My Dinar Is Equal To The Dollar!

by supergirl Sat Feb 11, 2012 2:39 pm

May dinar is equal to the dollar!

Palm - said the deputy governor of the Central Bank of the appearance
of Mohammed Saleh said that the bill included proposals for a new
currency and the categories that bear and details of technical and
economic.

Saleh pointed out during the permit media to change
the currency and delete zeros decision of the executive and approved by
the legislature, and that the project will not be implemented hastily,
but will be taken among other factors to consider before you start to
implement it, including the date of the financial year and the strength
of the national economy, among other indicators in the favor of the view
that This law, if approved, will have a positive impact on the Iraqi
currency in several aspects you need during the next phase, which will
strengthen the value of the Iraqi currency.

He described the
favor of a system of cash payments of the current Iraqi regime
miserable, noting that the largest denomination in which value does not
exceed twenty dollars, confirming that the deletion of zeros will
enhance the value of the Iraqi currency, and reduces the cost of
handling cash, The currency in its present estimated size of today
Petrlionat dinars, making the process of dealing monetary cost is high.

And about the fears rigging of the new currency in the event were
issued or it will affect negatively on the economic situation, responded
in favor: that it reflects the look bleak, do not forget that there are
other countries proceeded to switch its currency and dropped them
zeros, such as Turkey, Romania and Brazil without being its economy to
shocks and thus Iraq is not engaged in an unknown water or walking on
the road did not knock him one before is likely to include the new
currency for the population to the side of a coin paper.

And
return more zeros on the Iraqi dinar to the days of inflation, which
came on the value of the Iraqi currency is a result of previous wars and
the subsequent economic blockade, turned the currency of Iraq to the
paper was printing houses of the former regime exported in large
quantities without the cover, while the Iraqi dinar until the
mid-eighties equivalent of more than three U.S. dollars.

But
the adviser to the prime minister for economic affairs, Abdul Hussein
Al-Anbuge said in a press statement: that the rampant corruption in
state institutions and the low level of efficiency and economic
situation in general at this time not in favor of lifting of the zeroes.

He pointed to what he said that he bumps will change the currency and
delete zeros, including the risk of fraud and increase the demand for
goods causes a fake result for the payment of dinars instead of a
thousand dinars, as now, explaining that the re-printed a new currency
will have the costs of expensive, adding that attempts will be made to
persuade the Bank Central to wait in his plans in this regard.

Previously, the head of the Iraqi Securities Commission confirmed that,
earlier, to delete the zeros of the Iraqi currency will not affect
circulation in the Iraqi Stock Exchange and its shares

The
director of a money transfer companies abroad Sami Rashid: I think that
the lifting of the zeroes from the currency will increase confidence in
the currency, and will lead to increased purchasing power of citizens,
and will drop the phenomenon of trading blocs, the large cash used by
the Iraqis since the nineties.

He believed economic analyst
Talal Jassim said switch the Iraqi currency a necessary but pointed to
the need to provide the conditions necessary for its implementation,
particularly the security and political stability, adding that the
relative stability of the Iraqi currency after the issuance of currency
recently, and the result of the return link Iraq to the global economy
and the availability of reserves of foreign currency due to oil exports ,
encouraged the central bank to consider the deletion of zeros.

Jassim added that lifting the three zeroes will lead to an exchange
rate of one dollar per dinar where Jassim called to the need to follow
the policies of quiet to convince the citizens and getting used to it
for a period not exceeding two years.

http://translate.google.com/translate?sl=ar&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.nakhelnews.com%2Fpages%2Fnews.php%3Fnid%3D11181

by **ADMIN** Sat Feb 11, 2012 2:49 pm

ARTICLE OF THE YEAR IMO!!!

THANKS SUPERGIRL!!!

