RV before or after chapter 7 release

[goldorsilver]

I wonder how much longer after chap 7 release will the " so called " RV be ?.......................days ? weeks? months ? years ? EVER ?

[jmw2]

Dontlop...maybe you need to re-read my post...I said AFTER release from chapter 7...and since they are currently a pegged currency they have to back it with liquid assets...didn't say they couldn't change it...just where they are right now...if they went to a managed float or float do you think the money supply wouldn't matter any longer?...either way being released from chapter 7 has no impact on the value of the dinar.

[ALBUNDY]

After the disposal of   the international provisions  INCREASE in the VALUE of the  IRAQI  DINAR

 

 

 

29-06-2013

 

Hours after rid Iraq of the provisions of Chapter VII of money, saw the exchange rate of the Iraqi dinar rise against the dollar.

 

 

 

According to a member of the Association of private banks Hilfi, the sword, "the Iraqi dinar exchange rate against the U.S. dollar saw a return to a normal pace after the decision to remove Iraq from the provisions of Chapter VII."

 

 

 

Hilfi said in an interview (Center Brief for the Iraqi Media Network): "The rates of the dinar exchange rate against the dollar stabilized at 1210 dinars per dollar," pointing out that the COMING DAYS will witness a RISE CONTINUOUSLY to the VALUE of the IRAQI DINAR.

 

 

 

And ills Hilfi so that the bypass provisions of Chapter VII gain large, and EVERYONE BECOME CONFIDENT in IRAQI DINARS, especially in light of the large financial reserves of Iraq.

 

 

 

He added that the coming stage will witness a new investment-oriented is turnout companies and investors and citizens to invest in the Iraqi dinar, stressing that the economic landscape readings indicate the presence of a great demand for the dinar will contribute to RAISING the EXCHANGE RATE against FOREIGN CURRENCIES.

 

 

 

 

THE LINK : http://www.sotaliraq.com/mobile-news.php?id=106239#axzz2XTXc9V5i

Edited June 29, 2013 by ALBUNDY

[jv1054]

I seem to recall having read somewhere, that Iraq has to have a trade able currency before they are released from chapter 7. Did I imagine that, or is it true (or not)?

DannyIts

 

June 28th and chapter 7 has been lifted any feedback or did I dream this news?  I received Adam's report and I'm thinking this is not true.  He claims he is shuting the door to new members Saturday.  That would be monumental.  Whats up with that?.  Funny thing  is I looked up GIDAssociates and thieir price to buy is down to $980 per million IQD.    .jv1054

Edited June 29, 2013 by jv1054

[Broadzilla]

Not me. I am using some of it to take revenge against my enemies.

That cracked me up. I love the refreshing honesty.