Response to Dinarbeleiver's Comprehensive Report (from the same site)

[doctor robbins]

“I invested in the IQD around 2006 due to the following reasons; The oil that Iraq posses, the gas Iraq posses and the gold and rare earth minerals that Iraq posses.”

 

First of all, you don’t “invest” in currency, you speculate on it. This is what marks out someone who hasn’t a clue about currencies or Forex. Secondly, oil is sold in US Dollars. Thirdly, the revenue from those US Dollars does not “back” the Dinar, it funds central government (ie, pays for Iraqi police, education , healthcare, general infrastructure, power stations, Iraqi armed forced, etc). Fourth, Iraq doesn’t possess that much gold. They hold less than $3bn of bullion reserves, and have very low gold mining infrastructure. Finally, there are not “piles of gold” in Iraqi streets either – this delusion came from a badly interpreted report that stated – exact quote : “Atoms of gold in thousands of tons of dust”. Not exactly the “piles of gold bullion lying underneath in the streets” dishonest Dinar guru’s soon twisted it around and whipped people up into a fake hysteria over, is it?

 

“The Iraqi dinar itself before the second war was about to be pegged to the euro and Saddam was trying to take the dinar away from the petrodollar- again another reason to invade Iraq. The USA and the UK have spent trillions on this war and both countries’ economies have gone downhill as a result. I believe that Iraq will have to pay back the cost of the war and the USA and UK will be set to profit hugely from this war in cheap er oil and gas.”

 

It wouldn’t have made difference even if the Dinar HAD been pegged to the Euro because the Euro itself hasn’t move much vs the USD. See 1990-2014 USD vs EUR chart:-
http://fxtop.com/en/historical-exchange-rates.php?YA=1&C1=EUR&C2=USD&A=1&YYYY1=1990&MM1=01&DD1=01&YYYY2=2014&MM2=04&DD2=21&LANG=en

 

If the Dinar had been pegged to the Euro, all that would have happened is that you’d have made no more money “investing” in the Dinar than buying Euro’s! Has the Dinar gone up / will it go up 100,000% vs the Euro? No. The RV is still a nonsensical myth no matter who Iraq pegs their currency to.

 

Likewise, Iraq cannot “pay back” the cost as it dwarfs it’s economy over many years. It would literally go bankrupt. This whol delusion comes from the guru lie that “George Bush said Iraq will pay back the cost of the war” He did not and there is zero quote to be found. The only remotely similar quote is by Rumsfeld who encouraged Iraq to start paying for itself (and other countries to contribute) – in all future years – that’s not the same as “paying back the cost of the war”. Iraq earns roughly $100bn-$120bn per year oil revenue. 90-95% of that gets spent on domestic govt leaving barely $5-10bn leftover. How many years would that take to pay back “trillions”? Well over 100-200 years per trillion. It’s dumb to the core.

 

“Some people speculate that the USA federal reserve hold billions of dollars worth of IQD and there is a documented currency exchange that took place between Iraq and the USA when they attempted to keep the Iraqi economy going”

 

And those “some people” are 100% fake guru’s. And those guru’s are 100% incorrect. The Federal Reserve doesn’t keep “billions of dollars worth of IQD”. It keeps a very small amount for trade / contractors working out there, but not much at all. This equally delusional myth arose from an original report of $8-12bn of dollars (in US DOLLARS) that were sent to Iraq to use for rebuilding, etc, via SIGIR (Office of the Special Inspector General for Iraq Reconstruction) that went missing due to corruption down the line:-
http://www.theguardian.com/world/2007/feb/08/usa.iraq1

 

…Some of which has been since recovered:-
http://security.blogs.cnn.com/2011/10/26/once-thought-lost-and-now-found-6-billion/?hpt=hp_t2

 

Likewise, global holdings of the Iraqi Dinar by foreign govts as reserve are clear for all to see with IMF COFER & FR statistics:-
http://www.imf.org/external/np/sta/cofer/eng/cofer.pdf
https://www.imf.org/external/np/sta/ir/IRProcessWeb/data/usa/eng/hstusa.pdf

