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Adam Montana Weekly 27 November 2019

Adam Montana

By Adam Montana,
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Adam Montana Proficient

Adam Montana

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Happy Wednesday DinarVets!

 

I'll get to Iraqi Dinar in a minute - first, a couple headlines.

 

1. Michael Bloomberg officially entered the race for 2020 US President. We've all seen people blow a ton of money, and he can't/won't win (Vegas odds are +2500 currently), so I wonder if there's an ulterior motive here. Anyone have any thoughts on that?

2. Thanksgiving is tomorrow! I'm thankful for many things, one of which is the fact that I'm not travelling through Denver right now. 480+ flights were cancelled through Denver International yesterday... eek! 😬 

3. One of these days, we're going to see the IQD revalue. I'm sure of that. What I am NOT sure about is if we will ever hit the lotto big... but you can't share if you don't play! Get in this week's lotto pool here.

 

Of course, you don't want to miss out on the Black Friday special going on right now! Use code "go2019rv" for 25% off on your VIP upgrade or extension. Click here to select the VIP package you want. 

 

:twothumbs: 

 

On to the Iraqi Dinar!

 

The "hot topics" on the subject seem to be budget, budget, and also... Budget. Included in the Budget is always some kind of reference to the rate of the Iraqi Dinar, and every year we have a variety of interpretations on how the Budget will work with a change in the value of the Dinar.

 

To keep things extremely simple, we can just summarize - the "new rate" does not need to be in the Budget. The Budget doesn't have to take a rate change into account. The rate mentioned in the Budget doesn't mean a thing!

 

The reason is very simple. When they change the rate, there are a few ways they can do it. In any of these cases, a one paragraph amendment to the budget will keep things correct.

 

For example, the exchange rate is currently 1190:1 (IQD:USD). If they move the exchange rate closer to $1, they might move the decimal 3 places to the left making 1.19 IQD = $1 USD. Adjusting the budget is mind blowingly simple - a one paragraph amendment reads as follows:

 

Quote

Due to the sudden difference in exchange value as implemented by the Central Bank of Iraq on (December 4, 2019), all values in the Budget shall be adjusted 3 zeros to the left. In other words, an allocation of 1,000,000 Iraqi Dinar is now adjusted to 1,000 Iraqi Dinar.

 

It doesn't have to be complicated! And that right there covers pretty much everything.  

 

There was also a comment recently by one of the gurus about the new notes being introduced after the rate is changed. I don't normally comment on the comments of others, especially the "gurus", but I happen to agree with this one.

 

There is no reason to introduce new notes without a rate change. Introducing them before a rate change wouldn't make sense. And the fact that there are new notes for us to talk about is a huge indication that there is a rate change in progress or planned.

 

:twothumbs:

 

But wait, there's more! Want something else to smile about?

 

How about this... HCL incoming!!!

 

 

Check out that article, and a couple of the following posts in that thread... the writing is on the wall!

 

That's it for now, friends... this post was meant to be up much earlier today, so I'll wrap it up here.

 

GOOOO RRRVVVVVV!!!!

 

:tiphat:

 

- Adam

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bostonangler Newbie

bostonangler

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Thanks Adam and I hope you have a safe and happy holiday with your family.

 

The budget news sounds great and if the LD notes are out there, I sure wish someone would take a picture of them...

As for Bloomberg, if nothing else he will get a nice tax break for his large expense...

 

 

Image result for happy thanksgiving gif

 

B/A

Edited by bostonangler
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Synopsis Grand Master

Synopsis

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Posted

 

20 minutes ago, Adam Montana said:

 

Quote

Due to the sudden difference in exchange value as implemented by the Central Bank of Iraq on (December 4, 2019), all values in the Budget shall be adjusted 3 zeros to the left. In other words, an allocation of 1,000,000 Iraqi Dinar is now adjusted to 1,000 Iraqi Dinar.

 

 

:o   :o   :o

 

Nominal AND for Illustration Purposes ONLY I suspect. Or am I???!!!

