#wearethepeople has been tweeted more than four million times in the past three weeks.
It looks like an anti-government protest, but who’s really behind it?
The Trending team investigates how financial ‘gurus’ are using the hashtag to encourage people to buy Iraqi dinar.
Click here to listen to the report from BBC.
(Source: BBC)
(Iraqi Dinar image via Shutterstock)
what nobody will admit to is that the BIS HAD DE LA RUE PRINT THE SWISS DINAR the kurd`s used but they had no FORMAL GOVERMENT OR CENTRAL BANK! it`s in the bis review from 2004! the currency we hold was printed by DE LA RUE formatted after the SWISS DINAR we have`nt seen any value yet because the KURDS hold the KEY (A SEA OF OIL!) THE BIS AND THE WORLD HONORED THE SWISS DINAR ON THIS ONE FACT THE KURD`S SAID THE OIL WOULD FLOW NO MATTER WHAT! and until them and the goi agree on the HCL & 140 nobody outside of iraq will GET anything! iraq is AT PEAK PUMPING AND SELLING CAPACITY HAVE NOT HAD THIS MUCH OIL FLOWING SINCE THE EARLY 1980`s WHEN GUESS WHAT STEW THEY A RATE OF 3.20 AND THAT RATE WAS BASED ON THE KURD`S SWISS DINAR NOT SADDAMS OVER PRINTED DINAR! READ IT AND WEEP STEW YOUR WRONG AND YOUR BAND OF CHEERLEADERS ARE WRONG! THIS IS ABOUT MONEY AND A WHOLE LOT OF IT! YOU CAN GO INTO ANY BANK OF AMERICA AND PURCHASE 10,000 USD WORTH OF FOREIGN CURRENCY A MONTH FOR TRAVEL PURPORSE`S ARE TO HEDGE ON (SPECULATE) AND THOSE COUNTRIES COULD CARE LESS ABOUT HOW MUCH OF THEIR CURRENCY YOU HOLD! CURRENCY SPECULATION HAS BEEN AROUND SINCE THE FIRST DINAR WAS MADE WAS CALLED THE (EXCHANGE) WHICH BY THE WAY IS THE MOST TRADED OF ANY COMMODITY ON THE STOCK MARKET! for over 10yrs. every corporation in the world has been flocking to iraq but i`m taking my Q from STANDARD CHARTERED BANK I`M QUOTING THEM WE WANT TO BE ON LAND WHEN THIS GOES DOWN WELL TO STEW AND HIS MERRY MEN THEIR OPEN FOR BUSINESS IN BAGHDAD AND ERBIL ALSO IRAQ HAS MADE STATEMENTS OVER THAT LAST FEW WEEKS THAT THEY OPENED A WORLDWIDE EXCHANGE FIRST OF IT`S KIND IN THE HISTORY OF IRAQ! LINKED UP TO LONDON STOCK MARKET THE BOY`S FROM DUBAI AND ABU DAHBI HAVE MOVED IN SO I`LL BE WATCHING WHAT THEY`RE DOING NOT WHAT THEY`RE SAYING HEY STEW NAME A COMPANY THAT`S NOT IN IRAQ THEN YOU CAN TELL ME MY DINAR IS CRAP! JMHO
http://www.bis.org/review/r040202b.pdf?frames=0
Basic math is a skill lacking in the dinar community, so I doubt they’ll even understand this.
That $3 rate you talk about on the Swiss dinar was due to the fact that Iraq in the early eighties had a money supply of 20 Billion dinar. They had $60 billion in reserves to back it up. 60 divided by 20 is 3. That is why they had a $3 rate.
They now have a money supply of 80 TRILLION!! With about $70 billion in reserves that gives them an exchange rate of 1166.
This is very basic math. A fourth grader could understand this if explained. Yet it is beyond the comprehension levels of most dinar believers. (Forbes)
As far as the claim “for over 10yrs. every corporation in the world has been flocking to Iraq”. I can only laugh. Iraq has a GDP of about $200 billion a year. About 80 to 90% of that is from oil sales, which are done in dollars. That leaves a whopping $30 billion or so GDP that is not oil related. If every corporation in the world has been flocking to Iraq for 10 years and they’ve generated $30 billion in GDP, that’s pretty sad.
stew stop you embarrass yourself you know perfectly well Iraq can take that 80 trillion. and reduce it to what ever they want to buy any means they see fit. which they have already implied in the document. "bring the dinar in line with the dollar"
least of all have the stews of this world decide for them on the basis this is the way it's supposed to be done.
"corporation in the world has been flocking to Iraq for 10 years and they’ve generated $30 billion in GDP"
No $20+ billion of that was sent to Iraq after saddam was deposed and has nothing to do with GDP or corporations of the world your saying that $20+ billion is now Irqa's cross domestic product!? No it's money supply in the banks and hands of Iraqis daily. They buy and sell it daily making the dollar a proxy currency for eases of trade. To say it's not part of there economy is just ridiculous
so that 20 billion $ X 1166 = 23320000000000 IDQ again how many trillions do they need to reduce the money supply by to "bring the dinar in line with the dollar"
FYI for some months now the CBI and GOI have been urging citizens to turn in the dollar for that very reason. but Iraq's in general don't trust the CBI or the GOI they like it the way it is until there government makes a move they can believe in. eventually the CBI and GOI will announce exchange it or lose it now given that it would be true to say the amount of dollars over there is less or more than I've stated due all new dollars bought buy Iraq after the 20 billion and worn out destroyed bills plus dollars smuggled back here of which there's many stories.
Now stew must be an accountant for a living he needs to know now what the hell's happened to all those dollars still in Iraq! unaccounted for well it's a bite me on that or they'll do some future long drawn out trade deal. HOW CARES! burn it revalue then print new denomination ( barry believes it already has been!lol ) along with a OMO which is exactly what the new published document is saying.
Todays dinar should have been printed with the same face values as pre war notes and Iraq should have gone OMO as soon as the new parliament opened. then this hole mess would never have become what it is!
I'm done you can't communicate with some one that flies in the face of the evidence.
Paul - "1000 dinar will be 1000 dinar as I always said."
Aside from you being 100% wrong and openly contradicted by the CBI, what you're describing is nothing more than a bank-note design change and means no change in value.
Paul - "deletion of zeros of the Iraqi currency, saying that the deletion of zeros will increase the value of the Iraqi dinar"
Yes by up to 10-15% or so as was described in detail in last year's IMF report. Only the mentally deluded think it means their £500 worth of Dinar will become £2m for no reason. LOL.
Paul - "The process is designed by the Central Bank of Iraq-to reduce the enormous cash lean mass, alleviate inflation as the Bank (monetary inflation) due to increasing amounts of cash pumped into the street, which is called to delete the three zeros from the currency."
Which is exactly what a redenomination is. An "RV" is nothing more than an external peg adjustment that doesn't change the money supply at all. Nor does it require new banknotes.
Paul - "saying the current and new currencies will work simultaneously without reducing their value until full absorption current currency or the (old)".
Which again is a redenomination. The only time you have two different currencies with different currency codes is when you redenominate. Simply "RVing" your currency doesn't require a new currency code or even new banknotes. See China's multiple "RV's", etc. You simply don't understand what you're talking about. Again.
