Thread: Iraq/Dinar News until 5PM CST May 10,2007

Originally Posted by RfxLady

If he was told on the 3/26, 60 days forward would be 5/26.

Which falls in line with the Oil Summit......coincidence ????

Originally Posted by readytogo

No need to apologize. Just foolin with ya. Welcome to the club!

I am on the phone with snottynose right now talkin about you.

Originally Posted by Hardwood

Question for Susie- Have you played out the possibility of the Dinar NOT revaluing before the ISX opens? I know you believe that cannot happen, but I just wondered if you have played it out in your head just in case?

I think you are right, but wouldn't be surprised if the Iraqi's did nothing with the Dinar prior to the ISX opening.... after all, it's sorta been "open" this whole time, hasn't it?

I'm prepared for just about anything at this point. I'm not in dire need of the Dinar revaluing as I am financially sound. I have plenty of patience.

The Iraqi's on the other hand are running out of time.....

well, we know on one hand that the iraqis might do any durn thing imaginable to irritate some of these investors on this forum. then, on the other hand, youve got signatures on the ici from iraqs GOI that says in order for them to get some of the debt relief and possibly even more they gotta make economic alterations. weve read what these are. they gotta get those banks and that isx hooked up together to operate in a modern day manner financially. the days of the chalkboards are over.

the cbi was shut down for a time, probably to update their electronics and prepare to hook up to the rest of the country. now there is a report that al rafidian site is down and has been for days, no doubt updating their electronic system. the isx has been doing that for months and they were reported to be ready by beginning of june. all these systems hooked together to form an advanced financial operation for iraq which is obviously needed in order to handle large volumes of transactions.

so i believe when they get prepared in the financial community to open up business to the world they will do so with a revalued dinar. will it be before the isx opens to the world? yeah, weve all known how to invest in the isx but the average joe investor doesnt or feels it too volitile to consider at this juncture. our investment in the isx has kept it afloat until they could open it up to the rest of the world im convinced. call us the lucky ones who got in on it when it was low. doesnt mean it wont do a reverse split but thats the name of the game in stocks. but yeah i believe they will have a revalued dinar price before telling that average joe investor to buy some iraqi stock.

now, to answer if i have considered it not revaluing before the isx opens? i will instruct warka to take my holdings and purchase stock with it right away because when they open that country to the world that stock will start to trade and it will start to go up quickly. faster than the price of dinar will rise undoubtedly and i will take the profit from that and keep it in dinar so as to enjoy the continued rise of the currency value.

these boys arent the brightest bulbs in the governmental lamps but they realize they need to watch that oil investment closer since it is their livelihood for a long time. and since they realize that, i would venture to guess they are aware of selling their stock at 1260 dinar to the dollar would be in essence giving it away.

Originally Posted by noced71

......woot.

It all sounds good to me!!!!

Sarah!!!

Wow!!! Susie, I think you really know your stuff.

Woot for the Loot! To SGS, as always...

Originally Posted by whatever

Woot for the Loot! To SGS, as always...

now thats a good one!!

Iraq rejects swapping Russian loans were not repaid oil
06 / 05 / 2007
The Iraqi Prime Minister Nuri al-Maliki participants in the international conference on Iraq held in the Egyptian resort of Sharm el-Sheikh to write off the debts owed by Iraq.

The 52 countries of the world had written off the debt of Iraq in whole or in part, including Russia.At the same time, Russia is still one of the largest creditors of Baghdad along with Saudi Arabia, Kuwait and China.

It should be noted that some creditors, including Russia hopes to be "swap" is still deserves to Iraq's debt to them the right of access to oil fields in Iraq. However, the Iraqi statement by Finance Minister Jabr announced his rejection of this method to resolve the debt issue. He singled out Russia, the Iraqi minister pointed out that the Russians want to invest in the Rumaylah oil field in exchange for the debts are settled.

In addition to the debt issue is the other main theme before the Sharm El-Sheikh conference that the "document of the International Iraq" a special international convention helping Iraq. But the international express their readiness to assist Iraq in reforming the mass calling the Iraqi authorities to restore security and stability and to implement political and economic reforms needed over the next five years will determine the volume of international assistance to Iraq in the light of the success of Baghdad in achieving this task.

(""Comersant" May 4, 2007-Novosti news agency)

marsadiraq.com

Friends, the exciting news for today revolves around the electronic systems being ready to go soon for the ISX.

The company that was awarded a five year maintenance contract on top of the installation is www.omxgroup.com

Check out this company and their professionalism . I had fun looking at who were their main shareholders as well.

Once you checkout OMX, you will never doubt the Iraqi bourse, ISX ( Iraq Stock Exchange)

I remember...when they were hoping to be on GO last fall. In December, a group went for training on the electronic equipment for 30 days. A group also went for training 30 days in February, 2007. Equipment came into Iraq this Spring which had defects and needed to be replaced. The FIL was passed but the delay was implemented. Possibly because of the electronics and the RV.

Bottom line...we are close...the ISX will be great...(even Vietnam had the most successful bourse in the world last year)... Mr. Shabibi the Governor of the Central Bank of Iraq thinks a high RV will help bring money into the banking sector....Just imagine...a high Rv will mean funds put into the banks...when one of their goals is to promote banking....

Love and Hugs from Inquisitive