RobLe Posted August 14, 2011 Report Share Posted August 14, 2011 Hi All, I am trying to piece this all together. Yes, a lot of information and dis-information. I know that one needs to read as much as you can to catch up on all that is going on. My question is, (and I know this is only a quess) when does everyone expect an RV? I have read where the banks have been installing Del-a-Rue machines. I have read where Iraq has passed all of the major hurtles to get an RV approved. I have noticed a distinct difference in the chatter on forums, a kind of excitement like it it around the corner. I have read that politically, Iraq needs to get this RV passed. I have read where only Shabibi knows.... But, with all of the experts on this board, are there any Guess-timates as to when you feel this will happen? Do you think it will happen this year, this month? I have read so many different reports on what an RV will go for. I have read from .10 up to $8. Any questimate on this? I know no one would be here if they didn't HOPE for a profit. And we all like to image bigger than dreamed of profits. But what is the reality? I have read many times where this will be a once in a lifetime investment. Do you all feel that way? I look forward to you senior members responses. I just like to keep things reel. Thanks, 2 Link to comment Share on other sites More sharing options...
bamagirl Posted August 14, 2011 Report Share Posted August 14, 2011 I would like a $3-$8 RV tomorrow but my real guestimate is $1.17 with-in the next 2 months. Go RV, GLTA ad God bless!!!! 3 Link to comment Share on other sites More sharing options...
Sawmill Posted August 14, 2011 Report Share Posted August 14, 2011 I'm with you, bamagirl. 1.17 to 1.19 is my best guess. When? One guess is probably as good as another. Already been a long ride for many, but I definitely believe we are in the last stages of the process. I have bought what I intended to buy, so not buying any more, regardless of what I feel. Hope you stayed out of that tornado in Tuscaloosa. I live about a mile from the Joplin tornado. Oddly enough, I was in tuscaloosa when Joplin was hit! Small world. 3 Link to comment Share on other sites More sharing options...
TonyDownTheShore Posted August 14, 2011 Report Share Posted August 14, 2011 My guess-timate is when Shabibi releases it, and at whatever Shabibi thinks is good for their economy. 1 Link to comment Share on other sites More sharing options...
bamagirl Posted August 14, 2011 Report Share Posted August 14, 2011 Sawmill thanks for asking. I actually live just south of Tuscaloosa and we were very fortunate to be missed. I do hope your family and home is ok. Were you in town volunteering? I know there was a volunteer group here when the Joplin tornado hit, people are awesome. So many people came together and helped Tuscaloosa out it was just amazing, still is. 2 Link to comment Share on other sites More sharing options...
Hopeful_Investor Posted August 14, 2011 Report Share Posted August 14, 2011 What I personally want is 3.22. I'm not gonna lie, 12cents would be a great profit, but I really hope it's a lot more than that. 1.17 to 1.19 would be much better. At this point, and I realize I've only been invested since March, I've heard so many different rate quotes, I'm just ready for it to RV and be done with no matter what rate it comes in at. GO RV!!! 6 Link to comment Share on other sites More sharing options...
jon29 Posted August 14, 2011 Report Share Posted August 14, 2011 RobLe, thanks for the post. We all hope the Rv will be within the next few months with a rate of .10 or more usd for each dinar, but who knows. This could linger until next year, nothing happens quickly with politics and apparently there is always something new on the list that needs to be done (some people have been waiting 7 years for the revaluation). One piece of advice I would give is to not put much faith in anything the self proclaimed 'guru's say or many articles floating around on the internet, a lot of it is hype, persuasive writing, and misdirection by megalomaniacs. Always consider the source and the 'validity' of statements. Words are only words and talk is cheap (in fact, WORTHLESS). Here's hoping for a good Rv report from the only source that matters---- the CBI site. Peace. Link to comment Share on other sites More sharing options...
