AJ's Intel 01/08/12

by Guest Sun Jan 08, 2012 10:09 am

http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB198/FOI%20Economy%20and%20Infrastructure.pdf

Page 17 of the above document, under "Infaltion, Foreign Exchange Rate; Cause and Remedies", explains it all. That sections explains how having such a high exchange rate on the Iraq Dinar in the past actually hurt the country when they should have been devaluing the Iraq Dinar through the 1970's up to the Sadam Regime. This in my opinion and supports all of the 1 to 1 and lifting the 3 zero articles that we have seen over the last year.

Once the trade in Iraq is at 50% and above, payment in US Dollars and the USD exchange rate is at 84 to 86 pips (maybe even higher) we will see the Iraq Dinar revalue at the 1 to 1 rate. The balancing of the G-20 currencies is taking place now to achieve the goals in the below article.

3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.

http://www.mop.gov.iq/mop/index.jsp?sid=1&id=308&pid=295&lng=en

In my opinion the first RV of the Iraq dinar is going to come out at somewhere between 86 cents and $1.25 for the first few years until the CBI has pulled in the biggest share of the larger notes. The CBI is going to accomplish this by releasing the lower denominations by buying back the US dollars now in circulation. Thus, reintroducing a proportionate exchange rate in relation to the rest of the G-20 countries and kick starting world economy.

Watch the rules as they come out, we may have to exchange all the big notes for either US dollars or lower denomination Iraq dinar if we can get our hands on them in a time period set by the CBI. Or one could start an Iraq account until such time as the dinar RIs or RV again. And that may never happen, but the above documents alludes to it. The above two documents are the only fact intel, besides the news we have.

Keep your eyes on the markets at kitco.com/

God Bless,

AJ

by **ADMIN** Sun Jan 08, 2012 10:21 am

Thanks AJ... Keeping it real... and everybody grounded...

by Guest Sun Jan 08, 2012 10:36 am

So from what you say above...if I had to guess...the month we should probably/possibly see an RV/RI in is maybe by March seeing that the USD is not near .86 pips yet? We are already at Jan 8th and Feb is a short month.

Also, if it does come out at a 1 to 1 ratio and then there is talk of it going up in two years, would you wait AJ and cash some in now and then some in later (IF) it goes up? Or is that a chance you are not willing to take?

One last thing...what is the difference between just handing someone in your family DINAR as opposed to gifting it...it's the same thing right? I plan on going going to where my brother lives and giving it to him for him to cash in. Or do you have to created documents and gift it to him...I was confused about that....

by maxdinar Sun Jan 08, 2012 10:40 am

This is the most sensible post I have seen yet regarding Dinar. if they would have RV'd the dinar with trillions of dinar in circulation they would never have been able to control it and it would have dropped like a brick immediately. they need to buy back the dinar in circulation, at a rate affordable to them, and the current rate is very affordable. a revalued rate at over $1 US would not be affordable to them, they would just scrap their money all together and print new money which would bring mass confusion and possibly panic in their country. Shaving 3 zero's off their currency would make these 25,000 dinar dinominations worth $25 each based on $1 USD to $1 dinar. that would allow them time to buy back their high denomination currency and replace it with lower denomination currency to make it worth more. supply and demand sets in and the amount of currency they have in circulation is key to this. it is too diluted at this point.

by spirit144 Sun Jan 08, 2012 10:43 am

GM OOM!! Thanks AJ, good posting

by Guest Sun Jan 08, 2012 10:50 am

punisher wrote:So from what you say above...if I had to guess...the month we should probably/possibly see an RV/RI in is maybe by March seeing that the USD is not near .86 pips yet? We are already at Jan 8th and Feb is a short month.

to the above: That could be, but the rise in the US dollar could also happen over night, but from what I see they are raising the US dollar gradually as to not spoke the speculators and devalue the other G-7 countries to fast as that would be a raise for concern in the investors moving to fast to the US dollar from lets say the Euro.

Also, if it does come out at a 1 to 1 ratio and then there is talk of it going up in two years, would you wait AJ and cash some in now and then some in later (IF) it goes up? Or is that a chance you are not willing to take?

To the next above: This will depend on the CBI rules or maybe even the UST rules if such are provided. In the past the CBI rules were 6 months for exchanges from old currency to new currency.

One last thing...what is the difference between just handing someone in your family DINAR as opposed to gifting it...it's the same thing right? I plan on going going to where my brother lives and giving it to him for him to cash in. Or do you have to created documents and gift it to him...I was confused about that....

