nyc xtreme Posted April 8, 2011 Report Share Posted April 8, 2011 “The Iraqi Dinar will revalue, and reach a value of 3 Dinars per 1 U.S. dollar, or better, by November 6/2013. Currently, as of November 6/08, the exchange rate is 1176 Iraqi Dinars, per U.S. dollar.” PREDICTOR Tim Wiebe 2 10 Link to comment Share on other sites More sharing options...
explorer Posted April 8, 2011 Report Share Posted April 8, 2011 Tim Wiebe is cordially awarded the.............. “The Iraqi Dinar will revalue, and reach a value of 3 Dinars per 1 U.S. dollar, or better, by November 6/2013. Currently, as of November 6/08, the exchange rate is 1176 Iraqi Dinars, per U.S. dollar.” PREDICTOR Tim Wiebe 4 1 Link to comment Share on other sites More sharing options...
arycroft2000 Posted April 8, 2011 Report Share Posted April 8, 2011 This is close to my prediction as well. I cannot see the Fed, IMF, or World Bank to allow the over night revaluing of the Dinar to the tune of $3.22 : 1 (I use that # because that seems to be the one that gets tossed around the most). I imagine the revalue has indeed been signed off on and initiated.....but...an overnight change of that magnitude? No way. I foresee the dinar slowly appreciating against the dollar over the next two years to something more like $1 : 1 I just can't see the United States allowing some 500,000 or more of its citizens to become over night multi-millionaires. The only thing that gives me an inkling of hope is that the Kuwait Dinar is at like $3.5 :1 right now.....valued in its oil. Iraq has twice the oil reserves of Kuwait and most likely way more that is untapped/undiscovered. It certainly doesn't stand to reason that Iraq's currency wouldn't be in the same ballpark as Kuwait's at some point down the road. Iraq just needs to get its act together and its people united towards rebuilding the country. I have no misunderstandings on how herculean of a task that is....but they are only 10 years past the second Iraq war.....rebuilding a country doesn't happen overnight, no matter how many other countries are pouring funds into it. I remain hopeful......but I'm also realistic. 2 1 Link to comment Share on other sites More sharing options...
Jim1cor13 Posted April 8, 2011 Report Share Posted April 8, 2011 “The Iraqi Dinar will revalue, and reach a value of 3 Dinars per 1 U.S. dollar, or better, by November 6/2013. Currently, as of November 6/08, the exchange rate is 1176 Iraqi Dinars, per U.S. dollar.” PREDICTOR Tim Wiebe Thanks nyc The fellow you quoted has actually stated more fact than fiction, and you got all negs. Amazing, but I do not see it as being overblown at all. Not what anyone wants to hear, not enough hype, yet they miss what is being said...3 to 1 by 2013....now I do not necessarily agree with his predicted rate...but I would say his time frame is much more realistic than all the lies and hype. By 2013, it very well could see 3 to 1...but it will be over time...not all at once in my opinion. Not at all what has been predicted by others who are 100% in error but it is what keeps the sales going. I do tend to agree with the timing, do to the fact I would rather have Iraq get this right, then to squander their opportunity for growth. But this is just his prediction, but short and to the point. I would not buy anymore IQD even based upon his 3 to 1 rate by 2013.... Time will work out the details, but the IQD certainly will rise in value, at the proper time...not "any day now", although we would all like to see that, but too much yet on the table to even consider any manner of imminent revaluation. Their house is not in order, and will not be for some time, but progress is being made, slowly, but steadily. Thank for the post All my best! Jim --- 1 Link to comment Share on other sites More sharing options...
JuryPicker Posted April 8, 2011 Report Share Posted April 8, 2011 Nobody knows. And that's not an opinion, Link to comment Share on other sites More sharing options...
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