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The latest exchange rates, Iraqi news, Dinar news, and information regarding the Iraqi Dinar, which has risen in value by 20% over the past year.

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[Early Retirement]

Does anyone here know how much dinar has been sold?   Ive heard over 30 TRILLION.  If I was trying to recapture this currency I would set the RV at .10 to .30 cents and that would attract a lot of people (especially the ones that have been vested in this for more than 2 years.) I would think they would try this weeding out process 3 or 4 times gradually raising the dinar until it hits $2 to $3 range.  This way they recapture most of their currency without paying top dollar for it all at once.  By the time they have done the 4th increase they would then have 80% to 90% of the money they have printed.  If it were to RV at anyhting over .50 cents there would be such a feeding frenzy going on--how would the banks be able to cash everyone out?  Especially if it goes to what I think its worth  ---$2 to $3!!!!   Just my thoughts on the RV---

[AlaskanRider]

I agree 100% this makes the most sense.  If I was a country trying to do the same thing, this is how I would do it.

AR

[Early Retirement]

I was wondering if I could have some feed back on this one----is my thinking too simple for a issue with so many complex facets to it?

[olehillbilly]

your right Early Retirement,it is very complicated, it has been gone over many times on older threads by people much smarter than me, but I would think starting out with a small amount would encourage to much spec.  JMO

[RHoover]

My Trader told me the exact same thing. Low to high.
We will see.

[TVdinars]

There are 2 inherent problems with a too low Rv.
1st it will not do much good economically.
2nd think it's a problem now, the big fish speculators would eat them alive if they RV too low. JMO

[bmoredunks]

Biggest thing is that if you do reval too low...out of the woodworks come those waiting for some "real" value to be placed on it. It no longers becomes as "risky" an investment.

[KYMEDIC]

Early Ret, I think you may be partially correct on this.  But I still think they will have to start above a dollar and then go up.  Not many people will jump on .10 cents knowing that it will continue to go up.  At least I won't.  I can wait.  It may be above a dollar for a while until they have 60-70 percent returned and then go up further. JMO

[turtlemann]

Ill cash in anything over say .20. That will be more then enough for me to get things rolling.

[TVdinars]

Ill cash in anything over say .20. That will be more then enough for me to get things rolling.

I would have[/] to cash some at .20 in fear of things turning sour. Hope that never happens.

[bori]

Ill have to have .75 on the table then ill cash in 50% of my investment

[FIITER 1]

Coming in at 10 cents does nothing for the country its people or infra structure, They need to be on par with the GCC countrys, and the average I posted aweek or so ago amongst all was $1.08, I believe this to be the starting point of the RV, Warning from Admin : do not mention this name here ! - - -  and I discussed this in lenght over the phone.
They need capital to finance the projects they have already signed contracts for, Turbines, housing, sewage plants, hospitals etc. They also ordered Abhrams tanks from the US and Helicpoters from France, they presently are on cash only transactions with both countries.
At a low RV the speculators and investment bankers will eat there currency up so quick your head will spin, because they know it a sure investment with a return of 1000 % or better. You think Hedge fund Managers won't jump in with this rate of return, after posting losses this past 12 months? Just my Opinion

[brodykx]

Fiiter,  if/when Iraq becomes a member of the IMF doesn't the IMF set the value?  I thought the IMF puts the value  on a float and the CBI no longer has control of it.

[FIITER 1]

The IMF, World Trade Organization and the World Bank, with the IMF having the ultimate nod, and all has to agree to the rate and has the power to tell them no to low or no to high.

[Early Retirement]

thanks everyone I appreciate it---just like everyone else Im trying to make sense out of this whole thing.  Fiiter thanks for the info every bit helps when ultimately making the decision to cash in.