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

Originally Posted by Dinar Cha Ching

I'd take it in a heart beat. I've always believed 1260 was a bogus number just as the magic number 1345 turned out to be. 1260 will come and go and our RV will be over 1:1.

That's my bro!

UN official to travel to Saudi Arabia to sort out Iraq debt

Politics 5/7/2007 11:12:00 PM



UNITED NATIONS, May 7 (KUNA) -- Ibrahim Gambari, the Special Advisor to the Secretary-General on the International Compact with Iraq on Monday said he is planning to visit Saudi Arabia "soon" to sort out the Iraqi debt.
He told a press conference here following his visit to Sharm EL-Sheikh where he attended the launch of the International Compact with Iraq that he will be accompanied on the trip by Sinan Al-Shibibi, the Governor of the Iraq Bank.
"The Saudi-Iraq relation is very complicated. There are elements of the debts that need to be reconciled because the Saudis have a sense of how much is owed, and the Iraqis have a slightly different sense of how much is owed," he said.
Also there are official debts and there are debts owed to private people," he added. "They have to sort all that out".
He said he and Al-Shibibi will see how "we can promote a reconciliation of some of these issues where there is difference of opinion between Iraq and the Saudis".
The UN and Iraq co-launched the International Compact with Iraq last week in Sharm El-Sheikh, Egypt, in support of the five-year plan for peace and development in the war-torn country.
Over USD 30 billion in specific financial commitments have been announced so far.(end) sj.bz.
KUNA 072312 May 07NNNN

http://www.kuna.net.kw/NewsAgenciesP...23&Language=en

What's a "Mosh Pit"?

Originally Posted by spice12

What's a "Mosh Pit"?

It's a kind dancing that resembles a demolition derby. Was very popular among teens not that long ago. I think they rated their "Good time" by the amount of injuries they sustained.

Originally Posted by wciappetta

That's my bro!

Right back at you Broski!

[QUOTE=Hkp;198008]Draft of Iraqi oil bill criticized by Kurds, Sunnis

With so many articles of this nature going around, is this true or is it smokescreen? i thought i remembered reading an article that stated the Kurds were pleased with it, or are they just miffed that it is taking so long.

I can't remember anymore, maybe I have been through a mosh pit instead.

Originally Posted by Raditz

Interesting,

a few months back many of us thought that 1260 was just a rate that was set to have something to build there budget on, and would have nothing to do with a RV. But i must admit that it feels like 1260 could be that "magical" number we are waiting for.

And come to think of it, if the budget is based on "1260" moving the decimal 3 steps would make it very easy for them to adjust the budget.

I think, hope and pray that this will soon be over and we will all be smiling on our way to the bank.

i second the motion, all in favor...

that is how easy it is, just three words, all in favor

Originally Posted by wciappetta

It's a kind dancing that resembles a demolition derby. Was very popular among teens not that long ago. I think they rated their "Good time" by the amount of injuries they sustained.

LOL still very popular, they basically beat the bejeebers out of eachother by body slamming and throwing themselves down, my son plays at concerts, creates much moshing, hahahhaa.....even hubby gets in there! I still don't understand why they have the urge to do that!

Number of banks 18 -----
Auction price selling dinar / US $ 1264 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 87.865.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 87.865.000 -----
Total offers for selling (US $) ------ -----

Gooooooooooooooood Morning Rolclub

I say by the end of this week, (the Thursday auction) we'll be past 10 trillion dinar extracted from the economy


"The More They Take, The More We Make"
"Stay the Course, its the difference between Winners and whiners"


9.82 Trillion taken out and still the Party has not started


1. "1" Dinar rate change today, it was 1265, it is now 1264

2. A (net) worth of dinars, IQD - 111,061,360,000 pulled out of circulation today 5/8/07.

3. 18 banks participating today

4. 138th auction since the beginning of CBI's reval plan

5. 220 days into the CBI's reval plan. (Seven Months +)

6. 9,822,600,821,000 dinars pulled from circulation !!

6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 7,177,399,179,000

7. "0" Dinars back into circulation today

8. 213 dinar change since Oct 1st (baseline was 1477) 14.421% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 3 point reduction in the rate so far this week. Was at 1267 at the end of last week, 1264 so far this week.

10. 5 point drop in the month of May. Ended at 1269 in April, now stands at 1264
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.
In March we saw a .546% drop in the rate.
In April we saw a .3142% drop in the rate

Originally Posted by wciappetta

It's a kind dancing that resembles a demolition derby. Was very popular among teens not that long ago. I think they rated their "Good time" by the amount of injuries they sustained.

Don't you know that dentists (tongue bolts...) and orthopedists love this generation. Some years ago we went $thousands in the hole when my teenaged daughter was knocked flat by someone flying OUT of a mosh pit, (she wasn't even in it...) and sustained a classic football injury to her knee. I don't think childbirth held a candle to that particular pain. I felt lucky to have raised her to adulthood more or less in one piece.