navira Posted August 20, 2019 Report Share Posted August 20, 2019 13 minutes ago, jg1 said: I heard the rate will not just be calculated by reserves but also their total resources also. Yup...oil n gas, gold, reserves...n more 1 2 8 Quote Link to comment Share on other sites More sharing options...
DF#1 Posted August 20, 2019 Report Share Posted August 20, 2019 2 hours ago, Floridian said: Yeah, but when, when? 😁 Ha ha .... if we only new..... 😂 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted August 20, 2019 Report Share Posted August 20, 2019 1 hour ago, pontiyak said: Iraq does not have the reserves to RV to $3.20. It's not going to happen. Iraq could easily RV to .10 cents to start and then increase gradually. They could also RV to $1.10 but would need to restrict how much you could convert over a period of time. Think of it this way.... if a basic Iraqi family has 1 million dinars stuffed under the mattress and the Dinar RV'd to $3.20, that family would now be worth 3.2 million dollars. It isn't going to happen. It's to destabilizing to the economy and Iraq can't foot the bill. Now bear with me as I give you all a Yak hug.... I believe the Dinar is worth at least $2.00 and if Iraq stabilizes it could close in on $3.00. But that is going to take time. Yup...more time. Iraq reportedly has more oil than Saudi Arabia and look at the price of the Saudi currency. Iraq is going to be a major player in the region and the value of their currency will reflect that. In time. If Iraq does small RV's or goes to the Forex at some point, which I don't see happening just yet, we will do pretty good. If they do an RD then we wasted a lot of time for a very small return. This is turning into a very long term investment and I'm frustrated too. But common cents seems to be a rarity these days. The best things in life RV yak Seriously how long you been invested....pay attention to former oil minister under Saddam Hussein and current oil minister...because they have over 350 billion barrels....just google and you will find..which will put them at number one for oil and gas! 6 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted August 20, 2019 Report Share Posted August 20, 2019 8 hours ago, navira said: This right here suggests either increase the rate or let it float and let the market decides: He added, "The Committee will work in the future to raise the price of the dinar against the dollar and give it strength among other currencies in the Arab world,or at least maintain the current exchange rate to have a monetary power within the local market Yep...it’s coming baby! 7 Quote Link to comment Share on other sites More sharing options...
Artitech Posted August 20, 2019 Report Share Posted August 20, 2019 I may have reverse my edict! this could happen before the first of the year! Even if it comes out at .10 Im gone and I will be one happy camper! JMHO 2 2 1 4 Quote Link to comment Share on other sites More sharing options...
aitshioud Posted August 20, 2019 Report Share Posted August 20, 2019 i dont even get excited about these articles any more. lets see some action, enuf talk. 1 14 Quote Link to comment Share on other sites More sharing options...
Scoopster Posted August 20, 2019 Report Share Posted August 20, 2019 5 hours ago, Floridian said: Yeah, but when, when? 😁 Soon!⏳ 3 Quote Link to comment Share on other sites More sharing options...
presence Posted August 20, 2019 Report Share Posted August 20, 2019 This is an interesting post. It reminds me of an analogy I read on this site years ago... "Where there's smoke there's fire..." I personally believe that committees have already been formed and that conclusions have already been reached on this subject and that that there are other reasons as to why this aticle is being published and released now. On a semi-related note, can anyone confirm for me that it was the IMF that was untimately responsible for the devalueation and replacement of the Sadam notes in 2003? I am pretty sure I read something on it in Adam's cash-in guide 9 years ago.... As another saying goes: "what goes up must come down"... which leads to... "what goes down must come up"... Go RV!!! 2 8 Quote Link to comment Share on other sites More sharing options...
Engine1 Posted August 20, 2019 Report Share Posted August 20, 2019 11 hours ago, navira said: This right here suggests either increase the rate or let it float and let the market decides: He added, "The Committee will work in the future to raise the price of the dinar against the dollar and give it strength among other currencies in the Arab world,or at least maintain the current exchange rate to have a monetary power within the local market Looks like they try to cover all their bases. Raise the price of dinar against the dollar or maintain the current exchange rate. Yup either raise or keep it the same. At least they didn't add drop in value. 1 1 Quote Link to comment Share on other sites More sharing options...