MODS KEEP THIS ONE BUMPED!

by therealbutterfly Sat Feb 11, 2012 2:49 pm

This kinda sounds like they wont start it til the Fiscal year starts in Jan. And it still says what we all dont want it to say, at least it does to me. Sigh....

by bobd Sat Feb 11, 2012 3:04 pm

SO MUCH SMOKE I CANT SEE.

by **Kevind53** Sat Feb 11, 2012 3:04 pm

Good article, great find! :cheers:

by **dinarstar** Sat Feb 11, 2012 3:33 pm

Jassim added that lifting the three zeroes will lead to an exchange
rate of one dollar per dinar where Jassim called to the need to follow
the policies of quiet to convince the citizens and getting used to it
for a period not exceeding two years.

I think this last paragraph says it all.

by edlou Sat Feb 11, 2012 3:33 pm

Agree..On THE BIG SMOKE SCREEN

by **aksafeone** Sat Feb 11, 2012 3:56 pm

Great article!!! Another prospective. Food for thought.

by **clayf** Sat Feb 11, 2012 4:47 pm

Jassim added that lifting the three zeroes will lead to an exchange
rate of one dollar per dinar .............SOLD!!!!

by **rick152** Sat Feb 11, 2012 5:09 pm

dinarstar wrote:Jassim added that lifting the three zeroes will lead to an exchange
rate of one dollar per dinar where Jassim called to the need to follow
the policies of quiet to convince the citizens and getting used to it
for a period not exceeding two years.

I think this last paragraph says it all.

Here is the comment I made to this article earlier today

dollar per 1 dinar for not more than 2 years makes so much sence...The people of Iraq could so easily adjust to the "change" and the dollars could be removed from the streets along with the 3 zero dinar

Delete the 000's means remove from circulation and nothing more...rick152

Yea for 1 to 1 I will take it

by hithere Sat Feb 11, 2012 5:41 pm

therealbutterfly wrote:This kinda sounds like they wont start it til the Fiscal year starts in Jan. And it still says what we all dont want it to say, at least it does to me. Sigh....

What do you mean TRB? Dont want to say what?

by **rick152** Sat Feb 11, 2012 6:26 pm

hithere, I would like to try and answer your question...Being as there is no date to ber found on this doc or at the link I will say this...

Since we no not the date it appears to be at least 2 to 3 years old and that being a lot of the information / actions have begun or have taken place.

I believe we are down to the FINAL part. I also we are way into the "delete" the three zero's part. That being drawing off the 000's from the streets of Iraq. Also I will say again "remove the zeros does only mean, remove from circulation" nothing more!

We await the parliament (here called legislature) to finalize the vote to impliment and distribute the lower denoms ...

I do not think that this means waiting until another year end / begins as in this is now behind schedule IMO

Also IMO redenomination means to release the lower denoms In that I say we have had the redenom already. The Saddam era bills were "redenomed" into the dinar we now hold. The finally to the redenom is to release the lowers. I in no way believe that that all the trouble and expense to have these 000 bills was to simply throw everything out to start all over again. IOM the lowers have been printed and are stored already to distribute when the CBI, and the GOI get their stuff together enough to allow the IMF to give the go ahead.

Yes it is totally up to Iraq as to when but they need to get their stuff together / finished ...rick152

by billcon Sat Feb 11, 2012 7:16 pm

Myabe I'm missing something - but if Iraq deletes the three zeroes and than RV's at say $1.00 to the US Dollar - that might just make our investment about

a wash ? The IQD would then be equal to the dollar which accomplishes their desire to be a strong currency in the marketplace - while most of our hopes of

riches go away ?? Does this seem reasonable as a possibility ???

by **rick152** Sat Feb 11, 2012 7:39 pm

billicon, As I said the "delete the 000's is ONLY TO REMOVE THEM from circulation nothing more they still will be worth the 1 to 1 if that is the rate, just removed from the streets once cashed (over a certain period of time) the CBI (or other central banks ) will hold them as a "quasi savings account" to be cashed (not unlike a savings bond) when needed or wanted .IMO ...rick152

by billcon Sat Feb 11, 2012 7:46 pm

Thank you Ric I hope your right -just seemed like a possibility IMO

My Dinar Is Equal To The Dollar! 3079029344

:?: :?:

by ou812 Sat Feb 11, 2012 7:55 pm

billcon wrote:Thank you Ric I hope your right -just seemed like a possibility IMO

:?: :?:

I have to agree with you on this one.

