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Post by IQD4US Tue Mar 06, 2012 4:01 pm

See how to properly bash this at the end of the posting: Here it goes:

I see people constantly referring to the necessity of :

"if you move the zero's in one direction - you must remove the zeros in the other direction"

Wrong!

Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed by De La Rue using modern anti-forgery techniques, to "create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives."[3] Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar.

Although the value of the dinar appreciated following the introduction of the new banknotes from 4,000 dinars per U.S. dollar, at the time of their introduction, to a high of 980 dinars per dollar, it is now held at a "program" exchange rate, as specified by the International Monetary Fund, of 1170 dinars per US dollar at the Central Bank of Iraq. However, there is not yet a set international exchange rate and so international banks do not yet exchange Iraqi dinar. The exchange rate available on the streets of Iraq is around 1200 dinars per US dollar.

The removing/lifting of the 3 zeros from the dinar is ONLY moving the decimal on the physical currency. They can do this tomorrow or in 2 years, or yesterday, the amount on the face will still be multiplied against the "program rate" UNTIL an international exchange rate is set.


Let me make this easier - being that I was in Germany for over 3 years - including the year they went from Marks to Euros. There were 2 prices on the shelves, a MARK price and a EURO price. Regardless of what currency you were using - the price was the same. Eventually, as all transactions were now being done with Euros at the banks, the Mark just disappeared. You could NOT go to the bank and order Marks. Your pay was in Euros, your prices, the only Marks were what they had at home - and taking them to a business - because of the fluctuation of exchange rates - they charged you a "fee" for using an out of date currency. Eventually the only thing they could do was take it to the bank.

First let me say - Iraq is NOT changing to a NEW currency. They are REBASING. You rebase a currency by lopping off three zeros FROM THE CURRENCY, a move that should make it easier for foreign investors to participate in the economy.

Currency rebasing usually does not change the exchange value of the currency and is introduced to make commercial calculations easier.

That is exactly what Shabibi has said they are going to do.

What we are trying to compare is apples to oranges. an RI is not the same as an RV, not is it the same as and LOP or the same as a ReBase.

An LOP, in the "true" economic reality, reduces value. No ifs ands or buts. Iraq has had a steady growth, and is not interested in a devalue. They also have wealth in their country that has yet to be traded at par level, but it will, and the "value" of their currency will increase. Not the international exchange rate - they don't have one. Thier IN COUNTRY value.

An RI would reinstate the old rate of 3.22 + yearly interest - but they cannot reinstate - as the Swiss Dinar and the Saddam Dinar are no longer the currency of Iraq.

The RV would revalue the curency - and in this case will bacome an Internationally traded currency that would allow us to cash in.

To take a 25,000 IQD note, and replace it with 1000 25 IQD notes.

You then take the iron skillet that costs 23,999 IQD, and it becomes 23.99 IQD

Now here is where people will start arguing that I am way OFF base. However....

Iraq HAS money. They are NOT concerned with you or me. They care less about what we have in the form of currency. They NEED to get THEIR PROPLE back on thier feet. They need to give incentive to the Iraqi people to TRUST in the currency again. They need to TRUST the government.

Do you really think that for as much uprising that occurred because Parliment voted to purchase ARMORED vehicles to protect themselves there would not be an outright WAR AGAINST THE GOVERMENT if suddenly they were told that their money was worth 1/1000 of its current value?

They are printing and providing lower denominations - and this is nothing new. They had (in 2004) new 25-, 50- and 100-dinar (not fils) coins were introduced. However, these coins proved to be unpopular and were withdrawn from circulation. The "costs" in the market place were so high, too many were needed.

And do you not think that Iraq wants to help thier own people before you and I??

They will "exchange" the currency, lower the prices, keep thier current value - AND STIMULATE THE ECONOMY.

The people of Iraq will start to breathe again. They will "have more bang for their buck", and will now be able to afford food, clothes, shelter. Businesses will be able to increase their profit margins, make more money and with increased business create jobs to reduce unemployment.

Iraqi's being able to pay for what they need without government subsidy, and less people claiming unemployment, thier will be less in the needs of those being cared for by the government - thus freeing up money for other needs. IE - paying off war debts.

