Guess what the dinar will open at

[BRYAN]

I was wondering if we can see what people think what the dinar will open at

My guess is .64 to the dollar ;)

[FAST1]

1 NIQD=37 cents US

[BRYAN]

1 NIQD=37 cents US
dude your name fitts you perfect ... you can vote now !! :wave:

[kelleyB]

1 NID = ommm 32c

What about in between .01 to .31? I chose 28c first but can't cuz there is no poll for that. :crying:

[top123]

I am trying to be conservative as possible my bet is .01 to .05 and it will increase exponentialy every year as the econmy and security of Iraq improve.

Now if open higher than that I will be extremely happy.

But base on my research the Interim Iraq Gov't, US, UN, IMF/WorldBank and the Innternational business community they are on full speed on the recovery mode. we will see..


Good luck to all of us.

top123

[Part-timer]

I would personally liked to see Jeffrey's response to this one!!!

:happy64: :happy64: :happy64:

[FAST1]

I got carried away! I just now found the voting area. I think it will be in the 30 cent range. The 37 number is based on a friend that just got back and is walking around in a stupor saying 37 cents......Kind of like Rainman! HAHAHA :lmao:

[RET]

Got an email from an ex-forum member. Said they heard .43 from several workers that have returned home. But, they understand that's only a rumor . . .

I didn't vote since my guess isn't listed. I'm guessing .15 and my honey is guessing .10!

[kelleyB]

RET I agree. Mine was orginally 28cents, but not an option. So, I went with my second guess. If it opens up in the 30cent range, that is it.


Going to start my dream/wish web page..lol I am silly I know. yadda yadda yadda ;)

[Jeffrey]

I would personally liked to see Jeffrey's response to this one!!!

:happy64: :happy64: :happy64:


Ok here it is: For those who are thinking of using it as wallpaper.....you are going to have some pretty valuable walls! :shhh:

[kelleyB]

Jeffery, you know as well as me that it will not open up at $1. If it does however. I will buy you a bottle of Krystal. ;) Have to cover my bases on this. You never know.

I have to edit to add that I just noticed that this post made 371. Which is good luck for me, cuz it is my birth month and year. March 71. See. Yah I know "She is crazy" well :drunk: on you.

[highrollr19]

I am sorry to be the low ball better here, but I onestly expect it to open at around 1000 dinars to the dollar! I know that isn't what everyone wants... but I think the price of .31$ is a price to shoot for in the long term... not to expect in the beginning!

[FAST1]

you make good sense, I just tend to believe that there is some geo-political statements to be made to the Iraqi citizens. I may be wishing but my gut tells me that there is a vast source of untapped riches in the area. Add in the op for growth and the very industrious Iraqi people.......who knows what could happen. I think they want to show the world something.

[Jeffrey]

Jeffery, you know as well as me that it will not open up at $1. If it does however. I will buy you a bottle of Krystal. ;) Have to cover my bases on this. You never know.

I have to edit to add that I just noticed that this post made 371. Which is good luck for me, cuz it is my birth month and year. March 71. See. Yah I know "She is crazy" well :drunk: on you.


Jeffrey never said it would open at a dollar. I wish it would!...that would be tooooooo sweet!

My comment was directed at the "naysayers" who say that it will only be good for wallpaper.....I believe that the Dinar will increase in value...thus the valuable walls.

I'll still take the Krystal though! But be forwarned.......champaign makes Jeff "randy".

That last sentence looks wierd....Jeff doesnt become "Randy"...he still remains Jeff.....he just gets a little aaaahhhhh "horned".....yeah, thats the word I was looking for! LOL :happy64:

[Psycho for Dinar]

Gonna step out on that limb. Based on what I read about Jordon, I'm going to say the dinar opens at 1 USD/ .55 IQD. Thin limb you say?

Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil. Debt, poverty, and unemployment are fundamental problems, but King ABDALLAH since assuming the throne in 1999 has undertaken some broad economic reforms in a long-term effort to improve living standards. Amman in the past three years has worked closely with the IMF, practiced careful monetary policy, and made significant headway with privatization. The government also has liberalized the trade regime sufficiently to secure Jordan's membership in the WTrO (2000), a free trade accord with US (2000), and an association agreement with the EU (2001). These measures have helped improve productivity and have put Jordan on the foreign investment map. The US-led war in Iraq in 2003 dealt an economic blow to Jordan, which was dependent on Iraq for discounted oil. It remains unclear how Jordan will finance energy imports in the absence of such a deal. Other ongoing challenges include fiscal adjustment to reduce the budget deficit and broader investment incentives to promote job-creating ventures.

http://www.nationmaster.com/country/jo/Economy

[dinardude]

I think that with all that has transpired in Iraq over the years you are looking at a people who have lived under severe oppression. Whether they even have the ability to comprehend at this time how to move their country into the 21st century or not is to be seen...I'm not saying I don't believe they can't get it together, so don't go jumping all over me...I'm just saying as a whole it is going to take a long time for them to come up to speed. I believe it will take patience and persistance on the part of the people and those helping them achieve their goals. Reaching their goals are something I just don't see happening in the very near future. Small goals, yes I see.

Understand I don't no much about Iraq and I really have not ever delved into their culture and history until I started watching this forum and showed interest in investing in dinars so my thoughts are based soley on what I can piece together in my mind.

I have read numerous articles on how the Iraqi people are very industrious and have the entrepreneurial spirit and that just may be their saving grace in this whole thing. I certainly hope so for them.

So in short I think the dinar will take time to reach its potential and if the Iraqi people want it to happen then it will. My guess for opening day is 500 to 1000 dinars to the dollar and then from there it will climb gradually as Iraq and its people grow. Just my thoughts.

[kelleyB]

Jeffrey never said it would open at a dollar. I wish it would!...that would be tooooooo sweet!

My comment was directed at the "naysayers" who say that it will only be good for wallpaper.....I believe that the Dinar will increase in value...thus the valuable walls.

I'll still take the Krystal though! But be forwarned.......champaign makes Jeff "randy".

That last sentence looks wierd....Jeff doesnt become "Randy"...he still remains Jeff.....he just gets a little aaaahhhhh "horned".....yeah, thats the word I was looking for! LOL :happy64:
Man, you posted right after 10 votes and $1 wasn't there. I was sure it was you. Oh well. I got your joke about the wall paper. Too cute. ;)

As far as the Krystal, I will get a bottle for you and Randy...lol ;)

[CAP]

If 80% to 90% of the debt is forgiven I believe it has a shot to open around .10. 50% debt reduction, I'll hope for 500NID=1$.

I just hope it opens before all hell breaks loose between the religous factions, and Iranians of course.

Non-waffling guesstimate....................................... ...500NID= $1 :(

[highrollr19]

Psycho-
DId you mean you are shooting for 1 IQD/.55 US??? You put it the other way around, making it worth almost 2$. That would great... but is absurd to put expectations like that on the investment. It is much better to guess low and be suprised by getting more, then to expect the best and be disapointed by the outcome!

