Poppy3: THEY HAVE TO BE A FULL MEMBER TO HAVE A GLOBAL TRADEABLE CURRENCY

POPPY3

Q: [use to see articles about Iraq joining the WTO but now i do not, how does the IQD become international, unless iraq because a full member?] 

Poppy3:    THEY NEED THE RATE...THEY NEED MORE THAN TO BE A GUEST MEMBER... THEY HAVE TO BE A FULL MEMBER TO HAVE A GLOBAL TRADEABLE CURRENCY ...SO WE WAIT AND WATCH EVERY MOVE , EVERY DAY.

REMEMBER KUWAIT ANNOUNCED ON THE MORNING THEY HAD INDICATED THEY WHERE GOING TO CHANGE THEIR RATE.  THAT MORNING THEY ANNOUNCED NO CHANGE FOR AT LEASED 3 MORE MONTHS. 

THAT VERY AFTERNOON...EARLY EVENING BAM , BAM THEY REVALUED.

Way to pump. Let's ignore the facts. All issues with security, sectarian division, corruption and financial shortfalls aside, IF what you say has any truth in it, at this point the earliest they would become full members will be November of 2017, so you might as well sit back and relax.

Go back on your meds Poopy!

If I remember right Kuwait had a currency that was already tradeable, did they not?  That being the case the skids were greased all they had to do was launch.

Iraq had a tradeable currency in the past dating back many years.  The problem with it seems to be when the US took Saddam out and reduced the value of the Dinar to less than nothing.  The question now would be since they had a trade able currency in the past, did they actually loose that trad-ability at that point?  Or, is the currency potentially trade worthy?  Another thing to question is just exactly what agency does the "approving?"  Some say WTO, others IMF, and others something else.  Who exactly does the "deed" and let's a countries currency loose on the world?

I know sounds like I don't understand - I DO NOT.  Seems to me that once you have an accepted currency then you should have one again.  Now if that status ends when in this case a war occurred why is this different?  Did Japan have to "re certify" their currency after WWII?  How about Germany?  Let me see, France, Poland and many European countries were taken over by Germany - when the bombs and bullets stopped did they have to redo their certification to get accepted?  What is different with Iraq, if there is a difference.

Seems to me the gurus have spun some kind of web here and bounce around like a ping pong ball when their prediction/declaration/projection/etc of an RV does not happen.  They hype it up with the "hey the IMF is meeting," or the WTO meets this week, or the UN has released ... .  So What?  It all seems like just more hyperboil and muddying of the waters - excuses for lies?  Go figure.

Since international trade is, excepting a few direct arrangements between countries, carried out using reserve currencies e.g. USD, GBP, Euro, CAD, etc. the whole tradeable discussion is a moot point. The only place that could be properly applied would be on the Forex where people trade and speculate as to the value of the currencies. Having a fixed or pegged rate does not preclude a countries currency from being traded on the Forex, Bahrain, Denmark, Hong Kong, Qatar, and Saudi Arabia just to name a few more prosperous of the thirty odd countries with pegged currencies traded on the Forex.

I have to date not seen anything in print setting out the criteria for being traded on the Forex, so this is pure speculation on my part, but I would imagine the foremost requirement would be that people would have to want to trade in a currency before it is listed. I would also imagine that a countries economy would have to be stable and secure before they were listed, much as corporations have to meet certain requirements before being listed on the stock exchange. Last but not least, I imagine said country might have to request listing.

I do not believe the WTO or IMF have much, if anything to do with this. Many pooroos have pointed to full membership in the IMF as key. IF that were the case, and to be clear, I do not believe it is, we would be looking at two years before anything happened. Why do I say that? Simple, really. The IMF just concluded their biennial meeting in early December, and Iraq was not voted on or brought forth as a candidate for full membership. Historically, such votes have only taken place at the biennial meetings, which makes sense really since that is the only time all the members meet together to discuss and debate issues, and full membership requires approval of all members. Therefore it is safe to assume that nothing much will happen on the membership front for two years.

Thanks Kevin, that clears up some poopoo manure for me.  I have always wondered where they got the notion and now I would suspect that it came upon them in a dream.  I wonder what their next fantasy will be?  Oh well, at least someone will at least pick up on the fact that NO WHERE is there a hope for any immediate RV should the IMF be the key (which I agree it is NOT.

Amazing how things get started and other minds expand them is it not?  Mercy, if we believed all that comes from certain sites it would seem that this should have RV'd, countries have massive documentation on the trading of their currency and planes/trains perform as requested at the whim of a 'roo thought.  Their minds must be like feathers - it takes only a thought to make them rise.

Pardon me while I return to my mid winter nap. ZZZZZZZZZZZZZZZZZZZZZZ