Friday Night Opinions @ 10:58 PM CST - 3/05/2021

[ronscarpa]

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq. RON

 

 

*** Jeff ***...the rate's gonna do nothing but keep going [up]...it's up to you if you want to rush to exchange it.  I'm not.  I will not be rushing to exchange my currency.  I'm gonna take my sweet time.  There's no reason to rush this.  It's a once-in-a-lifetime opportunity...


*** Frank26 *** Article: "The International Monetary reveals the conditions or granting loans and confirms its support for the white paper and changing the exchange rate"  Do you see the power in what I'm showing you?  I hope you do...the white papers I've told you a billion and a one times contains the new exchange rate...

 

 

[GregHi]

“Mr 100% factual” is forgetting there will probably be a timeframe of a few days to weeks for us to exchange our higher denoms. This has been the case with other countries every time they bring out a different class of money. At some point they consider the older class null and void so they can move on.

[PrehistoricMan]

10 minutes ago, GregHi said:

“Mr 100% factual” is forgetting there will probably be a timeframe of a few days to weeks for us to exchange our higher denoms. This has been the case with other countries every time they bring out a different class of money. At some point they consider the older class null and void so they can move on.

But there was an article I distinctly remember reading where it said the notes would coexist for 10 years.

[yendor]

Sounds like moree hype to me. Getting us Dinarians excited and expecting an RV like tomorrow. I wouldn't get too excited with this hype. My advice is Ron's advice...................

 

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq. RON

[DinarDavo]

40 minutes ago, PrehistoricMan said:

But there was an article I distinctly remember reading where it said the notes would coexist for 10 years.

 

I recall that also....maybe from Dr. Shabibi's era.

[RV MY DINAR 3USD]

58 minutes ago, PrehistoricMan said:

But there was an article I distinctly remember reading where it said the notes would coexist for 10 years.

if the notes would coexist for 10 years, is it about exchanging old dinars for new lower denoms in country of iraq only right? what about out of iraq, is there a timeframe for dinar investors to exchange dinar for dollars? is it also 10 years exchange period? for example, let's say if the cbi rv the iqd at 1:1 in march 2021, do you think the cbi will give 10 years exchange period ( until march 2031 ) with the same rate 1:1?

[new york kevin]

How long was the exchange period after the German Mark RV'd in 1960 or 1961 ? That could be a precedent exams for such things .

[RV MY DINAR 3USD]

44 minutes ago, new york kevin said:

How long was the exchange period after the German Mark RV'd in 1960 or 1961 ? That could be a precedent exams for such things .

Originally from: http://eh.net/hmit/ now: measuringworth.org
year	$1=Marks, annual avg.
1913	M 4.20
1914	M 4.23
1915	M 4.85
1916	M 5.50
1917	M 5.77
1918	N/A
1919	M 32.85
1920	M 57.11
1921	M 83.02
1922	M 430.48

 

1923	M 50,000.00
1924 avg.	M 4,329,000,000. (4.329 US billion)
1925	RM 4.20
1926	RM 4.20
1927	RM 4.21
1928	RM 4.19
1929	RM 4.20
1930	RM 4.19
1931	RM 4.23
1932	RM 4.21
1933	RM 3.28
1934	RM 2.54
1935	RM 2.48
1936	RM 2.48
1937	RM 2.49
1938	RM 2.49
1939	RM 2.50
1940	RM 2.50
1941	RM 2.50
1942-1949	not available
1950	DM 4.20
1951	DM 4.20
1952	DM 4.20
1953	DM 4.20
1954	DM 4.20
1955	DM 4.21
1956	DM 4.20
1957	DM 4.20
1958	DM 4.19
1959	DM 4.18
1960	DM 4.17
1961	DM 4.02
1962	DM 4.00
1963	DM 3.99
1964	DM 3.98
1965	DM 3.99
1966	DM 4.00
1967	DM 3.99
1968	DM 3.99
1969	DM 3.92

link : http://marcuse.faculty.history.ucsb.edu/projects/currency.htm

 

is there rv in 1960 or 1961?

[GregHi]

3 hours ago, PrehistoricMan said:

But there was an article I distinctly remember reading where it said the notes would coexist for 10 years.

I remember that. It was like 2 years for the citizens and like 10 years for the nations or something like that. But that was several years ago, no telling what kind of time table they will put on us. I seem to remember Russia had only about 1 or 2 weeks to replace their currency a few years ago. We won’t know how long we have until it happens and they let us know. I would think when Iraq starts dealing with both currencies, using 1, 5,10 dinar notes as well as 5,000, 10,000, 25,000 notes it would be a headache and they would want to put a time frame on the larger notes.. we will see.

Edited March 6, 2021 by GregHi

[currenzcraze]

7 hours ago, PrehistoricMan said:

But there was an article I distinctly remember reading where it said the notes would coexist for 10 years.

Wasn’t that like 10 years ago?  You know Iraq has no concept of time.

