Central Bank reveals details of the Iraq Currency

[Sanssouci]

Waving your hands saying "oil credits" does not answer the problem. Iraq brings in maybe $50B in oil dollars today and over the next few years that likely will rise to maybe $200B . They need that money to build their infrastructure. Why would they RV just to have to borrow money against future oil revenue and thus immediately go into debt, when it all it does it make investors wealthy?

It is only a problem insofar as you are stuck on the idea that Iraq has to pay out 100% in US cash.

[xyzzy]

Your comments on this are ridiculous.

How so? The flow was like this:

Dallite: Nothing like an Iraq RV to $3 has ever happened in the history of the world

Sanssouci: What about 9-11 it was unique too.

So I responded showing how they are in fact radically different and a singular event involving a small number of people is nothing like a global restructuring.

Seriously. I do agree the rate won't be close to 3.00

I don't think a RV could be higher than around a penny (12:1), and am only expecting more like 1.2:1 . The first would necessitate a 100:1 RD, which is possible but unlikely I think. The second would fit with a 1000:1 RD.

[easyrider]

Your comments on this are ridiculous. Seriously. I do agree the rate won't be close to 3.00

1 to 1 that will ease transactions bottom line!!!!!!!!!!!!!!!!!!!! plus it will not be confusing to the citizens because they already use the US dollar and have 2 different prices so a 1 to 1 would fit right in there wouldnt ya think?

Edited October 13, 2011 by easyrider

[Aqua Dude]

So you are entitled to make silly statements like ""Iraqis" can pay us all day FOREVER in oil and other commodities they have in excess, they will never have to give the US USD" but I am not allowed to respond in kind?

how do i put people on ignore?

[xyzzy]

It is only a problem insofar as you are stuck on the idea that Iraq has to pay out 100% in US cash.

It doesn't matter what they pay in, it will be converted to USD so its value has to be sufficient to do that, and they just don't have this value at all, let alone to export out of the country.

Here are the facts I think

1 Iraq will have to produce foreign currency for imports, if everyone has lots more money, they will buy lots more import goods. BMW wants Euros for its cars, not dinars.

2 someone has to pay for exchanges for foreigners

3 Iraq wants to sell its oil at the highest market rate it can get to fund both #1 and to build its infrastructure and economy.

4 Iraq only gets $50B now and likely only $200B of oil revenue in the future

So please tell me how all those can be satisfied at a $3 rate.

[Aqua Dude]

This does nothing to change the size of the money supply but just adds the problem of supporting a value many times larger by an economy that has not changed.

thats not true, its part of a process that will work...you say well if you have a large 25,000 note and change it out for smaller denoms you still have 25,000 worth of dinar on the market....yes this is true....but who in their right mind is going to carry all that money around.....they are going to put it in their bank accounts...its gonna get spent on making there lives better...houses....cars...education....the money works it way back to the go then they cancel it out.....its a process....no one is expecting this all to happen at once.....this is why the price of the dinar will slowly rise....it will not immediately RV at 3+...i sincerely don't believe it could.....its a process....this being a process was already mentioned in the meeting with the IMF rescently....

[Dinarabot]

I don't believe in the lop theory. The people would totally revolt. They are fed up already with their lower class of living since the devaluation.

I think some people have a hard time accepting how "value" can be created out of thin air. This happens all the time in IPO's of stocks.

When a company goes public and does an "initial public offering" of their stock, they set the value for the opening price. This creates an instantaneous

influx of value and funds to the company. Anyone that already owned stock (the founders and management of the company) become instant millionaires because of the value of their stock that just took a huge leap.

The same can happen with Iraq's currency. Iraq is like a company that will do an "IPO" of their currency to the global market.

True dat!!!!!!!

[xyzzy]

thats not true, its part of a process that will work...you say well if you have a large 25,000 note and change it out for smaller denoms you still have 25,000 worth of dinar on the market....yes this is true....but who in their right mind is going to carry all that money around.....they are going to put it in their bank accounts

Sure, but that still is in they money supply. Whether its cash or in banks is not important as I see it.

