Thread: No Revalue? Word From Minister of Finance?

Originally Posted by shotgunsusie

i posted that in the news last night.

Dang it i'm late again!

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?

I was there 2004-2005.. believe me there are bookoo poor people there!

Originally Posted by DinarKing

I was there 2004-2005.. believe me there are bookoo poor people there!

You are sure right Dinarking. I was there from 2004 -2006. Been to three different areas of Iraq and the people where i have been are dirt poor. When your sewer system is a pipe going from inside of your house to outside in a 4" PVC pipe,about 40 yards away and dumped on the ground, thats bad. They sleep on their rooftops at night to stay cool. Iraqi kids were at the gate of military base begging for hand outs.
If thats not poor --what is!!!! I saw it myself in person......

Originally Posted by Adster

No MP would give out info like that, well, truthful info. And anyway Bush needs payback asap, 2 to 3 years gets the big BS Flag.

Yes and might I add for the 1,000,000th time.

there will be NO ZERO LOP.

1. Chase knows this. WFB knows this. B of A, Barclays, to name a few of the big banks that have their stake, as well as SEVERAL other countries.

2. GW and Condi would not be going through all of this trouble to have a lop.

3. CBI has made it very clear from the beginning they will NOT do that.

This was put to rest a LONG time ago. To state there is a slight chance of it happenning, even .01% chance of it happening, would be nothing short of pure BS.

The unfortunate thing is, we can all say this until we are bluefaced. I guarantee someone will bring it up again.

NOT GOING TO HAPPEN.

Besides Iraq has stated several times the intent to raise the currency to its former level.

More recently, that they WILL INCREASE THE VALUE.

This can NOT BE ACHIEVED BY LOPPING.

In more simple terms,

LOP = DECREASE IN VALUE.

Revalue = Definite and positive INCREASE IN VALUE

And no WAY IMF would allow that.

Originally Posted by The_Mad_Scot

Yes and might I add for the 1,000,000th time.

there will be NO ZERO LOP.

1. Chase knows this. WFB knows this. B of A, Barclays, to name a few of the big banks that have their stake, as well as SEVERAL other countries.

2. GW and Condi would not be going through all of this trouble to have a lop.

3. CBI has made it very clear from the beginning they will NOT do that.

This was put to rest a LONG time ago. To state there is a slight chance of it happenning, even .01% chance of it happening, would be nothing short of pure BS.

The unfortunate thing is, we can all say this until we are bluefaced. I guarantee someone will bring it up again.

NOT GOING TO HAPPEN.

Besides Iraq has stated several times the intent to raise the currency to its former level.

More recently, that they WILL INCREASE THE VALUE.

This can NOT BE ACHIEVED BY LOPPING.

In more simple terms,

LOP = DECREASE IN VALUE.

Revalue = Definite and positive INCREASE IN VALUE

And no WAY IMF would allow that.

Yes I agree there will be no loop as that shows weekness in a economy...however they could if they choose could do a reprint....yes it will cost billions to do but is it better to do that than pay out trillions during a high rv.....thats why im not a cheerleader of the big overnight rv.... alot of people say well that would loose investor confidence and piss people off....speculators yes will be pist...investors who havent played the game yet in iraq wont care investing in oil firms and the isx cause its now just brought on to the big world scene now with all big laws passed...so its not all a high risk now is it..hmmm....big banks that have been selling dinar i would asume in the course of a reprint they will accept the dinars we have now for the new ones....the latest article depends on how you interpert it,,cause the translation is so fu*ked up....it may be hinting twards a reprint..or you can speculate that it has to do with lower denoms...the argument can go either way....let me find it and i will post...tank

Projects that cost up to $ 800 billion share of the Kuwaiti companies which limits 50%

said in his speech on the current situation of the Iraqi projects involving Kuwaiti companies, that the current stage is witnessing a remarkable turnout by the Kuwaiti companies which intend to participate in the projects as well as the Iraqi month. Backtrackings which witnessed large by these companies on their participation in projects

Iraqi projects that cost up to $ 800 billion share of the Kuwaiti companies which limits 50% newspaper Almcherquakd President of the Russian Trade and member of the Economic Development Council in Iraq "Basra" more that Abdulmohsin

Iraq is about to put large projects during future periods will cost to 800 billion dollars will go to the Kuwaiti companies that will participate in the implementation of these projects about 50% of these projects, including companies

Included in the Kuwait Stock Market. Akbar said in his speech on the current situation of the Iraqi projects involving Kuwaiti companies, that the current stage is witnessing a remarkable turnout by Kuwaiti companies intending

