My Take

[makecents]

Iraq launched four oil licenses sessions to explore oil and gas previously to upgrade its production to 12 million barrels-daily in 2017.

Increasing production by 40% per year for 4 years seems like a very difficult task.  If they can do so it will certainly be excellent for the economy, but irrelevant for the currency.

[4aprofit]

WOW!...Some of these people are so negative that it makes everything look even better...as you just cant have this kind of opposition to something without worrying as per what good may come of it, especially since nothing has materialized as per the end result either way...and they jump at every word...it makes me excited about my investment!...

P.S...I bet some these guys actually go outside when the suns shining...with a bucket...looking to catch some hail!...lol...

[Flatbush Zombies]

WOW!...Some of these people are so negative that it makes everything look even better...as you just cant have this kind of opposition to something without worrying as per what good may come of it, especially since nothing has materialized as per the end result either way...and they jump at every word...it makes me excited about my investment!...

P.S...I bet some these guys actually go outside when the suns shining...with a bucket...looking to catch some hail!...lol...

You sound ridiculous and like a baby who didn't like the answer he read. No one is being negative or whatever you want to call it. People are pointing out facts and what Iraq has said and what their financials show. They are also giving examples how economics apply to someone in Iraqs position. If you want to stick your head in the sand and ignore the other side of this investment then that's your choice but don't act like a child. This is like the tenth time that you wrote something like this. Are you scared of reality or facts. When someone states a fact it's not being negative. If you can't handle the responses then don't read them and continue your ignorance.

Here are the facts:

Every article Iraq talks about removing the zeros is a RD

Iraq has a GDP of 115 billion

Iraq has a m2 of at least 72 Trillion

Iraq has at least 30 trillion of that outside of banks

Iraq goi is a complete mess

Iraq has postponed the rd due to stability issues

Iraq has a very stable currency because it is backed 100% by its reserves

All of the numbers add up and the value of the dinar is exactly where it should be

Iraq will do what's best for its country before making infidels rich

Iraq barely has running water, electricity, and sewer systems

An "RV" as described in this forum or any dinar forum has never happened

Theres a ton to do before anyone can take Iraq seriously on a global scale

ETC.....

No one knows what Iraq will eventually do but we do know what they are saying they want to do and we do know their financials so logic and common sense should kick in at some point.

[umbertino]

No, what I really meant was let's look at the Libyan dinar as an example, not an investment.

They went through a war, devalued to less than half,and now they are worth around .70 USD

If the IQD went to .70 I'd be burning rubber to the bank. They have a smaller economy, less oil and less of other commodities like gold and agriculture.

Agreed.

You sound ridiculous and like a baby who didn't like the answer he read. No one is being negative or whatever you want to call it. People are pointing out facts and what Iraq has said and what their financials show. They are also giving examples how economics apply to someone in Iraqs position. If you want to stick your head in the sand and ignore the other side of this investment then that's your choice but don't act like a child. This is like the tenth time that you wrote something like this. Are you scared of reality or facts. When someone states a fact it's not being negative. If you can't handle the responses then don't read them and continue your ignorance.

Here are the facts:

Every article Iraq talks about removing the zeros is a RD

Iraq has a GDP of 115 billion

Iraq has a m2 of at least 72 Trillion

Iraq has at least 30 trillion of that outside of banks

Iraq goi is a complete mess

Iraq has postponed the rd due to stability issues

Iraq has a very stable currency because it is backed 100% by its reserves

All of the numbers add up and the value of the dinar is exactly where it should be

Iraq will do what's best for its country before making infidels rich

Iraq barely has running water, electricity, and sewer systems

An "RV" as described in this forum or any dinar forum has never happened

Theres a ton to do before anyone can take Iraq seriously on a global scale

ETC.....

No one knows what Iraq will eventually do but we do know what they are saying they want to do and we do know their financials so logic and common sense should kick in at some point.

Thanks.

[4aprofit]

Does anyone actually believe that Iraq is going to do EXACTLY what they tell us....especially if it were a windfall for us...how gullible can some be?...If they did do this...the plan simply would'nt work anyway!...Get a life!...

[makecents]

WOW!...Some of these people are so negative that it makes everything look even better...as you just cant have this kind of opposition to something without worrying as per what good may come of it, especially since nothing has materialized as per the end result either way...and they jump at every word...it makes me excited about my investment!...

P.S...I bet some these guys actually go outside when the suns shining...with a bucket...looking to catch some hail!...lol...

Your attacks on people only highlights that you have no response on topic.  You can't answer the reasoning that shows a huge RV is impossible, so instead you just hurl insults.

