Has anyone Heard????

[coffeedave]

Has anyone heard about the new money that was to have been passed out when the coins were issued????
People in Iraq you see or hear anything???
If there are no 25 coins to get small change what are they doing???

[$akdinar$]

I am beginning to believe that there will be no new notes coming out until the coin exchange is done. I do "think" there will be something coming out later though and I am basing this on past articles stating how many notes the CBI had and how many are in use today. I think the news of new notes will spread VERY quickly when they do get issued. Hang back and wait, watch football and the Superbowl.

[sgmunson]

It's because there was neither an actual announcement that lower denominations were being handed out, nor has anyone actually seen such bills. There were several confirimations that no new denominations were being handed out, so you'll have to catch up by doing some searching and reading of the posts.

However, that alone does not necessarily dash all hopes. There's been some rather profligate dollar spending on the GOI's part lately... over $822 MILLION USD in the last 6 auctions to buy dinar from banks, $247 MILLION USD to pay off Bulgaria, and $475 MILLION USD or so to pay off an IMF obligation 2 years early. The auction volume of the 1st 5 of the last 6 days was extroardinary, to say the least. Also, why exactly would they spend time and resources eliminating the coins if they had no intention of changing the value of their currency significantly. There's very little that's getting done over there that isn't at least a relative emergency, so what makes removing the coins that important? Meanwhile, here they are spending over $1 BILLION USD in rather short order...

If the auction volume bumps up again tomorrow, and then stays up for the most part, it might well be able to be considered as some serious evidence of something going on. If not, even the coin thing is evidence in itself... The big question, of course, is: "What's actually up?"

There's no way to determine an answer right now, as the coin removal does not hinder a lop scenario or an RV one, in any way. I don't think they'll lop, but they definitely have my radar up.

Steve
(aka sgmunson)

Has anyone heard about the new money that was to have been passed out when the coins were issued????
People in Iraq you see or hear anything???
If there are no 25 coins to get small change what are they doing???

[james394]

A 50 dinar note is worth about 5 cents, how small a change do you want to make?

[Just1Chance]

Im waiting for them to anounce a 1 Dinar note/coin. Thats would be a sure sign of an RV to me.

[coffeedave]

Thanks SGM We will keep on waiting

[steamer]

It's because there was neither an actual announcement that lower denominations were being handed out, nor has anyone actually seen such bills. There were several confirimations that no new denominations were being handed out, so you'll have to catch up by doing some searching and reading of the posts.

However, that alone does not necessarily dash all hopes. There's been some rather profligate dollar spending on the GOI's part lately... over $822 MILLION USD in the last 6 auctions to buy dinar from banks, $247 MILLION USD to pay off Bulgaria, and $475 MILLION USD or so to pay off an IMF obligation 2 years early. The auction volume of the 1st 5 of the last 6 days was extroardinary, to say the least. Also, why exactly would they spend time and resources eliminating the coins if they had no intention of changing the value of their currency significantly. There's very little that's getting done over there that isn't at least a relative emergency, so what makes removing the coins that important? Meanwhile, here they are spending over $1 BILLION USD in rather short order...

If the auction volume bumps up again tomorrow, and then stays up for the most part, it might well be able to be considered as some serious evidence of something going on. If not, even the coin thing is evidence in itself... The big question, of course, is: "What's actually up?"

There's no way to determine an answer right now, as the coin removal does not hinder a lop scenario or an RV one, in any way. I don't think they'll lop, but they definitely have my radar up.

Steve
(aka sgmunson)

Great post Steve!

[Skyhawk]

It's because there was neither an actual announcement that lower denominations were being handed out, nor has anyone actually seen such bills. There were several confirimations that no new denominations were being handed out, so you'll have to catch up by doing some searching and reading of the posts.

