The World Bank: Iraq in the world ranked 174 among 183 countries on the business (story includes a rate)

[hablrob]

put the ball in the hole happy.

[librapeace]

I believe its not properly translated ?/

when you try to translate this article in google it says like this "350 thousand dinars (300 dollars), then about 900 thousand dinars (770 dollars)"

So nothing exciting in this info??

I second this statement...confirmed through SDL professional translation and also Google.

[Realdinar]

There are two kinds of articles that come out of Iraq:

1. "We plan to delete the 0's"

2. "We plan to raise the value of the Dinar"

The two types of stories are contradictory to a point - deleting the 0's is a no-gain operation. Raising the value could mean a little or a lot of gain.

Personally, I think they plan on making some money by playing with the exchange rate.

The questions are:

1. When?

2. How much?

.... and so, we wait.

P.S. YEAH I KNOW there are more articles that come from Iraq than those two subjects!!!! Cut me a break please

I think it should be mentioned that they are very good at planning. They plan, they plan, they plan. Years and years. Years and years. Another Year goes by. I mean even this country has slow moving officials in Washington, but nothing like this. I have never read or heard of anything like this before. Where a country always plans to do something, 3,4,5,....8 years go by...nothing. What a wonderful legacy! Ill tell ya boy, Iraqs leaders are real history makers.

A great idea would be to build like a ten ft statue of shabibi and maliki in downtown baghdad. On a plaque, engraved, should read, "The greatest planners in the history of the world".

[RocketDinarest]

I just read the article in Arabic, it says 350 thousand, and 900 thousand dinars. Sorry didn't mean to rain on your parade!

[tning70]

I'm in at .12

[fastarnie]

No disrespect Adam but why would we be fools? if it comes out at .85 cents im only cashing in a minmal of what I need to for bills and stuff. We all know its gonna go up if we dont get a cash in window i am holding out for sure that would be the smart thing to do but to eaches own i suppose. They have major potential for the dinar to reach 4-5 dollars in the near future not saying i will hold that long possibly hold out to 2-3 bucks.

You are way to conservative man!!! be a risk taker Adam come on!! you can do it.

I can't speak for Adam, as for me I will get out. The area is way to explosive for my liking. Thousands of years of fighting will be hard to just stop. Hard to believe I stayed in as long as I have. I thought about ISX just don't know.

[Adam Montana]

They are indeed planners!

You have to give them credit, though - they formed a plan to stabilize the currency and it hasn't changed in YEARS. That's VERY impressive by any standard.

[tribear]

I believe its not properly translated ?/

when you try to translate this article in google it says like this "350 thousand dinars (300 dollars), then about 900 thousand dinars (770 dollars)"

So nothing exciting in this info??

It is a translation issue. The orginal documents say 900,000 dinars to a 770.00 USD, do the math it show you the artifical program rate of 1168.00IQD

Does anybody else see this too.

http://www.theatlantic.com/magazine/archive/2011/03/when-freedom-is-bad-for-business/8373/

[thatoneguy]

original article

http://www.theatlant...-business/8373/

Odd that at the conclusion of the article, the comment(s) section has comments dating back 6 months.

Ok, let me restate my earlier comment: I think .86 would be a great rate and if the market was even slightly unstable, I would cash out in a heartbeat! If there's a good chance we can hold until the rate goes up to $2-3, of COURSE I will hold.

But I'd happily skip and flip and cartwheel to the bank at .86!!!!

In my personal opinion, we are going to see it hit at around 12 cents. So again in my personal opinion - .86 will be big big big and there's no way I will complain.

Early? I was just about to go to bed!

Adam, at $ .12 cents, wouldn't that just open the flood gates for the uninformed to buy up a grip of currency with almost certainty that it will rise? Maybe that IS what Iraq wants. I dunno. I'm not a foreign currency "trader". And if that in fact happens, does the value fall or go up? Anyone?

[poke salad annie]

Please read the article, it dorsn't say 350 dinar, it says 350 thousand. If you are going to post an article do it honest and right.

original article

http://www.theatlant...-business/8373/

It also states that 2,000,000 dinar is around 2,000 dollars. Wish it were and wish it might . .I'd take .86 in a heartbeat!

