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Are they talking about removing 35 trillion in dinar out of circulation ?


dontlop
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Well sandstorm I already conceded that the Swiss dinar wasn't completely demonetized

I did some rerearh after fs4 enthusiasts said the Swiss dinar was not demonetized

I found only the 25 Swiss note was demonetized

The number I gave a month or two ago was based off the Swiss dinar being demonetized to 6 cents

And I didn't say a trillion percent

I said trillions of percent followed up with a question

What would the percent be if it rvd from zero to 6 cents

We know if the dinar rvd from .00086 to 3 dollars it would be like 300,000 percent

So the Swiss would be more than that

And I used an example of a number that's higher than zero

Like .0000000000000000000000000000000000000000000001 rving to 6 cents

That's still higher than zero

I went on to say the number is infinate

But you come out and lie and say I just made a blanket statement that the Swiss dinar rvd a trillion percent

That shows your lack of credibility Answer the question sandstorm

Could they go to the cbi before October 15 2003 and get 150 times the IQD official exchange rate for the Iraqi Swiss dinar ?

so you could walk around and take stuff for free. i like that 0.00000 exchange rate.

getting back into the opinions, much better.

Edited by sandstorm
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go on over to dd, im sure theyd love correct you

your not supposed to be advertising other dinar sites here sandstorm

Again this shows your complete dis reguard for this web site and your inability to understand the rules or you just can't read with understanding

Hey sandstorm

Could they go to the cbi before October 15 2003 and get 150 times the IQD official exchange rate for the Iraqi Swiss dinar ?

How about you keep

Could they go to the cbi before October 15 2003 and get 150 times the IQD official exchange rate for the Iraqi Swiss dinar ?

Edited by dontlop
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This question is irrelevant.....the CBI didnt accept it, nor was it the CBI that made the decision to accept it after.

Did the Kurds get more money for their dinar the day of the exchange vs the day prior?

No....they didnt....for the hundreth time they got the same value as they were using it as.

Topic closed....dontlop you and DB are now labeled RV rejects for not being able to understand simpleIinformation. You serve no purpose down here or to this site except for pushing false ideas and fraudulent information as fact.

Has your dinar RVd yet? Lol.....or are they waiting for the UK bankers to push the button?? Or how bout for all their oil to be monetized to back the dinar that doesnt give them any better value thrn what they have now? Haha

How long have you held your dinars for keepem  or have you truly sold em all and your a fully fledged lopster now and no longer on the fence 

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The Swiss dinar and the saddam dinar were not exchanged IQD to IQD

It was IQD to the NID then back to the IQD after the original IQD was demonetized

It was not a one to one exchange

Only the saddam notes were one to one exchange

The Swiss was 150 to one

All three currency's were legal tender during the exchange and were fully convertable

They were all pegged to the dollar

The saddam note and the NID were equal in exchange rate to the dollar

But the Swiss dinar exchange rate was 150 times higher than both of them

The question that the lopsters cannot answer is the key

Could they go to the cbi before October 15 2003 and get 150 times the IQD official exchange rate for the Iraqi Swiss dinar ?

If not that means the Swiss dinar was revalued

That's why they refuse to answer the question

The Swiss dinar and the saddam dinar were not exchanged IQD to IQD

It was IQD to the NID then back to the IQD after the original IQD was demonetized

It was not a one to one exchange

Only the saddam notes were one to one exchange

The Swiss was 150 to one

All three currency's were legal tender during the exchange and were fully convertable

They were all pegged to the dollar

The saddam note and the NID were equal in exchange rate to the dollar

But the Swiss dinar exchange rate was 150 times higher than both of them

The question that the lopsters cannot answer is the key

Could they go to the cbi before October 15 2003 and get 150 times the IQD official exchange rate for the Iraqi Swiss dinar ?

If not that means the Swiss dinar was revalued

That's why they refuse to answer the question

Edited by dontlop
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dontlop, as you well know, you couldn't exchange anything at the CBI before or after October 15, 2003. Your whole argument is a red herring.


The entire discussion is completely irrelevant. The situation with the Swiss dinar was a unique, one-time event because of an odd situation where one region of a county kept using the old notes. It has absolutely no relevance to any potential modern RV of the current Dinar. dontlop keeps hammering on his theory because he has nothing substantive to say.

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your not supposed to be advertising other dinar sites here sandstorm

Again this shows your complete dis reguard for this web site and your inability to understand the rules or you just can't read with understanding

Hey sandstorm

Could they go to the cbi before October 15 2003 and get 150 times the IQD official exchange rate for the Iraqi Swiss dinar ?

