Dinar News Why there will be no "lop"

[DaveH]

think about this...back in the late 60's the USD still had $500, $1000 dollar bills and denoms up to $10,000.

the dollar got stronger and the higher denoms were taken out of circulation. the same thing is gonna happen with the IQD.

they have lower denoms already. they will take the bigger bills out of circulation. why? has anyone gone to a gas station to fill up, and pay cash? most pumps have a sticker on them telling you that the station will not take a bill $50 or more...got change for a 25k note? i don't think so..our investment will pay us off like we thought...lower denoms will go into circulation...bigger bills will be taken out..common sense...i am with Adam...i am excited cuz rv is very close....check out this link for info on USD denominations

Question: What denominations of currency are in circulation today? Will any new denominations be produced?

Answer:The present denominations of our currency in production are $1, $2, 5$, $10, $20, $50 and $100. The purpose of the United States currency system is to serve the needs of the public and these denominations meet that goal. Neither the Department of the Treasury nor the Federal Reserve System has any plans to change the denominations in use today.

Question: What was the largest currency denomination ever produced?

Answer: The largest denomination of currency ever printed by the Bureau of Engraving and Printing (BEP) was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson. These notes were printed from December 18, 1934 through January 9, 1935 and were issued by the Treasurer of the United States to Federal Reserve Banks only against an equal amount of gold bullion held by the Treasury Department. The notes were used only for official transactions between Federal Reserve Banks and were not circulated among the general public.

http://www.ustreas.gov/education/faq/currency/denominations.shtml#q2

Question: What denominations of currency notes is the Treasury Department no longer printing?

Answer: On July 14, 1969, David M. Kennedy, the 60th Secretary of the Treasury, and officials at the Federal Reserve Board announced that they would immediately stop distributing currency in denominations of $500, $1,000, $5,000 and $10,000. Production of these denominations stopped during World War II. Their main purpose was for bank transfer payments. With the arrival of more secure transfer technologies, however, they were no longer needed for that purpose. While these notes are legal tender and may still be found in circulation today, the Federal Reserve Banks remove them from circulation and destroy them as they are received.

[sabahphilippines]

looping zeros is big possibilities -- too much dinars out there 25 trillions x 1.49 = $$$$$$ thats too much trillions dollars that iraq had to shell out

dont celebrate yet - how wud you exchange the big bills into small denom in usa ?

[DaveH]

looping zeros is big possibilities -- too much dinars out there 25 trillions x 1.49 = $$$$$$ thats too much trillions dollars that iraq had to shell out

dont celebrate yet - how wud you exchange the big bills into small denom in usa ?

you missed the whole point, read my post and you will get it....lop is not a possibility

[TIM]

Hope ya hadnt had to much to drink tonight, every thing is a possible! Dealing with these un godly countrys!!

[ruger1970]

you all do not get it they are saying in a nice way they are going to lop what they will do is drop the exchange rate 1000 to 1 and then give everybody 2 years or 2 months you choose how long and then will not exchange large denomination notes any longer hmmmmm lets think about this or we can dream and believe we are going to be millionares overnight. Enough said I would have been happy with an Rv around .01 to .03 now we all be lucky to get all of our investment returned while Ali rakes in yet again more broker fees and add to his already personal Rv of 36 million dollars for pedaling this crap!

[DaveH]

Hope ya hadnt had to much to drink tonight, every thing is a possible! Dealing with these un godly countrys!!

great reply...very well said

[Kathleen]

no lop I hope

[DaveH]

you all do not get it they are saying in a nice way they are going to lop what they will do is drop the exchange rate 1000 to 1 and then give everybody 2 years or 2 months you choose how long and then will not exchange large denomination notes any longer hmmmmm lets think about this or we can dream and believe we are going to be millionares overnight. Enough said I would have been happy with an Rv around .01 to .03 now we all be lucky to get all of our investment returned while Ali rakes in yet again more broker fees and add to his already personal Rv of 36 million dollars for pedaling this crap!

wow, another great response with no link or fact...

[ruger1970]

Davihna hmmmm maybe Alis wife look over to Investors Iraq for real facts this is a speculation site but remeber when you go to cash in what I said Stop Drinking The Kool Aid heres your link investorsiraq.com the lop is coming

[MoveForward]

Is this right?

You pay $1,060.00 for 1,000,000 Dinar.

Drop three zero's.

You've now paid $1,060.00 for 1,000 Dinar.

If they then RV for a 1:1,

you've now paid $1,060.00 USD to exchange 1,000 Dinar for $1,000.00 USD.

Does that sum it up?