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

zik,

I understand what you're thinking and it's a great point. Way I see it they will do 1 of 2 things. A low r/v will have an affect of more speculators buying up low and selling high when the rate goes up which it's sure to do once it's internationally recognised. Now too high a r/v will as you say drain the foreign reserves that Iraq has and that when they're trying to build it up is not a positive move.

That's why personally I think they will r/v somewhere in between like .30-.35 to the dollar. This way some may offload like myself but keep some back hoping it will go up in time to 1:1. In other words at this rate, there will be some speculators that will still go out and buy dinar with the hope that they will go up a lot higher. These people can offset the ones like myself who will offload a lot of their own dinars.

This will help to keep the r/v stable. Remember there are a lot of people with 10's of millions of dinar that are in this for the long haul of the rate exceeding 1 dinar to 1 dollar and more. I spoke to someone recently who has 20 million and he said even at a rate of .35 r/v he would only offload 5 million dinar as he foresees a time when the dinar will be on a 1 to 1 with the dollar. Now that's a serious investor!

yogi,
the compassion is for my own soul. I still think he's an *****.
thanks for the help!
kristin

ps adster,
I'd love to order more, but I'm pretty much out of expendable cash. That's why I'm so interested in the possibility of a January peggo.
cheers
kristin

kristin,

Believe the next week will tell us a lot with the elections on Thursday and an IMF speech the next day. Should be some sort of indication in there as to the next step.

Let's all take our hard earned money and again invest in something that just about when you go to get your cash out ooopppps it's being investigated!
Right!

What are you talking about? What's to get investigated?

Originally Posted by Adster

zik,

I understand what you're thinking and it's a great point. Way I see it they will do 1 of 2 things. A low r/v will have an affect of more speculators buying up low and selling high when the rate goes up which it's sure to do once it's internationally recognised. Now too high a r/v will as you say drain the foreign reserves that Iraq has and that when they're trying to build it up is not a positive move.

That's why personally I think they will r/v somewhere in between like .30-.35 to the dollar. This way some may offload like myself but keep some back hoping it will go up in time to 1:1. In other words at this rate, there will be some speculators that will still go out and buy dinar with the hope that they will go up a lot higher. These people can offset the ones like myself who will offload a lot of their own dinars.

This will help to keep the r/v stable. Remember there are a lot of people with 10's of millions of dinar that are in this for the long haul of the rate exceeding 1 dinar to 1 dollar and more. I spoke to someone recently who has 20 million and he said even at a rate of .35 r/v he would only offload 5 million dinar as he foresees a time when the dinar will be on a 1 to 1 with the dollar. Now that's a serious investor!

Seems very risky to rely on this strategy with only 10 billions to back it up. If they r/v to 0.3/dinar, the currency board would need 4 trillions US$ in reserves. If there is a run at this rate, they won't have sufficient reserves and Iraq will have a major problem.
Besides, can they even allow a r/v to happen, knowing its not 100% backed?

Originally Posted by Adster

kristin,

Believe the next week will tell us a lot with the elections on Thursday and an IMF speech the next day. Should be some sort of indication in there as to the next step.

We anxiously await your report hot off the press.

Hi Adster,
I just signed up under you today. As stated in eariler messages, I own 1M of dinar at the present. I will purchase another M sometime next week. Thank you and all the posting members for their advise. lol

Teshema

I am having trouble with the FreeDinar site.
It will not take my user and password to order more bills.
It there a problem that I am not aware of?
I am strictly a customer.
Thanks for any help.

Tim