How about you keep

Could they go to the cbi before October 15 2003 and get 150 times the IQD official exchange rate for the Iraqi Swiss dinar ?

The question is irrelevant.....the CBI itself did not accept the swiss dinar before that, nor was it their decision to accept it afterwards. So if the central bank of Iraq didnt accept it, how could it of been revalued??

It didnt....the kurds got the same value for their dinar as they had been using it. Unless your gonna tell me that everything was free in kurdistan region and you coukd just walk around and take anything you wanted cause the swiss dinar had zero value....lol.....you make about as much sense as okie explaining how the RV is gonna work....

http://www.casi.org.uk/info/cpa/20031015_CPAORD43.pdf

Lopsters read the link above

what dontlop is saying is undisputable

Its very disputable......there was no RV of the swiss dinar....dont dumb yourself down anymore then you have, you might not be able to recover....

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Now your saying the cbi didn't accept the IQD at the cash window at the cbi

Wow

What will you come up with next

http://www.casi.org.uk/info/cpa/20031015_CPAORD43.pdf Lopsters read the link abovewhat dontlop is saying is undisputable

They read it they try to pretend it doesn't exist

To the scam artists

The Swiss dinar is IQD

Are you saying the cbi issues currency that they themselves won't accept ?

Wow you guys are smart to figure all that out

Answer the question

Don't write your own question and beat around the bush

Could they go to the cbi before October 15 2003 and get 150 times the IQD official exchange rate for the Iraqi Swiss dinar ?

http://www.casi.org.uk/info/cpa/20031015_CPAORD43.pdf Lopsters read the link abovewhat dontlop is saying is undisputable

Section 5 on the link is the new official rates as of October 15th 2003

Edited by dontlop
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Lobster is a sea crustaceans kind of like a water version of the cockroach. When you put your foot down with some actual documents they scatter, change topics, or switch to a different forum post.

The new iqd was 3000:1 now it's 1167:1 under a controlled rate. It's not even considered an emerging economy yet because they are not a world traded recognized currency. This was done to help them re-build and make things cheaper for them to do so. People also use the USD there, they don't have very many ATMs or bank machines yet, and don't trust the banks.

Here's some simple current math for u lobsters cuz there's no money in iraq right?

3000:1 to 1167:1. That's a rv.

Take that profit and if you would have say bought tasc stock and got a 300% dividend check out of it. Now how much profit is that.

They plan on switching to a floating market rate and joining the world economy.

Very obviously they can't use the usd to do that, at some point they will need to use their own currency.

The buying power of 1167 to 1 isn't good for consumers, it's good for restructuring but at some point you need people to have the money to use the services you build. That's why people prefer to use the usd in iraq.

They are pulling notes off the streets, they have 4 billion notes they want to reduce to 1 billion notes. Btw if you didn't know this, they are not a emerging economy and don't have to put out their real numbers. Just like the USA doesn't have to put out the real number either (shadow stats.org) (the usdebtclock.org)

Each country is chooses how it reports.

The value hasn't changed when they pulled notes off the market, because they don't need to. And they don't need to tell us how many notes are printed either. It's a controlled rate.

If you need sources for all the above info, do 20 mins research it's all available.

Judging by sandstorms witness religious comment he's a sheep, part of the flock. Ask your Shepard what they think. Maybe they can reply to the questions I keep seeing not reply'd to and evaded.

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The question is irrelevant.....the CBI itself did not accept the swiss dinar before that, nor was it their decision to accept it afterwards. So if the central bank of Iraq didnt accept it, how could it of been revalued??

It didnt....the kurds got the same value for their dinar as they had been using it. Unless your gonna tell me that everything was free in kurdistan region and you coukd just walk around and take anything you wanted cause the swiss dinar had zero value....lol.....you make about as much sense as okie explaining how the RV is gonna work....

Its very disputable......there was no RV of the swiss dinar....dont dumb yourself down anymore then you have, you might not be able to recover....

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Did the Kuwaitis get the same value that they were using it as you say

5 cents

Or did they rv?

As they been using it

Wow where did you learn to speak so informatively

Just spit out the official exchange rates before and during the exchange period

They all were convert able at the exchange rate during the exchange period convertable for any use

Did the cbi back the Swiss dinar at 150 times the saddam note before the exchange period keep ?

Why duck the question ?

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Lobster is a sea crustaceans kind of like a water version of the cockroach. When you put your foot down with some actual documents they scatter, change topics, or switch to a different forum post.

The new iqd was 3000:1 now it's 1167:1 under a controlled rate. It's not even considered an emerging economy yet because they are not a world traded recognized currency. This was done to help them re-build and make things cheaper for them to do so. People also use the USD there, they don't have very many ATMs or bank machines yet, and don't trust the banks.