..its gonna get spent on making there lives better...houses....cars...education....the money works it way back to the go then they cancel it out

"cancel it out"? When you buy something the seller gets the money. If you mean that they could remove large bills from circulation this way, sure I agree with that. But that is not the issue, its the huge size of the value of the money supply that this would ostensibly produce, but could not be backed by their economy.

.....its a process....no one is expecting this all to happen at once.....this is why the price of the dinar will slowly rise....it will not immediately RV at 3+...i sincerely don't believe it could.....its a process....this being a process was already mentioned in the meeting with the IMF rescently....

I certainly agree that the value of the dinar could well rise over the years as their economy grows, provided that the economy is growing faster than the money supply (which so far has not been the case). But this leads to maybe a aggragate RV (in several steps) over the years of 2x of 3x, not 2,000x or 3,000x .

[cabinetman]

Although I believe the Dinar will increase over time, isn't it odd Iraq & Seleh would continually put out statements such as these? What is there motive for this? I don't quite know, but it has a fishy taste to it. Can anyone put there thoughts on this?

[Aqua Dude]

Sure, but that still is in they money supply. Whether its cash or in banks is not important as I see it.

"cancel it out"? When you buy something the seller gets the money. If you mean that they could remove large bills from circulation this way, sure I agree with that. But that is not the issue, its the huge size of the value of the money supply that this would ostensibly produce, but could not be backed by their economy.

I certainly agree that the value of the dinar could well rise over the years as their economy grows, provided that the economy is growing faster than the money supply (which so far has not been the case). But this leads to maybe a aggragate RV (in several steps) over the years of 2x of 3x, not 2,000x or 3,000x .

So you've been waiting all this time to double, triple your money?

You are here on this website trying to prove your point all because you are invested to hopefully make double your money.....

you SOUND like you have some intelligence, being so, you would know of other options where doubling your money is very easy and you don't have to wait YEARS

this investment wouldn't be concidered diversifying for you, if it was, you wouldn't be posting on a message board, thats for sure, coming from an investor.....im here because im ALL IN, not diversified, call me what you will, i know a good investment when i see one....and im not here looking for 200% and posting info trying to push my point in public view with the frame of mind im gonna make 200% in a couple years

you're funny

Edited October 13, 2011 by Aqua Dude

[easyrider]

So you've been waiting all this time to double, triple your money?

You are here on this website trying to prove your point all because you are invested to hopefully make double your money.....

you SOUND like you have some intelligence, being so, you would know of other options where doubling your money is very easy and you don't have to wait YEARS

this investment wouldn't be concidered diversifying for you, if it was, you wouldn't be posting on a message board, thats for sure, coming from an investor.....im here because im ALL IN, not diversified, call me what you will, i know a good investment when i see one....and im not here looking for 200% and posting info trying to push my point in public view from the possibility of 200%

you're funny

Exactly hell even Keepem says he stays because they have options this xyzzy character comes here debates and is so sure he will double his money why he continues to hang out is beyond me and makes no sense if i was sure i was only going to double or triple my money i would be elsewhere believe that. In all aspect this is not well worth the wait to just double or triple your earnings so i am in full agreement with you. BTW I even you out he gave u a negative for speaking the truth LOL

Edited October 13, 2011 by easyrider

[Aqua Dude]

EVERYONE

when you read a post that says LOP LOP LOP, or something very close to, and knowing that such a thing would render this investment a waste of time or very little profit, think about this

Q:When you go to a casino, how many people care if you loose money?

then why are people here caring so much about us thinking (for me knowing) that this is not going to LOP, think about that

Q:Where are the millionaires coming from that are going to fund the Jobs Bill that is going to be chopped up into small little pieces and pasted back together the goodies that help form a new jobs bill?

Oh yah, the executive branch in talking about the 1%, they are gonna raise taxes on the FEW to pay for the MANY!!! ROFLMAO

NO NO NO, they are gonna make a NEW FEW to please the MANY for a SEASON(short time/period of years)

Q:Why is the US Gov so adamant about Iraq Security, i mean, they are only gonna be worth no more than THREE times what we are in the FAR OFF future?

Q:Why is the US Gov creating a entire new branch of government to contract out as secuirty for Iraq?

