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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Tivon Question: "Do you think that the CBI has to wait for the next session after EID to release the rate, or can it be done prior?" Legally I presume a legislative session would be the appropriate time to address something of that nature. According to the Constitution. The CBI is an independent entity. So whoever weilds the power current political power which is Al-Kazemi due to the EFSL can request of the CBI to issue a decision on the rate. *** Breitling Question: "So if it came out at a dollar...your net proceeds would be approximately $0.98?" Yep...it [the spread taken by the bank/exchanger] will be low. BTW there will be so many people fighting for your currency you could probably get lower than that...like if you keep your money at their bank...they'll exchange it for free...there's going to be a lot of options. They're going to fight for your currency.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mark [Q?: What if there is not enough votes to seat the President in Iraq tomorrow?] …If they do not have the Government Sat by the 6th of April …the existing government will just stay in charge…. They do believe they have enough votes to seat the government…some of my contacts are staying up late to watch... *** Pimpy Are we gonna have the same issue that we did in 2019..? [With the parliament vote for president and PM] - Every time a candidate is announced and then we get get shot down and it happens again, we get two new candidates. I remember that in 2019. Let's hope we don't go through it again... *** Mark [Q? : if RV doesnt happen by April 2nd (Ramadan)…will we have to wait until May?] No…absolutely not…there has been speculation that they may choose to release it during Ramadan – on purpose…for the celebration of it…but no…Ramadan will not affect us in any way negatively….BS ... Ramadan can always affect political things adversley..! *** Nader From The Mid East I think it's gonna take a little time. Some people said the rate is in the budget. I think it's a rate in the budget but I don't think where we want it to be. The problem is if they take the rate back to 160 we would be stuck for another 10 years because the IMF would not allow them to revaluate next year or a year later or two years from now, three years from now. That's the problem. *** MarkZ From Iraq today Article: “Parliament reveals the time and the agenda of Saturday’s session” it appears they have enough people to seat the government now and are dedicated to doing it…Looks like it is still “on” for tomorrow. We are still expecting things to happen between now and the 4th of April. *** Clare Article: "Al-Adari: Saturday's session will pave the way for the formation of a government by an Iraqi decision and will" *** Pimpy I understand that an RI will be better [than a slower rate increase]...It's not that I don't want and RI. It's not that I think an RI wouldn't be better. It would. What I'm saying is realistically it's unlikely just because of the shock that it would put on the economy and it could damage the dinar itself as well as the economy. And you don't want that to happen. *** Mnt Goat ...I suspect that once the president is elected and the prime minister announced that we will see a breakout of the news once again on the revaluation...
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The prices on the notes are the same today as when I purchased it. Should I feel comfortable in purchasing more notes; or should I sit on what I have, and wait it out further? I ask because I can see no reason to not assume that this revaluation will take place, I do not know when of course, but should I feel comfortable in hedging my investment, by adding to my note-count?
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Good Morning I am relatively new to the Dinar rooms and thank you for having a place that so many visit and I can ask a question. Much is made of Reno and the private placement as well as a revaluation of the Iraq Dinar. With the end of the war in Iraq and rebuilding of the infrastructure in Iraq, it is easy to see how the value of the currency in Iraq should increase. I have bought Dinar so I want everyone to know I want this as badly as everyone else. But, I also hear of a reset of all currencies based on assets which ultimately I believe to be a good thing but to happen overnight seems unrealistic. It also seems that almost nowhere besides the Dinar rooms is their anyone that believes this. If something that would be such a monumental change globally be reported by the major news groups. Something this big would leak out without question. Also, if there was going to be a soon to happen global reset, the currency markets would be going ballistic but trading is within norms (maybe not Indonesia, but that is different story). With the worldwide professionals in the currency market, it is hard to believe that word would not leak out of a global reset. I read so many numbers for a reset value of the Dinar, some inline with Kuwait and some that are purely preposterous that would value the Iraq Dinar to total more than all the currencies in the world combined. How can an overnight revaluation of the Iraqi Dinar 3000% be realistic? Would this type of valuation be honored by companies sending goods and services into Iraq? With the amount of counterfeit Dinar in the market, who would revalue the Dinar before first changing the currency and dropping the amounts of the Dinar notes? Could it be that the hoopla with the IMF, UST, and others at this point is only concerning the private placement and has nothing to do with a public revaluation? I hope my concerns are unfounded and the Dinar Revalues to 50 and all the problems with the global currencies are fixed. Readers, please point out why my concerns are unfounded. Thanks again for having a wonderful site and best wishes to all, Jim
