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

Originally Posted by donald1439

exactly right ,dosomething to win the trust and confidence of the world community or there is always the dong we can invest in ,ha ha ha

I prefer investing in the Dong after Iraq gives me more to invest.

The situation is difficult for people like us because I think, just like Adster already said, a lot of things are done behind closed doors.

Bit by bit things are coming out and we see good things happening.

Personally I hope on a RV this weekend before the EU negotiations.

Originally Posted by donald1439

exactly right ,dosomething to win the trust and confidence of the world community or there is always the dong we can invest in ,ha ha ha

Like i have been saying its about time this gov. start acting like a gov. and step up and do something that will earn the trust and the support of the world community,and not to mention saving the suffering Iraqi people who should not have to continue to go through this kind of suffering when all they have to do is R. V. THE DAMM THIG ALLREADY!!!!!!!!!
.

Originally Posted by donald1439

Like i have been saying its about time this gov. start acting like a gov. and step up and do something that will earn the trust and the support of the world community,and not to mention saving the suffering Iraqi people who should not have to continue to go through this kind of suffering when all they have to do is R. V. THE DAMM THIG ALLREADY!!!!!!!!!
.

Perhaps you can look up the Government phone numbers in IRAQ and tell those in charge how we feel.

I would like to respond to a question I received as a PM. What is your idea about the RV rate and do they (CBI) know about all of us that have invested in dinar?
In thinking about these questions I remembered that while in the securities business I witnessed many bankers selling their bonds with only slight increases in appreciation. I learned that economic behavior changes at different price levels. What this means to us is the fact that the CBI is caught between two forces. Pressure to increase the purchasing power of the dinar for the Iraqi people and still be able to purchase dinar from the economy (especially outside of Iraq) and retire as much of the outsanding dinar as possible as cheaply as possible. I think we might want to adjust our thinking about what a reevaluation truly is. Up until now many of us have been considering a reevaluation as singular event. Lets start the discussion that an RV is a process. A process where the CBI (who knows their is an abundance of currency outside of Iraq) will attempt an initial RV that will satisfy both the increase in purchasing power, but low enough to retreive/remove as much currency from the outside investors as possible. If I was the President of the CBI, Why would I instantly RV at double digits when I can pobably remove a "big bunch" of dinar and only pay a single digit figure? As the President, I can always raise the exchange rate figure. So, how many of you would sell a million dinar if the initial RV was only .05 cents? Why should I pay more? While I think the future for this investment is exceptional, I think we are obligated to explore the possibilities so as to be prepared. Once there is an RV, expect them to turn their attention to the investors on the outside and remove as much of that pool of currency as cheaply as possible. Hate to sound cynical, but bankers are not social workers and their perception is strickly on the money.

so what can we expect as far as a rv in your oppinion

Originally Posted by Wm.Knowles

I would like to respond to a question I received as a PM. What is your idea about the RV rate and do they (CBI) know about all of us that have invested in dinar?
In thinking about these questions I remembered that while in the securities business I witnessed many bankers selling their bonds with only slight increases in appreciation. I learned that economic behavior changes at different price levels. What this means to us is the fact that the CBI is caught between two forces. Pressure to increase the purchasing power of the dinar for the Iraqi people and still be able to purchase dinar from the economy (especially outside of Iraq) and retire as much of the outsanding dinar as possible as cheaply as possible. I think we might want to adjust our thinking about what a reevaluation truly is. Up until now many of us have been considering a reevaluation as singular event. Lets start the discussion that an RV is a process. A process where the CBI (who knows their is an abundance of currency outside of Iraq) will attempt an initial RV that will satisfy both the increase in purchasing power, but low enough to retreive/remove as much currency from the outside investors as possible. If I was the President of the CBI, Why would I instantly RV at double digits when I can pobably remove a "big bunch" of dinar and only pay a single digit figure? As the President, I can always raise the exchange rate figure. So, how many of you would sell a million dinar if the initial RV was only .05 cents? Why should I pay more? While I think the future for this investment is exceptional, I think we are obligated to explore the possibilities so as to be prepared. Once there is an RV, expect them to turn their attention to the investors on the outside and remove as much of that pool of currency as cheaply as possible. Hate to sound cynical, but bankers are not social workers and their perception is strickly on the money.

Right on the button.

Personally, I Would Not Sell Any Until It Paid .30. At That Level I Might Sell A Little, But Would Hang On To Most Until It Got To 1.50 At Which Point I Might Sell More Of My Holdings, Hoping For An Eventual Level Of 3.00 To Cash Out Entirely

Originally Posted by OneShotOneKill

That was his intellectual contribution to the discussion.
Man, I sure will miss Homy......NOT!

OSOK

This is the real Homy. I have no idea what you are talking about or referring to. Let me know or pm me.

Originally Posted by Wm.Knowles

If I was the President of the CBI, Why would I instantly RV at double digits when I can pobably remove a "big bunch" of dinar and only pay a single digit figure? As the President, I can always raise the exchange rate figure. So, how many of you would sell a million dinar if the initial RV was only .05 cents? Why should I pay more? While I think the future for this investment is exceptional, I think we are obligated to explore the possibilities so as to be prepared. Once there is an RV, expect them to turn their attention to the investors on the outside and remove as much of that pool of currency as cheaply as possible. Hate to sound cynical, but bankers are not social workers and their perception is strickly on the money.

As usual…great post. However, they have stated in a previous article (if forget which one) that: “Why would we sell goods for pennies while our neighbors for the same goods are getting 50 cent” (forgive me if I don't remember the exact quote). Oh, they know they have something that everybody wants. So the answer is…why not? Why not reval at double digits or more? It would also mean they would get even MORE. You asked how many would cash in a mil at 5 cents? I ask you…how many would (next-to-near) completely cash out at a $1.00?

To Wm Knowles:

I would sell a million at .05 to get $50,000. I only paid $780 for it in the first place. From an investment point of view, that is a huge huge return. I like the part about the bankers not being social workers. That is right on. They don't give a Woot about our needs or wants, they aim to get as many dinars back into the country as possible at the lowest price. Now, is it good for the people of Iraq to cash in their 10K at $500.00. I don't know, but even in Iraq, that doesn't buy all that much. There are some political factors at work here that push the envelope both ways. Personally I think the reval will start at or near 31 cents for one dinar. That would give the average Iraqi about a years worth of wages. They could relate to that and the CBI could recover dinars at a reasonable price.