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

Originally Posted by Caroline

Mike, can you please explain your reference to the Swiss dinar?

I have no idea what you are talking about.

Thanks so much.


Caroline

Hi Caroline,

In the north the Kurds used a different currency than the Saddam dinar, and it had a different value, for obvious reasons, this region was always more economically sound since it had broken away from Saddam regime, and much of what we are seeing happening now is based on the more stable areas of country. This better supports the real value of dinar, so I keep my ear to the ground in the north more than in Baghdad. (g)

Good luck to all, Mike

Hmm, are you having trouble with your hearing Mike??

Maybe you are getting abit old?
I suggest you see a doctor and they will probably give you a hearing machine or what you call it.

Here is link to learn more on this so called Swiss dinar, not that it was issued from Switzerland. LOL

http://www.cpa-iraq.org/budget/IraqC...yExchange.html

Good luck to all, Mike

Thanks, Mike, for your quick explanation of what the Swiss dinar was, but now please tell me what happened with it! You said we should look to what happened with the Swiss dinar to understand what is going to happen now with the new dinar.

Caroline

Originally Posted by Raditz

Hmm, are you having trouble with your hearing Mike??

Maybe you are getting abit old?
I suggest you see a doctor and they will probably give you a hearing machine or what you call it.

Right you are John, I am hearing things all the time, but it is not my ears that are failing, it is my brain. LOL

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Sure is, even I am getting excited now. LOL We have all been on a roller-coaster ride with PIPS that it can get a little old after all this time, but I truly believe we are all going to be homefree shortly, so hang in there. Funny thing is, I am still hearing .30 to .40? (g)

Good luck to all, Mike

Hey, at this point in time I'll take .30 to .40, it can only go up from there!

Okay, Mike, I looked at that link. 1 Swiss dinar equaled 150 old dinars.

COOL!

Caroline

So, Mike, Adster, all..... Does it mean we're getting there and for good this time? Does it mean just that? Does it? Excuse my excitement............

Originally Posted by Caroline

Thanks, Mike, for your quick explanation of what the Swiss dinar was, but now please tell me what happened with it! You said we should look to what happened with the Swiss dinar to understand what is going to happen now with the new dinar.

Caroline

Hi Caroline,

Do you have a few hours? LOL Seriously, it is all about stability, and the Kurdish region was far better run than the rest of the country, and the value of their dinar reflected this. Saddam ruined the country as we all now know, and how he did it was to rape the country of all its assets and never reinvest in it, as in the disrepair of oil industry. When you reason about the dinar, and the value it should be at, you have to look to the north for the real facts about value of what dinar should be at, not Baghdad. Simply put, the fact that economy was always stronger in north demonstrates the undervalued point the dinar is at presently. This will have to change, and soon.

Good luck to all, Mike

Thanks, Mike, I understand now. I see that the Swiss dinar was exchanged for 150 new dinars. I just didn't know that before.

Very exciting. I would be thrilled with .30....or even .3 would get the ball rolling!


Caroline