Re: Rays update by SteveI on Peoples Dinar "Best news yet!" - February 20, 2012 @ 06:36 PM

by HeadNotTheTail Tue Feb 21, 2012 7:57 pm

Ponee you are the Greatest On here...I Love you ...... bigsmile

by Guest Tue Feb 21, 2012 8:13 pm

HeadNotTheTail wrote:The No Lop ,,,VP of CBI STATED!!!!! Yesterday That when the New Currencies come out in SEPT. Or by the. That the Lower demon's will Hold Face Value ...Goto Dinardaddy under chats and Post and goto Brieghtlings Radio show where it says GREAT news and You will be VERY VERY VERY Happy at what you here. Go check it out , I have been Dancing all day.........

Great news if that's what it means.

by HeadNotTheTail Tue Feb 21, 2012 8:24 pm

That's what that means,and also that RV before SEPT. WOOOOOOOHOOOOOWOOOOOO....Night all.

by hithere Tue Feb 21, 2012 8:29 pm

So we should defenitly see this by September?

Yeah not gonna hold my breath. Just read an artilce that the deletion of the zeros will not happen in the middle of a fiscal yr but at the begining. Can we all say ... take iraqs word with a grain of salt.... think its the saying-whatever.

by therealbutterfly Tue Feb 21, 2012 8:29 pm

HeadNotTheTail wrote:The No Lop ,,,VP of CBI STATED!!!!! Yesterday That when the New Currencies come out in SEPT. Or by the. That the Lower demon's will Hold Face Value ...Goto Dinardaddy under chats and Post and goto Brieghtlings Radio show where it says GREAT news and You will be VERY VERY VERY Happy at what you here. Go check it out , I have been Dancing all day.........

Please show me what article you have that shows the VP saying no lop. The currencies coming out in Sept MIGHT be this sept or NEXT since many articles have stated 2013. Some articles also state the start of the fiscal year of 2013. Where do you see that anything says the lower denoms will hold face value? Thats a new one to me and I would LOVE to see that cuz that would indicate not a lop. But since they are stating they will be introducing NEW currency (with 3 languages on it) and one of the denominations is going to be another 50 dinar note, that tells me that its a lop. And sorry, I wont listen to what a guru says (Breitling) about something when he has pumped this and the dong for years. Cant deal with someone who I know has blatantly lied. JMHO

by therealbutterfly Tue Feb 21, 2012 8:31 pm

hithere wrote:So we should defenitly see this by September?

Yeah not gonna hold my breath. Just read an artilce that the deletion of the zeros will not happen in the middle of a fiscal yr but at the begining. Can we all say ... take iraqs word with a grain of salt.... think its the saying-whatever.

Exactly. I cant tell you how many different dates they have given since 2006 on when they will redenominate. They switch it up so much I dont think they really know. Trying to zone in on a date is like trying to nail jello to a wall. Just cant do it.

by Guest Tue Feb 21, 2012 9:29 pm

Nailing jello to a wall is easy...so does that mean no lop...lol.

by **dinarstar** Tue Feb 21, 2012 9:33 pm

punisher wrote:Nailing jello to a wall is easy...so does that mean no lop...lol.

Nope!!......it means..soon to be....a ....plop hemademe

by therealbutterfly Tue Feb 21, 2012 9:35 pm

punisher wrote:Nailing jello to a wall is easy...so does that mean no lop...lol.

LOL!! Yep! hehehehhehe

by HeadNotTheTail Tue Feb 21, 2012 10:07 pm

Butterfly Your pretty groupdance

cool..lol

by **dinarstar** Tue Feb 21, 2012 10:12 pm

Yeppppppp!!
That is our butterfly!! 8) 8) 8)

by raidernick Tue Feb 21, 2012 10:32 pm

therealbutterfly wrote:
HeadNotTheTail wrote:The No Lop ,,,VP of CBI STATED!!!!! Yesterday That when the New Currencies come out in SEPT. Or by the. That the Lower demon's will Hold Face Value ...Goto Dinardaddy under chats and Post and goto Brieghtlings Radio show where it says GREAT news and You will be VERY VERY VERY Happy at what you here. Go check it out , I have been Dancing all day.........

