The implementation of the deletion of 000's -

[xyzzy]

.... The US, China, many other countries, Warren Buffett, George Bush, Donald Trump, and millions of other are holding the Dinar. Why would they be holding it if they were going to LOP or RD before the RV?

A bit of classic circular reasoning. You state as a fact something that you can possibly know, then ask how can that be true if the dinar is not going have a big RV. The answer is of course that your first statement is very likely false.

I know quite a lot about the investing strategy of Buffet being a long time investor in his fund, and he does not invest in anything that he does not well understand and can well calculate its true value. I think this pretty much precludes Buffet owning it as no one could make such calculations to the confidence level that Buffet demands for his investments, given the potential volatility of Iraq

[dhardage]

Ok we will believe your article and disregard mine. You know this is how it will play out in a RD LOPER mind. So no battle, no proof, nothing but a single article that who knows who wrote and what agenda they wrote it from. So that is reality.

I would LOVE to be wrong on this. Please show me yours!

[Scrumdiddles]

Not talking about it does not make it any less possible. Please show me the article that states that George Bush and Donald Trump are holding Dinar. I can show you at least 5 REAL news articles where they talk about the PLAN to RD. So far, the only REAL evidence of a POSSIBLE RV is the Shabibi interview back in april when he said that they would keep an eye on inflation and THEN decide. The REALITY is (as much as it SUX) that it could happen. And just because we would like to have intelligent conversations about ALL possibilities, good and bad does not mean it is something we WANT to happen.

How do you know they are REAL? Prove it. AH you can't and neither can I. Once again because you can not prove who wrote it or what agenda they wrote it from.

I would LOVE to be wrong on this. Please show me yours!

http://jutawandinar2010.blogspot.com/2010/02/berita-panas-donald-trump-beli-dinar.html

Prove its true or prove its false. I really don't care. Reality is no one has talked to him about dinars. Nor has anyone seen his collection of dinars. Same goes with anyone, they are just named in articles as owners.

Do you have a link to backup ANY of these claims? or are you just repeating what the Guru's have told you?

Oh because i have a thought i got it from a guru. I would think you act more like a guru de-pumping the Dinar. That is reality.

[dhardage]

How do you know they are REAL? Prove it. AH you can't and neither can I. Once again because you can not prove who wrote it or what agenda they wrote it from.

http://jutawandinar2010.blogspot.com/2010/02/berita-panas-donald-trump-beli-dinar.html

Prove its true or prove its false. I really don't care. Reality is no one has talked to him about dinars. Nor has anyone seen his collection of dinars. Same goes with anyone, they are just named in articles as owners.

http://www.iraq-businessnews.com/2011/06/27/iraq-prepares-to-redenominate-its-currency/

we can trust iraq-businessnews when it is something good, but not when they talk about an RD? I know that I saw a video done by MSNBC (who I trust) about the redenomination, I'll find it.

then.............. http://gulfnews.com/business/economy/finance-minister-aims-to-keep-inflation-at-5-1.863022?localLinksEnabled=false&utm_source=Feeds&utm_medium=RSS&utm_term=Business_RSS_feed&utm_content=1.863022&utm_campaign=Finance_minister_aims_to_keep_inflation_at_5%

your turn

[Hawkeye64]

So reducing the money supply from 30 trillion to 30 billion isent a lop? Exchanging your current bills for new ones at a 1000 to 1 ratio isent a lop? Replacing the entire currency with a NEW currency isent a lop? SHEESH!!! I must REALLY be missing something! LOL

Why all the negs for Keep? I find it refreshing to have someone come from a different and what appears to be logical view point. If he's right we can thank him for not allowing us to keep our heads in the sand and giving us fair warning. Let's hope when Iraq flourishes we benefit as well....but I for one want to maintain some balance in the process. Thanks for the insight Keep.

