RV announced 0.86 Truth or Fiction

happywelshguy wrote:I have just reviewed 31 separate posts on Dinar Guru, between yesterday and today, posted by many notable Guru's, that we are all aware of.

Of course the information between the Guru's are quite varied, which is understandable, as each Guru has their own source, (but which may also be shared) by other Guru's.

Yesterday, there was a post "Announcing The RV at a rate of 0.86."which according to the poster, was the only information provided by a Guru, to be proven accurate as the information came directly from an Iraq newspaper.

This announcement caused much fervor between the members and what I found interesting was that none of the 31 posts, that I refer to, indicate a rate of 0.86.

The rates discussed were $3.75, $4.40, to Rate is Extremely High, to a post by Bear5642, that if I'm interpreting the post correctly states: And When I tell You It's "HUGE" it's An Understatement.

I guess this post may be considered a little long winded, but the point i'm trying to get to is a question which is. Has the rate of 0.86 been confirmed as accurate or, has this been debunked?

It seems as though all comments have stopped, as I cannot find any post either confirming or, debunking the info.

Have I missed anything while enjoying my anniversary yesterday?

happywelshguy wrote:I have just reviewed 31 separate posts on Dinar Guru, between yesterday and today, posted by many notable Guru's, that we are all aware of.

You should read more articles and not just listen to the gurus because most of the articles have stated the $.86 for a few years. Iraq has never said they will be at prewar rates off the bat. Just that plan to return to that value.

PALMER01 wrote:HWG;

"The post created a variety of comments, but to the best of my knowledge andbelief, No Guru, has replied to the post and in my opinion, it's just been left hanging. "

I think we're all just "Hangin on". Until we can race to the bank.

"First and Only Post By a Guru, That Can Actually Be Proven To Be Correct."


Proven by whom?

Alchemist wrote:Didn't the Iraqi Ministry of Planning mention a rate of .86 over a year ago? I cannot find the site, but recall it. It also mentioned a 3.22 rate. I wonder if one is a lop and the other a graded revaluation process. An RV would be great, though, straight to .86!

obiewon wrote:.86 is NOT low! I would love .86 heck I would take .50 I mean think about it, We invested 1,100 buck per Million and I stand a chance of making 860,000 dollars per IQD million. I'd say thats a great return.

I'm not a heavy hitter and I'm just a guy with 3 kids and another baby on the way (my poor wife...Ha Ha) .86 would make my life a little less stressful.

Come On RV!!!!!!!!!!

Alchemist wrote:I am prepared for a 'lop.' If anything better turns up, even an one cent RV, I will be extatic. If I plan for the worst case scenario, I'm thinking like the wealthy. It's time to develop other income streams. Heck, it's always time to develop income streams!

Cheers!

GoodGosh wrote:Ok, Ok.... I can see where the .86 cents comes from. It is people who look at the current value, .000856898....so basically we will call this .ooo86 and see this at .86. Well in truth, I think .86 actually equals 1.16 or something like that. When all the discussion came out about "raising the three zeros" people thought it means pulling the three zeros over and the rate now becomes .86. This is not what was really meant. You have to remember in America we take everything literally and in ME they mean thing figuratively.

Now, my next question is WHY would they revalue at such a low rate??? I for one would take about $50,000 dinar and exchange to pay my debt etc and then use the rest of my investment to buy larger amounts of IQD. The idea of them coming out low, like .86 is rediculous because there are too many savvy people invested in this that will spot this and take advantage of the opportunity.

If you look at that document on IQD Teams Website titled The Future of Iraq Project - they actually have financial projections based on 8.40 per dinar. Hmmmm, I think the whole .86 thing is thrown out there to throw people off course.

JMHO

yoursoulknows wrote:GoodGosh,

From my understanding your assessment is exactly correct - it's not a 'lopping' of 3 zeros (to make 25,000 turn into 25 dinar) but rather a 'deletion of 3 zeros' the way you stated... .00086 to .86.

When it comes to "why they would revalue so low?" - there are many reasons they would or could do this. Firstly because they are an emerging nation - just starting the rebuilding process after years of dictatorship and war. They have to be able to afford the RV - and they have 30+Trillion Dinars in circulation - that is a massive amount of money to change over to .86 much less $3. So they will be able to support a higher currency as their oil/gas/mineral industry grows, and their infrastructure builds. Secondly Iraq wants to de-dollarize their country, all products are currently priced in USD and IQD - so it would make it much less confusing, for both merchants and customers, to have the dinar come in at a rate close to the USD. Another reason is to get many people/countries who hold dinar cashing in, even partially - which would happen, even at .86, imo.

When it comes to holding dinar that is each persons choice to make.... it's a volitile region with loads of corrupt politicians and much turmoil - anything can happen, at anytime... imo. The situation between Israel and Iran won't just go away... there are problems in Syria, in Libya, in Egypt, and in Iraq too... I've thought about what I'm going to do if it is .86 - a bird in the hand...? lol. At .86 it is over 700x our initial investment, to wait for it to go to $3 may be risky, especially when one can find investments that will triple or quadruple (or more) in the next few years. I'm certain I will not see an investment that makes me 700x's my money as easily as I may see one that gives me 3x - 4x my money. Losing it all does not appeal to me, at .86 I would cash out minimum 80%, maybe even all... We each must do what we feel is right for us... it could come out low (at .86) and move up to $8 over the next few years, who knows? Iraq could also say all 3 zero notes have 90 days to be turned in, we don't know... put it this way - I can't see the PTB wanting us to get more than they 'think' we should get...

In closing I'll say I actually believe it will come out higher than .86 but do not believe in the $8 stuff floating around. There is NO currency in the world worth even half that, so it's a pipe dream imo. Could it show up at $3 - $4? That's a possibility... and I'm all out if it came in there - but even $1 or .86 is a fantastic return. I also think (based on factual info) that it will RV very soon... I pray it does, and whatever it comes out at - I'm thankful to have even been involved... ! YSK

GoodGosh wrote:Ok, Ok.... I can see where the .86 cents comes from. It is people who look at the current value, .000856898....so basically we will call this .ooo86 and see this at .86. Well in truth, I think .86 actually equals 1.16 or something like that. When all the discussion came out about "raising the three zeros" people thought it means pulling the three zeros over and the rate now becomes .86. This is not what was really meant. You have to remember in America we take everything literally and in ME they mean thing figuratively.

Now, my next question is WHY would they revalue at such a low rate??? I for one would take about $50,000 dinar and exchange to pay my debt etc and then use the rest of my investment to buy larger amounts of IQD. The idea of them coming out low, like .86 is rediculous because there are too many savvy people invested in this that will spot this and take advantage of the opportunity.

If you look at that document on IQD Teams Website titled The Future of Iraq Project - they actually have financial projections based on 8.40 per dinar. Hmmmm, I think the whole .86 thing is thrown out there to throw people off course.

JMHO

Labrann wrote:Just noticed a change in the FOREX post … -0.09 on the US/Dinar exchange page. Any ideas on what that means?

GoodGosh wrote:Ok, Ok.... Well in truth, I think .86 actually equals 1.16 or something like that. When all the discussion came out about "raising the three zeros" people thought it means pulling the three zeros over and the rate now becomes .86.