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unirod

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Everything posted by unirod

  1. Moussawi warned that "the dollar exchange rate will rise to 160 thousand dinars if the current price is fixed," considering that "the policies followed by the Central Bank are wrong and they are subject to the policies of the International Monetary Fund." The price is fixed because of policy! The policy has failed!
  2. As long as I have been in this investment, Iraq has been fighting corruption. Involved in a crisis. Fighting over the budget. Fighting the Kurds over oil distribution. Civil wars and genocide within it's borders. Having debt problems (claimed). And the extended list can reach heaven! I do believe that if the GOI cannot improve the economic conditions very soon, they will loose it all! I honestly will be shocked if they succeed! Through the last 15 years following this investment, I had no idea that it was going to be such a long shot.
  3. Why open a bank branch right at the border? both country's are using the USD. Unless there will be an exchange rate change and the IQD will be the primary currency?
  4. I always remembered that Breitling said look for government officials denials of rate changes. This is usually when things unexpectedly happen!!
  5. It's been over 2 years since I have visited this site for the latest Iraqi news. Nothing has changed a bit. These guys are still all talk! We need a little less talk and a lot more action!!
  6. This is a good thing! The government is helping to establish private property rights! This must be established in a civilized modern society in order for the banking industry to distribute benefits to citizens! Home loans, business loans and the list goes on.
  7. What I'm reading is that Iraq is turning up the VELOCITY in trading the IQD domestically. As I understand it, the traded Velocity of currency helps to increase and support its value. This is why the USD is so strong!
  8. I just completed opening my account and my stocks have been transferred to Al-Karmal! They were great to correspond with and they answered all my questions. I had no contact with my stock account balances at Warka for 6 years. My balances a incredible! My % returns in the banking sector= 83% My % returns in the Industry Sector 192% I killed it with Gulf Commercial Bank! I killed it with Pepsi Iraq (IBSD)! I don't believe that I could ever get these kind of returns in the USA markets!
  9. Exactly why Iraq will have a very limited "Market Economy" into the future. These ministry officials keep a tight grip without even reasonable delegation to others in their departments. IMO
  10. I'm in the process of moving my stocks to Al-Karmal this week. I feel good that long ago I bought some BGUC stock. Been out of touch with my account so long (6 yrs) at Warka that I don't know what my combined stocks are worth! Thanks BROB for the referral!
  11. I just watched a Breitling post of a recent You Tube ISX seminar. Interestingly the panel said nothing of supporting the IQD in investing into the ISX. But focused on the issue of custody trust regarding who is holding investors money. I would have to believe that trust would also be established by investors when the value of the IQD is not a controlled fake rate. Investors trust transparency and an IQD rate that the world markets will support.
  12. I have read many articles that state Iraq has the lowest extraction rates for oil reserves in the world. Even as low as $2 per barrel. The Saudi's claimed oil reserves have not changed for 40 years. So it's no wonder that they are wanting to diversify their GDP. Maybe the Saudi's know something that they are not telling the world about their real reserves? Iraq has not even begun to fully map their reserves which are vast. I would recommend not buying into the green theory. Industry world wide needs fossil fuels! we will never be able in our life times to rid our addiction to fossil fuels. The
  13. Kelly's Heroes! Yeah Baby! equal shares! private enterprise gold transporters!
  14. Perfect timing for an R/V to happen. the 17% investment gets us less oil. And the dirt farmers in the mid-west have to transport more grain for less money in return! IMO
  15. True, But if I had a 200 Peso note. And I exchange it say at the airport. I would get $10 USD. So the same is true that we are exchanging a note that we bought at a discount here in the USA from a bank or exotic currency merchants. So our exchange will be realized at a much better rate of return than anyone who would take that same note aquired in Iraq and taken to the bank to exchange for USD in Iraq. They as citizens of Iraq will loose money every time. We are realizing a greater gain on exchange because we are outside of Iraq. We will win every time no matter what the exchange rate opens up
  16. What struck my curiosity was that Mexico has come out with a 200 Peso note. Which when exchanged has the value of approx $10 USD. Maybe Iraq will open up the exchange rate at 10 to 1 USD? which would make our 25,000 IQD note worth about $2,500.00 USD. And so on with the 1,000, 500 and 250 IQD notes. Still a pretty good rate of return IMO for the time I have been in the game. I recall that Breitling on a his blog once said that to be in this investment you should own at least 5 million IQD. Or go find something else to speculate on. He may be more right than he ever thought?
  17. US officials are giving mere lip service. The billions of USD transactions help to support the velocity and therefore the value of our USD. Why would anyone want to slow the velocity down? Support of Terrorists? Really? IMO
  18. I have never accepted this theory simply because a printed 1 dinar note would be worth 10 cents? it would cost too much not only to print the note. But still there would be resistance to using a note of such small value. To be a real international player you must have a currency structure like the USD or the Euro. IMO
  19. Maybe if the accent piece in the middle of the room were removed, they could better focus on the real issues effecting their economy?
  20. I believe Saleh is saying that the CBI money reserve structure is more than solid! And if only the USA FED would issue more debt, Iraq would BUY IT UP!!
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