sol37

Easyrider... I love you.. you are hope in the storm But, I am thinking of selling my physical IQD and plowing that into Warka so I can at least make 7%. I think that is what we should all do.

Same effect. Dinar or Dollar. They would be subsidizing the world's oil purchases with an RV at a tremendous loss. Does this make sense?

If Dinar is in foreign reserves solely for the purpose to buy Iraqi oil then why in the HELL would Iraq RV their currency? A 1:1 lop makes sense, but a 1:3 RV? If oil was $100 per barrel, then RV at 1:3 then Iraq all of a sudden would be getting only $33 per barrel. In this scenario, RV is basically oil charity, an oil buying subsidy for the world. Does this make sense? I think maybe we all got scammed. Damn, those pumpers were good.

Yes it will be called the "FaceBook Re-valuation" nice... maybe that would speed things up a bit

For those of us who are older than the youngin's here I can bring to mind this one t-shirt back in the 70's during the Smoky and the Bandit days, Convoys and CB radios, with the phrase "Keep on truckin!" and now, we can modify it a bit to fit this post... "Keep on Pumpin!"

Exactly what algorithm/formula did you use to get that wild assumption, maam?

I have diversified into smaller notes... spread out my currency among all denominations. Yes, my first purchase was that 1mil in 25k notes as I'm sure it was for most, but from there I got some of each... more of some of course like the 50's and less of others like the 10k's and on down. And then I opened a Warka account with 1k USD and then pout all the notes I am holding into a safe deposit box. So I am diversified in this and just holding my breath and buying as much silver now as I possibly can - gold is just too much and silver is currently undervalued (ok, ok, I am a silver pumper - shoot me. LOL). At the end of the day, the dinar will be worth at least what I paid for it - hopefully. So worst case scenario, I have found a way to actually save my money for once instead of spend it!!! And everyone needs to be saving. The big thing we should be all hoping for at this moment is not an RV but instead we should be praying that Iraq does not implode for a myriad of reasons. We should be hoping they and the citizens of that fine country get their act together real soon. Otherwise, I have bought all the dinar I am going to get. And I ain't putting any more in that Warka account until the the whole regions settles down and has some positive news to report. The candlesticks say - HOLD.

CBI Currency auctions sceduled into 2012. This from the CBI site. http://www.cbi.iq/documents/Tables-182.xls C24 1/4/2011 1/5/2011 1/5/2011 4/6/2011 100,000,000,000 C25 1/18/2011 1/19/2011 1/19/2011 4/20/2011 100,000,000,000 C26 2/1/2011 2/2/2011 2/2/2011 5/4/2011 100,000,000,000 C27 2/15/2011 2/16/2011 2/16/2011 5/18/2011 100,000,000,000 C28 3/1/2011 3/2/2011 3/2/2011 6/1/2011 100,000,000,000 C29 3/15/2011 3/16/2011 3/16/2011 6/15/2011 100,000,000,000 C30 3/29/2011 3/30/2011 3/30/2011 6/29/2011 100,000,000,000 C31 4/12/2011 4/13/2011 4/13/2011 7/13/2011 100,000,000,000 C32 4/26/2011 4/27/2011 4/27/2011 7/27/2011 100,000,000,000 C33 5/10/2011 5/11/2011 5/11/2011 8/10/2011 100,000,000,000 C34 5/24/2011 5/25/2011 5/25/2011 8/24/2011 100,000,000,000 C35 6/7/2011 6/8/2011 6/8/2011 9/7/2011 100,000,000,000 C36 6/21/2011 6/22/2011 6/22/2011 9/21/2011 100,000,000,000 C37 7/5/2011 7/6/2011 7/6/2011 10/5/2011 100,000,000,000 C38 7/19/2011 7/20/2011 7/20/2011 10/19/2011 100,000,000,000 C39 8/2/2011 8/3/2011 8/3/2011 11/2/2011 100,000,000,000 C40 8/16/2011 8/17/2011 8/17/2011 11/16/2011 100,000,000,000 C41 8/30/2011 8/31/2011 8/31/2011 11/30/2011 100,000,000,000 C42 9/13/2011 9/14/2011 9/14/2011 12/14/2011 100,000,000,000 C43 9/27/2011 9/28/2011 9/28/2011 12/28/2011 100,000,000,000 C44 10/11/2011 10/12/2011 10/12/2011 1/11/2012 100,000,000,000 C45 10/25/2011 10/26/2011 10/26/2011 1/25/2012 100,000,000,000 C46 11/8/2011 11/9/2011 11/9/2011 2/8/2012 100,000,000,000 C47 11/22/2011 11/23/2011 11/23/2011 2/22/2012 100,000,000,000 C48 12/6/2011 12/7/2011 12/7/2011 3/7/2012 100,000,000,000 C49 12/20/2011 12/21/2011 12/21/2011 3/21/2012 100,000,000,000

