Heavy...if a 1 dinar note hits the market, it will be with a lop. I will bet you or anyone else that wants to bet any amount of money you are willing to put up that a lop is involved. That's how absolutely sure I am that a lop is coming if a 1 dinar note makes a showing.
You are for a slow grow. I will never argue against that. But a huge sudden revalue back to the old rate will without a shred of doubt be accompanied by a 3 zero lop... guaranteed.
They have 1000 times more currency than they did when they had that rate, so they will reduce the currency by 1000 times to get back to that rate. It is the blatantly obvious reason why their rate is about 1000 times higher right now.
It truly is as simple simple as1+1=2.

Micro Bob, remember Roger May, Advanced Communications Technologies
Do we need to discuss that?
You of all people should be a bit careful about who you disparage.
I guess it explains why you are so chummy with this known liar and pumper.

Exactly... If Ali is truly trying to push that line... then he's fallen off the scumbag scale.
There is absolutely no way on gods green earth that they would re-issue old currency. It's laughable that they would even try to push that over on people. It's a blatant insult to the intelligence of the people it is aimed at.

Rather amazing that it took all of about 30 seconds and a simple search to prove beyond a shadow of doubt that it's a old dinar... but yet Ali... a dinar dealer... couldn't figure it out. We were assured that this was a new 1 dinar note with all the security features of the new notes. We were told it was dated Feb 2008 date... LOLOLOL... all I can say is STUNNING!

Strong...you were pretty sure. You did a little more than just post a picture.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28565689

http://investorshub.advfn.com/boards/read_msg.asp?message_id=28553866

Interesting that after being proven wrong Ema immediately come up with a new story from Ali. They are old but they will be used. LOLOLOL... What happened to the new stuff dude???
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28564073
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28565725
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28543437
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28553589

http://investorshub.advfn.com/boards/read_msg.asp?message_id=28591225
Anyone stupid enough to believe that shouldn't be allowed to handle money.

It's OBVIOUS the information was bogus. Was it intentional?... kinda looks that way.

The lack of character in owning up to mistakes is a bit disappointing also.
If this thing revalues I will be on here apologizing and eating massive helpings of crow. I'm amazed that people put stuff out like this and then somehow think they shouldn't be held in account just a bit.

Ali has posted here before... he should come here and post again and explain himself. If he doesn't... I will consider him a sleazy con man like most of the other dealers.
Strong... I have to say I'm a bit shocked at your reaction. You put this out there pretty big and then tried to distance yourself from it once it fell apart. Saying all you did was post a picture is a pretty big cop out.
Ema... well... ema's been pumping crap for years on dinar boards, so nothing surprises me there. If fact... SecretKeys involvement in this gave me pause right from the beginning.

Ihub... warned at 10:13am
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28570030

LOLOLOLOL...Moron

Ema-266 aka SecretKey aka Ranger aka many others, the infamous Shotgunsusie comrade... posted this for me this morning.


You will eat your words you jerk..I am not a pumper..I am one of the founders of this board you @sshole and one of the assistant mods.

You are the dumb@ss who sold all of your Dinar.

I think it is funny as heck that you will be looking right at a picture of a new 1 dinar note today...

You are such a jerk and @sshole...

Too funny...I love to see jerks like you burned.

I have some CEOs I would love to see burned but seeing a jerk like you crash and burn is fantastic!

If they lop, the old currency doesn't really change. They will introduce a new currency, the 1, 5, 10, and 20 maybe. The two currencies will exist side by side for a period of time. The old currency will have the old $.0008 exchange rate. Only the new currency would have a new rate of 1:1 (or whatever rate they set). People in Iraq could take their old currency to an exchange site, or retailers/shop may do the exchange for them, take a 25000 in payment and give change back in smaller denoms. Will depend a lot on how the government sets it up, how much time they allow for the exchange will be key.

Even if the 1 dinar note does make an appearance. It will prove nothing more than there are lower denoms out there. They could be used for a revalue or a lop just as easy. So it will prove nothing really.

IMO... the existence of a 1 dinar note is a sure sign of a lop because there is no way possible that they can revalue all the way to 1:1 or anything close to it. So the existence of a 1 dinar note will just be more proof that the large denom dinars will be lopped.

I'm off to work... good luck with this.

LOL... No matter how many times this article gets trotted out, it doesn't change the fact that it is poorly written and even more poorly reasoned. It was written by a dinar dealer.

