Popular Post labdog Posted February 27, 2011 Popular Post Report Share Posted February 27, 2011 I have been notified by friends Abida and Farrah at an Iraqi Bank that the CBI is working on the RV this week end. Many, like my friends believe that this is only the first RV to take place in the next few years. The Dinar may RV more than once to spread the impact of exchange and control the volotility at the same time. My sources say that the Dinar will likely come out with a low RV and mark up from there as it trades on the Forex. Trading on the Forex will happen after the IMF accepts the currency as tradeable and in fact confirms Iraq's place in the oil trade within the middle east. This will all happen relatively quickly but will occur in stages and may take weeks to finalize. I was also told by Abida to hang on to my dinars as the other traders will be in line to cash in there holdings when the RV happens. His advice to me is to simply place the currency into a secure holding or safety deposite box for 2 to 6 month's after the RV to take advantage of the Mark up. Then he would expect me to exchange 30% and continue holding the balance for at least another year. When this all happens the selling of dinar on line will adjust to a complete stop as people start cashing in. The cashing in will hold the value of exchange low until the public has sold out. That's when the mark up will really move. I hope more of the same information comes forward. Go RV 31 4 Link to comment Share on other sites More sharing options...
ngriffi5 Posted February 27, 2011 Report Share Posted February 27, 2011 This is very interesting.... how low is low 5 cents 20 cents a dollar....just curious Link to comment Share on other sites More sharing options...
chuckray Posted February 27, 2011 Report Share Posted February 27, 2011 hope this is true 1 Link to comment Share on other sites More sharing options...
joanwilder Posted February 27, 2011 Report Share Posted February 27, 2011 I'm keeping my eye on the prize. It will happen soon. 1 Link to comment Share on other sites More sharing options...
chuckray Posted February 27, 2011 Report Share Posted February 27, 2011 This is very interesting.... how low is low 5 cents 20 cents a dollar....just curious i think that 20 cents would mean 20,000 $ per 100,000 iqd 1 1 Link to comment Share on other sites More sharing options...
labdog Posted February 27, 2011 Author Report Share Posted February 27, 2011 From what I am guessing, it may RV around $.001US/dinar That would be a good start! Moving to $.01US/Dinar quickly 4 8 Link to comment Share on other sites More sharing options...
Captainron601 Posted February 27, 2011 Report Share Posted February 27, 2011 Well if this rumor is true, then we should be getting an email from Adam very soon... 3 1 Link to comment Share on other sites More sharing options...
graml Posted February 27, 2011 Report Share Posted February 27, 2011 So if we hold on to our dinar and watch it rise till we are ready to cash in, then we should be able to cash in for more later. Nice post. 3 1 Link to comment Share on other sites More sharing options...
NEWMAN Posted February 27, 2011 Report Share Posted February 27, 2011 I have been notified by friends Abida and Farrah at an Iraqi Bank that the CBI is working on the RV this week end. Many, like my friends believe that this is only the first RV to take place in the next few years. The Dinar may RV more than once to spread the impact of exchange and control the volotility at the same time. My sources say that the Dinar will likely come out with a low RV and mark up from there as it trades on the Forex. Trading on the Forex will happen after the IMF accepts the currency as tradeable and in fact confirms Iraq's place in the oil trade within the middle east. This will all happen relatively quickly but will occur in stages and may take weeks to finalize. I was also told by Abida to hang on to my dinars as the other traders will be in line to cash in there holdings when the RV happens. His advice to me is to simply place the currency into a secure holding or safety deposite box for 2 to 6 month's after the RV to take advantage of the Mark up. Then he would expect me to exchange 30% and continue holding the balance for at least another year. When this all happens the selling of dinar on line will adjust to a complete stop as people start cashing in. The cashing in will hold the value of exchange low until the public has sold out. That's when the mark up will really move. I hope more of the same information comes forward. Go RV Sounds like your full of b s & you can not even spell deposit! GO RV!!!!!!!!!!!!!!!! 9 47 Link to comment Share on other sites More sharing options...
Crow Posted February 27, 2011 Report Share Posted February 27, 2011 I think kwatti did a dime as first RV!! I hope for lop of .85 and the grow from there!! 5 4 Link to comment Share on other sites More sharing options...
Popular Post labdog Posted February 27, 2011 Author Popular Post Report Share Posted February 27, 2011 Yes you are right, I did spell deposit incorrectly. I am amazed that no one noticed more errors in my spelling I guess spellcheck is a good tool after all and too bad it isn't available here! Great sense of humor or are you from Canada? Humour! 27 Link to comment Share on other sites More sharing options...
dklll Posted February 27, 2011 Report Share Posted February 27, 2011 Frend of my heard from a banker in MN. Dinar will be on forex at .01 and move up from there. This was friday when he called me we will see. Just repeating what i was told. Posted this last night on post that said Forex. Would match what labdog said. 4 1 Link to comment Share on other sites More sharing options...
easyrider Posted February 27, 2011 Report Share Posted February 27, 2011 (edited) this is some BS if they RV low enough what will happen then will many people buy up all the dinar even mre knowing it has started to move they know its gonna just go up so i dont believe this, they will RV at a decent rate first then have a managed float from there this is way off!!!!!!!!!!! Edited February 27, 2011 by easyrider 13 5 Link to comment Share on other sites More sharing options...
savanna Posted February 27, 2011 Report Share Posted February 27, 2011 Thanks for the posts both of you. Thank god you didn't spell anything wrong....... Thanks for the posts both of you. Thank god you didn't spell anything wrong....... sure I'll here about my double post 6 1 Link to comment Share on other sites More sharing options...
