Dinar Reporter (IQDUSD)

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Something to ponder about March

1) GW gives an annual address regarding the state of Iraq each year on the anniversary of the war 3/19

2) The Oil (tenders?) were requested by 2/18 - due to be answered on 3/18

3) The GOI parliment (congress, whatever they are called) are due back from vacation on 3/18 or 19

4) The Rafidain Bank in London has called for documents by creditors in January - all due in for a meeting on 3/18......
They will be meeting again on 3/20 to finalize. The exchange rate they will be paid off in is Dinar 0.30 to $1.00 US. It is the same rate as the accounts were seized at in 1991. You can find it in the Scheme of Arrangement documentation. The exchange rate is listed in appendix 5 - currency conversion Table.

http://www.rafidainbank.co.uk/Default.aspx

It would seem reasonable that they would set the exchange rate to be the same for everyone if they are announcing that rate with an effective date of 3/19/08 with the intention of clearing debt to Rafidain creditors