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

Sorry I've been gone . . . computer problems . . . I had to purge a bunch of stuff the Forex downloaded . . . they really slowed my machine down . . .

I am still watching the forex but not for a *peg* . . . but for their auto-update news ticker . . . they show a lot of interesting financial-related stuff and just might show something like this under this news section . . .

As of now [9:07PM.ET] I have had no updates from my Kurds . . . and as I've stated in all posts . . . if / when / I do hear something I will advise all . . .

Good enough.

We have spent a fair amount of time in the last couple days with back and forth emails from my Kurd L/Friend's family . . .

Have you sent them an email? Do they usually take so long to get back to you?

ISX-Data.com Editorial
Re-Value the Iraqi Dinar? Yes!
One Investor's Take on the Valuation of the Dinar

* By: Roger Isaksson (email)
* Published: 08/31/2006
o this author's past articles

Iraq's current government has been staggering badly under the pressure of growing violence and widespread infrastructure failures. As a result, government consolidation is taking place, including dismissals, arrests, and the emergence of strong personalities. Yet still, most government participants appear to lack the will to stick their neck out and make bold moves that would ultimately help the Iraqi people.
The Iraqi Dinar

Economically, according to my estimates, the Iraqi dinar is hopelessly undervalued, and should have been revalued long ago. The dinar is held down artificially by the Central Bank of Iraq (CBI), resulting in very little buying power for the Iraqi working class. Currently, most of the day-to-day products needed by Iraqi's are produced outside of the country, but when buying it with an undervalued currency, nobody except the intrepid merchant benefits. In order to justify the costs of manufacture and import into the country, most things that we in the West take for granted are priced far beyond the average Iraqi's ability to pay for it, due in large part to the vast exchange rate differences.

Due to these currency differences, few Iraqi's can afford the items they want or need. As fewer people can afford them, the market for these items is artificially small, resulting in less competition and higher prices. This, coupled with the day-to-day disruption of goods and services due to the violence plaguing large tracts of the country, have led to high levels of inflation.

By revaluing the Iraq Dinar to it's true value towards the market, the Iraqi people will regain a measure of their buying power back. Imported goods will now be within reach of nearly everybody, helped to infuse the Iraqi economy with a new vitality.
True Dinar Value

In analyzing the true value of the dinar, many have predicted a value as high as parity with the US dollar ($1 = 1 dinar), while more conservative estimates have been in the range of a $0.01 = 1 dinar. This range, of course, can only be estimated, because the dinars true strength can only be determined, as with all currencies, once it is freely traded on the world market.

The continued lack of purchasing power of the Iraq dinar will be yet another factor in a long line of social problems, and some have the idea that those problems have to be addressed first before the economy can be fixed. The Iraqi man on the street is having a hard time feeding his family, and in such dire circumstances he may even be tempted to work against his fellow Iraqi's through insurgency, crime and even terrorism. This writer urges the current Iraqi Administration; fix the dinar.

The "Big Guys" are standing at the gate waiting to get in, but have to wait until they get assurances that the investment will not be socialized as in Saudi Arabia, Iran and Venezuela, or lost completely due to a full-blown civil war. The new Iraq Investment Laws are tentative right now, but hopefully the Iraqi Government will make it a top priority when they return to session this fall. However, as with everything in Iraq these days, this supposition is a moving target at best.

**END ARTICLE**

If this was posted before, maybe it was, it is still a great reminder and encouragement to us all

I'm glad you haven't heard different because that gives me hope for tomorrow. You know that your Kurdish buddies will be hopping mad come tomorrow with no reval. Heck, they might even hop back in the Army Humv and drive back to Bagdad and put a foot up their a$$es. Just wanted to say that I've enjoyed your posts.

The purpose of this post is to make folks aware that I'm here, not going anywhere, and still very, very, optimistic . . .

In both phone messages & emails we have received our Kurds are patiently waiting . . . as we are . . .

They have a lot on their plates and the r/v is not quite the priority it is on these forums . . .

I'm sure if it is moved back they will be no more happy than we will be . . .

The Kurds are *SHOW-ME'S* . . . not *TELL ME'S* . . .

They trust us more than the other two-thirds of their own country . . . and they still don't trust us 100% . . . remember we HAVE left them hanging [literally] a time or two in the past . . .

Originally Posted by RollsRoyce

If you had gone back a bit further in my posts you would have read that . . . her actual name is *Newal* . . .

I *nicknamed* her *Indira* because she is the spitting image of the *Actress* Indira Varma . . . *HBO-ROME & The Kama Sutrra* . . .

I have looked through the majority of your post though I have to admit I more or less skimmed over them. I'm sorry if in my post I conveyed any sort of negativity. I am as caught up in this whole situation as anyone else and I just want as much information as possible. Thank you for your response, and as always I will be waiting(as patiently as possible) for any update you may have.

Thanks again,
Trent

Indmn_01,
I posted that on IIF and they got their panties in wad about mentioning another site even though a never said what site and never planned on saying which site. They're so uptight about that over there. Guess they lack confidence in their website. Anyway...explanation seems good enough.

Originally Posted by lndmn_01

I have looked through the majority of your post though I have to admit I more or less skimmed over them. I'm sorry if in my post I conveyed any sort of negativity. I am as caught up in this whole situation as anyone else and I just want as much information as possible. Thank you for your response, and as always I will be waiting(as patiently as possible) for any update you may have.

Thanks again,
Trent

No problem Trent, no negativity taken . . . RR

Hi Rolls Royce... :) just so you know.. this weekend..
it was a rehearsal for us we were really practicing party time :)
A few days ago you made a incredible post about Indira and friends, relatives.. I was really intrigued by your descriptions but I can not find it anywhere? If you
remember where its posted would you mind pointing me in the right direction.. I feel I can take the time to enjoy it now that "rehearsal" is over...
Thanks for being here in the ditches with us... ez :)