 

There is no “big secret” there, and US courts have already debunked the “USA holds masses of Dinar” made-up guru lie in the BH Group case:-

15. BRADFORD HUEBNER, RUDOLPH COENEN, CHARLES EMMENECKER, and MICHAEL TEADT often discussed during weekly telephone conference calls with potential investors, the U.S. Department of the Treasury holding the Iraqi dinar, further alleging the Department of the Treasury held trillions of lraqi dinar for investment purposes. In fact, the U.S. Department of the Treasury does not hold any Iraqi dinar for investment purposes and holds only a nominal amount for use in daily operations.“

http://ftpcontent.worldnow.com/wtvg/docs/120920_BHgroup.pdf

 

“There is no documented evidence however that the federal reserve holds Dinar however. This part is purely speculation.”

 

It’s not even “speculation”, it’s just dishonest guru pumping…

 

Since Chapter 7 sanctions release last July there have been a number of articles by the Iraqi press that appears to suggest the following for the IQD.

1) The IQD will be an international currency

 

This is total gibberish that doesn’t even mean anything by itself. It’s like saying “money can be spent”. Yes?.. And?… The fact you can buy Dinar in the USA, Europe, etc, proves it’s already international! LOL. If you mean “you will be able to buy some in the bank”, banks used to sell them anyway (when it wasn’t “international”) but soon stopped when they realized there was a scam going on. What’s more banks tradability is decided by market demand not some “diktat”. Eg, you can’t buy Somali Shillings or Bulgarian Lev’s in Wells Fargo. Are they waiting on “Chapter 7″? No. Are they waiting for be “internationally tradable”? No. Like the Dinar – they already are “international” – but the demand simply isn’t high enough to make a profit selling them. “International currency” is just guru propaganda excuse for keeping their sheep “hooked” on waiting for an ever future “event”. Just like “It will RV when they lift Chapter 7″, etc.

 

As for “Chapter 7″, likewise, Korea, Afghanistan, East Timor, Congo, Rwanda, Sierra Leone, Angola, Somalia, Haiti, Libya, Croatia & Bosnia and Herzegovina (Yugoslavia), etc, have all equally been under Chapter 7. There’s nothing unique about Iraq being there at all. It’s not unique, special or the first time for anything. “Chapter 7″ is a fetish buzzword for guru-addicted Dinar investors who don’t know what they’re talking about but use it to try and look knowledgeable in front of their peers.

 

2) Value will be added to the currency itself

 

Wrong context. What the reports were describing were a +5% increase in value from de-dollarizing & restoring local confidence – and that’s what they openly stated. Only the deluded think that means random 100,000% appreciations for no reason. NO-ONE – not ONE single person in Iraq has EVER stated even a 10x increase let alone +1,000x. That stuff is 100% Western guru fabrications.

 

3) possible rates between a dollar and three dollars

 

This is a flat out guru lie, much of which is confused nostalgia of Saddam Hussein’s failed peg that didn’t even exist in the 1990′s. Example:-

“The Dinar was $3 up until the 2003 war”

Reality:-

Year = Money Supply / Real FX rate

 

1991 = 24,670m (24.7bn) / $1 = 10 IQD
1992 = 43,909m (43.9bn) / $1 = 21 IQD
1993 = 86,430m (86.4bn) / $1 = 74 IQD
1994 = 238,901m (239bn) / $1 = 458 IQD

 

1995 = 705,064m (705bn) / $1 = 1674 IQD

 

And the rest is the same mental confusion over the “1984 MOP report” written 30 years ago that was uploaded as a digitized archive a couple years back, and people laughably think it was written in 2011 purely because that’s when it has archived on a blog… It openly says on the front-page of the report : “In turn, The Guidance For Technical And Economic Feasibility Studies And Post-Project Assessment Of Development Project (Regulations No. 1 for the Year of 1984…“

 

4) 2014 budget will contain the new rate

 

There is no “rate”. This is yet more guru gibberish. If Iraq lopped 3 zeros the “rate” is simply 3 zeros less, ie, 1166:1 -> 1.166:1. And if Iraq does nothing, ie, they’ve recently announced they’re just re-printing banknotes of the same denominations just better security features, there is no “rate”.