SurfingTheDinarWave Posted August 14, 2011 Report Share Posted August 14, 2011 Logically on a rate I could only go on what Shabibi has said in his visit to the USA where he did an interview on MSNBC, he said his currency would go back to the value of what it was pre-war plus 8-20% inflation over 8 years. which would put it around $3.40-$4.00 where he feels it needs to fall based on the strength of the dollar which is what it will be pegged to. As far as a date, it could be tomorrow, but logically Aug. 15th-Sept. 15th is the most logical time frame this year outside of that would take much more research after that time would pass, though much of what is coming out of Iraq now is mean't to confuse us cause it's not mean't for us to read. These are my best logical guesses based on the information that I have studied, and the feeling God has given me with my comfort level in this investment. The only real one who knows when is God, Shabibi is just the human logic doing his bidding! 5 Link to comment Share on other sites More sharing options...
umbertino Posted August 14, 2011 Report Share Posted August 14, 2011 Quote But, with all of the experts on this board, are there any Guess-timates as to when you feel this will happen? Do you think it will happen this year, this month? I have read so many End Quote It's truly impossible to tell....I have watched lots of Folks for 7 years try and do that and always they failed no matter how intelligent and well structured their reasonings were... Sorry. Link to comment Share on other sites More sharing options...
dog53 Posted August 14, 2011 Report Share Posted August 14, 2011 DOG GURU SAYS and I am never wrong so pay attention It will happen the moment it happens. and not before. There you have it. Thanks no need for applause 3 2 Link to comment Share on other sites More sharing options...
Tonycop Posted August 15, 2011 Report Share Posted August 15, 2011 My opinion and I have no contacts or info. I would think this is going to happen in a few months and I think it will come out at $3.41 based on reading what a few who seem to have some information on whats going on. $3.41 makes sense to me. Why in a couple of months? Iraq needs to get their apples lined up and its politics, so it wont happen soon. The way the US economy is going and the way the Wall St is effecting the world economy I think govts will push for it to happen. This would create a large influx of money into the economy . It is no secret Obama is looking for money. I think some shining star in Washington is going to bring it to everyones attention that an RV would bring money into the economy and thats exactly what Obama wants and an RV will mean not raising taxes on the rich. Now if the economy needs more money to get things moving dosnt it make sense to get as much out of the RV as possible? Thats why I think it will come out at least at $3.41. Thats just my opinion folks and I have no contacts. Link to comment Share on other sites More sharing options...
DinarBam Posted August 15, 2011 Report Share Posted August 15, 2011 A change in the value of the Dinar will happen after an official release of the new currency. Once re-denominated, it makes sense that the value will begin to rise at the pace that Iraq can sustain to successfully expand its GDP and support a natural rise in the value of its currency. There will continue to be many factors affecting this including security, financial sector infrastructure, the success rate of the Iraqi private sector in assimilating change and growth, etc. All these things have the likelyhood of being more difficult than anyones projections suggest, because regardless of all our hopes to the contrary, Iraq will continue to be lead by individuals who seek personal power over the good of the country, permit corruption as long as it furthers their own agenda, and fight amongst each other like the tribal society they are. I wish it were different, but what is it that any of you see that truly suggests otherwise. My opinion is based on what they are saying, policies they appear to be implementing, and the nature of the Iraqi state. Everything else would seem to be wishfull thinking. I have a substancial Dinar investment and hope for the best like anyone else, but I refuse to try and fool myself into thinking that some miracle event is just around the corner. A re-denominated Dinar on par with the USD sounds likely. It just isn't a windfall for all of us. By the way, I don't see how so many can continue to believe that Obama is somehow affecting this. Where is your evidence outside of pure conjecture? Sorry if you think I'm being a downer, I will be the first to say gladly that I was wrong if something else occurrs. 2 Link to comment Share on other sites More sharing options...
cooked Posted August 15, 2011 Report Share Posted August 15, 2011 Sometime between now and when the pigs come home. Here little piggy piggy Link to comment Share on other sites More sharing options...
gsxr600 Posted August 15, 2011 Report Share Posted August 15, 2011 As to when it comes in Im guessing not till next year. The rate I would say will be over 3.00, Why? because Shabibi has said it will be the strongest in the region. We know Kawait is over 3.00 so that give us a good idea. 1 Link to comment Share on other sites More sharing options...
magawatt Posted August 15, 2011 Report Share Posted August 15, 2011 Date: 8/25/11 Rate: $1.72 (but within a week it will be over $3.50). Don't ask me why. 2 Link to comment Share on other sites More sharing options...
umbertino Posted August 15, 2011 Report Share Posted August 15, 2011 Date: 8/25/11 Rate: $1.72 (but within a week it will be over $3.50). Don't ask me why. Why? 2 Link to comment Share on other sites More sharing options...
