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THE CENTRAL BANK SETTLES THE DOLLAR ORDER FOR THE COMING YEARS


Mary B
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1 hour ago, 3 bucks new rv rate said:

thanks 3in1.  so, reinstatement means exchange the old for new at 1:1, this means no profit. hopefully, iraq will not reinstate the iqd because we get no profit.

 

.... in kuwait's situation thats what was done , the kwd was put back at the rate it was at when saddam invaded the country, personally  i would be very happy if iraq followed that scenario i will not xchange for iqd the example with the kwd is how it was handled inside kuwait's borders , completely different on all levels from iraq 

we are speculating and holding the physical iqd in hopes of a profit and no one knows how it will end and how the cbi will handle the iqd outside iraqs borders.

if it goes the way i hope i got Mr. drysdale on speed dial  ( jed clampett's private banker )  🤣:tiphat:

 

image.jpeg.a47edc4737ba3d0821e1f11068a31609.jpeg

Edited by 3n1
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23 minutes ago, 3n1 said:

in kuwait's situation thats what was done , the kwd was put back at the rate it was at when saddam invaded the country, personally  i would be very happy if iraq followed that scenario  

why would you be happy if iraq follow that scenario ( kuwait )? if iraq was put back at the rate it was 3.22 usd, then this is not a revaluation and we don't make a profit, is it right 3in1.

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12 hours ago, Mary B said:

with all the dinars tucked away by the citizens everyone will become millionairs, might this to be the reason for not rving no one will work

That is plausible,  but unlikely. At one point they were going to give every citizen a percentage of the oil revenue . So in that case, with oil at $60 + , they make money and can afford to pay everyone their fair share. How much their fair share is idk . If use of oil declines , as it is predicted to do in the near future, all oil petroleum based economy's will be hurting then if they don't diversify their economy now. They haven't RV'd because of the corruption and the need to repay their infrastructure building debts on the cheap . 

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12 hours ago, Dinarrock said:

No that is NOT the way it works Mary, no Iraqi will become a millionaire they will exchange 1 for 1 they have said this many times! They will bring in their $25,000k note and get one new lower denom $25. The Iraqi only gets the increases purchasing power of the new $25 lower denom note that it nothing else! The only way an Iraqi becomes a millionaire is if they take that same $25,000 note and exchange it for dollars or Euros or some other currency outside of Iraq! With that being said Iraq has made it illegal to take more then a $10,000k note outside of Iraq, so the only ones that will become billionaires are the Maliki’s and other corrupt government politicians in Iraq that already have millions of dinar stored outside of Iraq!!

I agree with you.

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30 minutes ago, GreedyDinar07 said:

How can you guys expect a RV with all of the bombings going on in Iraq? 

Bombings are nothing new to iraqi citizens. They get used to it. And this isn't the first time we read the article about the bombings and we should get used to it, too. If the iraqi government care so much to improve the lives of the iraqi citizens,then there will not be any bombings.

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10 hours ago, 3 bucks new rv rate said:

why would you be happy if iraq follow that scenario ( kuwait )? if iraq was put back at the rate it was 3.22 usd, then this is not a revaluation and we don't make a profit, is it right 3in1.

 

pretty simple really , the iqd exchange rate is currently 1146 and if it gets set at the 3.22 to 1 usd number u suggest , when or however u exchange ur iqd im sure u will want the 3.22 value not the 1146 correct .... 

winner winner chicken dinner , its really a mute point at this time not sure how long u have been holding iqd but this thought / ideas are usually the first reason u invested ... cheers and happy speculating 

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13 minutes ago, 3n1 said:

 

pretty simple really , the iqd exchange rate is currently 1146 and if it gets set at the 3.22 to 1 usd number u suggest , when or however u exchange ur iqd im sure u will want the 3.22 value not the 1146 correct .... 

winner winner chicken dinner , its really a mute point at this time not sure how long u have been holding iqd but this thought / ideas are usually the first reason u invested ... cheers and happy speculating 

 

15 minutes ago, 3n1 said:

 

pretty simple really , the iqd exchange rate is currently 1146 and if it gets set at the 3.22 to 1 usd number u suggest , when or however u exchange ur iqd im sure u will want the 3.22 value not the 1146 correct .... 

winner winner chicken dinner , its really a mute point at this time not sure how long u have been holding iqd but this thought / ideas are usually the first reason u invested ... cheers and happy speculating 

I hope the higher rate is between 1 - 5.26 usd. But if it come out between 10 cents - 1 buck, i"ll take it, too and run to the bank and never look back. You do want a 3.22 usd instead of 1450, don't you. What were your first reason investing in iraq dinar then?

