Thread: Rate That Iraq Can Support

I'm hoping for 1.68 - 2.41. However I believe the sky is the limit.
Teshema/Virginia

Originally Posted by lndmn_01

please explain to me how a slow, continuous rise in the value will work.

With the IMF regulations requiring member nations to maintain their currency value in a (approx.) 4% range it seems to me that the entire argument would be over.

I can only see a slow rise causing massive economic problems for Iraq. If the value of a currency continually increases by (being conservative) 25% a year it seems that it would disrupt all business to the point that Iraq could not function on the world market.

Who's to say it NEEDS to revalue at all?

Prove to me that the Iraqi Dinar cannot continue at the rate it is at?

Sure, they want it to "return to previous" whatever that translates to. But apparently they don't need it to do such.

Explain why the waiting? Explain what they are thinking?

I'm not a Gypsy so I have no crystal ball.

I don't see any significant change, certainly not a $1 and up change at that....until they are actually extracting all that oil. It's in the ground right now. That's where our value is. Once it surfaces, so does our value.

Any rate above $1.00 will cripple Iraq. This is my opinion and a legitimate response to your question. Please don't engage in a "BS- they HAVE to do this or that" debate. The governments of Iraq and the US have a plan and all we can do is give our best "Guesses" as to what that plan is.

We have our opinions. I respect yours and I hope you can respect mine.

Cheers.

After the .19 fiasco, I believe the sky is the limit!!!

And what if they don't revalue before or after passing all these laws.

Then what......????

Originally Posted by Hardwood

And what if they don't revalue before or after passing all these laws.

Then what......????

Then, unfortunately, we wait some more my friend.

Originally Posted by Alphamystic

Then, unfortunately, we wait some more my friend.

That is exactly what I was trying to say.

All this "pressure" from us makes no difference to them. We can wish and wish and post highly intelligent posts about economics and "reasons why" they need to revalue their currency, but it isn't going to change things.

I think the facts speak for themselves.

Remember we are witnessing history in the making.

That is why this is called speculation. That's why I am here. To take the good with the bad and try to figure out what is going on.

In the end we will all win. I am not a naysayer, never have been.

Just that a lot of us have seen all this before and each new time has a different twist, that's all.

All I really want is Peace for Iraq. My heart goes out to them. I could not imagine being in any of their shoes (or sandles?).

Here Here Hardwood! It seems that none of us are too smart on this investment, b/c we don't possess it. THE ABILITY TO READ THE IRAQI'S MINDS. I on this gravytrain until the biscuit wheels fall off.

Originally Posted by graciewacies

After the .19 fiasco, I believe the sky is the limit!!!

You totally posted what i'm thinking today! I was gonna cash out at 1:1... but i'm not gonna satisfied thinking it could be .19:1. The more i thought about it the more i realized i'd be cheating myself if i cash out too low!!

Originally Posted by notazbad2000

Here Here Hardwood! It seems that none of us are too smart on this investment, b/c we don't possess it. THE ABILITY TO READ THE IRAQI'S MINDS. I on this gravytrain until the biscuit wheels fall off.

I agree, none of us can read minds. Their parliment seems to work faster than ours as they have had a lot to accomplish to grow a new national government, one which is truly foreign to them at that, and yet they really have accomplished a lot. JMHO. One thing they have down pat is the ability to use smoke screens to protect what they are actually doing. When everything is finished and one with, we will all be quite surprised. JMHO

Originally Posted by Hardwood

Who's to say it NEEDS to revalue at all?

Prove to me that the Iraqi Dinar cannot continue at the rate it is at?

Sure, they want it to "return to previous" whatever that translates to. But apparently they don't need it to do such.

Explain why the waiting? Explain what they are thinking?

I'm not a Gypsy so I have no crystal ball.

I don't see any significant change, certainly not a $1 and up change at that....until they are actually extracting all that oil. It's in the ground right now. That's where our value is. Once it surfaces, so does our value.

Any rate above $1.00 will cripple Iraq. This is my opinion and a legitimate response to your question. Please don't engage in a "BS- they HAVE to do this or that" debate. The governments of Iraq and the US have a plan and all we can do is give our best "Guesses" as to what that plan is.

We have our opinions. I respect yours and I hope you can respect mine.

Cheers.

As to why that NEED to reval, that's speculation but the fact that they WANT to return the dinar to the previous value (in fact to the value before Saddam has been stated) remains.

It is also FACT that IMF member nations MUST maintain the rate of their currency in a 4% range. What you are missing here is that they CANNOT increase the value to even $.01 after ascesion to the WTO, so, unless it is postponed the slow grow WILL NOT happen.

One last FACT is that a constantly changing currency, be it increasing or decreasing cause major problems in any economy and a catastrophe in an emerging economy like Iraq.

All I am looking for is a decent answer as to how they can get around both the IMF regulations and the problems caused by a constantly shifting currency value.

Thanks!