First Afghanistan... to claim they only lopped because they had 4 currencies floating around makes ZERO ZERO, less than ZERO sense. If multiple currencies was the only concern, they would have issued a new currency at a 1:1 exchange and be done with it. Simple as that.
That's not what they did.
The official rate for the Afghani has been 50:1 or 2 cents since 1981. It was because of inflation, increasing money supply that the Afghani fell to 2400 to 1 by 1994 on the black market. The official rate remained 50:1 through that whole time. They wanted to return to the 50:1 official rate, so they did a 3 zero lop to do it.
It's crazy to use Afghanistan as reason a lop will not happen. It is a perfect example of how and why Iraq will do the same thing if they want to get back to their old official rate. Iraq has gone through the same exact thing. Iraq's "official" rate was .3 :1, but the street rate had fallen to 3000. It's the EXACT SAME scenario practically.

The Russia argument is just as flawed. Yes Russia had high inflation, so did Iraq. Russia got their inflation under control before they lopped. Iraq has now gotten their inflation under control. Very similar.
The overlapping currency issue no longer exist. Iraq removed the 25 dinar coin, so there are no overlapping currencies if they lop 3 zeros.

When known liars post obvios lies, yes!

That is 100% bull. No one will hold dinars as a reserve currency.

There are already discrepancies in the story. I asked how much he paid for these lower denoms. Was told he only got one, then later someone posted that he also sent one to someone else. If you only get one, how do you send one to someone else? He also apparently got coins. Why would he not know how much they charged for these? It's a pretty big difference between $1 per dinar or $.0008 per dinar.

It takes seconds... literally

Strong... in this day and age of digital cameras and such, a picture could be taken and posted in a matter of seconds. I'm sure Ali the multi millionaire has a digital camera. It makes no sense at all why this would take more than 5 minutes to get out there if they want it out there.

Well... I hate to tell you, but break even is not the worst that can happen.
A lop could happen. If it does happen, you might be stuck with currency that is a bit hard to get rid of.
I doubt american banks will take back a currency that is being lopped. You will most likely be at the mercy of the same dealers that sold the dinar and I guarantee they wont pay anywhere close to market value for it. They will probably offer about $500 per million and will only be able to buy so much. They have had over 4 years to sell it. They probably don't have the financial capability to buy it all back in a short period of time. That's the risk you take by holding dinar.
That might be the best way to make money off the dinar. Get a huge line a credit and set up a pipeline back to Iraq for the exchange. There will be massive amounts of dinar trying to get back into Iraq in a short time frame.
Of course, that is if it lops.

LOL... I think Heavy said that. Should have been a clue.
But no, I have no dinar at this point.

I really have no clue. I think it's an old article though. It's on one of those web sites that the date always shows todays date.
At the bottom of the page, it shows.... Copyright MoPDC Iraq 2006.
Beyond it being old, I still don't know why they would use that number as the official rate.
There have been plenty of articles talking about going back to the old rate. Maybe this is the rate they had chosen... back in 06.
I'm sure I don't need to remind you how I think they will get back to that rate.

Ok... Ali can end the speculation right now.

One very simple question. I can't believe no one has asked this.

Ali... how much did you pay for these 1,5,10 and 20 dinar bills or coins?

If he paid $1 or close to that for each dinar of these smaller bills/coins, then it is painfully obvious that the lop is on.

If he bought these bills/coins at the current rate of .0008 then it is painfully obvious that I made a huge mistake and I would like to place an order for about 20 million singles as soon as possible. ;)

So, the yearly name change takes effect.

One thing to remember. There are basically two types of currency out there. There's the Dollar, Euro, Yen, Pound and other major currencies that are true supply and demand currencies that get their value through trading on the Forex. Then there are currencies like the dinar, which are pegged to another currency. They are not traded on an open market. Their value is set by their Central Bank and must be backed up with reserves. Iraq has said from the very first Letter of Intent to the IMF that they plan on fully, 100%, backing the dinar with reserves. The CBI spreadsheet shows this as fact. CBI assets are more than liabilities (m2), yes... M2 is a liability. The CBI seems to keeping the liabilities about $3 billion less than the Assets. So they could maintain the promise to the IMF and raise the liability (m2) value by $3 billion. That's not a big increase, it would only be about a 10-15% increase in the value of the dinar. I suspect they like having the cushion keeping them over 100% and will not do a sudden 10-15% increase.
I will guarantee that as long as they are under a Stand By Arrangement (that's why they file a letter of intent to the IMF) with the IMF, which I think runs through the middle of 2009 they will maintain at least 100% backing. So no big revalue. Heavy's slow grow is a go.
But remember this. The Dems are having a cow that Iraq is accumulating all these reserves while we are footing the bill. The U.S. cash cow is running dry

Sorry... but you haven't shown or illustrated anything. You are just making bogus claims backed with no links. Please show me a link that shows a reduction in circulation. There are many articles referring to the auction buy backs, but all that money and more is being put right back into circulation as proven by the CBI financial statements.
I have shown you the official statistics straight from the horses mouth, the Central Bank of Iraq.
You can lead a horse to water but you can't make him drink.

