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Posted 14 February 2012 - 09:33 AM
Posted 14 February 2012 - 09:34 AM
Your obviously ignorant to what's going on here. That LOP theory was proven past history last year. Now you might make some money with your 100 dinars. HaYep.
Posted 14 February 2012 - 09:38 AM
Well hells bells, according to the hype and Guru's the new money had been printed and had been distributed to the southern central banks Imagine that.As the world turns we wait. As to this they haven't even started the first phase.
Posted 14 February 2012 - 09:44 AM
Peoples opinions should be respected regardless of view if presented in a respectful manner.Best to all
Posted 14 February 2012 - 09:51 AM
Posted 14 February 2012 - 09:54 AM
Peoples opinions should be respected regardless of view if presented in a respectful manner.Best to all
Posted 14 February 2012 - 09:55 AM
I guess you are...LOL. Why all the negatives? Damn can't even make a joke on this site anymore. To many kids just don't understand the difference.So, who's going to make the first "it's all smoke" post?
Posted 14 February 2012 - 09:56 AM
Posted 14 February 2012 - 09:57 AM
Well the only way that people will be respectful on this site is if you lie to them. You can't talk about the possibility of a LOP or a RD because if that happens, they would be wrong and we can't have that. So it's best to tell them what they want to hear and watch them run with it.Great point caz1104.. we are in complete agreement on this one. Key to a good discussion where all points can be put out there for folks to see and make their own determinations is being respectful of one another's opinions.. great post by you here
Posted 14 February 2012 - 09:58 AM
Yota & Dinar Dana,And here a Link to Moving to a Flexible Exchange Rate How, When, and How Fast? Link provide by DinarDana
http://www.imf.org/external/pubs/ft/issues/issues38/ei38.pdf
Posted 14 February 2012 - 10:11 AM
Yota & Dinar Dana,
Thanks for the great read. It is very educational, and from what I can comprehend Iraq is being forced rapidly into a change of monitary policy due to ME regional crisis. The article suggests that a 1-2% narrow adjustment like the one we have witnessed 1170-1166 will last for 3 months before an exit to a market floating system. The rapid pace of banking conformity is part of this exit and we are witnessing IMF policy's in action. If my conclusions need tuning please chime in fellow DV's
Posted 14 February 2012 - 10:27 AM
Posted 14 February 2012 - 10:31 AM
That is correct unfortunately. There are some "gurus" out there that are supposedly not rate-n-date guys that have absolutely insisted that the notes are already printed and have been saying that for a year not at least.. and have even gone as far as to state they even saw a pic of the notes, but never produced that picture. I have debated this issue with the pumpers for at least a year now that they have not printed the notes yet, and this is just another indicator that they have not yet done so. I would love to see evidence that they have though that would contradict this quote from the CBI.
Posted 14 February 2012 - 10:34 AM
Seriously. your painting everyone with such a broad brush. most know what a rd is. Most know what history has been as deleting the zeroes. most have seen the cbi financials. no disputes. A lot of people dont believe the numbers or these articles. if there was to be a rv, the cbi will disguise, mislead, and discourage speculation. thats what most people believe is happening. there is more than one way in iraqs case, to delete the three zeroes. The cbi has stated the currency is backed by more than100%. they can move the rate, but they havent. inflation is a problem. the opening of the 2012 budget will cause more inflation. Theres many reasons to rv, yet the lopsters want to believe every single word in these articles. these articles could be purposeful distortion by reason. its so amateur to have every discussion to where some lopster wants to recite the definition of a rd, every article. Most hear are further advanced and are tired of the recital of rd. we get it. if you want to convince everyone what a lop is, go to the lop section. pleaseWell the only way that people will be respectful on this site is if you lie to them. You can't talk about the possibility of a LOP or a RD because if that happens, they would be wrong and we can't have that. So it's best to tell them what they want to hear and watch them run with it.
Posted 14 February 2012 - 10:37 AM
Posted 14 February 2012 - 10:39 AM
Thanks for the info. Good stuff.. I am not convinced that Iraq would go to a free float in my opinion, as I believe that rate stability would be important to them. I think that a managed float would be their best option since the confidence in their currency will be important as an emerging economy, but you brought up something interesting to think about at least. I would like to see continued small adjustments making a slow rise to where we would love to see this currency be!
Posted 14 February 2012 - 10:44 AM
Why, do this to yourself?? Your enticing people on purpose. is it an attention thing??
Posted 14 February 2012 - 10:57 AM
You debated a RD with every article that has something to do with zero's JayP, you have Flop out your Historian links. Now you state your not convinced that Iraq would go to a Free Float, well I got thisThanks for the info. Good stuff.. I am not convinced that Iraq would go to a free float in my opinion, as I believe that rate stability would be important to them. I think that a managed float would be their best option since the confidence in their currency will be important as an emerging economy, but you brought up something interesting to think about at least. I would like to see continued small adjustments making a slow rise to where we would love to see this currency be!
Posted 14 February 2012 - 10:58 AM
Darin,If I recall correctly, there was an in-depth interview with a U.S. official that helped plan, prepare, & execute the exchange of old regime notes to the current IQD that many of us hold today. In this interview, I believe to recall that the official mentions 16 demoninations were printed. This is the reasoning for how many believe the LDs have been printed since the initial release. If we were to think logicially, it may be wise to have printed lower & higher denominations than what they released to prepare for market fluctuations. So, this may include 50k & 100k notes & also other lower denominations. It may have made sense to be prepared, so they printed additional currencies if need be.
So, could the CBI hold additional denominations that are not currently in circulation? I would believe so... But here is the problem with introducing the 'next' new currency. According to their constitution, they need a currency that has all three languages on it. So, basically speaking, what the CBI may have held since 2004 does not meet the requirements of the constituion. Solution? Re-print the currency... Could they have co-existing lower denominations where maybe one set has the 2 languages & another set has the 3 langauges? I think it would be possible as long as the 2 language set was being removed.
It sometimes is hard to dinstinguish fact from speculation. I think our best bet is to seek facts from sources that are not aligned w/ that region. Suggested entities to research information would include: IMF, UN, WTO, BiS, WB, etc. Now the documents they submit to the public eye are normally complex and gives us more to read, but I would feel more comfortable trusting that document over media articles.
Posted 14 February 2012 - 10:58 AM
I think the surrounding areas may have a larger impact on the strength of their currency. If people create a run on the bank for the dollar, it could pose issues for supply/demand. It takes a strong & stable economy to support a free float system. I believe only a few countries follow that system which include the U.S., Japan, and Europe. Managed would help maintain stability while still allowing the market to decide the value. With their moments of instability, this would be the wise choice to pursue, therefore I agree.
I also would like to see continued small adjusting increases, but from what their history has shown us is that these movements are far & in-between. It appears that they have no desire to drvie the value up even in the long-term project. If they were maintaining 1170 for 3 years their first movement is only 4 pips, that is not anything significant. If we had to wait another 3 years for 4 pips, this would be a hard investment to profit from. I believe another member had posted how their CBI performed rate adjustments, and their normal rate adjustments were normally quite significant. An example would be like moving from 2500:1 down to 1500:1. The difference between then & now is that we are comparing apples to oranges as one consisted of an old regime which may have had more control over the CBI and present day CBI with a new government.
As they increase their revenue, more money will enter the system. Demand may go up when the economy improves. I think the GOI has laws in place that make it difficult to allow foreign investors to get their foot in the door and setup shop. This is stunting job growth and is not fair to the people. Simply put, the poor want to work to feed their families. I've speculated that they're made it difficult for good reason, because they want the investments to come after they conclude their decision to the currency debacle.
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