A local newspaper in Georgia, USA, reports that some local residents are buying Iraqi dinars in cash form, in the hope of profiting from a revaluation of the currency.
According to the Moultrie Observer, people are buying boxes of crisp Iraqi dinars that look fresh off the printing press. It goes on to quote a local commodities trader as saying he could possibly think of worse investments than Iraqi money at this time, but would be hard pressed to do so:
"If you want to make a wild investment, I'd buy Russian rubles ... It (the dinar) would be one of the most foolhardy investments you can make."
Meanwhile, CNBC columnist Kelley Holland says the dinar is the subject of a variety of scams, and regulators and watchdogs are sounding alarms:
"If someone has been telling you about the rosy prospects for the dinar, please, please, be careful. It's almost certainly too good a story to be true."
On Thursday, Komo News in Seattle, Washington, ran a news report on the dinar and interviewed one woman who had actually bought what she believes to be Iraqi dinars on the internet. You can find the full video report on the next page ...
There must be a budget in place for any country to operate effectively.Now do you smart guys even have any kinda idea how many businesses and CORPORATIONS have invested in the DINAR??Do you guys even realize how that would be a suicidal move to LOP Or redenominate as you guys stated.Remember they are also making money with our purchase of the dinars as well.Since yall are so smart I wonder how much money have they made off the sells alone?Btw think and chew on that just for a minute.
Some times economics is based upon just plain common sense.
You fellows really want it to redenom and lop but so far it hasn't.Why?I believe becuz it's getting ready to revalue fellows soon.lol And y'all can cash in what little u fellows have.
Doc - "A lop is like a total devalue"
You really can't embarrass yourself any more with your "wisdom" can you? A "Lop" is revenue neutral - ie, it doesn't "devalue" anything. If you have $1,000 worth of Dinar's before a "Lop" at 1,170,000 Dinar at 1170:1 ratio, then you'll still have $1,000 of Dinar's afterwards at 1,170 Dinar at 1.17:1 ratio (minus commission fees). That's not "devaluation" at all. Yet more proof you simply don't understand what basic financial terms mean and get them mixed up all the time!
Doc - "they cannot validate that 30 or 70 tril"
Already have - twice - backed up but the CBI and World Bank reports (72.028tn Dinar current M2 figures (and 70.470tn Dinar M2 the previous quarter, etc)). You just didn't like the truth so you tried to "pretend it away" and remain in deep denial of the obvious which absolutely everyone else here can verify in under a minute on the CBI's own website.
Doc - "Now they are producing so much oil that you mean to tell me it can’t handle a few TRILLIONS of dinar being cashed in?"
The Dinar is a fiat currency. It's value is no more backed by oil than it is gold. The CBI doesn't hand out oil for redeeming Dinars at all like old American silver certificates. Yet more massive confusion & misinformation...
Iraq may have a nationalized oil industry but that's a totally different thing to an oil-backed specie currency. Learn how fiat currencies actually work rather than keep irrationally obsessing over Iraq's oil...
Iran has more oil (and almost double Iraq's oil production) than Iraq and their currency is 10x weaker (12,251:1 vs $)? Do you see now, how oil sales & reserves have zero impact on trading values of overprinted fiat currencies? It's the inflation & M2 that makes the most difference. Deep down you already know this which is why you're desperately repeatedly trying to ignore Iraq's obvious verified 72tn money supply because it's the obvious "elephant in the room" for the "RV" crowd (though more like an entire Safari Reserve than just an elephant)...
Doc - "Now do you smart guys even have any kinda idea how many businesses and CORPORATIONS have invested in the DINAR??Do you guys even realize how that would be a suicidal move to LOP Or redenominate as you guys stated."
Nothing "suicidal" about a lop at all because the value remains the same. It doesn't "devalue" at all like you claimed above. And most businesses haven't "invested in the Dinar", they simply bought Dinar's to invest in tangible Iraqi investments, eg, construction, infrastructure, energy & transportation projects, etc. Not the same thing at all.
"Some times economics is based upon just plain common sense."
Yes and that's what "Iraq will not have more money in circulation than all current +180 countries on Earth combined including Iraq" is - common sense...
"CBI has announced that it intends to implement a long-planned redenomination of the Iraqi dinar by eliminating three zeros from the nominal value of bank notes." - SIGIR quarterly report, July 30th 2010.
