Thread: New Info....for anything here. Taxes, Chit-Chat, Whatever.

EJAMM,
All what you have said being the case. Where do you see this starting out at then. Can we realistically expect it to be in the 1:1 range or higher to ensure that the preferrred currency of choice is the IQD.
Thanks
LIT

Originally Posted by EJAMM

I agree with the bolded statement above. I have seen the BoB article before back when it was newly "discovered", I certainly hope this forum is not basing its $3.22 theory on that tidbit. The Iraqi economy cannot support a $3.22 economy...they are having a hard time getting major oil comapnies to invest since they have failed to pass the HCRSL. So where would the economic support come from? The underdeveloped agriculture industry? The oil industry is the primary introduction to major foreign investment.

How can you say this? Do you have facts to back this statement up? Probably not!!

Originally Posted by Bubba Dinar

How can you say this? Do you have facts to back this statement up? Probably not!!

EJAMM can certainly fend for himself but I will tell you that based on my interaction with him that this gentlemen is the most knowledgeable, level headed individual regarding the dinar that I have encountered during my 3.5 year 'stint' in this dinar chase. If you listen to him, you will learn much about pertinent aspects of the dinar. Those that know of EJAMM would, I believe, make a similar assessment. Your insinuation challenging EJAMM's credibility is unwarranted and unwelcomed by this member.

Does anyone know anything about something called an ESF or "Economic Stabilization Fund"?
Seems I read something about it a while back and it had to do with having
funds to achieve a specific exchange rate.

Thanks, lewscrew

Originally Posted by dinarminar

EJAMM can certainly fend for himself but I will tell you that based on my interaction with him that this gentlemen is the most knowledgeable, level headed individual regarding the dinar that I have encountered during my 3.5 year 'stint' in this dinar chase. If you listen to him, you will learn much about pertinent aspects of the dinar. Those that know of EJAMM would, I believe, make a similar assessment. Your insinuation challenging EJAMM's credibility is unwarranted and unwelcomed by this member.

Sorry..But it was he that was challenging my $3.22 claim. I have info to back up my assessment from the CBI.. He does not!! He is stating something that is his "Rumor" that he is stating as fact. Sorry, but it is not as credible as you claim... I know EJAMM from other forums and I have been around as long as he has. And, I do my own DD and Research.. $3.22 is as feasible as 1 : 1 and is more likely since a Reval will not be necessary only a return to the Lawful rate of $3.22!!

Originally Posted by Bubba Dinar

How can you say this? Do you have facts to back this statement up? Probably not!!

Since you are trying to ascertain if Iraq can indeed meet Kuwaits exchange rate lets see how they stack up economically.

Ok lets start with GDP per capita.
Kuwait Ranked #52 in the world at $ 21,600 (per person)
Iraq Ranked #161 in the world at $ 2,900 (per person but probably a little higher in 2007 but not even close to Kuwait)

External Debt
Iraq is Ranked #36 with $ 81,480,000,000
Kuwait is Ranked #64 with $ 19,700,000,000

Exports
Kuwait is Ranked #44 with $ 56,060,000,000
Iraq is Ranked #59 with $ 32,190,000,000

Population
Kuwait 2,505,559
Iraq has 27,499,638

Inflation rate
Kuwait - 3.00 (2006 est.)
Iraq - 64.80 (2006 est.)

https://www.cia.gov/library/publicat...rderguide.html

Originally Posted by dinarminar

EJAMM can certainly fend for himself but I will tell you that based on my interaction with him that this gentlemen is the most knowledgeable, level headed individual regarding the dinar that I have encountered during my 3.5 year 'stint' in this dinar chase. If you listen to him, you will learn much about pertinent aspects of the dinar. Those that know of EJAMM would, I believe, make a similar assessment. Your insinuation challenging EJAMM's credibility is unwarranted and unwelcomed by this member.

Agree completely! EJAMM and I have been passengers on the dinar train for a long time. He IS the voice of reason and anybody who challenges his credibility will get smacked down.

Originally Posted by lewscrew

Does anyone know anything about something called an ESF or "Economic Stabilization Fund"?
Seems I read something about it a while back and it had to do with having
funds to achieve a specific exchange rate.

Thanks, lewscrew

Exchange Stabilization Fund is a US Treasury Program

U.S. Treasury - Exchange Stabilization Fund

Unless you mean the Exogenous Shock Facility which is an IMF program.
Factsheet - The Exogenous Shocks Facility (ESF)

Originally Posted by EJAMM

Since you are trying to ascertain if Iraq can indeed meet Kuwaits exchange rate lets see how they stack up economically.

Ok lets start with GDP per capita.
Kuwait Ranked #52 in the world at $ 21,600 (per person)
Iraq Ranked #161 in the world at $ 2,900 (per person but probably a little higher in 2007 but not even close to Kuwait)

External Debt
Iraq is Ranked #36 with $ 81,480,000,000
Kuwait is Ranked #64 with $ 19,700,000,000

Exports
Kuwait is Ranked #44 with $ 56,060,000,000
Iraq is Ranked #59 with $ 32,190,000,000

Population
Kuwait 2,505,559
Iraq has 27,499,638

Inflation rate
Kuwait - 3.00 (2006 est.)
Iraq - 64.80 (2006 est.)

https://www.cia.gov/library/publicat...rderguide.html

Sorry, but that sounds like Munnybaggs way of acessing something.. Apples and Oranges. Does not register!

Originally Posted by Checkm8t

Agree completely! EJAMM and I have been passengers on the dinar train for a long time. He IS the voice of reason and anybody who challenges his credibility will get smacked down.

Whoa, that is not necessary.