Their participation in Iraqi projects, as well as the past months, which witnessed significant setbacks by these companies on their participation in the project because of the tensions that had undergone Iraq, which greatly affected the movement of large and small projects in Iraq, including

Investment projects of oil and especially the commercial and small. He added largest saying : the cases of thefts and vandalism, which was exposed by Kuwaiti companies in the past, has started relatively, whereas the current situation bodes stable future

Iraq, especially the Iraqi projects involving Kuwaiti companies, pointing out that many areas in Iraq has not recorded cases of vandalism or theft since more than 6 months, and this demonstrates the relative stability of these projects and promises Bqdo

.The stability of the future. He pointed out that the largest overall future projects in Iraq will be announced by the Commission which will be tender and the companies that will participate, while received the bodies concerned in Iraq based on the implementation of these projects.

Requests for participation in future projects of the Kuwaiti companies total more than 60 Kuwaiti company specialized in the fields of oil, trade and transport and storage. The Economic Council in Basra working to provide immunization and all projects in which it operates Kuwaiti companies while studying the draft received from Iraq requests from Kuwaiti companies intend to implement and will be decided during the next few months to announce the winning companies and the cost of the project up to $ 500 million

.Dollars. With respect to real estate Kuwaitis in Iraq stated that the greatest things in the past become more complex over this issue in light of the tensions in Iraq, saying that the current situation and future development is not a threat to land. The Kuwaiti property in Iraq, pointing out that the work to provide information for this property and complete investigation on this matter to restore the land

The Kuwaiti property in Iraq to the owners The largest of the existence of considerable cooperation between the competent authorities in this regard and the Chamber of Commerce and Industry of Kuwait to resolve the issue of land and property in Iraq in particular solution

. Other things related to the Kuwaiti and Iraqi sides. And traffic and freight to and from Iraq, Akbar said that freight coming from Kuwait increased in the past months and most goods and supplies in existing projects .Iraq especially food goods, pointing out that the movement increasingly days from the others accompanied by securing more than in the past. The largest, most Kuwaiti companies that refuse transfers to Iraq mostly damaged. .Operations theft while in the present time this phenomenon has dissipated, especially of goods destined for Basra Governorate.

On the latest statements from officials in Iraq to change the structure of the new Iraqi currency, "current" emphasized that the biggest. There is a real intention to change this currency, a new and transforming the same price, pointing out that the Iraqi currency at the present time seemed a marked improvement on previous periods as well, unlikely that the Iraqi dinar is exposed to pressures lead to the deterioration of these

Currency under a future projects and economic renaissance, which will experience them the future of Iraq, and all indications portend the arrival of an awakening economic aimed to raise the Iraqi situation among the ranks of Arab and Gulf countries, especially its impact

The concrete about raising the value of the Iraqi dinar.
cache: - Google Search... &cd=88&gl=us

There is a real intention to change this currency, a new and transforming the same price.......ok this statement to me says ok were gonna change the currency to a new one......Currency under a future projects and economic renaissance, which will experience them the future of Iraq, and all indications portend the arrival of an awakening economic aimed to raise the Iraqi situation among the ranks of Arab and Gulf countries, especially its impact

The concrete about raising the value of the Iraqi dinar.

Then this statement to me says a stong high value of the dinar so it up to par with the surrounding countries


Now some people say to th article part thats highlighted above that it could mean the isuance of new catagories maybe (low denoms)

I wish these people wrote in just good ol plain english..hahaha but that would be to easy right....anyone elses thoughts on this

Originally Posted by dinartank

On the latest statements from officials in Iraq to change the structure of the new Iraqi currency, "current" emphasized that the biggest. There is a real intention to change this currency, a new and transforming the same price, pointing out that the Iraqi currency at the present time seemed a marked improvement on previous periods as well, unlikely that the Iraqi dinar is exposed to pressures lead to the deterioration of these

Currency under a future projects and economic renaissance, which will experience them the future of Iraq, and all indications portend the arrival of an awakening economic aimed to raise the Iraqi situation among the ranks of Arab and Gulf countries, especially its impact

The concrete about raising the value of the Iraqi dinar.
cache: - Google Search... &cd=88&gl=us

Yep, it's all right there...

to change the structure of the new Iraqi currency, "current" emphasized

looks to me like they are making a point to say no new currency(no reprint)

well let take the part where it says to change the structure....well it can go both ways....Examp I want to remodel my house and make my bathroom bigger(we want a high dinar) so i need to RESTUCTURE(tear down a wall and put up a new one) change of the CURRENT to make it bigger......see my point

restucture can mean 2 things to use the existing to make better or tear down and start all over