yota691 Posted October 12, 2023 Report Share Posted October 12, 2023 Moody's: Iraq's economy is exposed to great risks Moody's logo in New York. "Reuters" money and business Moody's, a credit rating company, confirmed that Iraq's economy is highly vulnerable to any decline in oil prices, which constitute 90% of government revenues. She confirmed in a report on the Iraqi economy, obtained by Al-Iqtisad News, that the government accounts are ambiguous and suffer from major shortcomings, as the non-oil sector is hampered by the lack. She added that Iraq needs to reduce corruption and improve public finances, to confront fluctuations in oil prices, explaining that the government’s default on debts owed to the private sector is on the rise, causing investors huge losses. She noted that hydrocarbon wealth is not fully exploited due to years of armed conflict, international sanctions, and insufficient investment. She stressed that these factors, along with the political risks, made us half of Iraq at CAA, especially since 40% of the government debt is long-term local debt taken from the Central Bank and state-owned commercial banks. To download the file on the Iraqi economy, click here to watch download 331 views Added 10/11/2023 - 5:39 PM 2 1 1 Quote Link to comment Share on other sites More sharing options...
Bama Girl Posted October 13, 2023 Report Share Posted October 13, 2023 10 hours ago, yota691 said: She added that Iraq needs to reduce corruption and improve public finances, to confront fluctuations in oil prices, explaining that the government’s default on debts owed to the private sector is on the rise, causing investors huge losses. Yep! Where have we heard this before?? Iraq has a long way before getting itself in financial order! The question is: Does Iraq need to be in financial order to revalue its currency? I say yes but would love to hear other’s input. I don’t mind being corrected by those who know a lot more than I. 1 1 3 Quote Link to comment Share on other sites More sharing options...
md11fr8dawg Posted October 13, 2023 Report Share Posted October 13, 2023 1 hour ago, Bama Girl said: corrected by those who know a lot more than I. Well that wouldn't be me!!! 3 Quote Link to comment Share on other sites More sharing options...
3n1 Posted October 13, 2023 Report Share Posted October 13, 2023 3 hours ago, Bama Girl said: Does Iraq need to be in financial order to revalue its currency? everyone is just speculating BG , imo Saddam's dictatorship rein over iraq was total corruption at the highest degree and iraq was never under 2 dollars and the IQD was not blacklisted it traded internationally, they produced a fraction of oil they do today so no doubt something else is in control of iraq ,, World Bank , USA , IMF who knows whats at play but some other entity controls iraqs destiny ... cheers 1 1 2 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted October 13, 2023 Report Share Posted October 13, 2023 10 hours ago, Bama Girl said: The question is: Does Iraq need to be in financial order to revalue its currency? Did Kuwait need to be in financial order when Kuwaiti Dinar RVed/ RI before?? 2 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted October 13, 2023 Report Share Posted October 13, 2023 Might be code for " Another manufactured Crisis coming right up " 😄 2 1 3 Quote Link to comment Share on other sites More sharing options...
3n1 Posted October 14, 2023 Report Share Posted October 14, 2023 On 10/13/2023 at 5:45 AM, rvmydinar said: Did Kuwait need to be in financial order when Kuwaiti Dinar RVed/ RI before?? kuwait was not in financial disorder some try to compare the two countries history, iraq is not in control of their own affairs thats been clear for the last 20 years , so many vast differing factions within iraq and neighboring countries rule them , all the best rvmydinar ... we wait 1 2 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted October 14, 2023 Report Share Posted October 14, 2023 3 minutes ago, 3n1 said: kuwait was not in financial disorder some try to compare the two countries history, iraq is not in control of their own affairs thats been clear for the last 20 years , so many vast differing factions within iraq and neighboring countries rule them , all the best rvmydinar ... we wait Thanks for clearing that up. That means that's like comparing apple to orange then. Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted October 14, 2023 Report Share Posted October 14, 2023 3 hours ago, rvmydinar said: Thanks for clearing that up. That means that's like comparing apple to orange then. More like comparing a juicy Honeycrisp Apple to a blackened fuzzy mold covered Orange. Yep, I'm in that kinda mood with these Pin Heads today.🤣 2 1 4 Quote Link to comment Share on other sites More sharing options...
screwball Posted October 15, 2023 Report Share Posted October 15, 2023 On 10/13/2023 at 12:49 AM, yota691 said: especially since 40% of the government debt is long-term local debt taken from the Central Bank and state-owned commercial banks. In a GCR this debt gets wiped…. 1 Quote Link to comment Share on other sites More sharing options...