However, that alone does not necessarily dash all hopes. There's been some rather profligate dollar spending on the GOI's part lately... over $822 MILLION USD in the last 6 auctions to buy dinar from banks, $247 MILLION USD to pay off Bulgaria, and $475 MILLION USD or so to pay off an IMF obligation 2 years early. The auction volume of the 1st 5 of the last 6 days was extroardinary, to say the least. Also, why exactly would they spend time and resources eliminating the coins if they had no intention of changing the value of their currency significantly. There's very little that's getting done over there that isn't at least a relative emergency, so what makes removing the coins that important? Meanwhile, here they are spending over $1 BILLION USD in rather short order...

If the auction volume bumps up again tomorrow, and then stays up for the most part, it might well be able to be considered as some serious evidence of something going on. If not, even the coin thing is evidence in itself... The big question, of course, is: "What's actually up?"

There's no way to determine an answer right now, as the coin removal does not hinder a lop scenario or an RV one, in any way. I don't think they'll lop, but they definitely have my radar up.

Steve
(aka sgmunson)

Stevo:
Also, you cannot lop a 25K dinar bill down to 25 Dinars, adjust the exchange rate to 1000Dinar to 1$ and not have a serious devaluation going on of the monetary system.
The lop has to ocurr on both ends if it does or else it is a major leaque devaluation. So Jabr can talk all he wants about lopping 3 zeros off the physical bill, but the valuation of the currency better be in excess of 1IQD to 1 USD at the same time or Jabr will have a riot on his hands or a beheading whatever comes first over there. Jabr has a tendency to only talk about the 3 zeros from the physical currency not the rate.

So the flip side question is why lop at all if you are going to hold the physical money and reval the same? Where is the logic and reason here!
My guess, no lop of the cash, and only a reval of the currency exchange rate.
Skyhawk

[Lenmon]

I been saying this for a while that new money is coming to Iraq and they will have a time frame to exchange it for the new money.

The hitch is that they will block any dianars from outside of Iraq to be exchange. Iraq already made its millions or Billions on the Dinar selling it to those that took it out of Iraq and selling outside of Iraq.

Hope I am wrong, but many sigs and rumors and inside info are saying this.

Time will tell.

Anyone have any good Ideas for a monopoly game to play with the Dinars from outside of Iraq that may not be able to be exchanged.

I know some will have a knee jerk reaction but don't hurt yourself.

Will never happen. Not with the dinars that other countries are holding. But if you think it will happen, then you better dump your dinars now.

[Dakota77]

Who in the other countries, only the Joe Schmos like you and I have them. Name me some big corps or big Names that have them. I am sure there are none that can be confirmed.

Think about it, The Dinars already have been paid for with US money from those that bought it in Iraq and is selling it outside.

Iraq won't loose anything really if they bring in new money and then many corps or investors will then invest and buy the new currency legitimatley according to Iraq. Iraq as I have said has the money to back what has been sold and taken outside of Iraq.

Those that have stocks or money invested in Iraq should be ok.

We shall see.

Crow, SG Munson, What is your take on this?

[Crow]

Crow, SG Munson, What is your take on this?

I have not seen any info of large holdings of dinar by any Goverment, ( rumors of U.S holdings, rumors) some large holders I know 1 billion plus, accounts in Iraq, but nothing major.CROW

[Dakota77]

[quote=TrueDinar4u;544496]Who in the other countries, only the Joe Schmos like you and I have them. Name me some big corps or big Names that have them. I am sure there are none that can be confirmed.

Think about it, The Dinars already have been paid for with US money from those that bought it in Iraq and is selling it outside.

Iraq won't loose anything really if they bring in new money and then many corps or investors will then invest and buy the new currency legitimatley according to Iraq. Iraq as I have said has the money to back what has been sold and taken outside of Iraq.

Those that have stocks or money invested in Iraq should
Wrong Quote Please Delete

[Crow]

Crow what about this one??

Who knows?, I feel they MAY hold the rate for period now, which could be torture for speculators.CROW

[Dakota77]

I been saying this for a while that new money is coming to Iraq and they will have a time frame to exchange it for the new money.

The hitch is that they will block any dianars from outside of Iraq to be exchange. Iraq already made its millions or Billions on the Dinar selling it to those that took it out of Iraq and selling outside of Iraq.

Hope I am wrong, but many sigs and rumors and inside info are saying this.

Time will tell.

