Thread: Iraq/Dinar Until June 9th 1PM CST

Originally Posted by screwball

Lunar: This is excellent news! Now we just need an RV and for the ISX to open up!

Agreed screwball....thanx

Originally Posted by rvalreadydang

it's actually the fact that they are suddenly listing it that has me curious...that along with the art i posted earlier on the conference calendar for banking they seem to be doing alot of preparations quite quickly.

I hear you - seems like they can't tippy-toe around it much longer without stepping on it!

That's what I was getting at with the previous article about the decline of the dollar and the fact that Kuwait has set the precedent - it's in Iraq's best interest to peg to a basket of currency, rather than just the dollar. The dollar has declined 10% in the past year, while the dinar change according to Socata is somewhere above 14% I believe, which gives them only a 4% increase in purchasing power. Seems like spitting into the wind as far as a method of controlling their double-digit inflation.

Originally Posted by zipper

It's possible that Iraq may follow Kuwait's lead by pegging their currency to a basket of currencies rather than just the dollar, but we won't know until they do it. I don't know if Kuwait determined their own 'basket' composition or the SDR rate, though I remember seeing reference that their basket was 75% dollar. I wouldn't spend a lot of time checking on the SDR rate unless you are just interested in it; unfortunately it won't give us any clues as to what the GoI might do.

Pegging to the SDR basket might be the most stable approach for setting the exchange rate. Suddenly referencing SDR has some bearing. If they use historical levels then we might be looking at 2.53 SDR. SDR= 1.48 USD hmmm I could live with $3.74 how about evryone else?

Originally Posted by wciappetta

Pegging to the SDR basket might be the most stable approach for setting the exchange rate. Suddenly referencing SDR has some bearing. If they use historical levels then we might be looking at 2.53 SDR. SDR= 1.48 USD hmmm I could live with $3.74 how about evryone else?

Sure! Once I was resucitated...

a few who have gathered for almsot 2 years have thought that pegged to the SDR would be a strong possiblity but it was only a thouhgt not a rumor just good old fashion thinking

"if they were smart this would be the best thing to peg to". Guess time will tell how smart the group is, ahead of the curve for sure

Originally Posted by Lucky142

I always wonder what people have on their mind when they post a date as:
1/6/2007 or 6/1/2007.

Don't people know that this could mean January 6, 2007 or a June 2007?

Is there clouds or is there just a lack of compassion for those who like up to date news and can't tell the difference?

My best guestimate is this article is related to 1 June 2007

Smile!

some other countries use the day/month/year when they reference the date whereas americans use the month/day/year. iraq is one of the countries that dates different than we do hence why some of these articles are dated as such. they arent posted like that to confuse people, they are simply copy/pasting the articles as they are.

Stop the Theft of Iraq's Oil in DC on June 5th | AfterDowningStreet.org

Originally Posted by wciappetta

Another excellent turn......security will easily come under control with this move....not much left to do after this is done. baby!

I agree...forcing al-Qaeda out of Iraq is major.

Originally Posted by Inscrutable

Stop the Theft of Iraq's Oil in DC on June 5th | AfterDowningStreet.org

Please, please, never link to this site again....

Talks to establish a common market and commercial exchange between Iraq and Kuwait

Luna / 6-3 / Basra / The Chairman of the Economic Development Commission in the Basra governorate activist Abdul Muhsin dagger that Iraq Kuwait working to prepare a study for the establishment of a common market and commercial exchange disseminated and developed them.
Muhsin said in a statement to the Iraqi national (Luna) that several contacts with the Kuwaiti side was initially agreed on the trade exchange between the two regions, especially after the talks held between a delegation of members of the Chamber of Trade Basra and Kuwait Chamber of Commerce where coordination for the establishment of the State of Kuwait with the parties to preceded by a microcosm for the purpose of the raises included in the meeting and the preparations for the conference and the number of participants and the most basic points which will hinge upon the work of the Conference.

.

.
Muhsin added that the agreement between Kuwait and Basra will be with companies that have expressed willingness to enter into investments in the fields of ports, oil, airport, transportation, pointing out that the local government in Basra working to promote trade and the establishment of investment projects, but the major obstacle faced by a central decision.
He stated that the local government can not conclude an agreement without reference to the Center and this Maiorkel work / / completed / p u / oo / economic.

Translated version of http://www.wna-news.com/inanews/news.php?item.4330.5