ronscarpa Posted January 23, 2023 Report Share Posted January 23, 2023 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... So, take everything with a grain of salt .... RON Nader From The Mid East They said the 1st maybe the 2nd something will happen. I don't know what it is. I wish I know what it is but something is happening. Samson Article: "Shafaq News/ The Iraqi ministry of Interior announced the arrest of a group of forex traders on Saturday...A source told our Agency that the security forces were tracing a "gang of forex traders" involved in "manipulating the market and tampering with the US dollar's exchange rate against the Iraqi dinar." 1 5 2 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 23, 2023 Author Report Share Posted January 23, 2023 Samson Article: "Shafaq News/ The Iraqi ministry of Interior announced the arrest of a group of forex traders on Saturday...A source told our Agency that the security forces were tracing a "gang of forex traders" involved in "manipulating the market and tampering with the US dollar's exchange rate against the Iraqi dinar." Wow..! Some forex traders were trying to manipulate the system to make some quick money off the Iraqi currency. BUSTED - thank goodness...But, it could be an indicator of what's coming down the road. My major concern at this time is the IMF 2% requirement (90 days compliance). Unless the CBI gets a special exemption, they have to get the IQD street & market rates within 2% compliance, then wait 90 days before any revalue can take place. RON 6 3 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 23, 2023 Report Share Posted January 23, 2023 2 hours ago, ronscarpa said: My major concern at this time is the IMF 2% requirement (90 days compliance). Unless the CBI gets a special exemption, they have to get the IQD street & market rates within 2% compliance, then wait 90 days before any revalue can take place. didnt they have this?????? for more than 90 days???? 1 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 23, 2023 Report Share Posted January 23, 2023 I think they have been in ocompliance for over 5 years prior to the US stopping them from trading in USD??? so if they are planning on removing zeros or adjusting rate then compliance is probs not needed??? not sure just asking 2 Quote Link to comment Share on other sites More sharing options...
hspotman Posted January 23, 2023 Report Share Posted January 23, 2023 I was waiting for Ron to post these posts from Pimpy, but I don't know if he will. So I had to grab it from that golfer guru's site and bring it in...I hope that's alright? I only wanted to expand on it because of what my tax guy told me...I don't know how many years ago, 7 or 8 years ago maybe? He me back then that he did taxes for a contractor in Iraq, that said he was guarding dinars in a wharehouse. This was more than 5 years ago, 7 or 8, I cannot be certain. But Pimpy's current posts relate to that now. I wonder how much of it is true?....Here is what the Pimpu guru wrote- Pimpy – Dinar Guru The truth of the matter is we have no idea how much Iraqi currency is in circulation. I’ve read articles talking about for…5 or 6 years Iraq was spending somewhere in the neighborhood of a billion dollars…buying the dinars back and destroying them… [a] soldier was telling his friend that when he was in Iraq…he had to log in their currencies as they destroyed it. As soon as he said that I asked him about it. I said, ‘You’re talking about the new [dinar]? The dinars of today?’ He said, yeah. I said, ‘Did they say why they were destroying them?‘ He didn’t know why but their job was to protect their currency and so he had to log in a list of serial numbers and they were destroying it. He said they destroyed a ton of it. Even though it says there’s 157 trillion dinars that are in circulation how many of them are actually in circulation? …that’s one of the question I have. I know this for a fact Iraq was trying really hard to figure out what is and is not in the hands of speculators and how many dinars are actually out there… 4 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 23, 2023 Report Share Posted January 23, 2023 14 hours ago, ronscarpa said: Nader From The Mid East They said the 1st maybe the 2nd something will happen. Hey Nader. What do you mean by " the 1st and 2nd "? What month? What year? 1 Quote Link to comment Share on other sites More sharing options...
hspotman Posted January 24, 2023 Report Share Posted January 24, 2023 7 hours ago, rvmydinar said: Hey Nader. What do you mean by " the 1st and 2nd "? What month? What year? Another husband and wife will walk into a bank....PERIOD. 1 Quote Link to comment Share on other sites More sharing options...
hspotman Posted January 24, 2023 Report Share Posted January 24, 2023 12 hours ago, hspotman said: I was waiting for Ron to post these posts from Pimpy, but I don't know if he will. So I had to grab it from that golfer guru's site and bring it in...I hope that's alright? I only wanted to expand on it because of what my tax guy told me...I don't know how many years ago, 7 or 8 years ago maybe? He me back then that he did taxes for a contractor in Iraq, that said he was guarding dinars in a wharehouse. This was more than 5 years ago, 7 or 8, I cannot be certain. But Pimpy's current posts relate to that now. I wonder how much of it is true?....Here is what the Pimpu guru wrote- Pimpy – Dinar Guru The truth of the matter is we have no idea how much Iraqi currency is in circulation. I’ve read articles talking about for…5 or 6 years Iraq was spending somewhere in the neighborhood of a billion dollars…buying the dinars back and destroying them… [a] soldier was telling his friend that when he was in Iraq…he had to log in their currencies as they destroyed it. As soon as he said that I asked him about it. I said, ‘You’re talking about the new [dinar]? The dinars of today?’ He said, yeah. I said, ‘Did they say why they were destroying them?‘ He didn’t know why but their job was to protect their currency and so he had to log in a list of serial numbers and they were destroying it. He said they destroyed a ton of it. Even though it says there’s 157 trillion dinars that are in circulation how many of them are actually in circulation? …that’s one of the question I have. I know this for a fact Iraq was trying really hard to figure out what is and is not in the hands of speculators and how many dinars are actually out there… But this was so long ago, and they seem to be still doing it. What does this mean for us? 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 24, 2023 Report Share Posted January 24, 2023 13 hours ago, hspotman said: Another husband and wife will walk into a bank....PERIOD. To see the triplets wearing the mask : frankie, kaperoni, and Mr. Pimp to cash out together? Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 24, 2023 Report Share Posted January 24, 2023 13 hours ago, hspotman said: Another husband and wife will walk into a bank....PERIOD. To see the triplets wearing the masks : frankie , kaperoni , Mr. Pimp to cash out together?? Quote Link to comment Share on other sites More sharing options...
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