All the denominations will be used together - but it will not take long for the large denoms to be turned in, as the costs will prohibit them from spending the larger denoms. Business owners won't make change for larger bills without "charging" - as the banks will charge an exchange fee. The business owners won't be able to get the larger denoms from the bank - as they will become "obsolete".

It will also solve the issue of "dollarization". The prices will be normal again.

All Iraq is doing is REBASING everything - to put things back into perspective.

THEN:

Since IMF is currently in control of the program rate, when Iraq is allowed to have an internationally traded currency, the value of the country weighed against the currency issued, trade, economic factors such as

: (a) economic policy, disseminated by government agencies and central banks, (b) economic conditions, generally revealed through economic reports, and other economic indicators.


  • Economic policy comprises government fiscal policy (budget/spending practices) and monetary policy (the means by which a government's central bank influences the supply and "cost" of money, which is reflected by the level of interest rates).
  • Government budget deficits or surpluses: The market usually reacts negatively to widening government budget deficits, and positively to narrowing budget deficits. The impact is reflected in the value of a country's currency.
  • Balance of trade levels and trends: The trade flow between countries illustrates the demand for goods and services, which in turn indicates demand for a country's currency to conduct trade. Surpluses and deficits in trade of goods and services reflect the competitiveness of a nation's economy. For example, trade deficits may have a negative impact on a nation's currency.
  • Inflation levels and trends: Typically a currency will lose value if there is a high level of inflation in the country or if inflation levels are perceived to be rising. This is because inflation erodes purchasing power, thus demand, for that particular currency. However, a currency may sometimes strengthen when inflation rises because of expectations that the central bank will raise short-term interest rates to combat rising inflation.
  • Economic growth and health: Reports such as GDP, employment levels, retail sales, capacity utilization and others, detail the levels of a country's economic growth and health. Generally, the more healthy and robust a country's economy, the better its currency will perform, and the more demand for it there will be.
  • Productivity of an economy: Increasing productivity in an economy should positively influence the value of its currency. Its effects are more prominent if the increase is in the traded sector

ALL OF THIS will happen by REBASING, and in turn, in the end, when it comes time to set an international exchange rate, IRAQ WILL LOOK AWESOME.



Once they look soooo good, the rest of the world will go WOW - in the meantime only LARGE corporations who see the value are interested. AND US.



Iraq does not have the authority to tell IMF to change the program rate. IMF currently has that control.



Shabibi is formerly IMF and knows EXACTLY what he is doing. He is taking care of his people first, and making it look great to the rest of the world.



Since we are not purchasing with Iraqi currency - we will have no reason to trade it in. We will be sitting on our denoms. The Iraqi people, however, WILL be using thier currency.



Iraq is not changing HOW MUCH they have out there, just the denominations that are used. Their reserves are still the same, but their money cannot be a reserve in out of country banks, as it does not have an international value.



The revalue is NOT going to happen today, tomorrow, or by the end of the month. No sooner than June IF it happens immediately after the UNSC meeting. The UN is NOT the only meeting they have to have. Once Sanctions are lifted, IMF has to release them from the Program Rate. And even if they do not choose to immediately continue with WTO, the WTO and BIS help determine country VALUE - thus setting a rate.

International Trade of Currency means you have a rate OTHER countries are willing to do business with you at. Setting a rate of 1 IQD = $10 USD ??? Companies such as Exxon, Shell etc would not want to pay for their hotel rooms, food, or anything else. Tourists would not go there. The highest calued currency right now is not higher than $4 USD = 1 (currency name here).



The money we have here that we will turn into the banks will go to the UST and be used for world purchases. Iraq doesn't care about us, and major companies would not accept Iraqi Dinar as payment, or sign any contracts without believing it will become valuable to them.



SOOOOO, where this was rather lengthy, and highly controversial, I haven't posted in a while our of pure frustration over the BS. I am open to ANY points of view, and won't rip my hair out by any comments, concerns, questions, different opinions, or straight out trying to call BS - but at least keep your bashing to the information - not at me as a person. (then you won't get banned)



SOURCES: IMF, WTO, BIS, UNSC, UST, WIKIPEDIA, ASK.COM, NINA NEWS,a ALBAWABA, CBI, AKNews, Iraq MOP, IMN, INA, and hours of personal research of these and other traslated sites.
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Post by CaptnJerry Tue Mar 06, 2012 4:42 pm

You do realize that Re-denominating or loping of zeros from a currency and re-basing a currency are just different terms for the same currency reform program... Don't you?