There's simply nothing left to argue about regarding the SIGIL reports... By all means keep on spamming off 8 posts at a time swearing the grass is blue and the sky is green and projecting your own wants onto Iraq by falsely twisting definitions around - because in the long run it will change nothing with the redenomination process whether it occurs in 2012 or 2013 or 2014, etc.
Cheryl -. If you're still here, then I openly encourage you to cut through vested interest Internet pumper "mistranslations" and "interpretations", and go straight to the source of the reports and hear what the definitions mean directly from their own author's.
Contact page is here:-
http://www.sigir.mil/contact/index.html
Doc, you are incorrect. A redenomination (or "lop" as you call it) doesn't 'devalue' anything. I also don't know understand why you keep arguing about Iraq's money supply figures? They do indeed have over 70 trillion Dinar in circulation. I verified it myself. Would it help if someone other than Barry gave you the link?
http://www.cbi.iq/documents/key%20financial.xls
Open it in Excel and scroll down to rows 86 & 87. It's not that hard to understand. What do you think those CBI currency auctions are all about? A: Selling newly printed money (and constantly expanding the Dinar money supply in the process) for $. Every time Iraq auction money, they're adding to their money supply.
It's pretty obvious Doc is copying pumper nonsense. His obnoxious pontificating against reality is epic. It's quite clear he is stoned or drunk when posting .
Barry, so how many more times will you explain a lop or redenomination ?
Doc, I also suggest you back and read this post as it explain the obvious short-sighted fallacy of some "RV" claims:-
https://www.iraq-businessnews.com/2011/11/11/iraqi-dinars-one-of-the-most-foolhardy-investments-you-can-make/comment-page-10/#comment-104480
If Doc owns $1,000 of Dinar banknotes (1.17m Dinar's) and theoretically the Dinar "RV's" to 1:1 vs $, then Doc will theoretically gain $1.17m. At the same time though all Iraqi products and services sold in Dinar's instantly become 1,000x more expensive for non-Iraqi's precisely because there hasn't been a redenomination and it now takes $1,000 to buy 1,000 Dinars instead if just $1.
So Iraqi products priced at say 1m Dinar in Iraq and exported to the US ($1,000) wouldn't change in price (in Dinars) inside Iraq but would supposedly be worth 1:1 and now cost Americans $1m instead of $1k to buy!. Likewise, American products priced at say $1,000 in the USA and sold to Iraq for currently 1.17m Dinar - and then a 1:1 exchange took place alongside a 1,000x "RV" with no price redenomination - would mean you believe American firms will sell $1,000 products for $1,000 to non-Iraqi's - but for the current real value equivalent of just $1 inside Iraq...
Your entire self-centered reality is based solely on you and some "RV" friends obsessing about changing up your own banknotes and consistently ignoring everything else in the international trade side of the equation and / or everything else that will occur afterwards. You don't seem to understand that if Iraq did move its currency up 1,000x without any price redenomination, America (and all other non-Iraqi's on the planet) would suddenly find Iraqi products 1,000x more expensive, not cheaper, whilst Iraqi's would be demanding American goods be sold for 1,000x less in real terms vs today than everyone else which no sane business would sell at. Trade with Iraq would cease to exist as the exchange rate wouldn't reflect real-world prices without a redenomination...
Same with other currencies. Eg, right now 1 Euro = 1,458 Dinar. Or inversely, 1 Dinar = 0.0006855 Euro's. That would become 1 Euro = 1.458 Dinar and 1 Dinar = 0.6855 Euro's. No way would Germany, etc, sell €500 products for the current equivalent international value of €0.50 - and likewise, no way would German's buy Iraqi products that cost €500 (729k Dinars) today for €500,000 (729k Dinars) tomorrow when non-Iraqi products remain the same Euro value (eg, buy €500 Kuwait goods (175 KWD) for still €500 (175KWD)).
The RV equations are absolutely bogus because they cause a massive, artificial and ludicrous anti-free-market 1,000x fake split between the price of what goods are sold at between Iraq and every country other than Iraq! A product cannot have two simultaneous price tags of $1 and $1,000 depending on whether you're an Iraqi or not (I don't mean $ vs Dinar conversion values but 1,000x fold different values when both are already converted into Dollars!) It's like if America "RV'd" the $, and a northern Montana baker would sell a loaf of bread simultaneously for both $1.50 in America and $1,500 when exported to southern Alberta, Canada a few miles across the border at the same time whilst at the same time, a Texan sold an IPhone for $299 to Texans and $299,000 to Mexicans...
