TrinityeXchange Posted May 17, 2012 Report Share Posted May 17, 2012 (edited) This is incredible news brought to our attention by Breitling in his email bulletin! The SIGIR posted their quarterly report and placed it in good ole black and white that the dinar is to see a value slightly less than $1 usd after its currency reform project which has been postponed as we all know. Here is the link. Type in page 94 to jump to that page and read the first two paragraphs in the top right corner. WOW! I took a snapshot to for you all as well and highlighted the information. Why did they let the cat out of the bag like this is beyond me but there it is in good ole black and white! Edited May 17, 2012 by TrinityeXchange 14 1 Link to comment Share on other sites More sharing options...
sanders2340 Posted May 17, 2012 Report Share Posted May 17, 2012 That's huge!!! In a good way Link to comment Share on other sites More sharing options...
bodiddily Posted May 17, 2012 Report Share Posted May 17, 2012 This is not indicating a re-valuation, it is a simple statement of fact as to the value of a Dinar with three zero's removed. 6 1 Link to comment Share on other sites More sharing options...
jeepguy Posted May 17, 2012 Report Share Posted May 17, 2012 and if they can get this number too the exchange department in the c.b.i. and post this rate as a --- new trade rate for dinar that would be very cool ,,,, september getting closer every day nice post trinity 1 1 Link to comment Share on other sites More sharing options...
R Veyron Posted May 17, 2012 Report Share Posted May 17, 2012 (edited) Interesting. Edited May 17, 2012 by R Veyron Link to comment Share on other sites More sharing options...
humveee Posted May 17, 2012 Report Share Posted May 17, 2012 That doesn't mean a 1000 times revaluation of the current dinar 2 2 Link to comment Share on other sites More sharing options...
waterman13 Posted May 17, 2012 Report Share Posted May 17, 2012 I'm reading this as not good. It states that in April 2012, the CoM postponed indefinitely ....... that would have made the Dinar's value slightly less than a $1. Gives us an idea of what they were thinking of making the value worth, and that they were going to revalue the Dinar, but I don't like the postponed indefinitely part. WM13 2 1 Link to comment Share on other sites More sharing options...
wildinar Posted May 17, 2012 Report Share Posted May 17, 2012 PLEASE OH PLEASE OH PLEASE 1 Link to comment Share on other sites More sharing options...
KamelKeeper Posted May 17, 2012 Report Share Posted May 17, 2012 This was discussed last week or so by SWFloridaguy: Thanks for the post TrinityExchange. We can never get enough of optimistic information. 1 Link to comment Share on other sites More sharing options...
starlight Posted May 17, 2012 Report Share Posted May 17, 2012 Awesome news!!! April 30, 2012 is old news though. We're back on track as you can see from reading the recent news. Link to comment Share on other sites More sharing options...
kennyc Posted May 17, 2012 Report Share Posted May 17, 2012 This is not indicating a re-valuation, it is a simple statement of fact as to the value of a Dinar with three zero's removed. What??? Link to comment Share on other sites More sharing options...
zigmeister Posted May 17, 2012 Report Share Posted May 17, 2012 A couple of insights on this little blip on the charts, we now know they are low on US dollars, and the description of the currency change was described as currency reform, not re domination. I like that. 1 Link to comment Share on other sites More sharing options...
KamelKeeper Posted May 17, 2012 Report Share Posted May 17, 2012 Awesome news!!! April 30, 2012 is old news though. We're back on track as you can see from reading the recent news. You are right. It is not "news". It is a quarterly status report generated by the United States government and submitted to the US Congress, so an exact date is not important in this situation. it is the content that has the importance and validity, and the entity that produced it. 3 Link to comment Share on other sites More sharing options...
Halo9678 Posted May 17, 2012 Report Share Posted May 17, 2012 IMHO, While this is a GOOD thing, I don't think this will achieve the de-dollarization effort put forth by the CBI. Granted, it will make the dinar competitive BUT, this would still leave the dollar as the dominant currency in Iraq. However, this is a GREAT first step to draw the larger denoms in THEN do anoher RV to something more competitive, say 1.25:1. 1 Link to comment Share on other sites More sharing options...
