RV NEWS

[Spoolin]

"This project of “removing the three zeros” promises to raise the value of the Iraqi Dinar to $3.33 through a total package of bold decisions, including: first, we have reviewed the import process to ensure that we would not drain our excess foreign currency held by the CBI to support the higher value of the IQD...."

Read more:

Doesn't sound like Lop to me. "Import process"? Notice they said they "didn't want to drain all their excess foreign currency"?. You don't need foreign currency to exchange dinar on a LOP, a lateral move. Also, the introduction of new currency are the lower denominations. Not necessarily the whole spread reworked. A lot of you still want to think in "absolutes" as to what they are going to do. Removal of 3 zeroes could mean any of 3 things: the rate, removal of 3 zero notes, or removal of 3 zeros off the currency globally. The initial print of Dinar included 14 denominations. Only the useful ones were put into circulation, from 50 on up. The people have no use for the 1, 5, 10,..etc. dinar note. After an RV, they won't have any use for the 1k, 5, 10k, and 25k notes. Therefore, they are removed from circulation as they said they would do.

Point is, they could mix in any of these processes. LOP, straight RV, mixed RV, redenomination, etc,etc.. ad infinitum. It's their money.

JMHO, but I'm stickin' to it!!

Ding ding ding.......We have a winner.......

Glad someone else besides myself understands what they read.

[roger01]

Okay I know where your going with you thought process...but I personnally have friends in Iraq right now, that say that they have no problems getting the larger notes. So if they are removed, then why are they still seeing them? Obviously... that still doesnt reduce the amount of currency in cirrculation either.I get the fact that they aaren't all going to go away in country, but it would be greatly deminished if that was the case.

As a final thought, the DFI funds i've only heard, range from about 250 billion to upwards of a trillion...not exactly sure but...that would cover the reserve of a RD and an RV of 3.33. Not Trillions.

Im not saying they have to RD and RV, because if they do it the way I would do it, they could very easily RV to .10 and continue to use their current notes. And any old bills, would be replaced by new bills coming back from overseas and their purchasing power would increase greatly from what it is now. They would get a great bit of their bills back, most wouldnt expect a jump from .10 to three dollars after that, and then they could redonominate and introduce smaller bills later. they also wouldnt dramatically change either prices in the market places. All the while using what they paid for, the new bills we're all sitting on.

buying more time, which we all know they like!

So whos shown you the other four bills you stated they created? We been looking for them for several years now, noone can seem to find a picture. I've only seen 10 notes and coins. Not challengin you, but curious where this tidbit of info came from? Though it seems logical...just not sure where you got that from.

Edited May 10, 2011 by roger01

[roger01]

One more thought, if they did it the way I stated, they could use their current bills, make most of us fairly happy, and they would only have to introduce the coins they already created which would have value and relevance in their marketplace...to make change! Think about it...

Damn, I knew I should have been an economist! lol

[muffy]

get real fellow investors...we gambled...we lost/ broke even....it was a nice ride but its soon to b over...ur not gna he overnight milionares quit ignoring the repeatd facts u c posted everyday on here and move on..im just as dissapointed as the the next " joe " but it is what it is..

[kevnutz]

get real fellow investors...we gambled...we lost/ broke even....it was a nice ride but its soon to b over...ur not gna he overnight milionares quit ignoring the repeatd facts u c posted everyday on here and move on..im just as dissapointed as the the next " joe " but it is what it is..

It ain't over 'till it's over. We didn't lose anything. We haven't broken even. I think this thread is a good reminder that we STILL don't know what lies ahead. Stay positive (or not) and stay grounded (a must).

[roger01]

get real fellow investors...we gambled...we lost/ broke even....it was a nice ride but its soon to b over...ur not gna he overnight milionares quit ignoring the repeatd facts u c posted everyday on here and move on..im just as dissapointed as the the next " joe " but it is what it is..

You sound a bit down. We havent lost anything yet, infact I truely believe you will get your money back and some... its just a waiting game.

