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Guru MilitiaMan  says A program rate is by far, sub par.   DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Guru MilitiaMan says A program rate is by far, sub par.

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Post by Ponee on Sun Apr 21, 2019 7:30 pm

Guru MilitiaMan 

Article:  "The opening of the first Iraqi bank in Saudi Arabia and cooperation includes security and intelligence"  It was a big day.  We learned not only did the Citizens and even the Kurds get their pay on time electronically and through out the 04/08/2019 - 04/18/2019 time period, then the ITB did a ribbon cutting bank ceremony and were somewhat vague on when they would open branches once done bragging about it, just as the Rasheed Bank was vague as well. Why be vague? Smart move...Imo. 

 Yet today, the ITB forecasts mid May to be open and be operational for investors in and out of the Kingdom?   Well, imo there is a possible logic for that.    It is an Iraq Bank in a foreign brotherly land. Therefore, they will need to meet the needs of both brothers, imo.  ...We also should know by now that investors that trade internationally and by the same international standards, typically trade in quality and not at "Sub Par". A program rate is by far, sub par.  

04.21.2019

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Post by Sam I Am on Mon Apr 22, 2019 3:09 pm

The term "program rate" is just the term used by the IMF in reference to the nominal ("named" or "assigned") rate determined by the central bank of the country the IMF has issued a loan to.  It doesn't suggest anything in the sense of being overvalued or undervalued, but it's generally accepted that the IMF monitors the financial dealings of their borrower nations to make sure everything's legit.  The guru notion that "program rate" refers to an artificially low temporary rate is nonsense.  The IQD is rightly valued at less than 1/10 of a penny and it will remain there until it is replaced.

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Post by TWW III on Mon Apr 22, 2019 5:31 pm

It is a shame that everyone that makes a post here, except u, is an idiot, nonsense, fool any everything other name calling them shows how you only think of urself as the only one that knows it all...shazzzzam smarty pants. I wish u'd have something nice to say abt others, it must be beneath you to do so.

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Post by oldmanskull on Mon Apr 22, 2019 5:48 pm

TWW III wrote:It is a shame that everyone that makes a post here, except u, is an idiot, nonsense, fool any everything other name calling them shows how you only think of urself as the only one that knows it all...shazzzzam smarty pants. I wish u'd have something nice to say abt others, it must be beneath you to do so.
good for you someone needs to put these cabbagehead in place

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Post by Sam I Am on Tue Apr 23, 2019 3:32 am

TWW III wrote:It is a shame that everyone that makes a post here, except u, is an idiot, nonsense, fool any everything other name calling them shows how you only think of urself as the only one that knows it all...shazzzzam smarty pants. I wish u'd have something nice to say abt others, it must be beneath you to do so.

I have plenty of good to say about good people like Ssmith, RamblerNash, Ponee, Marcus Curtis, Nick Giammarino, TNTBS, PurpleSkyz ... etc. (sorry if I left some out)  But I don't have anything good to say about scammers, and it's scammers who are driving the RV fantasy.  No I don't know everything, but I know that the program rate isn't artificial and that the IQD isn't undervalued.  Take a gander at what Wikipedia says ...

"There is considerable confusion (perhaps intentional on the part of dinar sellers) around the role of the International Monetary Fund in Iraq. The IMF as part of the rebuilding of Iraq is monitoring their finances and for this purpose uses a single rate (not a sell/buy) of 1170 dinars per dollar. This "program rate"[3] is used for calculations in the IMF monitoring program and is not a rate imposed on Iraq by the IMF. For a wider history surrounding currency in the region, see British currency in the Middle East."  https://en.wikipedia.org/wiki/Iraqi_dinar

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Post by Jayzze on Tue Apr 23, 2019 9:06 am

does it matter what the rate is things are not going to change in iraq the poor get pooer and the goi gets richer.but I do I have a great idea for for you go to Disney world where dreams do come true instead of reading the bs of the guruslies that get you up and come crashing down .
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