[Aunt Gwennie]

This is just my feeling on the subject of the value of the dinar.

For the Iraqi people to feel that all this devastation and blood shed was worth the sacrifice, I think the dinar has to at least open at what it was when Saddam was run out of town.(or maybe a little higher) Otherwise if it opens below $.31 USD to 1 NID, this will say to the people that even as bad as everything was under Saddam at least their money was worth more under his rule.

Of course my husband is having visions of grandeur and says it's going to open at $2.65 USD/1 NID.....wishful thinking I feel. But he's entitled to dream big. He says if it hits that big, the BIG OLE TEXAS BBQ is being moved to Jamaica. :happy64: :happy64:

That's just our 2 cents worth on the subject. Have fun dreaming all!!

Aunt Gwennie :wave:

[dinardude]

Of course my husband is having visions of grandeur and says it's going to open at $2.65 USD/1 NID.....wishful thinking I feel. But he's entitled to dream big. He says if it hits that big, the BIG OLE TEXAS BBQ is being moved to Jamaica. :happy64: :happy64:

If it goes that high count me in...I'm all about BBQing in Jamaica :happy64:

[kelleyB]

HECK I WILL BRING THE LOTION, THE DESERT AND THE BOAT WITH THE DIVING BOARD

If it opens that big of course... dang... That is a lot of money.

[dinardude]

All we need next is Jeffrey's friends mom so we can have a place to land our helicopter.... :happy64:

[Psycho for Dinar]

Psycho-
DId you mean you are shooting for 1 IQD/.55 US??? You put it the other way around, making it worth almost 2$. That would great... but is absurd to put expectations like that on the investment. It is much better to guess low and be suprised by getting more, then to expect the best and be disapointed by the outcome!

Based on the region, thats what my expectations are! As far as a disapointment, that will only happen if people see the stuff stacked on the toilet tank! :lmao:

[toemaas]

Should Iraq peg their currency... one obvious would be OIL... 40 to 45 cents.
And what do you use to buy and sell oil...? The almighty DOLLAR... 33 cents.
My opening bid... 73 to 78 cents :shhh:

[kelleyB]

Dang Toemass. Now that is a gutsy guesstimate... Sure hope your right on it. Can you just imagine? ommmmmmmmm must meditate on that. ;)

[Sgt. REMF]

From Najaf, my sources-.03 to .08 cents on the dollar. Al-Hilla, .05 to .12 cents. Al-Kut, .05 to .10 cents and Scania- 10 to 20 cents on the dollar. I've been on the road for awhile and there's a lot of opinions out there with the locals. Realistically I speculate that a dinar will open at 2 to 8 cents on the dollar till the economy takes off. From what i've seen in Najaf there may be hope after all. Who knows???????? From what I see firsthand over here anything over 20 cents on the dollar opening bid on the dinar won't happen. Just my opinion........

[the_hulk]

From Najaf, my sources-.03 to .08 cents on the dollar. Al-Hilla, .05 to .12 cents. Al-Kut, .05 to .10 cents and Scania- 10 to 20 cents on the dollar. I've been on the road for awhile and there's a lot of opinions out there with the locals. Realistically I speculate that a dinar will open at 2 to 8 cents on the dollar till the economy takes off. From what i've seen in Najaf there may be hope after all. Who knows???????? From what I see firsthand over here anything over 20 cents on the dollar opening bid on the dinar won't happen. Just my opinion........
sorry but did you mean .03 cents or dollars?

[BRYAN]

From Najaf, my sources-.03 to .08 cents on the dollar. Al-Hilla, .05 to .12 cents. Al-Kut, .05 to .10 cents and Scania- 10 to 20 cents on the dollar. I've been on the road for awhile and there's a lot of opinions out there with the locals. Realistically I speculate that a dinar will open at 2 to 8 cents on the dollar till the economy takes off. From what i've seen in Najaf there may be hope after all. Who knows???????? From what I see firsthand over here anything over 20 cents on the dollar opening bid on the dinar won't happen. Just my opinion........

That would be ok for alot of us if It opened at a nickel . I agree the events that took place in Najaf Are Very promising and that atleast the insurgants listen to some type of reason and maybe they can try to live in harmony with the changes that this new country is going thru ....
I have to say sgt. hope it is above a penny , How does the Iraqi people feel when they speculate that the dinar may open lower than when saddam was around ?? I would suppose that they are alittle mad ??

[PennStateMtnMan]

Jeffery, you know as well as me that it will not open up at $1. If it does however. I will buy you a bottle of Krystal. ;) Have to cover my bases on this. You never know.

I have to edit to add that I just noticed that this post made 371. Which is good luck for me, cuz it is my birth month and year. March 71. See. Yah I know "She is crazy" well :drunk: on you.


Hey Kelley, what day were you born in March of 1971? I was born on the 9th. Anyhow, I believe it will open up between .31 - .55. If it hits at .55, you all are invited to mine and MtnWmn's brand new built house on our 50 acres of ground. We will have a pig roast. Oh heck, we can make it a lobster roast.

Plus, she and I have discussed taken a nice vacation to Jamaica. I would love to climb Dunns River Falls with her.

[Aunt Gwennie]

Hey Kelley, what day were you born in March of 1971? I was born on the 9th. Anyhow, I believe it will open up between .31 - .55. If it hits at .55, you all are invited to mine and MtnWmn's brand new built house on our 50 acres of ground. We will have a pig roast. Oh heck, we can make it a lobster roast.

Plus, she and I have discussed taken a nice vacation to Jamaica. I would love to climb Dunns River Falls with her.

Well that'll work and you can join us for our BIG OLE TEXAS BBQ in Jamaica!! Come on Dinars!! Aunt Gwennie :happy64: :happy64:

[kelleyB]

Hey Kelley, what day were you born in March of 1971? I was born on the 9th.
HA HA I AM OLDER BY 3 DAYs. March 6th 1971 ;)

[ROB5891]

as someone else said, i think we should all be happy if the dinar opens at 1000/1dollar. give it 5 years and it might be at .10. then we will all be happy!!! as antiquesghaith says, dont think of this asa lottery ticket. this investment takes time. i personally will be extremely happy if it ever ends up at a dime.

[Sgt. REMF]

BRYAN, i'm speaking realistically. The locals I interact with are decent businessmen/workers for the coalition. They're not happy with speculation on their currency but they know in time their country will eventually prosper. The people I deal with are very wealthy for Iraqi standards due to the fact that they have the ability to trade/work with the americans. My contact in Najaf treats me well. We eat lunch/dinner together and discuss some in- depth topics when i'm there on convoy. He was oppressed during the Saddam regime and very poor. The americans have made him quite wealthy due to the fact that he could read and write english. Most of the people that vend/contract with the americans are very wealthy overall from what i've seen. The dinar won't open like it closed at 31 cents to the dollar due to the fact that the economy won't be stable enough within a year. But hey- anything over a penny will make me rich for what I have invested!