JayLee202 Posted February 27, 2011 Report Share Posted February 27, 2011 There are many companies including GE the electric company is ready to move in and store electricity in Iraq but refuse to do so at this time because the Dinar isn't worth anything after they've learned that they would be paid in Dinars. Now why would they do work in Iraq now with an RV worth .01 cent? Doesn't make any sense, and plus who knows when it will RV again? 3 Link to comment Share on other sites More sharing options...
dinardarius Posted February 27, 2011 Report Share Posted February 27, 2011 I thiought Farrah died over one year ago? I miss her. I'm all for an RV/RI , however I read that Iraqis wanted to learn from Kawaites mistake of RVing low at first? With that in mind I hope and pray that the RV comes in at a minimum of $1.16. That amount most everybody reading this post would cash in now. It's my money --- and I want it NOW !!!! GORVing 4 1 Link to comment Share on other sites More sharing options...
tkc Posted February 27, 2011 Report Share Posted February 27, 2011 I have been notified by friends Abida and Farrah at an Iraqi Bank that the CBI is working on the RV this week end. Many, like my friends believe that this is only the first RV to take place in the next few years. The Dinar may RV more than once to spread the impact of exchange and control the volotility at the same time. My sources say that the Dinar will likely come out with a low RV and mark up from there as it trades on the Forex. Trading on the Forex will happen after the IMF accepts the currency as tradeable and in fact confirms Iraq's place in the oil trade within the middle east. This will all happen relatively quickly but will occur in stages and may take weeks to finalize. I was also told by Abida to hang on to my dinars as the other traders will be in line to cash in there holdings when the RV happens. His advice to me is to simply place the currency into a secure holding or safety deposite box for 2 to 6 month's after the RV to take advantage of the Mark up. Then he would expect me to exchange 30% and continue holding the balance for at least another year. When this all happens the selling of dinar on line will adjust to a complete stop as people start cashing in. The cashing in will hold the value of exchange low until the public has sold out. That's when the mark up will really move. I hope more of the same information comes forward. Go RV I find it hard to agree with this. If they come out at $ .10, the money they would save on the people cashing in early, would be more than offset by the biggies buying it up in voumes and selling it when it went higher. 3 1 Link to comment Share on other sites More sharing options...
JayLee202 Posted February 27, 2011 Report Share Posted February 27, 2011 I thiought Farrah died over one year ago? I miss her. I'm all for an RV/RI , however I read that Iraqis wanted to learn from Kawaites mistake of RVing low at first? With that in mind I hope and pray that the RV comes in at a minimum of $1.16. That amount most everybody reading this post would cash in now. It's my money --- and I want it NOW !!!! GORVing Absolutely, Would you do with in Iraq and get paid with a currency worth .01 cent? You hit it right on the nose 1 Link to comment Share on other sites More sharing options...
MSgt of Marines Posted February 27, 2011 Report Share Posted February 27, 2011 Sounds like your full of b s & you can not even spell deposit! GO RV!!!!!!!!!!!!!!!! When you say low what number comes to mind for the first Rv? 1 Link to comment Share on other sites More sharing options...
NEWMAN Posted February 27, 2011 Report Share Posted February 27, 2011 I get minus signs? Sounds like you CAN'T HANDLE THE TRUTH!!! This is why I said B S "friends Abida and Farrah at an Iraqi Bank that the CBI " No way this happen. PLEASE PEOPLE STOP DREAMING it will happen so, but do not let people feed you B S! GO RV!!!!!!!!!!!!!!!!!! 8 23 Link to comment Share on other sites More sharing options...
MrRich Posted February 27, 2011 Report Share Posted February 27, 2011 Sounds like your full of b s & you can not even spell deposit! GO RV!!!!!!!!!!!!!!!! "your" should be spelled "you're". Thanks for the post, labdog. I always have my doubts about anybody in a bank having reliable information for us, but if this is true it's good news. At .01 I would sell enough to cover my initial investment and then wait for the subsequent increases for my profits. Adam said he couldn't see it coming out at less than a penny so the .001 is questionable IMO. We'll see. At least you're not predicting $5.27. 10 1 Link to comment Share on other sites More sharing options...
touchedthesky Posted February 27, 2011 Report Share Posted February 27, 2011 (edited) this is some BS if they RV low enough what will happen then will many people buy up all the dinar even mre knowing it has started to move they know its gonna just go up so i dont believe this, they will RV at a decent rate first then have a managed float from there this is way off!!!!!!!!!!! I would be inclined to agree, however it also makes sense that if an RV were to start low then it would certainly be well advertised in the media. So, how would it be in "their" best interest$ to continue selling Dinars to every Tom, **** and Harry on the planet? And those who already own Dinars would probably cash in a small amount but they would be hard pressed to sell any. If anything most serious investors would be determined to hang on to them even more. If this is actually true it would make sense that any Dinar Trading would probably be few and far between, IMHO. I would love to see an end to this craziness too, for everyone's sake. I didn't buy any more than I could afford. Pumpers can pump all the spam they want, it wont make much difference anymore anyway. Edited February 27, 2011 by touchedthesky 2 Link to comment Share on other sites More sharing options...
R2d2dc Posted February 27, 2011 Report Share Posted February 27, 2011 Thank you for the rumor 1 1 Link to comment Share on other sites More sharing options...
stargazer55 Posted February 27, 2011 Report Share Posted February 27, 2011 An initial RV rate of .001 from the current .00084 is a 19% increase in value or the same as the average 1170 Dinar/1 USD going to 983 Dinar/1 USD. Is that enough to do any significant good for the Iraqi population? .01 is a different story. Link to comment Share on other sites More sharing options...
FuzzyUzzy Posted February 27, 2011 Report Share Posted February 27, 2011 I love watching these poop flinging matches! RV ALREADY! 3 Link to comment Share on other sites More sharing options...
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