Deleting the zeros is not what you want!

[dontlop]

Here keepm from your link with the market rate graph

(Thus ended the decade-long disownership of Swiss dinars. Once again, these notes were the liability of a central bank.)

[ewingm]

Keeps,  Everytime you engage monkeyavatar on the swiss thing we get four pages of the same thing over and over.  Just a suggestion,  let's completely ignore any  swiss discussion, and maybe, just maybe, methanemonkey will drift off to another topic.  A great topic for discussion is the obvious 800 lb monkey in the room, which is why has the CBI kept the exchange rate at 1166 to 1.  What economic/geopolitical factors will be necessary to move the needle off 1166?  Now that could be an interesting debate.  There is absolutely nothing of interest going on in the forums upstairs.......very boring indeed.  The "pot" is the ONLY place for serious news!

[dontlop]

Maybe you should drift to another topic

Oh that's right dontlop is the only topic you know

Im correct ewingm

You lied

Keemp tried to cover up your lie and was forced to lie to do it

Now you both are confirmed liars

What's next for ya ?

[keepmwlknfny]

A picture graph of the Swiss dinar market rate ,,,yep

t

There ya go then! In this situation that's all that matters princess.....can you go one step further and share with the class What value the graph shows for the Swiss dinar by October 2003?

[dontlop]

Yes keepm it's all that matters if your talking about the "official exchange rate"

The market rate is not the official exchange rate

When the market rate exceeds the official exchange rate they sometimes revalue the official exchange rate

Which was the case in Iraq

They had a market rate and they had no official exchange rate

Until October 15, 2003

Your link you posted proves it

You are only lying because of your previous statement about Kuwait

When you explained that the Kuwait dinar wasn't revalued because the official exchange rate didn't change

Now i showed you the official exchange rate changed and you say the official exchange rate doesn't matter in Iraq only in Kuwait

You keepm are a liar and proved im right in calling you one

[keepmwlknfny]

Yes keepm it's all that matters if your talking about the "official exchange rate"

The market rate is not the official exchange rate

When the market rate exceeds the official exchange rate they sometimes revalue the official exchange rate

Which was the case in Iraq

They had a market rate and they had no official exchange rate

Until October 15, 2003

Your link you posted proves it

You are only lying because of your previous statement about Kuwait

When you explained that the Kuwait dinar wasn't revalued because the official exchange rate didn't change

Now i showed you the official exchange rate changed and you say the official exchange rate doesn't matter in Iraq only in Kuwait

You keepm are a liar and proved im right in calling you one

Princess stay on track here we are talking about the Swiss dinar, not Kuwaiti dinar...

Now answer the question....what does the graph say the value of the Swiss dinar was in Oct 2003?

[ewingm]

We're back on the same subject, boys.  No more about the swiss.  We've beat that monkey to DEATH!  I want to know why dinarians STILL believe in an overnight RV of mythical proportions, in light of a very firm and unchanging policy by the CBI to remain pegged at 1166 to 1.  Through good times and currently bad times, its stayed at 1166 .  How can anyone of logical mind, believe in the old GOOORVVVVV crap I've been gagging on for seven years now?  How about it dinarians?  Come down from above forums and debate the lobsters on that point.  If you got the guts to debate us.  Otherwise I'll continue to believe that you all are just a bunch of koolaide soaked delusionally loyal scam victims, who just don't know it yet.  Bring it, boys and girls.

[keepmwlknfny]

We're back on the same subject, boys. No more about the swiss. We've beat that monkey to DEATH! I want to know why dinarians STILL believe in an overnight RV of mythical proportions, in light of a very firm and unchanging policy by the CBI to remain pegged at 1166 to 1. Through good times and currently bad times, its stayed at 1166 . How can anyone of logical mind, believe in the old GOOORVVVVV crap I've been gagging on for seven years now? How about it dinarians? Come down from above forums and debate the lobsters on that point. If you got the guts to debate us. Otherwise I'll continue to believe that you all are just a bunch of koolaide soaked delusionally loyal scam victims, who just don't know it yet. Bring it, boys and girls.