Edited August 9, 2011 by poke salad annie

[Adam Montana]

Odd that at the conclusion of the article, the comment(s) section has comments dating back 6 months.

Adam, at $ .12 cents, wouldn't that just open the flood gates for the uninformed to buy up a grip of currency with almost certainty that it will rise? Maybe that IS what Iraq wants. I dunno. I'm not a foreign currency "trader". And if that in fact happens, does the value fall or go up? Anyone?

Absolutely, but keep in mind that Iraq will also make money as the rate goes up. It's a win-win for everyone.

[PA10]

Hogs get plump and 'Pigs' get slaughtered. I'm with Adam, I'll take my .85 and kiss the ground with a sigh of relief! The first thing I want to do is shed the 000's and then reinvest in non-currency opps.

[Buckeye Pilot]

Well Crap!!

Son-Of-Beech, With Runny Horse Biscuits!! #&!@*$#!!#$!

I REALLY liked that article from K98, And someone had to come and Sh$t right in the middle of my BREAKFAST!!

Grrrrrrr.................................

[mikep05]

yep that's in hundred thousands people nothing new

[bagdaddy]

I believe its not properly translated ?/

when you try to translate this article in google it says like this "350 thousand dinars (300 dollars), then about 900 thousand dinars (770 dollars)"

So nothing exciting in this info??

I'm will the guy with 15,000+ posts. How do you do that 98?

[TimS]

Don't get too excited...someone just left out a decimal in the translation.

[Dynomike]

I always banked on a Nickle!!!!, I'll take .86 anyday,,,, one hell of a profit!!!!,,,,,yeeeeeeee aaaaaa Hoooooooo!!! GRV!

[abutchbaker]

Good find let's RV!!!!!!!!!!

[debunker]

Lets not all get too excited. Honest mistake i'm sure.

Good post, but lets be careful on translations.

Debunker out.

[N2DEEP]

In my personal opinion, we are going to see it hit at around 12 cents. So again in my personal opinion - .86 will be big big big and there's no way I will complain.

Adam,

Why do you think 12 cents? Hows that going to help? the iraqi people will still have to bring a wheelbarrow of money to buy stuff!!

Edited August 9, 2011 by N2DEEP

[Adam Montana]

In my personal opinion, we are going to see it hit at around 12 cents. So again in my personal opinion - .86 will be big big big and there's no way I will complain.

Adam,

Why do you think 12 cents? Hows that going to help? the iraqi people will still have to bring a wheelbarrow of money to buy stuff!!

We're just going to have to agree to disagree here - I think an increase like that is a major deal and will help the country tremendously.

[N2DEEP]

Well Crap!!

Son-Of-Beech, With Runny Horse Biscuits!! #&!@*$#!!#$!

I REALLY liked that article from K98, And someone had to come and Sh$t right in the middle of my BREAKFAST!!

Grrrrrrr.................................

LMAO!!!!!!!!

We're just going to have to agree to disagree here - I think an increase like that is a major deal and will help the country tremendously.

Adam, do belive any of this hype about 2morrow being the day?

[estewart]

No disrespect Adam but why would we be fools? if it comes out at .85 cents im only cashing in a minmal of what I need to for bills and stuff. We all know its gonna go up if we dont get a cash in window i am holding out for sure that would be the smart thing to do but to eaches own i suppose. They have major potential for the dinar to reach 4-5 dollars in the near future not saying i will hold that long possibly hold out to 2-3 bucks.

You are way to conservative man!!! be a risk taker Adam come on!! you can do it.

SAME!

(Ran outa plussies, sorry.)

[JOLLY ROGER]

Ten cents?? Not buying it ! OH HELL....LOW RATE.....I NEED TO BUY SOME DINAR!! AND NOW!!

Very effective method for dealers to sell more.

[Adam Montana]

Adam, do belive any of this hype about 2morrow being the day?

My opinion remains the same - I don't think we're looking for an RV until after Ramadan.

I'm sorry if that makes anyone mad, but hey - I never said I was here to tell you what you want to hear!

I'm here to tell it how I see it.