what do you think the rev. will be

[NWO]

Poll what do you think the rev. will be

[shotgunsusie]

Poll what do you think the rev. will be

umm, you didnt put an option on there for me. i continue to maintain that it will be AT LEAST $1.20 OR HIGHER. coz thats what me and the kurds want! :lmao:

[mydinardream]

wow I see some are voting the the latest rumor ;) I hope its happnes but cant see how now right now that fast,but I guess we will see in 3 weeks :)

[Dinar .33]

umm, you didnt put an option on there for me. i continue to maintain that it will be AT LEAST $1.20 OR HIGHER. coz thats what me and the kurds want! :lmao:


Hi Susie,

May I ask how you know what the Kurds want?
Did you hear it on a news statement or personal contact or just a hunch?

It would be great if it were true...

[Loop]

Hello,

If the rev happens would it be set; or could it go even higher? With gas at $78 (?) a barrel shouldn't the dinar be worth even more than it was years ago?

thx

[peakoil]

Hello,

If the rev happens would it be set; or could it go even higher? With gas at $78 (?) a barrel shouldn't the dinar be worth even more than it was years ago?

thx

Welcome Loop. Time will tell.
It is all looking favorable.
Go Iraq:happy64:

[Here in Kuwait]

I don't know, just hoping for anything above .05.

[Here in Kuwait]

Wow! most of you think that it will be above .86. I sure hope so!

[fsndirector]

Good Morning Susie, I have a lady in my group who is the most negitive person you ever met, she came into our store one day and said "You know even if this thing with the Dinar falls flat on its face, I don't care because I have had the most wounderful dreams I have ever had" She now has 8 million of those dreams. So you keep thinking of your $1.20 (even $1.14 would be nice) LOL and we and the kurds are going to watch it happen.:wave:

[Gogovs]

wow I see some are voting the the latest rumor ;) I hope its happnes but cant see how now right now that fast,but I guess we will see in 3 weeks :)

What is going to happen in 3 weeks? Is this a date that is solid?

[LoveDemDinars]

Susie, I like you thinging, GO $1.20.
By the way is that a baby BIGFOOT your holding up in your avatar?

[Laurali]

Good Morning Susie, I have a lady in my group who is the most negitive person you ever met, she came into our store one day and said "You know even if this thing with the Dinar falls flat on its face, I don't care because I have had the most wounderful dreams I have ever had" She now has 8 million of those dreams. So you keep thinking of your $1.20 (even $1.14 would be nice) LOL and we and the kurds are going to watch it happen.:wave:

Originally Posted by madamowicz (copied from speculation thread)
The links listed above are too old (most recent is from 2004) to be of any use. A lot has changed since then, especially this year alone. The reval is coming, and very soon. My guess is $1.14.

Okay, here are TWO posts mentioning $1.14. Where is this figure coming from? Susie and the Kurds are on to something, and now it seems fsndirector and mamdamowicz are in the know about something as well. Could be a very weird coincidence, I guess. Buuuuuuut, maybe not. Do any of you care to share your secret ;)

[gaura]

Personally I would like a really high reval, just like everyone here. There are really only two options that the CBI can do, do lop the zero's off the dinar (notes) or to adjust the exchange rate. We all here want the CBI to adjust the exchange rate and hope that it is high. I dont think that they can open up the country to foreign investment and have an exchange rate that is too low, otherwise the country will be completely bought out by foreign nationals. In my estimation I think that if there was to be a reval it would be in the vacinity between .10-.30 cents to start with and will gradually go up. And as for a timeframe for this change in the currency, who really knows is anyones guess.

Jeff
:wave:

[grimly]

Start at about pre-invasion and go up from there.
G

[Lady D]

I have heard third person that a bank official said $1.12. The fact is we don't know if it's true, and even if it is does the $1.12 come on a 25 dinar note after the three zero's are taken off.

I have heard they aren't taking the zero's off. Question for about the zero lop.If a person has a million dinars in 5000 dinar notes they would end up with a 1000 dinars after the lop but what if someone has a million dinars in smaller denominations. I have heard there are 25 dinar coins, and isn't there a ten dinar note.

If they didn't do something to those bills there would be rioting in the streets that two people started off with the same amount of money and one person lost 999,000 dinars and the person holding smaller denoms kept their million.

The question is what would happen to their million dinars? You can't lift zeros off of a 25 dinar note and there is only one on the ten dinar. Do they become 2.5 cents and 1 cents? I know cents isn't right but you know what I mean.

[Warren2173]

A lop would require an exchange of all currently issued Dinar!
why is this soooo difficult to comprehend?

you would exchange them for totally new notes.
Their version of our "cents" are called "Fills". Although
I dont believe Iraq currently has these.

[CharmedPiper]

Hello, this is my 1st post. I have been reading along for sometime. I also am curious about how people are coming up with reval amounts. I have no idea what to think (I know what I hope) but trying to rationalize the amounts is mind boggling. I have a thought, a lot of people have been posting about .83 reval and it is such an odd number. If you take 0.00068 which I assume still is the current value and drop 000 after the decimal to make it 0.68 there is a difference of .15 and based on a U.S. dollar could .15 represent 15% of something therefore coming up with .83 I know it is a far fetch but just picking apart looking for clues, I guess.

[Lady D]

You can leave off the extra o's, Thank you soooo much.

So what do you think the 25 dinar would be in a zero lop situation?

I read the article that stated they have more or less tabled this idea (zero lop) for now at least.

[Warren2173]

That would depend on the how much they "Lop". I believe a 3 Zero lop was discussed sooooo 25.00 Dinars would become .025 dinars or, what ever that would be in Fills.:wave:

[garthstar]

level with euro seems to be about the right price, with current export figures of 1.9M barrels of oil a day, and about 2.5M going out b4 the war, with a then Dinar value similar to the Saudi today.

i would say that the facts that the investment law is halfway thru completion, and that the american military presence in Baghdad is similar to during the election time, coupled with rumours that the small denominations are being trucked into place, means we are only a few days from paydirt.

i expect it to happen overnight with very little warning, and probably take second place in the news to any bomb anywhere, such is the nature of our human attachment to bad news and drama!

well people. time to serioulsy consider your asset protection, offshore accounts, or second (or first!!) honeymooon.

[top123]

:happy64: :happy64:

[RogerL]

I would be very happy with 2 or 3 cents. I once made a prediction that it would eventually reach 1-2 cents and not much has changed since then to change my mind.

