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DocDinar

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Registered: 01/01/13
Posts: 4,322
Reply with quote  #1 
7-3-13 Tony: Super Fantastic news....(TNTdinar.com is Tony's new site)  Tony had no intentions on having another web site, and thought he could work things out with PTR. But, he moved and got things up and running. He just got done talking to Dan and just has a difference of opinion. Got a better understanding with him.

--Got a call this morning, Iraq is going to have everyone paid by July 7th (on Iraq TV), everyone will be paid, and Washington DC wants it all done by July 5th. Banks were scheduled to be opened on the 4th for dinar only.

--It just might be today...so..Why?  Cards did go live last night from several locations...and thought it would not be live until July 7th...but was live today...inside the bank it reads, $3.44 and when they swipe it adjusts the rate for today..

--Guest speaker to give announcement:  CBI communication was sent to the UST at 1;30 am...to release the RV today. Is supposed to be initiated before midnight TONIGHT.

--He also spoke with someone else that THIS DAY WAS SELECTED FOR THE RV TODAY.

--Banks were notified. That is the information for today. All done. No need to discuss other issues in Iraq or chapter 7...it is going now. 
Franklin

Registered: 04/18/13
Posts: 801
Reply with quote  #2 
Proof please?
silent dogooder

Registered: 07/03/13
Posts: 1
Reply with quote  #3 
So far there is not a single bank in the US that can exchange dinars. This coming from several conversations with varying banks. Can someone tell me how they are making appointments and already preparing to cash in. Common sense tells me that when Iraq is openly trading in the international markets, Banks then will start exchanging, but if someone could elaborate more on this so it is clear. Straight forward!
kaperoni

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Registered: 01/07/13
Posts: 1,121
Reply with quote  #4 
Banks will not be participating in the dinar.  At least not initially.  And even if they did, the spread for an emerging market economy would be 10% or more.  It's all bs from these pumpers.
polymorro808

Registered: 07/02/13
Posts: 4
Reply with quote  #5 
Quote:
Originally Posted by DocDinar
7-3-13 Tony: Super Fantastic news....(TNTdinar.com is Tony's new site)  Tony had no intentions on having another web site, and thought he could work things out with PTR. But, he moved and got things up and running. He just got done talking to Dan and just has a difference of opinion. Got a better understanding with him.

--Got a call this morning, Iraq is going to have everyone paid by July 7th (on Iraq TV), everyone will be paid, and Washington DC wants it all done by July 5th. Banks were scheduled to be opened on the 4th for dinar only.

--It just might be today...so..Why?  Cards did go live last night from several locations...and thought it would not be live until July 7th...but was live today...inside the bank it reads, $3.44 and when they swipe it adjusts the rate for today..

--Guest speaker to give announcement:  CBI communication was sent to the UST at 1;30 am...to release the RV today. Is supposed to be initiated before midnight TONIGHT.

--He also spoke with someone else that THIS DAY WAS SELECTED FOR THE RV TODAY.

--Banks were notified. That is the information for today. All done. No need to discuss other issues in Iraq or chapter 7...it is going now. 
polymorro808

Registered: 07/02/13
Posts: 4
Reply with quote  #6 
Quote:
Originally Posted by DocDinar
7-3-13 Tony: Super Fantastic news....(TNTdinar.com is Tony's new site)  Tony had no intentions on having another web site, and thought he could work things out with PTR. But, he moved and got things up and running. He just got done talking to Dan and just has a difference of opinion. Got a better understanding with him.

--Got a call this morning, Iraq is going to have everyone paid by July 7th (on Iraq TV), everyone will be paid, and Washington DC wants it all done by July 5th. Banks were scheduled to be opened on the 4th for dinar only.

--It just might be today...so..Why?  Cards did go live last night from several locations...and thought it would not be live until July 7th...but was live today...inside the bank it reads, $3.44 and when they swipe it adjusts the rate for today..

--Guest speaker to give announcement:  CBI communication was sent to the UST at 1;30 am...to release the RV today. Is supposed to be initiated before midnight TONIGHT.

