Thread: Rate That Iraq Can Support

Originally Posted by vegasbound

I believe that $1.68 - $2.41 would be in line considering the neighboring countries rate and to shake out alot of investors holding dinars. then increase in time as their economy gets on track and the oil starts to flow.....then who knows what it may get up to. Iraq does have the potential to be the richest countries in the entire middle east.

WOW! A shakeout rate of 1.68 to 2.41. Who would of 'thunk it'.

Originally Posted by willie 2

I believe they will reval at the same rate as Kuwait.

And what is that rate?

3.41 To 3.47

Sky is the limit.... if we don't get into M2 discussions...

I agree with SGS in her guote below. I also have read the Word of God indicating that Babylon will be the center of commerce for the whole world in the end times. My vote is the sky is the limit (eventually).


"not to mention its babylon which is to be the richest of all areas on the globe as referenced in the bible. and the natural gas, cant forget that one because to some its as valuable as oil." SGS


Love the excitment,
Petunia

I've voted for 1:1 but still, i think sky's the limit and we will be pleasently surprised by the new rate. w00t

I believe in the 75% range because if they open at 1-1, they will be nickled and dimed to death by all of the investors like us. They would have to start out between that rate to knock some of us out. The really big boys would still play but that is inevitable no matter what they open at.....Donna

none of the above...to high to start...if they want to encourage foriegn investment they need to start low to and slowly make there way up.....im looking for an opening of 10cents.....but the stunt that the cbi is pulling hmm maybe something is up and the sky is the limit....guess well know sooner than later hopefully by the end of the month....or have the cbi come back online and they didnt change a thing where they left off at .19 WOOOOOOOOOOT

I'm thinking the upper side of the 75% of normal for an initial revalue, right around $2.40. Then it will return to pre-war levels fairly quickly as the oil and gas begin flowing more rapidly. Can see it easily reaching .19 within 5 years.

If you go by the current Iraqi bylaws and stats they can do an overnight (or slow grow) re-val to approximately .0018 USD. They currently have bank reserves at 150%. Their bylaws would allow them a 25% reserve requirement. The current IQD currency exchange rate is around 1269 which translates to about a .0008 USD level. Thus the working margin would be about 125% which would still leave them coverage by their bylaw of 25% foreign reserve requirement. This, btw, is GREAT news!!! But that's not all. As oil production and Iraqi investment increases so will their reserves. thus .0018 USD is only a hop, jump, or click away from real high returns of .01, .05, .10, and .20 levels. Thus a quick answer is in the short term they can support a rate of .0018 (approximately 600 IQD to 1 USD). And in the near term they can fairly rapidly reach the dime levels.