Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20

by **RamblerNash** Mon Aug 24, 2020 11:10 pm

Guru Pimpy  We're going to talk about the dinar today because there's a lot of newbies that are interested in it or have invested into into the Iraqi dinar...whenever any country invades another country usually what happens to protect...the wealth of a nation they usually devalue their currency down to damn near nothing - where it's worthless.  As soon as everything gets back to normal...the country is no longer being invaded and they're back to where they were, then what they'll do is they'll revalue or reinstate the rate...to give you an example - let's say at the time the Kuwait invasion you were getting 3 American dollars for every 1 Kuwaiti dinar.

Then all of sudden they got invaded. Well they dropped it down to where you could get a million Kuwait dinars (I'm just making this up) for 10 dollars. So they do that on purpose. Then as soon as they got Iraq out of Kuwait and they started getting back on their feet all they did was reinstate the rate so it went right back up to where it was - over $3. So those individuals who happen to be holding onto the Kuwait dinar, some people for some reason somehow knew about it ahead of time...it created some millionaires.  So people bought a whole bunch of it, once the rate change happened it created a bunch of millionaires. That's what everybody is basing this whole investment into the Iraqi dinar on.

Iraq was invaded. The value was dropped. Once the invasion was over in 2003 they swapped out the old (Swiss) Iraqi dinars - the ones with Saddam Hussein's face were taken out and the new dinars put in, which are the ones we see now.  What everybody's hoping is that when it's time, that they reinstate the rate and the rate at the time was $3.22.  That's what a lot of people are hoping will happen again.  There are a bunch of different arguments going both ways...on whether this will happen...You should approach knowing...all investments are a risk...

