Thread: A possible RV Date!!!

makes sense to me.

As soon as the HCL is passed. But not any sooner...

Originally Posted by ramplead

As soon as the HCL is passed. But not any sooner...

what do we know about those disscussions and or votes?
also do you believe that to be the final hurtle?,at least that is known about.

Originally Posted by readytogo

As I have maintained a few times before, the RV started a few months back. To see the rate we are all expecting to see in the form of an overnight RV, it will be at least middle of 2008 or late 2008 even. I've picked the following thoughts from someone else as I wish I could express the opinions in such a pragmatic manner!

Quote:
Oil in the ground and an RV have nothing to do with each other. The ISX and an RV have nothing to do with each other. The thought that an overnight RV will make everything better without anything to back the RV is not valid. An overnight RV of $.01 USD would most likely bankrupt the country at this moment, cause high inflation, and of course, a run on the CBI with speculators cashing out. The ISX will open to foreign investment without an RV. In the U.S.A., there have always been penny stocks but that didn't mean that those companies could be bought for pennies. In all actuality, the stocks you hold right now will NEVER be at these prices again. What we look at as 1/10 of a penny stocks will soon be trading at nickels, dimes, quarters, and eventually dollars. These companies did not put ALL of their stocks up for sale. Each company or bank has millions and millions of shares in their possession which will go up in value with your shares. This is nothing new - Vietnam and Zimbabwe both had stock markets that started like this, both have currencies with horrible exchange rates (Vietnam undervalued), and yet, their stock markets opened to foreign investors without a RV. With all the prosperity Vietnam has had with their stock market (and economy), they have still NOT had any RV - why, because in their own words - they are trying to keep a tight grip on inflation.

I would like so more input on this please.

This scenario has occurred to me before. What about the other countries that have a very low exchange rate and are still able to have an open stock exchange w/o being bought up by foreign investors?

How is Iraq different?

The goal of returning to previous value by 2010 and the goal of 1260:1 already being reached and the 1000:1 goal keep coming back to me. Could they possibly be on the up and up with these statements?

If anyone could refute the above quote it would be very welcome. I know this has been rehashed again and again, but what will once more hurt?

I do trust those on this forum who are way more knowledgeable than myself,(which is just about everyone here) but am in need of more encouragement for a soon to come rv. I love the rumors, but facts sure are nice and reassuring.

Ok here is my take for better or worse:

As for as the ISX well I cannot answer but as for the low exchange rate well that's another issue.

Well I would have to conclude that someone forgot to inform to MOF of IRAQ on this ideology, since he publicly states the contrary [concernning the low exchange rate].

This notion is opposed to the IMF article IV tenets of fairness in exchange rates. Such a rate would destroy the economies of Iraq's neighbors and further fuel insurgent activity in the region.

Plus you cannot compare Vietnam to Iraq at all. Vietnam wants a weak currency for reasons as cited however an oil producer has not the same limitations. Iraq's commodity has no competition. Iraq is a 95% oil export economy. The world needs it and will pay the price whatever it is... this why all oil producers in the ME have expensive currencies [Saudi has a different monetary system than the other oil producers and Iran is a highly sanctioned economy]

All thousand fil monetary systems are over a $1.40 except for Iraq who is still under the program rate. As most already know this rate was established for the purpose of monitoring the current program in Iraq.

This is why announcement by the IMF of article IV discussions [end of April/ mid May] is so exciting since it mentioned the ending of the said Program. Ending the program also means ending the rate to monitor it. Very exciting.

I've said it before Iraq in the mid eighties $14.00/ barrel oil supported a currency of over $3.00. Even though today the amount of oil produced is a million barrels a day less than back then the price of oil is 2.5 times greater in real dollars therefore the monies gained is greater now than back then....oil in the ground and price per barrel have a lot to do with it. In fact the IMF has a listing of commodities on a form for supporting a currency that includes [gee who would have guessed it] OIL. Like I've said, interesting factual oddities...

Originally Posted by wciappetta

Ok here is my take for better or worse:

As for as the ISX well I cannot answer but as for the low exchange rate well that's another issue.

Well I would have to conclude that someone forgot to inform to MOF of IRAQ on this ideology, since he publicly states the contrary [concernning the low exchange rate].

This notion is opposed to the IMF article IV tenets of fairness in exchange rates. Such a rate would destroy the economies of Iraq's neighbors and further fuel insurgent activity in the region.

Plus you cannot compare Vietnam to Iraq at all. Vietnam wants a weak currency for reasons as cited however an oil producer has not the same limitations. Iraq's commodity has no competition. Iraq is a 95% oil export economy. The world needs it and will pay the price whatever it is... this why all oil producers in the ME have expensive currencies [Saudi has a different monetary system than the other oil producers and Iran is a highly sanctioned economy]

All thousand fil monetary systems are over a $1.40 except for Iraq who is still under the program rate. As most already know this rate was established for the purpose of monitoring the current program in Iraq.

This is why announcement by the IMF of article IV discussions [end of April/ mid May] is so exciting since it mentioned the ending of the said Program. Ending the program also means ending the rate to monitor it. Very exciting.

I've said it before Iraq in the mid eighties $14.00/ barrel oil supported a currency of over $3.00. Even though today the amount of oil produced is a million barrels a day less than back then the price of oil is 2.5 times greater in real dollars therefore the monies gained is greater now than back then....oil in the ground and price per barrel have a lot to do with it. In fact the IMF has a listing of commodities on a form for supporting a currency that includes [gee who would have guessed it] OIL. Like I've said, interesting factual oddities...

Prediction:... No Revaluation!!..Will Return to Official Rate of $3.22.. No 85% Agreement of IMF members needed!!! JMHO

Time will tell

Thanks to all those who are turning this into a great discussion. I take the liberty to borrow this line from someone else as well, "They do not have enough money to back a significant RV and "oil in the ground"will never be exactly the same as "money in the bank"

don't forget the new estimates of natural gas!

Originally Posted by breakeven

Thanks to all those who are turning this into a great discussion. I take the liberty to borrow this line from someone else as well, "They do not have enough money to back a significant RV and "oil in the ground"will never be exactly the same as "money in the bank"

don't forget the US is holding conexes of dinar,kinda like china is holding the dollar. i think this is to try to limmit whatever effect speculators will have in the future.
just a thought for consideration.
thanks.

QUOTE: Bubba Dinar
Prediction:... No Revaluation!!..Will Return to Official Rate of $3.22.. No 85% Agreement of IMF members needed!!! JMHO

I have a question. How do they return to $3.22 without a revaluation? The 2 statements "No Revaluation" and "Will Return of Official Rate of $3.22" seem to contradict each other.