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

Originally Posted by MunnyBaggs

Here is the value of IQD as of tonight:

{1 IQD = .000680 USD}

25,000 IQD = $17 USD
10,000 IQD = $6.80 USD
5,000 IQD = $3.40 USD
1,000 IQD = 68 cents USD
500 IQD = 34 cents USD
250 IQD = 17 cents USD
100(coin) IQD = 7 cents USD
50 IQD = 3 ½ cents USD
25(coin) IQD = 2 cents USD

Here’s what it would look like with a $3 re-val:

{1 IQD = $3 USD}

25,000 IQD = $75,000 USD
10,000 IQD = $30,000 USD
5,000 IQD = $15,000 USD
1,000 IQD = $3,000 USD
500 IQD = $1,500 USD
250 IQD = $750 USD
100(coin) IQD = $300 USD
50 IQD = $150 USD
25(coin) IQD = $75 USD

They'd have to reprint the entire denominational structure and zero lop to make a $3 re-val work.

Who said they have to reprint and zero lop to make a $3 reval work? Your elastic models? If that's the case, then I know for sure that they can do it without a reprint and lop. Coz so far your model's batting average is a donut.

Originally Posted by H2O_Lover

Many of us realize that they are not just collecting...

And many more don't.

Originally Posted by cigarman

Ya know buddy, that's been on my mind. Could be a good possibility. Personally, I'm trying to figure out how the Mexican Peso will switch over to the amero dollar in 2010. That could also be a possibility. Has anyone but me noticed that all the common currencies are coming in 2010. First they announce the GCC, then African common currency and now the Amero dollar.

It is very interesting. Actually, i'm reminded of playing the game "Risk" when i think about all the alignments of countries that use common currencies.

Also - has anyone read Nineteen Eighty-Four by George Orwell? I haven't read it in a few years but some events happening now seems like precussors to larger events. Instead of just a common currency, how about an Amero region... or Euro or GCC or Asian region... similar totalitarian superstates engaged in perpetual war with each other. Of course, not likely to happen but you never know.

Sorry, getting off track but these common currencies bring up some interesting discussions.

Originally Posted by "GK"

Who said they have to reprint and zero lop to make a $3 reval work? Your elastic models? If that's the case, then I know for sure that they can do it without a reprint and lop. Coz so far your model's batting average is a donut.

As is everyone elses. Oh and its dollars they sell at the auctions GK.

Originally Posted by Elfwizard

As is everyone elses. Oh and its dollars they sell at the auctions GK.

You bought into the CBI's illusion. The banks sell their dollars to the CBI in exchange for dinars. As in DE-DOLLARIZATION. No sense revaluing it if they have more dollars than dinars in circulation in Iraq. That's like squeezing the life out the economy. First you reintro a new dinar at a pathetic rate. As a result, the Iraqis prefer the USD. Now you sell more USD and take out more dinars in circulation at the pathetic rate, because you have a plan to revalue? That's really stupid. Now Iraqis are stuck with the USD, and in order to get dinars, they have to buy dinars at a revalued/much higher rate. Now you just pissed off more of your citizens because they just lost more money. You just cut off some spending power of the people that would've been spent back into the economy. That's friggin smart. Duh.

Originally Posted by "GK"

You got that right. The banks sell their dollars to the CBI in exchange for dinars. As in DE-DOLLARIZATION. Duh.

So your saying that they have not been pulling dinar from Circulation, Via Auctions? But adding more into circulation? Better watch it you'll have a lynch mob after you.

Originally Posted by "GK"

You got that right. The banks sell their dollars to the CBI in exchange for dinars. As in DE-DOLLARIZATION. Duh.

I hope your kidding... The banks are selling Dinar to the CBI in exchange for dollars in order to fight inflation...

Three hours to go. What will the surprise from the CBI be tomorrow? More of the same or that magical shift we've all been waiting for? At any rate we are one day closer to the REVAL !!

This may be posted inappropriately as news and I apologize in advance. This is also 'out of character' for me but it is bedtime and I just felt inclined to pass along something I had read quite some time ago; it is what really got me very interested in the IQD. I generally investigate thoroughly and then speak; I almost felt like registering under a different username to do this because I neglected to do so.
I had read (outside this forum or IIF) that America has far more IQD at a revalued rate of 1:1 than all the costs associated with the Iraqi engagement. In fact, what I read indicated that the USA had 65% of all IQD not controlled by Iraq (GOI, CBI). Additionally, I read that Israel as a nation and Israelis had the second largest holdings outside of Iraq. The article also cited an Israeli statute the indicated that it was a felony for Israelis to possess any Arabic currencies; A special law was allegedly passed to exempt IQD.
Contrary to my nature as well as my training as an engineer, I did not store any of my readings and some time later I simply began to look for a larger diet of Dinar news/information/opinion and ended up at Rolclub. I cannot vouch for the above information but I do remember thinking that if the part of the Israelis is true I better take a further look. The Israelis impress me in that they are very astute. Evidence of that is their very survival in a hostile setting and numerical dwarfing by their bordering and near bordering neighbours. They make few major misjudgements.

Originally Posted by nventr

This may be posted inappropriately as news and I apologize in advance. This is also 'out of character' for me but it is bedtime and I just felt inclined to pass along something I had read quite some time ago; it is what really got me very interested in the IQD. I generally investigate thoroughly and then speak; I almost felt like registering under a different username to do this because I neglected to do so.
I had read (outside this forum or IIF) that America has far more IQD at a revalued rate of 1:1 than all the costs associated with the Iraqi engagement. In fact, what I read indicated that the USA had 65% of all IQD not controlled by Iraq (GOI, CBI). Additionally, I read that Israel as a nation and Israelis had the second largest holdings outside of Iraq. The article also cited an Israeli statute the indicated that it was a felony for Israelis to possess any Arabic currencies; A special law was allegedly passed to exempt IQD.
Contrary to my nature as well as my training as an engineer, I did not store any of my readings and some time later I simply began to look for a larger diet of Dinar news/information/opinion and ended up at Rolclub. I cannot vouch for the above information but I do remember thinking that if the part of the Israelis is true I better take a further look. The Israelis impress me in that they are very astute. Evidence of that is their very survival in a hostile setting and numerical dwarfing by their bordering and near bordering neighbours. They make few major misjudgements.

I cannot vouch for the information about the US holding that many dinar but I can tell you I read the statute that enabled the Israelis to purchase and hold dinars. The article stated that they imported $385 million dollars worth of dinars on their very first transaction. I remember the number because it so impressed me that I wrote it down. That is 569,800,000,000 dinars for just their first thrust into the dinar venture. Like you said, they know what they are doing.