Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by Mike

Since when is my patience involved here? My post wasn't in regards to my patience but rather pointing out the fact that now the date moved from end of may-beginning of june to end of june, and thus showing this isn't a done deal. And showing that it won't peg anytime soon


And I don't need you advice on what investments I should make and what not.

Won't peg anytime soon? I'd say a month is certainly any time soon! I don't understand why people so anti the dinar bother investing in it. If they don't think it will peg why throw money at it? Yes it's highly speculative but it's no hyip, mlm etc that we've all invested in at some point like pips, SI etc....

As I've said all along they are rumours, take them for what they are. This will happen, no doubt about it, too many official articles, too many hints, too much help and debt forgiveness from outsiders. With the world behind Iraq and watching over it it will not fail. GW won't allow it to fail. With Maliki we have the right man for the job. We're so so close.

What sticks with me is the article from a CBI official which stated 'the dinar will rise significantly in 2006'. That was NO RUMOUR.

Hello Adster
I'am Krish, another train jumper from Texas, you leave, I join the group for this run. You get back, I am leaving for the Sea World trip. hehe I guess I will catch-up with you on Monday.

Hope your trip was good. god bless you and your family too
___Krish_______________

Originally Posted by krish

Hello Adster
I'am Krish, another train jumper from Texas, you leave, I join the group for this run. You get back, I am leaving for the Sea World trip. hehe I guess I will catch-up with you on Monday.

Hope your trip was good. god bless you and your family too
___Krish_______________

Hey Krish, thanks, enjoy a good safe trip, :0)

Hi Adster, I am flygirl also new. Just received another 500,000 this morning. I wasn't out of bed yet and my door rang. (I had trouble sleeping last night)

I have a question. Last night I listened to a Dr. on a conference that freedinar had. He was talking about there being an internal peg first and then an international one. Can you explain further?

Originally Posted by flygirl1

Hi Adster, I am flygirl also new. Just received another 500,000 this morning. I wasn't out of bed yet and my door rang. (I had trouble sleeping last night)

I have a question. Last night I listened to a Dr. on a conference that freedinar had. He was talking about there being an internal peg first and then an international one. Can you explain further?

Nice one, good for you. :0)

This has been talked about on other forums and is certainly a possibility. From our point of view it doesn't make a great deal of difference once it's put onto the world market. If for instance they only pegged it internally then Iraq would have no way of accepting foreign investors and would basically be on their own. Not going to happen. With the soon to be opening ISX they will have to have pegged it before it opens this summer to allow us foreign investors to buy up companies, stock, shares etc.

One of the reasons they make peg it internally first off is to sort out the issuing of new coins/notes that would be needed for an internal peg before opening it to the world. One things's for sure, with Kuwait recently revaluing their currency and Saudi talking about doing it too then Iraq will follow suit as well soon.

Thankyou, That clears that question up for me. I am so excited I feel like a cheerleader. Ra! Ra! Go dinar!

Just saw this on my home page....definitly filling ministry postitions on Sunday no matter what.

http://www.adelphia.net/news/read.ph...LNWC01L3_UNEWS

(For some reason I can't copy and paste the article...)

Welcome back Adam,

Hope you enjoyed your holiday, and good to see you back and posting more good news.

For those who did not hear Free-Dinar call, you can listen and learn from this link. You can register for updates for free at Free-Dinar.com and the insight provided is of sound source.

Also, here is a little clarification on the talk about lopping zeros off currency, and this should clear up any confusion on issue.

Dear FreeDinar Members and Customers,

Last nights call was probably the most informative that we have had, and we packed the lines again.

The call was recorded and we have uploaded to http://securedcontent.net/freedinar/audio/conference060105ed.wma

However, there has been some confusion regarding “zero lopping”. Even though this topic was explained by Dr. Qaddouri and Dan Fadden, it’s still a difficult concept that we will try to explain here.

