cashman

Ok... This is NOT bad actually is a good artical. Notice they talk about the removal of 0's we know the will need to coexist for a period of time. That said we have an end date of when we will have to exchange what we have...hence removal of 0's... Bads up looks good.

So I know we don't like to think about the 000's coming off but in all honesty as much as i don't like it it seems that they would release the lower denoms in country give people the time to exchange then remove the 000's then RV... The benifits in country are huge outside no so much... I know that's no what we hope but...moma always said if it sounds to good to be true it just might be too good to be true... Lets hope i am wrong got a lot riding on this...

I had thought at one time that a LOP was the only option however with as much diner that they removed from circulation and what they need to accomplish and the buying power they need to give/empower there people with I can't see them LOP'ing. IMO My contacts did say there is a lot of internal things going on that could lead in the right direction but it is going to have to happen soon or its plan B... he wouldn't tell me what that entailed.

If you put IDQ on the left and USD on the right sad to say it goes back to normal

Ok i the WTO says china has to rase rate, and Iraq can't join until dinar is at higher value and recognized, how does the Dong rate? One would think that that the Dong is too low for the WTO and they would have an unair advantage especially if it comes in at .06 or so. Any thoughts?

I was listining to the confrence call...thank you by the way, couldn't get on lines were full...and you talked about your thoughts of and RV around $.10 to start. If IDQ RV's at $ .10 and is on a managed float or locked in it would seem that investors now have a recoginzesed currency that they could buy it all up and wait till it goes up to $3. It would appear based on the amount of speculative currancy and the volume of which it has been bought at and the amount setting out there that this would be a huge vaccuum of $$$$ that they could not support. I personally would agree it will not be 3.22 which others say even though they saw it in a report. They maybe albe to support that but why max it out right away when 1.33 would work just fine. IMO we need not only to cinsider how much we may get trading in but what governmetns/companies/individuals would be atrracted to on the Forex as a recoginzed currancy. Another words how high could they go and still have a equal draw as what is leaving the country there by maintaining a status quo... IMO that may be 1.80-2.60... Your thoughts please

URGENT / Manual vote recount in Baghdad to start on Monday April 28, 2010 - 03:49:08 BAGHDAD / Aswat al-Iraq: The manual vote recount of Baghdad province will start next Monday, head of the Independent High Electoral Commission (IHEC) said on Wednesday. “The commission has completed the technical and logistic procedures of the recounting process in Baghdad,” Hamdiya al-Husseini told Aswat al-Iraq news agency, noting that the process will begin next Monday. “All details will be announced at a press conference on Thursday (April 29) in Baghdad,” she explained. The manual recount affects more than 2.5 million ballots cast in Baghdad province; they account for 68 seats in the 325-seat Iraqi parliament. The recounting is to delay the formation of an Iraqi government coalition after a close race between Maliki and former Prime Minister Iyad Allawi. Allawi’s Iraqiya bloc won 91 seats in the 325-member Parliament compared to 89 grabbed by Maliki’s State of Law alliance. My link What the !@#$ is going on there they look like the US..........

What is odd is that is thier buissness... It is real wierd that a company that is set up to make money on the slightest move up or down in value of currancy can come out and say..."sorry it was an error and we are not going to fix it"... I know i won't be using some of these sites for investing that's for sure, doesn't seem like they have the right checks and balances. Makes you wonder if the SEC has looked into these companies like they are doing to other investmetn tools?

Adam i noticed in the in your recent chat you stated you thought the rate would be around .20-.30. I was just wondering what changed with intel that your feeling changed to those rates instead of around $1. I would appreciate any feelings you have on this or any one else that might know. Thanks

Based on what I heard from Ali he will have gold you could trade for then cash in the gold. But be careful with USD starting to come back gold usually heads the other way... And with Ali or Iraq bank type you can keep it in and then draw it out incrementally. With the US backing this i don't think it will be a problem here. Talking to Chase they said that when the value is established the entire amounth of funds will be available for you that same day. They do not require them to be sent out for verification. They also said if you want to take out a 100K you can however they did say that anything over 5K is reported to the IRS. With Iraq's vast potential i can not imagin them screwing us... They have a lot of work to do they are hoping that we invest our dinar back into the country and if they pull a Chavez you can bet companies would runn for the hills and Iraq would slip into anracky.

I got bit by Brown Racloose too almost died too... not fun was only 16 and got blood poisining had to get a shot right in my chest...still have the batel scar to prove it... glad yoru ok those things are nothing to mess with.

It was that you can now order dinar and have 30 days to pay. You do have to pay 10%. If you dealt on your payment they keep your 10% deposit.