I can't help but engage dontknow and back him into the corner with reality about the Swiss and then watch him contradict himself over and over as he has done already trying to change history lol....it's just entertaining

[dinarbeleiver]

http://web.wm.edu/so/monitor/issues/18-2/1-bell.pdf

[dontlop]

There ya go then! In this situation that's all that matters princess.....can you go one step further and share with the class What value the graph shows for the Swiss dinar by October 2003?

That's all that matters for what? To prove the Swiss dinar official exchange rate was revalued by 15,000 %to match the market rate ?

Your talking about apples and oranges , I'm talking about the official exchange rate at the cbi , the one that the central bank backs and the govt backs , and your talking about a market rate of a demonetized currency that was not backed by any government or central bank

Which is the definition of an official exchange rate , backed by the issuing authorities the govt ie. ( the central bank)

Which doesn't cover your apples and oranges comparison

Remember what it says under your graph you keep relating to off your link

(Thus ended the decade-long disownership of Swiss dinars. Once again, these notes were the liability of a central bank.)

Any one can read back over the last 3 pages and see that I'm right that your a liar

[dontlop]

You can't even understand the link that you posted

This is from the first paragraph of your link keepm

<>>>> Along these same lines, so-called "Swiss Dinars" circulated in northern Iraq between 1993 and 2004 despite having been demonetized and discredited by their issuer, the Central Bank of Iraq (CBI). <><<<

And if you read further down in your article with the "graphs" of the market rate you see this <>>> (Thus ended the decade-long disownership of Swiss dinars. Once again, these notes were the liability of a central bank.) <><<<

To hard for you to understand ?

Here's your link keep <>>>> http://jpkoning.blogspot.com/2013/05/disowned-currency-odd-case-of-iraqi.html?m=1 <><<<

Your intentionally lying about what your link is talking about

The "official exchange rate" at the cbi rose from zero to 150 to one saddam note over night on October 15,2003 no matter how many times you lie keepliar

.

So don't tell me that the official exchange rate at the central bank of Iraq was the same on October 14,2003 as it was on October 15,2003

Because it wasn't

Now you want to still defend that the Kuwait dinar wasn't revalued because the " official exchange rate " didn't change ?

Because we can get out the market rates for the Kuwait dinar the day before it was revalued

The fact remains the same , The official exchange rate at the central bank of Iraq for the Swiss dinar was not 150 Swiss dinar to one saddam dinar note on October 14 2003 and on October 15 2003 it was

15,000% increase over night

Keepm has been proven wrong over and over and continues his spin

For the facts just reread the past 5 pages of this thread

Indisputable defeat for the keepliar

Edited August 21, 2014 by dontlop

[keepmwlknfny]

You can't even understand the link that you posted

This is from the first paragraph of your link keepm

<>>>> Along these same lines, so-called "Swiss Dinars" circulated in northern Iraq between 1993 and 2004 despite having been demonetized and discredited by their issuer, the Central Bank of Iraq (CBI). <><<<

And if you read further down in your article with the "graphs" of the market rate you see this <>>> (Thus ended the decade-long disownership of Swiss dinars. Once again, these notes were the liability of a central bank.) <><<<

To hard for you to understand ?

Here's your link keep <>>>> http://jpkoning.blogspot.com/2013/05/disowned-currency-odd-case-of-iraqi.html?m=1 <><<<

Your intentionally lying about what your link is talking about

The "official exchange rate" at the cbi rose from zero to 150 to one saddam note over night on October 15,2003 no matter how many times you lie keepliar

.

So don't tell me that the official exchange rate at the central bank of Iraq was the same on October 14,2003 as it was on October 15,2003

Because it wasn't

Now you want to still defend that the Kuwait dinar wasn't revalued because the " official exchange rate " didn't change ?

Because we can get out the market rates for the Kuwait dinar the day before it was revalued

The fact remains the same , The official exchange rate at the central bank of Iraq for the Swiss dinar was not 150 Swiss dinar to one saddam dinar note on October 14 2003 and on October 15 2003 it was

15,000% increase over night

Keepm has been proven wrong over and over and continues his spin

For the facts just reread the past 5 pages of this thread

Indisputable defeat for the keepliar

Just answer the question and stop dodging it dear....trying to help you....what value does the Swiss dinar have according to the graphs in Oct 2003? Just answer the question. ..that's all you have to do. Very very simple....do you know how to read the graph or do you need help?

