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It is not necessarily your legit questions, it is the tone in which you ask them.
Based on my observations of your responses, your tone (with all due respect) is arrogant, condescending, and a bit on the smart-alecky side.
If you perhaps rephrased your responses in a polite and non abusive tone, you would not get such rude responses. (IMHO)
Thanks for reading.
this is the rumor/PREDICTION section... when one speculates, he is predicting the outcome of a given event. Granted, saying "needs" is only his brand of speculation, but he is entitled to it. Theres no silver bullet link that says CBI will rv next thursday. Perhaps someone's sources will be correct one day tho. Until then, keep the posts as respectful of others' opinions , theories , assumptions , and postulations as possible. OR ELSE!:nunu: :wink:Quote:
Originally Posted by ATMCSMD
of course he is, thats the point!!Quote:
Originally Posted by bultn
What's this thread about anyway?!! Looks like another thread has unwittingly meandered through aimlessly to a pile of conflicting opinions on anything and everything. I'm beginning to doubt if anyone has real sources as most of the so-called info is appearing at least a day or two before in the media ;-)
if they dont then the contracts are signed at the present rate of the dinar. seems rather pointless when they wanna make money doesnt it??Quote:
Originally Posted by ATMCSMD
One point which comes into my mind is if they do not Revalue the dinar prior to the ISX opening, even with restrictions, and limited days, it would be a very slow growth period for those doing the investing, and the drive to invest in Iraq, IMHO would die very fast.Quote:
Originally Posted by ATMCSMD
Big investors want to get in make a killing and move on, not to sit around and invest in a stock market that is paying 1235 dinar to a dollar.
Remember though that is just an opinion.:smiley:
ATMC enjoys being confrontational, as he always was in th SI forum. It could be looked at as a good or a bad way to be. Take your pick.
It's worth remembering that no one knows diddly squat about when it might rv or if at all...forget about reliable sources altogether! It's all about putting forth opinions based on one's own line of judgment. Only time will stand testimony to our theories. Good luck to one and all.Quote:
Originally Posted by ATMCSMD
Doesn't it boil down to which currency the dinar is pegged to? If it's the dollar, couldn't they just quote in dollars? Would appreciate an explanation as I cannot seem to get my head around it...Thanks in advance.Quote:
Originally Posted by shotgunsusie
We do know that there was a good value to the IQD before the war. We know that the GOI needs to RV and a number of reports from Iraq have stated that there are those that want the RV to come in at the old value to even a higher rate.
The only three things we don’t know are, date, count, and amount! So why sweat it?
DesertWolf
Fair enough but the rate that Saddam set was an artificial rate that was only valid in country, wasn't it? If it does rv, there's more chance of it going back to the value just before it went downhill i.e., 0.31 cents...Quote:
Originally Posted by DesertWolf
that is a very real and plausable possibility!Quote:
Originally Posted by breakeven
its common sense to me, selling a stock at a rate of .0008 as opposed to 1.20 or higher seems rather pointless when you are trying to establish an economy. we also have the pension law which is being amended which has the rate as a definate must as we have all concluded as well. and to establish an economy with a dinar that has no purchasing power is like pourin water into a bottomless jar.Quote:
Originally Posted by breakeven
the issue comes about when everyone wants it to have happened when it was PROPOSED to have happened and for some reason a war doesnt operate on a time schedule very well. if it could have been pre-determined what all the different gangs were gonna do next then we could have skipped this forum all together and came back on the sure date.
that is .31 dinar to the dollar which is 3.+Quote:
Originally Posted by breakeven
the rate that saddam had set had always been said to be false but since that time the gold that backed all of the dinar at that rate has been discovered in switzerland which means that his rate was very much supported and was closer to the real rate than has been suggested.
Interesting,Quote:
Originally Posted by breakeven
The rate when set by Iraq under Saddam was a valid rate given the expert opinions of the best economists at the time, so it was never an artificial rate, it was simply an unrealistic rate given the embargo and trade restrictions applied by the free world. Some seem to think Saddam pulled the figires from a hat, and this is not true.
It was an accurate rate calculated as would be done with any other country in the region with similar assets and reserves, but Saddam's actions of aggressive behavior against its neighbors is what devalued rate in the eyes of all but those directly inside Iraq.
Sure will be interesting to see what the figures will finally be restored to, but as I have said all along, I don't expect to see more than .32 to each dinar at start, and then it will all depend on the infrastructure and how quickly oil production is ramped up, as well as where oil prices are per barrel.
