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

"is important in this connection to take into account the study as a result of the decision dinar equal dollar repercussions on the local commercial transactions, and how to avoid any disruption to the transfers of traders and banks

Am I reading this correctly,.......That they believe dinar equal dollar could have repercussions to their commercial transactions.....?

Could this be a hold up or a "disruption" to the reval at 1:1. That whole article sounded pretty serious as to them considering the cons. Of course I would want them to do exactly that, cause it ain't just about me getting rich, but mainly about Iraq coming forth victorious.

Or are they just voicing their speculations and trying to keep it all balanced with both pros/cons?

My prayer is that the reval happen at a rate that "ALL" would benefit greatly.

Any thoughts on this?

Monica

yes monica good post . i dont want to make a dime if it herts some body else.

I don't see it as a "disruption"...It's more of a "heads up" because "this is what we are going to do" kind of thing. The reval can't be done solo...They are going to have to coordinate with businesses, banks, and their own government subsidies to make sure they keep the "playing field" fairly level through the transition. It is definitely coming...Too many "blurbs" in their news over there to be a fluke...

EW

ZIP-A-Dee-Doo-Daaa-Zip -A-Dee-YEAYEEEEEE!!!





And a WooooOOOOHOOOoooOOO! For good measure! lol!

***Quick question...Why aren't my bananas dancing? Seriously...lol!

Originally Posted by cigarman

Kristin, the article pretty muchs says that it will reval to the USD, but they want to make sure they can withstand it economically and how to reprice goods in Iraq without causing trouble. That's my take anyway.

Thanks. You know, one of the reasons that I would like to see this thing happen for the great good of all, is to get together at the spectacular PegParty and meet all the wonderful people that have come together and created a community, sight unseen. Everyone is so willing to help and take time to explain things. It would be nice if that goodwill could spread over to the Pips community, that sometimes seems so cranky and ready to attack. Anyway, God bless us all, everyone.

Originally Posted by ourhouse37

Thanks. You know, one of the reasons that I would like to see this thing happen for the great good of all, is to get together at the spectacular PegParty and meet all the wonderful people that have come together and created a community, sight unseen. Everyone is so willing to help and take time to explain things. It would be nice if that goodwill could spread over to the Pips community, that sometimes seems so cranky and ready to attack. Anyway, God bless us all, everyone.

I noticed that when I was over in those threads a couple nights ago...cranky is one thing...have you ever read in the IIF? I SWEAR 3/4 of the people in there are BI-POLAR, if you know what I mean! I have read threads from start to finish over there and one day dinars are worthless and anyone that holds them are nit-wits...the next day the very same members are EXCITED and making plans for the future with the gains that they are going to make when their 'worthless paper' is revalued!!! Good Grief! I can't keep up over there! I like it here much better! I feel the same way...can't wait to meet everyone in person and put faces to the names!

Originally Posted by tiffany

I noticed that when I was over in those threads a couple nights ago...cranky is one thing...have you ever read in the IIF? I SWEAR 3/4 of the people in there are BI-POLAR, if you know what I mean! I have read threads from start to finish over there and one day dinars are worthless and anyone that holds them are nit-wits...the next day the very same members are EXCITED and making plans for the future with the gains that they are going to make when their 'worthless paper' is revalued!!! Good Grief! I can't keep up over there! I like it here much better! I feel the same way...can't wait to meet everyone in person and put faces to the names!

I think everyone here is so cool because:

1. We are admitted Dinarholics.
2. We, unlike many others, have no problem with that.
3. We all know that a re-val and a Peg is as good a reason as any to party.
4. We probably all will be fabulous wealthy people.
5. Being fabulous and wealthy gets you into the Betty Ford Center in Palm Springs, California.
6. Palm Springs is a fabulous party town.
7. Loops is buying all the kegs.

Originally Posted by Adster

Hi guys, got little time, so quick post. Really good news this, have a read. Read the title, it's a killer! Also knocks out the lopping of zeros possibility that some worried about!

Be back later in the week.

Adster.


http://translate.google.com/translat...language_tools

Banking and business circles show great interest in the proposal dinar equal dollar
Source : Newspaper Conference - 29 / 06 / 2006
Finance Minister announced a statement of Iraqi boat, "that the ministry and the Central Bank of studying a proposal to raise the value of the Iraqi dinar. and the return to normal ".

The statement dominated the concerns of the minister and commercial banking community, as well as citizens, Fearing exposure to the Iraqi market due to the pressure of the implications of such a procedure could lead to some sort of instability in the terms of trade, In calculating the value of the dinar exchange rate of foreign currencies, especially the dollar. The managing director of the Credit Bank of Iraq Fuad Al-Hosani statement by the Minister of Finance b "very important". However dinar equal dollar, "he said, pointing out that it is pleasant Lnvos Iraqis, who aspire to the restoration of Iraqi currency. as it was before the 1990s of the last century and wondered if the national economy in its current state is able to move to the stage of the equality dinar dollar "? However, well-focused much of the statement of the minister on the boat to support the World Bank proposal, He said : "The study of the current state of affairs makes it have to satisfy to give a final opinion in this matter.

He said the managing director of the International Investment Bank Assyria Zuhair Al-Hafiz. "The proposal of the Minister Al needs to pause and carefully consider the repercussions of the security conditions on the Iraqi economy, which makes it unable to absorb any defects that might affect the business dealings in the absence of the proposed study carefully.

He wondered Alternate Director Basra International Bank for Investment Badi intellectual : "Is that a reduction of Iraq's international debt and increased liquidity resulting from higher oil prices, enough to take such a decision "? He added, "is important in this connection to take into account the study as a result of the decision dinar equal dollar repercussions on the local commercial transactions, and how to avoid any disruption to the transfers of traders and banks.

Okay, folks, this article has finally made a true believer out of me!

Thanks so much, Adster, for posting this. It's obvious that a re-val of some sort is in the works. I will be delighted with whatever it will be...even if it's something small to start out with, just think how exciting it will be to watch it grow! But just maybe they will decide that they CAN handle a 1 : 1 reval.

Cheers to everyone!

Caroline

Originally Posted by whatever

I think everyone here is so cool because:

1. We are admitted Dinarholics.
2. We, unlike many others, have no problem with that.
3. We all know that a re-val and a Peg is as good a reason as any to party.
4. We probably all will be fabulous wealthy people.
5. Being fabulous and wealthy gets you into the Betty Ford Center in Palm Springs, California.
6. Palm Springs is a fabulous party town.
7. Loops is buying all the kegs.

I know this is a teeny bit off subject, but regarding fabulous wealthy people? I did a mid-life crisis re-education to go into service, to be a household/estate manager with my husband. It's a comprehensive management system to care for the families and homes of very very wealthy people. (hey! maybe some of us will be in a position to hire one or two!) You'd be amazed at how ill-equipped some of the hyper wealthy are to take care of their own stuff. Right now I'm back painting houses, because frankly I'm not real impressed with the way the rich folk deal with the less rich folk. So let us take care, when we are them, to guard against being arrogant, mean, and just plain bullies. Their children are often very maladjusted as well, and outright neglected. A new opportunity comes to me.....service consultancy for the "new dinar wealthy"!

Kristin, I dont know about off subject, but it is a great post.