Grab an apple and enjoy.

You can't be any more incorrect!
Please show me where you are gtting this bogus information you are pushing.
My argument has never been refuted and in fact is 100% supported by the Central Bank of Iraq.
http://www.cbiraq.org/key%20financial.xls
Look at line 64, it is currency in circulation outside of banks. It has never been close to 17 trillion and certainly never has been reduced by anything close to 2 trillion. As I stated before, it has grown steadily ever since introduction.
Now look at line 70, that is total M2. Dec 2006 was listed at 21 trillion, In Jan 07 it was adjusted to 18 Trillion. That is the reduction you are referring to. But that was due to errors in bank reporting. Nothing to due with circulation amounts. And as you can see by looking at the spreadsheet, M2 has now grown to 27 trillion.

No, you are wrong. The reduction was never in the amount in circulation. That has gone up every month since they introduced the new dinar. The reduction was in the amount in banks. The CBI had the explanation on their site for months afterwards saying it was due to an error in the way the banks were reporting. I explained that to you last time you brought up the erroneous information and I'm sure I'll probably explain it to you again someday. :)

Dilution of 20, 40 or even 100% may not weaken a currency as long as the increase is accompanied by an increase in the size of the economy. Supply and demand, they have to remain equal.
Iraq had about 27 billion M2 back in the early eighties when they had the $3 dollar exchange rate.
The dilution to todays 27 trillion is 100,000%, and the economy is no bigger, maybe smaller than in the early eighties.
Ask your financial adviser if a currency can dilute 100,000% with no growth in the economy and stay at the same value. If he says yes I would seriously consider getting a new financial advisor.
It's econ 101. Supply and demand. The United States has a 14 Trillion dollar a year economy. That's why we can have an m2 of 7 trillion and have it be worth something. Iraq on the other hand has an M2 of 27 trillion, almost 4 times the amount of U.S. M2, and they have a GDP of about of 100 billion. That's a 140 times smaller economy with 4 times more currency. Multiply those two and you get a 560 times difference. That also doesn't take into account that almost all of Iraq's economy is Oil which is transacted in dollars, meaning there is very very little demand for dinars.

Let's say 1/4 of their economy is non oil. That's a generous estimate. So they have a 25 billion DINAR economy at most. That is over 500 times smaller than the the US economy.
500 times less demand, with 4 times the supply. How can that even remotely translate to 1:1?

Why do you keep saying that.
http://www.cbiraq.org/cbs7a.htm
I have shown you the CBI finacial document. The document shows the reduction to 17 trillion over a year ago and the document clearly shows an increase every single month since then to a total 27 trillion now. If you believe the reduction to 17 trillion based on the word of the CBI then you have to believe the increase since to 27 trillion based on the word of the same CBI.
There are close to 15 trillion dinars circulating outside of banks. There is about 12.5 trillion in banks.
The 27 trillion does not include "dinars bought back into the general stockpile" as you say.

The cbi states this.
Currency outside banks, i.e., the currency component of the money supply as
shown in the Analytical Balance sheet (Item 8) which is derived from the following sources
(currency put into circulation reported by Issuing Dept. less vault cash(item 8.1 of Analytical
Balance Sheet) reported by Research & Statistics Dept.). From December 2003, currency in
circulation is the new currency issued by the CBI less redemption of old and damaged new
currency notes. Prior to October 2003, currency in circulation is all Iraqi Dinar (other than the 25
swiss Dinar notes) issued by the CBI (both Swiss and Saddam Dinar at face value) less
redemption of old and damaged notes and issued currency in vaults of CBI.

That clearly states that redeemed dinar is not included in the figure.

Don't forget there are 27 TRILLION tickets.

What a surprise. Remember this blast from the past.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=18555067

http://www.iraqupdates.com/index.php

Panhead posted this earlier today.