Paul - "Said Deputy Chairman of the Finance Committee in the Iraqi Parliament Ahmed Hassan Faizullah to delete the zeros will not alter the purchasing power of the Iraqi dinar"
Which is what WE have been telling YOU! Now you're openly quoting the same thing which means the exact opposite of what you think it means! 🙂
Paul - "strong desire to keep the Iraqi dinar to the dollar and other currencies compete."
Which instantly debunks the deluded "float" scenario...
Paul - "And expert Joomla pros where the deletion of zeros from the currency, saying it would change the currency strengthen confidence in a symbol of national sovereignty of the country, and can increase the confidence in the national currency among citizens and foreign investors abroad, as well as reducing process (dollarization) using this currency as a store of value and measurement, as well as facilitate trade within the country and facilitate the process of convert KWD to other currencies."
So again, Iraq are planning to redenominate which will not affect the real value, but in the long run a very mild 10% or so natural appreciation may occur as a side effect of reduced dollarization. Which WE have explained to YOU before!
Paul - "That says there will not be any reduction to the nominal value of any banknote thus a 1000 dinar note will be 1000 dinars of new value after the change in the exchange.
ROFL!!!!! You are clueless beyond measure. Delete zeros formality through which alter the nominal value of the coin without compromising the true value" is the exact opposite of your stupid lie. Even your own link debunks you! 🙂
Paul - "Economist and head of economic studies at Mustansiriya University Dr. Abdul Rahman Al-Mashhadani: “delete zeros formality through which alter the nominal value of the coin without compromising the true value and there are real economic effects of the currency will lead to an increase in the GDP of the country, adding that the process is applied without any damage in many countries of the world over the last 30 years including Bolivia, 1986, Russia 1998, Turkey 2005, North Korea 2009″.
Which is exactly what a redenomination is, complete with a list of countries which have redenominated, ie:-
- Turkey redenominated 6 zeros from 1,000,000 Turkish Lira (TRL) -> 1 New Turkish Lira (TRY)
- Bolivia redenominated 6 zeros from 1,000,000 Boliviano (BOP) -> 1 Boliviano (BOB)
- Russia redenominated 3 zeros from 1,000 Rubles (RUR) -> 1 Ruble (RUB)
- Afghanistan redenominated 3 zeros from 1,000 Afghani (AFA) -> 1 Afghani (AFN)
- Venezuela redenominated 3 zeros from 1,000 Bolivar (VEB) -> 1 Bolivar (VEF)
etc.
http://en.wikipedia.org/wiki/Redenomination#List_of_currency_redenominations
Paul - "All I can say is WOW! This is exactly what Dr. Bakri said in his report…"
Yes and you clearly didn't understand a single word of it. 🙂 Amusingly, even your own links openly describe the lop, along with a string of other countries that have lopped, you're simply too stupid to understand what it's actually saying beyond screeching "ME WANT FREE MONEY" entitlement issues. Thanks for finally agreeing with us that Iraq is going to redenominate by posting and cheering on an article openly describing lopping off 3 zeros! 😀
barry says.
Paul - “1000 dinar will be 1000 dinar as I always said.”
Aside from you being 100% wrong and openly contradicted by the CBI, what you’re describing is nothing more than a bank-note design change and means no change in value.
Paul - “deletion of zeros of the Iraqi currency, saying that the deletion of zeros will increase the value of the Iraqi dinar”
Yes by up to 10-15% or so as was described in detail in last year’s IMF report. Only the mentally deluded think it means their £500 worth of Dinar will become £2m for no reason. LOL.
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Paul.
This is the kind of twisted wacko you are your saying I'm 100% wrong then you say I'm right with a year old report from the IMF Then you say I want 2mil £ for my 500 £ what fool hardy individual you are. Read back because you never do here it from me, This is the closest I've ever come is in a scenario of $0.10 per dinar and barry scenario's arn't real until they are implemented.
Now I stand by what I said 1000 dinar will always be 1000 dinar but in your wacko head you interpret that to mean were ever you are in the world. In fact this is how dumb barry is he's assuming as he always does read something in to it that isn't there. He assumes I'm in England based on my logo! and I reference the pound and the dollar some comments back. well in fact he's wrong as always the logo is my fathers birth place I was born here hence the half and half flag. and the comment was me and stew about depreciating values I picked the mighty pound because it's closest to me over the dollar.
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barry.
Paul - “The process is designed by the Central Bank of Iraq-to reduce the enormous cash lean mass, alleviate inflation as the Bank (monetary inflation) due to increasing amounts of cash pumped into the street, which is called to delete the three zeros from the currency.”
Which is exactly what a redenomination is. An “RV” is nothing more than an external peg adjustment that doesn’t change the money supply at all. Nor does it require new banknotes. ( which barry claims are already printed read back )
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Paul.
What's your point I made full reference to the same in my last comment. In one of the ways it could be done the CBI will do it however they please point of fact they could come out tomorrow and state the dinar is now worth a dollar. and there's nothing the GOI or world markets could do about it. have you even read their charter.
The Central Bank as an independent institution under its law ( did you get that! ) issued on the sixth of March of the year 2004, as an independent body which is responsible for maintaining price stability and the implementation of monetary policy,( How clearer do you need it! ) including exchange rate policies and management of foreign reserves and the issuance of currency management,( say it all right there! ) as well as to regulate the banking sector to promote the system Mali competitive and independent, and Bank conducts daily sessions for the sale and purchase of foreign currencies with the exception of public holidays.
Do they listen or take advice sure they do but at the end of the day their rule is what everyone has to go by.
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barry.
Which is exactly what a redenomination is. An “RV” is nothing more than an external peg adjustment that doesn’t change the money supply at all. Nor does it require new banknotes
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Paul.
And your point is! they are doing both slowly over time the document clearly states that. and at some point because revaluing is involved and new bank notes will be printed new bank notes will be required to bring the revaluing into adjustment. any one with even limited understanding can see that but you!
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barry.
Paul - “saying the current and new currencies will work simultaneously without reducing their value until full absorption current currency or the (old)”.
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Paul'
Paul - “1000 dinar will be 1000 dinar as I always said.”
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barry.
Which again is a redenomination. The only time you have two different currencies with different currency codes is when you redenominate. Simply “RVing” your currency doesn’t require a new currency code or even new banknotes. See China’s multiple “RV’s”, etc. You simply don’t understand what you’re talking about. Again.
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Paul.
barry What are Iraqs two currency codes!? because I looked it up Iraq has one code only 369 he's assuming again that the dollar will still be in place when the presses start's no one knows that will be the case. even if it is it will simply be expunged, barry is trying to show you he knows something more than average. codes are just a number relating to the currency for international purposes and Iraqs is 368 that wont change with redenomination or revaluing. what he's desperately trying to hang too is he and is merry men were right all along but the truth is it's going to be both.
He can attempt to spin it till he's blue in the face the facts are now know it will be both first revalue then redenominate for it to be the other way round given the time table being talked about outside the document facts. the new currency would need to be available very soon and as yet no evidence it's even been printed. except for the so called sample's barry believes are real. the ones the Iraqi press never were even able to get a photo of. I have no doubt now that new money will be printed but it wont be all that barry listed more than likely a selection of them.
-------------------------------------------------------------------barry. “Said Deputy Chairman of the Finance Committee in the Iraqi Parliament Ahmed Hassan Faizullah to delete the zeros will not alter the purchasing power of the Iraqi dinar“
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Paul. That is exactly what he's saying one or one thousand.
