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Kaperoni - This Is A Very Encouraging And Promising Article !


DinarThug
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Wow!!!!!! i was just wondering about this and then you post Kap's thoughts excellent!! Thanks Thug. I would have to agree with Kap i dont believe they will wait till 2014 to introduce the LD's they have stated from the CBI and parliament and finance committee that the new exchange rate would be implemented in the 2013 budget. As always we wait and see what they do but i agree this is very encouraging news and even the lopsters can appreciate this LOL

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I do not see why the rate must change before the release of the new currency ??? I think the CBI seriously expects to RD and release some of the new on 1/1/13...I think they have stopped replacing the old bills as they should and instead are spending the resources on the new bills and keeping them in storage...To keep he economy from stalling they eased the restrictions on the dollar! Wnen the new currency is available they may reverse that policy.

They do not need all the new denoms on day one, just the ones with the most trade value...

I dont know how they could do it BUT if at the same time they did change the rate to be equal to the dollar they could import US coins and not need to mint some of there own immediately.

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I do not see why the rate must change before the release of the new currency ??? I think the CBI seriously expects to RD and release some of the new on 1/1/13...I think they have stopped replacing the old bills as they should and instead are spending the resources on the new bills and keeping them in storage...To keep he economy from stalling they eased the restrictions on the dollar! Wnen the new currency is available they may reverse that policy.

They do not need all the new denoms on day one, just the ones with the most trade value...

I dont know how they could do it BUT if at the same time they did change the rate to be equal to the dollar they could import US coins and not need to mint some of there own immediately.

If they don't change the exchange rate, the new currency will be worthless, and no one would use it.

-

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No. I said after they Redenominate ! Now One dinar is worth $0.86.....That is worth something...And as I suggested they could make it $1.00.....Only cost $10Bn in new reserves

wow...i mean this is very positive yet you choose to be a buzzkill admit it this is good for us as speculators of their currency.

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Weren't we expecting last year the new rate in the 2012 budget? And also in 2011?

Time means nothing to Iraq, it seems.

Shabbs never said nor did it come from the parliamentary board like this time around so id say yes this is different and they are ready. Let the fun begin. I believe the banks were just NOT ready as of last year and what i have been hearing they have been educating the Iraqi citizens on T.V about the currency, now would they be doing this and wait till 2014?hmmmm

Edited by easyrider
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I do not see why the rate must change before the release of the new currency ??? I think the CBI seriously expects to RD and release some of the new on 1/1/13...I think they have stopped replacing the old bills as they should and instead are spending the resources on the new bills and keeping them in storage...To keep he economy from stalling they eased the restrictions on the dollar! Wnen the new currency is available they may reverse that policy.

They do not need all the new denoms on day one, just the ones with the most trade value...

I dont know how they could do it BUT if at the same time they did change the rate to be equal to the dollar they could import US coins and not need to mint some of there own immediately.

I have not seen any proof that currency is being printed on the CBI site,

If they are being transparent why not show these tenders.

They show the delarue machines but nothing on the new currency.

Has it started, ? A few articles out in June saying they had samples and companies picked.

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You are correct but the CBI would not need to announce to world just yet BUT Indirectly we have read :

De Larue Machines ordered,

Armored vehicles ordered

Incinerators ordered

Printers/mint selection

Detailed descriptions of notes/ coins.. Some indication that proofs were shown. .

Education sessions for banks/businesses

Put all together. I think its going to happen this time

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No. I said after they Redenominate ! Now One dinar is worth $0.86.....That is worth something...And as I suggested they could make it $1.00.....Only cost $10Bn in new reserves

One Dinar is not worth $.86 now it is worth $.00086.

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More From Kap .....

10-8-2012 Newshound Guru Kaperoni There is a very good chance that Iraq will not introduce the "new currency" till end of 2013 or sometime in 2014. But that has nothing to do with us as they must raise the value first. And it makes no difference in the budget until the value is greater than the USD. Once the value is greater than the USD, that is when they will make it "official" and start a new year with it on a legal level. Example, the dinar could be worth .10, .50, or even .86 all through 2013. Then in Jan 2014, they could declare "we have deleted the zeros" and all transactions and accounting records are adjusted accordingly as Saleh states. Another example could be a RV at a staging rate of 1 to $1 leaving it in place for 6-12 months as they transition from the current currency to the new currency....and then in Jan 2014 declare..."we have deleted the zeros". So you can see, the "actual declaring" is simply a date in which zeros are removed and goes into effect in country and more than likely would be at the beginning of a year but has nothing to do with us as most of us will cash out at some rate we are comfortable with.

- CNN

B) B) B)

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More From Kap .....

10-8-2012 Newshound Guru Kaperoni There is a very good chance that Iraq will not introduce the "new currency" till end of 2013 or sometime in 2014. But that has nothing to do with us as they must raise the value first. And it makes no difference in the budget until the value is greater than the USD. Once the value is greater than the USD, that is when they will make it "official" and start a new year with it on a legal level. Example, the dinar could be worth .10, .50, or even .86 all through 2013. Then in Jan 2014, they could declare "we have deleted the zeros" and all transactions and accounting records are adjusted accordingly as Saleh states. Another example could be a RV at a staging rate of 1 to $1 leaving it in place for 6-12 months as they transition from the current currency to the new currency....and then in Jan 2014 declare..."we have deleted the zeros". So you can see, the "actual declaring" is simply a date in which zeros are removed and goes into effect in country and more than likely would be at the beginning of a year but has nothing to do with us as most of us will cash out at some rate we are comfortable with.

- CNN

B) B) B)

I vote they start raising the value tomorrow. Just sayinsmile.gif

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You are correct but the CBI would not need to announce to world just yet BUT Indirectly we have read :

De Larue Machines ordered,

Armored vehicles ordered

Incinerators ordered

Printers/mint selection

Detailed descriptions of notes/ coins.. Some indication that proofs were shown. .

Education sessions for banks/businesses

Put all together. I think its going to happen this time

I guess they are more transparent than our Government

If I felt that a RD was going to happen i probably would be out of this investment. Why stay in a losing venture

To many other good opportunities out there. I would never trouble my self again with this if I thought I would not gain

If they RD we will be at the mercy of the currency exchanges which could hit us with any spread they want 50- 60 %

And that is why Im still in because I believe they must correct the rate,

Edited by SocalDinar
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If they introduce a new currency they will have a rate assigned to it. The rate of the IQD won't change. They will co-exist for two years with two rates until the IQD is demonetized. They don't have to change the rate for a new currency.

Hi doctor robbins,

Please forgive me for being a bit dense, but could you provide an example of what you mean about 2 rates existing simultaneously? I am having a problem understanding how this would work.

Billio0

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So far they've listed many articles about deletion of zero's, they've mentioned a managed float & raising the value of the dinar against the dollar, but as far as we know, nothing else needs to be done except raise the rate, looks like we're pretty close. I'll be happy with anything for starters, although I think the rate will climb faster because of the boom effect, many contractors will pour into Iraq....jmho

Edited by endeavor1
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