And now how positive for a reval?

[Adster]

I started a thread on this few months ago now, just wondered with all the recent developments and the the government being formed what the good guys and gals think on here for a reval within 4 months and at what rate? How confident on a scale of 1 to 10, (10 being most defo a reval soon!).

Appreciate all replies.

Adster.

[Lonestar]

Inside 4 months I would say 9. I think it will reval better than .33 and closer to .75 or even 1to 1 based on the denominations in circulation and waiting to be circulated(coins).

[FreeMyDinar]

I'd say it definitely tips in favor of a reval this year. Maybe 60/40 chance. All the oil companies are now chomping at the bit to get in there and drill for $70/barrel, especially now that a sovereign government can guarantee their contracts will be honored going forward. I haven't heard any Sunni bickering lately either, there is finally a Sunni leadership group that has legitimacy with it's constituents and is working to get security and economic results for its people. I could be wrong, but the reports seem to be showing a steep decline in sectarian violence, and I don't know what else would be responsible for that, given what we know has just occured in the political process. :rolleyes:

[teshema]

Hello Aster,
Good to see you back on this forum. I'm with you on the re/val. I will still stick with 3 months and give it a 10.

We're all destined to be better off than we were before the Dinar.

Everyone have a happy day.
teshema

[Alphamystic]

I’m keeping my fingers crossed. Everyone has found some good indications that it is fast approaching. I’m going to give it a 9

[wherbie]

maybe an ..8..

but maybe a peg to the Euro...wouldnt that be nice?

$ 1.32 to 1 USD

hey since this all started 3 yrs ago...oil has almost doubled

[investindinar]

Now I'm saying 9.9 on a scale of 10. Come December 2006, we should be looking at 1000:1. I think the 'bump' will take place this summer. About 60 to 90 days after the new boys on the bloc take over.

investindinar

[Lonestar]

I still maintain it wil be within 60 days of them taking over. I am hopeful and with the last few days events it looks good. I am at a solid 9 leaning towards 10.

[HayCat]

I think we are looking alot sooner then later! The new PM has been wasting no time on get things moving! He's done more the first day in office then J did the whole time he was in there! And he is setting a good stand against the groups that don't want iraq to be free, and the people to have rights and the freedom that they deserve! Good luck to all! HAYCAT

[Joel57]

:) :D :huge:

[sebastian]

while im quite sure there will be a reval someday, nothing, and i mean NOTHING is going to happen until this country has stablized. there still is
way to much voilence, the infrastructure is still being rebuit, and the people still need a sense of security for the entire country. sorry.

[panhead]

while im quite sure there will be a reval someday, nothing, and i mean NOTHING is going to happen until this country has stablized. there still is
way to much voilence, the infrastructure is still being rebuit, and the people still need a sense of security for the entire country. sorry.

The israeli shekel is .22 even though they have had more than thier share
of violence.
Things will continue to calm down over there but you have to keep in mind your refering to the middle east.

[AirForceCop]

while im quite sure there will be a reval someday, nothing, and i mean NOTHING is going to happen until this country has stablized. there still is
way to much voilence, the infrastructure is still being rebuit, and the people still need a sense of security for the entire country. sorry.

But take into consideration that you can't buy much infrastructure or security when your money is only worth 1477 to 1USD. Iraq cannot expect the rest of the world to foot the bill for reconstruction and security forever and if they ever want to move away from the US dollar as their preferred currency then the dinar has to be brought to level playing ground. They have been at this for almost 3 years how much time do they have left? JMHO...

[goldraker]

But take into consideration that you can't buy much infrastructure or security when your money is only worth 1477 to 1USD. Iraq cannot expect the rest of the world to foot the bill for reconstruction and security forever and if they ever want to move away from the US dollar as their preferred currency then the dinar has to be brought to level playing ground. They have been at this for almost 3 years how much time do they have left? JMHO...


That was an excellent observation!

I am an 8.9 for an RV or a float before July 2006.
I have heard on the low to high.
Low is 700 to 1 USAD Mid is .01 to .33 High is .68 to 1.76
I have to say from the recent events. I think that a deal has already been struck. I think that the oil will be monetized and that we will see a value of .68 to 1.20 shortly. Now they may come out low, to shake off speculators. Consider this, who is advising them. Bush & Co. + IMF & The World Bank. Which both seem to be influenced by the Bush Admin. Then we have the President of Iraq who is a Kurd. That's the big one right there. Because now we have the fox in the hen house. .68 to 1.40 within 1 year. Oh I almost forgot about the IMF new powers!

:happy64: :huge: :happy64:

[Lonestar]

Based on the denomination of the currency how could a release be anything other than an even number ie. .5 or 1.5-1. They printed everything based on the decimal system so it would make sense that when they decide to release or float it would be at one such number that conversions would not be hard initially.

[sebastian]

The israeli shekel is .22 even though they have had more than thier share
of violence.
Things will continue to calm down over there but you have to keep in mind your refering to the middle east.


israel is a poor example. the likud party does not have faction in it that is blowing up, kidnapping, beheading and generally terrorizing other party's in the israeli parlament. that's the stability part.

