My Take

[dontlop]

what was the official  exchange rate ? 150 to one .. you know that .. you posted it a couple times .. afther the invasion .. they selected an  official exchange rate of 150 to 1 in 2003 .. .. what was the official  exchange rate before the invasion ..

 

 i forgot you cant use the words official exchange rate ..

 

 post the official  exchange rate for the swiss dinar  in 2002

there was no official exchange rate for the swiss dinar before the invasion .. rvtoday please .. posted that for ya ...

 

the swis dinar was demonetized for 13 years .. ask rvtoday .. or just simply go back and read his posts .. it was demonetized and had no official exchange rate .. they rvd it  after the invasion

[Brazen]

what was the official  exchange rate ? 150 to one .. you know that .. you posted it a couple times .. afther the invasion .. they selected an  official exchange rate of 150 to 1 in 2003 .. .. what was the official  exchange rate before the invasion ..

 

 i forgot you cant use the words official exchange rate ..

 

 post the official  exchange rate for the swiss dinar  in 2002

there was no official exchange rate for the swiss dinar before the invasion .. rvtoday please .. posted that for ya ...

 

the swis dinar was demonetized for 13 years .. ask rvtoday .. or just simply go back and read his posts .. it was demonetized and had no official exchange rate .. they rvd it  after the invasion

You mean no official exchange rate because Saddam refused to accept that the Kurds used another currency other than his? So since Saddam didn't recognize it you say it had no official exchange rate. However it did have a official exchange rate in Kurdistan. Please prove that it did not.

Since you cant, you cannot show that the swiss dinar RVed which it never did official exchange rate or not.

Everyone knows the swiss dinar didn't RV. You just need to keep the illusion alive.

You see it doesn't matter to you what is true and what is not. What matters to you is that people believe your garbage maybe true. That is all that is needed in dinar delusion land.

[Flatbush Zombies]

dontlop is not arguing this point because of a strongly held belief. He is arguing it to enjoy his own writing on the screen.

And now those dinar they exchanged for dinar are worth almost nothing.

I agree that he knows he's wrong but he's keeping up this nonsense for his own amusement. That's why he always has to have the last say that will say he's right we're wrong without showing why we are wrong or why he is right. According to easy rider, he would be considered a Internet troll.

No one believes this guy after this thread. This thread exposed him and anyone that would read this thread in context would clearly see who's lying here. We know his agenda. It's very clear what he's doing

You mean no official exchange rate because Saddam refused to accept that the Kurds used another currency other than his? So since Saddam didn't recognize it you say it had no official exchange rate. However it did have a official exchange rate in Kurdistan. Please prove that it did not.Since you cant, you cannot show that the swiss dinar RVed which it never did official exchange rate or not.Everyone knows the swiss dinar didn't RV. You just need to keep the illusion alive.You see it doesn't matter to you what is true and what is not. What matters to you is that people believe your garbage maybe true. That is all that is needed in dinar delusion land.

Excellent post. He's a proven liar and no one should take him serious after this thread. Sadly, some will stick their heads in the sand because ignorance is bliss.

[dontlop]

yes i mean no official exchange rate .. by saddam .... i never said i liked it or suppported it .. actually i support the rv of the swiss dinar ..

 

there is no kurdistan ..its all iraq ... saddam ruled with an iron fist .. he wasnt a pansee .

 

 saddam would role right into northern iraq and he ruled it like he ruled the south and thse sunni triangle ..

 

 im glad they rvd the swiss dinar .. the people in the north were our allies  during the invasion .. they are doing much better because of it .. northern iraq has progressed much faster since the rv .. they got 150 to one   swiss dinar ..they had plenty of cash to jump start the rebuilding process in northern iraq ..they were years ahead  of bagdad  halfway through the war ..they cooperated ..

[Flatbush Zombies]

yes i mean no official exchange rate .. by saddam .... i never said i liked it or suppported it .. actually i support the rv of the swiss dinar ..

