Friday Night Opinion @ 9:50 PM CDT - 4/15/2022

[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 

 

 

**Godlover   As far as the budget is concerned, my thinking is that if the current government was able to send the budget to parliament, they would have long ago. After all, there is no reason for them not to have already imo. Furthermore, the food security law seems to be a bypass if you will, to open a mini budget in replacement to the general budget. Something I think is a red flag.

 

** Kaperoni   A new set of documents completely describing the intent/plan for the dinar has been discovered... they may issue a new dinar currency next year in 2023.  The new dinar will...be without zeros.  Citizens will exchange their current dinar for the new dinar at 1000 to 1.  The new dinar will float and be pegged to a basket of currencies, primarily the Middle East. The switch from the current Iraqi dinar to this new dinar is a neutral event. In essence a LOP. [Post 1 of 2] Where did these new documents come from - it doesnt make any sense since they spent millions to print the new LD's - unless the LD's are the ones he's talking about. Ron

**  Kaperoni  1000 current dinar to 1 new dinar is the exchange.  The value of 1 new dinar is recommended to be $0.50 cents. In other words, if you exchanged 1 million current Iraqi dinar for the new dinar it would be worth $500 US dollars. There is no gain.  All of these specifics are nothing more than a proposal at this time by prominent economists in Iraq. This proposal was submitted to the central bank for implementation beginning of 2023. It is not official. [Post 2 of 2] This is an ugly plan for us because we really lose our investment - big time. Most of us paid $1,000-$1,200 per million - that's a significant loss. Ron


 

** Pimpy  Good news when it comes to the economy [of Iraq] as well as non-oil sector... Article: "The World Bank announces in numbers the recovery of Iraqi economy"  It's looking really good... Quote: "noting that the recovery was mainly driven by the non-oil sector... telecom...transportation, accommodation and retail sectors...". That's what we want to hear...all of this strengthens the dinar...

 

** Kaperoni  Community comment: "Feels like it was all a scam, and once again, I was a sucker.  Don’t think I will ever get rid of it, just in case, but, it sure has been a Looooooong time, and nothing looks to have changed."  The idea of overnight riches by buying dinar is a scam. Can the dinar appreciate in value? Yes, it is well documented that it can if Iraq builds an economy.

 

 

[HowieC]

Kaperoni must be fun at parties. He / She's an ignorant putz. 

 

[rvmydinar]

6 hours ago, ronscarpa said:

**  Kaperoni  1000 current dinar to 1 new dinar is the exchange.  The value of 1 new dinar is recommended to be $0.50 cents. In other words, if you exchanged 1 million current Iraqi dinar for the new dinar it would be worth $500 US dollars. There is no gain.  

Shut the ##$$ up crapperoni. 1 million current iraq dinar=$500 US , Who told you that crapperoni? Did the governor of CBI tell you that? Or did you just make up stories to let us down? Oh no no i won't sell out until i see a rate change on CBI's site.

[trvlr787]

So if that's the case under their current value the Dinar would be devalued again to 2000 Dinar to the dollar if my math is correct. The Iraqi people would be REAL happy with that. I would hate to be the author of that as the Iraqi people would get stiffed again especially when the govt said they wanted to add value to the Dinar. IRS better prepare for tax losses instead of gains. 

[yendor]

Well, KRAPERONI could be right. I hate to say this....... but what he says might just happen this way.  I have said many many many times that when I first got into this venture, I thought that it was too good to be true.... and for that reason, I bought just what I could afford to lose and enough that I would be happy with if it WAS the real thing. But this ride hasn't come to an end and even though the money that I used to buy my dinar would have easily been spent on something else and long been gone by now, I still have my Dinar and there is still hope that there could be a nice reward for " hanging in there" all of these years. And as Ron always says:

 

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