Thread: No Revalue? Word From Minister of Finance?

Originally Posted by PaulieThaGreat

Adster, this is IRaq though think about how the politicians over there act. They arnt as smart as US Politicians in some sense because they slip information easily. Look at the reshuffle and all this stuff that they do? Then think if it is possible that they could have slipped.

They are also very greedy and money orientated. You think they want to have a currency with an artifical rate? when all their neighbours have a rate that is much stronger, making them so much wealthier, Course not. Their plan has always been to get back to $3.22, why it's still on CBI and BoB books.

They don't move the rate they will have no buying power, inflation will rise again, they will not have enough physical currency as they intend to dedollarize for the economy/budget, (54 trillion dinar).

The US cut the funding mid April so there's no more of that coming......

Bush, the IMF, World Bank and Paris Club would not allow this. All of these countries have not forgiven debt for the love of Iraq..........

Like Adster said -

"Reminds me of the Chinese Yuan back in July 2005 when 2 days before it floated their government stated it would not be allowed to 'float', then 2 days later it did....."

I really like this statement, Thanks Adster,

mewannapeg

we need some really good news about a reval, like now

hey adster, do you think they will jump to close to that 3.22 mark quickly, or slow and grow?

Originally Posted by deepfreeze

hey adster, do you think they will jump to close to that 3.22 mark quickly, or slow and grow?

2 to 3 years to get back to that rate. Cash in rate IMO will be around 1 to 1.

3.22 not for years to come!

Tell me a country you know that walks around with bills worth $3000usd,$75,000usd and so on and so on?

Originally Posted by PaulieThaGreat

It would help Iraq.... Their would be less currency in circulation and it would make it easier for them to have a higher valued currency. Right now all that talk about how people are poor and starving there is bs. The salaries were raised so now iraqis have money. I just dont understand this reval anymore... Anyone care to shed some light?

Don't know what the MoF is saying out on the streets but I know the talk that Iraqis are poor and starving isn't bs. The average citizen lives hand to mouth and about 1/3 of the population lives BELOW the poverty level and with an estimated population of 27.5 million that's a lot of poor people. Why do you think so many of them are still willing to blow themselves to hell for $100?

Originally Posted by PaulieThaGreat

Tell me a country you know that walks around with bills worth $3000usd,$75,000usd and so on and so on?

sounds like your somewhat attached to your rumor ? Makes me wonder now.

I think we all figured that once the dinar was worth more they would pull the larger notes and work their way down to notes that would work for what ever the currency demanded.

Originally Posted by goldraker

Insensitive comment removed-MrQ

Thats messed up man.