ronscarpa Posted April 23, 2023 Report Share Posted April 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 Militia Man Al-Sudani said, 'now'. That is a very key point to where we're headed. He comes back a little bit later and he said the dinar is going to be a little bit stronger. He implies 1.5 times. Be careful how you think about that. Some of the folks out there seem to think that means it's $1.50 but...he's talking about the official exchange rate - 1310 [which equals approximately] .00076336...But when he says 1.5 times that's a totally different equations because currencies are valued by reciprocals...what's 1.5 x .00076336? Turns out to be about .0015405... 3 2 1 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted April 23, 2023 Author Report Share Posted April 23, 2023 Militia Man "he's talking about the official exchange rate - 1310 [which equals approximately] .00076336...But when he says 1.5 times that's a totally different equations because currencies are valued by reciprocals...what's 1.5 x .00076336? Turns out to be about .0015405..." That would equate out to $1540.50/million IQD. So if you paid $1200/mil you will have made a $340 profit (28.33%), and if you paid $1000/mil you made a $540 profit (54%). That would be minus exchange fees and any taxes. In any case that's better than nothing..! Now, if this is actually the case, and they float it from there I believe it will increase in value rather quickly - depending on any IMF restrictions. We shall see soon enough. Blessings - RON 1 5 1 1 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted April 23, 2023 Report Share Posted April 23, 2023 15 minutes ago, ronscarpa said: That would equate out to $1540.50/million IQD. So if you paid $1200/mil you will have made a $340 profit (28.33%), and if you paid $1000/mil you made a $540 profit (54%). That would be minus exchange fees and any taxes. In any case that's better than nothing..! Now, if this is actually the case, and they float it from there I believe it will increase in value rather quickly - depending on any IMF restrictions. We shall see soon enough. Blessings - RON Hey. It's a start. It has to start somewhere. Let the RV-RI begin. 1 1 2 Quote Link to comment Share on other sites More sharing options...
sgtsanders Posted April 23, 2023 Report Share Posted April 23, 2023 Might be a nice start for some but I’m not a whale so it’s hardly worth my time. Just saying, not trying to be a Debbie Downer🤣 1 3 Quote Link to comment Share on other sites More sharing options...
Dretown39 Posted April 23, 2023 Report Share Posted April 23, 2023 38 minutes ago, sgtsanders said: Might be a nice start for some but I’m not a whale so it’s hardly worth my time. Just saying, not trying to be a Debbie Downer🤣 I agree💯 .0015 won't get me my new truck! 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted April 23, 2023 Report Share Posted April 23, 2023 4 hours ago, ronscarpa said: 0015405..." what if they remove three zeros wouldnt that make it 1.5? not sure 2 1 Quote Link to comment Share on other sites More sharing options...
NoviceInvestor Posted April 24, 2023 Report Share Posted April 24, 2023 2 hours ago, Dretown39 said: I agree💯 .0015 won't get me my new truck! 0.15US would see me out.. 1 1 2 Quote Link to comment Share on other sites More sharing options...
Danishere4news2 Posted April 24, 2023 Report Share Posted April 24, 2023 5 hours ago, ronscarpa said: 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 Militia Man Al-Sudani said, 'now'. That is a very key point to where we're headed. He comes back a little bit later and he said the dinar is going to be a little bit stronger. He implies 1.5 times. Be careful how you think about that. Some of the folks out there seem to think that means it's $1.50 but...he's talking about the official exchange rate - 1310 [which equals approximately] .00076336...But when he says 1.5 times that's a totally different equations because currencies are valued by reciprocals...what's 1.5 x .00076336? Turns out to be about .0015405... Ok first off...anyone that knows, did Sudani actually say anything about this like MM claims? All the gurus started talking about this when the article "Central Bank: Car showrooms will deal in Iraqi dinars" The article makes no mention of 1.5 times as MM states. Then we have WS & Frankie boy claiming that $1.50 is the neer rate. (nominal effective exchange rate) As well we have Frankie boy & WS claiming the current exchange rate (not public yet) is 1132, which would make the figures different with Ron's post. But keep in mind that Frank is known for VERY tall tales. 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted April 24, 2023 Report Share Posted April 24, 2023 Original quote from the news article; “the real value of the dinar that exists now is more than a dinar and a half, because the bank's reserves are very high and therefore the cover of the national currency is high." My opinion; All they’re saying is because of high foreign currency reserves they can cover monetary mass 1.5 times or by 150% Militia Man Al-Sudani said, 'now'. That is a very key point to where we're headed. He comes back a little bit later and he said the dinar is going to be a little bit stronger. He implies 1.5 times. Be careful how you think about that. Some of the folks out there seem to think that means it's $1.50 but...he's talking about the official exchange rate - 1310 [which equals approximately] .00076336...But when he says 1.5 times that's a totally different equations because currencies are valued by reciprocals...what's 1.5 x .00076336? Turns out to be about .0015405... My opinion based on the above; $1/1310 =$0.0007633 $0.0007633 x 1.5 =$0.001144 Guess will happen after deleting the 000 Go Stronger dinar $1+ 4 2 Quote Link to comment Share on other sites More sharing options...