[Jamel]

I say between .33 to .43. Anything would be great, but I think this is going to be a good investment.

[Just_Sayin]

Gang -

Here's my completely uneducated list of things that need to happen to get the dinar up to those "cashout levels" we're all hoping for.

OPENING
IMHO, I think that on the first day of Forex trading, the NID will open at the same price as auction close on the previous day, or around 1460 NID/$1. However, it will quickly rise, as all the speculators, corporations doing business in Iraq, and international investment banks will drive demand and price up.

Then, the price will level off as price stabilizes against initial demand. Where that will be is anyone's guess - I think anywhere between .10 to .35 cents is probably a good bet. After that, it will rise and fall as Iraq's economy goes through the recovery process, but should gradually trend upward.

At this point, Watch/root for a few things to hapen to promote the dinar's steady increase in value up to those $1 - $3 dollar levels:

1) Security. Iraq needs to get secure from daily/weekly bombs going off. They don't have to be the next Disneyland, but they must have an effective counterterror force that acts as a strong deterrent. Israel isn't totally secure, but they are secure enough to have a decent economy. Oh, and they have to be able to do it themselves. We should stick around and protect them while they develop this capaibility, but eventually they have to defend themselves.

2) Oil Industry. It has to be modernized, productive, and well managed. Watch for them to hit export levels between 50%-75% of their OPEC quotas as a sign this is happening.

3) Banking & Currency. Necessary to support international companies to do business in Iraq. The new currency is a great start. Look for further develpments in the banking industry such as international banks operating in country, a standardized currency (pegged or on a float), and active trading on the Forex. Also, look for the forgiveness of most of Iraq's foreign debt.

Of course, a lot of this depends on a long-term, consistent policy commitment from the U.S. If you're interested in watching the value of your dinars go up, then evaluate the presidential candidates on their merits and VOTE for the one that will follow through on our commitments to Iraq, trusts free market, and will stay until the job is done.

Once these things happen you can sit back, feel the warm Bahamain breeze on your face, and order another Mai Tai because YOU WILL BE FREE! :happy64:

Just_Sayin...

[BRYAN]

BRYAN, i'm speaking realistically. The locals I interact with are decent businessmen/workers for the coalition. They're not happy with speculation on their currency but they know in time their country will eventually prosper. The people I deal with are very wealthy for Iraqi standards due to the fact that they have the ability to trade/work with the americans. My contact in Najaf treats me well. We eat lunch/dinner together and discuss some in- depth topics when i'm there on convoy. He was oppressed during the Saddam regime and very poor. The americans have made him quite wealthy due to the fact that he could read and write english. Most of the people that vend/contract with the americans are very wealthy overall from what i've seen. The dinar won't open like it closed at 31 cents to the dollar due to the fact that the economy won't be stable enough within a year. But hey- anything over a penny will make me rich for what I have invested!
Sarg could you ask him if heard any new laws for the Isx for foreign traders to be allowed to trade .??
and by they way if I din't say it before . I'm proud and glad there are good , brave fighting soilders as yourself that really dosen't agree 100% with Bush . but will still do his duty ..everyone applauds .... :happy64: Very respectfull and you and your freinds have my 110 % support . Be safe and good job and THANK YOU Sarg. :happy64: My son will remember these events in Iraq and hope it will be a better outcome than what I had to see when I was a child in the early 70's....

[RET]

Plus, she and I have discussed taken a nice vacation to Jamaica. I would love to climb Dunns River Falls with her.

Dunns River Falls is awesome. Must wear water shoes, though. Beautiful scenery everywhere! Lots of cruise ships port there.

Jamaicans will do anything to get your money! They want to drive you in their taxis - but some are VERY expensive. We were told to only take the cabs with red license plates. I was a nervous Nellie riding in our taxi . . . he and everyone else drove fast and constantly honked, whether he said "Hello", "Hurry up", "Get outta my way" , etc.

Had a woman who wanted to take my picture on her decorated donkey. She picked me up and threw me on top of it. I was amazed by her strength and shocked that she did it! When I got down, she hugged me real tight so my laughing husband could take my picture with her. She grinned a big toothless grin and held me even tighter to her . . . coconut breasts. Oh, did I say "her"? It was actually a "he" dressed as a woman! I couldn't believe it! :lmao: Before we were able to leave her/him, she/he demanded $10 USD!

Got to see the house where "James Bond" stayed in DR. NO. Scenery is incredible because it's on top of a mtn. Shopping is awesome! Saw 4 carat diamond bracelets for $600-$800!

Fun place to visit, but the place to stay is Grand Cayman Island! Fabulous!

I know it's off the subject, but when I saw PennStateMtnMan's post, I had to share my two cents!

OK, back to our regularly scheduled program. . .

[Dinars2Dollars]

I hope all the guesses between .01 and above are correct - and I think all this speculation buying should act like a sling-shot for the Dinar valuation, just like the current oil situation, and the late '90's dot com thing - unless the CBI is doing something to counter act all this demand. They must be rolling in US Dollars right now. I would like to see a statistic/number released from the CBI that shows the amount of investment in their currency. I won't believe these rumors until I see it.

In the event it does open at .01 or above, I say Cayman Isands because it is still the Caribbean and they have those really cool independent banks! :rolleye03 , and no vagrants with coconut breasts begging for you to buy something or give you money.

[Dinars2Dollars]

They must be rolling in US Dollars right now

And that's the part that concerns me. While we're here hoping for a big pop to the valuation holding Iraqi Dinars, they (CBI) are sitting on the opposite side of the fence, holding US Dollars, and would be XX% worse off if it opened or grew to a high valuation. I can't figure it out completely, but my gut says that would be bad for the Iraq economy. Maybe with all the truckloads of US cash that we pump into the Iraq economy, Uncle Sam will bank roll this difference, which in turn should hurt the value of the US dollar, or cause inflation with an elevated money supply (M1 or M2?). Any economists out there with a clue if this is flawed logic?

[FAST1]

As you could guess-I am no economist but I think you asked a very good question regarding a big open. I think it has to do with the peg(basket etc). Remember that besides cash, there is gold there(know one really knows if its enough) as well as oil, gas etc. The US dollar can stand some strain but how much??

[bryanhenry]

Ont he poll there should be a choice .01 - .10 and .10 - .31 .... im guessing .05

[kelleyB]

Ewww Oct 15? That is my exboyfriends birthday too. I will pass on that one. I still say Sep :D

[Psycho for Dinar]

I think a little bit higher, Gotta go .15 on this one. and the Exact Date is .....

October 15th is Dinar_Time : The Beginning of Ramadan.
Without Question or Hesitation.

Inside source or is that one from the gut?

[BRYAN]

I think a little bit higher, Gotta go .15 on this one. and the Exact Date is .....

