Thread: Welcome, Jeffrey Frankel. A Crude Peg for the Iraqi Dinar.

Before everyone gets all worked up over this, it is just his opinion. I just wanted his opinion because many people have thrown his proposal of the oil peg in the mix of revaluation discussion. He doesn't control Iraq's finances in any way shape or form, just another opinion.

Now if Zubaidi and Shabibi reply to my email in the same tone then we should worry.

The value would be based on the current day's rate of one-third of a dollar plus one-third of a euro, plus one-hundredth of a barrel of oil.

.33 US + .44 USD/EUR + .65 Oil = $1.42

Originally Posted by neno

Ok now with that above. Just for instance lets say that the Value of the Iraqi Dinar comes in at 1:1 and I have 1 dinar. if there is a Basket as suggested by this economonist, what is my 1 dinar worth to me, if I wanted to cash it in at lets say Chase? I am thinking that that is $1.48

Originally Posted by Inscrutable

Before everyone gets all worked up over this, it is just his opinion. I just wanted his opinion because many people have thrown his proposal of the oil peg in the mix of revaluation discussion. He doesn't control Iraq's finances in any way shape or form, just another opinion.

Now if Zubaidi and Shabibi reply to my email in the same tone then we should worry.

I just want to know the equal of the equation. I have heard SGS talk talk this before as well as Adster. But OSw has always hung with his Kurd contacts of .30 So my guess of OSW's .30 is and might be just the 1/3 of the dollar. It is just for my own checking lol

Originally Posted by Inscrutable

The value would be based on the current day's rate of one-third of a dollar plus one-third of a euro, plus one-hundredth of a barrel of oil.

.33 US + .44 USD/EUR + .65 Oil = $1.42

I wasnt for off. Just wanted to make sure I understood a Basket Currency Value. Thanks.

Originally Posted by neno

I wasnt for off. Just wanted to make sure I understood a Basket Currency Value. Thanks.

You were almost on the mark, I'm sure you'll settle for six cent less.

Originally Posted by Inscrutable

Before everyone gets all worked up over this, it is just his opinion. I just wanted his opinion because many people have thrown his proposal of the oil peg in the mix of revaluation discussion. He doesn't control Iraq's finances in any way shape or form, just another opinion.

Now if Zubaidi and Shabibi reply to my email in the same tone then we should worry.

Did you send them this same email? I would be interested to know if they said yes to your request for a visit to our forum .

I wasn't meaning to come across as being 'worked up' over this. I cherishb all that I read and have grown to respect and value the postings of many of you as I have read through many threads here. With you being one of those respected people Inscrutable, I was just wondering how much validity you gave to this person's comments.

I'm not sure if I was missing something in the links you provided, but IMO, this guy's info has TITANIC written all over it as far as this investment goes...though I must say since I am still attempting to understand some of the lingo, there were parts of it that I hope someday to understand, but for now, remains a little deep for me.

Thanks for your clarification of this being 'only his opinion.' I saw Harvard, published in the Financial Times (which I know nothing about), and you emailing him...my first thought was "this guy must have some valid, very believable credentials and information." Then I saw his responses to your questions and my heart went down faster than the Titanic.

I appreciate the information and continue to look forward all of our dreams coming to fruition .

Thanks,
Patty

Originally Posted by Inscrutable

The value would be based on the current day's rate of one-third of a dollar plus one-third of a euro, plus one-hundredth of a barrel of oil.

.33 US + .44 USD/EUR + .65 Oil = $1.42

Well, if this is the take, my heart dances much better .

Here is to all our dreams

Patty

In all fairness, he did say "bad investment for most investors", and we have to admit that most folks do shy away from the dinar. I think we are the minority that does not have a problem with it. We are far more informed than most about the dinar and we understand the risks. As long as we know what we do, this is an appropriate investment for us.

Originally Posted by RetMil

In all fairness, he did say "bad investment for most investors", and we have to admit that most folks do shy away from the dinar. I think we are the minority that does not have a problem with it. We are far more informed than most about the dinar and we understand the risks. As long as we know what we do, this is an appropriate investment for us.

He actually said "for most individual non-Iraqi citizens" but stated because of convertibility?

We know much more about Iraq than this dude dose guaranteed!