What would it cost to Revalue the dinar.

[EverCurious452]

Good Morning Markinsa,

Please excuse my ignorance but I'm only trying to understand what you are saying. Truthfully and respectfully I just don't get it.   If I take a 25K notes to the central bank of Iraq they will trade it for equal units such as 5- 5k notes. But if I take my 25K note worth $20 now to a US bank or currency exchange post RV at 1-1 They will give me $25,000. So how does my bank or exchange company go about selling this note back for US dollars? Where does the money come from if not from the Central Bank?

Thanks

You may get an answer about some scheme where the UST will pay for it and they get discounted oil or something.  I think that's totally crazy, but folks hang their hopes on it.  But a simpler question is what happens in Iraq when folks went to spent their new found wealth on imports.  That is what the auctions are for.  The auctions took in something around 1.5 Trillion IQD per week back in 2013 (less now but still a lot).  Post RV, the CBI would have its reserves depleted in seconds just from folks wanting to buy iPhones or bulldozers or cement or whatever and only using a tiny fraction of their new found wealth.

[sxsess]

Well this is the lopster section and you visit here every day Caz. Why cant you tell us why Iraq would do this. Why cant you tell us how they could do this.

 

Because they can't and you know it.

 

But you gotta play the part. I get it. You can't have people telling the truth about this so called investment, So you go on the attack. The best defense is a good offense right? You act  like its personal but it's not. It's business and the lopster section is bad for business.

You really say nothing of substance.. No opinions or facts. Just  BS and dribble.

 

And when you can answer these simple questions of how or why Iraq would ever do this i will gladly answer your petty questions which have no bearing whatsoever on this so called investment.

 

Sxsss knows the answer. He is one of the smart ones

 

Selling 8,000,000 Dinars

Started by sxsess, Oct 13 2015 09:37 AM

25K Notes

Read more: http://dinarvets.com/forums/index.php?/topic/209558-selling-8000000-dinars/#ixzz3vlILPadn

I don't know if I'm one of the smart ones Freedom. I still have 20mm. If I lose $$ at least I will survive. Thank God that he has given me the opportunity to have a decent life and have the ability to invest in other things. I really hope this doesn't turn out to be the scam of the century. Not only for me but for all the others here and in the US. If this does go bad there will be unforeseen repercussions. I pray this doesn't go bad.

[Texstorm]

I don't know if I'm one of the smart ones Freedom. I still have 20mm. If I lose $$ at least I will survive. Thank God that he has given me the opportunity to have a decent life and have the ability to invest in other things. I really hope this doesn't turn out to be the scam of the century. Not only for me but for all the others here and in the US. If this does go bad there will be unforeseen repercussions. I pray this doesn't go bad.

Amen to all of that sxsess ! I truly believe that we are all suppose to be here and I hope that this is our year ! Happy New Years ! 

[EverCurious452]

I don't know if I'm one of the smart ones Freedom. I still have 20mm. If I lose $$ at least I will survive. Thank God that he has given me the opportunity to have a decent life and have the ability to invest in other things. I really hope this doesn't turn out to be the scam of the century. Not only for me but for all the others here and in the US. If this does go bad there will be unforeseen repercussions. I pray this doesn't go bad.

Isn't it already going bad?  Look at the DinarBanker (Sterling Currency) indictment.  It wasn't about some related fund misconduct but directly about the fraud of selling IQD under the premise of an RV when they knew it was not going to happen.  The only way they could know that (the same way any of us can know it) is if its not even possible.  As long as there is a chance, even a very very slim one, you can't know it won't occur.  Alas that is not the case here.

[Antietam]

SD. You hit the nail on the head. That is why I quit believing the 1 to 1 mantra years ago. It just is not physically reasonable. It's never happened in the history of the world. But it sounds logical and reasonable to the financially misguided. ( such as me back then) now I hold on because I believe in a gradual rise over time if the iraqis will take back their own country from the bad guys. I see no good news for us if they don't do this. The CBI can probably maintain a peg of 1166 to 1 indefinitely because of their oil reserves. The IMF and WB will continue to loan them money based on that alone, but they certainly do not have anywhere close to even a ten cent revalue in their reserves. The CBI doesn't have to do one darn thing with the peg at 1166. In fact it's much safer for them if they don't mess with the value of the dinar right now due to all the chaos and uncertainty. Uhoh. I feel a caz rebuttal coming. Wanna bet a 25K on it?

[sxsess]

Amen to all of that sxsess ! I truly believe that we are all suppose to be here and I hope that this is our year ! Happy New Years !

Happy to you and your family Tex! I pray 2016 is better than 2015.

