My Take

[Flatbush Zombies]

Yeah they may hold the dinar exchange rate stable but what about security? What about political stability? Those things are just as important and you have to agree that they are seriously lacking in those areas. Plus it matters not. Just because they haven't RD doesn't mean that they can RV by any significant amount.

Yes, that's the stability they are talking about. It's much more than currency stability.

All this talk about bit coins, appreciation over time, Kuwait etc is a waste....the problem with Iraq is there money supply.

[Darin]

"Since people say that RVs don't exist, maybe from here on out I should use the statement "quickly appreciating value of a currency." Would that suffice? A quickly appreciating value of a currency has proven to exist.. Even in recent times, currencies have been known to quickly appreciate. (even in HUGE %s that are more than we could dream to happen in the terms of IQD)."

Please explain Darin....and the BIT-C doesn't count seeing how it isn't a real currency.

 

Isn't a real currency? Last I checked it sure acts like a currency as it is used to purchase goods/services and can be traded much like other currencies.

 

LOL - just because I can supply one example, you find a way to try to deny how it doesn't apply.

Darin PLEASE don't bring up the Bit coin. It has NOTHING to do with Iraq. Since you said currencies can appreciate to 1000% in a years time, please show me one example of this happening

 

The BTC is one prime example, it is a currency... Just isn't regulated by central banks.

Yeah they may hold the dinar exchange rate stable but what about security? What about political stability? Those things are just as important and you have to agree that they are seriously lacking in those areas. Plus it matters not. Just because they haven't RD doesn't mean that they can RV by any significant amount.

 

They sure seem to have held a stable rate for a long time w/o any issues, but nothing else beyond that.

For such a "neutral event' why would political security, and economy stability really be so important?

What type of impact would such a "Neutral event" have?

 

We're going to chops the 3 zeros off.. Oh wait, political, security, and economical is too unstable. *scratches head* a neutral event plays a factor??? weird....

Yes, that's the stability they are talking about. It's much more than currency stability.

All this talk about bit coins, appreciation over time, Kuwait etc is a waste....the problem with Iraq is there money supply.

 

Yes, the money supply is high, or so stated by the CBI

But than you look to Kurdistan and you see that the liquidity of dinar is an issue.

 

Funny, even in 2003/2004 prior to the new currency induction, the CBI went on a printing spree for the 250 dinar because of a high demand and their lack of existence. (Mostly due to fears of the 10k note & their high likelihood of being counterfeited)

[Brazen]

Isn't a real currency? Last I checked it sure acts like a currency as it is used to purchase goods/services and can be traded much like other currencies.

 

LOL - just because I can supply one example, you find a way to try to deny how it doesn't apply.

 

The BTC is one prime example, it is a currency... Just isn't regulated by central banks.

 

They sure seem to have held a stable rate for a long time w/o any issues, but nothing else beyond that.

For such a "neutral event' why would political security, and economy stability really be so important?

What type of impact would such a "Neutral event" have?

 

We're going to chops the 3 zeros off.. Oh wait, political, security, and economical is too unstable. *scratches head* a neutral event plays a factor??? weird....

 

Yes, the money supply is high, or so stated by the CBI

But than you look to Kurdistan and you see that the liquidity of dinar is an issue.

 

Funny, even in 2003/2004 prior to the new currency induction, the CBI went on a printing spree for the 250 dinar because of a high demand and their lack of existence. (Mostly due to fears of the 10k note & their high likelihood of being counterfeited)

Really? Its a real currency? Please show me any institution that recognizes it? Its a fad not a currency. We have already been through this.

[Flatbush Zombies]

Oh god...you used the BTC. Darin you're too smart to compare the two. Please a real example of a countries currency revaluing that high. Over 1000%

[Darin]

Really? Its a real currency? Please show me any institution that recognizes it? Its a fad not a currency. We have already been through this.

http://en.wikipedia.org/wiki/Bitcoin

 

Wiki refers to it as a currency

What separates it from other currencies is that it does not have an ISO code or a central bank.

 

It is a cypto-currency that is allowed to use purchase/goods for those that accept them.

 

BTC paired with many currencies may be found from this site:

http://bitcoincharts.com/markets/

 

It may not have a designated ISO code or central bank regulation, but you can actively trade it, spend it, and speculate upon it.