October 15th is Dinar_Time : The Beginning of Ramadan.
Without Question or Hesitation.
Good point I din't think about that !!
When does Ramadan end ??? :rolleye03

[kelleyB]

I believe it last 30 days.

I believe from what I found that it starts

16 OCT to 14 NOV

For this year that is. Next year it starts 06 OCT

[kelleyB]

Truthfully, I don't think anything will happen during that time frame. Business are closed from sun up to sun down. So count that time out IMO

[ISX_TIME]

Truthfully, I don't think anything will happen during that time frame. Business are closed from sun up to sun down. So count that time out IMO

More money is spent in the MidEast in that one month then many of non Muslim holidays combined. It only makes sense to me with such a most reverned holiday time for Muslims would also mean an anxiousely awaited prosperity. Of course bringing value to the Dinar then would make politcal heros.

Just a "GUT' Feelin

[fms]

and the Exact Date is .....

October 15th is Dinar_Time : The Beginning of Ramadan.
Without Question or Hesitation.[/QUOTE]

You may be right on this. Two weeks before the Presidential election...hmmmm

[kelleyB]

Oh yeah.. THE CARRIBEAN... hubby and I want a little hut there. A place to call our own. ;)

[highrollr19]

that would be nice

[Jen39503]

I've been sitting on my hands not wanting to post what i think...because i'm still hearing rumors coming out of Iraq.
My guess? October 16th at .43 cents. (however you write that).
Now i have to run for cover before the flying vegetables start. :D
Jen

[highrollr19]

Let's make it countdown to October 14th!!!! That is my birthday!!! SO I will be counting down anyways... so lets countdown to the dinar for the same day!

[kelleyB]

I've been sitting on my hands not wanting to post what i think...because i'm still hearing rumors coming out of Iraq.
My guess? October 16th at .43 cents. (however you write that).
Now i have to run for cover before the flying vegetables start. :D
JenPOOR JEN

*reaching in frig*

No one would through food at you

*grabbing Tomatoes, Peppers, Mushrooms, Zucchini*

Honestly :D

*Starts....
















To make dinner* ;)

[highrollr19]

hey... I liked the last rumor that she told us. I don't mind hearing them. It is more inside info than what I am getting, so I like it. I am skeptical by nature... but it is still fun to have a date to look forward too.

[Jen39503]

To quote the great Sgt Schultz from Hogan's Heroes

"I know NOTHING, I see NOTHING..." - Sgt. Schultz
http://www.click-smilies.de/sammlung0304/aktion/action-smiley-060.gif

[highrollr19]

how about I just throw fuit instead of the traditional veggies??? IS that cool Jen? :p

[Jamel]

I've been sitting on my hands not wanting to post what i think...because i'm still hearing rumors coming out of Iraq.
My guess? October 16th at .43 cents. (however you write that).
Now i have to run for cover before the flying vegetables start. :D
Jen

Thank you jen. I heard almost the same thing you did from my source. It sure would be nice. I would move to a deluxe amsterdam ranch. :D

[kelleyB]

http://forum.skadi.net/images/smilies/pantheon_europa/rofl0001.gifPoor Poor Jen, now the fruit comes in :no:

[kelleyB]

I would be running like a bunny to the bank if it opened at that. Gee I wish.

http://forum.skadi.net/images/smilies/pantheon_europa/bunny100.gif

[ROB5891]

should i start the new countdown?!!!joking i must say that it was a pretty popular thread

[Jen39503]

You gotta catch me first!! :D



http://www.click-smilies.de/sammlung0304/auto/car-smiley-003.gif

[kelleyB]

You better drive fast JEN, I am on my way.... :lmao:

http://forum.skadi.net/images/smilies/foolshouse/fhhorse.gif

[Dinars2Dollars]

OK I love rumors too - especially the ones that say we're rich. Help me out with the conversion. Which is it: $1 USD = .43 dinars or 1 Dinar = $0.43 USD??

For it to be the former, then 1 Dinar would be worth $2.32 USD. Going from a value of 1460 to .43 would be a 3,395% increase in one day. Holy smokes.

For it to be the latter, 1 Dinar is worth $0.43 cents or 1 USD = 2.32 Dinars (from 1460), then the increase is not as much; only a modest 629% increase in valuation.

And if either scenario were to happen overnight, say on Oct 16th, who would be the loser when we all win. Would it be the US Gov't or the Iraqi Gov't?, or neither? I'm confused.

[kelleyB]

Help me out with the conversion. Which is it: ...1 Dinar = $0.43 USD??
This is what I do. I take what I have... say 1mil NID and x's it by what we all hope it to open at .30 US Cents. Remember we can buy 1mil because it is soooo cheap meaning our money is worth a lot more. .00068 of an american cent equals 1NID Ok I might be confusing you more. Sorry. lol

[Dinars2Dollars]

This is what I do. I take what I have... say 1mil NID and x's it by what we all hope it to open at .30 US Cents.

I think I get it. 1 million NID would be worth $300,000 USD.

Here's where I am confused --- If I go to Bank of America after it opens on the FOREX and exchange my 1 million NID for $300,000 USD's, they turn around and send them back to Central Bank of Iraq (eventually), who needs to pay in $300,000 USD for the final exchange to some bank in the USA. Do they eventually run out of USD money? or will the US Gov't bank roll the difference? Eventually CBI needs dollars or euros or whatever to honor the new value of their money -- to get their money back into Iraqi circulation. Does that make any sense?

Maybe they just use their new found high value currency to buy USD to keep on reserve for exchanges. :confused:

[RogerL]

I'd like to point out that this identical poll question has already been asked. I haven't taken a look at the result of this one yet, but it'd be interesting to see the differences between the two.

Here's the original poll question:

Original Poll Thread (http://www.investorsiraq.com/showthread.php?t=181)

[kelleyB]

Ok now if I were to say anything on this I would be out of my league. I myself do not know. Keep this question. I am sure that if not tonight, sometime tomorrow the answer will be here. I was going to give you my opinion, but then I read it and laughed. FORGET IT... I will leave this to the more business savvy folk.

As far as the conversion, you are right. 1mil = 300k at .30cents

[RogerL]

I've been sitting on my hands not wanting to post what i think...because i'm still hearing rumors coming out of Iraq.
My guess? October 16th at .43 cents. (however you write that).
Now i have to run for cover before the flying vegetables start. :D
Jen I really hope you mean $0.43/dinar and not $0.0043/dinar, which is literally what .43 cents is. I chose $0.20/dinar, but since there was no option for that, I chose $0.31/dinar, which is the closest to my figure.

I hope you don't take offense at the question. I'd hate to be getting my hopes up only to find out someone meant 1/100 of the value I thought it would be.