As nice as it is to dream of being given $1m for nothing, you do have to "keep it real" regarding what you want to happen and the effect of what you're claiming back in reality. Exchange rates don't work anywhere near the way you or the RV advocates appear to believe. They always have to balance out or the person on the losing end of the trade (non-Iraqi's) simply wouldn't trade them! What you call the "RV" is nothing but an artificial anti-free-market dictated currency peg adjustment that's wildly unsustainable and unbacked by any economic reality. That Iraq sells some oil is irrelevant. As Barry said, the Dinar is an unbacked fiat currency (actually all curencies on Earth are, no-one uses commodity backing for their currency) - but even if it were backed by oil, you still cannot back $72 trillion of money with a $24.45 billion annual trade surplus (Iraq's total exports (including all oil) minus Iraq's total imports, ie, what Iraq actually net gains each year). That's a discrepancy factor of almost 2,944.
Or to put that in other words, almost 3,000 year's worth of Iraqi oil sales from 2012 AD to 4956 AD would still only just barely cover Iraq's 2012 money supply assuming they never created a single further Dinar over the next 3 millennia!
Doc, please look into this far more seriously than just "My banknotes, My banknotes, My banknotes!" as an "RV" would literally price the whole planet out of doing business with Iraq... People only buy into it when looked at from a "me, me, me" approach. When you look at "post-RV" international transactions, the whole thing falls apart in 5 seconds flat.
"Or to put that in other words, almost 3,000 year’s worth of Iraqi oil sales from 2012 AD to 4956 AD would still only just barely cover Iraq’s 2012 money supply assuming they never created a single further Dinar over the next 3 millennia!"
And Iraq doesn't have 3,000 years of oil. With 143.5bn barrels of oil reserves extracted at 2.5m barrels per day (913m barrels per year), Iraq has only 157 years worth left...
Also, 143.5bn barrels of oil x $100 oil price x 0.75 (Iraqi's burn up 1/4 of all oil extracted themselves internally) = only $10tn - a tiny fraction of what Iraq already has in circulation (and which is growing +20% per year). Subtract Iraq's net imports from that and you get barely $2tn spread over centuries = under $10bn national net wealth gain per year. No matter what measurements you use, 'oil will back a 1:1 exchange vs the US Dollar via an RV' is pure hogwash. In reality, oil doesn't back any currency 1:1 at all.
And whilst we're on the subject of oil, here's a couple of facts:-
1. Less than 1/4 of Iraq's oil goes to the USA
2. Less than 4% of America's imported oil comes from Iraq (only 400k barrels per day, ie, only $14.6bn per year...)
http://www.eia.gov/petroleum/supply/monthly/pdf/table53.pdf
3. Iraq's oil makes up just 2.5% of Earth's. It's completely irrational to obsess about it and not explain why the other 97.5% of 100 other oil producing countries are magically any different including other countries with low-valued currencies, eg, Iran, Nigeria, Venezuela, Angola, etc.
Excellent explanation Dr. K! Thank you. The above is so obvious the only way to fall for the "1:1 revalue" argument is to avoid thinking about anything but "my banknote investment" over and over as if they and their "RV" exist in a magical bubble separate from the global economy and every other country (which will also move 1,000x vs the Dinar).
In my experience on other boards, much opposition to talk about "lops" is almost entirely emotional. People have bought Dinar expecting an rv get upset / frustrated when you point out the global implications of the argument on a day-to-day trading or import/export level. Of course some form of redenomination is inevitable or most exporting businesses will be driven out of business! Iraqi's aren't that stupid they haven't figured out making their own exports 1,000x more expensive in real terms for non-Iraqis to buy won't make them richer, just more uncompetitive vs peer states and put themselves out of business!
"If Doc owns $1,000 of Dinar banknotes (1.17m Dinar’s) and theoretically the Dinar “RV’s” to 1:1 vs $, then Doc will theoretically gain $1.17m. At the same time though all Iraqi products and services sold in Dinar’s instantly become 1,000x more expensive for non-Iraqi’s precisely because there hasn’t been a redenomination and it now takes $1,000 to buy 1,000 Dinars instead if just $1."
