Half Crazy Runner Posted February 18, 2021 Report Share Posted February 18, 2021 4 hours ago, PrehistoricMan said: return a new exchange rate Each dinar equals $ 3, as it was previously. 41 minutes ago, jaybake said: Come on people, this sounds like they are going to lop their currency. If so, how is that good for us? Just wondering. lol Doesn’t sound like a lop to me ... 1 1 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted February 18, 2021 Report Share Posted February 18, 2021 Also, many thanks @PrehistoricManfor bringing this great article! 1 1 Quote Link to comment Share on other sites More sharing options...
gregp Posted February 19, 2021 Report Share Posted February 19, 2021 I looked and couldn’t find anything on this cat. Hopefully he has some say. 1 Quote Link to comment Share on other sites More sharing options...
JonnyV Posted February 19, 2021 Report Share Posted February 19, 2021 5 hours ago, stanleypower said: Can they appoint this guy Governor of the CBI??? Who is he? Quote Link to comment Share on other sites More sharing options...
screwball Posted February 19, 2021 Report Share Posted February 19, 2021 Lobsters are flogs no idea clearly should not in the investment lobsters should sell morons! 1 1 Quote Link to comment Share on other sites More sharing options...
Floridian Posted February 19, 2021 Report Share Posted February 19, 2021 Why is everybody happy about a lop? That's what I would like to know! And then, how long do we have to wait for $3.00 - 10 more years? 15 more years? A new exchange rate is required for the Iraqi dinar towards the US dollar, which is one dinar equals one US dollar. This requires deleting the three zeros, for example, the 1000 dinars become Iraqi dinars, and the million dinars (1,000,000) (becomes) one thousand Iraqi dinars (1000), (this is a LOP) and according to the new exchange rate 1000 dinars equals 1000 US dollars, and this is in the interest of the Iraqi citizen and economy as a first stage and work in the future (yeah! The FUTURE) to return a new exchange rate Each dinar equals $ 3, as it was previously. 2 Quote Link to comment Share on other sites More sharing options...
dinarham Posted February 19, 2021 Report Share Posted February 19, 2021 Iraq has plenty of money to revalue at a high rate ,$5,26. 1 1 2 2 Quote Link to comment Share on other sites More sharing options...
dinarham Posted February 19, 2021 Report Share Posted February 19, 2021 Hang in there ,crazy diamonds ! Quote Link to comment Share on other sites More sharing options...
Donziman Posted February 19, 2021 Report Share Posted February 19, 2021 So right Thugs. coming soooon !!! 1 2 Quote Link to comment Share on other sites More sharing options...
3n1 Posted February 19, 2021 Report Share Posted February 19, 2021 2 hours ago, stanleypower said: Do we know who this guy is? from what i can tell he is a writer 🤣 ....... of opinion piece(s) articles , although most seem level headed not the typical iraqi jibber jabber but real common sense stuff he's not a goi or cbi guy so just reading material to enlighten the masses If u use a translator u can read em all .... cheers dv'ers https://kitabat.com/author/2160/ 1 2 Quote Link to comment Share on other sites More sharing options...
3n1 Posted February 19, 2021 Report Share Posted February 19, 2021 2 hours ago, stanleypower said: Do we know who this guy is? from what i can tell he is a writer 🤣 ....... of opinion piece(s) articles , although most seem level headed not the typical iraqi jibber jabber but real common sense stuff he's not a goi or cbi guy so just reading material to enlighten the masses If u use a translator u can read em all .... cheers dv'ers https://kitabat.com/author/2160/ Quote Link to comment Share on other sites More sharing options...
PrehistoricMan Posted February 19, 2021 Author Report Share Posted February 19, 2021 Just waiting for greedydinar to write a one sentence paragraph about the sky falling... 1 3 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted February 19, 2021 Report Share Posted February 19, 2021 12 minutes ago, dinarham said: Iraq has plenty of money to revalue at a high rate ,$5,26. Exactly but people seam don’t to think so 1 Quote Link to comment Share on other sites More sharing options...
