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All the LOP talk can end right now, forever!


J.C.
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Brought over from another site, and definitive in the facts.

I was just comparing Dinar prices at the various sites and came across this under: Important Notices. I thought it was a good read, logical,and CALMING! Nothing new-- just some reassurance on an otherwise sleepy Sunday morn.

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Recently, many rumors have been circulating about possible changes to the Iraqi Dinar One such rumor is that the Iraqi government is considering changing their national currency from the new Iraqi Dinar, which was introduced in October 2003 following the fall of Saddam Hussein from power, to an entirely different currency with new notes and denominations. Another suggests the large 25,000 dinar note will be made obsolete and unable to be exchanged.

It is the opinion of the xxxx experts that these rumors are not something with which a potential Iraqi Dinar investor should be concerned. The majority of the “currency change” rumors have been initiated by individuals who have ulterior motives to profit from such currency changing fears.

Most of the rumors about the uncertain future of the Iraqi Dinar are started by businesses or individuals looking to profit from investment into their own “secure electronic Iraqi bank accounts.” In order to drive potential investors in the Iraqi Dinar to these accounts, articles based on unfounded information are marketed by these business owners. The main goal of this misinformation is to increase feelings of fear and uncertainty in order to convince investors that holding physical money is an unsafe and unwise strategy. What is the only proper way to invest in Dinar according to these companies? You guessed it- placing your money in their “secure electronic accounts.” We’ll talk about these so-called secure electronic Iraqi bank accounts later in this article, but first let’s address the speculations that Iraq will totally overhaul its present currency.

The bottom line is that the prospect of the Iraqi Government changing the nation’s currency in the near future doesn’t make sense on several levels. Governments generally change their currencies because they are 1) offensive, or 2) because the currency is being counterfeited successfully. In the case of the Iraqi dinar—it is neither. In 2003, the Iraqi Dinar was implemented with the approval of the Iraqi people. The new currency was changed from the offensive “Saddam” banknotes that were widely counterfeited to the new Iraqi Dinar which is one of the newest most secure currencies in the world. xxx reports that out of the tens of millions of banknotes they have inspected, cleared, exchanged, they have run across 0 (zero) counterfeit banknote.

Furthermore, the Iraqi Government is working hard towards having their currency and economy fully integrated with the world economic market. In order to do this, there are significant accounting measures, procedures, and audits which must be accomplished internally and externally. To change the currency prior to being established on the world market would be counterproductive to the goal of integrating the Iraqi economy into the global economy. Some Iraqi Dinar investors don’t realize that a country won’t/can’t declare a currency worthless and just start transacting with a new currency; there has to be a changeover period. Countries don’t just erase wealth one day and say “everyone is starting from scratch.” Even after the fall of Saddam, the old Saddam currency was exchanged for the new Iraqi Dinar and wealth was maintained. Changing the currency would be very expensive and time consuming. Unlike the change from the old Saddam banknotes to the current Iraqi banknotes which took several months, any change in currency now would take many more months to complete the process. It just doesn’t make sense. If Iraq does decide to change their currency, it is more likely to occur after or in conjunction with a significant revaluation of the currency. A significant revaluation would necessitate the introduction of smaller banknotes for the sake of usability.

ANYONE trying to stir up the LOP monster is just kicking the anthill to get a rise out of you. There will be no lop!

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This has made me feel soo much better thank you!

Glad I could help. I expect those with an ulterior motive to come here and bash away, but you really need to ask yourself what they are bashing? If I'm taking away business from a rip off artist, TOO DAMN BAD!!

Great post! Link?

I would guess, based on his saying he was checking out prices at the various sites, that it probably came from a Forex site. I just copied and pasted what was there, and brought it here to share.

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I love this post thank... I'm in iraq on my cell phone and this post made me getup and go buy some more dinar

I am probably completely wrong, but isn't it illegal to buy a lot of currency in another country and bring it across the boarder to another country.

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I am probably completely wrong, but isn't it illegal to buy a lot of currency in another country and bring it across the boarder to another country.

I brought about 10 mill in Iraq and brought it home.You just have to be smart how you do it.

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Spok1: "I brought about 10 mill in Iraq and brought it home.You just have to be smart how you do it."

Read more:

Don't forget y'all... Now the TSA can see through your panties...

Oops. Can I say panties?

Because if I can't say panties, I apologize. :D

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. Countries don’t just erase wealth one day and say “everyone is starting from scratch.” Even after the fall of Saddam, the old Saddam currency was exchanged for the new Iraqi Dinar and wealth was maintained.

Countries also dont just create wealth or atlest not at the extreme 10,000% people claim

25k dinar note that were to be equal to the 25 note isn't a decrease ni welth they are both worth 25 usd so wealth wasn't destroyed

There will be a lop then a RV

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Ok maybe this is a little outdated or this guy doesnt know ALL the FACTS.....because the dinar HAS and IS being successfully counterfeited......its why countries change the face of bills from time to time....just like the US....so to think the dinar is impossible to forge is a little far fetched because I know for a fact it is.....heck where do you think those stories from Japan were coming from?? Because people were being sold FAKE dinar notes....and I have talked to many "boots on ground" that have dealt with the fakes as well......so that doesnt hold any water.....