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5 hours ago, rvmydinar said:

You do want a 3.22 usd instead of 1450, don't you. What were your first reason investing in iraq dinar then?

 say what :confused2:, i dont even know what or how to answer or respond to ur question ,

cheers , im done with this topic 

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On 4/14/2021 at 11:58 PM, luvalife said:

Thank you JM... I don't think that I was Judging anyone... Ultimately, there is only one whom can judge.  If you actually read my post to  Greedy you would have noticed that I mentioned that he is entitled to his opinions and I wasn't criticizing him nor his opinion.  I was stating a fact that he is riding a negative rollercoaster and is consistently complaining. If you also took the time to review his previous posts you will notice that the majority of them are in fact negative.  I and a few other's have made an attempt to help him out of the pool a few times and although he appreciated my assistance and understood the dynamics of Iraq and their "smoke and Mirrors" tactics.  Also, you will find others speaking of the same issue.  Please don't jump in here and defend posts without first reviewing the contents of the previous posts as well as other's responses.  If you had, this conversation would have been mute.  

thank you 

You made my point without realizing it.

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On 4/16/2021 at 1:48 PM, Karsten said:

 

I

 

 

Then Vietnam most likely is no longer concerned about the Currency Manipulation List as they know they can just write the "Big Man" a fat check to keep the biden crime family happy.

 

Karsten

 And what comes out today........

 

US lifts Vietnam, Switzerland from currency manipulator list

62fe49a734c68cda16fc48cfeef8017e
 
FILE- This June 6, 2019, file photo shows the U.S. Treasury Department building at dusk in Washington. The U.S. Treasury has removed Vietnam and Switzerland from the list of nations labeled as currency manipulators, reversing a decision made by the Trump administration in December. In it's semi-annual report to Congress on currency manipulation, the first under the Biden administration, the U.S. Treasury Department said Friday, April 16, 2021, that no country currently meets the U.S. criteria. It said, however, that Vietnam, Switzerland, as well as Taiwan, will be placed under enhanced monitoring for their recent actions. (AP Photo/Patrick Semansky, File)

MARTIN CRUTSINGER
Fri, April 16, 2021, 7:02 AM·2 min read
 
 

WASHINGTON (AP) — Vietnam and Switzerland have been removed from the list of nations labeled by the U.S. as currency manipulators, reversing a decision made by the Trump administration in December.

In its semi-annual report to Congress on currency manipulation, the first under the Biden administration, the U.S. Treasury Department said Friday that no country currently meets the U.S. criteria as a manipulator. It said, however, that Vietnam, Switzerland, as well as Taiwan, will be under enhanced monitoring.

At the higher level of scrutiny which the report called “enhanced engagement,” Vietnam, Switzerland and now Taiwan will be subjected to closer review of their practices as part of laws passed by Congress requiring the administration to call out nations that are engaging in alleged currency manipulation to gain unfair trade advantages over the United States.

 

The Treasury did not designate China as a currency manipulator, something the Trump administration had done in 2019 during a tense trade stand-off with the world's second largest economy. China is included on a list of 11 countries being monitored at a lower level than Vietnam, Switzerland, as well as Taiwan.

Also on the list with China are Japan, South Korea, Germany, Ireland, Italy, India, Malaysia, Singapore, Thailand and Mexico. Only Ireland and Mexico were added to the list Friday.

None of the countries on either list has U.S. economic sanctions against them due to alleged currency manipulation.

Nations that have been alleged by the U.S. to be participating in manipulation generally engage in selling their own currency and buying U.S. dollars as a way of lowering the value of their currency while boosting the value of the dollar. A weaker currency can make a country's exports cheaper on foreign markets while making imports more expensive.

In the history of these twice-a-year reports to Congress going back to 1988, Treasury has only branded three countries as currency manipulators. The Trump administration named China as a currency manipulator in 2019 during a standoff over tariffs. The United States had also named China as a currency manipulator from 1992 to 1994. Treasury also imposed that label on Japan and Taiwan in the 1980s.

Being designated as a currency manipulator can mean the imposition of U.S. economic sanctions if a period of negotiations fails to resolve the issues that the U.S. finds objectionable.

Private analysts supported the Biden administration's withdrawal of Vietnam and Switzerland as currency manipulators.

Eswar Prasad, an economics professor at Cornell University, said that the new administration had decided against using the report as an overtly political tool that ensnared U.S. allies.

“This will help rebuild some of the credibility of the report so it will serve a useful purpose when it is truly needed in the future to highlight unfair currency management practices of other countries,” Prasad said.

