Backdoc » May 16th, 2015, 7:05 pm
A dinar is a dinar 1, 5, 50, 100, 250, 500, 1000. It matters not to me what they print.
Family let be as clear as possible. A dinar is a dinar the value will rise to a rate you will spend or exchange as a dinar. Think it thru.
I spoke a week ago about understanding they use terms loosely and many do not understand. Words can hurt and bend the truth. However numbers don't lie.
The call for international accounting will make the numbers clear to all. Which at that point the true value of dinar to any currency will be known.
It is bigger than any of us. For that matter bigger than USA. It is global.
Values will adjust based on values you seek, which ever one that is. How many dinars on a note doesn't matter if it has a higher value.
Stop buying in to the chatter about it. A week a go I made it clear what ever anyone states it matters not.
Denoms of higher count is not in the numbers and a dinar is a dinar. I am sure it is last Sat post Frosty did for us all. Do you see that Frosty.
Frank also I agree time for Superman to speak and to tell us.
What's up Doc?
RE: TOPSHELF, (See Post Below)
WELL, MR. TOPSHELF, IRAQ SPENT HOW MANY YEARS DOING CURRENCY AUCTIONS? MMMM MANY!!
AND THE PURPOSE WAS TO DECREASE THE NOTE COUNT RIGHT? RIGHT!
SO IF IRAQ WANTED TO INCREASE THE NOTE COUNT AND DESTROY ALL THE WORK THEY HAVE DONE FOR THE PAST NUMBER OF YEARS THEN WHY NOT OPEN THE BUDGET PUBLICLY AND PAY BILLS AT THAT LOWER RATE?
BECAUSE IT HAS ALWAYS BEEN THE PLAN TO RESTORE THE DINAR TO ITS' "FORMER GLORY",
THATS WHY WHEN WE SEE ANYTHING THAT GOES AGAINST THAT PLAN WE KNOW IT'S SMOKE OR A MISUNDERSTANDING FOR AN INTENDED OR UNINTENDED PURPOSE!!
THE ACTIONS MUST FOLLOW THE LOGICAL GOAL JUST AS YOU SAY MY FRIEND:
"WORDS MAY LIE BUT NUMBERS NEVER DO"!!!
PROUD OF YOU FRIEND!! DOC IMO
TOPSHELF: From Wed. night CC 5-13-15
I want to explain something to the KTFA and PIF forums.
Monetary systems have a pretty standard guidelines.
There is no such thing as a denomination in the banking system. It’s only the physical currency (coin or paper) that will be labeled with a denomination.
Pick any country’s currency … like the USD … when you look up your account balance … you can see how many dollars and cents that you have … but that account balance does not tell you what denominations make up that account balance.
If you decide to withdraw $100 in cash from your bank account … you could request it like this:
ONE - $100 bill
TWO - $50 dollar bills
FIVE - $20 dollar bills
TEN - $10 dollar bills
TWENTY - $5 dollar bills
ONE HUNDRED - $1 dollar bills
So obviously the only difference is the amount of space that each denomination takes up … but it DOES NOT change the value.
(This is a basic concept for newbies)
A lot of other countries are pegged to the USD.
Just because another country is pegged to the USD … that doesn’t mean that the citizens of that particular country use USD in their local markets. They use their own country’s currency.
Everyone knows that Iraq wants to go international … and the IQD is ultimately INTENDED for the Iraqi citizens to use. But it will also be used as a RESERVE / SUPPORT currency.
Iraq’s books show what a dinar is … and how many they have.
Iraq citizens want purchasing power … and a currency that is deserving of its true value.
Dr. Shabibi knows … (everybody knows) … when it’s time for the Iraqi’s to use the IQD … they will abandon the USD like wildfire!
Obviously the government of Iraq is paying somebody something … their books show that.
Anyone who has a contract with the Iraqi government … and they are owed money … they don’t get to hedge on that money. They are entitled to what their contract says.
So for example … if Iraq contracted with a USA company to do some work … example: $100 Million Dollars … the USA company would want some assurances (guarantees) that they would get paid over a certain period of time.
If Iraq defaulted … that USA company would still expect to be paid for the work that they did.
Obviously the USA company would benefit (by getting the work) … but they would also stand to benefit if they are holding a contract that was contracted for in IQD’s and the rate changes … or the launching of the bonds.
Now … as a contractor … it’s not my job to figure out (or necessarily understand) exactly how you are going to pay me … just that I get paid.
Likewise … we (citizens of the USA) … that hold IQD … essentially hold a “contract” or note of value [from their CBI].
Think about this … if a company like Apple wanted to report horrible earnings … that would be easy to do IF they held the wrong foreign currency in their reserves for a particular country.
Likewise … that company could do very well if they held the right foreign currency and did it the right way.
Iraq wants to pay all of the “people” … in a particular pecking order.
So … let’s say that I owed Frank $20 Million USD.
So … how do I pay Frank off?
Well, if I didn’t have the money right now … I could borrow it … (putting up some collateral) … backed by bonds or natural resources.
So who would loan me the money so I could repay Frank?
A bank could … but the bank would want some type of EXPERT analysis done on the collateral to make sure they were not going to lose money if I defaulted.
Iraq is paying a lot of people … the spreadsheet has value.
Years ago … companies were allowed to go into Iraq … and they knew they would lose money because they got their foot in the door … and they are now about to be paid … based on what the spreadsheet shows.
New contracts will be written at a different rate.
Iraq needs to pay a lot of people … (contractors and citizens).
This will become a WIN-WIN for all!
The evidence is there. Iraq is paying a lot of people … from country to country … from central bank to central bank.
Hang-on … it’s coming!
Iraq does not want to wait until the last minute … with a goal before Ramadan.
Understand this … Iraq couldn’t start this … (paying people) … unless they knew that they could finish it.
To wrap this up … they removed the 50 dinar note for a reason.
No one has a 50,000 note.
They are doing things within their balance sheet … so they can get the rating that they need.
Iraq is not seeking to go bankrupt … if they were … they would print up 50,000 and 100,000 notes.
Just sit back … smile … relax and enjoy your day … because they’re numbered.