OK if anyone can answer, here are a couple of questions:

[barmurphy]

I am definately interested in reading about all the countries who did a RV in the last ten years

OK if anyone can answer, here are a couple of questions:

1.
When the Dinar was at .32cents USD in 2003, and then it dropped off the map. What happened to the Iraqi spending ability, within their country. I remember asking my dealer in 2005, if I went to Iraq today with 25,000 Dinar what could I buy, he said milk and bread. Does anyone know if this was the level of purchasing power prior to our entering Iraq?
2.
So from 32cents to nothing, what happened internally to their spending ability? If it was not greatly effected, than putting the dinar back to that .32cent mark, shouldn't effect them either.
3.
Does an external RV effect an internal RV, or are they unrelated?
4.
If an Iraqi is holding 1 million dinar and it RV's 1 to 1, that person who was so poor, would be rich, but if it doesn't effect the internal value of the Dinar, then why would they stay in a land where they were poor, when with 1 Million Dinar/USD, they could be very comfortable elsewhere...

[40plus]

OK if anyone can answer, here are a couple of questions:

1.
When the Dinar was at .32cents USD in 2003, and then it dropped off the map. What happened to the Iraqi spending ability, within their country. I remember asking my dealer in 2005, if I went to Iraq today with 25,000 Dinar what could I buy, he said milk and bread. Does anyone know if this was the level of purchasing power prior to our entering Iraq?
2.
So from 32cents to nothing, what happened internally to their spending ability? If it was not greatly effected, than putting the dinar back to that .32cent mark, shouldn't effect them either.
3.
Does an external RV effect an internal RV, or are they unrelated?
4.
If an Iraqi is holding 1 million dinar and it RV's 1 to 1, that person who was so poor, would be rich, but if it doesn't effect the internal value of the Dinar, then why would they stay in a land where they were poor, when with 1 Million Dinar/USD, they could be very comfortable elsewhere...

You are correct, before we went in 2003 the dinar was about .25 to .32. A gallon of natural gass at that time cost I believe, 25 dinar. Immediately after we went in..meaning a war broke out..people were lucky to get out with their lives, it was survival mode. However, once things began to settle and the NID came out, that same gallon of natural gas cost 2,500 dinar.
(This is from an article I read long ago, so don't ask me for a link, numbers could be off a little)

By revaluing the currency, the average Iraqi who might hold a few dinar somewhere will immediately be able to purchase goods that at present he cannot afford. No different that you having $10.oo in your wallet, and suddenly that ten dollars is worth $1000...now you can buy more stuff.

Buy more stuff= more activity, creating industry and commerce..a good thing for Iraq to be doing now. As far as internal/external..I don't think we'll see any of that.

[Darren Chabluk]

When the Dinar dropped in 2003 I recall one Iraqi putting it this way-
"There will be blood on the streets".

I take it that meant survival mode. Fighting for ones survival.

[bigopie]

well if thats the case i wonder why it has taken the ""EFFICIENT IRAQI GOVERNMENT "" so long to revel????...i think most of us in here have said and agreed that a revel would take care of a lot of the sectarian violence that has been going on....seems like it makes since to everybody but to the ones who need to revel....the IRAQI GOVERNMENT.....hmmmmmm....makes u wonder don't it....IMHO....Pat

[Darren Chabluk]

OK if anyone can answer, here are a couple of questions:

1.
When the Dinar was at .32cents USD in 2003, and then it dropped off the map. What happened to the Iraqi spending ability, within their country. I remember asking my dealer in 2005, if I went to Iraq today with 25,000 Dinar what could I buy, he said milk and bread. Does anyone know if this was the level of purchasing power prior to our entering Iraq?
2.
So from 32cents to nothing, what happened internally to their spending ability? If it was not greatly effected, than putting the dinar back to that .32cent mark, shouldn't effect them either.
3.
Does an external RV effect an internal RV, or are they unrelated?
4.
If an Iraqi is holding 1 million dinar and it RV's 1 to 1, that person who was so poor, would be rich, but if it doesn't effect the internal value of the Dinar, then why would they stay in a land where they were poor, when with 1 Million Dinar/USD, they could be very comfortable elsewhere...

Answer to your first and second question, I recall one Iraqi saying "There will be blood on the streets..." They were hit hard in Iraq. It was hell, there was doubt in the currency, prices went way up on basic needs, there was blood on the streets.

I don't understand question 3. I have never heard of an external and internel rv.

One of the reasons most investors don't like me is because my forecasts are brutally dead on. There will be no 1 to 1 rv overnight. There has been too much inflation for a 1 to 1 to happen. I get kicked out of most forums for saying that. Just read the posts replied to this one and you will notice how chaotic this subject is. Who am I? Just a Dinar critic who believes in Dinar, but I am not sugar coating it like many dealers do, to sell dinar.

[wciappetta]

RV fixes inflation period.

The good doctor must have forgotten that the difference in nominal rate and the real rate in an emerging market reveals itself in the form of inflation. IE the inflation rate, as per the IMF is a result of holding the rate back by the CBI.

Further the good doctor needs to review IMF article IV. Study it; is clear your have not.

The dinar RV will exceed 1:1 simply because the regional economic model demands it.

I’m rather surprised you are not aware of it.

As far as liking you goes I have no opinion either way. Your statements though are lacking fact. so its not a debate on high verses low here rather your conclusions are not based on the facts nor the Iraqi public record.

This is a new Iraq emerging not the sanctioned Iraq of recent past. BTW I'm no dealer but i did my homework.

[Sudden Impact]

RV fixes inflation period.

The good doctor must have forgotten that the difference in nominal rate and the real rate in an emerging market reveals itself in the form of inflation. IE the inflation rate, as per the IMF is a result of holding the rate back by the CBI.

Further the good doctor needs to review IMF article IV. Study it; is clear your have not.

The dinar RV will exceed 1:1 simply because the regional economic model demands it.

I’m rather surprised you are not aware of it.

As far as liking you goes I have no opinion either way. Your statements though are lacking fact. so its not a debate on high verses low here rather your conclusions are not based on the facts nor the Iraqi public record.

This is a new Iraq emerging not the sanctioned Iraq of recent past. BTW I'm no dealer but i did my homework.

BAMM!

[RfxLady]

BAMM!

What he said!!!

[Spoiledred]

Well when the Dinar does finally RV lets say $10 becomes $1000 it sure would be nice to see the children stop working making bombs for pennies so their family can have some bread. Lots of restructuring that will take place. It hurts to see the children/women working doing that and even talking about being suicide bombers. Would love to see Iraq get it's head screwed on straightand act like the rich nation it can be!

[cooldolphins]

Emeril-is that you???