[BBear]

Hurt my feelings? Don't make me laugh. Your a 23 year old kid who's taken at most 1 economics 101 class and claims to be the Know all ELOHPEE guru. You need to take a step back and re-read what you just typed. You still have not "proven" what these articles say. You take what an article says and claim to know what they mean. Maybe you missed the whole fact that most translators are not accurate, the least bit, so for you to sit here and PROCLAIM to KNOW what the articles means rather baffles me. You nor anyone else KNOWS what they are talking about in this or past articles, only guesses to what they are trying to do. Just because your set on argueing over the fact they can't RV at such a rate without "LOPING" the zeros makes me wonder where you get your information from. Has Shabs, or Any other power at be come to all mighty Keep Personally and told you this is not possible? You speculate on how much currency is in circulation. You have no proof how much is ACTUALLY in circulation. You have proof that 27 trillion EXIST, do you have proof it's circulating through the country as we speak? You think that every articles coming out of the ME east is correct? Or even the least bit true? I think your confused at the situation. Sorry to take a dump on your EGO, but you don't know what they will or will not do, nor do I or anyone else on this site. And since you know everything, where in this articles does it say they plan raising the currency OVER NIGHT to 3.33? It doesn't, It says they plan to raise the value of it. They don't say when or how long it will take, only that they PLAN TO, Which could mean over days, weeks, months, or years. The information being re-hashed as you call it, is also speculatory. Others opinions to what the article is saying or implying. So whether this is regurgitated or not, my point still follows that no one knows what they mean entirely. And to the fact of me making articles into something they arn't. I never said we will see this rate right off the back or at all for that matter, All I stated was that it is not IMPOSSIBLE just because you think it's not plausable. Maybe you need to take a step back and rest your mind and fingers for a bit, Your a little young for LOPthritis.

BTW, Germany isn't Iraq. Germany was much more educated than Iraq will be in years to come. Germany also did not have the resources that Iraq has. To bring "double currency, with double prices" Would not only confuse them, but create havoc amongst them. Think about what you are saying before you spew your negativity throughout this site.

OK, now YOU show me where the CBI has stated anything about their intent to RV to 1.17 - 8.99. And please dont show me an okie/terryk post. for i may need to slap someone

[In Iraq]

This is a dead subject. People a lot smarter than those posting in here have said it will NOT LOP!

What people??

[roger01]

LMAO!

Edited May 10, 2011 by roger01

[In Iraq]

I never said its gospel, but running around telling everyone to read articles from experts...who might that be? Please educate me, Im in dire need of an education. How is saying that a redonomination is likely, wrong? Im not saying that thats the only thing they can or will do, but your putting things out there that its very obvious that thats not the case, what is your evidence that they wont do that? From a logical stand point... does taking two hundred dollars and turning it into over a million sound logical. Its like playing the lottery. 1 in 30 million odds. I hope your right, I truely do....but if you keep claiming thats the only thing they can logically do, no offense but your head needs to be checked.

It is the same clowns that speculate like the rest of us that are the experts! The only thing I've noticed is that I haven' t gotten rich off this Iraqi currency yet and will not be surprised and suicidal if I don't. It would be nice though, since I dropped $14,000 in Vegas for kicks and giggles and still had fun. The best of luck to all of us though!!

[roger01]

I keep looking for these clowns, they've been in here pumping for the last few days trying to keep everyone on board, not even in a realistic way, but like a used car salesman selling a 16 year old kid his first car. I swear its just like a Ferrari, but the decal on the back says "FIERO", never mind that...its Italian. I'm telling you its a Ferrari...just wait until your girlfriend sees it! lol

oookay... I'll take it!

Edited May 10, 2011 by roger01

[nepperson]

Guys, What creates jobs in this country? If the citizens of this country have money to spend, economy is good, people are buying cars and shopping for you name it, buying houses and so on, because when people buy these things, it creates jobs, Very simple. (I'm not talking about people buying things they can't afford, with someone elses money) is it better for the country and the Gov when people spend money here? of course it is because they tax those purchases. I keep hearing people spout off about "REAL NUMBERS" like "27 Trillion IQD" in circulation... even if that is an accurate number, they talk as if that "27TRILLION" is circulating among investors, like "IF IRAQ RV's THEY WILL GO BROKE PAYING US INVESTORS!!!" Please guys I'm Laughing so hard my stomache is hurting here, Your little puny investment is NOT going to break that country. it's NOT 27 trillion that investors hold, as I said in a previous post, we hold a very SMALL portion of IQD the MAJORITY is and will continue to circulate within their country and the surrounding region, ultimately making it back to Iraq, and YES it will be far better for their country and GOI if it RVs and their citizens instantly or progressivly see the value of their curency reach a 1 to 1 or higher rate. the GOI will get their money and have plenty to pay the bills.

