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

Originally Posted by neno

It about time. I know a few that will be glad to see you posting and to see this report. Including myself.

Thanks neno, Tiff, Franny, Neil, Raddy, and the rest of the gang. You all feel like family!!

Got a few minutes, will see if I can find any new info out there.

Originally Posted by krissy72

I have a question that may sound stupid so please forgive me. I have been reading that the foreign investment law is passed in August and that also people have stated that the dinar HAS to be revalued before this happens. What i'm wanting to know is this just opinion or actual stated fact, was this said in some official place? I realize that if the dinar isn't revalued that people will be able to buy up iraq quite cheaply which to me i wouldn't think that govt of iraq would want their country being owned by majority of foreigners. So logically it makes sense that an RV would happen before the FI law. Can someone tell me if the statements made of RV coming before the FI is an actual fact that is stated somewhere that i can see.

thanks
krissy

No, it's not a fact they have to do it. But more than likely they will before 6th August when it comes into play.

Adster, I just pm you. Janet

Krissy, my opinion on FI and its relation to a reval is only an opinion and i have nothing other than logic to support it, no official statements of any kind.

Originally Posted by krissy72

I have a question that may sound stupid so please forgive me. I have been reading that the foreign investment law is passed in August and that also people have stated that the dinar HAS to be revalued before this happens. What i'm wanting to know is this just opinion or actual stated fact, was this said in some official place? I realize that if the dinar isn't revalued that people will be able to buy up iraq quite cheaply which to me i wouldn't think that govt of iraq would want their country being owned by majority of foreigners. So logically it makes sense that an RV would happen before the FI law. Can someone tell me if the statements made of RV coming before the FI is an actual fact that is stated somewhere that i can see.

thanks
krissy

Hi krissy, Well I want to point out my opinoin too to you. This thread has so much indications of reading between the lines. So read between this one in a kind way.

If it was a proven statement that what you are asking for, that is there a proven statement of this value anywhere to take place at a certain time, I feel that if there was one that we would by up Iraq now. I mean you have to go by instink for this one in my opinion. The facts are there with all indications as well as logic as clueless said with out spelling it out.

We must remember folks that before the war when the dinar was at it's 'real' rate and not the phoney pathetic rate it is now there were a lot of wealthy folks that lost their money when the value was set to 1460 to the dollar by the EPCA. They are due, and should rightfully at least get back to where they were pre war value and if not more.

The rate it currently is could be disastrous to the economy if they leave it at that rate once the FI allows people like you and I to invest. It will crash totally. Imagine, a billionaire oil tycoon could buy up Iraq now!!! Not if it was at 1:1

They have to have a high r/v IMO, I know the big boys are looking at ways to implement a 1:1, there is an article floating around, (might be above somewhere, not sure).

Mrs A has said July 28th, she has a sixth sense for these things, lol. She said what a disaster Portugal was before we went and it was due to cancelled flight and her getting food poisoning and sunburn!!!

Someone asked me bout zero lopping, please forget this, in short do you really think someone on say 25000 dinars a week as they might be now would only have 25 dinars if they lopped 3 zeros?! No chance. Iraq need 'purchasing' power asap.

All along the hint has been to raise the value to a level close if not the same as the dollar.

Keep smiling folks, almost there, within 4 weeks IMO.

Hmmmm,

25000 Dinars at the current rate of 1476 equals 17 Dollars, whereas 25 Dinars at 1:1 equals 25 dollars!

A gain of 8 Dollars... not a bad raise!

Food for thought...........................

njd2004, I think your confused. After the reval your 25000 dinar will be worth 25000 usd if it revals 1:1. The lop has been proven wrong

Originally Posted by njd2004

Hmmmm,

25000 Dinars at the current rate of 1476 equals 17 Dollars, whereas 25 Dinars at 1:1 equals 25 dollars!

A gain of 8 Dollars... not a bad raise!

Food for thought...........................

Good figure the way you quoted it. But you must remember when the new currency came out in 2003 it was 4000:1 and just kept on gaining value until it was stoped at 1460:1 Many say there was no telling how high it might of gone at that time. So Now that they are going to increase more and more now over time. I believe (have faith) it will be back to 1:3.4 in the long future. To many big boys stating they want this in order to go back to before the Sadam times of the early 90's and late 80's for the country and then people.

Lets say that the dinar reval at 1:1 with the dollar, if this is the case then it can easily grow back to $3.20 per dinar.

Its not impossible, remember when Iraqs dinar was at 3.20 before the war they were "only" pumping about 2-3 millions barrels a day.

I just read an article in the local newspaper in Iraq and Iraq could be pumping as much as 8-10 million barrels a day by 2010. And at the oil ministry they belive they can produce 3.5 million barrels a day at the end of this year, they are currently pumping 2.5 million barrels a day.

So id say. Dont exchange everything directly at a reval.

In the long run you will make alot of money on holding your dinars, just ask those that exchanged there Kuwait dinars directly and didnt wait. they regret it today

Just my 2 dinars