[sebastian]

But take into consideration that you can't buy much infrastructure or security when your money is only worth 1477 to 1USD. Iraq cannot expect the rest of the world to foot the bill for reconstruction and security forever and if they ever want to move away from the US dollar as their preferred currency then the dinar has to be brought to level playing ground. They have been at this for almost 3 years how much time do they have left? JMHO...

point well taken, but how much does it cost to NOT pull a trigger? the mindset of the parties involved have got to buy into the fact that it's time to move foward to debate and compromise and away from bloodshed as the political norm for the day. with the shaping of the goverment as it is right now, they are moving in the right direction, but it will still take some time. (and as i said before, if i am wrong, and the imediate formulation of the goverment causes the rv of the dinar, i will cheerfully withdraw my opinion on this matter :D

[Joel57]

while im quite sure there will be a reval someday, nothing, and i mean NOTHING is going to happen until this country has stablized. there still is
way to much voilence, the infrastructure is still being rebuit, and the people still need a sense of security for the entire country. sorry.
Don't fall asleep while you're waiting......you might miss it.

[HayCat]

Our country is not there yet and you are saying that this will not happen tell they quiet shooting. You need to start whatching the news. It starts with people and ends with winners! take care! HAYCAT

[panhead]

israel is a poor example. the likud party does not have faction in it that is blowing up, kidnapping, beheading and generally terrorizing other party's in the israeli parlament. that's the stability part.

Your right ....Israel just has to deal with every neighbouring country
trying to blow em out of existence-as far as a faction within the population terrorizing the rest....how about the palestinians?

[SEABEE CAN-DO]

I dont see anything that could support a RV even close to .01 maybe if we are lucky 700 to 1 . but it means nothing to anyone unless the money is freely traded on the market. you cant spend it anywhere except in iraq. and it only matters there.. when it hits the market I expect it to fall first. good grief Venezuela has their act together much better than iraq and their money is worth less than iraq today. time will tell and i am betting it will improve over a longer time. A very small r/v may happen soon . but the only large RV you will see is at campers world.:huge:

[Texas_dinar]

I dont see anything that could support a RV even close to .01 maybe if we are lucky 700 to 1 . but it means nothing to anyone unless the money is freely traded on the market. you cant spend it anywhere except in iraq. and it only matters there.. when it hits the market I expect it to fall first. good grief Venezuela has their act together much better than iraq and their money is worth less than iraq today. time will tell and i am betting it will improve over a longer time. A very small r/v may happen soon . but the only large RV you will see is at campers world.:huge: Comparing iraq with venezuela is like comparing apples with oranges

[investindinar]

Comparing iraq with venezuela is like comparing apples with oranges

Iraq has (a) far better quality petroleum, (b) a much smaller cost per barrel to produce, (c) belongs to OPEC and probably GCC in the future, (d) has the US parked inside of it propping up the new government, (e) far better future economically and politically than Venezuela could ever hope to have, and (f) the IQD/NID can only get stronger over time. Iraq has just organized their government and will probably approve it this month. Their only real problem seem to be the border clashes with Iran and Turkey.

Venezuela has (a) far worse quality crude, (b) a much higher cost per barrel to produce, (c) belongs to OPEC and never will belong to the GCC, (d) has the US breathing down its neck, (e) a far bleaker future economically and politically than Iraq ever could hope for, and (f) the Bolivar will probably only get weaker. In fact Venezuela may actually be on the verge of their own civil war or may end up with a border/coastal war with Colombia which is very pro-US. Needless to say, Chavez has his challenges to deal with.

Needless to say, no comparison except for the border tensions. Iraq's are a little bad right now, but after we smack Teheran, things will improve.

investindinar

[Lonestar]

Just another note what ever happened to the stipend that was to occur in November? Has anyone ever heard of it being implemented?

[SEABEE CAN-DO]

you can think what you will the point is oil in any quality or quality does not make a country money valuable. oil is cheep. everywhere. Iraq is not on the world market for a reason.

[wherbie]

based on the Dewey Decimal system....and the fact they bought the old saddam dinars for.....33...I guess they will give the people a little juice on the money...they cant bring it out at .25...or .33...but .50...would give everyone who turned in the old dinars...a hefty 34% juice on their money...pretty good eh?...people who get paid...are happy people

I dont imagine anyone is happy at 1477 to 1...I am not...bring it...I want to get served


oh...September 4 th is my guess...give it a strong 7

[Joe D_inar]

I give it a 7 as of now. Still alot of work to do. I see the reval some time before July at .50 to 1.00....Jmho :huge:

[peakoil]

High 10.1 Reval within one months time.
1:1

Luvin every minute of it...

[$ONEDAYSOON$]

(9) Within 2 Weeks Maybe 3 1:1 :)

[Lonestar]

I like your thinking!

[postcon]

I guess if it has to happen, it will come as a great surprise to many. If Iraq can afford to iron out their problems without a need for a reval, they will go that way considering the numerous hand-outs and debt relief.

[Adster]

With the latest bout of rumours coming and going, lol, what's the feeling now, anyone less positive than a couple of weeks ago?