Please show me what article you have that shows the VP saying no lop. The currencies coming out in Sept MIGHT be this sept or NEXT since many articles have stated 2013. Some articles also state the start of the fiscal year of 2013. Where do you see that anything says the lower denoms will hold face value? Thats a new one to me and I would LOVE to see that cuz that would indicate not a lop. But since they are stating they will be introducing NEW currency (with 3 languages on it) and one of the denominations is going to be another 50 dinar note, that tells me that its a lop. And sorry, I wont listen to what a guru says (Breitling) about something when he has pumped this and the dong for years. Cant deal with someone who I know has blatantly lied. JMHO

With regards to individuals like Breitling – keep in mind the line that they are crossing. I have been aware of this for a while but I just ran across a great summation…

“Any person who is affiliated with one of the dealers who hold the much misunderstood Money Service Business registrations with the US Treasury, and who gives what could be considered investment advice or speculates on any future profit potential is in violation of the law that their permit is issued under. Those businesses are specifically forbidden to give investment advice, their transactions as a money service business is strictly to provide transfer agency type transactions”

The state of California just recently went after and shut down “US Dinar Bank” for these violations.

by HeadNotTheTail Tue Feb 21, 2012 10:40 pm

Posted: February 20, 2012 in Iraqi Dinar/Politics, Top Headlines
Tags: Baghdad, Central Bank Iraq, Council of Representatives of Iraq, Economy of Iraq, Iraq, iraqi, Iraqi dinar, Monetary policy
20/02/2012 10:15
BAGHDAD, Feb. 20 (AKnews) – The process of removing three zeros from the Iraqi dinar and replacing current banknotes with new ones will begin in September, announced the economic committee of the Council of Representatives as part of an agreement with the Iraqi Central Bank (ICB).

The announcement, which will see the ICB re-print 30tr dinars ($26bn), was made despite government fear over the project.

Economic committee member Abdul-Hussein Abtan said: “The agreement includes granting the process of switching currency [for a] full year where [both the] old and new currencies will be dealt in the market during this stage.”

The ICB described the project as a positive move for the Iraqi economy.

But particular arms of government expressed fear that the project will increase cases of money laundering and are working to convince the ICB to stop the process.

The securities committee said deletion of the zeros will affect negatively financial trading in the stock market.

Abtan added however that the process “will contribute to dealing [with] inflation and facilitating economic cooperation with international banks and reducing social differences in the community.”

The ICB previously said that it will consider the requirements of the project with the Council of Ministers to determine whether or not a law needs to be implemented.

The financial committee of the Council of Representatives said on Sunday that the passing of such law would allow Iraq to address economic inflation.

The move to delete the zeros will reduce the number of bank notes in circulation and simplify Iraq’s payment system.

The ICB is responsible for maintaining price stability, implementing monetary policy and regulating the banking sector.

For you Butterfly

by raidernick Tue Feb 21, 2012 11:24 pm

HeadNotTheTail wrote:Posted: February 20, 2012 in Iraqi Dinar/Politics, Top Headlines
Tags: Baghdad, Central Bank Iraq, Council of Representatives of Iraq, Economy of Iraq, Iraq, iraqi, Iraqi dinar, Monetary policy
20/02/2012 10:15
BAGHDAD, Feb. 20 (AKnews) – The process of removing three zeros from the Iraqi dinar and replacing current banknotes with new ones will begin in September, announced the economic committee of the Council of Representatives as part of an agreement with the Iraqi Central Bank (ICB).

The announcement, which will see the ICB re-print 30tr dinars ($26bn), was made despite government fear over the project.

Economic committee member Abdul-Hussein Abtan said: “The agreement includes granting the process of switching currency [for a] full year where [both the] old and new currencies will be dealt in the market during this stage.”

The ICB described the project as a positive move for the Iraqi economy.

But particular arms of government expressed fear that the project will increase cases of money laundering and are working to convince the ICB to stop the process.

The securities committee said deletion of the zeros will affect negatively financial trading in the stock market.

Abtan added however that the process “will contribute to dealing [with] inflation and facilitating economic cooperation with international banks and reducing social differences in the community.”

The ICB previously said that it will consider the requirements of the project with the Council of Ministers to determine whether or not a law needs to be implemented.

The financial committee of the Council of Representatives said on Sunday that the passing of such law would allow Iraq to address economic inflation.

