Thread: Phone Call From A Freind.....

Originally Posted by Ranger III

You may have noticed that Susie has recently added "or $3.22" to her
"signature line."

I remember back in September thinking that the small minority of those
suggesting such a number had taken leave of their senses. But now, I'm not so sure.

Assume for argument's sake that twenty (20) trillion dinars were printed and
that the United States holds five (5) trillion. Both of these figures have been
suggested in prior posts. Then also assume that other governments and
people like us hold another five (5) trillion. Then assume that Socata 850
is right when he says that approximately six (6) trillion will have been taken
out of circulation by the CBI as soon as tomorrow. That leaves only four (4)
trillion dinars currently in circulation.

Now assume that the CBI continues at its current pace and takes another
one (1) trillion out by March 21st. We are now down to approximately
three (3) trillion in circulation. This figure is roughly supported by wciappetta's report that there were 4.6 trillion dinars in circulation in
November of 2005.

Now ask yourself the question of which was/is more feasible: (1) an r/v at $1.20 (.93 of the euro based upon Susie's corroborated rumors), at a time when neither the FIL nor the HCL had been passed and at a time when the amount of dinars in circulation was approximately ten (10) trillion; or (2) an r/v at $3.22 at a time post passage of the FIL and HCL when the amount of dinars in circulation is expected to be approximately three (3) trillion?

I suggest to you that choice (2) may be just as feasible on March 22nd as
choice (1) was in late September. Hasn't $3.22 been said to be the "normal"
or "previous" rate in Iraq? Add to these positives the impending admission
of Iraq into the WTO, the assists from the World Bank and the IMF, the improved security expected to be delivered by General Petraeus, and the
increase in the price of oil well beyond the $50 per barrel assumed for 2007
budgetary purposes - and what you might conclude is that $1.29 is some-
thing of a minimum r/v number.

with the way Iraq has been "fastracked" to WTO membership nothing concerning a higher value to the dinar would surprise me......

Originally Posted by shotgunsusie

pm from a rolclub fellow family member who asked that it be posted:

Suz, thanks for posting that. Fascinating and encouraging to read, please post more from that person if you get an update.

Originally Posted by Jola

While I would personally love to see an RV at 3.22 or whatever - higher than 1.20 - I believe that they would jump the gun with this....they are a young democracy, with a young economy, they need investors to come in...I think it will hit big in a couple of years though... like $4-5/ 1 dinar. And we should not forget that - for example - duck20000 posted something like " rv at over a dollar or one of the previous rates will be adopted"...which , I believe also 33 cents was a "previous rate also"...but again, another "previous rate" was $3.45 in 1980...

Who knows...JMO

THE rate of .33 was what the iraqi gov wanted to start with the gov of the US said that was too low the rate has been moving steadly upward and is past the 1.20 mark. THINGS are very fluid in iraq changes taking place every day that make the dinar worth more.needles to say that soon we will all be richer than i willdiest dreams it just takes alittle time to get this in line!

Originally Posted by duck2000

THE rate of .33 was what the iraqi gov wanted to start with the gov of the US said that was too low the rate has been moving steadly upward and is past the 1.20 mark. THINGS are very fluid in iraq changes taking place every day that make the dinar worth more.needles to say that soon we will all be richer than i willdiest dreams it just takes alittle time to get this in line!

Do you mean RIGHT NOW it is past the 1.20 mark? And if so HOW do you know this? CAN YOU VERIFY?? Or just because this is the rumors thread you can throw anything out there?? Please explain.

Thanks
Mike

Originally Posted by Lunar

Can you post a link for this....I haven't seen anything concerning the US government mentioning any amount. Thanx

Lunar, seeing as this is the Rumour thread, it is most likely
through Duck2000's source that this info came from.
There would not be a link...lol

Originally Posted by Lunar

Thanx Loki but wouldn't the US government mentioning a suggested rate for the IQD be public knowledge...therefore published?

LOL.....I highly doubt that.

Originally Posted by duck2000

THE rate of .33 was what the iraqi gov wanted to start with the gov of the US said that was too low the rate has been moving steadly upward and is past the 1.20 mark. THINGS are very fluid in iraq changes taking place every day that make the dinar worth more.needles to say that soon we will all be richer than i willdiest dreams it just takes alittle time to get this in line!

I cannot wait, to hear all of the behind the scenes action! When this is all over. Hopefully Duck2000 and some others with inside information. Will share with us, some financial war stories! I hope to see ya all at the party. We will have a lot of stories to share!

Originally Posted by Loki

LOL.....I highly doubt that.

If not in the published news...then boots on the ground would have heard something about it.

Originally Posted by duck2000

well if you went out on a limb the least i can do is confrim that my iraqi freind in the gov has said that reveal is done and tyied to the euro it will be announced by end of march!!

when you first posted this, I read it but didn't really "get it"...but then it has been in the back of my mind...and I haven't seen anybody commenting on it either so here goes:
Is your friend a member of the GOVERNMENT?!? The Iraqi government or the American?(Assuming you are American; don't know)
If your friend belongs to the Iraqi government one would think that he REALLY knows something...
/K

Originally Posted by duck2000

well if you went out on a limb the least i can do is confrim that my iraqi freind in the gov has said that reveal is done and tyied to the euro it will be announced by end of march!!

Yo, duck2000, when was it that your Iraqi friend said that the reval was a done deal? The reason I am asking is for a simple comparison. What I am wondering right now is if the Iraqi government is operating on a rough timetable for each of the items it is releasing. For instance, around the end of September we heard that the FIL was passed (done deal), then it was released to the public approximately 3 months later at the end of December. Similarly, we heard rumblings about the HCL (done deal) around the end of October, and then 3 1/2 months later it is released to the public. So, hmm, when was the reval a "done deal" with your Iraqi friend???

(I.e.) Done deal time + 3 to 4 months (error due to Iraqi Time) = reval release to public......

LOL, just a thought.....