Thread: 25:1 By 15 January

Originally Posted by texaslonghorns

Here is a post from over "there" by XXXXXXXXXXXXXX. I brought it over because it kind of jives with the new story out and the great things to happen on the 3rd Wednesday of January. He sounds well connected and rational by reading his other posts.


25 to 1 from 5 sources

By XXXXXXXXXXXXXX @ XXX

My meeting in DC was fruitful. I now have confirmed through 3 deep sources in US that 25 to 1 is on the table. Sources are very well connected. 2 sources in Europe also confirm. 5 now corroborating at 25 to 1. 1 stayed at 100 to 1. Trying to firm up a date. 2 sources still point to Jan 15. Number crunchers all confirming these numbers are minimums. They say Shabibi set 4 to 1 by the end of 07 or sooner but unconfirmed. My only take is that it is no secret Shabibi wants direct foreign investment but needs to shake off indirect investors first. 4 to 1 is too high and I think it will be a tiered rv. 100 to 1 may only create more. Not good for a 4 to 1 goal if it is true. 25 to 1 makes more sense since it removes most speculators and invites direct investors. Members sent me messages asking about reprint. 3 sources investigated this thoroughly. They are well connected and conclude they would know this by now. Reprint not on any radars. GCC currency is for 2010. I am directing my attention to an IMF contact who is away for the holidays. You may send me any source information you want to disclose. Private info will remain so. One member so far said there is a buzz with US senior officials in Iraq. Leonard

I love these rumours. I wonder how "deep" his "deep sources" really are??? Anyway these are fun. From the reality standpoint 25 to 1 can be achieved if all the cards continue to fall correctly for the Iraqis. We still need finalizing of FIL, HCL, IMF/SBA (in March), ISX electronics put into place (which starts in mid Jan so could be up and running in a few months), and President Bush's security plan. Even with all those going positive for the Iraqis 25 to 1 by January seems too high too quickly. My best estimate is in the 1200 range and then by March we could see 1000 to 1 if all continues positively. 25 to 1 and my final target rate of .27 USD could actually happen by July/August or sooner if all these cards turn Aces up. Hang on, we are in on the ground floor and we are in for a wild history making ride!!!

Originally Posted by abbey56

Hi,

I was under the impression that there were going to be no more auctions at all, that is for ever- any comments to the contrary.

Not correct. They have already clearly stated they want to continue increasing IQD value through the first part of 2007. The current level of 1323 IQD to 1 USD is not high enough for them to get enough data as to the impacts on the Iraq economy the appreciation is making. They want to measure the effects on inflation rates and purchasing power levels. I'd say when they get to the low 1200 or 1000 levels they could collect relevant data with which to make further adjustments.

Originally Posted by Wm.Knowles

What this tell me is similar to how the CBI is structured. They are independent of the political pricess and will revalue the currency suddenly with little or no concern as to what the politicians say. Just like in the US. As we have said, most people in the US really don't understand how independent the Fed. Reserve System is from the US gov. So, what you posted is not surprising. Good Post. the CBI is really running its own program, but they will value the currency upward, they really don't have much of a choice based on whats happened the last couple of weeks. It is very very unusal for the street price to be more expensive than the official exchange rate, usually, in countries, you can get more currency for your USD than less on the street, which seems to be the case in iraq today. Thank You.

Once again you are right spot on in your analysis, Mr. Knowles. The CBI waited until the last possible moments to begin the appreciation schedule. But I feel the timing actually will benefit us. If all the cards I described above come to fruition, Shabibi will have a hard time stopping this appreciation and most likely will rail it right up to the CBI target level!!!

Most Middle Eastern countries have a "fixed" or "pegged" currency to the USD. They don't trade on the major FOREX markets but only on the exotic levels. Iraq needs to find their near "perfect" exchange rate and then they will "peg" or "fix" it at that level. When the GCC combines all the Middle East currencies into a single unit the plan is to "float" it in a similar manner that Europe has with the EURO. It, at that point, will be bumped into the category of a major competing World currency.

Another date come and gone.

New Member,
According to a article 1/15/07 Iraq Updates, Dinar to rise to 1200 middle of 2007

Originally Posted by webinvestor

Another date come and gone.

It won't be the last

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