“The 2009 budget will contain the new rate…”
“The 2010 budget will contain the new rate…”
“The 2011 budget will contain the new rate…”
“The 2012 budget will contain the new rate…”
“The 2013 budget will contain the new rate…”
“The 2014 budget will contain the new rate…”

is all that’s been spewed out of guru’s over the past several years, and every year their lies get proven wrong. You can set your watch by it. Just like Easter, Christmas & New Year “RV” predictions…

 

5) Members of parliament on Al-iraqiya TV stating the IQD is grossly undervalued

 

No they didn’t. This is DB’s favorite lie repeated ad nauseum. They said the MARKET rate (1220:1) is undervalue vs the PEGGED rate (1166:1). And to be fair – it IS – by about 5%. In another forum when asked for a link to that report, you openly admitted “your friend told you”. That’s not a “report”, that’s a children’s game called “Chinese Whispers”.

 

“I will now list a comprehensive amount of articles from the Iraqi Press and I will also produce dates and statements from Al-Iraqiya TV that back the 5 points above.”

 

Link 1 is about investing in Iraqi businesses and paying off their national debt. It has nothing to do with the Dinar

Link 2 is about tackling corruption and dire poverty. It has nothing to do with the Dinar

Link 3 comes up with an error and a $130bn dollar budget simply means 95% of Iraq’s oil revenue is getting spent on govt spending not CBI reserves further DEBUNKING the RV!

Link 4 is about the street value of the Dinar narrowing vs the pegged value. IT SAYS NOTHING WHATSOEVER ABOUT ANY RV.

Link 5 “Bank reserves high volume of Iraq’s foreign currency to 76 billion dollars” destroys the RV delusion that Iraq is going to turn $75bn currency with $76bn backing into an $87700 currency with $76 backing…

Link 6 is about investing in Iraqi businesses. It has nothing to do with the Dinar

Link 7, 8, 9, 11, 12, 15 : “that there is a future for dinars, adding: there shall be the exchange rate of the dinar against the dollar (1300) or (1200) Iraqi dinar” again is talking about the MARKET rate. The Dinar peg didn’t “increase in value after chapter 7″. It’s been (and still is) around 1166:1 for years. You don’t understand any of this do you?

Link 10 : It says there’s been a 7-8x increase in CBI reserves ($10bn to $70-80bn), yet “forgets” that the money supply has risen from 10tn to 87tn to counter-balance it over the same period. It simply isn’t “undervalued”.

Link 13 : Is about their planned lop, but is so badly mangled (like most “currency newshound” ‘reports’) that it’s barely readable…

Link 15 : Debunks the RV by reiterating what Iraq has been saying all along – they want a STABLE fixed exchange rate. Stable = doesn’t move much / no “RV”.

Link 16 & 18 : Source has disappeared, but Iraq never had a real $3 rate anyway. That was Saddam’s declared peg that the world universally rejected. Someone’s seriously confused if they’re going to “return” to something which never existed in reality. LOL.

Link 17 : Utterly irrelevant. It has nothing to do with the Dinar

Link 18 : Not even readable : “informed Gulf Bank hour to prepare this column yesterday cut a new rate of tiger one so sold since this day by 1179 dinars.”. LOL. So they’re going to saw a tiger in half and sell if for 1179 Dinar during “bank hour”? LOL:-D

Link 19 : “Based on upcoming budgets, IQD exchange rate approx 1.16″ openly describes the planned lopped rate, ie 1166:1 – delete 3 zeros = 1.16.