[keepmwlknfny]

http://jpkoning.blogspot.com/2013/05/disowned-currency-odd-case-of-iraqi.html?m=1

There is the link again in case you lost it....

[dontlop]

Ah ha ha ha ha

You lose

I have the link with the official exchange rates on it from the United Nations for every month thru every year from the cbi

Don't need your graph of the demonetized Swiss dinar market rate in autonomy north Iraq that Swiss dinar wasn't part of the money supply any more in Iraq

It was demonetized keep. Go read your link you provided it explains it clearly

[dontlop]

Remember how you used to get a hundred pluses for your bs stories keepm ?

How's that workin out for ya today ?

Remember you had so many negs they had to go into your account and delete them for you keepm ?

I guess everyone is wise to you

And all it takes is to read back on debates like this to see you are still the same liar you were 4 years ago

Good luck with that keep

[keepmwlknfny]

Remember how you used to get a hundred pluses for your bs stories keepm ?

How's that workin out for ya today ?

Remember you had so many negs they had to go into your account and delete them for you keepm ?

I guess everyone is wise to you

And all it takes is to read back on debates like this to see you are still the same liar you were 4 years ago

Good luck with that keep

What does the graph indicate as the value of the Swiss dinar in Oct 2003? That's all you need to answer princess....spare everyone the additional babble...why is it so hard for you to answer? Is it because you know the answer, and it disproves what your claiming? Sure looks like it lol....don't be scared...

[dontlop]

Spare yourself keep most everyone hear knows how to read

We know the " graphs" on your link don't represent what were talking about

Were not talking about anything but the official exchange rate at the cbi

Do ya have any links to that for the official exchange rate at the cbi for the Swiss dinar between 1993 and 2003 or don't cha?

You been stalling and beating around the bush for close to two years now

Spit it out

Yes or know

I do keep

I have the official exchange rates from the United Nations for every month since 1981

How's that keep?

There is no two different exchange rates for the " IQD "

Your not saying the Swiss dinar had its own currency code are ya keepliar?

Can't ya just lie about that two?

Any who

Here's the IQD exchange rates for the last 30 years and there isn't any 150 to one on it any where

United Nations and central bank official exchange rates for the last 30 year for every month

http://www.unjspf.org/UNJSPF_Web/page.jsp?page=FullExchangeRts&countryCd=213&currencyCd=213

It was a scam

Iraqi Bank-Fraud Scheme Described

By ELAINE SCIOLINO,

Published: September 16, 1992

EMAIL

PRINT

The case of an Atlanta banker involved in a huge fraud has shed light on the remarkably sophisticated system set up by Iraq to illegally obtain billions of dollars in loans in the United States, some of which was vital to Saddam Hussein's arms buildup.

At the time the loans were made, Iraq owed its creditors around the world $80 billion, was defaulting on many of its loans and desperately needed money from the Atlanta bank because of its inability to borrow large sums of money from legitimate banks, the prosecution said today. The assertion, along with other evidence, contradicts the Bush Administration position that although Iraq had credit problems, it was a reliable borrower which always paid back its American lenders.

Christopher P. Drogoul, who was manager of the tiny Atlanta branch of the Banca Nazionale del Lavoro, has pled guilty to charges that over five years he fashioned extraordinarily complicated schemes to illegally provide more than $5 billion in loans to Iraq and other countries and companies without the approval of the bank's headquarters in Rome. He made the loans despite the fact that Iraq's credit rating was so bad that the parent bank was rejecting Iraqi requests for money, even those for only a few thousand dollars. Vital to Iraq's Military

Testimony during Mr. Drogoul's sentencing hearing today and other evidence have shown that the tiny bank operation was an unlikely but crucial component in Iraq's military programs.

Arthur J. Wade, Jr., the head of the task force investigating the scandal, said the 43-year-old banker was fully aware that much of the money he was lending to Iraq paid for Iraqi arms and weapons technology. Mr. Drogoul had a close relationship with Safa al-Habobi, the Iraqi head of Iraq's procurement network, and with Rafa Hassan Ali, the director general of Iraq's ministry in charge of procurement and technology development, Mr. Wade said.