 

there is no kurdistan ..its all iraq ... saddam ruled with an iron fist .. he wasnt a pansee .

 

 saddam would role right into northern iraq and he ruled it like he ruled the south and thse sunni triangle ..

 

 im glad they rvd the swiss dinar .. the people in the north were our allies  during the invasion .. they are doing much better because of it .. northern iraq has progressed much faster since the rv .. they got 150 to one   swiss dinar ..they had plenty of cash to jump start the rebuilding process in northern iraq ..they were years ahead  of bagdad  halfway through the war ..they cooperated ..

Wrong...they never RV'd the dinar. No one believes you

[dontlop]

it was all iraqs currency .. iraqi govt had the right to demonetize its   swiss dinars .. that "because they used another currency"  doesnt fly . it was saddams currency as a dictator of iraq .. . they can use monoply money if they want  but it will  not be legal tender and will not have an official  exchange rate  from the cbi or the iraqi govt .. since it was the iraqi govt who demonetized it

[Brazen]

So you cannot prove that the Swiss Dinar didn't have an official exchange rate in Kurdistan? It was widely used for years so that tells me there was and you are wrong.

[dontlop]

 ..  the government  and or the central bank sets official  exchange rates for countrys  not a region  or a town .. the govt or cbi .. its not that hard to understand

 

does the us have a different official exchange rate for its legal tender  in arizona  than it does in wyoming .?

 

 i thought you  at least knew who sets official exchange rates .. ive posted it here on this thread  a half a dozen times .. it proves your not interested in learning the truth ..

 

So you cannot prove that the Swiss Dinar didn't have an official exchange rate in Kurdistan? It was widely used for years so that tells me there was and you are wrong.

 what you refer to as kurdistan .. is iraq ..

Edited April 3, 2013 by dontlop

[boomer113189]

Post war

Following the 2003 invasion the Coalition Provisional Authority, installed by the Coalition Forces, determined that Iraq needed a new, unified currency, but establishing a proper exchange rate was relatively difficult. The market exchange rate for Saddam to Swiss dinars remained around 100:1 from 1998 to January 2002, but as the invasion ensued, the Kurdish currency appreciated to 300:1, and subsequently fell to 250:1. After further investigation, the Coalition Provisional Authority determined that it would be best to equate the two currencies by Purchasing Power Parity, which was around 100:1. After researching further, the Coalition decided to adopt an official rate between the market rate and the PPP rate, officially pegging the currency at 150 Saddam dinars per Swiss dinar.

There were two proposed methods to unify the currencies. The first would be to print a new set of Swiss dinar notes and distribute them among the south. However, this would result in 80% of the population needing to exchange the Saddam notes for Swiss dinars. Since printing more Saddam notes was not politically favored, after consulting with a currency expert, the Coalition decided to alter the Swiss plates to the Saddam denominations. This would allow the least amount of currency exchange, but also take Saddam's photo off the currency. The new Swiss currency was created in a different color to differentiate from the old currency.

Reportedly, the exchange was relatively swift and without incident, with the exception of two failed attacks on currency envoys

[dontlop]

yep there it is again the market rate ..  // no official rate

 

 this whole swiss dinar rv thing is nothing more than proof theres room for speculation .. and peoples opinions   speculations should not be attacked ..   you got your view . others have theres .. i gues if we want to fight about it we  must come to the  lopster forum ..

 

 i suppose someone wants to agure about that too .

they did adopt the official rate of exchange after the invasion .. because their was no official rate before the invasion of the swiss dinar.. it was not legal tender

Edited April 3, 2013 by dontlop

[Brazen]

So how many millionaires were created during your "RV"? Hard to see how any would be created seeing how the value of the swiss dinar never changed. So we have a massive RV that you claim occurred and nobody got rich. Strange.

Are you going to spout off the official exchange rate ignorance some more?

Why don't we talk about the official exchange rate of the Iraqi Dinar that is at 1160? Or is that a program rate? Or pretend rate? Or fake rate? Or mystery rate imposed by the IMF?

