hspotman Posted January 22, 2022 Report Share Posted January 22, 2022 2 hours ago, RJG said: 1/1150=.0008695 remove 3 zeros is .87 cents per dinar 1/1170= .0008547 remove 3 zero is .85 cents per dinar 1/1003= .000997 remove 3 zeros is .997 cents per dinar And the debate goes on about what removing the 3 zeros means. I believe they have said, 'three zero notes'. 2 Quote Link to comment Share on other sites More sharing options...
southbeach Posted January 22, 2022 Report Share Posted January 22, 2022 3 hours ago, jg1 said: Yes, thanks. Yota has posted an article like the one you are speaking of. Budget will not pass without changing the dollar exchange rate.. the rule of law resolves the controversy of the 2022 budget 1 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 22, 2022 Report Share Posted January 22, 2022 4 hours ago, yota691 said: The guy looks to live Fla, he part of Guru spew gang, and is a follower of many of Guru that get posted here in blue. Thanks for your information yota. 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 22, 2022 Report Share Posted January 22, 2022 1 hour ago, Floridian said: This "Iraqi citizen" has a Spanish accent. 😂 He's just another guru. Thanks Floridian. So this guy is just like the rest of the gurus. 1 1 Quote Link to comment Share on other sites More sharing options...
WheresmyRV? Posted January 22, 2022 Report Share Posted January 22, 2022 The wait continues.... 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 22, 2022 Report Share Posted January 22, 2022 53 minutes ago, Luigi1 said: Rumor has it, this guy is the Super Dupper King Pumper Of All Time 'Terry K' has been resurrected. So he is also another guru and a pumper. Wow i didn't know that. 3 1 Quote Link to comment Share on other sites More sharing options...
southbeach Posted January 22, 2022 Report Share Posted January 22, 2022 6 hours ago, Longtimelurker said: I will type out the first paragraph. Baghdad Today - Special The leader of the state of Law coalition, Maider Al-lami, confirmed today, Friday, that the 2022 budget will not pass until after the exchange rate of the dinar against the dollar is restored to what it was previously. ----- The article continues on. Maybe someone can find the article with the above info. Hope this helps. CBI only temporarily reduced rate to reduce street note count, but should, as video states, restore previous rate and then float upwards from there. Don’t have be a guru to understand this. 1 Quote Link to comment Share on other sites More sharing options...
Floridian Posted January 22, 2022 Report Share Posted January 22, 2022 35 minutes ago, southbeach said: Hope this helps. CBI only temporarily reduced rate to reduce street note count, but should, as video states, restore previous rate and then float upwards from there. Don’t have be a guru to understand this. What was the previous rate, 1170 or something like that? How many years will it take to float up to a dollar? Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted January 22, 2022 Report Share Posted January 22, 2022 1 hour ago, southbeach said: Hope this helps. CBI only temporarily reduced rate to reduce street note count, but should, as video states, restore previous rate and then float upwards from there. Don’t have be a guru to understand this. I was trying to help others verify the authenticity of the article. Quote Link to comment Share on other sites More sharing options...
davis411 Posted January 23, 2022 Report Share Posted January 23, 2022 3 hours ago, Floridian said: What was the previous rate, 1170 or something like that? How many years will it take to float up to a dollar? Ummm way it’s going i will be a ghost with the most 3 2 Quote Link to comment Share on other sites More sharing options...
CSM (R) Thack Posted January 23, 2022 Report Share Posted January 23, 2022 3 minutes ago, davis411 said: Ummm way it’s going i will be a ghost with the most 4 Quote Link to comment Share on other sites More sharing options...
jg1 Posted January 23, 2022 Author Report Share Posted January 23, 2022 3 hours ago, Longtimelurker said: I was trying to help others verify the authenticity of the article. Thanks, out of thank you trophies. 1 1 Quote Link to comment Share on other sites More sharing options...
jg1 Posted January 23, 2022 Author Report Share Posted January 23, 2022 1 hour ago, davis411 said: Ummm way it’s going i will be a ghost with the most Out of smiley emojis. Off the record🤣 1 Quote Link to comment Share on other sites More sharing options...
