Thread: Iraq/Dinar News. 09/05 to 01/14/07

ive highlighted the article in the points i feel are pertinent. http://www.rolclub.com/116982-post298.html it IS saying they are going to revalue the dinar and it IS saying they need to keep in mind not to throw themselves into a bind when they pick a value. it also is saying they need to take into consideration salaries, prices, etc. when setting the new value.

he uses the matches as an example of the difference price value to show the readers how some thing can have a different price based on value. this sounds a lot like Shabibi speeches to me in which he gives the general formula for the dinar's increase and what needs to take place. he mentions that the repayments of the balances owed (we presume the amount accounted for by the IMF) will affect the dinar's re valuation, combined with the monetary balancing of money in circulation etc will affect the dinar's rate.

he blames the high inflation on the things that Saddam did, like note printing etc for the problems. He mentions the fact of Salaries being need adjustment which is interesting coz we have recently seen that happen. in this part: "permeability ratios balanced sound economic relations between various sectors of the Iraqi economy" he is refering to the balance required by the IMF. he is merely SUGGESTING that the cbi make this move asap.

yesterday an article about the FIL being passed THIS WEEK and now today an article about revaluing the dinar. does someone see that this will cause speculation among the big boys? i think we are at the end!!

Originally Posted by Bigslick116

"Issued by the Ministry of Finance signals about raising three zeroes of the Iraqi currency in circulation"
I don't want to say it but that doesn't sound good.

Edit: Nevermind Misread artical

0.00068 Now. Propose a raise of 3 zeros X.XXX68 = .68

Originally Posted by neno

0.00068 Now. Propose a raise of 3 zeros X.XXX68 = .68

And this puts us right back to where we were in the Spring of this year . . .talking .68. Again more rehashing old news. They bring it back up for the additional WOW factor when they go better than parity with the USD.

"WOW . . .everyone thought .68 and we went more than double that, we are the bestest country in the whole wide world" followed by "NAH NAH NA NA NAH NAH" sticking tongue out to Saudi Arabi

I can see it all now . . .one big curve ball right before the home run pitch

Originally Posted by willie 2

What day is Eid al-Fitr day? Or is this a holiday? How am I supposed to know, they have so many religious stuff going on!!

If I am not mistaken it is the last day of Ramaden which is the 24th of October.

Originally Posted by shotgunsusie

RE READ IT!!! IT DOES NOT SAY A ZERO LOP.

you people need to learn how to read translations. lol

It's odd that the Iraqis seem so cranky, with such a hilarious language. The translations are better than tv. This is all making me seasick with the ups and downs! Any final summations for the day? Addie?

Originally Posted by ozizoz

And this puts us right back to where we were in the Spring of this year . . .talking .68. Again more rehashing old news. They bring it back up for the additional WOW factor when they go better than parity with the USD.

"WOW . . .everyone thought .68 and we went more than double that, we are the bestest country in the whole wide world" followed by "NAH NAH NA NA NAH NAH" sticking tongue out to Saudi Arabi

I can see it all now . . .one big curve ball right before the home run pitch

.68 is more than equal to the dollar, it means that the dollar is worth 68/100ths of a Dinar!

Originally Posted by Justpraying

.68 is more than equal to the dollar, it means that the dollar is worth 68/100ths of a Dinar!

u totally missed the point I was trying to make . . .but its all good

Shiite . . .I'll take .10 and still be a millionaire so its all good

Originally Posted by ozizoz

And this puts us right back to where we were in the Spring of this year . . .talking .68. Again more rehashing old news. They bring it back up for the additional WOW factor when they go better than parity with the USD.

"WOW . . .everyone thought .68 and we went more than double that, we are the bestest country in the whole wide world" followed by "NAH NAH NA NA NAH NAH" sticking tongue out to Saudi Arabi

I can see it all now . . .one big curve ball right before the home run pitch

1472. to the $ Now. Propose Raise 3 zeros spots 1.472 Hummm how about that?

Originally Posted by shotgunsusie

ive highlighted the article in the points i feel are pertinent. http://www.rolclub.com/116982-post298.html it IS saying they are going to revalue the dinar and it IS saying they need to keep in mind not to throw themselves into a bind when they pick a value. it also is saying they need to take into consideration salaries, prices, etc. when setting the new value.

he uses the matches as an example of the difference price value to show the readers how some thing can have a different price based on value. this sounds a lot like Shabibi speeches to me in which he gives the general formula for the dinar's increase and what needs to take place. he mentions that the repayments of the balances owed (we presume the amount accounted for by the IMF) will affect the dinar's re valuation, combined with the monetary balancing of money in circulation etc will affect the dinar's rate.

he blames the high inflation on the things that Saddam did, like note printing etc for the problems. He mentions the fact of Salaries being need adjustment which is interesting coz we have recently seen that happen. in this part: "permeability ratios balanced sound economic relations between various sectors of the Iraqi economy" he is refering to the balance required by the IMF. he is merely SUGGESTING that the cbi make this move asap.

yesterday an article about the FIL being passed THIS WEEK and now today an article about revaluing the dinar. does someone see that this will cause speculation among the big boys? i think we are at the end!!

I am with you SGS they are no way going to do a lop the only lop will be off the exchange making us all very happy.

IMF have put 3 years into making it a stable currency. US and many Country's are backing them this would be suicide for them. No big investors would touch them if they loped.

IT WILL NOT HAPPEN!!!!!

I think we are close to a RV.

Dinar-Excited

Originally Posted by neno

1472. to the $ Now. Propose Raise 3 zeros spots 1.472 Hummm how about that?

hmm, where have i seen that figure before?? lol