[EverCurious452]

SD. You hit the nail on the head. That is why I quit believing the 1 to 1 mantra years ago. It just is not physically reasonable. It's never happened in the history of the world. But it sounds logical and reasonable to the financially misguided. ( such as me back then) now I hold on because I believe in a gradual rise over time if the iraqis will take back their own country from the bad guys. I see no good news for us if they don't do this. The CBI can probably maintain a peg of 1166 to 1 indefinitely because of their oil reserves. The IMF and WB will continue to loan them money based on that alone, but they certainly do not have anywhere close to even a ten cent revalue in their reserves. The CBI doesn't have to do one darn thing with the peg at 1166. In fact it's much safer for them if they don't mess with the value of the dinar right now due to all the chaos and uncertainty. Uhoh. I feel a caz rebuttal coming. Wanna bet a 25K on it?

First a tiny quibble: the peg is at 1182 now, the street price is likely near 1300.

 

As for a gradual rise if Iraq vanquishes ISIS, gets their economy going, and oil rises.  I would suggest looking at how much the rate has to go up in order for you to make money.  As I keep saying, it can't go past the ratio of reserves to the money supply no matter what the motivation (fighting inflation, or dutch disease or whatever).  As long as the reserves and money supply grow together (from having more exports then imports, i.e. when things improve) it doesn't help you.  I don't see how you can make it work.

[Freedomrules]

SD. You hit the nail on the head. That is why I quit believing the 1 to 1 mantra years ago. It just is not physically reasonable. It's never happened in the history of the world. But it sounds logical and reasonable to the financially misguided. ( such as me back then) now I hold on because I believe in a gradual rise over time if the iraqis will take back their own country from the bad guys. I see no good news for us if they don't do this. The CBI can probably maintain a peg of 1166 to 1 indefinitely because of their oil reserves. The IMF and WB will continue to loan them money based on that alone, but they certainly do not have anywhere close to even a ten cent revalue in their reserves. The CBI doesn't have to do one darn thing with the peg at 1166. In fact it's much safer for them if they don't mess with the value of the dinar right now due to all the chaos and uncertainty. Uhoh. I feel a caz rebuttal coming. Wanna bet a 25K on it?

LOL I'm sure you will never see a rebuttal from Caz. A rebuttal is presented to contradict or nullify. That's not his style. It seems that he never has much to say regarding this investment. He spends most of his time trying to intimidate people. . That might work on the playground but not really possible on an anonymous message board.

Edited December 31, 2015 by Freedomrules

[Markinsa]

Good Morning Markinsa,

Please excuse my ignorance but I'm only trying to understand what you are saying. Truthfully and respectfully I just don't get it.   If I take a 25K notes to the central bank of Iraq they will trade it for equal units such as 5- 5k notes. But if I take my 25K note worth $20 now to a US bank or currency exchange post RV at 1-1 They will give me $25,000. So how does my bank or exchange company go about selling this note back for US dollars? Where does the money come from if not from the Central Bank?

Thanks

 

What do you care? You got your $25,000!  But it is pretty simple, the 25,000 Dinar eventually will end up at the FED, or sold to someone else who needs it to buy something from Iraq.  Banks don't buy or sell currency without charging you a fee.  

 

Below is a link that may help you. 

 

A SIMPLE EXPLANATION OF HOW MONEY MOVES AROUND THE BANKING SYSTEM

 

.

[SocalDinar]

Thanks for the article Markinsa. You are so right that i would not care if I got the money but that day has not come yet so it does concern me. I do understand that there is always a spread and exchanges and banks ( Including the CBI )can determine the spread.

But as your article points out these deposits are liabilities. I'm not sure but I believe every dinar is a liability for the central bank of Iraq. If we see a 1 to 1 RV i would imagine that the banks would be overwhelmed with deposits and liabilities. I have no idea how much physical dinar is out of the country but I'm guessing that its in the trillions ++. I just do not understand how these banks could absorb these liabilities. Let alone the CBI? How much is bought from Iraq. ? They really produce little other than oil and the world wide reserves are full. There is literally no where left to store this oil and still they are pumping the heck out of it.

 

I am just a contractor and no little about these things but again if I can sell my my dinar for millions what do I care where it comes from

 

Thanks and happy New Year

Edited December 31, 2015 by SocalDinar

[Dinarian64]

A friend Convinced me to buy said it has to do with the money for going to make in the spread. By cashing in the dinar they charge spread and all that money will be recaptured but the CBI… so if right now you Pat thousand dollars for $800 with the dinar that's $200 profit that's actually 20%. If one looks at it this way there's quite a lot of money I Racal make on the RV.

