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

I hope so too

I for one would be more than happy to see a large reval but I am cautious

Originally Posted by cmeshon

I think the word "recommendations" is the key here.

Only a recommendation. The GOI are following the IMF to a tee currently but this will change with the 2 biggys we need.

They'll hit the 1345 for 31 December, after the 31 March they can do as they please and have noone to answer to. They'll have revalued before the end of March.

Look for the reval to happen once we have the signing of the ICI and completed Oil Law. Am still hearing over a dollar, the CBI have 2 sets of books and want to get back to pre war levels of 2.21 SDR.

Originally Posted by opps50

1345 projected value by IMF and the year end

1250 by march 1st 2007

That's the key word here.....

Looking good adster

Where have you got the 2.21 SDR from?

How much is 1 SDR?

Who is your source that says over $1

Originally Posted by Adster

Only a recommendation. The GOI are following the IMF to a tee currently but this will change with the 2 biggys we need.

They'll hit the 1345 for 31 December, after the 31 March they can do as they please and have noone to answer to. They'll have revalued before the end of March.

Look for the reval to happen once we have the signing of the ICI and completed Oil Law. Am still hearing over a dollar, the CBI have 2 sets of books and want to get back to pre war levels of 2.21 SDR.

Originally Posted by Adster

Only a recommendation. The GOI are following the IMF to a tee currently but this will change with the 2 biggys we need.

They'll hit the 1345 for 31 December, after the 31 March they can do as they please and have noone to answer to. They'll have revalued before the end of March.

Look for the reval to happen once we have the signing of the ICI and completed Oil Law. Am still hearing over a dollar, the CBI have 2 sets of books and want to get back to pre war levels of 2.21 SDR.

Whatever happened to OSW's post about the hcl being a done deal by this past Sunday? Also do you think it would be a problem for them to continue dribbling/spurting through the first quarter/2quarter of 2007? It would seem to me an accounting nightmare. One day the value is worth x the next day the value is worth y etc. It's one thing to mess around at the end of this year to hit the projected 1345. Something entirely different to jack with the value through the first 1/2 of 2007. This would allow months and months of time for the big boys to gather their funds and go in for the kill wouldn't it? That in addition to the big boys coming in with the multinationals and going on a country shopping spree courtesy of the Iraqi govt and the cbi. Just some thoughts I had.

worf

Originally Posted by opps50

Looking good adster

Where have you got the 2.21 SDR from?

How much is 1 SDR?

Who is your source that says over $1

1 SDR = $1.48 multiplied by 2.21 = around $3.22.

I respect my source who has high up contacts. Have got to know him well over the last 18 months.

In my world the can´t have this low rate when the HCL and ICI and FIL are enacted so I really hope you are right Adster

3.22 sounds fine to me. Is that what your source thinks it will revalue to immidiately or over time (years to come)

Originally Posted by Adster

1 SDR = $1.48 multiplied by 2.21 = around $3.22.

I respect my source who has high up contacts. Have got to know him well over the last 18 months.

In your sources' opinon, are they going to wait until after 2007 is well underway (end of March) or are they going to hit a smaller number say .30 us at the first of the year to try and soak up as much dinar as they can before going back to the sdr rate by the end of March? It would be one wail of a jump to go from 1250 ird = 1 usd one day to 3.22 usd = 1 ird the next day in one fell swoop wouldn't it?

worf

Originally Posted by opps50

In my world the can´t have this low rate when the HCL and ICI and FIL are enacted so I really hope you are right Adster

3.22 sounds fine to me. Is that what your source thinks it will revalue to immidiately or over time (years to come)

Over time, just over a dollar to start with.

As the recent daily improvements in the value of the dinar have picked up speed, from one or two dinars per dollar to eight to eleven dinars per dollar,
there have been several predictions and extrapolations here in Rolclub of what to look for in 2007 and 2008, based upon the current trend.

It seems to me that these predictions are flawed in that do not take into consideration, for example, the fact that a ten-dinar improvement when the rate is 1380 to 1 amounts to a .0007% enhancement of value, while a ten-dinar improvement when the rate is 11 to 1 amounts to a 90.9 % enhancement of value.

Obviously, a quantum leap to $1.20 is far superior, for the Iraqis and for us, to the torture that would be meted out by a creeping revaluation destined, in my opinion, to stall out, because of accelerating percentages, long before $1.20.