[dhardage]

Why all the negs for Keep? I find it refreshing to have someone come from a different and what appears to be logical view point. If he's right we can thank him for not allowing us to keep our heads in the sand and giving us fair warning. Let's hope when Iraq flourishes we benefit as well....but I for one want to maintain some balance in the process. Thanks for the insight Keep.

Thx for the heads up Hawkeye, I think I evened him out

[Scrumdiddles]

http://www.iraq-businessnews.com/2011/06/27/iraq-prepares-to-redenominate-its-currency/

we can trust iraq-businessnews when it is something good, but not when they talk about an RD? I know that I saw a video done by MSNBC (who I trust) about the redenomination, I'll find it.

then.............. http://gulfnews.com/business/economy/finance-minister-aims-to-keep-inflation-at-5-1.863022?localLinksEnabled=false&utm_source=Feeds&utm_medium=RSS&utm_term=Business_RSS_feed&utm_content=1.863022&utm_campaign=Finance_minister_aims_to_keep_inflation_at_5%

your turn

No since arguing we will get no where. I will just put you on my "oh yea" list. So when it does a RV first i will go through my list and email, call and write to ya "oh yea". Done with the RD LOP BS. Peace out.

[donnydoright]

No since arguing we will get no where. I will just put you on my "oh yea" list. So when it does a RV first i will go through my list and email, call and write to ya "oh yea". Done with the RD LOP BS. Peace out.

Does this list also include a set of people you are misleading? Maybe an "I'm sorry i was part of the con" list?

[dhardage]

No since arguing we will get no where. I will just put you on my "oh yea" list. So when it does a RV first i will go through my list and email, call and write to ya "oh yea". Done with the RD LOP BS. Peace out.

ok, just one more........... Let's assume that your article is true, because you're right. I don't know absolutely that it's not. I truly believe that at some point the Dinar will be worth what it once was. For the sake of all the nasty math, let's call it 3 dinar to the Dollar. Now, IF it Redenominates, I think that kind of jump will happen after the LOP. Now, to some of us, who didn't put a FORTUNE into this, we would then say, ok we tripled our money, big deal. If I had Donald Trump's money, and put 1 million (or more) into this............... i just made 2 million dollars...............Yeah, TOTALLY worth it.

[Scrumdiddles]

Does this list also include a set of people you are misleading? Maybe an "I'm sorry i was part of the con" list?

Yep you got it donnydoright. Whatever you say, you are right i am wrong. You are god and am satan. You are the best and i am the worst. It will happen your way, right away, oh wait that is BK. I mean i will worship you and your posts, mr tough guy, mr i am always right and i will be an as* to prove it. I guess that is why your name is donnydoright. Yep, that is reality.

ok, just one more........... Let's assume that your article is true, because you're right. I don't know absolutely that it's not. I truly believe that at some point the Dinar will be worth what it once was. For the sake of all the nasty math, let's call it 3 dinar to the Dollar. Now, IF it Redenominates, I think that kind of jump will happen after the LOP. Now, to some of us, who didn't put a FORTUNE into this, we would then say, ok we tripled our money, big deal. If I had Donald Trump's money, and put 1 million (or more) into this............... i just made 2 million dollars...............Yeah, TOTALLY worth it.

one thing i never said that is was going to RV high, i stated that it would RV first.

[dhardage]

one thing i never said that is was going to RV high, i stated that it would RV first.

and I didn't see anyone saying that it wouldn't. I think it will be a LOT smaller than some hope, but this board is supposed to be an adult exchange of information and thoughts. For you you to neg someone for having a difference of opinion, and say things like "

Whatever you say, you are right i am wrong. You are god and am satan. You are the best and i am the worst." when ONE ONE ever said that, I think is rather childish.

