Wednesday Afternoon Opinions @ 1:40 PM CDT - 4/14/2021

[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 

 

*** Walkingstick ***  Phase two is another step in the exchange rate because it has the possibility to go back up internally if everything goes well - if they collect enough of the 3 zero notes.  There's a set number they're looking for.  They're trying to collect the 3 zeros in their country because they know you and I as speculators we'll turn ours in...they did send dinars to banks all around the world, they were all electronic/digital. Brilliant...!  Based on Franks article below..!

 

*** Walkingstick *** Phase three:  They (the Fab 4/CBI) will keep a very tight band, a super tight band  on this international float.  Because they don't want it to move anymore than plus or minus 3%.  Then it will reach a cap...supply and demand will put the dinar on a different international level. Based on Franks article below..!

 

 

*** Frank26 *** Article: [Adapt to the exchange rate]  Quote: 'to adopt the method of "flotation" Al-Madar - in the next step, in conjunction with the increase in the central reserves...' You now understand - Phase One: Solid date 1 to 1 fixed rate.  Phase Two:  Bring in enough zeros...and we will give you [CBI] the opportunity to raise the value again.  How about $1.19 or $1.46?  Outside of the country the same thing is happening.  Strengths and stability is being added to your currency...because of the investors...they recognize that Iraq now qualifies for the international rate of their currency.  When it enters Phase Three: Maybe 6,7,8 months later as it floats...that's the next step after we do phase 1 and 2...these phases are upon us. [REPOSTED: for context for above Walkingstick posts]

 

[pokerplayer]

Thxs for taking the time to post Ron. Were in exciting times and I personally don't care who gets it right just so long as it gets done !

 

  Cheers, pp

[utah rock]

There going to have a tough time collecting all them zeros with how fast I'm buying them (dinar). Let's GO!!!

[Luigi1]

2 hours ago, utah rock said:

There going to have a tough time collecting all them zeros with how fast I'm buying them (dinar). Let's GO!!!

 

The goal is to keep the large denom notes in global circulation. At some point after RV/RI, Iraq will insist all future Iraqi oil purchased, be done in IQD. There will be a need for all the large denom notes for many years to come. CBI can destroy the Large denom notes at a rate as they deem necessary in a timely manner.

[pokerplayer]

2 hours ago, Luigi1 said:

 

The goal is to keep the large denom notes in global circulation. At some point after RV/RI, Iraq will insist all future Iraqi oil purchased, be done in IQD. There will be a need for all the large denom notes for many years to come. CBI can destroy the Large denom notes at a rate as they deem necessary in a timely manner.

 

I disagree Luigi1. All future purchases as large as you are talking will be done electronically, not with physical notes.

 

  Cheers, pp

[screwball]

5 minutes ago, pokerplayer said:

 

I disagree Luigi1. All future purchases as large as you are talking will be done electronically, not with physical notes.

 

  Cheers, pp

yep if I am correct they have stated they will use large notes for interbank transfers

[Luigi1]

8 hours ago, pokerplayer said:

 

I disagree Luigi1. All future purchases as large as you are talking will be done electronically, not with physical notes.

 

  Cheers, pp

 

True. The whole world is going digital. Yet, paper money & digital money will co-exist for a while. There will be a transitional period. We simply cannot go from one system to the other, overnight.

Look at the oil based economy. Libs tried & failed to go from a oil based to a renewable energy economy. They allowed no transition period. Oil & renewables will co-exist together for decades to come. IMO.

[Half Crazy Runner]

19 hours ago, ronscarpa said:

Phase Two:  Bring in enough zeros...and we will give you [CBI] the opportunity to raise the value again.  How about $1.19 or $1.46?  

Heck, if the dinar reaches that price, I’m certainly not waiting around for any more dang “phases” I’m outta here like the wind!! 

[3 bucks new rv rate]

17 hours ago, Half Crazy Runner said:

Heck, if the dinar reaches that price, I’m certainly not waiting around for any more dang “phases” I’m outta here like the wind!! 

me too.