Thread: Rv More Info For All

Originally Posted by mewannapeg

The knew rumor from secret key is that the dinar is going to RV at .02 - .05. If I were an Iraqi I would not be hanging onto my dinars since the US dollar is worth more. So DannyDinar why would the Iraqis hang onto their dinars? Are your sources saying the dinar will be equal or greater to the dollar?

Thanks,
mewannapeg

To answer your question mewannapeg, the Iraqis are going to hold on to their Dinar because the value is going to increase. Simply put they currently have Dinar that is worth $0.000786/Dinar, and then if the exchange rate increases to say one penny ($0.01/Dinar) they have just made an increase of 12.72 times what they had the day before. So, in essence they can then exchange their Dinars and get more dollars than they could the day before a RV. If they held dollars then they would be getting less Dinar back if they exchanged after a RV. Sounds like a good reason to hold onto the Dinar.

I think you are getting confused by stating that the Dinar has to be more valuable than the Dollar for Iraqis to want to keep it. It only has to increase in value for someone to want to keep it, as they will be able to get more stuff with it once it becomes more valuable.

Hope that clarifies it.

Originally Posted by TerryTate

To answer your question mewannapeg, the Iraqis are going to hold on to their Dinar because the value is going to increase. Simply put they currently have Dinar that is worth $0.000786/Dinar, and then if the exchange rate increases to say one penny ($0.01/Dinar) they have just made an increase of 12.72 times what they had the day before. So, in essence they can then exchange their Dinars and get more dollars than they could the day before a RV. If they held dollars then they would be getting less Dinar back if they exchanged after a RV. Sounds like a good reason to hold onto the Dinar.

I think you are getting confused by stating that the Dinar has to be more valuable than the Dollar for Iraqis to want to keep it. It only has to increase in value for someone to want to keep it, as they will be able to get more stuff with it once it becomes more valuable.

Hope that clarifies it.

Makes some sense. we are holding out why wouldn't they?

Originally Posted by TerryTate

To answer your question mewannapeg, the Iraqis are going to hold on to their Dinar because the value is going to increase. Simply put they currently have Dinar that is worth $0.000786/Dinar, and then if the exchange rate increases to say one penny ($0.01/Dinar) they have just made an increase of 12.72 times what they had the day before. So, in essence they can then exchange their Dinars and get more dollars than they could the day before a RV. If they held dollars then they would be getting less Dinar back if they exchanged after a RV. Sounds like a good reason to hold onto the Dinar.

I think you are getting confused by stating that the Dinar has to be more valuable than the Dollar for Iraqis to want to keep it. It only has to increase in value for someone to want to keep it, as they will be able to get more stuff with it once it becomes more valuable.

Hope that clarifies it.

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.

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.

To add to the above question, I have a few questions for our experts...

If they PEG the rate to either the US Dollar or Euro, does this mean that it won't be on the Forex? Or does this mean that the rate will NOT "float" (assuming UP) with "supply and demand" market influences?

Also assuming it goes on the Forex (ie. traded by more than just a handfull of banks worldwide)...wouldn't the banks just hold onto all that is traded in. I guess there is a point when they have too much in their portfolio (just to throw out a number, lets say a midsize bank might hold 500 million in foreign money, a biggie like Chase, BoA, Citi, ect might hold 2-5 Billion...)

Anybody have any ideas about this...

By the way, thanks Danny for the information.

Dinarstars

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.....

Originally Posted by TerryTate

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.....

Terry! what are your thoughts on a date for a possible RV? Especially after all this information has been coming out - good or bad? Do you think debt reduction and ICI signing is essential to a RV?

Originally Posted by screwball

Terry! what are your thoughts on a date for a possible RV? Especially after all this information has been coming out - good or bad? Do you think debt reduction and ICI signing is essential to a RV?

Well, ask me an easy question why don't ya...lol.

My answer is somewhat of a cop out on this screwball, but if you read it all I think you'll get my drift.

I have 3 different levels of opinions when it comes to the reval and I classify them as follows:

1. What I see: The items that fall into this category are mostly due to the articles, newspaper and tv pictures and general information coming out of Iraq, mostly from this site dug up by our newshounds. Because of this information I am of the opinion that the RV has to be very, very close, i.e. weeks, instead of months...

