yet another new Question for Seaview

First Seaview, thanks for the posting you did on Page 6 of Latest News. I read all of the articles you posted on that page and was uplifted somewhat. Thanks. But what in Laymans speak does all this mean to our reval. Does this make it a closer possiblilty or years off, given the way the Iraqis do things and sadly business. The articles made it sound like real progress is being made yet can it be that all is just the talking phase as it were. Would love to know your thoughts thanks will check back to see your reply . Off to another twenty hour work day. Bet many of you thought when we bought this dinar that we would never be working twenty hour days LOL you got to.
benzboy

Hi Benzboy,

I'm not too good on currency exchange values, so I listen to those I believe are. Some believe that the pips may start moving again soon, possibly a rise of 7-10% in the next few months. It will be interesting to see what happens come October 1st, when dinars are suppose to be the currency of use only.

At some point this currency will either lop or I think take sometime to move on. I don't feel that it is a definite a lop will occur, but I do feel that if it does not lop then it will be a slow process.

We really need some laws passed. Investment Law, HCL and a few others. I think this is integral. It has just been confirmed that Iraq will be in receipt of the 1.8 billion dollar loan they were looking for from the IMF. This should go towards projects, reconstruction etc which is badly needed and can only be for the good. I read somewhere that the interest rate being charged is 1%. Now thats very attractive, if only we could all get a loan from our bank based on that. :blueh:

Ths next parliamentary sessions should be interesting. There is a lot of talks about passing of laws, but I feel they may hold out until after the elections. We shall see. Although, I think the ammendments to the investment law maybe pushed through in October. This would be very good news.

I am diversified in this investment. I have cash, account with Warka and am involved in the ISX. I feel this is the best possible position. Spreads the risk and as I have mentioned, I am not a currency speculator by profession so would not feel comfortable holding cash only.

I hope that helps. :ro_emote:

so what you are saying is that if we have millions in dinar's you would dump them for what the prevailing rate is now, then take the risk of a lop? or am I not understanding you correctly. Many of us are not invested otherwise in the country of Iraq except for the dinar we have purchased. Your thoughts?

I am saying that some feel the rate is expected to move in the coming months another 7 to 10%. So, hold and see how that plays. :smile: