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From Adam Montana today
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Troyboy
Kevind53
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From Adam Montana today
He said - "5-9-2013 Newshound Guru Adam Montana [If the dinar RVs at 1$ to 1D, why would their be a time limit to exchange the dinar?] As far as we know, when they change the rate or remove the 0's, they will also be replacing the currency with "New" Iraqi Dinar bills. When they do that, the goal will be to phase out the "Old" (current) currency. Most likely, they will do this over a 3-6 month period, as most countries do when they introduce new currency. I don't think we have to be concerned about it being "illegal" to have the old currency, but if we don't cash in before they stop accepting it, all of our bills will be just like the old Saddam notes... worthless.
Well, like i said before...this could easily happen as well....deleting three zeros “could” means 1:1000. A 10,000 dinar note becomes a 10 dinar note. 10,000/1000=10. A 10 dinar note for every 10,000 dinar note exchanged or 1 dinar in new notes for every 1000 dinar exchanged. They could bring the exchange to 1:1000. we then have one year to exchange the notes.... Then after that year is up, they will value the dinar 1:1 with the dollar. So you exchange your 1,000,000 old dinars for 1,000,000 new dinars (granted you make a few dinars from rate increase). The new 1,000,000 dinars become 1000 dinars valued at 1000 dollars when the revalue occurs of 1:1.... :(
Well, like i said before...this could easily happen as well....deleting three zeros “could” means 1:1000. A 10,000 dinar note becomes a 10 dinar note. 10,000/1000=10. A 10 dinar note for every 10,000 dinar note exchanged or 1 dinar in new notes for every 1000 dinar exchanged. They could bring the exchange to 1:1000. we then have one year to exchange the notes.... Then after that year is up, they will value the dinar 1:1 with the dollar. So you exchange your 1,000,000 old dinars for 1,000,000 new dinars (granted you make a few dinars from rate increase). The new 1,000,000 dinars become 1000 dinars valued at 1000 dollars when the revalue occurs of 1:1.... :(
Lopster- Forum Friend
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Join date : 2013-04-21
Re: From Adam Montana today
Or not ... only time will tell ....
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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Re: From Adam Montana today
Time, Time, Time... all we do is put in time. Ten years of my life in this.
Troyboy- Elite Member
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Re: From Adam Montana today
Not as long for me, but I am almost out of time. I really have to start thinking it is ever going to amount to anything and get moving in a more productive direction.
Levitations- Elite Member
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Age : 34
Re: From Adam Montana today
start giving it a real thought i dumped most of mine and reinvested i broke out a little above what i paid they only thing in the next year or two is more bs
Jayzze- VIP Member
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Re: From Adam Montana today
5-9-2013 Newshound Guru Adam Montana [you have always stated that you expect the dinar to RV at a rate of about $.10. Everyone states that Iraq is so rich and has the 3rd or 2nd (depends on which article that you read) largest oil reserves in the world. So, due to this huge wealth, you will read expectations of an RV for anywhere from $1 to $3.86...why are the expectations so high for the RV in Iraq?] To me, .10 to $1 makes sense and would be an easy transition. Anything higher is probably a "pie in the sky" or wishful thinking, as they have no need to go that high.
Read more: http://www.dinarguru.com/#ixzz2SqtArgUZ
Read more: http://www.dinarguru.com/#ixzz2SqtArgUZ
Troyboy- Elite Member
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Re: From Adam Montana today
Troy, I came into this myself early 2006 thinking the range would be .10 to .33 cents. Especially when the math guys got a hold of the amt of currency.. Even back then there was 24 to 27T in circulation. Pie in the sky is right. I had already said in an early post the percentage increase from where it is now to 1 buck is ridiculous.
Lopster- Forum Friend
- Posts : 113
Join date : 2013-04-21
Re: From Adam Montana today
The only thing that makes me think this could ever happen is because of what the US holds...
andy1979uk- Elite Member
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Re: From Adam Montana today
And what bush said..
andy1979uk- Elite Member
- Posts : 465
Join date : 2013-06-04
Re: From Adam Montana today
Im not so sure if I would believe anyone named Bush. But thats just me. And the odds of the dinar ever coming to fruition are slim and none. It just appears to be something else to keep Americans minds off the real truth. But hey.......I could be wrong....
topspin2- Elite Member
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