Link 20 : Is about money laundering. It has nothing to do with the Dinar

“6th august 2013 – Analysts said the election of Iran’s moderate president Hassan Rohani is likely to give a boost to the value of the Iraqi Dinar, in similar show of strength that the Iranian Riyal has witnessed recently.”

ROFL! And yet the peg didn’t move at all. IT SAYS NOTHING WHATSOEVER ABOUT ANY RV.

“9th August 2013 – German companies are showing increased interest in participating in infrastructure projects in Iraq – A bloc of members of parliament is urging the ICB and the government to implement the IQD structuring project (elimination of 3 zeros) without delay; they expressed their strong belief that the Iraqi Dinar is extremely undervalued and that the Iraqi foreign currency reserves of $76 billion in addition to 30 tons of gold is a strong indicator.”

They’re talking about the lop again. IT SAYS NOTHING WHATSOEVER ABOUT ANY RV.

“19th August 2013 – A member of the finance committee stated the Iraqi Dinar is undervalued and that the CBI is praised for its efforts in combating money laundering-both factors are important in evaluating the Iraqi Dinar”

The same member was talking about the MARKET RATE in another article. IT SAYS NOTHING WHATSOEVER ABOUT ANY RV. All it proves is the ability of some guru’s to change the meaning of a message with “selective snipping”.

“1st October 2013 – Members of the finance committee have stated tat the recent violence will not derail Iraqs recovery. They agree that the IQD is severely undervalued and once the violence subsides the CBI must take steps to re-evaluate the IQD.”
 

The peg isn’t “severely” undervalued at all. The MARKET RATE is mildly undervalued. IT SAYS NOTHING WHATSOEVER ABOUT ANY RV. And considering this is “translated” by your “friend” without any link, that speaks volumes. Maybe it’s the same “friend” who went into a bank got asked “Do you own any foreign assets” during a mortgage application, then you twisted that around to say “Her banker told her to buy Dinar”? Or maybe it was your other “friend” who went into the bank and claimed the guy behind the Forex counter asked him where he could buy Foreign Currency which even people over on DinarVets ridiculed… Other people who watched the same broadcast heard it was about narrowing the market rate to match the peg. And you were debunked over on DDB on this very issue several times. And here in the past too.
 

All you’ve basically done is the same trolling you did over on DDB – you run around like a little ferret on crack with a caffeine addiction copying & pasting any Arabic article you find on ANY subject about Iraq – unemployment, investments, building new office buildings, etc, all talking about generally opening Iraq up for business & trade, then you declare it “proof of a 100,000% RV” to fit your inner obsession. It is absolutely nothing of the kind. NOT ONE OF YOUR LINKS SAID ANYTHING ABOUT A MASSIVE RV or APPRECIATION. NOT ONE. If this is your “evidence”, it simply confirms what we’ve been saying all along : “All hat, no cattle”, “All bark, no bite”, “All booster, no payload”, “All foam, no beer”, “All icing, no cake”, “All sizzle, no steak”, “All wax, no wick”, “All show, no go”…
 

Meanwhile back in reality : The one metric you keep ignoring and pretending doesn’t exist : Iraq’s whopping +87tn Dinar money supply is still the giant elephant in the room it’s been all along. And Iraq recently announced the re-printing of exactly the same denominations, ie, replacing a 25,000 Dinar note with just another 25,000 Dinar note but better security features. Again you “pretend” they haven’t said it. There’s little point in continuing until you start dealing with reality and stop trying to twist the facts to fit the fantasy. There is no +100,000% RV. It isn’t real. Not for Iraq, not for anyone. All these “rumors” are 100% fabrications that don’t even come out of Iraq – they come from pretentious Western “guru” posers stringing their cult followings along with “accidental” mis-translation word games for fools, some earning up to $5-10k per week from “conference call” revenue & Dinar trader web advertising, and doing everything they can to hide their obvious vested interests!

=====

 

End of reply

[George Hayduke]

Hmm... $5-10 K per week for ginning up conference calls... not bad pocket change for being a scam.