Floridian Posted February 19, 2021 Report Share Posted February 19, 2021 (edited) 23 minutes ago, dinarham said: Iraq has plenty of money to revalue at a high rate ,$5,26. 9 minutes ago, screwball said: Exactly but people seam don’t to think so Oh I know Iraq has money, but what makes you think they will revalue at a high rate? Where's the evidence that the politicians care about their people, or anything else beside their own pocketbooks, for that matter? Remember what happened when Shabibi tried to do the right thing? He dares not come back to Iraq. Edited February 19, 2021 by Floridian 1 1 Quote Link to comment Share on other sites More sharing options...
dinarham Posted February 19, 2021 Report Share Posted February 19, 2021 3 minutes ago, Floridian said: Maybe it's a combination of faith and magical thinking , intuitive think all the way ,and I'm having great fun . Oh I know Iraq has money, but what makes you think they will revalue at a high rate? Where's the evidence that the politicians care about their people, or anything else beside their own pocketbooks, for that matter? Remember what happened when Shabibi tried to do the right thing? He dares not come back to Iraq. Quote Link to comment Share on other sites More sharing options...
screwball Posted February 19, 2021 Report Share Posted February 19, 2021 1 hour ago, Floridian said: Oh I know Iraq has money, but what makes you think they will revalue at a high rate? Where's the evidence that the politicians care about their people, or anything else beside their own pocketbooks, for that matter? Remember what happened when Shabibi tried to do the right thing? He dares not come back to Iraq. They don’t care about the people just their pockets! And that’s why they will revalue! People also loose sight of why the zeros went on? They went on and they will come off! If they revalue at one for one and open up their markets their companies will be bought up for pennies and they do not want this! Think! That’s all people need to do! 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted February 19, 2021 Report Share Posted February 19, 2021 Go $1:1 3 1 1 Quote Link to comment Share on other sites More sharing options...
GreedyDinar07 Posted February 19, 2021 Report Share Posted February 19, 2021 LOL!! PreHstoricman I couldn't resist! This economist is exactly right but the point is will they do it and when. Dinarham has a point as well. The IMF and the World Bank has approved of the devaluation because the CBI has a lack of liquidity.(So they say) The question is how long can the dinar remain at this rate as inflation rises and will the Iraqi People rebel due to poverty. My Dad use to say "pressure will burst a pipe"! The elections are in June and there is Iran to deal with. SMH!! They haven't even passed the budget yet and now they are talking about a supplemental budget. REALLY!! I personally hope something happens after the election and I have read that the barrel of oil could reach $100 this year so if those clowns don't RV at $100 a barrel, they are the biggest damn fools in the world! Something has to give eventually because the new Iraq Dinar was printed before we invaded Iraq so somewhere someone knows but we sure don't. Even though they have been releasing information like this for years, I like this article because it makes sense. Go Rv! (Where is Shabibi when you need him) 1 Quote Link to comment Share on other sites More sharing options...
southbeach Posted February 19, 2021 Report Share Posted February 19, 2021 Speak for yourself. Ive always known, praise God. Quote Link to comment Share on other sites More sharing options...
RV MY DINAR 3USD Posted February 19, 2021 Report Share Posted February 19, 2021 12 hours ago, PrehistoricMan said: A new exchange rate is required for the Iraqi dinar towards the US dollar, which is one dinar equals one US dollar. This requires deleting the three zeros, for example, the 1000 dinars become Iraqi dinars, and the million dinars (1,000,000) one thousand Iraqi dinars (1000), and according to the new exchange rate 1000 dinars equals 1000 US dollars, and this is in the interest of the Iraqi citizen and economy as a first stage and work in the future to return a new exchange rate Each dinar equals $ 3, as it was previously. when they say deleting 3 zeros means the process of " deleting 3 zeros " is implemented in country of iraq only, not out of iraq. so deleting 3 zeros is applied to iraqi citizens only who want to exchange old dinar ( before deleting 3 zeros ) for new lower denoms ( after deleting 3 zeros ). and out of iraq country, the dinar investors will exchange dinar ( before deleting 3 zeros )for dollars in the us at the new exchange rate 1:1 ( the new exchange rate 1000 dinars equals 1000 US dollars or 1:1 ) or 3 usd ( in the future to return a new exchange rate Each dinar equals $ 3 ). i think none of you folks wants to exchange old dinar ( before deleting 3 zeros ) for new lower denoms first, then after that exchange again from new lower denoms ( after deleting 3 zeros ) for dollars ( means no profit=lop=redenomination ) in country of iraq right folks. 1 1 2 Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted February 19, 2021 Report Share Posted February 19, 2021 Correct basically inside of Iraq they will exchange 1 for 1 which in essence is a lop however they get much greater purchasing power which makes the new lower denoms worth more! Outside of Iraq we are not exchanging for the new lower denoms we are exchanging at whatever the current exchange rate will be which is hopefully atleast $1.17 or higher!!! Hope this helps any lopsters out there once again on how the process works, if you don’t believe it works this way then you should have sold out years ago and bought Bitcoin, the same 10k investment back in say 2010 in Bitcoin you would be worth about 500+ Million dollars today...that’s right over half a billion dollars today Friday 2/19 instead of complaining about the still worthless 1/10 of a penny dinar investment saying it’s going to lop. So you made your choice live with it and stop complaining about a stupid lop that will never happen!! 3 1 1 1 Quote Link to comment Share on other sites More sharing options...
