NextYear Posted August 16, 2015 Report Share Posted August 16, 2015 I don't think Iraq really knows what's best for itself anymore… I highly doubt that. They have a swath of global financial and economic experts in the World Bank and the U.S. to guide them. He's right about one thing and that is the Dinar needs to be worth something substantial for people to dump the U.S. currency in favor of their own. However, you don't need to be a financial expert with a degree and an opinion to know this. It's basic economics 101 and everyone knows this. Link to comment Share on other sites More sharing options...
Jaxinjersey Posted August 16, 2015 Report Share Posted August 16, 2015 (edited) Yes OT... but that's the problem with lopping the three zeros from the notes (as per this article)... not what we want... and not really a good starting point. According to that formula, they're already at 3:1 ($3 to 1 dinar). We need the "removal" to be from the decimals, not the paper! This has been an ongoing contention... Thank goodness, this article is just an opinion piece! Correction to my ratio correlation: 3:1 (just triple the existing value), not $3 to 1 dinar, unfortunately! Edited August 16, 2015 by Jaxinjersey Link to comment Share on other sites More sharing options...
Laid Back Posted August 16, 2015 Report Share Posted August 16, 2015 Is that the case, we are going to triple our initial investment. We patiently wait. 2 Link to comment Share on other sites More sharing options...
Jaygo Posted August 16, 2015 Report Share Posted August 16, 2015 No way they come out less than a dollar... The Dinar has to be equal the dollar or the people will keep using the dollar. 8 Link to comment Share on other sites More sharing options...
climber7 Posted August 16, 2015 Report Share Posted August 16, 2015 (edited) Laid Back.... I think I accidentally hit the 'report' button on your post--sorry--not intentional. What is your interpretation of the 75=25,000 and what do you think the exchange will be under this possible option? Oh, and what does "om sai ram" mean above your avatar? Edited August 16, 2015 by climber7 1 1 Link to comment Share on other sites More sharing options...
usndiver Posted August 16, 2015 Report Share Posted August 16, 2015 These articles have have came and went since before Husein was tried and hung. No reason to get your hackles up over an opinion piece. JMO folks. Hooya Link to comment Share on other sites More sharing options...
aaanth Posted August 16, 2015 Report Share Posted August 16, 2015 read the words... 25 IQD is worth 75 USD. that is 3 to 1. 1,000,000 IQD is worth 3,000,000 USD .333 6 1 Link to comment Share on other sites More sharing options...
Laid Back Posted August 16, 2015 Report Share Posted August 16, 2015 (edited) Laid Back.... I think I accidentally hit the 'report' button on your post--sorry--not intentional. What is your interpretation of the 75=25,000 and what do you think the exchange will be under this possible option? Oh, and what does "om sai ram" mean above your avatar? In this article they're talking about removing the 000 from the note.25000 note minus 000 = 25dinar and then increasing the value of the dinar to $3 25 x $3 = $75 In this scenario we just triple our initial investment. I agree with Jaygo. If they want the citizens to start using the dinar, they have to increase the value before deleting the 000 to $1:1 or $1:1+ Dollarize.... Increase exchange rate... Dedollarize Just my humble opinion. Om sai ram is a Hindu mantra. Edited August 16, 2015 by Laid Back 4 Link to comment Share on other sites More sharing options...
captl1 Posted August 16, 2015 Report Share Posted August 16, 2015 They would commit political suicide by removing the zeros from the notes. Too many countries hold their currency. They could of done this 10 years ago without economic reform. 1 Link to comment Share on other sites More sharing options...
SocalDinar Posted August 16, 2015 Report Share Posted August 16, 2015 Nice! Link to comment Share on other sites More sharing options...
aaanth Posted August 16, 2015 Report Share Posted August 16, 2015 (edited) "... 25 dinars Vstsawi of $ 75 this is clearly 3 to 1 using the above 1,000,000 DINARS would be worth 3,000,000 DOLLARS Edited August 16, 2015 by aaanth 1 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted August 16, 2015 Report Share Posted August 16, 2015 They would commit political suicide by removing the zeros from the notes. Too many countries hold their currency. They could of done this 10 years ago without economic reform. POLITICAL SUICIDE? I think it would be better for them if they just put a gun against there heads and pulled the trigger themselves. Folks what is becoming clearer every day is the unseen hand behind all this. And it's not for a little matter that so many are involved. "... 25 dinars Vstsawi of $ 75 this is clearly 3 to 1 using the above 1,000,000 DINARS would be worth 3,000,000 DOLLARS That is correct. And until your post I wasn't going to respond to a subject that is so far beyond But IMHO this is a far more plausible reality than anyone is willing to admit. 1 Link to comment Share on other sites More sharing options...
captl1 Posted August 16, 2015 Report Share Posted August 16, 2015 LGD I agree totally. Link to comment Share on other sites More sharing options...
dogsutra Posted August 16, 2015 Report Share Posted August 16, 2015 LGD, the 25 note they speak of is our 25,000.00 note with the zero's removed. making our 1.000,000.00 dinar $ 3.000.00 4 Link to comment Share on other sites More sharing options...
climber7 Posted August 16, 2015 Report Share Posted August 16, 2015 Dogsurtra Are you disputing saying the interpretation above by LB and AAANTH is wrong? And if so......you're saying we would only cash in 3,000 for a million dinars,correct? I'm just verifying......not picking a quarrel Link to comment Share on other sites More sharing options...