Good luck and health to all, Mike
sssshhhhhh..... http://bestsmileys.com/whisper/2.gifQuote:
Originally Posted by Offshore-Wealth.com
How you can get all that from written words on a computer screen is beyond me.Quote:
Originally Posted by Din Diesel
It's your tone the tone is all wrong. Gert B. Froe from Joe Dirt.
so are you saying that 1 NID will possibly get you 3+ USD!Quote:
Originally Posted by Offshore-Wealth.com
No, what OSW is saying is, he has always and still is hearing .32 for the dinar. Which means from what he is and always has heard is that each dinar from the start, can be worth $0.32 each Dinar. So if you had a million dinars and his info comes to reality, it would then at the start be worth $320,000.00 per million.Quote:
Originally Posted by screwball
Quote:
Originally Posted by neno
I wouldn't have a problem taking that to the bank.
When myself and a few of my fellow airmen where trying to figure a strategy for this investment we came across an idea that we thought could get us straight for the rest of our lives. If possible we would invest enough that if the dinar rv'd at $.10 we would be millionaires. That's' what we did. Anything above $.10 is real gravy.
This is where people get confused about the mathmatics of this whole thing. When one mentions -just as an example - an RV of approximately 3 to 1, it gets confusing as to which is worth the "$3" and which is worth the "$1".
I've heard about equal amounts of speculation for both sides of the coin. However, I did hear it mentioned that there was a desire to have the NQD RV at a similar rate compared to it's neighboring countries. I've researched that... (sorry if I'm wrong, but it's the info I gathered), 1 Kuwait dinar is worth $2.97 USD. This would explain the 3 dinar (approx.) for $1 USD that we've been hearing from some. Others say 3 dinar to 1 US, which would explain the RV speculation at just over $0.30 as mentioned in the post above.
Perhaps I'm evaluating my information incorrectly, but it seems the more I read, the more confusing it becomes.
I don't mean to undermind neno and OSW for their information, but could someone please clarify for me the rate of the Kuwait Dinar and either confirm or deny my view on it's value in USD ... and also the value of the Iraqi Dinar value prior to 2003?
Thanks to all who attempt to clear this up for me.
Kerry
You Planed well. OSW was my mentor as for the stradigy he put forth. But, after the first million cashed in, he has always mentored the group to not cash all in. I agree with him totally for the future of the dinar, or unless it does come in high or rises high quickly. Then I am out just as quick as well. It is good to have a stradigy in anything. Good for you and your bud's.Quote:
Originally Posted by RetMil
Quote:
Originally Posted by bronco
All is good, thanks for you imput. I ran this and the dates at XE.com - The World's Favorite Currency Site Hope this helps.
Kuwaiti Dinar as of Today June 19, 2007 is: XE.com - Interactive Currency Table
USD United States Dollars 3.4715845847 0.2880528979
Iraqi Dinar Value as of March 1, 2003: XE.com - Interactive Currency Table
USD United States Dollars 3.2164683178 0.3109000000
Prior to 2003: December 31, 2002 Same: XE.com - The World's Favorite Currency Site
USD United States Dollars 3.2164683178 0.3109000000
Bronco,
I just checked and the Kuwaiti Dinar is rated at 1 Kuwaiti Dinar to $3.4709 USD. In short if you turn in 100 Kuwaiti Dinars you will get $347.09 USD.
Hope this helps…
DesertWolf
Is this your SPECULATION or is there any hard evidence(link or news report) that switzerland has large amounts of gold in holding that belongs to the nation of iraq? I have heard of something like this before in the past but was it ever proven or was it hearsay?:thumbsup::ro_emote:Quote:
Originally Posted by shotgunsusie
There has been articles of the finds, along with even more in other countries. If you search the old Iraq/Dinar News threads, you will find them. Asfar as if they were used to back Sadam's rate, I dont know that one, or if they were just out of country stash's he had that have been discovered. But there is alot of Gold that has been discovered. Reports never really clarified that.Quote:
Originally Posted by dinartank
Quote:
Originally Posted by bronco
History of Iraqi Dinar
1932-2005
http://www.dinarindex.com/dinarhistory/4514781538
Thanks putsy..That should do it.... :ro_emote:
After reading the link you provided, it shows a different rate in October of 2003 of 0.00027 than the 0.319????????? for March 2003 link I used: XE.com - Interactive Currency Table I am wondering if this is where the Sadam default rate come from. Very Interesting, since this is my first time to see this. Thanks Again.Quote:
Originally Posted by putsy
The Potential of the Dinar
Prior to United Nations sanctions, the Iraqi dinar traded at 3.35 per U.S. dollar, and prior to the war in Iraq, the Iraqi dinar traded at .33 U.S. Dollars. During major combat operations, the Iraqi dinar declined to an all time low. However, after major combat operations, the value of the dinar increased 25%. Countries such as Germany (post WWII) and Kuwait (post Iraqi invasion) experienced a similar devaluation of their currency, but both countries recovered. Today, the dinar has increased from 3,500 against the dollar during the U.S. led invasion last year to 1,400 against the U.S. dollar. Imagine the growth potential of the Iraqi dinar once Iraq recovers and begins to enjoy the potential revenue of a country rich in oil and other natural resources.
