DinarThug Posted July 7, 2013 Report Share Posted July 7, 2013 CNN. Broadcasting While Trying To Get The Knot Out Of The Velcro Laces On My Clown Shoes ! Stryker Blog Update 07/07/20130 Since we are seeing so many delete zero articles I thought it fitting to blog about them and try to give clarity to the zero controversy. We have only seen a handful of these articles in the last 5 months or so and now in the last few days they are coming out of the woodwork. In Iraq, like here, we see controversy over what they mean. Are they going to do what Turkey, Lebanon, Russia and other countries have done in the past and just re-denominate their currency by making the 25,000 dinar note become 25 dinars without giving it any more purchasing power? ‘ Or is their intention to raise the purchasing power by giving the dinar a new exchange rate rather then just deleting the zeros? ... First of all none of these other countries had the perfect conditions that Iraq has, 23 years of UN sanctions that have just been lifted, 5th largest Oil Reserves in the world and some studies have it closer to the second largest. 11th largest natural gas reserves and this could be much higher as well. ‘ Iraq has huge rock sulfur reserves, estimated to be among the largest in the world and is exploited at Mishraq, near Mosul. Their phosphate production that started in 1980 is used in a large fertilizer plant at Al-Qāʾim. Others included salt, steel, construction materials including stone and gypsum from which cement is produced and all are plentiful. Untapped Gold, producing copper minds and many other mining resources give Iraq the potential of being one of the wealthiest countries in the world and even the White House said earlier this year that Iraq will be the fastest growing economy in the world in 2013. We are seeing this right now with over 164 companies registered already this year bringing in billions in capital. Now does Iraq want to do what all these other countries have done and reduce their banknotes by three zeros just to ease currency transactions in the market place or do they want to spend the $175 million dollars that it takes to do this and give their currency more purchasing power at the same time? Well, let us take a look at a few quotes from a few of these articles to answer this question: Quote: there shall be the exchange rate of the dinar against the dollar (1300) or (1200) Iraqi dinar, that this price is when the balance was $ 10 billion, and today the balance of sovereign Iraq (76). Quote: Central Bank required that there be a new price against the dollar Quote: there must be a real rate of the Iraqi dinar Article: Member of the Committee: on the Central Bank to determine the price of new Iraqi dinars before the old Laar Here are a few more from another article: Quote: to be of the Iraqi dinar purchasing power big match dollar Quote: the value of the Iraqi dinar toward climb to more power because we passed the bottleneck Quote: steps to strengthen the Iraqi dinar by turning the Iraqi market to a promising market Article: Abdul Salam al-Maliki: the government will take urgent steps towards strengthening the Iraqi dinar LINK and another LINK http://www.almasalah.com/ar/news/13795/%D8%B9%D8%A8%D8%AF-%D8%A7%D9%84%D8%B3%D9%84%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%83%D9%8A-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%B3%D8%AA%D8%AA%D8%AE%D8%B0-%D8%AE%D8%B7 http://www.microsofttranslator.com/bv.aspx?from=ar&to=en&a=http%3A%2F%2Fwww.burathanews.com%2Fnews_article_201940.html When the Iraqi Dinar value was last internationally recognized it was valued at $3.22 dollars per 1 dinar in the late 80’s, their oil production was 1.5 million barrels per day and now it is over 3 million. They only had $30 billion in CBI reserves and now it is $80 billion and more by the end of this month according to articles. Their population was not much less, so the only real difference between then and now is that their currency in circulation was 25 billion dinars compared to 30 trillion but this amount is controversial in itself due to the CBI not reporting an update in almost a year now and since 2011 they have been saying that they want to reduce that to 25 billion in the local market. Dr. Shabibi said in a public announcement dated July 22, 2011 that starting July 1, 2011 they were going to start removing the zeros, was he talking about from in circulation or was he saying that they were deleting the zeros? Well, we know that it wasn't the zeros so I say it was from in circulation. There have been many articles that state that the dinar is very worn out and that there is very low liquidity of dinar in the local market so I’ll leave that answer up to you. We have also read that the CBI has wanted to reduce the amount in circulation to 25 billion from over 30 trillion so if they have been reducing it in country to this I say that it only makes since that these economist are now saying the time is right. Folks, I am using my educated guess and saying that Iraq has the most undervalued currency in the world and that they and we want the CBI to show us the real value and I believe they are close to do this. Our percentages of a windfall have just improved by Chapter VII release and with each day getting closer to Iraq emerging back into International Status. A few more supporting links: https://en.wikipedia.org/wiki/Oil_reserves http://en.wikipedia.org/wiki/List_of_countries_by_natural_gas_proven_reserves Happy Sunday, July 07, 2013 Stryker 11 1 Link to comment Share on other sites More sharing options...
tedro Posted July 7, 2013 Report Share Posted July 7, 2013 It's all positive.......have to go with Stryker !! 2 Link to comment Share on other sites More sharing options...
calkid11 Posted July 7, 2013 Report Share Posted July 7, 2013 Yes I agree with him too. 1 Link to comment Share on other sites More sharing options...