[dontlop]

Your attacks on people only highlights that you have no response on topic.  You can't answer the reasoning that shows a huge RV is impossible, so instead you just hurl insults.

wrong

[dontlop]

You sound ridiculous and like a baby who didn't like the answer he read. No one is being negative or whatever you want to call it. People are pointing out facts and what Iraq has said and what their financials show. They are also giving examples how economics apply to someone in Iraqs position. If you want to stick your head in the sand and ignore the other side of this investment then that's your choice but don't act like a child. This is like the tenth time that you wrote something like this. Are you scared of reality or facts. When someone states a fact it's not being negative. If you can't handle the responses then don't read them and continue your ignorance.

Here are the facts:

Every article Iraq talks about removing the zeros is a RD

Iraq has a GDP of 115 billion

Iraq has a m2 of at least 72 Trillion

Iraq has at least 30 trillion of that outside of banks

Iraq goi is a complete mess

Iraq has postponed the rd due to stability issues

Iraq has a very stable currency because it is backed 100% by its reserves

All of the numbers add up and the value of the dinar is exactly where it should be

Iraq will do what's best for its country before making infidels rich

Iraq barely has running water, electricity, and sewer systems

An "RV" as described in this forum or any dinar forum has never happened

Theres a ton to do before anyone can take Iraq seriously on a global scale

ETC.....

No one knows what Iraq will eventually do but we do know what they are saying they want to do and we do know their financials so logic and common sense should kick in at some point.

wrong

[sandstorm]

Does anyone actually believe that Iraq is going to do EXACTLY what they tell us....especially if it were a windfall for us...how gullible can some be?...If they did do this...the plan simply would'nt work anyway!...Get a life!...

we are talking about currencies. their are limits and purposes for maintaing stability. currency exchange rates are set between two counties to facilitate stable trade. the purpose is not a racebetween the world to see who can have the highest rate.

the lower your exchange rate...the more competitive your products become. in fact there was an article stating iraq lowered the price of there oil to capture the asian market. A central banks goal is not to increase the exchange rate constantly...its to facilitate trade.

wrong

i respect your unlimited wish, hopes, and dreams for the dinar. but facts are facts. we arent entitled to make our own. the post is valid..like it or not. whether or not you ever figure it out......doesnt change facts

[keepmwlknfny]

No, what I really meant was let's look at the Libyan dinar as an example, not an investment.They went through a war, devalued to less than half,and now they are worth around .70 USDIf the IQD went to .70 I'd be burning rubber to the bank. They have a smaller economy, less oil and less of other commodities like gold and agriculture.

Have you taken a look at their financials?

[srdedeaux]

     Keep if if was a skiff we would going fishing! Since if is not a skiff we will not go fishing! if if if if if!  Go RV!

[boomer113189]

You sound ridiculous and like a baby who didn't like the answer he read. No one is being negative or whatever you want to call it. People are pointing out facts and what Iraq has said and what their financials show. They are also giving examples how economics apply to someone in Iraqs position. If you want to stick your head in the sand and ignore the other side of this investment then that's your choice but don't act like a child. This is like the tenth time that you wrote something like this. Are you scared of reality or facts. When someone states a fact it's not being negative. If you can't handle the responses then don't read them and continue your ignorance.

Here are the facts:

Every article Iraq talks about removing the zeros is a RD

Iraq has a GDP of 115 billion

Iraq has a m2 of at least 72 Trillion

Iraq has at least 30 trillion of that outside of banks

Iraq goi is a complete mess

Iraq has postponed the rd due to stability issues

Iraq has a very stable currency because it is backed 100% by its reserves

All of the numbers add up and the value of the dinar is exactly where it should be

Iraq will do what's best for its country before making infidels rich

Iraq barely has running water, electricity, and sewer systems

An "RV" as described in this forum or any dinar forum has never happened

Theres a ton to do before anyone can take Iraq seriously on a global scale

ETC.....

No one knows what Iraq will eventually do but we do know what they are saying they want to do and we do know their financials so logic and common sense should kick in at some point.

you are 100 % correct on everything you said in this paragraph

Does anyone actually believe that Iraq is going to do EXACTLY what they tell us....especially if it were a windfall for us...how gullible can some be?...If they did do this...the plan simply would'nt work anyway!...Get a life!...

lol. you don't know anything about economics do you. there has been other countries currencys that have Redenominated and they even said it in multiple articles years before it happened just like iraq has and guess what they actually did it

 

[dontlop]

you are 100 % correct on everything you said in this paragraph

lol. you don't know anything about economics do you. there has been other countries currencys that have Redenominated and they even said it in multiple articles years before it happened just like iraq has and guess what they actually did it

 

wrong

[4aprofit]

AND IF IRAQ IS SUCH A RISK, AS SOME ON HERE PORTRAY IT TO BE...WHY WAS TEMPLETON INVESTED LIKE YOU WILL SEE BELOW, EVEN BACK IN 2009?...WHERE IS OUR TYPICAL MAINSTREAM MEDIA ON THIS?

