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I thought you said you sold all your Dinar?
Aero, what is your nationality?
Not more than a dollar, 3 zeros off the exchange rate would be
1 IQD = .85 USD
correction for post #24821
10 USD to 1 IQD would be supercalfragilisticexpialladocious, and definately a mis-communication.
You can't drop 3 zeros in any manner and get 10 cents, even taking the current 1170 would be 1.17, same as removing from the exchange rate.
OK fine, I see you're a LOPSTER too! or you are AERO? I'll make note of that stringboy.
but yes, when you see it on the CBI website, that is what it is.
It will show on the exchange rate detail.
Aero, are you an expert???
your not an engineer LOL.
re: conference
Wayne, could you PM me about red flags?
I can't reply PM because of my member status.
Anything you have heard is speculation. 3 zeros removed from the face value of the currency (a LOP) would make a current 25k dinar note equal to and replaced by a new 25 dinar note, thus removing 3 zeros.
3 zeros removed from the exchange rate currently .00085, would make the rate .85, then 1 USD would equal 1.17 IQD, which is way more than a dime.
10 to 1 USD would be supercalfragilisticexpialladocious, and definately a mis-communication.
We really won't know which way it is going to go until it happens.
Anyone who demands one way or the other either feels very strongly, and/or has an agenda of their own.
The point is that, it's still only 20 trillion dinar, propably to be reduced in quantity with increased value. So throwing out the 60 trillion is just another one of your ridiculous maneuvers to support your LOP theory position.
You can tweak things around however you want, but they would still only have 20 trillion dinar "in circulation". Did you not see that is what I said?
Your goal and agenda is just to scare people out of holding cash IQD, is this your sole purpose in life?
That's amazing math Aero???
If they have 20 trillion dinar in circulation now at .00085, and if they revalue to .0085 they still have 20 trillion dinar in circulation, or if they revalue to .085 they still have 20 trillion dinar in circulation.
The more they revalue, the more likely they will remove more currency from circulation. IMO
On the other hand continue the central bank in fixing the exchange rate of the dinar against the dollar.
On the feasibility of this policy conflict with the policy of economic reform, followed by Iraq since 2003, under which the installation is a departure from the principles of capitalism Judge freely liberalization of exchange rates.
Wait..."This Investment"
Investment is the commitment of money or capital to purchase financial instruments or other assets in order to gain profitable returns in form of interest, income, or appreciation of the value of the instrument.
I thought you said it was a "Scam" ?
Yes, and d = dinar
LOL !!! Doesn't even have a pocket protector, or know what it's for??????
CBI dollar sales down by 48%
April 28, 2010 - 11:55:28
BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq’s (CBI) dollar sales went down by 48 percent to reach $85.780 million in its daily auction on Wednesday, compared to $176.200 in the previous session.
“The demand hits $3.150 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $82.630 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.
None of the 11 banks that participated in today’s session offered to sell dollars.
The Central Bank of Iraq runs a daily auction from Sunday to Thursday.
http://en.aswataliraq.info/?p=130910
Not blocking, more likely to control potential illegal activity.
So you can still transport your own currency and declare what you have to customs. No big deal.
Currency Conversion and Transfer Policies
The currency of Iraq is the Dinar (IQD - sometimes referred to as the New Iraqi Dinar). The Iraqi authorities confirm that in practice there are no restrictions on current and capital transactions involving currency exchange as long as underlying transactions are supported by valid documentation. The International Monetary Fund’s annual publication on Exchange Arrangements and Restrictions states that: “Restrictions on capital transactions are not enforced; however, documentation and reporting requirements apply.” The National Investment Law contains provisions that, once implemented, would allow investors to bank and transfer capital inside or outside of Iraq.
The Government of Iraq’s monetary policy since 2003 has focused on maintaining price stability primarily by appreciating the IQD against the US dollar while seeking to maintain exchange rate predictability. Banks may engage in spot transactions in any currency, but are not allowed to engage in forward transactions in Iraqi Dinar for speculative purposes. There are no taxes or subsidies on purchases or sales of foreign exchange. Improved security has allowed for an increased supply of goods and services, which, along with the Central Bank’s monetary and exchange rate policies have continued to help temper inflation. The inflation rate has dropped from a high of 76.6 percent in August 2006 to -4.4 percent in December 2009 (negative due to decreased year-on-year oil, transportation, communication, clothing, and food prices).
http://www.state.gov/e/eeb/rls/othr/ics/2010/138084.htm
Sparkplug, your right!
yah I got spun around on the LOP x 3 thing, and I got mixed up. ***I'm sorry***
but, you did put me in the RV, RV, RV group. I've continually considered the possibility of LOP or increase in value, and have never promoted astronomical increases.