 

:lmao:   :lmao:   :lmao:

 

:twothumbs: YOU The BEST, Adam, AND Thank You For Your Additional Posts THIS Thanksgiving Season!!! :tiphat:

 

Go Moola Nova!

:pirateship:

 

(P.S. Well, OK, I am "trying" "harder". Maybe BABY I will be "cited" "accordingly".  :lmao:   :lmao:   :lmao: )

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Floridian Experienced

Floridian

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Posted (edited)
8 minutes ago, Floridian said:

I don't understand.  If 1,000,000 dinar becomes 1,000 dinar, isn't that a LOP?

 

".....all values in the Budget shall be adjusted 3 zeros to the left. In other words, an allocation of 1,000,000 Iraqi Dinar is now adjusted to 1,000 Iraqi Dinar".......

 

Oh wait!  I get it now.

You're talking about adjusting the budget, not the currency.  Whew!

Edited by Floridian
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DWitte Newbie

DWitte

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So, is Iraq looking at getting new money???  First I've heard of it.  Any truth to this?

 

Anybody ever hear from Sandfly???

 

Happy Holidays everyone.  Thanksgiving, day before Thanksgiving, Christmas, Christmas Eve, New Years Eve, New years Day, Dec 18, Dec 42nd and anything else anyone wants to celebrate.

Not a typo, just a joke.

DW OUT

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NEPatriotsFan1 Veteran

NEPatriotsFan1

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Happy Thanksgiving DV! I have a feeling we all have a lot to be thankful for outside of material possessions. Let’s focus on those this Thanksgiving. In the meantime I’ll just leave this right here. Totally politically incorrect, completely historically inaccurate, and while I don’t usually like SNL anymore, they brought back some old cast and it made me chuckle 

 

 

 

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ChuckFinley Community Regular

ChuckFinley

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Posted
1 hour ago, NEPatriotsFan1 said:

Happy Thanksgiving DV! I have a feeling we all have a lot to be thankful for outside of material possessions. Let’s focus on those this Thanksgiving. In the meantime I’ll just leave this right here. Totally politically incorrect, completely historically inaccurate, and while I don’t usually like SNL anymore, they brought back some old cast and it made me chuckle 

 

 

 

Same here nothing beats the original group. 

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Synopsis Grand Master

Synopsis

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Posted
15 hours ago, Floridian said:

I don't understand.  If 1,000,000 dinar becomes 1,000 dinar, isn't that a LOP?

 

".....all values in the Budget shall be adjusted 3 zeros to the left. In other words, an allocation of 1,000,000 Iraqi Dinar is now adjusted to 1,000 Iraqi Dinar".......

 

14 hours ago, Floridian said:

 

Oh wait!  I get it now.

You're talking about adjusting the budget, not the currency.  Whew!

 

WOWZERS!!!

 

:twothumbs: You Were "cited" two (2) Red Ruby Citations TO DATE As Badges Of Honor For You For "Display Of Intellectual Speed And Power", Floridian, CONGRATULATIONS AND Happy Thanksgiving To You!!! :tiphat:

 

I gave You purple trophies instead. I hope You don't mind. :lmao:   :lmao:   :lmao:

 

Hey, I was "cited" ONLY one (1) TO DATE.  :lmao:   :lmao:   :lmao:

 

I prefer to share what I know BUT as a DISTANT second (2nd) BEST, I ENJOY racking up the Red Ruby Citations From The Red Rubymeisters As Badges Of Honor For ME For "Display Of Intellectual Speed And Power" From THEE "intellectually" "envious"!!!

 

:backflip:   :backflip:   :backflip:

 

RED RUBYMEISTERS: COMMENCE!!! With YOUR "intellectual" "envy" AND Let Your Love Flow!!!

 

https://www.youtube.com/watch?v=icF1GTqx1yU

 

Happy Thanksgiving ALL DV!!!

 

Go Moola Nova!

:pirateship:

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