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

can't get my head round this if the rv was to be .80 of a euro

won't this make all the iraqi very wealthy people

if the are earning say 200,000 a month

is it me just thick lol

someone can explain if they like

regards
Tony

Originally Posted by mogo

can't get my head round this if the rv was to be .80 of a euro

won't this make all the iraqi very wealthy people

if the are earning say 200,000 a month

is it me just thick lol

someone can explain if they like

regards
Tony

Not really Tony, only the ones that have dinars stored up. Most Iraqis have no money at all, they survive on peanuts and paltry handouts, so of course this will make a difference to them but not significantly to make them wealthy.

The idea behind a reval, or one of them is to boost the economy, provide jobs, allow their people to set up businesses, pay people decent wages, curb insurgencies, put Iraq on the map, allow them to import and export, allow foreign investors to invest in the ISX. It goes on and on, bottom line is, none of this can happen without a reval.

Originally Posted by Adster

Rob, Pat, Tiff, Becks, and everyone else, it'll be one big party friends!!

Just read this from a respected member of a forum whom I've heard has very high connections in the IMF. Wasn't my source but it fits in nicely with it and makes it more believable as they're not linked.


They are working on a deal to resolve the 2 security ministry vacancies (Defense and Interior). Another Parliament session is to be held Monday to try and appoint the remaining 2. High level pressure to get this done by Thursday the 25th. RV is set to happen between May 28th and June 1st at a rate of 1 NID~=.80 Euro.

I just can't believe it's FINALLY happening! Must take a break from the fun and go play with "the-mum"! I'll check back in later... :-)

Originally Posted by tiffany

I just can't believe it's FINALLY happening! Must take a break from the fun and go play with "the-mum"! I'll check back in later... :-)

Pinch yourself! but mind your injuries, lol.

Yes it's happening, front page of the papers here, on our little local radio station, you name it. Not long to go. Very exciting times indeed.

thanks Adster

a little clearer

maybe you could pm me on how you plan to convert your NID into £

especialy if you have a plan to avoid the 40% tax

regards
Tony

WOW!!!!!!....now this is exciting adster....man......i get goose bumps thinking about it...i invested in pips and never got anything back but i took it with a grain of salt.....but if this happens like u say,WOW...i got 3 million dinars.....i might b a millionaire.....lol...will have to meet u and mike somewheres for a drink or 2...or 3 or more.....lol....again i hope it pegs as u say but even if it does'nt reveal that hi we will do good with it....thanks again to u and mike for ur guidance....i sure do appreciate it......Pat

http://today.reuters.com/news/NewsA...C_0_US-IRAQ.xml

"We will work within a framework that will preserve the unity of the Iraqi people," Maliki told parliament as he listed 34 policy priorities highlighting security and the economy."


AND THE ECONOMY!!! Music to our ears!!!!!

Originally Posted by mogo

thanks Adster

a little clearer

maybe you could pm me on how you plan to convert your NID into £

especialy if you have a plan to avoid the 40% tax

regards
Tony

Tony,

When the time comes then we'll be able to exchange at main banks/building societies here in the UK. Not worried about that. As for the 40% tax, hhmmmmmmm, still looking into this to be honest! It might involve residency in Spain or Portugal! We have an apartment in Spain so got a Spanish bank account, could be the way to go. Failing that an offshore account maybe in Switzerland. We'll see.

I have thought about this a little

and how would the authorities no when we bought the dinar ie before or after revalue.

ie if they were after rv there would be no profit

regards
Tony

Originally Posted by mogo

I have thought about this a little

and how would the authorities no when we bought the dinar ie before or after revalue.

ie if they were after rv there would be no profit

regards
Tony

Well if you bought them after rv then you'd buy them at the new rate, say $1 per 1 dinar. If you then cashed them in you'd break even! well you'd lose a little cos the banks would charge you to exchange them!

You'd only cash them in because you'd bought them at a low rate like now, ie 1460 to the dollar, official current rate.