I agree with RescueBreaths, certain people speak about these articles as if they are the ultimate guru of translations and gate keeper of the "what wills" with the dinar and economics in general, This IS NOT GERMANY it is IRAQ and alot of things are VERY different between the two countries and completely different situations. WE ARE NOT THERE FOR THEIR OIL, If we wanted it we would take it and there isn't a thing in the world that could stop us, WE PROTECT their oil fields and PAY FOR EVERY DROP THAT THEY SALE TO US. so sues please sale your "WE ARE SUCH A BIG BAD MEAN COUNTRY, STEALING OTHER POOR COUNTRIES OIL " somewhere else. By the way I didn't mean to hurt your feelings by saying I don't want that SOCIALIST PRESIDENT OF YOURS to get re-elected, it just seems to have struck a nerve. I'm so sorry

Good luck all! PEACE.

Edited May 10, 2011 by nepperson

[hame55]

Guys, What creates jobs in this country? If the citizens of this country have money to spend, economy is good, people are buying cars and shopping for you name it, buying houses and so on, because when people buy these things, it creates jobs, Very simple. (I'm not talking about people buying things they can't afford, with someone elses money) is it better for the country and the Gov when people spend money here? of course it is because they tax those purchases. I keep hearing people spout off about "REAL NUMBERS" like "27 Trillion IQD" in circulation... even if that is an accurate number, they talk as if that "27TRILLION" is circulating among investors, like "IF IRAQ RV's THEY WILL GO BROKE PAYING US INVESTORS!!!" Please guys I'm Laughing so hard my stomache is hurting here, Your little puny investment is NOT going to break that country. it's NOT 27 trillion that investors hold, as I said in a previous post, we hold a very SMALL portion of IQD the MAJORITY is and will continue to circulate within their country and the surrounding region, ultimately making it back to Iraq, and YES it will be far better for their country and GOI if it RVs and their citizens instantly or progressivly see the value of their curency reach a 1 to 1 or higher rate. the GOI will get their money and have plenty to pay the bills.

I agree with RescueBreaths, certain people speak about these articles as if they are the ultimate guru of translations and gate keeper of the "what wills" with the dinar and economics in general, This IS NOT GERMANY it is IRAQ and alot of things are VERY different between the two countries and completely different situations. WE ARE NOT THERE FOR THEIR OIL, If we wanted it we would take it and there isn't a thing in the world that could stop us, WE PROTECT their oil fields and PAY FOR EVERY DROP THAT THEY SALE TO US. so sues please sale your "WE ARE SUCH A BIG BAD MEAN COUNTRY, STEALING OTHER POOR COUNTRIES OIL " somewhere else. By the way I didn't mean to hurt your feelings by saying I don't want that SOCIALIST PRESIDENT OF YOURS to get re-elected, it just seems to have struck a nerve. I'm so sorry

Good luck all! PEACE.

Good post! Agree with everything, such as they can pay back a modest RV (under $1) easily and then go up...

Except the SOCIALIST president. Please set opinion aside and look at the facts - he gets his money from the big corporations and he bailed out the biggest companies in the world in the crash. A socialist president would have let them go under (and Bush bailed them out first) Bush and Obama are on the same team, just different uniforms. God, I wish some people would use their heads...

[keepmwlknfny]

Some people just seem to have such a problem with being able to read and comprehend information that is put in their face and words that come out of other peoples mouths its really sad.....I guess that's why we have winners and losers in this world.....some people just can't be helped no matter how far you go to explain things....Oh well....I know I'm not the only one here who can interpret information and put the pieces together.....

[LADREAMCATCHA]

I hear Amsterdam nice this time of year myby A real long vaction is needed!

[nepperson]

Good post! Agree with everything, such as they can pay back a modest RV (under $1) easily and then go up...

Except the SOCIALIST president. Please set opinion aside and look at the facts - he gets his money from the big corporations and he bailed out the biggest companies in the world in the crash. A socialist president would have let them go under (and Bush bailed them out first) Bush and Obama are on the same team, just different uniforms. God, I wish some people would use their heads...

I appreciate your response, our oppinions may vary some based on the way I see the definition of a socialist,: "Somebody who believes in or supports socialism or a socialist party" as well as my interpritation of the definition of Socialism : Political system of communal ownership:

a political theory or system in which the means of production and distribution are controlled by "the people" (I.E. empolyees) and operated according to equity and fairness rather than "market principles" (I.E. Profit/Loss ratios). IMHO he Deffinately fits this according to his own statements and Ideas of "spreading the wealth". it is not the goal of a socialist to let a company crash and fail, but to gain control of it such as the Unions do, that is who he Bailed out, The UNIONS. While the share holders of GM got screwed, the Unions made their money and then some.

