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Thread: The Lop...... ITS OVER
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13-08-2007, 04:24 PM #11
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"The expert at the "Central", Majid Assuri, expected a remarkable improvement in the rate of the dinar, due to the low dollar exchange rate, over the next couple of months."
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13-08-2007, 04:25 PM #12
here is an example of a popular iraqi news site sotaliraq.com
whois.enom.com] =-=-=-= Visit AboutUs.org for more information about sotaliraq.com <A href="http://www.aboutus.org/sotaliraq.com">AboutUs: sotaliraq.com</A> Domain name: sotaliraq.com Registrant Contact: Whois Privacy Protection Service, Inc. Whois Agent ([email protected]) +1.4252740657 Fax: +1.4256960234 PMB 368, 14150 NE 20th St - F1 C/O sotaliraq.com Bellevue, WA 98007 US
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13-08-2007, 04:32 PM #13
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Ruh-Row Raggy......!
Are we uncovering a conspiracy here? All Iraqi websites originating from the US? Could our government be running these sites to throw us off course?
THAT would be hilarious!
Just having fun....seriously...you are right, all these sites are amateurish at best. At least the English versions.....can't comment on how the Arabic sides "look"....
All kidding aside, this article is nothing to sweat over in my humble opinion.Do unto others....you know the rest...
Here I am getting my Dinar News Fix waiting for that "Bold Adjustment"
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13-08-2007, 05:43 PM #14
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Yankeefan needs to be educated: A lop is only appropriate in the case of "HYPERINFLATION" like Russia and Venezuela...Iraq is not even close to that scenario!! In fact Iraq's inflation rate is on a slow decline (very very slow).
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13-08-2007, 06:19 PM #15
Though I understand what you are saying and an education is not what I need because I have been invested for quite some time. The fact remains, all those articles saying Iraq wants to return to previous levels, what people fail to understand (or refuse to understand) is back in the day when Iraq's exchange rate was high ($2 - $3+) they had small denominations, they never had 1k,5,k,10k,25k notes, so in order for them to return to previous levels they need the same denominations of currency, that would mean bringing them down from trillions to billions (like it was back in the days of a high exchange rate), IMO if they remove the 3 zero's they can have a high exchange rate $3+, while I know it sounds bad and everyone hates that theory but in essence the Iraqi people would be able to triple there money, (which makes more common sense then suddenly everyone in Iraq becoming millionaires overnight, and while us regular non Iraqi investors may hate it, because making 3x on our investment just doesn't cut it for many it's what truly makes sense in this situation. JMHO
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13-08-2007, 06:47 PM #16
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Last edited by Hardwood; 13-08-2007 at 06:55 PM.
Do unto others....you know the rest...
Here I am getting my Dinar News Fix waiting for that "Bold Adjustment"
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13-08-2007, 08:52 PM #17
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Just what I expected to hear, economically intellectual and plain sane for a pragmatic viewpoint shared. It does sound like a correct crunch one hears when a good apple is bitten... and it is an Apple we get to hold and see....unlike many believing it is an ORANGE they prefer believing in...
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13-08-2007, 09:29 PM #18
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Not sure I'd take info from Foratnews too seriously....Iran isn't the most trustworthy source of news.
foratnews.com | Owner: Mizban Network, Iran, # 140 Molasadra, # 1 Second Floor, Tehran, Tehran 1435915361 | Server location: United States
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14-08-2007, 01:35 AM #19
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What's wrong with making 3 times our investment? 2 million dinars becomes 6 million dinars...why would that be upsetting?
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14-08-2007, 03:00 AM #20
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