by billcon Sat Feb 11, 2012 8:34 pm

Thanks OU812 - guess I'm little gun shy from all the "Intel" I've seen on the various boards - suggesting just outrageous high RV's speculating on the potential

riches coming our way -- - remembering the old adage "If it sounds too good to be true - It usually is" - but like most of us - would love to be wrong and the dream

comes true for all the Dinar investors.

by **dinarstar** Sat Feb 11, 2012 10:55 pm

Rick,I see where billcon is going with this,and it's thought provoking.
What you are saying is an IQD25000 note at a rate of 1 to 1 would still be worth $25000?
If I understand billcon's post correctly,if the 000's are deleted,at the same exchange rate of 1 to 1,that note would be worth $25 if the 000's are dropped before the RV.
What I was asked the other day by a friend was also interesting,it has probably been covered before,but I will mention it here.
Iraqi's have in their possession IQD and USD.
Would it not be in their interest to use USD and stash their dinar in anticipation of an RV?
If the RV occurs before dropping the zero's,almost the entire population will become mega-wealthy overnight.
This in itself could create domestic problems.
If the IQD RV's after the 000's are dropped,even at a higher rate of say,3 to 1,then not at all.
A 25(000) dinar note would go from $25 to $75.
Then Iraq would have an acceptable currency,stronger than the USD,and we would be in profit,although significantly less so than anticipated.
There are those with a far more sophisticated understanding of this process than I,but I believe that no matter what happens,first,it will be for the benefit of Iraq,and completed only when they are good and ready.
I pray Rick,that your scenario is the correct one.

by **Kevind53** Sat Feb 11, 2012 11:11 pm

I don't think you'll see the whole population mega-wealthy. The average Iraqi just doesn't have it. When you look at their average per capita income versus their cost of living it's just not there. They are living at the poverty level, and everything they make is going into just living.

Maybe some black marketers, and bigger business man will make something, but the average Iraqi, not a chance.

by **aksafeone** Sat Feb 11, 2012 11:26 pm

Another thing to remember is that with the US Troops gone there has been a drastic reduction in income for the common person in Iraq. Many of them were employed as civilian workers both on and off our bases. That does not include the money that trickled down from those wages through the market system.

With the jobs disappearing those displaced workers would now have to spend their "savings" just to live until they find other employment or a source of income. At the present exchange rate of 1166 IQD to 1 USD the advantage would be to the holder of the IQD. When the rate changes and the USD is not longer allowed to be used the exchange of currency (to get rid of the USD) would then be in the favor of those holding the USD for that single exchange given that the exchange rate also changes i.e.: less IQD per USD.

The removal of the 0's only affects the value after the currency (25000 notes for example) has been taken off the street. This is what I have gotten out of all of the articles reference the deletion of the zeros. Our investment (the dinar we now hold) would not be affected by the deletion of the zeros if we cashed in within the time allotment assigned a the time of the deletion of the zeros. (If I'm wrong, please re-educate me.)

by **dinarstar** Sat Feb 11, 2012 11:34 pm

The GDP now stands at about $4500.
http://www.iraq-businessnews.com/2011/03/14/iraqs-per-capita-income-to-double-by-2015/

by **rick152** Sun Feb 12, 2012 1:07 am

dinarstar, IMO first...Let me try to answer as I see it OK? Here goes

This was setup by the Bush family in coordination with the Cheany family and the banking consortium.PTB. THIS WAS NOT DONE FOR NOTHING.

The people of the US are very giving and out of concern and caring we regular peeps give to a fault without reserve. The government (especially in it's current condition of late, like the past 20 years) is not. The government is of the greedy mindset at large.( what am I going to get out of this) I know this is a double negative but I must say one more time, THIS WAS NOT DONE FOR NOTHING.

That being said and clear, If this entire thing was setup for the dinar to virtually disappear what would the bank consortium (PTB) and all gain? NADA DAM THING. right?

Lets see this, if the 000's go and we have a rate of 1 to 1 and a 25k is now 25 dollars...That my friend would be a lop. Period. Not happening! and Here's why...Those that hold dinar would ALL take it in the shorts. Think about that...ALL, the Bush's, Cheney's and the entire banking consortium (PTB) along with us get NOTHING or more truly Very little. Besides us small peeps, what big- wig would be happy with that? None!

