Talk:Iraqi dinar/Archives/2014

First discussion

Per Wikipedia Guidelines, Talk pages are for discussion of the article and NOT for general discussion of the subject. The general subject of Iraqi Dinar DOES deserve mention of the current speculation business and needs to be supported by references to legitimate sources. Speculation is currently an important part of the subject and probably the cause of a large percentage of page visits. But opinions and endorsement of this speculation does not belong here on the Talk Page.

After allowing some time for change and commentary here I will remove much of this discussion about the coming re-evaluation bonanza. It is turning into a meta-vehicle for the speculation itself. Arbalest Mike (talk) 17:15, 1 October 2014 (UTC)

Clean up done per the above. Arbalest Mike (talk) 17:16, 31 October 2014 (UTC)

Comparison to Revaluation of German Marks

You've probably seen those sales pitches, selling the new Iraqi Dinar notes. Many of these promotions claim that speculators were able to buy up severely devalued Deutschmarks and Yen right after WW2, subsequently earning sizable profits as the defeated Axis powers stabilized and their currencies appreciated. Is this true or false? Just the facts please. Rearden Metal 1:41 am, 7 August 2006, Monday (6 years, 5 months, 13 days ago) (UTC−6)

These fancy websites (which I shall not name, Wikipedia is not a tool for advertisement) sell you those notes at a much inflated price. The prices are even higher than the prices of uncirculated notes sold to collectors (I found $22 for 25000 dinars. This is for 1 note only. Bulk volume should be even cheaper). --Chochopk 08:20, 7 August 2006 (UTC)

No, it is not true, at all. Germanys currency redenominated numerous times between 1900 and 1950 or so, in most cases people losing purchasing power with each redenomination, and in NO cases were people making millions on currency speculation. As far as the Yen, it was worth about 50 cents in 1900 and about 1/3 of a cent in 1949. There was no massive gain post WWII. The Yen didn't have a significant rise in value until the 1980s and 90s. The only way anyone made any money off the Yen post WWII would have been buying it in 1949 or later and holding it for around 40 years, and even then the profits would not have even come close to keeping pace with inflation. If you bought at the official rate prior to 1949 (50 cents), and sold at the peak of the Yens value, you would have lost about 98% during your 50+ year "investment". All of these numbers are verifiable by links provided on their respective Wikipedia pages.96.38.128.126 (talk) 14:18, 1 January 2014 (UTC)

Speculation section needs improvement

I added the IMF article from May 3rd, along with summary and some reactions from various Dinar speculators. Etom 06:20, 25 May 2007 (UTC)

I am removing the part put above the IMF articel (possibly a spammer), there has never been any evidence ever presented by any economist that currency speculation ever hurts an economy. George Soros's Bank of England fiasco is not regarded as proof, since there where other slam attacks conducted by Soros, I.E. media disimination attacks, etc. The other proof that is not widley publicized was the lack of physical capital that England has lost over the years, and the mistakes caused by their monetary policy. Unlike conventional wisdom, I don't think the Crown would appreciate their currency being backed by the Royal treasury. Etom 04:12, 29 May 2007 (UTC)

It sure does need improvement and perhaps even its own page. I would like to see a reference to a top tier source for each side of the argument (if there is indeed a unbiased top-tier source that supports the "coming bonanza" theory) with the WP article section itself limiting each point of view to little more than a sentence. The issue can then be acknowledged, in encyclopedia fashion, without wading into it. Arbalest Mike (talk) 17:38, 1 October 2014 (UTC)

I updated the speculation section and included 7 references warning of scams related to investing in Dinar. I expect my changes to be challenged or even removed by "Dealers" of Dinar. I will check here for discussion and for any well reasoned explanations why my update is not appropriate for the main article. Arbalest Mike (talk) 17:49, 31 October 2014 (UTC)

Size of Dinar Notes

Does anyone know the sizes of the various Iraqi banknotes? I hear that they are different sizes (unlike U.S. or Canadian notes, which are all the same size)--is this true? —Preceding unsigned comment added by 71.243.69.244 (talk • contribs) 06:19, 14 April 2007

IMF Article

There is some question as to the intent of the May, 3rd IMF article, if it was refering to the old saddam notes or the new notes released in 2003. I would hope the May 3rd article was refering to the New Iraq Dinar so the hardships by the Iraq people to earn their new freedoms and the loss of many American Soldiers was not for nothing. If this is not the case we would need to lock both pages from editing from possible terrorists. Etom 04:37, 29 May 2007 (UTC)

War profiteering charges

Has there been any war profiteering charges been made public charging opponents to the Iraq war and or against the Iraq people? Etom 04:40, 29 May 2007 (UTC)

After further research I have concluded that contrary to belief, speculation on the Iraq dinar is not as wide-spread in the states as once thought. Therefore, war profiteering charges should not be a factor even for those thought to be speculating in the Bush administration. To throw these people in jail would be like throwing your best friend in jail. Etom 00:05, 16 July 2007 (UTC)

Dinar Pictures

i was wondering if i could have permission so add a full set of pictures for the table of denominations. i have all the pictures-- comrade_korolyov 9/18/07

You dont need permission, just use the fair use rational the 25,000 dinar in the infobox. Others will eview your uploads. Enlil Ninlil 05:59, 18 September 2007 (UTC)

Sorry also you need to comply with copyright laws of Iraq as well. Enlil Ninlil 04:43, 30 September 2007 (UTC)

Coin gallery

Don's World Coin Gallery is being removed as spam by 74.228.158.68. Is it really spam? As it is used by all the paged by wiki users and not the web page owner. I don't think it is. Enlil Ninlil (talk) 06:21, 25 March 2008 (UTC)

No, it is not spam. Kingturtle (talk) 12:05, 25 March 2008 (UTC)

The Coin Gallery seems to have changed drastically since I last looked :/ Kingturtle (talk) 16:48, 25 March 2008 (UTC)

the image shown of an Iraqi coin is actually a Libyan 50 dirhams coin, please remove the photo! — Preceding unsigned comment added by 83.110.223.225 (talk) 03:49, 7 September 2011 (UTC)

Fils

This page says the fils was 1/100 of the Iraqi Dinar. Yet, the Kuwaiti Dinar is divided into 1,000 fils, and the dinar was introduced as equal to the British pound, both of which would suggest that it would've been divided into 1,000 fils. Nik42 18:20, 7 November 2006 (UTC)

Yes that is correct. Enlil Ninlil 08:51, 25 May 2007 (UTC)

Here is the real question is one US penny equivelent to ten fill's or one penny equivelent to one fill? This would have to be established as a frame of reference before Iraq could be accepted into the WTO or to meet requirements of article thirty of the IMF. Etom 04:03, 29 May 2007 (UTC)

In the past...

1000 Fils = 20 Dirhem = 5 Riyals = 1 Pound = 1 Dinar Böri (talk) 13:21, 15 February 2012 (UTC)

• 16 Annas = 1 Rupee Böri (talk) 10:31, 16 February 2012 (UTC)

What does this statement in the "Coins" section of the main article mean? Specifically, what does "seats" mean in this context? Arbalest Mike (talk) 19:37, 31 October 2014 (UTC)

...seats with the 200 fils known as a...

Replaced apparently erroneous clause with a clear statement. Arbalest Mike (talk) 17:18, 7 November 2014 (UTC)