neolife Posted February 2, 2010 Report Share Posted February 2, 2010 Anxiously waiting! Link to comment Share on other sites More sharing options...
catwood55 Posted February 2, 2010 Report Share Posted February 2, 2010 Let's just make it happen.....Please. Link to comment Share on other sites More sharing options...
gable01 Posted February 2, 2010 Report Share Posted February 2, 2010 Enorrste I appreciate your work, however I see Iraq coming out at $3+ Link to comment Share on other sites More sharing options...
whoknows?? Posted February 2, 2010 Report Share Posted February 2, 2010 so i just have to reply to this!im just a dumb gunslinger but i have been in iraq since 2004, i kinda know this place.So the lowest bill they currently have is the 50 dinar note, if it revalues immediatly to 3.86 your telling me a shwarma is going to cost 193 dollars? they cant make any change for it. So.....its called inflation, they have been doing everything in there power to prevent it thus far, we wont see a big RV. Link to comment Share on other sites More sharing options...
afghanman Posted February 2, 2010 Report Share Posted February 2, 2010 The 4th argument is for the RI, Reinstituting the pre-Sadaam value of the currency. It has historical merit in that it was based on a floating currency commensurate with oil production. I believe that value was 3.22 dinar per dollar and at that rate it would accomplish all other goals, it's investor proof, its on target for the GCC, and best of all it saves face from Kuwait, as Iraqis can boast that they had nothing to do with Sadaam's invasion and are returning to its historic pre-Sadaam roots. Link to comment Share on other sites More sharing options...
Mongo Posted February 2, 2010 Report Share Posted February 2, 2010 9. Can we reasonably arrive at a rate?[Analysis]All of the discussion thus far has been based upon solid documentation. However when it comes to talking about a possible rate for the RV there is no documentation. We have lots of speculation and rumors about rates, from $.10 to $3.86 for the dinar. None of those is based on anything solid, unfortunately.There are sites that talk about seeing numbers on bank screens, but this too has not been verified.We are therefore left with this wide range of values and no facts. However, we need to ask ourselves if there is a way to use logic and reasoning to narrow that band somewhat.Let Link to comment Share on other sites More sharing options...
penski Posted February 2, 2010 Report Share Posted February 2, 2010 I will take .10 any time. It would be better than any stock investment i've had recently. Link to comment Share on other sites More sharing options...
willettemc Posted February 2, 2010 Report Share Posted February 2, 2010 Enorrste Thank you for info Link to comment Share on other sites More sharing options...
jeff stevens Posted February 2, 2010 Report Share Posted February 2, 2010 Your information is always so great to read. thank you os much Link to comment Share on other sites More sharing options...
lburns Posted February 2, 2010 Report Share Posted February 2, 2010 Good thoughts...I have always believed that it would have to rv over at least $1- $1.50 to mean anything if its any lower will it even help Iraq...So with that Im thinking $2- $3..... Link to comment Share on other sites More sharing options...
lburns Posted February 2, 2010 Report Share Posted February 2, 2010 We can only guess at the rate and date...within reason.....I pray it is soon Link to comment Share on other sites More sharing options...
beamerone Posted February 2, 2010 Report Share Posted February 2, 2010 I hope we see more than .10. That would be a good investment sure.... but not a life changing investment that many have hoped for. 2.47 - 3-86 that would do some serious changes to many of our credit card bills.... house payments... quality of education for our children heading for university..... ect. Unless you have extra dinar in your back yard somewhere that the IRS dosen't know about......... Link to comment Share on other sites More sharing options...
decalking Posted February 2, 2010 Report Share Posted February 2, 2010 I say it will be close to the euro Link to comment Share on other sites More sharing options...
beamerone Posted February 2, 2010 Report Share Posted February 2, 2010 Euro would make me happy....! Link to comment Share on other sites More sharing options...
diane10718 Posted February 2, 2010 Report Share Posted February 2, 2010 Thanks for the post Enorrste. You bring up good points for each scenario however again it is your opinion and may or may not be fact. I enjoy your postings regardless if I agree or disagree. Link to comment Share on other sites More sharing options...
popo24 Posted February 2, 2010 Report Share Posted February 2, 2010 Nobody seems to want to answer the money supply issue. I get your point about other countries holding their IQD for an amount of time so their economy doesn't crash, however they still have a lot of dinar in circulation. I believe it is safe to assume that there is anywhere between 15-45 trillion dinar in circulation. Put that at 1:1 and its bigger than the US economy, put it at 3.86:1 and you've got something that's about 1/3 of the world economy, or more. Link to comment Share on other sites More sharing options...
DeliverTheWord Posted February 2, 2010 Report Share Posted February 2, 2010 Yes but the point is not really the rate but the stability of Iraq represents the future of oil. Not just for the US but for the world in general. It would be nice after this long wait to come in at $3.86 and that would be such a blessing to many. Link to comment Share on other sites More sharing options...
trishberg Posted February 3, 2010 Report Share Posted February 3, 2010 This might should be posted under a different thread but something began bothering me as to why this currency has not RVd yet. Has anyone wondered if the GOI wants to RV? If they would not want an RV, then why?It hasn't happened for various reasons. The best way I can think to describe it is a chess game and all the pieces need to be in place. We only see a small portion of the picture. (Sometimes the little I see makes my head spin) The rv/ri involves the cooperation of several nations and political organizations. I researched the evolution of the U.S. Currency and realized from what we've read thus far, in comparison, Iraq has made a lot of progress in a short amount of time. Link to comment Share on other sites More sharing options...
HooperG Posted February 3, 2010 Report Share Posted February 3, 2010 Very interesting! Link to comment Share on other sites More sharing options...
trishberg Posted February 3, 2010 Report Share Posted February 3, 2010 Nobody seems to want to answer the money supply issue. I get your point about other countries holding their IQD for an amount of time so their economy doesn't crash, however they still have a lot of dinar in circulation. I believe it is safe to assume that there is anywhere between 15-45 trillion dinar in circulation. Put that at 1:1 and its bigger than the US economy, put it at 3.86:1 and you've got something that's about 1/3 of the world economy, or more.This was discussed in a chat about two weeks ago and I'm going off of memory. From what I remember a large portion of the trillion is still in CBI. It is available for circulation, but not in the hands of any entity. Link to comment Share on other sites More sharing options...
charlie911 Posted February 3, 2010 Report Share Posted February 3, 2010 we shall see Link to comment Share on other sites More sharing options...
^theStig Posted February 3, 2010 Report Share Posted February 3, 2010 vvery good, hope to hear more about it Link to comment Share on other sites More sharing options...
fatcat Posted February 3, 2010 Report Share Posted February 3, 2010 1.50 to 3.00 Link to comment Share on other sites More sharing options...
Duce Posted February 3, 2010 Report Share Posted February 3, 2010 one KWD is not $3.90 according to xe.com it is $3.47. And I may be wrong, but the last time I checked all of the GCC countries, the average was no where near the $3.50 range. I think it was around the $2.00, but I cant remember. I do appreciate all of this detailed info and it does sound very good. thanks Link to comment Share on other sites More sharing options...
wynne74 Posted February 3, 2010 Report Share Posted February 3, 2010 From my point of view, I am not really concerned about the rate, as long as it is above $0.10.... Excellent write up though, thank you. Link to comment Share on other sites More sharing options...
Recommended Posts