Paul - “1000 dinar will be 1000 dinar as I always said.”
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barry.
Which is what WE have been telling YOU! Now you’re openly quoting the same thing which means the exact opposite of what you think it means! 🙂
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Paul. WE have been telling YOU! BIG LOL! If what you all come up with was the only INFORMATION OUT THERE IT WOULD BE A SORRY OLD WORLD TO LIVE IN.
Go back and read yours and your stupid merry men's quotes were you all agree deleting the zeros will mean 25000 dinar will be 25 dinar and that would equal $21 The only deluded one I see here is you all backing away from their claim by ranting on that I have always claimed deleting the zeros was not an option. PATHETIC REALLY! you must really think new readers to this section only read the latest posts.
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barry - “strong desire to keep the Iraqi dinar to the dollar and other currencies compete.”
Which instantly debunks the deluded “float” scenario…
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Paul. you really are a true moron if you really think Joomla pros expectation's can be met without entering the world currency stage OMO
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barry. Paul - “That says there will not be any reduction to the nominal value of any banknote thus a 1000 dinar note will be 1000 dinars of new value after the change in the exchange.
( later on barry switches to say will not be any reduction to the nominal value of any coins )
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Paul.! I'll just cut and passed here barry even starts his comment agreeing with me. Paul - “1000 dinar will be 1000 dinar as I always said.”
The wheels on the bus go round and round all day long second verse same as the first........
To which I say Go back and read yours and your stupid merry men's quotes were you all agree deleting the zeros will mean 25000 dinar will be 25 dinar and that would equal $21 The only deluded one I see here is you all backing away from there claim is you by ranting on that I have always claimed deleting the zeros was not an option. PATHETIC REALLY! you must really think new readers to this section only read the latest posts.
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ROFL!!!!! You are clueless beyond measure. Delete zeros formality through which alter the nominal value of the coin without compromising the true value” is the exact opposite of your stupid lie. Even your own link debunks you! 🙂
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What an idiot "only effects the coin nominal value" sad to see you talking in oxymoron's no not really because you are on. barry is saying Delete zeros will alter the nominal value of the coin. There can only be one conclusion he's talking about coins that are not in circulation!
"Delete zeros formality through which alter the nominal value of the coin without compromising the true value”
Again barry explain you started your comments with Paul - “1000 dinar will be 1000 dinar as I always said.” Aside from you being 100% wrong"
and throughout your comment's you reference many times over other experts people your self excluded saying the same thing I always have side “1000 dinar will be 1000 dinar as I always said.”
Ahmed Hassan Faizullah to delete the zeros will not alter the purchasing power of the Iraqi dinar“
In your moron head how are those two quotes different?!
I think you've more than proved who's the straw man and it's time for you to go back to OZ land.
As far as your list of counties and blind ignorance of what's been stated it's been used as an example kind of like your sample money.
and at the end of the day to come only the CBI decide not Economist. that would be like giving the ball to lines man to complete the touch down.
And as to your final pathetic rant. Yah I'll celebrate any news that draws a path to OMO float but sadly for you it's not going to be your dream of 25000 DINAR = 25 DINAR LOL! Ahmed Hassan Faizullah to delete the zeros will not alter the purchasing power of the Iraqi dinar“ Paul - “1000 dinar will be 1000 dinar as I always said.” entitlement issues no obamas too mean to enable me to qualify.
I do know one thing barry your invested your far too over passionate not to be. so go RV go zeros go something but most of all go OMO.
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Paul, there's almost nothing lucid there to respond to, beyond one giant ego arguing for the sake of arguing without actually making an argument and ultimately just sulking because your beliefs have been shot down.
It's obvious you can't even READ properly and have gotten everything as totally backwards as is possible:-
Paul - "No $20+ billion of that was sent to Iraq after saddam was deposed and has nothing to do with GDP or corporations of the world your saying that $20+ billion is now Irqa’s cross domestic product!?"
Stew correctly said in the 1980's Iraq's money supply was a mere 20-25bn Dinar. Since then, Iraq have inflated their money supply by printing a massive 87,700bn Dinar (it's actually gone up from 85tn to 87.7tn) since Dec 2013. That's why the Dinar fell in value in the first place - Iraq experienced inflation of over 300% every year for a decade in the late 80's to early 90's.
When Iraq printed +3,000x more money, the Dinar fell in value from 1:$3 to 1164:$1. You print 3,000x more money, your currency falls in value by 3,000x. Iraq is no different to Zimbabwe or 1920's Germany.
Paul - "20 billion $ X 1166 = 23320000000000 IDQ again how many trillions do they need to reduce the money supply by to “bring the dinar in line with the dollar”
They don't HAVE 20 billion Dinar anymore, they now have 87,700bn Dinar. And it would cost them 87.7 TRILLION Dollars to "bring the Dinar in line with the Dollar", and Iraq only has $80bn of currency reserves, hence the redenomination.
This is why you and the other RV scam victims are deluded to the core - your tiny brains simply cannot comprehend the +300% inflation Iraq has gone through, or why the solution to printing too much money is not printing 1,000x more money or why printing more money doesn't make any currency's value go UP...
Go ahead, keep up your little temper tantrum. It will change absolutely nothing. If you can't even figure out something simple like printing more money = your currency's value goes down, that just about sums up everything everyone ever needs to know about your "discernment" and "education"... LOL. 😀
Paul: "Again barry explain you started your comments with Paul – “1000 dinar will be 1000 dinar as I always said.” Aside from you being 100% wrong”
and throughout your comment’s you reference many times over other experts people your self excluded saying the same thing I always have side “1000 dinar will be 1000 dinar as I always said.”"
Are you truly that stupid?
- Iraq are to delete 3 zeros in a currency redenomination - which means they plan to swap 1,000 Dinar at 1166:1 (worth 86 cents) for 1 Dinar at 1.166:1 (worth 86 cents) or or a country level, they plan to swap 87 TRILLION massively inflated Dinar @ 1166:1 for 87 BILLION Dinar @ 1.166:1. There is obviously zero change in real value. 1,000 Dinar at 1166:1 won't be 1,000 Dinar @ 1.166:1 precisely because they're DELETING 3 ZEROS, and 1,000 with 3 zeros deleted is 1 not 1,000, just like 1166:1 with 3 zeros deleted is 1.166:1.
IT'S THE PROCESS OF EXCHANGING AT 1:1000 THAT RAISES THE VALUE BY 1000:1!
Jesus Christ, it's not that hard (to all but the terminally stupid...)
LOL. You're wasting your time Barry, John, Stew, etc. Some people really are too stupid to understand that they're too stupid to understand something... 😉
Richardson.
"Iraq are to delete 3 zeros in a currency redenomination – which means they plan to swap 1,000 Dinar at 1166:1 (worth 86 cents) for 1 Dinar at 1.166:1 (worth 86 cents)"
Paul. Didn't ad the rest because it's the same thing!
Did I ever say 1 dinar will be worth 1000 dollars never but that's what you morons are trying miserably to turn it into. All anyone has to do is look back and it's as clear as day what my quote represents. “1000 dinar will be 1000 dinar as I always said”
look at the original comment,
They are banking on you not doing that because it will prove that for all there ranting on the subject is foolhardy and pointless.
Richardson.
Are you truly that stupid?
Paul.
"stupid is as stupid does"
It means that an intelligent person who does stupid things is still stupid. Barry, John, Stew,
Richardson.