VIRGINPARADIZE Posted August 20, 2019 Report Share Posted August 20, 2019 Reality is that the people in power in Iraq are living high on the hog with accumulated U$D, obtained legally or not over the years. What's the incentive for them of the Iraq Dinar revaluation when the U$D is King. Go figure. They are in privileged positions with endless opportunities. All international transactions are done in USD. The common folks will have to fend for themselves. My take. 1 Quote Link to comment Share on other sites More sharing options...
zul Posted August 20, 2019 Report Share Posted August 20, 2019 6 hours ago, Stabstones said: 3.20.. Back to old value Sounds good........ owh my.....this is so tiring, the horse just won't stop. 1 4 5 Quote Link to comment Share on other sites More sharing options...
zul Posted August 20, 2019 Report Share Posted August 20, 2019 11 hours ago, newbieDA said: Even though it is interesting, it means nothing. A committee made a committee. My . A sub committee would be able to give more focus on their task. I (too) think they already have a working team, working on this. 2 13 Quote Link to comment Share on other sites More sharing options...
screwball Posted August 20, 2019 Report Share Posted August 20, 2019 Isn’t interesting the articles come out the same time as budget talk, wonder why? What’s so different about this budget? 2 2 5 Quote Link to comment Share on other sites More sharing options...
screwball Posted August 20, 2019 Report Share Posted August 20, 2019 In MHO which counts for nothing I say that committed were formed a long time ago and decision to delete zeros and launch reconstruction budget go hand in hand.. 2 7 Quote Link to comment Share on other sites More sharing options...
jg1 Posted August 20, 2019 Report Share Posted August 20, 2019 8 hours ago, Engine1 said: Looks like they try to cover all their bases. Raise the price of dinar against the dollar or maintain the current exchange rate. Yup either raise or keep it the same. At least they didn't add drop in value. Yep, either raise the rate or do a lop. lol. So informative. 1 Quote Link to comment Share on other sites More sharing options...
2fast4u2c Posted August 20, 2019 Report Share Posted August 20, 2019 14 hours ago, Laid Back said: - Foreign currency reserves $72 billion dollars and growing - Gold reserves 96.5 Tons and growing - Oil production growing - Oil exports growing - Inflation +/-2% I believe they will raise the value of the IQD Go CBI Go RV Go $1:1 They have "maintained" for 15 years so they don't need a committee to do that...lets hope we see a change in October. 1 4 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted August 20, 2019 Report Share Posted August 20, 2019 14 hours ago, newbieDA said: in 2014 that the Central Bank completed its preparations for the issuance of coins of seven small categories gradually in a project that takes between four to five years to complete. Ok guys, times up! DO IT! ⏰ 3 1 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted August 20, 2019 Report Share Posted August 20, 2019 16 hours ago, Floridian said: Yeah, but when, when? 😁 Thanks for your input Floridian, My window of opportunity for an RV continues to be the same Last quarter 2019 First quarter 2020. 16 hours ago, Stabstones said: 3.20.. Back to old value Stabstones, I’m a believer of $1:1 but if we get $3.20 it will be fantastic. 16 hours ago, wc41 said: Exactly, RI instead of RV 😉 wc41, I like your enthusiasm 👍🏼 Go RV Go $1:1 Go asap 2 1 4 Quote Link to comment Share on other sites More sharing options...
Popular Post TexasMike1958 Posted August 20, 2019 Popular Post Report Share Posted August 20, 2019 23 hours ago, navira said: This right here suggests either increase the rate or let it float and let the market decides: He added, "The Committee will work in the future to raise the price of the dinar against the dollar and give it strength among other currencies in the Arab world,or at least maintain the current exchange rate to have a monetary power within the local market In my very uneducated dinar opinion, in order to give their currency strength among other currencies in the Arab world, they will have to come out at higher than .10 They should be opening up at anywhere from .85 to $1.15. Again, just my thoughts. 1 18 Quote Link to comment Share on other sites More sharing options...
dinarham Posted August 20, 2019 Report Share Posted August 20, 2019 Iraq's GDP for 2019 is 2.8 . GDP for 2020 is predicted to be almost triple at 8.3 2 2 Quote Link to comment Share on other sites More sharing options...
pontiyak Posted August 20, 2019 Report Share Posted August 20, 2019 23 hours ago, jg1 said: I heard the rate will not just be calculated by reserves but also their total resources also. jg1: There has been talk on many forums that a countries currency should or could be valued on it's provable resources, it's gold holdings, it's trade balance, and a few other factors. It sounds good in principle, but the implementation might be problematic. The value of some countries currency might actually go down. The best things in life RV yak 2 1 Quote Link to comment Share on other sites More sharing options...
Stabstones Posted August 20, 2019 Report Share Posted August 20, 2019 8 hours ago, Laid Back said: Thanks for your input Floridian, My window of opportunity for an RV continues to be the same Last quarter 2019 First quarter 2020. Stabstones, I’m a believer of $1:1 but if we get $3.20 it will be fantastic. wc41, I like your enthusiasm 👍🏼 Go RV Go $1:1 Go asap LB.. since 15 year ago.. I'm still stick with 1:1.. and still hold on it..😁 1 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted August 20, 2019 Report Share Posted August 20, 2019 17 minutes ago, Stabstones said: LB.. since 15 year ago.. I'm still stick with 1:1.. and still hold on it..😁 We are on the same page my friend.. Go RV Go $1:1 1 2 Quote Link to comment Share on other sites More sharing options...
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