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 Pimpy   says --     We know that some countries are holding on to large amounts of IQD - That I can validate.  I_icon_minitimeFri May 10, 2024 5:03 pm by kenlej

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 Pimpy   says --     We know that some countries are holding on to large amounts of IQD - That I can validate.  I_icon_minitimeSun May 05, 2024 11:37 am by kenlej

» Go Russia
 Pimpy   says --     We know that some countries are holding on to large amounts of IQD - That I can validate.  I_icon_minitimeSun May 05, 2024 10:51 am by kenlej

» Textbook Tony
 Pimpy   says --     We know that some countries are holding on to large amounts of IQD - That I can validate.  I_icon_minitimeMon Apr 29, 2024 4:13 pm by Mission1st

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 Pimpy   says --     We know that some countries are holding on to large amounts of IQD - That I can validate.  I_icon_minitimeFri Apr 26, 2024 11:16 am by kenlej

» Phony Tony sez: Full Steam Ahead!
 Pimpy   says --     We know that some countries are holding on to large amounts of IQD - That I can validate.  I_icon_minitimeSat Apr 13, 2024 11:51 am by Mission1st

» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
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» Russia aren't taking any prisoners
 Pimpy   says --     We know that some countries are holding on to large amounts of IQD - That I can validate.  I_icon_minitimeFri Apr 05, 2024 6:48 pm by kenlej

» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
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» ZIGPLACE
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» Classic Tony is back
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»  Minister of Transport: We do not have authority over any airport in Iraq
 Pimpy   says --     We know that some countries are holding on to large amounts of IQD - That I can validate.  I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

» Did Okie Die?
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» Hello all, I’m new
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» The Renfrows: Prophets for Profits, Happy Anniversary!
 Pimpy   says --     We know that some countries are holding on to large amounts of IQD - That I can validate.  I_icon_minitimeWed Jan 31, 2024 6:46 pm by Mission1st

» What Happens when Cancer is treated with Cannabis? VIDEO
 Pimpy   says --     We know that some countries are holding on to large amounts of IQD - That I can validate.  I_icon_minitimeWed Jan 31, 2024 8:58 am by MadisonParrish

» An Awesome talk between Tucker and Russell Brand
 Pimpy   says --     We know that some countries are holding on to large amounts of IQD - That I can validate.  I_icon_minitimeWed Jan 31, 2024 12:16 am by kenlej

» Trafficking in children
 Pimpy   says --     We know that some countries are holding on to large amounts of IQD - That I can validate.  I_icon_minitimeMon Jan 29, 2024 7:43 pm by kenlej

Pimpy says -- We know that some countries are holding on to large amounts of IQD - That I can validate.

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Post by Ponee Fri Apr 02, 2021 9:14 pm

 Pimpy  


 We know that some countries are holding on to large amounts of IQD - That I can validate.  I can tell you that's for reals...70%-72% of the money is accounted for and not sitting in the hands of speculators and not sitting in the hand of the corrupt people...people were like, 'if you go to reinstate they've printed way too much money.  There's no way they can afford that.'  Well you're assuming that all the money is in the hands of speculators out in public.  I'm saying it's not.  It's in the hands most of the banks...


 As they start accounting for where the dinars are and they're doing that right now, you can understand the difference between trying to reinstate a rate where 85% of your currency might come back at you all at one time at a rate of $3 per dinar.  That would kill an entire economy...If you remember the articles when Al-Kazemi was like 'where the hell is our dinar?'  There was very little there in country...They started investigating further and they started taking this money back...I can tell you that a good portion of this money is being recovered but there's still a little too much out there for them to reinstate a rate...this is just speculation on my part based on the tidbits of information that we get when we speak to people who are currency movers... 


If they know they printed out X amount of dinars but they can only account for a small amount of it you can't do a rate change.  Let's say that 85% of all the outstanding dinar is exchanged at around the same time it would crash the economy.  Let's say you can account for 94-96%...it's easy to reinstate the old rate because you know there's a small amount of dinar out there that you are going to have to account for as far as the rate change is concerned...we know that the money was missing.  We know that Al-Kazemi was investigating that.  That's all public knowledge.  We also know that they're doing what they can right now to recover that money...What is the other option




Well they can't afford the other option - to say look this currency is no good.  Discontinue it and print a new currency.  Can't do that.  It affects the public and they can't afford to do that.  But if you're being told by your investigator  'Hey look...we know based on our investigation we can recoup maybe 94-96% of the money.' That's acceptable ...as much as they've recouped, I don't want to do dates...We'll see what happens...I don't think it's going to take as long as you people think, it really isn't... 

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