1422!!!!

[Dimick0594]

Is it a good or bad thing that they are raising rates so slow?? One of these days they are going to have to make a bigger jump wouldn't you think??? In the mean time some progress is better than no progress!:happy64: :happy64: :happy64:

[salvation1]

Number of banks10-----Auction price selling dinar / US $1422-----Auction price buying dinar / US $1420-----Amount sold at auction price (US $)14.830.000-----Amount purchased at Auction price (US $) 1.000.000 Total offers for buying (US $)14.830.000-----Total offers for selling (US $)1.000.000

[Dimick0594]

Why are they moving so slow??? I just keep thinking they are trying to see how it does, but sooner or later they have to make a big jump don't you think??? I am not trying to be negitive because it is awesome that it is still moving!!!:happy64: :happy64: :happy64:

[44special]

Rollin', rollin', rollin', keep those dinars rollin'!!! This is the ride of a lifetime. I hope everyone jumps on board! :happy64::happy64::happy64:

[mik]

How much does it have to move down to to hit 1 cent.

[Teslyn]

Kind of makes you wonder what they have in store if they really are going to try to make 1350 by year's end.

2 pips a day isn't cutting it.

[rags2riches99]

I remember back in September I got excited when it finally moved a pip a week. Now a couple pips a day is ho hum. The times they are a changin'.

[mike55]

So they grabbed up almost 20 billion dinar today. Very good.

[Tenndinar]

How much does it have to move down to to hit 1 cent.


100 to 1 will be a penny

[Weston]

Like someone said in a post they are raising rates to fight inflation (sitting at like 70%? ) So if they raise it litle at a time. 1470 to 1422 dont think its going to fight inflation that much. Then the CBI will have to say Oh I guess we'll have to raise it in big jumps ;) I like that theory BTW

[Ialdoboath]

I think the current rises are just to appease the masses and make it look like they are fighting inflation. They know these pips will do little if anything. IMHO they are treading water until the oil sharing deal is done and the FIL is kicked in (with banks ready for online banking etc.)
When all the elements to support a reval are in order it will get done. But right now it would be chaos.

Soon though... all the ducks are in a row atm. I don't see it going much more than a few more months tops before we start seeing significant rises in the value of the dinar. Again, jmho...

[MR32SLIM]

At a rate of 2 dinar/day increase in the overall value, it will take appromximately 750 days to move from 1500:1 to 1:1. Moreover, 750 days is roughly two years, but since the auctions are not taking place every day, it will be closer to three years before we see 1:1.

And with increased pressure to use diplomatic talks to Iraq's neighbors, the nations that make up the GCC, having the dinar at par with the dollar by 2010 will make it all the easier to include Iraq in the unified oil-based currency.

Just a thought...this slow, steady rate shouldn't bother anyone. It's the best indicator that we've seen that there isn't a "zero-lop" or reprint in the works.

[Crow]

I feel they can drop it up to 20 pips at a clip in this FIRST PHASE,so there might be a little surprise one of these days.Just a thought.

[SunnyGift]

My personal feeling is that they need to start the r/v @ .32 to begin with. Not but because I will make $$$ on it. but thats where it was before the second second gulf war.

Problem with starting @ 1000-1 or 800-1 it won't have any affect on the inflation. they have to be serious about how much progress the GOI wants.

You also don't want foreigners buying up the country for pennys. anything else then .32 and your are creating problems not just for GOI and the Iraqi people.

The ducks are coming in order and once the HCL is pass in the next few weeks, it will be another month or two before we see an r/v

[MR32SLIM]

With regards to inflation, current estimates put it around 20-25%. That would stipulate anywhere from 20-25% increase in value to offset the inflation. 25% of 1500, the previous pegged rate, would be 375. At a rate of 2 dinar/day, the dinar would be a little less than a year before it has fully appreciated in value. Just as inflation doesn't happen overnight, neither do the techniques used to counter it.

As for the argument of countries buying up Iraq for pennies, I doubt too many private companies will enter Iraq until they are certain it is safe. Sure, there will be a few pioneering CEO's willing to take the risk, but the only companies wealthy enough to buy up the country, so to speak, are the ones that are willing to wait for the security situation to improve.

Fortunately for dinar investors, economic reform might be the missing piece to establish security. A small revalue (.02) that happens over the course of a year or more will likely reduce the violence, and when security improves and the US military moves out, foreign companies will start investing and that's when we'll see the pop to the pre-war value of .32 or more.

[Mucho Dinaro]

With regards to inflation, current estimates put it around 20-25%. .