Leftist tripe. The Iraqi's need to settle down. It's just a bunch of hooligans that are making these protest violent anyway. I saw the videos. They are about to burn their bridge. If they topple their government they will go the way of Iran real quick. The GOI won't let that happen. Too much $$$ and oil on the line. If they have to declare martial law they will.

If a country's currency is all about resources then the Russian Ruble should be valued at about $23.98 dollars to1 Ruble because they have more Oil and Gas than anyone combined and can shut off the valve to Europe anytime they want putting most of Europe in the icebox. I;m so tired, so sleepy see, of these dreams that this currency is going to be 3.22 or 5.88 just because speculators wish it be. This is all quite amusing. The plan is to go in at the 1.134 (at or around) and then in 3 years after stability, they RV again. That's what the plan (study) says. Plain English. And despite the fact that these docs are 3 years old, for Iraq, that is like yesterday, man, as the speed they move, it looks like they are standing still. LOL. Finally for the 3 years, I know it is 2011 (still waiting for the tinfoil jumpsuits, bubble cities and flying cars), but Feb. 2010, which the first letter is dated from, is only 12 months ago! How do you get three years (36 months) from 12 months!!! Oh, the same way you get 3.22 or 5.88 from 1.134! Hilarious!!! Rolling on the floor laughing Going to sleep now. Got my mattress stuffed with Dinar. Goodnight.

Look. I know it don't jive with your dreams of tomorrow or with your fantasies of a 3.22 or 5.88 rate, but these docs are real, dudes, unlike all those pumping lies you like to hear (Go RV!!! 5.88) cuz it make you all warm and fuzzy. The docs are not from 2008, either yo! They are from the source. But for me, this intel makes me real warm and fuzzy

I remembered whgere I got the letters... at the IMF The Letters of intent are here. Feb. 8th Letter http://www.imf.org/external/np/loi/2010/irq/020810.pdf Sept. 18, Letter http://www.imf.org/external/np/loi/2010/irq/091810.pdf Plus there are lot's more. Just search. Hey, real intel for once Bon apetit'

