DELTA: FRANKIE . .JUST IN FROM IRAQI TV :
CBI BEGINS THE PROCESS of deleting zeros .
CODE RED ..BROTHER .
DELTA FROM My Cell .
SunnyDaze: Can we say woot woot !!
StephenMac63: Remember, a process. A flip of a switch is just that, a flip. The electricity then needs to flow to the fixture, then activate the bulb, it then illuminates a room.
Robdel: WOW Delta and Frank,
Does anyone have links to watch Iraqia TV?
StephenMac63: : If I was cbi and wanted to get the unburied dinars returned to the banks...."You have 30 days to bring in your three zero notes, after that you can keep them as collectables. When you bring them in you will receive a card for your new account you just opened up. Oh, you would like some walking cash, sure, here are some lower denoms."
Blinkster: And in doing so, would likely shut-out any foreign investors holding IQD, IMO....not good for us...YMMV... but I bet that would be HIGHLY motivational for the Iraqi citizens! hehehehehe
StephenMac63: This was for in country. I know that there will be three zero notes outside, such as ourselves, and after the 30 days was up that's when the value would rise.
Another scenario, raise it 1 to 1 in country, release it international at a higher rate but still low enough to encourage out of country investors. If I was an oil company I wouldn't want to pay full retail for contracts but if I see room to make a good return then yes, I would invest.
Sure would be interesting to see how this plays out but in the meantime I still practice an old saying from my grandfather , "Never sit and wait for a return on an investment, you are wasting valuable time"
Smart guy. He also said "Don't waste today cleaning up yesterday's messes, prepare today for tomorrow's successes"
Whatever: The way I see this statement, IMHO, is that what they do for their citizens is "none of our business " but... we currently who hold IQDS.. well.. we will have our day!? Hmmm
NoKaOi: SOME BIG TIME TRADERS ARE SAYING DOW 20,000.
Hissons: Does anyone remember that Kim Clement said that the DOW would be at/about 20,000 when the dinar rv'ed?
Blinkster: YES. 100% true that he did say that.
Recap From Wed.Night CC Notes:
Frank26 IMO...they are going about the MR and the reinstatement of their currency to add value to their currency in 2016 in order to be ready for 2017...the budget...and introducing the LD’s...and the coins... because this is what the IMF has told them...this is their agreement...and this is what they have been doing...
The board of directors of the IMF have IMO given them permission to receive this second loan because they have read everything that was presented to them...
IMO...the CBI has to raise the value in 2016 in order for 2017 to have any reality...you cannot implement the project of lifting the value of your currency by lifting the 000’s of the IQD without increasing the value first...
Q: [...if the project begins in 2017, does the RV happen at the time it begins or after?]
SteveI : My understanding is that they will change the value of the IQD prior to introducing the new lower bills.
Think about it, if you kept the rate the same why in the world would someone turn in one 25,000 note and now have to carry 1000 notes and end up with the same value.
Airam: I have some doubts with todays blast .......the order is RV......LDs......and then deletion of the zeros...... is that correct???
ASN: Airam~the LD's will be given out when the people come in with the higher demoms..thus, getting them off the street and or out from under their mattress'
Airam: So the order should be LDs......RV.....and then DELETION
ASN: airam! yes a way to faciliate the people coming in and ridding the old currency..
Daz: ALL THREE EVENTS ARE MORE LIKELY TO POP AT THE SAME TIME...MORE OR LESS...IF ONE ASPECT GETS IN FRONT OF ANOTHER, IT LEAVES HOLES RIPE FOR MANIPULATION AND CORRUPTION..IMO
DROPPING ZEROS CAN ONLY BE ACHIEVED BY ONE OF TWO WAYS...OR A COMBINATION OF THE TWO
BY DECLARATION THAT ALL EXISTING BIG DENOMS IN CIRCULATION ARE TO BE TREATED AS IF THEY HAD ZERO..ZEROS.
OR THE WIDESPREAD DISTRIBUTION AND TOTAL PHYSICAL REPLACEMENT OF ALL BIG DENOMS WITH LOWER DENOMS
SINCE ITS IMPRACTICAL TO PHYSICALLY EXCHANGE ALL BIG DENOMS SIMULTANEOUS ...IT BCEOMES PRACTICAL THAT A DISTRIBUTION OF LOWER DENOMS ON THE STREET TRADE LEVEL COINCIDES WITH A DECLARATION THAT ZEROS DONT EXIST AND THEY ALL EXIST TOGETHER TILL ATTRITION CONSUMES THE BIG DENOMS
Lilypad: OK Folks--treat this as rumor--On Iraqi TV, CBI has begun process of deleting zeros. TNT saw this before it got on Recaps or Dinar Detectives.
Iraq is wanting the CITIZENS to turn in their old 25,000 notes to the banks. They have them hidden and buried because they do not trust the banks and government with corruption. All this IMO. We need to think about them removing those zeros gradually. Like removing one zero, then two zeros and then three zeros.