Questions for Adam's Update 8-27-2014

[TexasGranny]

Please post your questions below for Adam's Wednesday update.

 

Please do NOT respond to the questions posted!   

 

Responses that are not on topic will be removed!   

[yendor]

Adam, I suppose that I am not the only one uncertain about this, but just what IS the HCL ? I believe that it is the Hydro-Carbon- Law or something like that, but my question is , exactly what does it entail and how/why would it be vital to their raising their currency rate?????? I feel that there are a lot of us who are confused on this. Especially since we were told that since Iraq was out of Chapter 7 and that their budget was worked out, the RV is near.... then we're told the HCL needs to be passed.... What's next ? Can you help us here on that? Thanks for what you do for us confused & lost souls.

[dontlop]

Hey Adam

We know the Iraqi dinar is under a managed float regime

In a float The official exchange rate changes with the Buying and selling of the dinar by the central bank which I turn establishes and maintains the exchange rate

Do ya see a way for them to drive up the market rate by setting the dinars rate higher at the banks in Iraq before the official exchange rate is changed ?

Look at the Swiss dinar for example the official exchange rate at the cbi was changed after the market rate had set the precedence

And that currency had been demonetized to a zero exchange rate at the central bank prior to its reinstatement in 2003

From zero to one IQD to 150 to one IQD over night on October 15 ,2003

.

Link to exchange in 2003

http://www.casi.org.uk/info/cpa/20031015_CPAORD43.pdf

Edited August 25, 2014 by dontlop

[dontlop]

.

Edited August 25, 2014 by dontlop

[fred5688]

Hi Adam,

Do you think we are getting close?  I am 71 and want to retire soon. This would sure help with this.

Do you think the gov is all set? I understand the cbi is ready to go. Thanks for all your info 

 

[dontlop]

Hey Adam I think I found the information I was looking for in my question above

https://www.imf.org/EXTERNAL/PUBS/FT/ISSUES7/INDEX.HTM

Thanks

[waitingondinar]

Hi Adam,

Awhile back, it was stated the dinar value would change for the better in June 2014. Going into September, do you think we will see the RV in September?  I know the HCL still has to be approved.  What about Article 140?  There always seems to be some hindrance that 

seems to suck the life out of this process.  Do you have anything positve for us?

thanks

[new york kevin]

Sir Adam: When exactly in the last day that Abadi has to sit his new GOI? Is Maliki lame ducking it at this time? What can be done to isolate Maliki until Abadi sits his GOI?

[fred5688]

Adam ,

been reading the dinar guru site and some of the things on this site are laffable.  You seem to keep us grounded and i appreciate this. Thanks for all your work