[Shredd] lightingcslt i was talkin to a buddy of mine that i got into the dinar and told him it could be tomorrow, it could be next month, it could be later.... just gotta watch the news closely and see the trends. So much investment coming in
[BondLady] agreed shredders
[Shredd] if we knew all the contracts being signed now, we wouldn't be able to sleep that is the nature of competition if you study investment bubbles
[BondLady] I may be able to find something out per those shredders, I'll work it
[Shredd] Iraq's is starting now
[lightingcslt] Shredd yes thats why they need to do it now
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[Shredd] BondLady you go girl
[Shredd] lightingcslt I agree, Iraq is a sovereign country and the only one that is dual currency.
Let me share this thought with you all.........as we have international investors coming into iraq like we are already starting to see in the news, as they set up shop there cannot be a dual currency in the country.
Think of it...... these companies could exchange between the currencies, contract by contract and manipulate and even contribute to the pricing issues, for example, lets say a metals company is about to close a contract with, say Britian, what currency will they use to exchange versus the pound? the dollar ? the dinar ?
Depends on which one has a lower price at the time.
[Shredd] Companies would have a choice and this could be a deterrant at the bank, we close forex deals every day and the agreed upon price for a trade is set but on the money side, whatever the forex is at that moment determines the money paid so, the same goes for companies coming into Iraq .
This dual currency issue cannot hang on for too much longer, Iraq is a sovereign democracy. Sovereign and so must their currency be, additionally,Iraq now has the goal to not be flagged as a currency manipulator so they need a single, representative, sovereign currency, (eventually) market-driven .
[Shredd] The global economic expectation is for Iraq to be on the dinar, thats a fact jackthat's my two dinar's worth, just wanted to have ya chew on that
[tlm724] Shredd thank you !!
[campdav] *slap* hi fives Shredd
[BondLady] tyvm shredders !
MORE CHAT ADDED FROM THREAD:
Vaquero: seems like the dinar is use only to buy dollars. I know Saudi Arabia has to currency ,but only use Dollar;so, it could be done .I don't believe in Iraq they will use two currency like you say .
Shredd: We do have an article that explained how the dinar is used for small purchases and the dollar is used for everything else. It was in an interview format. I looked over several posts and cannot find it but I remember reading through it and being surprised that the dinar is still being used on the streets.
Vaquero: TY Shredd