by **RamblerNash** Mon Aug 24, 2020 11:14 pm

Guru Pimpy You hear these stories that the Iraq investment is a scam. Let me just tell you this, I've done a lot of research. I can tell you that the Iraqi dinar has been used as a tool to commit scams. The Iraqi dinar itself is not a scam. You could purchase it and you can sell it. You can use it if you were in Iraq. So no it's not a scam. If it was a scam you wouldn't be able to use the currency at all...

~~~~~~~~~~

The scam is the "RV", "RI" promoted by these so called Gurus that don't know, or are severely reckless in knowing, how currencies get their value.

by **Jayzze** Tue Aug 25, 2020 6:56 pm

you are 100 percent correct the only way it can go up is drop the 3 zeors and release the small notes. since the auction is their cash cow it will not happen

by **Jayzze** Tue Aug 25, 2020 6:56 pm

you are 100 percent correct the only way it can go up is drop the 3 zeors and release the small notes. since the auction is their cash cow it will not happen

by **claud39** Wed Aug 26, 2020 9:50 am

Jayzze wrote:you are 100 percent correct the only way it can go up is drop the 3 zeors and release the small notes. since the auction is their cash cow it will not happen

Jayzze, Jayzze !!! You comment on posts on the forum, but you forget me in your post, maybe your post is too long for you to read ?? question

Still criticism, but no proof from you on the forum, just words that you give as a reason, and I would have to believe your word ??

What do you consider yourself as a guru yourself without knowing what is really going on in Iraq ??? question

As you told me go read the news on Iraq, but the real news !!! question

Go back to your post, and to be sure that you find it, I send you the link on the forum !!

https://www.dinardaily.net/t94741-bed-time-stories

Just to show you that you don't know your subject, and what's really going on in Iraq, I'm going to share some news just for you !!! Wink

Claud (Moose)

by **Jayzze** Wed Aug 26, 2020 10:15 am

claude i have not forgotten you in fact i suggested that they rename the site the claude show sine you bring in alom all of the articles. and i do not mean this in a negative way. btw unlike many i do not consider myself a guru in any way as many claim they arei. i do stick by the dropping the 3 zeros and the lower denoms and that comes from remarks of the cbi not me.also the corruption especial in the cbi and goi still rampart and btw how is the security and safety doing?any bombings and riots? and as long as maliki and friends are aroundand irans help you will not see much of a change even with k trying hard. so claude keep the good work up. time to make some money since i cannot buy a roll of toilet paper with my dinar

by **claud39** Wed Aug 26, 2020 10:52 am

Jayzze wrote:claude i have not forgotten you in fact i suggested that they rename the site the claude show sine you bring in alom all of the articles. and i do not mean this in a negative way. btw unlike many i do not consider myself a guru in any way as many claim they arei. i do stick by the dropping the 3 zeros and the lower denoms and that comes from remarks of the cbi not me.also the corruption especial in the cbi and goi still rampart and btw how is the security and safety doing?any bombings and riots? and as long as maliki and friends are aroundand irans help you will not see much of a change even with k trying hard. so claude keep the good work up. time to make some money since i cannot buy a roll of toilet paper with my dinar

Good my Jayzze !!!

As you think I'm doing a show with you, you want news with the central bank, here is a news from January 22, 2019 with the director of the central bank !!
Another copy paste for you only !!!

Governor of the Central Bank sponsors the first Iraqi conference for companies mediating the sale and purchase of foreign currencies

January 22, 2019

Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20 News-154814018083024

Under the generous patronage of His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, the first Iraqi conference was held for companies mediating the sale and purchase of foreign currencies operating, which was attended by the Director General of the Banking and Credit Control Department in this bank in addition to the participation of a large number of administrations of mediation companies selling and buying foreign currencies and their owners And a number of members of the House of Representatives and financial and economic personalities.

The Governor of the Central Bank stressed during his speech at the opening of the conference the need to promote the work of companies mediating the sale and purchase of foreign currencies to serve the Iraqi economy.

His Excellency listened to the requests of mediation companies to buy and sell foreign currencies and discussed some of them during the conference, confirming that all requests will be studied with the relevant authorities in the Central Bank and the possibility of resolving them in record time.

Tuesday, January 22, 2019

https://cbi.iq/news/view/978

by **claud39** Wed Aug 26, 2020 11:01 am

What would it be for iraq if it is not up to the international to make this signature ??? question

[size=35]The Iraq Stock Exchange signs an agreement with the American Stock Exchange regarding trading technology[/size]

2019-07-18

[size=35] Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20 Doc-P-311914-636990557435024084

Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20 Doc-P-311914-636990557435024084

[/size]

The Iraq Market for Iraqi Securities announced, on Thursday, the signing of a new agreement with an American exchange regarding trading technology and securities depository.

Al-Souq said in a statement that Alsumaria News received a copy of it, "All of the Nasdaq (its symbol is signed inNasdaq: NDAQ),Iraq Stock Exchange (ISX) a new agreement to expand their technological relations for the next five years starting from October 2019, noting that "Nasdaq will continue to license, support and maintain ISX systems and upgrade technology for trading and securities depository (CSD) for the next five years."

To that, said CEO of the market Taha Ahmed Abdalsalam, "The use of Nasdaq technology is a positive sign for local and international investors and regulators." IraqIt will strengthen its efforts to become an important financial center for securities trading. ”

