Thread: No Revalue? Word From Minister of Finance?

Originally Posted by goldraker

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........

Nice rates, but Crazy Habib over in Beirut Flats is giving me higher RV rates...

Just to maintain the U.S. Dollar costs 120 MILLION a year.Just a simple penny costs 9/10 of a cent to make. So a reprint would be a would be out of the question.

Originally Posted by H2O_Lover

sounds like your somewhat attached to your rumor ? Makes me wonder now.

I think we all figured that once the dinar was worth more they would pull the larger notes and work their way down to notes that would work for what ever the currency demanded.

Makes me wonder what that duck is doing to that rabbit in your avatar?

Interesting,

Every time I hear reprint I just laugh. We already know there are other smaller denoms already printed and waiting, so the larger 25K, 10K, 5K and 1K will simply be phased out just as the $10K, $1K and $500. were phased out in U.S. years ago. A total reprint would make no logical sense as was pointed out many times by many people here.

Good luck and health to all, Mike

Originally Posted by PaulieThaGreat

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

Paulie, this is for you and anyone else here: I've never heard of a country lopping currency unless there was several years of rampant inflation. Can anyone point to a country that did lop currency where there was no inflation? It seems such a move would eliminate ALL confidence in the currency of that country.

The CBI doesn't need to lop because they can control the money supply in other ways. Also, inflation is getting under control which, in it self, is a miracle in a war time economy. Thoughs anyone?

Originally Posted by RetMil

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.

Consider the source of this rumor. It's just Paulie stirring the pot with a bogus lop rumor. Take him with a grain of salt.

Originally Posted by Offshore-Wealth.com

Interesting,

Every time I hear reprint I just laugh. We already know there are other smaller denoms already printed and waiting, so the larger 25K, 10K, 5K and 1K will simply be phased out just as the $10K, $1K and $500. were phased out in U.S. years ago. A total reprint would make no logical sense as was pointed out many times by many people here.

Good luck and health to all, Mike

i think u r right the only reason that they have the 25k,10k,5k,and 1k is cause there money is not worth anything so they need the big bills so the don't have to drive a dump truck full of cash to the store just to buy a ding dong or a ho ho. so when the RV come u will see them go away

Originally Posted by PaulieThaGreat

Tell me a country you know that walks around with bills worth $3000usd,$75,000usd and so on and so on?

The U.S. used to have $10k notes but they are now all nearly taken out of circulation as will the NID once it revalues... right?

Originally Posted by s_cotton33

The U.S. used to have $10k notes but they are now all nearly taken out of circulation as will the NID once it revalues... right?

Yes, same concept.

Originally Posted by s_cotton33

The U.S. used to have $10k notes but they are now all nearly taken out of circulation as will the NID once it revalues... right?

As well as the $100,000.00 note too.