Interesting News i ran across on a Iraq news site. Offer your comments: 1) Why such a small loan if there is an impending RV? 2) Is this to through us off a trail? 3) China Debt thought was gone if not does this have to be done before RV? Article is translated so may have errors... (Voice of Iraq) - in order to bridge the deficit in 2010 budget BAGHDAD - morning Iraq signed yesterday with the World Bank loan agreement worth $ 250 million shortfall in the budget for 2010. The agreement was signed by the Iraqi Finance Minister Baqir Jabr Al-Zubaidi, and the World Bank representative in Iraq, John Michel.Zubaidi said at a news conference after the signing ceremony that the duration of the loan 15 years, including a grace period of 5 years. He said he will start to repay the loan semi-annual installments during the period 2014 to 2024. He explained that the government will use the loan to finance the deficit in the general budget for 2010 and will be available to the Ministry of Finance during a short period after the signing of the Convention.He said al-Zubaidi to receiving an invitation from the Chinese side to attend the signing ceremony of extinguishing 8 billion dollars worth of Chinese religion in Iraq after the approval of the State Council, China's debt forgiveness, noting that the Iraqi delegation will travel to China next week to sign the agreement. For his part, the representative of the World Bank loan was approved by the Board of Directors of the World Bank and the twenty-fifth day of last February, the first loan request loans from Iraq. "The World Bank does not ask for any guarantees in return for this loan, because Iraq is one of the founders of the World Bank . http://www.sotaliraq.com/iraqnews.php?id=60211

IMO... They will have to keep the RV higher to keep speculators from buying up all the dinar. You have to realize that one of the reasons why people are not investing or buying (companies) is because it is not recognized yet. Once it does ask yourself if you knew Iraq was at 3.22 before and they came out at .30 knowing the vast oil reserves what would you do...I would buy it up and it would shoot up faster than you can imagine. I think the potential exists for them to RV higher then it drops due to negative publicity about the high rate like "there is no way they can maintain that rate...it is starting to destabilize the economy" of course false info but that would drive speculators to sell lowering the rate causing them second guess rate etc. JMO

If you look at the statement no plans part keep in mind we don't want to see 1000=1 and that is part of of the plan to raise the value to make it 1=1 if you know what i mean so that first part is true. Second stating that the 1,170=1 is balanced, stable is also true that is what they have been striving for which is why they have to sell so much to keep it stable. IMO I don't see this as negative simply true statements put together that give the impression of a stagnate currency. Once the currency is recognized they will have less control because it will float worst case but it will go up. Hope this helps don't fret to much over it, if you take it in context it conflicts with many other statements if you take it apart it makes more senses. IMO smoke screen...

Adam - Your information regarding the study that CBI is doing on how to raise value does fit with what my sources have said however do you think that they are waiting on the details of how the IRS or other Governments will tax the benefit that is delaying the RV, or does it have to do with picking the correct value. Your thoughts or anyone else that have more insight on this would be nice.

Face is important to them over there and in order to keep speculators at bay they will need to go $1-2 IMO. Even a short term low will create more speculation than they think we learn we evolve...

I was thinking after i posted that... If the CBI contact has big news...well not so big if they LOP then RV for us yes it's a return of only 30-50% or about 10% per year or so after you deduct the cost...NO A GOOD RETURN for the risk... As some of you said it would be hard for me to believe a country "US" to be happy with that return...Does not pay for the war, does not really help the Iraq since they make $25,000-60,000 Dinar per week or so according to some reports maybe as high as $120 US or 120,000 dinar. I am trying to convince myself that a LOP is not reasonable and I do have a hard time thinking that 25,000 dinar bill is different from say a 10 dinar bill... can they coexist if the rate of one bill/dinar is different exchange than the other. Further you can get a return of 10-20% in the stock market and with less risk IMO so i feel we should be ok but you sometimes to good to be true is too good...

Adam you stated that your CBI contact said there would be no problem with the large notes. Great If Iraq had 25B in circulation before and now 25T a "LOP"/adjustment would make that 25B again and our 25K the same as as $25-35 depending on RV rate. Question: Did your CBI contact talk about anything related to the "000"s coming off during the RV announcement? Or adjusting the face value of the large notes? IMO...It seems that if they truly only have about half of all the money they printed in circulation about 13-15T that seems low to me for the soon to be 3rd largest oil producer. But if say there are 1.8M investors that bought 4M each that would be over $7Trillion sitting with people like you and I... Iraq will in the next 3-5 years have just from oil 200-300B in oil revenues and maybe the same from Gas and other resources but there still seems to be an imbalance... Just discussing and open to observations.I want to be proven wrong

.39 and by February for 2 weeks then jump to 1.80 for the rest of this year...jmo

I can't get in... story of my life lol.

I hope he's right don't know of another country that did this... anyone remember what the US has in Dinar and what they would have after the fact?

i still made photo copies of mine just in case even though can't ready the serial number..lol

I wonder if this was what frank26 was talking about?

I can't see them doing this however there is a lot in circulation.