Capt Ron] You might recall I have a large stake in a startup company in Iraq, in the export-import business.....and we have endured the same delays in our contactual efforts that many other vendors there and iqd investors everywhere have endured....
Anyway, yesterday we got assurance from very high political levels in Baghdad of a contract as of this coming Tuesday.....
So it is a great weekend of skiing and a great weekend of hope that something has caused the eagerness in Baghdad towards my company. And that might relate, emphasize 'might' have something to do with the dynamic there for the rv.
eleanor] Capt Ron any hints from Bagdad as to details of contract
[Capt Ron] Eleanor, all contract details are known, but terms are in usd only so I have no insight as to rv rate.
Capt Ron] thank you all, just a small piece of the puzzle. But the Iraqis we are dealing with are freshly eager. Very eager.
Read More Link on Right
Precious] Capt Ron well maybe they have international currency then
Capt Ron] Precious, that coincidence in timing has certainly occurred to me also
Precious] Capt Ron they would not want to pay in dinars if they were going to revalue so must have already
Texas Mama] Capt Ron ..wait a minute... do all contractors get paid in USA right now? Cause I remember Stevei always saying his contracts were done in Iraqi dinars.... and that's why he would speculate on the rate and what it would be...to this day, I guess he hasn't been paid? heh heh IDK!!
Capt Ron] TM, our process of payment seems to be quite different from what I understand Steve's to be. usd only. There might be a modification to that aspect of our contract later, I do not know.
[eleanor] Precious they also wouldn't have enough US dollars in their reserves to pay all contractors unless dinar is rvd, then they can buy more US dollars cheap
Precious] eleanor correct
[Capt Ron] Our employees in Iraq are paid in iqd btw.
[eleanor] Capt Ron can you calculate rv based on next salary that you have to pay employees in iqd
[Capt Ron] Eleanor, the post rv wages would follow as a consequence of the rv number, so I couldn't guess at rv rate based on this contract at this present date.
[Precious] Capt Ron keep us posted on that one..paid in IQD
[Capt Ron] Precious, yep, those salaries will definitely be revisited in a post-rv world.