Ten cents would make me deliriously happy. Anything more would boggle the mind and immediately make me start researching how they could possibly support such a high exchange rate without suffering a run on the dinar.

[fsndirector]

level with euro seems to be about the right price, with current export figures of 1.9M barrels of oil a day, and about 2.5M going out b4 the war, with a then Dinar value similar to the Saudi today.

i would say that the facts that the investment law is halfway thru completion, and that the american military presence in Baghdad is similar to during the election time, coupled with rumours that the small denominations are being trucked into place, means we are only a few days from paydirt.

i expect it to happen overnight with very little warning, and probably take second place in the news to any bomb anywhere, such is the nature of our human attachment to bad news and drama!

well people. time to serioulsy consider your asset protection, offshore accounts, or second (or first!!) honeymooon.

I guess I missed the link that said smaller denoms are being trucked into place, could you tell me where that is at?

[dsw7505]

I believe the dinar will revale somewhere between .02 and .04 to start and will slowly increase in time, The investors with the millions of dinar will make a killing. But small time investor's like me will have to sit it out. It's not going to be .83 or more unless they knock of some zero's from the notes. Just my feeling.

[Howler]

I've allways believed that it will "come out" at or close to the rate it was when we got here. (The real rate .31)

[kas]

My opinion is approximately .27 and I will be over the moon if it's much higher.
kas

[gdawg242]

Just get it to the .01-.10 range and we will be on our way.

[Gogovs]

I thought this is important to the discussion:


1932 Currency unit consisting of 1,000 fils or 20 dirhams. When officially introduced at the end of the British mandate (1932), the Iraqi dinar was equal to, and was linked to, the British pound sterling, which at that time was equal to US$4.86. 1932–1949
1949–1971 Iraqi dinar (ID) equaled US$4.86 between 1932 and 1949 and after devaluation in 1949, equaled US$2.80 between 1949 and 1971. 1959–1967 Iraq officially uncoupled the Iraqi Dinar from the pound sterling as a gesture of independence in 1959, but the Iraqi dinar remained at parity with the pound until the British unit of currency was again devalued in 1967. 1971 One Iraqi dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began. 1973 Upon the devaluation of the United States dollar in 1973, the Iraqi Dinar appreciated to US$3.39. 1980 It remained at this level until the outbreak of the Iran-Iraq War in 1980. 1982 In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation despite mounting debt. 1988 In early 1988, the official dinar-dollar exchange rate was still Iraqi dinar (ID)1 to US$3.22; however, with estimates of the nation’s inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar’s real transaction value, or black market exchange rate, was far lower-only about half the 1986 official rate. 1986–2003 1986–2003 between .33 cents to 1.32 to a dollar. 2001 Oil-production: 2.452 million bbl/day (2001 est.); note — production was disrupted as a result of the March-April 2003 war (2001 est.) 2002 GDP: purchasing power parity — $58 billion (2002 est.) 2002 Exports–partners:US 40.9%, Canada 8.2%, France 8.2%, Jordan 7.5%, Netherlands 6.4%, Italy 5.4%, Morocco 4.7%, Spain 4.4% (2002) 2003 In october 2003, the official Dinar-dollar exchange rate was ID1 to US$0.00027. 2004–2005 August 2004 till 2005, the official dinar-dollar exchange rate is ID1 to US$0.00068. Population: 25,374,691 (July 2004 est.) 2006 As of Jan 1st 2006, the official Iraqi dinar-US dollar exchange rate is ID1 to US$$0.00067.

[shotgunsusie]

Hi Susie,

May I ask how you know what the Kurds want?
Did you hear it on a news statement or personal contact or just a hunch?

It would be great if it were true...
personal contact

[shotgunsusie]

REPEAT, SHABIBI SAID, AND I QUOTE, "NO LOP ON THE DINAR"
I have heard third person that a bank official said $1.12. The fact is we don't know if it's true, and even if it is does the $1.12 come on a 25 dinar note after the three zero's are taken off.

I have heard they aren't taking the zero's off. Question for about the zero lop.If a person has a million dinars in 5000 dinar notes they would end up with a 1000 dinars after the lop but what if someone has a million dinars in smaller denominations. I have heard there are 25 dinar coins, and isn't there a ten dinar note.

If they didn't do something to those bills there would be rioting in the streets that two people started off with the same amount of money and one person lost 999,000 dinars and the person holding smaller denoms kept their million.

The question is what would happen to their million dinars? You can't lift zeros off of a 25 dinar note and there is only one on the ten dinar. Do they become 2.5 cents and 1 cents? I know cents isn't right but you know what I mean.

[shotgunsusie]

I've allways believed that it will "come out" at or close to the rate it was when we got here. (The real rate .31)
thats not .31 usd. thats .31 dinar per 1 usd. get the equation goin the right way. the true value is .31:1 or 1/3 of a dinar approx per dollar. or about 3 bucks.

[Gogovs]

I've allways believed that it will "come out" at or close to the rate it was when we got here. (The real rate .31)

I'll take it. .31 USD to 1 ID ........

[steamer]

thats not .31 usd. thats .31 dinar per 1 usd. get the equation goin the right way. the true value is .31:1 or 1/3 of a dinar approx per dollar. or about 3 bucks.

Are you saying 1,000,000 dinar would be worth $3,000,000.00 USD? Hmmm?

[cory]

i think it would be worth .31 and be 310.000 usd per million dinar

[steamer]

i think it would be worth .31 and be 310.000 usd per million dinar

It sure sounds like SS is stating 1 dinar equalling $3usd...at least that's what it sounded like to me...
(ss: thats not .31 usd. thats .31 dinar per 1 usd. get the equation goin the right way. the true value is .31:1 or 1/3 of a dinar approx per dollar. or about 3 bucks.)

[Alphamystic]

Well, according the the article reposted be Daydream (originally Goldraker) it state that accession into the GCC was moving faster than expected. They were talking about 2007 now instead of 2010. BUT in order for Iraq to be included they MUST bring their currency up to the average of the other countries that are members. This average is $1.59.

This leaves me to believe that we might see a higher RV in order for them to do this.

[steamer]

Yes... Iraq will revalue to 3:1 making their M2 of 20 trillion dinar worth 60 TRILLION U.S. dollars. All backed by a GDP of $25-50 billion

The U.S. meanwhile... with a $12 trillion GDP will continue along with an M2 amount of about 6.5 Trillion.

So sure... Iraq can have a money supply 10 times larger than the U.S. with a GDP of 250 times less.

Someone needs to adjust their meds.

