navira Posted September 15, 2018 Report Share Posted September 15, 2018 243 dollars is the proceeds from oil sells...and yes that is the HCL proceeds. This money will increase as their currency has purchasing power 7 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted September 15, 2018 Report Share Posted September 15, 2018 5 minutes ago, OMEGA3 said: A lop of the currency would do nothing to immediately increase the purchasing power or the standard of living for a common Iraqi person . Yup Quote Link to comment Share on other sites More sharing options...
Pitcher Posted September 15, 2018 Report Share Posted September 15, 2018 I agree 3n1 and 6ly410, both good posts. “Fred”, there are no dumb questions. 1 4 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted September 15, 2018 Report Share Posted September 15, 2018 3 minutes ago, navira said: 243 dollars is the proceeds from oil sells...and yes that is the HCL proceeds. This money will increase as their currency has purchasing power Looking good bro 3 Quote Link to comment Share on other sites More sharing options...
navira Posted September 15, 2018 Report Share Posted September 15, 2018 6ly410, sure does bro...cheers 1 Quote Link to comment Share on other sites More sharing options...
cranman Posted September 15, 2018 Report Share Posted September 15, 2018 So here is a thought. Right now we are basing everything on a 1-1 scale. What if they exchange the 25000 dinar note (which is worth $ 21 US dollar) for the 25 dinar note and gave it a value of 1 dinar equals $3 US dollars. That would make there 25 dinar note equal to $63 US dollars and at the same time give the Iraqis more purchasing power. Just a thought. 2 2 Quote Link to comment Share on other sites More sharing options...
OMEGA3 Posted September 15, 2018 Report Share Posted September 15, 2018 I want to see an exchange rate that will put a camel in every Iraqi home now . 2 3 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted September 15, 2018 Report Share Posted September 15, 2018 2 hours ago, DWS112 said: Also states on pg 5: اصدار دينار عراقي جديد المعادل الى ألف دينار قديم "Issuing a new Iraqi Dinar equivalent to one thousand dinars" Thank You for posting DWS112, AND The Best Of Your Weekend To You!!! Here is what I get from the Google Translator for Arabic To English when I copy the noted Arabic Text and paste it in the Google Translator: About 547,000,000 results (0.30 seconds) Search Results Translation Result اصدار دينار عراقي جديد المعادل الى ألف دينار قديم Edit 'iisdar dinar eiraqiun jadid almaeadil 'iilaa 'alf dinar qadim ---------------Detect languageAfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBanglaBasqueBelarusianBosnianBulgarianBurmeseCatalanCebuanoChinese (Simplified)Chinese (Traditional)CorsicanCroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHawaiianHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanKurdishKyrgyzLaoLatinLatvianLithuanianLuxembourgishMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianNepaliNorwegianNyanjaPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanScottish GaelicSerbianShonaSindhiSinhalaSlovakSlovenianSomaliSouthern SothoSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshWestern FrisianXhosaYiddishYorubaZuluArabic Issuing a new Iraqi Dinar equivalent to one thousand dinars ---------------AfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBanglaBasqueBelarusianBosnianBulgarianBurmeseCatalanCebuanoChinese (Simplified)Chinese (Traditional)CorsicanCroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHawaiianHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanKurdishKyrgyzLaoLatinLatvianLithuanianLuxembourgishMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianNepaliNorwegianNyanjaPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanScottish GaelicSerbianShonaSindhiSinhalaSlovakSlovenianSomaliSouthern SothoSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshWestern FrisianXhosaYiddishYorubaZuluEnglish Open in Google Translate Feedback Could You supply a link to where You got the Arabic Text from? In The Mean Time................................................................................................ Go Moola Nova! 2 4 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted September 15, 2018 Report Share Posted September 15, 2018 I'm understanding this as 243$ a month ... and it's says 1 new dinar worth 1000 dinar... does this not mean 243 dinar at new rate of purchasing power is like 800$ at 3-1 ... just thinking or does it mean 1 dinar worth 1000 dinar like ... one new dinar has the power to purchase that 1k would have done as is that good for us? What would that rate be at the exchanges 3 Quote Link to comment Share on other sites More sharing options...
