Luigi1 Posted December 28, 2024 Report Share Posted December 28, 2024 Here's an article of Dinarian interests... The baseline value of the Dinar. Treat as a rumor. Not verified. Your opine. Ariel: The Baseline Value of the Dinar. ARTICLE: The news is just coming out at rapid rates. Speaking of rates. I need to reiterate something. If $3.22 in 1980 was equivalent to $12.34, that’s a 283% increase due to inflation 12 years ago when Dr. Shabibi first brought this up. If the ER reflects the cumulative inflation from 1980 to now, Iraq cannot simply restore their currency to pre-2003 levels without adjusting for inflation over those decades. The baseline value of the Dinar must reflect the erosion of the Dollar’s purchasing power over time, which suggest that a direct reinstatement at older rates would undervalue Iraq’s economic position. If $3.22 in 1980 is now $12.34, applying a similar inflation multiplier (around 3.8x) to the pre-2003 exchange rate of 1 IQD = $3.22 would place the new rate between $12 & $16 per IQD. However, geopolitical factors, resource control (oil) & economic growth could justify rates exceeding even $16 per IQD to reflect Iraq’s current reserves & output. Do you know what that means if you just have only 100,000 IQD? That is at least 1.6 million. People this is just basic economics. Not throwing some dream rates out there for a dopamine fix. Just something to think about. 🤩🎉😎🎉🤩😎🎉🤩😎🎉🤩😎🎉 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 The International Development Bank announced on Thursday: 🔥the introduction of the electronic payment mechanism for entertainment services.🔥 The bank’s management said in a statement received by the Iraqi News Agency… pic.twitter.com/pjsPRfwIOR — Majeed 🇸🇦KSA🇸🇦 (@majeed66224499) December 27, 2024. Governments generally honor old currency to maintain economic stability & trust. They would be shooting themselves in the foot. 2 1 3 2 Quote Link to comment Share on other sites More sharing options...
kelsguy1113 Posted December 28, 2024 Report Share Posted December 28, 2024 Come on Ariel... it was also 3.22 in 2003 - 23 years after that initial post. no inflation factored in there. That is silly. I think the arguments being given have reached a new low. Luigi, I want to say that I actually really appreciate these posts. It helps me to understand what people out there are hearing and dealing with. In conversations people have with me about this speculative investment, it is nice to not be caught off guard with stuff like this. Genuinely, thank you. 2 2 8 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted December 28, 2024 Author Report Share Posted December 28, 2024 32 minutes ago, kelsguy1113 said: Come on Ariel... it was also 3.22 in 2003 - 23 years after that initial post. no inflation factored in there. That is silly. I think the arguments being given have reached a new low. Luigi, I want to say that I actually really appreciate these posts. It helps me to understand what people out there are hearing and dealing with. In conversations people have with me about this speculative investment, it is nice to not be caught off guard with stuff like this. Genuinely, thank you. You are right...$3.22 ER will not change over time due to inflation. The IQD goes through the very same inflationary pressures just like the USD does. Therefore, the EX should not change over time between the two currencies. IMHO. 2 4 Quote Link to comment Share on other sites More sharing options...
cjdavid Posted December 28, 2024 Report Share Posted December 28, 2024 Ok…I will take $16.00 per USD….i mean if we have to…we have to gosh darn it! Funny how she thinks that inflation can be applied to a .00003??? As far as my math skills go, 0x0 is still 0. And that!..is what the Iraq Dinar is, one big goose egg 0! 1 4 1 Quote Link to comment Share on other sites More sharing options...
trvlr787 Posted December 28, 2024 Report Share Posted December 28, 2024 1 hour ago, Luigi1 said: You are right...$3.22 ER will not change over time due to inflation. The IQD goes through the very same inflationary pressures just like the USD does. Therefore, the EX should not change over time between the two currencies. IMHO. I'm not the sharpest knife in the drawer on high finance but how could one say its value is $12 now when they have printed so much more currency through the years. With so much Iraqi currency in circulation multiply the amount times 12 and you have a total worth a gazillion times more than the US and no economy that could support it. Besides the inflation would go into the stratasphere. 2 hours ago, Luigi1 said: 1 hour ago, Luigi1 said: 1 3 1 Quote Link to comment Share on other sites More sharing options...
