Reality Check and Blessings Balance.

[Phoenix]

Reality Check and Blessings Balance.

I have always planned on a rate of 1 IQD = .30 cents with a loss of 45% from tax and fees.

I personally think we will see a rate above a dollar...BUT people need to stay grounded and balanced.

All of this false talk about what Iraq MUST do and what Iraq is REQUIRED to do is not based in factual reality.

First off...everyone should remember the Saudi Arabia has been at a rate of .27 cents or so for decades!

Have the Saudi banks been sucked dry? No

Has the world rushed in and bought everything up? No.

Have the oil companies refused to sign contacts? No.

Has the government of Saudi Arabia failed? No.

Also all of the talk about the rate Iraq MUST have to be a fully tradable and recognized currency is total BS!

Look at Japan.

Japan is one of the worlds major economies and is a full member of the IMF the WTO and every other major world economic system and the Japanese Yen is even part of the IMF SDR basket!

And what is the rate of the Japanese Yen?

One penny.

1 Japanese Yen = .01 cent.

So keep it balanced and know that when the IQD does revalue be glad and thankful for whatever the rate may be!

Even if it comes in at .10 cents it will be the greatest blessing!

Again...I expect it well over $1+

So that's it...stay grounded and hopeful and above all THANKFUL for whatever the rate may be.

A bird in the hand is worth 2 in the bush.

Phoenix

[wilecoyote]

yep, exactly, well said, excellent.

[ClownSauce]

Good advice TY phoenix

[6ftnsunny]

Love that post. Thanks!

[wess144]

I agree, I think even at a dollar, people would be rushing out to

Buy Dinar. Iraq will be a very rich country some day!!!

“buy when blood is running on the streets” or “be greedy when others are fearful.”

London financier Rothschild and Warren Buffett made millions and billions this way.

[range]

Good post but you lost me on the yen being worth .01 penny. The yen is stronger than our might dollar lol

[Phoenix]

Good post but you lost me on the yen being worth .01 penny. The yen is stronger than our might dollar lol

Sunday, March 28, 2010

1 Japanese Yen = 0.01081 US Dollar

1 US Dollar (USD) = 92.47000 Japanese Yen (JPY)

Interbank rate +/- 0%

This means:

You buy 1 Japanese Yen : 0.01081 US Dollar

You sell 1 Japanese Yen : 0.01080 US Dollar

You buy 1 US Dollar : 92.47000 Japanese Yen

You sell 1 US Dollar : 92.57000 Japanese Yen

Median price = 0.01080 / 0.01081 (bid/ask)

Minimum price = 0.01080 / 0.01081

Maximum price = 0.01080 / 0.01081

http://www.oanda.com/currency/classic-converter

[kox]

Good post, Thanks

[Teresa82]

uh hu!******

[eastcreek]

10 cents, I'll take, but $1 would be better, huh ?

[Rafy]

At this point I take anything above .10.