Theseus Posted October 17, 2023 Report Share Posted October 17, 2023 (edited) Please the Kuwaiti Dinar (KWD) never RVd nor RId before or after the war. Quote Misconceptions About the KWD “Revaluation” It is surprising how the misconception of a Kuwaiti currency RV is so widely accepted. The truth is that Kuwaiti citizens, United States military personnel, its allies, and private contractors all made substantial profits by exchanging old, black market KWD Series 3 notes for new Series 4 notes. This fact is often overlooked when the financial impact of the Iraqi invasion on Kuwait is discussed. The Gulf War did have an impact on the KWD exchange rate internationally. The Iraqi invasion led to the KWD’s depreciation to about $2.91 per KWD according to official archives by the International Monetary Fund. However, the KWD remained a relatively stable currency throughout the crisis and continued to be a valuable currency after the liberation of Kuwait. The table below provides a summary of the KWD exchange rate from 1986 to 1995. It shows that at no point did any “Kuwaiti RV” or a substantial change in value or correction take place. The KWD did not fluctuate internationally in value by more than about 4% from Series 3 notes in pre-war 1989 to Series 5 notes in 1995. Official IMF KWD Exchange Rates from 1989 to 1995: Year USD/KWD Exchange Rate 1989 (Series 3 notes in circulation) $2.94 1990 (Iraqi invasion) $2.91 1991 (Kuwait liberated and Series 4 notes issued) $2.89 1992 $2.93 1993 $3.01 1994 $2.98 1995 (Series 5 notes issued) $2.98 Conclusion The data above shows that the KWD exchange rate did not fluctuate significantly during the Gulf War crisis. The international exchange rate of the KWD was never below $2.90 during the crisis. After the liberation of Kuwait, the Kuwaiti government released a new fourth series of KWD notes and allowed citizens and foreign personnel to exchange old KWD notes for new ones at a one-to-one value. The KWD remained a stable currency throughout the crisis and continued to be a valuable currency after the liberation of Kuwait. My research into the Kuwaiti Dinar both during and after the Iraqi invasion revealed that it was never revalued as widely reported. Instead, the Kuwaiti government reissued its currency notes, allowing the old notes to be exchanged for the new notes at a one-to-one value locally. A very low, black market rate of KWD to US dollar, allowed many individuals to make substantial profits when exchanging the old, low priced notes for new notes at the prevailing high exchange rate. Edited October 17, 2023 by Theseus Quote Link to comment Share on other sites More sharing options...
Theseus Posted October 17, 2023 Report Share Posted October 17, 2023 (edited) Since Kuwait never Rvd its like comparing dog crap to prime rib. Tasty to the dog that eats its own crap. Edited October 17, 2023 by Theseus 1 Quote Link to comment Share on other sites More sharing options...
NoviceInvestor Posted October 17, 2023 Report Share Posted October 17, 2023 On 10/13/2023 at 10:34 AM, Bama Girl said: Yep! Where have we heard this before?? Iraq has a long way before getting itself in financial order! The question is: Does Iraq need to be in financial order to revalue its currency? I say yes but would love to hear other’s input. I don’t mind being corrected by those who know a lot more than I. I agree BG and the way are evolving in the ME it looks to me is they will be kicking the can down the road for a while yet. I no longer look forward with anticipation that my Dinar will realise any significant value in my remaining years. 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted October 17, 2023 Report Share Posted October 17, 2023 8 hours ago, Theseus said: Please the Kuwaiti Dinar (KWD) never RVd nor RId before or after the war. Since Kuwaiti Dinar never RVd nor RId, so how much chance do we have for the IQD to RV? Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted October 17, 2023 Report Share Posted October 17, 2023 8 hours ago, Theseus said: Since Kuwait never Rvd its like comparing dog crap to prime rib. Tasty to the dog that eats its own crap. Could you give us the example of other country that really really RVd / RId before? Quote Link to comment Share on other sites More sharing options...
