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

Good reasoning Adster, I like the way you think.

Originally Posted by WebGuy75903

This statement brings up a question for me, and it's not necessarily directed at you, Z, but nonetheless, I'm piggybacking off of your statement to pose my question: For the last three weekends, people (myself, included) have speculated that the dinar would revalue during each of those weekends. What news, or information, or even sources, point to this weekend as one more possibility of a revalue? If the FIL is signed and is a done-deal, then supposedly, it has been for a few weeks now. So nothing on that front has changed to make me think that yeah, this weekend could be it. The Hydrocarbon Law isn't due to be signed until the 12th. If their politics run in any fashion of similarity to ours (The United States), then even after signing a law, there's usually a grace period before it goes into effect. Is Iraq a bit different, in that once a law is signed, then it's considered enacted immediately?

I guess what I'm trying to say is, I would love to believe that this week (or this weekend at the latest) could be it - But having believed that for the previous three weekends (and frankly, annoying the heck out of my wife for spending every free five minutes I had, in front of the computer, checking this forum, and other sites), I think I am looking for something that would actually point to this weekend as probable.

I am not in any way speaking, or even thinking, negatively of those who have posted rumors saying it would happen during the previous three weekends, when it didn't. That is not at all what I am trying to say here, so please understand this is not an attempt to bash or to convey ill thoughts towards others. It's simply a matter that unlike the past three weekends where there were articles that seemed to point towards an impending reval, I've not seen anything like that for anytime within the next four days. What have I missed, because I have heard from a few people that say they expect something to happen this weekend. What is fueling those expectations? Thanks so much...

First, it seems like progress is being made with the Hydrocarbon Law and the federalism issue. Part of the HL, I am assuming, must stipulate how oil revenues are distibuted among North (Kurds,lots of oil and want more autonomy) Middle (Sunni, not much oil and believe oil belongs to all Iraqi's) and South (Shia, lots of oil, also want autonomy). The resolution of who gets what is a major step that it seems to me is being made now. The brilliance of the r/v is that it is a gigantic bargaining chip. Each faction is wrangling to get as big a piece of the pie as they can. However, no matter how bad things get they would be rank *****s to walk away from the table now. Because they know they will be fabulously wealthy with a succesful compromise and subsequent reval.

As far as what will happen when, that is really anybody's guess. Thanks to all the research by SGS and others we have the luxury of coming here and putting 2 and 2 together and reaching our own conclusions.

It must be said, that they will not come right out and tell us when each of the FIL and HL will pass. This information is obviously sensitive, it seems they would resolve everything then launce the FIL, HC, and RV all at the same time. In the mean time I would not be surprised if they were reading forums like this, allowing "leaks", and rumors out. I am sure that all the rumors that have come and gone since the distribution of the new currency, were deliberately "leaked". This is common to have a campaign of mis and disinformation. That way when the "real" rumor or leak hits the streets people will be so used to fake ones they won't pay attention.

So our best guess based on the information that SGS and others post is really just that, our best guess.

We are getting close and any reasonable person that has read what has been happening could make a reasonable assumption that today would be as good a day as any for an R/V. While the same thing could be said of next wenesday or the wenesday after.

I personally am hoping for any day now, think Ramadan would be a great time to r/v.

Finally, a clear sign of a rapidly approaching r/v will be an end to the dancing banana strike.

Originally Posted by MC Dig

Finally, a clear sign of a rapidly approaching r/v will be an end to the dancing banana strike.

We need it to DANCE!!!!!!!!!!!!!!

Originally Posted by Adster

Just read elsewhere another confirmation of Chase exchanging dinars! Chase Chicago. Excellent, more banks that exchange it the better. Also makes a reprint even more unlikely.

At the risk of being eaten alive on this forum.

I would suggest the only reason the banks are starting to sell dinar is supply and demand. If people want it - they will sell it. I can't see a reason for looking anymore into it than that.

Do they hold it for themselves - have they invested in 'dinar'? That's the more interesting question I think needs to be asked/answered.

I would welcome and hope that others suggestions as to any other reasons why - I will gladly change my mind - I want this to work as much as anyone else.

Also remember that the banks will make money when we cash in and most likely set up an account in that bank.