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yeah that really doesn't add up. Best thing Iraq could do is make an English language documentary on the Re-Denomination and broadcast it on PBS. would take away a lot of confusion for those who don't understand the ratio exchange thing. thx.
Another Pumper who claimed it could never and would never lop… now say it looks like a lop.
Kaperoni: This article is not good. It appears clearly in this article they are talking redenomination or LOP. I am not giving up hope, but this seems pretty compelling that Iraq may not be honoring the dinar at face value post redenomination. The best one can gain from this is 2X or 3X our investment if this is true.
Ali
Dinar Daddy
Kaperoni
As the pumpers turn.
This is the article that turned Kap
http://dinaralert.webs.com/apps/forums/topics/show/7786283-conscious-deletion-of-zeros-from-the-currency-decision-is-preceded-by-the-fear-of-citizens-and-economists-warned-achievement-
Interesting. I don’t see anything new in this article that hasn’t been said for years now. Why the change now?
Poor Rich… he must be having a really bad day.
Kev,
It's not that they don't understand the lop, the either don't want it to happen and want the fantasy that was promised by the scammers/ gurus/ pumpers or they are pumpers trying to keep the scam going. It's 2nd grade arithmetic and common sense.
LZ, Oh right, I see what you mean. Yeah I can see why some people make money from misselling it. Kind of like the only Dinar millionaires are the ones who've been selling them rather than buying them 🙂
NOPE that's not correct what u r saying.1 dinar right now isn't worth a dollar if they will raise there 1 dinar to 1dollar it will= what, that's very simple economics.How do you even equate something like that to cost them 1000?Your calculation doesn't make sense.Go back and read your comment.If my dinar is worth a tenth of a penny right now and you raise the value to a dollar then the value is a dollar not a cost of a $1000.Lol Wow 1-1 Smh
Nailed it in one, Dr. Keiferland. Exactly what I explained in the post you quoted. Another example:-
You're a Jordanian businessman buying agricultural goods from Iraq (say 100 tons of Iraqi wheat at $263 per metric ton for a total market value of $26,300). Current exchange rates are:-
1170:1 IQD vs USD
1641:1 IQD vs JOD
0.708:1 JOD vs USD
This $26,300 global market price works out to be both 30,771,000 (30m) Iraqi Dinars and 18,620 Jordanian Dinars.
- If Iraq redenominates, then the Dinar moves to 1.17 vs the USD and 1.65 vs the JOD. Price of wheat gets 3-zeroes lopped off and falls to 30,771 new Iraqi Dinars. Price in Jordan is still 18,620 Jordanian Dinar's. Both reflect the global free-market value of wheat.
- If Iraq "RV's" to match the $ 1:1 WITHOUT a redenomination, then the Dinar moves to 0.708:1 JOD vs IQD, but the price of that wheat stays the same (30m Dinars) because it hasn't been redenominated with a 3-zero lop. Iraq's wheat price is now manipulated by an artificial "RV" peg which results it in being 1,000x higher than every other country on Earth. So the Jordanian businessman now sits there in amusement after being asked to pay 18.6m JOD's ($26.3m) for the same amount of wheat that he can still buy from Turkey, Greece, Europe, Asia, S. America, N. America, Russia, Eastern Europe, etc, for same market valued 18.gk JOd's / $26.3k...
LZ - Barry, so how many more times will you explain a lop or redenomination ?
LZ, If people seriously do not see the absurd fallacy of the RV after this (where it finally sinks in that if you appreciate 1,000x vs every other currency in an "RV" without a redenomination, then you will make also the price of exported goods 1,000x more expensive to buy), then I doubt anything short of hypnotherapy will cure them of their brainwashing...
Yup. The "RV" argument is comical because changing a currency's real international value will obviously affect future purchases of goods in that currency. It doesn't work... Same with the "Iraq wants a stronger currency because it sells oil". That's completely stupid and a*s-backward. Oil prices are set by OPEC and are the same for all members - it's only quota's that differ. If Iraq sell oil for $100 and the Dinar is 1:1 vs the $, then Iraq will basically have to sell oil internally for 100 Dinars (equiv to 10 cents per barrel). But without a redenomination, the internal price of Iraqi oil is still 117,000 Dinars per barrel because you don't want to lop 3 digits / redenominate! Whether Iraq is supposed to sell oil externally for $100,000 per barrel or internally for what is the current $ value equivalent of 10 cents per barrel - neither adds up. That's why there can't be any 1,000x "gap" - the ratio has to balance both ways - always has done - always will do. And the only way is via a lop (redenomination).