CJ


http://translate.google.com/translate?hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&u=http://www.alliraqnews.com/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D30118:2012-03-06-08-46-44%26catid%3D37:2011-04-08-17-25-57%26Itemid%3D56

Economist: delete the zeros is an urgent need to raise the value of the Iraqi currency in the market
الثلاثاء, 06 آذار/مارس 2012 11:46 Tuesday, 06 March / March 2012 11:46


[بغداد-أين] [Baghdad - where]

أكد الخبير الاقتصادي حسام عبيد أن خطوة حذف الاصفار من العملة العراقية بات ضرورة ملحة من أجل رفع قيمة العملة العراقية امام العملات الاجنبية أضافة الى الحفاظ على توازنها في السوق . Said Husam Obeid, an economist that the step to delete the zeros of the Iraqi currency has become an urgent necessity in order to raise the value of the Iraqi currency against foreign currencies added to maintain the balance in the market.

وقال عبيد في بيان له تلقت وكالة كل العراق[أين] ان " هذا الإجراء بحاجة الى قرار سياسي" داعيا الى" ضرورة الإسراع في حذف الأصفار من العملة العراقية لما في هذه الخطوة من مردودات كبيرة و ايجابية على الاقتصاد العراقي". Obaid said in a statement received by all of Iraq [where] that "this procedure need to be a political decision," calling for "the need to speed up the deletion of zeros from the Iraqi currency, because the move from large and positive returns on the Iraqi economy."

وأضاف إن " هذه الخطوة لا تنطوي عليها أية تداعيات سلبية ، إذ أنها خطوة ايجابية جدا تعطي قوة للعملة وتسهم في القضاء على التداعيات السلبية المترتبة على الكثافة النقدية باعتبارها من أبرز المشاكل التي نعاني منها في العمل المصرفي ، سواء في عمليات عد العملة وفرز فئاتها و اتلاف الرديء منها وتوفير الاجراءات الأمنية اللازمة لنقلها " . He added that "this step is not involved in any negative repercussions, as it is a very positive step given the strength of the currency and contribute to the elimination of the negative consequences arising from the density of cash as one of the main problems that we have in the banking business, both in the operations of counting currency, sorting categories and damage including the poor and the provision of security measures necessary to move them. "

وبين ان" العراق ليس الدولة الوحيدة التي لجأت الى هذا الخيار ، فالعديد من دول أوربا اتبعته بعد الحرب العالمية الثانية ومن بينها ألمانيا ، وقد أقدمت تركيا مؤخرا على حذف ست أصفار من عملتها الوطنية ". And that "Iraq is not the only country that resorted to this option, many of the countries of Europe followed after World War II, including Germany, Turkey has recently embarked on a six zeros from the deletion of its national currency."

وكان البنك المركزي العراقي وعلى لسان مستشار البنك مظهر محمد صالح قد أكد لـ[أين] حاجة العراق الى عملية اصلاح اداري للعملة النقدية وان مشروع حذف الاصفار هو خطوة تأتي ضمن حاجة البلاد الى عملية اصلاح اداري للعملة من أجل تقليل كلف المعاملات النقدية في العملية الاقتصادية بالاضافة الى ضرورة توفير عملات نقدية بفئات صغيرة تستعمل في تداول المعاملات الصغيرة اليومية . The Central Bank of Iraq and on to San bank adviser appearance of Mohammed Saleh told Al [where] the need for Iraq to the process of administrative reform of the currency cash and that the project to delete the zeros is a step comes as part of the country's need to the process of administrative reform of the currency in order to reduce the cost of cash transactions in the economic process as well as to the need to provide small groups of coins used in daily circulation of small transactions.

يذكر ان المسؤولين على البنك المركزي اضافة الى بعض الساسة والاقتصاديين حثوا الحكومة على حذف الأصفار من العملة واصدار عملة جديدة بفئات نقدية كبيرة بالأضافة الى وجود عملات معدنية صغيرة . The officials at the Central Bank as well as some politicians and economists urged the government to delete the zeros from the currency and the issuance of new currency denominations large cash in addition to the presence of small coins.

