fib1618 Posted February 12, 2014 Report Share Posted February 12, 2014 .................... In another thread..Dinarbeliever said... "They will do the RV soon it's coming- April After the elections looks promising however they won't tell us it will just happen without warning" I will add another million dinar to my bet with you through April.... The current bet will continue past April till the end of the year. Just as I set it up. I tried to set a bet up with dontlop but he's afraid. 1 Link to comment Share on other sites More sharing options...
dinarbeleiver Posted February 12, 2014 Report Share Posted February 12, 2014 .................... In another thread..Dinarbeliever said... "They will do the RV soon it's coming- April After the elections looks promising however they won't tell us it will just happen without warning" I will add another million dinar to my bet with you through April.... The current bet will continue past April till the end of the year. Just as I set it up. I tried to set a bet up with dontlop but he's afraid. thanks fib 2,000,000 dinars wow go RV !!!!I defo take you for a fish supper if I win Link to comment Share on other sites More sharing options...
fib1618 Posted February 12, 2014 Report Share Posted February 12, 2014 thanks fib 2,000,000 dinars wow go RV !!!! I defo take you for a fish supper if I win Thanks for the entertainment. Lol .................... Someone in another thread wants to know if there is any correlation between the Congress & House passing the finance extension and the rv. 1 Link to comment Share on other sites More sharing options...
FS4Enthusiast Posted February 12, 2014 Report Share Posted February 12, 2014 (edited) Thanks smokey blizzard That definatly shows there was no official Exchange rate for the Swiss dinar till bremmer gave it one in 2003 Your article shows the official exchange rate went from zero to 150 times the saddam notes that did have an official exchange rate and as fib says It's all about the official rate Your right fib It's not about the Kurds market rate Odd that it discusses the Swiss dinar in such detail but doesn't mention that it RVd an infinite percent.Maybe because that notion is immensely idiotic. Edited February 12, 2014 by FS4Enthusiast Link to comment Share on other sites More sharing options...
FS4Enthusiast Posted February 12, 2014 Report Share Posted February 12, 2014 dontlop, I still can't figure out what your theory about the Swiss dinar has to do with the current dinar RVing. Could you make the connection? You turn every thread, regardless of the topic, into a debate about the Swiss dinar. Just ignore him. Even if he was smart enough to realize he's wrong, he'd never admit it. Link to comment Share on other sites More sharing options...
dontlop Posted February 12, 2014 Report Share Posted February 12, 2014 Its in black and white above if your to ignorant to understand plain English that's your parents fault not mine Link to comment Share on other sites More sharing options...
dontlop Posted February 12, 2014 Report Share Posted February 12, 2014 You continue to pretend the official exchanges rate of the Swiss dinar never changed all you want fs4 enthusiasts But the official exchange rate is listed in only one place on this link established October 15th 2003 http://www.casi.org.uk/info/cpa/20031015_CPAORD43.pdf You pretending doesn't educate anyone For ten years, therefore, Iraq had two currencies: one issued by the official government and the other backed by no government at all. The Swiss dinar continued to circulate in the North, even though backed by no formal government, central bank, nor any law of legal tender. For a fiat currency this was an unusual situation. Whatever gave the Swiss dinar its value was not the promise of the official Iraqi government, or indeed any other government. Read more: http://dinarvets.com/forums/index.php?/topic/172155-feb-update/page-9#ixzz2t785UI00 The official exchange rate for the Swiss dinar before it was revalued was zero It had no official exchange rate It was backed by nothing at all any where Then it was backed 150 times stronger than the Iraqi dinar Ok fs4enthisusts Link to comment Share on other sites More sharing options...
FS4Enthusiast Posted February 12, 2014 Report Share Posted February 12, 2014 (edited) At no time did Bremer GIVE or CHANGE the official exchange rate of the Swiss dinar OR the Saddam dinar with respect to the USD. He ONLY specified a CONVERSION between the Swiss dinar, the Saddam dinar, and the new IQD, as part of the REDENOMINATIONRead more: http://dinarvets.com/forums/index.php?/topic/172155-feb-update/page-7#ixzz2t7G2quXf You pretending doesn't educate anyone But you babbling endlessly about something that's completely irrelevent does? LOL! Get real. Your own quotes prove yourself wrong. Replacing a fiat currency with a pegged currency isn't an RV, it's an RD. You just either don't understand it or can't admit it. Edited February 12, 2014 by FS4Enthusiast 1 Link to comment Share on other sites More sharing options...
