Kaperoni Explains Why The Whole Idea Of A RV Is Nonsense.

[Luigi1]

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...

[rvmydinar]

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.

[screwball]

Kaperoni is a flog..,clueless

[Bandit795]

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. 

[Luigi1]

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.

[alreis]

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?

[screwball]

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 

[screwball]

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.

[screwball]

New notes new rate devalued three zeros...new rate zeros removed new lower denoms..

[rvmydinar]

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.