[lasagnabro]

I'm hoping for what I read in the Asian times business section, quoted by the infamous 'anonymous', .42 cents! go baby go! :happy26:

[Dinars2Dollars]

OK - from what I have been reading about "velocity" and "money supply" and "reserves", and the effects of all three on "inflation", I think if/when the NID opens at a substantially higher level, the CBI will need to pull out a large percent of the currency from circulation. Otherwise inflation will occur as it will have the "same effect" as printing more bills and pumping them into the economy at current valuations. Then when they pull out the currency it becomes more scarce, and the supply curve shifts, generating a higher market value for the currency. They will then have the ability to buy USD or EUROs or whatever at high exchange values to fund the exchange rush. I'm starting to feel better about this, but I don't like talking to myself. Again I think the key ingredient to this .31 or .43 opening will be a large reduction in money supply to hold off inflation. Any one out there with a thought on this subject?

[Just_Sayin]

DinarsToDollars,

I'm glad someone has finally bothered to dust off those Macroeconomic textbooks! Thanks for that! I'm fascinated by the scenario you've described. I have a question about your example....

My grasp of inflation is very rudimentary, but this is my understanding: inflation is the increase in price of consumer goods due to a decrease in value of the money supply. For instance, when interest rates are low, borrowing money is cheaper, so more loans are made and the supply of the money supply increases, thus causing the value of the money supply to decrease. Then, a loaf of bread that used to cost a buck now costs 1.50.

If this is true (and believe me, I'm no economist), then why, in your scenario, would the CBI need to reduce the money supply after it opens on the world market at a higher (not lower) value? If the money supply has a sudden increase in value, isn't there LESS danger of inflation, not more?

It sounds like you've done some reading - please help us understand, oh great one! :)

Just_Sayin....

[the_hulk]

I don't know if this article has already been posted but here it is anyway:
http://216.239.39.104/search?q=cache:bZn0UmnGVQ8J:www.iraq-today.com/article.php%3Fid%3D1109+iraqi+dinar+economists&hl=en
Note the quote by the Central Bank governor in the last paragraph.

[Jen39503]

I really hope you mean $0.43/dinar and not $0.0043/dinar, which is literally what .43 cents is. I chose $0.20/dinar, but since there was no option for that, I chose $0.31/dinar, which is the closest to my figure.

I hope you don't take offense at the question. I'd hate to be getting my hopes up only to find out someone meant 1/100 of the value I thought it would be.

Well, Roger, I really dont know.
When my husband calls me and says "Heider said that the dinar is scheduled to open on 10/16 at 43 cents.." i can only take that for what my husband told me.
I'm not there to pick apart Heiders brain to find out what exactly hes trying to say.
How is what i posted ".43 cents" any different than the way its listed in the poll?
I stress, please do NOT get your hopes up based on rumors out of Iraq. I've been through the wringer once, i dont want to go there again. Its just now safe for me to come out of hiding http://forum.skadi.net/images/smilies/skadi_forum/worm0000.gif

[ISX_TIME]

Well, Roger, I really dont know.
When my husband calls me and says "Heider said that the dinar is scheduled to open on 10/16 at 43 cents.." i can only take that for what my husband told me.
I'm not there to pick apart Heiders brain to find out what exactly hes trying to say.
How is what i posted ".43 cents" any different than the way its listed in the poll?
I stress, please do NOT get your hopes up based on rumors out of Iraq. I've been through the wringer once, i dont want to go there again. Its just now safe for me to come out of hiding http://forum.skadi.net/images/smilies/skadi_forum/worm0000.gif

The Bottom Line is "SOMEBODY KNOWS" , They all can't be rumors, someone is telling us the Truth

[inbiz1999]

I think .1 to .10 is more realistic. I just hope it breaks a penny. :rolleye03

[Psycho for Dinar]

Wouldn't that make for one hell of a Halloween party! :happy64:

[Dinars2Dollars]

My grasp of inflation is very rudimentary, but this is my understanding: inflation is the increase in price of consumer goods due to a decrease in value of the money supply. For instance, when interest rates are low, borrowing money is cheaper, so more loans are made and the supply of the money supply increases, thus causing the value of the money supply to decrease. Then, a loaf of bread that used to cost a buck now costs 1.50.

If this is true (and believe me, I'm no economist), then why, in your scenario, would the CBI need to reduce the money supply after it opens on the world market at a higher (not lower) value? If the money supply has a sudden increase in value, isn't there LESS danger of inflation, not more?

Inflation will happen when you flood the economy with money - example would be when a gov't prints more and more money for the banks to loan out makes people feel like there are doing well. This is what Saddam did. It waters down the value of the currency. Neede more? , just print more. Counterfeit bills would do the same thing. The extreme example would be if the US Gov't printed $100 Trillion dollars and and gave it away so that every American was a millionaire. The value of each dollar would be seriously dilluted and the price of goods & services would skyrocket. I understand it better than I can explain it. This is what Greenspan does so well. Not only does he manage interest rates but he also adds & takes away money supply to help curb inflation.

[Aunt Gwennie]

Hello all!!

Let me begin by saying...I am not throwing fruits and vegetables at Jen or anyone else. I am not bashing anyone either. That said....I was wondering what the sources in Iraq.... who are saying when the dinar will open and for how much....say about why it did not open in August at the price that was predicted then.

I am by no means casting any doubt whatsoever on Jen or anyone else here!! I am just curious about what the sources' explanations are. Jen and others who have sources saying the same thing...is that a question that could be relayed to your sources? What were the factors that kept it from opening in August? The Najaf uprising? Sabotaging pipelines?

Obviously since there were so many sources saying the same thing in different parts of Iraq....there was some truth to the information in August....but something happened that effected in not opening then. Just wondering what those factors were. So now consistent information is coming out again in different parts of Iraq with similar dates and figures. Again, I am wondering what factors are contributing to the October opening date and the .43 figure.

Thanks for you input...and keep the information, heresay, rumors...whatever you want to call it....coming!! Thanks for hearing me out.

Aunt Gwennie :huge:

[Dinars2Dollars]

I got an email response from Ghaith who said he heard the same thing -- Mid October coinciding with Ramadan - opening at a higher value. I didn't ask about the value, just the date.

[Psycho for Dinar]

OK I love rumors too - especially the ones that say we're rich. Help me out with the conversion. Which is it: $1 USD = .43 dinars or 1 Dinar = $0.43 USD??

For it to be the former, then 1 Dinar would be worth $2.32 USD. Going from a value of 1460 to .43 would be a 3,395% increase in one day. Holy smokes.

For it to be the latter, 1 Dinar is worth $0.43 cents or 1 USD = 2.32 Dinars (from 1460), then the increase is not as much; only a modest 629% increase in valuation.

And if either scenario were to happen overnight, say on Oct 16th, who would be the loser when we all win. Would it be the US Gov't or the Iraqi Gov't?, or neither? I'm confused.

All winners! US government would be getting moocho tax dollars, the Iraqi government would be dealing with allot less insurgence if the people were more content with their standard of living. US Banks? Happy as a clam. They made revenues on the transactions from us. Iraqi banks? Also happy...doesnt' matter which side that the .43 was to fall on, forex traders would be buying just as fast as we could sell.

