Thread: Rates, Dates, & Fates.

Originally Posted by Bubba Dinar

They don't need to make a par value! It all ready has a value according to IMF records. All they have to do is go back to a deJure Regime from a deFacto Regime. Don't you think they would have had all the T's crossed and the I's dotted by now?? I am sure a new Letter of Intent has been sent by now since the February one has expired by now..

They will need to set a par value after moving away from the program exchange rate. They changed the currency, therefore after the program exchange rate is lifted they will need to set a value for the "New" Iraqi Dinar.

They will not resume the exchange rate at $3+ since the market rate before the new currency was issued was nowhere near the $3 mark. The CBI would have to utilize an economic stability factor to set a new par value.

My thoughts

Originally Posted by DesertWolf

Tell ya all what I’m going to do to help the nay-sawyers out of their depression over the low and slow RV rate of the IQD.

Now just IM me for my mailing address. Send me ALL your IQD. I’ll issue you a receipt up conformation that the IQD you have sent me are legal and not counterfeits. I will hold your IQD until they RV and upon turning them in at the HIGHEST RV rate, I’ll return to you via certified mail a CERTIFIED BANK CHECK in the amount of the LOWEST RV rate projected, etc .01, .02, .05 USD per IQD.

This will allow you to have that worm touchy feeling that you called it right and got your .01 cents USD per IQD. I’ll even promise to keep your secret while I decide which South Seas Island I’m going to buy and set up for the other investors that held on for the higher rates to kick back and have fun. I may even name a bungalow after you…

This offer is void where prohibited by law!



DesertWolf

I like this idea too! I'll gladly hold the "naysayer dinar" and when it RV's @ $2.89/dinar, I'll send you double what Wolf will send you (2 cents/dinar instead 1 cent/dinar)

Originally Posted by ChiefWealth53

I like this idea too! I'll gladly hold the "naysayer dinar" and when it RV's @ $2.89/dinar, I'll send you double what Wolf will send you (2 cents/dinar instead 1 cent/dinar)

Oh NO, not a bidding war! I'll up my offer to .0125 cents US...

DesertWolf

Originally Posted by Arkie

Right On! EJAMM Right On!

What I can't help from wondering is how much Dinar that each member country has sitting in it's treasury just waiting on "RV Day".


Arkie.

The IMF has tons of dinar themselves...its a requirement.

Under the Articles of Agreement XIX the member country has to provide freely usuable currency to the Fund. So the IMF is holding New Iraqi Dinars, now the best question to ask is...Why is the IMF holding 110.6% of Iraqs Quota?

Originally Posted by EJAMM

They will need to set a par value after moving away from the program exchange rate. They changed the currency, therefore after the program exchange rate is lifted they will need to set a value for the "New" Iraqi Dinar.

They will not resume the exchange rate at $3+ since the market rate before the new currency was issued was nowhere near the $3 mark. The CBI would have to utilize an economic stability factor to set a new par value.

My thoughts

That's because Saddam was eating up their Foreign Reserves fighting Iran and printing a lot of Dinars. But the New Dinar was a 1 to 1 replacement so, was not a substantial change in the amount of Dinars in print.. We do not change the value of the Dollar every time we change the Bills..Besides that, if the Banks assets are based on $3.22, than once a new value is declared....01 for instance, all the Banks will have to "Write-Down" Assets to the new value, making them technically Bankrupt. Now why would a Cental Bank want all of their member Banks bankrupt? The idea of a Central Bank is to Monitor and Control their Member Banks and to "Protect" member Banks not to Bankrupt them....

[quote=ChiefWealth53;217261]

Originally Posted by ChiefWealth53

I need your help with:

Tom's Top 10
(Reasons why there will be a bold RV
on or about July 1st)

I'm gonna give you TWO:

1.) The security operation in Iraq "will now begin"
(Voice of Iraq ) - 16-06-2007


2.) 3,111 TRILLION BARRELS OF OIL in the ground in Iraq @ $60/barrel equals $186,000,000,000,000 (That $186 TRILLION DOLLARS TO BACK THEIR CURRENCY)

Anyone else want to help me with this?


Please help me make this list.

THIS IS AN INTERACTIVE EXERCISE.

I would, but are we supposed to be getting the list from somewhere or making up our own? sorry, just trying to catch up after working around the house.

[quote=cooldolphins;217275]

Originally Posted by ChiefWealth53

I would, but are we supposed to be getting the list from somewhere or making up our own? sorry, just trying to catch up after working around the house.

I want RolClub members to help make "a list".

[quote=ChiefWealth53;217277]

Originally Posted by cooldolphins

I want RolClub members to help make "a list".

Tom's Top 10
(Reasons why there will be a bold RV
on or about July 1st)

I'm gonna give you TWO:

1.) The security operation in Iraq "will now begin"
(Voice of Iraq ) - 16-06-2007


2.) 3,111 TRILLION BARRELS OF OIL in the ground in Iraq @ $60/barrel equals $186,000,000,000,000 (That $186 TRILLION DOLLARS TO BACK THEIR CURRENCY)

3.)Time is running out for Maliki

Originally Posted by wciappetta

Agreed,

As far as low denoms go, we know 14 denominations/catagories were printed/minted...They could be in fact pre-positioned in the banks right now.., I would not be surprised if this is the case. There has been mention of this before.

I agree to a point. Yes we know that 14 have been printed. That I agree with. What I don't agree with is that they are pre-positioned in the banks. Someone, somewhere would have seen them. Someone transporting them from Delarue, guarding them on the tarmac at Baghdad Airport, taking them to all the banks in Iraqi from the Airport, all the tellers in the banks! etc etc. Somebody out of all those people would have talked! My assumption is that they are no where near the banks! Yes there has been mentioned before a rumor that there was Striker vehicles headed for the business district in Baghdad loaded with smaller demos at the end of last year! Did not happen obviously!

Originally Posted by Caddieman

I agree to a point. Yes we know that 14 have been printed. That I agree with. What I don't agree with is that they are pre-positioned in the banks. Someone, somewhere would have seen them. Someone transporting them from Delarue, guarding them on the tarmac at Baghdad Airport, taking them to all the banks in Iraqi from the Airport, all the tellers in the banks! etc etc. Somebody out of all those people would have talked! My assumption is that they are no where near the banks! Yes there has been mentioned before a rumor that there was Striker vehicles headed for the business district in Baghdad loaded with smaller demos at the end of last year! Did not happen obviously!

Maybe they are in place but are wrapped in brown paper or something and no one knows what's "under wraps". Just a thought.