This war in Iraq at conservative estimate cost the U S 800 B. The then President Bush DID say "this war will cost the U S nothing" I heard that on the news when said. And by the way...If the dinar goes as a lop how would that statement even be viable? NO!

Take that lop again that everyone fears so much. Look at the Petro dollars...What would they be worth? NO MORE THAN YOURS or mine! I ask, does anyone think this was all planned and done for nothing?

OK lets do a small bit of math...1 m dinar at 1170. to buy say 1000 dollars.just a example. Then LOP comes. 25k becomes 25 dollars. 1M dinar divided by 25k =
40 by 25 make that 1 to 1 and you get 1000 dollars. a total break even. for us it would be less with the fees and such. We may not count you and I, but think about the big players who did set this up ...they get break even also. What would have been the point?

Iraq will be a financial powerhouse in the future. Even the Bible says so. That is not to say they will wield great power other than financial also. They won't. As to your question about the in country Iraqis that hold dinar. What do you think the HCL is about...Profit sharing! just like Saudi Arabia. Those peeps dont really NEED to work they are compelled to. They still get paid plus the "profit sharing". Some of forget this little said fact to be...There may not be (in Iraq) a country of all millionares but NONE will be hungry, cold. or have to do without ever again. This is what this war will give to them. That in itsself is untold wealth is it not?

Strong currency...That could be a dollar to the dinar or 25 cents or more even. what it will be one can only guess and ANY that tells you they know are guessing or lieing, unless they are attached to the Bush peeps or the GOI, CBI, PTB etc. A strong currency is not what the guru's and others like to proclaim. The reason the U S has had such a strong currency for so long is simple...The peeps work and PRODUCE, that is until the workforce here decided that they were entitled to everything for nothing. The people of Iraq (contrary to popular belief) are primarily well educated and very proud, they would love the chance to work and make their own way, and will.

Delete the zeros...To get them out of circulation in country Iraq as much as s
possible TAKE THEM OUT OF CIRCULATION like the U S 1000 bill simple and clean cut. Nothing more. Nothing less.

Redenomination... We have already seen this (Partly) The dinar we hold IS THE NEW DINAR, I believe completely the lowers are stashed away waiting their debut. Look at this...It costs Millions to design, plate and print a new currency, along with the added expense of letting it out and retriving the old. Why in the world would the PTB and all have wasted millions to put one in just to take it back out a few short years later, just to spend more millions to replace? NOT. When the lowers come out then and only then the 000's will be removed (completely) from service with the exception of large central bank transfers around the world.

Bottomline is that this will be a event to remember. Keep the faith in that God takes things that are not all together right and makes them right. Keep the faith that there is no possible way the PTB and such, would even begin to have considered this to become a lop. The PTB did not do all this for a pittance. They want to get paid and if we small peeps get some, oh well they will be looking later, for a way to TRY and take it. I say GOOD LUCK. That executive order was put inplace so a few cronies could get a piece of the pie but someone opened their mouth and may not even be alive still. That is how we know. So again the PTB had to let us a share, I am sure they don't like it but to stop us there cronies suffer along with.

This is my opinion and I BELIEVE in the dinar wholly and that God has us here for a reason. A reason that is not to have been for nothing. Rest, read the news articles they will be good form you. Stop argueing. Stop bothering the banks. It will come.