ويقول مراقبون ان الحكومة تنوي فعلا حذف الأصفار من العملة كخطوة نحو تحسين القوة الشرائية للدينار العراقي غير ان خبراء اقتصاديين قللوا من اهمية هذه الخطوة معتبرين ان كلفة رفع الأصفار ستكون أكبر من المنفعة المرجوة من رفع الأصفار.انتهى Observers say that the government intends to delete the zeros from the currency as a step towards improving the purchasing power of the Iraqi dinar is that economists played down the importance of this step, considering that the cost of raising the zeros will be greater than the expected benefit of raising the zeros. Ended

*****************
Inspired by Splovengates "Be ready between sunday and monday night, or maybe tuesday or wednesday, could also be thursday but definitely by friday.... probably next week, monday or late tuesday night, wednesday morning to hear the rv and should be cashing in on the following tuesday the 1st part of january or february. Sooner more than later. But no later than the beginning of 2013. Certainly not before then. Until then, let's enjoy the ride!


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Post by Jewelclamp Tue Mar 06, 2012 4:48 pm

Sure makes more sense that 747s and manna and barnyard animal analogies.
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Post by zonepirate Tue Mar 06, 2012 5:07 pm

[quote="CaptnJerry"]You do realize that Re-denominating or loping of zeros from a currency and re-basing a currency are just different terms for the same currency reform program... Don't you?

CJ


He doesn't seem to realize that.

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Post by IQD4US Tue Mar 06, 2012 5:09 pm

[quote="CaptnJerry"]You do realize that Re-denominating or loping of zeros from a currency and re-basing a currency are just different terms for the same currency reform program... Don't you?

CJ


lopping of 3 zeros and an LOP are 2 different things entirely. in an LOP the decimal would move in both directions - 25,000 @ .00085 = 25 @ .85

But CBI cannot change the "program rate" set by IMF. So this is just a Reset internally only. The 25 will be given a new rate upon RI/RV. (IMHO)

The officials at the Central Bank as well as some politicians and economists urged the government to delete the zeros from the currency and the issuance of new currency denominations large cash in addition to the presence of small coins

Issueance of NEW currency denominations and deleteing the need for all those zeros in the currency is NOT a redenomination. The VALUE is not changing - they are producing lower denoms BUT you can still use the old ones (for larger purposes) until the banks get them back.
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Post by IQD4US Tue Mar 06, 2012 5:24 pm

Just to clarify, if you were told the USA was suddenly removing 1 zero from all bills, and you took an $50 to pay for an item that was newly marked $4.75, do you not think you would be pissed if they gave you a quarter as change (coins didn't change)?

You would go to the bank and change in your money for lower denoms.

So you think the Iraqi's would tolerate "here government, I'll give you a 25,000 you give me a 25 and I'll just let the government I already don't trust, take my money" ??

Not going to happen. Where they are comparing this to Turkey - it is not the same. Turkey has nothing. They are a poor country. Turkey has no change in value - and will NOT have a change in value because they have nothing to revalue. They have continued to be tradeable - yet they are in trouble financially. They had to reset their currency BECAUSE they are on a continues downward spiral.


Last edited by IQD4US on Tue Mar 06, 2012 5:26 pm; edited 1 time in total
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Post by CaptnJerry Tue Mar 06, 2012 5:25 pm

[quote="IQD4US"]
@CaptnJerry wrote:You do realize that Re-denominating or loping of zeros from a currency and re-basing a currency are just different terms for the same currency reform program... Don't you?

CJ


lopping of 3 zeros and an LOP are the same thing. in an LOP the decimal would move in both directions - 25,000 @ .00085 (old base) = 25 @ .85 (re-based)... NO change in value or Devaluation of the currency...

But IMF cannot change the "program rate" set by CBI. The IMF can only suggest a rate and has no power to enforce said rate.

The officials at the Central Bank as well as some politicians and economists urged the government to delete the zeros from the currency and the issuance of new currency denominations large cash in addition to the presence of small coins

Issueance of NEW currency denominations and deleteing the need for all those zeros in the currency IS a redenomination. The VALUE is not changing - they are producing lower denoms BUT you can still use the old ones (for larger purposes) until the banks get them back.

*****************
Inspired by Splovengates "Be ready between sunday and monday night, or maybe tuesday or wednesday, could also be thursday but definitely by friday.... probably next week, monday or late tuesday night, wednesday morning to hear the rv and should be cashing in on the following tuesday the 1st part of january or february. Sooner more than later. But no later than the beginning of 2013. Certainly not before then. Until then, let's enjoy the ride!