[JonnyV]

5 hours ago, GregHi said:

I remember that. It was like 2 years for the citizens and like 10 years for the nations or something like that. But that was several years ago, no telling what kind of time table they will put on us. I seem to remember Russia had only about 1 or 2 weeks to replace their currency a few years ago. We won’t know how long we have until it happens and they let us know. I would think when Iraq starts dealing with both currencies, using 1, 5,10 dinar notes as well as 5,000, 10,000, 25,000 notes it would be a headache and they would want to put a time frame on the larger notes.. we will see.

 

Exactly.     All governments will have a long exchange period.  They stand to make money off of you and they trade it in for oil or hold on to it as a foreign reserve currency.  The shorter exchange time frame is most likely in country.     

Edited March 6, 2021 by JonnyV

[JonnyV]

7 hours ago, new york kevin said:

How long was the exchange period after the German Mark RV'd in 1960 or 1961 ? That could be a precedent exams for such things .

 

Similar but definitely different time period.  We had our foot on the Germans throats in Bretton Woods NH when this was all agreed upon after the war.  They had no choice, we were the victors!!!

[screwball]

On 3/6/2021 at 5:02 PM, PrehistoricMan said:

But there was an article I distinctly remember reading where it said the notes would coexist for 10 years.

Yes there was one but also one that said 3 months!

[screwball]

On 3/6/2021 at 7:16 PM, RV MY DINAR 3USD said:

Originally from: http://eh.net/hmit/ now: measuringworth.org
year	$1=Marks, annual avg.
1913	M 4.20
1914	M 4.23
1915	M 4.85
1916	M 5.50
1917	M 5.77
1918	N/A
1919	M 32.85
1920	M 57.11
1921	M 83.02
1922	M 430.48

 

1923	M 50,000.00
1924 avg.	M 4,329,000,000. (4.329 US billion)
1925	RM 4.20
1926	RM 4.20
1927	RM 4.21
1928	RM 4.19
1929	RM 4.20
1930	RM 4.19
1931	RM 4.23
1932	RM 4.21
1933	RM 3.28
1934	RM 2.54
1935	RM 2.48
1936	RM 2.48
1937	RM 2.49
1938	RM 2.49
1939	RM 2.50
1940	RM 2.50
1941	RM 2.50
1942-1949	not available
1950	DM 4.20
1951	DM 4.20
1952	DM 4.20
1953	DM 4.20
1954	DM 4.20
1955	DM 4.21
1956	DM 4.20
1957	DM 4.20
1958	DM 4.19
1959	DM 4.18
1960	DM 4.17
1961	DM 4.02
1962	DM 4.00
1963	DM 3.99
1964	DM 3.98
1965	DM 3.99
1966	DM 4.00
1967	DM 3.99
1968	DM 3.99
1969	DM 3.92

link : http://marcuse.faculty.history.ucsb.edu/projects/currency.htm

 

is there rv in 1960 or 1961?

I remember I read an article years ago that said they did a 10:1 exchange 10 old for one new! They also exchange cash in bank and loans over as well at different rates!

[screwball]

On 3/6/2021 at 5:44 PM, DinarDavo said:

 

I recall that also....maybe from Dr. Shabibi's era.

Nah article back in late 2012 when they were going to delete zeros in feb March 2013 

[screwball]

19 hours ago, JonnyV said:

 

Exactly.     All governments will have a long exchange period.  They stand to make money off of you and they trade it in for oil or hold on to it as a foreign reserve currency.  The shorter exchange time frame is most likely in country.     

Yes exactly 

[rvmydinar]

5 hours ago, screwball said:

they did a 10:1 exchange 10 old for one new! 

This exchange is applied to german citizens only. But what about the exchange rate, do you know the rate 1 usd=dm....?

[6ly410]

Iraq new date (2020) 50,000-dinar note (B357b) confirmed

2021-03-03

Middle East, New Variety

Iraq

https://banknotenews.com/?p=32585

Like B357a, but new date (2020).

[screwball]

6 hours ago, rvmydinar said:

This exchange is applied to german citizens only. But what about the exchange rate, do you know the rate 1 usd=dm....?

No back then never even thought about to look at that 

[screwball]

1 hour ago, 6ly410 said:

Iraq new date (2020) 50,000-dinar note (B357b) confirmed

2021-03-03

Middle East, New Variety

Iraq

https://banknotenews.com/?p=32585

Like B357a, but new date (2020).

Yeah got plenty of these 

[new york kevin]

On 3/6/2021 at 12:16 AM, RV MY DINAR 3USD said:

958	DM 4.19
1959	DM 4.18
1960	DM 4.17
1961	DM 4.02
1962	DM 4.00
1963	DM 3.99
1964	DM 3.98
1965	DM 3.99
1966	DM 4.00
1967	DM 3.99
1968	DM 3.99
1969	DM 3.92

link : http://marcuse.faculty.history.ucsb.edu/projects/currency.htm

Thanks RV My Dinar: That was a great find in my opinion . Interesting, I had heard somewhere that the DM RV'd around 1960, some 15 years after the war ended . I stand corrected . 

[rvmydinar]

15 hours ago, new york kevin said:

Thanks RV My Dinar: That was a great find in my opinion . Interesting, I had heard somewhere that the DM RV'd around 1960, some 15 years after the war ended . I stand corrected . 

Your welcomed.