ronscarpa Posted January 5 Report Share Posted January 5 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 Frank26 Question: "When the rate is changed IYO will the Iraqi citizens be exchanging their 3-zero notes in country before the rate is on Forex?" Iraqi citizens don't care about Forex. You care about Forex. Because that's one of the vehicles/platforms that's going to float the currency and go up in value internationally. But inside a dinar is a dinar. Whatever the rate is that they establish, it could be $0.10, it could be a $1.00...that is what they will use inside of their country not outside. Nader From The Mid East Many people sending me things, things about 2026. I don't think they're going to wait till 2026. I don't think whoever explained you this, he read it wrong...If it start to float it's going to go quick. We just need to float it...If they did like they said and took off the dollar from the market, from the streets, things going to go quick...I agree with them that it's going to go up gradually but it's not going to take two or three years to reach 1 to 1... Angel1 Here's one way they can do it. They can do what's called a re-denomination... You got 3-zeros and then you've got a re-denomination which is another set of currency which is what many call the smalls. You've got a 25,000 note and then you've got a 25 note...The key...a re-denomination occurs when there is an exchange in currency but there is no value change. No value change - that is what a re-denomination is [LOP]. What can happen is you get the larges, you exchange them for smalls, they're given a certain time frame, say 10 to 20 days and in that 10 to 20 days they change prices in their markets...and then sometime between 10-20 days they jump on Forex and it goes International...That is one way they can do it..[Post 1 of 2] REPOSTED Angel1 Another way they can do it is when they do exchange their bigs for their smalls, they can add value at that point. So it's not just the re-denomination but it's also a reinstatement at the same time. Then by IMF law they have 72 hours in which they must show it internationally. If they do a re-denomination with no value change then they can keep that in country for a little bit longer than the 72 hours. [Post 2 of 2] 1 4 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 5 Report Share Posted January 5 7 hours ago, ronscarpa said: Nader From The Mid East I don't think they're going to wait till 2026. but it's not going to take two or three years to reach 1 to 1... Are you really sure about that? Who told you that? A. Gurus B. Dinar dealers C. Maliki and his cronies D. Hunter Biden E. Does Genie give you 3 wishes from the Aladdin's magic lamp? F. All of them above 1 1 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted January 5 Report Share Posted January 5 I don't believe they will re-denominate their currency. I am an anti-lopster, and will continue to be so until the final day! If Nader thinks that is going to happen, he should get out now and not keep putting up with this craziness! JMHO Quote Link to comment Share on other sites More sharing options...
BETTYBOOP Posted January 5 Report Share Posted January 5 25 minutes ago, NWGUY said: I don't believe they will re-denominate their currency. I am an anti-lopster, and will continue to be so until the final day! If Nader thinks that is going to happen, he should get out now and not keep putting up with this craziness! JMHO think ypu mean angel1. Nadir doesn't mention a lop. lol Quote Link to comment Share on other sites More sharing options...
NWGUY Posted January 5 Report Share Posted January 5 13 minutes ago, BETTYBOOP said: think ypu mean angel1. Nadir doesn't mention a lop. lol Sorry...got myself all worked up! lol 1 1 Quote Link to comment Share on other sites More sharing options...
BETTYBOOP Posted January 5 Report Share Posted January 5 4 minutes ago, NWGUY said: Sorry...got myself all worked up! lol No need to apologise. Easily done un the crazy dinar world. 😂😂 1 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted January 5 Report Share Posted January 5 2 minutes ago, BETTYBOOP said: No need to apologise. Easily done un the crazy dinar world. 😂😂 Lopster's get me a little worked up. Started typing, and forgot who said it was going to re-denominate! While we don't know everything or can even predict the future, the odd's are very very low that they would do it. I should just let it go! 1 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 5 Report Share Posted January 5 2 hours ago, NWGUY said: Lopster's get me a little worked up. Started typing, and forgot who said it was going to re-denominate! While we don't know everything or can even predict the future, the odd's are very very low that they would do it. I should just let it go! I just ignore the fools…..no response 1 1 Quote Link to comment Share on other sites More sharing options...
jg1 Posted January 5 Report Share Posted January 5 56 minutes ago, screwball said: I just ignore the fools…..no response Me too. The problem is now is I don’t get to see very much as most everyone is blocked. 1 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted January 5 Report Share Posted January 5 32 minutes ago, jg1 said: Me too. The problem is now is I don’t get to see very much as most everyone is blocked. I hate negativity. I normally let those clowns spout off that crap, but every once in a while my crap meter fill's up, and needs to be emptied! 1 2 Quote Link to comment Share on other sites More sharing options...
Shedagal Posted January 6 Report Share Posted January 6 1 hour ago, NWGUY said: I hate negativity. I normally let those clowns spout off that crap, but every once in a while my crap meter fill's up, and needs to be emptied! The ignore button has been a blessing. 1 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 6 Report Share Posted January 6 2 hours ago, jg1 said: Me too. The problem is now is I don’t get to see very much as most everyone is blocked. Yeah I have the same problem… 1 Quote Link to comment Share on other sites More sharing options...
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