--He also spoke with someone else that THIS DAY WAS SELECTED FOR THE RV TODAY.

--Banks were notified. That is the information for today. All done. No need to discuss other issues in Iraq or chapter 7...it is going now. 
polymorro808

Registered: 07/02/13
Posts: 4
Reply with quote  #7 
I called several banks today in the US and was told no one is accepting dinar exchanges. If banks were notified, what banks in the US will be doing the exchange? If the exchange is going on right now in Iraq, when is it expected to start in the US or do I need to fly out of country? Anyone's help would be greatly appreciated. Thank you.
Team West

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Registered: 06/28/13
Posts: 472
Reply with quote  #8 
Isn't this sad?  Hellloooooo?????
__________________
Go Article VIII !!
eddieb

Registered: 01/15/13
Posts: 853
Reply with quote  #9 
Sorry folks this is exactly verbatim the same crap that Tony was spewing over at PTR on a weekly basis for the last 2 1/2 years!!!
 
Bottom line the BS is so thick you would need a chain saw to cut through it!!!
einstein

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Registered: 03/04/13
Posts: 322
Reply with quote  #10 
Maybe this will help you out.

All banks in the states stopped exchanging dinars and won’t until it gets reinstated (RI). 

 

I would just like to let you know that there is no RV that will be taking place any time soon so don’t get all excited.   

 

 

The facts are this.  Any country that drops zeros from their currency is a redenomination. “ANYONE” who says they will drop the zeros without a redenomination is either lying or simply doesn’t understand how things work.

 

When a Country drops zeros from their currency it only has ever worked one way, regardless of what Gurus say.

 

If a country has zeros on their currency and they declare a new value then new currency is printed with no zeros.

 

If the currency had 1 extra zero then that old currency can be traded in on the new currency at a rate of 10 to 1.

 

If the currency had 2 extra zeros then that old currency can be traded in on the new currency at a rate of 100 to 1.

 

If the currency had 3 extra zeros then that old currency can be traded in on the new currency at a rate of 1000 to 1 which is the case with Iraq .

 

There can also be a revalue along with a redenomination.  As an example when ever Iraq drops their zeros the new currency will have a 1000% increase in value.  Providing the old currency is at the programmed rate at that time the value will be .86 cents.  Then they can declare a revalue as well.  If they want their currency to be worth one dollar they can add a 14 cent value increase along with the redenomination.  That would bring the dinar value to one dollar.  At that time for every 1,000,000 dinars you now have can be exchanged for 1,000 dinars of the new value.  1,000 times 1 dollar will give you $1,000.

 

No country has ever done this any other way and Iraq will not be the first.

 

The only way anyone will make or can make money on this investment is if the currency is allowed to float up and left alone until it reaches a dollar or whatever – if that is possible.

 

Here is a link explaining the process. http://www.gamji.com/article6000/NEWS7367.htm

 

Here is a list of the possibilities of what can possibly take place.

 

The Facts, Not Speculation

1. What is Rebasing mean? It would mean that 25,000 Dinar would become 25 Iraqi Dinar and would revaluate to an amount designated by the Central Bank of Iraq .

2. What do dropping three zeros mean? It would mean 25,000 would become 25 Iraqi Dinar and the value would be the same, you wouldn’t lose any money. You would still have to wait for the revaluation.

3. What does redenomination mean? It would mean that any money printed from 2003 until now would be re-called and new money would replace it. The money would be the same value as the old; the only difference would be for internal financial structure of the country of Iraq . You would be able to exchange the currency you now have for the newer currency any time within a two year period. You would still have to wait for revaluation.

4. What does Reinstated (RI) mean? A Reinstated currency is a currency that is accepted as legal tender in any country and accepted at any bank who deals in foreign currencies.  Currently the Iraq dinar is only used as legal tender within the borders of Iraq .

5. What happens if? Rebasing, dropping of zeros or redenomination occurs. It would mean you could exchange your dinars for dollars if you are satisfied with the amount the dinar increased in value.  Or you could exchange the currency you own now for the newly printed dinar currency and wait for the value to increase more.  If the currency was also reinstated (RI) then you could trade the currency in at the bank for dollars or the newer Iraq dinar.

