coopschick
07-15-2012, 08:18 AM
7-15-2012 Vic1 CHAPTER 7 HAS NOTHING TO DO WITH THEM RV'ING THEIR CURRENCY! THEY ARE A SOUVERIGN NATION. THE LAST BIT OF CHAPTER 7 IS THE IRAQ/KUWAIT BOUNDARIES.
7-15-2012 Bluwolf the fact is that all has been said and is positive till this point. No delays and no problems have occur what so ever...all is still positive and on track, we are in a second by second alert, waiting on the phone call.
7-15-2012 Eagle1 The past 24 hours have brought about some extremely interesting developments. Thursday at roughly 5:00 PM Eastern, the IQD showed up on FOREX at the Frankfurt Exchange, and shortly thereafter on the Paris Exchange. For reasons explained otherwise, it did not appear on Citibank’s FOREX site in the U.S., and that may be because the USD was not referenced in this announcement. the IQD was referenced to the Euro. The Euro was equal (in this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. the rate continued to display for some seven hours. (Update: The rate was still there, by the way, as of noon Friday.) We’ve seen glitches before, but they generally last for a few minutes, and maybe an hour at the absolute outside. On the day following the appearance of this rate with both Frankfurt and Paris FOREX exchanges, we learn that the Iraqi Minister of Finance as well as other representatives from the GOI were in Frankfurt and Paris to open up embassies. Makes you go, HMMMMMMMM.
7-15-2012 Footforward EVERYTHING IS IN PLACE THAT NEEDS TO BE FOR THIS TO HAPPEN. ITS A BATTLE FOR CONTROL, THAT SIMPLE. THERE SEEMS TO BE FORWARD MOTION, AND I EXPECT THE RATE TO BE "REAL GOOD". I DO THINK THE RATE GOES UP THE LONGER THIS GOES. IF I EXPECTED THIS TO BE A WAYS OFF I WOULD TELL YOU. IT CAN BE ANY TIME.
7-15-2012 Soonerfan62 ALL DONE, GET READY.
7-15-2012 Eagle1 Now, let me go back to the posting which appeared Thursday night on Frankfurt’s FOREX exchange. You will see the following notation: EUR-IQD.F EUR/IQD 0.16 Currencies FRA. Here’s where things get interesting. The FRA notation has a double meaning. The first is “Fixed Rate Adjustment.” The second is “Forward Rate Agreement.” In short, a forward rate agreement (FRA) is an over-the-counter financial futures contract on short-term deposits. Both of these uses of the FRA notation indicate an increase in value and advise currency traders and businesses/nations engaged in contract negotiations with Iraq that the IQD is about to revalue and that future contracts will need to incorporate the new rate.
7-15-2012 BGG National Alliance and the Kurdistan agree on dialogue and the adoption of all papers of meetings. Just out now. feeling better about it now...My main concern has been the Kurds getting left out all along. The "Other Shoe" just dropped. I'm starting to think they could really pull it off...looking more and more like it.
7-15-2012 Med READ THE POSTS ON THE ZERO'S TODAY...TWO FROM SEPARATE BLOCS, ONE FROM THE LIST, THE OTHER FROM THE KURDS BOTH SUPPORTING THE RV. ONE OTHER NOTE IS THAT THE KURDS SAID WHY PUT OFF TILL TOMORROW WHEN YOU CAN DO IT TODAY IF YOU ARE READY. THEY CALLED FOR THE MOVE NOW.
7-15-2012 Eagle1 Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. I would highly caution all of you to consider this figure with a lot of question marks. For those of us who have analyzed this piece of information, it would seem like that would cause a shock in many economies, and that a gradual increase over a six-to-twelve month (or even an 18-month) span in 90-day increments, the first being at Ernst & Young’s suggested $1.30 rate being the more logical and probable. If we get anything like $7.62 at the outset, you’ll have to cover your ears to protect your hearing from the deafening roar of excitement! What I do know is that the wheels are turning and Shabibi’s announcement is imminent. [post 3 of 3]
7-15-2012 BGG I did not call an RV today, but things are leading us in that direction. A few weeks ago in the news, Maliki actually offered Allawi the Erbil deal for them not to go forward with the no confidence. Allawi accepted the deal as long as he hurried up what he needed to do. I'm not sure if the National Meeting didn't start today, I believe that if we get an announcement for the National Meeting, or this is the National Meeting that is taking place, as soon as there is a power sharing agreement, I believe this will go very quickly. We are looking at 24 hours to a week. We are in a prime window to see some ground breaking news.
