Thread: A possible RV Date!!!

Originally Posted by lewscrew

My guess would be that the pension law was not inacted
when it was suppose to be, as well as some delays with some of the debt
issues.
It only takes one person to delay something and they are not to good at
working as a team just yet but they do seem to be getting better lately.
Even oldskiier is thinking this weekend! Can't wait to see what happens.

lewscrew

Just remember Article 73 I think it is, about enacting New Laws. That is if they go by their own Constitution.

Originally Posted by neno

Just remember Article 73 I think it is, about enacting New Laws. That is if they go by their own Constitution.

Thanks Neno!

Originally Posted by Airborneog

Its been nice without the woot and wooting in the last week or so. But hopefully SGS is right this time with the rv before the or on the 24th. I'm not tring to be negative, but just realistic. It will happen and when it does I believe NONE of us will have a clue of the exact date and the amount. But I'll still be happy as I'm runnning to the bank.

Airborn,
I tend to disagree. I have been involved with the IQD for about 13 months spending a 1-3 hours every day reading here and other places. At least 80% of the time for the past year some of the "experts" here (and elsewhere) have said it will RV this week, or next week for very logical reasons (this or that law being passed, that article saying something, ect, ect.).

We have a lot of very smart people here trying to put all the pieces of the puzzle together. They will be right soon (hopefully).

Best to all,

Dinarstars

That makes them opinions not rumours. Just because a Law passes doesn't mean the Iraqi's are ready make any kind of bold adjustment - so at best they are not even predictions just 'guesses'. But that's just an opinion.

Although I do think that if/when there is any kind of 'bold adjustment' there will be leaks, probably at short notice - mainly because any Country that makes a significant change to their currency, for whatever reason - has to issue 'Notices' to major financial institutions around the World - as I was led to believe. Although I'm sure someone will correct me if that is wrong.

Originally Posted by shotgunsusie

youre gonna have your fiftieth in grand style, get a passport and pick a continent for dinner, my treat!!!! you will be a rich woman before your birthday comes ducky dear!!

Ducky's birthday June 24th? Rv before then? Thats odd, I heard a rumor that the dinar would not rv until after September....possibly long after. Well you have 14 more days on your info...I feel certain something will arise to "delay" your scenario...good luck.

Does anyone really know what the hold up is? Just what is left on the shopping list before the IQD is put on the shelf for all of us to enjoy? Just how high is up?

Sorry about that last one, got carried away there….


DesertWolf

Hopefully soon. Well's heres to the 24th. Maybe they will finally get everything done.
Thanks
LIT

SGS, Good to see your post. I just lurk around and read most of the time. What a great place for Higher Learning... You always tend to brighten up this Dinar section,, Hope you are well and look forward to toasting you and the other great folks on this forum as we get back from the bank. Ooops, got to make a coffee run.

Originally Posted by DesertWolf

Does anyone really know what the hold up is? Just what is left on the shopping list before the IQD is put on the shelf for all of us to enjoy? Just how high is up?

Sorry about that last one, got carried away there….


DesertWolf

Debt relief and foreign investment.

Side by side comparison is indeed interesting.

Foreign reserves:
1980 - $35 billion
2007 - $21+ billion

GDP per capita:
1980 - $3,375
2007 - $2,900

Oil Production:
1980 - 3.5 mbpd
2007 - 2.1 mbpd

Oil reserves:
1980 - 115 billion barrels
2007 - 300 billion barrels (estimated)

External debt:
1980 - ???? (estimated at less than $5 billion)
2007 - $140 billion (approximate)

My thoughts

Originally Posted by oldskiier

Ok , they are at 2/3 of what they were...why isnt the dinar at 2/3 of what they were.....I'ld Take 1:2 USD.....?????

Massive debt and imports exceeding exports...thats why the need debt relief and fdi.