I see your point but I think the CBI is starting to try and strengthen he dinar first in country that way there is no need for smaller demos. The whole key to a high RV as you say is you have to have smaller demos! No one has seen any at all. That makes me think a slow steady rise in country only! That way no speculators can buy up the country!
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08-11-2006, 02:42 PM #21461
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08-11-2006, 02:53 PM #21462
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Seeing no notes doesnīt mean they arenīt there.
A small and slowly rise in the dinar is killing for Iraq and wonīt happen in my opinion.
I agree on Charmed regarding the ICI. There is no donor that would have dropped their debt if there is no profit in it for them. We are talking big business here, no charity. These countries are holding a lot of dinars.
The moves now made by the cbi is the beginning of where we have waiting for I think.
Also the rumor or information about the BoA trading the 13th is running through my head. I know it no guarantee but seeing the CBI taking action in combination with the 13th makes me very hopeful.
Time will tell.
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08-11-2006, 02:57 PM #21463
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Parliament approves Mecca agreement
Parliament approves Mecca agreement
Baghdad, 08 November 2006 (NINA)
The parliament voted anonymously on Mecca agreement, during its 48th session on Tuesday. Prior to the vote, some lawmakers have delivered statements, calling for activating the agreement and to form a follow up committee to guarantee its implementation.
Parliament approves Mecca agreement | Iraq Updates
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08-11-2006, 02:57 PM #21464
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08-11-2006, 03:01 PM #21465
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08-11-2006, 03:03 PM #21466
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08-11-2006, 03:12 PM #21467
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08-11-2006, 03:14 PM #21468
I don't give 1345 much credence anymore. After Statements such as "significant rise in the rate of the dinar", "return the dinar to previous level" and the infamous 1.48 statement, it stands to reason that Iraq is moving ahead economically much more quickly than the IMF anticipated. Not to mention high unemployment and 50% inflation...
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08-11-2006, 03:34 PM #21469
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I think they are doing everything but raise the value of the exchange rate for the dinar at this time. I think they are using the raising of the dinar value in a peg as kind of a 'ace in the hole'. That way they have not exhausted options. I have no doubt that this whole thing is a thoughtout plan from the beginning. No doubt everything has gone exactly as they had hoped in regard to inflation or the economy but not a suprise either. So its a kind of "alright we tried this ie raised interest rates, now lets reduce the overall M2 to reduce inflation and then as needed raise the value of the dinar based on how everything responds."
Anyway just a thought.
CLM
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08-11-2006, 03:38 PM #21470
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