SFMedic Chat: DS – 2/12/10 – 2:30 am Central

February 12, 2010 · Posted in CHATS / POSTS
Sfmedic chat 2/12/10 12:30am pst

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SFMedic: CAN ANYONE TELL ME HOW MUCH THE EXCHANGE RATE IS
FOR THE BAHRAIN DINAR IS
the baroness: I guess a peg to the US $ means about 1 to 1
SFMedic: NO BARONESS
SFMedic: THAT ISN’T WHAT IT MEANS HON
SFMedic: THEY ARE PEGGED RIGHT NOW AND LOOK WHERE THEY
ARE AT
porkchop: 2.6553 Med
Sissy: 2.26532
SFMedic: OK TY
SFMedic: SO IS IT 2.26 OR 2.65
Cool: 1 USD = 0.377035 BHD
SFMedic: TY
Cool: 1 BHD = 2.65227 USD
SFMedic: JUST WAS WONDERING I GOT A TEXT THAT SAYS THE
BAHRAIN DINAR IS MENTIONED IN THE IRAQI BUDGET. BUT I DIDN’T
REMEMBER SEEING IT WHEN I READ IT ON TALABANI’S SITE
Cool: thats from xe medic
SFMedic: OK TY
Cool: so are we thinking it could be = to that medic?? fingers crossed
Lol
SFMedic: NO I JUST WAS TEXT IT
SFMedic: BUT IT WON’T BE
SFMedic: THEY COULDN’T AFFORD IT
SFMedic: YES THEY HAVE OIL CONTRACTS AND OIL
SFMedic: BUT IT HAS TO COME OUT YET
SFMedic: IT WILL TAKE SEVERAL YEARS TO DO THIS
SFMedic: AND WE ALL KNOW WE DON’T KNOW WHAT WILL HAPPEN
ONCE WE LEAVE IRAQ
the baroness: We want to be out by then
SFMedic: YES
Topguner: Med do you think we will ever really leave Iraq?
SFMedic: TOP I HAVE NO CLUE
the baroness: I think they will try 2.00 less that Kuwait which would be 1.90
SFMedic: BARONESS IT WILL BE UNDER A BUCK
cindy777: and it makes sense , what was said previously, that rv will initially be at a
lower rate.
SFMedic: IT IS SMART BUSINESS
SFMedic: HIGH ENOUGH THAT PEOPLE WILL DUMP
SFMedic: AND IT WILL TAKE ALLOT OF MONEY TO BUY AT .80 OR
AROUND AND INVEST
SFMedic: IF THEY ONLY HAD ONE TRILLION OR SO
the baroness: I have enough to hang on to a bit
SFMedic: YOU WON’T BE GIVEN THE CHANCE BARONESS
SFMedic: I DON’T REALLY THINK YOU WILL SEE A MAJOR CHANGE ON
THE FIXED RATE
SFMedic: WHICH IS WHAT THEY SAID IN ONE OF THE LAST ARTICLES
SFMedic: THEY HAVE LEARNED TO CONTROL A RATE
SFMedic: WHEN SHABIBI THINKS THEY ARE READY THEN HE WILL
LET IT GO AGAIN.
SFMedic: BUT IS THIS GOING TO BE MARKET DRIVEN
the baroness: I need to go till may to get a few long term. what do you think?
SFMedic: OH I THINK YOU ARE SOL
SFMedic: JMO
SFMedic: I HAVE NO MORE DINAR AT SHORT TERM
buckaroo: Medic what does OFAC (Office of Foriegn Assets Control) have to do
with the Rv if any
SFMedic: EVERYTHING BUCKAROO
SFMedic: IF THEY DON’T RELEASE THEM
SFMedic: THEN NO RV IN THE U.S.
logger: Med, you say we wil not be given the chance. Is it because they will
retire the large denoms by year end and Shabibi will revalue after that?
SFMedic: NO MATTER WHAT LOGGER THERE WILL BE SOME TYPE OF
TIME FRAME TO GET RID OF THE LARGE DENOMS
the baroness: If the RV is in March I only have to hold 60 days
SFMedic: OH OK
georgehb: i hope the time frame will be longer than 3 mos
SFMedic: IT WILL BE EOY
SFMedic: I NO LONGER HAVE ANY SHORT TERM IQD
Topguner: Med was saying earlier it most likely wont be a float
Topguner: so it should stay fixed until they reval again
SFMedic: NOT SURE TOP
SFMedic: JUST DEPENDS ON HOW THEY ARE PLANNING IT
SFMedic: AS YOU SEE THERE WAS AN ARTICLE YESTERDAY FROM
THE MOF
SFMedic: HE SAID THEY CAN SUPPORT THE REMOVAL OF THE 3 ZERO’S
SFMedic: NOW IF IT WAS A LOP THEN YOU DON’T HAVE TO SUPPORT
ANYTHING
SFMedic: CUZ YOU DEVALUED YOUR CURRENCY
SFMedic: BUT HE GAVE SOME TELLING INFO IN THAT STATEMENT
SFMedic: SAYING THEY COULD COVER IT
SFMedic: ALL DONE