:lmao: :lmao: :lmao: :lmao:

[$ONEDAYSOON$]

Well, according the the article reposted be Daydream (originally Goldraker) it state that accession into the GCC was moving faster than expected. They were talking about 2007 now instead of 2010. BUT in order for Iraq to be included they MUST bring their currency up to the average of the other countries that are members. This average is $1.59.

This leaves me to believe that we might see a higher RV in order for them to do this.

I like it, and when was the posted by goldraker? maybe things are moving even faster now :D

[Alphamystic]

I like it, and when was the posted by goldraker? maybe things are moving even faster now :D

I believe it was in April. I'll try to find it.....no not in here......that's not it......hmmmm how did that get here?....

...Found it - http://www.investorsiraq.com/iraqi-economy/21435-old-post-revisited-please-look.html

[scottandglenda]

.o1 - .10 then a ever slow but steady raise!

[Corwin]

IIRC - the term "Revalue" or RV was to be the preferred term to cover either a Peg OR a Float.

It's kind of hard to say - Reval at .01 and not have one think you are using the term Reval as a substitute for just a Peg.

In all honestly, I expect a Reval in the form of a Float at around 1100:1 as the first thing.

But that is FAR below a penny. :)

Corwin

[Corwin]

The majority of people in this poll think that it will RV above .31

That's big chunk of change.

And way above what I believe the country can support (at this time with low oil revenues, exploding pipelines and car bombs).

If it does RV soon - it won't be that high of a value. Things have to calm down and stay that way for a few months.

THEN people will come outside and want to make money.

But until then the economy gets put on the back burner.

Oh, and if it DOES RV at .31 or above - I will be a happy camper.

Corwin

[Alphamystic]

I think that article, so to speak, is just a cut and paste from a dealer site.

Also… there is absolutely no reason at all that Iraq has to revalue and be near the average of those other currencies. If so… Explain how Italy switched to the Euro from a 1500:1 exchange rate.
I’m sure it’s more important Iraq has foreign exchange reserves near or equal to the other countries.

I was under the impression that the article came from Ernst & Young whom did the audit. I guess we would have to ask Goldraker where he got it.

[$ONEDAYSOON$]

I believe it was in April. I'll try to find it.....no not in here......that's not it......hmmmm how did that get here?....

...Found it - http://www.investorsiraq.com/iraqi-economy/21435-old-post-revisited-please-look.html

I wonder when goldraker found it(how long this info has been out) it looks like only aug 10th 06 but I dont recall reading anything from goldraker for about 3 months or better

[Gogovs]

It sure sounds like SS is stating 1 dinar equalling $3usd...at least that's what it sounded like to me...
(ss: thats not .31 usd. thats .31 dinar per 1 usd. get the equation goin the right way. the true value is .31:1 or 1/3 of a dinar approx per dollar. or about 3 bucks.)

SS isn't saying that, SS was correcting what Howler had said that's all. Howler said that the dinar was .31US when it actually was .31 ID per 1USD..... just correcting an error.

[scottandglenda]

I guess at this point any raise would be great!! I wouldy be happy if we just had a starting point!!

[Laurali]

SS isn't saying that, SS was correcting what Howler had said that's all. Howler said that the dinar was .31US when it actually was .31 ID per 1USD..... just correcting an error.
Call me stupid (or ginko/caffiene deficient at the moment since I just awoke), but every time this comes up, I get confused. So, when I see figures in the different posts, how do I know what the figure actually represents if it is typed the same way? 1/3 of a dinar, or .31 of a USD? Everyone just puts .31. How can we discern the difference if everyone is posting their figures so vaguely? I know this has been on the forum before. I guess I should research the explanation of how the calculation actually works. I'm just worried that I'm not figuring the accurate value of my dinar with the reval figures people are throwing around, and perhaps OVER valuing. I need a simple step-by-step method now, because I'm not certain like I was before reading this post.

[cory]

Call me stupid (or ginko/caffiene deficient at the moment since I just awoke), but every time this comes up, I get confused. So, when I see figures in the different posts, how do I know what the figure actually represents if it is typed the same way? 1/3 of a dinar, or .31 of a USD? Everyone just puts .31. How can we discern the difference if everyone is posting their figures so vaguely? I know this has been on the forum before. I guess I should research the explanation of how the calculation actually works. I'm just worried that I'm not figuring the accurate value of my dinar with the reval figures people are throwing around, and perhaps OVER valuing. I need a simple step-by-step method now, because I'm not certain like I was before reading this post.
31 us cents to 1 iraq dinar

[Laurali]

Thanks Cory. I was doing my calcs right.
Oh, by the way, I have been wanting to tell you I have a a Lhaso Apso here in Baghdad with me that looks exactly like yours in your avatar. She's what reminds me of home in the states and helps me to detach from the surroundings here. I'm working on getting her shipped out during the next few months so she can be in a safer place until I return. Thanks again.

[IraqiFreedom]

I'm betting on a Float.

[psychojerm]

I'm betting on a Float.

it would be in an oil producing countries worst interest to float their currency. that's why none do it. If you look, all of them peg to the USD to lock in trade rates.

think about it this way, if you sold lemonade, your prices would directly reflect the price of lemons, and would go up and down with the price change of lemons.

for an oil producing country to NOT peg their currency to the USD, which is what the price of oil is based on, would be the same as you letting the price of the lemonade you sold have no dependency on the price of lemons.

when you are talking say 2 million barrels of oil a day at we'll say 65 dollars a barrel, that's 130 million dollars of revenues a day. if the Iraqi currency floated, and the exchange rate fluctuated, Iraq has the potential of losing 1.3 million dollars worth of revenue for each cent that the exchange rate fluctuates, every day.

If you stood to lose that kind of money in your lemonade business every time lemons increased by 1 cent, would you do it? sure, if it increased by 1 cent they could make money, but with the bombings and everything in Iraq it's probably going to be the other way.

that's what we call risk, and the unnecessary kind at that. people don't open themselves up to that. remember, Iraq's oil revenues are basically their business, and they are going to want to know what they are going to get for their product.

[vipor]

when you are talking say 2 million barrels of oil a day at we'll say 65 dollars a barrel, that's 130 million dollars of revenues a day. if the Iraqi currency floated, and the exchange rate fluctuated, Iraq has the potential of losing 1.3 million dollars worth of revenue for each cent that the exchange rate fluctuates, every day.

If you stood to lose that kind of money in your lemonade business every time lemons increased by 1 cent, would you do it? sure, if it increased by 1 cent they could make money, but with the bombings and everything in Iraq it's probably going to be the other way.

