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Post by great199 on Wed Jan 13, 2016 4:27 pm

I have shared 2 of the best articles to come out in over 10 years imo. Now I am going to share the biggest reason I believe in this investment other than the obvious wealth Iraq has in the ground. I saw this years ago and didnt quite get what it was.

  After years of being in this I have evolved and understand what this is in its entirety. This is the plan folks Iraq wants 1.13 but they know for sure the official rate is 3.20. They just dont want to come out that high as it will hinder the rebuilding process. They want 1.13 for 3 years its in black and white on a government page.

   Now that doesnt mean that cant change Im just saying if they say they want it I think they will get what they want and thats why the IMF was brought in. I feel the surrounding countries are going to pitch a fit if Iraq undervalues their currency at 1.13. They need the IMF to be there saying take it easy on Iraq they have been through a lot. They will be at their real  rate soon just let them get going first. Here is a quote from this government site I will post the link when I am able. It is the best piece of evidence of our future wealth I have ever seen. "


2.      Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the  economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports... etc.

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Post by MidnightRider on Wed Jan 13, 2016 4:36 pm

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Post by mightyoak on Fri Jan 15, 2016 10:08 am

About the only thing I can believe about the Iraq dinar, it is their exchangeable currency in their country.  I have no clue about rates, apparently no one else knows, except the guru pumpers (LOL).
Hope I live long enough to see what actually happens.  Gurus have pumped the rates from 0.10 cents to 100.00.  Not a bad spread, hahahahahaahh.

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Post by Ssmith on Fri Jan 15, 2016 10:30 am

great199   Can you tell us what their money supply was when the rate was $3.20?
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Post by Ssmith on Fri Jan 15, 2016 11:38 am

Inside a $24 million investment scam: Buy the Iraqi dinar


Andrea Day | @AndreaDay
Thursday, 15 Jan 2015 | 3:39 PM ETCNBC.com

http://video.cnbc.com/gallery/?video=3000346909

According to prosecutors, a group of men behind an Iraqi currency scheme created a pitch that included war hero tales to lure potential investors.

"You have someone who is out there ... who is soliciting millions and millions of dollars from people just making stuff up," said Steven Dettelbach, U.S. attorney for the Northern District of Ohio. 



The opportunity was pitched as a way to profit from a nearly worthless Iraqi dinar. Scammers promised profits were nearly guaranteed if investors bought dinars at today's values, and then exchanged the dinars back for dollars at a later date once the dinar exchange rate presumably improved.

Best Reason I Believe in this 102342407-RTR38QU1r.530x298
Saad Shalash | Reuters

A customer counts Iraqi dinars at a money changer in Baghdad.



Investors bought the currency through the firm BH Group, which charged a 20 percent markup on average, according to prosecutors. Some of the scammers also touted false military achievements, prosecutors say.



By the time the scheme unraveled, federal officials say victims handed over nearly $24 million to the con men for the Iraqi currency they thought would make them rich.

http://www.cnbc.com/2015/01/15/inside-a-24-million-investment-scam-buy-the-iraqi-dinar.html
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Post by Kevind53 on Fri Jan 15, 2016 5:45 pm

There are also a lot of powerful reasons why we should not expect any sort of significant increase in the near term.

1. M1 Money supply
2. Sectarian Violence
3. What infrastructure remains is crumbling.
4. Ethnic Division
5. ISIL
6. Rampant Corruption
7. Low prices for oil
8. Total dependency upon oil for income
9. Faltering economy
10. Lack of manufacturing
11. Lack of commercially viable quantities of anything but oil that has much value.

I could go on, but you should get the idea. It would take a sovereign act of God for us to see any sort of increase in the value of the IQD.

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Post by Sam I Am on Sat Jan 30, 2016 4:22 am

great199 - If you're getting your information from Breitling (and I suspect you are because he likes to cite that Ministry of Planning Feasibility Study with the rates you quoted) here's some advice.  STOP!  Breitling is clueless.  That study was done in 1984 and revised in 1990 during the Saddam era.  http://www.mop.gov.iq/mop/index.jsp?id=294&lng=en 
It has nothing to do with the IQD.  They were recommending reducing the value from $3.21 to $1.13, not raising the value from a tenth of a penny to $1.13 and then to $3.21.  Here's what I wrote on this topic back in 2012.   http://iraqcurrencywatch.com/mop-report-83012/.

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