katie45

Really not cool Deborah so I told my friend Kap about it. He said he will dig up some of your old love letters along with your personal information. I'm staying out of it, but you should be warned.

235snack, who are you really? Coincidence on a first post. You must be someone else. Call it ladies intuition. Deborah, I am not Kaperoni, but your overbearing attitude and apparently wishful thinking I am him is quite comical. You can stand all day on a soap box in this thread as some righteous women of thought and knowledge even quoting biblical references if you wish. But it does not substitute for lack of common sense. I have Christmas shopping to do. You have a great day.

Sore subject is he Deborah? Seems to be several haters here and when someone stands up to defend him they are accused of being him. To funny.

This is rather comical. I assure you I am not Kap. lmbo

Deborah, sounds like you have some issues with reality. Kap brings perspective into the investment and many don't like it because it often kills their hope and dreams of an overnight big payday. The dinar is not a lotto ticket it's real money that a country uses every day in financial transactions. If it ever is going to rise, it will based on sound economic principals not wishful thinking.

This was posted on another site, He should argue with the IMF. Page 4 of the STAFF REPORT FOR THE 2013 ARTICLE IV CONSULTATION—INFORMATIONAL ANNEX “The MCP arises from the absence of a mechanism to ensure that the official exchange rate and the market exchange rate do not deviate by more than 2 percent.” Then the CBI also makes a comment, Statement by A. Shakour Shaalan, Executive Director for Iraq May 13, 2013 #8 on page 2 8. "The CBI is committed to progressively liberalize the foreign exchange market as capacity to prevent AML/CFT is developed. It has recently taken steps to simplify foreign exchange market regulations and this has led to the elimination of many exchange restrictions. The CBI is working closely with staff on complying with Article VIII of the Fund’s Articles of Agreement, as well as eliminating the remaining exchange restrictions and the multiple currency practice." The definition to me is meaningless. What counts is the 3 month waiting period once in compliance. “The exchange rate may fluctuate within narrow margins of less than ±1 percent around a central rate, or the maximum and minimum values of the exchange rate may remain within a narrow margin of 2 percent for at least three months.”

So this is how you drive women off the site, call them a man? lmbo

Here is a very good quote from Kap; Article VIII is very important. And Article VIII is what will make the dinar internationally recognized, convertible and tradable worldwide. The CBI simply cannot transition to Article VIII until they have demonstrated to the IMF that they can comply under the Article VIII guidelines (they have to show the IMF that they can meet the conditions of Article VIII before they will get Article VIII). So the bottom line is, until the CBI can show the IMF that they can follow the rules the IMF will not accept them into Article VIII.

Kap is right and Stryker has been sucking on to many paint fumes.

You do not have to guess it is right in the IMF docs. http://www.imf.org/external/pubs/cat/longres.aspx?sk=40802.0 Page 17 14. The de facto fixed exchange rate has served Iraq well. The authorities agreed that a stable nominal exchange rate provides a valuable anchor for inflation expectations in an uncertain environment, and intend to continue implementing this policy for the foreseeable future. In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low. Page 23 31. The stable exchange rate has provided a valuable anchor in an uncertain environment. This policy remains appropriate for the foreseeable future. In the medium term, the authorities should create the conditions that would facilitate moving to a more flexible exchange rate.

Maybe the solution would be if Okie stopped lying to people?

Wishful thinking. They didn't reprint the existing dinar notes for a change in value in the dinar.

That poor Hippo.

The point I made was very clear that Stryker has no idea what he is talking about, sanctions were lifted years ago and his statement is just plane dumb. "Soon though we will be able to exchange our dinar for any currency through banking institutions now that OFAC has or will be removing all financial sanctions." The OFAC report from 2010 says this, V. FINANCIAL TRANSACTIONS Unless a transaction involves a party blocked under OFAC’s authorities, financial transactions with Iraq are allowed, including the opening of correspondent accounts for Iraqi financial institutions. What this means is anyone can do business with Iraq, Iraqi banks, and open accounts to do business with Iraq since Sept 2010. Unless you are on the special SDN list which only pertains to the following; What is a blocked party? Here is OFAC's explination, There currently are no broad-based sanctions in place against Iraq, but there are certain prohibitions and asset freezes against specific individuals and entities associated with the former Saddam Hussein regime, as well as parties determined to have committed, or to pose a significant risk of committing, an act of violence that has the purpose or effect of threatening the peace or stability of Iraq or the Government of Iraq or undermining efforts to promote economic reconstruction and political reform in Iraq or to provide humanitarian assistance to the Iraqi people. The Secretary of the Treasury is authorized to name all such individuals and entities. These names are included in OFAC’s list of Specially Designated Nationals and Blocked Persons (“SDN List”). In addition to these targeted sanctions, the ISISR impose some specific prohibitions designed to protect certain Iraqi property and contain certain provisions dealing with residual restrictions from the 1990 Iraqi sanctions.

"Soon though we will be able to exchange our dinar for any currency through banking institutions now that OFAC has or will be removing all financial sanctions." Might want to read this. Acording to OFAC, all sanctions were removed in September 2010. Once again, Stryker has no idea what he is talking about. http://www.treasury.gov/resource-center/sanctions/Programs/Documents/iraq.pdf