Makes sense PJ. Based on your explanation then, it would make sense to go straight into a high reval (0.31+ USD) pegged to the USD as opposed to a low reval (0.01- USD) which would likely not help out the Iraqis much. JMO

[psychojerm]

Makes sense PJ. Based on your explanation then, it would make sense to go straight into a high reval (0.31+ USD) pegged to the USD as opposed to a low reval (0.01- USD) which would likely not help out the Iraqis much. JMO

i have yet to be shown how a reval would help out a common iraqi at all...

a common Iraqi has no savings so he wouldn't benefit from it that way. a reval won't make his salary go up so he makes the same. a reval won't make anything he buys less expensive either so he's still spending the same. your average joe Iraqi won't see any benefit from a reval at all.

and as far as high peg, how are they going to support that?

[steamer]

i have yet to be shown how a reval would help out a common iraqi at all...

a common Iraqi has no savings so he wouldn't benefit from it that way. a reval won't make his salary go up so he makes the same. a reval won't make anything he buys less expensive either so he's still spending the same. your average joe Iraqi won't see any benefit from a reval at all.

and as far as high peg, how are they going to support that?

What you say is true PS...a common Iraqi has no savings so he won't benefit from a reval...right away that is...

Is it not simple economics and that which the Dems and Repubs argue about all the time. If you do not set forth financial incentives for the wealthy, the common folk will suffer. If you are a wealthy Iraqi with NID in the bank...lots of it like some of us...and now all the NID is worth millions USD, they have buying power. Those with buying power invest in their economy...why? Because they can and want to see their businesses grow.

Now what happens when wealthy invest in their businesses and they grow? They need more employees and in time unemplyment goes down and economies prosper. This isn't rocket science and GW has made it happen here in the US over the last 8 years regardless of what the liberal media will have you believe!

First make the wealthy richer and in time the common folk will benefit...As I stated above...simple economics folks. Nothing new here. It's what has made America great!

Here's one thing that stiffles the US economy in my mind...and freaks me out to see the Republican party moving to the middle...YIKES!!! The Dems think we need bigger Gov to supply common/poor with programs and financial aid. So, tax the rich to fund these programs cause they have all the money...boo hoo! Hello Dems....If the rich don't have their money to re-invest in their businesses because the Gov is taking it to give to the poor, then the business don't grow and jobs are lost. I'm done!
Steamer:wave:

[psychojerm]

What you say is true PS...a common Iraqi has no savings so he won't benefit from a reval...right away that is...

Is it not simple economics and that which the Dems and Repubs argue about all the time. If you do not set forth financial incentives for the wealthy, the common folk will suffer. If you are a wealthy Iraqi with NID in the bank...lots of it like some of us...and now all the NID is worth millions USD, they have buying power. Those with buying power invest in their economy...why? Because they can and want to see their businesses grow.

Now what happens when wealthy invest in their businesses and they grow? They need more employees and in time unemplyment goes down and economies prosper. This isn't rocket science and GW has made it happen here in the US over the last 8 years regardless of what the liberal media will have you believe!

First make the wealthy richer and in time the common folk will benefit...As I stated above...simple economics folks. Nothing new here. It's what has made America great!

Here's one thing that stiffles the US economy in my mind...and freaks me out to see the Republican party moving to the middle...YIKES!!! The Dems think we need bigger Gov to supply common/poor with programs and financial aid. So, tax the rich to fund these programs cause they have all the money...boo hoo! Hello Dems....If the rich don't have their money to re-invest in their businesses because the Gov is taking it to give to the poor, then the business don't grow and jobs are lost. I'm done!
Steamer:wave:

sure, trickle down method, but rather, here's how I see that working in Iraq.

reval. wealthy IMMEDIATELY abandon the dinar because there is no confidence in the system over there, and they want to secure their new found riches and not chance losing them.

all that downward collapses the economy of Iraq.

common iraqi now has no job, inflation sets in, crime increases and becomes rampant.

your common iraqi is now suffering from the reval.

[steamer]

sure, trickle down method, but rather, here's how I see that working in Iraq.

reval. wealthy IMMEDIATELY abandon the dinar because there is no confidence in the system over there, and they want to secure their new found riches and not chance losing them.

all that downward collapses the economy of Iraq.

common iraqi now has no job, inflation sets in, crime increases and becomes rampant.

your common iraqi is now suffering from the reval.

I doubt that, but good point. thanks!

I think the Iraqi people are a PROUD people that want to see their country become the great nation it has been before butthead Saddam raped them into the tragic situation they are in!

[vipor]

all that downward collapses the economy of Iraq.

common iraqi now has no job, inflation sets in, crime increases and becomes rampant.

your common iraqi is now suffering from the reval.

Kinda sound like the situation they're working themselves out of at the moment.

[psychojerm]

I doubt that, but good point. thanks!

I think the Iraqi people are a PROUD people that want to see their country become the great nation it has been before butthead Saddam raped them into the tragic situation they are in!

i lived and worked there for a year and a half. i politely disagree. most don't trust the government, definitely don't trust banks, and if the exchange rate were to jump, they would all switch what they had to dollars as fast as they could. but that's just my observation.

[steamer]

i lived and worked there for a year and a half. i politely disagree. most don't trust the government, definitely don't trust banks, and if the exchange rate were to jump, they would all switch what they had to dollars as fast as they could. but that's just my observation.

Thanks Psychojerm, I really had no idea. Do you think a lot of those feelings toward the gov are residual feelings from the Saddam era? Do you think now that in time they will once again be positive about life in Iraq? Otherwise, I would have to say this whole effort was indeed for nothing...i guess.

[meninblack]

How Long Do You Guys Think It Will Take To Reach 1usd If Revaled At .31 Just Wondering:happy64: :happy64: :happy64: :happy64:

[meninblack]

New Poll Maybe ?????

[$ONEDAYSOON$]

thats not .31 usd. thats .31 dinar per 1 usd. get the equation goin the right way. the true value is .31:1 or 1/3 of a dinar approx per dollar. or about 3 bucks.

ok, so the books that CBI has kept at the rate of .31NID is in fact over 3USD

:happy64: :happy64: :D

[Alphamystic]

I've been reading about this number for the last couple of days and I have to admit I'm a little confused. Where did this number come from?
I'm a yeah-sayer but this seems hard to believe. Can someone enlighten me?

