Post From TruthCall Chat Room
Chat Room News Excerpts & Highlights Thursday Early PM 7-06-17 Part 1 of 3
txbrand: Algeria Algerian dinar DZD Bahrain Bahraini dinar BHD Iraq Iraqi dinar IQD Jordan Jordanian dinar JOD Kuwait Kuwaiti dinar KWD Libya Libyan dinar LYD Macedonia Macedonian denar MKN (1992–1993) MKD (1993− ) Serbia Serbian dinar RSD Tunisia Tunisian dinar TND
txbrand: I didn't know that many countries used dinar
Spectra: yes the middle east uses each others!
Spectra: ive been there and seen that in real life!
BlackGold: i didn't know there were that many countries
txbrand: isis in an area of 5000 ft. Fox News just now
Noname: @txbrand yes 300 fighters left
BlackGold: at 5000 ft and 300 left all they would see of me is a cloud of smoke
txbrand: February 06, 2010 https://www.rferl.org/a/Iraq_Planning_Currency_Redenomination/1950504.html
Doug_W: @txbrand THAT DIDN'T GO SO WELL eH?
txbrand: @Doug_W trying to figure out how they would do that ...lol
txbrand: just make the 25,000 worth 25.00 ????? could they do that ???
txbrand: I read that before...nothing New...
txbrand: this has been loading for 30 mins
DIGIman1: one thing y'all seem to be forgetting is, that this is a 'artifically supressed' currency at the moment.....by the UN......
larrykn: @Doug_W hows it going doug
Noname: Yes and it will come out high. Reasons 1. Iraq's pride 2.iraqs resources 3. Surrounding country's value 4. Because the CBI governor said the dinar would return to it's former glory. 5 . I believe
DIGIman1: @Noname DITTO.......exactly that....
larrykn: deleting the zeros will raise the value of the dinar, a dinar is still a dinar but you'll be able to buy more with it
txbrand: yeah the former glory could happen many ways I guess
JmanATtheH: @larrykn and since a dinar is always a dinar, and they have stated for years that 25k will equal 25, what can we surmise from that?
Noname: Iraq is a prideful people. When there currency was turned off do you realise how much money the average citizen lost? They will turn it back on and the citizens will get there wealth back.
txbrand: @Noname hope your right....time will tell
larrykn: did you see that Iraq oil resevers are up to 152 million barrels now, that's a lot of oil
Noname: So do I rd. But I believe that
txbrand: @larrykn oh they do have the wealth.... but will they share lol
Noname: @txbrand they have no choice after it's international
txbrand: ;angry show my the money aready
larrykn: @txbrand they want it so bad you can read it everyday, they want to open up commerce with the world , that will make them wealthier then ever
txbrand: @larrykn yeah BUT will they tell everyone that their 25,000 is worth 25.00
txbrand: @larrykn that is my biggest fear
Noname: @txbrand no
Noname: @txbrand a dinar is a dinar
txbrand: @Noname ok
larrykn: @txbrand they told us years ago an are still telling us they will not LOP period
txbrand: @larrykn oh really...I didn't see it...or don't remember
DIGIman1: no such thing as a lop...cant happen....
DIGIman1: serves no purpose whatsoever...
Doug_W: agreed Digi
Noname: I have read no LOP
DIGIman1: its pointless
DIGIman1: what would you accomplish??
DIGIman1: apart from new bills.....again....
txbrand: ---------> Salih pointed out that banks are having a hard time accepting cash savings and deposits, but by dropping the zeros it will make it easier for both the banks to deal with their customers and for the general public to carry money. He said some 80 percent of Iraq's money supply is cash in circulation.
larrykn: @JmanATtheH I've done a lot or research on the dinar an I do believe not only are they going to do this but I believe it will happen soon
Noname: @JmanATtheH if a LOP was planned there would be no reason to lower the note count.
DIGIman1: if you did any research you would know. relying on others for info is a great way to drive yourself (and all of us) nuts.....so....
JmanATtheH: well some of us cant understand what we are researching
txbrand: @Noname good point...I think..lol
txbrand: @JmanATtheH amen
tman23: It's all about the 3 zeros ..... it's all about the 3 zeros...and nothing but the 3 zeros !!! AND the speculation is how will the 3 zero notes we hold be treated at the exchange window.