Jaxinjersey Posted August 16, 2015 Report Share Posted August 16, 2015 Dogsurtra Are you disputing saying the interpretation above by LB and AAANTH is wrong? And if so......you're saying we would only cash in 3,000 for a million dinars,correct? I'm just verifying......not picking a quarrel Hi Climber... we need to read ALL posts in this thread, some of which clarify this. I don't know why people only latch onto one or two of them! So, unfortunately... yes, 1 million dinar would only be worth about $3,000.00. They're talking about a 25k note, not a 25 note. 2 Link to comment Share on other sites More sharing options...
new york kevin Posted August 17, 2015 Report Share Posted August 17, 2015 Here is my math on the subject. Where am I wrong? 1,000,000/25000 = 40 physical notes which a lot of us have. 40 X $75 = $3,000 If my math is correct, that ain't anywhere close to a 1 to 1 let alone a 3 to 1. It means that for round figures, those who paid $1,000 for each million dinar will have tripled their investment. Good but not even close to a 1 to 1 reval, or even a 0.50 to 1 reval, we have all been hoping for. Link to comment Share on other sites More sharing options...
Palmtree1970 Posted August 17, 2015 Report Share Posted August 17, 2015 The most logical theory to this artical is skip the zeros off a 25,000 note and then you have a 25 dinar note x 3 there's your 3k per 1 million dinars ...there's no way 1million dinars would be worth 3 million dollars just ain't going to happen..... 3 2 Link to comment Share on other sites More sharing options...
climber7 Posted August 17, 2015 Report Share Posted August 17, 2015 That's what I'm trying to clarify Seems to be two very different interpretations on this article I assume Palmtree what you're referring to would be called a lop? Link to comment Share on other sites More sharing options...
Jaxinjersey Posted August 17, 2015 Report Share Posted August 17, 2015 Here is my math on the subject. Where am I wrong? 1,000,000/25000 = 40 physical notes which a lot of us have. 40 X $75 = $3,000 If my math is correct, that ain't anywhere close to a 1 to 1 let alone a 3 to 1. It means that for round figures, those who paid $1,000 for each million dinar will have tripled their investment. Good but not even close to a 1 to 1 reval, or even a 0.50 to 1 reval, we have all been hoping for. That's how I did my math too Kevin. And actually, if a 25k note is actually worth only $22, then the value conversion to $75 equals 3.4 factor (3.409 x 22 = 75)! That would make $1000 investment worth $3,409.00 to be more exact. Link to comment Share on other sites More sharing options...
blueskyline Posted August 17, 2015 Report Share Posted August 17, 2015 What Economist Antoine asks for ? And what the Central Bank does . May still yet be completely different things . Just because he is a well known economist does not mean what he speaks of will happen . They have been debating how to proceed for a long period of time . Link to comment Share on other sites More sharing options...
ChuckFinley Posted August 17, 2015 Report Share Posted August 17, 2015 After reading all of this I am still think any where up to 1 to 1. Unless this person is the true decision maker, it is his opinion. I have to agree that anything less, the dollar will still be king. 3 Link to comment Share on other sites More sharing options...
chinadawg Posted August 17, 2015 Report Share Posted August 17, 2015 ole KAP see"s it like this, 8-16-2015 Newshound Guru Kaperoni Article: "Economist: deletion of zeros from the currency will reduce the dollar traded in the local market" Quote: "He explained that "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market." He wants a $3+ exchange rate. 1 1 Link to comment Share on other sites More sharing options...
gregp Posted August 17, 2015 Report Share Posted August 17, 2015 Thanks Chinadog. I agree with kap. 1 Link to comment Share on other sites More sharing options...
aaanth Posted August 17, 2015 Report Share Posted August 17, 2015 LGD, the 25 note they speak of is our 25,000.00 note with the zero's removed. making our 1.000,000.00 dinar $ 3.000.00 no, actually it might make their 25k note 25 locally in iraq and then turnning that into $75 is great for us. because we're not in iraq and our notes are NOT in iraq. our notes would still be worth thier value. and according to this "economist" it's still coming out to $3.00 to 1 IQD for us. but he is only an economist. it's just his opinion. he isn't the trigger guy. Link to comment Share on other sites More sharing options...
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