IT’S THE PROCESS OF EXCHANGING AT 1:1000! There is obviously zero change in real value.
Jesus Christ, it’s not that hard (to all but the terminally stupid
Paul.
OMG. he's just told you 1000 dinar will be 1000 dinar, " There is obviously zero change in real value" I agree Iraqi citizens will not exchange 1000 dinar for 1 dinar unless in country that one dinar equals 1000 dinar of spending power.
May be the Barry's John's stew's of this world would be happy to trade $1000 for a $1.00 after all "stupid is as stupid does"
Or is he telling you the dinar pumper lie "THAT RAISES THE VALUE BY 1000:1"
He also blindly assumes that after revaluing de-dollarizing printing new denomination the exchange rate will be 1166.000 and nothing in his mind can change that. Not even what the CBI decide to do, as the process moves along as each step is implemented to which the CBI has not commented what will take place first. No Richardson demands the exchange rate stays the same through out the whole process. It must be good to be the all knowing guru for what's to come.
Bob says:! well nothing as usual all he can do is cheerlead the kind of guy that follows the crowd and say nothing just to fit in somewhere.
Barry. "beliefs have been shot down"
Paul.
One of your own guru's! 1,000 Dinar at 1166:1 (worth 86 cents) for 1 Dinar at 1.166:1 worth 86 cents
So in the minds of you fool's they are going through this whole process for nothing! 1.166:1 will be the exchange rate from start to finnish you are all really out in OZ land. I guess your all of the same thinking which would mean you also think every other counties exchange rate stays the same. Day in Day out and market forces don't apply in your heads!
As the document states over and over processes to be applied over time it don't get any clearer than that.
Which gets interpreted by you all to mean one hit wonder overnight event! revaluing de-dollarizing printing new denomination what ever they do first OMG 1.166:1 Will never change through out It don't get any dumber that that!
Paul. says barry twisting things as always it's the best he can do other than copy strew.
barry.
Stew correctly said in the 1980′s Iraq’s money supply was a mere 20-25bn Dinar. Since then, Iraq have inflated their money supply by printing a massive 87,700bn Dinar (it’s actually gone up from 85tn to 87.7tn) since Dec 2013. That’s why the Dinar fell in value in the first place – Iraq experienced inflation of over 300% every year for a decade in the late 80′s to early 90′s.
Paul. that comment from stew was so far back I don't care to count.
Paul. What stew actually said eight comments back.
"That leaves a whopping $30 billion or so GDP that is not oil related. If every corporation in the world has been flocking to Iraq for 10 years and they’ve generated $30 billion in GDP, that’s pretty sad."
Paul. nine comments back.
No $20+ billion of that was sent to Iraq after saddam was deposed and has nothing to do with GDP or corporations of the world your saying that $20+ billion is now Irqa’s cross domestic product!? No it’s money supply in the banks and hands of Iraqis daily. They buy and sell it daily making the dollar a proxy currency for eases of trade. To say it’s not part of there economy is just ridiculous
so that 20 billion $ X 1166 = 23320000000000 IDQ again how many trillions do they need to reduce the money supply by to “bring the dinar in line with the dollar”
Paul. Nice try barry you can't even back track comments correctly and when you do you jumble them up deliberately. And yet you expect people to take you seriously!
barry.
When Iraq printed +3,000x more money, the Dinar fell in value from 1:$3 to 1164:$1. You print 3,000x more money, your currency falls in value by 3,000x. Iraq is no different to Zimbabwe or 1920′s Germany.
Paul.
Durr! goes barry again copying stew, 80′s to early 90′s all that money was destroyed post liberation. Unless you think saddams face is on the present notes! Then the 20 billion + dollars was sent over then the new todays currency was printed. The mistake as I believe was the new notes should have had the same face value as the old.
barry,
They don’t HAVE 20 billion Dinar anymore, they now have 87,700bn Dinar. And it would cost them 87.7 TRILLION Dollars to “bring the Dinar in line with the Dollar”, and Iraq only has $80bn of currency reserves, hence the redenomination.
Paul.
Did I make a comment about 20 billion dinar!? No but barry sees it!
“20 billion $ X 1166 = 23320000000000 IDQ again how many trillions do they need to reduce the money supply by to “bring the dinar in line with the dollar”
barry.
And it would cost them 87.7 TRILLION Dollars $80bn of currency reserves,
Paul.
$80 billion of currency reserves $80 X 1166 = 93280000000000 IDQ how many zeros in a trillion! could this be the de-dollarization plan? I don't know I'm not the CBI But apparently the Barry, John, Stew, of this world think they are the CBI by claiming 1166:1 will stay the same no matter what changes take place first! must have a secret source in side man top level Intel, just like the dinar pumpers do,
barry.
This is why you and the other RV scam victims are deluded to the core – your tiny brains simply cannot comprehend the +300% inflation Iraq has gone through, or why the solution to printing too much money is not printing 1,000x more money or why printing more money doesn’t make any currency’s value go UP
Paul.
Moron believes saddams inflation carried over! yet again they burned it and started a new with the dollar the problem was some idiot wanted new dinar notes with to many zeros and printed far too many of them. I don't need any half baked understanding from you. Americas doing it month in month out year in year out During Fiscal Year (FY) 2013, the Bureau of Engraving and Printing delivered approximately 26 million notes a day 365 = $9490000000
Obama's inflation control deficit seventeen and a half trillion.
IRAQ
Total government debt is estimated to be $92.3 billion in 2010 and is comprised of the following components:
External debt ($87.7 billion, of which $45 billion can be subject to debt reduction by non-Paris Club official creditors, comparable to the Paris Club agreement)
Domestic debt ($4.6 billion)
If I had the money I know who's bills I'd rather pay.
I have a new name for the the Barry's John's Stew's of this world.
THE DOOM AND GLOOM CLUB
Paul - "all that money was destroyed post liberation."
Iraq's money supply since 2003:-
2004 = 12.25tn Dinar
2005 = 14.68tn Dinar
2006 = 21.08tn Dinar
2007 = 26.95tn Dinar
2008 = 34.92tn Dinar
2009 = 45.44tn Dinar
2010 = 60.26tn Dinar
2011 = 65.11tn Dinar
2012 = 72.02tn Dinar
2013 = 85.10tn Dinar
2014 = 87.73tn Dinar
http://www.cbi.iq/documents/key%20financial.xls
Enough said...
.
Bob - "You’re wasting your time Barry, John, Stew, etc. Some people really are too stupid to understand that they’re too stupid to understand something"
Agreed Bob! The guy's posts aren't even legible anymore. LOL 😀
barry. caught out switching what's said like a true hack changes the subject.
" Enough said…" Your Guru Okie_Oil_Man aren't you well known in the dinar arena.
Paul. says barry twisting things as always it’s the best he can do other than copy strew.
barry.
Stew correctly said in the 1980′s Iraq’s money supply was a mere 20-25bn Dinar. Since then, Iraq have inflated their money supply by printing a massive 87,700bn Dinar (it’s actually gone up from 85tn to 87.7tn) since Dec 2013. That’s why the Dinar fell in value in the first place – Iraq experienced inflation of over 300% every year for a decade in the late 80′s to early 90′s.
Paul. that comment from stew was so far back I don’t care to count.
-------------------------------------------------------------------
Paul. What stew actually said eight comments back.