[Nadita]

Hmm... $5-10 K per week for ginning up conference calls... not bad pocket change for being a scam.

 

George,

 

Wow... didn't know that.. I didn't get paid lol.. that is what I called easy money.. just sit in front of your computer and make up stories

Doctor Robbins,

 

You are correct... it's all speculations  the way I see it, it's no difference than trading stocks.. it's also speculation and legal gambling.. you can read and research about the company but sometimes who put money on the black (call) or red (put) will drive the price of the stock up or down and whoever betting on it will win.  But the dinar is definitely a different ball game as it seems everyone is betting on red and not too many on black and I have seen people going back and forth on the bet. We can only read and read and research and research till we pull our hair out and still there is no definite conclusion about Iraq because Iraq has a mind of its own.  Iraq to me feels like a slimmy jelly fish that you don't know if it's going to be okay to touch it or it will stink you  

[mcjocky1]

More bombs, more deaths, more injured, today.

 

The bodies are still warm, the politicians still can't agree, this whole country is yet again on the verge of civil disruption, and what do we really care ?

 

Keep listening to the c++p that gets circulated through these forums, or wake up and read real news articles, they are out there, you just need the willpower to actualy do something for yourself, find them, read them, form your own opinions, there is still hope for a better future for this country,.. the only questions are when and by whome, all of the ones who's names we all know that supposedly run this country are useless.

 

I am NOT saying there is no hope of realignment of value for the Dinar, I am saying that IMO, it is still a bit in the future.  

[doctor robbins]

Nadita - This isn't my response.  I took it from the same site DB's post was.  I thought it was only fair to allow the opposing viewpoint to be read here as well.

[Bunk]

   Like a cold slap in the face   

[calkid11]

Thank you

[Dinarian64]

Big burst to the bubble

[easy]

Thank you DR

[Nadita]

Nadita - This isn't my response.  I took it from the same site DB's post was.  I thought it was only fair to allow the opposing viewpoint to be read here as well.

 

Doctor Robbins

 

My bad.. I thought it was your response to DB... I know where the article was posted originally and to tell you the truth.. I am not giving much time on their response to DB's report as I personally don't have much respect for the site.  I also one of the many dinarians that bit their bait when they first started and was blowing the whistle about the rv like they know more than the gurus lol and at the end, they admitted they wanted to see the response and wrote an article about it and I thought it was mean and uncalled for.  Since the beginning they have debunked about the dinar and basically put a lot of effort to prove their point of view that dinar is scam and we are wasting our time, energy and money speculating in the dinar

 

For someone who doesn't believe in dinar and spending a lot of time and money to prove it wrong.. I sometimes wonder what the motives behind it all.  I liken dinar say to a casino... a lot of people go gambling day in day out and  same as dinar, a lot of people buy and speculate dinar.  If this particular site were to stand in front of the casino and try to convince people who are going into the casino to gamble that it is such a bad idea.. don't you think the casino security would have arrested them or call the police..?  I think we are all adults who are entitled to our own opinion and draw our own conclusions.  I personally stand on my conclusion and opinion about them  

[MyLadiesDaddy]

Mommy always told me to , consider the source, before you make an opinion.

[umbertino]

Nadita - This isn't my response.  I took it from the same site DB's post was.  I thought it was only fair to allow the opposing viewpoint to be read here as well.

Agreed and Grazie Dr.Robbins.

[sandfly]

THANKS

[dinarmite]

More bombs, more deaths, more injured, today.

 

The bodies are still warm, the politicians still can't agree, this whole country is yet again on the verge of civil disruption, and what do we really care ?

 

Keep listening to the c++p that gets circulated through these forums, or wake up and read real news articles, they are out there, you just need the willpower to actualy do something for yourself, find them, read them, form your own opinions, there is still hope for a better future for this country,.. the only questions are when and by whome, all of the ones who's names we all know that supposedly run this country are useless.

