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

Originally Posted by CharmedPiper

Well, if they don't reval like we want then when they enact the FIL I am flying over there and buy me up some Iraq...I always did want to own a country.....!!!

The FIL will have restrictions on the percentage of investment by foreigners and it will not be possible for individuals or countries to fly into Iraq and buy the country out. For far too long, this theory of "buying the country for pennies" has been flouted. Laws and a country's sovereignity prevent such buy outs.

This is for Bill Knowles and all you other econowizards out there...

I am thinking that in order for Iraq to enjoy the benefits of being an integrated part of the the world economy it's currency would have to be fully convertable...ie when I go to the airport, before I get on my plane I can exchange some dollars for dinars. What do we expect to happen when the currency becomes fully convertable? Will it be subject to supply and demand, with the market ultimately setting the value? Will the CBI have to conduct currency auctions (continually adjusting the supply against the demand) to control the rate? or will there be flat peg--CBI sets the rate at 1250 (a possibility according to the latest article)?

my thinking is that they may reval at a very low rate, but I cannot believe that it would stay there for any length of time. Once big business and big oil steps in, the only way to keep the currency down is by artificial means.

Honestly, can you think of a better way to shake out weary indirect investors? Tell 'em it's going to be another little while, and that the rate is going to be less than a penny....I'm sure there will be some who on hearing this will seriously consider cashing in and getting on with their lives...

Originally Posted by SeaRayaWaitin'

Cue the 'smokescreen' theories. Can't wait to see how this get's spun into how there's going to be a high reval anyway.

Well aren't you just a ray of sunshine!

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"

Sorry MrsCHK, ever hear the expression out of sight out of mind? I don't think the 10K gift will happen this year. 40 of it's 90 day life are already over.

Originally Posted by CharmedPiper

Well, if they don't reval like we want then when they enact the FIL I am flying over there and buy me up some Iraq...I always did want to own a country.....!!!

I'm going over to open a Shi'a Pet factory. Shi shi shi Shi'a.

Originally Posted by rvalreadydang

Well aren't you just a ray of sunshine!

As always.....you can always expect this sort of response from SeaRay unfortunately. That's OK though. It takes all kinds and just more reasons to look forward to the BIG day.

Read my signature SeaRay.

At 1250 to 1 that would be the "Break-Even" mark for me. Anything above and beyond that is plain old "ROI- Return on Investment".

So don't feel bad if it "only" gets to 1250 by the beginning of 2007. That only means it is STILL going in the right direction!

Nobody knows what the real plan is, and everyone has the right to think what they want (even gloomers like SeaRay.... ).

Fact of the matter is, we can only sit back and watch this thing unfold.

We've all earned the "Patience Badge"

Originally Posted by postcon

The FIL will have restrictions on the percentage of investment by foreigners and it will not be possible for individuals or countries to fly into Iraq and buy the country out. For far too long, this theory of "buying the country for pennies" has been flouted. Laws and a country's sovereignity prevent such buy outs.

What restrictions are in place???? Maybe I missed something but I bet I could find lots of things to buy with a currency rate that is in the toilet.

NOW THAT'S FUNNY!!!

Originally Posted by rvalreadydang

Well aren't you just a ray of sunshine!

Originally Posted by CharmedPiper

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!!!

for anyone who wonders what Iraq might look like after they get a grip on security and allow foreign investors in, google Dubai.

I think that Dubai is the standard by which prosperity is measured in the ME and when the men in expensive robes dream about designing cities, they dream of "History Rising"...it must be frustrating as heck for the politicians, the businessmen, and the regular folk to look around the region and see what everyone else has accomplished, while they chase the kerosene truck with vouchers.

I've been to Dubai, I've seen the conspicuous consumption--it's very intimidating...women with couture bags and shoes--cant see the clothes cuz their wearing the burka--the hotels like museums and the islands created out of dust....You can bet you dinar that our Iraqi freinds have seen it too...that's one of the main reasons my sweet husband and I don't sweat the long term with this--we know where they're going...we just wish they'd trade the camel for a benz and HURRY THE HECK UP!!!!!