Thread: Iraq/Dinar News. 09/05 to 01/14/07

MrsCK,

It is the non-farms payrolls report and one of the biggest forex movers of the entire month!

I know this for fact since my trader makes $$$ every first friday of each month via straddling this move.

Good luck

Iraqi and British Forces launching a Plan to reconstruct and restore security in
Basrah

October 03, 2006

The British military spokesman, Major Charles Burbridge, said that Iraqi and
British forces started operation "Sinbad" in Basrah (550 Km. to the south) in an
"attempt to improve the living levels of the people through repairing the light
posts in the streets and removing the garbage". Other projects like
reconstructing hospitals, repairing water distribution nets and providing pupils
with the necessary requirements will start under the protection of the Iraqi and
British forces.

The spokesman confirmed that "The M.N.F is providing the suitable security frame
for the Iraqi forces to enter certain districts and help the reconstruction
process and support Iraqi engineers and contractors". Burbridge continued that
another element has been added to the plan and that is to rid the police force
from the militia members who penetrated it. He considered "the key to success in
Basrah is providing a secure enough environments that enables Iraqi security
forces from controlling things here and then hand over the security file to it.
Thus, the existence of the M.N.F. in the streets will be reduced.

This operation is expected to go on till the first months of next year. Seven
thousands British soldiers are spreading in the south of Iraq.117 of them got
killed since the invasion in March, 2003.

The reaction of people in Basrah towards this plan ranged between welcoming and
criticizing it:

Fatima Hussain, a principle of a primary school, said "We are very glad to hear
about this plan being carried out by the British forces who offered a lot of
help to our schools and children in Basrah. Without these forces, chaos would
have prevailed in the city."

Navy officer, Kareem Hussain, said "The American forces must prove the
credibility of the promises it made before the war, through activating the work
in humanitarian projects." He added that what the Iraqi really needs is the
improvement of health and service facilities.

Jamal Musa, an official in the Iraqi General Company of ports, said "In stead of
constructing children playgrounds and decorating schools, they should be
building hospitals which Basrah needs most." He, also, demanded to "solve the
problems of water and electricity." He pointed out that "the existence of the
British Forces is one of the reasons of deteriorating the security status (…)
They are harming the people and not protecting them."

How ever, a France Press correspondent watched thirty British soldiers fixing up
the doors and windows of a school at Al-Baradhi'ia where the British and
American consulates are located, while others were busy digging foundations for
constructing children playgrounds. (Source)Alwatan

Originally Posted by WebGuy75903

Okay, I finally had an idea hit me. We're all speculating on when the dinar is going to reval, right? Well, why don't we just end all the speculation... Anyone have Maliki's e-mail address? Or Shabibi's? I'm sure Talibani has his own e-mail account. One carefully, yet pointed, e-mail sent to any one of those individuals should yield the proper answers. :)

too late, someone already tried that route...lol

sgs still alive after that big wave today hang on tight girl

Originally Posted by Adster

All about buying power, at a rate of 1460 they have to spend that amount to the dollar for everything they import costing them a fortune. For them to be back in the world markets they need to be able to compete and import goods to help rebuild their economy. Electronics, goods, buidling materials etc, with a r/v rate of say 1:1 they're not getting ripped off for everything they buy/import. Healthier economy means jobs, improved security, lower inflation and a happier nation with money in their pockets.

Think about it, the current rate is artificial, they have the second biggest oil reserves in the world making them potentially one of the richest. Do you think it makes sense for them to sell off their country at their current pathetic rate?

We know the MOF has said he wants to give the people something back, and we also know he said parity as before or similar to neighbouring countries.

Don't lose that winning lottery ticket. :0)

not to mention that they want iraqis to forget about the dollar so they make the dinar worth MORE and iraqis will forget how to spell U S D !

Originally Posted by Adster

Oh yes, similar to the 10 million dinar that's been awarded for Sports and Youth rebuilding. Amounts to about $7500, not even build a decent shed for that, lol.

Makes ya think that all these amounts that are now appearing are amounts that have taken in a r/v into their thinking/working out.

psst, coz they submitted the budget with the revalue price figured in. lol

Originally Posted by Offshore-Wealth.com

Interesting,

Good strategy for sure, always follow the big money if you want to be safe investor, and with all the activity focused on Iraq, you can bet on it we are about to see things pop, in fact, explode, so hold on, we are almost there. One of the first stocks to purchase on ISX are bank stocks. (g)

Good luck to all, Mike

YEP! already got em and theyre makin money honey!!
want to work into other construction/rebuilding stock next.

Originally Posted by shotgunsusie

reading along fine and i stumble against this smart aleck negative comment. cmon dude, be productive here....

Funny,

Now, now Susie, everyone is allowed to get a little frustrated, and Danny is a good guy, so lets just stay on topic, pretend to be a duck and let it roll off you back, OK?

Peace, Mike

Originally Posted by postcon

Suffice to say that those who know ain't telling anyone! There is a lot at stake here so any leak would be nigh on impossible to publish in a public forum. Those who have provided dates so far have solely based it, in my opinion, on assumptions with a strong hunch what with all the positive news that's been filtering through in the last few weeks.

not to mention the little law they passed last week about leakin info out of the press. lol

stay postive danny were almost there buddy we can see the light at the end of the tunnel stay postive and come on dinar my villa is also waiting