[bryanhenry]

Sounds like a win win situation for all of us

[King Dinar]

I've been sitting on my hands not wanting to post what i think...because i'm still hearing rumors coming out of Iraq.
My guess? October 16th at .43 cents. (however you write that).
Now i have to run for cover before the flying vegetables start. :D
Jen
Duck! (As a Tomato Approaches)

[mikexx]

It would be great if it opens at .43 you could all come and party in the Italian villa that I would buy



:lmao:

[bryanhenry]

mike I'm gonna hold you to that offer

[Aunt Gwennie]

I got an email response from Ghaith who said he heard the same thing -- Mid October coinciding with Ramadan - opening at a higher value. I didn't ask about the value, just the date.

This is really good news! In August neither Gaith nor Amer were committing anything to the rumor that it was going to open in August. Now Gaith is committing to hearing the same thing....mid October and opening at a higher value!! Dinars2Dollars......See if he will clarify what value he is hearing!

Thanks!!! Aunt Gwennie :huge:

[Uno]

Hmmm...another rumor/prediction....
The August rumors/prediction prompted me to purchase another 2 mil... :o
I'll probably fall prey once again and buy more because the thought of losing out worked on me once...why not again... :drunk:

Not to worry though, I only use funds designated for "toys"...
(My last 2 mil was originally going to be my new high speed gaming machine...)

So...keep the rumors/predictions coming, my wife says I don't need a new computer!!! :no: :)

[RET]

I find this interesting . . . since I've heard the same thing from two totally sources: mid-October and .43!

I can't even allow myself to think about this!!! :happy64:

[kelleyB]

I don't wanna get my hopes up... OK I do. But I don't... Man the conflicts start.


http://forum.skadi.net/images/smilies/foolshouse/ffencing.gif

[jeffreyspears]

My hopes are already up! I can honestly say that I have not put anymore money into this than I can afford, however, I am trying to save more money for more dinars. Keep up the informative posts, they are all that I have to spend my time on since I am not dating as much anymore. Got to save money. :happy64:

[mikexx]

This thread is making me excited and these are only rumors

:happy26:

[Jen39503]

Duck! (As a Tomato Approaches)


Hey, you, yeah you, the one throwing maters.....you're gonna havta throw harder than that http://forum.skadi.net/images/smilies/pantheon_europa/sprint00.gif

[jeffreyspears]

I agree, very excited. How does everyone like my new avatar. This will be one of my first purchases if the dinar comes out more than .30 cents to the dollar. :happy64: I have a few other things in mind if it comes out at .10 or less. :cool:

[jeffreyspears]

Don't look now Jen, I think I see watermellons!

[jeffreyspears]

Hey Jen, where did you get that smiley face that runs off the page? :wave:

[Jen39503]

Hey Jen, where did you get that smiley face that runs off the page? :wave:

http://forum.skadi.net//misc.php?styleid=32

watermelons....oh NOOOOO http://forum.skadi.net/images/smilies/pantheon_europa/sofa0000.gif

[DinarBabydoll]

100 NID = 1 USD is my guess.

[Psycho for Dinar]

I find this interesting . . . since I've heard the same thing from two totally sources: mid-October and .43!

I can't even allow myself to think about this!!! :happy64:


Is that 1USD:.43 IQD or .43USD: 1 IQD. I recall a post stating that a Kuwaiti banker said it would open at a rate close to Kuwaits........this was a "Stalyn" post. It would make sense, a little higher than Jordons but not as much as Kuwait.......gives room for "forex" speculators to invest when we cash out. :D

[RET]

Is that 1USD:.43 IQD or .43USD: 1 IQD. I recall a post stating that a Kuwaiti banker said it would open at a rate close to Kuwaits........this was a "Stalyn" post. It would make sense, a little higher than Jordons but not as much as Kuwait.......gives room for "forex" speculators to invest when we cash out. :D

They both just said "43 cents". I'll see what I can find out. I remember the post you are talking about.

[Psycho for Dinar]

They both just said "43 cents". I'll see what I can find out. I remember the post you are talking about.



A little blast from the past................


Stalyn
Dinar Amateur Join Date: Jul 2004
Location: Kuwait City, Kuwait
Posts: 37


Only Specualtion

--------------------------------------------------------------------------------

Believe me, this is the word from a banker. That doesn't mean that is what is going to happen. yes I do have my facts straight $1= .2950. The is a decimal before the 2. I believe minigirl posted the FX, but that is the rate we are getting in country. It's about $3.39 for 1 KD.

[RogerL]

Well, Roger, I really dont know.
When my husband calls me and says "Heider said that the dinar is scheduled to open on 10/16 at 43 cents.." i can only take that for what my husband told me.
I'm not there to pick apart Heiders brain to find out what exactly hes trying to say.
How is what i posted ".43 cents" any different than the way its listed in the poll?
I stress, please do NOT get your hopes up based on rumors out of Iraq. I've been through the wringer once, i dont want to go there again. Its just now safe for me to come out of hiding http://forum.skadi.net/images/smilies/skadi_forum/worm0000.gif Hi Jen. I think I was misunderstanding your reply from before. My question didn't have to do with the rumor itself, but with the decimal point. If I read you right, you are saying, "forty-three cents," and not "forty-three one-hundredths of a cent."

.43 cents is 1/100'ths the value of 43 cents.

I hope I'm making sense. And you're right. The poll question should be listing the amounts without the decimal point.

Keep the rumors coming. :) And no, I'm not banking on what you say as gospel and don't treat it as any more than a rumor, as you very clearly indicated. Don't worry about me. I will never insult anyone for publishing a rumor, nor will I give anyone a hard time for it. I just wanted a clarification on the amount you were trying to express. Thanks. :)

[the_hulk]

Lately there's been a lot of discussion about what the prewar exchange rate really was, and the consensus seems to be that the market rate (what really matters) was around 2000 dinar/USD. With that in mind, do people really think this .31 number everyone's throwing around has ANY significance at all in determining what the Dinar will open at? I'm not trying to be a pessimist, and I'm still hoping for a high opening, but I think we need to be realisitic about what we expect the rate to be the day it opens on the world market.

[Iraqi Al Yahud]

Maybe George W will back the dinar, dollar for dinar :lmao:

[jeffreyspears]

hey Jen, http://forum.skadi.net/images/smilies/foolshouse/ftomato.gif


Ha Ha I got ya!

[jeffreyspears]

I couldn't find any watermellons. Sorry. :lmao:

[BRYAN]

Maybe George W will back the dinar, dollar for dinar :lmao:
That would be great if that happened , I would like to see him for another 4 years .

[Jen39503]

Hi Jen. I think I was misunderstanding your reply from before. My question didn't have to do with the rumor itself, but with the decimal point. If I read you right, you are saying, "forty-three cents," and not "forty-three one-hundredths of a cent."
:)


Roger, Yes, :D forty-three cents....sixty seven cents short of a dollar, :lmao: Thanks for your comments after the above quote, i was getting kinda nervous...


