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Med's Chat - 11/12/10 - 1:00am CST

whiterose

By whiterose,
in Chat Logs

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whiterose Newbie

whiterose

Posted
Posted

Med says to (02:15:27):

MADE IT TO WHERE I WANTED THIS WEEK

AND I AM HAPPY

NOW WE ARE ON ANOTHER ADVENTURE GANG

WE MADE IT OVER ONE MAJOR HURDLE

THE MOST TROUBLING ONE

NOW WE ARE MOVING DOWNHILL

WE ARE ON A COUNTDOWN OF 30 DAYS OR LESS

LIKE I SAID WHEN THE GOVT FORMS

WE WILL BE WALKING INTO AN RV

redgoblin26 says to (02:21:26):

does the g20 meeting have affect on issues in iraq

Med says to (02:22:03):

NO

PLEASE DON'T WORRY ABOUT OUTSIDE EVENTS

THEY HAVE NO IMPACT ON WHAT IS GOING ON IN IRAQ

OR THAT WE NEED TO WORRY ABOUT

THE ISSUE IS THE CENTRAL BANK OF IRAQ

THEY HAVE HAD A PLAN THAT THE IMF PUT IN PLACE FOR THEM IN 2003

THAT IS THE COURSE THEY ARE RUNNING

I AM GOING TO GIVE A BRIEF RUNDOWN

SO EITHER READ IT IN THE CHAT FORUMS

OR PAY ATTENTION

IN JUNE SHABIBI CAME OUT AND STATED

THEY WERE GOING TO REMOVE 3 ZERO'S FROM THE CURRENCY

ALL THOUGHT IT WAS GOING TO BE A LOP

THEN AGAIN IN JULY

SHABIBI AGAIN STATED THEY HAD DECIDED TO GO AHEAD AND REMOVE 3 ZERO'S

HE STATED THEY NEEDED TO DO SO BECAUSE IT WOULD JUMP START THE ECONOMY

BUT THAT IT WAS GOING TO BE GIVEN TO THE NEW GOVT WHEN IT FORMS

AGAIN IN AUGUST THEY AGAIN SAID THAT THEY WERE GOING TO REMOVE 3 ZERO'S FROM THE DINAR

BUT WERE AGAIN GOING TO WAIT FOR THE NEW GOVT TO FORM

AND THEN IN SEPT THEY STATED AGAIN THEY WERE GOING TO REMOVE 3 ZERO'S

BUT NOT FROM THE CURRENCY

BUT FROM THE NOMINAL RATE OF EXCHANGE

AND THAT THIS WOULD BE DONE WHEN THE GOVT WAS FORMED "DIRECTLY"

WHICH IN WEBSTERS

MEANS IMMEDIATELY

BUT THEY ALSO SAID THEY NEEDED TO COORDINATE

WITH THE MOF AND POSSIBLY GET A VOTE FROM THE PARLIAMENT

BECAUSE OF THE IMPACT IT WAS TO HAVE

DURING THIS TIME

THE WTO CAME OUT TWICE

AND STATED THAT IRAQ NEEDED TO CLOSE THE GAP BETWEEN THE DINAR AND THE USD

AND THE IMF CAME OUT AND STATED THEY NEEDED TO DO SO ALSO

IN FACT DEMANDING IT

THEN JABR

THE MINISTER OF FINANCE

ALSO DEMANDED THAT SOMETHING BE DONE

AND THEY HAVE BEEN ON BOARD SINCE FEBRUARY OF 2010

ON THEM CHANGING THE RATE OF EXCHANGE

AND WERE BEHIND IT

SO THAT ISSUE IS RESOLVED

NOW IT APPEARED THAT THE CENTRAL BANK WAS POSSIBLY GOING TO RV

BEFORE THIS WAS SETTLED

BUT MP'S

CAME OUT AND STATED THAT THEY COULDN'T

THAT THEY WERE IN A CARETAKER GOVT

AND THAT THE MOF COULDN'T BACK IT UNDER THOSE CIRCUMSTANCES

THEY HAD TO WAIT TILL THE NEW GOVT WAS FORMED

I BELIEVE THIS WAS DONE SO THAT THE NEW GOVT COULD TAKE SOME OF THE CREDIT

NOW WE ARE ON THE LAST LEG

ACCORDING TO THE CENTRAL BANK

THEY HAVE STATED NOTHING ELSE BUT THEY WERE ONLY WAITING FOR THE GOVT TO BE FORMED

WE HAVE NOW ENTERED THAT LAST STAGE

THOSE ARE THE FACTS

NOW YOU CAN SPECULATE

THAT WELL THEY COULD DO IT MAYBE

WELL I AM NOT INTO MAYBE'S

THE FACTS AS WE KNOW IT IS THAT WHEN IT IS FORMED

THEY PLAN TO CHANGE THE NOMINAL RATE OF EXCHANGE

AND THE ONLY RATE THAT WE CAN COME UP WITH BY REMOVING 3 ZERO'S FROM THE NOMINAL RATE IS

$.86

NOW THERE IS NO ONE OUT THERE THAT HAS ANY SECRET INTEL OR SOURCES THAT CAN PROVE THAT IS NOT THE RATE

COULD IT BE HIGHER

YES

BUT IT IS NOT GOING TO BE $5

OR PROBABLY EVEN IN THE $3

I TALKED TO LANACHY ABOUT IT TODAY

HE SAID THE BEST TO LOOK AT IS THE EURO

RATE OF EXCHANGE

SOMEWHERE AROUND $1.40 OR SO

BUT HE CAN'T SEE IT DOING ANY BETTER THAN THAT

UNLESS KUWAIT HAS AN INFLUENCE

AND I AM NOT REALLY SURE ON THAT

WE ONLY HAD RUMOR ABOUT IT

AND SO FAR RUMORS

HAVE BEEN BATTING ZERO

SO THAT IS WHERE WE ARE NOW

AND WHERE WE ARE MOVING FROM AT THIS POINT

I JUST WANT TO BE CLEAR

ON WHERE I STAND

AND SO FAR US DEALING WITH FACTS

HAVE KEPT US GROUNDED

AND PUT US ON THE RIGHT TRACK TO THE END

OF THIS ADVENTURE

dbear135 says to (02:42:57):

do we know if their going into a basket with others around them?