***TRYOTY*** I don't hold a RV only mentallity here. Here you go again like before telling me what I think and see???? You are amazing Tryoty.
You are a single-minded LOPSTER here and accuse me of being like you, single-agenda-minded. Then you accuse me of other things I have never done, get a life. You need to get your attacks straightened out, got a bunch of errors here. That's so funny that you call me a pumper just because I get into it with you negative LOPSTER A$$HOL@5. People like you here make me want to get more IQD, just because your rediculous, relentless, opposition is a sign that something good may happen here. So, if you think you're helping people, your methods are backfiring on you, if you have a different agenda it's not working.
I've never said it's RV, RV, RV....And I don't push my opinions, but I do get into the face of those that are pushy and narrow minded with an agenda. What have I done, you went off on me irrationally like this once before???Are you getting replies mixed up with other people? Do you have more than 1 screen name here???
I have acknowledged all possibilities, and specific possibilties if there was a LOP. Your LOP x 3 is probably the most far fetched concept, because if there is a LOP, you probably won't be able to exchange IMO.
No, your more like the Independent party :o)
Tryoty, you are one of those negative people. You have proven nothing, but you do push your opinion. LOPSTER. If you only consider one possibilty, then your posting visit here should be brief, cause all you have to say is LOP, LOP, LOP.
the statistical data in this article is outdated and doesn't apply. There is not high inflation in Iraq, and the US has suffered most of the expense of the war.
Why would you assume everyones position is like yours, and we would need to run down to the bank to cash in???
It's amazing how negativity brings so much joy to the one that still lives at home with mother.
That is soooo deep.....man
No, you won't miss it because you check everyday.
have a great day!
If you use the fast converter at the top, you will see interestng results. If you use the lower converter with more currencies, it takes you to a different website, so there is your little blurb Aero, but you always look for only the negative in everything huh?
I'm sorry, use the fast converter at the top.
Check out this currency converter 1 iqd = 3.1 usd
1 usd = .32 iqd
maybe a fluke?
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.arabsys.net%2Fj%2Fconvert.htm
or for qualifying for a loan from anyone here!!! LMAO
Sorry, no credibility :o(
So what? if someone risks $1000 to buy 1mil dinar thinking they have a chance of making 1 mil USD, and that doesn't pan out but they get a 10 fold return on their investment risk, what is your problem with that??? Nobody is guaranteeing 1:1 rv whether it is a sales exaggeration or a hope, it doesn't really matter. Nobody knows what this thing will do any more than what the stock market will do. You are just as guilty preaching a "realistic" 10 fold return as a pumper saying 3.22:1
but you said yourself that there could be a 10 fold return???
Posted by: Rocketred Date: Sunday, April 25, 2010 1:01:12 PM
In reply to: WayneC777 who wrote msg# 24570 Post # of 24622
i have been in the iraq dinar since the new dinars came out and plan too keep them as i see a 10 fold award on 1 mil iraq dinars.
so if you paid 800 usa dollars end result might be 8000 usa dollars for 1 mil iraq dollars
that is very realistic others think there millionare's already lol
Thank you Aero & John Jagerson, for helping me turn my life around.
How is the currency of a nation a scam??? Aero???
Thanks Tim, I know. I also acknowledge that a LOP is possible, and so is an increase in value. Nobody can know until it happens.
This imposter has just asked for it, so I exposed the "IMPOSTER".
How is the currency of a nation a scam???
You really need to answer this specific question.
I have agreed several times in the past that "IF" there is a LOP (not when), it could very well be an "in country only exchange". You can twist things around however you want, but you just think I play childish games because I have exposed you for what you are, an "IMPOSTER"
I am not pumping the RV scenario here either, but your relentless LOPism sucks, and I really believe you are an imposter with an agenda and a motive. Definately not an aerospace engineer, that's for sure.
I think that was an article and theorizing about removing large notes by the end of the year. Nothing has been officially announced about this, and until there is a official publication from CBI, it is all hearsay.