Luigi1 Posted November 8, 2020 Report Share Posted November 8, 2020 Luigi found these articles of Dinarian interests... Kaperoni explains why Iraq can't RV at this time. Economic success must come first & foremost. Treat as a rumor. Not varafied. Your opine. 11-7-2020 Newshound Guru Kaperoni ...Iraq Is In A Financial Crisis & Is About To Go Broke. THERE IS NO RV. A Country's Exchange Rate Is Based On The Growth & Economic Success Of The Economy & Monetary Policy Is A Tool To Counter Inflationary Pressure As A Result Of That Growth. It's Not Some Random Act Just To Give Wealth To People. THE WHOLE IDEA OF A REVALUATION (RV) IS NONSENSE. Central Banks Don't Work That Way & It Contradicts Monetary Policy. Remember: The Central Banks Are In Business To Make Money Not Give It Away. If Iraq Ever Had The Intention To Significantly Overnight RV They Wouldn't Have In Excess Of 40 Trillion Dinar In Circulation Outside The Banking System In Iraq. That's Just Too Much Money. 11-8-2020 Newshound/Intel Guru RVAlready [ I think it is more likely that if there was agreement on Article 140 there would be an RV. The problem is that you can't verify anything.] Yes. On Oct 10, 2020, the US embassy congratulated Iraq on implementing Article 140. 11-7-2020 Newshound Guru Jeff I know a lot of you guys keep kind of shooting your options out in the background saying 'Oh, if Biden gets in, this is never gonna happen.' Bull crap! Iraq is not stopping. Iraq is continuing to push forward. The U.S. elections will have no impact on this at all...in Iraq life is moving forward as normal regardless of the elections...stay focused on Iraq. Don't focus on our political mess... 1 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted November 9, 2020 Report Share Posted November 9, 2020 18 hours ago, Luigi1 said: 11-7-2020 Newshound Guru Kaperoni ...Iraq Is In A Financial Crisis & Is About To Go Broke. THERE IS NO RV. A Country's Exchange Rate Is Based On The Growth & Economic Success Of The Economy & Monetary Policy Is A Tool To Counter Inflationary Pressure As A Result Of That Growth. It's Not Some Random Act Just To Give Wealth To People. THE WHOLE IDEA OF A REVALUATION (RV) IS NONSENSE. Central Banks Don't Work That Way & It Contradicts Monetary Policy. Remember: The Central Banks Are In Business To Make Money Not Give It Away. If Iraq Ever Had The Intention To Significantly Overnight RV They Wouldn't Have In Excess Of 40 Trillion Dinar In Circulation Outside The Banking System In Iraq. That's Just Too Much Money. quick quick quick you better sell off your dinar now and don't you dare to touch it again forever. 1 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted November 9, 2020 Report Share Posted November 9, 2020 Kaperoni is a flog..,clueless 4 Quote Link to comment Share on other sites More sharing options...
Bandit795 Posted November 9, 2020 Report Share Posted November 9, 2020 On 9/9/2019 at 5:57 PM, Bandit795 said: Last month Kap said 8%-15% a year. The IQD would take 51 years to reach $1 worth with such a float. Kap is wrong. Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted November 9, 2020 Author Report Share Posted November 9, 2020 3 hours ago, Bandit795 said: On 9/9/2019 at 5:57 PM, Bandit795 said: Last month Kap said 8%-15% a year. The IQD would take 51 years to reach $1 worth with such a float. Kap is wrong. Iraq is a failed state. If it took that long, Iraq will stay failed. The International Community won't allow Iraq to fail. 1 Quote Link to comment Share on other sites More sharing options...