starlight Posted May 18, 2012 Report Share Posted May 18, 2012 This is not indicating a re-valuation, it is a simple statement of fact as to the value of a Dinar with three zero's removed. According to the SIGIR Quarterly Report of July 2010 the three zeros will be removed from the nominal value (.86): Page 107 of 172 CBI has announced that it intends to implement a long-planned redenomination of the Iraqi dinar by eliminating three zeros from the nominal value of bank notes. http://www.sigir.mil/files/quarterlyreports/July2010/Report_-_July_2010.pdf You are right. It is not "news". It is a quarterly status report generated by the United States government and submitted to the US Congress, so an exact date is not important in this situation. it is the content that has the importance and validity, and the entity that produced it. Sorry I didn't make myself clear enough when I said old news. In the April 30 timeframe the old news was the Cabinet put a stop to the project, but recent new news has stated the project is still moving forward and the Cabinet has no say in it. When I said awesome news I meant the rate. That's as close to official as you can get imo. Link to comment Share on other sites More sharing options...
zigmeister Posted May 18, 2012 Report Share Posted May 18, 2012 According to the SIGIR Quarterly Report of July 2010 the three zeros will be removed from the nominal value (.86): Page 107 of 172 CBI has announced that it intends to implement a long-planned redenomination of the Iraqi dinar by eliminating three zeros from the nominal value of bank notes. http://www.sigir.mil/files/quarterlyreports/July2010/Report_-_July_2010.pdf Redenomination, they referred to it as a currency change. If they were referring to a redenomination, why did they not state this? Interesting don't you think? Link to comment Share on other sites More sharing options...
starlight Posted May 18, 2012 Report Share Posted May 18, 2012 Redenomination, they referred to it as a currency change. If they were referring to a redenomination, why did they not state this? Interesting don't you think? It's both! Duh! Link to comment Share on other sites More sharing options...
KamelKeeper Posted May 18, 2012 Report Share Posted May 18, 2012 According to the SIGIR Quarterly Report of July 2010 the three zeros will be removed from the nominal value (.86): Page 107 of 172 CBI has announced that it intends to implement a long-planned redenomination of the Iraqi dinar by eliminating three zeros from the nominal value of bank notes. http://www.sigir.mil/files/quarterlyreports/July2010/Report_-_July_2010.pdf Sorry I didn't make myself clear enough when I said old news. In the April 30 timeframe the old news was the Cabinet put a stop to the project, but recent new news has stated the project is still moving forward and the Cabinet has no say in it. When I said awesome news I meant the rate. That's as close to official as you can get imo. Boy, I agree with you. It is nice to see in black and white and English! Link to comment Share on other sites More sharing options...
dudeabides Posted May 18, 2012 Report Share Posted May 18, 2012 Boy, I agree with you. It is nice to see in black and white and English! I agree as well. I'm hoping for an RV but does seem to point to a possible RD...time will tell folks. Link to comment Share on other sites More sharing options...
easyrider Posted May 18, 2012 Report Share Posted May 18, 2012 hey thanks and yes this is all clear to me as well there will be no LOP. thanks again. We wait. 2 Link to comment Share on other sites More sharing options...
DinarDana Posted May 18, 2012 Report Share Posted May 18, 2012 (edited) Wow this is an significant report and I am quite pleased. As of late I have been completely discouraged, however this refreshes my mind as to why I got involved in the first place. Official documents like this is what I need to see to feel encouraged. In fact this documents what I have read in the Iraqi Plan. If the currency is restructured and the foreign exchange rate is .86 we have a chance. For the investment I made it is worth seeing this to the end. Edited May 18, 2012 by DinarDana Link to comment Share on other sites More sharing options...
keepmwlknfny Posted May 18, 2012 Report Share Posted May 18, 2012 Do I really need to say anything?? The ONLY good part of this, is the talk about the RD being put on hold indefinately..... And nominal value is not the exchange rate guys....its the face value.... 6 9 Link to comment Share on other sites More sharing options...
unirod Posted May 18, 2012 Report Share Posted May 18, 2012 Do I really need to say anything?? The ONLY good part of this, is the talk about the RD being put on hold indefinately..... And nominal value is not the exchange rate guys....its the face value.... Keep, I have always wanted someone to explain the difference so that I could understand the significance. Thanks Link to comment Share on other sites More sharing options...
desimo Posted May 18, 2012 Report Share Posted May 18, 2012 It's that 'postponed indefinitely' part that I wish I understood more fully. Link to comment Share on other sites More sharing options...
keepmwlknfny Posted May 18, 2012 Report Share Posted May 18, 2012 Keep, I have always wanted someone to explain the difference so that I could understand the significance. Thanks Which difference are you speaking about?? Sorry...still waking up lol 2 2 Link to comment Share on other sites More sharing options...
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