Oh wait, theres more income for the US to pay for the REVALUE aye mate!!

Q:Why do specific people pop their head in a thread here on DV when specific people post specific things?

Hmmm, very conincidental, its like, "they" have people assigned to certain members based upon how intelligent that person seems to be, like they are evenly matching up the BELIEVERS against the LOPsters

Q:Why are big officials in the IMF saying that Iraq's lack of presense in the economy is what has caused this world wide economic problem? Why are they so aggresively on Iraq bum to get their stuff together?

oh oh. thats simple. because people at the IMF (international monetary fund) are worried about the hummanitarism in Iraq, they don't want to see people suffer, after all, that iiiiiiis there branch of work!!!!!! the IMF, yah!!

Could it be because they are worried about iraqs economic influence?? Yeeeeees.

Would cutting iraqs money a THOUSAND FOLD help the world? PSSSSSHTTT WTF Hezzer muttha18 wheel trucking no!

Q:Is oil all iraq has to offer to pay for its offshore money coming back into the country?

No, Gold and diamonds and other rare earth metals/gems, not to mention services that will be rendered unto them by supporting nations, both nuclear, military, financial, contracts, tons of STUFF, but lets just focus on oil because that all my narrow mind can see....so narrow minded i am

ask yourself these questions and you will see that some people that come here spewing LOP as a FEASIBLE option are here to crush your blessing

Edited October 13, 2011 by Aqua Dude

[Sanssouci]

It doesn't matter what they pay in, it will be converted to USD so its value has to be sufficient to do that, and they just don't have this value at all, let alone to export out of the country.

Here are the facts I think

1 Iraq will have to produce foreign currency for imports, if everyone has lots more money, they will buy lots more import goods. BMW wants Euros for its cars, not dinars.

2 someone has to pay for exchanges for foreigners

3 Iraq wants to sell its oil at the highest market rate it can get to fund both #1 and to build its infrastructure and economy.

4 Iraq only gets $50B now and likely only $200B of oil revenue in the future

So please tell me how all those can be satisfied at a $3 rate.

It is really little wonder that you and a handful of others are in the minority here. Your incessant litany flies in the face of the founder of this forum, who happens to be a believer.

[Darin]

It doesn't matter what they pay in, it will be converted to USD so its value has to be sufficient to do that, and they just don't have this value at all, let alone to export out of the country.

Here are the facts I think

1 Iraq will have to produce foreign currency for imports, if everyone has lots more money, they will buy lots more import goods. BMW wants Euros for its cars, not dinars.

2 someone has to pay for exchanges for foreigners

3 Iraq wants to sell its oil at the highest market rate it can get to fund both #1 and to build its infrastructure and economy.

4 Iraq only gets $50B now and likely only $200B of oil revenue in the future

So please tell me how all those can be satisfied at a $3 rate.

I agree, they would not likely see a $3 rate..... $1 to $1.50 would seem more reasonable, but that depends on how they plan to move forward with their economy. Do they maintain a welfare status or enter a free-market society? Do they make their currenty internationally traded as well as a reserve currency or do they maintain not being traded internationally.

I would argue that the CBI & GOI came to a "Y" in the road... They could go left, and enter a free-market society. Which could lead to having their currency become a reserve currency. It would be internationally traded, and accepted all over. As their local economy booms, they will create a trade surplus when you factor in crude exports. As the economy booms, GDP will rise, foreign demand for goods will rise, etc. An abundance of trade will occur, which will help strengthen the demand for IQD. Other countries in the M.E. will hold IQD to help exchange upon an as-need basis. The value would be based soley on the demand of the currency. Having it be a trade-able currency and a reserve currency would push demand high... It may be an acceptable form of payment in all of the M.E. Foreign businesses would flock the region, which would result to more demand in the IQD. Foreign businesses would need to employ workers, so unemployment would drop. The GOI could implement a tax policy which would help maintain and build lacking infastructures. Private sectors would be built and expand (more jobs)... More jobs would lead to more GOI revenue through taxing (Whether it be through purchasing of goods/services or just simple income taxes). Electricity, transportation, education, food industries, labor industries, would all boom creating more jobs. Poverty would decrease, a middle class would arise, and violence would decrease. A real western way of life would be created, showing the world that democracy can be a wonderful thing....