Lastly: You can do either and it is going to depend on the cash in place. Remember, possession is 9/10s of the law. He who holds the dinar is owner and he who chases in will be responcible for the taxes. Do not create a double taxation problem. A bank is not going to care if you have a reciept, but Ty at Dinar Banker is.

AJ is red!

by Blexum Sun Jan 08, 2012 10:59 am

$1 to 1 dinar does not make sense if they are to have the highest valued currency in the mideast. Or did someone forget that is what Shabibi said?

by bobd Sun Jan 08, 2012 11:00 am

STILL CONFUSED ON THE ONE TO ONE AND LIFTING 3 ZEROS. WHAT WOULD MY 1,000,000 DINAR BE WORTH. THANKS FOR ANY HELP

by Guest Sun Jan 08, 2012 11:00 am

What you propose is a trade of the larger notes for the lower denominations, which will never occur for serveral reasons. 1. they cannot do that without raising the value to buy back the US dollars, the Iraq people would just continue to use US dollars. 2. You propose a LOP which would cause more Iraq dinar to buy a loaf of bread, again the Iraq people would just continue to use US dollars.

With a one to one rate increase in the Iraq dinar the Iraq people would gladly exchange US dollars for their own money the dinar. AJ

maxdinar wrote:This is the most sensible post I have seen yet regarding Dinar. if they would have RV'd the dinar with trillions of dinar in circulation they would never have been able to control it and it would have dropped like a brick immediately. they need to buy back the dinar in circulation, at a rate affordable to them, and the current rate is very affordable. a revalued rate at over $1 US would not be affordable to them, they would just scrap their money all together and print new money which would bring mass confusion and possibly panic in their country. Shaving 3 zero's off their currency would make these 25,000 dinar dinominations worth $25 each based on $1 USD to $1 dinar. that would allow them time to buy back their high denomination currency and replace it with lower denomination currency to make it worth more. supply and demand sets in and the amount of currency they have in circulation is key to this. it is too diluted at this point.

by Guest Sun Jan 08, 2012 11:01 am

$860,000.00 to 1.2 million USD.

bobd wrote:STILL CONFUSED ON THE ONE TO ONE AND LIFTING 3 ZEROS. WHAT WOULD MY 1,000,000 DINAR BE WORTH. THANKS FOR ANY HELP

by landcareunlimited Sun Jan 08, 2012 11:05 am

As previously stated, this is BY FAR the most sensible thread I have ever read on this site or any other. Not surprisingly, AJ and Punisher are in the mix.

Thanks for the sanity injection...

by Guest Sun Jan 08, 2012 11:07 am

Shabibi did not say highest value, he said strongest value and that could be anywhere between 27 cents and 3.60! 1 to 1 is a strong value.

Oh, and by the way, Shabibi uses the news to his avantage. He is the biggest dinar pumper out there. He must keep the dinar moving in order to keep the value at present and we here in American and elsewhere are doing that for him. He who is not holding dinar loses in the end!

AJ

Blexum wrote:$1 to 1 dinar does not make sense if they are to have the highest valued currency in the mideast. Or did someone forget that is what Shabibi said?

by bobd Sun Jan 08, 2012 11:12 am

THANKS AJ. ITS TOUGH BEING A NEWBIE IN THIS ARENA.

by madaussie Sun Jan 08, 2012 12:02 pm

maxdinar,if you are living in iraq and the rv occurs why would people rush to the bank to sell dinar and buy dollars?surely they would sell dollars and buy dinar believing that the dinar rate would increase.

by Guest Sun Jan 08, 2012 12:05 pm

landcareunlimited wrote:As previously stated, this is BY FAR the most sensible thread I have ever read on this site or any other. Not surprisingly, AJ and Punisher are in the mix.

Thanks for the sanity injection...

Thanks for the compliment my friend. I would rather the reality of waiting a while longer than hear tomorrow night is rv night...and then nothing.

by **Jayzze** Sun Jan 08, 2012 12:15 pm

this is the most legit value 1 to 1 shab is no fool they will be in good shape and so will all the investors i will run to the bank ihave a question if it is 86cents is the cbi rate higher

by Guest Sun Jan 08, 2012 12:16 pm

AJAnderson wrote:
punisher wrote:So from what you say above...if I had to guess...the month we should probably/possibly see an RV/RI in is maybe by March seeing that the USD is not near .86 pips yet? We are already at Jan 8th and Feb is a short month.

to the above: That could be, but the rise in the US dollar could also happen over night, but from what I see they are raising the US dollar gradually as to not spoke the speculators and devalue the other G-7 countries to fast as that would be a raise for concern in the investors moving to fast to the US dollar from lets say the Euro.