RJG Posted January 23, 2022 Report Share Posted January 23, 2022 Removing three zero notes from circulation is called a redomination. Like 1,000.00 -> 1.00 is a zero value change and puchasing power is the same. Its also known as lop. This event by its self is not what we want. We also have to have this first step coupled with an economic event, or also known as a scientific event, of removing the zeros from the exchange rate. Like 1/1180=.000847. Then with the scientific event, the new rate per dinar would be .847 cents. The RV is a two step process that will happen simultaneously. The zeros will be removed from the exchange rate and the 3 zero notes in circulation will be pulled. When the zeros were added to the exchange rate, they had to add the three zero notes to help with the quantity of funds needed to make purchases. When the zeros are removed, the notes will be removed from circulation as well. As I said this will be a simultaneous event. I also think they will be removed from the money supply to reduce the note count in M0 and M1. Just my opinion. 5 3 3 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 23, 2022 Report Share Posted January 23, 2022 This is just an example, For iraqi citizens : Remove 3 zeros = 1000:1 means 1000 old dinar note will be traded with 1 new lower dinar note. And the cbi ask all iraqi citizens to trade their old dinar note ( like 25,000 dinar note for 25 new lower dinar note, and etc ) for a new lower dinar note in the country of iraq only. For example, if the cbi wants to return to the previous exchange rate 1170, then delete 3 zeros= 1.17, therefore 1 iqd=0.85. So, that means the new rate is 1 iqd= US 0.85 and this new rate US0.85 is applied to both new lower dinar note ( 25 new lower denom note , etc ) and old dinar note ( 25,000 Iqd and etc ). And at the same time for dinar investors : of course they want to trade 25,000 Iqd for dollar. That means 25,000 old dinar × 0.85 ( new rate )=US 21,250. That's plain and simple. 3 4 1 Quote Link to comment Share on other sites More sharing options...
RJG Posted January 23, 2022 Report Share Posted January 23, 2022 Yep, totally agree rvmydinar. They will remove the three zeros from both at the same time, 3 zero notes and the exchagne rate. 3 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 23, 2022 Report Share Posted January 23, 2022 I agree with you too, RJG. Now, we can only wait and see. And, i am just happy to cash out if the CBI can rv the IQD at least between 10 cents to a buck. 1 3 Quote Link to comment Share on other sites More sharing options...
DoD Posted January 23, 2022 Report Share Posted January 23, 2022 Being we’re in the BS section of DV I will concur that’s the way it will go down…. 3 Quote Link to comment Share on other sites More sharing options...
Stelardoc Posted January 24, 2022 Report Share Posted January 24, 2022 On 1/22/2022 at 1:06 PM, rvmydinar said: So he is also another guru and a pumper. Wow i didn't know that. So that is a special hybrid. a PUMP RU OR A GU RUMPER 🙃 2 Quote Link to comment Share on other sites More sharing options...
3 bucks new rv rate Posted January 25, 2022 Report Share Posted January 25, 2022 7 hours ago, Stelardoc said: So that is a special hybrid. a PUMP RU OR A GU RUMPER 🙃 now, that's funny. by the way, what are the differences between guru and a pumper? does the guru and pumper ( making money in disguise ) do the same job as dinar dealer? Quote Link to comment Share on other sites More sharing options...
3 bucks new rv rate Posted January 25, 2022 Report Share Posted January 25, 2022 On 1/22/2022 at 12:33 PM, jg1 said: just wonder, by any chance and out of curiosity, is this guy's nick name Nader From The Mid East ( in the rumor section )? is this some kind of coincidence or a joke? *** Nader From The Mid East [TV Report] Today in the Iraqi TV news (it's good news, but I'm not sure what they're doing) they said the rate is gonna change when they open the budget...But they keep saying to the "previous". The previous for us it's 1150, 1160, 1170 I don't remember exactly what it is, but they're saying that. When they say previous it mean the previous like that one before, it was corrected? Maybe I'm wrong...I hope they talk about 2003 or 2002 when it used to be $3.35 - $3.40...everybody is talking about it too in the cafe this morning...even if they put it out at 1150 and it floats it will go quick...two or three month would be a $1.50 - $2.00 something like that 2 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 25, 2022 Report Share Posted January 25, 2022 wake me when the rate changes!LOL 4 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 25, 2022 Report Share Posted January 25, 2022 2 hours ago, screwball said: wake me when the rate changes!LOL Me too. But wake me up in the morning, not in the middle of the night. Quote Link to comment Share on other sites More sharing options...
bkeiller Posted January 25, 2022 Report Share Posted January 25, 2022 Looking through 'Nader from the Mid East's posts and found this lovely blue art. What is it? I don't know, but it looks nice. 😄 https://www.youtube.com/channel/UCjxIFEGF85as9DaQHwNxYvw/community?lb=UgkxNNokl9Gg2XvPr3bh1QJrWQHX1tXVdG0C 2 Quote Link to comment Share on other sites More sharing options...
cutter73 Posted January 25, 2022 Report Share Posted January 25, 2022 I see one dollar @bkeiller😉😊 2 Quote Link to comment Share on other sites More sharing options...
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