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

Originally Posted by Adster
Internal rate of 800:1 by 2 July, (or within a few days of that) then last week of July at 1:1 it will open to the rest of the world....

I think someone just asked the same question that I'm about to ask but we NEED to know this. If they r/v internally at 800:1, will this affect the price that WE pay to buy dinars? I just bought some more yesterday and the rate was 0.0008667 so if they r/v internally at 800:1 will that price that I paid rise as well? I hope not because I still have another 2 paychecks in the month of July with which I can buy some more DINARRRRRR lol

Cheers all,

Rob
P.S.: Sorry for reposting this but before it gets 'lost' in all the posts I really would like someone to answer this....Adam, Mike, anyone??? lol. Thanks all, cheers!

thanks clueless for this insightful option........

Originally Posted by robmccallum01

I think someone just asked the same question that I'm about to ask but we NEED to know this. If they r/v internally at 800:1, will this affect the price that WE pay to buy dinars? I just bought some more yesterday and the rate was 0.0008667 so if they r/v internally at 800:1 will that price that I paid rise as well? I hope not because I still have another 2 paychecks in the month of July with which I can buy some more DINARRRRRR lol

Cheers all,

Rob
P.S.: Sorry for reposting this but before it gets 'lost' in all the posts I really would like someone to answer this....Adam, Mike, anyone??? lol. Thanks all, cheers!

I don't know for sure but would certainly expect prices from any dealers still selling to go up right along with any revals done. sure seems like their costs would go up and they would have to pass that on to their customers.

Adster, Mike,

So are we know looking at an internal reval at @ 800:1 and then going straightaway to the 1:1 peg at the end of July...no more .68:1 (or is it 1:.68?)
Well, you know what I mean..(I think)

Originally Posted by clueless

I don't know for sure but would certainly expect prices from any dealers still selling to go up right along with any revals done. sure seems like their costs would go up and they would have to pass that on to their customers.

Yes, costs for dinars will go up as soon as an incountry r/v is announced, (if it's announced). Bruce might even have to suspend sales.....sure it'll be the same for all dealers.

Originally Posted by whatever

Adster, Mike,

So are we know looking at an internal reval at @ 800:1 and then going straightaway to the 1:1 peg at the end of July...no more .68:1 (or is it 1:.68?)
Well, you know what I mean..(I think)

I have heard this yes, the guy has been wrong before but he's also been right about certain things. Also fits in with freedinars and what they've said on their conference calls by all accounts.

Originally Posted by whatever

Adster, Mike,

So are we know looking at an internal reval at @ 800:1 and then going straightaway to the 1:1 peg at the end of July...no more .68:1 (or is it 1:.68?)
Well, you know what I mean..(I think)

Interesting,

We have all seen a lot of posts talking about the lifting and raise in dinar to level of dollar, so I am as hopeful as all of you it starts this high, but my contacts are still saying .30 to .40 to start the ball rolling. So my thoughts are, I think these articles are testing the markets reaction as sort of an acid test. Seeing who says what, when and where before they actually announce revalue. No doubt, it will rise rather quickly, and this is a natural rise, not artificial, so a far more important factor to see happen for long term economic stability. We know the current dinar is stable for the first time in decades, a first great step, so now we are waiting for second great step, then off to the races. LOL

Good luck to all, Mike

Rob, in the first place, no one knows for sure what the new value rate will be, everyone is still "speculating". Until the Iraq officials come out of their meeting and make their decision publicly known, no one will know for sure. No one knows "for sure" what the official who made the comments about "raising the 3 0's" means either, the message was too cryptic (maybe intentionally, maybe not). One thing you can almost bank on though is the dealers are businessmen and will raise, or lower, their prices as their market deems necessary. Meaning, if there is a general consensus that the value of the Dinar is going to rise, then so will their prices, and vice versa.

My personal belief is that the Dinar will skip 1000/1, 800/1, etc. and jump past .01+. How far past I dont dare guesstimate. .70 being the highest IMO. The prewar level mentioned of $3.22 or whatever it was is a smokescreen once again IMO. That 3rd release of news with that figure was to attempt to stave off speculators such as us from cashing everything in. Before anyone slams me with "Iraq doesnt have the reserves to handle a reval like that", several things make those figures possible to me. I believe that much of the trillions of Dinar printed lay with other countries, the U.S. for one and maybe holding the bulk of "other countries holding Dinar". I read somewhere sometime that these other countries are bound to an agreement to hold the Dinar for a minimum of 5 years. I also believe that oil will play a part in the reserves needed to back a reval. I know that Iraq is banking on future foreign investment to add bigtime to their economy, thus the new foreign investment law being pushed hard. Finally, Iraq is in a very unique postiion being the model of a country going to a democracy from just the opposite. All the world watches what is happening in Iraq. The fact that the Iraqi situation is so un-normal makes things possible that wouldnt be considered "normal", if that makes any sense.

I was on the conference call last night with freedinar and they were saying that we will see an increase for the dinar at 1000 to 1 first then it will in a month or so go to 800 to 1 and then to 500 then 200 then1to 1 time will tell they say 1 year before 1to 1

I may be wrong in my thinking here but if it revals that slowly Iraq will be bought up for a bargain-basement prices, not to mention the ISX ....