Think.

[BigFrankD]

Right now, the street rate of the dinar is lagging behind the official exchange rate. There have been numerous articles explaining this. The official rate is 1166 to one, but the real rate you get on the street is anywhere from 1220 to 1300.

What does this mean? It means Iraqis don't even trust their currency to be worth 1166. THEY think it's worth less. Why do American investors think they know more than Iraqis about their own currency?

That 1220 street rate means Iraqis are willing to give up a thousand dinar bill, even though they only get Around 80 cents in return. But you think if that thousand dinar bill can be exchanged for 860 to 3000+ USD, all of a sudden they're going to want to keep their dinar? HECK NO! They're happy to exchange it right now for 80 cents, if they could exchange it for even 8 bucks they'd be TRAMPLING each other to get to the banks to exchange dinar for USD. If there was any significant RV the Iraqis would be cashing in even quicker than the Americans. The CBI simply cannot afford to pay out that kind of money. Period. They can maybe back the dinar at 1000 to 1, any higher than that and the CBI would go under.

There is zero chance of even a 1 cent RV. None. It's not 50/50, it's not 1 in 100, it's not 1 in 1,000,000. It is zero. It will never happen.

Even if the USD was to undergo massive inflation it still wouldn't happen, because the dinar is backed by USD! The USD goes down, the dinar goes down right along with it. And their oil isnt going to save their currency either in that situation, because if the USD tanks, all the major world economies are going to get hit hard, and when your economy is in the toilet, you're not going to be spending a lot of money importing oil, are you?

[SgtFuryUSCZ]

***///

Shut yer pie hole, Frank.

Buzz kill.

[Maggie123]

***///

Shut yer pie hole, Frank.

Buzz kill.

I'm with you Sarge! ***///

[dinarck]

:lol: :lol:

[Laid Back]

Is just your opinion Thanks.!

[DaveD]

***///

Shut yer pie hole, Frank.

Buzz kill.

I'm with you Sarge! ***///

That’s some powerful rebuttal of the original post. Bet he feels foolish now.

Is just your opinion Thanks.!

He added his opision about a number of facts. Can you dispute any of the facts he talked about?

Do you not find it interesting that according to pumper gurus Iraq is telling us that the dinar will soon RV 100,000%. Yet the value of the dinar is sinking. They are doing everything they can to get the street rate back up to the official rate. OBVIOUSLY Iraqis do not believe the dinar will be RVd 100,000%.

If Iraq was talking about a huge RV to happen in the near future, the street rate would be skyrocketing. It is probably why they have floated the 1000:1 rumor lately. To try to get people to hold the dinar. They flaoted that rumor years ago and the street rate quickly went to near 1000:1 and the CBI had to come out and deny the rumor. It doesn't seem to be working this time.

Edited June 16, 2012 by DaveD

[SgtFuryUSCZ]

***///

Aw, c'mon, we're just yanking Frank's chain a little.

The post is as sensible as anything else out there, we know.... but couldn't resist

We know this is like waiting for the RedRider BB gun on Christmas morning,

Frank just brought home the fact that when we unwrap it it's going to be socks and underwear.

Sarge's bad Girls!

[RRSport]

Jethro and a few of the Go RV robots came in here and gave the original poster a hard time.

they're probably back at PTR now getting their daily fill of make believe.

Edited June 17, 2012 by RRSport

[dontlop]

Right now, the street rate of the dinar is lagging behind the official exchange rate. There have been numerous articles explaining this. The official rate is 1166 to one, but the real rate you get on the street is anywhere from 1220 to 1300.

What does this mean? It means Iraqis don't even trust their currency to be worth 1166. THEY think it's worth less. Why do American investors think they know more than Iraqis about their own currency?

That 1220 street rate means Iraqis are willing to give up a thousand dinar bill, even though they only get Around 80 cents in return. But you think if that thousand dinar bill can be exchanged for 860 to 3000+ USD, all of a sudden they're going to want to keep their dinar? HECK NO! They're happy to exchange it right now for 80 cents, if they could exchange it for even 8 bucks they'd be TRAMPLING each other to get to the banks to exchange dinar for USD. If there was any significant RV the Iraqis would be cashing in even quicker than the Americans. The CBI simply cannot afford to pay out that kind of money. Period. They can maybe back the dinar at 1000 to 1, any higher than that and the CBI would go under.

