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Delta says that as of today they are NOT trading internationally
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Delta says that as of today they are NOT trading internationally
Guru Delta
the information from the CBI which was announced on Iraqia TV; read in Arabic first, and then translated that the CBI is about to introduce the coins, there are 7 coins, and likely the 1 and 2 dinar coins will come out first; IMO, the CBI will gradually roll out the coins as the rate increases. On Iraqia TV, the CBI said they are ready to delete the 3 zeros; the coins are at banks ready for release; the 5 trillion in new notes with the Kurdish language are ready for distribution. ...it will not take 5 years to raise the VALUE, they will take 5 years to pull in the 3 zero CURRENCY; it will still be legal tender, but will be phased out, replaced with the lower denoms as the rate increases. IMO, the rate needs to be on par or higher than Saudi Arabia’s riyal (SAR), and it’s possible, IMO, to see the rate come out at any time.
...looking at the ISX, they have changed to Xstream, yet as of today they are not trading internationally; however, as of Oct 24, the Arab Federation of Exchange does have the ISX and IQD appearing for the first time – with no rate; everyone is waiting for the rate. IMO, the rate has to change before any implementation of their plans. Representative of the finance committee related that the rate will increase gradually so as not to confuse the Iraqi citizens. IMO, the rate will come out around $0.25 - $0.35 and gradually increase...the CBI is saying they are ready to go now, not a year or two years from now; no matter the rate that it comes out at, it will increase rapidly...within months possibly, and the lower denom coins will roll out in conjunction with the lifting of the 3 zeros – this means the VALUE must increase. [post 2 of 2]
the information from the CBI which was announced on Iraqia TV; read in Arabic first, and then translated that the CBI is about to introduce the coins, there are 7 coins, and likely the 1 and 2 dinar coins will come out first; IMO, the CBI will gradually roll out the coins as the rate increases. On Iraqia TV, the CBI said they are ready to delete the 3 zeros; the coins are at banks ready for release; the 5 trillion in new notes with the Kurdish language are ready for distribution. ...it will not take 5 years to raise the VALUE, they will take 5 years to pull in the 3 zero CURRENCY; it will still be legal tender, but will be phased out, replaced with the lower denoms as the rate increases. IMO, the rate needs to be on par or higher than Saudi Arabia’s riyal (SAR), and it’s possible, IMO, to see the rate come out at any time.
...looking at the ISX, they have changed to Xstream, yet as of today they are not trading internationally; however, as of Oct 24, the Arab Federation of Exchange does have the ISX and IQD appearing for the first time – with no rate; everyone is waiting for the rate. IMO, the rate has to change before any implementation of their plans. Representative of the finance committee related that the rate will increase gradually so as not to confuse the Iraqi citizens. IMO, the rate will come out around $0.25 - $0.35 and gradually increase...the CBI is saying they are ready to go now, not a year or two years from now; no matter the rate that it comes out at, it will increase rapidly...within months possibly, and the lower denom coins will roll out in conjunction with the lifting of the 3 zeros – this means the VALUE must increase. [post 2 of 2]
Last edited by Ponee on Sat Nov 01, 2014 11:52 am; edited 1 time in total
Ponee- Admin
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Re: Delta says that as of today they are NOT trading internationally
Does not mean a thing ... IF the lopsters are correct, once the zeros are dropped that 25,000 dinar note with a value of about $20.00 will become a 25 dinar note with a value of ... you guessed it $20.00. Thus small denominations and coins would clearly be needed. Your logic is so flawed I can only conclude you are blindly following the liars or deliberately lying, and given your status with Phoney, I have to assume the latter option is the most probable.
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Kevind53- Super Moderator
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Re: Delta says that as of today they are NOT trading internationally
Well this is how I see Delta, Him and Frank are 2 peas in a pod, as Okie would say Nuff said
RoyBoy- VIP Member
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