BondLady's Corner Member Chat on Currency Reform Program Part 2
[Shredd] you remove the power of money (criminals holding counterfeit dinar), that is huge and will allow a more stable dinar WHEN it begins to grow in value
[BondLady] its the beginning of removing the big notes the 3 zero notes from the markets, prelude to the lower denominations
[Shredd] yes Bondlady
[BondLady] right, its when not if
[Shredd] yes and we have more than one factor now that will push up the dinar value... lower note count, investment growth moving towards market economy, supply and demand it's all good news and we will be able to see this start to roll out next year, finally good to see light at the end of the tunnel!
[BondLady] its began already a few months ago, DFI and CBI reserves will raise the value of the dinar as more notes get exchanged for the new security features notes the 000's will begin to come off long before the new lower dinars get released
[BondLady] see if you all will remember 1 of the many chats I have done through out the years the CBI said as the economy progressed and infrastructure became good the 000's would drop off as Iraq flourished not in a literal sense but in a numbers sense basically, the rate would rise as Iraq grew
[Shredd] yes a market-driven value
[BondLady] and we have seen how thats happened from over 3000 to 1 USD through out the years down to what it is now 1166 so replacing the old 3 zero notes with the new 3 zero is the plan IMO the 2 nd stage to bringing out the new lower denominations
[Shredd] agreed, for me, I believe the CBI will continue to manage the float which will help pull the large notes and push the need for LDs
[BondLady] and gurus have made it all but impossible to see the reality of what truly has to be done 1st by claiming a RV every day or it'll be in the budget or whatever
[Shredd] yes it does
[BondLady] but reality shows us a process here and a substantial rise in Iraq's economy and the whole process which wasn't a small process but a huge 1 and its all going to be worth while I have no doubt
[tlm724] without a doubt Bondlady !
[BondLady] but there are stage's has to be brought and thought of before we can go right on into a new rate and new ld's.
How could they bring out a even 1 to 1 with 40 trillion dinar in the streets an markets ? they couldn't, they have to remove the majority of those 1 st let the dinar dry up thats in circulation 1st
and many trillion will be brought back to the CBI to be destroyed right off the bat and this will begin the process of the RAISING of the zeros off the currency
[Shredd] raising = removing! taking out of circulation
[BondLady] I think the process will be pretty quick at 1st but as in all things it'll slow down
[BondLady] the CBI says 5 years to complete the process. I don't think it means 5 years to raise the value either. I think its meaning........ and its only my opinion
but itll take 5 yrs to get the rate back to either what it was before in Saddam times or to raise it higher than what it was before with the new economy growth in all things and not just oil
[BondLady] as we see all the world coming in to invest all the much needed laws we need to see passed to protect Iraq's wealth from all who seek to rob it or cause it damage
[Shredd] I agree balance in the economy
[BondLady] these laws are put in place to protect Iraq and its people from economic terrorism as well, counterfeiters and corruption which Iraq is tackling at a 1000 percent right now admitting wrongs and doing something about it to change the path Iraq has been on for the last 10 years
[BondLady] promote Iraq instead of devastating it giving the people a new life they truly deserve, they have been through so much war and terrorism for years
its time for them to have some peace and peace of mind not having to worry where their next meal to feed their babies will come from or if they will be killed or hurt from day to day
[BondLady] it's Iraq's time to shine and grow as we see the world stepping in to protect them and drive evil out of Iraq, don't forget evil has many faces too...
whether its by terrorist or corrupt leaders or counterfeiters evil has many faces
[Shredd] what's cool about this process is we will be able to see the dinar grow in value and not just hope for an overnight surprise RV
[Shredd] so we all will be able to decide when we want to cash out which, by the way, will jump demand in our dinar right away
[BondLady] right I think it'll start off with a big boost as they draw in 1st the banks old notes and replace those which will end bk up on the streets
[Shredd] individuals will be able to pay high value to get their hands on dinar
[BondLady] destroying trillions of the old very quickly
[BondLady] then the slow down as more gradually gets brought in from under folks mattresses or wherever
[BondLady] yes the saying supply and demand definitely goes in here
[cat] BondLady may I ask something please
[BondLady] demand will be big, anything in demand rises in value
[BondLady] yes cat
[cat] pulling in the 3 zero notes does this apply just to Iraq now ?
