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

Originally Posted by Seaview

- I walked right into that.

Just trying to help you with a little 'in-house' lingo. I presume you want to come accross informed so your not taken advantage of - that's all.

You are quite correct, and we'll appreciate any other lingo with accompanied explanation pertaining to the volatile idiosyncracies of currency trading you care to drop on us as well.

Originally Posted by crave681

You are quite correct, and we'll appreciate any other lingo with accompanied explanation pertaining to the volatile idiosyncracies of currency trading you care to drop on us as well.

Don't worry, I'm right on it for you...

Originally Posted by CharmedPiper

So, when the CBI updates tonight....if we see 1350 or less....does this mean a reval or continue on the downward trend????

As in rising in value...

Originally Posted by Socata 850
This response is a little late, the target figure as stated in the IMF document was 1365 by the end of 2006. We'll see what tomorrow brings, but it could happen by the end of their fiscal year, which I believe like SGS stated is the 15th of December.

Can someone tell me where they are seeing "1365". or "1350" as a "TARGET"?
The number that I believe is being reffered to is 1345, and that number falls in the column "Projected" (table 4, page 17 of the SBA review). I don't see "Target" anywhere.......

Originally Posted by CharmedPiper

Let's keep in mind this is Iraq and they are not known for following the plan....don't be surprised if this revalues in the next day or sooooo!!! They already screwed up the December meeting which would give them full revenue control.....although it is a good thing that they are still being watched over for corruption etc. This in no way would hinder a reval so I am not concerned....But I am still holding out for tomorrow.....

The IAMB extension was done at the request of the donor countries as a mandate of the compact. Having said that, I agree. it shouldn't hinder the RV.

Originally Posted by D-Day

As in rising in value...

I mean could we see a reval of 1.47 when the CBI updates...is this a possible scenario???

Originally Posted by CharmedPiper

I mean could we see a reval of 1.47 when the CBI updates...is this a possible scenario???

Remember, adjustments must occur on both sides of the exchange rates - IQD & USD. Best way is to enforce it on a gradual process. This alone ensures stability on a firm foundation...

Originally Posted by D-Day

Remember, adjustments must occur on both sides of the exchange rates - IQD & USD. Best way is to enforce it on a gradual process. This alone ensures stability on a firm foundation...

Forget gradual.....I want one big jump in value....that is what I am looking for.....the big jump from 1441 to 1.47 ...hopefully tomorrow

Originally Posted by MrFnHappy

Can someone tell me where they are seeing "1365". or "1350" as a "TARGET"?
The number that I believe is being reffered to is 1345, and that number falls in the column "Projected" (table 4, page 17 of the SBA review). I don't see "Target" anywhere.......



The IAMB extension was done at the request of the donor countries as a mandate of the compact. Having said that, I agree. it shouldn't hinder the RV.

MrFnHappy, You're right. I went back and checked out the document from the IMF. It is 1345. I got mixed up.

Originally Posted by bigred52

the violence is caused by the RELIGION of hate. plain and simple.
The news media reports can accurate but at the same time biased. example
Is the glass half full or half empty !

Uh...we all know that not only is the glass half full, but we know where they keep the good stuff and how to re-fill it to over-the-rim!

Tomorrow will be the 15th auction since the CBI started this unprecedented reduction in the exchange rate between the dollar and the dinar. On Nov 1st, the exchange stood at 1470 dinars to the dollar. Last Thursday the rate was 1441. We have seen a reduction of 29 dinars to the dollar. I for one am looking forward to tomorrow's posting by the CBI including any statements they release as to their current exchange program.
With the extension of the IAMB oversight authority for another year, I was a little disappointed at first, but after I thought about it for awhile and factored in the stipulation that the countries that forgave Iraq their debt asked for the extension, it made total sense to me. This extension is to enable the debtor countries the ability to monitor Iraq's distribution of its anticipated extensive oil revenue so that they can be assured that Iraq is not squandering their wealth and the forgiveness of the debt will not have been for nothing. This turns out to be a good thing and should not hinder our reval.