Goodlife

Yep - Monetarily Relaxed is a good one alright.

Prefer the term self employed.

Thats exactly what it is. A spirit of fear is a spirit , not an attitude but it leads to an attitude of fear as it manifests itself through the individual. The Lord did not give us this spirit of fear but he has given us the same spirit that raised Jesus from the dead. The Holy spirit. Real life

The term Dinar is used by multiple arab countries, it does not have to change nor does it make any sense to remove it. Its part of their identity. Its like removing the D off USD Their Dinar is like the term for the wests Dollar.

No - I dont have cash I'm a Warka man IQD Cash isn't any good to me were I live.

Aging sucks.

Yep I do. They are just committed ordinary folk. I consider myself very average financially but am very committed to this investment. One short life is what we have and im at the wrong end of it, sometimes when an opportunity arises that can really change that life to really make a difference then its worth a shot. It has the capacity to redeem time spent struggling and make up for few mistakes along the way. Most of the people I know that have invested sums in excess of 20 k are very ordinary people financially, live in modest housing and have middle income earning. They also see an opportunity also to redeem the years, the mistakes and leap frog forward. The other ordinary people who have invested in excess of 200k have commitment and insight to this investment and have very specific reasons for doing it. This is not blind faith that leads me and others. I have no intention in going out with a whimper if there is a hope for significant change and if the result is a loss ( which I very much doubt) then I will add it to the other mistakes and live on but wont regret it because faith requires action and commitment and the prospective outcome outweighs the cost. Thats 200 million IQD Its set aside for a very specific use post rv / float

Some people are holding relatively large sums. I personally know off someone with over 200 million in cash held in a vault and another with larger amounts in Warka. These are not the heavy hitters either but ordinary folk. The really big players wont reveal themselves at all or engage on Dinar sites. There is a lot of Dinar out there. I believe it will be some form of float , watch the wheels turn then.

Dont be surprised to see some form of float. There is certainly enough interest around to push it. Thats the way I think its going to play. The danger is when profit taking occurs after a bull run . If it floats watch for a post profit taking crash. Once it starts reversing or evening out then watch for the massive dumping. It could happen quickly and really spiral. Buy back in again in the trough if this happens. Also if it does float soon and multi country issues with Syria get out of hand then that could upset. It is very possible to see some dangerous escalation in Syria. There are already a few big players drawing sides, supporting and prolonging the conflict.

You certainly got hammered with that one. Shouldn't have been negd so bad for simply making your opinion known. You didnt trash anyone with your comments.

DV is bad for bashing. Always has been.

Dont sell. You are right just forget about it. It wont have a lot of impact anyway but could help a lot more if it increases in value. Keep that little bit of hope and hide it away.

Goldie is correct. We have used the German bank route for over a year.

The post wasnt in reference to their money supply but directly related to the lack of currency value restriction because they sell oil in US dollars. They are not constrained like most other exporting countries. They will not suffer any export value loss if they end up RV ing to a buck or whatever. If they start gold production the same rule applies so it will not affect that export either ( unless they retain it in reserves) The other supporting point was that oil is likely to remain the bulk of export especially due to the big oil contracts being developed. The emphasis in Iraq is very definitely on oil so their is little to sacrifice on other export commodities for some years to come. It will remain their number one export earner for many years. What else is currently exported which is not petroleum related may get consumed internally.

I hear you lets hope its for so we can all :bravo:and our mortgages and live in .

Yes most countries do not want their exchange rate too high because of exports, but Iraq like some other middle east countries that major in oil exporting, they sell their oil in US dollars not in their own currency so it makes no difference what their currency value is as it does not affect the exports. There is always massive demand for their oil exports, just like Kuwait who has one of the most highly valued currencies in the world. This is the crucial difference that frees up Iraq to RV without any negative export repercussion. Over 90% of Iraq's exports is because of oil. This will increase as the oil extraction contracts mature. They are positioned perfectly to increase the value. This RV issue is a no brainer for Iraq, its all positive and logical without the restraining export issues that hold back currency values like for instance China. Wait for it ..........

I see it that Iraq will try and get things sorted but if not then its an extension or a new set up but essentially and extension with a new name. Remember its the UN that effectively destroyed a lot of stuff during the liberation process. This is a rebuilding process. This is Iraq not some simply broke country like Greece. Its a whole different ball game with Iraq. They will work with them until its sorted. What are they going to do otherwise? take a percentage of the oil revenues until its paid? Thats last resort stuff.

The president of the US has nothing to do with this. He didnt start it and cannot finish it, it is out of US jurisdiction. Ridiculous title heading.

Its not so much the Billion barrels ( .75 of a percent increase on proven reserves) but the infrastructure to remove it. Once the infrastructure improves and other types of mining take place then they will make some traction. The billion barrel find will not make any difference to the value of the IQD at all. It is small in comparison to what they have. Even if they find another 100 billion barrels it will not make much of a difference to the IQD value as it needs to come out of the ground and convert to $. It may extend the life of the currency but thats about all. The large gold and mineral reserves in Iraq do not make the country richer economically either until they start to get serious about it and extract.

Cant speak for UK but where I come from its all about a taxable activity intent. ie is it your business to speculate on currencies. If its not then its simply an ordinary savings banking investment which does not attract capital gains tax. You then pay tax on interest only.

Seems fairly clear that they would extend as Iraq meets the extension criteria as outlined in the report. Good and relevant post

The influenza in 1919 was a virus. All Flus are viruses. Viruses are very different from bacterium. This is why treating someone with antibiotics that has a virus is useless and not done unless infection has set in or is likely to. Food spoiling has nothing to do with viruses.

America has done this because it has turned away from the faith, truth and understanding of the Holy Bible scriptures that founded it. The foundations of America are on on fire because of this.

If these million plus Fetus murders did not occur then the vast majority of these little ones would be in their second year by now. This is the biggest shame to America. Its pure evil at work. To have it legislated and to justify it as ok to have the right to terminate a little ones life. Its never been OK to kill your kids -never!

Iraq is notorious for not paying on time and for- filling their end of the deal and on time. Iraq is still in the top 10 most corrupt countries in the world. Contractors are killed or abducted and bribes are a way of life to get jobs done. Bureaucracy is ridiculous and even simple work visas are frustrated. Just because Iraq is sitting on big oil it doesnt make business easy and does not reduce the risk. I would say there is significant risk in doing business in Iraq and therefore must be corresponding rewards. For the very fact that some oil companies want to back out of the contracts on the abundant oil fields clearly spells a problem created by the Iraqis and is very significant. Its not the oil companies causing problems and bad relations, its the Iraqis.