...I hope this helps I love you all so, so, love each other and yourself...rick152

by **dinarstar** Sun Feb 12, 2012 1:30 am

Thank you Rick for taking the time,and putting so much genuine effort into explaining your thoughts on this,it is very much appreciated,and I will be reading it over more than once,as I am sure many of the members will too.
It is a very complicated cloak and dagger affair to be sure,but with the dedicated efforts of members such as yourself,miske and all the mods,lights will begin to come on as I negotiate my way through this twilight,until the conclusion finally unfolds in the light of God's Day at the end of the tunnel,and the new journey will begin.
We are family here,we have a bond and love and fellowship that will take us through,and your patience in compiling your post stands as testament to that.
Blessings to all.

by **rick152** Sun Feb 12, 2012 1:33 am

I am overwhelmed by you gracous pesponse. Thank you
...rick152

I did make this as a post in this section...Can we make this a sticky? please ask Miske for me Thanks

by roadkingrider Sun Feb 12, 2012 5:47 am

Redomination IMO only applies to in country. Shabibbi has done an outstanding job getting the 000 notes off of the streets in order to release the lower denoms. I can see the 000 being lifted from the notes in incountry only so as to not make the average Iraqi citizen wealthy after a RV. Shabibbi will then IMO want to retire the out of country notes and bring them in at an exchange rate of 1 to 1. IMO our notes will not be worthless but we will have a window of opportunity for cash in. The notes we hold are legal tender as is our old 000 notes and IMO they will not become worthless after the in country redenomination. I truly believe Uncle Sam is waiting to get into our pocketbooks and collect 35% on taxes. Didnt O recently propose a higher tax rate on the rich? Do you think this is a coincidence? Just image the revenue created by this investment not just by our country but a way out of the economic turmoil and a new term for O. All of a sudden the world economy has turned around as most people dont know about this op and will give all of the credit to O and Bam he's in for a second term. All possibilities are on the table but IMO the redomination will only apply to in country 000 notes and our 000 notes will be worth 25k USD but only for a short period of time

by **az-tex** Sun Feb 12, 2012 7:21 am

I had posted this at Miskebam's other forum, but it fits this discussion as well:

For what it's worth...

I too hope for an RI/RV... however let's look at this realistically...

Iraq
is a Muslim nation who would like nothing better than to stick it to us
"Infidels" (Christians, and any other non Muslim). They can't even
stand each other, much less the outside world... :shock: :shock: :shock:

I
have resigned to the fact that since there is ABSOLUTELY NOTHING I can
do or say to change or trigger whatever is going to happen, I will wait,
and PRAISE God for anything that comes my way from this speculative
investment...

:cheers: :cheers: :cheers:

by **Kevind53** Sun Feb 12, 2012 9:06 am

roadkingrider wrote: Didnt O recently propose a higher tax rate on the rich? Do you think this is a coincidence?

Actually, yes. Taxing the rich and wealth redistribution has been a core principle of the Democratic party for years. That's what socialists do, take away from those who produce the wealth and redistribute it to those who do not. So, yea it was a coincidence, just that he is in office is a coincidence.

by **Kevind53** Sun Feb 12, 2012 9:27 am

az-tex wrote:I had posted this at [b]Miskebam's other forum, but it fits this discussion as well:

For what it's worth...

I too hope for an RI/RV... however let's look at this realistically...

Iraq is a Muslim nation who would like nothing better than to stick it to us "Infidels" (Christians, and any other non Muslim). They can't even stand each other, much less the outside world... :shock: :shock: :shock:

I have resigned to the fact that since there is ABSOLUTELY NOTHING I can do or say to change or trigger whatever is going to happen, I will wait, and PRAISE God for anything that comes my way from this speculative investment...

:cheers: :cheers: :cheers:

Wisdom ...

And we know that all things work together for good to those who love God, to those who are the called according to His purpose. (Ro 8:28).

Therefore I say to you, do not worry about your life, what you will eat or what you will drink; nor about your body, what you will put on. Is not life more than food and the body more than clothing? For after all these things the Gentiles seek. For your heavenly Father knows that you need all these things. But seek first the kingdom of God and His righteousness, and all these things shall be added to you. Therefore do not worry about tomorrow, for tomorrow will worry about its own things. Sufficient for the day is its own trouble. (Mt 6:25, 32–34)

And God is able to make all grace abound toward you, that you, always having all sufficiency in all things, may have an abundance for every good work. As it is written:
“He has dispersed abroad,
He has given to the poor;
His righteousness endures forever.”
Now may He who supplies seed to the sower, and bread for food, supply and multiply the seed you have sown and increase the fruits of your righteousness, while you are enriched in everything for all liberality, which causes thanksgiving through us to God. (2 Co 9:8–11)