This really needs to be taught in schools as it's shocking how many grown adults still don't understand even the basics. For the uneducated : "Exchange Rates and Exchange: How Money Affects Trade" -
"In the international market today, the supply and demand for currencies and the resulting relative values of currencies can affect the demand for imports and exports. For example, if we have a strong dollar, the dollar is very valuable compared to other currencies; other currencies appear very inexpensive to us. Because we can buy the currency more cheaply, the prices of the country’s products appear lower to us.
An important negative effect of the strong dollar, however, exists for American exporters. When we have a strong dollar, buyers from other countries see our currency as being very expensive; they must give up more of their currency to buy dollars. As a result, the prices of our products appear more expensive to them. Therefore, the quantity demanded of our exports falls. This harms U.S. exporters, such as computer companies, auto manufacturers, and farmers, because they must lower their prices to try to attract demand for their products, resulting in lower profits and possibly forcing some firms out of business completely. The resulting impact of a strong dollar is a trade deficit. Imports rise, while exports fall."
http://www.econedlink.org/lessons/index.php?lid=342&type=educator
Swap Dollar for Dinar and it's all the same. Stronger Dinar = Iraq's export market gets hammered. And an "RV" that makes Iraq 1,000x stronger would virtually destroy Iraq's export market overnight as "revalued-but-no-redenominated" prices simply wouldn't match up with ordinary market prices in other countries (because countries would be paying 1,000x more for each Dinar but Iraq's internal prices (in Dinars) don't change without a redenomination)...
Amazing how you guys come across so smart but don't look at the simplicity of this whole pics.I challenge some to go and define the term lop and denom for yourselves.These guys are spinning to confuse and cause chaos
I Also examined what Kap said and yall only posted part of what he said.Smh lolWhat's yall motivation pumpers?Yall are the pumpers.Some of you fellows will never say in my opinion..
Those who are objective go and listen to the entire callwith Kap and yall will see what i'm saying.These fellows think they are slick.Anytime a person post part truth they have an agenda.And they must have there friends to support them in order to feel good.Ego,some dolks will do anything to appear to be right.
DOC: "NOPE that’s not correct what u r saying.1 dinar right now isn’t worth a dollar if they will raise there 1 dinar to 1dollar it will= what, that’s very simple economics.How do you even equate something like that to cost them 1000?Your calculation doesn’t make sense.Go back and read your comment.If my dinar is worth a tenth of a penny right now and you raise the value to a dollar then the value is a dollar not a cost of a $1000.Lol Wow 1-1 Smh"
---
I can assure you it is correct Doc - you just don't want to believe it:-
1 Dinar right now = $0.000854 Dollars. After the "RV" you claim (where IQD shoots up by 1,000x vs the $ AND you exchange 1:1 (no prices get redenominated)), then 1 Dinar would = $0.854
NOW : An Iraqi item priced at 11,700 Dinar (currently $10) and sold to the USA means the US buyer needs to buy 11,700 Dinars (costing $10) to import the item.
RV : The Dinar gets "RV'd" 1:1 vs the $. But since everything else changes 1:1 there is nothing lopped, so the same Iraqi item priced at 11,700 Dinar will still be priced at 11,170. But since the $ and Dinar are now at parity, that means the US buyer needs to buy 11,700 Dinars which will now costs him $11,700!
RD : The Dinar gets "RD'd" 1.17:1 vs the and 3 zeroes are lopped off everything (banknotes swapped at 1:1000 and prices fall by 3-decimal places), so the same Iraqi item priced at 11,700 Dinar will now be priced at 11.70 Dinars. Given a new 1.17:1 exchange ratio, this means the US buyer needs to buy 11.70 Dinars which now costs him $10.
If you disagree - then maybe YOU can explain how:-
1. You're going to redenominate without redenominating
2. How if the Dinar will appreciate by 1,000x vs the $, then how come banks won't charge the same rate for selling Dinars as buying them (minus commisson fees)! Either way, it's the number one example of how ludicrous the "RV" argument is.
The "RV" argument means 2 things:-
1 People with existing banknotes will gain 1,000x more ($1m for $1k), AND
2. All future Dinar's will cost all non-Iraqi's 1,000x more $, Euros, Rubles, GB Pounds, Yuan, etc, to buy the same quantity as pre-RV in every future transaction, precisely because of the RV!.