PrehistoricMan Posted February 19, 2021 Author Report Share Posted February 19, 2021 3 minutes ago, Dinarrock said: Correct basically inside of Iraq they will exchange 1 for 1 which in essence is a lop however they get much greater purchasing power which makes the new lower denoms worth more! Outside of Iraq we are not exchanging for the new lower denoms we are exchanging at whatever the current exchange rate will be which is hopefully atleast $1.17 or higher!!! Hope this helps any lopsters out there once again on how the process works, if you don’t believe it works this way then you should have sold out years ago and bought Bitcoin, the same 10k investment back in say 2010 in Bitcoin you would be worth about 500+ Million dollars today...that’s right over half a billion dollars today Friday 2/19 instead of complaining about the still worthless 1/10 of a penny dinar investment saying it’s going to lop. So you made your choice live with it and stop complaining about a stupid lop that will never happen!! I love you for this. 2 Quote Link to comment Share on other sites More sharing options...
GreedyDinar07 Posted February 19, 2021 Report Share Posted February 19, 2021 Well Southbeach, what is the date and the rate? Quote Link to comment Share on other sites More sharing options...
Jaygo Posted February 19, 2021 Report Share Posted February 19, 2021 44 minutes ago, GreedyDinar07 said: Well Southbeach, what is the date and the rate? 🤦🏻 1 Quote Link to comment Share on other sites More sharing options...
Theseus Posted February 19, 2021 Report Share Posted February 19, 2021 23 hours ago, Uckiller said: Lop since he mentioned 1000 to 1..1000000 to 1000.. misinterpreted by translation Your reading comprehension needs work. On 2/18/2021 at 1:59 PM, PrehistoricMan said: A new exchange rate is required for the Iraqi dinar towards the US dollar, which is one dinar equals one US dollar. This requires deleting the three zeros, for example, the 1000 dinars become Iraqi dinars, and the million dinars (1,000,000) one thousand Iraqi dinars (1000), and according to the new exchange rate 1000 dinars equals 1000 US dollars, His first sentence clearly states that he wants the exchange rate to be 1:1 or on par with the USD. His second statement is referring to the deletion of the zeroes in which he gives three examples of what removing the zeroes. In the same breath he continues the examples with 1000 dinars equals 1000 USD. That is a removal of the zeroes with an exchange rate of 1:1. If it were a LOP and they just removed the zeros then the exchange rate would not be 1:1. Again you need to read the words and not just point out what you think they say. The guy is talking about how the dinars should be on par with the USD as an exchange rate, remove three zeroes and then work up to the dinar equaling 3 USD. The premise of the article is that the author believes that the dinar's exchange rate should move more towards the dollar and eventually work towards equaling 3 USD. All the while removing three zeroes. This is called a revaluation not a LOP when the exchange rate is involved. A LOP is just the removal of zeroes without changing the current exchange rate. Again reading comprehension. Now it is quite possible they do delete the three zeroes without changing the exchange rate and at a later date increase the exchange rate to a 1:1. If they do that I am confident a great many people would become emotional, beech and moan until there is no end. A good deal would get out of the game and only a few would remain. This could eventually play out to reduce the number of dinars outside of Iraq. 1 1 7 5 Quote Link to comment Share on other sites More sharing options...
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