Also, if it does come out at a 1 to 1 ratio and then there is talk of it going up in two years, would you wait AJ and cash some in now and then some in later (IF) it goes up? Or is that a chance you are not willing to take?

To the next above: This will depend on the CBI rules or maybe even the UST rules if such are provided. In the past the CBI rules were 6 months for exchanges from old currency to new currency.

One last thing...what is the difference between just handing someone in your family DINAR as opposed to gifting it...it's the same thing right? I plan on going going to where my brother lives and giving it to him for him to cash in. Or do you have to created documents and gift it to him...I was confused about that....

Lastly: You can do either and it is going to depend on the cash in place. Remember, possession is 9/10s of the law. He who holds the dinar is owner and he who chases in will be responcible for the taxes. Do not create a double taxation problem. A bank is not going to care if you have a reciept, but Ty at Dinar Banker is.

AJ is red!

THANK YOU for the info/your opinion AJ. I hope all us investors get the rv sooner rather than later. If we have to wait we have to wait...i just pray it happens by at least MARCH.

As for the giving of IQD, once I hand it to my brother then it's his and he can cash in.

by GoodGosh Sun Jan 08, 2012 12:17 pm

AJAnderson wrote:Shabibi did not say highest value, he said strongest value and that could be anywhere between 27 cents and 3.60! 1 to 1 is a strong value.

Oh, and by the way, Shabibi uses the news to his avantage. He is the biggest dinar pumper out there. He must keep the dinar moving in order to keep the value at present and we here in American and elsewhere are doing that for him. He who is not holding dinar loses in the end!

AJ

Blexum wrote:$1 to 1 dinar does not make sense if they are to have the highest valued currency in the mideast. Or did someone forget that is what Shabibi said?

SO TRUE!! As long as people are scooping up the dinars he doesn't have
to be too concerned because he has the USD (and other strong currencies)
to keep them afloat. Indefinitely perhaps.

Thanks AJ.

by aubrey Sun Jan 08, 2012 12:26 pm

One additional factor to keep your eye on...is that Iraq wants to get the large notes off the street. A .86-1.00 RV would indeed bring in some of these notes...but a $3.22 + would bring bring in a huge amount of Dinar off the streets...IMHO

by **rick152** Sun Jan 08, 2012 12:37 pm

GoodGosh wrote:
AJAnderson wrote:Shabibi did not say highest value, he said strongest value and that could be anywhere between 27 cents and 3.60! 1 to 1 is a strong value.

Oh, and by the way, Shabibi uses the news to his avantage. He is the biggest dinar pumper out there. He must keep the dinar moving in order to keep the value at present and we here in American and elsewhere are doing that for him. He who is not holding dinar loses in the end!

AJ

Blexum wrote:$1 to 1 dinar does not make sense if they are to have the highest valued currency in the mideast. Or did someone forget that is what Shabibi said?

SO TRUE!! As long as people are scooping up the dinars he doesn't have
to be too concerned because he has the USD (and other strong currencies)
to keep them afloat. Indefinitely perhaps.

Thanks AJ.

It is estimated that we peeps hold about 3 trillion dinar. With that number being the base to call...
3 trillion @ 1170 = 3,510,000.00 USD
Exchange rate (real) is 854.00 +/- a few cents ( not including the shipping and the mark up.

That said WE mean nothing in the entire scheem of things as 3.5 million over the last 8 years has held up Nothing let alone an entire country ...rick152

by **rick152** Sun Jan 08, 2012 12:56 pm

Now the difference between the world exchange rate ( what there is) of 854+/- USD and the dinar sellers.
Lets just say.
Dealer buys at 854.00 usd and sells at 1200.00 USD
266.00 USD ahead
Out of the 266 dealer pays staff and advertising. Facilities and other support.
Totals (based on todays numbers and todays pricing)
That 266 usd comes out to be about 798,000,000,000.00
798 trillion people that is the gross for dealers BEFORE expenses so with that who is making money UNTIL a RV??? ...rick152

by **ADMIN** Sun Jan 08, 2012 1:01 pm

Wish I had gotten into the dinar selling business. Thanks for all the great information rick152...

by **ADMIN** Sun Jan 08, 2012 1:03 pm

jayzze wrote: i will run to the bank

Me too jayzee... like a scalded dog!

by spirit144 Sun Jan 08, 2012 1:05 pm

OH!!..this is good.

by CaptnJerry Sun Jan 08, 2012 1:26 pm

punisher wrote:
landcareunlimited wrote:As previously stated, this is BY FAR the most sensible thread I have ever read on this site or any other. Not surprisingly, AJ and Punisher are in the mix.

