A question for the fact finders...

[RoyalBeluga]

Addy, it still doent make sense to buy massive amounts of a currency( Auction ) that eventually will be deemed worthless and not on par with the dollar. IMO, when they are satisfied that they have the majority or whatever percentage of dinar in country, thats when you will see the lower denoms come out. If the Iraqis are using the U.S. Dollar for purchases (which they are used to doing since 2003) because they cant get enough dinar to use, then introduce the lower denoms, the dinar will finally take its place permantly as the currency used in Iraq and at a value thats plausible..JMO

They would need to RV before or at the same time, no point introducing small denoms if a coke still costs 1000+ dinars

[mailman17]

They would need to RV before or at the same time, no point introducing small denoms if a coke still costs 1000+ dinars

exactly, my way of thinking too..JMO

[Adster]

Addy, it still doent make sense to buy massive amounts of a currency( Auction ) that eventually will be deemed worthless and not on par with the dollar. IMO, when they are satisfied that they have the majority or whatever percentage of dinar in country, thats when you will see the lower denoms come out. If the Iraqis are using the U.S. Dollar for purchases (which they are used to doing since 2003) because they cant get enough dinar to use, then introduce the lower denoms, the dinar will finally take its place permantly as the currency used in Iraq and at a value thats plausible..JMO

Yea, ar RB said they have to come out with a rv/lop or rv. Just physically couldn't carry enough around to buy products at todays prices out there, ie a loaf of bread 5k etc...Any sign of lower denoms before just doesn't make sense and would signal their intentions as to either a lop, lop/rv or rv.

[bowenowski]

screaming eagle you are more like a screaming child the way you berate and ridicule people. It amases me how much trust you put in Iraq's numbers and we have found out that our so called government has been screwing with the numbers for years. It seems that even the people in control didn't realise we were in such trouble????????? My dad said years ago tht our government was selling us down the river and his words have come true. We have been lied to in so many avenues that I am not sure we will ever recover. So I guess what I am saying is you can take your numbers and put them where the sun never shines, as far as I am concerned you know about as much as any so called newby. I have been on this sight for a while and there is always those like you who remind me of a politition by spouting what will or won't happen. So far nothing has happened that any one has had the heads up on. Just because someone is new or doesn't have enough (posts) does not mean they do not have the right to be here and have the right to participate. As far as rumors go it is all rumors as far as I am concerned untill we know exactly what Iraq is going to do. till then it is all a shot in the dark on our side. I DON'T USUALLY POST BUT THIS ONE TICKED ME OFF ENOUGH FINALLY TO GET ME TO. Oh and I hope my spelling is good enough for you!!!!!

[SC Dinar]

Well said, to bad people like him can't be removed from the forum.

[fastboats]

screaming eagle you are more like a screaming child the way you berate and ridicule people. It amases me how much trust you put in Iraq's numbers and we have found out that our so called government has been screwing with the numbers for years. It seems that even the people in control didn't realise we were in such trouble????????? My dad said years ago tht our government was selling us down the river and his words have come true. We have been lied to in so many avenues that I am not sure we will ever recover. So I guess what I am saying is you can take your numbers and put them where the sun never shines, as far as I am concerned you know about as much as any so called newby. I have been on this sight for a while and there is always those like you who remind me of a politition by spouting what will or won't happen. So far nothing has happened that any one has had the heads up on. Just because someone is new or doesn't have enough (posts) does not mean they do not have the right to be here and have the right to participate. As far as rumors go it is all rumors as far as I am concerned untill we know exactly what Iraq is going to do. till then it is all a shot in the dark on our side. I DON'T USUALLY POST BUT THIS ONE TICKED ME OFF ENOUGH FINALLY TO GET ME TO. Oh and I hope my spelling is good enough for you!!!!!

your the kinda people i would rather talk to , thanks

[fastboats]

Well said, to bad people like him can't be removed from the forum.

yeah all i asked was a question and i was the one who got in trouble, anyway i found my answer on my own ,thanks for the ones that did try to help