There is zero chance of even a 1 cent RV. None. It's not 50/50, it's not 1 in 100, it's not 1 in 1,000,000. It is zero. It will never happen.

Even if the USD was to undergo massive inflation it still wouldn't happen, because the dinar is backed by USD! The USD goes down, the dinar goes down right along with it. And their oil isnt going to save their currency either in that situation, because if the USD tanks, all the major world economies are going to get hit hard, and when your economy is in the toilet, you're not going to be spending a lot of money importing oil, are you?

big frank it means theres a program rate that is used to convert dollars into dinars .. it is part of a stand by agreement between the cbi and the imf .

all dinars are converted at this rate to keep it stableized ..

why would they think it might need this applied ..

well the govt is unstable as well as the security situation ..

so they have this set up to exchange all dinars at this rate

Edited November 29, 2012 by dontlop

[JoeFriday]

big frank it means theres a program rate that is used to convert dollars into dinars .. it is part of a stand by agreement between the cbi and the imf .

all dinars are converted at this rate to keep it stableized ..

why would they think it might need this applied ..

well the govt is unstable as well as the security situation ..

so they have this set up to exchange all dinars at this rate

I showed in my "The IMFs program rate" thread that this view is false. This is the rate the IMF uses in its analysis of the CBI but is not a constraint on the CBI to follow this rate, and that has been proven by the rate change from 1170 to 1166. Yet instead of responding on topic to that if you disagree, you resurrect a 5 month old thread to repost your assertions and to a poster who has not been on this site in 2 months. I see you have done the same thing with 4 or 5 other dormant threads. What is the point of all this?

[Maggie123]

Whoa! I was surprised to see me here and agreeing with Sarge's Gal!!!

Long time ago... oh the memories... of a time when I wasn't ready to hear the truth.

Thank You Frank!

[pocono]

Whoa! I was surprised to see me here and agreeing with Sarge's Gal!!!

Long time ago... oh the memories... of a time when I wasn't ready to hear the truth.

Thank You Frank!

I went and gave you a plus to eliminate the 5 month old neg you got but only because you've seen the light...

[dontlop]

Right now, the street rate of the dinar is lagging behind the official exchange rate. There have been numerous articles explaining this. The official rate is 1166 to one, but the real rate you get on the street is anywhere from 1220 to 1300.

What does this mean? It means Iraqis don't even trust their currency to be worth 1166. THEY think it's worth less. Why do American investors think they know more than Iraqis about their own currency?

That 1220 street rate means Iraqis are willing to give up a thousand dinar bill, even though they only get Around 80 cents in return. But you think if that thousand dinar bill can be exchanged for 860 to 3000+ USD, all of a sudden they're going to want to keep their dinar? HECK NO! They're happy to exchange it right now for 80 cents, if they could exchange it for even 8 bucks they'd be TRAMPLING each other to get to the banks to exchange dinar for USD. If there was any significant RV the Iraqis would be cashing in even quicker than the Americans. The CBI simply cannot afford to pay out that kind of money. Period. They can maybe back the dinar at 1000 to 1, any higher than that and the CBI would go under.

There is zero chance of even a 1 cent RV. None. It's not 50/50, it's not 1 in 100, it's not 1 in 1,000,000. It is zero. It will never happen.

Even if the USD was to undergo massive inflation it still wouldn't happen, because the dinar is backed by USD! The USD goes down, the dinar goes down right along with it. And their oil isnt going to save their currency either in that situation, because if the USD tanks, all the major world economies are going to get hit hard, and when your economy is in the toilet, you're not going to be spending a lot of money importing oil, are you?

right frank .. the official rate .. is all you  will get from the bank

 

the bank will change the official rate  if it wants to change its payment system

 

the central bank sets the  official rates ... they maintain  it .. and they honor it .. they guarentee it ... they dont guarentee more ..or less .. they dont guarentee anyone elses currency .. just their own currency ..what  they refer to as legal tender .

 

the people can trust , dis trust .. what ever they want .. but as that money comes and goes from the central bank it comes and goes at  the official exchange rate ... go on up their with a old demonetized saddam dinar  and exchange it in .. see what ya get .

