Thread: "RollsRoyce . . . June 25 Tidbit!"

Originally Posted by EJAMM

I agree, mon amis!

The debt forgiveness seems to have been grossly miscalculated by the powers-that-be. The Paris Club was expected to trigger massive debt relief leaving the GoI with the lone task of getting certain laws passed...they have failed thus far. I believe many dinar holders will be sadly disappointed when the HCL passes with no immediate revalue/reversion of the dinar. SA, Russia and Kuwait have all taken a "wait and see" approach with Iraq. Do you blame them?

My thoughts

From my understanding, the debt that is left is not much of an issue anymore. What is the total debt that they owe?
Last I heard is was about 150 Billion? If this is correct they would be able to pay that off in a year or two when the oil starts pumping.

Originally Posted by EJAMM

I agree, mon amis!

The debt forgiveness seems to have been grossly miscalculated by the powers-that-be. The Paris Club was expected to trigger massive debt relief leaving the GoI with the lone task of getting certain laws passed...they have failed thus far. I believe many dinar holders will be sadly disappointed when the HCL passes with no immediate revalue/reversion of the dinar. SA, Russia and Kuwait have all taken a "wait and see" approach with Iraq. Do you blame them?

My thoughts

Well Iraq cut off its nose to s-p-i-t-e its face, didn't it?

I remember well the IMF was acting as a mediator for the Iraqis in settling its debt. After the Paris agreement, the Iraqis decided to make the future debt forgiveness a 'private' matter and that resulted in the IMF being distant in the camel-dealing that followed. The just recently we saw in the papers that the IMF were back in dealing with the Saudis etc and suddenly debt forgiveness was back in the news, with ref to the IMF.

If you remember the Iraqi MoF was stating countries were forgiving and the countries themselves were stating that they hadn't forgiven, which my opinion was blatantly obvious the Iraqis were screwing up royally.

With that understanding it was apparent that the ICI meeting was very anti-climatic as the Iraqis messed it up (again <whispers under my breath>)

It hard to tell when the RV would be best presented and implemented but one thing for sure, it would have to be for Iraq's sole betterment and nobody else's. But in view of the above debt fiasco, I am not surprised that there's a RV fiasco going on behind the scenes.

I guess it is really a question of, 'is there an rv?', as oppose to 'when is the rv?'

Wasn't it posted here a week or two ago that an RV was to have happened last September, but the U.S. convinced Iraq not to until security was more under control? Was that true? If so, then the debt forgiven at THAT time was sufficient. Wasn't the debt more then? Why would it be an issue now? Just wondering...

there were supposedly 4 loi. all have expired. no rv in the immediate future. none of the impending laws are dependant upon it. slow grow until 2008 elections-then maybe; i.e. bush legacy re eliminating us debt and paying for the war. the rv has nothing to do w/the iraqis...its beyond their control.

Originally Posted by lglwzrd

there were supposedly 4 loi. all have expired. no rv in the immediate future. none of the impending laws are dependant upon it. slow grow until 2008 elections-then maybe; i.e. bush legacy re eliminating us debt and paying for the war. the rv has nothing to do w/the iraqis...its beyond their control.

lgwzard...and nothing to do with any Rv has to do with anything that you have ever done or said....get a headband, clueless.....

Originally Posted by inquisitive1

lgwzard...and nothing to do with any Rv has to do with anything that you have ever done or said....get a headband, clueless.....

he never said anything to do with it, he said none of the laws depend on an RV

Originally Posted by inquisitive1

lgwzard...and nothing to do with any Rv has to do with anything that you have ever done or said....get a headband, clueless.....

this is the most unintelligible post i have ever read. i stand by my position.

Originally Posted by shotgunsusie

thats odd. i understood it completely.

Originally Posted by inquisitive1

lgwzard...and nothing to do with any Rv has to do with anything that you have ever done or said....get a headband, clueless.....

why the hostility in this post? has the dinar rv'd yet?

Originally Posted by SHIELD 464

exactly