magawatt Posted August 15, 2011 Report Share Posted August 15, 2011 Why? Oh man, you had to go and ask. I think it will comeout higher than the 1.17 because it will please those in charge to exceed expectations- if only by a small amount. I think speculation that the dinar will go to $3+ will accelerate it's rise to that level. But please, do not mistake me for anyone who might have a clue. Link to comment Share on other sites More sharing options...
umbertino Posted August 15, 2011 Report Share Posted August 15, 2011 Quote Oh man, you had to go and ask. End Quote Of course. You provoked that just by writing "don't ask me why".......Smile... Thanks for your reply. Link to comment Share on other sites More sharing options...
txwWrestling Posted August 15, 2011 Report Share Posted August 15, 2011 I'm with about 90% of you guys anything .85 or more I'm all in..GO RV!!! Link to comment Share on other sites More sharing options...
Doctor Smith Posted August 16, 2011 Report Share Posted August 16, 2011 I don't think it should go past 2012. They are getting things done much quicker these days it seems. Whatever they are planning could happen any time. I'm not sure what the rate could be? Theoretically it has to be at a level were the buying and selling of the currency is balanced. Link to comment Share on other sites More sharing options...
BETTYBOOP Posted August 16, 2011 Report Share Posted August 16, 2011 For me £5.25 would be fantastic. I would be seriously rich ! However , I think realistically it will come in at between £1.00 and £1.75. Then it will climb. If it does I will cash in enough to pay off my immediate debt and then wait a little longer. I think it will happen some time in the autumn but wouldn't like to put a specific date on it. Why? The rate... Iraq needs a strong currency to assist economic growth. Shabbie has stated so and that he wished the dinar to be the strongest in the region. Why? In the autumn. Again iraq needs this. They are a fledgling country with hopes and dreams just like all of us. They need this to help the everyday people of iraq to have and develop better lives. The people of iraq, have had a short view of the western world and the lifestyles we have. This includes basic things like food, social lives, good healthcare,education and all the other things we take for granted everyday. They will wish to be apart of this to some extent, for now and future generations, whilst keeping in touch with their traditions. Consider how some other muslim contries have merged there traditions , rules & lifestyles whilst adopting some westernisation at the same time. They will I believe have far greater troubles, in country, if they do not do this soon. 1 Link to comment Share on other sites More sharing options...
jg167 Posted August 16, 2011 Report Share Posted August 16, 2011 (edited) The one thing that you can be sure of with regard to an RV, is that if it happens no one will be told about it ahead of time. So anyone that says that they have "heard from a source..." is full of BS. Personally I think it will RD to get in the dollar range (and an RD in contrast will be announced way in advance with a big education campaign to be sure everyone understands that it is value neutral), and that a small RV might happen early in that process or after it. As time goes on if Iraq continues to peg their currency (as I think they do plan on) then small RVs will be needed as GDP grows faster than M2, but those will be in the range of a few percent, not 1000s of percent. Sadly, over the next year or so I think those of us that bought recently through dealers will be lucky to get our money back given the dealer buy/sell spread. i.e. if it RVs to maybe double its present value prior to the RD, we could get out and make a few percent profit, but I'm doubtful of that happening. Edited August 16, 2011 by jg167 1 Link to comment Share on other sites More sharing options...
srdedeaux Posted August 16, 2011 Report Share Posted August 16, 2011 As soon as IRAQ meets the HCL requirments; come's out of Chapter 7 and shows to the world that it has the will to Govern its people and it's shared Commonwealth! These e thing's must happen before an RV can occur! Link to comment Share on other sites More sharing options...
umbertino Posted August 16, 2011 Report Share Posted August 16, 2011 (edited) Quote For me £5.25 would be fantastic. I would be seriously rich End Quote No kidding, Betty... I'd be disgustingly rich myself at £5.25.....While at $1 something I'd only be stinking rich.........Lower than that... Just rich........Moral of story..... I'll take whatever. Quote The one thing that you can be sure of with regard to an RV, is that if it happens no one will be told about it ahead of time. So anyone that says that they have "heard from a source..." is full of BS. End Quote That's exactly what I have always thought myself... It'll come like a thief in the night at a date and time totally unlinked to any major event dates or anything of that sort. Edited August 16, 2011 by umbertino Link to comment Share on other sites More sharing options...
Recommended Posts