The move to delete the zeros will reduce the number of bank notes in circulation and simplify Iraq’s payment system.

The ICB is responsible for maintaining price stability, implementing monetary policy and regulating the banking sector.

For you Butterfly

For those of you who are trying to decipher this article… her it comes… wait for it...... LOP!
Let the grumbling begin.

by therealbutterfly Tue Feb 21, 2012 11:34 pm

HeadNotTheTail wrote:Posted: February 20, 2012 in Iraqi Dinar/Politics, Top Headlines
Tags: Baghdad, Central Bank Iraq, Council of Representatives of Iraq, Economy of Iraq, Iraq, iraqi, Iraqi dinar, Monetary policy
20/02/2012 10:15
BAGHDAD, Feb. 20 (AKnews) – The process of removing three zeros from the Iraqi dinar and replacing current banknotes with new ones will begin in September, announced the economic committee of the Council of Representatives as part of an agreement with the Iraqi Central Bank (ICB).

The announcement, which will see the ICB re-print 30tr dinars ($26bn), was made despite government fear over the project.

Economic committee member Abdul-Hussein Abtan said: “The agreement includes granting the process of switching currency [for a] full year where [both the] old and new currencies will be dealt in the market during this stage.”

The ICB described the project as a positive move for the Iraqi economy.

But particular arms of government expressed fear that the project will increase cases of money laundering and are working to convince the ICB to stop the process.

The securities committee said deletion of the zeros will affect negatively financial trading in the stock market.

Abtan added however that the process “will contribute to dealing [with] inflation and facilitating economic cooperation with international banks and reducing social differences in the community.”

The ICB previously said that it will consider the requirements of the project with the Council of Ministers to determine whether or not a law needs to be implemented.

The financial committee of the Council of Representatives said on Sunday that the passing of such law would allow Iraq to address economic inflation.

The move to delete the zeros will reduce the number of bank notes in circulation and simplify Iraq’s payment system.

The ICB is responsible for maintaining price stability, implementing monetary policy and regulating the banking sector.

For you Butterfly

Ok, not seeing what you are I guess. Where is the Vp sayin no lop?

And yes, THIS article says Sept. But several others posted today and for a few days now say NEXT sept and also have 2013 in the article. And still more articles say the start of the FISCAL year, so that means Jan 2013.

You also said something about the lower denoms having the same face value, do you have that article? I really do want to see that cuz that would ease my mind. Anything stating both currencies co-exist is clearly a lop, or at least it has been for every other country that has done it before iraq. So its hard for me to discount it when thats the precedent.

I am not trying to argue, just I am a fact person, and everything you said has been just things that the gurus say with nothing backin it up. Sorry......

by Guest Tue Feb 21, 2012 11:37 pm

This is what I don't get when some of you think L O P:

For all the banks and business that bought/hold dinar so that they could make alot of money...in essence they would be making peanuts in the end....I don't see that happening.

by raidernick Wed Feb 22, 2012 12:05 am

punisher wrote:This is what I don't get when some of you think L O P:

For all the banks and business that bought/hold dinar so that they could make alot of money...in essence they would be making peanuts in the end....I don't see that happening.

Show me the proof that banks and businesses bought Dinar and are holding it for a profit. That’s all speculation and rumor. What’s not speculation and rumor is Dr. Shabibi stating in English with his very own words that the CBI has already decided that they will redenominated.

BTW - If it LOPs and then goes 3 to 1, that’s a tremendous amount of profit money from a bank's investment point of view.

by Guest Wed Feb 22, 2012 12:11 am

I trust certain peoples word on this site and one or two of them have said that a banker has walked them into the bank vault filled with DINAR...I'm sure that is just a smaller story compared to the bigger ones...

by 1alaskan Wed Feb 22, 2012 12:13 am

LOP, LOP, LOP,

RABBIT, RABBIT, RABBIT,

Run the numbers as nick says,

if it rvs at a penny thats $10k per million for a $1200 investment, where else you goning get that, without doing anything except go online and raise your blood pressure?

by **dinarstar** Wed Feb 22, 2012 12:57 am

1alaskan wrote:LOP, LOP, LOP,

RABBIT, RABBIT, RABBIT,

Run the numbers as nick says,

if it rvs at a penny thats $10k per million for a $1200 investment, where else you goning get that, without doing anything except go online and raise your blood pressure?

