Monday Noontime Opinions @ 1:40 PM CDT - 6/21/2021

[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 

 

*** Pimpy  Article: "Al-Kazemi's financial advisor:  Deleting three zeros from the currency is an option"   Every six months or so this gets brought up and everybody gets in panic mode...he didn't say they're gonna do it.  It's an option.  They did 5 years worth of study.  You know what they found out?  It's not doable.  It affects the poor too much...they already devalued the currency, now you're talking about lopping off the zeros?  So 10,000 dinars becomes 10 dinars...lopping the zeros off the currency -bad.  Removing it off the rate - good...if they lop off the zeros people would lose confidence in their currency.  You would get pissed off people from countries all over who have invested into the currency...(Post 1 of 2).. 

 

 

*** Pimpy  Look they talk about this all the time.  People always get their panties in a wad.   They talk about this but there's already been a ton of studies that say this would be big.  This would be bigger than when they devalued the currency in the first place.  Are they going to do it?  There's no way to tell.  Most likely not.  That doesn't mean I'm right.  It's my opinion...this would be yet another huge blow to the currency itself.  People would lose faith in it...they bring this up at least once every six months...everybody goes up in in arms.  Everybody panics...watch what they do, not what they say...(post 2 of 2).. 

 

[coorslite21]

Why would anyone listen to someone who choses the screen name "Pimpy"?

CL

[ronscarpa]

3 hours ago, ronscarpa said:

*** Pimpy .... It affects the poor too much...they already devalued the currency, now you're talking about lopping off the zeros?  So 10,000 dinars becomes 10 dinars...lopping the zeros off the currency -bad.  Removing it off the rate - good...if they lop off the zeros people would lose confidence in their currency.  You would get pissed off people from countries all over who have invested into the currency......

 

If everyone recalls the days of Shabibi ... the plan was to remove the three zeros from the exchange rate, and the older notes would coexist with the new lower denomination notes. The larger notes would be used primarily for banking transactions. We know much has changed, but I believe the plan is still the bedrock of the newer plans and white papers they have been discussing. Only time will tell - when they actually make the required changes and move forward into a market economy and go international. Also, consider their natural resources: oil, natural gas,gold, mineral deposits, and more. Blessings ... RON 

[ronscarpa]

Let's look at a worse case scenario:  They LOP the three zeros from the currency, then do what they have always stated they wanted to do - return to the Golden Dinar ($3.33/IQD). Assume you paid $1,000/million IQD. Currently that's worth $684.90 using the current exchange rate of 1460:1. If they went to a $3.00 rate initially, your $1000 investment would be worth $2,055. that's still a 100%+ return, and not a loss. Granted, it's nothing like we were hoping for, but  it's better than nothing. If $3.20, then your $1,000 would be worth 2,192.  This is just something to consider....remember, Shabibi is still advising in some capacity, so who knows. RON

[coorslite21]

Hi all.....

 

A doubling of an ROI is always great.....yet to happen though....

 

Some may want to investigate blockchain/

crypto currencies....

 

One example...NEO in June of 2017 was a buck and a quarter.......January it touched north of $190...

 

Ethereum.....Ripple/XRP.....

better yet...  

 

It is volital.......and a wild ride.....but blockchain technology is the future.....and here to stay...

 

Right now is early in the process......much like where the internet stood in the early 90's....

 

Don't just wait around watching the IQD......many more opportunities out there!     JMO.     CL

 

[3 bucks new rv rate]

7 hours ago, coorslite21 said:

A doubling of an ROI is always great.

a doubling of an ROI? it depends on how many years have they been buying the iqd and waiting for the iqd to rv? one month sounds like a great investment.. one week is even better.