Now, they could simply come to the "Y" in the road and go right. This would be more status quo... Everything would move very slow.... The GOI could not implement a tax policy when poverty is high. They could not create jobs as many unemployed workers struggle to feed their own families. Foreign businesses may view that region where the risks outweigh the returns (rewards) as violence would remain. Instability would put fear into many foreign businesses. The only sure-thing to rely on would be investing in crude or natural gas. Which requires more than putting up several oil rigs all over the region. Pipelines are required, the ability to export the crude, monitoring how much is pumped, etc. Remember, even if they removed Ch. 7, agreed upon their HCL issues, and all other issues, they still need to pay 5% off the top of their crude export revenues to their neighbor(s) (Kuwait). As many citizens protest that they want more jobs, more opportunities, the GOI could begin to tremble... Kurdistan may say "the heck w/ this" secede and become their own nation. Oil revenues from that region, which do currently make up a large portion of their revenues would be a substantial hit. A civil war may erupt and the remaining people of the country may divide. Which may lead to another war... I know I've read that many people believe that particular region will end up becoming 3 separate regions. Kurds, Sunnis, and Shittes.

With that said, which direction would you go? We can argue all day long that the U.S. may not let them fail... But, how do we know that? Iran is licking their chops waiting to move in.. Kuwait is just looking to be reimbursed, all while any success of a democracy in that region creates a potential uprising against any existing monarchies (I.e., Tunisia, Egypt, etc... Governments being overthrown by the people)... You think Saudis, Kuwait, or Iran wish to see the same fate? Long-term, you know they're a little concerned that democracy may be too successful... Their reign of power may come to an end.. (I predict Iran to be next).

It is like that saying "You can't teach an old dog new tricks.." The U.S. and other supporting countries seem to wish to prove that wrong. They are trying to turn a country that was a run by a dictator into a democracy. Those who take the risks, upon any success reap the largest rewards. We took the risks, but, we didn't throw down as much cash as some of these companies... Will our rewards be huge, or modest? That is the question many of us would love an answer to.

Re-denomination articles have existed for years... Many claim as far back as 2007 (4 years ago), while some claim even before that. History shows us that most successful LOPs are done after inflation is under control. The CBI has maintained inflation to low levels for years now... Turkey did their lop (6 zeros) righ as they broke under the 10% inflation rate point. They've maintained under 10% ever since. The CBI has maintained low inflation since roughly 2006/2007. Which was roughly when the re-denominations articles started to appear. Coincidence? Maybe... Maybe the CBI wishes to R/D back then, but they were countered by pressure from those that opposed the idea.

Saleh & Shabibi speak about the removal of zeros all the time... How come we never hear any comments or thoughts from the GOI? Maybe they oppose the idea.. Maybe they do not see it as a fix. Maybe they know that a better rate would not only benefit themselves but the people. We've been hearing "soon" for months.... The dragging of the feet just may be what we actually need out of the GOI. The CBI may find that they need to find other strategies to remove their zeros w/o a R/D.

So I believe, if the CBI had their way, we would of had our LOP already. But they have to abide w/ the GOI and they see things differently. So, either this is just a big drama fest and the plan is set in place, or, they're battling it out on which direction to go and both are not conceding.

[bamjack75]

If Iraq has only 4 Tril in circulation (domestic) and maybe 2 Tril abroad and they have the rest put back in their banks concealed, but still reflected in their M1+ M2 #'s; why would it be so hard to imagine a RV at 1$?

[Aqua Dude]

I agree, they would not likely see a $3 rate..... $1 to $1.50 would seem more reasonable, but that depends on how they plan to move forward with their economy. Do they maintain a welfare status or enter a free-market society? Do they make their currenty internationally traded as well as a reserve currency or do they maintain not being traded internationally.

