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

Originally Posted by Baja

What better way for the Iraqi people and GOI to say:

WE ARE ARRIVING!!!

You get these last laws passed...You get the remaining Big 3 to forgive the debt...You get the MAIN COMMODITY flowing in an upward BPD rate as the Kurds are CURRENTLY doing...And you SET THE CURRENCY...

The entire Country does NOT need to be rebuilt in order to move forward economically...

Tell you what, it would be "mint" if they could do it that way. I read elsewhere that the militia are threatening MPs not to sign the oil law. Moreover, there is huge issue of debt.

The nineteen member nations of the Paris Club have agreed to forgive 80 percent of Iraq's debt. The plan will reduce Iraq's total debt to the member nations to $7.8 billion, from the original $38.9 billion, over a period of four years.

The three-phase plan approved by the creditors calls for an immediate cancellation of 30 percent of Iraq's current debt, which will be followed by another 30 percent in 2005 (already done) upon approval of an economic program for the nation by the International Monetary Fund and 20 percent in 2008 after an evaluation of the effectiveness of the program.

Originally Posted by shotgunsusie

i continue to hear $3.45 which, of course, is on par with the neighbors.

gotta love these boys with egos!!

SS,

Like you, I have only reported a limited amount of the information that I have heard and can pass along. While I believe that the IQD will stabilize at its old rate or near that, a rally could put it much higher.

Was it ego that allowed men to walk on the moon? No, it started with a man’s dream that others bought into and pooled their efforts and one day in August the world heard, “One step for man. One leap for mankind!” I will admit that I have seen some men here that are a “Legend in their own minds!”

I find your reports helpful, informative, and useful. Even if the information is incorrect, or fails to come through it gives us an idea as to how others are thinking and possibilities to think of. It is the closed mind that wraps itself in the chains of despair and depression that become the receipt for failure.

Keep it coming girl!


DesertWolf

Originally Posted by breakeven

There's as much chance of pigs flying around the world in 80 days that this rate of $3.45 coming to fruition. Sorry to burst the bubble but currency does not fluctuate in such a manner. It is an economic impossibility to go from 1250 dinars to a dollar to 1 dinar equates to over 3 dollars. In time yes...but definitely not in the forseeable future.

A lot of people are discounting the debt issue here...the third and final chunk won't be relieved until the end of Dec 2008 according to an IMF report.

A quote from WWII, "The difficult we do today: The impossible just takes a little longer!"

So you're trying to tell us that this NEVER happened to the Kuwaiti Dinar? As I lived through it and learned my lesson I’ll keep waiting for the RV. There are many factors to play out, yet I still hold to the fact that it can RV and follow the near path of the Kuwaiti Dinar.

To prove my point, several of us are taking this delay in the RV to add to our stockpiles of IQDs. As a good friend of mine once said, “It’s not which Bank I’ll cry too, but which one I’ll buy!”


DesertWolf

Originally Posted by DesertWolf

A quote from WWII, "The difficult we do today: The impossible just takes a little longer!"

So you're trying to tell us that this NEVER happened to the Kuwaiti Dinar? As I lived through it and learned my lesson I’ll keep waiting for the RV. There are many factors to play out, yet I still hold to the fact that it can RV and follow the near path of the Kuwaiti Dinar.

To prove my point, several of us are taking this delay in the RV to add to our stockpiles of IQDs. As a good friend of mine once said, “It’s not which Bank I’ll cry too, but which one I’ll buy!”


DesertWolf

A lot of people have lived through the so-called event with the Kuwaiti Dinar and have provided conflicting reports. An event of such magnitude would certainly leave a trail of remnants for others to reference. There would be at least one reference point at the very least. Dealer sites, in my opinion, do not count as factual representations so I wouldn't even bother using them as anything more than spin. A detailed research on KWD prior to and after the Iraqi invasion does not corroborate to any of the claims being made. I stand to be corrected by a factual account from an independent source and not a dealer's website. Until such time, I will continue to believe the history of foreign exchange rates on various reputed sites.

Just out of the interest, the reval of the Japanese Yen, the Yugoslav dinar, the Chinese Yuan, and the Reichsmark all have relevant reference points for us to reference. I'm just keen on seeing a factual reference point for the KWD that's all!

I love hearing the "it can't reval overnight" crowd. You are correct...it has been 3 years already! So there will be no "overnight" reval. Just a return to the "actual" rate that is on the books with the CBI. No link JMHO.

I think that what I have been told is that once the HCL law passes that the Revalue will happen.
Can some one help find out about the HCL law over in iraq.
I would be curious to find out what and when the HCL law will be signed over there.
I also heard that the revalue has happened but it has not been annouced yet for what reason I dont know.
thanks

PS I like the idea that Desert Wolf has that he will buy a bank when this happens. Will you please tell me which one , because I would be interested to be a customer of his.

Originally Posted by DesertWolf

A quote from WWII, "The difficult we do today: The impossible just takes a little longer!"

So you're trying to tell us that this NEVER happened to the Kuwaiti Dinar? As I lived through it and learned my lesson I’ll keep waiting for the RV. There are many factors to play out, yet I still hold to the fact that it can RV and follow the near path of the Kuwaiti Dinar.

To prove my point, several of us are taking this delay in the RV to add to our stockpiles of IQDs. As a good friend of mine once said, “It’s not which Bank I’ll cry too, but which one I’ll buy!”


DesertWolf

Originally Posted by jpadrino

I love hearing the "it can't reval overnight" crowd. You are correct...it has been 3 years already! So there will be no "overnight" reval. Just a return to the "actual" rate that is on the books with the CBI. No link JMHO.

Agreed

Originally Posted by breakeven

There is no recorded event that suggests a fall and rise of the Kuwaiti dinar as propagated by many. I would, of course, be thrilled to bits to be privy to such info. A while back, I posted the exchange rates of the Kuwaiti Dinar during a 2 year period prior to and after the Iraqi invasion and did not see the changes that are being flogged to death by all and sundry.

You are correct as the Kuwaiti Dinar took many many years to rise substantially after Desert Storm. Iraq is on the same timeline path.

Originally Posted by DM0619

I think that what I have been told is that once the HCL law passes that the Revalue will happen.
Can some one help find out about the HCL law over in iraq.
I would be curious to find out what and when the HCL law will be signed over there.
I also heard that the revalue has happened but it has not been annouced yet for what reason I dont know.
thanks

PS I like the idea that Desert Wolf has that he will buy a bank when this happens. Will you please tell me which one , because I would be interested to be a customer of his.

You could use Yahoo Alert to keep up to date on the news on the Iraqi HCL and other related items as they are released. Just remember that most of this comes form the news media.

It was my friend that was looking at buying a Bank. I just want to take care of my bills, and a few playthings and enjoy life and help others without their knowledge to make their lives better and self-sufficient. BTW, I’m legally changing my name after the RV to D’Wolf so my straw sandaled relatives can’t find me!


DesertWolf

Originally Posted by breakeven

It would be beneficial if you could employ some factual analysis to support this $3.45 theory. While you have every reason to believe what you hear, history is less sympathetic to their eventual outcomes. I've seen this mentioned on another thread as well but sadly have not seen a basis to support such a figure other than hearsay. Thank you for your continued efforts to inject optimism and positive vibes on this forum.

ITS NOT A FRIGGIN THEORY, ITS A RUMOR THAT IVE BEEN TOLD AND IM PASSING IT ON TO YOU IN THE RUMOR THREAD. IF YOUWANT FACTUAL THEN HEAD ON OVER TO THE NEWS THREAD!!!