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7-29-2013 *Med

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7-29-2013 *Med

Unread postby Vixen » Mon Jul 29, 2013 8:28 am

7-29-2013 *Med ~RAMADAN IS A RELIGIOUS CELEBRATION AND IT BEING SO NOTHING IS ALLOWED TO DETRACT FROM THAT - AND IT WAS EXPLAINED THAT A REVALUE DURING RAMADAN OR A GIFT OF MONEY TO THE PEOPLE OF IRAQ WOULD CHANGE THE ACTUAL REASONS FOR RAMADAN - AND THAT IS EXACTLY WHY YOU WILL NEVER SEE AN RV DURING RAMADAN - OR IT AS A GIFT TO THE PEOPLE OF IRAQ.THE REVALUE OR THE DELETION OF ZERO'S FROM A CURRENCY IS NOT JUST SAYING TODAY IS THE DAY IT IS A PROCESS. EVERY COUNTRY THAT GOES THROUGH THE IMF HAS THE SAME PROCESS AND PROCEDURES WE HAVE. YES - NEWS THAT THE DINAR WILL CHANGE THE NOMINAL VALUE BY DELETING THE 3 ZERO'S - BUT TO THE ACTUAL COME OUT VALUE - THAT IS STILL ANYONES GUESS. REMOVING THE ZERO'S IS ONLY SAYING IT WILL BE ONE PENNY AT WORST WHICH IS STILL A PROFIT OF 9K PER MILLION YOU BOUGHT - IS IT WHAT WE WANT NO – BUT ONCE IT STARTS HOPEFULLY OIL PRODUCTION WILL REACH THE AMOUNTS PROJECTED. THE 3 MAJOR BANKS WHO MOVED BACK INTO IRAQ AND WHEN THEY MOVE TO ACCEPT THE IQD AGAIN FOR EXCHANGE - THEN WE ARE ON OUR WAY. IF THEY DO REMOVE THE ZERO'S THIS YEAR AS STATED THEN IT WILL NEED TO BE DONE SOMETIME DURING THE NEW BUDGET IS PASSED OR WHEN REALLY DOWN TO EARTH DISCUSSIONS ARE GOING ON. I PERSONALLY THINK THE LAST QUARTER OF THIS FISCAL YEAR IS THE TIME WE ARE WAITING FOR.
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