Replies to post #1748 on Iraqi Dinar Discussion Board (IQD)

[RICK C]

I can't see that happening. It would cost far too much for NEW PLATES.they have already made far too many changes to even think about this type of move.And the Goverment would have to make some form of OFFICAL NOTICE to the Public far in advance.
Nope I think your friends GUESSING AT BEST. JMO. Rick C

[nlightn]

well, if theres a 50/50 chance of a currency change,...ask your self this,...

the first 50% possibility

would you rather take your friends opinion?,...

the second 50% possibility

or would you rather spend $900US for 1Million Dinar that has better than a 50/50 chance to go back to its pre-war value and you become a multi-millionaire ?

your move,...

[bigdog60]

Not gonna happen. United states has to much invested in the new Iraqi dinar. As do other countries. So, if you can pick up some dinar do it has the prices are heading up.

Check out the Vietnam dong also. Very cheap right now. 115 per million.

[strongtower]

I know you are just posting what you have heard today and we honor that because we want all of the truth. But let me post why that shouldn't happen, I am not pumping but will present this little fact. Changing their currency contradicts what they are doing, which is this.

WHY WOULD THEY CHANGE THEIR CURRENCY WHEN THEY HAVE SPENT 2.1 BILLION AMERICAN DOLLARS BUYING BACK 3 TRILLION DINARS.

That would make no sense since they are still getting on their feet. The number one sign of a reval is taking currency out of circulation like Iraq has done since Nov. 1st. If they were going to cheat us, then they would be flooding the market with Dinar and it is a known fact that the Dinar is drying up everywhere.

[strongtower]

Posted by: memesphere
In reply to: verylongonmfys who wrote msg# 998 Date:1/5/2007 3:59:49 PM
Post #of 1756

THEY CANNOT CHANGE THEIR CURRENCY DUE TO OBLIGATIONS WITH THE IMF.
-IF THEY CHANGE THEIR CURRENCY, IT WOULD NEGATE ALL OF THE AGREEMENTS THE INTERNATIONAL COMMUNITY HAS MADE WITH IRAQ, AS WELL AS THE DEBT FORGIVNESS-TOO MUCH TIME, MONEY, AND EFFORT HAS GONE INTO WHERE WE ARE TODAY IN IRAQ, FAILURE IS NOT AN OPTION. IF IRAQ FAILS, THE WORLDS ECONOMY IS AT STAKE. THE INTERNATIONAL COMMUNITY KNOWS THIS AND THEY ARE NOT GOING TO LET IT HAPPEN. ITS TIME FOR THE MIDDLE EAST TO PUT THIS TRIBAL MENTALITY AND RELIGIOUS-SECRATARIAN VIOLENCE TO REST AND LOOK TO THE FUTURE-THEY WANT ALL OF THE BENEFITS OF THE NEW WORLD BUT WONT PLAY BY THE RULES. THEY CANT GET OVER THEMSELVES AND THE TRADITIONS THEY HOLD DEAR. TRADITION IS A FORM OF INSANITY AND STAGNATION.

[ema-266]

14carrot..about a "reprint"

Your friends info was right, but yet wrong. You see, Iraq DID do a reprint! That reprint was of the old Saddam Dinars and the New Iraqi Dinar the (NID) was put into effect in January 2003.

The NID was placed at a low fiat rate that was to be held stable for 3 years per the IMF.

This was done to give the nation of Iraq time to sort out the good guys from the bad and to also give time for a strong Central Bank to be established and for a democratic government to get up and running.

This low fiat rate was put into place to in effect freeze the economy of Iraq.

This was done to prevent the good people from fleeing and thus creating a chaotic exodus nightmare for the world.

Also by freezing the NID at a low fiat rate it prevented the terrorist within Iraq from funding the insurgents.

Now that Iraq has proven to the IMF that the Central Bank of Iraq, the (CBI) can keep the books, banks and rates in control, they the CBI can now return to the true rate of the Dinar.

So yes..your friend WAS right about a reprint but your friend was wrong in the fact that this reprint has happened..3 years ago!

The big thing we are waiting for now is the news of the Hydro Carbon Law the HCL

Once the HCL is in effect then the FIL and the ICI can all be activated and thus open Iraq to open trade with the world.