ronscarpa Posted July 19 Report Share Posted July 19 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 Walkingstick It's no secret. The world knows about the monetary reform of the Iraqi dinar. The international world knows about a new exchange rate that is about to come out of this. It's no secret, everybody knows the Iraqi dinar is about to go up in value. Harlequinc3 Question about the dinar 3-zeros video from 7-17-2024: "As I watch the video, it seems their illustration hints on deleting from the currency in such a way that appears they would not recognize the existing zeros and only accept larger denominations with the thought in mind that the additional 3 zeros are no longer recognized." The CBI will remove 3 zeros off .00076 (1310 IQD: $1USD.) This makes the exchange rate $.76. But almost at the exact same time, they will reinstate their currency internationally to $3.22 (and possibly add inflation for 20 years to it — 20%) up to $3.86. Reinstating it means we can exchange the dinar internationally just like any other currency. [Post 1 of 2] Harlequinc3 Think of removing three zeros as literally ‘removing the old currency from circulation.’ That’s all it means. How they do it is entice you and me and Iraqi citizens with an attractive amount. After a certain amount of all that old currency is removed, CBI will up the exchange rate in increments until it hits the rate they want. This is called a dirty float. Most likely after awhile, the CBI will change this to a pure float which is like what you see on regular FOREX, like the dollar does, the Euro does, the pound does, etc. But that won’t matter to you and me because we will have already gotten rid of our dinars and exchanged them for dollars (or whatever currency your own country uses.) [Post 2 of 2] 5 2 6 2 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted July 19 Author Report Share Posted July 19 Added @ Midnight CDT: Frank26 THIS IS AN RI...AS THE CBI STATES...IF IT WAS A LOP THE CBI WOULD HAVE SAID SO... AND THE IMF WOULD HAVE FORCED THEM TO SAY SO PUBLICLY! 3 5 Quote Link to comment Share on other sites More sharing options...
hspotman Posted July 19 Report Share Posted July 19 7 hours ago, ronscarpa said: Added @ Midnight CDT: Frank26 THIS IS AN RI...AS THE CBI STATES...IF IT WAS A LOP THE CBI WOULD HAVE SAID SO... AND THE IMF WOULD HAVE FORCED THEM TO SAY SO PUBLICLY! Is this true? 1 Quote Link to comment Share on other sites More sharing options...
POPSYFLY Posted July 19 Report Share Posted July 19 3 minutes ago, hspotman said: Is this true? It’s the rumors section don’t hold your breath 😩 Quote Link to comment Share on other sites More sharing options...
hspotman Posted July 19 Report Share Posted July 19 Thinking upon it, isn't this what they have been saying....if it is actually from the cbi and not SA? 7 hours ago, ronscarpa said: Added @ Midnight CDT: Frank26 THIS IS AN RI...AS THE CBI STATES...IF IT WAS A LOP THE CBI WOULD HAVE SAID SO... AND THE IMF WOULD HAVE FORCED THEM TO SAY SO PUBLICLY! 1 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted July 19 Report Share Posted July 19 2 hours ago, hspotman said: Thinking upon it, isn't this what they have been saying....if it is actually from the cbi and not SA? Yup. A LOP has to do with run away hyper inflation. Iraq does not have this problem & has no justification to LOP. IMHO. 3 Quote Link to comment Share on other sites More sharing options...
yendor Posted July 19 Report Share Posted July 19 4 hours ago, hspotman said: Is this true? It is coming from Frank 26 and you have to ask if it is true? C'mon, you know better.....lol 1 Quote Link to comment Share on other sites More sharing options...
Bob Posted July 19 Report Share Posted July 19 I believe the Iraqi Government would not LOP because that would make them less than Kuwait RI. The Iraqi ego will never allow the LOP! IMHO only! Just sayin! 1 3 Quote Link to comment Share on other sites More sharing options...
hspotman Posted July 19 Report Share Posted July 19 3 hours ago, Luigi1 said: Yup. A LOP has to do with run away hyper inflation. Iraq does not have this problem & has no justification to LOP. IMHO. I was actually referring to what all the fuss that has been going around lately. But Yendor answered my question with good validity. 1 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted July 19 Author Report Share Posted July 19 (edited) 6 hours ago, Luigi1 said: Yup...A LOP has to do with run away hyper inflation. Iraq does not have this problem & has no justification to LOP. IMHO. 4 hours ago, Bob said: I believe the Iraqi Government would not LOP because that would make them less than Kuwait RI. The Iraqi ego will never allow the LOP! IMHO only! Just sayin! Posted Friday - 7/19/2024: Frank26 [Reference: the Iraqi dinar video from 7-17-2024] It's not a lop to subtract zeros from an exchange rate adds value to a currency. To add zeros to an exchange rate, hello Zimbabwe, reduces the value of the currency. If they add zeros then we are looking at a lop. No where did you see they were adding zeros. Only time will tell exactly what it all means; because, once they do it we will understand it. LOL..! Edited July 19 by ronscarpa 1 4 1 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted July 19 Report Share Posted July 19 11 minutes ago, ronscarpa said: Posted Friday - 7/19/2024: Frank26 [Reference: the Iraqi dinar video from 7-17-2024] It's not a lop to subtract zeros from an exchange rate adds value to a currency. To add zeros to an exchange rate, hello Zimbabwe, reduces the value of the currency. If they add zeros then we are looking at a lop. No where did you see they were adding zeros. Only time will tell exactly what it all means; because, once they do it we will understand it. LOL..! Yup. Looking for a RI at pre Sadam rates. 1 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted July 20 Report Share Posted July 20 22 hours ago, ronscarpa said: Harlequinc3 Question about the dinar 3-zeros video from 7-17-2024: "As I watch the video, it seems their illustration hints on deleting from the currency in such a way that appears they would not recognize the existing zeros and only accept larger denominations with the thought in mind that the additional 3 zeros are no longer recognized." The CBI will remove 3 zeros off .00076 (1310 IQD: $1USD.) This makes the exchange rate $.76. But almost at the exact same time, they will reinstate their currency internationally to $3.22 (and possibly add inflation for 20 years to it — 20%) up to $3.86. Reinstating it means we can exchange the dinar internationally just like any other currency. [Post 1 of 2] Harlequinc3 Think of removing three zeros as literally ‘removing the old currency from circulation.’ That’s all it means. How they do it is entice you and me and Iraqi citizens with an attractive amount. After a certain amount of all that old currency is removed, CBI will up the exchange rate in increments until it hits the rate they want. This is called a dirty float. Most likely after awhile, the CBI will change this to a pure float which is like what you see on regular FOREX, like the dollar does, the Euro does, the pound does, etc. But that won’t matter to you and me because we will have already gotten rid of our dinars and exchanged them for dollars (or whatever currency your own country uses.) [Post 2 of 2] 🙏⏰💯🎯 1 Quote Link to comment Share on other sites More sharing options...
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