1-5-13 Blondie: Please don't bash me I'm no guru and I don't even like rumors but I just heard from a currency dealer that some really large orders were placed for dinar in the last week. I mean really, really large. Both were in the 6 figures USD and both were made by military.
This doesn't mean that we are going to RV but these guys were ex military, didn't know each other and this caught the eye of the dealer. The dealer doesn't even believe in the RV so I know he's not making it up. He also didn't ask why they were making such a large purchase so who knows.
I asked him how e knew they were military and he said because they'd been in there before and one of the guys he'd spoken to with at length while waiting for a transfer to go through one day and he answered some questions for him. Most likely it means nothing but I'm gonna pass it on to you guys anyway.
1-5-13 DTDrake66: Can't possibly imagine that a soverign nation such as Iraq which has the natural resources that it does not to mention having had their currency valued at two and half to three and a half times the USD, not revalue or reinstate the IQD/NID to a higher value.
Read More Link On Right
1-5-13 DTDrake66: What they decide to do is obviously one of the main questions we all have as investors/speculators. The next question is when will this happen. Everybody has an opinion of course on both of these questions.
It sure does make for nice dreams at nite whether it comes in at ten cents, eighty-six cents, a buck or three bucks plus. Hopefully we will find out someday soon.
While it appears much has been accomplished in the sandbox there is still so much that needs to be resolved. Whether Iraq can or will proceed with an rv or an ri while so much still needs to be resolved (goi, hcl, kuwait, so on and so on) is another key question. Some say they can and some say they can't.
One thing is certain though and that is time will tell. Some say there is a shortage of currency, what's available is ripped up and shopkeepers wont take it (which I dont buy that). Some say that with the ISX being back online jan 7th is a big deal. Some say contracts have to be paid.
Some say feb 20 something is a big deal due to some loan that Iraq needs to start paying back.
Some say Iraq has nothing to do with anything anymore while some insist that they do.
Some say it's in Obama's hands. Hard to imagine that Iraq has nothing to do with any of this while even harder to believe that O'bama controls this event moving forward. Seems to me that the CBI has a lot to do with this since the CBI is their federal reserve.
Sort of like stating that our central banks/the federal reserve has nothing to do with the quantity or value of our USD.
This is simply not likely whatsoever. Some say that Iraq needs to have a stable government in place prior to further economic policy being implemented. Possibly. Sort of makes a great deal of sense actually but not too sure that will ever happen in Iraq, after all, look at our own government and supreme leader. Bottom line is it will happen one day and one day the dinar will have a higher value again. Here's to that one day, cheers!
1-5-13 Ok Rocks: Iraq renewed its commitment to close the issue of Kuwaiti prisoners of war and missing. The agency reported the official Kuwait news agency Kona that "the Iraqi ambassador to the United Nations, Hamid al-Bayati, sent a letter to the President of the UN Security Council in which he said that based on the positive developments in relations,
Iraq - Kuwait and meet Iraq's continuing obligations to the United Nations and most recently the arrival of technicians Iraqis to Kuwait to join the UN mission in the third phase of the project maintenance of the Iraq-Kuwait border in 17 of the last December 2012.
The government of Iraq confirms Commitment to continue search for missing Kuwaitis and their desire to resolve this humanitarian issue, emotional and have a great deal of importance to the Kuwaiti families.
The Iraqi government reaffirms that Such a move would facilitate the closure of this issue and witnessed the relationship between Iraq and Kuwait during the past few months progress in resolving outstanding issues between the two countries,
notably issuing emir ordered to stop lawsuits against Iraqi Airways after a financial settlement between the two countries, stressing that his country will soon lifting of international sanctions imposed on Iraq under Chapter VII of the Board Security Council. Link
1-5-13 Rustyc: Want to really throw a kink in currency exchange look. Bitcoin is one of the first implementations of a concept called crypto-currency, which was first described in 1998 by Wei Dai on the cypherpunks mailing list.
Building upon the notion that money is any object, or any sort of record, accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.
Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities. Just throwing out an idea that could be one future way to barter if you will items of value. We are already moving to using smart phones just a step away IMO. Link