BKD Posted December 28, 2012 Report Share Posted December 28, 2012 Ditto, SWFG, Great post Link to comment Share on other sites More sharing options...
SWFloridaGuy Posted December 28, 2012 Author Report Share Posted December 28, 2012 Ditto, SWFG, Great post Hey there BKD good to see you. Link to comment Share on other sites More sharing options...
BETTYBOOP Posted December 28, 2012 Report Share Posted December 28, 2012 SWFG... I have been away from the forum for a while and I am still trying to get up to speed but this sounds good if they manage to meet all the needs of the WTO. Great post! Thanks! Hopefully 2013 will be iraq and our year Link to comment Share on other sites More sharing options...
UNEEK Posted December 28, 2012 Report Share Posted December 28, 2012 6-8-2012 SWFloridaGuy: We are hearing a lot of speculation regarding Iraq's accession to the WTO, after the release of several conflicting articles. This is a complex process and the WTO is currently negotiating their terms with Iraq. WTO membership is considered on an individual, case-specific basis. There are private requirements and stipulations in addition to the basic, general guidelines we see in print. Iraq has to lay out all their economic and trade policies that relate to WTO agreements. When Iraq submits this memorandum a panel will consider the application. When the principles and policies are in place, additional negotiations will commence between Iraq and other countries. Once the terms are finalized, they are submitted to the WTO's General Council. If two-thirds of the members vote in favor, than Iraq may accede to the WTO. So, as you can see, it's not a simple process. To convolute matters, since Iraq's plan is to dedollarize and not continue using the USD as their primary currency, they need to make the IQD a convertible one as accession stipulates. Other than seeing WTO accession as general progress for Iraq, this issue in particular (convertible currency) is something we as Dinarians find may have some applicability. Thanks for the post SWFG - this type of information, while still somewhat complex; is a little easier for me to discern and digest - I am learning gradually but do not plan to be a political or economic scholar thank goodness -- Link to comment Share on other sites More sharing options...
SWFloridaGuy Posted December 28, 2012 Author Report Share Posted December 28, 2012 Thanks for the post SWFG - this type of information, while still somewhat complex; is a little easier for me to discern and digest - I am learning gradually but do not plan to be a political or economic scholar thank goodness -- Hey I hear ya UNEEK. I could spend the rest of my life studying macroeconomics and geopolitics & still not have a firm grasp of it. This is a learning process for us all. We can't expect to be experts after only a couple years researching this. Still though... we do our best to speculate. 2 Link to comment Share on other sites More sharing options...
UNEEK Posted December 28, 2012 Report Share Posted December 28, 2012 Roadrunner -- thank you for your time and efforts to contribute to the thread - the info was helpful in giving me a bigger picture of what a complex process this is - The info was understandable - the process is what's so complex -- Hopefully we will see some real progress soon - Link to comment Share on other sites More sharing options...
katie45 Posted December 28, 2012 Report Share Posted December 28, 2012 Before they get in the WTO they need to raise the dinar to be more in line with the dollar. That is a fact and was stated numerous times back in 2010 I think. Do a search for older WTO articles and you will find those statements. Link to comment Share on other sites More sharing options...
snooz Posted December 29, 2012 Report Share Posted December 29, 2012 With you being in Afghanistan you have a great perspective on what's going on in the M.E. Thanks. Hey there Snooz. Yes, great point. That is one of many stipulations. They vary between countries but one thing I've found consistent with most is they must have a convertible currency. Tax and duty laws are also very important. There's no way of knowing for sure everything that is required in Iraq's case. This is where the speculation comes into play. The closest we can get is to look at other member countries and what was required of them. Great post. If you remember well at around April or May of this year, Iraq tried to implement Draft, custom and tax law !!?? They finaly had to pospone it, remember....Thats the reason, they have to be part of the wto first !!! Just saying... But again, like you said earlier, they must be missing something else and it could be the currency !! Great post SWFG SnooZ Link to comment Share on other sites More sharing options...
SocalDinar Posted December 29, 2012 Report Share Posted December 29, 2012 (edited) I'm not clear on this. China is a WTO member and their currency isn't convertible. 1967 Convertible GTO. Nice!!!!! Edited December 29, 2012 by SocalDinar Link to comment Share on other sites More sharing options...
sandyf Posted December 29, 2012 Report Share Posted December 29, 2012 SWF, I hear you, but how is China in the WTO without a convertible currency? Myanmar is a full WTO member with an article 14 currency. Iraq has never been an Article 8 currency so it has never had an international value, if you believe the hype. That being the case it can never go back to something it never was. Countries like Myanmar and China normally trade internationally in the dollar, So why not Iraq. Recently China has been making agreements with countries on an individual basis to trade in the Yuan. Like it or not the days of dollar supremacy are numbered. Link to comment Share on other sites More sharing options...