LOP .......as you research you will find 99.9% info on "LOP" in dinar forums and they are hardly monetary reform banking experts. That being said; Just saying they are not going to remove 3 zeros from the large notes doesn't make it so.......
The only thing the have said is they are going to lift 3 zeros from the currency AND the existing currency will be along side of the new currency in the marketplace for an estimated 2 years (which they expect the timeline for it to be out of circulation) BUT it will be exchangeable for a period of 10 years...(which indicates you may have to go directly to the CBI) ..... This is the jest of what has been in print.....over and over again
tman23: LAW OF ONE PRICE (LOP): starting point for understanding ex-rates in the LR. Also called the "price equalization principle": for homogeneous, identical goods, the price of the commodity should be the same (equalize) throughout the world, especially when barriers to trade, transactions costs and transportation costs are low.
Says that foreign prices (Pf ), domestic prices (Pd) and ex-rates (e) are linked through the Law of One Price which says: Pd ($) = e * Pf (£) , where e = $ / £. LOP says that similar products should sell for the same price in both countries, after converting the foreign price into dollars.
txbrand: well the only thing I got out of that long download was a picture of dinar on one side of a see saw and the dollar on the other...and it was level.
JmanATtheH: @txbrand where did you get that from
txbrand: @JmanATtheH CBI
JmanATtheH: @tman23 how do YOU think this wil play out?
JmanATtheH: @txbrand well that's good for us....hopefully
txbrand: i will load on Facebook and see if ya'll can see it
txbrand: see if you can see it
Noname: Iraq will not screw there citizens . If so the people that be would be screwing themselves. Will not happen
JmanATtheH: @txbrand yea it loads. Were you able to translate?
DIGIman1: i do...but its arabic.....
DIGIman1: my arabic sucks.....jus sayin....
txbrand: @JmanATtheH no i cant copy and paste it...it will not let me
JmanATtheH: @txbrand but were you able to read a translation
JmanATtheH: @txbrand and what did it say abut it if so
txbrand: @JmanATtheH no idea i cant read it
txbrand: just thought the picture was good
txbrand: this is the link from CBI https://www.cbi.iq/documents/CBI_Strategic_Plan_A.pdf
txbrand: takes a long time to download
tman23: Iran is considering lopping three to four zeros off its currency, a top official said Monday, in an apparent effort to fight out-of-control inflation that many critics blame on the country's hardline president.
The governor of the Central Bank of Iran, Tahmasb Mazaheri, told state-run radio that monetary experts are studying three options:
Cutting three zeros off the rial, cutting four zeros, or boosting each rial's value to one-hundredth of a gram of gold, or about 2,500 rials at current rates. "We are studying all these three options," Mazaheri said on state-run radio....... ARTICLE FROM USA TODAY 9/2008
txbrand: maybe someone can get a translation
JmanATtheH: @tman23 guess that makes the rial that I hold worthless lol
JmanATtheH: @tman23 but from 2008?
txbrand: @JmanATtheH me too...i don't have much
DIGIman1: @tman23 thanks for that
JmanATtheH: i only got 250k for 12 bucks
DIGIman1: @tman23 just shows their speed.....
DIGIman1: its only been 9 years and they arent there....
tman23: @JmanATtheH ..... Just showing the term LOP.... lopping...cutting....lifting.....removing.....
BUT hardly a monetary banking reform term used inside the industry to describe lifting 3 zeros from the currency.....
tman23: @JmanATtheH 2008....Iran.....In recent weeks, Iran has issued higher-denomination notes to try to ease transactions, which can be complicated and time-consuming with smaller-denominated bills.
The central bank issued 500,000 rial and one million rial notes that carry the figures 50 and 100 on their backs, prompting speculation that the rial might lose four zeros.
DIGIman1: @JmanATtheH ...theres gonna be a test later.......
DIGIman1: @JmanATtheH :D
JmanATtheH: @DIGIman1 lol
JmanATtheH: @DIGIman1 pass/fail? or percentage?
JmanATtheH: @DIGIman1 true false
DIGIman1: 51% = pass ofcourse.....
JmanATtheH: i will be 49%
txbrand: who could read that for us ?
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