[Bambino3]

Wow, there he is again. Every time there is some article or conversation about LOP or RD, yep you are here. You really really want it to LOP or RD huh? It is beyond reality, this investment, how much do people have to say that. Smoke and mirrors are almost every article, but somehow the REALITY of this investment can not ever be let go. I sure hope you understand this is a different situation, this is a different time in history, this is a different country with money proven to be valuable. The US, China, many other countries, Warren Buffett, George Bush, Donald Trump, and millions of other are holding the Dinar. Why would they be holding it if they were going to LOP or RD before the RV? Why would they and us throw money at an investment that is sure to LOP or RV because reality says so? Your reality is different from anyone else's reality. History repeats itself most of the time, but the reality is history changes also. This is a different time in life, the crest before the crash, and they are trying to save us from a economic crash. Why would they take the money out of the Peoples hand when they, the people, is what makes the world go around. No not corporation, no not governments, no not countries, no not anything. I just don't understand why why why RD and LOP is still around. This will not be a standard transaction. Alot of measure are being taken for this Dinar, but why, it is not because it will LOP or RD first. Why would they be taking all these measures because people who invested 5,000 into dinars and come away with 15,000. Wow big money huh. Oh yea that is right, its reality. Sorry, how stupid am I.

Don't you understand. Psychologically, Keep wins either way with a LOP or RV. He can say he was right or he is rich.

[dhardage]

Don't you understand. Psychologically, Keep wins either way with a LOP or RV. He can say he was right or he is rich.

Yes, that must be it. Not to be the voice of reason..............not to remind people to stay grounded......................not to simply offer another way to look at things.................not to have people think twice about quitting their day job right now, or not put a down payment on a house that they WILL be able to afford once this thing plays out. He just needs to be right. Got it, thanks

[HopefulTxn]

one thing i never said that is was going to RV high, i stated that it would RV first.

What is the level that you think that it will 'RV first', before any redenomination???

That answer could lead to an interesting debate/conversation...

[dhardage]

What is the level that you think that it will 'RV first', before any redenomination???

That answer could lead to an interesting debate/conversation...

I'm going with what Adam had said at one point. .10 to .30 at first

[xyzzy]

If it were to RV to $0.10, then it could only RD by 10:1 and a 25,000 IQD would become 2,500 new dinars . That's not exactly "deleting the zeros". I think an RV to around 1 penny is as high it could go, that would then allow an RD of 100:1 (like France did) such that a 25K IQD would become 250 new dinar, which is still pretty zero deleting. While that is possible, I think an RV to only around $0.0015 (say 2x) is more likely with an RD of 1000:1 .

[MrDinarman]

Wow, there he is again. Every time there is some article or conversation about LOP or RD, yep you are here. You really really want it to LOP or RD huh? It is beyond reality, this investment, how much do people have to say that. Smoke and mirrors are almost every article, but somehow the REALITY of this investment can not ever be let go. I sure hope you understand this is a different situation, this is a different time in history, this is a different country with money proven to be valuable. The US, China, many other countries, Warren Buffett, George Bush, Donald Trump, and millions of other are holding the Dinar. Why would they be holding it if they were going to LOP or RD before the RV? Why would they and us throw money at an investment that is sure to LOP or RV because reality says so? Your reality is different from anyone else's reality. History repeats itself most of the time, but the reality is history changes also. This is a different time in life, the crest before the crash, and they are trying to save us from a economic crash. Why would they take the money out of the Peoples hand when they, the people, is what makes the world go around. No not corporation, no not governments, no not countries, no not anything. I just don't understand why why why RD and LOP is still around. This will not be a standard transaction. Alot of measure are being taken for this Dinar, but why, it is not because it will LOP or RD first. Why would they be taking all these measures because people who invested 5,000 into dinars and come away with 15,000. Wow big money huh. Oh yea that is right, its reality. Sorry, how stupid am I.

Go back to PTR or OOM. Here at DV we are grounded in reality and look at all possibilities.

[jmw]

I'm going with what Adam had said at one point. .10 to .30 at first

So...if it RV's to .10...then 1 million dinar would be worth $300K....then if they drop the zeros 1 million dinar would now become 100,000 dinar which would still be equal to $300K...so their exchange rate would now be 1 dinar = $300 US dollars....currently Kuwait has the highest exchange rate at roughly 1 dinar to $3.60 US. So now your theory is that Iraq will be 1 dinar at $300 US?