The New Iraqi Dinar Banknote
Today, De La Rue, the world’s largest commercial security printer and papermaker based in Great Britian, prints the new Iraqi dinar banknote. The new Iraqi dinar banknote has various security features making the dinar very difficult to counterfiet, and the dinar banknote is now available in 50, 250, 500,1000, 5000, 10000, and 25000 bills. With the re-building of Iraq’s infrastructure and with the prospect of stability at hand, the Iraqi dinar is quickly becoming a very attractive investment opportunity.
The time to invest in the Dinar is now!
Dinar History
1932 Currency unit consisting of 1,000 fils or 20 dirhams. When officially introduced at the end of the British mandate (1932), the dinar was equal to, and was linked to, the British pound sterling, which at that time was equal to US$4.86.
1932–1949 Iraqi dinar (ID) equaled US$4.86 between 1932 and 1949 and after devaluation in 1949, equaled US$2.80 between 1949
* –1971.
1959–1967 Iraq officially uncoupled the dinar from the pound sterling as a gesture of independence in 1959, but the dinar remained
* at parity with the pound until the British unit of currency was again devalued in 1967.
1971 One Iraqi dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began.
1973 Upon the devaluation of the United States dollar in 1973, the Iraqi dinar appreciated to US$3.39.
1980 It remained at this level until the outbreak of the Iran-Iraq War in 1980.
1982 In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation de****e mounting debt.
1988 In early 1988, the official dinar-dollar exchange rate was still ID1 to US$3.22; however, with estimates of the nation’s inflation
* rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar’s real transaction value, or black market
* exchange rate, was far lower-only about half the 1986 official rate.
1986–2003 1986–2003 between .33 cents to 1.32 to a dollar.
2001 Oil-production: 2.452 million bbl/day (2001 est.); note — production was disrupted as a result of the March -
* April 2003 war (2001est.)
2002 GDP: purchasing power parity — $58 billion (2002 est.)
2002 Exports–partners:US 40.9%, Canada 8.2%, France 8.2%, Jordan 7.5%, Netherlands 6.4%, Italy 5.4%,
* Morocco 4.7%, Spain 4.4% (2002)
2003 In october 2003, the official dinar-dollar exchange rate was ID1 to US$0.00027.
2004–2005 August 2004 till 2005, the official dinar-dollar exchange rate is ID1 to US$0.00068. Population: 25,374,691 (July 2004 est.)
Positive Changes in Iraq
$0.31= 1 dinar was never a rate for the dinar. It was a mistake mae by someone long ago when they saw .31 dinar= $1 and somehow seems to have propagated across the dinar community as a pseudo fact.
Just to make it clear $0.31 WAS NEVER A VALUE OF THE DINAR IN THE PAST therefore it is insane to think they could return to this rate or that this rate would in anyway be a target value.
If I am wrong please show me the rate on any forex chart and not from some dealer site.
Thank you.
GD
Quote:
Originally Posted by neno
You're welcome. Just found it in a search awhile ago on dogpile.com. Had never seen it before this. :smiley:
The Potential of the DinarQuote:
Originally Posted by GerttiDinar
Prior to United Nations sanctions, the Iraqi dinar traded at 3.35 per U.S. dollar, and prior to the war in Iraq, the Iraqi dinar traded at .33 U.S. Dollars. During major combat operations, the Iraqi dinar declined to an all time low. However, after major combat operations, the value of the dinar increased 25%. Countries such as Germany (post WWII) and Kuwait (post Iraqi invasion) experienced a similar devaluation of their currency, but both countries recovered. Today, the dinar has increased from 3,500 against the dollar during the U.S. led invasion last year to 1,400 against the U.S. dollar. Imagine the growth potential of the Iraqi dinar once Iraq recovers and begins to enjoy the potential revenue of a country rich in oil and other natural resources.
Dinar History
I guess it is a Dealer site. Just never seen it before...But that statement is true. I will find it tomorrow and bring it here.
Quote:
Originally Posted by neno
Thank you, it would be very much appreciated.
I am starting right here: Iraqi dinar - Wikipedia, the free encyclopedia Help :ro_emote:Quote:
Originally Posted by GerttiDinar