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

don't feel bad choochie, i've been in a state of confusion all day long! from reading this man's viewpoint sounds quite negative to me, but i could be in the dark.

Well, I didn't get very much sleep last night, and now it seems that nothing is making much sense to me. Maybe I need to go back to sleep and try again, but alas, I have way to much to do.

yeah i know i didn't sleep too well either and tonight will be even worse. I think i need to take a breather for awhile and step back from this.

krissy72

It maybe a good idea, I try to take at least a day of every now and then, and Not log in here, it is very hard, but it makes it easier to handle the highs and lows.

That is exactly what that artical is say. If the revalue is internal and if the dinar does not become a globally traded currency then, in that case, we could not yet exchange our dinars at our local banks. The dinar must become a global currency like all the others for us to cash in.

Originally Posted by rodney ewalt

That is exactly what that artical is say. If the revalue is internal and if the dinar does not become a globally traded currency then, in that case, we could not yet exchange our dinars at our local banks. The dinar must become a global currency like all the others for us to cash in.

Then what would become of the ISX? Are they only going to trade markets inside of Iraq??

Originally Posted by whatever

Then what would become of the ISX? Are they only going to trade markets inside of Iraq??

I my opinion, they dinar must eventually become a globally traded currency, it must or the success of Iraq is doomed. I just don't know when the powers that are manipulating these events will cause that to happen but they will sooner or later. I don't see how they won't. It would not make any sence to me for Iraq to operate in a vaccume, isolated from the rest of the globe ecconomically.

That artical though was saying that the revalue was going to be internal only and was not to be celebrated. Now, who really knows what will actually happen? I guess we just all have to keep waiting to see what the final results will be but as I have said before, I don't understand much about economics but common sence tells me that the dinar must become globally traded at some point and if some one can explain to me how it might not or what would be gained by the Iraqi government issuing a reprint or ahy such thing, I would really love to hear it.

It is well known that the Iraqi dinar is a local, not a global, currency. It will remain the same both in the foreseeable and distant future. The country's import capacity, the consumption levels, and the welfare of the Iraqi individual, all depend on the circumstances of oil exports and the policies and methods of handling them. It is also known that about 99% of foreign exchange revenues in Iraq are petro-dollar revenues, since oil prices are paid in dollars and have nothing to do with dinars.\

These two lines seem to be saying that since 99% of foreing exhange is done with petro-dollar revenes that there is no reason for the dinar to be globally exchanged; thus, there is no need for a reval globally but only internally.

Just how much of an expert is this guy anyway?

I feel since the dinar dealers are WANTING TO BUY BACK DINAR, then the dinar is about to increase in value. They aren't going to buy back just cause they are good guys wanting to do us a good deed. No offense, they are business minded and want to prosper just like the rest of us.

I can only imagine how "upset" the U.S. government would be if what he says is true.

And I haven't excluded the option that I HAVE TOTALLY MISINTERPRETED THIS WHOLD ARTICLE.

I feel much better after posting this and thinking it through. I would still like to know more about this so-called expert. Is anyone familiar with any of his other predictions?

Well, still excited!

Monica

Originally Posted by readytogo

It is well known that the Iraqi dinar is a local, not a global, currency. It will remain the same both in the foreseeable and distant future. The country's import capacity, the consumption levels, and the welfare of the Iraqi individual, all depend on the circumstances of oil exports and the policies and methods of handling them. It is also known that about 99% of foreign exchange revenues in Iraq are petro-dollar revenues, since oil prices are paid in dollars and have nothing to do with dinars.\

These two lines seem to be saying that since 99% of foreing exhange is done with petro-dollar revenes that there is no reason for the dinar to be globally exchanged; thus, there is no need for a reval globally but only internally.

Just how much of an expert is this guy anyway?

I feel since the dinar dealers are WANTING TO BUY BACK DINAR, then the dinar is about to increase in value. They aren't going to buy back just cause they are good guys wanting to do us a good deed. No offense, they are business minded and want to prosper just like the rest of us.

I can only imagine how "upset" the U.S. government would be if what he says is true.

And I haven't excluded the option that I HAVE TOTALLY MISINTERPRETED THIS WHOLD ARTICLE.

I feel much better after posting this and thinking it through. I would still like to know more about this so-called expert. Is anyone familiar with any of his other predictions?

Well, still excited!

Monica

Just find this to match with the article :)

Well, I ran a quick research of this "Dude"....he is to be respected to some degree but nothing says that he has something extraordinarily different from other in this forum.....matter fact, what he said, we have been debating for the longest time....he is just full of crap....that is MY OPINION!!

This is what I found about this "Dude"...


"Ali Mahmoud Al-Fakiki received his BSc in Economics from the University of Baghdad in 1963. He received a Postgraduate Diploma in Small Industries Management in 1967 from the Research Institute for Management Science, Delft, Netherlands. In 1970, Al-Hariri received a Postgraduate Diploma in Quality Control from the International Quality Center, Rotterdam, Netherlands.

Currently, he works as an economic consultant at the Al-Fakiki Office for Economic Studies. During the period from 1964-1991, Al-Fakiki served at a number of Arab and international organizations and institutions, including: the Iraqi Federation of Industries, the Arab Cooperative Federation, the Iraqi Ministry of Industry and Minerals, the Industrial Development Institution, the Union of Japanese Consultative Projects, and the Office of the UNDP Resident Representative. Moreover, Al-Fakiki has conducted a number of studies in his fields of specialization."

http://www.ecssr.com/CDA/en/ProfileB...1,1970,00.html

Agreed Rodney..The international powers-that-be have too many plans for Iraq. There have been too many big players having meetings here there and everywhere for it all to be for naught. An internal peg doesn't encourage foreign investment either, not that I can see. And again, the whole ISX opening would seem pointless if the currency isn't revalued globally. It isn't as though Iraq has no natural resources, ya know? Perhaps that article was a bit of the 'discouraging' spin to prevent any more speculators from heavily investing in the dinar before it pegs. I mean, we see 10 encouraging articles and then this one? Are we sure Loops isn't the author? LOL