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

The currency nears its peak value since being reissued in 2004. With the state buying to curb inflation, the strength may be temporary.Iraqi dinar builds head of steam amid nation's chaos - Los Angeles Times


Thoughts??

MrsCK.....STOP.....GO COUNT YOUR DINAR....YOU ARE TALKING CRAZY.....We know it will reval....give me your hand I will pull you back.....Remember HIGH REVAL THIS WEEK!!!!

Originally Posted by MrsCK

IF AND I MEAN A HUGE "IF" this articule is correct the 10K "gift" will be worth a HUGE GRAND TOTAL of $8 bucks is it is 1250 to $1. WOW the IRAQI'S SURE CAN GO ON A SPENDING SPREE. Remember 15,000 dinar for shoes minus the government trying to bring down inflations so maybe looking at 10K for a pair of shoes - WOW ONE PERSON IN THE FAMILY GETS NEW SHOES!!! kids can say "pick me dad, pick me"

Okay big companies like Chase, BOA or any other large coporation that had acess to large sums of money and bought millions of dollars of dinar will make out huge!!! One million USD invested when it was at the 1470 rate will make you 1.5 million USD when it goes to 1260...so half a million dollar profit on 1 miillion dollar investment

Originally Posted by doublescorpio

Okay big companies like Chase, BOA or any other large coporation that had acess to large sums of money and bought millions of dollars of dinar will make out huge!!! One million USD invested when it was at the 1470 rate will make you 1.5 million USD when it goes to 1260...so half a million dollar profit on 1 miillion dollar investment

?????????

Originally Posted by doublescorpio

I am really not to suprised by this...1260 would benefit them and increase their purchasing power...just not by as much as we all hoped. One of my orginal thoughts on this investment is that it was a BIG number game...the guys that are holding $100000 USD worth of IQD will make a nice profit if they bought in at 1470 IQD to the USD when it goes to 1260 IQD to the USD.
Once again the little guys ( us) will end up getting scr*wed out of any real profit from this and Iraq will remain a third world country for a while longer

I am not real impressed by political statements. I don't think we should pay any attention to the numbers they use 'cause they are not going to come out and say the dinar is going 1 to 1. The fact that they are now talking about it and since the last week or two we have seen many more direct references to the raising of the value of the dinar. I think of it as advertising. Just spell the name right! So let 'em keep talking our game. And as the dinar continues to rise, even in the near term at small amounts, their talk will increase. And it will just get better for us. As I have said before, a friend said that once this hits a 10% increase, there will be a world wide feeding frenzy on this currency.

The question was why haven't we seen a drop in inflation based on the removal of the dinar. You can expect it to happen, but it is not instantaneous. It will happen, but it might take a month or two to see the effects. Have a good day.

Originally Posted by CharmedPiper

MrsCK.....STOP.....GO COUNT YOUR DINAR....YOU ARE TALKING CRAZY.....We know it will reval....give me your hand I will pull you back.....Remember HIGH REVAL THIS WEEK!!!!

OH I'M AM STILL WITH YOU ON THIS CP!!!!!!!!!!!! THIS WEEK!!
WHAT A BS ARTICULE - IT WAS LIKE TO DUDE TOOK STUFF FROM 2004, 2005 AND OPENED HIS MONTH TO THROW IT IN 2007. NOTHING ADDED UP TO EVEN WHAT THE WORLD BANK, IAMB, IMF, ETC HAVE BEEN SAYING.

AS ONE HAS ALWAYS BEEN SAYING "LOOK AT THE CBI SITE".

CP - SHOULD WE BOOK THOSE PLANE TICKETS NOW TO GO BUY UP IRAQ - I'M WITH YA!!!!!!!!!!!!

Originally Posted by doublescorpio

I am really not to suprised by this...1260 would benefit them and increase their purchasing power...just not by as much as we all hoped. One of my orginal thoughts on this investment is that it was a BIG number game...the guys that are holding $100000 USD worth of IQD will make a nice profit if they bought in at 1470 IQD to the USD when it goes to 1260 IQD to the USD.
Once again the little guys ( us) will end up getting scr*wed out of any real profit from this and Iraq will remain a third world country for a while longer

From a pure investment standpoint...a 10% to 13% return is excellent by any standard...no matter how much one has invested.

Originally Posted by danny51

From a pure investment standpoint...a 10% to 13% return is excellent by any standard...no matter how much one has invested.

While under normal circumstaces, yes, 10% to 13% is in fact a good return. BUT this is Iraq were talking about. Nothing normal here. I'll take my chances and roll the dice. High RV is coming this week. I can sense it, smell it, and almost taste it. Those who don't believe, can come along for the ride.

Don't mean you or anyone in particular, but I sense this is in the wind down stage and getting ready for us to wind up and cash in.

Gloribee

Originally Posted by danny51

From a pure investment standpoint...a 10% to 13% return is excellent by any standard...no matter how much one has invested.

That might be the standard for most investments and most countries but not Iraq......they know they are floating on oil.......and talk about natural gas reserves.....they are full of gas....and in a good way.... ....think about it this way if you knew your country was that wealthy wouldn't you try to fend of speculators to keep most of it for yourself.......I would!!!

Originally Posted by MrsCK

IF AND I MEAN A HUGE "IF" this articule is correct the 10K "gift" will be worth a HUGE GRAND TOTAL of $8 bucks is it is 1250 to $1. WOW the IRAQI'S SURE CAN GO ON A SPENDING SPREE. Remember 15,000 dinar for shoes minus the government trying to bring down inflations so maybe looking at 10K for a pair of shoes - WOW ONE PERSON IN THE FAMILY GETS NEW SHOES!!! kids can say "pick me dad, pick me"

You know your thought here exposes the foolishness of the article and yes i too rank it up there with the lop ....excuse me while I flush

the other idea that I thought was good was why announce a level ahead of time? Speculators will jump in unless something else happens before they have the chance.