[Screaming Eagle]

screaming eagle you are more like a screaming child the way you berate and ridicule people. It amases me how much trust you put in Iraq's numbers and we have found out that our so called government has been screwing with the numbers for years. It seems that even the people in control didn't realise we were in such trouble????????? My dad said years ago tht our government was selling us down the river and his words have come true. We have been lied to in so many avenues that I am not sure we will ever recover. So I guess what I am saying is you can take your numbers and put them where the sun never shines, as far as I am concerned you know about as much as any so called newby. I have been on this sight for a while and there is always those like you who remind me of a politition by spouting what will or won't happen. So far nothing has happened that any one has had the heads up on. Just because someone is new or doesn't have enough (posts) does not mean they do not have the right to be here and have the right to participate. As far as rumors go it is all rumors as far as I am concerned untill we know exactly what Iraq is going to do. till then it is all a shot in the dark on our side. I DON'T USUALLY POST BUT THIS ONE TICKED ME OFF ENOUGH FINALLY TO GET ME TO. Oh and I hope my spelling is good enough for you!!!!!

Well actually I was replying to, "Are you claiming to be the mathematician that know the exert rate the CBI will eventually set? When you work it out, let us know".

However you were given the heads up on slow growth years ago and have had plenty of time to adjust your investment accordingly. If you are one of the ones that insisted that slow growth was not the fact and that you were going to be rich by a overnight RV I suspect you are frustrated.

[Screaming Eagle]

Well said, to bad people like him can't be removed from the forum.

And banning me would make your opinion on the dinar correct and it would RV tomorrow and you would be rich. Good thinking. HAHAHAHAHa

There is a name for people that want to remove everyone they disagree with.

[Screaming Eagle]

screaming eagle you are more like a screaming child the way you berate and ridicule people. It amases me how much trust you put in Iraq's numbers and we have found out that our so called government has been screwing with the numbers for years. It seems that even the people in control didn't realise we were in such trouble????????? My dad said years ago tht our government was selling us down the river and his words have come true. We have been lied to in so many avenues that I am not sure we will ever recover. So I guess what I am saying is you can take your numbers and put them where the sun never shines, as far as I am concerned you know about as much as any so called newby. I have been on this sight for a while and there is always those like you who remind me of a politition by spouting what will or won't happen. So far nothing has happened that any one has had the heads up on. Just because someone is new or doesn't have enough (posts) does not mean they do not have the right to be here and have the right to participate. As far as rumors go it is all rumors as far as I am concerned untill we know exactly what Iraq is going to do. till then it is all a shot in the dark on our side. I DON'T USUALLY POST BUT THIS ONE TICKED ME OFF ENOUGH FINALLY TO GET ME TO. Oh and I hope my spelling is good enough for you!!!!!

Thanks for your screaming rant.

[HumbleGenius]

seem to be concerned with "what others have heard."...here's a tip...to date, all of the wonderful things people have heard (with respect to any sort of RV) have been 100% meadow muffins.

Concentrate more on factual news articles, and less on "what people have heard,"and you will learn far more about this opportunity.

Are they good with butter?

[ObaDinar]

I don't know what a exert rate is. However the exact rate is the CBI liabilities in dinar divided by the CBI net assets in dollars. That will continue to be the rate unless there is re-denomination. I don't have to work it out, its posted in the CBI stastics. Its called balanced book accounting and you don't have to be a mathematician to read a balance sheet. As the net assets and the liabilities change the rate changes accordingly.

You might want to spend some time learning how the rate is determined as it seems to be a mystery to you.

Dec 18, 2008. The dinar liabilities were 40,521 trillion dinar. The net assets in dollars were 34.5742 billion dollars. 40,521/34.5742=1172 rate.

As an assumed mathematician, you seemed to failed to answer my simple enquiries satisfactorily. l have seen your previous posts where you repeated over and over, even without facts,what you so laboriuosly stated above.However, what l expect from you is, as a so-called mathematician,the future rate the CBI will RV to. What mathematical module do you have to project the exact rate for the future. If you want to be respected as an acclaimed mathematician here, show me the future rate and explain how you get there. If you can do this and it actually come to pass, l promise you, l will use my RV money to not only nominate you for Noble P.Prize but ensure you win it for this forum.
* The CBI has released statements that they hold 42 billion Dollars. Not 34.5742 as you stated in your writings above. You seemed to use that figure for your convenient and not based on facts.

