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  1. #121
    Senior Member bluedangle's Avatar
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    Quote Originally Posted by H2O_Lover View Post
    well i see the coin but the notes add to 7 ...not sure where they got 8 ?? and was there a late note added one that was not avalible when the others where ? as the article states 6 ??

    2 coins

    50
    250
    500
    1000
    5000
    10000
    25000
    Did it say 6 notes or 8 for the people?
    Is it not possible the 2 very high
    denomination notes will be used
    for bank transactions only?
    and they will introduce 3 smaller notes
    for "the people"
    Just a thought.

  2. #122
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    Lightbulb Hummm,

    Quote Originally Posted by Seaview View Post
    The recent LOI was only heresay - so we don't know that it even existed. I tend to believe not. Even if it did it was apparently dated 8/9th April - so it will have expired by now anyway.

    Hearsay or not, it was on April 16-19th, during shabbibis vist to Washington, (and yes, it has never surfaced) then the Pension was signed on May 19th supposibly with a Pension rv. It didn't take effect by the Constitution Article 73 I believe, for the Presidential Signature. But it has until June 19th be their own laws to take effect 30 days after made Official, or there is one more clause of another 30 day delay.

  3. #123
    Senior Investor Spoiledred's Avatar
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    Quote Originally Posted by neno View Post
    Hearsay or not, it was on April 16-19th, during shabbibis vist to Washington, (and yes, it has never surfaced) then the Pension was signed on May 19th supposibly with a Pension rv. It didn't take effect by the Constitution Article 73 I believe, for the Presidential Signature. But it has until June 19th be their own laws to take effect 30 days after made Official, or there is one more clause of another 30 day delay.
    What do you think neno? Another 30 day delay? the 19th is almost here. seems like they have a reputation for delaying things. Hurry up and wait.
    [CENTER]A healthier you, MonaVie! www.TheGreatProduct.com/pegjones

    Smile, you look good and no one really knows what your thinking!

  4. #124
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    Default Have No Clue.....BUT

    Quote Originally Posted by Spoiledred View Post
    What do you think neno? Another 30 day delay? the 19th is almost here. seems like they have a reputation for delaying things. Hury up and wait.
    I am Invested.....

  5. #125
    Senior Investor Spoiledred's Avatar
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    Quote Originally Posted by neno View Post
    I am Invested.....
    Yes, we all are!! Let it happen!
    [CENTER]A healthier you, MonaVie! www.TheGreatProduct.com/pegjones

    Smile, you look good and no one really knows what your thinking!

  6. #126
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    Quote Originally Posted by Cdn Scrooge View Post
    You may want to check this out. On the site of The Bank of Baghdad there is a reprint of their 2004 annual report to the shareholders. Here is an excerpt from that report:



    I would to inform all the stockholders of Baghdad Bank that the report of the managing council 2004 was prepared according to the demands of Central Bank of Iraq to balance US dollar price to0.310 ID instead of its real value (1460) ID per 1 US dollar, so, the report and general budget do not necessarily reflect the actual situation of Baghdad Bank and the volume of economical incoming indexes, so, this report was issued in order to meet the demands of the rules and instructions.


    page

    I think this is where the idea of the 3.22 rate originated from. If .31 NID = 1 USD, then 1 NID = 3.23 USD.

    Another comment I have is that the IMF does list oil as one of the commodities that can be used to back a currency. I don't have a link for that, but I have seen that info posted more than once.

    In my opinion, there is no way that Iraq will be able to rebuild their infrastructure and/or increase oil production without a substantial investment. I have seen numbers presented in the range of 100 billion or more to get everything going. They just don't have that much in their coffers and I don't see them able to borrow what they need. To encourage foreign investment and to stimulate their economy, they must do something quickly with the exchange rate. Again, that is my opinion.
    Commander! You are the Master and Commander! That article you talk about refers to petrodollars - backing a currency with Oil! Cant find the article been searching for awhile but I believe Adster was a big advocate of Petrodollars! As for their rate I believe that it will be atleast 3.22. The IMF and World bank have all said they can set and carry whatever rate they decide to set it at! So lets just sit back and see but in the ened we will be the winners!

  7. #127
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    Quote Originally Posted by neno View Post
    I am Invested.....
    Hey. What do you meanby this? You are invested meaning it doesn't matter whether it is soon or another 30 days? Or does this mean something else?

  8. #128
    Junior Member Zildjian67's Avatar
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    Default RV Party

    So...Is the RV party still going on in Florida? lol

    "D"

  9. #129
    Senior Investor Spoiledred's Avatar
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    Quote Originally Posted by Zildjian67 View Post
    So...Is the RV party still going on in Florida? lol

    "D"
    One thing, There is always a party in Florida!!!! Pre, post, during, doesnt matter!

    [CENTER]A healthier you, MonaVie! www.TheGreatProduct.com/pegjones

    Smile, you look good and no one really knows what your thinking!

  10. #130
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    Default Exactly

    Quote Originally Posted by ChiefWealth53 View Post
    Hey. What do you meanby this? You are invested meaning it doesn't matter whether it is soon or another 30 days? Or does this mean something else?
    Or....When ever Chief.

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