Bama Girl Posted November 10, 2023 Report Share Posted November 10, 2023 On 10/17/2023 at 8:07 AM, rvmydinar said: Could you give us the example of other country that really really RVd / RId before? I can’t give you an example because I knew nothing about other currencies before I bought my first Dinar 13 years ago and still don’t. I would like to add a question to your question: Is there any other country who doesn’t have an internationally traded currency? Thanks 1 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted November 10, 2023 Report Share Posted November 10, 2023 Always remember they tell us one thing but really they're other things happening 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted November 10, 2023 Report Share Posted November 10, 2023 6 hours ago, Bama Girl said: Is there any other country who doesn’t have an internationally traded currency? Iraq? Iran? Quote Link to comment Share on other sites More sharing options...
Theseus Posted November 22, 2023 Report Share Posted November 22, 2023 On 10/17/2023 at 9:07 PM, rvmydinar said: Could you give us the example of other country that really really RVd / RId before? Can you? Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted November 22, 2023 Report Share Posted November 22, 2023 58 minutes ago, Theseus said: Can you? Nope. I don't know because Iraqi Dinar is my only and first investment in exotic currency. I will plan to invest other exotic currency , like Vietnam Dong or Iranian Rial IF I say again IF this Iraqi Dinar really really RV one day. Again, If I know the example of other country that really RV'd before , I already share with everyone here. Quote Link to comment Share on other sites More sharing options...
tjokie Posted November 22, 2023 Report Share Posted November 22, 2023 57 minutes ago, rvmydinar said: Nope. I don't know because Iraqi Dinar is my only and first investment in exotic currency. I will plan to invest other exotic currency , like Vietnam Dong or Iranian Rial IF I say again IF this Iraqi Dinar really really RV one day. Again, If I know the example of other country that really RV'd before , I already share with everyone here. Kuwait, post Gulf War. 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted November 22, 2023 Report Share Posted November 22, 2023 3 hours ago, tjokie said: Kuwait, post Gulf War. But I didn't invest in Kuwaiti Dinar at that time , therefore, I amn't really sure if the Kuwaiti Dinar really RV'ed or RI'ed at that time. By the way , did you invest in Kuwaiti Dinar at that time , did you? How much fold ( 100 folds or 1,000 folds ) did you make profit from the original investment? 1 Quote Link to comment Share on other sites More sharing options...
BETTYBOOP Posted November 22, 2023 Report Share Posted November 22, 2023 (edited) I REALLY DONT THINK IT IS ANY BODY'S BUISNESS TO ASK OF SOMEBODY INVESTED IN KUIWAIT OR HOW MUCH THEY POTENTIALLY MADE!! Edited November 22, 2023 by BETTYBOOP 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted November 22, 2023 Report Share Posted November 22, 2023 10 minutes ago, BETTYBOOP said: I REALLY DONT THINK IT IS ANY BODY'S BUISNESS TO ASK OF SOMEBODY INVESTED IN KUIWAIT OR HOW MUCH THEY POTENTIALLY MADE!! Did I ask you? Why didn't you just let tjokie answer my question? I think you are so impolite. 1 Quote Link to comment Share on other sites More sharing options...
BETTYBOOP Posted November 22, 2023 Report Share Posted November 22, 2023 20 minutes ago, rvmydinar said: Did I ask you? Why didn't you just let tjokie answer my question? I think you are so impolite. If you had asked me I would have told you the same as hope anybody else does.... it is NONE OF YOUR BUISNESS. you are the one who is rude and impolite 1 Quote Link to comment Share on other sites More sharing options...
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