[rockfl9]

What do you care? You got your $25,000!  But it is pretty simple, the 25,000 Dinar eventually will end up at the FED, or sold to someone else who needs it to buy something from Iraq.  Banks don't buy or sell currency without charging you a fee.  

 

Below is a link that may help you. 

 

A SIMPLE EXPLANATION OF HOW MONEY MOVES AROUND THE BANKING SYSTEM

 

.

The FED only deals in USD.... That is a fact.. If a US bank takes in a foreign currency it carries it OFF the balance sheet until it can convert to USD. It does that by selling the currency to an agent bank for that currency. THAT is the problem with the dinar. There IS NO agent bank for the dinar.. It seems that the CBI has informed the BIS that it does not now accept transactions in dinar.

All  dinar that has ESCAPED the Iraqi banking system is technically in limbo, the CBI has NO provisions to repatriate it. 

[Freedomrules]

Welcome Botzwana

I'm glad to see you admit this is not an investment and is a total gamble like a casino With worse odds than any game in Vegas.

Maybe you can add something of substance to this thread by answering the qustion of How or why this so called RV can be possible?

Care to give it a shot or would you rather just try to appear forceful

Edited January 3, 2016 by Freedomrules

[Antietam]

Freedom, Don't slam Bots too hard. He/she has financial issues that make a big RV a necessity, or so he/she admitted several months ago. Like I have always said, if you need money for crises that come up, just sell some of your dinar. If you truely believe in a 1 to 1 exchange rate, then holding just 1 million dinar will make you wealthy. If you are holding 20-30 million dinar but are facing real life financial problems, then SELL some back! Don't let the Iraqi dinar become more important than any another financial investment you may have. It is just an investment, it is not a miracle.

[SocalDinar]

"They would get their butts kicked so hard."

 

Now that might be the perfect way to make some quick easy money Bots.  Just get your but kicked by some casino patrons in front of all those cameras. Easy money.  I love it!  Just make sure whoever kicks your but is really really loaded!
 

[Antietam]

Here's a New Years resolution for everyone. Don't let the dinar make your life miserable. It's simply an investment. It is not a prophetic miracle -that is a false teaching. ( 1 Timothy 6:9-10 ) the dinar is no different than a 401k or an IRA. It is an INVESTMENT. It may pay off or it may not. That is out of our hands. But do not let holding dinar become an obsession for you. If you need real money for bills or crises, then sell back some of it. It's no different than having to dip into your retirement accts. It's not disloyal to do so, and don't listen to anyone who says it is. There, I got that off my chest. Now let's pray for better times for iraq, so maybe we CAN make some money off this thing.

[Shabibilicious]

 Cool.....a New Years Resolution in 15 sentences, or less.   

 

GO RV, then BV

[caz1104]

Here's a New Years resolution for everyone. Don't let the dinar make your life miserable. It's simply an investment. It is not a prophetic miracle -that is a false teaching. ( 1 Timothy 6:9-10 ) the dinar is no different than a 401k or an IRA. It is an INVESTMENT. It may pay off or it may not. That is out of our hands. But do not let holding dinar become an obsession for you. If you need real money for bills or crises, then sell back some of it. It's no different than having to dip into your retirement accts. It's not disloyal to do so, and don't listen to anyone who says it is. There, I got that off my chest. Now let's pray for better times for iraq, so maybe we CAN make some money off this thing.

LOL!!!!! I take time off to be with family, only to come back to this!!! Thanks for the obvious recommendations Captain!

[Shabibilicious]

LOL!!!!! I take time off to be with family, only to come back to this!!! Thanks for the obvious recommendations Captain!

 

 

GO RV, then BV    

[Antietam]

Hey, it's the bobsy twins, mitt and biff. I can be assured of one thing here on this site, if I post in the lobster tank, ole caz and Shabs will be quick to respond. Are you two married by any chance?

[caz1104]

Oh and here is another earlier post from the Captain............the sun rises in the east & sets in the west....WOW such knowledge!!! And another doozy............stocks can go up.......or they can come down. Thanks Captain

Edited January 5, 2016 by caz1104

[Shabibilicious]

Hey, it's the bobsy twins, mitt and biff. I can be assured of one thing here on this site, if I post in the lobster tank, ole caz and Shabs will be quick to respond. Are you two married by any chance?

 

I'm not going to go out with you......so get that out of your head right now.    

 

GO RV, then BV

[caz1104]

LOL!!..........Not only is the Captain........obvious............he/she is easy to boot.

[Shabibilicious]

It's okay, Capt.....you never stood a chance.  Many start....few finish.    

 

GO RV, then BV

[Antietam]

HaHaHa, you boys....girls? are a hoot. You must be watching the same screen together. Hey, how about that great news about the peg value.