[Brazen]

We're going to chops the 3 zeros off.. Oh wait, political, security, and economical is too unstable. *scratches head* a neutral event plays a factor??? weird....

Don't tell me you are in the delusioned crowd that thinks the RD hold up is all a conspiracy to hide the RV. I figured you were smarter than that Darin. I think the RD would be a done deal by now if the GOI hadn't gotten in the way. They basically said it can wait which it can. They can go forever in a hyperiflated state. Somehow the hold up means they are going to RV by 1000s of percent? I think not. Its fun to see objects in the clouds but they are just clouds.

And yes if you are not careful a RD can fail. Look throughout history for proof of that. But that cant be why they are waiting for the right time. No....it must be that they are going to "RV". LOL

[Flatbush Zombies]

Bitcoins operate on a network that, at least on the surface, resembles a typical exchange on the capital markets. Buyers can exchange their paper currencies for bitcoins and use them wherever they are accepted. Sellers can exchange their bitcoins back for their original currency.

[Brazen]

http://en.wikipedia.org/wiki/Bitcoin

 

Wiki refers to it as a currency

What separates it from other currencies is that it does not have an ISO code or a central bank.

 

It is a cypto-currency that is allowed to use purchase/goods for those that accept them.

 

BTC paired with many currencies may be found from this site:

http://bitcoincharts.com/markets/

 

It may not have a designated ISO code or central bank regulation, but you can actively trade it, spend it, and speculate upon it.

Hahahaha....please Darin don't join Dontlop in the grasping at straws game. You are smarter than this. The bitcoin is irrelevant to the topic at hand. Call it what you want but it cannot be used to justify a "RV" in Iraq.

[Flatbush Zombies]

Hahahaha....please Darin don't join Dontlop in the grasping at straws game. You are smarter than this. The bitcoin is irrelevant to the topic at hand. Call it what you want but it cannot be used to justify a "RV" in Iraq.

It blows my mind the justifications people will use.

I agree, Darin you're too smart to compare the 2

[dontlop]

Really? Its a real currency? Please show me any institution that recognizes it? Its a fad not a currency. We have already been through this.

i guess the swiss dinar was  a fad too.  now its revalued  just so you can see that rvs are real ..

[Brazen]

i guess the swiss dinar was  a fad too.  now its revalued  just so you can see that rvs are real ..

You just don't give up on embarrassing yourself do you?

So one day the swiss dinar is worth one amount and the next day its worth the same amount and you say it "RVed" huh? Ok if you say so.

[dontlop]

i guess the un operational rates are a fad .. im sure those covered iraqis demonetized currencies through out history

 

 heck this is a fad too

 

IRAQI DINAR
WorldLink® Payment Services has been making IQD payments on behalf of selected clients since 2006 adding to the exotic currencies suite. With the success established over five years, WorldLink has differentiated itself by having local expertise and strong banking relationships in Iraq. WorldLink is now offering IQD payments as a fully developed and proven offering to all relevant WorldLink clients.

While the U.S. dollar remains a widely accepted currency in Iraq, Citi’s cross-border payments specialists anticipate that IQD payments will gain an increasing foothold in support of foreign direct investments.

"Making payments into new countries doesn’t have to be risky or intimidating for clients; the liberalization of markets especially those in the Middle East and Africa are going to undoubtedly change the global economy in the near future. Providing payment options in local currencies is just one step towards building solutions for our clients looking to do business or invest further in these markets." said, Michael Vallance, Global Head of WorldLink® Payment Services at Citi.

To remain focused on exotic currencies with a view to further enhancements, WorldLink Payment Services has expanded its network to fully optimize the current exotic currency offering. This expansion will see a greater capacity for current exotic currencies and will provide the opportunity in the future to bring to market new currency offerings.

Vallance continued, "The payments landscape is changing rapidly and we are watching governments realize the power of their local currencies. It has become imperative to prepare as the shift from the traditional world currencies is being hedged by rising local currency payments. Adding capabilities to bolster cross-border payments capabilities in exotic foreign currencies is a necessary step, not just for Citi, but for any payments provider who is looking to keep pace with expanding client needs and globalization."