NWGUY Posted December 29, 2012 Report Share Posted December 29, 2012 Bravo! That was a well reasoned and very well laid out opinion that IMHO should be well received by all but the bottom feeder gurus, their mindless followers and the just plain coldhearted greedy b@$t@rds who only care about making a quick buck through the RV. :bravo:/> I am looking to make a quick buck through the RV!!!! Big problem......been waiting a longtime!!! Now into the Long Term Investment Catagory......Don't tell the IRS though. Go RV!!! Link to comment Share on other sites More sharing options...
fastarnie Posted December 29, 2012 Report Share Posted December 29, 2012 (edited) This thread is awesome....this is great for anyone just getting to know about the Dinar. Where were guys three years ago? Three years ago the names changed, but the information was here........lol :lol:/> I bought in 6/09, and stalked this site, and one other ultimately joining this one. I have learned so much about so much it is absolutely crazy. Edited December 29, 2012 by fastarnie Link to comment Share on other sites More sharing options...
Texas1 Posted December 29, 2012 Report Share Posted December 29, 2012 This thread is awesome....this is great for anyone just getting to know about the Dinar. Where were guys three years ago? I was at home with my family three years ago. Thug and Tandy were at a strip club.......... LaBare 3 Link to comment Share on other sites More sharing options...
DinarThug Posted December 29, 2012 Report Share Posted December 29, 2012 I was at home with my family three years ago. Thug and Tandy were at a strip club.......... The Sign Out In Front Of It Said 'Topless + Bottomless' ! But When We Went Inside - There Was Nobody There ! 4 Link to comment Share on other sites More sharing options...
Texas1 Posted December 29, 2012 Report Share Posted December 29, 2012 The Sign Out In Front Of It Said 'Topless + Bottomless' ! :o/> But When We Went Inside - There Was Nobody There ! :blink:/> :D/> :D/> :D/> And to think, they gave all of the "Broke Back Mountain ll" doubles free passes......... 2 Link to comment Share on other sites More sharing options...
DinarThug Posted December 29, 2012 Report Share Posted December 29, 2012 And to think, they gave all of the "Broke Back Mountain ll" doubles free passes......... Actually It Was "BrOkie Back Mountain - A Pumpers Tale" ! 3 Link to comment Share on other sites More sharing options...
umbertino Posted December 29, 2012 Report Share Posted December 29, 2012 And to think, they gave all of the "Broke Back Mountain ll" doubles free passes......... lol. Link to comment Share on other sites More sharing options...
SPOTLIGHT Posted December 29, 2012 Report Share Posted December 29, 2012 Can someone tell me what is the WTO and how is it related to the Iraq Dinar? Link to comment Share on other sites More sharing options...
tedro Posted December 30, 2012 Report Share Posted December 30, 2012 The Sign Out In Front Of It Said 'Topless + Bottomless' ! :o/> But When We Went Inside - There Was Nobody There ! :blink:/> :D/> :D/> :D/> Darn..........they weren't open at 10:15 in the morning. 1 Link to comment Share on other sites More sharing options...
snooz Posted December 30, 2012 Report Share Posted December 30, 2012 Can someone tell me what is the WTO and how is it related to the Iraq Dinar? http://www.wto.org/english/thewto_e/thewto_e.htm Link to comment Share on other sites More sharing options...
Redhorse Posted December 30, 2012 Report Share Posted December 30, 2012 I am finding it harder every day to believe that we as investors will Benefit from all this. There is always some new shim sham keeping The RV from happening. Sounds like snake oil is on sale. This Iraqi Government is corrupt and I think you have to fix that first. Just my Humble opinion . Link to comment Share on other sites More sharing options...
Roadrunner Posted December 30, 2012 Report Share Posted December 30, 2012 Actually It Was "BrOkie Back Mountain - A Pumpers Tale" ! Did you mean a Pumper's Tail. 2 Link to comment Share on other sites More sharing options...
SPOTLIGHT Posted December 30, 2012 Report Share Posted December 30, 2012 http://www.wto.org/english/thewto_e/thewto_e.htm Good lookout Snooz 1 Link to comment Share on other sites More sharing options...
snooz Posted December 30, 2012 Report Share Posted December 30, 2012 Good lookout Snooz Your welcome Spot ! SnooZ Link to comment Share on other sites More sharing options...
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