alreis Posted November 9, 2020 Report Share Posted November 9, 2020 ok, i am lost now. if you have a value of $3.22/1 IQD and you change it to $1/ 1190 IQD, why can you lower the value but not raise the value? 1 1 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted November 10, 2020 Report Share Posted November 10, 2020 15 hours ago, alreis said: ok, i am lost now. if you have a value of $3.22/1 IQD and you change it to $1/ 1190 IQD, why can you lower the value but not raise the value? Just simply remove the 3 zeros from rate and adjust as per inflation. Rate is program to ensure compliance 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted November 10, 2020 Report Share Posted November 10, 2020 Iraqi Dinar History During British occupation in World War I, the Indian Rupee was introduced as the first official currency of Iraq. In 1932, the Iraqi Dinar replaced the Rupee at a rate of 1 Dinar to 11 Rupees and was pegged to the British Pound until 1959. The peg was then switched to the US Dollar at a rate of 1 IQD to 2.8 USD. After the Gulf War in 1991, previously used Swiss printing technology was not available, resulting in new notes being of lesser quality. The previous versions of the Iraqi Dinar started being called Swiss Dinars. Due to excessive government printing of the new issue, the Dinar devalued quickly. New Dinar coins and notes were issued in 2003 to replace old Saddam notes to create a single unified currency. In 2010, the Central Bank of Iraq announced their plans to redenominate the Iraqi Dinar to ease cash transactions. The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged. Although the announcement stated that the change would take place by the end of 2010, no redenomination took place. As stated by the Central Bank of Iraq, their mandate is to "ensure domestic price stability and foster a stable competitive market based financial system." For more information about the redenomination, read "Iraq Planning Currency Re-denomination." Exchange rate history as per IMF April 29, 2011 0.000527732, Friday April 30, 2010 0.000566092, Friday April 30, 2009 0.000570626, Thursday April 30, 2008 0.000512352, Wednesday April 30, 2007 0.000516326, Monday April 28, 2006 0.000460244, Friday April 29, 2005 0.000451682, Friday September 22, 2004 0.000466938, Wednesday September 08, 2003 2.53758, Monday April 30, 2002 2.53758, Tuesday April 30, 2000 2.43852, Sunday April 30, 1999 2.38074, Friday April 30, 1998 2.38881, Thursday April 30, 1997 2.3558, Wednesday April 30, 1996 2.21848, Tuesday April 30, 1995 2.04504, Sunday April 30, 1994 2.26323, Saturday April 30, 1993 2.26004, Friday April 30, 1992 2.34852, Thursday April 30, 1991 2.39924, Tuesday April 30, 1990 2.46985, Monday April 28, 1989 2.48283, Friday April 29, 1988 2.32407, Thursday April 30, 1987 2.46269, Wednesday April 30, 1986 2.73556, Tuesday April 30, 1985 3.24557 , Tuesday Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, The IMF as part of the rebuilding of Iraq is monitoring their finances and for this purpose uses a single rate (not a sell/buy) of 1170 dinars per dollar. This "program rate"[5] is used for calculations in the IMF monitoring program and is not a rate imposed on Iraq by the IMF. 1 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted November 10, 2020 Report Share Posted November 10, 2020 New notes new rate devalued three zeros...new rate zeros removed new lower denoms.. 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted November 10, 2020 Report Share Posted November 10, 2020 1 hour ago, screwball said: Iraqi Dinar History During British occupation in World War I, the Indian Rupee was introduced as the first official currency of Iraq. In 1932, the Iraqi Dinar replaced the Rupee at a rate of 1 Dinar to 11 Rupees and was pegged to the British Pound until 1959. The peg was then switched to the US Dollar at a rate of 1 IQD to 2.8 USD. After the Gulf War in 1991, previously used Swiss printing technology was not available, resulting in new notes being of lesser quality. The previous versions of the Iraqi Dinar started being called Swiss Dinars. Due to excessive government printing of the new issue, the Dinar devalued quickly. New Dinar coins and notes were issued in 2003 to replace old Saddam notes to create a single unified currency. In 2010, the Central Bank of Iraq announced their plans to redenominate the Iraqi Dinar to ease cash transactions. The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged. Although the announcement stated that the change would take place by the end of 2010, no redenomination took place. As stated by the Central Bank of Iraq, their mandate is to "ensure domestic price stability and foster a stable competitive market based financial system." For more information about the redenomination, read "Iraq Planning Currency Re-denomination." Exchange rate history as per IMF April 29, 2011 0.000527732, Friday April 30, 2010 0.000566092, Friday April 30, 2009 0.000570626, Thursday April 30, 2008 0.000512352, Wednesday April 30, 2007 0.000516326, Monday April 28, 2006 0.000460244, Friday April 29, 2005 0.000451682, Friday September 22, 2004 0.000466938, Wednesday September 08, 2003 2.53758, Monday April 30, 2002 2.53758, Tuesday April 30, 2000 2.43852, Sunday April 30, 1999 2.38074, Friday April 30, 1998 2.38881, Thursday April 30, 1997 2.3558, Wednesday April 30, 1996 2.21848, Tuesday April 30, 1995 2.04504, Sunday April 30, 1994 2.26323, Saturday April 30, 1993 2.26004, Friday April 30, 1992 2.34852, Thursday April 30, 1991 2.39924, Tuesday April 30, 1990 2.46985, Monday April 28, 1989 2.48283, Friday April 29, 1988 2.32407, Thursday April 30, 1987 2.46269, Wednesday April 30, 1986 2.73556, Tuesday April 30, 1985 3.24557 , Tuesday Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, The IMF as part of the rebuilding of Iraq is monitoring their finances and for this purpose uses a single rate (not a sell/buy) of 1170 dinars per dollar. This "program rate"[5] is used for calculations in the IMF monitoring program and is not a rate imposed on Iraq by the IMF. When i see the exchange rate history, the highest rate is 3.24557 on april 30,1985. And a lower rate is 2.53758 on september 08, 2003. Hopefully, when it rv, the rate is between 2.53758 - 3.24557. But i don't mind running to the bank if it rv between 0.1 - 0.9. Come rv. 1 5 Quote Link to comment Share on other sites More sharing options...
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