I hear you Adster.
But whose to say that they are not doing just that! They very well may be buying whatever they can get their hands on. Personally I believe it is now VERY difficult to get IQD. I believe the CBI has completely cut off supply. What's available is whatever is already in the pipeline and nothing more.
I have always believed that this IQD RV would be unlike others. Meaning that because Iraq operates on dual currency (IQD and USD), they MUST give some type of notice to their people and businesses, to allow them to exchange their savings and stashes of USD to IQD before an RV....They would absolutely massacre the government officials, if they RV'd with most of their money still in USD. Because of this, they MUST strongly hint of an impending RV....Think about it.
Not saying this rumor is correct. But the banks have been acting strange lately, with lots of conflicting info. Additionally, the supply of available IQD has dried up. For reasons unknown to us there has been a surge in buying, which is probably the biggest reason. The surge in buying is a fact. Someone knows something....Sounds like the big boys are buying right before the event.
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18-01-2007, 04:28 PM #31
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I hear you Adster
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18-01-2007, 04:33 PM #32
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Are we there yet? I'm getting really tired of waiting and I am getting wet from all of the dribbling. Come on you know it is the right thing to do for your country. R/V the thing in 1 large dramtic move to over 1 usd at least (1 sdr will be fine for a start) will ya?
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18-01-2007, 04:40 PM #33
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Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.
Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.
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18-01-2007, 04:45 PM #34
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this rumor was posted by a former member who posted here as treater. i dont know this persons reputation here under that name. this may or may not add to any credibility to this rumor. this rumor was posted on another forum under another name as a 1st post.
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18-01-2007, 04:46 PM #35
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18-01-2007, 04:51 PM #36
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I'm surprised you say this - I've always thought the opposite was true. Price changes, etc. would have far less impact if most people are using dollars - the prices in dollars wouldn't change. Also, the dinars they're hoarding can be sold at the new price which will keep circulation down and provide dollar backing at the new rate. They keep saying they want to make the dinar the currency of choice but their attempts have been pretty feeble, haven't they?
Jean
The reasonable man adapts himself to the world. The unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. (George Bernard Shaw)
http://www.jean.theicbgroup.com/
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18-01-2007, 04:58 PM #37
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18-01-2007, 05:52 PM #38
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Think about this scenario
If you were an Iraqi who had saved money over the years, and for stability converted all your savings to, say, $5000 (5000USD).
If the CBI suddenly RV'd at 1:1, for example, you would still have $5000.
But if you had converted your $5000 to IQD the day before, you would have approx. 6,500,000 IQD....Which would NOW be worth approx. $6,500,000!!!
Can you imagine how upset you would be if your government did not give you opportunity to convert your USD to IQD. Now multiply that time millions of people and businesses. There would be unrest and chaos far beyond what we are now seeing....They MUST give some type of notice, which I agree is highly unusual, but definitely needed in this case.
That is why there have been strong hints of an impending RV. It's MUCH clearer within Iraq then from the conflicting news reports we are allowed to see. They want to keep us off balanced and unsure, but not their people. They want the Iraqi people to be sure and act accordingly. On the "streets" it is below 1000:1. ...They know something.
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18-01-2007, 06:01 PM #39
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That's what makes this rumor a little different. I am a recent poster, but I have been following most forums for over a year. I have NEVER seen a rumor posted by Treater before. He's always been conservative in his posts and assertions...very credible person.
It's a rumor so it may or may not happen. But it is of note that Treater places value on this source....not the average rumor for sure.
One of these rumors will happen....just don't know when.
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18-01-2007, 06:12 PM #40
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