7-15-2012 SWFloridaguy Allawi said that the IMA meeting is over and they need to more forward with the No Confidence vote on Maliki, this is direct from Allawi. I wouldn't be surprised if they are trying to get a deal in the works by keeping the pressure on in order to come to a compromise. This governments stability is vital for Iraq to more forward with economic reforms, IMO. This has drawn on longer than any of us expected, but it will be resolved.
7-15-2012 Eagle1 Follow-up to Frankfort Forex: One would think that the 17th is the next logical day, and that may well be the case. Honestly, I look for the announcement virtually any minute. Normally, however, when an item like this shows up on FOREX and it is still there at the end of the business day, it will remain there until trading resumes, whether it begins the next morning at 8:00 AM or, in the case of a weekend, when trading resumes on Monday morning. As far as whether they would wait for a week or not to implement the actual rate change, because of the possibility of investors scooping up the currency (and some will do that anyway!) and expecting to reap their dividend within 24 hours or even a week, the actual release time is kept a closely guarded secret, and could delay as much as 30 days (and even 90 days in some cases) if the IMF and Central Bank thought it appropriate. As far as I know, the general rule of thumb is that when these items show up like this on FOREX, we can usually expect the actual currency change to occur within 72 hours. Notice, also, that the announcement came just prior to a weekend. No trading takes place over the weekend, and by making the announcement at the close of business on a Thursday, it limits speculative trading. Traders generally know that (and there are restrictions in place -- TOUGH RESTRICTIONS) they can't implement any currency transactions with that particular currency during the following 72 hours. Hence, the weekend announcement.
7-15-2012 Poppy3 Well, the Minister list has been submitted again. This time they have submitted 5 names for three opening. Now this is the fourth time names have been submitted. I hope someone stands their ground this time and gets the vote and seating completed. GET-R-DONE BOYS Poppa needs and brand new bag.
7-15-2012 Enorrste If it doesn't happen by September 1, I will be very disappointed. Shabibi has made his commitment. Now he just needs to live up to it.
7-15-2012 Bluwolf the fact is that all has been said and is positive till this point. No delays and no problems have occur what so ever...all is still positive and on track, we are in a second by second alert, waiting on the phone call.
7-15-2012 Eagle1 The past 24 hours have brought about some extremely interesting developments. Thursday at roughly 5:00 PM Eastern, the IQD showed up on FOREX at the Frankfurt Exchange, and shortly thereafter on the Paris Exchange. For reasons explained otherwise, it did not appear on Citibank’s FOREX site in the U.S., and that may be because the USD was not referenced in this announcement. the IQD was referenced to the Euro. The Euro was equal (in this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. the rate continued to display for some seven hours. (Update: The rate was still there, by the way, as of noon Friday.) We’ve seen glitches before, but they generally last for a few minutes, and maybe an hour at the absolute outside. On the day following the appearance of this rate with both Frankfurt and Paris FOREX exchanges, we learn that the Iraqi Minister of Finance as well as other representatives from the GOI were in Frankfurt and Paris to open up embassies. Makes you go, HMMMMMMMM.
7-15-2012 Footforward EVERYTHING IS IN PLACE THAT NEEDS TO BE FOR THIS TO HAPPEN. ITS A BATTLE FOR CONTROL, THAT SIMPLE. THERE SEEMS TO BE FORWARD MOTION, AND I EXPECT THE RATE TO BE "REAL GOOD". I DO THINK THE RATE GOES UP THE LONGER THIS GOES. IF I EXPECTED THIS TO BE A WAYS OFF I WOULD TELL YOU. IT CAN BE ANY TIME.
7-15-2012 Soonerfan62 ALL DONE, GET READY.