 

point is   the iraqi dinar  official exchange rates  are official ... until they are demonetized .. they can  sitick them where the sun dont shine .. at the cbi ..they come and go at official rates .

not a street value

[RVPleaseToday]

dontlop, the My Take thread was closed. Here you are trying to restart it here. Give it a rest. Please.

[dontlop]

i reported the confrontation.

[RVPleaseToday]

You remind me of a Bluetick hound I used to have. He was great at treeing squirrels, but his real obsession was snakes. Hated 'em. If he spotted a snake, he would stop treeing squirrels and go after that snake. Got bit all the time, too. Jaw was always swollen up where another snake had bit him. Dang mutt never learned, though. Next snake came along, he jumped right on it. Lived to an old age, too. Just wasn't much use because he was so distracted by those dang snakes.

[dontlop]

i reported the personal confrontation again ..

[magawatt]

What does it mean that Iraqis are willing to dump dinars for dollars?

Perhaps that the CBI is successfully sucking in dinars at a discounted (for them) rate. The more dollars on the street, the more likely of a 1:1 RV.

[RVPleaseToday]

The CBI buys dinar with their foreign reserves and sells dollars to try and maintain their exchange rate. Dinars and dollars go in and out of the CBI constantly. Looking at the CBI's own numbers, I don't see that they are sucking in either dollars or dinar. They are simply doing what central banks do.

 

An RV, to be unpredictable, would have to be based on things we cannot see. They would never project in any way a large RV, so their day-to-day actions probably have nothing to do with a decision to RV.

Edited April 6, 2013 by RVPleaseToday

[dontlop]

Posted 02 August 2012 - 08:14 AM

Nerd, if you have opinions that you wish to express, do so without calling out individual members.

Read more: http://dinarvets.com/forums/index.php?/topic/124757-to-quaddkidd1/#ixzz2PjI7UBMx

Posted Today, 03:51 PM

BigFrankD, on 16 Jun 2012 - 01:15, said:

Right now, the street rate of the dinar is lagging behind the official exchange rate. There have been numerous articles explaining this. The official rate is 1166 to one, but the real rate you get on the street is anywhere from 1220 to 1300.

What does this mean? It means Iraqis don't even trust their currency to be worth 1166. THEY think it's worth less. Why do American investors think they know more than Iraqis about their own currency?

That 1220 street rate means Iraqis are willing to give up a thousand dinar bill, even though they only get Around 80 cents in return. But you think if that thousand dinar bill can be exchanged for 860 to 3000+ USD, all of a sudden they're going to want to keep their dinar? HECK NO! They're happy to exchange it right now for 80 cents, if they could exchange it for even 8 bucks they'd be TRAMPLING each other to get to the banks to exchange dinar for USD. If there was any significant RV the Iraqis would be cashing in even quicker than the Americans. The CBI simply cannot afford to pay out that kind of money. Period. They can maybe back the dinar at 1000 to 1, any higher than that and the CBI would go under.

There is zero chance of even a 1 cent RV. None. It's not 50/50, it's not 1 in 100, it's not 1 in 1,000,000. It is zero. It will never happen.

Even if the USD was to undergo massive inflation it still wouldn't happen, because the dinar is backed by USD! The USD goes down, the dinar goes down right along with it. And their oil isnt going to save their currency either in that situation, because if the USD tanks, all the major world economies are going to get hit hard, and when your economy is in the toilet, you're not going to be spending a lot of money importing oil, are you?

right frank .. the official rate .. is all you will get from the bank

 

the bank will change the official rate if it wants to change its payment system

 

the central bank sets the official rates ... they maintain it .. and they honor it .. they guarentee it ... they dont guarentee more ..or less .. they dont guarentee anyone elses currency .. just their own currency ..what they refer to as legal tender .

 

the people can trust , dis trust .. what ever they want .. but as that money comes and goes from the central bank it comes and goes at the official exchange rate ... go on up their with a old demonetized saddam dinar and exchange it in .. see what ya get .

