Iraq Dinar Speculation

trying to keep on top of my investment

Revaluation Plan of Iraqi Dinars 2009?
It is true one lucrative idea makes one rich and one dozen lucrative ideas can make one richer. So, let us contribute more convincing ideas to President Barack Obama to use his influence for the world to speed up the revaluation plan of Iraqi Dinars. I have contributed many ideas to the president and one of these is shown below as a sample to all of you bloggers to encourage him to do something about it soon. Please google search for “Email to President Barack Obama” and you should see the same on the search result for you to click on and then you must follow its instruction. Please do not keep speculating about RV for years without any result. We need to change our whole idea how to bring facts about the advantages of RV to all governments concerned including Iraq government. I did the same to Iraq Ministers as well.

Dear President of the United States of America,

Everyday, more and more new foreign investors are going to Iraq to do business with great confidence and Iraq is coming close to be a 100% democratic nation. Is it fair a new Iraq should have her currency revalued to ensure the values of many other things should be on par with ours? As every other democratic nation enjoys the same equal rights and the protection of human rights, is it time to give the same to the new Iraq without further delay? Why do I need to tell you not to leave out even one poor family at one corner of Iraq uninformed and unprepared about the revaluation plan of Iraqi Dinars (if it happens) at anytime? I had lived with poorer people for 4 years during my younger days in order that I’ve learned to empathize with people who truly suffer poverty and my tears for them are deep in my heart. I do not send this message to talk rubbish because I am one of the people in this world who support President Barack Obama as well despite I am from Singapore.

Let me explain to you much more with facts contributed by someone, as below:

Iraq: Re-Value the Iraqi Dinar? Yes!

One Investor’s Take on the Valuation of the Dinar
By Roger Isaksson

Iraq’s current government has been staggering badly under the pressure of growing violence and widespread infrastructure failures. As a result, government consolidation is taking place, including dismissals, arrests, and the emergence of strong personalities. Yet still, most government participants appear to lack the will to stick their neck out and make bold moves that would ultimately help the Iraqi people.

The Iraqi Dinar
Economically, according to my estimates, the Iraqi dinar is hopelessly undervalued, and should have been revalued long ago. The dinar is held down artificially by the Central Bank of Iraq (CBI), resulting in very little buying power for the Iraqi working class. Currently, most of the day-to-day products needed by Iraqi’s are produced outside of the country, but when buying it with an undervalued currency, nobody except the intrepid merchant benefits. In order to justify the costs of manufacture and import into the country, most things that we in the West take for granted are priced far beyond the average Iraqi’s ability to pay for it, due in large part to the vast exchange rate differences.

Due to these currency differences, few Iraqi’s can afford the items they want or need. As fewer people can afford them, the market for these items is artificially small, resulting in less competition and higher prices. This, coupled with the day-to-day disruption of goods and services due to the violence plaguing large tracts of the country, have led to high levels of inflation.

By revaluing the Iraq Dinar to it’s true value towards the market, the Iraqi people will regain a measure of their buying power back. Imported goods will now be within reach of nearly everybody, helped to infuse the Iraqi economy with a new vitality.

True Dinar Value
In analyzing the true value of the dinar, many have predicted a value as high as parity with the US dollar ($1 = 1 dinar), while more conservative estimates have been in the range of a $0.01 = 1 dinar. This range, of course, can only be estimated, because the dinars true strength can only be determined, as with all currencies, once it is freely traded on the world market.

The continued lack of purchasing power of the Iraq dinar will be yet another factor in a long line of social problems, and some have the idea that those problems have to be addressed first before the economy can be fixed. The Iraqi man on the street is having a hard time feeding his family, and in such dire circumstances he may even be tempted to work against his fellow Iraqi’s through insurgency, crime and even terrorism. This writer urges the current Iraqi Administration; fix the dinar.
The “Big Guys” are standing at the gate waiting to get in, but have to wait until they get assurances that the investment will not be socialized as in Saudi Arabia, Iran and Venezuela, or lost completely due to a full-blown civil war. The new Iraq Investment Laws are tentative right now, but hopefully the Iraqi Government will make it a top priority when they return to session this fall. However, as with everything in Iraq these days, this supposition is a moving target at best.