7-15-2012 Eagle1 Now, let me go back to the posting which appeared Thursday night on Frankfurt’s FOREX exchange. You will see the following notation: EUR-IQD.F EUR/IQD 0.16 Currencies FRA. Here’s where things get interesting. The FRA notation has a double meaning. The first is “Fixed Rate Adjustment.” The second is “Forward Rate Agreement.” In short, a forward rate agreement (FRA) is an over-the-counter financial futures contract on short-term deposits. Both of these uses of the FRA notation indicate an increase in value and advise currency traders and businesses/nations engaged in contract negotiations with Iraq that the IQD is about to revalue and that future contracts will need to incorporate the new rate.
7-15-2012 BGG National Alliance and the Kurdistan agree on dialogue and the adoption of all papers of meetings. Just out now. feeling better about it now...My main concern has been the Kurds getting left out all along. The "Other Shoe" just dropped. I'm starting to think they could really pull it off...looking more and more like it.
7-15-2012 Med READ THE POSTS ON THE ZERO'S TODAY...TWO FROM SEPARATE BLOCS, ONE FROM THE LIST, THE OTHER FROM THE KURDS BOTH SUPPORTING THE RV. ONE OTHER NOTE IS THAT THE KURDS SAID WHY PUT OFF TILL TOMORROW WHEN YOU CAN DO IT TODAY IF YOU ARE READY. THEY CALLED FOR THE MOVE NOW.
7-15-2012 Eagle1 Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. I would highly caution all of you to consider this figure with a lot of question marks. For those of us who have analyzed this piece of information, it would seem like that would cause a shock in many economies, and that a gradual increase over a six-to-twelve month (or even an 18-month) span in 90-day increments, the first being at Ernst & Young’s suggested $1.30 rate being the more logical and probable. If we get anything like $7.62 at the outset, you’ll have to cover your ears to protect your hearing from the deafening roar of excitement! What I do know is that the wheels are turning and Shabibi’s announcement is imminent. [post 3 of 3]
7-15-2012 BGG I did not call an RV today, but things are leading us in that direction. A few weeks ago in the news, Maliki actually offered Allawi the Erbil deal for them not to go forward with the no confidence. Allawi accepted the deal as long as he hurried up what he needed to do. I'm not sure if the National Meeting didn't start today, I believe that if we get an announcement for the National Meeting, or this is the National Meeting that is taking place, as soon as there is a power sharing agreement, I believe this will go very quickly. We are looking at 24 hours to a week. We are in a prime window to see some ground breaking news.
7-15-2012 SWFloridaguy Allawi said that the IMA meeting is over and they need to more forward with the No Confidence vote on Maliki, this is direct from Allawi. I wouldn't be surprised if they are trying to get a deal in the works by keeping the pressure on in order to come to a compromise. This governments stability is vital for Iraq to more forward with economic reforms, IMO. This has drawn on longer than any of us expected, but it will be resolved.
7-15-2012 Eagle1 Follow-up to Frankfort Forex: One would think that the 17th is the next logical day, and that may well be the case. Honestly, I look for the announcement virtually any minute. Normally, however, when an item like this shows up on FOREX and it is still there at the end of the business day, it will remain there until trading resumes, whether it begins the next morning at 8:00 AM or, in the case of a weekend, when trading resumes on Monday morning. As far as whether they would wait for a week or not to implement the actual rate change, because of the possibility of investors scooping up the currency (and some will do that anyway!) and expecting to reap their dividend within 24 hours or even a week, the actual release time is kept a closely guarded secret, and could delay as much as 30 days (and even 90 days in some cases) if the IMF and Central Bank thought it appropriate. As far as I know, the general rule of thumb is that when these items show up like this on FOREX, we can usually expect the actual currency change to occur within 72 hours. Notice, also, that the announcement came just prior to a weekend. No trading takes place over the weekend, and by making the announcement at the close of business on a Thursday, it limits speculative trading. Traders generally know that (and there are restrictions in place -- TOUGH RESTRICTIONS) they can't implement any currency transactions with that particular currency during the following 72 hours. Hence, the weekend announcement.
7-15-2012 Poppy3 Well, the Minister list has been submitted again. This time they have submitted 5 names for three opening. Now this is the fourth time names have been submitted. I hope someone stands their ground this time and gets the vote and seating completed. GET-R-DONE BOYS Poppa needs and brand new bag.
7-15-2012 Enorrste If it doesn't happen by September 1, I will be very disappointed. Shabibi has made his commitment. Now he just needs to live up to it.