For his part, explained the Managing Director at Nasdaq District Middle east Michelle Carlson Through upcoming development and use of the latest Nasdaq technology, ISX will join the community of stock exchanges in the region Middle east In deploying high-quality multi-asset trading technology that complies with international standards, we look forward to supporting ISX as it continues to develop and innovate. "

https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/311914/%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%84%D9%84%D8%A3%D9%88%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%8A%D9%88%D9%82%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D9%85%D8%B9-%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D8%A7

by **claud39** Wed Aug 26, 2020 11:17 am

Expert: Our gold and hard currency reserves are higher than the international standard

Mardi 29 octobre 2019

Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20 980-Alsabbaq

Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20 980-Alsabbaq

Baghdad / Suha Sheikhly

Gold is an international system and financial cover used as a basis for determining the value of paper currency, and through which to assess the currency of any country, as the countries that adopt this system, convert their currency to gold after relying on buying and selling, gold was selected for several considerations, the first of which is precious metal and stainless steel storage It is difficult to dissolve and is a pillar of crisis time.

Link to Sterling

The expert, the banking adviser and a member of the administrative body of the Association of Private Iraqi Banks Abdul Rahman al-Sheikhly in his interview with the "morning" says: "After July 14, 1958 the new government disengaged the Iraqi dinar from the pound sterling and the dinar has become almost existing and needs to strengthen its position."

“In all the countries of the world, the local currency must be covered with gold or hard currency that can be traded anytime, anywhere. The government then issued a decision to separate the Iraqi currency from English,” he said. Either in hard currencies or gold. ”

Bank Nout At that time, Iraq tried to enter the world market through its balance of gold and hard currency. The paper, (Bank Note) is a secretariat arrived from the state to the citizen that he has the state as well as the amount.

He explained, “Therefore, this currency will not be valuable unless it has a reserve balance, and the former Iraqi citizen used (Travel Check) when traveling abroad to spend his currency with the money of that country before the monetary developments that have appeared in the world.

Entire".

Sheikhli said that "the Central Bank of Iraq is completely independent of the state and was able to refuse to lend to the state and this is what happened when the Governor of the Central Bank of Iraq Abdul Latif al-Shawaf refused to lend Prime Minister Abdul Karim Qasim amount of money, and the situation continued to the year 2014."

He stresses that "currency reserves created to deal in times of abnormal crises going through the economy, note that our economy is subject to the controls of the International Monetary Fund and the World Bank because we are members, especially after 2003 and the regime changed from totalitarian to a market economy," pointing out that "the government was forced to In 2014, during the war against the Islamic State terrorist gangs, borrowing from the monetary reserves in accordance with the standards of the IMF and the World Bank, and coincided with the decline in oil prices, so Iraq tried to compensate by resorting to the strategic reserve in the central bank of gold and hard currency to pay the government e The amount is closer time".

"With great efforts, the central bank was able to recover the amounts, and the central bank now has reserves of foreign currencies and gold more than the standard required by the International Monetary Fund and the World Bank, which means that the Iraqi dinar has become a cover and is a difficult currency at present And anywhere from The globe. ”

Sheikhli pointed out that "gold prices in Iraq are the same world prices, and subject to international controls," stressing that "there is a project adopted by the Central Bank, but the legal processes to prevent its implementation is to raise three zeros from the currency".

Accessories and safe

Al-Sabah met with goldsmith Abu Ali, owner of a goldsmith shop since 1981 and said: “Many families buy gold not just for decorations but it is a saving for times of need.

And a safe. ”

He pointed out that the price of a single weight of Gulf gold caliber 21 grain is 260 thousand dinars, a kind of desirable much, while the price of weight of 18 carat 215 thousand Dinar".

It is noteworthy that the gold market in Baghdad is located in the street of the river, along with the cities of Karbala, Najaf, Ramadi and Fallujah, while the seasons of sale will be on holidays and joyous occasions and less in the months of Muharram and zero, as the season is scarce Selling.

https://alsabaah.iq/15648/%D8%AE%D8%A8%D9%8A%D8%B1-%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%8A-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D9%88%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%B9%D8%A8%D8%A9-%D9%84%D8%AF%D9%8A%D9%86%D8%A7-%D8%A3%D8%B9%D9%84%D9%89-%D9%85%D9%86-%D8%A7%D9%84%D9%85%D8%B9%D9%8A%D8%A7%D8%B1-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A

Apart from sharing negative comments, and you tell me about the central bank as an example.

Can you prove to me that you say that the central bank is not moving forward for a change ??? question

Claud (Moose)

Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20

Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20

Re: Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20

Re: Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20

Re: Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20

Re: Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20

Re: Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20

Re: Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20

Re: Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20

Re: Guru Pimpy: "then what they'll do is they'll revalue or reinstate the rate" (Same Story, Can't Happen) 8/24/20