Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

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


Luigi1
 Share

Recommended Posts

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...

  • Like 1
  • Upvote 2
Link to comment
Share on other sites

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.

  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

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.

  • Upvote 1
Link to comment
Share on other sites

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.

  • Like 1
  • Upvote 2
Link to comment
Share on other sites

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.

  • Like 1
  • Upvote 5
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    No registered users viewing this page.



  • Similar Content

    • By Luigi1
      Luigi found this Breitling article of Dinarian interests...
      Remember, this is only one man's opinion.
      Treat as a rumor. Not varafied. Your opine.
       
       
      Guru Breitling:
      Let’s do a thought experiment. Let’s say you live in Iraq and you have a certain amount of currency. They are not going to gain like you and I are.  Because we bought with U.S. dollars. That means we bought it at a tenth of a penny. Well their economy is set up at a tenth of a penny.  In other words they didn’t pay anything. The currency was just given to them.  If you go buy a coke at a tenth of a penny [Or 1450 dinars] and the value goes up because there’s a revaluation or they just simply corrected their currency – they’re just going to move the decimal over.  Now it’s just a dollar. So now you have the currency that’s a dollar and a coke that has the price tag that’s a dollar…There’s going to be a little bit of gain for them but not like you and I are going to get because we bought with the U.S. dollar. That’s a principle you have to understand.
       
    • By Luigi1
      Luigi found this article of Dinarian interests...
      Charlie Ward says it already RVed in country.
      Treat as a rumor. Not varafied. Your opine.
       
       
      Charlie Ward:
      NV: You were saying the Iraqi Dinar has already revalued….Is that correct?
      CW: Yes….for the last 48 hours…the Iraqis within Iraq have been able to exchange 1 dinar to 1 US dollar. It will actually be a USN or US note….that process already started because their budget was approved and they have already started. This is just within Iraq.
      You will only hear about this through people like us because the MSM have chosen to not tell us the truth….but, we are used to that.
      Nick and Charlie then invite Iraqis living in Iraq to come on with them and tell us all about it…..
      NV: So Charlie, are you suggesting we are very close to the currency revaluations now?
      CW: Yes…imo we are hours away from the revaluations and the global currency reset and the QFS starting off……we are very, very close.
      Everything from a “human” point of view has been done. The codes are in, the system is ready to be turned on…
    • By Luigi1
      Luigi found these articles of Dinarian interests...
      Iran is stripping Iraq of it's wealth...Iraqis protesting.
      Iran backed militias rocket attacks on US Embassy...some facilities burning.
      This is not the CBI stable environment it needs for a RV.
      The Gurus say the RV has started in celebration of Chinese New Year but there is no evidence.
      Treat as rumors. Not varafied. Your opine.
       
       
       
      DELTA: Saturday reports:
      The CBI staff members allegedly caught stealing money from the auctions and supporting Iranian factions.
      Iraqi TV is broadcasting the scandal and that other countries are now concerned about Iran stealing resources from Iraq. Citizens are angry with the CBI.
      Saleh is returning from Rome and will meet with blocs to announce the new Prime Minister.
      Protestors are in the streets chanting that Sadr has betrayed them by his supporting of Iran.
      Iraqi TV broadcasts that the new PM will announced on Sunday.
       
       
      BAS News: Iraq’s PM slams Katyusha rocket fire at US embassy in Baghdad.
      Iraq’s caretaker Prime Minister Adil Abdul-Mahdi slammed Sunday evening fire of Katyusha rockets at the US embassy in Baghdad, warning the attack posed “dangerous ramifications” to the country and risked turning it into a “battlefield”.
       
      RUDAW News: Rocket Attack Burns US Embassy’s Restaurant: Former Iraqi FM. The Sunday rocket attack reportedly resulted in the destruction and burning of the restaurant of the US embassy in Baghdad, a former Iraqi FM has revealed.
       
    • By Luigi1
      Luigi found this article of Dinarian interests...
      Luigi asks...Can there be a RV without HCL or Article 140?
      Treat as a rumor. Not varafied. Your opine.
       
       
       
       
      7 Sep 2019     From The Throat Of The Goat     ARTICLE:
      “SHARE OF KURDISTAN RISE TO MORE THAN 17% OF THE FEDERAL BUDGET” SO THE KURDS, FOR NOW, GET WHAT THEY WANTED to survive yet another budget. But this is NOT over until parliament passes the “referendum” required by the new 2005 Iraqi Constitution. Read my lips – ARTICLE 140 IS NOT DONE UNTIL A LAW IS PASSED. So they absolutely must get this referendum passed or this will continue on forever and ever for each of the year’s budgets! ARTICLE 140 IS NOT DONE!

       
    • By Luigi1
      Luigi found this rumor of Dinarian interests...
      What's going on?  IQD is still under the old Program Rate.
      Treat as a rumor. Not varafied. Your opine.
       
       
       
      30 July 2019   Bruce The Goose....
      1. Tier 2 has received total liquidity – then they had a 20 hour audit, then Tier 3 started liquidity – then they had a 20 hour audit, which completed                  yesterday afternoon Mon. July 29.
      2. The Dinar came up Sun, Mon on bank screens.
      3. The Zim rates came up yesterday evening 5:45 EST on the bank screens.
      4. Tier 4a should be getting started tonight or overnight tonight with access in their accounts as early as tomorrow Wed. July 31.
      5. Tier 4b (the internet group) may start as soon as Tier 4a became liquid.
      6. Banks were receiving the new USTN in great numbers.
      7. We could get the 800#s late morning tomorrow Wed. July 31 and begin appointments by Thurs. Aug. 1.
      8. There was a date stamp for the Zim rate on the bank screens for today Tues. July 30 and tomorrow Wed. July 31.
  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.