“That leaves a whopping $30 billion or so GDP that is not oil related. If every corporation in the world has been flocking to Iraq for 10 years and they’ve generated $30 billion in GDP, that’s pretty sad.”
Paul. nine comments back.
No $20+ billion of that was sent to Iraq after saddam was deposed and has nothing to do with GDP or corporations of the world your saying that $20+ billion is now Irqa’s cross domestic product!? No it’s money supply in the banks and hands of Iraqis daily. They buy and sell it daily making the dollar a proxy currency for eases of trade. To say it’s not part of there economy is just ridiculous
so that 20 billion $ X 1166 = 23320000000000 IDQ again how many trillions do they need to reduce the money supply by to “bring the dinar in line with the dollar”
-------------------------------------------------------------------
Paul. Nice try barry you can’t even back track comments correctly and when you do you jumble them up deliberately. And yet you expect people to take you seriously!
Paul. It don't get any sadder reposting support!
Bob – “You’re wasting your time Barry, John, Stew, etc. Some people really are too stupid to understand that they’re too stupid to understand something”
It don't get any sadder reposting support!
Agreed Bob! The guy’s posts aren’t even legible anymore. LOL
Stupid is as stupid does, No got that wrong it implies intelligence on your part.
paul what they don`t understand is the kurds hold the key (sea of oil) if the BIS bank of international settlements let the kurds print the SWISS DINAR without a CENTRAL BANK OR FORMALLY FORMED GOVERMENT just on the word that the oil will flow no matter what! THAT`S TRUE ECONOMIC POWER! then they don`t understand that saddams dinar was only being honored because he had control of the CBI! the kurds swiss dinar is what was truly holding up iraq after they put SANCTIONS ON SADDAM AND HIS REGIME BUT LET THEM HAVE THEIR NAY-SAYERS MOMENTS BECAUSE THIS THINGS IS ALMOST DONE!
2collect, The Swiss Dinar has already "RV'd" by 1:150 back in 2003, and is no longer even legal tender since 2004. LOL.
Good God Paul, you can't even READ. GDP is not "money supply". Iraq's money supply WAS $20bn 3 decades ago, NOW it's 88,000bn. And today's date is March 13th 2014, not March 13th 1981. You either have some genuine learning disability or are simply trolling.
"Money Supply M2 in Iraq increased to 87766 IQD Billion in December of 2013 from 84697 IQD Billion in November of 2013. Money Supply M2 in Iraq is reported by the Central Bank of Iraq. Money Supply M2 in Iraq averaged 40263.08 IQD Billion from 2004 until 2013, reaching an all time high of 87766 IQD Billion in December of 2013"
Since words are obviously too difficult for you to grasp, here's a nice picture:-
http://www.tradingeconomics.com/iraq/money-supply-m2
The rest is just your self-inflated ego demanding an answer to points which have already been repeatedly answered over & over, but which all flew straight over your head because you simply lack the mental capacity to grasp almost anything. Sorry, but I simply can't dumb it down any more for you, and I'm not going to repeat the same already given answers over & over simply so you can go through your little ego-tap-dance routine...
Barry. I think what 2Collect is claiming, which is total nonsense and a blatant lie like always, is the Kurds kept on printing Swiss Dinar in the late 90s, early 2000s while the rest of the country had moved on to the Saddam dinar.
The truth is the Kurds continued to use the Swiss dinar as currency and refused to use the Saddam dinar, but they never printed any. They simply continued to use what was already in circulation.
Some idiot named DontLop on DV has been pushing Swiss dinar misinformation for a while now as if it proves something. The number of Swiss dinar floating around the Kurdish region was miniscule and irrelevant considering Saddam pumped out almost 5 Trillion of his new notes.
Just to put the Swiss dinar in perspective.
Iraq had a total money supply back then of about 20 billion.
Lets say half of that was physical notes, so 10 billion.
When Iraq switched to the Saddam notes and the Kurdish area was isolated, lets say 5 billion of those notes ended up in the Kurdish area. Probably not that high, but let's be kind.
So the Kurds had 5 billion dinar. Saddam had pumped out 5 Trillion.
The Swiss dinar in the Kurdish area made up 1/10th of 1% of Iraq's money supply.
LOL. Yet there are idiots who think it holds the key!!
barry, Good God Paul, you can’t even READ. GDP is not “money supply”.
Paul. quote me saying gross domestic product is money supply!
"$20+ billion of that was sent to Iraq after saddam was deposed and has nothing to do with GDP"
Stop switching around comments you make yourself look pathetic.
Stew, yeah I understand that. The Kurds couldn't have "printed" Swiss Dinar because they get their name from the Swiss printing plates that no-one in Iraq had access to after sanctions. That's why there were so many torn & worn out Swiss Dinar - they couldn't print any more to replace them. Of course, facts like that don't matter to the brainwashed RV cultists who simply crayon in their personal fantasies and call it "the truth" then shriek & wail when their lies get outed. 🙂
As for 2COLLECT, he's the guy who couldn't tell 1 million from 1 billion even with 2 attempts with a calculator. LOL. 😉
You guys are so full of crap and envy over #wearethepeople.
Envious wimps.
Really Envious! Enough to wish I was going to jail! with Tony TURD Renfrow! Why do you people worship theses' conman who are only out to take from you whatever they can. You know your just a walking ATM as far as they are concerned they don't give a crap about you and your life. And they fake to be religious to sucker you in, wearethepeople has not made on iota of difference to any reform or change really come on put your brain in gear. Show me one person of any significance that has paid any attention to the crappie little campaign wearethepeople. you'll have better luck finding rocking horse shit! I guess by calling your self TMAN you are Tony the TURD Renfrow and you'll have know problem finding rocking horse shit and you more than likely have willing buyer!
"You guys are so full of crap and envy"
"wearethepeople". ROFL. That's run by that guru scammer Tony Renfrow who's being prosecuted for fraud right?... Yeah we sure are "envious" of someone going to jail. LOL 😀
“1000 dinar will be 1000 dinar as I always said"
Stew "Zambia redenominated and deleted 3 zeros. (same as what Iraq plans to do)"
who's the ignorant dumb ass now stew! When you see these note's stew please let me know how many zeros you see,
They are not Lopping the dinar, New dinar same face value as currant
Because of this statement.."will not be pulling rolling them now or in the future" you can be assured that the IQD is the currency of Iraq and that you will gain from this dinar investment as the dinar appreciates in value. We just have to wait for the CBI to transition to Article VIII and follow the IMF..they have told us the plan.
Economic News> 04/09/2014
Iraq - Baghdad \ My News Agency
Revealed the CBI, Wednesday, for reprinting the new series of banknotes currently in circulation in new and more protection as the new currency will help the blind to see the value categories.
The central bank said in a statement seen by my news agency that "the new print include Islamic and Gregorian dates and the signing of the Governor of the Central Bank and the Agency Abdul Basit Turki Saeed, with the addition after the security tags."
The statement added that "the current banknotes will continue to be traded with the new will not be pulling rolling them now or in the future
http://beladinews.net/?aa=news&id22=8384
LOL... too funny.
So what's the new rate going to be Paul? How rich are you going to be?
It is funny when your the only one laughing! where's your lop gone far far away! Fingered you'd be too ignorant to admit you were WRONG!
what’s the new rate going to be, you tell me you claim to be the expert with your fills and other countries microeconomics bulls--t.
Only the CBI IMF AND UST know what the rate will be being an expert I thought you would already know. But your not and neither am I so all we can do is wait and see. oh how many time have I stated it that way here I've lost count.
How rich are you going to be
I don't know how could I possibly know I'm not the one who adamantly claimed lopping the zeros wooshhh down the sh==ter was the only option for Iraq. But I do know your 25000 dinar will be worth 25 dinar dream is with sleeping beauty and the prince is dead!
All joking around aside I'm thinking a float OMO with a rate on par with the dollar or below. from there I'll just stick with it and see how it turns out. sick of repeating my saying that time and time again here. “1000 dinar will be 1000 dinar as I always said” unless the taliban take the country.
So you have no clue what's going on, but you're here to scream insults at others. Nice.
All they're doing is printing new notes with more security features and a new feature that will allow blind people to tell notes apart.
A number of the articles announcing this even talk about the plan to remove 3 zeros (lop). They say the plan is still being debated, but is still on hold. Nothing new there. Nothing changed, they still have a plan to lop, some want to do it, some don't.
Some of the announcements also mention a new 50,000 dinar note? Do you think they are issuing even bigger denominations and will RV?
Many many many countries issue new series of bills, happens all the time. The US just issued bills recently and added color to some of the denominations. It's a very common event. Only in dinar land does this somehow equate to a great event and foretell a big RV.
Back to Forbes: :"You Can't Fix Stupid"
Sure I do have a clue they are not lopping the zeros! Insults boohoo just returning everything you have called me in the past it's all right here in the comments.
"o" Really stew your saying the new notes are just for security and the blind! Get a grip of yourself your wrong. It's the new currency period! they just mite bring in the coins or fills as you like to call them. but that's not going to change anything there just lose change as in every other country has them.
The ones still ranting on about looping are you and some disappointed MP's in Iraq. I told you before but you'd have none of it, The CBI dose it there way it would not matter even if parliament passed any change in the dinar. The CBI HAS FINAL SAY IN ALL FINANCIAL MATTERS concerning currency, yes I've read all the chatter about holding it off till 2015 do your really think they are going to change it again in a year! Dream on.
If they do print a fifty thousand note it has nothing to do with some kind of revaluation. If you read what they are saying about what it's for you'd already know. As you don't it's for large purchasing of international goods or servicing supply.
"the US just issued bills recently and added color to some of the denominations."
Really do they stew I would have never known other countries print new bills from time to time. what a shocking revelation that is! Really did I miss the new USA NEW BILLS it's just one bill stew http://www.mriguide.com/updates2011.htm with color and better security. "to some of the denominations you say !" as far as I know it's just one the $100 dollar bill face value that is.
Really stew dinar-land! I'd rather be their than in your yellow brick road land where everything goes the way you expect it too. Sorry the wicked which (CBI) won in the dinar-land story.
OMG stew, The for-telling of the new Iraqi dinar does not make any RV imminent but it dose bring it closer to the eventuality that Iraq will soon be joining the rest of the world. way your so anti Iraq I'll never understand do you not want them to be a happy nation once again?
Back to Forbes: :”You Can’t Fix Stupid”
Really your going back to that hack reporter! who changed his mind after his so called investigation that was nothing more than a rehash from other hacks. It's all here in the comments links and all. He did manage to sell a lot of his new book from it could that have been his intent. Not in your mind he's the bastion of truth quite sad really I've even forgot his name he's that unimportant. No better than a dinar hack so called guru promising RV everyday to get you to buy dinar from them or through them.
At the end of the day stew it can only be two things now, a float or a reval if you think it will be something else enlighten us O wise one.
You're an angry guy aren't you Paul. You're angry with the gurus who talked you into this scam because their constant RV promises are not coming true, yet you still believe in the big RV, so you're also angry with me and others who tell the truth about the dinar.
More truth. How does adding new bills foretell a float or an RV?
It does nothing of the sort. It simply means more of the same. No change to the value. It might fluctuate a few %, who knows. But it will be more gurus calling the RV on a daily basis, more confused investors getting sucked into the scam, and more people like myself trying to inform people of the truth.
No I'm not angry with any one but idiot's like you. No I don't believe the bank scammed me they had no clue it would be taken off the exchange.
your talking crap as always because you've been proved wrong over and over again. You and the other idiot's just can't face the truth that thing are moving along quit nicely in Iraq. If I was foolish enough to follow you I'd be on skid-row.
"More truth. How does adding new bills foretell a float or an RV?"
besides what's already know what they are for, they have nothing to do with RV other than replacing old worn out bills.
see last comment! "No change to the value" you know this how? O I forget your stew the all knowing lopping guru LOL!
how gives a crap about what idiot guru's are doing any one can make there own choice. If they follow you they now know you were wrong about lopping the zero's that's the truth of it. and you will also be be wrong with your new claim "No change to the value" looking forward to that day too.
Here this is right up your street.
A member of the Finance Committee: re-print banknotes is waste of time
10/04/2014 http://www.ninanews.com/english/News_Details.asp?ar95_VQ=HDKFLF
BAGHDAD / NINA / A member of the Finance Committee of the Kurdistan Alliance MP, Ahmed Hassan Faidhullah describing printing new banknotes as a " waste of time " .Faidhullah said in a statement to the National Iraqi News Agency / NINA / : "The current currency is suitable and there is no need to be replaced ."The member of the Finance Committee called the central bank to " put a positive plans for the stability of the Iraqi dinar against the U.S. dollar , instead of issuing a new currency to confuse the Iraqi market ."The Central Bank of Iraq announced to re- print Iraqi banknotes in a new shape.
He has no say in what the CBI Will do he's just pissed about not lopping the zero's and the idiot that can't even see old bills need to be replaced. He was probably a janitor before he ran for office just look at his words. "The current currency is suitable and there is no need to be replaced ." He's saying it's stable and then requests RV " put a positive plans for the stability of the Iraqi dinar against the U.S. dollar ,
Your just like him stew you follow what Iraq is saying and not what they are doing. If I relayed on the likes of you for the truth I'd be on government hand outs by now.
Finance: let the CBI improve the status of the dinar against other currencies
What do you think that means stew! Just another parliamentarian screaming for the RV Probably not to you he must be calling to lop the zero's again.
April 10, 2014
Announced the parliamentary Finance Committee that the Iraqi dinar stable, stressing that the central bank has to manages to improve the situation of the Iraqi dinar against other currencies. Said committee member MP Hassan al-Bayati said that "the Iraqi dinar is not in its right and true, and the Central Bank of Iraq to take appropriate measures to improve and put it in front of the other currencies. said MP al-Bayati, "there is a difference in the exchange rate between the central bank and the market, stressing that the latter is limited by the price." according to the newspaper brotherhood The Committee on the economy and investment representative had carried earlier in the central bank responsible for the fluctuation of the price of the Iraqi dinar in front of the other currencies, on the grounds that he directly responsible for monetary policy in the country.It is noteworthy that the Central Bank of Iraq, for reprinting the Iraqi banknotes with pictures of new and more protection. At a time in which the bank pointed out that the currency will continue to be traded now, stressed that the new currency will help the blind to see the value of these categories. The bank said in a press release, he "re-print the new series of banknotes of Iraq and the currently circulating pictures of new and superior protection, using a good quality of printing paper, with the inclusion of the two dates Hijri and Gregorian and the signing of the Governor of the Central Bank and the Agency Abdul Basit Turki Saeed, with the addition after security tags . " and noted that "the banknotes current will continue trading with the new will not be pulling rolling them now or in the future." the statement added, that "the categories of the 250, 500 and 1,000 dinars has been added to signs of a new security upon which bristles color visible and invisible signs circular for the visually impaired (blind), in addition to coating the banknotes protective coating to protect it from dust, as well as ensure the thread width of 1.2 mm. "
http://www.mubasher.info/ISX/news/2520540/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%AA%D8%AF%D8%B9%D9%88%D8%A7-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D8%AA%D8%AD%D8%B3%D9%8A%D9%86-%D9%88%D8%B6%D8%B9-%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D8%A7%D9%85%D8%A7%D9%85-%D8%A8%D8%A7%D9%82%D9%8A-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA
LOL. I know Stew. He's like a small raging perpetually-confused child with huge entitlement issues...
Iraq can "float" the Dinar all they want. All that will achieve is the removal of the official 1166:1 peg, and the Dinar will subsequently be valued by the market, which right now is at a fair market rate of 1218:1 (and regularly fluctuates between 1200:1-1250:1):-
http://www.cbi.iq/documents/CBI_FOREIGN_EXCHANGE_AUCTIONS.pdf
...Which is precisely why Iraq have said they WON'T float the Dinar several dozens times as they want a STABLE Dinar whose value doesn't move at all vs the USD for stability of trade & foreign investment.
THAT is what the Iraqi Finance Committee were talking about re: "there is a difference in the exchange rate between the central bank and the market" - 1166:1 vs 1218:1 - the latter possibly being "undervalue" by all of 5%...
Anyone talking about "floating to $1" is completely divorced from reality on mind-altering drugs...
BOOHOO barry lost your your delete the zeros claim crap.
"Iraq can “float” the Dinar all they want. All that will achieve is the removal of the official 1166:1 peg, and the Dinar will subsequently be valued by the market, which right now is at a fair market rate of 1218:1 (and regularly fluctuates between 1200:1-1250:1):-"
LOL peg no peg to the US dollar it has to be internationally accepted and exchangeable to be pegged. and as far as I know no bank is offering 0.00086 per dinar.
You talk like they need advice from you lol.
"Dinar will subsequently be valued by the market,"
you missed out a word international OMO Forex duh!
"they want a Dinar whose value doesn't move at all vs the USD for stability of trade & foreign investment."
Yha I'm sure they do want to payout billions instead of millions for world trade goods and services. LOL
Haven't you learned buy now after Iraq made many a claim to deleting the zero's. look at what they are doing not what there saying,
"the Central Bank of Iraq to take appropriate measures to improve and put it in front of the other currencies."
he doesn't even see that's what the CBI is doing.
90 ton of gold with plans to buy more.
keeping the currency value the same
next will come the surprise your going to hate more than not deleting the zero's
1166:1 peg fluctuates between 1200:1-1250:1 1166:1 vs 1218:1 I don't see any of that in his words. you must be mind readers The CBI will do it there way not the way some nobody like you fool's or some Finance Committee think it has to be. Same as they did with not deleting the zero's and know one knows what that will be until they announce it.
Did the doom and gloom club start there own anti Iraq site yet?
probably not you'd not get many visits.
FYI moron I said a dollar or below there's a difference. I'll be back to gloat some more when the CBI drops it's next bombshell.
In the mean time write to as many ministers as you can ask them to bring back deleting the zero's LOL
"BOOHOO LOL peg no peg, you missed out a word international OMO Forex duh!"
LOL. I was joking but now he actually sounds like he IS on drugs. 🙂
"Yha I’m sure they do want to payout billions instead of millions for world trade goods and services"
And now Paul seems to think Iraq is going to importing $499 laptops for $0.49 and Porsche Boxsters for $50. Case closed... 😀
It's truly stunning how far divorced from reality these guys are.
I read his crap and want to respond, but figure what the use. He's incapable of comprehending even the most basic principles of currencies, exchange rates, and economics.
Paul.
Here's a simple question for you.
Currently Iraq has about 40 Trillion dinar in circulation. That's hard cash. That's reported by the CBI, IMF and referenced in many news articles.
United States dollars, there are about 1.3 Trillion in circulation.
you claim Iraq could RV up to $1. That would give Iraq 30 times more currency in circulation than the US. Iraq has a GDP about 75 times smaller than the US.
Does that sound right to you?
The whole world added together has about 6 or 7 Trillion dollars worth of currency in circulation. Do you think Iraq will suddenly RV 40 trillion dinar to $1 each giving them 6 times more currency than the whole world combined? Do you think they can have 6 times the rest of the worlds currency while they have less than 1% of the worlds economy(GDP)?
This is what you and others who claim $1 is possible are saying.
Knowing those numbers.
One cent per dinar doesn't even make sense.
10 cents per dinar is lunacy.
$1 per dinar is a total lack of economic knowledge and also shows the lack of any common sense.
$3 and up should get you institutionalized.
but figure what the use yeah me too. Case closed… yes you are
I’ll be back to gloat some more when the CBI drops it’s next bombshell.
"but figure what the use yeah me too. Case closed… yes you are"
Well, how can I possibly dispute that.
hey paul i stopped trying long ago these guy`s are on here just to argue for the sake of arguing! the iraq dinar is headed up up up! a sea of oil in kurdistan 90 tonnes of gold with more to come 600 million found by the s.koreans then another 450 found by them all in kurdistan! and as far as the SWISS DINAR RV`ING THAT`s A LIE! THE EXCHANGE WAS 150 TO 1! 150 NEW IQD FOR THE SWISS DINAR THESE GUY`S DON`T REALIZE THAT THE CBI BECAME PART OF THE BIS ( THEY DON`T KNOW THE POWER OF THE BIS!) THOSE BOY`S CREATED THE SILVER PLATES SO THE KURDS COULD HAVE THEIR OWN currency and ECONOMY WHICH AT THAT TIME WAS BOOMING BUT NOW THE KURDS ARE CONSIDERED (LITTLE DUBAI) paul when were walking into the bank AND EXCHANGE THE IQD WE HOLD FOR USD THEN AND ONLY THEN IS WHEN THEY WILL UNDERSTAND THIS WAS NEVER A SCAM! I`VE TALKED TO PEOPLE ALL OVER THE WORLD FROM JODAN TO KUWAIT AND GUESS WHAT THEY ARE HOLDING THE SAME CURRENCY WERE HOLDING AND WAITING ON THE SAME THING A INTERNATIONALLY ACCEPTED RATE!
There's nothing to dispute other than your same old rant as to why they have to lop the zero's! That was your solution back then how did that turn out! commenting with you is like that commercial for La Quinta Inns your the guy that want's out of the box but it's to radical of an Idea and jumps back in.
"The general director of the bank Abdul Hussein al-Yassiri told a news conference attended by the "morning" that the bank has achieved an important work focuses on two aspects, namely the withdrawal of excess liquidity from circulation,and then put into the market again, and managed to withdraw 24 trillion and 800 billion dinars, representing 70 percent of the liquidity"
That was done last year "excess liquidity from circulation" I wonder stew could that be the next CBI BOMBSHELL we can do nothing but wait and see. if it is dose that answer your simple question because it is a simple solution outside of the box. like not deleting the zero's you got to admit was!
barry The only pothead here is you, you've just shown how dumb you are you seem to think all world goods are the explicit to the dollar.
