7-21-2012 Dan (PTR): This is a real deal. Iraq is moving forward. All these countries and companies that are buying in and help out - what for? So, they are going to have a tenth of a penny?
Did they forgive debt and do all these things so they can go from a tenth of a penny to seventy or eighty cents? No! The revaluation will come back to at least where the reinstitution was which was above 2 or 3 dollars.
When we looked at what the G20 said two years ago this month they said it would be $3.22 to the 2009 American dollar. That puts it in the $4 range.
7-21-2012 Freebird: Iraq still does business during Ramadan
« on: Today at 06:39:32 PM »Quote7-21-2012 Freebird: Iraq still does business during Ramadan but it's inconsequential to the RV other than preparatory steps relating to the printing of the new currency in September, followed by the issuance of the LD's in January.
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Somewhere in between September and January we are looking for the IQD to appreciate to on par with the USD by either a single historic increase or several incremental adjustments that will strenghten the value of the IQD as the zeros are removed from the nominal value.
7-21-2012 Uncirculd: Somehow they will take out the dictatorship
« on: Today at 06:40:14 PM »Quote7-21-2012 Uncirculd: Somehow they will take out the dictatorship and try to pick up the pieces and taste democracy. It seems like a lifetime everything they do, and sometimes forgetting this is politics at it's best.
It is very slow and painful. But when you have 1 thug calling all the shots, you don't have a level playing field. He rules by the sword, fear, and might. I can't blame the Iraqi List for making they covered all their bases before questioning Maliki.
The news coming from Baghdad keeps saying that the withdrawal of confidence has already failed. No it didn't. What failed was Talabani doing it the easy way.
Now we are getting to the meat and potatoes of the withdrawal of confidence. They have finished getting all the files in order and are about to lay it on him.
So, all the drama coming from all the news still spells withdrawal of confidence as much as they would like us to believe it's over. Good to get rid of him, but what follows is the unknown. I would hope they covered those basis too.