You cannot have one without the other as they are obvious effects of the same thing - a 1,000x fold appreciation vs the Dollar has exactly the same effect as a 1,000x depreciation of the Dollar vs a stable Dinar!
The only way of getting the Dinar to come close to the $ and for the prices of existing Iraqi goods, etc, to match reality is via a redenomination. But of course, that means you will not receive a free million just for holding $1k worth of Dinar's.
Now do you understand why the "lop" process exists and is necessary? It is YOUR maths that are faulty - no-one else's - for claiming that American banks will buy your Dinar's off you 1:1 and simultaneously not resell them to other's buying Dinar's for transactions at the same 1:1 rate!
You are very good at mouthing off - but let's hear YOUR answer to the question : At what rate do you think banks will resell a 1:1 "RV'd" cashed in Dinar for to other people for Dollars (just like you bought them)?
DR R Amazing with all that you say,lol how do you know how much oil iraq has under the ground?. how do you really know what the Us has negogiated
MOUTHING off U aren't making common sense.U r sitting on here just making up stuff.Anyone that has half intellect can see that.All what you're saying is just your opinion.To take things out of context shows your willingness to promote your agenda.
No Doc, you're just p*ssed because we're right and you have absolutely no answers left whatsoever to the obvious absurd contradiction:-
If you own 1m Dinars and the Dinar rate moves from 1170:1 to 1:1, then you have 1m Dollars. But since the exchange rate is 1:1, everyone else who goes to the bank to buy Dinars with Dollars now pays 1,000x more. This is so simple my 7-year old daughter gets it. It's only raging emotional denial ("NO IT CAN'T BE TRUE!") that's your real issue.
Of course it's true. No bank on Earth sells currency for 1,000x less than what it buys it at. As you said yourself earlier "common sense" 😉
DOC: "how do you know how much oil iraq has under the ground?."
----
Yes, half as much as Venezuala who lopped from 2,150 Old Bolivars to 2.15 New Bolivars back in 2008 😉
Now stop running away and answer the question Doc:-
After an RV that lifts the Dinar value to match the $ 1:1, how many $ would you have to pay the bank cashier if you wanted to buy 1,000 Dinar?
Take your time...
IT's very simple sir if I bought a car that is valued at 5000 dollars and the value is raised to 50% now you tell me?Do u really know how investments work?What about the stock market sir.What do you use to invest in the stock market.Are you trying to tell me that currency can't gain in value?Can't continue to gain in value.What's wrong with you guys?
The real problem. As Doc states... "Anyone that has half intellect can see that"
We know now why he sees things the way he does.
Doc - "if I bought a car that is valued at 5000 dollars and the value is raised to 50%"
That's the most stupid analogy going. To start with, prices of goods within a country won't change with your "RV" (Iraqi bread at 1,300 Dinar will still be 1,300 Dinar - it'll only fall to 1.3 Dinar through a redenomination - WHICH IS THE WHOLE POINT OF REDENOMINATING IN THE FIRST PLACE!!!) It's never been about any "get rich quick" thing - only scammers pump that trash.
Not only do you not understand what we are saying - you don't even understand what YOU are saying yourself!
Doc, you look so utterly ridiculous claiming the 1:1 rate only affects people selling Dinars for $ and not buyers buying Dinars for Dollars.
So what do you think they'll exchange at 1:1 for when buying Dinar - 1 Dollar and 999 magic beans?...
Doc - "The RV MUST BE TRUE - BECAUSE IRAQ HAD SOME OIL AND AN AMERICAN MIGHT PAY ME (AN AMERICAN) $2.5K EXTRA FOR MY CAR INSIDE AMERICA"
Christ this is funny. Like watching a pinball in a pinball machine grasping for something - anything - to keep a false fantasy alive...
Doc.... What is your point? You come across as a complete jerk that has an agenda. We will never believe the craziness you are pumping.
Please stay off this thread and go to dinar daddy's site when you sipping your moonshine.
Doc - "IT’s very simple sir if I bought a car that is valued at 5000 dollars and the value is raised to 50% now you tell me?"
If I bought a US pot plant for $1 and it's value was raised 50% to $1.50 inside the US - what on Earth does that have to do with your confused mathematics of claiming a currency A can appreciate 99,000% vs currency B (to give you your free $1m) and still pretend the prices of imports / exports don't change between countries?...