[dontlop]

So how many millionaires were created during your "RV"? Hard to see how any would be created seeing how the value of the swiss dinar never changed. So we have a massive RV that you claim occurred and nobody got rich. Strange.

Are you going to spout off the official exchange rate ignorance some more?

Why don't we talk about the official exchange rate of the Iraqi Dinar that is at 1160? Or is that a program rate? Or pretend rate? Or fake rate? Or mystery rate imposed by the IMF?

now i understand why you are locked up in the lopster forum .

 

the official exchange rate of the swiss dinar rvd from less than .0000000000000000000000000000001 dollar per swiss dinar ..//.. to 150 bremmers for one swiss dinar after the invasion ..

 

 do we need to go back and revisit the kuwaiti dinar and why technically it is concidered to have not rvd .. because the official exchange rates  never changed ..like they did with the swiss dinar ?

Edited April 3, 2013 by dontlop

[Brazen]

So the Swiss dinar Rved from zero to 150 and no one made money? how is that possible Dontlop?

[dontlop]

you tell me how the north of iraq rebuilt so fast if no one made money ..

1. you are the one stating no one made money .. back it up

[Brazen]

How did they make money? They exchanged for the same value that it was the day before. Are you now going to make up a lie that they exchanged for more when they didn't?

So no one made money then there was no RV just like we have all been saying while you have been spinning for 6 pages.

[dontlop]

you swear by the numbers at the cbi .. yet you have no numbers  accounting  for with the swiss dinar ..you just read a paragraph as to what an unelected colition govt  says ,, and call it gold

 

  the same ones who by decree  gave the demonetized  swiss dinar its value  .. it magically had value   because of the market value according to  some politition ..but the market value doesnt count for kuwait    when ya say the kuwait dinar never revalued

 

 market value only counts in your books when you feel like it does or doesnt

[Brazen]

you tell me how the north of iraq rebuilt so fast if no one made money ..

• you are the one stating no one made money .. back it up

Are you suggesting that a 150 times RV was hidden from the public?

I am going to answer that question for you. YES.....you are suggesting that because you are a doing everything possible to push your agenda.

you swear by the numbers at the cbi .. yet you have no numbers  accounting  for with the swiss dinar ..you just read a paragraph as to what an unelected colition govt  says ,, and call it gold

 

  the same ones who by decree  gave the demonetized  swiss dinar its value  .. it magically had value   because of the market value according to  some politition ..but the market value doesnt count for kuwait    when ya say the kuwait dinar never revalued

 

 market value only counts in your books when you feel like it does or doesnt

So how many people made money from the Swiss Dinar RV? None?

That's right

[dontlop]

your back to square one  the swiss dinar had no official  exchange rate .. and it was officially  revalued to 150  bremmers to one swiss dinar in 2003 based on  a polititions  in northern iraq who hated the rest of iraq and wants to be its own country .. whos people were executed by wmds from a tyrant dictator .

 

 thats your books

[Brazen]

your back to square one  the swiss dinar had no official  exchange rate .. and it was officially  revalued to 150  bremmers to one swiss dinar in 2003 based on  a polititions  in northern iraq who hated the rest of iraq and wants to be its own country .. whos people were executed by wmds from a tyrant dictator .

 

 thats your books

So how did they have a 150 times RV and no one made money?

[dontlop]

brazen you lost as your other buddies did .. you have no information you just have a pile of redundant questions that you ask over and over ..  you do know what redundancy  means dont cha ..

 

any way .. when you can produce the  official exchange rate for the swiss dinar before the invasion and after ..and prove to me their wasnt a rv .. ill go ahead and  and  accept that , but until then your  history ..

[Brazen]

brazen you lost as your other buddies did .. you have no information you just have a pile of redundant questions that you ask over and over ..  you do know what redundancy  means dont cha ..

 

any way .. when you can produce the  official exchange rate for the swiss dinar before the invasion and after ..and prove to me their wasnt a rv .. ill go ahead and  and  accept that , but until then your  history ..

