Thread: Rv More Info For All

Originally Posted by H2O_Lover

hows that saying go

ohhh the tangled web we weave ...

what i a contrast in forums ....been at the darkside before here and you all would be glad for the .05

What? Not sure that I understand.
Leann

Originally Posted by bambiebdgrl

What? Not sure that I understand.
Leann

just a saying used a long time ago about people getting tangled in their own web when they were trying to deceive people.

as for the .05 seems some think no real jump and a slow growth lucky to see .05 by 2010.

i was just commenting on the difference in the 2 forums is all i must be talking duck tonight it happens after 10pm and there is a full moon :)

Originally Posted by QQQ

I did notice shotgun missing today, looks like shes baaaack.Hold on to your hats.

You mean your thinking caps?
Leann

Originally Posted by bambiebdgrl

You mean your thinking caps?
Leann

Yes your thinking hats.Suzie will get all this straightend out.We got all these great april rumors cooking.

Originally Posted by QQQ

Yes your thinking hats.Suzie will get all this straightend out.We got all these great april rumors cooking.

you should have said susie will wade through the muck,,,

unless that article that was just posted is bull they are saying final debt reduction with the ici signing. that means we wont see a revalue of the dinar til after they get that debt reduction i suspect.

Originally Posted by DANNYDINAR

The CBI has stated there will be NO Auctions till WEDNESDAY!!!!!!!!!!!!!!

However, there was one today (Tuesday).

Announcement No.(900)

D.G. of Foreign Exchange Control

The 900 daily currency auction was held in the Central Bank of Iraq day Tuesday 2007/4/ 10 so the results were as follows :

Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1272 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 59.505.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 59.505.000 -----
Total offers for selling (US $) ----- -----




Makes you wonder what to believe these days.

Steve

Originally Posted by shotgunsusie

true that. are you honestly telling me that the kurds will take five cents for their dinar? youve been smokin my bag again terry!!

also, ill fill everyone in on another tidbit, now watch danny tell this one in a couple days as his own. the dinar will double the initial peg within the first year, thought to be only 6 months later this second peg was described to me by the person who was right about the original date of revalue before the iraqis postponed it.

I think you may already understand this Suse, but let me clarify. My $0.01 explanation was just an example of how the dinar will increase in value even at lower rates, so that it would be wise to hold on to the Dinar versus holding Dollars, as money would be made even at lower rates. Personally, I cannot imagine that the Iraqis would be happy with anything less than $0.20/dinar, but what can I say I don't know everything. The only way that I can see a low reval such as $0.05 or $0.10 is if it was just for a short shake out period such as a few weeks before proceeding to a higher value to get rid of the speculators. I just don't think that the Iraqi economy would fair well if everyone from abroad came in and invested at that low of a rate for a long period of time. I think the value of the Dinar has to be higher for a longer period of time or the whole purpose of the reval could end up being detrimental. That being said I'm not sure if revaluing the Dinar higher than a $1 is wise either, as they desperately need an infusion of investment capital. The best way to encourage investment is a lower exchange rate and favorable tax rates, so that is why I think it will be somewhere between $0.20 and $1. But hey I only slept at a Holiday Inn Express last night so what the heck do I know....

However, I would love to hear Shabibi say.... I'll buy that for a dollar.

SGS, refering to the ICI and debt reduction, are you willing to say this changes the revalue from days, months, or years?

Originally Posted by notazbad2000

Hey Terry, Is there any word as to them pegging it at the dollar or the euro? I know there was talk of that in the past.

Don't know notazbad2000. Unfortunately, the only sources that I have are the forums, so you have as much info as I do on that subject. Susie, or one of the other members with contacts would be a better source of intel on that subject. I'm just trying to be a patient and watchful observer, so if I catch anything I'll make a comment on it. My opinion though is that it would probably be better for us if it pegged to the Euro, as the dollar is currently dropping in value. I wouldn't expect the dollar to continue that trend, so it would be great if we could cash out in Euro's, and then convert them back to Dollar's once the Euro peaks against the Dollar. That would give us even more Dollar's which would be great if the Dollar were to ever reverse its downward slide. Probably answering more than you wanted, but it is kinda interesting.....