Hotcurl Posted April 24, 2023 Report Share Posted April 24, 2023 From my perspective - .0015405, not even worth it or even a reasonable rate of return for the 10-12 or 15 years' time frame involved and not including the mental gymnastics for the time spent on this roller coaster. Nor is it a true reflection of an exchange rate for a country with the natural resources and cash flow that Iraq has. I know this is the Rumor section thus I treat it as such but I agree with Ron - "We shall see soon enough". RV there yet ? Semper Fi 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted April 24, 2023 Report Share Posted April 24, 2023 23 minutes ago, Laid Back said: Original quote from the news article; “the real value of the dinar that exists now is more than a dinar and a half, because the bank's reserves are very high and therefore the cover of the national currency is high." My opinion; All they’re saying is because of high foreign currency reserves they can cover monetary mass 1.5 times or by 150% Militia Man Al-Sudani said, 'now'. That is a very key point to where we're headed. He comes back a little bit later and he said the dinar is going to be a little bit stronger. He implies 1.5 times. Be careful how you think about that. Some of the folks out there seem to think that means it's $1.50 but...he's talking about the official exchange rate - 1310 [which equals approximately] .00076336...But when he says 1.5 times that's a totally different equations because currencies are valued by reciprocals...what's 1.5 x .00076336? Turns out to be about .0015405... My opinion based on the above; $1/1310 =$0.0007633 $0.0007633 x 1.5 =$0.001144 Guess will happen after deleting the 000 Go Stronger dinar $1+ great post this is what happens when you apply logic! 1 2 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted April 24, 2023 Report Share Posted April 24, 2023 24 minutes ago, Laid Back said: My opinion based on the above; $1/1310 =$0.0007633 $0.0007633 x 1.5 =$0.001144 Guess will happen after deleting the 000 Go Stronger dinar $1+ like your thinking....👍 3 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted April 24, 2023 Report Share Posted April 24, 2023 12 hours ago, Laid Back said: My opinion based on the above; $1/1310 =$0.0007633 $0.0007633 x 1.5 =$0.001144 Guess will happen after deleting the 000 0.001144 delete 3 zeros, then it becomes 1 dinar=$1.14. Hope your opinion is right. 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted April 24, 2023 Report Share Posted April 24, 2023 12 hours ago, NoviceInvestor said: 0.15US would see me out.. Delete 2 zeros only? I thought iraq will delete 3 zeros instead of 2 zeros. 1 1 Quote Link to comment Share on other sites More sharing options...
