* Med Chats – Post By Glk / Dunslap & Tudor Dinar Speculator: Dinar Recaps 01/19/2012

January 19th, 2012 03:02 pm · Posted in CHATS & POSTS: Iraqi Dinar Exchange Rate & Buy Dinar Info 

_This is a combination of three different chats by three different posters so the formatting is different for each one – sorry for the lack of uniform in the text posting – Dinar Recaps Team

Med’s chat 1-19-12 @ 9:08am cdt Post By Ksdunlap

Med (10:08:02): GM DS (several hello’s) OK BEFORE I GET UPSET AND BAN SOMEONE I AM GOING TO SETTLE THIS

FIRST OFF I DELETED THE THREAD BY PROFIT I AM THE ONE WHO HE REFERS TO ACCUSING HIM OF SAYING IT WENT TO A FLOAT

HE CLAIMS IT DID CUZ OF ONE REMARK IN THE BULLISH AREA

IF YOU CLICK ON THE NAMES OF TRADERS THERE IS A DATE THAT DATE HAS A COMMENT THAT A CERTAIN TRADER MADE THAT IS ALL IT WAS

IT WAS SPECULATION FROM ONE OF THE SO CALLED TRADERS THAT CBI HAD GONE TO A FLOAT IT WAS NOT ANYTHING OFFICIAL .

_LIKE I SAID GO TO THE IMF.ORG IT EXPLAINS WHAT IRAQ IS UNDERDONT YOU THINK THAT SINCE IRAQ IS UNDER AN SBA AGREEMENT WITH THE IMF AS THEY WERE BEFORE THAT INFO IN THE COUNTRY INFO AREA FOR IRAQ WOULD BE THE MOST LEGITIMATE TO CHECK

I AM GLAD THAT CBI HAS MADE A CHANGE BUT IT IS 4 PIPS

AND MOST OF YOU HAVE BEEN INVOLVED FOR YEARS IT WILL NOT MAKE ANY DIFFERENCE IN THE IRAQI MARKETS IT WILL NOT INCREASE PURCHASING POWER

AS IT SAYS IN THE ARTICLE IT IS NOT COMMENSURATE WITH THE REAL VALUE

IRAQ IS IN A CRAWLING PEG THE ONLY COUNTRY THAT HAS BEEN GRANTED PERMISSION TO USE A CRAWLING PEG WHILE BEING PEGGED AGAINST THE USD

I AM NOT BEING A JERK TO PROFIT BUT YOU HAVE TO MAKE SURE WHEN YOU USE A QUOTE THAT IT IS NOT JUST SOMEONES OPINION THAT IS ALL IT WAS

A QUOTE OF THE DAY FROM SOMEONE PLAYING WITH THE DINAR AS WE KNOW IT CANNOT BE TRADED

ALL THOSE INVOLVED ARE JUST PLAYING WITH IT IT CANT BE BOUGHT OR SOLD ON FOREX….CAN IT YES OR NO

guardian: nope, and 1166 hardly has purchasing power

Spunkymonkey: no

Retta: no

Med: RIGHT GUARDIAN

tmac096: no way!

Med: NOW I AM AS I SAID NOT JUMPING I WANT TO SEE IF THERE IS MORE MOVEMENT

IF SHABIBI IS NOT GOING TO SIT IDLE UNTIL PARLIAMENT GETS DONE WITH HIS DRAFT LAW WILL HE CONTINUE

AS WE KNOW BY YESTERDAYS ARTICLE AND ARTICLES ON THE SAME SUBJECT THAT VENDORS AND THE IRAQI STREETS ARE USING THE DOLLAR OVER THE DINAR

THAT THE USD IS THE CURRENCY OF CHOICE AND IN FACT PRETTY MUCH ANY FOREIGN CURRENCY IS WANTED TO BE USED OVER THE DINAR

NOW SHABIBI IS GOING TO HAVE TO BE THE ONE TO RESOLVE THIS

AND THE LONGER IT GOES UNRESOLVED THE WORSE OR HARDER IT WILL BE TO REVERSE IT OH ANY MATHEMATICIANS HERE IS 4 PIPS

Mountainman: Well the US Dollar is my currency of choice too… 1 + 1 = 2

Med: 3.4% YUP I JUST CANT SEE IT AS THAT MUCH HECK

guardian: iraqi math lol

Med: IT HAS TO BE CUZ

Mountainman: .89 is just fine too, lol

Med: IT DOESNT ADD UP CUZ 3.4 OF 1170 IS NOT 4 PIPS WAIT THEY DIDNT USE THE 1170

tmac096: looks like 1130 +_

Med: THEY USED THE NOMINAL VALUE MULTIPLY .034 X .00086 THAT IS HOW THEY GOT 4 PIPS WOW THIS IS LIKE SMOKE AND MIRRORS

tmac096: my calculator keeps showing 0.00 it doesn’t go that low or that detailed. it rounds everything.

(chit chat)

Med: I THINK THAT ALL OF THIS GOING ON IS PART OF PHASE II AND I AM HOPING THAT CBI SEES THAT THEY WILL HAVE TO MOVE EVEN MORE TO COUNTER THE NEGATIVES OF THE DINAR RIGHT NOW

Mountainman: I want to see what Parliment voted on today

Med: I THINK IT IS POSTED MM OK GONNA GO FOR A BIT OK LATER GANG

********ADDED CHAT POST BY TUDOR**********

MED’S CHAT 1/19/12 11:20am ct POST BY TUDOR

Med says to (12:27:10): HI Gang Med says to (12:27:36): OK HARRY POSTED THE ARTICLE ON WHY THE DINAR WAS MOVED 4 PIPS

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