During a visit by Mr. Drogoul to a military fair in Baghdad in April 1989, for example, Mr. Habobi took him on a tour of a military installation and showed off the various projects paid for with his bank's money, Mr. Wade said. One of the items was the modified Scud-B missile which was eventually used against the American-led coalition in the Persian Gulf war. Meetings With Iraqi Officials

Mr. Drogoul met repeatedly with Mr. Habobi and other official involved in buying arms and technology for Iraq. He was so close to Mr. Habobi and Mr. Ali that when the United States Government raided the bank in August 1989, Mr. Drogoul, who was in Paris, called his two Iraqi protectors for guidance, and they and other officials eventually ordered him to return to the United States.

Both Iraqis were among those indicted with Mr. Drogoul in the bank fraud case in February 1991. Iraq's Central Bank and two of its senior officials were also indicted.

Financing from the bank was so important to Iraq that its Central Bank considered creating a special Iraqi front bank that would serve as what Mr. Wade called a "safety net" for Mr. Drogoul in the event that his fraudulent relationship with Baghdad was uncovered and he lost his job. A previous hearing disclosed that the Atlanta operation became so central to Iraq's own banking system that Iraq set up separate departments in its central bank solely to deal with Mr. Drogoul. Raid in 1989

The bank was raided by federal investigators in August 1989, and despite the close collusion between Mr. Drogoul and Iraqi bank and military officials in the illegal operation, other Iraqi officials were able to deceive the State Department, telling officials that Baghdad had done nothing illegal.

The next month, Iraq's Deputy Foreign Minister Nizar Hamdoon, told Joseph Wilson 3d, the American charge d'affaires in Baghdad, that Iraq "feels it should not be dragged into what it sees as an internal problem between the bank's Rome headquarters and its Atlanta branch office," according to Mr. Wilson's cable to the State Department describing the meeting. When Mr. Wilson remarked that the investigation had not received the same attention in news reports in the United States as it had in Italy, Mr. Hamdoon laughed and said, "Those Italians love scandals."

In a meeting in October 1989 with the then Secretary of State, James A. Baker 3d, Iraq's Foreign Minister insisted that "Iraq had no part" in the scandal, and was "not involved in any illegal activities," according to a declassified cable describing the meeting. Mr. Aziz "stressed pride in rooting out corruption" and said his Government would fully cooperate with American investigators. Iraq Held Blameless

He added that if the bank was willing to lend Iraq money, then it was the bank and not the customer that had the problem, the cable continued.

The meeting was crucial because the Bush Administration was considering whether to extend an additional $1 billion in an ongoing agricultural program that guaranteed loans to Iraq. Iraq had received many of the American-backed loans from the Atlanta bank. The White House approved the loan guarantee program, with some restrictions, the next month.

In December, Iraq's Trade Minister, Mohammed Mahdi Salih, reassured Edward Gnehm, then an Assistant Secretary of State, during a meeting in Baghdad and again professed innocence, saying, "As a wealthy country, Iraq did not depend on B.N.L. facilities," according to a cable describing the meeting. 'A Banking Problem'

Mr. Gnehm also tried to play down any Iraqi involvement in the fraud scheme, dismissing the problems at the Italian bank as "primarily a banking problem," and adding that there was no evidence that Iraq had done anything wrong.

The prosecution is trying to sidestep the policy issues surrounding the scandal, and has only discussed the American loan guarantee program in passing. But Mr. Wade today made it clear that he did not beleive that Iraq was creditworthy enough to receive the huge loans. He noted two reports from the Export-Import Bank, a Federal agency, in 1988 and 1989 that concluded that Iraq would be unable to repay its debt and unwilling to pay lenders who did not continue to lend new money.

Mr. Wade added that only one other American bank was willing to lend Iraq money during the period in which Mr. Drogoul made his loans, and that the $10 million transaction was wholly secured by other Iraqi assets and subject to 48 percent annual interest.

The investigator is expected to be cross-examined Wednesday by Mr. Drogoul's attorney, Bobby Lee Cook, who is likely to ask him questions about whether the United States Government was somehow complicitous in Mr. Drogoul's illegal lending practices to Iraq. The prosecution has not recommended leniency for Mr. Drogoul, who faces a maximum sentence of 390 years inh priso, millions of dollars in fines and $1.8 bilion in restitution.

But Mr. Cook hopes to convince United States District Judge Marvin Shoob that Mr. Drogoul acted with the knowledge and acquiescence of the Rome bank and the Italian and American Governments.