Be anxious for nothing, but in everything by prayer and supplication, with thanksgiving, let your requests be made known to God; and the peace of God, which surpasses all understanding, will guard your hearts and minds through Christ Jesus. Finally, brethren, whatever things are true, whatever things are noble, whatever things are just, whatever things are pure, whatever things are lovely, whatever things are of good report, if there is any virtue and if there is anything praiseworthy—meditate on these things. (Php 4:6–8)

If we keep our eyes on Him, focus on the greatest commandment, and do His will ... then: ... my God shall supply all your need according to His riches in glory by Christ Jesus. (Php 4:19)

by Joyman3:27 Sun Feb 12, 2012 9:32 am

Amen !!!!!!!!

by Guest Sun Feb 12, 2012 10:09 am

It makes one go HHHHmmmmm, why did they put "May" in the header? when it makes no sense! AJ

by **Terbo56** Sun Feb 12, 2012 10:16 am

It should read 'My- She hit one key too many!

by zonepirate Sun Feb 12, 2012 3:34 pm

dinarstar wrote:Rick,I see where billcon is going with this,and it's thought provoking.
What you are saying is an IQD25000 note at a rate of 1 to 1 would still be worth $25000?
If I understand billcon's post correctly,if the 000's are deleted,at the same exchange rate of 1 to 1,that note would be worth $25 if the 000's are dropped before the RV.
What I was asked the other day by a friend was also interesting,it has probably been covered before,but I will mention it here.
Iraqi's have in their possession IQD and USD.
Would it not be in their interest to use USD and stash their dinar in anticipation of an RV?
If the RV occurs before dropping the zero's,almost the entire population will become mega-wealthy overnight.
This in itself could create domestic problems.
If the IQD RV's after the 000's are dropped,even at a higher rate of say,3 to 1,then not at all.
A 25(000) dinar note would go from $25 to $75.
Then Iraq would have an acceptable currency,stronger than the USD,and we would be in profit,although significantly less so than anticipated.
There are those with a far more sophisticated understanding of this process than I,but I believe that no matter what happens,first,it will be for the benefit of Iraq,and completed only when they are good and ready.
I pray Rick,that your scenario is the correct one.

I hope rick is correct too but all the articles are pointing to a re-denomination (LOP) then possibly a revaluation of the new currency just as you have described. The articles have pointed out that the new currency will have the Arabic and Kurdish on the new notes. I was a firm believer that a revaluation was going to happen until I studied the many articles for myself. I have asked several time for articles or some other proof that a LOP is not going to happen. Nothing would make me happier than for a LOP to be disproven but as an investor you just have to look at the facts and be wary of pure opinion (and pumping) that shows up on all the forums. This is a good thread for the newbies to read http://dinardaily.forumotion.com/t17481-re-denomination-a-very-real-possibility-and-it-s-nothing-to-be-afraid-of

by DevaronDLH Sun Feb 12, 2012 5:29 pm

Do these people know how to do anything straight forward? Are you sure they are Arabs, they talk like snakes. If they wait for two more years to roll by I believe there will be very little left of Iraq, its government, leaders and its so called civilization. Perhaps the global lesson that the elitist folks are about to learn is when enough is enough and whn you push it beyond this point there will be heck to pay in more ways then one... The leaders of Iraq, are lazy minded and corrupt to the core... as I recall its old name was Babylon, and it was already destroyed once... If these "leaders" keep screwing with the economy of their people, their country and the world i believe it will come back very harshly this time and history will repeat itself.

by HeadNotTheTail Sun Feb 12, 2012 9:02 pm

Do we Have any real...I mean REAL DROP DEAD DATE.....or is this capable going on for ever???????? affraid

by **rick152** Sun Feb 12, 2012 9:24 pm

I dont think this will go on forever

Other side of the coin. S Korea during the Korean war was devalued and did NOT ever reval

The difference between Iraq and S Korea??? >>>Is the amonut of trade "Difference" Iraq will do vs S Korea

We will see Iraq do it's thing...I BELIEVE ...rick152

My Dinar Is Equal To The Dollar!