2. What I feel: This opinion is generated by the way I see Iraqi's living. It is hard for me to believe that they can continue to endure much more, so I tend to believe that something has to give. Either the people will get something positive or they will essentially implode. This also tends to point towards a sooner reval, but I have been thinking that for awhile now. So, it looks like the Iraqi people will put up with a lot, and thus the RV doesn't happen even though it should.

3. What I hear: Mostly what I hear is negative from mostly uninformed or intentionally misleading statements issued by people with agendas against the U.S.A. or the Republicans, or George Bush, or a combination of two or all three. These opinions tend to say that we need to get out quick, usually around the end of this year, so that leads me to believe that the RV will have to happen before the end of the year or everything is going to go to hell in a handbasket after we pull out. In short if Bush wants any kind of victory, economic prosperity should return to Iraq prior to a pullout, otherwise no credit will go to him, the Republicans or the U.S.A. for the turnaround.

In short it is a confusing muddled mess, which I tend to think is exactly how the C.B.I. would prefer it in order to deter speculation.

Take for example the meeting of the Arab state bank governors that happened last week. When someone in the press was answering questions about a potential RV of the Kuwaiti Dinar the governor being questioned nearly attacked the man because the governor wanted to deter currency speculators.

That leads me to believe that none of us are going to really be aware of any definitive time frame info because the men pulling the strings are confusing the heck out of us all. They are doing a great job at it.

But, I guess you wanted the short answer---->good, bad and just plain ugly, I think it will be sometime in November, but I am hoping for this week and just praying that it will actually happen eventually. I'm not really worried as I can wait it out financially, but I sure would like to get some sleep instead of reading this board late at night...... Susie and everyone else do make it interesting though. Its just my opinion folks so take it for what its worth--->hot air. Anyhow, I'm rooting for next week--->c'mon the sweet release of sleep....

Originally Posted by TerryTate

Well, ask me an easy question why don't ya...lol.

My answer is somewhat of a cop out on this screwball, but if you read it all I think you'll get my drift.

I have 3 different levels of opinions when it comes to the reval and I classify them as follows:

1. What I see: The items that fall into this category are mostly due to the articles, newspaper and tv pictures and general information coming out of Iraq, mostly from this site dug up by our newshounds. Because of this information I am of the opinion that the RV has to be very, very close, i.e. weeks, instead of months...

2. What I feel: This opinion is generated by the way I see Iraqi's living. It is hard for me to believe that they can continue to endure much more, so I tend to believe that something has to give. Either the people will get something positive or they will essentially implode. This also tends to point towards a sooner reval, but I have been thinking that for awhile now. So, it looks like the Iraqi people will put up with a lot, and thus the RV doesn't happen even though it should.

3. What I hear: Mostly what I hear is negative from mostly uninformed or intentionally misleading statements issued by people with agendas against the U.S.A. or the Republicans, or George Bush, or a combination of two or all three. These opinions tend to say that we need to get out quick, usually around the end of this year, so that leads me to believe that the RV will have to happen before the end of the year or everything is going to go to hell in a handbasket after we pull out. In short if Bush wants any kind of victory, economic prosperity should return to Iraq prior to a pullout, otherwise no credit will go to him, the Republicans or the U.S.A. for the turnaround.

In short it is a confusing muddled mess, which I tend to think is exactly how the C.B.I. would prefer it in order to deter speculation.

Take for example the meeting of the Arab state bank governors that happened last week. When someone in the press was answering questions about a potential RV of the Kuwaiti Dinar the governor being questioned nearly attacked the man because the governor wanted to deter currency speculators.

That leads me to believe that none of us are going to really be aware of any definitive time frame info because the men pulling the strings are confusing the heck out of us all. They are doing a great job at it.

But, I guess you wanted the short answer---->good, bad and just plain ugly, I think it will be sometime in November, but I am hoping for this week and just praying that it will actually happen eventually. I'm not really worried as I can wait it out financially, but I sure would like to get some sleep instead of reading this board late at night...... Susie and everyone else do make it interesting though. Its just my opinion folks so take it for what its worth--->hot air. Anyhow, I'm rooting for next week--->c'mon the sweet release of sleep....

Very concise and eloquently spoken.

I agree totally. I have a very good friend stationed in a northern suburb of Baghdad. He's my age, went to the same high school. He's a helicopter pilot and when he was in town a few weeks ago (to go to his grandfathers funeral) I asked him what he thought about the future of Iraq. He said he thought it was a lost cause. No words of encouragement from him whatsoever.