Everything I have read states 50 to 76% inflation....................:confused:

[sgmunson]

With the HCL (HydroCarbon Law) probably going into effect in the next couple of weeks or so, the provision that grants funds to every Iraqi citizen on a monthly basis would become an immediate currency availability problem without a significant revaluation. Even if they redenominated at the same time, and had 10 Trillion dinar in small denoms sitting in the vault just waiting for this part of the plan, such a supply would only last 6 to 8 months, and would just delay the inevitable without drawing in the large denominations for redemption, and because of the increase in the money supply, cause more of the inflation they're trying to combat. There's just no way to get around doing a significant revaluation the moment you start distributing funds from the HCL. The numbers involved in that distribution are roughly 1 Billion US Dollars a month, and at the current exchange rate, that would be over 1.4 Trillion dinar per month. At that rate they probably run out before the 1st distribution is done. FYI...

Steve
(aka sgmunson)
:happy64: :happy64: :happy64:


With regards to inflation, current estimates put it around 20-25%. That would stipulate anywhere from 20-25% increase in value to offset the inflation. 25% of 1500, the previous pegged rate, would be 375. At a rate of 2 dinar/day, the dinar would be a little less than a year before it has fully appreciated in value. Just as inflation doesn't happen overnight, neither do the techniques used to counter it.

As for the argument of countries buying up Iraq for pennies, I doubt too many private companies will enter Iraq until they are certain it is safe. Sure, there will be a few pioneering CEO's willing to take the risk, but the only companies wealthy enough to buy up the country, so to speak, are the ones that are willing to wait for the security situation to improve.

Fortunately for dinar investors, economic reform might be the missing piece to establish security. A small revalue (.02) that happens over the course of a year or more will likely reduce the violence, and when security improves and the US military moves out, foreign companies will start investing and that's when we'll see the pop to the pre-war value of .32 or more.

[Here in Kuwait]

With regards to inflation, current estimates put it around 20-25%. That would stipulate anywhere from 20-25% increase in value to offset the inflation. 25% of 1500, the previous pegged rate, would be 375. At a rate of 2 dinar/day, the dinar would be a little less than a year before it has fully appreciated in value. Just as inflation doesn't happen overnight, neither do the techniques used to counter it.

As for the argument of countries buying up Iraq for pennies, I doubt too many private companies will enter Iraq until they are certain it is safe. Sure, there will be a few pioneering CEO's willing to take the risk, but the only companies wealthy enough to buy up the country, so to speak, are the ones that are willing to wait for the security situation to improve.

Fortunately for dinar investors, economic reform might be the missing piece to establish security. A small revalue (.02) that happens over the course of a year or more will likely reduce the violence, and when security improves and the US military moves out, foreign companies will start investing and that's when we'll see the pop to the pre-war value of .32 or more.


I disagree with you, oil companies see trilllions of Dollars in profits in Iraq and will pay private armies to secure their oil wells in Iraq. The security is not an issue for them, but how much they can make from the oil is. Security is more of an issue for other industries, manufacturing, etc.. Big oil has the money and will spend it for profits that will scure their future for years to come. Just think of a rich oil company that wouldn't spend say 1 billion dollars a year ( for security ) to pump up to 4 billion barrels of oil each year for the next 50 years or more.

[StephanieF]

I feel they can drop it up to 20 pips at a clip in this FIRST PHASE,so there might be a little surprise one of these days.Just a thought.

Tonight.:cool:

[PennStateMtnMan]

Tonight.:cool:

I hope your right on that.

[Ialdoboath]

I disagree with you, oil companies see trilllions of Dollars in profits in Iraq and will pay private armies to secure their oil wells in Iraq. The security is not an issue for them, but how much they can make from the oil is. Security is more of an issue for other industries, manufacturing, etc.. Big oil has the money and will spend it for profits that will scure their future for years to come. Just think of a rich oil company that wouldn't spend say 1 billion dollars a year ( for security ) to pump up to 4 billion barrels of oil each year for the next 50 years or more. You beat me to it... I was gonna say the same thing. These companies waste millions and millions exploring for oil in the arctic and in unproven deep sea rig locations and often come up empty for the trouble. There's no way they're going to walk away from rich crude oil that's high quality and close to the surface. They WILL be in Iraq, if they are not already. (I have no doubt Exxon has their people holed up in the green zone as we speak, checking topographical maps and calculating ratios of barrels-per-day to body counts to find the appropriate cost risk/benefit scenario.)

[StephanieF]

I hope your right on that.

3, I was better then half right. :lmao:

[mik]

thank you tenndinar

[ready2retire]

:confused: I AM NEW AT THIS.WHEN I POST A THREAD HOW DO I SEE THAT IT WAS POSTED AND VIEW THE REPLY???????????