Pimpy Nobody knows how much dinar the US government has. Nobody does. You can speculate all you want. You don’t know ho much dinar they actually have.
Frank26 Question “I lost my receipt, is that going to be a problem?” Yeah that’s a problem when you get audited but that’s the only time it’s a problem. When you get audited they’re gong to ask you when did you buy that and if you’ve held your dinar for one year and have proof of a receipt you’ll probably be in the 20% but if you have held it for one year and you don’t have a receipt you’ll probably be in the 40%. I’d rather pay $200,000 on a million than $400,000. You lost your receipt? Call the person you bought it from to see if their records have it…Did you write a check? Got to your bank and ask…please look up my check statement on this date on this month on that year… [Note: Some gurus speculate the dinar will be taxed capital gains, others ordinary income. The only opinion that matters in the end is the IRS’s. Consult your tax professional at the appropriate time to determine the correct tax for your unique circumstances.]
Militia Man They’re going to pay salaries and they’re going to start pumping oil. They’re going to have to have some sort of value in those assets and what we believe is that we’re looking for is a real effective exchange rate…
Kaperoni There is no RV and there is no delete three zeros going to occur in the near future. Only with the success and growth of Iraq’s only economy can the dinar ever go up in value.
MarkZ [via PDK] Question: Is this weekend still in play? MarkZ: I do not think this weekend is in play. But many others believe this weekend is still in play. Most of what I am hearing is they expect most of the historic bonds to start between the 15th-22nd. Then Currency exchanges following directly on its heels. But, none of us know the timing. They cloud it on purpose.
Sandy Ingram Deleting the zeros will not change the currency’s value, at least it has not changed the currency’s value for any other country that has deleted the zeros. [We] could not find information on the Central Bank of Iraq’s website or any other reliable Iraqi news blog on deleting the zeros the past 24 months.
Pimpy Article: “Iraqi economy faces threat as US closes oil revenue account” This latest move by the United States is something I’d be a little concerned about…Why the hell would you do that…? Maybe Biden is going to tell Iraq, ‘You don’t need these accounts no more. We’re going to go ahead and turn everything over to you. All this is now in your control.‘ Which would be good for Iraq…It would be a big move on the United States part to go ahead and turn over all of that money to Iraq…
Frank26 I believe [Sudani] will see the president with authority, with confidence, with power in their reforms. I believe he will see him exactly the way the IMF, World Bank, BIS, United States Treasury has described the monetary reform…
MarkZ [via PDK] Comment: Ramadan ends April 9th or 10th…then 3 days of Eid El Fitr…where they like to give each other gifts…. It would make sense for Sudani to give it to the people of Iraq before Eid El Fitr. MarkZ: That would make sense…that is the celebration at the end of Ramadan. It would make a lot of sense for Sudani to release it about then.
Mnt Goat Like the unfolding of the season of Spring we are slowly seeing the sovereignty of Iraq coming to a reality and not just on paper but in tangible evidence.