Jeffrey..http://forum.skadi.net/images/smilies/pantheon_europa/eusa3000.gif

[joec]

Roger, Yes, :D forty-three cents....sixty seven cents short of a dollar, :lmao: Thanks for your comments after the above quote, i was getting kinda nervous...




Wow...110 cents in a U.S. dollar? Haha :lmao:

[Jen39503]

Thanks Joe, :drunk: okay so i misspelled fifty http://forum.skadi.net/images/smilies/skadi_forum/academic.gif

[cabrio]

Excuse my ignorance, but pls give me the background on what you mean about what the dinar will open at? I thought the CIB was auctioning these already, and the going price was 1460.

Is the 1460 a government fixed rate, that in the near future will change to a market driven exchange rate? Pls advise.

Cabrio :happy26:

[mb55tech]

Excuse my ignorance, but pls give me the background on what you mean about what the dinar will open at? I thought the CIB was auctioning these already, and the going price was 1460.

Is the 1460 a government fixed rate, that in the near future will change to a market driven exchange rate? Pls advise.

Cabrio :happy26:

read more of the forums, there's lots of explainations in there. the rate that is set right now is basically just a artificial rate because the dinar is not traded on the forex yet. that's not saying much i know, but you'll find more answers on the forum here. :wave:

[highrollr19]

Lately there's been a lot of discussion about what the prewar exchange rate really was, and the consensus seems to be that the market rate (what really matters) was around 2000 dinar/USD. With that in mind, do people really think this .31 number everyone's throwing around has ANY significance at all in determining what the Dinar will open at? I'm not trying to be a pessimist, and I'm still hoping for a high opening, but I think we need to be realisitic about what we expect the rate to be the day it opens on the world market.



You hit it right on the head HULK!!! THe prewar level was not 31 cents, and hasn't been so for quite a while. I am not sure where that number has come from, but should be used more of a goal for the currency. The $3.27 that it once was will show the maximum that it would ever go to (and will most definetly never hit that) and the 4000/dollar that it was traded at in November 2003 is probably the lowest it will go. So basically that leaves you a very broad range of where it will start. I would imagine it will start at the 1460, and then the market will take it from there. At that rice the market should drive the value up, but the question is of course.... DRIVE IT U P HOW MUCH?

[THANOS]

so you really think it is going to become sometihng? good "gut" feeling or some first hand knowlage?

[highrollr19]

It will become something eventually... but it won't open at what everyone is hoping for. I could realistically see that 31 cents in 2-5 years... but not a chance in opening there. Once given the chance, the market will drive the value up. I am just anticipating it going on the market so that the appreciation can begin. I would say an opening on the market of between where it is now 1460 and somewhere around 1000/$.

[usajmg93f]

But ain't it fun to dream... I mean just like my hope that my Auburn Tigers will win the National Championship, sure it probably won't happen, but it is an exciting thought.

Josh

[highrollr19]

I understand about the Auburn thing... My team is the OSU cowboys!!! Hey, we are ranked now!!!!

[swiftboatvets4dinar]

I guessing it will open at 1000 dinar to the us dollar but I really hope Im wrong! ;)

[THANOS]

:drunk: #1 Bush and Blair need to be re-elected
#2 We need to keep the egg off our face
#3 Germany is concidering serious debt forgivness
#4 The IRaqi pepole veiw the insergents as hard core radicals looking for power , and mostly foreign fighters.
#5 Coca-cola and Blue JEans ( beat the soviets 1982-1989) Winning of the hearts and minds.
#6 The Iraqi pepole know we want them to have a better life and human rights.
#7 CHINA and INDIA need OIL NOW.
#8 France is always historically on the wrong side of every major issue. ( BY default we win just beacuse the French aren't on our side).
#9 History repets itself ( Kuait).
#10 The United Kindom are the Worlds best impoters of Statesman ship and public servents. They are the best at importing and establishing true civil affairs.
#11 my intell states that Citi Group are heavy into NID.
I think we are in for the ride of our life ( be it a slow one) but a ride none the less. :wave:

[THANOS]

if it hits big im buying the hurricanes a new statdium or an improved Orange Bowl... MY god we are like the best team out there and were playing in the old DOlphins stadium in a rough (but fun) neigborhood.
C_A_N_E_S GOOOOO canes! :happy64:
ACC - BRING IT ON! ( much respect to clemson though)

[THANOS]

agreed Highroller

[Billrock]

Hello,I am a new member and have 1.8 mil in dinar,as for me I guess ya could say that I am a dinaraholic.I just recently checked my dinar after reading some threads about all the counterfeit dinar we know that has been in circulation.It suggested to me that I should check the serial numbers to make sure none matched exactly.Not to say I could have more if some of the same numbered bills would be sent elsewhere and so I would have no other way of knowing not being able to match.Turns out I have {2} 25,000.dinars with the exact serials and {2} 10,000 dinars notes that are identically marked with the serial number.This is a little scary,not knowing how many more that I may have.All my bills are now together so I can"t distinguish where I got any particular ones,so I can"t notify you of that.Please check your notes and see if any others have matching serials on them.Not that we can do anything in regards to it.But I would be curious to know.And clarify to me someone if this is not a relative cause to think I have counterfeit.Every other detail looks the same identical..Great work for the counterfeiter....Thanks..Bill

[bottlebush]

Hello,I am a new member and have 1.8 mil in dinar,as for me I guess ya could say that I am a dinaraholic.I just recently checked my dinar after reading some threads about all the counterfeit dinar we know that has been in circulation.It suggested to me that I should check the serial numbers to make sure none matched exactly.Not to say I could have more if some of the same numbered bills would be sent elsewhere and so I would have no other way of knowing not being able to match.Turns out I have {2} 25,000.dinars with the exact serials and {2} 10,000 dinars notes that are identically marked with the serial number.This is a little scary,not knowing how many more that I may have.All my bills are now together so I can"t distinguish where I got any particular ones,so I can"t notify you of that.Please check your notes and see if any others have matching serials on them.Not that we can do anything in regards to it.But I would be curious to know.And clarify to me someone if this is not a relative cause to think I have counterfeit.Every other detail looks the same identical..Great work for the counterfeiter....Thanks..Bill

Some Arabic #s are quite similar

[Billrock]

Thanks for posting.I do understand that there is a great similarity in a lot of the arabic numbers,but these are very identical {same exact numbers and script on the 4 notes.Under a Magnifier even to be sure.

[highrollr19]

Make sure that the serial numbers are the same. There are a few arabic numerals that appear very similar to those who do not speak arabic. I assume you were having trouble with the symbol similar to a 7.

[Billrock]

Hey,thanks for the post guy.I have heard the arguments on the seven leaning right leaning left.The problem is that the numbers and letters are identical only on the 4 notes iI found 2 25,000 2 10,000 notes.

