OLDER-BUT VERY TELLING- IMF INFO

[dinardarius]

Hi all, I've only been at this for three months and have enjoyed the ups and little up's. This is a little old, from October, BUT i belive it is very telling!! when is the very end of the year in IMF land? I also belive that when it does happen it will happen on an end of a work week IN the USA. Here's hopen it's tonight Hope everybody has at least a mil of Dinars Hats off too all, GOD bless, HAPPY NEW YEAR DINAR-DARIUS ( NEWBEE ONE KANUBEE )

Iraq Announce New Oil Reserves

October 23, 2010 10:48:23

Oil Ministry spokesman Assem Jihad said Thursday the ministry would announce the revisions, which he described as “big”. He did not provide additional details at this time but Iraq is now consider to have the second largest oil and gas reserve on earth.

The announcement comes after Iraq resumed oil exploration. For years, such efforts to anounce revisions were ignored due to war, U.S. sanctions and the expulsion of foreign firms from the country. Many oil experts believe the largely unexplored western region holds large, undiscovered, reserves that might tripple Iraq’s production.

Iraq last year awarded 12 oil contracts to international oil companies, and aims to raise its output as well as add more contracts within the next 6 months.

International Monetary Fund (IMF) C-8

A source from the International Monetary Fund claims that the revaluation will take place later this year. He claims that most of Iraq’s debt has been set to be forgiven. He believes the value is going to be in the $3.55 range.

(Note to this IMF Statement, no new releases have been made to support this release date. It is the general consensus that the statement was based upon the UN s release of Iraq from bankruptcy and one stipulation was that all issues between Kuwaiti and Iraq be resolved. As of today all their issues have been resolved, in theory, and as soon as the new government is seated, formal documents will be put in place)

Please remember that the day that the pre dinar revalue announcement is made will be the day that the dinar CHANGES IN PRICE, unofficially, even if the announcement states the change will be in effect in 30, 60 or 90 days. No one will be selling dinars at the discounted rate after this announcement. There is a very good chance that this per revaluation announcement will be made to allow dealers, banks, business and government offices a responsible time to prepare for this adjustment.

Prior to the Gulf War, 1 million Iraqi Dinar = US $3,200,000

Now you can buy 1 million Iraqi Dinar for $1100.00

If the Iraqi Dinar appreciates to just one penny,

then 1 million Iraqi Dinar = US $10,000. You profit US $9,005

If the Iraqi Dinar appreciates to the pre-Gulf War rates,

then 1 million Iraqi Dinar = US $3,200,000. You profit US $3,199,005

Prior to Saddam Hussein invading Kuwait: 1 million Kuwaiti Dinar = US $2,790,000. After the Kuwaiti invasion by Iraq: 1 million Kuwaiti Dinar = US $ 100,000.

Today: 1 million Kuwaiti Dinar = US $3,423,900. That’s a 34-fold increase!

GO RV !

[learning all i can]

I Like "LATER THIS YEAR" Y E S.... there is still time for us

thank you for this encouragement.......WON"T BE LONG NOW

GOOOOOOOORVVVVVVVVV

[wgb52]

The IMF NEVER said this. Please post facts with links or not at all.

[rwharnden]

Darius, Thanks for posting Buddy! And welcome to the RIDE; I think you may have jumped on board in the nick of time!

[singaporesling]

While it is presented as IMF info, it IS posted in Rumors, and as such should be taken with a grain of salt.......and no links required in Rumors!