Posted by Lawk Salih
Posted on Friday, September 01 @ 06:14:37 EDT by admin

Another email to the US President on Saturday 24 October 2009:

Dear US President Barack Obama,

Sir, I would like to stress more important points of revaluing the Iraqi Dinars at an excellent rate asap right here in the letter of my appeal to give the voice of American pragmatism in support of revaluation plan an added weight of truth. It is not just about protecting the Kuwait’s economic power alone despite the fact the fast-growing oil business in Iraq will definitely affect Kuwait’s oil business in a bad position sooner or later because of the vast differences in oil prices. It is more about what a new Iraq can be – the possibility of Iraq becoming a future copycat of China’s economic power is what we most worry next. As a matter of fact, China was then secretly learning the tricks of India’s economic power in the past, of which many didn’t actually realize. Fancy that the fools have rushed in where angels feared to tread. Those daring fools are now filthy-rich in China and some have migrated elsewhere to do business.

Allow me to contribute an excerpt from a good book written by two qualified business experts Wee Chow Hou and Lan Luh Luh on “THE 36 STRATEGIES OF THE CHINESE”. It is an inspiration so comprehensible to any layman, as follows:

Without doubt, China is becoming a stronger economic power by the day. The Asian economic crisis which precipitated in 1997 clearly demonstrated the increasing influence of the Chinese on world economy and politics.
That China will emerge as a powerful economy in the twenty-first century is no longer a question for forecasters. It is now a reality. Thus, it is imperative that we learn to better understand the Chinese psyche, especially in the realm of business.
Despite its modernization and entry into the free market economy, China’s five thousand years of history, culture and value systems still dominate the way Chinese think and behave. Confucian ethics, Taoist influences and other ancient Chinese classics still form valid reference points for understanding Chinese behaviour.
Well-known Chinese classics have often been cited as important driving forces in the minds of Chinese strategists. Sun Zi’s Art of War, the annals of the Three Kingdoms, Water Margin, and several other Chinese military classics are good examples. Indeed Chinese war strategies have become topics of research, especially in their application to business. This is not surprising, considering the fact that the Chinese have a saying that the business world is like a battlefield.
The “Thirty-six Strategies” are well-known to the Chinese and are frequently applied in business practices. No one can pinpoint the exact period in which the thirty-six strategies were written, nor the exact combinations of strategies that constitute the thirty-six. However, through the years, scholars have expediently adopted the thirty-six strategies as a set of common tactics used by the Chinese.
Though widely known and applied by the Chinese, these “Thirty-six Strategies” are less familiar to others. Even less-known are their strong applicability to business. This book attempts to bridge this gap of understanding between the East and other cultures of the world. It seeks to provide a timely insight into the mind of the Chinese strategist.

In business, China may be extraordinarily shrewd but Iraq is definitely not that stupid either. An appropriate fast action is needed to fix the Iraqi Dinar at an excellent rate is not just to avoid destroying Kuwait’s stabilized economy in the near future as well – that I must remind you once more – but as a justifiable reason to prevent Iraq from emerging as a “Second Chinese Business Invasion” possibly first attacking the west in the next round of more business wars very soon. It is the same supposition of many experienced business planners with remarkable foresight, of whom I have met and learned for years. We must save all business giants like Maersk from sinking slowly into the seas of failures without further delay. I was retrenched by Maersk not long ago due to redundancies in Singapore badly affected by the ongoing “Chinese Business Invasion”, perhaps.

Sir, I have sincerely contributed such a constructive suggestion because I hope everyone is in the win-win situation enjoying the same equal democratic rights to have a legal job to support their family for a long time, if health permits. Be very inspired: Weak things united become strong. In Strategy 3 among the “Thirty-six Strategies”: Killing with a borrowed knife, many shrewd Chinese big players in Asia, particularly in China, may often apply this strategy for a temporary solution but please be wary of such expedient to help prevent endangering the economy of the United States of America with all unproven and incompetent economic policies because many Asians still depend on her economic strength for survival.

That’s all!

Sincerely,
A concerned retrenched Singaporean with sanity