NoviceInvestor Posted April 24, 2023 Report Share Posted April 24, 2023 1 hour ago, rvmydinar said: Delete 2 zeros only? I thought iraq will delete 3 zeros instead of 2 zeros. 0.15US (15 cents) 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted April 24, 2023 Report Share Posted April 24, 2023 19 hours ago, ronscarpa said: Militia Man what's 1.5 x .00076336? Turns out to be about .0015405..." 3 minutes ago, NoviceInvestor said: 0.15US (15 cents) 0.0015405 delete 2 zeros , it becomes 1 dinar=0.15USD ( 15 cents ). But, Have you ever read the articles somewhere about cbi delete " 2 zeros " instead of " 3 zeros "?? Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted April 24, 2023 Report Share Posted April 24, 2023 20 hours ago, ronscarpa said: Militia Man.But when he says 1.5 times that's a totally different equations because currencies are valued by reciprocals...what's 1.5 x .00076336? Turns out to be about .0015405... =0.00076336+( 0.00076336 x 1.5 ) =0.00076336+0.00114504 =0.00191 USD delete 3 zeros =1.91USD. That means 1 dinar=1.91 USD. 3 1 Quote Link to comment Share on other sites More sharing options...
NoviceInvestor Posted April 24, 2023 Report Share Posted April 24, 2023 5 hours ago, rvmydinar said: 0.0015405 delete 2 zeros , it becomes 1 dinar=0.15USD ( 15 cents ). But, Have you ever read the articles somewhere about cbi delete " 2 zeros " instead of " 3 zeros "?? No I haven’t read that news, however will follow it up .. Thank you 🙂 Quote Link to comment Share on other sites More sharing options...
screwball Posted April 25, 2023 Report Share Posted April 25, 2023 IrQ will delete three zeros….and never printed article talking about two 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted April 25, 2023 Report Share Posted April 25, 2023 17 hours ago, NoviceInvestor said: 0.15US (15 cents) 11 hours ago, NoviceInvestor said: No I haven’t read that news, however will follow it up .. Thank you 🙂 Actually , I really can live with 15 cents. But since Iraq prefer delete 3 zeros , then I still prefer choose $1.5 instead of 15 cents if you know what I mean. 2 Quote Link to comment Share on other sites More sharing options...
Fairways&Greens Posted April 25, 2023 Report Share Posted April 25, 2023 On 4/23/2023 at 5:19 PM, Laid Back said: Original quote from the news article; “the real value of the dinar that exists now is more than a dinar and a half, because the bank's reserves are very high and therefore the cover of the national currency is high." My opinion; All they’re saying is because of high foreign currency reserves they can cover monetary mass 1.5 times or by 150% Militia Man Al-Sudani said, 'now'. That is a very key point to where we're headed. He comes back a little bit later and he said the dinar is going to be a little bit stronger. He implies 1.5 times. Be careful how you think about that. Some of the folks out there seem to think that means it's $1.50 but...he's talking about the official exchange rate - 1310 [which equals approximately] .00076336...But when he says 1.5 times that's a totally different equations because currencies are valued by reciprocals...what's 1.5 x .00076336? Turns out to be about .0015405... My opinion based on the above; $1/1310 =$0.0007633 $0.0007633 x 1.5 =$0.001144 Guess will happen after deleting the 000 Go Stronger dinar $1+ I like where you are going with this. Delete the 3 zeros and get $1.14. I remember reading similar math at around $1.17 or so. Makes sense—stronger than the dollar, but not crazy like Bruce the goose and others throw out there every week. 1 3 Quote Link to comment Share on other sites More sharing options...
Hotcurl Posted April 25, 2023 Report Share Posted April 25, 2023 2 minutes ago, Fairways&Greens said: I like where you are going with this. Delete the 3 zeros and get $1.14. I remember reading similar math at around $1.17 or so. Makes sense—stronger than the dollar, but not crazy like Bruce the goose and others throw out there every week. $1.17 works for me ............ Just do it and say you did ............. This "financial waterboarding" has gotten really old ................ RV there yet ? 2 3 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted April 25, 2023 Report Share Posted April 25, 2023 2 hours ago, Fairways&Greens said: I like where you are going with this. Delete the 3 zeros and get $1.14. I remember reading similar math at around $1.17 or so. Makes sense—stronger than the dollar, but not crazy like Bruce the goose and others throw out there every week. Also very close to rate the used in the feasibility study on the dinar exchange rate $1.13 by the ministry of planning. - Easy way to De-dollarize the country - Real purchasing power Go Stronger Dinar $1+ 1 4 3 Quote Link to comment Share on other sites More sharing options...
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