What will it open at? Vote now!!

[Adster]

So what do we all think with all that has happened since xmas?

[Adster]

Ok, plenty of votes but no views on this?!

I'll start then! Still think once the government is totally formed and in place, insurgency has died down some then we will see a reval anytime in the next 4 months. They have to reval to move forward! We also need Mahdi in which IMO will happen soon. He will make things happen for the country.

Anyone?

[Phil S]

Yeah when the government is in place, no idea when that will be though. I think this year is likely for an increase in value, Iraq needs more purchasing power. I voted for less than a penny, you can call it pessimistic but I'm cautious and its just a guess.

PHIL S

[Lux]

I'm hoping for a penny and then upwards!

[DinarsInTheStove]

I'm hoping for a penny and then upwards!
At this point I'm praying for anything, just get it done.

[911scanner]

I'm not an economist, but put a little thought into it.

If they printed 13 trillion, and this is a "fiat" currency, that would mean they would need enough GDP to back whatever value they put it at.

I think if anything, and to cover their a$$es, they will have the value come out exactly where it's at or just a bit higher.

Then they will let the (un)educated people that run the currency markets determine the value of the NID.

This will completely take the onus off of the government (who decided the value of the currency in the past) and also the IMF.

If the Dinar then goes up in value quickly, it will be based on the speculation of the world economists.

If it goes up slowly, as I think it will, it will be based on actual results of the country, both politically & economically.

I could be wrong, and believe me, my future retirement at 40yo is based on my being wrong.

I will say that I've purchased enough Dinar to expect a low value number and to sell a chunk at that low number and still carry out my retirement plans :D

Just my uneducated .02 worth

Mark

[reconaz]

:D as soon as the goverment is in place about a week later we should be looking at .63 cents there going to need money to do any international buisseness ;)

Im just curious how you came across with .63 cents. Don't get me wrong, I like that number, im just wondering why .63?

[Texas_dinar]

:D as soon as the goverment is in place about a week later we should be looking at .63 cents there going to need money to do any international buisseness ;) I am curious to. Is this just a guess or are you onto something nobody else is?

[cmeshon]

At this point, anything is better than what we have now.

[delo0073]

I totally agree something is better than nothing, but why do people say it will revalue soon. What hard evidence is there. Please give me one person that has not invested that has some knowledge about the NID that this revalue is going to happen one day. Don't get me wrong I just bought another 1/2 MIL about a month ago, but I just dont see it happening anytime this year. I do hope I am wrong.

[MunnyBaggs]

I still believe they'll bump it from 1460/$1 to around 1000/$1. 700/$1 at the very max. I don't see how they can do otherwise unless they add one more lower Dinar coin denomination. But I surely hope I'm wrong and it'll be higher!!!

[T & M Dinars]

I would be happy with .01! I am hanging on to...Positive Thoughts! :happy26:

[Dinar .33]

I still believe they'll bump it from 1460/$1 to around 1000/$1. 700/$1 at the very max. I don't see how they can do otherwise unless they add one more lower Dinar coin denomination. But I surely hope I'm wrong and it'll be higher!!!


Munny, 700/1$ seems pretty low to me, but may be what actually happens.

The latest round of rumors state that Iraq will "monetize oil" to back the dinar, allowing it for higher RV. What do you think of that idea? Of course they would have to pass new laws to allow this...

[peakoil]

I believe it will internally trade to 700.
World peg will surge to .50-1 range.
:happy64:

[Alphamystic]

Some are very optimistic, and I will only be too happy if it were to be true.

I feel that it will most likely happen this year and post at about the .05 range and creep up from there. JMO based on what I've learned so far.



P.S. If it does start at .50 - $1 I would be more than happy to meet any of you at some exotic local and toast some Dom to all hours of the night and pat each other on the back while dancing around like this ----> :happy64:

[$ONEDAYSOON$]

So Many Of You Are Crazy, The Way I See It, Will Open At .02 And Over A Period Of 2-3 Years It Will Climb Due To People Cashing In And Iraq Reserves Will Build Up To Support The Slow Climb, With The Current Iraq Currency It Will Not Go Above 1.00 Nid - 1.00 Usd
Jmo

[Alphamystic]

So Many Of You Are Crazy, The Way I See It, Will Open At .02 And Over A Period Of 2-3 Years It Will Climb Due To People Cashing In And Iraq Reserves Will Build Up To Support The Slow Climb, With The Current Iraq Currency It Will Not Go Above 1.00 Nid - 1.00 Usd
Jmo
I wouldn't necessary say we are crazy. Everyone here is involved in something that they HOPE is a big deal not only for the Iraqi people but for our own future as well. So we dream with optimism. It puts a smile on our faces to THINK of the possibilities (right now anything IS possible). Besides, even if it goes to .01 that will still make a nice return to brag about.

[peakoil]

Exxon Mobile cutting Iraq a check TODAY for $150-200 BillionUSD simply for oil reserves. C'mon everyone this thing is huge. Exxon HAS been sniffing around and meeting with officials. They are FAR from stupid and niether are WE here in this forum, except maybe SJERM, ha ha. HISTORY:D
It is about to happen $1:1:happy64:

[v1rotv2]

How do you get a 1:1 reval?

