Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by shotgunsusie

Rates

this site has been updated. where they get the updated price?? and remember this is kuwait!

They are quoting "the magic number" (1350) but only on the Kuwait rate site, aren't they? Not what we want to see ultimately for a r/v, but the number they were saying they were going to get by the end of the year.

worf

Originally Posted by jsfletcher

maybe I'm the slow one here, but I don't get it. It almost looks like the L word, can someone break this down in redneck terms?

L word ..??

Originally Posted by Mike5200

I think that THIS is the article of the day that we should be discussing instead of the opinion piece, and a better translation of it would also help. Note what is highlited, the dinar will not be the currency of choice until it is worth more than the dollar, hence they are telling us again that they (CBI) intend to reval. SGS,Adster ,Kiko, Ward ETC. or anyone with a take on this? Also anyone who can get a better translation for after the hilited part. Thanks

They're de dollarising the economy, this is great news.

IF their intention is to get the rate down to a 1000 then it may well be they will release the fils then and at that point we'll be looking at 1:1 or more and we'll all be partying!

Originally Posted by H2O_Lover

L word ..??

yea the L word, it's a bad word.. you know the LO

Originally Posted by Adster

They're de dollarising the economy, this is great news.

IF their intention is to get the rate down to a 1000 then it may well be they will release the fils then and at that point we'll be looking at 1:1 or more and we'll all be partying!

Adster, would love to get your input on this

Kuwait

Originally Posted by H2O_Lover

L word ..??

DON'T MAKE HIM SAY IT!!!!!!!

Originally Posted by shotgunsusie

Rates

this site has been updated. where they get the updated price?? and remember this is kuwait!

SGS do you remember what the rate was on the kuwait site before the updated today???? Thank you

Originally Posted by jsfletcher

Adster, would love to get your input on this

Kuwait

Shagged out, will have a read tomorrow.

Looking good folks. More and more positive articles daily now about increasing the value etc. We're closer than ever.

Originally Posted by Adster

Shagged out, will have a read tomorrow.

Looking good folks. More and more positive articles daily now about increasing the value etc. We're closer than ever.

Shagging already? My, you are a quick healer!

Originally Posted by Adster

They're de dollarising the economy, this is great news.

IF their intention is to get the rate down to a 1000 then it may well be they will release the fils then and at that point we'll be looking at 1:1 or more and we'll all be partying!

How do we get from 1000 to 1, which we're still quite a ways off, to 1 to 1 or better. Where do they substantiate such an enormous revaluation. Just because Iraq can benefit from it, surely that isn't reason enough. We could list many other countries that would benefit from a revaluation of their currency but there is no talk of such a thing. Franky, I don't think the Iraqi people could handle that kind of change. Clearly they have demonstrated they do not adjust to change well.

If a can of Pepsi costs 1000 Dinar (69 cents) at today's rate in Iraq then the monetary system is working as it should. How can it cost less than 1 Dinar tomorrow. Could they even get change from one Dinar??? I do not believe they have the actual currency to make this happen so quickly.