......or come to oom,and raise MY blood pressure Wink

by therealbutterfly Wed Feb 22, 2012 5:46 am

punisher wrote:This is what I don't get when some of you think L O P:

For all the banks and business that bought/hold dinar so that they could make alot of money...in essence they would be making peanuts in the end....I don't see that happening.

What I dont get when people think it cant/wont lop is how the m2 can stay at 30 TRILLION and have a value of $3 per dinar? What country has a high USD value with that much in circulation? NONE! And you cant discount whats in circulation and say its smoke because its direct from the official AUDITS. Nevermind that every article clearly states how it will happen and thats what has happened for every other country that redenominated. They all had the same propaganda and informational blitz for their people and it wasnt smoke screens.

The only thing that has me at all thinkin we will make something off this eventually is the sheer magnitude of the wealth of Iraq. But I just see NO way other than a RD with a rate increase. Not with the M2 at 30 trill. And so far no one can prove that its not that high...... JMHO

by **Kevind53** Wed Feb 22, 2012 8:22 am

The article does state they are reprinting 30T dinars, but also talks of reducing the amount of dinar in circulation. Anyone know what they currently have in circulation?

by Guest Wed Feb 22, 2012 11:16 am

therealbutterfly wrote:
punisher wrote:This is what I don't get when some of you think L O P:

For all the banks and business that bought/hold dinar so that they could make alot of money...in essence they would be making peanuts in the end....I don't see that happening.

What I dont get when people think it cant/wont lop is how the m2 can stay at 30 TRILLION and have a value of $3 per dinar? What country has a high USD value with that much in circulation? NONE! And you cant discount whats in circulation and say its smoke because its direct from the official AUDITS. Nevermind that every article clearly states how it will happen and thats what has happened for every other country that redenominated. They all had the same propaganda and informational blitz for their people and it wasnt smoke screens.

The only thing that has me at all thinkin we will make something off this eventually is the sheer magnitude of the wealth of Iraq. But I just see NO way other than a RD with a rate increase. Not with the M2 at 30 trill. And so far no one can prove that its not that high...... JMHO

BUT many articles have said they want the DINAR and the USD at a 1 to 1...

by therealbutterfly Wed Feb 22, 2012 11:49 am

punisher wrote:
therealbutterfly wrote:
punisher wrote:This is what I don't get when some of you think L O P:

For all the banks and business that bought/hold dinar so that they could make alot of money...in essence they would be making peanuts in the end....I don't see that happening.

What I dont get when people think it cant/wont lop is how the m2 can stay at 30 TRILLION and have a value of $3 per dinar? What country has a high USD value with that much in circulation? NONE! And you cant discount whats in circulation and say its smoke because its direct from the official AUDITS. Nevermind that every article clearly states how it will happen and thats what has happened for every other country that redenominated. They all had the same propaganda and informational blitz for their people and it wasnt smoke screens.

The only thing that has me at all thinkin we will make something off this eventually is the sheer magnitude of the wealth of Iraq. But I just see NO way other than a RD with a rate increase. Not with the M2 at 30 trill. And so far no one can prove that its not that high...... JMHO

BUT many articles have said they want the DINAR and the USD at a 1 to 1...

EXACTLY!!! And what happens when you redenominate a 25,000 note worth $21.50 and make it the same as a 25 note worth $21.50? Its almost a 1:1. Thats how you get to a dinar equal to a dollar easy with no pain to anyone.... :(

by HeadNotTheTail Wed Feb 22, 2012 11:52 am

A Lop will simply NOT pay the bills, In the beginning they asked countries to get involved, to help turn them around with a plan to make them wealthy, There are debts to pay,Heck what was the purposed Budget for 2012 ,(117 trillion) Now you tell me where a lop will help with that Budget ...No one would buy The Dinar, in turn where would the Money come from,,,It is hard to convey this to some one that has made up their mind . But for the most part it is Just commonsense .. Let me say it like this,,,if a country could sink all their reserve into this investment, witch they can't.. and having to wait 8 years for a return, Come on guys, don't want to give our Gov. a big head But they are allot smarter than that......From now on I am calling it "L"...for the reason people see the word and get hooked on just seeing the word.... Lazy...No research.... Bring one article that proves a "L" and I'll show you TEN that say No "L" ......They know exactly how much Money is out there , Heck they Printed it and Have all the assets to Back it up and allot more. GO RV GO WOOOOOOOOHOOOOOOO

by **greenlight** Wed Feb 22, 2012 11:53 am

hithere wrote:Anybody have an idea how the IQD will hold its value with more notes out in the market?