[Adster]

Agreed, they can revalue it to what they want. Noone truely knows their reserves plus they can always back a reval with oil.

[postcon]

Knowing the way the Iraqi officials operate i.e., at snail's pace, it must be taken into account that if anything were to happen it would take some time. I was pretty confident in Feb. At this point in time and after having been through many rumours and dates, I am just hopeful. Something will happen this year but I don't want to keep my hopes up too high.

[Alphamystic]

Knowing the way the Iraqi officials operate i.e., at snail's pace, it must be taken into account that if anything were to happen it would take some time. I was pretty confident in Feb. At this point in time and after having been through many rumours and dates, I am just hopeful. Something will happen this year but I don't want to keep my hopes up too high.
The snails pace has probably been inevitable because of the enormity of the tasks they've had to undertake. Though you've cut back a bit on your optimism; you have to admit that with the finalization of the Government right around the corner, which makes all the feuding parties happy now, that it's hard not to get a little excited.

Things are finally falling into place that we've all been waiting for.

[mfriedl1]

The snails pace has probably been inevitable because of the enormity of the tasks they've had to undertake. Though you've cut back a bit on your optimism; you have to admit that with the finalization of the Government right around the corner, which makes all the feuding parties happy now, that it's hard not to get a little excited.

Things are finally falling into place that we've all been waiting for.
Right!! al-Maliki appears to be just what iraq needed to get things going...he is doing a great job and isn't even OFFICALLY PM yet...but he appears to be the exact opposite of Jaffy.

We seem to be going in th right direction...I feel it is just a matter of time now...

[dinarmad]

Exxon Mobile cutting Iraq a check TODAY for $150-200 BillionUSD simply for oil reserves. C'mon everyone this thing is huge. Exxon HAS been sniffing around and meeting with officials. They are FAR from stupid and niether are WE here in this forum, except maybe SJERM, ha ha. HISTORY:D
It is about to happen $1:1:happy64:


do you have a link for this info about the150-200 billion?I didn't see anything on there web site..

[peakoil]

I do not have the link with Exxon Mobile's visit. However I did read about their visit.
I do not want to remind you guys that Iraq is entering a Democratic "FREE ENTERPRISE", this is a very exciting thing. The US and IRAQ are now ALLIES/parters. It makes total sense to me that Exxon would want to bust in and fill their jugs. It also makes total sense for Iraq to let them, so that they can jump start their economy, dinar, reconstruction, and ect, ect...........
I do not know for a fact that the dinar will open the world market at 1:1 I just know that this is not far fetched. Their resources/government is a very attractive investment. SECURITY is the only thing holding up the show, but like Germany those raticles will tire out as Iraq strengthens those forces.
I am very bullish on this as you can tell.
It is total speculation, but common sense tells me AWSOME.
:huge:

[Alphamystic]

I like the way you think Peakoil. It would be great if the optimism became a reality ;)

[$ONEDAYSOON$]

1:1 Would Be Wild, I Like Your Thinking Peak.

[Fistfull/Dollars]

I personaly believe an internal RV at 700 to 1 anyday now when finance minister is in place. And, international RV at no less than .02 cents to .05 cents to the dollar. Still a chance for this international RV to happen in May when WTO is finished with closed door meetings.
There is enough oil in ground to back almost any reasonal RV. Your guess is as good mine.
Fistfull of Dollars

[Fistfull/Dollars]

I personaly believe an internal RV at 700 to 1 anyday now when finance minister is in place. And, international RV at no less than .02 cents to .o5 cents to the dollar. Still a chance for this international RV to happen in May when WTO is finished with closed door meetings.

Fistfull of Dollars

[Waianae]

I personaly believe an internal RV at 700 to 1 anyday now when finance minister is in place. And, international RV at no less than .02 cents to .o5 cents to the dollar. Still a chance for this international RV to happen in May when WTO is finished with closed door meetings.

Fistfull of Dollars

Hey, hey, only joking there Fistful; but we need to raise our sights, otherwise you would start that "woe as me!" Start selling off your dinars and start that negative posting as I have "skimmed" over the nega-negative posting within this forum....:rolleye03

Let go to the .76 to $1.10, what do ya say, no! Okay, just a suggestion! :lmao: :lmao: :lmao:

[ramis]

In years
US $ NID When
0.00067 1 Now
0.006 1 7
0.01 1 12
0.02 1 26
0.03 1 40
0.04 1 54
0.05 1 67
0.06 1 80
0.07 1 95
0.08 1 110
0.09 1 120
0.1 1 135
0.2 1 270
0.3 1 400
0.4 1 540
0.5 1 680
0.6 1 800
0.7 1 950
0.8 1 1100
0.9 1 1200
1 1 1360

Assumptions:
No more printing of currency
Add $ 11 billion to FE reserves every year without fail

P.S. Good things happen, so stay upbeat but don't believe those who know very well that what they say is only a sale gimmick:D