I'll ask again : After an RV that lifts the Dinar value to match the $ 1:1, how many $ would you have to pay the bank cashier if you wanted to buy 1,000 Dinar to purchase Iraqi goods?
They are right doc. The RV maths are absurd and have been all along. Of course it will work two ways! Iraq will redenominate.
They aren't right.Look at their math.lol HOW can they be right,what kinda math are they using.This country will have to add value to their currency one way or the other.You guys aren't making sense and that's a fact.Right now a tenth of a penny is what 1 dinar is worth a tenth of a penny.Now if they revalue and who knows what that really is?But I have reall currency that I paid for with real money.And if I cash it in right now it's still will return me the majority of my money.
And btw where I bought my Dinar from has already told me if they print and put new money in the market they have something in place to exchange for the old 25,000 notes to the New.
I’ll ask again : After an RV that lifts the Dinar value to match the $ 1:1, how many $ would you have to pay the bank cashier if you wanted to buy 1,000 Dinar to purchase Iraqi goods?
Dr R K let me see sir 1 dollar sir and 1000 dinars would be equv.to $1000 dollars
It's not 1000 times 1 it's 1-1 sir if after it revalues and it's valued at 1 to 1 sir that's what it is.How hard can they be.A infant can understand that..Dr R K If someone wanted to go and exchange for it and took a 500 note they would get what.Even a 50 note they would get the value at the time.If it floats up it would be more valuable.BTW what is the value of the Kuwait dinar?????What is the exchange rate for the dollar???How many dollars would you need for 1 Kuwait dinar.Now answer that sir???? Is it 1-1 or what?I'm waiting now for those who are more interested in being right instead of dealing with my question save the fluff and the spinning.
Kev maybe you can answer my question?Maybe Stew or Barry what is the value of the kuwait dinar to the Us dollar???????
Yeah it's called a new 25 dinar note. But the crook that sold you the 25,000 will want a big fee to get you that new 25.
Funny though... earlier you said "BTW It is a currency and I got mine from a BANK"
So are you now saying that a bank has told you they have a plan in place.
So you have lied about having a radio show. Ali has no knowledge of being on a show Sunday night.
You have plagiarized others words as your own.
You have shown mathematical skills of a third grader.
You are a great spokesman for the dinar.
I’d like to thank you for participating here. You have probably done more to dissuade people from buying dinar than I could have ever dreamed of.
Doc.... re you a complete moron?
For you Doc.
Kuwait info:
http://www.cbk.gov.kw/cbkweb/servlet/cbkmain?Action=mtbl&archive=201204&tbl=RM02
Kuwait has 1.2 Billion dinar issued. At $3.56 per dinar, that means the Kuwait dinar is worth $4.27 Billion.
Iraq has 32 Trillion dinar issued. At $.00085 per dinar, that means the Iraqi dinar is worth $27.2 Billion.
So the Iraqi dinar is currently worth 6.4 times more than the Kuwaiti dinar.
Notice that Doc. Iraq has 26.6 thousand times more currency in circulation than Kuwait. For every single Kuwaiti dinar, there are 26.6 thousand Iraqi dinar.
Do you think every Iraqi dinar should be worth the same thing as each Kuwaiti dinar?
STEW those numbers u r talking about are inflated.
NEVER answer my question as usual.Name calling
Making up numbers,name calling,never answer the questions when ask.Great tactics but it won't work.Your opinion of the money supply can't be validated.
26.6thousand Lol times wgat hogwash just grabbing for straws.Smh just to appear ro be right.
Doc,
What do you think our motives and agendas are that we all are calling your RV theory a giant, made up lie intending to swindle suckers out of their money by deception and lies?
Answer that , old buddy?
STEW U R A BIG LIAR.I have various programs and Ali was my special guess.I have no reason to lie about that.But u r showing your true colors liar.You have been shown to be a fraud.Management to man sir.You and Lz are always trying to divert from the truth.LolSpinning
Well u guys need to read your comments.Others were on here and got tired of u fellows foolishness.They are gone.This is real currency that value will be added to it.This has nothing to do with gurus or anyone else.You and others insults
And lies don't mean a thing to me.Continue to speculate becuz others can see u fellows for what yall are.And believe me it shows.lol
Notice how yall r stroking each others Ego lol I'm not trying to convince you fellows of anything