Thread: when the cbi rate hits 1200 what does that mean to us

Originally Posted by Ferrigno

well....it means....that if you have 1 Million DINARS, you will only need 1200 PIPS lower to make your 1 million DINARS worth 1 Million US DOLLARS!!.

Right now your 1 million DINARS are only worth $834.02 as the value is now at 1199.

Might be sooner then we all think....do not sell...you had your dinars for this long, time is on your side.

I totally agree. If you have waited that long, keep it a bit longer...
This is as i and many have always said, not over the night deal..

It will/can take some time in iraq's case...

not to worry Ferrigno...i have been in this investment almost 4 years...not about to abandon ship now....lol...its just so frustrating watching this Government under perform and under achieve....its all about the money that they can steal under the table...like its always been with this country..just a different set of people in office now..but they all the same...IMHO...but i am waiting patiently..hopefully it won't be that much longer....Pat

Originally Posted by bigopie

not to worry Ferrigno...i have been in this investment almost 4 years...not about to abandon ship now....lol...its just so frustrating watching this Government under perform and under achieve....its all about the money that they can steal under the table...like its always been with this country..just a different set of people in office now..but they all the same...IMHO...but i am waiting patiently..hopefully it won't be that much longer....Pat

not worried here...just as frustrated as the other person. You see how they can change their value overnight...and I know they can change is back again OVERNIGHT! If you consider 4+ years overnight.

If I take my children to play in the sand in IRAQ they will be able to extract oil from the ground. The articles coming out now state they are now the #1 country w/oil....now they just need to get their "sandy-headed" brains together and pass the HCL which will lead to $$$$ flying in to laws being passed eventually re-establishing their currency to a rate back to where it was in the 70's-80's (as per Shabibi's wishes!)

new to this site. have been invested about 6 months. There are some meetings coming up late this month. i believe june 1.
bluedevil

Welcome djohnson, make yourself at home. If we don't see anything in June, I think we just sit back and watch for early fall, around election time. May or may not play a factor but will be fun to watch. Whilst we think they MUST rv, they seem content in skimming millions daily from the economy and lining their pockets(Parliment that is) . I truly feel when the Joe Average Iraqi can stand up and make some noise, then Parliment may do something. The working Iraqi knows that oil is flowing and money coming in, yet he can't feed his family. Maybe his voice will be the trigger (JMO).. Best to you and all for a Blessed Weekend. Warrior

Yeah, I'm as frustrated as the next person that it hasn't RV'd.
Have held my dinar for over two years.
Feel very sorry for the families in Iraq who still struggle for day today survival.
What is wrong with their Gov't?

Originally Posted by ahill

Yeah, I'm as frustrated as the next person that it hasn't RV'd.
Have held my dinar for over two years.
Feel very sorry for the families in Iraq who still struggle for day today survival.
What is wrong with their Gov't?

The deal, if it comes off, is WORTH WAITING FOR!!! Be patient: your profit is not as important to them as a few minor things like civil war; nasty American soldiers in the streets (Sorry to all our USA buddies- I support you but it doesn't seem like many Iraqi citizens are quite to keen!); intersectarian violence and long curved knives under the burqua of the guy behind you!

Sit back and enjoy the ride. If all goes well, before you retire you will be worring about how Uncle Sam is going to rip you off on the tax side of things.

That is when you remember me and contact me by PM for assistance!

Keep smiling, keep believing, and wait in patience.

Regards
GrahamB

Interesting,

As we have all been duped by gov and their greed, we can do nothing more than wait until each minister steals enough from the people of Iraq to have billions when it does revalue. How much more they need to sock away, just like Saddam and his cronies did, we don't know, but surely they each must have a busload by now given the recent reported billions in U.S. aid dollars missing. lol

Sorry, but it is gov as usual, ripping of its people, nothing new, just has to go through the cycle, and then when new elected officials are in place, they will get their share too. The only Iraqi minister who was against sucking the people dry was thrown out of country, so that clearly defined the Maliki gov, so don't hold your breath, Iraq has enough wealth to make every citizen wealthy, and with that, it will do the same for those holding onto dinar.

Good luck to all, Mike

I Guess now I have answered my own question, of what to expect when the Cbi hits 1200. Expect nothing to change. It is now under 1200 and now reval. Its like every investment that I have boughten into, sit around wait hope fight against despair and financial ruin, and yet still wait. One would have thought given the opportunity for Iraq to become its own run country with elected officials and a free government, would have spurred them on to do the honorable and straightforward thing to get its people out of poverty and a better, safer life. We all can see how that is working out. Maybe Iam just Bitter Table For One, but this is not acceptable to me and yet unless I am willing to lose money and sell of my Dinar, I have no choice to wait it out.
Benzboy

Originally Posted by benzboy

I Guess now I have answered my own question, of what to expect when the Cbi hits 1200. Expect nothing to change. It is now under 1200 and now reval. Its like every investment that I have boughten into, sit around wait hope fight against despair and financial ruin, and yet still wait. One would have thought given the opportunity for Iraq to become its own run country with elected officials and a free government, would have spurred them on to do the honorable and straightforward thing to get its people out of poverty and a better, safer life. We all can see how that is working out. Maybe Iam just Bitter Table For One, but this is not acceptable to me and yet unless I am willing to lose money and sell of my Dinar, I have no choice to wait it out.
Benzboy

all we can do is wait benz....its been apparent for some time now how corrupt these people are[GOI]....they go around screaming and moaning how they want every country to forgive their debt yet at the same time they have had the HCL law approved by parliament and ready and waiting for a vote since February 2007 and have not passed it yet....seems to me i would wait and not forgive their debt until they show that they are thinking about their own people first and pass these laws needed to get their country back and running...everyone knows that there are billions of dollars sent by the U.S. that are not accounted for and missing....its not missing...all their ministers who are running their country are getting fat and rich...via under the table route..while their own people continue to starve and live in poverty....forgive their debt??...i never wopuld until they pass the laws///IMHO...Pat