For over 25 years, WorldLink Payment Services has successfully enabled Citi’s clients to issue payments in more than 135 currencies, by leveraging an existing network of over 225 partner relationships and accounts WorldLink makes over 30 million payments annually with a value of 750 billion U.S. dollar equivalent. The WorldLink solution is a convenient non-account-based product, offering multicurrency payment solutions for corporations, financial institutions and public entities. Supporting over 4,000 currency pair conversions, WorldLink provides transparent flexible foreign exchange options which are bundled with the most comprehensive distribution network of any international cash management service provider globally.

Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the second quarter of 2011, it held on average $365 billion in liability balances and $13.5 trillion in assets under custody.

 

http://www.citibank..../2011_0921b.jsp

 

nope not done yet .. i guess ill let cha boil a little longer

Edited April 2, 2013 by dontlop

[Brazen]

I am at a loss here. Again with the IQD payment service? Unreal. You have seriously lost it. Thanks for the laugh.

[Darin]

Oh god...you used the BTC. Darin you're too smart to compare the two. Please a real example of a countries currency revaluing that high. Over 1000%

 

I will have to do some digging, but I realize that some of the other examples I may be able to provide would be before central bank regulation and likely be criticized as something that would not be a reasonable example.

 

I have run across a few in the past, but they were from periods so far in the past that they're up for criticism.

[dontlop]

If returns like those seem otherworldly, perhaps its because Bitcoin is a world unto itself. To recap, it's is a purely online currency with no intrinsic value; its worth is based solely on the willingness of holders and merchants to accept it in trade. In that respect, it's not so different from fiat currencies like the dollar or Euro, but whereas governments back such money, Bitcoins lack central control.

Read more: http://dinarvets.com.../#ixzz2PH8N5HXe

 

reminds me of a demonetized swiss dinar

Read more: http://dinarvets.com/forums/index.php?/topic/70203-currencey-bitcoins-revalues-to-30/#ixzz2PH8u1AmB

[Darin]

Don't tell me you are in the delusioned crowd that thinks the RD hold up is all a conspiracy to hide the RV. I figured you were smarter than that Darin. I think the RD would be a done deal by now if the GOI hadn't gotten in the way. They basically said it can wait which it can. They can go forever in a hyperiflated state. Somehow the hold up means they are going to RV by 1000s of percent? I think not. Its fun to see objects in the clouds but they are just clouds.

And yes if you are not careful a RD can fail. Look throughout history for proof of that. But that cant be why they are waiting for the right time. No....it must be that they are going to "RV". LOL

 

No, I'm not delusional... I may not argue for a dramatic R/V, but I find fun in arguing against a R/D.

Just how you find fun in arguing against a R/V... And the fact neither has happens lets us continue this debate.

Hahahaha....please Darin don't join Dontlop in the grasping at straws game. You are smarter than this. The bitcoin is irrelevant to the topic at hand. Call it what you want but it cannot be used to justify a "RV" in Iraq.

 

Wasn't trying to justify a R/V w/ the BTC example. As I have stated in previous posts & topics the example is simply provided to show vast appreciation over a short-term time.

 

Basically that they "can" exist, but obviously are rare.

But if I had purchase/speculated in BTC instead of IQD, I wouldn't really be here speculating anymore as the ROI % would lead me to no longer care.

Jumped into the "wrong" speculation.... Oh well -

[Brazen]

No, I'm not delusional... I may not argue for a dramatic R/V, but I find fun in arguing against a R/D.

Just how you find fun in arguing against a R/V... And the fact neither has happens lets us continue this debate.

 

Wasn't trying to justify a R/V w/ the BTC example. As I have stated in previous posts & topics the example is simply provided to show vast appreciation over a short-term time.

 

Basically that they "can" exist, but obviously are rare.But if I had purchase/speculated in BTC instead of IQD, I wouldn't really be here speculating anymore as the ROI % would lead me to no longer care.

Jumped into the "wrong" speculation.... Oh well -

No they cannot exist. Not with real currencies. Especially hyperinflated ones.

[dontlop]

just demonetized swiss dinars can

boil

[Brazen]

just demonetized swiss dinars can

boil

Demonitized by who? Saddam? Yeah only the currency with his face on it had value huh? Haha....you still have failed to show how the swiss dinar RVed. Instead you just keep yapping that it did while everyone proves you wrong.