I would argue that the CBI & GOI came to a "Y" in the road... They could go left, and enter a free-market society. Which could lead to having their currency become a reserve currency. It would be internationally traded, and accepted all over. As their local economy booms, they will create a trade surplus when you factor in crude exports. As the economy booms, GDP will rise, foreign demand for goods will rise, etc. An abundance of trade will occur, which will help strengthen the demand for IQD. Other countries in the M.E. will hold IQD to help exchange upon an as-need basis. The value would be based soley on the demand of the currency. Having it be a trade-able currency and a reserve currency would push demand high... It may be an acceptable form of payment in all of the M.E. Foreign businesses would flock the region, which would result to more demand in the IQD. Foreign businesses would need to employ workers, so unemployment would drop. The GOI could implement a tax policy which would help maintain and build lacking infastructures. Private sectors would be built and expand (more jobs)... More jobs would lead to more GOI revenue through taxing (Whether it be through purchasing of goods/services or just simple income taxes). Electricity, transportation, education, food industries, labor industries, would all boom creating more jobs. Poverty would decrease, a middle class would arise, and violence would decrease. A real western way of life would be created, showing the world that democracy can be a wonderful thing....

Now, they could simply come to the "Y" in the road and go right. This would be more status quo... Everything would move very slow.... The GOI could not implement a tax policy when poverty is high. They could not create jobs as many unemployed workers struggle to feed their own families. Foreign businesses may view that region where the risks outweigh the returns (rewards) as violence would remain. Instability would put fear into many foreign businesses. The only sure-thing to rely on would be investing in crude or natural gas. Which requires more than putting up several oil rigs all over the region. Pipelines are required, the ability to export the crude, monitoring how much is pumped, etc. Remember, even if they removed Ch. 7, agreed upon their HCL issues, and all other issues, they still need to pay 5% off the top of their crude export revenues to their neighbor(s) (Kuwait). As many citizens protest that they want more jobs, more opportunities, the GOI could begin to tremble... Kurdistan may say "the heck w/ this" secede and become their own nation. Oil revenues from that region, which do currently make up a large portion of their revenues would be a substantial hit. A civil war may erupt and the remaining people of the country may divide. Which may lead to another war... I know I've read that many people believe that particular region will end up becoming 3 separate regions. Kurds, Sunnis, and Shittes.

With that said, which direction would you go? We can argue all day long that the U.S. may not let them fail... But, how do we know that? Iran is licking their chops waiting to move in.. Kuwait is just looking to be reimbursed, all while any success of a democracy in that region creates a potential uprising against any existing monarchies (I.e., Tunisia, Egypt, etc... Governments being overthrown by the people)... You think Saudis, Kuwait, or Iran wish to see the same fate? Long-term, you know they're a little concerned that democracy may be too successful... Their reign of power may come to an end.. (I predict Iran to be next).

It is like that saying "You can't teach an old dog new tricks.." The U.S. and other supporting countries seem to wish to prove that wrong. They are trying to turn a country that was a run by a dictator into a democracy. Those who take the risks, upon any success reap the largest rewards. We took the risks, but, we didn't throw down as much cash as some of these companies... Will our rewards be huge, or modest? That is the question many of us would love an answer to.

Re-denomination articles have existed for years... Many claim as far back as 2007 (4 years ago), while some claim even before that. History shows us that most successful LOPs are done after inflation is under control. The CBI has maintained inflation to low levels for years now... Turkey did their lop (6 zeros) righ as they broke under the 10% inflation rate point. They've maintained under 10% ever since. The CBI has maintained low inflation since roughly 2006/2007. Which was roughly when the re-denominations articles started to appear. Coincidence? Maybe... Maybe the CBI wishes to R/D back then, but they were countered by pressure from those that opposed the idea.

Saleh & Shabibi speak about the removal of zeros all the time... How come we never hear any comments or thoughts from the GOI? Maybe they oppose the idea.. Maybe they do not see it as a fix. Maybe they know that a better rate would not only benefit themselves but the people. We've been hearing "soon" for months.... The dragging of the feet just may be what we actually need out of the GOI. The CBI may find that they need to find other strategies to remove their zeros w/o a R/D.