[IraqiFreedom]

it would be in an oil producing countries worst interest to float their currency. that's why none do it. If you look, all of them peg to the USD to lock in trade rates.

think about it this way, if you sold lemonade, your prices would directly reflect the price of lemons, and would go up and down with the price change of lemons.

for an oil producing country to NOT peg their currency to the USD, which is what the price of oil is based on, would be the same as you letting the price of the lemonade you sold have no dependency on the price of lemons.

when you are talking say 2 million barrels of oil a day at we'll say 65 dollars a barrel, that's 130 million dollars of revenues a day. if the Iraqi currency floated, and the exchange rate fluctuated, Iraq has the potential of losing 1.3 million dollars worth of revenue for each cent that the exchange rate fluctuates, every day.

If you stood to lose that kind of money in your lemonade business every time lemons increased by 1 cent, would you do it? sure, if it increased by 1 cent they could make money, but with the bombings and everything in Iraq it's probably going to be the other way.

that's what we call risk, and the unnecessary kind at that. people don't open themselves up to that. remember, Iraq's oil revenues are basically their business, and they are going to want to know what they are going to get for their product.Well That's a pretty good case for peg as it sounds that it is based on a standard operating procedure for countries selling oil, and it does stabilize pricing by removing a variable from the equation. But, it still comes down to what Iraq believes it can peg the dinar at vs what a float would achieve. As you say, a float could work in their favor (though you clearly believe that is not likely).

If a peg is the most important part of the puzzle, why not keep the dinar at its current rate; we already have a defacto peg? Think about it. You may say that pegging at a higher rate would be more profitable, and you would be correct. So why not peg at 1dinar = 5 dollars or 1dinar = 100 dollars. Why aren't all of the currencies of oil producing nations pegged the same? If a barrel of oil costs $100 and we buy it from Kuwait at 1dinar = $3 and we purchase the same barrel from Iraq at 1dinar = $1, didn't Iraq just get ripped off compared to Kuwait? Why can Kuwait peg at a higher rate than Iraq.

If an Iraqi or a Kuwaiti visit the US and exchange their currency for dollars. Why does the Kuwaiti get more dollars than the Iraqi. They Iraqi and Kuwaiti sold the same barrel of oil and received payment in dollars, but now the Iraqi is shorted at the exchange window.

Looking only at oil, the only valid answer is that Iraq must have more currency in circulation. If that is the only answer, then it should be a simple calculation to determine what the dinar should be pegged at relative to Kuwait, Saudi Arabia, etc.

Of course it doesn't work that way because pegs are somewhat arbitrary. I guess the question is, "At what pegged rate will people stop buying oil from Iraq?" Since no one seems to be able to determine what the rate should be, there can't be much science to it; if there were, Iraq would have pegged at the higher rate on day one to maximize oil revenue.

[psychojerm]

Well That's a pretty good case for peg as it sounds that it is based on a standard operating procedure for countries selling oil, and it does stabilize pricing by removing a variable from the equation. But, it still comes down to what Iraq believes it can peg the dinar at vs what a float would achieve. As you say, a float could work in their favor (though you clearly believe that is not likely).

If a peg is the most important part of the puzzle, why not keep the dinar at its current rate; we already have a defacto peg? Think about it. You may say that pegging at a higher rate would be more profitable, and you would be correct. So why not peg at 1dinar = 5 dollars or 1dinar = 100 dollars. Why aren't all of the currencies of oil producing nations pegged the same? If a barrel of oil costs $100 and we buy it from Kuwait at 1dinar = $3 and we purchase the same barrel from Iraq at 1dinar = $1, didn't Iraq just get ripped off compared to Kuwait? Why can Kuwait peg at a higher rate than Iraq.

If an Iraqi or a Kuwaiti visit the US and exchange their currency for dollars. Why does the Kuwaiti get more dollars than the Iraqi. They Iraqi and Kuwaiti sold the same barrel of oil and received payment in dollars, but now the Iraqi is shorted at the exchange window.

Looking only at oil, the only valid answer is that Iraq must have more currency in circulation. If that is the only answer, then it should be a simple calculation to determine what the dinar should be pegged at relative to Kuwait, Saudi Arabia, etc.

Of course it doesn't work that way because pegs are somewhat arbitrary. I guess the question is, "At what pegged rate will people stop buying oil from Iraq?" Since no one seems to be able to determine what the rate should be, there can't be much science to it; if there were, Iraq would have pegged at the higher rate on day one to maximize oil revenue.


the amount of the peg does not make them any more or less profitable.

kuwait sells a barrel of oil for 100 dollars, they get approx 30 dinar.

Iraq sells a barrel of oil for 100 dollars, they get approx 146000 dinar.

they both got the exact same amount of money. the both got 100 dollars.

there is no benefit in oil trade for where it's pegged. peg it at 100000000:1 or 1 dinar:100 dollars makes no difference. they are still going to get 100 dollars.

[psychojerm]

Thanks Psychojerm, I really had no idea. Do you think a lot of those feelings toward the gov are residual feelings from the Saddam era? Do you think now that in time they will once again be positive about life in Iraq? Otherwise, I would have to say this whole effort was indeed for nothing...i guess.

sure they will go away. it just takes time for that to happen. you have to think, they been under a dictator for 30 something years. the life span over there is barely 50, and the vast majority of the population is under 30. so most only know dictatorship, and don't trust the govt. as they learn what democracy is things will change, but it just takes time.

[psychojerm]

"At what pegged rate will people stop buying oil from Iraq?" Since no one seems to be able to determine what the rate should be, there can't be much science to it; if there were, Iraq would have pegged at the higher rate on day one to maximize oil revenue.

there would never be a peg wherre people stop buying oil. oil is bought in dollars, and Iraq's exchange rate makes no difference to oil trade

[peakoil]

there would never be a peg wherre people stop buying oil. oil is bought in dollars, and Iraq's exchange rate makes no difference to oil trade

Everyone on this forum already knows that your above statement is NOT true. You continue pushing this agenda and for no reason.:happy64:

[SoFla]

I've been reading about this number for the last couple of days and I have to admit I'm a little confused. Where did this number come from?
I'm a yeah-sayer but this seems hard to believe. Can someone enlighten me?

It is posted on The Bank Of Baghdad site under the Tool Bar - Balance -> 2004

http://www.bankofbaghdad.net/2004.html

"I would to inform all the stockholders of Baghdad Bank that the report of the managing council 2004 was prepared according to the demands of Central Bank of Iraq to balance US dollar price to0.310 ID instead of its real value (1460) ID per 1 US dollar, so, the report and general budget do not necessarily reflect the actual situation of Baghdad Bank and the volume of economical incoming indexes, so, this report was issued in order to meet the demands of the rules and instructions."