dontlop Posted February 12, 2014 Report Share Posted February 12, 2014 (edited) Why do you think that the dinars are pegged to the dollar Except the Swiss dinar it was pegged to nothing You think that if something is pegged to the dollar and you exchange it for something else other than a dollar than it's not pegged to the dollar any more That's funny stuff Ask fib to expliain it to ya fib1618, on 11 Feb 2014 - 9:01 PM, said: U need to do a little homework my friend...An rv is a calculated adjustment to a COUNTRY'S official exchange rate relative to a chosen baseline. The Swiss dinar official rate at the cbi was adjusted from zero to around 6 cents or 150 times the Iraqi dinar The chosen baseline is the dollar The Swiss was converted over to the new Iraqi dinar and given a new official exchange rate So don't be crying about the Iraq dinar not having Enough reserves to back it It's proven by the Swiss dinar That no reserves gave the Swiss dinar 150 times the official exchange rate that the saddam notes did that were backed by the cbi by reserves Nothing absolutely. Nothing was backing the Swiss dinar Yet the IMF the world bank. Bis You name it were ok revaluing its official pegged exchange rate at 150 times the Iraqi dinar that is now backed by reserves at the cbi How come Oh ya because they backed it up at the cbi Now they got a guarenteed dinar backed by a government with reserves that back it So go ahead and rv the dinar they don't need any reserves The Kurds had a pipe dream of revaluing the dinar if they could get rid of saddam Ok Edited February 12, 2014 by dontlop Link to comment Share on other sites More sharing options...
keepmwlknfny Posted February 12, 2014 Report Share Posted February 12, 2014 Why do you think that the dinars are pegged to the dollar Except the Swiss dinar it was pegged to nothing You think that if something is pegged to the dollar and you exchange it for something else other than a dollar than it's not pegged to the dollar any more That's funny stuff Ask fib to expliain it to ya fib1618, on 11 Feb 2014 - 9:01 PM, said: U need to do a little homework my friend...An rv is a calculated adjustment to a COUNTRY'S official exchange rate relative to a chosen baseline. The Swiss dinar official rate at the cbi was adjusted from zero to around 6 cents or 150 times the Iraqi dinar The chosen baseline is the dollar The Swiss was converted over to the new Iraqi dinar and given a new official exchange rate So don't be crying about the Iraq dinar not having Enough reserves to back it It's proven by the Swiss dinar That no reserves gave the Swiss dinar 150 times the official exchange rate that the saddam notes did that were backed by the cbi by reserves Nothing absolutely. Nothing was backing the Swiss dinar Yet the IMF the world bank. Bis You name it were ok revaluing its official pegged exchange rate at 150 times the Iraqi dinar that is now backed by reserves at the cbi How come Oh ya because they backed it up at the cbi Now they got a guarenteed dinar backed by a government with reserves that back it So go ahead and rv the dinar they don't need any reserves The Kurds had a pipe dream of revaluing the dinar if they could get rid of saddam Ok Tell us how monetizing the oil will help the dinar and its value. .....the nonexistent swiss rv is boring now.... 2 Link to comment Share on other sites More sharing options...
FS4Enthusiast Posted February 12, 2014 Report Share Posted February 12, 2014 (edited) Nothing was backing the Swiss dinar So it went from a fiat currency, to a pegged currency, with zero change in purchasing power, and that fits your definition of an RV. Whatever dude, continue living in your fantasy world where that makes any sense at all. Like Keep said, switch subjects. Find something else to harp on. Your Swiss dinar related nonsense is tiresome and pointless. Edited February 12, 2014 by FS4Enthusiast Link to comment Share on other sites More sharing options...
dinarbeleiver Posted February 12, 2014 Report Share Posted February 12, 2014 Tell us how monetizing the oil will help the dinar and its value. .....the nonexistent swiss rv is boring now....read it weep keepem it's a Harvard paper and has more credibility then you will ever have!!!!!!!!! http://www.hks.harvard.edu/fs/jfrankel/What_to_do_with_Iraqs_Currency.pdf 1 Link to comment Share on other sites More sharing options...
