flaroadhog] this rv has changed just from being just a iraqi thing to pretty
much world wide savior they are putting some 159 countries in the mix everyone
is in trouble financially
northstar] flaroadhog, 1 to 1 would entice big boys to invest billions of USD in the IQD where as right now they are restricted from investing investors funds in exoctic currencies. I'll stick with +/- 10% KWD. JMO ofcourse!
ArizonaHeat] flaroadhog so with countries such as greece needing funds from the IMF, the we will go on to Italy, spain, and portugal, those restructures are based off of revaluation of currencies from around the globe, Iraq is not the only one, couple that with kuwait and the VND along with iceland and other countries, you still feel a 1 to 1 would suffice in todays market. Also the claims from several ME countries that they also in fact want a level playing field. so with Kuwait at 4+ and iraq at 1 to 1 that doesnt seem to be logical
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ArizonaHeat] flaroadhog IM IN AGREEMENT WITHIN REASON ON THE 14 RATE, BUT HONESTLY, NO ONE KNOWS WHAT IT WILL COME OUT
AT. BUT A 4+ RATE IS VERY LOGICAL IN A FINANCIAL STANDPOINT WITH THE REGION THE WAY ITS STANDS, AND THE gdp IRAQ IS CAPABLE OF AT THIS VERY MOMENT
QueenQ] ArizonaHeat xactly! I here they share a border? Don't know if that is true. So how can one be double the other? hmm
[ArizonaHeat] QueenQ just as a thought, what if kuwait did RV to a much higher rate? im not saying they are, but to keep within the same rate of each other. things could change
[chap_cat] ArizonaHeat did not Shabbi state a managed float? Logic to me, plus what has been stated in the past by Shabbs, would lead me to believe upper 3's to low 4's
[ArizonaHeat] chap_cat i am expecting a managed float as this currency will be very volitile with so much taking place within the first 6 months
andisgram1] ArizonaHeat when Kuwait rv'd they were much higher than Iraq for a while, so why not the reverse? Just asking not doubting what you have said!!!
[ArizonaHeat] andisgram1 good point, i think the difference here may be the relationship is different and the RV for so many countries have a much bigger involvment, when Kuwait RV'd it was all about Kuwait
northstar] ArizonaHeat, So true.... any wall street analyst would issue a strong buy position on the IQD after reviewing the assets on hand and future production! No brainer! highfive
ArizonaHeat] northstar very true