Maybe you can jump back on the Bitcoin bandwagon and go on and on with long winded post about that for a while since you have failed at convincing anyone of the swiss dinar RV.

[keepmwlknfny]

just demonetized swiss dinars can

boil

Dontlop.....you do realize that back then and even in present time, the CBI and the Kurdistan region are practically two seperate entities as far as the banking sector....

 

They still do not report its balances and audits to the CBI...they have no clue what they hold....

 

As far as back in the day, yes Saddam had control of the CBI and he deemed them non legal tender, but the Kurdistan region went against those wishes and continued to use the swiss dinar. 

 

So when the CPA came in to control the currency exchange for the current dinar, they acknowledged that the Kurdistan region was using their own currency and let them participate in the exchange for new dinar.

 

Do you think it would have been logical for the CPA to tell the entire Kurdistan region that they are SOL and every dinar they hold is worthless and cannot be exchange for anything? Basically telling the whole region they have not one dime to their name.......

[dontlop]

.. ill post it if ya want .. it says the swiss dinar  was  not legal tender . im sorry you dont want to know what legal tender is

 

 it was not  any good for exchange at the cbi for 13 years .. the onnly thing that supported  it was market value .. i get it ..

 

so now explain the kuwaiti dinar and its market value  of less than 10 cents per dinar  ..  then its over night revaluation over  3 dollars

 

 either the market rates determin its  value or it doesnt ..

 

either the central bank sets its value or it doesnt ..

 

 the swiss dinar and the  kuwaiti dinar contradict each other ..  .. one of the two over night revalued 

 

 we know  the central bank of kuwait  never changed its rates of the kuwaiti dinar .. and we know the cbi did change its rates for the swiss dinar ..

 

and you say im diliberatly dishonest .. what is dishonest ?

 

 or are you the one whos dilebertly being dishonest .. ill agree one of us is dilibertly being dishonest

 what is dishonest about what i posted ..?

[Brazen]

That's seems pretty logical Keepem.....I am not sure Dontlop will understand it.

[dontlop]

Dontlop.....you do realize that back then and even in present time, the CBI and the Kurdistan region are practically two seperate entities as far as the banking sector....

 

They still do not report its balances and audits to the CBI...they have no clue what they hold....

 

As far as back in the day, yes Saddam had control of the CBI and he deemed them non legal tender, but the Kurdistan region went against those wishes and continued to use the swiss dinar. 

 

So when the CPA came in to control the currency exchange for the current dinar, they acknowledged that the Kurdistan region was using their own currency and let them participate in the exchange for new dinar.

 

Do you think it would have been logical for the CPA to tell the entire Kurdistan region that they are SOL and every dinar they hold is worthless and cannot be exchange for anything? Basically telling the whole region they have not one dime to their name.......

nope and they didnt ..they remonetized it and the cbi revalued it

so i gues the bit currencys are not legal tender either .. so if the us dollar devalues and the bit coins are worth 30 dollars online they should be monetized and exchanged at 30 times the value of the dollar .. even though they are not legal tender

heck lets just start many different currencys  and we will declare its value ourselves .. 

forget the treasury and the federal reserve.. we can do it ourselves

legal tender ...beagal blender

[Brazen]

Please show us where the CBI revalued the Swiss dinar Dontlop. You are lying and hoping as long as you say the lie enough that your victims will believe your pump.

[keepmwlknfny]

nope and they didnt ..they remonetized it and the cbi revalued it

There was no revalue of the swiss dinar....

 

The CPA order directed the exchange process, set it up, and laid out the exchange ratios for all the different currencies.....

Straight from the department of defense website......

 

 The current print dinars will be exchanged at a one-for-one rate with the new Iraqi dinars.  This rate was reflected in an effort to make the exchange as smooth as possible and protect the Iraqi people from being confused and defrauded by unscrupulous people seeking to take advantage of the situation.  The older, pre-1990 currency, known as the Swiss dinar, will be exchanged at a rate of one Swiss dinar to 150 new dinars.  This exchange rate reflects the difference in buying power for an average basket of goods in the northern, Kurdish region that continued to use the Swiss dinar after 1990, and the rest of the country, which moved to the print dinar.

 

So it seems they did take into account the current market rate for the swiss dinar in determining the exchange ratio for the new dinar....