Anyone have any good Ideas for a monopoly game to play with the Dinars from outside of Iraq that may not be able to be exchanged.

I know some will have a knee jerk reaction but don't hurt yourself.

This is disturbing! Crow, SG what is your take on this???

[$akdinar$]

This is disturbing! Crow, SG what is your take on this???

I wouldn't get to worked up over this, there is at least one of these on every site out there. CitiBank and Chase wouldn't be involved in this if they thought it would turn out this way. Also don't forget Iraq is following the IMF guidlines and will continue to do so. Throw the World Bank in there and ICI and such...don't worry about it.

[Crow]

This is disturbing! Crow, SG what is your take on this???

I used to worry about this, but I think they will be much more simplistic. I feel we over think things too much , I know I have!

[Dakota77]

Thank You for your answer $ak & Crow

[diamondback]

If the CBI keeps the same rate at a time with high volume of incoming Dinars. The CBI is buying up the Dinar at a cheaper rate before further appreciation. If the volume averages $125M USD per auction it could buy up all of it's 21 Trillion IQD in circulation 93 trading days.

[Retired Chief]

Who in the other countries, only the Joe Schmos like you and I have them. Name me some big corps or big Names that have them. I am sure there are none that can be confirmed.

Think about it, The Dinars already have been paid for with US money from those that bought it in Iraq and is selling it outside.

Iraq won't loose anything really if they bring in new money and then many corps or investors will then invest and buy the new currency legitimatley according to Iraq. Iraq as I have said has the money to back what has been sold and taken outside of Iraq.

Those that have stocks or money invested in Iraq should be ok.

We shall see.

If this is what you believe, really believe, then unload your dinar or paper your doghouse with it because its worthless and seems that it will stay that way into the future. But for me...well I entered this little high risk investment with the intent that I'm not willing to invest without the possibility of loss...kinda like gambling, and can live with the loss. But your opinion is your opinion as is the right of all Americans.

[Caminoguy]

Coins HAVE to be taken out of circulation due to the fact that they are easily counterfited & that there is NO security indicators on them. Would'nt the criminials love to be using $25 $50 $100 counterfit coins @ the markets or better yet the casino's ( when ever they get them).
NO , this part of the puzzle has to be in place before a reval. Also what I have found interesting that helps to confirm a reval is in the works is that the US government just recently passed a law taxing the profits made on foreign exchanges ( when you exchange one currency for another), how convienent!!!
I personally beleive that the upper eshalone of government knows exactly what their doing, they themselves are greedy money motivated politicians that see a oppertunity to make HUGE amounts of money. They are in the postion of power to make it happen. The only obstical in their way is that there is SO MANY OF THEM trying to do the same thing! They all have different ideas of how to do it. If they were "seasoned" politicians I think it would have happened alot sooner This is certainly exciting times!!!!

It's because there was neither an actual announcement that lower denominations were being handed out, nor has anyone actually seen such bills. There were several confirimations that no new denominations were being handed out, so you'll have to catch up by doing some searching and reading of the posts.

However, that alone does not necessarily dash all hopes. There's been some rather profligate dollar spending on the GOI's part lately... over $822 MILLION USD in the last 6 auctions to buy dinar from banks, $247 MILLION USD to pay off Bulgaria, and $475 MILLION USD or so to pay off an IMF obligation 2 years early. The auction volume of the 1st 5 of the last 6 days was extroardinary, to say the least. Also, why exactly would they spend time and resources eliminating the coins if they had no intention of changing the value of their currency significantly. There's very little that's getting done over there that isn't at least a relative emergency, so what makes removing the coins that important? Meanwhile, here they are spending over $1 BILLION USD in rather short order...

If the auction volume bumps up again tomorrow, and then stays up for the most part, it might well be able to be considered as some serious evidence of something going on. If not, even the coin thing is evidence in itself... The big question, of course, is: "What's actually up?"

There's no way to determine an answer right now, as the coin removal does not hinder a lop scenario or an RV one, in any way. I don't think they'll lop, but they definitely have my radar up.

Steve
(aka sgmunson)