 

TEMPLETON EMERGING MARKETS INCOME FUND
AS OF MAY 31, 2009
TOTAL NET ASSETS: $604,618,620
NET ASSET VALUE PER SHARE: $12.77


PERCENT OF
TOTAL NET
ASSET ALLOCATION ASSETS PORTFOLIO CHARACTERISTICS
---------------- ---------- ---------------------------- ----------
CASH & OTHER 7.4% WEIGHTED AVG. CREDIT QUALITY BBB-
FIXED INCOME 92.6% WEIGHTED AVG. MATURITY 9.12 yrs.
---------- WEIGHTED AVG. DURATION 5.420 yrs.
100.0% WEIGHTED AVG. COUPON 7.380%


PERCENT OF PERCENT OF
TOTAL NET TOTAL NET
NET CURRENCY DISTRIBUTION ASSETS COUNTRY DISTRIBUTION ASSETS
------------------------- --------- ---------------------- ---------
ASIA 14.0% ASIA 22.9%
INDO RUPIAH 12.2% FIJI 1.6%
MALAYSI RINGGIT 0.8% INDIA 1.6%
SOUTH KOREAN WON 1.0% INDONESIA 12.8%
EUROPE 0.5% PAKISTAN 1.5%
EURO MON UNIT -0.4% PHILIPPINES 3.9%
POLAND ZLOTY 0.8% SOUTH KOREA 1.0%
LATIN AMERICA 14.9% VIETNAM 0.6%
BRAZILIAN REAL 12.7% EUROPE 23.2%
CHILEAN PESO 0.6% BOSNIA AND HERZEGOVINA 0.9%
MEXICAN PESO 1.3% GEORGIA 0.9%
PERU NUEVO SOL 0.3% HUNGARY 0.5%
MID-EAST/AFRICA 1.3% KAZAKHSTAN 5.6%
EGYPTIAN POUND 1.3% NETHERLANDS 1.9%
NORTH AMERICA 69.4% POLAND 0.8%
US DOLLAR 69.4% RUSSIA 6.3%
TOTAL 100.0% UKRAINE 5.8%
UNITED KINGDOM 0.5%
LATIN AMERICA 33.4%
ARGENTINA 7.5%
BRAZIL 14.3%
COLOMBIA 1.5%
EL SALVADOR 0.4%
MEXICO 3.5%
PANAMA 1.1%
PERU 4.7%
VENEZUELA 0.3%
MID-EAST/AFRICA 10.2%
EGYPT 1.3%
GHANA 0.7%
IRAQ 5.2%
SOUTH AFRICA 2.0%
UNITED ARAB EMIRATES 1.0%
OTHER 8.4%
SUPRANATIONAL 4.5%
CASH 3.2%
DERIVATIVES 0.8%
NORTH AMERICA 2.0%
UNITED STATES 2.0%
TOTAL 100.0%

[boomer113189]

wrong

Zambia to redenominate currency

 

Hong Kong, Jan. 23 – Zambian authorities have announced intentions to redenominate the local currency – Kwacha – by dividing the current notes by 1000 and knocking off three zeros from all the denominations.

This means that K1, 000 will be K1, K5, 000 will be K5 while K50, 000 will become K50.

Finance Minister, Alexander Chikwanda and newly appointed Central Bank Governor, Michael Gondwe announced the redenomination of the Kwacha at a news briefing in Lusaka Monday.

“The rebasing had to be done when all the fundamentals like inflation and GDP growth were right and we think they are now right,” Chikwanda said.

Zimbabwe, Mozambique and Ghana are some of the African countries that once rebased their currencies.

In July 2007, Ghana chopped off four zeros from the Cedi. Instead of having 10,000 Cedis, it  now has 1 cedi for 10000.

http://goo.gl/XGJdJ

notice the day jan 23 2012

 

http://goo.gl/ENi00     notice the day when it was officially announced - On 22 August 2012 the Bank of Zambia issued a press release stating that the changeover date for the rebased currency had been set as 1 January 2013.

 

here just few articals and doc that say they very well could RD    and guess what they did

 

another one posted Jan 2011 http://goo.gl/qcCdw

Edited March 22, 2013 by boomer113189

[4aprofit]

Zambia is not Iraq...lol...

