Zig’s Place Chatroom News Thursday Afternoon 7-7-22
Zig: Welcome to Zig’s Place, a chat room for dinar speculators and others….discuss any topic that you wish
Butterfly I have a question for NORV ………how can you say there is not ever going to be an RV?
Zig NORV : Are you 100% sure??
NORV butterfly because there is 103 trillion dinar in circulation!
Butterfly NORV well so far I’ve seen nothing from you to verify that.
NORV butterfly ur the news hound
butterfly NORV avoid the question I see
Dave NORV CBI REVEALS DATE AND RATE in ADVANCE….HMMM
NORV when they lowered the exchange rate from 1170 to 1460 the money supply significantly increased
butterfly 103 trillion dinar in circulation! NORV where do you get these numbers?
NORV go to the CBI site and look
Dave butterfly do your own research!
NORV read the published news
Zig butterfly : Their act is worn out :Laughing:
butterfly I have my own news that I can not release, but I will say, all will be vey very happy.
butterfly Zig I know that is why I confront them.
Zig butterfly : Tell me this instant! :Pillowfight:
Dave CBI could be sitting on aton of Dinar…..and not recirculating it or shredding it
Zig Dave : True
butterfly We hear/read/listen to what is out there. So my question is to all these news hounds, how the Iraq working with NO government officials?
butterfly Dave BINGO
Dave Zig WE KNOW squat…..
NORV here is one article…
During this stage, the value of the Iraqi dinar was devalued at the end of 2020 by approximately 23% From its value against the US dollar, the exchange rate of one dollar reached 1450 Iraqi dinars when buying it, 1460 Iraqi dinars when selling it from the foreign currency window to banks and financial institutions, and 1470 for sale to individuals and institutions.
NORV It is very likely that the demand for foreign currencies, especially the dollar, will raise its value in the market more than It is now, and this is what is called replacing the currency or dollarization and getting rid of the local currency. Therefore, options have appeared to solve the problem of inflationary pressures, the most important of which is returning to the project of deleting zeros, as many other countries have worked Such as Germany, Turkey, Argentina, Russia, Poland, Venezuela, Iran and others.
butterfly Derek Chauvin is getting his sentencing right now, so I will distracted until the verdict comes down.
NORV Currency restructuring project (raising zeros) … Justifications and requirements
There are many opinions in favor and opposition to the process of raising zeros in most countries of the world in which the process took place and depending on the circumstances of each country. In Iraq, it may be required, as Article 31 of the Law of the Central Bank of Iraq No. 56 of 2004 states in its seventh section, which relates to the Iraqi currency:
Dave Germany 1930s….
NORV (The dinar is the national currency unit of Iraq), but in fact there is currently no monetary unit for circulation in the amount of one dinar , The second justification is the continuous rise in the amount of the issued currency, as the monetary mass, which is mostly the currency of circulation, inflated significantly until it reached 103.4 trillion dinars, after it was less than 8 trillion in 2004.
NORV 103.4 trillion dinars
Dave that is what Turkey did…….could not sell enough dinars….the type we eat
NORV They either going to replace the dinar with new dinar (without zeros) LOP or do what the IMF ask and float it over time — RV is a “guru term” nonsense
Dave where is my wheel barrow 1200 dinars fer that coke thats not inflationary….lol
NORV Not if they do a replacement LOP Dave
Dave dinars would cost more to print ….than they are worth
Zig Dave : Jeez….again with the coke….maybe change it to pepsi? :Laughing:
NORV Dave the idea of large amounts of cash is rediculous. There is no exchange so its relative – same amount of currency as other countries..just Iraq has 3 zeros
Dave wheel barrows or wallets to pay fer that pepsi?
NORV Dave you dont get it
Dave teach me
NORV nope not my job
NORV but there are many reports and articles that you can read and learn
Dave eggsactly just read from BBI
NORV butterfly it is also a fact that Iraq’s total net worth including oil and all minerals in the ground is about $16 trillion dollars.
Dave they handle monetary policy or some economist that wishes to remain anonymous
Dave oops cbi
NORV Dave Well dave, the info I have uncovered so far is much more accurate than any crap you believe
Dave CBI RESTORE the Purchasing Power of the IQD
NORV as Johnny depp says…Truth!
NORV Dave They can do that with a currency exchange LOP
Dave NORV wheel barrows fer IRAQ then
Zig :wheel: Happy Dave ?? lol
Dave 1/2 tons to purchase groceries at Costco
Zig I may change your name to STINKER butterfly for withholding information…..lol
Dave butterfly Sign that NDA?