If you go to the Central Bank of Iraq’s website (http://www.cbiraq.org/cbs6.htm) you will see that the official (bank to bank) exchange rate of the Dinar is 1476. This means that for every US dollar you get 1,476 Iraqi Dinars.

If you look at it in an Iraqi’s eyes they convert it the other way. In other words they convert it to how much one Dinar is worth is US dollars. In this case it’s worth .0006775 USD (United States Dollars).

We know that .01 USD is a penny, so .0006775 USD is much less.

Now this is where “zero lopping” comes into play. If you lop off one zero in the exchange rate of .0006775 USD to one Iraqi Dinar, then you get .006775. If you convert that to how many Dinars to the Dollar, it comes out to 148 Iraqi Dinars.

Now if we apply that to what 1 million Dinars would be worth, it comes out to $6,757 USD. A jump of 10 times, or 1000 percent.

If they “lopped” another zero off, your 1 million Dinars would now be worth $67,570.
Another would be $675,700 and so on.

So the “zero lopping” is not taking zeros off the actual currency, but the exchange rate. This is what was done in Afghanistan on January 3rd of 2003.

Also, for those people that you may contact that still think that they would just lop off zeros from the actual currency, just remember that not only does a 25,000 Dinar note have the actual figure of “25,000” imprinted on it, but it also says “Twenty Five Thousand Dinars”. I would think that this fact alone would counter any arguments to the contrary.

We hope that this clears any confusion that you might have regarding “zero lopping”.

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Welcome back Adam,

Hope you enjoyed your holiday, and good to see you back and posting more good news.

For those who did not hear Free-Dinar call, you can listen and learn from this link. You can register for updates for free at Free-Dinar.com and the insight provided is of sound source.

Also, here is a little clarification on the talk about lopping zeros off currency, and this should clear up any confusion on issue.

Dear FreeDinar Members and Customers,

Last nights call was probably the most informative that we have had, and we packed the lines again.

The call was recorded and we have uploaded to http://securedcontent.net/freedinar/audio/conference060105ed.wma

However, there has been some confusion regarding “zero lopping”. Even though this topic was explained by Dr. Qaddouri and Dan Fadden, it’s still a difficult concept that we will try to explain here.

If you go to the Central Bank of Iraq’s website (http://www.cbiraq.org/cbs6.htm) you will see that the official (bank to bank) exchange rate of the Dinar is 1476. This means that for every US dollar you get 1,476 Iraqi Dinars.

If you look at it in an Iraqi’s eyes they convert it the other way. In other words they convert it to how much one Dinar is worth is US dollars. In this case it’s worth .0006775 USD (United States Dollars).

We know that .01 USD is a penny, so .0006775 USD is much less.

Now this is where “zero lopping” comes into play. If you lop off one zero in the exchange rate of .0006775 USD to one Iraqi Dinar, then you get .006775. If you convert that to how many Dinars to the Dollar, it comes out to 148 Iraqi Dinars.

Now if we apply that to what 1 million Dinars would be worth, it comes out to $6,757 USD. A jump of 10 times, or 1000 percent.

If they “lopped” another zero off, your 1 million Dinars would now be worth $67,570.
Another would be $675,700 and so on.

So the “zero lopping” is not taking zeros off the actual currency, but the exchange rate. This is what was done in Afghanistan on January 3rd of 2003.

Also, for those people that you may contact that still think that they would just lop off zeros from the actual currency, just remember that not only does a 25,000 Dinar note have the actual figure of “25,000” imprinted on it, but it also says “Twenty Five Thousand Dinars”. I would think that this fact alone would counter any arguments to the contrary.

We hope that this clears any confusion that you might have regarding “zero lopping”.

Good luck to all, Mike

Thanks alop Mike!!

Originally Posted by Offshore-Wealth.com

So the “zero lopping” is not taking zeros off the actual currency, but the exchange rate. This is what was done in Afghanistan on January 3rd of 2003.

Mike, do you have any knowledge about the details of the Afghan situation? How much did that exchange rate actually change in 2003?

Thanks.