[dontlop]

Zambia to redenominate currency

 

Hong Kong, Jan. 23 – Zambian authorities have announced intentions to redenominate the local currency – Kwacha – by dividing the current notes by 1000 and knocking off three zeros from all the denominations.

This means that K1, 000 will be K1, K5, 000 will be K5 while K50, 000 will become K50.

Finance Minister, Alexander Chikwanda and newly appointed Central Bank Governor, Michael Gondwe announced the redenomination of the Kwacha at a news briefing in Lusaka Monday.

“The rebasing had to be done when all the fundamentals like inflation and GDP growth were right and we think they are now right,” Chikwanda said.

Zimbabwe, Mozambique and Ghana are some of the African countries that once rebased their currencies.

In July 2007, Ghana chopped off four zeros from the Cedi. Instead of having 10,000 Cedis, it  now has 1 cedi for 10000.

http://goo.gl/XGJdJ

notice the day jan 23 2012

 

http://goo.gl/ENi00     notice the day when it was officially announced - On 22 August 2012 the Bank of Zambia issued a press release stating that the changeover date for the rebased currency had been set as 1 January 2013.

 

here just few articals and doc that say they very well could RD    and guess what they did

 

another one posted Jan 2011 http://goo.gl/qcCdw

whats that have to do with you saying everything he said was 100% correct

[pocono]

It appears that Templeton has a large share of their money invested in Countries that "deleted zeros" or intend to in the future.

AND IF IRAQ IS SUCH A RISK, AS SOME ON HERE PORTRAY IT TO BE...WHY WAS TEMPLETON INVESTED LIKE YOU WILL SEE BELOW, EVEN BACK IN 2009?...WHERE IS OUR TYPICAL MAINSTREAM MEDIA ON THIS?

 

TEMPLETON EMERGING MARKETS INCOME FUND
AS OF MAY 31, 2009
TOTAL NET ASSETS: $604,618,620
NET ASSET VALUE PER SHARE: $12.77


PERCENT OF
TOTAL NET
ASSET ALLOCATION ASSETS PORTFOLIO CHARACTERISTICS
---------------- ---------- ---------------------------- ----------
CASH & OTHER 7.4% WEIGHTED AVG. CREDIT QUALITY BBB-
FIXED INCOME 92.6% WEIGHTED AVG. MATURITY 9.12 yrs.
---------- WEIGHTED AVG. DURATION 5.420 yrs.
100.0% WEIGHTED AVG. COUPON 7.380%


PERCENT OF PERCENT OF
TOTAL NET TOTAL NET
NET CURRENCY DISTRIBUTION ASSETS COUNTRY DISTRIBUTION ASSETS
------------------------- --------- ---------------------- ---------
ASIA 14.0% ASIA 22.9%
INDO RUPIAH 12.2% FIJI 1.6%
MALAYSI RINGGIT 0.8% INDIA 1.6%
SOUTH KOREAN WON 1.0% INDONESIA 12.8%
EUROPE 0.5% PAKISTAN 1.5%
EURO MON UNIT -0.4% PHILIPPINES 3.9%
POLAND ZLOTY 0.8% SOUTH KOREA 1.0%
LATIN AMERICA 14.9% VIETNAM 0.6%
BRAZILIAN REAL 12.7% EUROPE 23.2%
CHILEAN PESO 0.6% BOSNIA AND HERZEGOVINA 0.9%
MEXICAN PESO 1.3% GEORGIA 0.9%
PERU NUEVO SOL 0.3% HUNGARY 0.5%
MID-EAST/AFRICA 1.3% KAZAKHSTAN 5.6%
EGYPTIAN POUND 1.3% NETHERLANDS 1.9%
NORTH AMERICA 69.4% POLAND 0.8%
US DOLLAR 69.4% RUSSIA 6.3%
TOTAL 100.0% UKRAINE 5.8%
UNITED KINGDOM 0.5%
LATIN AMERICA 33.4%
ARGENTINA 7.5%
BRAZIL 14.3%
COLOMBIA 1.5%
EL SALVADOR 0.4%
MEXICO 3.5%
PANAMA 1.1%
PERU 4.7%
VENEZUELA 0.3%
MID-EAST/AFRICA 10.2%
EGYPT 1.3%
GHANA 0.7%
IRAQ 5.2%
SOUTH AFRICA 2.0%
UNITED ARAB EMIRATES 1.0%
OTHER 8.4%
SUPRANATIONAL 4.5%
CASH 3.2%
DERIVATIVES 0.8%
NORTH AMERICA 2.0%
UNITED STATES 2.0%
TOTAL 100.0%

[dontlop]

4profit .. thanks for sharing all the information .  the post  for templeton was very interesting . 