[hame55]

01-10-2011 | (Voice of Iraq) - "the gate of Iraq" varied views of a number of experts and specialists in economic affairs in the process of deletion of zeros and replace the Iraqi currency, between supporters and opponents have split most of the views while some see the importance that the central bank seeks to enforce its financial without confusion, and as planned, others to seek central to the study of intensive and extensive process, which they said: It may not benefit the national economy with something, and the number of experts pointed out that the application of the process of removing the zeros can not achieve success desired only under stable economic conditions , which is not seen Iraq at the moment, according to expert opinion, is that specialists others made ​​clear the importance of the matter as it confirmed that it can maintain the stability of the dinar on one hand and reducing the mass of cash in the Iraqi market, which is approaching four trillion paper reviews the other hand. time inappropriate

ويرى الخبير الاقتصادي الدكتور مهدي الحافظ ان الوقت غير مناسب للشروع بتنفيذ عملية تغيير العملة وحذف الاصفار منها، مشيرا خلال حديث صحفي الى ان العراق ورث فترة طويلة من عدم الاستقرار الاقتصادي، فضلا عن مروره في الوقت الراهن بظروف غيرمستقرة كلها عوامل لا تساعد في العادة على تطبيق خطط نقدية كبيرة كتلك التي يروم البنك المركزي تنفيذها في حذف الاصفار، داعيا الى التأني في تنفيذ هذا الامر لحين استقرار الاوضاع الاقتصادية والسياسية ومن ثم التفكير في تغيير العملة او اعادة النظر في احتساب سعر الصرف. He sees Dr. Mahdi Al-Hafiz was not the time to begin the implementation process of changing the currency and the deletion of zeros, ones, noting during the interview that Iraq inherited a long period of economic instability, as well as passing in the current circumstances Garmestqrh are all factors that do not help in practice to apply plans such as large cash central bank, which purports to be implemented in the deletion of zeros, calling for careful implementation of this matter until the stability of economic and political situation and then consider changing the currency or re-consider the calculation of the exchange rate.

وردا على رأي البنك المركزي العراقي بشأن التغيير التدريجي للعملة في حال حذف الاصفار قال الحافظ: لا يمكن تحديد فترة زمنية لاستبدال العملة، الا بعد ان يشهد الاقتصاد الوطني استقرارا كاملا.. In response to the Iraqi Central Bank's opinion on incremental change of the currency in case of deletion of zeros Hafiz said: Can not determine the period of time to replace the currency, but after that the national economy is stable, full ..

الاستفادة من تجارب الدول Benefit from the experiences of

وبينما يؤكد الحافظ على عدم تناسب الوقت مع عملية حذف الاصفار نظرا لعدم الاستقرار الاقتصادي، فان وكيل وزارة التخطيط والتعاون الانمائي الدكتور فائق عبد الرسول لم يذهب بعيدا عن ذلك الرأي حينما قال: ان السياسة النقدية في العراق مرتبكة جدا…ومربكة. While emphasizing preserving the disproportionate time with the process of removing the zeros due to economic instability, the Undersecretary of the Ministry of Planning and Development Cooperation, Dr. ultra Abdul Rasul did not go away from that view when he said that monetary policy in Iraq is confused too ... and confusing.