So I believe, if the CBI had their way, we would of had our LOP already. But they have to abide w/ the GOI and they see things differently. So, either this is just a big drama fest and the plan is set in place, or, they're battling it out on which direction to go and both are not conceding.

just to put icing on that cake to show all that most likely that are going to go left....the US is/will be a contracted security force and iran will have sanctions put on them.......simple as that.....its already in the process.....like literally....in congress

Edited October 13, 2011 by Aqua Dude

[xyzzy]

So you've been waiting all this time to double, triple your money?

Why oh why is this the constant refrain? It has been stated many many many times that we ALL got into this thinking the ROI would be huge, but some of us did not do proper due diligence as the person getting us into this convinced us to drink the koolaid as there was no time. Now that we have taken the time to look into it more properly, the we will be very luck to get 3x.

You are here on this website trying to prove your point all because you are invested to hopefully make double your money.....

Nothing that is posted on this web site will have any effect on what will happen to the dinar. People post here to communicate their thoughts to a community interested in the same subject.

you SOUND like you have some intelligence, being so, you would know of other options where doubling your money is very easy and you don't have to wait YEARS

If you can double your investment in a short time, then in 10x that time you can multiple it by 1000x, so if you think you can double your investment with high certainty in a short time, just do it ten times in a row and you're good to go. I think you'll find its not so easy.

this investment wouldn't be concidered diversifying for you, if it was, you wouldn't be posting on a message board, thats for sure,

Sorry, but you are wrong again. This investment is a small part of my portfolio that I (now view as a mistake) as a speuclation, not diversification and wildly far from "all in".

coming from an investor.....im here because im ALL IN, not diversified, call me what you will, i know a good investment when i see one....and im not here looking for 200% and posting info trying to push my point in public view with the frame of mind im gonna make 200% in a couple years

you're funny

In all seriousness anyone that has their entire investment portfolio in dinar's is making a huge mistake in my view. But if that is the case I can see why you do not want to accept anything that indicates this is not going to work out very well for you.

[bamjack75]

Once the bills with the zero's are removed from circulation, there goes 99% of the gross currencey #'s. Why would Iraq need to RD? Even America has 1 trillion in cash and coin.

[HopefulTxn]

It is really little wonder that you and a handful of others are in the minority here. Your incessant litany flies in the face of the founder of this forum, who happens to be a believer.

Adam has stated before that he believes in the RV, but he has also stated that he understands it could also RD (lop).

Once the bills with the zero's are removed from circulation, there goes 99% of the gross currencey #'s. Why would Iraq need to RD? Even America has 1 trillion in cash and coin.

Physical currency is only part of the equation in how they will handle the issue. We focus on the physical currency aspect of it because that is what the majority of people here have. But we have to remember that the physical currency is not all Iraq has to worry about.

[Darin]

If Iraq has only 4 Tril in circulation (domestic) and maybe 2 Tril abroad and they have the rest put back in their banks concealed, but still reflected in their M1+ M2 #'s; why would it be so hard to imagine a RV at 1$?

B.I.W. did extensive research on this. Links & everything to back up his arguments. Even did a chat w/ tenmillion & it was posted on here. I briefly tried to find it last night, but, lost interest.

Going off of my own memory.

6.38 Trillion was what was printed initially....

2 Trillion was set aside into reserves.

The exchange process was 1:1 for old regime for new IQD

The exchange process for Swiss dinar was I think 50 or 150:1. (Someone can clarify if they do wish).

Now, if I recall correctly, it took quite a few jumbo jets to fly all that in... (Like 17-21 or something like that)

Now - I've read articles that have stated a life expectancy of one of their notes is as little as 90 days... and also about 1.5 years.

So, if 4 trillion exists within their country (suposedly) they are likely replacing 1.5 to 2.0 Trillion each year as bills become soiled. (Ripped, burned, crumpled, bloodied, etc)

Articles have "claimed' 31 Trillion in existance.

31 - 6.5 = 24.5

Figure 1.5 x 7 = 10.5

So, in the past 7 years, according to articles, they have had to print & ship probably 35 Trillion IQD (For money supply expansion and replacment)

Now, if the initial 6.38 Trillion shipment was a big deal & took a lot of man power to ship... Imagine having to do that every year.. Because @ 5 Trillion per year, that is a lot of printing, shipping, and dispersing.

