Kaperoni - The dinar will have to become internationally convertible.

6-22-2013 Newshound Guru Kaperoni Article: "Planning: diversification of imports and behind the extension of the five-year plan up to 2017" Good news for sure. These articles that confirm the 5 year plan are significant....they are changing direction. Going from 100% dependent on oil, to following the recommendations of the IMF, WB to diversify and create agricultural, manufacturing, tourism and financial/investment.



This transition cannot succeed without private investment. And that cannot happen unless Iraq opens up to foreign investment. In other words, If Iraq is going to follow the 5 year plan, have a free market economy, they need to get into Article VIII of the IMF and have the freedom of capital to and from Iraq. The dinar will have to become internationally convertible.

Read more: http://www.dinarguru.com/#ixzz2Wy83quFR

First, it's two years, NOW it's five, which is it, Kap, make up our minds-

Article VIII: General Obligations of Members ... Kinda meaningless until they are full members ... just a guess but ....

There's a few peeps over at D....  D........ that said the same thing, about Kap saying it would take 5 years- He's another one that need something up side the head- I thought he had a good head on his shoulders- I thought wrong- They are pizzed as well-

yes they need other things besides  oil  and if they get there act together and have some sort of currency then they could join the wto nd this would help greatly. as far as kap  goes  he is like my vette  vev to 7800 pop the clutch and take off sideways down the road

Yep, for sure to that!

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the 74 is red looks goodnow do yellow later

Isnt the IQD convertible now? I believe it is, in fact Im sure of it.....its just as worthless as it was when it was printed. So after reading (skimming) over the Chapter 7 stuff it looks like their currency has nothing to do with it. I guess we wait and see if they ever get in the wto and have a change of value in their currency. But even if they do get into the wto who or whats to say the iqd will move up in value. Vietnam is in the wto and the dong isnt worth much as the iqd. Just saying. My slimmer of hope is that they have oil and lots of it, but so do we and ppl are talking about the usd going down.
Who really knows

hithere wrote:Isnt the IQD convertible now? I believe it is, in fact Im sure of it.....its just as worthless as it was when it was printed. So after reading (skimming) over the Chapter 7 stuff it looks like their currency has nothing to do with it. I guess we wait and see if they ever get in the wto and have a change of value in their currency. But even if they do get into the wto who or whats to say the iqd will move up in value. Vietnam is in the wto and the dong isnt worth much as the iqd. Just saying. My slimmer of hope is that they have oil and lots of it, but so do we and ppl are talking about the usd going down.
Who really knows

You are correct, as I have been saying all along, their currency has nothing to do with Chapter 7. In fact, if you look at ... I think it's Resolution 1438, they have been pretty much released from the economic side of the sanctions for several years.

Ascension to the WTO does not predicate a tradeable currency, but rather a tradeable currency predicates ascension to the WTO. You are correct about Viet Nam and the Dong, but I am not really all that concerned about that. I am not any kind of financial wiz, but I have looked at the fundamentals of the Dinar and they look good to me. They have plenty of resources, a ton of reserve, solid trade, and a rapidly growing economy. In short, I see no reason for the Dinar not to increase significantly in time. How much? Who knows? Will it be a free or managed float? Most likely ... time will tell.