DinarThug Posted January 13, 2015 Report Share Posted January 13, 2015 CNN. Broadcasting While Tlar Clears His Throat With A Double Shot Of Wild Turki ! Tlar: Hmmmm. Sorry. Just clearing my throat and listening to you guys. The dinar is stable. Don't worry. Iraq's debt is low compared to other countries as the reserves they have including gold could pay all their bills if no income came into the country for longer than the IMF requires. Yes that are facing a budget crisis. So as far as their ability to cover imports and debt for three months as required of reserves, that's a no brainer. As far as backing the currency goes, the CBI has made sure that the dinar is so well backed both short and long term if in fact dollarizing their economy has reduced the circulating dinars to what I truly believe, less than a trillion. ~~~ Even at the 2 trillion level the currency is backed at present how many times? Gold, BIS, foreign currency, we don't know the real numbers but we do know that it is way more than what this guy says it is. Even using his numbers, 2 trillion which is equal to 1.75 billion backed by 60+ billion dollars in reserves hardly makes his premise a potential reality. We have seen Iraq on the verge of civil war followed by terrorists attempted take over. What has remained stable and strong is the Dinar. In fact it has gained in strength. So I don't think I am going to worry too much about what this analyst says about the short term oil pricing or short fall in the budget as it effects the currency. Iraq's problems have always been short term waiting on real leadership and management to resolve its problems. Iraq is an emerging economy and if they can set the rules to play fair by, and those rules are fair for everyone, and they can demonstrate that they are controlling the corruption and graft, Iraq will walk through these problems in short order. The world is waiting on their doorstep to dump money into their economy. I believe Abadi and gang are trying to get the door open. The currency is safe and as anybody who ever looked deeply into this investment knows. It is undervalued plain and simple. At this time, name another currency you would rather hold a currency investment in expecting to see significant growth in in 2015. Not Russia. Not Japan. Not the Euro. You get my point. tlar 6 Link to comment Share on other sites More sharing options...
Texstorm Posted January 13, 2015 Report Share Posted January 13, 2015 Yes 1166 stable, I predict that 2016 will be better than 2015 Tlar, tell us something that we don't know ! And for the post Thug ! 4 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted January 13, 2015 Report Share Posted January 13, 2015 i always clear my throat by typing Hmmmmmmm 7 Link to comment Share on other sites More sharing options...
dontlop Posted January 13, 2015 Report Share Posted January 13, 2015 The cbi is selling remittances of 5 trillion dinar to be removed from the streets so there goes tlars 1 trillion theory out the window 2 Link to comment Share on other sites More sharing options...
DinarThug Posted January 13, 2015 Author Report Share Posted January 13, 2015 i always clear my throat by typing Hmmmmmmm (Snow's Hubby) - Snow ! R U Back On That Stupid Dinar Site Again ? Congrats On Ur 6,000th Post Kitty ! 7 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted January 13, 2015 Report Share Posted January 13, 2015 ty....did not notice.....and yes hubby says that a lot!!!!!! 4 Link to comment Share on other sites More sharing options...
Shabibilicious Posted January 13, 2015 Report Share Posted January 13, 2015 Stop playing with your food.........Eat it!!! GO RV, and NO BV 2 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted January 13, 2015 Report Share Posted January 13, 2015 2 Link to comment Share on other sites More sharing options...
umbertino Posted January 14, 2015 Report Share Posted January 14, 2015 (Snow's Hubby) - Snow ! R U Back On That Stupid Dinar Site Again ? Congrats On Ur 6,000th Post Kitty ! Yes...Congrats and a brotherly hug from me 1 Link to comment Share on other sites More sharing options...
ReinMan Posted January 14, 2015 Report Share Posted January 14, 2015 OF COURSE it's stable! Haven't seen a rate change in YEARS AND YEARS! 3 Link to comment Share on other sites More sharing options...
sandfly Posted January 14, 2015 Report Share Posted January 14, 2015 THANKS CLOWN I WOULD LIKE A SHOT OF WILD TURKI 3 Link to comment Share on other sites More sharing options...
DinarThug Posted January 14, 2015 Author Report Share Posted January 14, 2015 I'LL CALL THE BARTENDER OVER AS SOON AS HE'S FINISHED WITH TLAR ! 1 Link to comment Share on other sites More sharing options...
Texas1 Posted January 14, 2015 Report Share Posted January 14, 2015 THANKS CLOWN I WOULD LIKE A SHOT OF WILD TURKI A sentence.......by Sandfly 1 Link to comment Share on other sites More sharing options...
rulesforrebels Posted January 14, 2015 Report Share Posted January 14, 2015 OF COURSE it's stable! Haven't seen a rate change in YEARS AND YEARS! I saw some people recently saying the rate went up to 1198 versus 1166. Any truth to that? When I check CBI still says same old rate? Link to comment Share on other sites More sharing options...
dinarmite Posted January 14, 2015 Report Share Posted January 14, 2015 I saw some people recently saying the rate went up to 1198 versus 1166. Any truth to that? When I check CBI still says same old rate? That would be going down. 2 Link to comment Share on other sites More sharing options...
DinarThug Posted January 14, 2015 Author Report Share Posted January 14, 2015 I saw some people recently saying the rate went up to 1198 versus 1166. Any truth to that? That's The Street Rate Which Fluctuates ! The Fixed CBI Rate Has Remained Unchanged Since October 2011 When They Raised It A Whopping 4 PIPS From 1170 ! Link to comment Share on other sites More sharing options...
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