Dfrog

What is so hard to understand here......They used to be paid 950,000. Their new pay will be 950, which will be equal in purchasing power to the 950,000 they used to get........................................GET IT?

How did I go from a ton of posts and thanks to 30 posts and one thanks??? I'm going back on hiatus. Thanks Spec

Only posted cause there was some IMF talk

http://www.imf.org/external/np/sec/bc/eng/index.asp Article IV and Iraq to preliminarily enter the IMF GDDS. Take it for what it's worth

I haven't posted here in a long time. It looks like for good reason. Why is it that the people who think it's going to lop persistantly take that stance on any article or news that is posted? If I new nothing of this investment and I saw the info on the first page I would read it like this..... They are getting paid almost a million Dinar right now. Next week they will be paid almost a thousand. If they are not getting raises then they will have the same purchasing power with the roughly 950 Dinars as they did with the close to a million Dinar. So their currency will be worth 1000 times more than it is right now. Simple math folks. It's not going to lop, or they would be getting paid MORE Dinar. Right? If they lopped then they would need a billion Dinar for the same amount of purchase power. If you are so wrapped up in this that you can't see through the smoke then it's time to turn off the computer. Quit being miserable and get on with what you do. UGH and sorry I didn't proof read

If you read the post from the start it says specifically that it is a 2 year old article. Also said it would take 2 years to impliment.

Anyone can be anybody they want here in the magical world of the internet!

Adam: Why is it you feel you do not need to post here any more?

Kaperoni dude you are such a buzz kill. Keep your negativity to yourself. It is pretty well explained what the exchange rate mechanism is above. I am not blind to all the facts, but you seem to want the opposite of everyone on here. Being determined to make everyone else think they are wrong just to make yourself right is lame.

That is what it is all about

WOW...All I can say is WOW.

I don't think it is the fact that this doesn't coincide with all the rumors. It says they will be out of CH 7 within 6 months. That doesn't mean that they won't be out in 6 days. This is all a big mind F right now. The IMF being known to do a lot of changes at the 1st of the year, 3-4 days of banks being closed, all the talk of the GCC after the 1st....There are plenty of other facts that would lead me to believe that this could very well happen over the weekend. Again none of this is rumor, the times of my friend has a friend who knows someone are over. It is all in the news. It is all out there for anyone who has an interest to read. I think of the people in this for the last 5+ years....All you had to go on were rumors cause all the pieces were not in place. Well I think it is safe to say that they are now. I can definitely wait 6 months....No problem at all, but things do look good for this weekend. Good find as well. Hoppy New Year folks

You have to know how to read this stuff. What I was posting was from the first post from Mike that Iraq was involved until the first Gulf war. They were kicked, but they have been in EVERY meeting for this even when they had sanctions put on them The second post is a newer article. It says 1981-1982 at the end, but that is stating when they started this. Right below it is signed by the current members. If they were invovled before invading Kuwait, then when did they join? They will eventually be part of the GCC

Not all of the countries neighboring the Persian Gulf are members of the council. Iran and Iraq are currently excluded although both nations have a coastline on the Persian Gulf. The associate membership of Iraq in certain GCC-related institutions was discontinued after the invasion of Kuwait.[3] The GCC States have announced that they support the Document of The International Compact with Iraq that was adopted at Sharm El-Sheikh on 4-5 May 2007. It calls for regional economic integration with the neighboring states but there is no prospect of Iraqi accession to the GCC.[4]

Sorry there BigMike, Iraq essentially started the GCC originally in the 80s. They have always been involved in the GCC, through both wars, and all the oil for food stuff. Not trying to bash, just educate