ويبين الوكيل خلال حديث صحفي ان تلك السياسة لا تقوم على فهم حقيقي للنظرية النقدية في العالم المستندة الى مفهومين اساسيين هما السياستان الانكماشية والتوسعية، موضحا ان الاقتراح الذي تقدم للعراق هو انتهاج اقتصاد حر وبالتالي كل شيء يسير وفق السياسة الانكماشية، وادى ذلك الى تقليص عرض النقد وبالتالي رفع الفائدة وهذا الامر ولد ضغطا شديدا على امكانية التسهيلات المصرفية، غير ان عبد الرسول في مقابل ذلك دعا الى الاستفادة من تجارب الدول التي سبقتنا في عملية تغيير العملة للحد من الاخطاء التي قد تصادف العملية، وقال ايضا: ليس جديدا على العراق عملية رفع الاصفار من العملة فقد سبقتنا العديد من الدول في ذلك وانا اتصور ان الاستفادة من تجارب بعض البلدان ستساعد على نجاح الامر وهي تجارب مهمة يجب ان تؤخذ بنظر الاعتبار.. Shows the agent during the interview that the policy is not based on a true understanding of the theory of cash in the world based on the concepts of two basic policies have contractionary and expansionary, adding that the proposal made ​​to Iraq is to adopt a free economy, and therefore everything is going according to policy, deflationary, and led to the reduction of money supply thereby raising interest rates and it was born severe pressure on the possibility of banking facilities, but the Abdul Rasul in return invited to benefit from the experiences of countries that have preceded us in the process of changing the currency to reduce the mistakes that you may encounter the process, and also said, is not new to Iraq, the lifting of the zeroes currency has preceded us in many countries, so I imagine that benefit from the experiences of some countries, it will help the success of a test task that must be taken into consideration ..

الاصفار اضيفت لتقوية العملة Zeros added for the strengthening of the currency

بدوره اعتبر الباحث الاقتصادي باسم عبد الهادي ان موضوع تغيير العملة وحذف الاصفار منها امر سابق لاوانه، مشيرا الى ان الجميع يعي ان الاصفار اضيفت الى العملة العراقية نتيجة للضعف الاقتصادي الذي كان يعانيه البلد، مؤكدا ان هذا الضعف مازال قائما ما دعاه الى القول: علينا طبع عملات ذات فئات كبيرة.. In turn, considered the economic researcher as Abdul Hadi said the issue of changing the currency and to delete the zeros of which is premature, noting that everyone knows that the zeros were added to the Iraqi currency as a result of economic weakness, which was suffered by the country, stressing that this weakness is still present what he called to say: we have printed currencies with large groups ..

واوضح عبد الهادي انه في حالة حذف الاصفار فان على الجميع ان يتيقن بان الاقتصاد العراقي عاد الى وضع اقوى بكثير مما كان عليه، وهذا عكس ما يمر به الواقع الاقتصادي حاليا. Abdul Hadi said that in the case of the deletion of zeros to everyone that he is certain that the Iraqi economy returned to a much stronger position than it was, and the opposite of what is going through the current economic reality.

وطمأن الباحث المواطنين مما يدار من احاديث بشأن ما قد يرافق عملية حذف الاصفار، مؤكدا عدم امكانية استغلال الامر من قبل ضعاف النفوس كما اشيع في الاونة الاخيرة، وان العملة الجديدة المزمع طباعتها هي عملة ذات مواصفات عالية يصعب تزويرها او تقليدها باي شكل من الاشكال. The researcher assured the citizens, which is administered talk about what may accompany the process of removing the zeros, he did not exploit the possibility of it by the weak people, as rumored recently, and that the new currency is the currency to be printed with high specifications difficult to forge or imitate in any way.

الى ذلك ايد الخبير الاقتصادي باسم جميل انطوان عملية حذف الاصفار من العملة، مؤكدا اهمية تحجيم ما اسماها ب(الدولرة) وكثرة استخدام العملات الاجنبية في التداولات اليومية للاسواق المحلية، وذكر انطوان ان ابرز ما يحتم على المركزي تغيير العملة وحذف الاصفار منها هو الكتلة النقدية الهائلة الموجودة في الاسواق المحلية والتي تقدر باكثر من اربعة ترليونات ورقة نقدية، مؤكدا ان حذف الاصفار سيقلص هذا العدد ليبلغ بعد ذلك قرابة المليارين وثمانمائة مليون ورقة نقدية، موضحا ان هذه العملية ستختصر كثيرا من التعاملات اليومية للعملة سواء في المصارف او بقية المحاسبات المالية في الاسواق او الصيرفات لاسيما ان المواطن العراقي لا يؤمن الا بالتعامل النقدي(الكاش). To that supported economic expert on behalf of Jamil Antoine process of deletion of zeros from the currency, stressing the importance of curb what he called (dollarization) and the frequent use of foreign currencies in the trading day for the local markets, said Antoine that the most prominent is imperative for the central change the currency, and to delete the zeros of which is the enormous mass of cash in the domestic market, estimated at more than four trillion paper money, asserting that the deletion of zeros will reduce this number to reach after nearly two billion eight hundred million banknotes, explaining that this process be shortened many of the daily dealings of the coin, whether in banks or the rest of the accounting of financial markets or Chierfat especially that of the Iraqi citizen, but does not believe in handling cash (Cache).