[psychojerm]

Everyone on this forum already knows that your above statement is NOT true. You continue pushing this agenda and for no reason.:happy64:


uh.... why isn't it true? please enlighten me, because apparently while everyone else knows, i don't...

you have got to stop running around telling people how wrong they are without ever saying why anyone is wrong. SHOW ME

oil is traded in dollars....FACT
Iraq receives dollars for its oil....FACT
no mater what the peg rate is, Iraq still gets the same amount in dollars....FACT

so, where am I wrong peakoil?

[peakoil]

uh.... why isn't it true? please enlighten me, because apparently while everyone else knows, i don't...

you have got to stop running around telling people how wrong they are without ever saying why anyone is wrong. SHOW ME

oil is traded in dollars....FACT
Iraq receives dollars for its oil....FACT
no mater what the peg rate is, Iraq still gets the same amount in dollars....FACT

so, where am I wrong peakoil?

While in the past it has been traditionally traded with dollars. You have not kept up to date with the lastest information. Russia, Iran, and Opec is excepting a percentage of their purchases in Euros.
Your FACT is not 100% true. That is a fact.
In addition-There is talk that some countries are looking to get away from the dollar all together. These changes is exactly what many of us are speculating to come true.
I refuse to accept that the almighty dollar will be the oil exchange of the future. It is bound to swing.
It really does not matter because what ever dollars these countries are getting they are either getting rid of it for oil or just flat out selling the dollar for their domestic currency, just as Iraq continues to do on a regular basis. I think it is high time you wake up here to what is really going on.

[Howler]

i lived and worked there for a year and a half. i politely disagree. most don't trust the government, definitely don't trust banks, and if the exchange rate were to jump, they would all switch what they had to dollars as fast as they could. but that's just my observation.

When did you leave? I am still here....finishing up my 3rd year. If their money was suddenly worth something...why the ---- would they trade it for dollars? That makes no sense at all. Yes they were using dollars when I first got here. Now when I go through BIAP they are all using Dinar. Buy the way Biap is looking allot better than it used to. Allmost a regular airport again.

[Howler]

SS isn't saying that, SS was correcting what Howler had said that's all. Howler said that the dinar was .31US when it actually was .31 ID per 1USD..... just correcting an error.

With all due respect I was just stating what I have read on this forum. The .31 dollars to dinar was the rate Saddam and cronies used, while the rate on the street was .31 dinar to dollars. If I have misread this, sorry.:drunk:
Personally I like Shotguns point of view, but will gladly take either!!!!

[psychojerm]

While in the past it has been traditionally traded with dollars. You have not kept up to date with the lastest information. Russia, Iran, and Opec is excepting a percentage of their purchases in Euros.

do you know what they have to do before they accept those euro's. take the price of oil in DOLLARS, and convert it to euro's. i don't care what currency they accept...fact is that they are getting the same amount in USD as oil is PRICED by the dollar. that's what counts.

Your FACT is not 100% true. That is a fact.
In addition-There is talk that some countries are looking to get away from the dollar all together. These changes is exactly what many of us are speculating to come true.

good, there was talk here last summer that the dinar was going to reval immediately at all sorts of figures and that didn't happen either.

you know the group that looks for the dollar not to be the standard anymore? democrats... you show me one republican that thinks that oil moving away from the dollar is a good thing.


I refuse to accept that the almighty dollar will be the oil exchange of the future. It is bound to swing.
again, that's the statement of a dem....

It really does not matter because what ever dollars these countries are getting they are either getting rid of it for oil or just flat out selling the dollar for their domestic currency, just as Iraq continues to do on a regular basis. I think it is high time you wake up here to what is really going on.

the first sentence makes no sense. the second sentence, yes, Iraq is interjecting all those dollars from oil into Iraq at auctions to bring in dinar to fund the government. what's your point? you do realize that the CBI buys those dollars from the ministry of oil with dinar to sell at auction right?

[jessemac]

it would be in an oil producing countries worst interest to float their currency. that's why none do it. If you look, all of them peg to the USD to lock in trade rates.

think about it this way, if you sold lemonade, your prices would directly reflect the price of lemons, and would go up and down with the price change of lemons.

for an oil producing country to NOT peg their currency to the USD, which is what the price of oil is based on, would be the same as you letting the price of the lemonade you sold have no dependency on the price of lemons.

when you are talking say 2 million barrels of oil a day at we'll say 65 dollars a barrel, that's 130 million dollars of revenues a day. if the Iraqi currency floated, and the exchange rate fluctuated, Iraq has the potential of losing 1.3 million dollars worth of revenue for each cent that the exchange rate fluctuates, every day.

If you stood to lose that kind of money in your lemonade business every time lemons increased by 1 cent, would you do it? sure, if it increased by 1 cent they could make money, but with the bombings and everything in Iraq it's probably going to be the other way.

that's what we call risk, and the unnecessary kind at that. people don't open themselves up to that. remember, Iraq's oil revenues are basically their business, and they are going to want to know what they are going to get for their product.phychojerm, i think your explanation of it makes alot sense to me . i thought a float would be better but it will make more sense to peg it, it's always good to see different views , thanks for that info ......... :)

[psychojerm]

When did you leave? I am still here....finishing up my 3rd year. If their money was suddenly worth something...why the ---- would they trade it for dollars? That makes no sense at all. Yes they were using dollars when I first got here. Now when I go through BIAP they are all using Dinar. Buy the way Biap is looking allot better than it used to. Allmost a regular airport again.

i left a little over a year ago.

as far as the part in bold above, it's relatively simple. the dinar is worth very little today. if tomorrow it was worth a whole bunch, and you had riches, you don't want to lose those riches. knowing that apparantly the dinar can change dramatically overnight, people will flock to something they know is stable which is the USD in Iraq.

the thought process goes something like "i had this one million dinar yesterday and it was only worth 700USD. today it's worth a million! I'm going to get my million USD before I lose it! if the value can change like that overnight then who's to say it can't go back? I'm going to play the safe side where I know I can keep my newfound wealth. I'm trading in for dollars!"

[peakoil]

do you know what they have to do before they accept those euro's. take the price of oil in DOLLARS, and convert it to euro's. i don't care what currency they accept...fact is that they are getting the same amount in USD as oil is PRICED by the dollar. that's what counts.



good, there was talk here last summer that the dinar was going to reval immediately at all sorts of figures and that didn't happen either.

you know the group that looks for the dollar not to be the standard anymore? democrats... you show me one republican that thinks that oil moving away from the dollar is a good thing.



again, that's the statement of a dem....



the first sentence makes no sense. the second sentence, yes, Iraq is interjecting all those dollars from oil into Iraq at auctions to bring in dinar to fund the government. what's your point? you do realize that the CBI buys those dollars from the ministry of oil with dinar to sell at auction right?


