Thread: No Revalue? Word From Minister of Finance?

Originally Posted by PaulieThaGreat

Ok well I was talking to a friend of mine named Altaie who lives in Egypt but is from Iraq. His brother works for the UN here in NYC. Altaie tells me that the Minister of Finance was here in New York yesturday or a few days ago and told his brother that they are trying to get the dinar to $1:1000 Dinar in the next 2-3 years and then they will take off the zeros and make a new currency. So 1000 dinar will be like a $1 bill.I dont really know how credible this information is because this guy could just be lieing but take what you want from it.

LOL... Gee that makes a lot of sense... So is this what your "source" is talking about below?!?

New Iraqi Dinar Denominations
50 Dinar
250 Dinar
500 Dinar
1000 Dinar
5000 Dinar
10000 Dinar
25000 Dinar

Newer Iraqi Dinar Denominations
5 Dinar
25 Dinar
5 Dinar
1 Dinar
5 Dinar
1 Dinar
25 Dinar

Seriously, some of you have sources that need to be put to bed, most likely out to pasture all together... 'Cause all it's doing is creating some unnecessary hooplah... We need to just relax and follow true factual developments, not hear say and speculative garble... To issue newer currency just after they've done away with the old one, makes no real sense to me, especially in their case of dollars and cents right now... 'Cause printing money doesn't come cheap either... I think it would be much more sensible for them to strengthen their current currency as they re-structure their country... If they "do" decide to change their currency it would be most likely 10 years or more after they've been able to gain strength with the current currency... It's all a matter of establishing currency confidence here...

Wonder if Neno have any good news from his sources. Hopefully we get our RV by 28th. Still have 3 days..

Originally Posted by WinterWolf

LOL... Gee that makes a lot of sense... So is this what your "source" is talking about below?!?

New Iraqi Dinar Denominations
50 Dinar
250 Dinar
500 Dinar
1000 Dinar
5000 Dinar
10000 Dinar
25000 Dinar

Newer Iraqi Dinar Denominations
5 Dinar
25 Dinar
5 Dinar
1 Dinar
5 Dinar
1 Dinar
25 Dinar

Seriously, some of you have sources that need to be put to bed, most likely out to pasture all together... 'Cause all it's doing is creating some unnecessary hooplah... We need to just relax and follow true factual developments, not hear say and speculative garble... To issue newer currency just after they've done away with the old one, makes no real sense to me, especially in their case of dollars and cents right now... 'Cause printing money doesn't come cheap either... I think it would be much more sensible for them to strengthen their current currency as they re-structure their country... If they "do" decide to change their currency it would be most likely 10 years or more after they've been able to gain strength with the current currency... It's all a matter of establishing currency confidence here...

Just wondering how much does it cost to print money-bills and coins??? Thank you.

Originally Posted by SpongeDinars

Just wondering how much does it cost to print money-bills and coins??? Thank you.

Doesnt cost as much as you guys think..... Maybe 100 Billion to print a new currency....

Originally Posted by PaulieThaGreat

Thats messed up man.

No doubt. That's just scary!

Originally Posted by PaulieThaGreat

Doesnt cost as much as you guys think..... Maybe 100 Billion to print a new currency....

Think about what you just said. I swear Paulie you don't have a clue about the amounts we are talking about do you? 100 billion is a huge amount of money. Also go back to your source and grill them about the info they are passing on. Or are you actually getting this third hand? This sounds a little too cut and dried for me. First off, they will get their money in the forex soon. Even if they do nothing when the oil starts flowing at greatly increased levels, which it will, they are going to have a tough time keeping the price down to 1000 to 1. Their booming economy and demand will drive the dinar.

Originally Posted by goldraker

Insensitive comment removed-MrQ

That's low...even for you.

Let's just start making up our own rates! We could RV ourselves, we need to contact the ebayers and the dealers to set new rates. Let's put the new rate at $ 2.50. To lessen the shock we should start selling the lower demons. So let's start trading and selling the 50's at $ 125.00 each!

Goldraker & Associates new RV'd rates are as follows. Notice these rates are Rated and created by Goldraker & Associates estimates based on the PARTIAL wealth of the country of Iraq. So they are the new official Goldraker & Associates standard to be now applied.

1-25 Dinar ='s $ 62.50 USD
1-50 Dinar ='s $ 125.00 USD
1-100 Dinar ='s $ 250.00 USD
1-250 Dinar ='s $ 625.00 USD
1-500 Dinar ='s $ 1,250.00 USD
1-1000 Dinar ='s $ 2,500.00 USD
1-5000 Dinar ='s $ 12,500.00 USD
1-10,000 Dinar ='s $ 25,000.00 USD
1-25,000 Dinar ='s $ 62,500.00 USD
As of 4/25/2007 these are the IQD rates established by Goldraker & Associates. If anyone sells NID/IQD dinars, below the new established rates. They will be selling themselves SHORT big time........

Originally Posted by Adster

No MP would give out info like that, well, truthful info. And anyway Bush needs payback asap, 2 to 3 years gets the big BS Flag.

That's a huge flag Let me help you hoist it!

Originally Posted by Adster

No MP would give out info like that, well, truthful info. And anyway Bush needs payback asap, 2 to 3 years gets the big BS Flag.

Put a flag for me also Adster!

LOL, 2-3 years!!