Adams Wed chat 4-3-2013

[VIZIOIRAQI]

"[VIZIOIRAQI] RUM Several counties we are familiar with purposely keep their currency value low for competitive reasons. Concerning Iraq we are told their reason is to facilitate the rebuilding of the infrastructure more cheaply. What is the incentive in Iraq to changing this policy any time soon?

[Adam Montana] The observation is astute, and that's a good question. The answer is... NOTHING. There is really no reason for Iraq to keep it's currency falsely low... which is why I still believe in the investment. When they are ready to raise the value, they definitely have more reason to raise it than to keep it low. "

I have a question... can Adam or anyone answer this?.

 

Adam agrees with VIZIOIRAQ that there is no incentive in Iraq to changing the policy of keeping their currency low to facilitate rebuilding of the infrastructure more cheaply. But this is saying they have no incentive to raise the value of the Dinar.

 

I don't understand why Adam thinks this means Iraq has more reasons to raise the value. It would seem to be the opposite that Iraq has more reason to keep it low. It has always seemed logical to me that Iraq would want to keep the currency value low to stimulate foreign investments since foreign currency / investments go much farther when it is low... and that is what they need now, foreign investments.

 

Raising the rate will only chase away the foreign investors. The only incentive to raising the rate is to make the Iraqis themselves the primary investors in Iraq. But is that the best for the country right now? Is this country with its enormous religious/secular divide ready for that?

 

Cheers!

That Question was from RUM and I'll let Adam answer the Rest!

[Mntnman]

OOPS! Thanks VIZIOIRAQI! My mistake!

 

Cheers!

[Adam Montana]

Good question for next week's chat

[RodandStaff]

[VIZIOIRAQI] waitingondinar Adam, I read an article that stated the revenue numbers were rigged to throw off the IMF. Can you elaborate on this and tell us where we stand currently with progress towards RV. Are things still on track or does it look like things might drag out again. Thanks

[Adam Montana] "rigged"... well, I don't believe half the numbers that come out of the CBI, but I don't think they are rigged just to fool the IMF. I believe the CBI rigs their numbers to throw EVERYONE off. The more "in the dark" the public is, the easier it is to manipulate the rate... and they are very good at that

[Adam Montana] Good question though!

[Adam Montana] Next please!

 

Things may appear "rigged"... that may be their attempt at throwing

people off... but that's also how ya catch the fish... imo!!!   

 

Thanks for postin' VIz, and as always... thanks for the chat Adam.... just think... one day those "drive-by's" could be at the marina!!!     Mind lettin' us in on those fishin' hot spots?? ...or ya gonna keep those spots top secret???     

 

Come On RV Baby!!!