Thread: Rv More Info For All

Thanks TerryTate. I didn't think of it that way. Don't get me wrong I'm happy to see any movement on the dinar. Hopefully the end is near. I will be hanging onto my dinars if it does RV between .02 - .05.

Thanks,
mewannapeg

Originally Posted by TerryTate

To answer your question mewannapeg, the Iraqis are going to hold on to their Dinar because the value is going to increase. Simply put they currently have Dinar that is worth $0.000786/Dinar, and then if the exchange rate increases to say one penny ($0.01/Dinar) they have just made an increase of 12.72 times what they had the day before. So, in essence they can then exchange their Dinars and get more dollars than they could the day before a RV. If they held dollars then they would be getting less Dinar back if they exchanged after a RV. Sounds like a good reason to hold onto the Dinar.

I think you are getting confused by stating that the Dinar has to be more valuable than the Dollar for Iraqis to want to keep it. It only has to increase in value for someone to want to keep it, as they will be able to get more stuff with it once it becomes more valuable.

Hope that clarifies it.

Makes some sense. we are holding out why wouldn't they?

Originally Posted by TerryTate

To answer your question mewannapeg, the Iraqis are going to hold on to their Dinar because the value is going to increase. Simply put they currently have Dinar that is worth $0.000786/Dinar, and then if the exchange rate increases to say one penny ($0.01/Dinar) they have just made an increase of 12.72 times what they had the day before. So, in essence they can then exchange their Dinars and get more dollars than they could the day before a RV. If they held dollars then they would be getting less Dinar back if they exchanged after a RV. Sounds like a good reason to hold onto the Dinar.

I think you are getting confused by stating that the Dinar has to be more valuable than the Dollar for Iraqis to want to keep it. It only has to increase in value for someone to want to keep it, as they will be able to get more stuff with it once it becomes more valuable.

Hope that clarifies it.

Hey Terry, Is there any word as to them pegging it at the dollar or the euro? I know there was talk of that in the past.

Originally Posted by bigdog79

Secret Key=Danny Dinar=Susie??? Try that one...

No- Secret Key =Danny Dinar= trouble.
Leann

Originally Posted by notazbad2000

Hey Terry, Is there any word as to them pegging it at the dollar or the euro? I know there was talk of that in the past.

To add to the above question, I have a few questions for our experts...

If they PEG the rate to either the US Dollar or Euro, does this mean that it won't be on the Forex? Or does this mean that the rate will NOT "float" (assuming UP) with "supply and demand" market influences?

Also assuming it goes on the Forex (ie. traded by more than just a handfull of banks worldwide)...wouldn't the banks just hold onto all that is traded in. I guess there is a point when they have too much in their portfolio (just to throw out a number, lets say a midsize bank might hold 500 million in foreign money, a biggie like Chase, BoA, Citi, ect might hold 2-5 Billion...)

Anybody have any ideas about this...

By the way, thanks Danny for the information.

Dinarstars

Originally Posted by cigarman

Well, it hasn't yet, but remember if it does, it will jump once the HCL is enacted. Hang tight it will happen. The cbi won't get mine for .02!!!

Thanks cigarman. I probably should know this, but when do you think the HCL should be enacted? Isn't HCL the Hydrocarbon Law? For some reason I thought it was already done.

Originally Posted by notazbad2000

Foreplay adds to the excitement.

name that movie, "Winston's idea of foreplay was "Brace yourself Effie!"" The reval should be so quick and to the point. ha ha.

I'm not going to rip on Danny today but if there is an auction tomorrow can we please stop bringing the quotes from that lier Secretkey over here. That guy is nothing but a BS er.

Originally Posted by ourhouse37

name that movie, "Winston's idea of foreplay was "Brace yourself Effie!"" The reval should be so quick and to the point. ha ha.

One of my all time favs, Mrs. Doubtfire.

Foreplay / Long Time

Boston