6-20-2012: IRAQI DINAR GURU GUESSES!!!
6-20-2012 SWFloridaGuy In reference to that negative article from Forbes yesterday: It’s funny we see these reporters do their little fluff pieces on the IQD and 99% of the time they seem completely uninformed as to Iraq’s political and economic situation. They don’t appear to put much effort into their research which is fraught with ambiguity and they rarely present a reasonable theorem that supports their doubt. Maybe these reports are released for the sole purpose of quelling the amount hype and attention this investment has received. Just like the banks have been hounded with questions, I’m sure they have also.
6-20-2012 Intel Guru Bluwolf EUROPE IMO TOLD THE U.S. TO BE SILENT FOR THEY ARE IN THIS MESS BECAUSE OF THEM AND THAT BEING SO THEY HAVE NO POWER IN TELLING THEM OR GIVING THEM ANY TYPE OF ECONOMIC SOLUTION TO THIS WORLD CRISIS. SO WITH THAT SAID I PERSONALLY DO NOT SEE ANYTHING BETWEEN THESE MEETINGS [G20 MEETING] AND THE INTERNATIONAL RELEASE OF THE WORLD CURRENCIES.
6-20-2012 BGG the NA blabbering on and on about fully implenting the Erbil agreement brings up two very important points. First, the people are sick of the excuses and believe there is no chance of reform. They hear nothing but promises, promises and more promises from Maliki and then nothing…unless he’s backed into a corner. Secondly – he says, instead of them (the SLC) whining with the question “Why do you insist on the withdrawal of confidence”…the question they really should be asking themselves is “why don’t we have the Erbil agreement fully implemented” (after having a year-and-a-half to get it done)???
6-20-2012 Med THE BET IS ON FOR THIS YR. THE RATE IS DEBATABLE. ALL WE KNOW IS THE REMOVAL OF THE 3 ZERO’S FROM THE NOMINAL VALUE. WHAT EVER IT IS AFTER THAT WE DONT KNOW FOR CERTAIN. FOR EXAMPLE THE WORST IT COULD BE IS 1 CENT AND THE BEST .85. 1 CENT THOUGH…WOULD NOT BENEFIT THE IRAQI ECONOMY AND WOULD NOT BE WORTH ALL THIS EFFORT THAT CBI HAS GONE THROUGH…ALL WE KNOW FROM SHABIBI’S OWN MOUTH IS THAT HIS EFFORTS ARE TO HAVE IT EQUAL TO THE USD.
6-20-2012 Mike “Member of the Economic Committee: share of surplus oil revenues must be poor “exclusively” Everybody is trying to get these figured out and we want to give them to the poor….thats great. The longer we wait to RV the more will come out as to who gets what – Lets add some value to the currency and they won’t have to worry so much of who gets these revenues – they can divy it up and everybodys gets their fair share. They want to get this divied up and its coming up to that time – they are working on this to get it out to the citizens…Very good.
6-20-2012 Bluwolf THE QUESTION IS HOW MUCH LONGER DO WE HAVE TO WAIT FOR THESE INTERNATIONAL RELEASE OF CURRENCIES ? WHAT WOULD BE THE NEW EXCUSE OR HOLDUP IF ANY? THERE IS ANOTHER SUMMIT IN A COUPLE OF DAYS SUBJECT THE EU SITUATION AND AFTER THAT RAMADON. SO WHEN WILL IT HAPPEN? AND DOES THESE TWO SUBJECT HOLD ANY RELATIVITY WITH THIS RV ? IMO I DO NOT KNOW AND I GUESS THAT NOBODY ELSE WILL EITHER.
6-20-2012 BGG there is a lot of last-minute “wrangling”. Maliki is doing everything he can to “derail” what’s coming. It is even possible we see a “last-minute deal” or Maliki resigning. Anything is possible. However, I also think it is getting very late in the game for a legitimate offer to be accepted.
6-20-2012 SWFloridaGuy Either way it appears we are light years ahead of them when it comes to Iraq’s economic future. The ones who know it has potential or are privy that information are certainly not about to publish something that would galvanize the masses to their nearest dinar dealer. I’ve always said real intel never makes it into a public forum for obvious reasons. It’s imperative to the process they remain as furtive as possible. The people who do know aren’t talking and at this point a decision may not have even been reached yet. We do know Iraq is a very wealthy country who is on the rise (if they can ever solve this political crisis) along with their exchange rate. It’s just a matter time.