 

I am NOT saying there is no hope of realignment of value for the Dinar, I am saying that IMO, it is still a bit in the future.  

 

Yet Chicago or Detriot are great places to live right now?

[ronscarpa]

 Interesting...! 

Thanks for posting Dr. Robbins...!   

[Nelg]

Always good to read an opposing viewpoint.  I read some of the DV-RV-LOP, etc. reports, but I am not doing any more (did at first) research time dealing with speculative events.  Any research posted as conclusive is purely the opinion of the author.  Those who write that there information is "fact" will the next day write the opposite and say that it is "fact."  And as far as I am concerned, the amount that I spent is not enough to waste my time on the possibilities of a super-duper return.  If it happens, it happens.  I read the DV about every day, but mostly on topics related to religion and the Bible, an area where I have a little expertise.  But I'm about ready to cast any "posting" to the wind.  It is just stealing much of my time and its not worth it.  Think I will limit my time to just reading Adam's Chat on Wednesday and forget about the rest.

[zul]

 

 

3) possible rates between a dollar and three dollars

 

This is a flat out guru lie, much of which is confused nostalgia of Saddam Hussein’s failed peg that didn’t even exist in the 1990′s. Example:-

“The Dinar was $3 up until the 2003 war”

Reality:-

Year = Money Supply / Real FX rate

 

1991 = 24,670m (24.7bn) / $1 = 10 IQD

1992 = 43,909m (43.9bn) / $1 = 21 IQD

1993 = 86,430m (86.4bn) / $1 = 74 IQD

1994 = 238,901m (239bn) / $1 = 458 IQD

 

1995 = 705,064m (705bn) / $1 = 1674 IQD

 

 

 

 

So.......the 3 dollar rate was a " flat out guru lie " ??   

 

Not according to IMF....  

 

http://www.imf.org/external/np/fin/tad/exportal.aspx?memberKey1=460&date1key=2013-04-30&category=EXCHRT

 

Iraq: Exchange Rate

as of April 30, 2013

The SDR is an international reserve asset created by the IMF in 1969 and serves as its unit of account. The currency value of the SDR is determined by summing the values in U.S. dollars of a basket of major currencies.

 

Download this file TSV -- TSV tips

(in SDRs per Currency unit) 

Date                 Exchange Rate

April 30, 2013    0.000568833

April 30, 2012    0.000553591

April 29, 2011    0.000527732

April 30, 2010    0.000566092

April 30, 2009    0.000570626

April 30, 2008    0.000512352

April 30, 2007    0.000516326

April 28, 2006    0.000460244

April 29, 2005    0.000451682

September 22, 2004      0.000466938

September 08, 2003      2.53758

April 30, 2002                2.53758

April 30, 2000                2.43852

April 30, 1999                2.38074

April 30, 1998                2.38881

April 30, 1997                2.3558

April 30, 1996                2.21848

April 30, 1995                2.04504

April 30, 1994                2.26323

April 30, 1993                2.26004

April 30, 1992                2.34852

April 30, 1991                2.39924

April 30, 1990                2.46985

April 28, 1989                2.48283

April 29, 1988                2.32407

April 30, 1987                2.46269

April 30, 1986                2.73556

April 30, 1985                3.24557

Edited May 28, 2014 by zul

[dontlop]

So.......the 3 dollar rate was a " flat out guru lie " ??

Not according to IMF....

http://www.imf.org/external/np/fin/tad/exportal.aspx?memberKey1=460&date1key=2013-04-30&category=EXCHRT

Iraq: Exchange Rate

as of April 30, 2013

The SDR is an international reserve asset created by the IMF in 1969 and serves as its unit of account. The currency value of the SDR is determined by summing the values in U.S. dollars of a basket of major currencies.

