Emailed to Recaps:
[Arthur] The so-called Balassa-Samuelson effect (BS) is an economic hypothesis that implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates which is common sense any 4 year old child should realize will naturally occur with Iraq's ongoing economic and political reform progression as it would any other emerging economy.... but has less than zero to do with the revaluation process of the Iraqi Dinar.
To believe it did implies a total misunderstanding of the history of the IQD.
In 1959 the IQD was pegged to the USD at the rate of 1 dinar= 2.8 dollars, and settled at US$3.22 where it remained until the Gulf War.
The current rate of 1166 is not the economic reality rate of Iraq, but is a post Sadaam era "program rate" used by the IMF after UN sanctions were imposed to monitor Iraq's rebuilding efforts and therefore was not caused or engendered by the economic reality or potential of the Iraqi economic outlook.
So therefore just as there was no reverse Balaasa-Samuelson effect that caused a gradual decrease of the IQD exchange rate, but was engendered by a sudden action caused by the worsening political and economic reality of the Gulf War era, so we can expect a similar reverse action based on the current political and economic reality within Iraq.
We are now awaiting the final sovereignty to be granted internationally based on the efficiency of the newly formed, fully inclusive GOI to ratify, open and fully implement a nationwide budget which will abruptly usher the new revalued IQD on to the global scene.
R.V. / GCR October 22, 2014
ALL i WILL SAY IS i BELIEVE THIS WILL BE TRICKLED DOWN TO PUBLIC BY MONDAY
Omega Man > TRNS are live...i don care wut nobody sayz
Carden > Omega Man And they've been "live" for a long while now.
More Guesses to NEW Picture Intel/Clues
Vinman October 22, 2014
Dong is busting out.
Watch the next 72 hrs.
Zim is a coin toss and is up in the air.
Beverly October 22, 2014 at 8:20pm
Here is my take on EXO's clues for today.
At 7:00 the Dragon’s are PHONING (Red Phone) the World Bank.
Banksters want 3 different rates simultaneously. CAUGHT with their hand in the cookie jar: Bank of England!
The DEBT burden for countries around the world is too heavy.
The BLACK phone is ringing……and the sociopath’s are MAD!
Vietnamese Dong (100,000 shown) we are WATCHING for it to BUST OUT! It is NEXT!
The ZIMBABWE (100,000,000,000 shown) is still a coin toss and up in the air.
SNOWING and beautiful weather for gifts.
Poppy3 : the new RATE is very possible this week!
Several events that can trigger their actions to raise the rate for sure...NEW YEAR, ISX GOING ONLINE, ANNOUNCEMENTS, ISIS UNDER CONTROL.
GUYS, WE ARE IN A GREAT PLACE RIGHT NOW.
[natok] hijack in forum... I just received a call from a friend who deals with traders and he said his friend who does bonds said via a 3 page email what Tony & DC have been saying that in Iraq everything was done(everyone seated, in gazette, Govt ready to go to do business). This friend of mine doesn't get on dinar calls, but he knows that i do.
[pappabear] i have a short bank story. just got back from wells fargo bank in florida and i opened a checking account.and then asked the lady where is the closest currency exchange with WF and she said we can do it she asked what currency do you have. i said i don't know if i should ask. she said iraq dinar i said yes. she said we know about it also spoke about the 800# and then call her and more was said in about a 30 min conversation.