cranman Posted September 15, 2018 Report Share Posted September 15, 2018 If I'm reading your question right then 1 dinar would equal .84 cents. That would bw great if we didn't have to exchange the 1000 note for the 1 note. 1 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted September 15, 2018 Report Share Posted September 15, 2018 22 minutes ago, Synopsis said: Could You supply a link to where You got the Arabic Text from? Sure Synopsis. Here is the link: http://almasalah.com/ar/news/150197/خبراء-يضعون-برنامجا-متكاملا-لإحياء-اقتصاد-العراق-وهذه-سبل-الانقاذ Notice at the bottom of the page there is a pdf: "A success center for economic development" scroll to pg. 5 (1st item:) اصدار دينار عراقي جديد المعادل الى ألف دينار قديم I hope this helps. DW 1 1 Quote Link to comment Share on other sites More sharing options...
jg1 Posted September 15, 2018 Report Share Posted September 15, 2018 Mods, please move this thread to the LOP section. 2 Quote Link to comment Share on other sites More sharing options...
cranman Posted September 15, 2018 Report Share Posted September 15, 2018 @jg1 I don't think anyone is pro Lop here. We are just throwing out thoughts and ideas to encourage discussion. What's your thought on what it's saying? Not being confrontational. Just asking. 1 2 4 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted September 15, 2018 Report Share Posted September 15, 2018 (edited) 35 minutes ago, DWS112 said: Sure Synopsis. Here is the link: http://almasalah.com/ar/news/150197/خبراء-يضعون-برنامجا-متكاملا-لإحياء-اقتصاد-العراق-وهذه-سبل-الانقاذ Notice at the bottom of the page there is a pdf: "A success center for economic development" scroll to pg. 5 (1st item:) اصدار دينار عراقي جديد المعادل الى ألف دينار قديم I hope this helps. DW Oh, Yeah, DW, This Helps TREMENDOUSLY - Thank You, Sir!!! Here are the five bullet points translated: Infrastructure of the economy (page 5 of 24 of the slides in the article) Issuing a new Iraqi Dinar equivalent to one thousand dinars The dinar is pegged to a basket of foreign currencies such as the dollar, the euro and the pound Revaluation of Iraqi banks by linking them to foreign banks Strict Linking governmental and non-governmental banks to a network With the Central Bank directly Canceling the currency auction Opening the investment (page 6 of 24 of the slides in the article) Establishment of the Reconstruction Council Establishment of the Board of Investment Council Incorporation of the Investment Authority in the Council Issuing a quarterly report on the entire activities of the Reconstruction Council Allocation of 30% of the budget to the Council of Reconstruction From the bullet point of interest, there are currently 250, 500, 1,000, 5,000, 10,000, 25,000, and 50,000 in circulation today. So a new Iraqi Dinar equivalent to one thousand dinars may mean issued denominations of 0.25, 0.50, 1, 5, 10, 25, and 50. This may be a reason the 50 Iraqi Dinar note was pulled of the streets and voided since May 1, 2015. Apparently, next month the 250, 500, and 1,000 notes are going to be put out there to replace the worn out currency in circulation. It will be interesting to see how the strategy to "issuing a new Iraqi Dinar equivalent to one thousand dinars" is going to be carried out. Ultimately, I believe the Iraqi Dinar we hold will be ReInstated or ReValued but I do not know if there will be a difference in Iraq or the relative time scales for the potential conversion in Iraq to what others outside Iraq will be able to do. Exciting Times For SURE!!! In The Mean Time....................................................... Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!! Edited September 15, 2018 by Synopsis 2 3 4 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted September 15, 2018 Report Share Posted September 15, 2018 2 minutes ago, cranman said: Not being confrontational. True cranman. I'm introducing new info I found on the subject of this post. Pros and Cons are both important. 1 2 3 Quote Link to comment Share on other sites More sharing options...