Thanks for the sanity injection...

Thanks for the compliment my friend. I would rather the reality of waiting a while longer than hear tomorrow night is rv night...and then nothing.

AMEN!

Punisher, that's what people don't understand or seem to grasp... All of the so called neggies on this and probably every other dinar site, I think, feel the exact same way as you. That's why I myself question the so-called guru intel, cause 99% of the time it is not based in fact! I'd prefer to read articles like AJ's everyday and am very thankful when they are brought forward, but those articles aren't written every day. They can't be, cause there just isn't that much new information/news coming out of Iraq every day. People like AJ are truly here to help provide a selfless service to the great members of OOM, unlike others that just throw things out every day to just be heard or feed their egos and be on Dinar Recaps! Sorry for the rant and thank you AJ for another great, informative post!

CJ

by H2OMAN Sun Jan 08, 2012 1:47 pm

'm not sure a 1to1 exchange will remove the Iraqi on the street's fear of their own currency......this is the reason they are still using the USD.......Fear..I think that in order for the CBI to phase out the use of our dollar they will have to offer a higher rate to get ALL of the USD out of country. Just my way of thinking.......Who knows..........I'll take that 1 to 1 rate, but will Iraqi citizens? Can Shabibi wait that long? AJ.....am I missing something in my opinion?

by hanwoz Sun Jan 08, 2012 2:08 pm

My thoughts are that Kuwait is at or around $3.18 U.S...I think that Iraqi people and Government would at least like to see parity to Kuwait. Everything to Gain by having it that way.

by **ADMIN** Sun Jan 08, 2012 2:16 pm

I LOVE A FLYING PIG!!! :cheers:

by **rick152** Sun Jan 08, 2012 2:27 pm

hanwoz wrote:My thoughts are that Kuwait is at or around $3.18 U.S...I think that Iraqi people and Government would at least like to see parity to Kuwait. Everything to Gain by having it that way.

Especially with the "shared" oil field this scenario makes a lot of sence, But what do we know?...rick152

by H2OMAN Sun Jan 08, 2012 2:27 pm

My wife said " when pigs fly"...I can't wait to tell her I've seen it....LOL....Nice one Hanwoz!!!!

by Guest Sun Jan 08, 2012 4:05 pm

Maybe just maybe the usd will get stronger overnight!

by TNman Sun Jan 08, 2012 5:14 pm

I have a dumb statement. I'm not sure why it is dumb but I just know that it is. If they are trying to pull in the 000s, why are they selling them? Why don't they just quit selling the 000s and they won't have to worry about pulling them back in.

I'm beginning to think I like the GooRoos B.S. better so I can live in La La Land.

Mad

by Guest Sun Jan 08, 2012 8:32 pm

The CBI has to sell them in order to keep the current rate stable, otherwise the dian would colapse. AJ

P.S. I was in LaLa Land once, but who's been right there yet!

TNman wrote:I have a dumb statement. I'm not sure why it is dumb but I just know that it is. If they are trying to pull in the 000s, why are they selling them? Why don't they just quit selling the 000s and they won't have to worry about pulling them back in.

I'm beginning to think I like the GooRoos B.S. better so I can live in La La Land.

by norm Sun Jan 08, 2012 8:38 pm

this what is being written about has been out for 3 or 4 yrs. its not new the gurus bring it up when all the intel is wrong and people need in infusion of new stuff to talk about i wouldnt take as solid intel iraq changes all the time.this was something proposed nothing voted on just an opinion if u read further or u read the whole articlue

by Guest Sun Jan 08, 2012 9:02 pm

still does not negate the fact that all the articles for the last year coming out of Iraq have been nothing but 1 to 1 exchange rate.

