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

Hey guys, if the ISX is scheduled to open in September, obviously they want the dinar to peg first, but what happens if the dinar does not peg by the september deadline. Will the ISX open regardless or will they just set a new deadline allowing more time, for everything else to fall in place? Sorry if this topic has aleady been disscused. This is such a complex issue, it's not easy if your trying to explain it to someone who has not been on this forum.


Ps. is there a way to bookmark any particular post on this forum? it not easy looking for something you read 13 or 23 posts ago (4174 wow this is crazy! I say it definately pegs before #5,000!!????

Originally Posted by jsfletcher

and besides it's not like as soon as the reval hits EVERY dinar will be cashed in. It doesn't work that way. It could take years for some of that currency to be exchanged, and as far as the currency our government holds, that is all "on paper" anyway, GW is not going to go the bank in a semi truck and say "can I get that in 20's"

You guys need to realize that I am one of those people that visualize what is being said....now THAT was hysterical!!!

To my understanding the different countries agreed to 'hold' their dinars for 5 years also...so that wouldn't even be a factor right now. What everyone needs to realize is everything in Iraq will be adjusted accordingly when the currency is revalued...The price of a can of pepsi will go down when the currency goes up...it won't stay 1200 dinars if the dinar is worth $1 USD! See what I'm saying? The people that will reap the rewards of the reval are the ones that are not in Iraq...investors like us that realized an AWESOME opportunity 3 years ago and have been waiting for all of the 'pieces' to fall into place! That would be us folks!

Originally Posted by jsfletcher

and besides it's not like as soon as the reval hits EVERY dinar will be cashed in. It doesn't work that way. It could take years for some of that currency to be exchanged, and as far as the currency our government holds, that is all "on paper" anyway, GW is not going to go the bank in a semi truck and say "can I get that in 20's"

Funny way to put it. But presicely put. Also relize most of the dinars and I mean most of the dinar are still held by other countries and CBI its self.

I also believe that most averge people will cash all in that they have say under 2 million at first revalue. My 2 dinar think is then it will go higher as they will know how much and where it is that is left.

Originally Posted by tiffany

You guys need to realize that I am one of those people that visualize what is being said....now THAT was hysterical!!!

To my understanding the different countries agreed to 'hold' their dinars for 5 years also...so that wouldn't even be a factor right now. What everyone needs to realize is everything in Iraq will be adjusted accordingly when the currency is revalued...The price of a can of pepsi will go down when the currency goes up...it won't stay 1200 dinars if the dinar is worth $1 USD! See what I'm saying? The people that will reap the rewards of the reval are the ones that are not in Iraq...investors like us that realized an AWESOME opportunity 3 years ago and have been waiting for all of the 'pieces' to fall into place! That would be us folks!

Very well put tiffany. This is exactlly the way I see it and have came to understand it. It all has been writen and said in so many ways that this is what it all boils down too in terms of math.

Dinar Gang, Please take a Break and Relax read this. It is about Stadegy in saving money. http://rolclub.com/showthread.php?t=8954

Originally Posted by zugdor

Hey guys, if the ISX is scheduled to open in September, obviously they want the dinar to peg first, but what happens if the dinar does not peg by the september deadline. Will the ISX open regardless or will they just set a new deadline allowing more time, for everything else to fall in place? Sorry if this topic has aleady been disscused. This is such a complex issue, it's not easy if your trying to explain it to someone who has not been on this forum.


Ps. is there a way to bookmark any particular post on this forum? it not easy looking for something you read 13 or 23 posts ago (4174 wow this is crazy! I say it definately pegs before #5,000!!????

If the ISX opens before the dinar is pegged...I will be purchasing Iraqi companies for peanuts and loving every minute of it!!!!

Yes I understand this part but I don't believe that the Iraqi's would allow this to happen if they could avoid it by simply pushing back the deadline if that is even a possibility My question is how soild is this September deadline for the ISX? Is it written in stone and if so will they face heavy penalties or something if they don't meet the time requirements, or will they simply go back to the drawing board and set a new deadline?

< Very Cute >
Lisa

Here we have it, cabinet today, parliament tomorrow!!!


Iraq cabinet passes foreign investment law
(Reuters) Jul 19 2006 17:3

http://www.noozz.com/Iraq/

BREAKING NEWS
Iraq cabinet passes foreign investment law
Reuters
Jul 19 2006 17:3

BAGHDAD, July 19 (Reuters) - Iraq's cabinet passed the country's first postwar law to regulate foreign investment on Wednesday, hoping it will attract badly needed cash to revive the country's shattered economy.

But the legislation, which also requires parliamentary approval, does not cover investment in upstream oil production and exploration.

The law gives Iraqi and foreign investors equal shares in investment projects, except in land ownership.

It allows investors to move money in and out of Iraq with few obstacles, according to a draft obtained by Reuters, and also requires that at least 50 percent of the employees in a company should be Iraqis.

Iraq, which sits on the world's third largest oil reserves and is a major producer, had expected billions of dollars in foreign cash after a U.S.-led invasion toppled Saddam Hussein in 2003.

But instead of taking part in rebuilding projects, foreign companies have stayed away because of the relentless bombings, shootings and kidnappings.

The vast majority of foreign money has been poured into security for western companies, not reconstruction projects.

(Reporting by Mariam Karouny, Editing by Ian Jones)

Keywords: IRAQ INVESTMENT