Thread: NaSayer Sign-In Here If We Have Any.

Originally Posted by incorp

A number of people have begun touting so-called "investment" opportunities in the Iraq Dinar as a "sure way" to make a lot of money with little or no risk.
Is "investing" in the Iraq Dinar a sure way to profit? We don't think so. In our opinion, buying the Iraq Dinar is a high risk investment with a poor outlook.

The official rate of the old Iraq Dinar, $3.22 USD (U.S. Dollars), was set in 1982 by Saddam Hussein. The old Iraq Dinar could not be freely traded, so this rate was never tested or upheld on the world market.
The IQD is not freely traded, and is not being used in any significant international transactions.The Central Bank of Iraq's stated objective is not to promote the free trade of IQD, as is the case in a true free market economy.

Consider the situation. Why tightly control the trading of the IQD if it is likely to appreciate in value? If the value of the IQD were to surge, this could be held out as evidence of a surge of confidence in Iraq's economy. So why not open the IQD to free trading? Why would this be done unless the Iraqi Central Bank itself feels that the IQD would decline in value in a free market?

look at a real-world example: Venezuela:

Oil accounts for 80% of Venezuela's national exports and 50% of its government revenues. The country is one of the world's top five oil producers. In the last four years, Venezuela has experienced intense political instability, including an oil strike and an attempted coup d'état. The resulting economic chaos has led to the extreme devaluation of the Venezuelan Bolivar -- today, it is worth only about a third of its US Dollar value from January 2000, and only about a quarter of its Euro value from January 2000.

Ask yourself one question: if the Iraq Dinar is such a hot commodity, why would anyone at all be willing to sell it to you?
If you thought that the IQD was going to multiply in worth by hundreds of thousands of percent, would you sell it? Of course not -- you'd be too busy buying as much of it as you could....!
.....hmmm; Dinars, a new branch for PIPS...?

The following is the official rate of the Iraqi dinar since 1984 as recognized by the IMF. Tested or Not, this plus the recent remarks by the MOF seem to take exception to your argument. The numbers are SDR rate which is valued at 1.46858 USD Simply multiply the exchange rate by the SDR for the value in USD. Enough said.

IMF Credit Outstanding

Date Exchange Rate
April 28, 2006 0.000460244
April 29, 2005 0.000451682
September 22, 2004 0.000466938
September 8, 2003 2.53758
April 30, 2002 2.53758
April 30, 2000 2.43852
April 30, 1999 2.38074
April 30, 1998 2.38881
April 30, 1997 2.3558
April 30, 1996 2.21848
April 30, 1995 2.04504
April 30, 1994 2.26323
April 30, 1993 2.26004
April 30, 1992 2.34852
April 30, 1991 2.39924
April 30, 1990 2.46985
April 28, 1989 2.48283
April 29, 1988 2.32407
April 30, 1987 2.46269
April 30, 1986 2.73556
April 30, 1985 3.24557
April 30, 1984 3.07215

Originally Posted by wciappetta

The following is the official rate of the Iraqi dinar since 1984 as recognized by the IMF. Tested or Not, this plus the recent remarks by the MOF seem to take exception to your argument. The numbers are SDR rate which is valued at 1.46858 USD Simply multiply the exchange rate by the SDR for the value in USD. Enough said.

IMF Credit Outstanding

Date Exchange Rate
April 28, 2006 0.000460244
April 29, 2005 0.000451682
September 22, 2004 0.000466938
September 8, 2003 2.53758
April 30, 2002 2.53758
April 30, 2000 2.43852
April 30, 1999 2.38074
April 30, 1998 2.38881
April 30, 1997 2.3558
April 30, 1996 2.21848
April 30, 1995 2.04504
April 30, 1994 2.26323
April 30, 1993 2.26004
April 30, 1992 2.34852
April 30, 1991 2.39924
April 30, 1990 2.46985
April 28, 1989 2.48283
April 29, 1988 2.32407
April 30, 1987 2.46269
April 30, 1986 2.73556
April 30, 1985 3.24557
April 30, 1984 3.07215

Nice one Wardy. Remember this was only 3 years ago it was at that rate. No reason why in time they won't get back to that.

when was the reval

Originally Posted by AFE7COP

Originally Posted by shotgunsusie
i just wanted to say that with all these articles and news about whats goin on lately its rather blatently obvious that every rumor poster who ever said it was done or should have already happened etc. were WRONGGGGGGGGGG!!!
MASSIVELY!

you know who you all are. keep on pretending that you have great contacts in the us govt. who have told you that everything is completed and its the iraqis fault for draggin their feet. THEY ARE BUILDING A BLOODY COUNTRY AND CONTENDING WITH MURPHYS LAW!!!

and all those who are following that secretive rumor crowd should pull your heads out.
bohica butter stock goin up!!!


I've really seen it all now. You just have to laugh at this crap...WRONGGGGGGGGGG!!! MASSIVELY! You couldn't get much more wrong than you were Susie...lol

This article refutes her assumption that a reval last year was bunk. According to this and other information, there was a USA inspired plan to transition the Iraqi economy to a market-driven one over 2 years ago. I would say that her rumors would be in the category of blatant absurdity, which far supercedes the rumor mongers of ancient days.