Med says to (02:43:08):

THEY HAVE TOO

THEY ARE PART OF THE MIDDLE EASTERN REGION

BUT THERE ARE ABOUT 13 COUNTRIES IN THAT REGION

THAT THEY ARE ALIGNED WITH

LIBYA IS ONE

KUWAIT

JORDAN

AND MANY OTHER

NOW WHO THEY WILL BE IN A BASKET WITH

I HAVE NO CLUE

OK ALL DONE

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jcav Newbie

jcav

Posted
Posted

I really have a hard time taking anyone seriously when they type in all caps... :(

Oh well. Too bad for you that something that minor bothers you. Good Luck.

I remember that Kuwait prefers that Iraq comes in at over $3.00 because of trade differences.

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icutiewatcher Newbie

icutiewatcher

Posted
Posted

Thanks for posting... There is so much posted and this actually seems realistic. If the RV comes in at 3 or 5+ how will they explain that across the world? Don't get me wrong, it will be a fun circus to be a part of, but it is really hard to get my mind around that high of a revalue. I read all the posts and I love the rumors, but man...what to believe is just tough! I'm must going to stay buckled up and see where we go next!

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Teresa82 Newbie

Teresa82

Posted
Posted

Oh well. Too bad for you that something that minor bothers you. Good Luck.

I remember that Kuwait prefers that Iraq comes in at over $3.00 because of trade differences.

I'm pretty sure that was not confirmed by anyone as of yet, can you post some proof of that statement? I would love it if it were true. I heard it too, but ....not so sure. :(

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yrchiro Newbie

yrchiro

Posted
Posted

The common thread in all of this comes back to a few people. Med is one of them. I personally appreciate what he has brought to the table here. I appreciate all the rest of the people who add to it.

Thanks to all of you, Now let's kick some Dinar Ass and get this thing in the box!

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ha ha Newbie

ha ha

Posted
Posted

Scooter says the rate was in 2010 budget at Behrain rate of 2.65.

Shabbs said in Egypt in April 2008 that the CBI strives to bring their currency to where it was in eighties. IMF says sometimes this year that the CBI should RV to a rate like its neighbor.

It was rumored about the rate of (1,49) which we all saw in November 2009 in Forex for 4 days and but was not approved by Maliki and decided to move it to the new Government to go at it at a higher rate. Hope we shall soon see who is right or wrong about the rate. My stand on this is, the rate will be close to Kuwaiti rate.

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Az Joe Newbie

Az Joe

Posted
Posted

I don't ever seeing anything that said the LOP would be off the exchange rate.I seen alot of people say it but never seen proof.I would love to see the proof.Every LOP story I have seen it says currency not exchange rate.GO RV!!!!!!!!!!NO LOP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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Doc31 Newbie

Doc31

Posted
Posted

Scooter says the rate was in 2010 budget at Behrain rate of 2.65.

Shabbs said in Egypt in April 2008 that the CBI strives to bring their currency to where it was in eighties. IMF says sometimes this year that the CBI should RV to a rate like its neighbor.

It was rumored about the rate of (1,49) which we all saw in November 2009 in Forex for 4 days and but was not approved by Maliki and decided to move it to the new Government to go at it at a higher rate. Hope we shall soon see who is right or wrong about the rate. My stand on this is, the rate will be close to Kuwaiti rate.

Yep and there are articles in the archives where Kuwait wants Iraq to come in near but just under them ... not a penny more if you will. NO I am not willing to spend the time to find it. There are several. Kuwait promises that if they do that Kuwait will assure them a place in the GCC. That is where I would start ... there are fewer GCC articles. Frank26 refers to it periodically.

The MOF ran numbers in 2009 and If memory serves ... came up with $1.79 that the parliament promptly rejected and sent them back to raise the price. The number that they came back with was $3.21somethingsomethingsomethingsomething out about 10 places and that it was possibly 20% low. This is where Frank26 gets his $3.86 ... although I'm not sure that the 20% was to be added to that value ... I thought that it was more of a fudge factor for inflation that might occur with the RI/RV ... but hey ... I'm no economics/finance guy.

Peace

Doc31

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Richardk Newbie

Richardk

Posted
Posted

As history has shown us in the past. De-valued currency when it comes back to the world market, is reinstated to levels it was at before being de-valued. IMO it will come back at 3.22 or possibly equal to and or greater than the Kuwait Dinar. Some have even stated above the Kuwait Dinar to balance the trade between them. Per my discussion I had with a Navy contractor, he stated that 3.22 is the number the Iraqi's believe and are waiting for. See "Iraq Info from a US Navy Contractor" on Nov 5th.

Go RV/RI B)

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mr john Newbie

mr john

Posted
Posted

I really have a hard time taking anyone seriously when they type in all caps... :(

You must be new in the dinar game. He only types in caps because he thinks he is important/a guru dont let it bother you, and to be honest I have more contacts than him ---but this aint a pissin match. We all are here for our own reasons--mine the Iraqi people, others for profit. I dont judge others. Best of luck.

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