Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchFAQLog inRegister
Follow us on TWITTER
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Post new topic   Reply to topic
Share | 
 

 It's All About The Zeros

View previous topic View next topic Go down 
AuthorMessage
Sam I Am
GURU HUNTER
GURU HUNTER
avatar

Posts : 1113
Join date : 2016-01-21

PostSubject: It's All About The Zeros   Tue Oct 04, 2016 2:29 pm

When the Iraqi dinar investment scam began shortly after the IQD was introduced in late 2003, the anticipated revaluation was peanuts compared to what people were predicting five years later or more.  A dime was about all that most hoped for, but a few bold souls dared to argue for an RV to the value of Saudi Arabia’s currency at a little under 30 cents.

When the articles on “deleting three zeros” began to appear in 2009, the dinar dealers and dinar pumpers were in a tight spot.  How do we keep selling dinar when Iraq is talking about doing a redenomination?  The solution they came up with was devious but effective.  They would tell dinarians that “deleting three zeros” doesn’t mean redenomination.  It means that the three zero notes will be “deleted” (or removed) from circulation.  All the references to removing three zeros were referring to the larger denominations of 1K, 5K, 10K, and 25K notes that would be withdrawn from circulation after the RV.  (They somehow overlooked the fact that the 10K note actually has four zeros rather than three, but nobody seemed to notice.)  The new bills that they introduce will be lower denominations of 1, 5, 10, 20 … etc. just like the US dollar.  It also means that they will remove three zeros from the value of $.00086, which will produce a new value of 86 cents, again in a revaluation rather than a redenomination.

Although this explanation didn’t fly with some nervous dinarians, the vast majority seemed to embrace the idea, and the thought of experiencing a 100,000% increase instead of a measly 10,000% sent dinar sales into overdrive, increasing exponentially in 2010 and 2011 as a result.  Dinar dealers and pumpers were thrilled, and they decided that since this scheme worked so well with the dinar, they might as well use it for other currencies.

.........................

https://iraqcurrencywatch.com/2016/10/03/its-all-about-the-zeros/

*****************
Busting Gurus Since 2011

Back to top Go down
View user profile http://www.jewandgreek.com Online
RamblerNash
GURU HUNTER
GURU HUNTER
avatar

Posts : 7945
Join date : 2015-02-19

PostSubject: Re: It's All About The Zeros   Tue Oct 11, 2016 7:54 pm

Back to top Go down
View user profile
 
It's All About The Zeros
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You can reply to topics in this forum
Dinar Daily :: THE FAMILY ROOM :: GENERAL DISCUSSION-
Post new topic   Reply to topicJump to: