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  1. #31
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    Quote Originally Posted by Screaming Eagle View Post
    It will not be a problem, Iraqis' are use to changes in the market value of the dinar. Most of them trade with money changers where the dinar market rate changes every day while the official rate is set at 1166. They count and trade much more currency at lesser value than most countries in the world. Also the CBI has been educating the Iraq public on a redenomination or lop for the last 4 years. The CBI has given at least 50 interviews in the last 3 years explaining that the currency will be redenominated and the value will not change.

    If you have stock worth 25,000 dinar or a 25,000 dinar note it is worth $21.55 the rate is 1166.

    If you lop the dinar note to 25 by removing 3 zeros it will still be worth $21.55 and the rate 1.166. Doesn't affect the value of the stock at all. Its is still worth $21.55. They have already stated that that they will issue the 25 dinar note and that it will take the place of the 25,000 dinar note and they will have the same value and be in circulation at the same time with the same value until the 25,000 dinar notes are withdrawn. The CBI determines the value of the dinar not the stock market.

    This is not something new as at least 60 countries have lopped or redenominated their currencies in the last 30 years. Some several times.

    Happy New Year SE

    Glad you still trying to keep them straight!

    EB
    A day without laughter is a day wasted: Charlie Chaplin. :cheeky-smiley-025: :yelrotflmao:

    NO RV TODAY! MAYBE TOMMOROW! :shhh:

  2. #32
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    Quote Originally Posted by English Bob View Post
    Happy New Year SE

    Glad you still trying to keep them straight!

    EB
    Just posted a fact, not interested in keeping anybody straight. However lops have been occurring by CB's for many years. You can find a few here

    http://en.wikipedia.org/wiki/Redenomination

    Nice to hear from you and have a very Good and Happy New Year

    SE
    Get a free first class world education here. http://www.khanacademy.org/

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  3. #33
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    Your right SE lops have occurred, however REVALUATIONS have also been happening by CB's for many years...just posting a fact!!!
    DINAR INDEX.COM London UK - Investments in the New Iraq - Currency Buy/Sell - ISX (Iraqi Stock Exchange) Facilitation - Iraqi Banking Services - Facebook.com/DINARINDEX - IIF Member since 2005

  4. #34
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    “The dinar scam is still a scam.”

  5. #35
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    Quote Originally Posted by Dinar Index View Post
    Your right SE lops have occurred, however REVALUATIONS have also been happening by CB's for many years...just posting a fact!!!
    Some by CB's however free market currencies are revalued every day and constantly as every trade is either appreciation or depreciation. You can view the revaluation history of any major currency just by viewing the history of its index chart.

    dollar index: http://www.tradingeconomics.com/united-states/currency
    pound index: http://en.unciatrends.com/british-po...eighted-index/

    Or you can just go to any FX chart site and view any historical or daily chart for most currencies. http://www.dailyfx.com/?engine=googl...0000000OpK7AAK

    For fixed or pegged currencies you simply check their CBI site for the exchange rate however they do not change often and then only by slow appreciation or depreciation.

    The IQD has had a appreciation or revaluation phase 2003-2004. The dinar was revalued by slow appreciation over ~9 years from ~ 1465 dinar to 1166 dinar or a ~ change of 299 dinar or about a 21% change over the last 9 years . The question is did you make any money. in 2003 if you brought 14,650 dinar for a $1000 and you did not have any commissions and could sell it today at 1166 rate you would have ~ $1256. Now with this great reevaluation did you make any money? Gas in 2003 was $1.59 and today its over $3.00 so in that case your revalue was 215 and your inflation 50% so if you used your new dollars to buy gas you would lose ~29% on your investment. Here is a chart for 2003 food prices. http://www1.agric.gov.ab.ca/$department/deptdocs.nsf/all/sdd8243 See for your self if the dinar revaluation has offset the inflation of the dollar for the price of goods today. Some that will pay commissions on buying and selling could be down over 50%.

    A quick check or currency charts will show that most revalues are very small and I would guess that you will not find one over a couple of pennies in a day. Good luck with a revaluation.
    Last edited by Screaming Eagle; 01-04-2013 at 01:37 AM.
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  6. #36
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    Quote Originally Posted by Screaming Eagle View Post
    Just posted a fact, not interested in keeping anybody straight. However lops have been occurring by CB's for many years. You can find a few here

    http://en.wikipedia.org/wiki/Redenomination

    Nice to hear from you and have a very Good and Happy New Year

    SE

    Ok, keeping peeps on the straight and narrow with facts LOL

    Thanks SE

    EB
    A day without laughter is a day wasted: Charlie Chaplin. :cheeky-smiley-025: :yelrotflmao:

    NO RV TODAY! MAYBE TOMMOROW! :shhh:

  7. #37
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    Red face

    SE,

    Is good info you put out here. And in my opinion, I still think that the iraqis won't digest too well that their stocks would be perceive as having a very weak monetary value. Take for example, you have stocks in X Puppets for Iraq Company. You have 25,000 stocks valued at 25,000 dinars, 1 stock=1 dinar. The dinar redenominates to the following 25,000 stocks totaling 25 dinars...because I can only imagine that the stock numbers won't change, but the price will.....would that be a correct assumption?......or the number of stocks would be dealt with like the dinar value....25 dinars (new value) = 25 stocks. Otherwise each stock will be value as follows, 25,000 stocks, new redenomination value 25 dinars = new stock value .001 IQD....

    Please enlight me...


    MTB71
    "We are ready for an unforeseen event that
    may or may not occur." --Al Gore, VP :swear:

  8. #38
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    Quote Originally Posted by millionairetobe71 View Post
    SE,

    Is good info you put out here. And in my opinion, I still think that the iraqis won't digest too well that their stocks would be perceive as having a very weak monetary value. Take for example, you have stocks in X Puppets for Iraq Company. You have 25,000 stocks valued at 25,000 dinars, 1 stock=1 dinar. The dinar redenominates to the following 25,000 stocks totaling 25 dinars...because I can only imagine that the stock numbers won't change, but the price will.....would that be a correct assumption?......or the number of stocks would be dealt with like the dinar value....25 dinars (new value) = 25 stocks. Otherwise each stock will be value as follows, 25,000 stocks, new redenomination value 25 dinars = new stock value .001 IQD....

    Please enlight me...


    MTB71
    They have been educated to a lop and a discussion of the pros and cons by the CBI for three years. However before a lop occurs The aspects and pacifies will be published well ahead of the lop as it is done in other countries to keep the public informed. You will not just wake up one morning and find out that that Iraq just redenominated their currency in the secrecy of night. What would be the propose. Here you will find the aspects of Venezuela redenomination published before their lop.

    http://www.google.com/url?sa=t&rct=j...55534169,d.dmQ

    Iraq's fundamental aspects will be much the same. The last thing any central bank wishes is confusion concerning the currency.

    The CBI does not make the rules for the ISX, The ISX does and will decide how to proceed. Companies decide how much stock they will issue. If the dinar of a one dinar stock is lopped the stock price will be 1 dinar or .001 dinar during transition. Their are several ways the ISX might handle a three zero lop. They might issue a rule for the lowest stock price to be traded or they might simply request that companies do a reverse split to keep the cost the same. If a stock is 1 dinar and the dinar lopped the stock price but not the value would change to .001 dinar. In that case the ISX or the company might decide on a reverse split of stock of 1000 to 1 so that if you own 1000 shares of stock at .001 dinar they will withdraw the 1000 shares and issue I new share at 1 dinar. No value of your stock changes.

    Remember that when the stock was issue it was issued with a price in mind and that price was commeasured with the currency in circulation. They will keep it that way. Just like the currency which has too much dinar in circulation at a too low value per dinar their or too many stocks in circulation at too low value per stock. They will make the stock value commeasure with the dinar value,
    Last edited by Screaming Eagle; 01-07-2013 at 12:43 PM.
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  9. #39
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    I can't confirm this as the CBI is closed today, so this should probably go right to the rumor area until confirmed. Maybe someone here can help me prove or disprove this one:

    Iraqi dinar exchange rate for the day
    Dollar: 0.9Euro: 0.6 Pounds: 0.5LBP: 1292.7KD: 0.2SR: 3.2AED: 3.2JD: 0.6

    http://www.almadapaper.net/ar/
    :time:The "seed" of Democracy has been planted, we'll see how well it grows in the sand.:movie:

  10. #40
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    Quote Originally Posted by Dinar Index View Post
    Nice one Batman!!
    Jan 1st is looking good!!!
    Came and went.. LOL

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