12-31-2012: Iraqi Dinar Guru guesses!!!
12-31-2012 Intel Guru TerryK i know of a group that placed a 1,000,000 usd for dinar order yesterday that’s over 1 billion in dinar, so what does that tell u. these investment guys must know something. i guess treat that as rumor as always but hearing gotta happen before the 1st.
12-30-2012 Newshound Guru Kaperoni Question: [do you think there is any possibility that the US has a say in this? That they would try to delay this until the increase in the capital gains tax is implemented?] Well I will say this, I know the US govt wanted to push this forward last summer because there were two articles that came out. One from the US embassy, that a high level person from the US embassy wanted the CBI to move forward with changing the value of the currency and introducing the new notes. That was last summer so to say they would be against it or not wanting it is wrong. And secondly in April, when the SIGR, which is an independent organization that was put together to monitor Iraq, released a report to the US Congress that Iraq was about to change the value of their currency and there was nobody at that point who was saying anything either. The only person at that point who said anything was Maliki, he said, “no, I don’t want to do this.”
12-30-2012 Intel Guru BOBGETZ6 Per my frozen friend…There was a big meeting in Iraq today with a lot of key people. There was a lot of hugging, smiling and back slapping. It all appears to be good. I have nothing more. It appears to be very encouraging.
12-30-2012 Newshound Guru SWFloridaGuy None of this points to a definitive or required, new IQD rate. In fact, they don’t have to meet their budget at all and have survived for years with the IQD at a tenth of a cent. If necessary, Parliament could always adopt a supplementary budget. The RV rate is not going to be advertised liked that and no matter how hard we look for it we’re not going to find it in plain site in budget numbers. I am always surprised to see people scoff at a 100,000% revaluation as a “small RV.” Makes no sense to me. I will be happy with any new rate that moves in a positive direction.
12-30-2012 Newshound Guru SWFloridaGuy I believe a RV is coming but not due to numbers referenced in their budget. Iraq does not need to RV to open the budget as some claim. Budget increases are partially due to Increased oil revenues that have allowed Iraq to add around $9 billion to its 2012 budget. Iraq has earned $45.3 billion from oil sales and the 2012 oil revenues are expected to exceed last year’s which were $82.9 billion.