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

in other words i believe those of us that invested are eventually going to be rich

THE MAD SCOT

Do you really think the dinar will revalue to 2.45 to 1 usd from 0.000688


















yeh that sounds reasonable













60,000% revalue

Originally Posted by aeara

i've heard of warka. besides this, what is - or will be - the easiest way for anyone in the us to invest in the isx?

bonds till 2028... gee, i may be in bardo by then.

anyone hear the cry of war profiteering!? that would be a huge, "Doh"!

once/if the dinar gets pegged, say at a rather small increase, how would this reflect on the current selling price? meaning, would the selling price closely reflect this or jump hugely?

i suppose we will be taxed on this. maybe we can find online sources to trade them in!?

Good question,

When the peg is made, I feel it will also be allowed to float, so it will be traded just like all other currencies on FOREX, so it should be interesting as I am sure there will be more movement up and down to further cash in and out on, just like I do with FOREX. We shall see.

Good luck to all, Mike

Interesting,

Who knows what the peg will end up being, but one thing for sure, it will be a windfall for all of us, and if we are patient, and watch the float, I would think $2.45 is within reach in 18 months. Just about how long it took for Kuwait dinar to rebound to former levels after invasion.

Good luck to all, Mike

Mike, not sure if I'm understanding you right, because what you say sounds so incredible. Are you saying that each dinar could be worth $2.45 in 18 months???

Caroline

yes. but as they say, "past performance is no indicator".
if there's no rv in 2 or 3 months... well, "Doh!".

i'm also wondering how this might tie into the state of the dollar.
how long before china decides to can their us bonds? i sure hope it's after one of these investments come through. if not, how many folks might have to buy camping equipment!?

just got another batch anyway. nowhere near a million still. but if it does reflect past scenarios...it may not matter....

Originally Posted by Caroline

Mike, not sure if I'm understanding you right, because what you say sounds so incredible. Are you saying that each dinar could be worth $2.45 in 18 months???

Caroline

Yes, as history always repeats itself, it seems logical to many that the value of the dinar will continue to rise just as it did under the worse of economic conditions while under Saddam's rule. It only makes sense that with a free economy, with no internal fraud and manipulation, plus free trade with no sanctions of the last 30 years, I see it rising above the old value of $3.30, so who knows where it could go, it is up to Iraqi people now.

There are so many possibities, so we can all speculate till the cows come home, but we just don't know yet. Todays bond sale will tell us much of what we need to know, and if there is interest and the international community purchases these bonds, then I think we will see $2.00 range by the middle of next year. The point is, if everyone cashes out hastily, they may miss the optimum potential. With the Kuwaiti dinar, it was also a slow recovery, and many of my friends cashed out early only to regret it later.

It always comes down to this, as history has taught us, what goes up must cme down, and what is down must go up, so the logics of the world will always prevail and I see great things for the Iraqi dinar over the long term, as well as a nice ROI in the short term. A more perfect investment does not exist and probably never will again. Great for the small investor, and monumental for the big investor. I hope Bryan invests in a couple hundred mllion, then PIPS could be saved as well. (g)

Good luck to all, Mike

Originally Posted by aeara

yes. but as they say, "past performance is no indicator".
if there's no rv in 2 or 3 months... well, "Doh!".

i'm also wondering how this might tie into the state of the dollar.
how long before china decides to can their us bonds? i sure hope it's after one of these investments come through. if not, how many folks might have to buy camping equipment!?

just got another batch anyway. nowhere near a million still. but if it does reflect past scenarios...it may not matter....

Interesting,

Past performance means nothing here, as there was no past performance, there was only a past existance in Iraq, one that was full of government fraud and fear, and decades of sanctions, so in this unique example, there is nothing to compare which would be accurate. Only time will tell and if rev happens next week, or three months from now, it makes no difference, it will happen as long as todays bond sale goes well. This is the indicator which will set all others.

Good luck to all, Mike

There's a strong rumour going around on one of the forums that a peg will happen after the sale of the bonds in London. The rumour is below. Don't shoot me for listing it, it's just a rumour although as they go, a strong one from the 'source' involved. We shall see, take it for what it is. Hope it's true though!!!



It was told to me and came from several different people I speak directly to who are located in various geographical areas, U.S. and Middle East. They all say the same thing: .90 Euro by the end of January 2006.

Better get your checkbook ready because once the yield % is set on the bonds (target of 10.5% to match the Philippines), the dinar will peg within days. It is the final step to finalize the peg. The bonds becoming tradable and the peg go hand in hand.

http://today.reuters.com/business/n...S-IRAQ-DEBT.xml

The delay in bond trading is designed to generate huge demand for the bonds, via timing bond trading with a peg. This will bid bond prices up/interest rates down and lower borrowing costs for secondary issuance.

Additionally, the fact that the bonds, which are a long-term debt obligation on Iraq, have been trading on the grey market and will be formally traded in London on the 23rd, without the existence of a permanent governing body, indicates that the Dinar can also trade without aforementioned goverment taking office.

Iraq will start talks with Arab Gulf states in the next few weeks to settle $40 billion of debt and complete the country's financial recovery after decades of wars and sanctions, senior Iraqi officials said on Monday.

"We are in the final leg," Finance Minister Ali Allawi told Reuters by telephone from Baghdad.

Despite the positive market reception of the bond, Allawi said the earliest Iraq will go to the international bond market as a regular borrower is 2008.

"The bond issue is a huge success, It shows the strength of the Iraqi economy despite the bad political news," Allawi said.

"The market appetite we are seeing is great. Iraq's bond price has been rising and it is now ranked between Lebanon and Ecuador, which clearly expresses the return of Iraq to the international markets."
http://today.reuters.com/investing/F...toryID=uri:200 6-01-23T135048Z_01_L2333651_RTRIDST_0_IRAQ-FINANCE-UPDATE-1.XML&pageNumber=1