Question/ Challenge to the naysayers
I have been taking into account all the recent news and laws. At the same time I am trying to ignore all rumors. After some thinking I came to a question. It's a question for those who doubt this investment. To be honest I feel that way on occasion. The question that came to mind was this... With everything that Iraq wants to do and have done, between the FIL, the HCL, the ISX... What would be the point of any of these if they were going to keep a worthless currency? I do not see a point in bringing in investors if you have nothing for them to gain. Maybe I a missing something? If so please fill me and the others in.
I also have some dates. Now the oil summit is the 17-18 of April. Yet many reports say the Iraqi's will have the HCL done by the end of MAY. So I figure they can not show up to the summit with nothing. The HCL will be passed and ratified before than. It will however not be enacted until the end up MAY which could bring a revalue the latest the first -second week of JUNE.
As far as the amount of the revalue.. I have been doing some more thinking. Now the Market does not like to be surprised. I do not believe it will be the huge reval we all want. But it will have to be worth something. I believe the least will .10 us and the max will be done by simply removing 3 zeros from the RATE which currently would put it at .78 us. Then once on the forex as a tradable currency the market will dictate the true value which will result in an initial surge ( the jump start of the economy they have been mentioning)
Anyway that’s just what I was thinking about last night while I couldn't sleep. What do you all think?