 

point is the iraqi dinar official exchange rates are official ... until they are demonetized .. they can sitick them where the sun dont shine .. at the cbi ..they come and go at official rates .

not a street value

Read more: http://dinarvets.com/forums/index.php?/topic/120363-think/#ixzz2PjKfWz6A

[dontlop]

i guess there can be an arguement at the bank  when exchanging currencys ,,

 

 someone  could tell the bank they dont care about the official exchange rates .. and say they want more  than the official exchange rate .. and  wait till the police show up and remove  that person from the bank .

 

or the central bank can change that official rate .  one of the 2

[Brazen]

Or the bank will give them official conversion rates if a short term exchange of an already widely used currency in a select part of the country is allowed during a time of war. Of course this is a rare occasion. Point is official exchange rates do not necessarily have to be given to a demonitized currency for an exchange to occur. Instead a temporary official conversion rate could be given just like what happened with the Swiss Dinar....not an official exchange rate but an official conversion rate. Like what happened with the Swiss Dinar.

[Brazen]

So now its clear to everyone that the Swiss dinar never RVed because it was never given an official exchange rate. An official exchange rate would have given the Swiss Dinar status to convert into goods and services and to be used as trade by the issuing government. We know for a fact that this did not happen. We know that the CPA determined its value so that fairness could be achieved in exchanging the new dinar to people in the north who still used the Swiss dinar widely. We know this is not an official exchange rate but a conversion rate for a short exchange period.

Dontlop has deceived everyone on this forum for days with his made up Swiss Dinar RV. This is exactly how dinar hype starts and the main reason there is an entire industry built around dinar sales and its all based off of lies and misinterpretations of history. Dontlop is not the first and will not be the last to spin the truth and distort reality in an attempt to push an agenda. A few on this forum have done their best to provide actual historical documents and facts to back their arguments but Dontlop has been successful in posting scrips that are almost a page long to push the truth to the back page where is victims are less likely to see it. This is a new forum technique used by the "positive" dinar "investors" to hide the truth.

Here are some more lies told by Dontlop about the Swiss dinar being given an official exchange rate....

keep that term in mind ...>>> official exchange rate ..

thats how they determined that the kuwait dinar did not rv .. even though the market rates fell to almost nothing during saddams invasion of kuwait for 6 months back in the early 1990s ..

Read more: http://dinarvets.com...5#ixzz2PhphKOBO

watch them try to defend that comparing the kuwait dinar to the swiss dinar .. one official rate never changed >>>kuwait

and one official rate did change .. >>iraqi swiss dinar // so one had to of rvd

Read more: http://dinarvets.com...5#ixzz2Phq5wuIQ

dude theres pot in circulation .. whats its official exchange rate

the central bank sets monetary policy .. go to the airport tommarro and exchange in a confederate dollar .. and tell us what the rate is ..its demonetized ..it has no official rates ..

the government (central bank) sets and maintains as the official exchange rate.

Read more: http://dinarvets.com...4#ixzz2PhqWOHSY

either a central banks official rates matter or they dont matter rvpleasetoday .. which is it

Read more: http://dinarvets.com...3#ixzz2PhrVF8JO

[Brazen]

Here is a bunch of post by Dontlop yapping about the official exchange rate of the Swiss Dinar changing during the exchange meaning the Swiss Dinar RVed massively. This of course was before he was proved wrong by his own documents that clearly showed that the Swiss Dinar was never given an official exchange rate by the CBI and instead was given an official conversion rate by the CPA meaning that it did not RV it was only allowed to be exchanged for a value that the CPA determined equal to what its purchasing power was at the time.

we have to stay inside the box of law here

A fixed, or pegged, rate is a rate the government (central bank) sets and maintains as the official exchange rate.

Read more: http://dinarvets.com...2#ixzz2Pf6CyNYF

ya its just speculation

but i do know about the official exchange rate of the swiss dinar changing over night .. thats not debatable. its a fact

Read more: http://dinarvets.com...1#ixzz2Pf6WmvkC

ive also stated that the kuwait dinar did not rv since the official exchange rate never changed Read more: http://dinarvets.com...1#ixzz2Pf6hwPZw

and i asked for proof of the official exchange rate for the swiss dinars prior to the invasion .. from the cbi ..or un operational rates . or the imf ..