P.S. I was in Lala land once too!

by Guest Sun Jan 08, 2012 9:05 pm

I have set my mind at ease with a 1 to 1. If it comes out at $3 dollars all the better. I might not have as much money as I wanted but it is a 1000% return on investment...I WILL TAKE THAT!

by gp cobb Mon Jan 09, 2012 3:31 am

Thanks to all the respondents in this post. I am developing a formula for cash in to share with you my friends. Considering a 'slow growth over time'. We will cash in at this rate; if it is .86 or 1-1, then we will cash in 15% of our holdings. If the rate is $2.00 to $3.00, we will cash in 20% of our holdings; if the rate is $3.00 to $4.00, we will cash in 30% of our holdings. You get the drift. yep. GP Cobb

by Blexum Mon Jan 09, 2012 5:43 am

If it comes in at $3-$4 almost everybody will cash 90%. After all, a bird in the hand.......................will usually make a mess unless you get rid of it.

by geezer Mon Jan 09, 2012 7:31 am

AJAnderson wrote:http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB198/FOI%20Economy%20and%20Infrastructure.pdf

Page 17 of the above document, under "Infaltion, Foreign Exchange Rate; Cause and Remedies", explains it all. That sections explains how having such a high exchange rate on the Iraq Dinar in the past actually hurt the country when they should have been devaluing the Iraq Dinar through the 1970's up to the Sadam Regime. This in my opinion and supports all of the 1 to 1 and lifting the 3 zero articles that we have seen over the last year.

Once the trade in Iraq is at 50% and above, payment in US Dollars and the USD exchange rate is at 84 to 86 pips (maybe even higher) we will see the Iraq Dinar revalue at the 1 to 1 rate. The balancing of the G-20 currencies is taking place now to achieve the goals in the below article.

3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.

http://www.mop.gov.iq/mop/index.jsp?sid=1&id=308&pid=295&lng=en

In my opinion the first RV of the Iraq dinar is going to come out at somewhere between 86 cents and $1.25 for the first few years until the CBI has pulled in the biggest share of the larger notes. The CBI is going to accomplish this by releasing the lower denominations by buying back the US dollars now in circulation. Thus, reintroducing a proportionate exchange rate in relation to the rest of the G-20 countries and kick starting world economy.

Watch the rules as they come out, we may have to exchange all the big notes for either US dollars or lower denomination Iraq dinar if we can get our hands on them in a time period set by the CBI. Or one could start an Iraq account until such time as the dinar RIs or RV again. And that may never happen, but the above documents alludes to it. The above two documents are the only fact intel, besides the news we have.

Keep your eyes on the markets at kitco.com/

God Bless,

AJ

VERY SOUND THIORY AJ VERY FEASABLE ALSO..

by geezer Mon Jan 09, 2012 7:33 am

I WILL CASH OUT 1 MILL. AND HOLD ON TO 100 THOUSAND FOR MY KIDS COLLEDGE FUND.. NOW AJ GOT *********** SLAP ******* SOMEONE AND GETRDONE groupdance

by Guest Mon Jan 09, 2012 10:36 am

$3-4 and i will cash in all.

by **HezekiaH** Mon Jan 09, 2012 10:44 am

I agree Punisher. $3 to $4 and I am out completely!! Go RV Very Happy

by Guest Mon Jan 09, 2012 11:21 am

HezekiaH wrote:I agree Punisher. $3 to $4 and I am out completely!! Go RV

I don't know who in their right mind would be greedy and want to wait for the chance it might go up (if it comes out at 3-4 dollars). I SURE WILL NOT! ACTIVATE ALREADY RV!!!

by flexiblehorse47 Mon Jan 09, 2012 11:28 am

Here is a question

If I'm from, let say USA state #1 and cash out in State # 2, will have to

pay state income tax to state # 2??????????? State # 1 does not have

state income tax.

Flexiblehorse47

by gp cobb Mon Jan 09, 2012 11:38 am

No you tax in your state of residence. Been wrong B4.

flexiblehorse47 wrote:Here is a question

If I'm from, let say USA state #1 and cash out in State # 2, will have to

pay state income tax to state # 2??????????? State # 1 does not have

state income tax.

Flexiblehorse47

by **Horizon** Mon Jan 09, 2012 12:05 pm

I would be happy with the 1-1. Just come on and RV.....

by CaptnJerry Mon Jan 09, 2012 12:17 pm

AMEN horizon! I'm with you... Come on RI/RV!

GEAUX TIGERS!

by **greenlight** Mon Jan 09, 2012 4:32 pm

AJAnderson wrote:still does not negate the fact that all the articles for the last year coming out of Iraq have been nothing but 1 to 1 exchange rate.