واوضح الخبير كذلك ان عملية حذف الاصفار ستمكن المتداولين للعملة من تخزينها ونقلها بشكل اكثر سهولة مما هو عليه الان، غير ان ابرز ما يمكن ان ينجم عنه تغيير العملة بحسب انطوان هو تقليل التداول النقدي المباشر ورفع قيمة الدينار الذي قال انه يتمتع بقوة كبيرة الان لاسيما في ظل دعمه برصيد يبلغ 58 مليار دولار هي قيمة احتياطيات البنك المركــــزي العراقي. He said the expert also said the process of removing the zeros will enable traders to the currency storage and transport more easily than it is now, but the most prominent can result in a change the currency, according to Antoine is to reduce the trading in cash and raise the value of the dinar, which he enjoyed very strongly now, especially in With its support with a $ 58 billion is the value of the Iraqi Central Bank's reserves.

OK, everyone gives their take on this....I have been trained in English, rhetoric and grammar, etc for years, and I read this once, right through. I did this because the translation hurts my brain to try and pick and parse through - you have to take it in bigger gulps, several sentences at a time.

So, I feel they are weighing the options, and are afraid of screwing up with a change, but they feel some kind of change is necessary. I also got a chicken and egg argument out of it - precisely that does a stronger market follow a big currency change (the chicken) and that things are s+++t now, why not RV/RD and give things a jump start, or does the egg come first and they have to wait for a more stable economy and then RV/RD?

My feel from this piece is that they are seriously considering the former - that is, bring on the chicken. The economy will still stagnate, or grow too slowly for social conditions in Iraq, if they leave it where it is. And an RD with no lift in the rate will not accomplish econ. improvement either. Therefore they are left with a continuation of the current process as they have done since it was 4000IQD to the dollar - keep up the RV process.

I think it will be incremental rather than a big jump.But that's OK - more exciting that way. Go through the process of becoming richer and richer...

Japan for years has discussed re denomination, but they have yet to do it. I see this is what Iraq is doing, discussing. It is back and forth chatter. It is obvious they will have to at some point or they might leave their currency as it is, not all countries in their situation do. I read a brilliant paper by Layna Mosley, Dept. of Political Science, University of NC. Titled

'Dropping Zero's, Gaining Credibility? Currency Re denomination in Developing Nations'

My link

Redenomination can have political variables as well as economic.

Hypothesis 1: Both authoritarian and democratic governments may have political reasons for redenomination. Democratic governments are likely to redenominate in response to high inflation. Authoritarian governments may redenominate even without high inflation, particularly in the presence of civil conflict.

Hypothesis 2: Redenomination is more likely following a period of high inflation and a subsequent stabilization. A dramatic downward movement in inflation increases the probability of a redenomination. This is particularly likely in countries that are more open to international capital flows, that are under an IMF adjustment program, and that have politically independent central banks.

Hypothesis 3: Redenomination is more likely immediately after an election (or with many years remaining until the next election), less likely immediately before an election, and more likely in more fractionalized political systems.

Hypothesis 4: Redenomination is less likely, all else equal, when left-leaning parties are in office, and more likely when right-leaning politicians hold office.

Hypothesis 5: Redenomination is more likely in nations where it has been used in the past. The total past experience with redenomination increases the hazard of its use.

