DRV1804 Posted September 7, 2011 Report Share Posted September 7, 2011 http://************.com/2011/09/07/cntv-video-iraq-to-revalue-its-currency-9711/ 4 1 Link to comment Share on other sites More sharing options...
lifeoriley Posted September 7, 2011 Report Share Posted September 7, 2011 WOW!!! thanks DRV !!! I think its good news , he said "revalue" but also said "a 1k bill will become a 1 dinar bill" not sure I like that! Lets hope for the best! go RV!! 1 Link to comment Share on other sites More sharing options...
hammer911 Posted September 7, 2011 Report Share Posted September 7, 2011 WOW!!! thanks DRV !!! I think its good news , he said "revalue" but also said "a 1k bill will become a 1 dinar bill" not sure I like that! Lets hope for the best! go RV!! That would make it about $.86....Im good with that!!!GO RV!!!~~~ Link to comment Share on other sites More sharing options...
DRV1804 Posted September 7, 2011 Author Report Share Posted September 7, 2011 WOW!!! thanks DRV !!! I think its good news , he said "revalue" but also said "a 1k bill will become a 1 dinar bill" not sure I like that! Lets hope for the best! go RV!! I hear ya!! It's so weird to actually watch a video of someone talking about the RV!! Link to comment Share on other sites More sharing options...
lifeoriley Posted September 7, 2011 Report Share Posted September 7, 2011 I hear ya!! It's so weird to actually watch a video of someone talking about the RV!! It's one thing to read all the articles , but actually hearing it makes it seem so real !!! this really brightened up my day! Link to comment Share on other sites More sharing options...
tennesseem Posted September 7, 2011 Report Share Posted September 7, 2011 2 or 3 flippen years. 1 Link to comment Share on other sites More sharing options...
easyrider Posted September 7, 2011 Report Share Posted September 7, 2011 (edited) 2 or 3 flippen years. they are refering to the restructuring that it will take 2-3 years. Chill. Edited September 7, 2011 by easyrider 6 Link to comment Share on other sites More sharing options...
thegente Posted September 7, 2011 Report Share Posted September 7, 2011 This is from China TV, and is parroting the news released from the Ministry of Finance today that was posted on Reuters earlier...SMOKE 2 Link to comment Share on other sites More sharing options...
easyrider Posted September 7, 2011 Report Share Posted September 7, 2011 (edited) So he said a 1K note becomes a 1 dinar note, and that this proces would take a several years to complete. Clearly that is not an RV but an RD, he was just using the wrong term. Nothing in the video talked about buying power for the 1k current dinar or 1 new dinar increasing, and RV's are not announced. This is only bad. no restructuring is an R/d and that will be a long process yes. I just read and artcile stating the would have to increase the value then restructure . This is good it actually means they will not R/D right away but actually give it time to collect all the big notes from circulation as well. If they were to R/D right off the bat we would be screwed but this is not the case over the course of 2-3 years, they will add value because if they Dont what will it accomplish and how will they go international for the first time with just an R/D? makes no sense. Edited September 7, 2011 by easyrider 10 Link to comment Share on other sites More sharing options...
lifeoriley Posted September 7, 2011 Report Share Posted September 7, 2011 2 or 3 flippen years. I don't think they could make a statement like that then drag it out for 2 to 3 years . IMO it will rv then gradually rise over the next few years. 1 Link to comment Share on other sites More sharing options...
Mazzz27 Posted September 7, 2011 Report Share Posted September 7, 2011 no restructuring is an R/d and that will be a long process yes. I just read and artcile stating the would have to increase the value then restructure . This is good it actually means they will not R/D right away but actually give it time to collect all the big notes from circulation as well. If they were to R/D right off the bat we would be screwed but this is not the case over the course of 2-3 years they will add value because if they Dont what will it accomplish and how will they go international for the first time with just an R/D? makes no sense. i hope youre right. so what youre saying is that we should have a 2 year window? Link to comment Share on other sites More sharing options...
tennesseem Posted September 7, 2011 Report Share Posted September 7, 2011 and why is there coke cheeper, sounds like jack & coke time to me 4 Link to comment Share on other sites More sharing options...
easyrider Posted September 7, 2011 Report Share Posted September 7, 2011 (edited) Well then if its an RD lets call it an RD. Where is the article about increasing value? I do expect an RV to happen before or soon after the RD is announced, just a very small one though. me too im not expecting a huge RV neither. Would be nice but they need to RV to raise the value where they can trade internationally and give the Iraqis some buying power back from long years of war. Also it would make sense to come out about .86 cents then that will give it time for the maket to drive up the dinar but this will take years to accomplish once they know what they are sitting on regarding reserrves. Lots of untapped reserves still. Edited September 7, 2011 by easyrider Link to comment Share on other sites More sharing options...