Again, no facts to support these claims. Another weak arguement that ends insulting me by calling me a dem. Yeah right.

[Vanquish]

i left a little over a year ago.

as far as the part in bold above, it's relatively simple. the dinar is worth very little today. if tomorrow it was worth a whole bunch, and you had riches, you don't want to lose those riches. knowing that apparantly the dinar can change dramatically overnight, people will flock to something they know is stable which is the USD in Iraq.

the thought process goes something like "i had this one million dinar yesterday and it was only worth 700USD. today it's worth a million! I'm going to get my million USD before I lose it! if the value can change like that overnight then who's to say it can't go back? I'm going to play the safe side where I know I can keep my newfound wealth. I'm trading in for dollars!"

IF there is a reval. It will be a gradual reval over many years. There WILL NOT be a sudden jump in value of the dinar.

If that happened, there would be an exodus from Iraq, people leaving with their dinars that are now worth millions of USD.

Come on people, get real, that ain't going to happen. Iraqis are not going to become USD Millionaires overnight, no matter how much you dream or thrash this statement to death.:o

[LoveDemDinars]

Vanquish,
I think you are correct on the reval. I (gut feeling) think it will be reval'd at .001 cents (1000:1) probably on 09/02 or 09/03 2006. Then move slowly along from there.
Remember I don't know anything or anybody just based on current affairs.
Holding for the long haul.

[RACECAR]

it would be in an oil producing countries worst interest to float their currency. that's why none do it. If you look, all of them peg to the USD to lock in trade rates.

think about it this way, if you sold lemonade, your prices would directly reflect the price of lemons, and would go up and down with the price change of lemons.

for an oil producing country to NOT peg their currency to the USD, which is what the price of oil is based on, would be the same as you letting the price of the lemonade you sold have no dependency on the price of lemons.

when you are talking say 2 million barrels of oil a day at we'll say 65 dollars a barrel, that's 130 million dollars of revenues a day. if the Iraqi currency floated, and the exchange rate fluctuated, Iraq has the potential of losing 1.3 million dollars worth of revenue for each cent that the exchange rate fluctuates, every day.

If you stood to lose that kind of money in your lemonade business every time lemons increased by 1 cent, would you do it? sure, if it increased by 1 cent they could make money, but with the bombings and everything in Iraq it's probably going to be the other way.

that's what we call risk, and the unnecessary kind at that. people don't open themselves up to that. remember, Iraq's oil revenues are basically their business, and they are going to want to know what they are going to get for their product.http://bcsia.ksg.harvard.edu/publication.cfm?ctype=article&item_id=600 There is also another opinion to your LEMONADE theory working with the IMF you may not get him to buy it. http://ksgfaculty.harvard.edu/Jeffrey_Frankel

[psychojerm]

Again, no facts to support these claims. Another weak arguement that ends insulting me by calling me a dem. Yeah right.

here's your link.... all the information needed to back up my claims is on this website... I'll even post you some quotes...

http://www.nymex.com/lsco_pre_agree.aspx

http://www.nymex.com/lsco_fut_cso.aspx


"the contract is used as a principal international pricing benchmark."

[grimly]

31¢ .....................before Dec. 31 2006!
G

[grimly]

$1 ................................by mid 2008.
G

[peakoil]

here's your link.... all the information needed to back up my claims is on this website... I'll even post you some quotes...

http://www.nymex.com/lsco_pre_agree.aspx

http://www.nymex.com/lsco_fut_cso.aspx


"the contract is used as a principal international pricing benchmark."

Yea, I think this is the only exchange market in the world.:lmao:

[psychojerm]

Yea, I think this is the only exchange market in the world.:lmao:

nope, but the part in bold pretty much says it...


The New York Mercantile Exchange handles billions of dollars worth of energy products, metals, and other commodities being bought and sold on the trading floor and the overnight electronic trading computer systems. The prices quoted for transactions on the exchange are the basis for prices that people pay for throughout the world.

http://en.wikipedia.org/wiki/NYMEX

[Pimpmaximus]

A reval of .01 to .05 seems the most plausible secnario. Leaning too much towards potential oil revenue is foolish at this point. On the other hand, rate is not entirely based on currency reserves either (right now it is, but in the future it won't be). So this seems the most likely scenario, with a gradual rise to about .5-.7 in 5 years or so.

[Dinar123]

Alright guys im a newbie and i have absolutly no knowledge of investing and #s (im terrible at math). I would like it if you guys would answer the following question as if you were explaining it to a baby..LOL. If i have 500,000 dinars and they do this lop thing you guys are talking about how does that affect the value of my dinar...Would it be worth more or less? Can you give me a mathematical equation that when this lop occurs i can use to figure out the value of my investment, especially since im planning on acquiring 2 million dinars in addition to the 500,000 i have. Thanks, it is highly appreciated.

[Gogovs]

A reval of .01 to .05 seems the most plausible secnario. Leaning too much towards potential oil revenue is foolish at this point. On the other hand, rate is not entirely based on currency reserves either (right now it is, but in the future it won't be). So this seems the most likely scenario, with a gradual rise to about .5-.7 in 5 years or so.

Never happen in 5yr

[Pimpmaximus]

Gogovs wrote:

Never happen in 5yr


Uh, why not?

[vipor]

Alright guys im a newbie and i have absolutly no knowledge of investing and #s (im terrible at math). I would like it if you guys would answer the following question as if you were explaining it to a baby..LOL. If i have 500,000 dinars and they do this lop thing you guys are talking about how does that affect the value of my dinar...Would it be worth more or less? Can you give me a mathematical equation that when this lop occurs i can use to figure out the value of my investment, especially since im planning on acquiring 2 million dinars in addition to the 500,000 i have. Thanks, it is highly appreciated.

Effects of a 3-zero lop off the currency:

your 100,000 dinar became 100 dinar (took the last 3 zeroes off the number)
your 500,000 dinar became 500 dinar
your 1,000,000 dinar became 1,000 dinar

Now, figure in what level the dinar was pegged at after the lop. Multiply that by your new amount of dinar. If it was set at 1:1, then:

your 500 dinar is worth $500
your 1,000 dinar is worth $1,000

If your 500,000 initially cost you $425, after the lop and peg to 1:1 it is only worth $500.

