11-26-2012 Intel/Newshound Guru Poppy3 A source said they are anticipating a change in the dong prior to the first of the year. I would love to see this go ahead of the dinar, but their Minister of Finance wants to hold out until the IQD goes so they would RV at a higher currency. Also, two different sources notified me that Ban Ki Moon (head of UN) and the President of Kuwait will meet mid December to sign their portion of the release of Chapter 7. If that is true then the RV has to be done prior to that.
11-26-2012 Intel Guru TerryK HEARD THE DONG WAS ALL OVER THE CHARTS THIS WEEKEND. IM STILL WAITING ON A CALL. [color=red]HEARING TUESDAY A LOT OF THINGS GOING ON IS THE WORD SO WE HAVE TO KEEP OUR EYES ON THE CURRENCIES. HEARING WE MAY SEE SOMETHING TOMORROW NIGHT KEEP YOUR FINGERS CROSSED AND YOUR BAGS PACKED.[/color] ITS ALL UP TO THE CHINA BOYS THERE WAS A BIG MEETING THIS WEEKEND BUT DONT HAVE THE DETAILS.
11-26-2012 Newshound Guru LoriC Merrill Lynch said that Iraq is the fastest growing economy in the world and that this will continue into next year. Iraq's GDP is increasing at an incredible rate their growth percentage beat out China. How much longer can the world's fastest growing economy remain with a worthless, undervalued currency with an artificial, imposed rate?
11-26-2012 Newshound Guru Kaperoni they cannot achieve the economic success just leaving the dinar at 1166 to $1. Remember all that is on the table pushing the rate up. The ISX, investment in agriculture and manufacturing, the "investment side" of the budget, tariffs, oil and gas subsidies, ration subsidies, etc..on and on. Though Maliki may want to "just replace" with no change, I do not see how that could succeed. How they could achieve the goals to be a "donor" state at the World Bank within a few years? how they could succeed in the 2013-2017 economic plan? So hang in there, IMO the float is coming.
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