Porsche Boxsters and laptops are not made in america, If an Iraqi wants to buy them he will pay with dinar for it to what ever country get's him the best deal. I seriously doubt that will be america! The dinar will be much strong else where.
"world trade goods and services" not american only moron!
Why are you guy's still ranting on when your dream is dead! I can only conclude your frustrated dinar holders.
I’ll be back to gloat some more when the CBI drops it’s next bombshell.
Iraq tops the list of the International Monetary Fund about the outlook for high growth
10/04/2014
BAGHDAD: The International Monetary Fund on Thursday that Iraq was at the top of the list of countries in the Middle East in terms of the outlook for growth this year and even the year 2015 prepared by the Fund to the expectations of GDP growth in the countries of the Middle East.
He said the report of the International Monetary Fund briefed him "tomorrow's Press," said that "Iraq topped the list of expectations of GDP in 2014, reaching the expected rate of 5.9 percent, while more than Qatar, Iraq, in terms of expectations for 2015, where the percentage of the expected growth of 7.1 per cent compared to 6.7 per cent of Iraq in 2015. "
The report said that "Iraq solution first in 2014, followed by Qatar and then secondly UAE solved Third and fourth place in Algeria and Saudi Arabia Fifth."
It is noteworthy that the IMF report was based on the GDP which is known for short as "GDP" which is commonly used as a measure of standard of living.
http://translate.google.com/translate?depth=1&hl=en&rurl=translate.google.com&sl=auto&tl=en&u=http://www.alghadpress.com/ar/
Stew: A number of the articles announcing this even talk about the plan to remove 3 zeros (lop).( no lop not now not ever) They say the plan is still being debated, (wrong see below) but is still on hold.(wrong) Nothing new there. Nothing changed, they still have a plan to lop,(wrong) some want to do it, some don’t.(talk is all they can do!)
"An economic expert believes that the zeros will not be removed from the Iraqi currency because the Iraqi budget is highly dependent on oil revenue."
http://ekurd.net/mismas/articles/misc2014/4/govt2291.htm
"Najiba Najib, a member of parliament (MP) from Iraq’s finance committee said in January 2014 “There is no draft law in parliament about removing zeros from the Iraqi currency,”
Oh for God's sake stop humiliating yourself Paul. Iraq's GDP is around $220bn and their money supply around 87.7tn Dinar (worth $75bn). 6% growth of that is + $13.2bn. You seem to think that an extra $13bn will "back" turning a $75bn currency (87,700bn Dinar @ 1166:1) into a $87,700bn currency (87.7tn Dinar @ 1:1). Most of that money gets spent on Iraqi's wages, etc, not some deluded Communist fantasy you keep shovelling where the Iraqi govt supposedly owns and controls everyone's "wealth" and will confiscate Iraqi's private income at will.
I'll repeat that slowly - Iraq's money supply (87.7tn Dinar) is worth $75bn in USD's. That's its fair market value given the massive 78.7tn Dinar created (as the IMF recently stated). And as pointed out on the other forum, reducing "liquidity" does not = reducing the money supply. That's twice you've humiliated subject on that subject alone.
Why on Earth would Iraq "deserve" an $87,700bn money supply when Kuwait's is only $112bn, when Bahrain's is only $24bn, when Saudi Arabia's is only $371bn, etc?
Is Iraq really "worth" 783x Kuwait's despite selling only 10% more oil?
Is Iraq really "worth" 26x Saudi Arabia's despite selling 3x LESS oil?
Is Iraq really "worth" 10x entire-continent-of-Europe + China + USA COMBINED - THREE times over (despite having a 162x smaller economy including every drop of oil sold)?
Is Iraq really "worth" 1.2x planet Earth's despite having an economy that makes up only 0.25% of global trade?
Just one examples of many of just how badly you misunderstand almost everything about the Dinar, how shockingly ignorant of how currencies work & how they are valued against each other in reality, and how you try to hide it behind a "wall of angry noise", (not to mention the total delirium-based mental divorcement from reality of the "RV believers" in general who think it's apparently "normal" for Country A (Iraq) who has printed 3,000x more money than country B (Kuwait) to both have "the same value" for no reason other than confused blinding greed).
In the real world, Iraq has two options : 1. Delete 3 zeroes or 2. Do nothing and carry on "as is" like South Korea & Lebanon do. The 100,000% RV is a total scam. It's so clinically retarded to think Iraq should "deserve" hundreds of times more money than Saudi Arabia for selling LESS oil (and even be "bigger than than Planet Earth"), it's actually quite embarrassing to have to explain almost like a child...
I've given you the benefit of the doubt, thinking you are just a little naive, but if you truly cannot grasp the sheer raw hallucinatory psychosis of your 100,000% appreciation claims, you are quite frankly a total lost cause.
LOL barry same old crap as always other other countries! same as before when you used it to explain way Iraq has to delete the zero's. yawn yawn I'm so board I've turned off comment notification. but from time to time I'll check back.
To respond now all I'd have to do is go back in the comment's and copy and paste. which is all you've done with a little added insignificant crap.
The definition of insanity repeating the same thing over and over again and expecting a different result!
I’ll be back to gloat some more when the CBI drops it’s next bombshell.
Paul - "I’m so board I’ve turned off comment notification"
I think we all know exactly why you're now frantically running away, but I'll let you bow out gracefully if that's what your ego needs. 😉
I think we all know exactly why you’re now frantically running away, but I’ll let you bow out gracefully if that’s what your ego needs.
And that's your problem barry you think you know exactly! It's know as a closed mind or carpal tunnel syndrome.
The only one's here with a self inflated know it all ego! Is you and your like kind "let you bow out gracefully" LOL
"frantically running away" LOL. The websites not going anywhere! Only the notifications.
Way wont this dam notification turn off! must take a day or two I guess.
I’ll be back to gloat some more when the CBI drops it’s next bombshell.
No Paul, the reason you "can't be bothered to reply" is quite frankly you're out of your depth, and have no answer and try and hide that with a fake snobbish "It's SO below me to even attempt to talk to you 'little people'" pompous snobbery. You have one almightily giant ego.
If you want to reply to this, answer the questions:-
Why on Earth would Iraq “deserve” an $87,700bn money supply when Kuwait’s is only $112bn, when Bahrain’s is only $24bn, when Saudi Arabia’s is only $371bn, etc?
Is Iraq really “worth” 783x Kuwait’s despite selling only 10% more oil?
Is Iraq really “worth” 26x Saudi Arabia’s despite selling 3x LESS oil?
Is Iraq really “worth” 10x entire-continent-of-Europe + China + USA COMBINED – THREE times over (despite having a 162x smaller economy including every drop of oil sold)?
Is Iraq really “worth” 1.2x planet Earth’s despite having an economy that makes up only 0.25% of global trade?
Why don't you all just shut up! gees it's like you guy's have nothing else in the world to do!
If it happens great and if it doesn't so be it..... My head hurts just reading everyone's whining
"WOW", I agree. Though the real problem is some cannot grasp what Iraq Business News is about - serious investing in Iraq, not amateurish get-rich-quick Forex scams. If you want to blame people, blame those who try and treat these forums like "Dinar Daddy's Rumor Tidbits" and sulk and stamp their feet when it gets pointed out $860 is not going to become $3.5m just because Iraq sells 5-10% more oil. 😉