10-3-12 Nelg: "MIDEAST MONEY-Iraq dinar is short-term disappointment, long-term bet. Even if unstable politics, militant violence and bureaucratic inefficiency prevent that target from being hit, Iraq still seems to be on the threshold of an oil boom that will transform its finances.
" I get excited when I read articles like this one. It reminds me that I made a good investment when I purchased my dinar. The value is going to change, it's just a matter of when and how much. It always has been about rate and date.
Most of us want it to RV tomorrow at $12.00 to 1 IQD, but reality says that that will not happen (it might). It might come out at .10 to 1 IQD in two years (I hope not). But my firm conclusion is that it will happen. My part is just to be patient and get ready to rejoice.
Read More Link On Right
10-3-12 Butifldrm: I hope these amendments are enough to satisfy the Kurds and the List. I guess we will have to wait until the 8th to find out. "In an effort to appease opponents of his law for infrastructure projects, pay Iraqi Prime Minister towards amendments respond to the objection of the Iraqi List and the Kurdistan Alliance in order to persuade them to end their opposition to him and vote for him in the House of Representatives next Tuesday."
10-3-12 Mountainman: The parliamentary committee is working to complete article 140 as quickly as possible. Talabani made a promise that the political disputes will be resolved and that as early as next week we could see the reform paper agreed upon followed by a NC.
The CBI has eased restrictions on USD sales to boost the IQD and eliminate the difference between the official and the secondary market price. All the top headlines of today are very positive and Iraq continues to march forward, a little slower than we'd like, but forward nonetheless.
10-3-12 King Bean: After reading this, I am more in the Allawi camp than ever. Iraq would be way more progressive with Allawi in control. His blame of Maliki for most of the current problems has good factual base. A good read. Read more http://www.asharq-e.com/news.asp?section=3&id=30955
0-3-12 Kaperoni: They are not waiting another year to begin. They will wait IMO before they officially "delete the zeros" but the float will begin soon to raise the value naturally based on demand and that is all we care about. This is absolutely necessary to move forward economically, enter the WTO, ISX, and start to bring in the investment needed to rebuild.
Remember the condition of the current currency? No doubt in my mind that the dinar will rise in value very soon which will allow them to use the smaller denoms that they already have. It has been a tough ride for us for sure. Keep in mind we spent years searching, debunking the 3 + initial rate, to get to a 1 to $1 rate, then a "staging rate", only to get information of free float. It for sure has been an evolution.