[Screaming Eagle]

As an assumed mathematician, you seemed to failed to answer my simple enquiries satisfactorily. l have seen your previous posts where you repeated over and over, even without facts,what you so laboriuosly stated above.However, what l expect from you is, as a so-called mathematician,the future rate the CBI will RV to. What mathematical module do you have to project the exact rate for the future. If you want to be respected as an acclaimed mathematician here, show me the future rate and explain how you get there. If you can do this and it actually come to pass, l promise you, l will use my RV money to not only nominate you for Noble P.Prize but ensure you win it for this forum.
* The CBI has released statements that they hold 42 billion Dollars. Not 34.5742 as you stated in your writings above. You seemed to use that figure for your convenient and not based on facts.

The mathematical module is just that. It is the method the CBI uses to determine the rate and is determined by a balance book accounting balance sheet. No one can predict future assets and liabilities without setting parameters, however the rate will be always be the dinar liabilities divided by the net dollar assets except that politically it is over or undervalued and the net assets and liabilities would not be balanced..

Give me the future net assets and the liabilities and I will give you the rate.

As for the 34.572 billion dollars that was the net assets used to determine the rate and not the gross FAX assets owned by the CBI which at that date was 60,388 billion dinar or 51.5255 billion dollars. The gross FX assets have since experienced a slight decline.

No one can predict the absolute future rates however the CBI predicts future rates in its quarterly IMF reports based on certain parameters.

Balance book accounting was first written by Aristotle thousands of years ago and was ~ 30 pages in a todays notebook. It has been expanded to volumes however the fundamental model has not changed.

There is no way to answer a irrational "simple enquiries satisfactorily" correctly.

[ObaDinar]

The mathematical module is just that. It is the method the CBI uses to determine the rate and is determined by a balance book accounting balance sheet. No one can predict future assets and liabilities without setting parameters, however the rate will be always be the dinar liabilities divided by the net dollar assets except that politically it is over or undervalued and the net assets and liabilities would not be balanced..

Give me the future net assets and the liabilities and I will give you the rate.

As for the 34.572 billion dollars that was the net assets used to determine the rate and not the gross FAX assets owned by the CBI which at that date was 60,388 billion dinar or 51.5255 billion dollars. The gross FX assets have since experienced a slight decline.

No one can predict the absolute future rates however the CBI predicts future rates in its quarterly IMF reports based on certain parameters.

Balance book accounting was first written by Aristotle thousands of years ago and was ~ 30 pages in a todays notebook. It has been expanded to volumes however the fundamental model has not changed.

There is no way to answer a irrational "simple enquiries satisfactorily" correctly.

This is an admission of your indequate knowledge and fallacy of what you want to project here. You are not better than anyone else here inspite of your, what l would call 'put-up-show.' arrogaance breds ignorance.You annoyed a lot of fulks here. The threads are full of people expressing it in so in many ways. You need to be guaranteed if people are to be comfortable in this place.

[Screaming Eagle]

This is an admission of your indequate knowledge and fallacy of what you want to project here. You are not better than anyone else here inspite of your, what l would call 'put-up-show.' arrogaance breds ignorance.You annoyed a lot of fulks here. The threads are full of people expressing it in so in many ways. You need to be guaranteed if people are to be comfortable in this place.

If you are uncomfortable you should stop commenting on everything I post and just ignore it.

[susan92592]

I realise there was a bill with Saddam's face on it, and that is obslete. However, I did not realise that there has been more than one issue of dinar. How does someone know which version they are holding?

[imwright1]

Just because freedom of speech is free doesn't mean its suppose to have some value!

[fastboats]

If you are uncomfortable you should stop commenting on everything I post and just ignore it.

looks like to me you should have passed up on returning a reply on my question, here you where browe beating me and you ended up getten the worst of it, i proud there are SOME good people outthere!

[Screaming Eagle]

looks like to me you should have passed up on returning a reply on my question, here you where browe beating me and you ended up getten the worst of it, i proud there are SOME good people outthere!

SA answered your question. If you have a problem with how he answered you, you should take it up with SA in a pm. As to getting the worst of it, that would be your opinion. About as valid as your rumor.

[mailman17]

Wouldn't something like this cause a huge run on banks? Every merchant would have be able to adjust prices before they opened there stores so they could compete with each other...AND get to the banks to recieve the lower denoms for change..

I dont think there would be a run on the banks and merchants could make their adjustments in a day or two...JMO