Popular Post Sweetybird Posted March 16, 2012 Popular Post Report Share Posted March 16, 2012 Parliamentary Economic Committee proposes the sale of crude oil with the dinar the lraqi to support and increase value Posted: March 16, 2012 in Iraqi Dinar/Politics Date: Friday, 16-03-2012 11: 45 am Baghdad (newsletter) … Economic Committee member suggested Deputy Iraqi coalition//Noora albegari sell crude Iraqi dinar instead of the dollar, to support the local currency and increased value to currency. She albegari (News Agency news) on Friday: must work towards increasing the dinar to currency and make international currency dinar deals by all States through the sale of oil in Iraqi dinars rather than in US dollars as some oil-producing countries and sells its oil for support and increase its value. She added: the sale of crude if Iraqi dinar, will lead to increased demand for purchased by auction, the Central Bank and this will lead to increased exchange rate for currency and forcing the world to deal with the Iraqi currency abroad. She albegari to: that the Central Bank does not approve the sale of oil in Iraqi dinars for fear of fraud in local currency that the phenomenon now deployed in local markets because of special security situation faced by Iraq after a year (2003), indicating that this process needs to be security stability through tightening economic security forces work to prevent fraud or the like. http://bit.ly/FPpQsF 28 Link to comment Share on other sites More sharing options...
truthful1 Posted March 16, 2012 Report Share Posted March 16, 2012 You got to love this article. 1 Link to comment Share on other sites More sharing options...
lettuce Posted March 16, 2012 Report Share Posted March 16, 2012 Great article, now let's do it already! Revalue the damn currency! Link to comment Share on other sites More sharing options...
Roadrunner Posted March 16, 2012 Report Share Posted March 16, 2012 One of the best articles I've read in a long time. If this gets done it will drastically change the rate when this thing pops. I, for one, would be willing to wait a little longer on the RV to see if this works out. After all, I have waited over seven years so what is a few more weeks or even a few more months. Plus one from me. Roadrunner 6 Link to comment Share on other sites More sharing options...
Bat of Darkness Posted March 16, 2012 Report Share Posted March 16, 2012 Hmmm. I never allowed my "rags to riches" fantasy to go that far...but I'm certainly willing to consider that Iraq would not only replace oil production from pariah nations, but require those sales to be in Iraqi Dinar - thereby guaranteeing an increasing demand for their currency. Talk about going international: they are an ambitious lot, considering they can't get a thing done. 2 Link to comment Share on other sites More sharing options...
unirod Posted March 16, 2012 Report Share Posted March 16, 2012 I can sense frustration with this committee and their view of the present exchange rate! Link to comment Share on other sites More sharing options...
fnbplanet Posted March 16, 2012 Report Share Posted March 16, 2012 This may actually be "the plan", but farther down the road, after the new currency has been introduced. One of your best investments after RV may be to NOT cash in (some of it). 4 Link to comment Share on other sites More sharing options...
Sweetybird Posted March 16, 2012 Author Report Share Posted March 16, 2012 This may actually be "the plan", but farther down the road, after the new currency has been introduced. One of your best investments after RV may be to NOT cash in (some of it). We're thinking along the same lines. I plan to "hold em" for a while, unless there's a set time to cash in, of course. I think the potential is worth the additional wait. Link to comment Share on other sites More sharing options...
dmdebar Posted March 16, 2012 Report Share Posted March 16, 2012 We're thinking along the same lines. I plan to "hold em" for a while, unless there's a set time to cash in, of course. I think the potential is worth the additional wait. My plans exactly, holdin half or more, unless there is a cash in window. Go RV!!!!!!! 1 Link to comment Share on other sites More sharing options...
TheArtistFormallyKnownAs Posted March 16, 2012 Report Share Posted March 16, 2012 Nice post sweetbird Now stop talking about it and lets launch this ship already. 8 ) TAFKA Link to comment Share on other sites More sharing options...
Dinaronair Posted March 16, 2012 Report Share Posted March 16, 2012 Great article thanks for posting... they need to just get this done already... go rv Link to comment Share on other sites More sharing options...
TQueezy Posted March 16, 2012 Report Share Posted March 16, 2012 I thought there was an international agreement that all oil must be purchased/traded with the US dollar? Is that not true? Or is there a way around that? Link to comment Share on other sites More sharing options...