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MPG IF YOU BELIEVE THAT WAY Y ARE YOU HERE Y WOULD U BE INVESTED IN THE DINAR NOT BASHING JUST ASKING

Not bashing I think we will make money but more like 300% not 10,000%

I hope I am wrong and I can make millions and if I am wrong I will love to eat crow :D

I should have done more research when I first bought my dinars now I would actually buy more.

We shall see soon I think and like I said I sure hope I am wrong I would love to retire at a early age :)

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Ok maybe this is a little outdated or this guy doesnt know ALL the FACTS.....because the dinar HAS and IS being successfully counterfeited......its why countries change the face of bills from time to time....just like the US....so to think the dinar is impossible to forge is a little far fetched because I know for a fact it is.....heck where do you think those stories from Japan were coming from?? Because people were being sold FAKE dinar notes....and I have talked to many "boots on ground" that have dealt with the fakes as well......so that doesnt hold any water.....

Out-dated is correct. This statement was originally made by dinar banker back in December of 2009

http://www.dinarbanker.com/iraqi-dinar/change-of-currency-and-electronic-accounts.html

No offense to you J.C. - But the site that you got this from simply copied this material from an old article posted on dinar banker last year.

December 21, 2009

Recently, many rumors have been circulating about possible changes to the Iraqi Dinar One such rumor is that the Iraqi government is considering changing their national currency from the new Iraqi Dinar, which was introduced in October 2003 following the removal of Saddam Hussein from power, to an entirely different currency with new notes and denominations. Another suggests the large 25,000 dinar note will be made obsolete and unable to be exchanged. Read the full article here.

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Out-dated is correct. This statement was originally made by dinar banker back in December of 2009

http://www.dinarbank...c-accounts.html

No offense to you J.C. - But the site that you got this from simply copied this material from an old article posted on dinar banker last year.

December 21, 2009

Recently, many rumors have been circulating about possible changes to the Iraqi Dinar One such rumor is that the Iraqi government is considering changing their national currency from the new Iraqi Dinar, which was introduced in October 2003 following the removal of Saddam Hussein from power, to an entirely different currency with new notes and denominations. Another suggests the large 25,000 dinar note will be made obsolete and unable to be exchanged.

Read more:

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It still doesn't change the fact a country only LOPS because of hyper inflation, and that is NOT the case in Iraq. NO lop, period. ANYONE who says otherwise is simply trying to create drama where none exists.

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It still doesn't change the fact a country only LOPS because of hyper inflation, and that is NOT the case in Iraq. NO lop, period. ANYONE who says otherwise is simply trying to create drama where none exists.

Thats not the only reason.....and in case you didnt know, they lop AFTER a long period of hyperinflation where Iraq is at this moment.....its not just causing drama...its opening your eyes to reality and ALL possibilities....you can keep your blinders on if you want but thats the reality of things....I want a straight up RV as much as anyone....but I like to stay grounded and see all sides so I can be prepared for whatever happens.....but everything your saying isent true....

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That's the truth guys. We all know what we want to happen but we gotta look at it from all angles. I'd like it to RV tomorrow at $5.72 or $6.12 like Terry K and some of them are saying but they've been saying that for awhile and who wants to get disappointed every day? Gotta look at all possibilities and be pleasantly surprised if it does RV. I'm wondering how long it can stay at the rate it's at before they make a big move?

Edited by marknet73
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Thats not the only reason.....and in case you didnt know, they lop AFTER a long period of hyperinflation where Iraq is at this moment.....its not just causing drama...its opening your eyes to reality and ALL possibilities....you can keep your blinders on if you want but thats the reality of things....I want a straight up RV as much as anyone....but I like to stay grounded and see all sides so I can be prepared for whatever happens.....but everything your saying isent true....

Walk, they are so far from hyper-inflation, it's not even funny. Their inflation rate is 3%. Hyper inflation is defined as a rate in excess on 8% for a sustained period no less than 12 months. It's Econ 101.

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I know you didn’t write this but the person that did is very emotional and inconsistent with what they consider nonfiction.

This is merely an opinion of someone that posted it to promote Kool-Aid and mix it in the pot of reality so the sales will start to occur again.

I don’t care what the dealers say… their sales have gone in the toilet the last week or so because everyone started to use their brains and read the actual news and not listen to the “Kool-Aid Guru’s”. :blink:

I am saying nothing less than to be vigilant and fact check what you hear and read before getting folk all riled up.

The actual news and statements out of Iraq are not consistent with this.

Basic economics + this post = opinion :o

Edited by Incountry
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