6. Is there any risk involved in my investment because of these proposed ideas? These things have been in debate since 2006, and if any of them were to happen you would in no way lose your original invested money. Banks and traders will have a normal exchange rate available.

7. Should I stop buying Iraqi Dinar because of this?

A. If the Government and Central Bank of Iraq would decide to make any of these changes it will come with a 2 year time limit, meaning have 2 years to turn in our money – perhaps only in Iraq.

B. If they revaluate the money which would be considered a rebasing, you would make money immediately without an exchange needed.

C. If they drop the zeros or do a redenomination, you would need to turn in you currency for exchange – perhaps only within the borders of Iraq .

8. What happens if the currency floats? A float is intended to allow the free market to determine the increase in the rise of the current value. There are different sorts of floats such a free float or a pegged float.

 9. There are so many rumors circulating? This investment is greatly involved and most people do not know enough information yet to make a hypothetical scenario of the out come. Clearly Iraq would want and need a higher valued currency.  There have been many articles pertaining to what pending plans Iraq has to increase the value of their currency. They have yet to decide on a specific and definitive plan.  When their decision is made it will most likely entail some variances or versions of the above explained examples of 1-8.

Team West

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Registered: 06/28/13
Posts: 472
Reply with quote  #11 
Thank you Einstein.  Good post.


__________________
Go Article VIII !!
ramirezjohn

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Registered: 01/13/13
Posts: 302
Reply with quote  #12 
I read it and it hasbeen my fear all along Iraq would simply drop the zeros.But no one had an answer on how this would work.Now Einstein comes up with the proof.I think everyone who has invested in the Dinar is going to be greatly disappointed at what will unfold.

gailgail

Registered: 05/20/13
Posts: 140
Reply with quote  #13 
What will happen in Iraq and outside of Iraq are two different scenarios. Never before has so many people outside of a country been able to speculate in a fiat currency like Iraq.

That said, within Iraq, a redenomination already took place when the Sadaam notes were severely devalued. This was, by definition, a devaluation. When the actual rate is increased at the central bank, Iraqis will gain purchasing power for their dinar. They will not exchange their notes, they will simply gain purchasing power....their dinar will purchase more. Now, when the cbi rate gains enough, the large notes will not work as well since making change will become difficult. No problem....back when the redenomination took place, the central bank already had printed lower denominations..........they just didn't release them due to the poor value of the dinar. For Iraq, this is how it will be.

Now, for anyone outside Iraq who are holding dinar, they will not receive purchasing power, they will instead be able to exchange their dinar for their own currency at whatever the exchange rate is. The difference from what people bought their dinar to what they exchange it for is what they will gain. For those outside Iraq, this is how it will be.

Plain and simple.........the problem the lopsters or whoever had this opinion is they combine the scenarios and think we will face a redenomination. Not so. Lower denominations will not be sent in truckloads to all banks all over the world. It will largely stay inside the country with limitations of what can leave the country for vacations for example.

History cannot be applied to this scenario taking place in Iraq. Never before have countless individuals across the world been given the opportunity to speculate in a war torn country that became a democracy from being a terrible dictatorship that was taken in under the tutelage of the greatest democracy in the world and, seeing the substantial growth opportunity for its citizens, itself and the rest of the world, made it possible by law to speculate it its inevitable return to strength in the currency.

Apples and oranges............
Ray

Registered: 07/02/13
Posts: 178
Reply with quote  #14 
gailgail, stop the pump!  You don't have a clue.  Iraq cannot support one penny increase in their dinar, let alone what you are talking about.
gailgail

Registered: 05/20/13
Posts: 140
Reply with quote  #15 
Ray says: Iraq cannot support one penny increase in their dinar...then why are you here Ray?

Unreal how so many of you buy into what you hear and what you read from news and analyzations
from what these 'gurus" throw at you.  

The ones that get attention, are the ones with the minds that have exploded into fame
when in reality all they are doing is second guessing. Oooh wait... except for yours right..lmao
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