The original posting was nearly exact what I have been trying to convey for many months now. The one thing that is missing is the fact of the 3 zeros being lifted.
If one reads the numerous 3 zero news articles over the past year the one thing that consistently comes out is that the way they are going to do this is to introduce new lower denom currency into the economy to replace the old 3 zero notes. They have consistently given the example of the old 25000 note having the same value as the new 25 note. If a loaf of bread now costs 1000 dinar, one the new currency comes out that same loaf of bread will have 2 prices tags on it. One for 1000 old currency and the other for 1 dinar of the new currency. All you have to do is read the numerous 3 zero articles to see this is how it will be done. As the merchants get the old currency they will be required to give the new currency as change for the purchase and then exchange the old currency for the new currency at the local bank. That's how they are going to remove the 3 zero notes out of the economy - that and the normal bank exchanges done by the people themselves.
Both currencies will be able to co-exist for a maximum of 3 years at which time the 3 zero notes will be demonetized - become worthless for purchasing.
Over the last weekend the CBI stated that they intend to complete the introduction of the lower denoms into the economy by the end of 2012.
Now, this does not take all that much thought to figure out...
Which currency do you think will get the 1-to-1 exchange rate??? If you are honest with yourself, you will see that if the 3 zero notes get the 1-to-1 exchange rate then several things will occur. First and not least the Iraqi economy will suddenly be worth 33 trillion dollars. The US cannot even scrape together 16 trillion without borrowing most of it. How long do you think it would take Iran or Russia or Pakistan to figure out that if they controlled the Iraqi government they would immediately become the richest nation in the world by far. Iraq would not stand a chance and would not survive the month after an RV.
Second, not only would that kind of RV tip over the apple cart, it would shove it right over a cliff. The economy would be in shambles and in utter chaos.
Third, the Iraqis who needed to make a purchase over the past week with dinar that suddenly became worth 1000 times what it was the day before would riot and would overtake the government faster that Iran could muster it's army.
that TV that yesterday cost him 100,000 dinar suddenly today could be bought for 100 dinar... someone is gonna get their A$$ kicked for that. Now multiply that by all the people who have purchased using dinar over the previous days... See the problem?
Fourth, You cannot cause a nation to become 1000 times richer - every person - without it caving in on itself almost immediately. It's insane to even consider it.
Fifth, for the Iraqis that have USD to trade for dinar, they would get 1 dinar after the RV knowing they could have gotten 1000 dinar the day before.

Now consider if the new lower denom currency was to get the RV. It would make for an extremely smooth transition. Iraqis would trade their old 3 zero notes for the new lower denoms without losing or gaining value. They leave the back with exactly the same value they walked in with - completely transparent and smooth transition. That's what you want in a RV - no ripples.
In fact, last weeks news article said that very thing. The new dinar would have an increase of 1000 over the old 3 zero notes while the old 3 zero notes would remain unchanged. - clear as one can see.
This is the only scenario that makes any sense whatsoever and the only one that will transition the Iraqi economy into an RV without so much as a ripple in their economy while making the dinar the strongest (most stable) currency in the region - which is the ideal situation you want to be in. Then over time the currency will hopefully increase in value - but would naturally be a gradual increase so as to not upset the economy.

by raidernick Mon Jan 09, 2012 4:54 pm

GreenLight - One thing, if your new lower denoms get the 1-1 RV then there's actually no change over the current exchange rate. A 25,000 dinar note would be equal to a new 25 dinar note which has an exchange value of $25 (1 - 1), which is what I paid for the 25,000 dinar note in the first place, $25. All of this would then be nothing more than a redenomination of the currency, not a revaluation of it. That's when the crazy rates of $5+ make sense - 5x increase in value not 5,000.

by **greenlight** Mon Jan 09, 2012 5:08 pm

raidernick wrote:GreenLight - One thing, if your new lower denoms get the 1-1 RV then there's actually no change over the current exchange rate. A 25,000 dinar note would be equal to a new 25 dinar note which has an exchange value of $25 (1 - 1), which is what I paid for the 25,000 dinar note in the first place, $25. All of this would then be nothing more than a redenomination of the currency, not a revaluation of it. That's when the crazy rates of $5+ make sense - 5x increase in value not 5,000.

That's my point exactly. It was not until I got into this way over my head that I finally figured out what's really going on. The whole plan from the CBI is an RD with a gradual RV. It very well be that they will RV at $1.00 for 1 dinar making it easy to convert. If they opnly RD'd then they might all need pocket calculators to figure out 117 dinar for $1.00 or $.86 for 1 dinar. The easiest is to make it $1.00 to 1 dinar and that being the new lower denom dinar - not the current ones.

Just read all the 3 zero news articles and you will see just how right I am. It's what they have been telling us for over a year now.