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Post by CaptnJerry Tue Mar 06, 2012 5:32 pm

@IQD4US wrote:Just to clarify, if you were told the USA was suddenly removing 1 zero from all bills, and you took an $50 to pay for an item that was newly marked $4.75, do you not think you would be pissed if they gave you a quarter as change (coins didn't change)? That is a de-valuation of a currency, not a re-denomination!!! A re-denomination is a change in face value only, no change in actual value. It actually will have greater purchasing power...

You would go to the bank and change in your money for lower denoms.

So you think the Iraqi's would tolerate "here government, I'll give you a 25,000 you give me a 25 and I'll just let the government I already don't trust, take my money" ?? YES, it will buy the same items and our money is now equal to and as strong as the USD that were using now... Iraqi pride!!! The need to use ones own money, not Infidel money!!!

Not going to happen. Where they are comparing this to Turkey - it is not the same. Turkey has nothing. They are a poor country. Turkey has no change in value - and will NOT have a change in value because they have nothing to revalue. They have continued to be tradeable - yet they are in trouble financially.
Why do you keep trying to RV or DV the currency? Iraq has said nothing about RVing or DVing their currency... Only re-denominating or re-basing their currency from 30 trillion to 30 billion...

*****************
Inspired by Splovengates "Be ready between sunday and monday night, or maybe tuesday or wednesday, could also be thursday but definitely by friday.... probably next week, monday or late tuesday night, wednesday morning to hear the rv and should be cashing in on the following tuesday the 1st part of january or february. Sooner more than later. But no later than the beginning of 2013. Certainly not before then. Until then, let's enjoy the ride!


OK - Here it Goes... Animated-smileys-leisure-013 Come on RI/RV!
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Post by IQD4US Tue Mar 06, 2012 5:37 pm

I disagree. The program rate was set by the IMF because or Food for Oil, SBA's, and other programs. IMF was the one making the loan, they set the rate.

With the setting of this rate, anyone (country/business) that was going to do business, would have a benchmark to use in determining "real" value.

Of course they are urging - a reset of the economy does exactly what I outlined above. Putting the stated value back on par, then putting a value to the international value - which will rise based on GNP. As I said - they had lower denoms before - since 2004, but the prices made them useless and they were removed from circulation.

I believe as time draws closer to them actually putting the lower denoms into circulation, people will have a better understanding of what I am very poorly trying to explain. Trying to articulate without writing a book is getting more and more difficult on the subjest of IQD in general.

I will say here though, the comments are straight to the point without "attacking" and I am enjoying the banter. I am not perfect but I do like intelligent banter. Thank you.
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Post by CaptnJerry Tue Mar 06, 2012 5:39 pm

I know I can't walk on water either... Ilikeyou

*****************
Inspired by Splovengates "Be ready between sunday and monday night, or maybe tuesday or wednesday, could also be thursday but definitely by friday.... probably next week, monday or late tuesday night, wednesday morning to hear the rv and should be cashing in on the following tuesday the 1st part of january or february. Sooner more than later. But no later than the beginning of 2013. Certainly not before then. Until then, let's enjoy the ride!


OK - Here it Goes... Animated-smileys-leisure-013 Come on RI/RV!
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Post by IQD4US Tue Mar 06, 2012 5:45 pm

I am not trying to RV or DV - and you have an excellent point. This is where people are getting confused.

They are "removing zeros" from thier NEWcurrency - not changing value. They are producing lower denoms for this because the larger ones will NOT be needed.

SOOO - the Iraqis will take the 25,000 IQD in for 1000 25 IQD , and IN COUNTRY there will be the IN COUNTRY RV that all the "so called in the know" on the other sites are stating has already happened.

(IF that is a bash it is unintended - I only mean to point out that in the confusion the RV has been misinterpreted imho)
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Post by LookingAtTheHeavens Tue Mar 06, 2012 6:05 pm

Great posts IQD4US!
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Post by Horizon Tue Mar 06, 2012 6:21 pm

@CaptnJerry wrote:I know I can't walk on water either... OK - Here it Goes... 1261280965

CJ, I thought you could do anything....MAN, I am heart broken!!!!!:( My Hero!!!🇳🇴

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Post by Kevind53 Tue Mar 06, 2012 6:23 pm

@CaptnJerry wrote:I know I can't walk on water either... Ilikeyou

Well why not? This guy can!
OK - Here it Goes... Funny-12

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OK - Here it Goes... Empty Re: OK - Here it Goes...