I'm sticking with a peg end of June. Fill the minister posts and get international laws passed for foreign investment which should be passed 28 June.

[postcon]

I'm becoming less positive as the days roll on. It might take longer than expected considering the pace at which the officials in Iraq tend to do things.

[trusty]

I'm becoming less positive as the days roll on. It might take longer than expected considering the pace at which the officials in Iraq tend to do things.


We are closer now than we have ever been...words of wisdom!!!

Trusty

[Lux]

With the latest bout of rumours coming and going, lol, what's the feeling now, anyone less positive than a couple of weeks ago?

I'm sticking with a peg end of June. Fill the minister posts and get international laws passed for foreign investment which should be passed 28 June.

What kind of foreign investment laws are they passing?

The ISC controls the ISX. Is there something happening there too?

[Azuk]

Iraq is still 500 million barrels a day behind sadam era.

Do the math. we have a long wait.
Muslims are going to fight forever. As they have for thousands of years. Not a good investment. I would not invest no more than $500.00 and sit on it for 20 years.

[BEEFCAKE]

Iraq is still 500 million barrels a day behind sadam era.

Do the math. we have a long wait.
Muslims are going to fight forever. As they have for thousands of years. Not a good investment. I would not invest no more than $500.00 and sit on it for 20 years.


You posted that you invested 900.00 in warka???

[peakoil]

Where did you hear 500 million? Not true. You mean 5 Million did'nt you?

Anyway it is very likely the oil production will reach this level by this time next year experts have said.

More people were dying during the Saadam ethnic cleansing era than today.
In fact, Washington DC has more than double the violent deaths per year than Iraq.

You my friend are very negative like the media.

There is many good things coming from this new Government and the people are very grateful that he is gone.

Definately a "Wise" investment. I can go on and on why too, but am very tired from gardening all day.........

Peakoil.....

[sincityplayah]

Iraq is still 500 million barrels a day behind sadam era.

Do the math. we have a long wait.
Muslims are going to fight forever. As they have for thousands of years. Not a good investment. I would not invest no more than $500.00 and sit on it for 20 years.


So are you trying to indicate that "ALL Muslims are AGGRESSORS"?? If so then you are blaming 1 billion plus individuals of being aggressors, Azuk, it seems like you are uneducated, go read a book before you blame a whole society for a problem which less then 1% of Muslims cause around the world, in which the blame is going to the masses, dont be close minded, look around you, look into history, those Islamic countries which are fighting for liberations are not fighting because they are barbarians, rather they are fighting because "some outsider" caused a problem to gain advantage, I can go on and on, however talk when you have backing, hardcore proof, I can proove my points, can you?

[panhead]

Name the one religion that condons killing of people of other faith who won't
convert?
Ever hear of the crusades?

[ramis]

Name the one religion that condons killing of people of other faith who won't
convert?
Ever hear of the crusades?

I believe you declare here that Islam condones killings of non-believers if they refuse to convert to Islam?

Is that what you mean? Please confirm.

[Loops]

Nice market research thread.

Ive seen these pop up randomly for quite a while.

My opinion is that it will not revalue significantly at any given point but will slowly move up the ladder over a number of years.

It depends on what your definition of revalue is to what number id give it.

If you mean a high revalue then 0.

If you mean a very low revalue then i would give it an 8.

[Loops]

I believe you declare here that Islam condones killings of non-believers if they refuse to convert to Islam?

Is that what you mean? Please confirm.

Lol i believe the only difference is that christians stopped the killing in the name of religion a long long time ago.

I am not well versed in the goings about of following an islamic faith.

Could you tell me why the "terrorists" view us as infidels?

Is it economic reasons or genuine religious reasons?

Or do they use religious reasons to back actions that have effects economically?

Im not looking to cause trouble here with this touchy subject but mearly looking to increase my knowledge of the way things work.

Please answer maturely

Thank you.

[panhead]

I believe you declare here that Islam condones killings of non-believers if they refuse to convert to Islam?

Is that what you mean? Please confirm.

People believe what they are conditiond to.....and yes that sums it up
well.
That may be why a majority are terrorist activity is done by people
of the above mentioned faith?

[TOPKICK]

Islam believes in one god. Guess what...it's the same God as in the bible, the god of Abraham, Issac etc...it's referenced very clearly in their own holy book. So, the idiots running around claiming they are killing infidels and non believers...are actually incorrect. They are just killing non muslims in the name of their ridiculous twisted Muslim radical belief. Their own holy book saying nothing about any of what they are doing now. Christians and Muslims believe in the same god, just diffrently....so the Crusades were wrong too.

[Joel57]

Iraq is still 500 million barrels a day behind sadam era.

Do the math. we have a long wait.
Muslims are going to fight forever. As they have for thousands of years. Not a good investment. I would not invest no more than $500.00 and sit on it for 20 years.

Approximate numbers.
Sadaam era oil exports: 2.5 mil bbl/day @ $42 = $105,000,000/day
Current oil exports: 1.6 mil bbl/day @ $70 = 105,000,000/day