Here's some simple current math for u lobsters cuz there's no money in iraq right?

3000:1 to 1167:1. That's a rv.

Take that profit and if you would have say bought tasc stock and got a 300% dividend check out of it. Now how much profit is that.

They plan on switching to a floating market rate and joining the world economy.

Very obviously they can't use the usd to do that, at some point they will need to use their own currency.

The buying power of 1167 to 1 isn't good for consumers, it's good for restructuring but at some point you need people to have the money to use the services you build. That's why people prefer to use the usd in iraq.

They are pulling notes off the streets, they have 4 billion notes they want to reduce to 1 billion notes. Btw if you didn't know this, they are not a emerging economy and don't have to put out their real numbers. Just like the USA doesn't have to put out the real number either (shadow stats.org) (the usdebtclock.org)

Each country is chooses how it reports.

The value hasn't changed when they pulled notes off the market, because they don't need to. And they don't need to tell us how many notes are printed either. It's a controlled rate.

If you need sources for all the above info, do 20 mins research it's all available.

Judging by sandstorms witness religious comment he's a sheep, part of the flock. Ask your Shepard what they think. Maybe they can reply to the questions I keep seeing not reply'd to and evaded.

You need to keep reading and researchimg......do you understand how thet propose to reduce tge number of notes? And FYI no one is talking about the current dinar and its appreciation from 3000 to 1 to what it is now

Did the Kuwaitis get the same value that they were using it as you say

5 cents

Or did they rv?

As they been using it

Wow where did you learn to speak so informatively

Just spit out the official exchange rates before and during the exchange period

They all were convert able at the exchange rate during the exchange period convertable for any use

Did the cbi back the Swiss dinar at 150 times the saddam note before the exchange period keep ?

Why duck the question ?

We are talking about the swiss dinar genius....stay relevant.....

The market value for what thr kurds used it for did not skyrocket the day of the exchange. This is 1st grade stuff....get with it or stop talking....

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Can't answer a yes or no question

I

None of them can

Yes or no

Did the cbi back the Swiss dinar 150 times the saddam note before the exchange period in 2003 ?

Could you go to the cbi cash window and get 150 saddam notes for a Swiss dinar note before the exchange period in 2003 ? It's all electronic now since 2006

If like to see an Iraqi write a check for a hundred dinars before the exchange period

What do they just write Swiss dinar on the checks or do they write saddam dinars

And during the settlement process at the cbi how would they process the two iqds just based on a note on the check

Geez a IQD is a IQD

The central bank only had one official exchange rate until of course bremmer came along

Edited by dontlop
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I guess since the dollar goes a lot further in the country than it does in New York City

If they ever change our currency the country folk will get more for a USD than they would get for a USD in New York because the way they use it

The country folk would get two new dollars for one old dollar

And them from New York City will only get one new dollar for one old dollar

You know because the way they use it

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Lol

Ya I don't listen to lopsters

How come you don't answer my question ?

Was the Swiss IQD notes backed by 150 times the reserves as the saddam IQD notes before the exchange

How did they write checks in dinar unless all IQD had the same exchange rates ?

Did the Kuwait dinar rv since the value was increased from 5 cents to $3.45 overnight ?

Was the Swiss note official exchange rate always 150 times the saddam note ?

Do you know what official exchange rate means ?

Or is it you that's incoherent ?

Because you say something doesn't mean its a fact

Show me the two different official exchange rates before bremmers new official exchange rates on October 15th 2003

dontlop, it's with the greatest concern that I say to you that you need to get some therapy. You have become incoherent.

The above is for you

Please resolve this for us

Fib says its the official exchange rate that you go by

Keep says its the market rate for the Swiss dinar and the official exchange rate for the Kuwait dinar

No matter what the reason the Swiss dinar official exchange rate was revalued

It doesn't matter

If the official exchange rate changes it rvd

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Here ya go dontlop.

JRG SAYS...

"Dontlop's claim is that if the Swiss Dinar was never demonitized (and I have seen no docs that indicate that it was), then 1 IQD is 1 IQD, whether Swiss or Saddam, so then the Bremmer exchange would be a 150: 1 RV of the Swiss Dinar. No docs are needed, its quite easy to prove this can not have happened. The fallacy here is that clearly in the months prior to the Bremmer exchange you would not be able to go to a bank in the south and exchange Saddam Dinars for Swiss Dinars at 1:1 as the bank would not have had any Swiss dinar to exchange. An exchange rate is only meaningful if its actually offered, not just advertised (there were years after all where Saddam claimed the rate was 1 dinar to $3 USD, but in reality the CBI was exchanging 2000-3000 IQD for $1 USD).

