[therealbubbie] Shredd when are they going to start the movement of the dinar !! I need answer son !!!
[cave] Shredd yea Shredd when inquiry minds wanna know
[Shredd] in the coming days, soon, early 2015
[Shredd] tbh, I think as soon as Shabbs is caught up
[Shredd] look at the reserves situation the value of the dollar is down right when we left gold standard
[Shredd] the value dropped because we had too much supply. Iraq has strongest situation in this regard 1.5x coverage that is monetary policy strength there
[Shredd] not for current policy but the one to come yep, 1.5x or 150%
[tlm724] I like the sound of 150%
[Shredd] that answers the "can iraq add value" question, done
[Shredd] so, security has been an issue in the past too, terrorist funding, so what did the cbi do. they replaced the current notes, done
[Shredd] next, stability has been a requirement too, the dinar has proven to be stable for years. Yes it has fluctuated but how close iraq has been to the 2% mark is great to see
[Shredd] so banking and investment laws are being worked on we've been seeing it in the news for the past few months
[Shredd] the budget passing will be good and the laws that should come be passed soon will be even better, Shabbs is back too
[Shredd] we have a new government that has a leader who has proven to be so much more aggressive and productive than Maliki and he (Abadi) is pushing for economic growth
[Shredd] so, I know I joked saying "soon" but I meant it
[therealbubbie] Shredd so in your opinion.. we should be done with this ride in 2015 !! say it son!
[Shredd] well, for me, I expect the gradual process to bring value back to the dinar to start this year
[Shredd] I believe we'll all have a choice as to when we want to exchange our dinar for the dollar, sooner for less or later for more, that's when we'll all have to truly act like investors
[therealbubbie] ahhh the question will be how much longer !
[Shredd] not too many investors would jump from the strongest currency in the world to the struggling US Dollar
[Shredd] that would be like selling your Google stock you've had for ten years and buying stock in Radio Shack!
[Shredd] therealbubbie right
[Shredd] for me, I expect I'll be done with this in 4-5 years but that's just me
[tlm724] so it's your intention Shredd to just use what you need and let the rest of your dinars grow in value as Iraq works it's magic over the next several years
[Shredd] yes indeed
[tlm724] great plan !
[Shredd] so long as the risk doesn't outweight the potential return, we'll have to carefully study together
[tlm724] right you'll have to keep your finger on the pulse
[Shredd] also, we will have to see how our banks react to this
[Shredd] btw, here's a fun fact and I've said this before...when this process starts, the demand for the dinar outside of Iraq will be huge, supply will run out at brokers
[Shredd] and they'll likely pay more for your dinar so they can resell it so folks may very well be able to sell their dinar for higher than the official exchange rate (less spread) at banks
[Splatyfish] Shredd do you think it will start from 1166 and go up from there?
[Shredd] I think it is likely
[cave] thanks Shredd
[therealbubbie] tlm724 is there any chance we would have some trouble cashing in large amounts ..like more than 5 =10- 15 mill !!
[tlm724] therealbubbie I think once the process starts and the banks are set they would welcome large amounts without a doubt
[tlm724] therealbubbie banks will love it bubbies ! More money
[therealbubbie] tlm724 well you better have all the papers that you bought the dinar !
[therealbubbie] tlm724 banks could be on high alert for terrorists with large amounts of foreign cash !
[tlm724] therealbubbie yes thats what I understand, you need verification of where they were purchased
[tlm724] therealbubbie right !
[therealbubbie] and one thing I won't do is leave the money with them .. not without a bank giving me proof that they received my dinar !
[tlm724] exactly, trust no one not even the bank. I have copies of mine bubbies with the serial numbers just in case, just be sure to overlap the bills slightly when you copy them so you can't be accused of possibly counterfeiting.
[therealbubbie] tlm724 me too !!
[tlm724] no can do the old switcharoo, its a wise thing for eveyone to do !
[tlm724] thanks everyone, great chat !