Foreign companies put the Iraqi dinar in the center of its concerns to the height expectations of "a hundred times"

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Foreign companies put the Iraqi dinar in the center of its concerns to the height expectations of "a hundred times"
SATURDAY, 21 DECEMBER / 2 JANUARY 2012 09:54 HITS: 87
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Twilight News / dominated the Iraqi dinar in the recent interest in companies sell foreign currencies, especially on the Internet, when you browse these sites often read phrases such as "buy dinars, the government will raise the current value of the currency will become of the rich."

This comes at a time when the Iraqi Central Bank to raise the price of the Iraqi dinar against the dollar by 3.4%.

And move the location of Georgia Pablk Brodcastnk U.S. mail for an expert on financial planning Brian Hancock said he does not have anything in the world of the content of foreign exchange exhibition of the variables at all times.

Hancock said, "It seems that there are many who are selling the Iraqi dinar in the United States as recently Masamath they are to persuade people that its value will rise to a hundred times."

He explained, "base their arguments to persuade people to what happened with the Kuwaiti currency after the first Gulf War," adding that "he received a request for advice from three people recently, one of them was convinced that he could earn more than a million dollars if he bought Iraqi currency at the moment."

The exchange rate of the Kuwaiti dinar is the highest year fixed Aitagar and economic effects, the fact that the Kuwaiti currency reserves is very high.

The three Aimitlkon any information or experience of the affairs of currency exchange and foreign currency market as the Hancock "There are many victims and the problem they Aadrickon results Maigdmon him."

It is noteworthy that the U.S. market Athvl a lot of opportunities for investment securities if no licenses, but the U.S. Treasury Department described the work of financial services companies and marketing currency as if it was a foregone conclusion.

G and C / P

LINK:http://www.shafaaq.com/sh2/news/economy-news/36706------------q-q.html

Not sure how to take this.....
Thoughts?

Thanks Dawn ={

It's basically saying that the dealers are the only ones who will be making any money off of the dinar... I disagree! We should see at least triple our return in the long run... IMHO

CJ

Not sure where or how old it is, I went to the English version of the site (the link took me to the Aribic version). http://www.shafaaq.com/en/ I could not find the article.

Kevin,

The article does have a strange date "SATURDAY, 21 DECEMBER / 2 JANUARY 2012 09:54" I don't understand that dating but I've seen it on many articles. December 21st or 2nd wasn't a Saturday but January 21st 2012 is. Maybe it was published several times? I don't know. I just saw it early this morning for the first time and it kinda made me feel bad inside. I couldn't find it in English either, only in Arabic, which I found odd as well. Just wanted to get peeps take on it.

My husband thinks the dinar is going to RV this weekend. I so HOPE he is right. There is always hope right! When I see articles like this though, I worry. I know, I know... I worry way to much.

Thanks =}
DAWN

BTW - Captn Jerry, that's what I was feeling they were saying. I am glad you are more positive than they are! Thanks!! =)

Another article that means absolutely NOTHING... its a waste of good paper and time. This article is exactly what is meant by mis-information (not information at all.)
Hear that sound? its the toilet flushing away bad news articles!

Devaron,

I am glad you think it means nothing cause it sure did make me feel bad. What I am confused about is that if it was meant to misinform us, why would it only be printed in Arabic and not on the English site? Why would they limit their audience?

Thanks =)
Dawn

Maybe it was an OP-ed piece and they don't translate them? Dunno, I tried going back quite a ways in the news section and didn't find it. Also found nothing using the search engine on fragments of the title.

LOL Kevin, I did the same exact thing in panic mode around 3am this morning and couldn't find anything else. Glad I wasn't along in my search!


Dawn =)

CaptnJerry wrote:It's basically saying that the dealers are the only ones who will be making any money off of the dinar... I disagree! We should see at least triple our return in the long run... IMHO

CJ

Can you define long run because ive been in this
for six years. "LOL"

ou812 wrote:Can you define long run because ive been in this
for six years. "LOL"

According to the articles, Iraq is in the process of a Redenomination/Razing of the 000's. Iraq has stated that 200K = 200, 100K = 100 and 50K = 50 dinar. Removing the 000's basically makes a 1-1 exchange and cuts the currency in circulation from 25 Trillion down to 25 Billion... Right in line with Kuwait's currency in circulation. That initial 1-1 rate will put Iraqi's faith back in the dinar and over time we will see the Iraqi dinar appreciate up around the Kuwaiti dinar. As far as long run, it could be a couple more years from the initial event... You know better than anyone, this is a long term investment... JMHO

CJ

Activate already!

I am still very hopeful for an RI/RV of the Dinar, but I have a new point of concern. I had often humored myself with the thought that the terminology "deletion of the three zeroes" may have simply been a translation issue. However, since the minor exchange rate adjustment by the CBI the other day I see the reporting of that event is very clear, even after translation. The articles describing that event clearly state "increasing the value of the Dinar against the Dollar".

On one hand I still worry about a true redenomination, but am also encouraged by the sudden and unexpected nature of the mini-RV we just experienced. Time will tell...