Thought the more notes out there the less they can say their currency is valued. The less notes out there the more they can say their currency is worth. True for every country - right?

So how can both (new & old) notes coexist? Or will there be a careful turn in/out exchange? Example - turn in 1 25knote & push out 25 ND. And what of the lower notes?

Just taking a look at this from a supply/demand look on their notes?

They have stated it will be on an exchange basis. They will make the new currency available and will be doled out when the old is exchanged by either a purchase or a walk in to the bank method.
For a purchase, the merchant will give change in new currency. Then take old currency to the bank and exchange that for new currency.
There will always and only be the same amount in value of dinar in the economy.

by therealbutterfly Wed Feb 22, 2012 11:53 am

Kevind53 wrote:The article does state they are reprinting 30T dinars, but also talks of reducing the amount of dinar in circulation. Anyone know what they currently have in circulation?

The last financial records on the CBI showed over 27 trillion but they didnt post 2011 yet. But going by the articles they have said 30 trill for almost a year now so i would go with that.

Now sayin a reprint could very well mean they will reprint 30 trill but since they keep saying they are introducing new small notes to replace, that tells me its a "reprint" of a 25 note for every 25k note and so on. I could very well be wrong and I pray I am, but I cant ignore the signs...... sigh.....

by Guest Wed Feb 22, 2012 11:54 am

THEREALBUTTERFLY, I do see what you are saying...I will bold the text below and then comment:

Central Bank: the new Iraqi currency was launched in 2013

Some Iraqi currency
PUKmedia 17:17:04 2012-02-21

Iraqi Central Bank announced new measures to maintain the value of the Iraqi dinar against the dollar, said Central Bank Governor Sinan Shabibi told the «morning»: it is «given the high demand for the dollar's central bank has taken regulatory action, including a new, more restrictive».

He assured the Shabibi that «monetary policy in Iraq's okay because there are up high which is called the cover of the currency, which gives us flexibility in dealing with monetary policy based on the study of the march of the economy, inflation and rising prices, whether prices have risen significantly we will resort to tougher measures, but if increased frequency of lower prices there will be another action. "

The last few days have seen a rise in the dollar exchange rate against the Iraqi dinar, which concern the effects when some citizens, and on the process of deleting the zeros, Shabibi said: There are a lot of work and continuing in relation to the process of deletion of zeros, and will be launching the new currency in 2013. Now we have many ideas for the design of the coin and paper to reach a final form for the new currency, but it needs time to the multiplicity of designs and designers, the competition for features included in the currency.

He ruled out the central bank governor influenced by the market to change the currency, saying: «steps a well-thought, and all banks will contact the Central Bank, according to the regulatory process will withdraw currency from banks and provide them with the Central Bank of new currency will not accompany the process has no effect in relation to markets, and trading would be easy for the new currency" .

It is scheduled to be deleted three zeros from the new currency, ie, that the amount of one thousand dinars will become the new currency and one Iraqi dinars.

And describes the process of the central bank currency exchange project in support of the national economy in the country, while expressing government and political parties for fear of being a project will increase the phenomenon of money laundering, also believes that adversely affect the financial trading the stock market.

http://translate.google.com/translate?sl=ar&tl=en&u=http%3A%2F%2Fpukmedia.co.uk%2F2009-10-23-12-01-47%2F26440---------2013

The first part bolded would make it seem that it will be a 1 to 1 (in my opinion) and 1 million dinar would equal 1 million usd...BUT the second bolded phrase would make it seem like a LOP :(

In the end we are in the dark until it happens...

