wizesuccess: ok, so i wouldn’t say i have juice, just a friend of mine has an assumption. He’s Iraqi, and he’s the 3rd Iraqi friend of mine who I’ve heard…
wizesuccess: …say the same thing.
wizesuccess: anyone interested in hearing the assumption?
tedescude: yes.do tell
Nexus: sure why not it would be interesting to see if there is a correlation to the Iraqi I work with
wizesuccess: He says that he knows all the rumors about what will happen with the dinar, and he says based on articles and comments from Cbi on television…
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bubbie: wize please!
wizesuccess: ….one of the biggest fears with anything to do with the dinar is that the government/cbi thinks a lot about how the people in iraq will respond…
wizesuccess: …meaning, will they be able to understand rate changes, etc?
wizesuccess: so….here’s what 3 different iraqis have said to me… the latest being yesterday…
tedescude: ten,are you watching this
tenmillion: yes ted
wizesuccess: they say that they think that since so many in iraq do business in us dollars anyway, he believes that they will come out with the dinar…
wizesuccess: ….equal to the us dollar at first.
wizesuccess: then they can spend more time training common iraqis on any other changes.
wizesuccess: he said… iraqis understand the us dollar. it’s easy.
wizesuccess: many prices in iraq are in us dollars
wizesuccess: i’ve heard this kind of thinking from others, but never from iraqis themselves
wizesuccess: so thought i’d share…gotta admit…makes a lot of sense.
drslmt: biw has always said that it would be an even number like 1 or 2, for that very same reason
Nexus: That’s preety much what my co-worker is saying
tenmillion: wize……they live in the US?
wizesuccess: but they visit there often
wizesuccess: this one just got back last thursday
tenmillion: ok….so they have friends and family there?
wizesuccess: from a 2 month trip there
wizesuccess: yeah, all of them
wizesuccess: in fact…get this….
tenmillion: ok…thank you for your info
wizesuccess: his father in law is the #2 man in the iraqi military
wizesuccess: and will supposedly be visiting here soon
wizesuccess: he said that in iraq… here’s how they do exchanging easily at stores, etc….
wizesuccess: they’ll put up the rate of what something costs in Iqd, but the easy math for it is just take off the 0′s and pay in Us dollars
wizesuccess: in other words… something costs 25,000… just pay 25 dollars
tenmillion: what are they saying about the large denoms???
tenmillion: is the supply adequate?
tenmillion: do they use dollars and dinar?
wizesuccess: i gotta admit, i didn’t ask him about the large denoms…. i did ask another guy who got back from there, but this was like 5 months ago…
wizesuccess: and he said there was no shortage at that point
wizesuccess: he said you can get them freely
wizesuccess: yes, they use dollars and dinar according to him
wizesuccess: and i would assume that that is due to the fact that they don’t want to carry large amounts of cash
wizesuccess: but i will try and find out from him about large denoms
wizesuccess: will see him again this weekend
chicosan: did you get any sense from him re the perception on the street re how soon this is coming?
wizesuccess: the thing is… i doubt he was making large purchases while over there, since his father in law is #2 in command of military…
wizesuccess: and has a ton of money.
wizesuccess: so he was well taken care of over there
wizesuccess: didn’t really have to buy much
wizesuccess: chico… he said most don’t understand, or care. It doesn’t seem like they know how this will benefit them.
tenmillion: wize….if his father is #2 in the military…..why does he live here?
chicosan: ahhh that sounds most true
wizesuccess: there’s the funny thing… his father in law helped his family get out of iraq like 10 years ago…said it’s not safe.
wizesuccess: interestingly, he’s telling them they can come back now, and that he’d give my friend a job (his son in law)
tenmillion: ty wize
wizesuccess: hope they don’t go though, as he’s good with info to me. lol
drslmt: is your friend considering it?
chicosan: wize, that is so encouraging and best of all, it sounds real and true…
wizesuccess: oh, he would love to be back in iraq…but for some reason his wife doesn’t really want to go. And his kids have friends
wizesuccess: i know it’s not much info, but it’s consistent with what other iraqis i talk to say
chicosan: if they go in a careful way, they can come and go to visit here often, yes?
wizesuccess: and it makes sense to me
wizesuccess: oh, chico…they come and go often
chicosan: yeah – me too
wizesuccess: lol….there you go
wizesuccess: anyway…will be back on later, gotta run to the gym with my wife. later peeps