 

https://www.yahoo.com/news/us-lifts-vietnam-switzerland-currency-130212389.html

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9 minutes ago, Karsten said:

 And what comes out today........

 

US lifts Vietnam, Switzerland from currency manipulator list

62fe49a734c68cda16fc48cfeef8017e
 
FILE- This June 6, 2019, file photo shows the U.S. Treasury Department building at dusk in Washington. The U.S. Treasury has removed Vietnam and Switzerland from the list of nations labeled as currency manipulators, reversing a decision made by the Trump administration in December. In it's semi-annual report to Congress on currency manipulation, the first under the Biden administration, the U.S. Treasury Department said Friday, April 16, 2021, that no country currently meets the U.S. criteria. It said, however, that Vietnam, Switzerland, as well as Taiwan, will be placed under enhanced monitoring for their recent actions. (AP Photo/Patrick Semansky, File)
 

 

MARTIN CRUTSINGER
Fri, April 16, 2021, 7:02 AM·2 min read
 
 

WASHINGTON (AP) — Vietnam and Switzerland have been removed from the list of nations labeled by the U.S. as currency manipulators, reversing a decision made by the Trump administration in December.

In its semi-annual report to Congress on currency manipulation, the first under the Biden administration, the U.S. Treasury Department said Friday that no country currently meets the U.S. criteria as a manipulator. It said, however, that Vietnam, Switzerland, as well as Taiwan, will be under enhanced monitoring.

At the higher level of scrutiny which the report called “enhanced engagement,” Vietnam, Switzerland and now Taiwan will be subjected to closer review of their practices as part of laws passed by Congress requiring the administration to call out nations that are engaging in alleged currency manipulation to gain unfair trade advantages over the United States.

 

The Treasury did not designate China as a currency manipulator, something the Trump administration had done in 2019 during a tense trade stand-off with the world's second largest economy. China is included on a list of 11 countries being monitored at a lower level than Vietnam, Switzerland, as well as Taiwan.

Also on the list with China are Japan, South Korea, Germany, Ireland, Italy, India, Malaysia, Singapore, Thailand and Mexico. Only Ireland and Mexico were added to the list Friday.

None of the countries on either list has U.S. economic sanctions against them due to alleged currency manipulation.

Nations that have been alleged by the U.S. to be participating in manipulation generally engage in selling their own currency and buying U.S. dollars as a way of lowering the value of their currency while boosting the value of the dollar. A weaker currency can make a country's exports cheaper on foreign markets while making imports more expensive.

In the history of these twice-a-year reports to Congress going back to 1988, Treasury has only branded three countries as currency manipulators. The Trump administration named China as a currency manipulator in 2019 during a standoff over tariffs. The United States had also named China as a currency manipulator from 1992 to 1994. Treasury also imposed that label on Japan and Taiwan in the 1980s.

Being designated as a currency manipulator can mean the imposition of U.S. economic sanctions if a period of negotiations fails to resolve the issues that the U.S. finds objectionable.

Private analysts supported the Biden administration's withdrawal of Vietnam and Switzerland as currency manipulators.

Eswar Prasad, an economics professor at Cornell University, said that the new administration had decided against using the report as an overtly political tool that ensnared U.S. allies.

“This will help rebuild some of the credibility of the report so it will serve a useful purpose when it is truly needed in the future to highlight unfair currency management practices of other countries,” Prasad said.

 

https://www.yahoo.com/news/us-lifts-vietnam-switzerland-currency-130212389.html

This is dated June 6th 2019

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16 minutes ago, Jaygo said:

This is dated June 6th 2019

Jaygo....Now I have to wonder if this is Yahoo playing with the News....I rarely read anything from from Yahoo but this showed up on FB Today. I do remember back when Vietnam was good to go and then after Trump they were worried.

 

But if you Expand the Article in the 1st Paragraph it shows what Biden has Done.

 

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

 

FILE- This June 6, 2019, file photo shows the U.S. Treasury Department building at dusk in Washington. The U.S.

 

Treasury has removed Vietnam and Switzerland from the list of nations labeled as currency manipulators, reversing a decision made by the Trump administration in December. In it's semi-annual report to Congress on currency manipulation, the first under the Biden administration, the U.S. Treasury Department said Friday, April 16, 2021, that no country currently meets the U.S. criteria. It said, however, that Vietnam, Switzerland, as well as Taiwan, will be placed under enhanced monitoring for their recent actions. (AP Photo/Patrick Semansky, File)

<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

 

Note to some I copied and pasted this with a link from some other news source...Yahoo and I colored it myself but I did post the link above as well as the Full Article giving Yahoo Credit.

 

Karsten

 

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