nothing was or could be produced

all i got was the exchange rates in 2003

after it was revalued by giving it an official exchange rate

so i was called names for that

Read more: http://dinarvets.com...1#ixzz2Pf6x2b7g

i stated clearly that one of the two had to of rvd but both couldnt of rvd .. one central bank never changed its official exchange rate and the other central bank did change its official exchange rate Read more: http://dinarvets.com...1#ixzz2Pf7BB0Om

heres what i got .. the official exchange rate for the swiss dinar was posted by rvplease today .. it was zero ..it was demonetized .. had zero for its official exchange rate unitl it was given an official exchange rate based on a market value simular to bit coins with no central control .. pegged to nothing officially

now if you can prove me wrong be my guest .. so far you flatbush have provided zero evidence of what i said is wrong .. please show me the official exchange rates for the swiss dinar prior to the invasion .. after it was demonetized in 1990 .. please prove me wrong . and that the swiss dinar did have an official exchange rate . backed by the govt of iraq .. the central bank of iraq .. the international monetary fund .. the united nations operational rates .. anything ligetimate besides your buddys in lopster chat

you say im wrong ..prove me wrong

Read more: http://dinarvets.com...1#ixzz2Pf7YX18d

[dontlop]

 well im supposed to respect this person  i was told by the moderators ..

 

 some day i guess you to may be told to respect people like this .

 

 i have reported his behavior ..

 

 i never lied about anytyhing that hes  says i did  .

Or the bank will give them official conversion rates if a short term exchange of an already widely used currency in a select part of the country is allowed during a time of war. Of course this is a rare occasion. Point is official exchange rates do not necessarily have to be given to a demonitized currency for an exchange to occur. Instead a temporary official conversion rate could be given just like what happened with the Swiss Dinar....not an official exchange rate but an official conversion rate. Like what happened with the Swiss Dinar.

link please .. show us where demonetized currencys    are given official exchange rates ..  but it doesnt involve the central banks like you claim

 

and

 

 

 a official conversion rate is exactly the same  thing as an official  conversion rate .. otherwise post a link to back up what you say

So now its clear to everyone that the Swiss dinar never RVed because it was never given an official exchange rate. An official exchange rate would have given the Swiss Dinar status to convert into goods and services and to be used as trade by the issuing government. We know for a fact that this did not happen. We know that the CPA determined its value so that fairness could be achieved in exchanging the new dinar to people in the north who still used the Swiss dinar widely. We know this is not an official exchange rate but a conversion rate for a short exchange period.

Dontlop has deceived everyone on this forum for days with his made up Swiss Dinar RV. This is exactly how dinar hype starts and the main reason there is an entire industry built around dinar sales and its all based off of lies and misinterpretations of history. Dontlop is not the first and will not be the last to spin the truth and distort reality in an attempt to push an agenda. A few on this forum have done their best to provide actual historical documents and facts to back their arguments but Dontlop has been successful in posting scrips that are almost a page long to push the truth to the back page where is victims are less likely to see it. This is a new forum technique used by the "positive" dinar "investors" to hide the truth.

Here are some more lies told by Dontlop about the Swiss dinar being given an official exchange rate....

keep that term in mind ...>>> official exchange rate ..

thats how they determined that the kuwait dinar did not rv .. even though the market rates fell to almost nothing during saddams invasion of kuwait for 6 months back in the early 1990s ..

Read more: http://dinarvets.com...5#ixzz2PhphKOBO

watch them try to defend that comparing the kuwait dinar to the swiss dinar .. one official rate never changed >>>kuwait

and one official rate did change .. >>iraqi swiss dinar // so one had to of rvd

Read more: http://dinarvets.com...5#ixzz2Phq5wuIQ

dude theres pot in circulation .. whats its official exchange rate

the central bank sets monetary policy .. go to the airport tommarro and exchange in a confederate dollar .. and tell us what the rate is ..its demonetized ..it has no official rates ..

the government (central bank) sets and maintains as the official exchange rate.

Read more: http://dinarvets.com...4#ixzz2PhqWOHSY

either a central banks official rates matter or they dont matter rvpleasetoday .. which is it

Read more: http://dinarvets.com...3#ixzz2PhrVF8JO

what i said is true .  it is a fact that the swiss dinar was given an official exchange rate .after saddam was removed .the swiss dinar was remonetized in 2003