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

Originally Posted by Ranger III

I notice that a number of responses over in Adster's 50k contest are $1.47.
I'm wondering what the source of that number is.

Zubaidi said something about wanting to "...preserve the value of the Iraqi dinar 148 against the dollar," but how does that translate into one dinar being
worth $1.47 once the dinar revalues? Couldn't he just as easily have meant
it will take 1.48 dinars to purchase one dollar, or 148 dinars for that matter?

I see that SGS has recently morphed from $1.47 to $1.20. I assume that means that Susie has gone back to her original .93 of the euro, but I'm not sure.

Obviously, $1.48, $1.47 or $1.20 r/v rates would be gloriously received here,
but it would be instructive to everyone, I believe, if Susie or anyone else could shed some light on the current foundations for these numbers.

There is a train of thought that they will just adjust the decimal point and move it to the left 3 places, ie 1471 will become 1.47. Zubaidi mentioned returning it to its former rate or at least equal to that of their neighbours. Jordans rate is 1.41 and is on a par with Iraq in a lot of respects and is the best example of a 'neighbouring country'.

Originally Posted by Ranger III

I notice that a number of responses over in Adster's 50k contest are $1.47.
I'm wondering what the source of that number is.

Zubaidi said something about wanting to "...preserve the value of the Iraqi dinar 148 against the dollar," but how does that translate into one dinar being
worth $1.47 once the dinar revalues? Couldn't he just as easily have meant
it will take 1.48 dinars to purchase one dollar, or 148 dinars for that matter?

I see that SGS has recently morphed from $1.47 to $1.20. I assume that means that Susie has gone back to her original .93 of the euro, but I'm not sure.

Obviously, $1.48, $1.47 or $1.20 r/v rates would be gloriously received here,
but it would be instructive to everyone, I believe, if Susie or anyone else could shed some light on the current foundations for these numbers.

You need to go back and catch up on the post because you don't seem to know what you're talking about.

Originally Posted by CharmedPiper

Storm flown Maliki postponed visit to Turkey

(Voice of Iraq) - 10-17-2006 | This issue was sent to a friend

Baghdad / long
He said media source in the Cabinet yesterday, Monday, the Prime Minister Nouri Al-Maliki decided to postpone his visit, which was scheduled to be carried out by yesterday to Turkey for an indefinite period.
The source explained that the reasons for the postponement of the visit of a sand storm in the atmosphere between Iraq and Turkey. He did not say whether the source, who requested anonymity to provide further details.
He was scheduled to fly to Turkey Maliki yesterday, Monday, on a visit to discuss with a ministerial delegation parliamentary political ways of boosting cooperation between the two countries.


Sotaliraq.com

somebody here says another article says 21st he will go. at any rate, its a lack of clarity.

Originally Posted by TheBrain

There are probably documents posted somewhere with the reval date and amount but we are looking in the wrong direction.
I'm going to do key word searches of restricted and embargo on the IMF, WTO, WB and CBI sites to see what comes up.

not possible with delay city goin on every week. not to mention the fact that they have had numerous discoveries of oil and each time it has to be adjusting their net worth.

Originally Posted by Ranger III

I notice that a number of responses over in Adster's 50k contest are $1.47.
I'm wondering what the source of that number is.

Zubaidi said something about wanting to "...preserve the value of the Iraqi dinar 148 against the dollar," but how does that translate into one dinar being
worth $1.47 once the dinar revalues? Couldn't he just as easily have meant
it will take 1.48 dinars to purchase one dollar, or 148 dinars for that matter?

I see that SGS has recently morphed from $1.47 to $1.20. I assume that means that Susie has gone back to her original .93 of the euro, but I'm not sure.

Obviously, $1.48, $1.47 or $1.20 r/v rates would be gloriously received here,
but it would be instructive to everyone, I believe, if Susie or anyone else could shed some light on the current foundations for these numbers.

my original rate was @LEAST 1.20 OR HIGHER and it still remains that. i however think they will revalue to the sdr basket which is currently at 1.47. thats where we get that amount. and it works well with the movement of decimal 3 places as was suggested in an article by the mof, but i think the movement of the decimal is for goods and services price adjustment simplicity.

A rate of 1.47 would have all of us offloading most of our wads. The big boys would jump in at this rate in anticipation of it rising to it's old rate of $3 plus in the next 2 or 3 years.....

Originally Posted by Adster

A rate of 1.47 would have all of us offloading most of our wads. The big boys would jump in at this rate in anticipation of it rising to it's old rate of $3 plus in the next 2 or 3 years.....

yeah, what he said too!! lol

Originally Posted by Adster

A rate of 1.47 would have all of us offloading most of our wads. ...

I may dump a few million at that rate....

Originally Posted by Lakeway

I may dump a few million at that rate....

Sounds good bro, we live in hope. Anyway off to dream of villas in the sun!!!

Catch you all tomorrow. :0)

Where I came up with $1.47 was what you been told and the simple fact of articles saying Iraq needs to be in line with souronding Country's. I picked Jordan for the fact it had been mention quit alot in resent. It was only prediction in Adster's Guessing r/v thread. It makes since but it is what it is. By the way welcome to Rolclub.

Originally Posted by Ranger III

I notice that a number of responses over in Adster's 50k contest are $1.47.
I'm wondering what the source of that number is.

Zubaidi said something about wanting to "...preserve the value of the Iraqi dinar 148 against the dollar," but how does that translate into one dinar being
worth $1.47 once the dinar revalues? Couldn't he just as easily have meant
it will take 1.48 dinars to purchase one dollar, or 148 dinars for that matter?

I see that SGS has recently morphed from $1.47 to $1.20. I assume that means that Susie has gone back to her original .93 of the euro, but I'm not sure.

Obviously, $1.48, $1.47 or $1.20 r/v rates would be gloriously received here,
but it would be instructive to everyone, I believe, if Susie or anyone else could shed some light on the current foundations for these numbers.