by HeadNotTheTail Wed Feb 22, 2012 12:00 pm

as Long as some have been in this, I for one wouldn't mind a 1 to 1 ,, Just get it done...... crazyspin

by therealbutterfly Wed Feb 22, 2012 12:01 pm

HeadNotTheTail wrote:A Lop will simply NOT pay the bills, In the beginning they asked countries to get involved, to help turn them around with a plan to make them wealthy, There are debts to pay,Heck what was the purposed Budget for 2012 ,(117 trillion) Now you tell me where a lop will help with that Budget ...No one would buy The Dinar, in turn where would the Money come from,,,It is hard to convey this to some one that has made up their mind . But for the most part it is Just commonsense .. Let me say it like this,,,if a country could sink all their reserve into this investment, witch they can't.. and having to wait 8 years for a return, Come on guys, don't want to give our Gov. a big head But they are allot smarter than that......From now on I am calling it "L"...for the reason people see the word and get hooked on just seeing the word.... Lazy...No research.... Bring one article that proves a "L" and I'll show you TEN that say No "L" ......They know exactly how much Money is out there , Heck they Printed it and Have all the assets to Back it up and allot more. GO RV GO WOOOOOOOOHOOOOOOO

EVERY article says redenomination/lop! I have asked you for an article showing it wont and you say you have 10, so please show me because it would ease my mind. I am a bit insulted that you say that I am lazy and have done no research. I have been in this since November 2003, and saw the change not only in the members thoughts of how much we would make but also the news stating what their plan is.

I dont know where you come up with that our govt is holding a ton of dinar, thats just guru talk. They may or may not be. And they might have had it years ago and sold it. Who knows. But you are mixing thoughts here that make no sense. A budget has NOTHING to do with an rv. And think about this, what country has a 117 TRILLION budget thats worth $117 TRILLION in usd? NO ONE. A lop would simply reduce the budget to $117 Bill, simple and easy and managable based on their revenue with oil. No one NEEDS to buy their dinar to fund anything. Thier money comes from oil and other resources. Selling their currency is selling something that they need to cover financially.

by **greenlight** Wed Feb 22, 2012 12:01 pm

therealbutterfly wrote:
HeadNotTheTail wrote:The No Lop ,,,VP of CBI STATED!!!!! Yesterday That when the New Currencies come out in SEPT. Or by the. That the Lower demon's will Hold Face Value ...Goto Dinardaddy under chats and Post and goto Brieghtlings Radio show where it says GREAT news and You will be VERY VERY VERY Happy at what you here. Go check it out , I have been Dancing all day.........

Please show me what article you have that shows the VP saying no lop. The currencies coming out in Sept MIGHT be this sept or NEXT since many articles have stated 2013. Some articles also state the start of the fiscal year of 2013. Where do you see that anything says the lower denoms will hold face value? Thats a new one to me and I would LOVE to see that cuz that would indicate not a lop. But since they are stating they will be introducing NEW currency (with 3 languages on it) and one of the denominations is going to be another 50 dinar note, that tells me that its a lop. And sorry, I wont listen to what a guru says (Breitling) about something when he has pumped this and the dong for years. Cant deal with someone who I know has blatantly lied. JMHO

TRB.. a couple things. If I recall reading the news that has the 2013 date, if I remember correctly (and I may not) it said the process of deleting the zeros would be complete by september 2013. They have always stated it would take a year to complete.
Also, what value other than face value would we expect the new dinar to be? A 25 note should be equal to 25 dinar at .86 (if today's rates do not change by then). I would expect all dinar to remain at face value. The 25K dinar would also be at face value - 25K - and at the exchange rate of .00086.
The dinar having no change in face value has no bearing on whether or not the 3 zeros will be deleted off the notes and off the exchange rate. So if the VP said the new dinar will hold face value, that would be a statement of stability and strength, not a 3 zero deletion process, right?
Comments?

by therealbutterfly Wed Feb 22, 2012 12:05 pm

Punisher, the first statement only says they will maintain the value of the dinar against the dollar, not that it will be equal to right now. By redenominating it, it basically makes it a 1:1 ratio.

NOW that said, and i keep saying this lol, they have too much wealth to keep it at a 1:1 ratio. IF they have 30 trill and lop it to 30 bill, with the $60bill in reserves alone, thats covering it 200% and I dont know any country that funds their currency even 100% And THIS is why I say they need to raise the rate if they RD. Now, will it happen at the same time? Dunno. Will it happen after the redemption period is over? dunno. But nothing is telling me it will be an rv vs an rd. And after this long, I wont give up because I have nothing to lose but I no longer expect the dime I so longed for.......

by **greenlight** Wed Feb 22, 2012 12:07 pm

Kevind53 wrote:The article does state they are reprinting 30T dinars, but also talks of reducing the amount of dinar in circulation. Anyone know what they currently have in circulation?