Wait a minute...you are the one saying that the Swiss dinar RVed by 150 times yet you will not acknowledge that anyone made money on the RV. Why is that? How could there have been a RV that no one profited from official exchange rate or not? Are you going to answer the question or are you going to admit that the Swiss Dinar never Rved?

[dontlop]

how many dollars were they buying with those swiss demonetized dinars ..

[Brazen]

Huh? Another conspiracy? The Swiss dinar was worth the same before and after the exchange so where is your RV? Answer the questions or run back to fantasy land. How many people made money?

[hame55]

sure it rvd

 

no doubt ..

 

 everything is written in stone ... theres no way to skirt the legalities here

 

 iraq is no different .

  so when others speculate and those nay sayers  quote all the legalities and declare all the legalities as to why the iraqi dinar cannot rv ... i can always show them that thats just a technical difficulty and point to the rv of the swiss dinar  . and they too can learn about skirting the legalities ..

 

 yes the swiss dinar revalued from zero official  rate to 150 bremmers to one non legal tender demonetized  swiss dinar which had zero official exchange rate before the exchange

 

yall sure did help by avoiding the terminology ";official rate"; during this entire debate .. you cannot deny the truth .. therefore you cannot  use the words  ";official exchange rates";  when  defending your positions ..thanks again

 

see yall defending the kuwaiti  exchange rates by saying the official rates of their  kuwaiti dinar never changed  means you cannot use the official rates to defend yourselves  on the swiss dinars rv ..since the oficial exchange rates for the swiss dinar was zero  as per the govt of iraq .. 

nice job on this one LOP - logic holds

[Darin]

This Swiss debate has been played out & debated to death, either way, here is my $0.02

 

The Iraqi Govt. decided the Swiss Dinar was no longer legal tender. - Fact

The money supply became stagnant as it was no longer printed - Fact

The Iraqi Govt preferred use of the Saddam dinars over the Swiss dinars

The Kurdistan region still used the Swiss as they were politically isolated.

 

The Swiss dinar, which was still used in the north did "appreciate" over time as the Saddam dinar was becoming inflated.

For the longest time, 98-02, the market rate was roughly 100:1, and peaked at about 300:1 during the invasion.

 

Did hoarders become millionaires? Likely not - however, those that held or hoarded stood the opportunity to triple their worth due to the appreciation as high as 300:1.

If they hoarded during the market rate of 100:1 until the new release of the national currency, they came out basically at 150:1.

 

At a peak of 3 times its worth from 100:1 or simply the 150:1, we would be foolish to say that no body didn't make money if they were hedging against the Saddam dinar.

 

Did it make some extremely rich? Probably, but not many, and if so, not enough that it created any fanfare.

 

It would be similar to the Kuwaiti situation... Those who bought during a plummet of the market rate and hoarded likely made profits.

Huh? Another conspiracy? The Swiss dinar was worth the same before and after the exchange so where is your RV? Answer the questions or run back to fantasy land. How many people made money?

It wasn't always worth the same when paired to the Saddam dinars... As the Saddam dinars became inflated, the disparity between the pairing favored the Swiss Dinar.

 

So, if you acquired Swiss when it was 100:1 than spent it when it peaked at 300:1, you now basically were able to purchase 3 times the amount of goods based upon the pairing (market exchange rate)

Not bad if someone decided to hoard their Swiss if they believed the Saddam dinar was becoming overly inflated...

Wait a minute...you are the one saying that the Swiss dinar RVed by 150 times yet you will not acknowledge that anyone made money on the RV. Why is that? How could there have been a RV that no one profited from official exchange rate or not? Are you going to answer the question or are you going to admit that the Swiss Dinar never Rved?

It would really depend on the mindset you have.. If you were in Baghdad and held Swiss dinars after they were consider no longer legal tender.. To that person, the Swiss dinars were virtually useless. As the new IQD was released and the Swiss dinar was allowed to be exchanged, I would be ecstatic as what once lost its value has now been re-gained. So something that was "once worthless" now has value again.