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

Originally Posted by cigarman

Hey Mike can we have a interesting. LOL

Wonder if Mike is sleeping in this morning, or perhaps he is qued up at the exchange bank :)

"Interesting"

Originally Posted by flygirl1

Hi everyone, I wasn't expecting the forum to be here this morning. I have my coffee and have been reading all of the posts this morning. What a difference a day makes. I do have a question that was not answered. I thought that the r/v was going to be high to begin with because if it was too low the country could be bought up for nothing by Donald Trump. At .10 to .20 couldn't that happen? Any thoughts or did I miss something.

There will be stipulations in the FIL to prevent the country being bought up for pennies.

Oil in 1986 was selling for $14 a barrel, today it's going for $77 a barrel with the prospect of it rising to $100 in September. The rate back in 1986 was $1.60. I'll let you get excited and work out what can be achieved! We have here a 320% rise.

They are also pumping out twice as much oil as they were 20 years ago. :0))))))

All I'm saying in all of this which some are missing the point is that if it opens low it will float rapidly faster than the speed of one of Tiger Woods tee shots and we will be better off than a peg of .68 which will most likely stay at .68.

I know which I prefer!

Originally Posted by Adster

Oil in 1986 was selling for $14 a barrel, today it's going for $77 a barrel with the prospect of it rising to $100 in September. The rate back in 1986 was $1.60. I'll let you get excited and work out what can be achieved! We have here a 320% rise.

They are also pumping out twice as much oil as they were 20 years ago. :0))))))

All I'm saying in all of this which some are missing the point is that if it opens low it will float rapidly faster than the speed of one of Tiger Woods tee shots and we will be better off than a peg of .68 which will most likely stay at .68.

I know which I prefer!

At a 320% rise, that takes us all the way up to about $5.12. Would love to see that happen in the next 3-4 years!

YEEEEAAAAAAA!!!!!!!.....LET IT PEG LET IT PEG LET IT PEG.....GO DINARS....good news....now if they can hurry up and hurry up and peg the damn! thing.....lol....any opeg is good to start because i believe like Adam and someothers are saying....it will climb higher and very fast....IMHO....Pat

Originally Posted by Adster

Oil in 1986 was selling for $14 a barrel, today it's going for $77 a barrel with the prospect of it rising to $100 in September. The rate back in 1986 was $1.60. I'll let you get excited and work out what can be achieved! We have here a 320% rise.

They are also pumping out twice as much oil as they were 20 years ago. :0))))))

All I'm saying in all of this which some are missing the point is that if it opens low it will float rapidly faster than the speed of one of Tiger Woods tee shots and we will be better off than a peg of .68 which will most likely stay at .68.

I know which I prefer!

Hi Adam,

I prefer more too! If you have the time could you please answer a question for me? I'm one who is missing the point. What difference does it make whether it starts low or at .68? Why will it not rise if it pegs at .68? Are we talking the difference between peg and reval?

Thanks for your time.

Monica

Originally Posted by flygirl1

Hi everyone, I wasn't expecting the forum to be here this morning. I have my coffee and have been reading all of the posts this morning. What a difference a day makes. I do have a question that was not answered. I thought that the r/v was going to be high to begin with because if it was too low the country could be bought up for nothing by Donald Trump. At .10 to .20 couldn't that happen? Any thoughts or did I miss something.

Hello Flygirl,

I remember reading several pages back that the CBI currently has somewhere around 60% of the total Dinars in circulation in its possession in Iraq. Also, you can't buy up the country if the country's companies aren't being traded on the ISX yet and the country hasn't been opened up to international investors. Remember, the ISX isn't due to open until Sept. or Oct. so there will be ample time for the Dinar to increase in value before trading begins. If what Adster's economists say is true and the value will quickly rise, it will be worth plenty by the time any international contracts can be inked or awarded. I hope this helps....

EW

Thanks, You are ever so wise! Is there any news on when the ISX will open? I assumed it was Sept.

(Voice of Iraq) - 11-08-2006

Governor of the Central Bank of Iraq that Iraq can not initiate development projects without dropping debts



Baghdad (11 August) and the (Ak) Italian News - The governor of the Iraqi Central Bank Sinan Shabibi that "more than half of the debt owed Iraq are benefits accumulated" He added "Iraq can not start new development projects and reconstruction could take place without being dropped from the debt burden." He Shabibi in a lecture delivered at the premises of the Iraqi Foreign causes the accumulation of debt, which stood at the Iraqi 146 billion dollars, almost due in particular to the "massive indebtedness of the former regime to fund the wars waged in the custody, and especially the Iran-Iraq war which lasted eight years. " The Central Bank Governor, "it is hoped cancel $ 120 billion of the total debt of Iraq by the end of 2008," Russia will remain only "20 billion dollars," he said. Referring to the role of Iraqi diplomatic relations management through bilateral and multilateral "aid in the realization of this achievement." The Governor of the Bank achieved at the level of relationship with the Paris Club and the agreements that have been with him, He pointed out that an estimated "50 billion dollars of the total debt Iraq owed for this club has been uncontrollable conflagration" and stating that "Iraq has largely succeeded in persuading creditors to extinguish Iraqi debt will benefit them in future as they will be investment opportunities in Iraq is very significant." Turning Shabibi also to the relationship of Iraq with the International Monetary Fund, which is linked to the Paris Club in terms of mechanisms of action.

Originally Posted by cigarman

Hey Mike can we have a interesting. LOL

Funny,

Sure, here it is, "interesting". LOL

Good luck to all, Mike