[dontlop]

Now that had as much to do with the official exchange rate at the central bank of Iraq of the Swiss dinar as your graph of the market rate does

[keepmwlknfny]

Now that had as much to do with the official exchange rate at the central bank of Iraq of the Swiss dinar as your graph of the market rate does

Your hopeless....oh well....babble on....babble on...

Your hopeless....oh well....babble on....babble on...

Didn't think it would be that hard to understand that the CPA established the exchange ratio from the market rate but I guess this concept is way over your head....it's cool no worries....ignorance is bliss for you I see...

[dontlop]

Like I told you keep

It doesn't matter where it come from

It happened just like you said

It happened on October 15,2003

I don't care if Santa clause took over Iraq and changed the official exchange rate of the Swiss dinar

The fact remains the same , The official exchange rate at the central bank of Iraq for the Swiss dinar was not 150 Swiss dinar to one saddam dinar note on October 14 2003 and on October 15 2003 it was

At least you admit it happened

No one is arguing how it happened

It is what it is and ya can't change it

Now can we get back to the original debate about the Kuwait dinar ?

Why did you say the Kuwait dinar revaluation wasn't a revaluation?

Something about the official exchange rate didn't change regardless of the market rate change so it's not a revaluation ?

If that's the case wouldn't the Iraqi Swiss dinar be concidered a revaluation since the official exchange rate at the cbi did change ?

It's been two years just to get you to admit it did change

So how long will it take for you to explain how its different from country to country what differentiates a revaluation?

Or is monetary policy a global thing run by the IMF all equally regulated?

[dontlop]

The fall of Kuwait made instant paupers out of tens of thousands of people with assets in Kuwait or Kuwaiti currency.

H. Zahreddin, a wealthy Lebanese businessman doing business in Kuwait, flew home to Lebanon the day before Iraq overran Kuwait to throw a lavish wedding party for his daughter at a plush Beirut hotel.

''I went to bed a millionaire and woke up in debt,'' Zahreddin said later. ''The hotel refused to accept my Kuwaiti dinar check to settle the bill

as demonstrated with kuwaiti dinar .. if the official rates dont change who cares what the international markets were doing .

Bjt TERRIL JONES , Associated Press

Sep. 24, 1990 4:42 PM ET

NICOSIA, CYPRUS NICOSIA, Cyprus (AP) _ Iraq, underscoring its control over Kuwait, has declared Kuwait's currency invalid and set a deadline for all who hold it to exchange it for Iraqi money, the government said Monday.

Iraq will reimburse those who possess Kuwaiti dinars with Iraqi dinars on a 1-for-1 basis, the government said. Those who hold Kuwaiti dinars have until Oct. 6 to exchange it for Iraqi currency, said the announcement, carried by state Iraqi News Agency.

After that date, Kuwaiti dinars will be considered worthless, the Baghdad government said.

Iraq has methodically dismantled Kuwaiti institutions following its Aug. 2 invasion and annexation of Kuwait. Iraqi authorities have officially disbanded Kuwait's government, military and national airline, and call Kuwait Iraq's 19th province.

The currency measure was taken ''to facilitate transactions throughout Iraq and ending duality in the monetary dealing,'' the government said.

Before Iraqi President Saddam Hussein ordered his army into Kuwait, one Iraqi dinar was worth $3.22 and one Kuwaiti dinar traded at $3.45 at official rates.

But the Kuwaiti currency was convertible on international markets while the Iraq dinar was not. The Iraqi currency remains inconvertible.

The decision was also expected to eliminate the black market for the Kuwaiti dinar. Although the Iraqi dinar's official value remains the same, its value to buy goods or foreign currency on the black market was about one-tenth the official rate. Iraq punishes currency smugglers with death.

In the first days of the invasion, the Kuwaiti dinar fell from $3.45 to about one-fifth its value before international currency exchanges suspended trading of the Kuwaiti currency. << (about 75 cents )

''No banks will accept to quote or trade either Iraqi or Kuwaiti dinars,'' a Banque Francaise du Commerce Exterieur official said Monday. That would be forbidden under the freeze on Kuwaiti and Iraqi assets adopted by France and the other European Community countries, the Paris-based official said in an interview.