JonnyV Posted December 28, 2024 Report Share Posted December 28, 2024 $5.00+++ 2 2 Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted December 28, 2024 Report Share Posted December 28, 2024 41 minutes ago, trvlr787 said: I'm not the sharpest knife in the drawer on high finance but how could one say its value is $12 now when they have printed so much more currency through the years. With so much Iraqi currency in circulation multiply the amount times 12 and you have a total worth a gazillion times more than the US and no economy that could support system" rel="">support it. Besides the inflation would go into the stratasphere. You are completely oblivious that’s not how it works!!! Good luck though please seek out a good tax attorney post RV/RI you are definitely going to need it!!! 1 1 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted December 28, 2024 Report Share Posted December 28, 2024 I would just be happy at the 1.16ish to 1. Call me easy, but not dreaming of $12-$16. Not even close to anything like that. NO WAY! 4 2 Quote Link to comment Share on other sites More sharing options...
trvlr787 Posted December 28, 2024 Report Share Posted December 28, 2024 I have all those at my disposal and will use them 1 1 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted December 28, 2024 Report Share Posted December 28, 2024 The USD has lost close to 90% of its value since 1971. If Iraq lost only 30% of its value then I can understand an RI of over $3.22 3 2 2 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted December 28, 2024 Report Share Posted December 28, 2024 6 minutes ago, Dinarrock said: You are completely oblivious that’s not how it works!!! Good luck though please seek out a good tax attorney post RV/RI you are definitely going to need it!!! Tell him how you really feel lol 7 Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted December 28, 2024 Report Share Posted December 28, 2024 3 hours ago, Luigi1 said: Here's an article of Dinarian interests... The baseline value of the Dinar. Treat as a rumor. Not verified. Your opine. Ariel: The Baseline Value of the Dinar. ARTICLE: The news is just coming out at rapid rates. Speaking of rates. I need to reiterate something. If $3.22 in 1980 was equivalent to $12.34, that’s a 283% increase due to inflation 12 years ago when Dr. Shabibi first brought this up. If the ER reflects the cumulative inflation from 1980 to now, Iraq cannot simply restore their currency to pre-2003 levels without adjusting for inflation over those decades. The baseline value of the Dinar must reflect the erosion of the Dollar’s purchasing power over time, which suggest that a direct reinstatement at older rates would undervalue Iraq’s economic position. If $3.22 in 1980 is now $12.34, applying a similar inflation multiplier (around 3.8x) to the pre-2003 exchange rate of 1 IQD = $3.22 would place the new rate between $12 & $16 per IQD. However, geopolitical factors, resource control (oil) & economic growth could justify rates exceeding even $16 per IQD to reflect Iraq’s current reserves & output. Do you know what that means if you just have only 100,000 IQD? That is at least 1.6 million. People this is just basic economics. Not throwing some dream rates out there for a dopamine fix. Just something to think about. 🤩🎉😎🎉🤩😎🎉🤩😎🎉🤩😎🎉 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 The International Development Bank announced on Thursday: 🔥the introduction of the electronic payment mechanism for entertainment services.🔥 The bank’s management said in a statement received by the Iraqi News Agency… pic.twitter.com/pjsPRfwIOR — Majeed 🇸🇦KSA🇸🇦 (@majeed66224499) December 27, 2024. Governments generally honor old currency to maintain economic stability & trust. They would be shooting themselves in the foot. The guy ( Ariel) is a plain fool. I wonder what the color of the sky is in his world ? pp 3 2 Quote Link to comment Share on other sites More sharing options...
edbeach Posted December 28, 2024 Report Share Posted December 28, 2024 There is no way this dinar is going up to 12 to 16 dollars plus I feel this will not go to 3.22 there are a lot of dreamers feeling this will happen. We will be lucky to get 50 cents out of this as I have said previously. Will be happy to get 50 cents still worried this end up as a lop no trust in these people 1 3 Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted December 28, 2024 Report Share Posted December 28, 2024 (edited) 31 minutes ago, Longtimelurker said: Tell him how you really feel lol Yeah I get frustrated at times and probably should not post…lol… but hey if people really believe that is how it works why in the hell would you ever invest in the dinar…lol.. seriously how many trillions and trillions of US dollars have been printed. We have printed so much I am sure our govt lies about what actually has been printed. Right now with the theory stated by the above poster our own US dollar should be worth less then the dinar right now!!! Edited December 28, 2024 by Dinarrock 2 1 1 Quote Link to comment Share on other sites More sharing options...
trvlr787 Posted December 28, 2024 Report Share Posted December 28, 2024 1 hour ago, Dinarrock said: You are completely oblivious that’s not how it works!!! Good luck though please seek out a good tax attorney post RV/RI you are definitely going to need it!!! Well I guess I deserve that by not being an expert in finance and basically asking a question when people keep throwing out these wild rates. Hopefully things will work out but my trust is limited. It is and was a roll of the dice 20 years ago. Nothing ventured nothing gained. 1 1 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted December 28, 2024 Report Share Posted December 28, 2024 1 hour ago, pokerplayer said: The guy ( Ariel) is a plain fool. I wonder what the color of the sky is in his world ? pp I am sure it is very sunny! 2 Quote Link to comment Share on other sites More sharing options...
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