Anyone please correct me if I am wrong.

[Sporter]

O.K. I got one better, won't happen in 7 years:lmao: :lmao:. Just play the hand your dealth, call, raise or fold that simple.

[Dinar123]

Effects of a 3-zero lop off the currency:

your 100,000 dinar became 100 dinar (took the last 3 zeroes off the number)
your 500,000 dinar became 500 dinar
your 1,000,000 dinar became 1,000 dinar

Now, figure in what level the dinar was pegged at after the lop. Multiply that by your new amount of dinar. If it was set at 1:1, then:

your 500 dinar is worth $500
your 1,000 dinar is worth $1,000

If your 500,000 initially cost you $425, after the lop and peg to 1:1 it is only worth $500.

Anyone please correct me if I am wrong.
Thanks Vipor, know i have a clearer picture of this lop deal.

[Gogovs]

Gogovs wrote:


Uh, why not?

I'll say it again ........

Nothing will happen in 5 years. For those who are not in the US let me explain this one again on long term.

You see, we have this election coming up in November 2006 for control of the US House and Senate. If Democrates do win these elections and gain control, the first order of business is to pull all, and I mean every single one of US troops out of Iraq by 12/31/2006. If that happens, Iraq will go to the crapper under someone elses control but it won't be what we all want.

Now, if the Democrates do not gain control of the US House and Senate, then in November 2008 we have another Presidential election. GW can't run again and if you view polls, Democrates seem to have the upper hand right now and if for some reason they Win 2008 Presidential election guess what happens?

That's right ladies and gentlemen, US Troops will pull out of Iraq.

Given all of this ..... the Iraqi Government has until Nov. 2006 at the earliest and Nov. 2008 at the lastest. That's all they have. No 2009, 2010, etc ....... Clear?

[Pimpmaximus]

Gogovs wrote:

I'll say it again ........

Nothing will happen in 5 years. For those who are not in the US let me explain this one again on long term.

You see, we have this election coming up in November 2006 for control of the US House and Senate. If Democrates do win these elections and gain control, the first order of business is to pull all, and I mean every single one of US troops out of Iraq by 12/31/2006. If that happens, Iraq will go to the crapper under someone elses control but it won't be what we all want.

Now, if the Democrates do not gain control of the US House and Senate, then in November 2008 we have another Presidential election. GW can't run again and if you view polls, Democrates seem to have the upper hand right now and if for some reason they Win 2008 Presidential election guess what happens?

That's right ladies and gentlemen, US Troops will pull out of Iraq.

Given all of this ..... the Iraqi Government has until Nov. 2006 at the earliest and Nov. 2008 at the lastest. That's all they have. No 2009, 2010, etc ....... Clear?
Reply With Quote


Your reasoning here is just as speculative as dinar investing is. Huge assumptions being made here. Rest assured the Democrats are very much aware of whats at stake in Iraq. They play the "bring the troops home" card in order to further thier own agendas. Fact is, they are in the exact same position as the Republicans were else once in control, executive or legislative.

No, the Democrats might come to power, but the full implication of whats at stake in Iraq will dicatate policy at the end of the day. The US isn't letting partisan politics determine our sucess or failure in Iraq. The economic viability of this country depends on it. Money and lifestyle talk and believe me, Democrats hear just like the Republicans do on this one..........

[$ONEDAYSOON$]

iraqis really need the support, and I will protest anything less(to the max) Even if we get a nice r/v, I for one am standing with Iraq!!!

[peakoil]

nope, but the part in bold pretty much says it...


The New York Mercantile Exchange handles billions of dollars worth of energy products, metals, and other commodities being bought and sold on the trading floor and the overnight electronic trading computer systems. The prices quoted for transactions on the exchange are the basis for prices that people pay for throughout the world.

http://en.wikipedia.org/wiki/NYMEX

Jerm when the guys head is rolling around that means it was a joke.
I was not needing a nope there dude. Here he is again.>>>>>:lmao:

[peakoil]

Alright guys im a newbie and i have absolutly no knowledge of investing and #s (im terrible at math). I would like it if you guys would answer the following question as if you were explaining it to a baby..LOL. If i have 500,000 dinars and they do this lop thing you guys are talking about how does that affect the value of my dinar...Would it be worth more or less? Can you give me a mathematical equation that when this lop occurs i can use to figure out the value of my investment, especially since im planning on acquiring 2 million dinars in addition to the 500,000 i have. Thanks, it is highly appreciated.

There are some loppers here like jerm and davedinar that can answer that.
It is over my head!!:happy64:

[Gogovs]

Your reasoning here is just as speculative as dinar investing is. Huge assumptions being made here. Rest assured the Democrats are very much aware of whats at stake in Iraq. They play the "bring the troops home" card in order to further thier own agendas. Fact is, they are in the exact same position as the Republicans were else once in control, executive or legislative.

No, the Democrats might come to power, but the full implication of whats at stake in Iraq will dicatate policy at the end of the day. The US isn't letting partisan politics determine our sucess or failure in Iraq. The economic viability of this country depends on it. Money and lifestyle talk and believe me, Democrats hear just like the Republicans do on this one..........

How many links do you want that clearly show the Democrats will pull US troops? There is a million of them.

""The concept, dubbed ''strategic redeployment," is outlined in a slim, nine-page report""

[shotgunsusie]

they missed the quote by shabibi that said "THERE WILL BE NO ZERO LOP"

...oil monitized, oil investment law done, finishing touches of oil law, delay of a few days to cash in but WHO CARES? lol

[costar01]

SS Not any need try and tell them anything, let them drive them selfs crazy.

[ISX_TIME]

they missed the quote by shabibi that said "THERE WILL BE NO ZERO LOP"

...oil monitized, oil investment law done, finishing touches of oil law, delay of a few days to cash in but WHO CARES? lol

I think the LOP statement was a slip of the lip, and they reamed him out...He'll NEVER do that again

[Stout Hearted Man]

I wouldn't be surprised if by the end of Bush's term they revalued back to where it was before this last war.

Bush wants Iraq to be the jewel of his legacy, so IMO, he will continue to push the Iraqi's to get their country fully functioning or as close to it as possible before he leaves office.

Nothing is certain, but that is the nature of investing. Frustrating...isn't it!? :cool:

[Swoop737]

I certainly hope that it revals high but conservatively I think it will reval at .01 to .10 cents/dinar.

[C1Jim]

.01-.10, anything higher just seems crazy to me. I of course am happy with with anything over .10