Thread: Iraq/Dinar News Until 5/31/2007 7:15 PM CST..

hey buddyboy! If you go back check my posts you will find that I said it would go back upto 1260! They are that stupid they are predictable! lol! Once again trying to shake speculators before the RV!

yes, after posting, started thinking some and it could be a shake out. i am like the old hymn of the faith that used to be sung, I SHALL NOT BE MOVED. I have waited this long, not going to bail out now. God bless, I am going back to bed.

Originally Posted by buddyboy

yes, after posting, started thinking some and it could be a shake out. i am like the old hymn of the faith that used to be sung, I SHALL NOT BE MOVED. I have waited this long, not going to bail out now. God bless, I am going back to bed.

Thats right mate! To the end! We all know it will get back to the old rate its just a matter of when! I believe our time is so close I can feel it!Its like the stock market I plan to be in the market for 10 years! I will pay what ever tax they charge me because I know there is tons of money to be made!

Could Iraq follow suit and put in place measures to curb speculation. So far, it has failed abysmally to control speculation but could they consider introduces measures to deter speculators from cashing in? Kuwait to deter bets on dinar appreciation Web posted at: 5/28/2007 8:3:1 Source ::: Reuters Kuwait moved yesterday to deter investors betting it would allow its dinar to appreciate after a currency policy shift last week, by closing a window banks used to lend short-term funds to the central bank. A week after the oil exporter allowed its currency to rise against the US dollar, the central bank suspended the use of its one-month intervention rate, pushing more dinars on to the interbank market. The intervention rate will not be used "until further notice," a central bank official, who declined to be identified, said. The central bank gave no reason for the move. The intervention rate was the main instrument through which the central bank took in short-term dinar deposits from banks in Kuwait. By taking itself out of the market, the central bank forced banks to trade among themselves to place short-term funds, dampening demand for dinars. The one-month Kuwait inter-bank offered rate fell to 5.1875 per cent yesterday from 5.2500 the previous day, central bank data showed. "The central bank has indicated that it would take necessary measures to make sure speculators don't benefit and this may stop any new inflows," said Randa Azar-Khoury, chief economist at National Bank of Kuwait. "But this will hurt banks which need to invest excess liquidity." Kuwait dropped its peg to the dollar last week and adopted a basket of currencies, allowing the dinar to appreciate 0.37 per cent against the dollar. The central bank has held the dinar at $0.28806 since the May 20 policy shift despite speculation the appreciation was the first of many moves. Kuwait broke ranks with Saudi Arabia and four other Gulf oil producers, which had pegged their currencies to the dollar to prepare for monetary union in 2010. Kuwait's central bank said the dollar's slide over the past year, including to a record low against the euro in April, was driving up inflation by making some imports more expensive. The central bank has not disclosed the composition of the basket, saying only it consisted of the currencies Kuwait uses for imports and investments. The dollar still held a major share, the central bank said last week.

Originally Posted by roycepsam = 24-05-2007, 01:10 PM View Post
I was wondering what the likelihood of the rate going back to 1260??

Hmmmm

Originally Posted by bultn

Why should it go back?

Rate 30-5-07......Guess there's your answer..!!
Regards

Originally Posted by roycepsam

Hmmmm

Rate 30-5-07......Guess there's your answer..!!
Regards

Still not sure why it should go back...

Originally Posted by bultn

Still not sure why it should go back...

Hi bultn.....I'm certainly no expert, but I had seen the budget set to a figure of 1260.....and I personally + many more informed members felt that this would be the figure we would get our reval from.....!!
Lets hope so...
Regards

Originally Posted by roycepsam

Hi bultn.....I'm certainly no expert, but I had seen the budget set to a figure of 1260.....and I personally + many more informed members felt that this would be the figure we would get our reval from.....!!
Lets hope so...
Regards

I am one of those that have felt that we would be back at 1260!
And what a timing of doing that!

1 June, is a friday. Banks closed and they will have time to get ready.
rumours says the RV has been signed, ISX to start!

put me down for 10dollars on this weekend!

Originally Posted by Raditz

I am one of those that have felt that we would be back at 1260!
And what a timing of doing that!

1 June, is a friday. Banks closed and they will have time to get ready.
rumours says the RV has been signed, ISX to start!

put me down for 10dollars on this weekend!

Hi Raditz,
I know everything is falling into place nicely, and we are back at 1260, we have the WTO entry, and the pension Law....all great news.....SGS and RR stating that reliable feet on the ground saying the RV has been signed.....Now this weekend I do not Know....?? As surely the Oil Law has to be passed....I am guessing this is where things will get really interesting......Anyway as long as we get our RV soon, that is what we all want....debating is good and shows members can have different views without bashing... !!
Regards

Originally Posted by roycepsam

Hi Raditz,
I know everything is falling into place nicely, and we are back at 1260, we have the WTO entry, and the pension Law....all great news.....SGS and RR stating that reliable feet on the ground saying the RV has been signed.....Now this weekend I do not Know....?? As surely the Oil Law has to be passed....I am guessing this is where things will get really interesting......Anyway as long as we get our RV soon, that is what we all want....debating is good and shows members can have different views without bashing... !!
Regards

It is obvious that going below 1260 was done to shake speculators! Yes I heard the budget was set at this rate! Yes laws are coming into place! No talk about the HCL at all being debated in parliament which makes me think it has been passed! Yes I think the Retirement Law is the law which will cause the RV! They need to have a fiscall sustainable pension and secial security system in place before a RV! They have stated that they need a fiscally sustainable pension system! They can only do this with a stable currency! So this weekend is a very real possibility if not this weekend maybe next weekend! In the end we will get there! Just a little bit longer!