Zig Dave : I think our Dinar may outlive us all :Sob: possible
NORV My belief is they will float the dinar. They are spending to much time trying to create a market economy
Dave Maliki back in?
Zig NORV : When?????
Dave My belief….. I believe in CBI over Kap any Day….
NORV Zig when will it float?
Zig NORV : Yeah….when?
NORV Dave what does the CBI say dave?
Dave 14 yrs same convo……please pay attention CBI or your Beliefs…Hmmmm
NORV Zig when they have a gov. pass 100 stalled laws and get investors to create momentum in a market economy. no momentum no float
Zig NORV : Oh is that all??….lol…. :Headbang:
NORV Zig yup..years off
Sheila butterfly soon? how soon? very soon. hoping, praying.
Dave Zig CBI stated dates and rates???????
Zig 98 year old @Zig collapses at bank waiting in line to exchange his Dinar…..lol
Dave NORV your crystal ball werks much better than mine
NORV the IMF told them to create the conditions to float in 2013 and still little has been accomplished so would guess at least another 10+ years
NORV Zig nobody will ever be going to a bank to exchange not how it will work
Dave NORV according to Kap
NORV banks are not going to exchange dinar
Zig Dave : Use mine… :Crystal ball:
NORV to volatile, unstable emerging market
Zig NORV : They would if internationally recognized and traded banks dont like risk
Dave Zig what does yours prophesize?
NORV Zig it international now
NORV no idea
Dave yes take yours to any forex exchange……lol
NORV but i would guess open a trading account with currency broker
Dave Wowsers IQD now globally traded ….missed that boat
NORV no way to know until the dinar actually has some value
Sheila @Zig — it must be close to happening now. @NORV is making his rounds, denigrating, discouraging, playing the Debbie Downer part… Where will he be posting next? lol lol
NORV yea it happening with 103 trillion dinar in circulation. woohoo
Zig sheila : He’s really not that bad….lol
NORV that 8 times America’s debt!
Dave Zig the Dude knows everything more than CBI
NORV foolish to think Iraq would ever RV
Zig Dave : Maybe….lol
NORV no dave, I just read facts dont lie truth wins
Zig NORV : How about to half a penny??…..lol
Dave ever Read CBI……think NOT!
NORV Dave do you?
Dave take a nickle when CBI ready
NORV last I checked on CBI website they stated 100 trillion dinar
Zig I would seriously take 1 cent
Dave no foreign investment laws passed yet either
NORV think you should stop insulting the truth teller and start reading
NORV over 100 laws stalled
Dave Zig 1 cent still an RV
Zig 1 cent and get the ** out of this community….lol
NORV nobody investing in iraq with no laws
Dave now you get it part of that picture
NORV that article 10 days old Delayed and disrupted… More than 100 laws are parked in Parliament lol you will still be here in 10 years
NORV Saleh explained that Iraq, which is the ninth country in the world in terms of natural resources buried underground, and those resources are estimated at 15-16 trillion dollars, whether in oil, phosphates, sulfur, silicon and other important ores,
NORV those resources are estimated at 15-16 trillion dollars
Dave NORV yes from assays performed from 30 yrs ago
NORV How you going to RV when ur country is only worth $16 trillion dollars?
NORV Dave on give it a boost to 20 trillion dollars …still no RV
Dave NORV last time assays performed on their resources kap?
NORV Dave dave, even if saleh was 100% wrong that only 32 trillion dollars. Lol still no RV your dreaming and you wont give it up
Dave Sclumberger Halliburton done SQUAT in Iraq fer decades
NORV funny how you have an answer for everything but the truth is in the documents
Dave yah worked in that industry NORV from which decade?
NORV Dave call saleh and tell him he wrong and you right!
Dave NORV no assays in Iraq fer decades
butterfly James Caan passed away at age 82 yrs old
NORV that with a worth of 16 trillion dollars and 103 trillion dinar in circulation they going to RV lol they either going to LOP or follow the IMF recommendations float!
NORV off to lunch
Dave telling me SChlumbeger halliburton doing Assays in Iraq recently……?
NORV see ya
Dave NORV yes out to LUNCH!
butterfly BREAKING: Father of the July 4th shooter who helped his son obtain the gun he used for his mass shooting says he doesn’t “regret” signing the consent form and insists his son’s previous suicidal run-in with police was just a “child’s outburst.” https://twitter.com/OccupyDemocrats/status/1545092119584395264
butterfly Derek Chauvin sentenced to 21 years on federal charges for violating George Floyd’s civil rights LINK
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