Charles P. Ries, Crocker's deputy for economic policy in Baghdad, said in an e-mail that both the Iraqi constitution and Iraq's arrangement with the International Monetary Fund prohibit spending the nation's reserves. The amount in Iraq's accounts, he said, is not "abnormally high to back up the dinar, given the size of the economy and their dependence on a single commodity for most of export revenues."

That's saying Iraq cannot spend their reserves, that they have just enough to back the currency where it is right now. It would certainly go against a huge revalue of the currency in the near future as most on IIF are saying.

You're not seriously expecting them to tell people to dump the currency are you?

Not sure.
The Minister of Finance talked about making it 1:1 with a 3 zero lop. So 1000 dinars would be worth $1000, meaning 1 million current dinars would be worth $1000
The Gov of the CBI is talking about the 70's rate, which is 2 to 3 dollars per dinar. That would mean 2 to 3 thousand dollars per million. Not a bad return if that's the case.
You would still have to exchange them somehow, which might not be easy and most certainly wont be free.
That's all assuming that my take on the article is right. There are a whole lot of internet dinar experts that think I'm an Idiot.

Strong. For your traders board.
Finding trading opportunities.
Go to www.nasdaq.com click on the "extended trading", click on the "Pre-Market Heat Map".
This is the Nasdaq 100 symbols, it shows you pre-market which stocks are gapping up and down the most.
This information coupled with the ability to read charts, supply & demand (same as support and resistance) can lead to some great trading opportunities.

It was also posted over at IFF
http://search.yahoo.com/search?p=%22This+proposal+submitted+after+I+office+in+the+ministry+of+the+Week+and+presented+this+proposal+to+officials+in+monetary+policy+at+the+Central+Bank+and+then+the+Central+Bank+%22&fr=yfp-t-501&toggle=1&cop=mss&ei=UTF-8

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23137905

The Central Bank of Iraq is now in agreement with the Minister of Finance about the 3 zero lop. IMO.

Remember back in Nov when the MOF said they would be looking at his plan again in about 3 months. He said at that time there was now support for the plan in the CBI. Well... it's about 3 months later and now the Gov of the CBI is talking about going back to the 70's rate. Looks like the lop is on... unless you think the Gov of the CBI just came out and publicly announced a revalue of their currency that would increase it's value by 100,000 to 300,000 percent. LOLOLOL

Well... I can't argue with that.

Rumor is 1000:1 by the end of 2009. So that's 2.25 pips per week.

I prefer $100,000 for a 1% move for 1000 a day?
With a 4:1 margin account you only need 25k to do it.
It's real day trading.
Trade real stocks with massive liquidity with NASDAQ TotalView and Direct Access. Orders filled at the click of a button.

No matter how many times this article gets trotted out, it doesn't change the fact that it is poorly written and even more poorly reasoned. It was written by a dinar dealer.

First Afghanistan... to claim they only lopped because they had 4 currencies floating around makes ZERO ZERO, less than ZERO sense. If multiple currencies was the only concern, they would have issued a new currency at a 1:1 exchange and be done with it. Simple as that.
That's not what they did.
The official rate for the Afghani has been 50:1 or 2 cents since 1981. It was because of inflation, increasing money supply that the Afghani fell to 2400 to 1 by 1994 on the black market. The official rate remained 50:1 through that whole time. They wanted to return to the 50:1 official rate, so they did a 3 zero lop to do it.
It's crazy to use Afghanistan as reason a lop will not happen. It is a perfect example of how and why Iraq will do the same thing if they want to get back to their old official rate. Iraq has gone through the same exact thing. Iraq's "official" rate was .3 :1, but the street rate had fallen to 3000. It's the EXACT SAME scenario practically.

The Russia argument is just as flawed. Yes Russia had high inflation, so did Iraq. Russia got their inflation under control before they lopped. Iraq has now gotten their inflation under control. Very similar.
The overlapping currency issue no longer exist. Iraq removed the 25 dinar coin, so there are no overlapping currencies if they lop 3 zeros.

LOL... you got an apple fetish Heavy.
Cut me some slack. If the dinar was to revalue I would be beaten unmercifully about the head. For two years I've been saying it wont revalue all the while a number of internet dinar experts have claimed a revalue next week, or next month for sure.. "It just has to happen!". Well, for two years I have been right. I could be making comments about being being right every day, but I don't. I just post a little info every once in a while. So let me get my dig occasionally.
The girfriend will be over later. It's still early here. I'm on the west coast.

So, has the March RV been abandoned?