Thread: Rates, Dates, & Fates.

Originally Posted by EJAMM

You need to understand the IMF policies. First, the CBI would need to submit a Letter of Intent stating the desire to move away from the exchange rate/"defacto peg" and secondly, regardless of whether they are moving to a previous rate or not the CBI is setting a par value for its currency. Under Schedule C of the Articles of Agreement the par value would indeed need 85% approval of the member countries.

What are the chances that 100% of the officials, employees or anyone else with knowledge of such a vote, in ALL of the member countries, would keep this info secret?

I think it's impossible to prevent any leaks.

With today's advanced communication mediums, I believe they will need to find an alternative method for agreeing to a rate adjustment.

Just thinking outloud.....

Originally Posted by EJAMM

You need to understand the IMF policies. First, the CBI would need to submit a Letter of Intent stating the desire to move away from the exchange rate/"defacto peg" and secondly, regardless of whether they are moving to a previous rate or not the CBI is setting a par value for its currency. Under Schedule C of the Articles of Agreement the par value would indeed need 85% approval of the member countries.

Just curious to know SGS's view on this...

Originally Posted by ChiefWealth53

Chill out dude! Keep givin' your opinion and "Don't worry, be happy!"

I am Chilled, I'm not a dude - I don't worry and I am happy.. My point to jpradino was very clear and I meant it.

Originally Posted by michaeljordan

Just curious to know SGS's view on this...

considering we wouldnt be privy to the ifs ands or buts of what has been submitted and what hasnt we cant make a valued judgement on whether they have or havent been submitted. therefore, both arguments are as valid as the next, it is ready and its not ready.

yes, these things must be done but im not sure any of us would know whether it was done, when, etc. weve heard rumblings in the past of letters of intent and dates but thats what they all are, rumblings.

with all the assistance and pressure from the usa toward baghdad i would say dubya is not willing to let them delay this one. and im sure they know what must be done for the revalue before its announced so i would think if they are intent on this being it they would see to it that those things were all completed.

Iraq: Letter of Intent

Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding
February 23, 2007

http://www.imf.org/External/NP/LOI/2007/irq/022307.pdf

5. We have tightened our exchange rate and monetary policies to fight inflation. The
exchange rate of the Iraqi dinar was pegged to the U.S. dollar through most of the year at a
rate close to ID 1,477 per U.S. dollar. From mid-November this policy has been adjusted to
permit a gradual appreciation of the dinar; the daily auction-rate declined to ID 1,325 per
U.S. dollar at end-December and reached ID 1,290 per U.S. dollar by end-January. Net international reserves continued to grow and reached a level of $15.3 billion at end-
November 2006. The CBI also raised its policy interest rate to 16 percent on November 12,
2006, and further to 20 percent as of January 7, 2007.

Originally Posted by DinarDevildog

thanks for the memory, i was there... those storms were something to see in person........ Al ASAD..

bring on the RV PLEEEEEEEEEEEEASE..WOOT

Originally Posted by crave681

now add a kevlar helmet, body armor, boots , rucksack, weapon, AMMO for the weapon (one of the worst weights) and other equipment... PLUS a camelback for hydration (which lasts about an hour so you have to have more water in your area too).... but yeah the oil workers are suckin too... no pay and soldiers get paid and have a support system.

I'm feelin ya guys. Thanks for going. So, many U.S. citizens really don't understand the day to day drudgery of operating in that kind of environment while trying to help others and not get killed. It says a lot that you guys and the rest of our soldiers were and are willing to put up with it. It is one thing to get the shorts and sandals on and head out for a 1 to 2 hour fun session before heading back to the comforts of home here in the States, but it is a whole other experience to endure those kinds temperatures and environments with full gear, ducking for cover while your shorts feel like they are filled with sand. Thanks.

Originally Posted by Spoiledred

Notazbad, Did the Sandstorm look something like this? You need to get your Sand Board and hide in side. This picture is from the sandbox, you know where that is! when I was in high school I went with my uncle and grandma to White Sands New Mexico and had fun sliding down the hills on waxed cardboard.Attachment 625 RV high rate soon!

Been to White Sands many times as a kid, and now I get to take mine. Got three sleds in the garage to go sand sledding (it is actually gypsum sand not silica sand common to most beaches, nice and powdery soft). It is fun to stop there during the winter when there is snow on the dunes too. I was just looking at some home video at White Sands of my middle son when he was about 3 years old. In the video I was trying to get him to say the name of the town that is near White Sands, which is Alamogordo. I laugh every time I watch him say Addamogordo in his little 3 year old voice. It always is a good time to stop, have a picnic and enjoy the wide open scenery around White Sands. It is kinda funny how people drive on by the park on the highway and never even know it is there. They really don't know what they are missing.

Been lurking for a long time after hearing of rumors in the $3.50 neighborhood from sources. Hoping to see a Happy 4th of July.

Originally Posted by Seaview

My post was an opinion regarding a reval at $.322. This particular thread asked for predictions and is about opinions not rumours. I am quite within my rights to state it according to the strict new TOS imposed.

Bearing in mind the foul mouth you have bought to this forum in the past I don’t believe you have any right to sit in judgement.

Should you choose to criticize my opinion in the future just because you don’t like it with little or no substance pertaining to it – you are in breach of the strict TOS imposed and I’ll report you to the mod’s myself.

Be the hall monitor if you want. You know what your intent was. So here's my opinion: once the IQD revals, you're gonna kick yourself that you didn't buy more. And please put me on ignore!

Originally Posted by RetMil

The leaders of the strike were promised some jail time if the strike took place. The creating of the committee was eye wash so outsiders would not claim the government was being heavy handed. 200,000 aks' vs. 50,000 pipe wrenches does seem to be a little one way, doesn't it. Also remember the crime bosses also depend on the oil. It has to be out of the ground before they can steal it. (lol)

It would appear the outcome is predetermined.....lol

Originally Posted by HappyDinar

Been lurking for a long time after hearing of rumors in the $3.50 neighborhood from sources. Hoping to see a Happy 4th of July.

I think i would truly be speechless if that rate were accurate right off the bat.

Welcome!