Download this file TSV -- TSV tips

(in SDRs per Currency unit) Date Exchange RateApril 30, 2013 0.000568833

April 30, 2012 0.000553591

April 29, 2011 0.000527732

April 30, 2010 0.000566092

April 30, 2009 0.000570626

April 30, 2008 0.000512352

April 30, 2007 0.000516326

April 28, 2006 0.000460244

April 29, 2005 0.000451682

September 22, 2004 0.000466938

September 08, 2003 2.53758

April 30, 2002 2.53758

April 30, 2000 2.43852

April 30, 1999 2.38074

April 30, 1998 2.38881

April 30, 1997 2.3558

April 30, 1996 2.21848

April 30, 1995 2.04504

April 30, 1994 2.26323

April 30, 1993 2.26004

April 30, 1992 2.34852

April 30, 1991 2.39924

April 30, 1990 2.46985

April 28, 1989 2.48283

April 29, 1988 2.32407

April 30, 1987 2.46269

April 30, 1986 2.73556

April 30, 1985 3.24557

Thanks Zul good find

I haven't looked at that history before

And with a one to one exchange rate in 2003 how did the IMF figure out the new rate just like that

It's not like the added zeros to the currency in 2003 they were there before

Edited May 28, 2014 by dontlop

[dinarbeleiver]

So.......the 3 dollar rate was a " flat out guru lie " ??    Not according to IMF....    http://www.imf.org/external/np/fin/tad/exportal.aspx?memberKey1=460&date1key=2013-04-30&category=EXCHRT Iraq: Exchange Rateas of April 30, 2013The SDR is an international reserve asset created by the IMF in 1969 and serves as its unit of account. The currency value of the SDR is determined by summing the values in U.S. dollars of a basket of major currencies. Download this file TSV -- TSV tips(in SDRs per Currency unit) Date                 Exchange RateApril 30, 2013    0.000568833April 30, 2012    0.000553591April 29, 2011    0.000527732April 30, 2010    0.000566092April 30, 2009    0.000570626April 30, 2008    0.000512352April 30, 2007    0.000516326April 28, 2006    0.000460244April 29, 2005    0.000451682September 22, 2004      0.000466938September 08, 2003      2.53758April 30, 2002                2.53758April 30, 2000                2.43852April 30, 1999                2.38074April 30, 1998                2.38881April 30, 1997                2.3558April 30, 1996                2.21848April 30, 1995                2.04504April 30, 1994                2.26323April 30, 1993                2.26004April 30, 1992                2.34852April 30, 1991                2.39924April 30, 1990                2.46985April 28, 1989                2.48283April 29, 1988                2.32407April 30, 1987                2.46269April 30, 1986                2.73556April 30, 1985                3.24557

thanks Zul I will use that in my next report

I like how I am being accused of lying about Iraqi TV lol the lopsters would twist anything

In my next report I will reveal what's been said on the dinar most days for the past 6 months and no where do they mention the market rate.

[The Machine]

I don't mean to be the bad guy here so I'll just post it as an open question to anyone who wants to look up the info themselves.

 

Yeah the Dinar was valued over $3 ....... 29 years ago , so what has changed since then.

 

What is the difference in population ?

What is the increase in currency supply in the past 29 years ?

How economically stable is Iraq ?

The list goes on ...... but those three are a good starting point 

 

 

The $3 rate is a beautiful dream, I'd rather not get carried away daydreaming though.

 

I'd be ecstatic with anything over $0.01 ......... but hey if someone wants to believe it will come out at $3 I'm not gonna burst their bubble . We're all entitled to our own opinions and interpretations of this situation after all no-one here is an expert or has inside info ,were all just winging this (together)....... all points are valid and anything is possible.

[zul]

Dontlop, Dinarbeliever 

[doctor robbins]

 

So.......the 3 dollar rate was a " flat out guru lie " ??   

 

Not according to IMF....  

 

http://www.imf.org/external/np/fin/tad/exportal.aspx?memberKey1=460&date1key=2013-04-30&category=EXCHRT

 

Iraq: Exchange Rate

as of April 30, 2013

The SDR is an international reserve asset created by the IMF in 1969 and serves as its unit of account. The currency value of the SDR is determined by summing the values in U.S. dollars of a basket of major currencies.