[bottlebush]

Hey,thanks for the post guy.I have heard the arguments on the seven leaning right leaning left.The problem is that the numbers and letters are identical only on the 4 notes iI found 2 25,000 2 10,000 notes.
There are 3 sevens

[Billrock]

The 25,000 dinar bills that match have 4 sevens each. this is what they look like looking face on.Anyway ya slice it.I guess the question at hand is being identically numbered they would give me the great assumption of being counterfeit.TRUE....Just believe that it is.I would check mine if I were you and others just to establish if any one else has found this to be with there dinar and maybe someone else could find out some info on matching numbers to clarify...thanks Bill .... ok! I see what your talking about 3 similar looking sevens as the graft above is shown. However,these 4 on each notes are identical with identical serials...Thanks,though I appreciate your replies.

[Mo, Spanish Fort]

I agree with RET. Grand Cayman is the place to go. Jamaica can be a wee bit scary if you go off the beaten track. I didn't visit the falls but went on a raft ride, it was very cool but I was glad to get back to the safety of the boat!

I'm guessing the NID will open between 1-5 cents b/4 rising slowly back to around the .33 it was at b/4 the war. I think it'll go up to .75-1.00 but not for quite some time.

I'm curious to know at what price everyone would sell at? My plan is to maybe cash in a tiny bit at .01-.05 cents and quite a bit more at .33 and then hold onto the rest and cash in half the balance at a dollar and wait a few more years in hopes of it reaching a 2-3 dollar mark.

what say you?

[cnbmis]

I'm with Mo... my total accumulation may influence my discipline in this, but percentage-wise, I can see dumping perhaps 10% initially if it's $0.01 - $0.10, then wait and see if $0.30 hits within a year perhaps another 25% - 50%, and then hold out the rest for future fun in reasonable increments.

Chris

(now I just gotta remember that discipline part... oi...)

[Zerep11]

Just a question...What if you cash in 1Mil IQD @an Exch Rate of .30 USD, what would Uncle Sugar's take be? Many Thx... :confused:

[flashpoint]

Just a question...What if you cash in 1Mil IQD @an Exch Rate of .30 USD, what would Uncle Sugar's take be? Many Thx... :confused:

28% if held less than a year.

15% if held a year or longer.

[LakewayDaze!]

1,000,000 X .30 = $300,000.00 (before taxes)

Looks nice doesn't it?? :)

[Zerep11]

Rumor had it @ 43-46%, but those were only guesses...Have A Great Day! :wave:

[dinarcrazy]

Considering where their currency is comming from... Im hoping for $1 FOR 1 ID. :happy64:

[suzanne]

Just a question...What if you cash in 1Mil IQD @an Exch Rate of .30 USD, what would Uncle Sugar's take be? Many Thx... :confused:

Somebody on another thread posted a link to a capital gains tax calculator it is really useful.

http://www.moneychimp.com/features/capgain.htm

Hope this helps,
Suzanne

[BBdentman]

Just a thought, if afgan is at .02 surley IQD will be higher than that. :wave:

[lordrazor1]

Just a thought, if afgan is at .02 surley IQD will be higher than that. :wave:


As far as Afgan goes, .02 isn't bad, considering they don't have a strong economic system. The only thing they have a high export in is poppies and that is illegal to use as trade. So it doesn't offer as much as Iraq. Iraq's number one export would be oil of course, but they also had other economic trades, such as dates. I believe they were the number one producer of dates. This is something that they are working on also to regain, so yes the IQD should be higher.

[dinarcrazy]

Yea Afghanistan is at .023 cents so one million = 23,000 USD. And you could buy a million afghan dinar for less than 500 USD. And besides opium and discount hotels for terrorist what does afghanistan have? Iraq can and will do so much more.

[Zerep11]

I will go to the site you sent. Interesting thing at work today...I have co-workers that are all into buying IQDs, not to mention friends of mine that have come back from the Big Sandbox (Iraq) that are loaded as well. Thought I would share this with everyone. My sincere opinion? "We're Into Money...Ta-da-dadada..." :happy64:

[Stash]

hummm..

More than half thought it would open below a penny.

With over 50 votes I will now take that possibility more seriously than in the past.

[thmgroup]

Okay. I must confess...this is a self-serving post! :o

I've reopened the poll so we can vote again based on the information we've been discussing the past several days. Here it is...

http://www.investorsiraq.com/showthread.php?t=7603

[botso]

:drunk: #1 Bush and Blair need to be re-elected

Without a repeal of the 22nd Amendment to the US Constitution, Bush cannot be elected to a third term.

http://caselaw.lp.findlaw.com/data/constitution/amendment22/

My guess is .30-43.

[kamoda28]

I believe when Iraq achieves stability the Dinar will peg at 1465 and possibly trade within a narrow band against a basket of currencies.I think maybe we can take a lesson from the chinese yuan even though its apples and oranges.When People's Bank of China revalued their currency it only gained half a US penny!Even though the yuan only increased half a penny it will have major effects on the economy,good and bad.Just take a look at this article=
http://www.time.com/time/asia/magazine/article/0,13673,501050801-1086198,00.html?cnn=yes

Imagine if Iraq gained 30 or 40 cents!Also I think it is interesting to note the the Yuan was announced on People's Bank of China website.I think Central Bank of Iraq would also make a decision/announcement with outside advice of course.I don't think it will happen until there is stronger demand for the Dinar.Also,some compare Iraqi Dinar to Afghan currency,I REALLY HOPE THIS IS NOT THE CASE!Afghans value NEVER changed,they simply lopped of zeros.
But I do believe the value of the Dinar will increase over time,how fast,I'm not sure and I don't think anyone is.

[polojoe12]

my guess would be 1400 to one usd, if the iraqis are trying to have a stable currency people will trust and invest in, they arnt going to make the value jump thousands of percent, its not in their interest to make people rich, they are trying to develope a country. so given that much, i think it will be 1400 to one then maybe every six months it will jump up 50 dinar or something simular.

[Dinar Is Served!]

This is just my feeling on the subject of the value of the dinar.

For the Iraqi people to feel that all this devastation and blood shed was worth the sacrifice, I think the dinar has to at least open at what it was when Saddam was run out of town.(or maybe a little higher) Otherwise if it opens below $.31 USD to 1 NID, this will say to the people that even as bad as everything was under Saddam at least their money was worth more under his rule.

Of course my husband is having visions of grandeur and says it's going to open at $2.65 USD/1 NID.....wishful thinking I feel. But he's entitled to dream big. He says if it hits that big, the BIG OLE TEXAS BBQ is being moved to Jamaica. :happy64: :happy64:

That's just our 2 cents worth on the subject. Have fun dreaming all!!

Aunt Gwennie :wave:

I'm with you Aunt Gwennie...2.65:1 :happy64:
I'll take that as a fact and when people ask i'll tell them that my very credible source is Aunt Gwennie.