1. Proposing that the government of Kuwait might have been allowed to do this as a way to get repayment from Iraq.
2. Proposing an alternative thought that suggest the banks in Kuwait are just trying to make money and bolster their reserves
Very similar proposal to what I said in my posting here. Cool! I'm not so weird afterall! Or, maybe there's just 2 weirdos out there? ;)
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Rumor, intel, educated guesses, blue couches, and first hand reports...
Let's do a 'WHAT IF...' for a second. For the sake of discussion, we will allow the 'rumored,' debunked,' 'witnessed,' and 'confirmed' Kuwaiti exchange rate be 1 IQD = .1 KWD.
What if... Kuwaiti nationals and Iraqi migrant workers in Kuwait have been allowed to exchange IQD for KWD? What are possible scenarios that could allow for this? We know and are certain that the IQD is not yet internationally recognized. Iraq has not had the final sanctions lifted from Chap. VII (to our knowledge) and the CBI has not released the new value. So, what is it that could be happening in Kuwait IF reports are true?
Proposed: Perhaps it's a move by the government of Kuwait? Maybe they've authorized select banks to exchange at the stated rate in order to 'gather' more IQD into their coffers prior to revalue/reinstatement. Kuwait has always wanted their debt paid in pre-RV dinar... this could be a way to extract some (and a little shot in the short ribs to Iraq if they're actually exchanging for Iraqi's at work in Kuwait - depriving them of higher gains.) Or, alternatively, perhaps it's the banks themselves making the move to bolster their IQD reserves while IQD is unable to cross international borders. Is it possible that they know (or maybe have received a 'heads up') as to the rate and know they will realize a 900% profit buying it at what equates to 35 cents USD? As Agaperk has said before, "Banks are in this to do one thing: MAKE MONEY." They do not care nor worry about your feelings or futures. They want ALL the money.
Both scenarios are plausible. It's not really different from a situation where you bought from DT or DB for $1000 for 2,000,000 IQD (back in the day) and calls you now to ask to buy it back from you for $3000. You make money and are rid of what's 'worthless' in the eyes of the world. They have more to hold onto or sell for greater profit. Nothing's changed in the recognized value - it hasn't been released - but it's been 'exchanged' none-the-less and the CBI, Shabibi, the GoI, Maliki, the IMF, the UN, Obama/Biden, nor anyone else had ANYTHING to do with it.
I've put this out because none of us knows the intricate details of the decisions being made regarding the IQD. What's more, for the very same reason, we can't honestly 'bash' the 'intel' or assessments of another.
NightWing (li'l bro
,) Agaperk, Enoch, and others have promoted ideas that have, like a small snowball, gained momentum in my less-than-exceptional gray matter and turned into an avalanche of thought which led me to post this. Further, having seen the tremendous amount of bashing Okie, TK, gankans, et. al. have received, I thought we could use a little distraction and out-of-the-box reflection. So - is it possible that Kuwait's cashing in (or were able to for a 24 hour period - which by the way, is GENIUS - make it a 'limited time' offer and people riding the fence will jump at desperation) and other GCC countries are figuring that they can as well?
As the old Tootsie-Pop commercial said about how many licks it takes to get to the chewy chocolate center of a Tootsie-Pop...
"The world may never know."
MLTTH,
Catmandu
Let's do a 'WHAT IF...' for a second. For the sake of discussion, we will allow the 'rumored,' debunked,' 'witnessed,' and 'confirmed' Kuwaiti exchange rate be 1 IQD = .1 KWD.
What if... Kuwaiti nationals and Iraqi migrant workers in Kuwait have been allowed to exchange IQD for KWD? What are possible scenarios that could allow for this? We know and are certain that the IQD is not yet internationally recognized. Iraq has not had the final sanctions lifted from Chap. VII (to our knowledge) and the CBI has not released the new value. So, what is it that could be happening in Kuwait IF reports are true?
Proposed: Perhaps it's a move by the government of Kuwait? Maybe they've authorized select banks to exchange at the stated rate in order to 'gather' more IQD into their coffers prior to revalue/reinstatement. Kuwait has always wanted their debt paid in pre-RV dinar... this could be a way to extract some (and a little shot in the short ribs to Iraq if they're actually exchanging for Iraqi's at work in Kuwait - depriving them of higher gains.) Or, alternatively, perhaps it's the banks themselves making the move to bolster their IQD reserves while IQD is unable to cross international borders. Is it possible that they know (or maybe have received a 'heads up') as to the rate and know they will realize a 900% profit buying it at what equates to 35 cents USD? As Agaperk has said before, "Banks are in this to do one thing: MAKE MONEY." They do not care nor worry about your feelings or futures. They want ALL the money.
Both scenarios are plausible. It's not really different from a situation where you bought from DT or DB for $1000 for 2,000,000 IQD (back in the day) and calls you now to ask to buy it back from you for $3000. You make money and are rid of what's 'worthless' in the eyes of the world. They have more to hold onto or sell for greater profit. Nothing's changed in the recognized value - it hasn't been released - but it's been 'exchanged' none-the-less and the CBI, Shabibi, the GoI, Maliki, the IMF, the UN, Obama/Biden, nor anyone else had ANYTHING to do with it.
I've put this out because none of us knows the intricate details of the decisions being made regarding the IQD. What's more, for the very same reason, we can't honestly 'bash' the 'intel' or assessments of another.
NightWing (li'l bro
,) Agaperk, Enoch, and others have promoted ideas that have, like a small snowball, gained momentum in my less-than-exceptional gray matter and turned into an avalanche of thought which led me to post this. Further, having seen the tremendous amount of bashing Okie, TK, gankans, et. al. have received, I thought we could use a little distraction and out-of-the-box reflection. So - is it possible that Kuwait's cashing in (or were able to for a 24 hour period - which by the way, is GENIUS - make it a 'limited time' offer and people riding the fence will jump at desperation) and other GCC countries are figuring that they can as well?As the old Tootsie-Pop commercial said about how many licks it takes to get to the chewy chocolate center of a Tootsie-Pop...
"The world may never know."
MLTTH,
Catmandu
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