Post by prosetian Tue Mar 06, 2012 7:34 pm

Dogs have special powers.

All this talk of RVs is a waste of time, I had a private RV yesterday and the rate was so high there isn't anything left for the rest of you. I will call my old buddy "Shabi" Shabibi tonight and see if I can get him to squeeze out a few more bucks for you guys. Would hate for those 747s to fly empty.

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Post by CaptnJerry Tue Mar 06, 2012 8:20 pm

@IQD4US wrote:I am not trying to RV or DV - and you have an excellent point. This is where people are getting confused.

They are "removing zeros" from thier NEWcurrency - not changing value. They are producing lower denoms (replacement currency) for this because the larger ones will NOT be needed. To replace the current currency...
SOOO - the Iraqis will take the 25,000 (old/current)IQD in for 1000 25 (new)IQD , and IN COUNTRY there will be the IN COUNTRY RV that all the "so called in the know" on the other sites are stating has already happened. NO Such thing as an in-country RV!!! Nowhere in modern history has anything like that ever occurred and there are no economic reasons to support even the idea of such a notion... The new 25 dinar note is equal to or will purchase the exact same amount of identical goods as the 25,000 old dinar note... The CBI has stated the old notes/current currency will be equal to the new notes/replacement currency! The only way for that to be possible is with the removal of the 000's from the current currency and exchange rate or in simple terms, Re-denomination...

(IF that is a bash it is unintended - I only mean to point out that in the confusion the RV has been misinterpreted imho) I took nothing bad from your comments...

*****************
Inspired by Splovengates "Be ready between sunday and monday night, or maybe tuesday or wednesday, could also be thursday but definitely by friday.... probably next week, monday or late tuesday night, wednesday morning to hear the rv and should be cashing in on the following tuesday the 1st part of january or february. Sooner more than later. But no later than the beginning of 2013. Certainly not before then. Until then, let's enjoy the ride!


OK - Here it Goes... Animated-smileys-leisure-013 Come on RI/RV!
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OK - Here it Goes... Empty Re: OK - Here it Goes...

Post by Gater308 Tue Mar 06, 2012 11:28 pm

@horizon wrote:
@CaptnJerry wrote:I know I can't walk on water either... OK - Here it Goes... 1261280965

CJ, I thought you could do anything....MAN, I am heart broken!!!!!:( My Hero!!!🇳🇴

Its ok. Once he found out my puppy was more adorable than his he started the downhill slide....... OK - Here it Goes... 203646764 OK - Here it Goes... 858978640

Too bad we don't have an RV yet, but I am certainly enjoying all the beautiful puppy pix we're seeing here on the site. It think it may be time for everybody's pets to be highlighted.

(Thread has already been hijacked, so I don't feel too guilty about this..... 👅 )

I now present to you:

Isabell
OK - Here it Goes... 40450210

*****************
I am just sayin...........

The evil that good men do is oft brought about by the actions of evil men.

I have really tried. I have searched this post for hours...I need you to show me where....No really. I fail to see what this has to do with the Dinar, the Rv'ing of the Dinar or Iraq in general.

www.ecostylings.com
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OK - Here it Goes... Empty Re: OK - Here it Goes...

Post by zonepirate Wed Mar 07, 2012 9:15 am

@IQD4US wrote:I am not trying to RV or DV - and you have an excellent point. This is where people are getting confused.

They are "removing zeros" from thier NEWcurrency - not changing value. They are producing lower denoms for this because the larger ones will NOT be needed.

SOOO - the Iraqis will take the 25,000 IQD in for 1000 25 IQD , and IN COUNTRY there will be the IN COUNTRY RV that all the "so called in the know" on the other sites are stating has already happened.

(IF that is a bash it is unintended - I only mean to point out that in the confusion the RV has been misinterpreted imho)

I hope the gurus from the other sites are not your only source of info... There is no such thing as an "In Country" RV... and the Iraqi's have plainly said (in articles) that the current 25,000 dinar note will be worth the same as the new 25 dinar note...about $21.50 US. and they will be accepted concurrently for a set time. It's a re-denomination with no loss in VALUE.

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