We know that in the north Swiss Dinars were worth 150 or more Saddam Dinars in late 2003 just before the Bremmer redenomination. So if you could get Swiss dinars at 1:1 in the south and sell them for 150:1 in the north, for each such trip you make at least 100 times the initial amount. In 3 trips you make 1 million times your money, in 6 trips its a trillion times your initial money. So this never could have happened as it would have sucked all the wealth out of Iraq in just a few days. (In more technical terms I think this would be called a violation of the One Price Law in economics).

If the Swiss Dinars were allowed to continue in the south alongside Saddam dinars, they all quickly would find their way to the north where they could be sold for a profit. Since no new ones could be printed, as soon as they started to become more valuable in the north the entire stock available either from banks or in the market would move north. So by the time the Bremmer exchange came around there would long since be no Swiss Dinars available anywhere at 1:1 with the Saddam Dinar (I doubt there were any available at any price in banks in the south). So even if on Saddam's CBI books both notes were officially legal, if you can't actually get them it makes no difference. Again exchange rates are only meaningful if they are actually offered. The Swiss dinar essentially became a local currency for the north, and was then redenominated along with the Saddam Dinars using purchase price parity as the guide for value.

Dontlop also likes to say this shows reserves are not needed to back pegged currency as what was backing the Swiss at 150 times as much (as if they would need 150 times the reserves)? Well again its easy. Saddam printed at least 1000 times more currency, so by the time of the Bremmer exchange the Swiss Dinar represented at most 1/1000th of M0. So even at 150 times the rate that the Saddam dinars got in the 2003-2004 redenomination, that still is an increase to M0 of only 15%. Clearly there were sufficient reserves to back that.

The key limit for a pegged currency is reserves divided by the size of the money supply. Its the very definition of a pegged currency as one in which the entire market for the currency is sourced by the central bank instead of the market as with a floating currency. It can always fall below that (like what may have happened to the local spot price for the KWD when Saddam invaded). The Saudi's keep their rate about 3x below the limit, while Iraq's is only about 15% below. But it can never go higher than this. Can you imagine the stamped to the banks if the CBI were to announce that the new rate is 1 IQD for $1 USD, but oh by the way we will only be able to offer this rate to around 1/1000th of IQD holders and the rest will get 0 as then the CBI will be insolvent. Yea, that'l work! not.

No matter what anyone wants to call events around the KWD during and after Saddam's invasion, or the events with the Swiss Dinar and the Bremmer redenomination, the key fact is that at no time in any of these cases did any exchange rate for any of these currencies exceed reserves divided by the money supply. It won't do so for Iraq now or in the future either."

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That's funny

Thanks fib

Looks like someone thinks they were two seperate currency's

The sole authority to issue currency is the cbi

The cbi had one currency code IQD

Not two with two different rates

The official exchange rates for the IQD. Which includes all dinar was the same from 1959 issued Swiss dinar to the 1990 saddam notes all were IQD with the same exact official exchange rate. For the last 45 years up to October 15 th 2003

And then and only then was the official exchange rate changed for the Swiss dinar

I guess he doesn't understand what an official exchange rate is either

It's the rate that is guarenteed by the central bank and the govt of Iraq

There is no way saddam backed the Swiss printed version of the IQD with one cent more than the Iraqi printed version with his own picture on them

The rate changed after they overthrew the Iraqi govt and the CPA by decrees raised the official exchange rate 150 times stronger than the saddam note

Tell him to post the official exchange rates for the Swiss dinar any time before the rv in 2003 and if its different than the saddam official exchange rates have him post both rates

I guarentee all he will find is an official exchange rate for the IQD

I saw he sold his dinar a few months back and left dinar vets

So why is he concerned about a discussion about the Swiss dinar

That's like saying the 5 dollar bill is worth more than five one dollar bills

They are both dollars with currency code USD

When one is devalued the entire USD is devalued

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No matter how many people explain to dontlop the reality of what happened, he will be the only n person in the history of the world that will still believe that getting the same value for your currency is a revaluation. ......oh wait....guess we cant forget DB too....

No you will still be saying that getting 70 times increase in value overnight is not a revaluation

Of the Kuwait dinar

doesn't phase me any more than your 50 different explainations keep

It was you keep who said the Kurds had their own central bank and they backed up their own IQD

Now show everyone the two separate official exchange rates for the Swiss dinar before their really was two seperate exchange rates on October 15 th 2003

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