What's the big deal about a credit rating?

[RVPleaseToday]

All this talk about Iraq wanting a credit rating.

 

Vietnam has a credit rating.

 

 

Vietnam | Credit Rating Standard & Poors credit rating for Vietnam stands at BB-. Moodys rating for Vietnam sovereign debt is B2. Fitchs credit rating for Vietnam is B+. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Vietnam thus having a big impact on the country's borrowing costs. This page provides - Vietnam | Credit Rating - actual values, historical data, forecast, chart, statistics, economic calendar and news. 4/30/2015

[The Machine]

yeah vietnam has a credit rating ..... they also have an internationally tradable currency

[RVPleaseToday]

And their currency is still not worth squat.

[RVPleaseToday]

So where's the secret sauce that will trigger an RV for Iraq that hasn't triggered an RV for Vietnam?

[SgtFuryUSCZ]

So where's the secret sauce that will trigger an RV for Iraq that hasn't triggered an RV for Vietnam?

***///

Stuck to the cushions of TheBigBlueCouch...

[The Machine]

And their currency is still not worth squat.

 

 

thats because their country is worth squat

So where's the secret sauce that will trigger an RV for Iraq that hasn't triggered an RV for Vietnam?

 

there is no secret sauce ..... the dong will never amount to anything, well no time soon

Edited April 30, 2015 by The Machine

[rockfl9]

The key thing here is that to get a rating the GOI MUST  GIVE  3 YEARS A

[RVPleaseToday]

O.K. So it takes a credit rating, an internationally traded currency, a lot of oil  underground, security, an HCL, billions in loans from the IMF, all the currency removed from the country, Maliki strung up on a tree,....and, and, and, and...

[rockfl9]

OF financials !  They did not really close the book on 2014!

[RVPleaseToday]

Every time all the things that were supposed to trigger the RV have happened, someone glums onto a new announcement, which is then added to the list of "ands."

[The Machine]

O.K. So it takes a credit rating, an internationally traded currency, a lot of oil  underground, security, an HCL, billions in loans from the IMF, all the currency removed from the country, Maliki strung up on a tree,....and, and, and, and...

 

 

well you seem to have all the answers why dont you enlighten the rest of us oh great one

 

Im sure there is a huge laundry list of things that need to be done .... things we probably havent thought about yet .... but there getting done, it cant happen over night, building a country takes time

Edited April 30, 2015 by The Machine

[RVPleaseToday]

The Dinar will increase in value gradually over the years as Iraq slowly grows their economy...just like every other economy in the world.

Edited April 30, 2015 by RVPleaseToday

[The Machine]

The Dinar will increase in value gradually over the years as Iraq slowly grows their economy...just like every other economy in the world.

 

 

is that a fact or your opinion.

 

I'd love to chat back and forth all night but its quite late here and i'm up early for work ..... so to be continued tomorrow

Edited April 30, 2015 by The Machine

[RVPleaseToday]

Exactly. Building a country takes time. It could take decades more. Our real hope is that they don't demonetize the currency we hold before that happens. 

Is a 100,000 percent RV a fact?

[rockfl9]

Dont need an accepted currency to sell the bonds . they will be priced in dollars or ouros an paid back in same.

[The Machine]

 

Is a 100,000 percent RV a fact?

 

no its not but its just as viable as your opinion .... who knows what their going to do  ..... that is why its called speculation.

[RVPleaseToday]

Yes, rock, but when they sell those bonds without the International currency, folks will forget about this current bluster.

[rockfl9]

The Dinar will increase in value gradually over the years as Iraq slowly grows their economy...just like every other economy in the world.

I think that is still  a risky call.

[RVPleaseToday]

no its not but its just as viable as your opinion .... who knows what their going to do  ..... that is why its called speculation.

My opinion has been the normal course of growth for countries. A 100,000 percent RV has never happened. The likelyhood isn't, in fact, the same.

Edited April 30, 2015 by RVPleaseToday

[caz1104]

LOL!!!! Monday morning financial/expert that at one time owned DINAR.............buuuuuuuuuuuuuuut now is an expert......LOL LOL LOL. Your like everyone else that spews the same ol shiiiiite.................a CARTOON CHARACTER pretending to be someone they ain't.

[pchester]

Come-on RVplease, Why in the world are you still hanging around...I'm sure you sold all you wall paper...lol

[RVPleaseToday]

Attacking me personally won't make the RV happen, you know. But if it makes you feel superior, have at it.

 

There is money to be made with the Dinar; but, it's going to a much longer slog than we at first imagined.

Edited April 30, 2015 by RVPleaseToday

[RVPleaseToday]

The history off the Vietnam Dong exchange rate. (Toward the middle of the document).

 

Kind of interesting read.

 

http://intl.econ.cuhk.edu.hk/exchange_rate_regime/index.php?cid=12

[waldowould]

Everyone ask yourself what is currency based upon, but then again it may be too deep a question for some. Iraq wealth is basically oil but then again Vietnam is based manufacturing so take your pick but remember everything evolves and history does repeat itself.

[rockfl9]

The BIG DEAL would be the of the rating they get. Even a poor rating is better than no rating .

. That would set the interest rate and terms they get.

I see they have told the finance committee to clean up loose ends on 2005 thru 2013 budgets.

2014 missing may be a problem.