Official: Dinar to Soon Return to What It Was Before 1980

[Brisco]

1980?. http://www.edinarfinancial.net/history.phpSWEET

[Darin]

1980?. http://www.edinarfinancial.net/history.phpSWEET

I"m a little confused by this:

1986–2003 1986–2003 between .33 cents to 1.32 to a dollar.

2003 In october 2003, the official Dinar-dollar exchange rate was ID1 to US$0.00027.

What I read from this is that in the years 1986 to 2003, the old dinar (Saddam notes) were being exchanged anywhere from $0.33 to $1.32.

But, when they introduced the New Iraqi Dinar, they exchanged at a 1:1 ratio. The kicker is, the rate was not a $0.33-$1.32 with the new dinar. I do not remember the most accurate numbers, but it was likely around 4000 instead of the 1166 we have come to know today.

So, the $0.33-1.32 must have been the market rate people were willing to accept for exchange of USD with the old dinar. Who in their right mind would be okay with exchanging 1:1 to end up losing that much value?!?

Something about that information must not be correct.

[boomer113189]

this is very good for iraqs future

[fastarnie]

The article states before 1980, so between 1973 and 1980 the dinar was at $3.22 and $3.39 according to the bar graph that Brisco posted. Can only hope tis true. :)/>/>

I like that they say there is global demand as well. I don't know where this demand is coming from globally, but I like it.

Edited February 4, 2013 by fastarnie

[JayLee202]

Good find jay.... I think the most hated word in any language is SOON!!!

I know right lol

[RVPleaseToday]

But before 1980, there weren't 70 trillion dinar in existence. My dollar was worth a lot more before 1980 than it is now, but unfortunately I didn't have as many of them then.

[moneysoon]

This sounds promising! We should get clarification from someone with boots on the ground or that was a "fly" on a wall when this was reported. Perhaps the reporter can clarify for us since reaching the Official may be a stretch.

Blessings

[puckster_guy]

Just a thought about that gold being exported. Is it possible due to a worthless dinar they are paying their debts in gold?....and could this also force their hand in adding value to the dinar

[JayLee202]

Already posted, sorry to have repost this guys

Edited February 4, 2013 by JayLee202

[RodandStaff]

02/02/2013 11:45:00

He pointed out that "the dinar traded in global financial directory sites on the recovery of the currency and that there is a future for the Iraqi dinar and would soon return to what it was before 1980 because of the global demand in the global financial markets."

We are ready any time ya'll are boyz... now "Git-r-dun"!!!!

Thanks for the post ReVbo!!!

[RodandStaff]

my new license plate will say "SOON"

Sorry easy.... I'm usually pretty good with my aim... could somebody please "bury our friend" with plus's... my bad. Yes... maybe that will be the catch phrase that will illicit both good and bad memories for us.... some day.. hopefully "soon"!!!

[Shabibilicious]

my new license plate will say "SOON"

I will ask my driver what my license plate says........after I hire one of course.

GO RV, then BV

[TQueezy]

Just a thought about that gold being exported. Is it possible due to a worthless dinar they are paying their debts in gold?....and could this also force their hand in adding value to the dinar

They recently imported a bunch of gold, not exported. That gold goes into their coffers, making them worth more. And I don't think any countries settle debts with shipments of gold to each other...

[handy]

TQ , do you have any up-fdates from your friend at the CBI , just curious. thanks.

-handy

[TQueezy]

TQ , do you have any up-fdates from your friend at the CBI , just curious. thanks.

-handy

Not as of yet, and my guy is a financial employee in the US who is in contact with CBI sources.

Still looking for a float soon.

[cslewis]

Not as of yet, and my guy is a financial employee in the US who is in contact with CBI sources.

Still looking for a float soon.

Thanks, TQueezy", we all hope you are vindicated SOON.

[ReVbo]

Not as of yet, and my guy is a financial employee in the US who is in contact with CBI sources.

Still looking for a float soon.

Thanks, TQ.

[DinarWhiz]

my new license plate will say "SOON"

My new boats name will be soon:)

[ComPLX]

LOL

Of course I do.....no mentioning of deleting the zeros and the value being raised.....so I cant really complain.....

Would just like to know exactly how they plan on doing this.....I know they have mentioned a different monetary policy then being fixed, which would be the best for us, but the details are what will complex me until it goes down....

Cant help it....its just how my mind works.....damn technicians lol....always have to know how and cant just accept it as is.....

You know Keep. When I 1st started I didn't like you very much because I THOUGHT you were a trouble maker. But now, I think you are a really smart cat. you look at the big pic. I got a lotta respect for you man.

[gregp]

Momma! Really?!!! What?!!! Keep praying! It's working!

[cooked]

My new boats name will be soon:)

My new boat will be called "paid in full"

[keepmwlknfny]

You know Keep. When I 1st started I didn't like you very much because I THOUGHT you were a trouble maker. But now, I think you are a really smart cat. you look at the big pic. I got a lotta respect for you man.

Thank you......appreciate the compliments......

[chess]

My new boat will be called "paid in full"

.....mine to be "An Appointment"

Where's _________?...................He's out on 'an appointment.'

[Darin]

You know Keep. When I 1st started I didn't like you very much because I THOUGHT you were a trouble maker. But now, I think you are a really smart cat. you look at the big pic. I got a lotta respect for you man.

Keep is just all about tough-love...

He'll give it to you straight...

[ronscarpa]

Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar

Thanks Revbo for the good article (+)...

Here's the Link - Yours is broken:

NINA News Link