And replacing roughly 1.5 Trillion per year is a very very conservative guess if they were indeed reaching figures as high as 31 trillion.

But, what about what exists outside of their country... I also don't think it is as much as we think it is..

We alone have also re-circulated un-circulated bills. (likely through a pump & dump process).

Estimating up, DV has 40,000 members. (Many accounts are likely previously banned accounts, duplicates, search bots, and those inquiring about the IQD).

Many IQD sites exist, but DV has a high # of members because it is easily found.

Lets assume roughly 50,000 IQD holders are forum members

Lets also assume roughly For every 4 IQD speculators, one person is a forum member.

We can than find that roughly 200,000 people may have IQD.

At 2.5 Million on average per holder, we're looking at 500 Billion (face value)

I would say more is held in the M.E. through neighboring countries, and will roughly estimate 1 Trillion (High estimate)

Another 500 Billion maybe through banks all around the world (High estimate)

So, in theory, if 31 trillion were to indeed exist.... It has to be held by more than the average M.E. citizen or foreign speculator (i.e., Foreign banks, exchange stations, foreign governments, etc.)

For anyone that holds double digit millions, there are also likely many people who simply sit on a modest 100k, 250k, maybe 500k.

This helps balance out a realistic 2.5 Million per person

I would say a high % of people only sit on 1 million. Maybe 2...

A great poll to conduct would simply be this:

How many people do you know that are forum members that are invested versus non-members

I.e., for example: I know 3 others invested, and I am a forum member. (1 out of 4)

just to put icing on that cake to show all that most likely that are going to go left....the US is/will be a contracted secuirty force and iran will have sanctions put on them.......simple ass that.....its already in the process.....like litterally....in congress

Iran already has sanctions on them.... I'm sure their recent terroristic plot is not going to help 1 bit... Probably harsher sanctions if anything.. they're really digging themselves a whole.

[xyzzy]

Once the bills with the zero's are removed from circulation, there goes 99% of the gross currencey #'s. Why would Iraq need to RD? Even America has 1 trillion in cash and coin.

Iraq's economy is 150 times smaller than the US's economy.

[bamjack75]

Adam has stated before that he believes in the RV, but he has also stated that he understands it could also RD (lop).

Physical currency is only part of the equation in how they will handle the issue. We focus on the physical currency aspect of it because that is what the majority of people here have. But we have to remember that the physical currency is not all Iraq has to worry about.

But HopefulTxn, as much as understand this could lop, with all of this information regarding domestic circulation and maybe the electronic figures being vague, that you could see it, RV?

[Aqua Dude]

Why oh why is this the constant refrain? It has been stated many many many times that we ALL got into this thinking the ROI would be huge, but some of us did not do proper due diligence as the person getting us into this convinced us to drink the koolaid as there was no time. Now that we have taken the time to look into it more properly, the we will be very luck to get 3x.

Nothing that is posted on this web site will have any effect on what will happen to the dinar. People post here to communicate their thoughts to a community interested in the same subject.

If you can double your investment in a short time, then in 10x that time you can multiple it by 1000x, so if you think you can double your investment with high certainty in a short time, just do it ten times in a row and you're good to go. I think you'll find its not so easy.

Sorry, but you are wrong again. This investment is a small part of my portfolio that I (now view as a mistake) as a speuclation, not diversification and wildly far from "all in".

In all seriousness anyone that has their entire investment portfolio in dinar's is making a huge mistake in my view. But if that is the case I can see why you do not want to accept anything that indicates this is not going to work out very well for you.

you seriously are very very funny, i like how you use your intelligence to counteract my counter and it all just makes me laugh, when it comes to it we both will keep out current stand....just don't try to push your agenda too hard, it's really visible no matter what you say, im not the only one that sees it

[oneremedy]

Thank you dude and easy and everyone else who thinks that a LOP makes no sense.

[HopefulTxn]

But HopefulTxn, as much as understand this could lop, with all of this information regarding domestic circulation and maybe the electronic figures being vague, that you could see it, RV?

Depends on what you mean by RV? By that I simply mean high or low value.

Basically, I am just hoping that the figures that are available from the CBI and the IMF websites are not accurate.