Zig’s Place Chatroom News Thursday Afternoon

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




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   http://www.baytalhikma.iq/News_Details.php?ID=1467


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


Dave   eggactly


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   https://www.alsumaria.tv/news/%D8%A8%D8%A7%D9%84%D9%81%D9%8A%D8%AF%D9%8A%D9%88/424715/%D8%AA%D8%A3%D8%AE%D8%B1-%D9%88%D8%AA%D8%B9%D8%B7%D9%8A%D9%84-%D8%A3%D9%83%D8%AB%D8%B1-%D9%85%D9%86-100-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D9%85%D8%B1%D9%83%D9%88%D9%86-%D8%AF%D8%A7%D8%AE%D9%84-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86


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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