They currently have just over 6 trillion in actual physical dinar in circulation, but in total they have about 33 trillion dinar - both electronic and physical

by **greenlight** Wed Feb 22, 2012 12:15 pm

HeadNotTheTail wrote:A Lop will simply NOT pay the bills, In the beginning they asked countries to get involved, to help turn them around with a plan to make them wealthy, There are debts to pay,Heck what was the purposed Budget for 2012 ,(117 trillion) Now you tell me where a lop will help with that Budget ...No one would buy The Dinar, in turn where would the Money come from,,,It is hard to convey this to some one that has made up their mind . But for the most part it is Just commonsense .. Let me say it like this,,,if a country could sink all their reserve into this investment, witch they can't.. and having to wait 8 years for a return, Come on guys, don't want to give our Gov. a big head But they are allot smarter than that......From now on I am calling it "L"...for the reason people see the word and get hooked on just seeing the word.... Lazy...No research.... Bring one article that proves a "L" and I'll show you TEN that say No "L" ......They know exactly how much Money is out there , Heck they Printed it and Have all the assets to Back it up and allot more. GO RV GO WOOOOOOOOHOOOOOOO

117 trillion dinar is equal to 100 billion USD. That's exactly the figure they believe they will be able to pump up out of the ground. Budgets have nothing to do with whether or not they LOP or RV. It has to do with how much revenue they plan to receive for a given fiscal year. For 2012 they plan to receive 100 billion USD.
If you followed the budget discussions for 2012 from the start you will recall that they had to reduce it by 15 billion USD because their calculated revenue could not sustain it. Now, if they planned to have in 2012 at least 30 trillion USD by not deleting the 3 zeros, don't you think they could have increased their annual budget just a bit more?
And what bills do you believe they could not pay if they don't have 30 trillion USD?

by HeadNotTheTail Wed Feb 22, 2012 12:15 pm

MP: 2012 budget law draft 90% completed
Posted: February 22, 2012 in Iraqi Dinar/Politics
Tags: Baghdad, Budget, History of Iraq, Iraq, Law, Member of Parliament, Political coalition, Reading
Wednesday, 22 February 2012

Baghdad (AIN) -MP Haitham al-Jubouri, member of the parliamentary financial committee, expected that the parliament will approve the 2012 budget law draft tomorrow (Thursday).

MP Jubouri, said to All Iraq News Agency (AIN) Wednesday that “We expect that parliament will approve the 2012 budget law draft without obstacles.”

He added that “The committee has completed approximately 90% of the budget bill after obtaining consensus on most of the paragraphs within the committee members, which is comprised of various blocs.”

He also added “The commission will demand that parliament to ask the government to implement all various paragraphs stated in the financial budget.”

Parliament finished the second reading of the budget law draft during its meeting last Monday and the Speaker Nijaifi stated that next Thursday’s session will be devoted to vote on the 2012 budget law draft.

The Finance Committee of the Parliament at its meeting last week confirmed its demanding changes to the budget bill and make transfers to other aspects, with a focus on some of the aspects that has not been resolved until now, especially with regard to increase the salaries of retirees and expansion in degrees career for a number of ministries as well as interest in network social protection in addition to a number of important issues.

The government had approved in early last December’s 2011 budget for 2012 of a total amount of [100] billion dollars, which is the largest budget in the history of Iraq and handed over to parliament for approval, but the council because of differences among the political blocs has not ratified it so far, which led to the suspension of exchange in many projects and provinces complained of the delay.