DRV1804 Posted September 7, 2011 Author Report Share Posted September 7, 2011 and why is there coke cheeper, sounds like jack & coke time to me Link to comment Share on other sites More sharing options...
redsand Posted September 7, 2011 Report Share Posted September 7, 2011 Well then if its an RD lets call it an RD. Where is the article about increasing value? I do expect an RV to happen before or soon after the RD is announced, just a very small one though. the small .10-.25 would be okay in my book. That would pay off a lot of loans! Link to comment Share on other sites More sharing options...
easyrider Posted September 7, 2011 Report Share Posted September 7, 2011 i hope youre right. so what youre saying is that we should have a 2 year window? yes. Link to comment Share on other sites More sharing options...
JWJW11 Posted September 7, 2011 Report Share Posted September 7, 2011 no restructuring is an R/d and that will be a long process yes. I just read and artcile stating the would have to increase the value then restructure . This is good it actually means they will not R/D right away but actually give it time to collect all the big notes from circulation as well. If they were to R/D right off the bat we would be screwed but this is not the case over the course of 2-3 years they will add value because if they Dont what will it accomplish and how will they go international for the first time with just an R/D? makes no sense. Exactly! Still dont see how some dont get it............the CBI is meaning that they will remove the 3zero currency from the circulation NOT off the note..LOL its seriously funny at ths point how you could just hang around no scream no its bad all day makes no sense They continue to talk about how this process will take years and the currencies will co-exsist........at the end of the day a dinar is a dinar especially outside of Iraq We are gettin so dang close!!! 4 1 Link to comment Share on other sites More sharing options...
thatoneguy Posted September 7, 2011 Report Share Posted September 7, 2011 no restructuring is an R/d and that will be a long process yes. I just read and artcile stating the would have to increase the value then restructure . This is good it actually means they will not R/D right away but actually give it time to collect all the big notes from circulation as well. If they were to R/D right off the bat we would be screwed but this is not the case over the course of 2-3 years, they will add value because if they Dont what will it accomplish and how will they go international for the first time with just an R/D? makes no sense. I like your thought, easy. First, a revalue that will de-dollarize the country. Then, slowly move towards having the strongest currency in the ME, competitive to Kuwait. That's what I'm hoping, and thinking will happen. Once we get some finalization out of the way by going international, there will be soooooo many angles to work in order to capitalize. I know my angles. I gotta end my post with the Mr. Consistent DV member 'Laid Back': GO RV, GO BIG 3+ Or something like that. 2 Link to comment Share on other sites More sharing options...
Nottoolate Posted September 7, 2011 Report Share Posted September 7, 2011 .15, .25, .85 or 1 to 1 all equal profit. Link to comment Share on other sites More sharing options...
Alex38 Posted September 7, 2011 Report Share Posted September 7, 2011 I like it!!!! Link to comment Share on other sites More sharing options...
thatoneguy Posted September 7, 2011 Report Share Posted September 7, 2011 And, man, I love seeing news footage that shows a new, real Iraq, versus the footage shown here in the states of little towns that have been bombed, and military laden territories. All part of the "fear factor" the media spreads here in the U.S. Link to comment Share on other sites More sharing options...
easyrider Posted September 7, 2011 Report Share Posted September 7, 2011 (edited) Indeed that would be fantastic, but if we take it as correct that in the RD (or resructuring) a 1,000 IQD becomes a 1 (new)IQD, then that brings the rate up to $0.86 with no RV at all. Then if they want to make the dinar more attractive they could do a 2x-4x RV so it would be at $1.72 - $3.44 . As soon as we for sure know the RD as 1000:1 instead of 100:1, we know the RV that goes with it is limited. If the RD was 100:1, then the associated RV could be 20x, but the announcer did clearly say a 1000 note becomes a 1 note yes he is simply referring to the lower denoms but the exchange rate must change along with the 2012 budget ive read numerous articles that have said the exchange rate is indeed tied to their budget. That will be changing the programmed rate will not stay for long. Part of the restructuring process is to take in the big three zero notes not to do just a simple RD without rasing the value that makes no sense at all to me anyway. P.S this has been studied by one of the smartest economists in the WORLD AL- Shabbibi from him to come out and say well we are just gona R/D and follow suit like Turkey and brazil etc. IMHO that will not happen this has been studied for years please take that in regard as well. Edited September 7, 2011 by easyrider 1 Link to comment Share on other sites More sharing options...
Mr. Mont Posted September 7, 2011 Report Share Posted September 7, 2011 no restructuring is an R/d and that will be a long process yes. I just read and artcile stating the would have to increase the value then restructure . This is good it actually means they will not R/D right away but actually give it time to collect all the big notes from circulation as well. If they were to R/D right off the bat we would be screwed but this is not the case over the course of 2-3 years, they will add value because if they Dont what will it accomplish and how will they go international for the first time with just an R/D? makes no sense. I totally agree with you Easy. 1 Link to comment Share on other sites More sharing options...
dizzyd Posted September 7, 2011 Report Share Posted September 7, 2011 I don't think they could make a statement like that then drag it out for 2 to 3 years . IMO it will rv then gradually rise over the next few years. That's what I'm thinking as well, hope we're right! Go RV already............ Link to comment Share on other sites More sharing options...
Realdinar Posted September 7, 2011 Report Share Posted September 7, 2011 The man said revalue. 2-3 years. 1 Link to comment Share on other sites More sharing options...
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