 

Download this file TSV -- TSV tips

(in SDRs per Currency unit) 

Date                 Exchange Rate

April 30, 2013    0.000568833

April 30, 2012    0.000553591

April 29, 2011    0.000527732

April 30, 2010    0.000566092

April 30, 2009    0.000570626

April 30, 2008    0.000512352

April 30, 2007    0.000516326

April 28, 2006    0.000460244

April 29, 2005    0.000451682

September 22, 2004      0.000466938

September 08, 2003      2.53758

April 30, 2002                2.53758

April 30, 2000                2.43852

April 30, 1999                2.38074

April 30, 1998                2.38881

April 30, 1997                2.3558

April 30, 1996                2.21848

April 30, 1995                2.04504

April 30, 1994                2.26323

April 30, 1993                2.26004

April 30, 1992                2.34852

April 30, 1991                2.39924

April 30, 1990                2.46985

April 28, 1989                2.48283

April 29, 1988                2.32407

April 30, 1987                2.46269

April 30, 1986                2.73556

April 30, 1985                3.24557

 

 

Special Drawing Rights (SDRs) aren't the same thing as a foreign exchange rate.  For example, the SDR exchange rate for the dinar on April 30, 2013 is shown as 0.000568833 when the CBI had it listed it as 0.000857.  The only records for the dinar in the years leading up to the war were the ones provided by Saddam Hussein, so that's what these numbers are based on.  I believe the point he was making is that the rates prior to the 2003 invasion were arbitrarily set by Saddam when in fact the market price was as low as 3000 dinar to the dollar in 1995, as is stated on the CBI website's history page. 

[Nadita]

I don't mean to be the bad guy here so I'll just post it as an open question to anyone who wants to look up the info themselves.

 

Yeah the Dinar was valued over $3 ....... 29 years ago , so what has changed since then.

 

What is the difference in population ?

What is the increase in currency supply in the past 29 years ?

How economically stable is Iraq ?

The list goes on ...... but those three are a good starting point 

 

 

The $3 rate is a beautiful dream, I'd rather not get carried away daydreaming though.

 

I'd be ecstatic with anything over $0.01 ......... but hey if someone wants to believe it will come out at $3 I'm not gonna burst their bubble . We're all entitled to our own opinions and interpretations of this situation after all no-one here is an expert or has inside info ,were all just winging this (together)....... all points are valid and anything is possible.

 

Da Machino

 

I agree.. we are all in the holding tank called "waiting" but a lot of times, I am given pass to go out and enjoy my life  

 

Sorry guys.. not to step on anyone toes.. come on.. some humor here to make the waiting bearable... gosh if we are almost killing each other in the holding tank.. what will we do when we are loose...? kinda scary to think about it..  just joking... relax.. chill out... 

 

Anyone wants smore by the fire...?

[umbertino]

Yet Chicago or Detriot are great places to live right now?

Mundelein and Grosse Pointe are ( or used to be at least).

[Rochester]

The Doctor is a pretty smart chick....pretty hot too, gave me a boner...(I hope I'm not getting a boner over a guy who just is pretending to be a good looking girl)....does that make me ***???....oh, nevermind...back to Dinarland..... Obviously this is a speculation on a currency, not an investment. However, I have a different take on the Gurus. They are very entertaining. They appeal to stupid people, and run them around by the nose, which I find entertaining to watch. However, I'm sure a lot of the dumb people are only faking being dumb. Some are not. Another good thing is when the Gurus take the money off suckers and losers. Why is this good? Because it is a pretty cheap education in reality for them.....another thing is that if the Doctor, a smart chick, puts as much energy into her blog as she has, it means she has is speculating on the currency as well. Nice to see someone as bright as her putting money into it. I have an excuse, I'm generally an idiot, but she does not seem to have that excuse.