BJinMontreal Posted July 7, 2013 Report Share Posted July 7, 2013 CNN. Broadcasting While Trying To Get The Knot Out Of The Velcro Laces On My Clown Shoes ! ... Ah ... those AREN'T your clown shoes there buddy ... You've really got to learn to remember to control your partyin' ... Those are part of yer "get down tonight' party-wear !!! 3 Link to comment Share on other sites More sharing options...
stealthwarrior Posted July 7, 2013 Report Share Posted July 7, 2013 I am thinking that direction also.removing 000 does nothing for your country.yes it looks great on paper but in all reality nobody will do any serious business with your country.plus you can't take 3 zeros from a fifty.hahaha 1 Link to comment Share on other sites More sharing options...
PD46 Posted July 7, 2013 Report Share Posted July 7, 2013 LOL. This is how I have sometimes pictured Okie! 1 Link to comment Share on other sites More sharing options...
millionaire in training Posted July 7, 2013 Report Share Posted July 7, 2013 Thank you....... 1 Link to comment Share on other sites More sharing options...
EagleEye Posted July 7, 2013 Report Share Posted July 7, 2013 Ah ... those AREN'T your clown shoes there buddy ... You've really got to learn to remember to control your partyin' ... Those are part of yer "get down tonight' party-wear !!! Put on your high-heel sneakers !! 1 Link to comment Share on other sites More sharing options...
DinarThug Posted July 7, 2013 Author Report Share Posted July 7, 2013 Those are part of yer "get down tonight' party-wear !!! Wow ! Black Really Does Make U Look Slimmer ! 2 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted July 7, 2013 Report Share Posted July 7, 2013 Thug...you are awesome about bringing this stuff over....and sooo appreciated....but I would like to hear your opinion.....what do you think the rate will be....and what is the date you think it will happen..... Peer Pressure....we want to know!! 3 Link to comment Share on other sites More sharing options...
Nelg Posted July 7, 2013 Report Share Posted July 7, 2013 Good article and well put. Excellent articles being put on the forums! Really makes one think the RV is just around the corner. 1 Link to comment Share on other sites More sharing options...
DinarThug Posted July 7, 2013 Author Report Share Posted July 7, 2013 Thug...you are awesome about bringing this stuff over....and sooo appreciated....but I would like to hear your opinion.....what do you think the rate will be....and what is the date you think it will happen..... Peer Pressure....we want to know!! Ch 7 Done - HCL On Ice - Clownie Sez The Champagne Is Ready To Pop And A Dollah' Would Be Nice ! 2 Link to comment Share on other sites More sharing options...
keepmwlknfny Posted July 7, 2013 Report Share Posted July 7, 2013 Thanks thug for the entertainment....... Stryker needs to start over from.scratch with this post.... 5 7 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted July 7, 2013 Report Share Posted July 7, 2013 Ch 7 Done - HCL On Ice - Clownie Sez The Champagne Is Ready To Pop And A Dollah' Would Be Nice ! :D Love the way you think Thugmeister!!!! I happen to totally agree....The first bottle of wine is on me!!!! 2 Link to comment Share on other sites More sharing options...
zigmeister Posted July 8, 2013 Report Share Posted July 8, 2013 Why do clowns always get the good stuff? 1 Link to comment Share on other sites More sharing options...
BJinMontreal Posted July 8, 2013 Report Share Posted July 8, 2013 Ch 7 Done - HCL On Ice - Clownie Sez The Champagne Is Ready To Pop And A Dollah' Would Be Nice ! :D OK ... Now your tryin' to get funny, Puttin' a value on that dinar money. And yer poetry, 'twas a tad bit short, So I'll serve it right back - into your court. How 'bout you just leave the rhymin' to me, And I'll leave the reportin' to CNN Clownie. 2 Link to comment Share on other sites More sharing options...
PBRL Posted July 8, 2013 Report Share Posted July 8, 2013 thanks for the blog post Stryker, thanks for posting DT. Always good to hear some positive thoughts and feedback from you guys. Hopefully soon will can see some real action towards an RV. then I'm off to Maui *laughs* 2 Link to comment Share on other sites More sharing options...
Shick Posted July 8, 2013 Report Share Posted July 8, 2013 Thanks Stryker haven't been on post for a while and it's good to comeback reading some good rather than bad news. Peace! 1 Link to comment Share on other sites More sharing options...
sandfly Posted July 8, 2013 Report Share Posted July 8, 2013 THANKS 1 Link to comment Share on other sites More sharing options...
ronscarpa Posted July 8, 2013 Report Share Posted July 8, 2013 Good post D.T. - Thanks for bringing this over - it's a worthwhile read & much appreciated RON 1 Link to comment Share on other sites More sharing options...
mr john Posted July 8, 2013 Report Share Posted July 8, 2013 Wasn't the dinar worth $3+ in Iraq as it was illegal to take it out of Iraq?? Maybe my memory is wrong. Link to comment Share on other sites More sharing options...
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