Sorry. We will have to wait until after June, 2011 and the rate will only be 1.134 or thereabouts. So everyone who says more, like 3.22, 6.18, 5.88 is a pumper and should be laughed off the stage. This is real intel, albeit still rumor until it happens, but real as you can go look yourself. ++++++++++++++++++++++++++++++++++++++++++++++++++ RV RATE:1.134 Ministry of Planning Baghdad The Exchange Rate of Foreign Currency in Economic Feasibility Studies http://www.mop.gov.iq/mop/index.jsp?sid=1&id=308&pid=295&lng=en 3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities. Sound like they come out at 1.134 IQD = 1 USD to quell a speculation and then RV again after 3 years of stability. ++++++++++++++++++++++++++++++++++++++++++++++++++ TIME FRAME: End of June, 2011 What Iraq has told the IMF:Letters of intent to the IMF from Iraq Iraq: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding February 8, 2010 They have to finish cleaning up the balance sheets of Saddam's regime vefore they take the next step. Dang, them books must have really been cooked becuase it took damned near a decade to straighten them out. LOL. "The first important step will be to finalize the restructuring of Rafidain and Rasheed banks, based on their completed financial and operational audits. In this regard, the foreign liabilities incurred by Rafidain and Rasheed on behalf of the previous regime and the large suspense accounts will need be removed from these banks’ balance sheets. We aim to complete the restructuring of the balance sheets of Rafidain and Rasheed by June 30, 2010. Once their balance sheets are cleaned up and restructured, based on the decision already made by the Economic Committee, the capital of Rafidain and Rasheed will be raised to ID500 billion and ID400 billion, respectively." This is about the investors in Saddam's regime getting their money back "We also expect that the proceeds of the liquidation of the London branch of Rafidain Bank will be distributed to private claim holders by the end of the year." And it looks like the private sector banks are on good ground already... just waiting to get those two legacy state banks, Rafidain and Rasheed, squared around and revied by June, 2011. "We have already completed the set of prudential regulations for commercial banks, including those related to minimum capital requirements, liquidity risk, and anti-money laundering, and will begin the implementation phase. Work on the relevant reporting tables for the banks will be completed soon in consultation with the IMF and other technical assistance providers. At the same time, we are stepping up our efforts to further develop banking supervision practices in line with best international practices. In addition, we have asked the commercial banks to conform their accounting norms to the International Financial Reporting Standards (IFRS) as per end-2009, and to prepare a set of financial soundness indicators that could be used to monitor sectoral developments." Iraq: Letter of Intent, and Technical Memorandum of Understanding September 18, 2010 "In the remainder of 2010 and in 2011, we plan to continue with our fiscal and monetary policies as set forth in our letter of February 8, 2010. We hope to be able to fully execute the 2010 government budget, in particular the investment budget, and we are working hard to improve administrative capacity. The 2011 government budget will again be based on conservative assumptions with regard to oil prices and export volumes, and will aim for a substantial reduction in the budget deficit with a view to returning to a sustainable fiscal position, while addressing the large rehabilitation needs of the country. Monetary policy will continue to aim at keeping inflation low, predominantly through a continuation of our exchange rate policy." "Through this process, we aim to complete the restructuring of the balance sheets of Rafidain and Rasheed by end-June 2011 (a new date for the completion of this structural benchmark)." They need more cash folks before they RV "We have met all the performance criteria for end-March 2010, with the exception of the floor under the CBI’s net international reserves. We have also met all of the performance criteria for end-June 2010 that can already be assessed, again with the exception of the floor under the CBI’s net international reserves." And not until after May. so like we all already know... sometime... Maybe, in June... "We request a waiver of nonobservance for the missed performance criterion for end-June and also request a waiver of applicability for the end-June 2010 performance criterion related to the central government current spending bill for which data is not yet available and for which there is no evidence that it was not observed. Furthermore, due to the delay in completing the first review, we request rephasing of the disbursements under the SBA. The second review is expected to take place on or after October 30, 2010 and the third review on or after May 31, 2011." So, RV oafter June, 2011 at a rate of 1.134 IQD = 1 USD Okay, I know you wanted to hear it's tomorrow at 3.22 but my apologies. You are now free to pounce and bash and call me a pumper

As "RonSkilbeck" quoted... "It seems that net exporters of Oil want a high valued currency and net exporters of Manaufactured Goods like Japan, S Korea, and China want their currencies low. My Opinion, "Key point. Arguable the BIG difference and the smoking gun in why the two are different... not just that Iraq has OIL but that manufacturing based economies want a low-ball currency so people buy their junk because I can live without all that cheap Asian junk so it best be cheap and a low-ball currency ensures that, but I can't live without the OIL and the ME's know it so they will make their currency as bloated as they want. which feeds their ego and wallet."

Satan making anyone suffer is not a rumor... it is FACT