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

Originally Posted by worf

So if you are right, then we would be close to where they were before they issued the new currency, the old currency circulation around 4 - 6 trillion? If this is so, then it looks good for this week to at least return to where they were before, that being 1 nid = .31.

worf

but now the sanctions are removed so I believe it would be much higher but no less.

Originally Posted by wciappetta

Well for numbers I took the partial auction history and used an average rate for the given month and applied that to the total USD amount for that month.

I believe I used June, Sept, and Nov as a sample and doubled the figure to represent the six month period, which is where I came up with a possible 10 plus trillion.

Just thought I'd bounce it around.

This may give us an insight to how the President of the CBI thinks. They started removing the currecny in a slow process that eventually culminated in an abrupt and dramatic monetary intervention. Are they not doing the same with the exchnage rate?

Originally Posted by Wm.Knowles

I like what you did. So you're suggesting that maybe 10 trillion dinar has been pulled out of circulation during those months you studied. Well, it sounds a little high, but what you have proven is that the CBI may have been engaged in a pull-out of dinar long before we noticed it. This is good. Even if yourestimates are off a few trillion or so, the fact that you have established the trend is helpful to us in understanding what we are seeing. And, I agree with you that they probaby were. Please continue watching this for us. As time goes on, this info will be helpful. Thank you.

Just to make sure I'm clear here I calculated figures for three months and then doubled the sum to gauge the possible total for incomplete record. You quite correct instating the numbers might be on the high side but it is a possible trend.

Originally Posted by wciappetta

Just to make sure I'm clear here I calculated figures for three months and then doubled the sum to gauge the possible total for incomplete record. You quite correct instating the numbers might be on the high side but it is a possible trend.

Thank you for your work. This may prove to be a very important piece of the puzzle. Good Luck.

Originally Posted by Wm.Knowles

This may give us an insight to how the President of the CBI thinks. They started removing the currecny in a slow process that eventually culminated in an abrupt and dramatic monetary intervention. Are they not doing the same with the exchnage rate?

Well there was no movement in the rate until Sept. Prior to that the rate was constant. Since Sept the ball began to roll it was just so gradual no one noticed.

Originally Posted by wciappetta

Well there was no movement in the rate until Sept. Prior to that the rate was constant. Since Sept the ball began to roll it was just so gradual no one noticed.

Yes I agree. Would it not be reasonale to think that they started removing the currency ( a couple of months before) in some amount prior to allowing the rate to adjust. See, this makes sense to be and establishes a pattern of a plan to intervene in the economy to reduce the base money supply. One that started before we as a group really noticed what was happening. Thank You.

Quote:
Originally Posted by worf
So if you are right, then we would be close to where they were before they issued the new currency, the old currency circulation around 4 - 6 trillion? If this is so, then it looks good for this week to at least return to where they were before, that being 1 nid = .31.

worf

Originally Posted by wciappetta

but now the sanctions are removed so I believe it would be much higher but no less.

I agree with the sanctions off the value is probably actually much higher. I have maintained that "you have to learn to crawl before you can walk, learn to walk before you can learn to run." With this being said, I believe they will start off low hopefully at least .31 and flush out as much from the "indirect ivestors" (us) for 3 - 6 months then move on up or at least let the forex market pressure it up from there.

That being said, if you would like to prove me wrong and call Shabibi and say: "This is wciappetta from the rolclub. I was discussing with some other forum members your current situation concerning your undervalued dinar. Worf seems to think that you will start out at around .31 usd, I think it should be much higher say around 1.47. To prove Worf wrong, would you please just quit facking around and r/v it at at least 1.47? Everyone knows it is much more valuable than this!!"

worf

...In the Shout Box concerning Money=Security. Read: Iraqis Near Deal on Distribution of Oil Revenues | Iraq Updates

Originally Posted by worf

Quote:
Originally Posted by worf
So if you are right, then we would be close to where they were before they issued the new currency, the old currency circulation around 4 - 6 trillion? If this is so, then it looks good for this week to at least return to where they were before, that being 1 nid = .31.

worf




I agree with the sanctions off the value is probably actually much higher. I have maintained that "you have to learn to crawl before you can walk, learn to walk before you can learn to run." With this being said, I believe they will start off low hopefully at least .31 and flush out as much from the "indirect ivestors" (us) for 3 - 6 months then move on up or at least let the forex market pressure it up from there.

That being said, if you would like to prove me wrong and call Shabibi and say: "This is wciappetta from the rolclub. I was discussing with some other forum members your current situation concerning your undervalued dinar. Worf seems to think that you will start out at around .31 usd, I think it should be much higher say around 1.47. To prove Worf wrong, would you please just quit facking around and r/v it at at least 1.47? Everyone knows it is much more valuable than this!!"

worf

Funny, but now he already knows... do it now shabbs darn it.... We are waiting

Originally Posted by worf

So if you are right, then we would be close to where they were before they issued the new currency, the old currency circulation around 4 - 6 trillion? If this is so, then it looks good for this week to at least return to where they were before, that being 1 nid = .31.

Originally Posted by Wm.Knowles

I like what you did. So you're suggesting that maybe 10 trillion dinar has been pulled out of circulation during those months you studied. Well, it sounds a little high, but what you have proven is that the CBI may have been engaged in a pull-out of dinar long before we noticed it. This is good. Even if yourestimates are off a few trillion or so, the fact that you have established the trend is helpful to us in understanding what we are seeing. And, I agree with you that they probaby were. Please continue watching this for us. As time goes on, this info will be helpful. Thank you.

If this is the case then I say this is truly exciting! As you've said WM, this leaves me to believe that it is very possible to see the high rv that we would like.