jg1 Posted September 15, 2018 Report Share Posted September 15, 2018 (edited) 22 minutes ago, cranman said: @jg1 I don't think anyone is pro Lop here. We are just throwing out thoughts and ideas to encourage discussion. What's your thought on what it's saying? Not being confrontational. Just asking. Thanks Craneman. Discussions about a LOP should be in the LOP section. Looks like a lop, smells like a LOP tastes like a LOP. Still holding on to my dinar till the end. LOPster tank Lop talk is not allowed in chat, but you can discuss it here. Keep it respectful. And if you get thrown in the lopster tank... watch out for boiling water. Edited September 15, 2018 by jg1 3 1 Quote Link to comment Share on other sites More sharing options...
cranman Posted September 15, 2018 Report Share Posted September 15, 2018 @jg1 You and me both brother. Im not letting go either. Bought 14 years ago. I considered it lost at that time. Not that I wasn't positive about this investment but it's always been speculative. I understand what your saying about the Lop discussion. I personally hope I say something that looks like a Lop and someone proves my thought wrong. Also I've never visited the Lop section but maybe one time. Too hostile. Lol. I like my discussions civil and adult orientated. 1 Quote Link to comment Share on other sites More sharing options...
cranman Posted September 15, 2018 Report Share Posted September 15, 2018 @Synopsis I like your thinking! 2 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted September 15, 2018 Report Share Posted September 15, 2018 I love the news right now... the timing of everything..exchange rate shock haha... brilliant 4 Quote Link to comment Share on other sites More sharing options...
3n1 Posted September 15, 2018 Report Share Posted September 15, 2018 i have always understood from the beginning when i researched and bought iqd that iraq has always planned to introduce LD's or currency without the 3 zero's , the "delete the zero project " was first introduced by shabbs with a changed rate the two denoms would circulate inside iraq for a set period of time , what we were never told was / is how the iqd outside the country will be handled and that is where the guru bull mess went wild the rest is history ... appreciate all the different thoughts 2 4 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted September 15, 2018 Report Share Posted September 15, 2018 9 minutes ago, 3n1 said: what we were never told was / is how the iqd outside the country will be handled and that is where the guru bull mess went wild the rest is history Well Said, 3n1, AND The Best Of Your Weekend To You!!! Go Moola Nova! 2 Quote Link to comment Share on other sites More sharing options...
cranman Posted September 15, 2018 Report Share Posted September 15, 2018 Well, G. Bush did say the war wouldn't cost us anything. We maybe excluded from anything that happens inside Iraq's borders when the currencie are changed. Every once in awhile an event occurs that you're lucky enough to be a part of. Look at the Marshall plan. 2 3 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted September 15, 2018 Report Share Posted September 15, 2018 54 minutes ago, Synopsis said: Exciting Times For SURE!!! 1 Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted September 15, 2018 Report Share Posted September 15, 2018 I have always believed it would be an extra ordinary event...... I can’t prove it, it’s what my gut has told me.... hopefully it will have been worth all this wait and that the capital I invested won’t be for nothing...... To be honest, whatever the outcome, so much has been learned and gleaned from members here and in VIP! So it has been rewarding in that regard Hopefully we’ll get the whipped cream and cherry 🍒 on top here of our RV Sunday with a rate of .84-$1 or better!!! Sleep well DV 3 2 Quote Link to comment Share on other sites More sharing options...
NextYear Posted September 15, 2018 Report Share Posted September 15, 2018 (edited) 5 hours ago, DWS112 said: Yes, we have a problem. The new 1 Dinar will be equal to the 1000 dinar note we hold. 5 hours ago, Floridian said: We don't want this. ☹️ It's not all bad news depending on how much one spent on the dinar initially. If you hold 40 25,000 notes that's 1,000,000. If those notes will now be 25 dinar times 40 count, that's $1,000 usd at an exchange rate of 1-1. I'm sure most bought 1,000,000 dinar a lot less than $1,000 usd. So it'll either be a break even (counting exchange fees) or a few bucks left over. If the exchange rate is 3-1 that'll give you a few thousand profit over the initial investment. Still not a loss anyway you look at it. We just won't be able to buy that dream house and yacht. Edited September 15, 2018 by NextYear 1 1 Quote Link to comment Share on other sites More sharing options...
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