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Linda Bower

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Everything posted by Linda Bower

  1. But how do we know for sure they are not referring to the rate it was before they changed it a year ago?
  2. I'm a Reagan fan also. What he did to cause the fall of the Soviet Union was EPIC!
  3. if what Frank is saying about the GCC wanting a unified currency is true, it makes you wander what their exchange rate would be. Even if it was $.25 to the US dollar, for Iraq to say no to it must mean they want a lot more bang for their buck. 25 cents is so much more buying power than they currently have.. Saudi Arabia, United Arab Emirates, and Quatar are in the neighborhood of a quarter to the USD, but the other 3 range from 2.60 to 3.30. I can't imagine the 3 countries coming down from that exchange rate. It still begs to question why Iraq would turn down even the higher rates of exchange. What do they hope for in future exchanges?
  4. I remember how convinced they were last year that it would happen by the end of June.
  5. My guess is its all about whether they are a country that exports enough to keep a low exchange rate or whether it is more profitable with all the goods they import in to have an exchange rate that has more purchasing power. China and Vietnam have opted for the lower exchange rate because most of their income comes from exporting goods.
  6. The question is "Will it be a controlled float or will it fly crazy like Kuwait's did?"
  7. Maybe Kazemi is set on bringing the rate out at $ 1.45 after he drops the zeros. That would be better for us.
  8. Bob, I would love to trade my 25,000 denomination notes in for 250 ones. How do I go about doing it? Would it matter the amount I have? I think I would have to have some mighty big suitcases!
  9. I thought it was interesting the People that were going to be on the committee for studying the changing of the exchange rate. Ministers from housing, construction, public works, etc...These are all areas that have been adversely affected by the exchange rate going higher because all their supplies have dramatically increased in price. Maybe the committee was formed to show them How advantageous it would be to delete the zeros from the exchange rate. And how much more they could use for redevelopment if building supplies were much more affordable.
  10. All the negotiations between Erbil and Baghdad with the 2021 budget seems to be hashing out some of the contention that also has kept them from agreeing on the HCL. Perhaps with the budget settled they now have an agreement reached for the HCL and can bring it back in for a vote.
  11. Four of the things people are always saying have to happen before it can RV are... !. The Dinar must be able to be traded internationally 2. Pass the HCL 3 .Discontinue the currency auction 4. Stop corruption and retrieve funds These items are all issues they are addressing this week. I hope they are successful.
  12. Every since Kazemi came into power a little over a year ago, It has been full charge ahead getting all their ducks in a row. I believe there is just a tidbit of things left to do, but until the last thing is complete, nothing will proceed.
  13. How do I get in line for that $3.50 rate? Sign me up now!!!😁
  14. I read this article. It said that the World Bank recommended a rate of 1660 against the US dollar, the IMF proposed 1300 and Iraq decided on changing the rate to 1450. So this does not mean they are changing this rate again.
  15. They cashed out in the US. I'm not sure how long they held it.
  16. There used to be a man in here who had invested in Kuwait Dinar (him and His father) Ronin56 (or something like that). He said they had no way of watching what was going on like we do with this site. They had to rely on a contact they had over there. When it revalued it was low. They watched it for several weeks before they cashed out. The rate bounced around quite a bit and at one point reached over $7, but they cashed out before that point. It really is not a fair assumption to compare the Kuwait Dinar to the Iraqi Dinar. It is not the same procedure. People thought because all that happened with Kuwait it would be the same for Iraq and that is why so many people invested in Iraqi dinar at that point in time. We have learned a lot over the last 10 years and understand that this is a whole different animal in Iraq. Just praying we receive a similar outcome.
  17. Actions speak louder than words! Let your actions do the talking, which I believe they are. Never, in the time we have been in this investment , have we seen such decisive action as Al Kazemi has shown in this past year. Its like a race to get all his ducks in a row so they can finally push the button and bring prosperity to Iraq.
  18. That pretty much has rate change written all over it... Help me understand, Jeff, why this is so? Every time any mention is made of Iraq's finances you assume rate change is why they are doing it. I would like to know where the facts for this statement are. I want it to be all about revaluing too, but I prefer facts to daydreams. Thanks Ron for bringing these opinions to us..
  19. It seems to me that Pimpy is a lot of big talk for someone who has so little invested in this.
  20. This doesn't seem to be the HCL, just an agreement for the budget. When will they finally vote the HCL into law?
  21. Stanleypower Come on guys. Let’s hear the comments. Doesn’t this seem big news? Especially after the news the past couple days that the Kurds walked out??? I'm excited they are making progress. The Kurds seem to know how anxious Baghdad is to get this settled and have been holding out for top numbers, but in the end they are all losers if they can't reach an agreement.
  22. This is one step closer to the signing of the Hydro Carbon Law. The question is- will it all be complete before Kazemi meets with Trump?
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