AlterNet: War on Iraq: Bush's Other Iraq Invasion

If Iraq's National Assembly meets its deadline, it will release a draft constitution to be voted on by the people in two months. Since February, vital issues have been debated and discussed by the drafting committee: the role of Islamic law, the rights of women, the autonomy of the Kurds and the participation of the minority Sunnis.

But what hasn't been on the table is at least as important to the formation of a new Iraq: the country's economic structure. The Bush administration has succeeded in maintaining a stranglehold on issues such as public versus private ownership of resources, foreign access to Iraqi oil and U.S. control of the reconstruction effort -- all of which are still governed by administration policies put into place immediately after the invasion. The Bush economic agenda favors foreign interests -- American interests -- over Iraqi self-determination.

Over a year ago, orders were put in place by L. Paul Bremer III, then the U.S. administrator of Iraq, that were designed to "transition [Iraq] from a ... centrally planned economy to a market economy" virtually overnight and by U.S. fiat. Those orders were also incorporated into the transitional administrative law -- Iraq's interim constitution -- and the economic restructuring they mandate is well underway.

Laws governing banking, investment, patents, copyrights, business ownership, taxes, the media and trade have all been changed according to U.S. goals, with little real participation from the Iraqi people. (The Transitional Authority Law can be changed, but only with a two-thirds majority vote in the National Assembly, and with the approval of the prime minister, the president and both vice presidents.) The constitutional drafting committee has, in turn, left all of these laws in place.

A central component of the Bush economic agenda is foreign corporate access to, and privatization of, Iraq's once state-run economy. Thus, an early Bremer order allowed foreign investment in and the privatization of all 192 government-owned industries (excluding oil extraction).

After the election of the transitional government, the Ministry of Industry and Minerals fell right in line, announcing plans to partially privatize most of its 46 state-owned companies and open them to foreign investment as part of a plan to establish a "liberal, free-market economy."

Oil is, of course, at the heart of the agenda. In 2004, U.S.-appointed interim Prime Minister Iyad Allawi submitted guidelines to Iraq's Supreme Council for Oil Policy suggesting that the "Iraqi government disengage from running the oil sector ... and that the [Iraq National Oil Company] be partly privatized in the future" and opened to international foreign investment, according to International Oil Daily. (U.S. oil imports from Iraq increased by more than 86 percent between 2003 and 2004 alone.)

Plans for a new Iraqi oil law were made public last December at a news conference in Washington hosted by the U.S. government. The U.S.-appointed interim Finance Minister Adel Abdul Mehdi explained that the new law would be "very promising to the American investors and to American enterprise, certainly to oil companies."

A few weeks later, Mehdi became one of Iraq's two vice presidents and Allawi was elected to the National Assembly. Iraq's new oil law is on track for implementation in 2006.

Finally, consider Iraq's reconstruction, which also remains firmly under U.S. control. One of Bremer's orders denied the Iraqi government the ability to give preference to Iraqis in the reconstruction effort. Instead, more than 150 U.S. companies were awarded contracts totaling more than $50 billion, more than twice the GDP of Iraq. Halliburton has the largest contract, worth more than $11 billion, while 13 other U.S. companies are earning more than $1.5 billion each.

These contractors answer to the U.S. government not the Iraqi people, several thousand of whom recently protested the failure of U.S. companies to provide accessible water, sanitation and electricity at pre-war levels. Iraqis argue that they have the knowledge, skill and experience to conduct the reconstruction themselves; what they need is the money and decision-making control that they are being denied.

By all accounts, the draft constitution has failed to provide Iraqis with the means to control their economic future. As Iraq prepares for the October 15 referendum on the constitution, these crucial issues must be added to the debate, and the influence of the Bush administration countered, so that Iraqis can truly determine their own economic and political fate.

Just as discussions are finally emerging for ending the U.S. military occupation of Iraq, so too must the economic invasion be brought to an end.

You guys can post all the articles you want. A high RV can not happen with out smaller demos in place. If you can find them you might have a chance at a high RV. And when I say high I mean .05 to 1. If not look for 1000 to 1 in 2007

$1 USD = 1469.63 IQD ^ so how much has it gone up in the last year

























yeah I'am a nay sayer

Originally Posted by flockstar

$1 USD = 1469.63 IQD ^ so how much has it gone up in the last year


yeah I'am a nay sayer

Your new friends are looking for you!
Investor's Iraq

The reval that is, anytime soon. It'll just gradually increase in value over time. So go ahead & blast me if you want. Come Tuesday will tell the truth...

Originally Posted by D-Day

The reval that is. So go ahead & blast me if you want. Come Tuesday will tell the truth...

what a faking wanker. Link please?!? if you have valid evidence to support this we would welcome it, if not, blow it to someone who cares

sorry Adster, I took your line

Originally Posted by jsfletcher

what a faking wanker. Link please?!? if you have valid evidence to support this we would welcome it, if not, blow it to someone who cares

Why don't you give us the link that says it will reval? Who's the real wanker, hmmm...