He said even if there were no economic embargo, no one would trade the Kuwaiti dinar because there is no longer any central bank to guarantee its value. Anyone with Kuwaiti dinars outside the country would effectively be holding useless paper, the banker said.

There are exceptions in extremely limited circumstances. Kuwaitis stranded in London can go to the National Bank of Kuwait or United Bank of Kuwait and get British pounds for their dinars if they have dinar accounts there and can prove that they are in desperate need of funds, according to a financial source in Bahrain.

The Banque Misr, or Bank of Egypt, in Cairo has not been instructed to stop accepting the Kuwaiti dinar, an official of the bank's foreign exchange department said. The currency was quoted in Monday's fixtures as usual, though at $2.86.

When the crisis erupted, the Egyptian-Saudi Finance Bank allowed Kuwaitis to exchange 500 dinars at the old rate for two days. Any other funds had to be exchanged at the reduced rate.

The practice appeared part of the exile aid program run by the Kuwaiti government, itself in exile in Saudi Arabia, the financial source in Bahrain said.

Certain local banks may have been given a guarantee by Kuwaiti embassies allowing them to exchange dinars to needy Kuwaiti citizens, the source said.

But it would be impossible for the Kuwaiti government-in-exile to honor all dinars, because Iraq could then try to convert the huge stocks of Kuwaiti cash its soldiers plundered during the invasion, the source noted.

The fall of Kuwait made instant paupers out of tens of thousands of people with assets in Kuwait or Kuwaiti currency.

H. Zahreddin, a wealthy Lebanese businessman doing business in Kuwait, flew home to Lebanon the day before Iraq overran Kuwait to throw a lavish wedding party for his daughter at a plush Beirut hotel.

''I went to bed a millionaire and woke up in debt,'' Zahreddin said later. ''The hotel refused to accept my Kuwaiti dinar check to settle the bill.''

but if the "official exchange rates" do change .. "its official "; they changed .. devalue ... revalue .. what ever how ever .. its official

heres my link for that >> http://www.apnewsarchive.com/1990/Kuwait-s-Currency-Declared-Invalid-by-Iraq-With-AM-Gulf-Rdp-Bjt/id-978b923d961916791ee3c34fce20be34

Edited August 22, 2014 by dontlop

[dontlop]

The market rate in Iraq is 1220

Is that the official exchange rate at the cbi, or is 1166 the official exchange rate at the cbi?

If the govt of Iraq orders the official exchange rate at the cbi be changed to 1220 from 1166 would that be a devaluation of the official exchange rate at the cbi?

Or would a certain person say nope nothing changed the official exchange rate at the cbi was always what the market rate was 1220?

Even though we all saw the official exchange rate was 1166 one day and 1220 the next

And ridicule the person who showed them the change in the official exchange rate

For years

Tell everyone that he was stupid and can't read and call him names

Now I think people are more aware of the mind set of those locked down in the blobsters tank

See I got a purpose here

And they are calling to have me removed for presenting the facts

Ah ha ha ha ha ha ha

BAM !!!!!!!

[Goldiegirl]

Now I know why Dontlop keeps going on about the swiss....he's related.

 

I think you should make this your new avatar.

 

[dontlop]

What's the matter Goldie

Should I tell lies about you for the next couple years and you just say nothing

Then others like you can go call you names for posting the truth?

You got to be some kind of air head because you surely don't add much knowledge or wisdom to any topic

I wouldn't doubt it if someone said you were keepm

It's his style

And to think ewingm is flirting with you

Discusting behavior

[ewingm]

The dinarian has only ONE hoped for exchange rate.  That would be the World approved and accepted CBI exchange rate which right now, and for the last SEVEN years, has been 1166 to 1.  IF, and I repeat IF the dinar was a tradeable currency, you would receive one US dollar for every 1166 iraqi dinars you exchanged at your local bank.  BUT when the dinar RV's 1 to 1 tonight, as I predict, and is accepted by the world, you will be able to walk into WF tomorrow morning and exchange your five million dinars, for which you paid $6,000, and you will walk out with Six MILLION dollars cash.  Sounds like a totally reasonable and logical scenario to me.

GOOOOOOOOOOOORVVVVVVVVVVVVVVVVVVV!!!!!!!!!!!!!!!!.