I'm all for helping those who need help, but that is not his objective in my oppinion. I agree that both sides are guilty of spending our money in ways that are wasteful, and I didn't agree in the bailouts from Bush either. I don't think that Bush had the same objectives when it came to the bail outs as Obama has. and Organizations are only allowed to give a certain amount for campaign fund donations.

Thanks again! Peace.

Some people just seem to have such a problem with being able to read and comprehend information that is put in their face and words that come out of other peoples mouths its really sad.....I guess that's why we have winners and losers in this world.....some people just can't be helped no matter how far you go to explain things....Oh well....I know I'm not the only one here who can interpret information and put the pieces together.....

Thank Goodness you're here to explain the interpritations to us lower, ignorant people. PLEASE DON"T MAKE ME LAUGH!!!

Edited May 10, 2011 by nepperson

[keepmwlknfny]

Thank Goodness you're here to explain the interpritations to us lower, ignorant people. PLEASE DON"T MAKE ME LAUGH!!!

The pleasure is all mine!! It makes me happy to help out people like you who dont seem to understand fully a conversation between two people before butting in and relieving all doubt of stupidity....anytime you need some assistance, just give me a ring!!!

[nepperson]

Some people just seem to have such a problem with being able to read and comprehend information that is put in their face and words that come out of other peoples mouths its really sad.....I guess that's why we have winners and losers in this world.....some people just can't be helped no matter how far you go to explain things....Oh well....I know I'm not the only one here who can interpret information and put the pieces together.....

You are a SPECULATOR, the ONLY thing you or anyone else can explain is YOUR SPECULATION / INTERPRITATION. that is it. I like it when people say things like "HOW MANY TIMES DO I HAVE TO EXPLAIN THIS ARTICLE" all share the same characteristic..... "KNOW IT ALL"

[keepmwlknfny]

You are a SPECULATOR, the ONLY thing you or anyone else can explain is YOUR SPECULATION / INTERPRITATION. that is it. I like it when people say things like "HOW MANY TIMES DO I HAVE TO EXPLAIN THIS ARTICLE" all share the same characteristic..... "KNOW IT ALL"

WOW!! When did you figure out I was a speculator?? Man your really quick!! I didnt think anyone would EVER figure it out!!! It doesnt take a freaking genius to read all the removing the zeros articles over the years, each with a little bit more information as to what this so called plan is, and understand what they are talking about.....its really not hard....put the pieces together.....Ill even come help you if you want....I dont proclaim to know everything....and if you knew me, you would never have even said that.....but of course your assumptions do the work for you and you must be dead on!! Hahahaha put down your disney glasses for a moment and go back through the many articles they have put out over the years about removing the zeros and the plan they have been putting together that they are about to submit to parliment.....Do I think this is their only choice and the only thing they are going to do?? NOPE.....do I want it to happen? NOPE......if you can sit there and tell me that its strickly about a straight up RV, well then I dont even think Einstein himself could help you understand it.....

[Don Paul]

if they even think of LOP ing, and I think Shabibi is a bit smarter, there would be such a dump of dinars on the marketplace that they would create an incredible drop in their currency value (IE: super inflation) that the CBI could do LITTLE to stop it and proabably crash everything they have tried to build - economically

Think about how many millions and millions of dinars are being held in check waiting for an RI/RV

[dinarck]

Some people just seem to have such a problem with being able to read and comprehend information that is put in their face and words that come out of other peoples mouths its really sad.....I guess that's why we have winners and losers in this world.....some people just can't be helped no matter how far you go to explain things....Oh well....I know I'm not the only one here who can interpret information and put the pieces together.....

Agreed Keepem,

This has gone from sad to pathetic and now just plain ludicrus. Iraq and Shabbibi could come out and say straight out they are going to LOP which they basically already have and some still wont beleive it. They would be looking for their gurus to spin it into a positive. I love how all the gurus have said that we will here smoke and misinformation just before the RV. In other words only beleive what we say. Problem is they all left. What does that tell you?

[nepperson]

Agreed Keepem,

This has gone from sad to pathetic and now just plain ludicrus. Iraq and Shabbibi could come out and say straight out they are going to LOP which they basically already have and some still wont beleive it. They would be looking for their gurus to spin it into a positive. I love how all the gurus have said that we will here smoke and misinformation just before the RV. In other words only beleive what we say. Problem is they all left. What does that tell you?