Hypothesis 6: Redenomination is more likely, all else equal, where foreign currency substitution is more prevalent in the domestic economy. This is more likely in nations with high inflation, with high local currency/dollar ratios; and foreign currency substitution is more likely after 1989 (as financial globalization expands) than before.

Hypothesis 7: Redenomination is a more likely response to economic problems in more heterogeneous societies, and in younger nation-states.

So what do we see Iraq doing? Why does Maliki and others feel to RD now not a good idea. I think Maliki is concerned if they RD now and it fails for whatever reason, his chance to be re-elected would be nill. He is on rocky ground as is. It has nothing to do with stability, or counterfeiters, or cost.

Where is the IMF in this? There is no mention of an RD in the Financial Sector Review. Nor did the IMF in the meeting in

Washington suggest the possibility of an RD. IMO if it was in the works I would think there would be some discussion and or out line of the process the IMF would want followed. But hey we know these guys don't put everything down on paper.

What is going on in Iraq then. another site, whom I respect mentioned in July Iraq had begun pulling in the 25,000k notes. I wonder whose? Could it be other countries? Could it be possible that unbeknown to the general public,

a deal was struck. Is that why Shabibi in the interview said there was not much dinar out side of Iraqs borders?

What about dollarization? Shabibi said the people would be punished via tax if they use the dollar.

IMO it is all talk, however Shabibi did say oil will be paid in dinar. If they are going to RD they better do it yesterday, because the contracts are coming in.

We can read what they say, or watch what they do. Their time line for RD is getting smaller. Watch and see. I still hope

an RV even a small one is on the horizon.

They are going to have to change the rate to get rid of big bills - right now business is either in dollars, or larger dinar bills. It would be nice to know exactly how much business is in dollars proportionally to know the extent of the need to use high denom dinar bills. It seems to be quite large, this dollar business, and therefore possible to to "bring in" high denoms. But how can they do this if people are using high denoms, and they can't give out low denoms in dinar because they are worthless?

An RD would screw countless foreign investors and not be pretty if Iraq intends to attract foreign investment and build trust.

[RealisticInvestor]

So reducing the money supply from 30 trillion to 30 billion isent a lop? Exchanging your current bills for new ones at a 1000 to 1 ratio isent a lop? Replacing the entire currency with a NEW currency isent a lop? SHEESH!!! I must REALLY be missing something! LOL

Haha yea I'm missing it too... Really it's not hard to read. All we can do is hope it's not true...

That's what the guy said...4 trillion down to 2.8Billion notes. LOP will not reduce the number of notes.

Why exchange...? They will run concurrently...(CBI said that). As they are basically cash society, they will use bigger bills for bigger purchases. And those bills will be taken out once it reaches the banks......reducing the numbers even further.

Delete 3 zeros in not just deleting 3 zeros...it involves introducing LDs...u know that.

You're pretty smart man. Haha. You think an RV will reduce the notes? I can see it now - they will RV at 1 to 1 and people will carry around 25k dinar notes. Haha. If they RV they will need to print trillions of smaller demons to exchange out your 25k...

[yota691]

http://www.iraq-businessnews.com/2011/06/27/iraq-prepares-to-redenominate-its-currency/

we can trust iraq-businessnews when it is something good, but not when they talk about an RD? I know that I saw a video done by MSNBC (who I trust) about the redenomination, I'll find it.

then.............. http://gulfnews.com/business/economy/finance-minister-aims-to-keep-inflation-at-5-1.863022?localLinksEnabled=false&utm_source=Feeds&utm_medium=RSS&utm_term=Business_RSS_feed&utm_content=1.863022&utm_campaign=Finance_minister_aims_to_keep_inflation_at_5%

your turn

trust MSNBC lol

[make11]

And what do you suppose you will get when they exchange your bigger bill if all they are doing is reducing the amount of bills in circulation?