fib1618 Posted February 12, 2014 Report Share Posted February 12, 2014 (edited) read it weep keepem it's a Harvard paper and has more credibility then you will ever have!!!!!!!!! http://www.hks.harvard.edu/fs/jfrankel/What_to_do_with_Iraqs_Currency.pdf Read that article a little more closely Einstein. LolHe proposed pegging the dinar to a basket of currency's with oil as a part of that basket. Edited February 12, 2014 by fib1618 1 1 Link to comment Share on other sites More sharing options...
dontlop Posted February 12, 2014 Report Share Posted February 12, 2014 So it went from a fiat currency, to a pegged currency, with zero change in purchasing power, and that fits your definition of an RV. Whatever dude, continue living in your fantasy world where that makes any sense at all. Like Keep said, switch subjects. Find something else to harp on. Your Swiss dinar related nonsense is tiresome and pointless. That's right it was converted to the new dinar at its new official exchange rate and it now has purchasing power that it never had before Since the exchange what the Swiss was replaced with can be used anywhere in Iraq since it's now backed by the cbi reserves and the govt of Iraq recognizes the new dinar The Swiss wasn't recognized as anything except to the Kurds Now it has purchasing power in bagdad Thanks to its official exchange rate going from zero to 150 times the Iraq dinar or Round 6 cents per Swiss dinar You know if the cbi deletes zeros for instance the Swiss dinars value brings 150,000 per million while the saddam notes bring only 1000 per million Link to comment Share on other sites More sharing options...
dinarbeleiver Posted February 12, 2014 Report Share Posted February 12, 2014 Read that article a little more closely Einstein. Lol He proposed pegging the dinar to a basket of currency's with oil as a part of that basket. yes and that's a good thing supports an increase in value fibby - your learning now fibby 1 1 Link to comment Share on other sites More sharing options...
fib1618 Posted February 12, 2014 Report Share Posted February 12, 2014 He says nothing about monetizing the oil like keep was talking about. 1 Link to comment Share on other sites More sharing options...
FS4Enthusiast Posted February 12, 2014 Report Share Posted February 12, 2014 read it weep keepem it's a Harvard paper and has more credibility then you will ever have!!!!!!!!! http://www.hks.harvard.edu/fs/jfrankel/What_to_do_with_Iraqs_Currency.pdf Pegging a currency to the price of oil has absolutely nothing to do with monetizing their oil. They could peg their currency right now to the price of oil with 1 barrel of oil equal to 116,000 or so dinar and it wouldn't increase the value of their currency one iota nor monetize a single drop of their oil. Link to comment Share on other sites More sharing options...
dinarbeleiver Posted February 12, 2014 Report Share Posted February 12, 2014 To fibby TNT tony has got the attention of the BBC - I doubt it will be good though lol Link to comment Share on other sites More sharing options...
FS4Enthusiast Posted February 12, 2014 Report Share Posted February 12, 2014 and it now has purchasing power that it never had before That's not true, at all. Link to comment Share on other sites More sharing options...
dinarbeleiver Posted February 12, 2014 Report Share Posted February 12, 2014 I'm ignoring you fs4 your a couldron person 1 1 Link to comment Share on other sites More sharing options...
FS4Enthusiast Posted February 12, 2014 Report Share Posted February 12, 2014 I'm ignoring you fs4 your a couldron person What the hell is a couldron? Link to comment Share on other sites More sharing options...
fib1618 Posted February 12, 2014 Report Share Posted February 12, 2014 To fibby TNT tony has got the attention of the BBC - I doubt it will be good though lol You got a link? I'd like to take a look. I'm ignoring you fs4 your a couldron person Say what? 1 Link to comment Share on other sites More sharing options...
keepmwlknfny Posted February 12, 2014 Report Share Posted February 12, 2014 read it weep keepem it's a Harvard paper and has more credibility then you will ever have!!!!!!!!! http://www.hks.harvard.edu/fs/jfrankel/What_to_do_with_Iraqs_Currency.pdf Your really good at copying and pasting links but you fail to even read them or understand them firsr before making ignorant comments 3 Link to comment Share on other sites More sharing options...
fib1618 Posted February 12, 2014 Report Share Posted February 12, 2014 Your really good at copying and pasting links but you fail to even read them or understand them firsr before making ignorant comments Lol 1 1 Link to comment Share on other sites More sharing options...
FS4Enthusiast Posted February 12, 2014 Report Share Posted February 12, 2014 Truer words were never spoken. Link to comment Share on other sites More sharing options...
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