The only thing that I have heard them say about removing 000s is that they have decided when to impliment it, it will go hand in hand with an RV, and it will happen very soon. he also said it is a RUMOR that this process will decrease the value of the dinar Shabs said that is "SIMPLY NOT TRUE" you guys are reading articles being translated from Arabic and getting this LOP thing from other countries that were in completely different situations then Iraq. show me where (PLEASE) SHABBIBI SAID "we are going to RD and the 25K note will buy the same thing that the new 25 note will... PLEASE SHOW ME! It seems to me that you guys are trying to take positions as the "NEW GURUs" of LOP. I'm not trying to spin anything to a positive, I simply see it differently, and you guys are trying to push your LOP translation as if old Shabibi is your best bud and he told you himself.... HAS HE REALLY COME OUT AND SAY "straight out they are going to LOP "??? cause I haven't heard him say that. I agree 100% it IS Pathetic!

Chow!

Edited May 10, 2011 by nepperson

[dinarck]

The only thing that I have heard them say about removing 000s is that they have decided when to impliment it, it will go hand in hand with an RV, and it will happen very soon. he also said it is a RUMOR that this process will decrease the value of the dinar Shabs said that is "SIMPLY NOT TRUE" you guys are reading articles being translated from Arabic and getting this LOP thing from other countries that were in completely different situations then Iraq. show me where (PLEASE) SHABBIBI SAID "we are going to RD and the 25K note will buy the same thing that the new 25 note will... PLEASE SHOW ME! It seems to me that you guys are trying to take positions as the "NEW GURUs" of LOP. I'm not trying to spin anything to a positive, I simply see it differently, and you guys are trying to push your LOP translation as if old Shabibi is your best bud and he told you himself.... HAS HE REALLY COME OUT AND SAY "straight out they are going to LOP "??? cause I haven't heard him say that. I agree 100% it IS Pathetic!

Chow!

Like we said, if you dont beleive Iraq and Shabibi then why would you beleive us? You only beleive what you want to be true. Shabs did in fact say they would redenominate as did numerous articles in the past which say the actual word redenominate over and over again. Problem is you and others like you are too blind to see it. You see, they are only telling those who are listening what they are planning. You read an article that says 3.33 and automatically it means straight up RV at 3.33. What your blind eyes wont let you see is the title of the article which is remove three zeros. They say straight up they plan to redenominate and then bring the value to 3.33. Your rose colored glasses wont allow you to see that though. Only the same garbage that has peen pumped for years gets through.

[nepperson]

Like we said, if you dont beleive Iraq and Shabibi then why would you beleive us? You only beleive what you want to be true. Shabs did in fact say they would redenominate as did numerous articles in the past which say the actual word redenominate over and over again. Problem is you and others like you are too blind to see it. You see, they are only telling those who are listening what they are planning. You read an article that says 3.33 and automatically it means straight up RV at 3.33. What your blind eyes wont let you see is the title of the article which is remove three zeros. They say straight up they plan to redenominate and then bring the value to 3.33. Your rose colored glasses wont allow you to see that though. Only the same garbage that has peen pumped for years gets through.

I"M A BELIEVER, I'M A BELIEVER,,,, Right, My Rose colored glasses made me not see where they came out and said

the 25K note will buy the same thing that the new 25 note will... PLEASE SHOW ME! where did your pink super seceret spy glass show you this? is it the same place that you read where I said it means STRAIGHT UP RV AT 3.33? Oh I forgot I've NEVER SAID ANYTHING LIKE THAT. that must be another trait of a KNOW IT ALL, Definition: somebody who professes to know more or better than anyone else about everything. I think they should add to that "someone who adds words where there were no words" cause you guys are constantly reading things that I've writen and taking them out of context or saying that I said something that I didn't, if you can't translate English into its context correctly then how could you POSSIBLY explain a google translation of ARABIC?

Peace!

[Halo9678]

WTF, over????

Guys, we are all SPECULATORS!!! No need to sling colorful metaphors are barbed words at each other. We all have our OWN opinion on what's going to happen, that's all a part of what we ALL are doing. I wonder if as much energy was devoted to the AFTERMATH of the RV regardless of the outcome that so much energy and effort would be expended on LOP vs. NO LOP. The fact is NOBODY knows. Getting into the weeds and arguing over words being said or not said is a bit sophmoric at best. Know what you know and let the chips fall where they may. Thanks.