Just wondering what is your agenda keepm? You have been on this board for about 1,5 years and written almost 4000 comments, but seem to except a LOP on every turn.

If that is the case, why on earth do you spend time here if there is no upside in dinars? Just to help others?

A bit confused of your motives, that's all...

[donnydoright]

So...if it RV's to .10...then 1 million dinar would be worth $100K....then if they drop the three zeros 1 million dinar would now become 1,000 dinar which would still be equal to $100K...so their exchange rate would now be 1 dinar = $100 US dollars....currently Kuwait has the highest exchange rate at roughly 1 dinar to $3.60 US. So now your theory is that Iraq will be 1 dinar at $100 US?

I fixed the math and added the Three Zero thing....since they've specifically mentioned three zero's in every article

Just wondering what is your agenda keepm? You have been on this board for about 1,5 years and written almost 4000 comments, but seem to except a LOP on every turn.

If that is the case, why on earth do you spend time here if there is no upside in dinars? Just to help others?

A bit confused of your motives, that's all...

If you buy a house for $50,000 and without doing any work to it, or paying out anything above that $50,000 on it....were able to sell it for $150,000 would you consider that an upside?

I don't really understand how people think anything less then a 117,000% profit is a bad thing....heck, i make great money, but still every penny a make above and beyond is a great thing for me! You guys are spoiled, ANY profit is a good thing....thats why its called Profit

[keepmwlknfny]

Wow, there he is again. Every time there is some article or conversation about LOP or RD, yep you are here. You really really want it to LOP or RD huh? It is beyond reality, this investment, how much do people have to say that. Smoke and mirrors are almost every article, but somehow the REALITY of this investment can not ever be let go. I sure hope you understand this is a different situation, this is a different time in history, this is a different country with money proven to be valuable. The US, China, many other countries, Warren Buffett, George Bush, Donald Trump, and millions of other are holding the Dinar. Why would they be holding it if they were going to LOP or RD before the RV? Why would they and us throw money at an investment that is sure to LOP or RV because reality says so? Your reality is different from anyone else's reality. History repeats itself most of the time, but the reality is history changes also. This is a different time in life, the crest before the crash, and they are trying to save us from a economic crash. Why would they take the money out of the Peoples hand when they, the people, is what makes the world go around. No not corporation, no not governments, no not countries, no not anything. I just don't understand why why why RD and LOP is still around. This will not be a standard transaction. Alot of measure are being taken for this Dinar, but why, it is not because it will LOP or RD first. Why would they be taking all these measures because people who invested 5,000 into dinars and come away with 15,000. Wow big money huh. Oh yea that is right, its reality. Sorry, how stupid am I.

The pumpers got to you hook line and sinker!!! If you get that upset from me asking another member how he thinks they plan on doing something, then your confidence in what you invested in must be REALLY shakey!! Its ok buddy.....not everyone can handle real life situations.....

As another member said, you should probly go hang out at PTR or something.....seems this crowd is too much for your emotions!!

Just wondering what is your agenda keepm? You have been on this board for about 1,5 years and written almost 4000 comments, but seem to except a LOP on every turn.

If that is the case, why on earth do you spend time here if there is no upside in dinars? Just to help others?

A bit confused of your motives, that's all...

My agenda?? LOL none other then to HOPEFULLY make some money....just like you are here duh!!

I will of course accept a lop if thats what happens, aint a damn thing I can do about it and I cant act like they didnt tell us for years before they did it.....

But guess what?!?!? Nobody knows if they will or not yet.....I dont know, and dont claim to....but I surely can comprehend what they are saying and Im not gonna twist it around into something we want to hear when its not.....

There is an upside to owning dinar.....in one way or another the value will go up.....question is, do we make a little? or a lot??

[jmw]

I fixed the math and added the Three Zero thing....since they've specifically mentioned three zero's in every article

Thanks!...had the .30 in my head but decided to use the .10 since it was the lower number but didn't correct it or review it...which I should have...but the point is the same...they aren't going to have an exchange rate of 100 to 1!