Hi folks,
I know there's been lots of discussion of an immediate move by the CBI and the government of Iraq. However, in my opinion, this step is abundantly critical before any RV occurs. Please read this page of the World Bank's recent assessment and I'll let you decide for yourself.
SCOOTER
I know there's been lots of discussion of an immediate move by the CBI and the government of Iraq. However, in my opinion, this step is abundantly critical before any RV occurs. Please read this page of the World Bank's recent assessment and I'll let you decide for yourself.
SCOOTER
Unless it has happened and with everything else that is going on we haven't heard about it..
ReplyDeleteGreat find again Scooter!!
ReplyDeleteWhat is your opinion on this article?
Do you think they are working towards getting this completed?
Thanks for your research,
Dave
It sounds like an opportunity.
ReplyDeleteFollow the money
ReplyDeleteCurrency Auctions
Announcement No. (2044)
The latest daily currency auction was held in the Central Bank of Iraq on the 26-DEC-2011. The results were as follows:
DETAILS NOTES
Number of banks 22
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 283,150,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 283,150,000
Total offers for selling (US$) -----
Exchange rates
Dollar's exchange rates / in Baghdad markets
Iraq surely need to stabilise first before major RV moves . Has anybody considered the scenario of an impending major western currency crash that probably wouldn't affect Iraq that much, so then the IQD appreciates against other currencies and becomes an attractive currency to purchase. Iraq didn't seem to be affected adversely when the last big financial crash happened a few years ago. I do not recall any banks going to the wall in Iraq in that period.
ReplyDeleteIn my country, New Zealand, there where many financial institutions that crashed and died because of what happened in the US. Many people lost their life savings and Billions was lost. New Zealand didn't do anything wrong except being exposed to borrowing from overseas. I personally believe that there will be a major financial crash coming reasonably soon, but apart from a decline in oil receipts I do not see it affecting Iraq anywhere near the same as many other other countries. So as bizarre as it may sound it may just be the one of the best places to hold funds even if the RV doesn't come the way we think. The danger I see is that a dramatic currency rise fueled by speculators and the promise of an oil boom will probably crash if the country isn't stable and cant handle it. Iraq is definitely not a stable place
Most people think that I am crazy to have money in Iraq but I see that this currency has something special going on and I have reason to believe that it will appreciate significantly and quickly in 2012 but not in the first half and maybe not as we expect it to.
SCOOTER THANK YOU ONCE AGAIN FOR THE INFO. IN YOUR OPINION SHOULD WE LOOK AT THE VIETNAM CURRENCY ALSO, OR MAYBE CANADA CURRENCY IN THE FUTURE? RON
ReplyDeleteThanks again Scooter!
ReplyDeleteYou really make it seem so easy with your presentation but I find this matter to be really something which I think I would never understand. It seems too complex and extremely broad for me. I am looking forward for your next post, I’ll try to get the hang of it!
ReplyDeleteOES Genuine Hazard Flasher Switch for select BMW models