Edited March 23, 2013 by dontlop

[4aprofit]

No problem dontlop...as there are probably thousands of things, even more signifigant than this type stuff, in just the past 3 to 4 years, that is very signifigant, signifying that Iraq will be a monetary giant to be reckoned with...just because some are potty trained since birth by the mainstream media, and/or are dumpers, just wanting some to sell out..I cant help em'...one can argue until blue in the face, but when something this big is emerging in front of your face...(that's those in the know)...you cant stay on the pot...you gotta get up and be a big boy and get the toilet paper yourself and quit whinin for momma!...lol...

P.S...To state what some of these jokers state as per fact, and the stuff that they make up in volumes, with NO substinance...I wonder how many of these jokers have ever even been to the middle east..or even outside the county they live in?..lol...

[sandyf]

No problem dontlop...as there are probably thousands of things, even more signifigant than this type stuff, in just the past 3 to 4 years, that is very signifigant, signifying that Iraq will be a monetary giant to be reckoned with...just because some are potty trained since birth by the mainstream media, and/or are dumpers, just wanting some to sell out..I cant help em'...one can argue until blue in the face, but when something this big is emerging in front of your face...(that's those in the know)...you cant stay on the pot...you gotta get up and be a big boy and get the toilet paper yourself and quit whinin for momma!...lol...

P.S...To state what some of these jokers state as per fact, and the stuff that they make up in volumes, with NO substinance...I wonder how many of these jokers have ever even been to the middle east..or even outside the county they live in?..lol...

 

A very arrogant statement. I for one served in the gulf area not far from Dubai on 1970. No oil then so no Americans around disturbing the peace.

Before anyone gets all hot under the collar, i have worked alongside the American military in East Anglia ,Germany and Sardinia and know what they are like.

I wonder of you know where Sardinia or Sharjah is.

[4aprofit]

It's fine if some dont like what I post, as it is directed at those who know who I am talking to, especially if they bash an investment of mine that I have already had long-term gains in...and then they want to basically in essence, tell me I'm stupid and it's a fraud or a scam...while what I'm spending out of my pocket daily here, has in many instances lost half it's purchasing power...but they say nothing about that scam or fraud...come on..where are these clowns coming from, especially as per judging something before it has even finalized as per the end result...these are the facts...take the facts how anyone wishes to...as no one can be this ignorant..whether they've been across town or around the world...lol...

 

I believe many of these naysayers are sent to these sites to deter speculation, as per getting people to sell dinars back, as the spread is about the same going either way...

 

I have nothing against where some have worked around the world, as this is about an investment...not jobs...I have friends that even retired from working the entire middle eastern region...and from what they and I have seen, it would stagger the imagination as per what Iraq is really doing...you wont get this info. on the 6 oclock edition news tonight...but it is coming..Iraq will be an economic powerhouse of unimagineable strength...

[Brazen]

It's fine if some dont like what I post, as it is directed at those who know who I am talking to, especially if they bash an investment of mine that I have already had long-term gains in...and then they want to basically in essence, tell me I'm stupid and it's a fraud or a scam...while what I'm spending out of my pocket daily here, has in many instances lost half it's purchasing power...but they say nothing about that scam or fraud...come on..where are these clowns coming from, especially as per judging something before it has even finalized as per the end result...these are the facts...take the facts how anyone wishes to...as no one can be this ignorant..whether they've been across town or around the world...lol...

 

I believe many of these naysayers are sent to these sites to deter speculation, as per getting people to sell dinars back, as the spread is about the same going either way...

 

I have nothing against where some have worked around the world, as this is about an investment...not jobs...I have friends that even retired from working the entire middle eastern region...and from what they and I have seen, it would stagger the imagination as per what Iraq is really doing...you wont get this info. on the 6 oclock edition news tonight...but it is coming..Iraq will be an economic powerhouse of unimagineable strength...

 

 

 

 

Economic powerhouse? They have 30 million people who have zero skills as a work force. They may double or even triple their oil output over the next 20 years but even if they do they will still be economic pi$$ ants with a 200 to 300 billion GDP a year.

 

You think naysayers are sent here to deter speculation so people will sell dinar yet your wishful thinking feel good post are suspicious to say the least as far as pumping up dinar sales go.

[sandstorm]

4aprofit, how many novels before you let it go? At times, youve just argued with yourself. why camp oit in the lop section, if your tired off the replies?

Its like your taking a stick and hitting a bees nest, and wondering why your getting stung!

[RVPleaseToday]

"especially if they bash an investment of mine that I have already had long-term gains in"

 

Well, technically, you only have real world gains when you cash it in, and see how much is left after the spread and taxes.