Iraqi Dinar investment. Scam or not?
- Thread starter UGA12
- Start date
exactly true....when you decrease the amount of currency in circulation and use a lower denomination that value that is in those larger notes has to go somewhere and where the value goes is into the lower notes.....making the lower notes "worth more" ....the CBI has already said they are reducing the amount of physical notes out there and going to raise the value of the lower notes. This is just more proof of what we based our investment on all along and that we are extremely close to the goal of seeing the artificial program rate dropped and the real rate instituted.
http://thecurrencynewshound.com/2012/02/21/new-iraq-gdp-growth-forecast-from-cbi/
they will pass china in the near furture:0074 $$$$$$$$$$$
they will pass china in the near furture:0074 $$$$$$$$$$$
- Feb 26, 2001
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big news
big news
http://thecurrencynewshound.com/201...change-the-currency-and-the-expected-effects/
article. However I see it this way...The person writing the article is aware of investors buying into the dinar. He eludes to the old dinar and new dinar having equal purchasing power and goes on to explain how the rate of $3.22 (pre-war rate) was unsubstantiated and not an accurate equivalency. Perhaps this is correct - I have no problem with this sentiment. However the article concludes the CBI must stabilize the exchange rate by trading it against the USD or a basket of currencies and while a rate of $3.22 is overstated (his words) letting it stabilize against the free market would be appropriate... The authors source contradicts the earlier statement of equal pricing..If the dinar is at a good price floating against the free market (which will only go higher than the current 1166 dinar:1 USD would have increased purchasing power and therefore negates any thought of equality to the current exchange rate - Of course making the currency internationally recognized is a key element to the RV process. One item I am sure all of you caught onto is the "weeks away"...Take that for what its worth. First we hear September, then May, Then back to September, and now weeks away. One way to look at it is...Something is about to happen!
Also...The article suggests the pre-war rate was backed by the gold standard and had high levels of foreign currency reserves. the author tries to suggest Iraq's surplus is minimal when compared to the pre-war era. But I argue today Iraq is backed by nearly $60 billion in foreign currency reserves and gold. In the pre-war era Iraq didn't market its oil globally which is why the sand of Iraq is a breeding ground for oil rigs..today Iraq is the second largest oil producer in the world and very well could be on top in years to come. Saleh from the CBI said on 2/11/12 Iraq aspires the IQD to be equal to the dollar...I
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big news
http://thecurrencynewshound.com/201...change-the-currency-and-the-expected-effects/
article. However I see it this way...The person writing the article is aware of investors buying into the dinar. He eludes to the old dinar and new dinar having equal purchasing power and goes on to explain how the rate of $3.22 (pre-war rate) was unsubstantiated and not an accurate equivalency. Perhaps this is correct - I have no problem with this sentiment. However the article concludes the CBI must stabilize the exchange rate by trading it against the USD or a basket of currencies and while a rate of $3.22 is overstated (his words) letting it stabilize against the free market would be appropriate... The authors source contradicts the earlier statement of equal pricing..If the dinar is at a good price floating against the free market (which will only go higher than the current 1166 dinar:1 USD would have increased purchasing power and therefore negates any thought of equality to the current exchange rate - Of course making the currency internationally recognized is a key element to the RV process. One item I am sure all of you caught onto is the "weeks away"...Take that for what its worth. First we hear September, then May, Then back to September, and now weeks away. One way to look at it is...Something is about to happen!
Also...The article suggests the pre-war rate was backed by the gold standard and had high levels of foreign currency reserves. the author tries to suggest Iraq's surplus is minimal when compared to the pre-war era. But I argue today Iraq is backed by nearly $60 billion in foreign currency reserves and gold. In the pre-war era Iraq didn't market its oil globally which is why the sand of Iraq is a breeding ground for oil rigs..today Iraq is the second largest oil producer in the world and very well could be on top in years to come. Saleh from the CBI said on 2/11/12 Iraq aspires the IQD to be equal to the dollar...I
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Things are falling into place especially with the budget being passed recently. There is no way the budget would work wi the currency under the artificial program rate that it is held at now...it only works if the currency gains very substantial value...which is a very good thing for those holding IQD
13 minutes ago
13 minutes ago
I hope you get rich, Ray :toast:
BTW, advertise on www.concretenetwork.com
I have gotten 6 calls so far in less than a week. Have 2 good sits lined up for next week :0074
BTW, advertise on www.concretenetwork.com
I have gotten 6 calls so far in less than a week. Have 2 good sits lined up for next week :0074
At the current time it appears release dates range from as early as May 2012 (based on rumors within Iraq from politicians), September 2012 (based on several articles released over the past few months quoting Shabibi as well as Saleh) and the first part of 2013 (this article). Its safe to say sometime over the next 8 months we shall see a major currency reform take place in Iraq.:00hour :00hour
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