Sorry Butterfly two different articales My Bad But here is one on the Budget

I will have you one to five on No"L" give me a second or an Hour and I will give them to you... But lets remember that we are all here to try to help...Just trying to do my Part,,,So on that Note I will use my snooper Ilikeyou

powers and dig into the virtual universe and find what you need.. Ilikeyou

by therealbutterfly Wed Feb 22, 2012 12:18 pm

Thanks Headnotthetail! I dont want it to redenominate but nothing i see tells me its not. So ANY and all proof it wont is welcomed by me. Bear said he has absolute proof but so far wont show it. Which i think is unfair. JMHO

by **greenlight** Wed Feb 22, 2012 12:22 pm

punisher wrote:THEREALBUTTERFLY, I do see what you are saying...I will bold the text below and then comment:

Central Bank: the new Iraqi currency was launched in 2013

Some Iraqi currency
PUKmedia 17:17:04 2012-02-21

Iraqi Central Bank announced new measures to maintain the value of the Iraqi dinar against the dollar,
It is scheduled to be deleted three zeros from the new currency, ie, that the amount of one thousand dinars will become the new currency and one Iraqi dinars.

The first part bolded would make it seem that it will be a 1 to 1 (in my opinion) and 1 million dinar would equal 1 million usd...BUT the second bolded phrase would make it seem like a LOP :(

In the end we are in the dark until it happens...

Punisher.. consider the first bold line again. By maintaining the value of the dinar against the USD simply means to keep the rate the same against the USD as it is now. It refers to stability and strength of the dinar and not allow it to slip in value against the USD.
It does not say or mean or even indicate a value of 1 dinar for 1 USD.

by Guest Wed Feb 22, 2012 12:23 pm

greenlight wrote:
punisher wrote:THEREALBUTTERFLY, I do see what you are saying...I will bold the text below and then comment:

Central Bank: the new Iraqi currency was launched in 2013

Some Iraqi currency
PUKmedia 17:17:04 2012-02-21

Iraqi Central Bank announced new measures to maintain the value of the Iraqi dinar against the dollar,
It is scheduled to be deleted three zeros from the new currency, ie, that the amount of one thousand dinars will become the new currency and one Iraqi dinars.

The first part bolded would make it seem that it will be a 1 to 1 (in my opinion) and 1 million dinar would equal 1 million usd...BUT the second bolded phrase would make it seem like a LOP :(

In the end we are in the dark until it happens...
Punisher.. consider the first bold line again. By maintaining the value of the dinar against the USD simply means to keep the rate the same against the USD as it is now. It refers to stability and strength of the dinar and not allow it to slip in value against the USD.
It does not say or mean or even indicate a value of 1 dinar for 1 USD.

So bottom-line, you are thinking LOP?

by **greenlight** Wed Feb 22, 2012 12:30 pm

Punisher, If by the term LOP you mean exchanging current 3 zero notes for new non-3 zero notes and at the same time moving the decimal point to the right 3 places in the exchange rate for these new notes.. then yes. that's exactly what will happen.
If, on the other hand you mean removing the 3 zeros from the current notes without moving the decimal point 3 places in the exchange rate, then absolutely not.

by **greenlight** Wed Feb 22, 2012 12:34 pm

Punisher,
Here's another way of looking at it.

25000/.00086 of OD (old currency)
equals
25/.86 of ND (new currency)

See what happens when you LOP off the 3 zeros on both sides?

by Guest Wed Feb 22, 2012 12:38 pm

greenlight wrote:Punisher, If by the term LOP you mean exchanging current 3 zero notes for new non-3 zero notes and at the same time moving the decimal point to the right 3 places in the exchange rate for these new notes.. then yes. that's exactly what will happen.
If, on the other hand you mean removing the 3 zeros from the current notes without moving the decimal point 3 places in the exchange rate, then absolutely not.

Yes, I was taking about the worth staying the same...at face value.

by Parrothead Wed Feb 22, 2012 1:20 pm

therealbutterfly wrote:Thanks Headnotthetail! I dont want it to redenominate but nothing i see tells me its not. So ANY and all proof it wont is welcomed by me. Bear said he has absolute proof but so far wont show it. Which i think is unfair. JMHO

'Unfair' is a pretty kind word for it Rolling Eyes

by Guest Wed Feb 22, 2012 1:22 pm

THEREALBUTTERFLY, I always like reading your posts...you seem like a level headed person Smile

by therealbutterfly Wed Feb 22, 2012 2:03 pm

AWWW thanks Punisher! I dont always like to be so practical tho, I would love to get back to the feeling of unicorns and glitter but those pesky facts stop me. Its the logical side of me that cant let the other side dream too big lol

by Guest Wed Feb 22, 2012 2:07 pm

I'm keeping me expectations in tact...then if I am surprised with a better outcome then happydance