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

Originally Posted by SeaRayaWaitin'

To read some posts on these last few pages makes you think that an RV has already happened. I personally am not going to get so excited over an assumption. The assumption being that the ratification of the FIL means an RV. This is an assumption is it not? I would love to be wrong but I fear that if you all get this excited over an assumption that when/if an RV does happen you will probably just drop dead from excitement right where you are standing/sitting when you get the news.

Not trying to rain on anybodys parade but i haven't seen the fat lady singing yet. Yes, i think the FIL being enacted is great news but no RV announced yet... and that's where i get really excited! I do think we are close for sure!

So, now that the FIL is ratified and no RV (as of this minute) ... who's jumping on a plane and going to Iraq to invest? I remember reading that a few people saying they would.

Originally Posted by explorerhot

I know you copied this from another site, but:

How could the Soros's of the world buy up 9 trillion dinars if CBI couldn't buy back any dinars in todays currency auction?

I am no economist but... when the currency becomes fully tradable (and supposedly that happened today), I am assuming that a foreign entity could use the Electronic Clearing House to exchange dollars (or whatever currency) for Dinars. That's the whole principle of an international, freely traded currency. Just because the CBI couldn't buy dinar yesterday, doesn't mean they can't sell any from their stash. Of course, the amount they sell would then become circulated. If they sold the dinar at 1345 then they would have a USD equivelant in the bank to support it, resulting in no pressure on the 1345 rate, however, a much larger percentage of their money supply would be out of their control. Every dinar that is not in the hands of the CBI is out of their control, hence the recent appreciation of the dinar and the large pull in of dinar through the auctions over the past 45 days or so. If the dinar was to reval at $1 USD for example, a billion USD exchange would cost the CBI 1 billion dinar vs. 1.345 trillion dinar

I am sure that for the dinar to have credibility in the international market, the CBI can't simply say "Sorry, you can't do business with us today because we don't have any dinar to exchange."

Again, I am no expert, just trying to think this out.

Where is he??

Does he sleeep a lot??

Just messing with ya...looking forward to hearing from you though.


No auctions on fridays.......

Originally Posted by coolhand009

DOES ANYONE THINK THE "CBI" will have any auctions on Friday. If no auctions, I take it that this is good, RIGHT?

Tonight and tomorrow night is their weekend. The next auction (if it occurs) should be Saturday night I believe.

Originally Posted by coolhand009

DOES ANYONE THINK THE "CBI" will have any auctions on Friday. If no auctions, I take it that this is good, RIGHT?

If I am not mistaken, Friday and Saturday are the weekend in Iraq and no auctions are ever held on those days.

Originally Posted by coolhand009

DOES ANYONE THINK THE "CBI" will have any auctions on Friday. If no auctions, I take it that this is good, RIGHT?

CBI Is closed on Friday and Saturday.

We all posted at the same time!!

Originally Posted by dinartank

Heres something I have thought about....if what your saying is true which from the look of the auctions you are correct. Why dosen't the CBI go on the web and buy out all the folks on ebay and all the dealers on the WEB to take out more in circulation this way...there must be hudreds of people on ebay selling it and there must be atleast 100 dealers with websites selling mass quantites....It would be a way the CBI could take more out of circulation buying it on the cheap with a lil bit of a mark up they could probably grab a billion or more doing this....MR KNOWLES your opinion would be appreciated...just something to think about folks...as I am still positive as to whats going on in the news

Interesting idea but the CBI deals with other banks, not people directly. The CBI is like the Fed... can you walk into the Fed and do any personal banking?

The way the CBI can get people to turn in their Dinar is for the exchange rate to improve. When the rate improves people will exchange their Dinar for another currency and the CBI will be able to get the Dinar back from the bank and then take it out of circulation (if that's what they want).

Also, this is why a small RV is possible (not wanted but possible). It would get some speculators to cash in early at a low rate. IMO, hold on for a small RV and wait for the BIG one!

Originally Posted by Vipor

Posted elsewhere.



http://www.state.gov/documents/organization/77251.pdf

This is fantastic! Both the FIL and ICI are good as done!

The Council of Ministers unanimously endorsed the International Compact with Iraq
(ICI) November 26. The ICI aims to reform subsidies, implement fiscal federalism,
and strengthen the oil, agriculture and other key economic sectors. Also included
are goals for improving governance, rule of law, civil rights and civil society.
Implementation of the ICI will be tracked by Iraq’s international partners against
specific benchmarks and timelines. A final signing event, where as many as 70
international partners will pledge their support for Iraq and the Compact, is
expected to occur in early 2007.

Originally Posted by jedi17

Thats 48 pages of really great news....Now SGS, not trying to put you on the spot, but, what do your girls think this thing might r/v at? Any guestimate is appreciated....can't wait to give a wooo (almost there) and throw in a dancing banana for the first time.

gentlemen too. we have discussed various rate possibilities from .05 to 1.86. not one in the group is very willing to pin down a particular rate except for me and its not specific, its anything over a buck twenty because of the kurds. the kurds have stated they will walk if it isnt at least that much because of their former currency buying power with the swiss dinar.

Originally Posted by coolhand009

DOES ANYONE THINK THE "CBI" will have any auctions on Friday. If no auctions, I take it that this is good, RIGHT?

Nope, they don't have any on Fridays (it's like our Saturday).

CBI auctions are Sun - Thurs.... however there was no auction yesterday so who knows what Sunday will bring