[BondLady] I don't think at this point it applies to us cat I think the notes we sit on now will just increase in value as they go along pulling in the old notes
[BondLady] the article said 5 years, by that time ours should be at least worth quite a bit,we would be able to cash in at some point as it increased in value at different stages of this 5 years or wait it out for the big money or cash in what we needed and hold the rest but like I said before its IMO this is how it'll go down I'm no economist or banker so I don't know for a fact
[Shredd] no one does
[BondLady] I'm just saying this made sense to me and there's a good chance this might happen this way. Just trying to prepare us for any scenario that may take place here it's nothing at all to be bummed out about either, it's the beginning of the end finally
[BondLady] and we can see it happening now as it started months ago
[BondLady] for so long Iraqi dinar has basically been a penny stock to me
[BondLady] but soon it'll be a full economic power house and a force to be reckoned with a currency reserve to be used throughout the world. Remember when Shabibi said that at some point countries would use the dinar as a reserve currency
[BondLady] at its rate now no 1 would have that kind of storage space but soon the dinar won't take up that much space as it grows in value
[BondLady] make sense?
[shunshine] I believe so.
[BondLady] anyone else have any thing they want to add to this chat? questions of us admins from members ?
[therealbubbie] BondLady kill isis !!!
[BondLady] agree, I think it already begun
[bruceemery] good morning..... Well it wouldn't take up much space if it revalued to previous levels over night would it?
[Splatyfish] BondLady I like that answer!
[BondLady] I think when they released the new security featured 3-zero notes a few months back thats when it started
[oldbarbie] BondLady ty are you thinking it will come out about 1 and go up slowly ?
[BondLady] but they need all the categories out to complete the process
[BondLady] thats what I've been trying to put across bruceemery , bring in the old notes the dinar will rise in value after replacing them and destroying the old. Iraq will grow
[rsp1] Thank you, Bondlady and Shredd for your great insight and breakdown of those articles
[shunshine] Do you think they are already destroying the notes that are coming in now?
[BondLady] rate wise I think in 5 years it'll be so good, Iraq's new powerhouse per dinar rate
[bruceemery] But unless they raise the value substantially to at least 1 : 1 or more it WILL take up "too much space" if it took 5 years to return to those previous levels.
[tlm724] shunshine yes the CBI does that all the time via incineration
[shunshine] ty Timmy
[BondLady] and the dinar won't take up much space with a good value added to it, very good things coming
[Shredd] BondLady yes and thank you for your common sense approach
[shunshine] Thank you Bondlady for clarification.
[raindrop1] amen BL!!!!
[Shredd] and thank you to miss timmy for all the news and insight, great team here
[BondLady] I just ask you as I have through out all the years please stay away from gurus who call for RV's all the time it wont happen like that please protect your sanity and stay informed with the truth, reality which I'm sure is foreign to some of these self proclaimed gurus spewing BS after RV BS
[rsp1] that's exactly why I came here...no BS!
[BondLady] ty me admins for your help in this chat
ty Shredd as always and me timmy
[Crash] BondLady thank you
[RCS1947] BondLady great job!
[Shredd] ...this and with the new govt and kurd representation is super progress
[BondLady] ty all who came in
[shunshine] Happy to be here
[tlm724] BondLady tyvm I appreciate and value your thoughts always !
[rsp1] Grateful to be here.
[Cutter1] BondLady ty
[BondLady] sure is Shredd the new government brings in all new things and great for them and for us
[Cutter1] tlm724 ty
[poopsie] BondLady ty that was great
[glory8516] Thanks everyone for the chat !!
[mathews99] tyBondLady and mods