I can only sit back and watch things unfold. Nothing we do or say here on these forums will change the course.

Good thing I'm eternally optimistic!

Thank you for your viewpoint. I appreciate it.

Originally Posted by TerryTate

Well, ask me an easy question why don't ya...lol.

My answer is somewhat of a cop out on this screwball, but if you read it all I think you'll get my drift.

I have 3 different levels of opinions when it comes to the reval and I classify them as follows:

1. What I see: The items that fall into this category are mostly due to the articles, newspaper and tv pictures and general information coming out of Iraq, mostly from this site dug up by our newshounds. Because of this information I am of the opinion that the RV has to be very, very close, i.e. weeks, instead of months...

2. What I feel: This opinion is generated by the way I see Iraqi's living. It is hard for me to believe that they can continue to endure much more, so I tend to believe that something has to give. Either the people will get something positive or they will essentially implode. This also tends to point towards a sooner reval, but I have been thinking that for awhile now. So, it looks like the Iraqi people will put up with a lot, and thus the RV doesn't happen even though it should.

3. What I hear: Mostly what I hear is negative from mostly uninformed or intentionally misleading statements issued by people with agendas against the U.S.A. or the Republicans, or George Bush, or a combination of two or all three. These opinions tend to say that we need to get out quick, usually around the end of this year, so that leads me to believe that the RV will have to happen before the end of the year or everything is going to go to hell in a handbasket after we pull out. In short if Bush wants any kind of victory, economic prosperity should return to Iraq prior to a pullout, otherwise no credit will go to him, the Republicans or the U.S.A. for the turnaround.

In short it is a confusing muddled mess, which I tend to think is exactly how the C.B.I. would prefer it in order to deter speculation.

Take for example the meeting of the Arab state bank governors that happened last week. When someone in the press was answering questions about a potential RV of the Kuwaiti Dinar the governor being questioned nearly attacked the man because the governor wanted to deter currency speculators.

That leads me to believe that none of us are going to really be aware of any definitive time frame info because the men pulling the strings are confusing the heck out of us all. They are doing a great job at it.

But, I guess you wanted the short answer---->good, bad and just plain ugly, I think it will be sometime in November, but I am hoping for this week and just praying that it will actually happen eventually. I'm not really worried as I can wait it out financially, but I sure would like to get some sleep instead of reading this board late at night...... Susie and everyone else do make it interesting though. Its just my opinion folks so take it for what its worth--->hot air. Anyhow, I'm rooting for next week--->c'mon the sweet release of sleep....

May I throw in a few lines?

Thank you. :)

1. The budget was approved with an exchange rate of 1260. That's only 12 points from what we has last week and this week. Why the dragging? As CBI proved before, they could get the rate to 1260 in one or two shots....

2. ISX to open on April 15th, with no trading on the 11th - something here?

3. We know the FIL is enacted, but there is no sign of its implementation except governmental contracts - still waiting on procedures - something is holding

4. CBI sets rates for 2-4 days at a time. While the rate doesn't change, CBI buys dinars big time , prices " stable" on the market, but see point 6

5. ICI on May 3rd - if contracts signed and debt forgiveness implemented, shouldn't we have a new rate by then?

6. Why announce a new Monetary Policy, why have a Banking Conference in Amman about it ( with no specific news following) and why articles showing up telling people to hold on buying goods, unless strictly necessary? If the new rate would be 1260 ( from 1271), how much will it impact the market price?

7. On a bigger scale, the dollar took another beating today...we need that oil in Iraq to sustain it...and we need it fast... pegging to the dollar needed ASAP...I don't believe that ever the Iraqi oil will be sold in Euros ( yes, for debt forgiveness pourposes, it will be sold also in dinar, but that's another story)

It is a puzzle, but we can't stop wondering about these, can we?

I was also thinking about the rumours ...dealers are still selling dinar...banks are still seling dinar...in my opinion they are not better informed than us and they will be just as surprised as we will be when it happens. So , if the dealer still sells dinars, it is not because an RV is not close, but it would be mostly because they have no clue how close it is - just like us.

All right, I am done...phhheww...Someone, give me a beer!

And please someone correct me where I am wrong. So I get it out of my head.

Wheeeeeeeu!!!!!
I'll drink a beer with ya and I'll buy
I think a beer is $1500 dinars??????