[Joel57]

In years
US $ NID When
0.00067 1 Now
0.006 1 7
0.01 1 12
0.02 1 26
0.03 1 40
0.04 1 54
0.05 1 67
0.06 1 80
0.07 1 95
0.08 1 110
0.09 1 120
0.1 1 135
0.2 1 270
0.3 1 400
0.4 1 540
0.5 1 680
0.6 1 800
0.7 1 950
0.8 1 1100
0.9 1 1200
1 1 1360

Assumptions:
No more printing of currency
Add $ 11 billion to FE reserves every year without fail

P.S. Good things happen, so stay upbeat but don't believe those who know very well that what they say is only a sale gimmick:D
:lmao: :lmao: :lmao:

[peakoil]

In years
US $ NID When
0.00067 1 Now
0.006 1 7
0.01 1 12
0.02 1 26
0.03 1 40
0.04 1 54
0.05 1 67
0.06 1 80
0.07 1 95
0.08 1 110
0.09 1 120
0.1 1 135
0.2 1 270
0.3 1 400
0.4 1 540
0.5 1 680
0.6 1 800
0.7 1 950
0.8 1 1100
0.9 1 1200
1 1 1360

Assumptions:
No more printing of currency
Add $ 11 billion to FE reserves every year without fail

P.S. Good things happen, so stay upbeat but don't believe those who know very well that what they say is only a sale gimmick:D

I agree...:lmao: :lmao: :lmao:

[peakoil]

By Natsuko Waki
LONDON (Reuters) - The dollar rebounded further from this week's one-year low against major currencies on Thursday, extending the previous day's gains after the U.S. Treasury stopped short of calling China a currency manipulator.
But the dollar's upside was limited as investors increasingly expect U.S. interest rates to peak soon, after the Federal Reserve tightened to 5 percent as expected on Wednesday.
"We are getting a sense of deja vu as you have a one percent move before the market runs out of steam," said Trevor Dinmore, currency strategist at Deutsche Bank.
"What is needed for another leg of dollar depreciation is signs of further deterioration in the U.S. economy, soft data -- things that would indicate a Fed pause, or signs of more deterioration of the basic balance. We need reconfirmation of negative dollar factors, structural and cyclical."
By 1135 GMT, the dollar was up 0.7 percent versus the yen at 111.27 yen, recovering from Wednesday's eight-month low of 110.08.
It rose one percent against the Swiss franc at one point, while the euro fell 0.5 percent to $1.2714, having hit a one-year high of $1.2831 the previous day.
Major currencies showed little reaction to news the Kuwait Central Bank revalued its dinar currency by one percent, which raised speculation of a similar move across the Gulf region.

http://za.today.reuters.com/news/NewsArticle.aspx?type=businessNews&storyID=2006-05-11T120433Z_01_ALL143453_RTRIDST_0_OZABS-MARKETS-FOREX-20060511.XML

Now this is what I am talking about...........:huge:

[Joel57]

Kuwait revalued the dinar for the first time in 17 months today, sparking a rally in regional currencies and intense market speculation that Saudi Arabia, would follow.

"It makes sense as all of them are facing substantial inflows which they are having to sterilise to dampen inflation," said Richard Fox, sovereign credit analyst at Fitch Ratings.

"The issue now is what the other GCC countries may do and if this is a precursor to a more flexible GCC currency."

The Gulf states also came under rare public pressure from the US this year to address their mounting current account balance of payments surpluses.

A US Treasury paper in March highlighted the scale to which soaring oil prices has boosted the current account surpluses of the big crude-exporting nations and exaggerated US deficits. It said oil exporters now needed to play a role in unwinding those gaps.

At their April meeting in Washington, finance chiefs from the Group of Seven industrial powers also called for shared responsibility for redressing global imbalances and said it was up to the market to do so.

"This is consistent with the G7 communiqué," said Dwyfor Evans at Bank of America. "If you're going to revalue, it makes sense to do it when oil is above $70 a barrel".

As oil prices have surged in recent years, the flow of petrodollars into Gulf economies have led to upward pressure on their currencies.
http://www.tradearabia.com/tanews/newsdetails.asp?Ref=S&Article=104909&Sn=&Cnt=31

[Laurali]

In years
US $ NID When
0.00067 1 Now
0.006 1 7
0.01 1 12
0.02 1 26
0.03 1 40
0.04 1 54
0.05 1 67
0.06 1 80
0.07 1 95
0.08 1 110
0.09 1 120
0.1 1 135
0.2 1 270
0.3 1 400
0.4 1 540
0.5 1 680
0.6 1 800
0.7 1 950
0.8 1 1100
0.9 1 1200
1 1 1360

Assumptions:
No more printing of currency
Add $ 11 billion to FE reserves every year without fail

P.S. Good things happen, so stay upbeat but don't believe those who know very well that what they say is only a sale gimmick:D
At the risk of looking goofy because of my lack of knowledge in investing :confused: , are you saying here that it will be 1:1 IN 1360 YEARS? I truly hope that I am misreading this, or you're just joking.