Captjohn Posted March 16, 2012 Report Share Posted March 16, 2012 An excellent article. If adopted, this would ensure that the IQD would become a globally-accepted currency with it's value reflecting the known and potential oil reserves in Iraq. That could be huge for us speculators and may encourage a "hold-em" strategy after RV. Link to comment Share on other sites More sharing options...
fnbplanet Posted March 16, 2012 Report Share Posted March 16, 2012 An excellent article. If adopted, this would ensure that the IQD would become a globally-accepted currency with it's value reflecting the known and potential oil reserves in Iraq. That could be huge for us speculators and may encourage a "hold-em" strategy after RV. And a "hold 'em" strategy works for them too. The pressure of all speculators cashing all dinars would crush all central banks. Even IF they could afford to go higher, I don't believe they would open with much more than a dollar. Link to comment Share on other sites More sharing options...
Joker017 Posted March 16, 2012 Report Share Posted March 16, 2012 Great Article, Thanks for posting... Go RV - Go Big..... Link to comment Share on other sites More sharing options...
zigmeister Posted March 16, 2012 Report Share Posted March 16, 2012 I thought there was an international agreement that all oil must be purchased/traded with the US dollar? Is that not true? Or is there a way around that? My understanding that is true with OPEC but I believe the contract ends soon. However my understanding is Iraq is a part of OPEC, if they have not changed their minds, they nominated Thamer al-Ghadban as secretary general of OPEC.My link So it could be Iraq is setting itself into a position, where this could actually happen. This would be a good thing for us. The currency needs to be internationally recognized and an RV would get it there quicker I think. Perhaps this is the debate behind the scenes; RV vs RD. Link to comment Share on other sites More sharing options...
KiaKaha Posted March 16, 2012 Report Share Posted March 16, 2012 Great for the IQD but what could/would/will happen to the USD in this scenario? KK Link to comment Share on other sites More sharing options...
zigmeister Posted March 16, 2012 Report Share Posted March 16, 2012 Great for the IQD but what could/would/will happen to the USD in this scenario? KK I don't think it would be helpful. Link to comment Share on other sites More sharing options...
cooked Posted March 16, 2012 Report Share Posted March 16, 2012 This may actually be "the plan", but farther down the road, after the new currency has been introduced. One of your best investments after RV may be to NOT cash in (some of it). I had been planning on cashing about 60-70 percent and waiting for it to go up. As long as there is no window or bounty on our notes. Shoot, it may go up 50-200 percent in a few more years. Hope so at least. Link to comment Share on other sites More sharing options...
Papster Posted March 16, 2012 Report Share Posted March 16, 2012 Great for the IQD but what could/would/will happen to the USD in this scenario? KK i read somewhere that with the use of the USD in oil sales that it actually props up the USD.............if everyone stopped using the USD..................the USD could plummet............GO DINAR 2 Link to comment Share on other sites More sharing options...
KiaKaha Posted March 16, 2012 Report Share Posted March 16, 2012 i read somewhere that with the use of the USD in oil sales that it actually props up the USD.............if everyone stopped using the USD..................the USD could plummet............GO DINAR That is my fear, Papster... Hoping for the rv before that can go into affect. The 37 items thread & survival gear would certainly come in handy. KK Link to comment Share on other sites More sharing options...
Cosmo Posted March 16, 2012 Report Share Posted March 16, 2012 Thanks Sweetybird. We are definitely headed for something very soft and fluffy dinar-wise but granite-hard dollar-wise Link to comment Share on other sites More sharing options...
yota691 Posted March 16, 2012 Report Share Posted March 16, 2012 This was the Plan the Whole Time!! IMO 1 Link to comment Share on other sites More sharing options...
TheArtistFormallyKnownAs Posted March 16, 2012 Report Share Posted March 16, 2012 Great for the IQD but what could/would/will happen to the USD in this scenario? KK I don't know, but what if they said we only sell oil in Dinar but we only sell Dinar for US Dollar, could that work 8 ) TAFKA Link to comment Share on other sites More sharing options...
SidneyJr Posted March 17, 2012 Report Share Posted March 17, 2012 For Iraq to sale their oil in Iraqi dinars rather than in US dollars want be that simple. Iraq is a member of "OPEC" http://www.opec.org/opec_web/en/about_us/25.htm " OPEC" only sale their oil in US Dollar. It's called the "Secret Deal" with the Saudis. http://www.thirdworldtraveler.com/Iraq/Iraq_dollar_vs_euro.html http://www.moneymaker.com/money/oilmoney.htm Link to comment Share on other sites More sharing options...
Recommended Posts