Originally Posted by Seaview

At the risk of being eaten alive on this forum.

I would suggest the only reason the banks are starting to sell dinar is supply and demand. If people want it - they will sell it. I can't see a reason for looking anymore into it than that.

Do they hold it for themselves - have they invested in 'dinar'? That's the more interesting question I think needs to be asked/answered.

I would welcome and hope that others suggestions as to any other reasons why - I will gladly change my mind - I want this to work as much as anyone else.

Would the banks sell monopoly money if there was a demand for it?

I don't think they would. I think if American banks are selling and BUYING IRAQ Dinar......

It means that they expect it to become an INTERNATIONAL currency in the near future.

This is one way to weed out imposters...!

Caldwell : new uniforms for the Iraqi national police

(Voice of Iraq) - 04-10-2006 | This issue was sent to a friend

Caldwell : new uniforms for the Iraqi national police
Baghdad / Nina / A General William Caldwell, spokesman of the multinational forces in Iraq, will be the adoption of new uniforms for the national police

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Oil : emergency room to contain the crisis gasoline

(Voice of Iraq) - 05-10-2006 | This issue was sent to a friend

Baghdad - Abdel-Latif al-Musawi
Oil Ministry said it formed emergency room to contain the crisis gasoline renewed after the curfew which was imposed last Saturday in Baghdad.
The ministry spokesman Assem Jihad told Al Azzaman »» yesterday that the formation of the Committee aims to take swift and decisive action to meet the growing demand for benzene because of the curfews "He» to that of the actions taken yesterday, the transfer of three, five million liters of gasoline tanker tonnage of 100 oil from the south to Baghdad to urgently meet the shortfall Al.
The Jihad »that the operations room will be taken other actions in the coming days until the return of the production of the refineries to their previous" He »reasons for the increasing demand for gasoline lies in several elements including electricity blackouts, which led to increased demand for the operation of generators and caused the suspension of the production in the refineries, which produced about 12 million liters gasoline day. In addition to the curfew, which was born sudden demand for stations Al. On the other hand, Jihad denied statements made by the official Jordanian spokesman said that Jordan, Iraq sells crude oil at a preferential price of ten dollars per barrel. He stressed that the news »reiterated were groundless from the health" He noted that »preferential rate to Jordan hits 60 dollars Holaitjaoz and a slight decrease compared to the price Watch, referring to the existence of facilities provided by Iraq to Jordan, including accepting revenue from the sale of oil in the form of Jordanian goods needed in Iraq if he is unable to pay the full value in cash Al.

»Azzaman newspaper Al

Voices of Iraq : Wasit oil
Books : jabbarkut on Wednesday, 04 October 2006 8:49 PM-BT

85% of the families in Wasit received shares of kerosene
Abdel Jabbar Safrani
Kut - (Voices of Iraq)
A source in the city of Kut, Wasit governorate Center today, Wednesday, that about 85% of families received their share of kerosene, which is valued at 220 liters per family under the ration card, With the completion of the remainder is expected towards the end of this month to start distributing the second installment of those families.
Added Mr. Salah Mahdi taste member of the Municipal Council in Kut Chairman of the Oil and Gas News Agency (Voices of Iraq) Independent, "is expected to complete the processing of the remaining families before the end of this month to start distributing the second batch of oil between those families, as was done in the first phase."
The municipal councils in the districts and the general aspects of Wasit governorate has started early last August last distribute kerosene between the citizens to maintain readiness for the winter rate of 220 liters per family, according to the ration card.
Tima said that the municipal councils and in coordination with the selected oversee the process of distribution of kerosene and transport it to the citizens all in the home and at twenty thousand dinars per barrel calculated including transport fares.
He pointed out that the number of families officially registered under the ration card in the city of Kut alone amounts to about sixty thousand families while the number of families throughout the province to last until April last 150659 family as the statistics of the Ministry of Commerce, which granted the ration card.
He explained that the process also includes processing displaced families to maintain after the events in Samarra last February and that the number so far in 3418, according to statistics family adopted by the authorities concerned to maintain the same maturity, He pointed out that the processing of these families as a ration card and also by reference to the records of immigrants, and immigrants conservatism.
The council started the adoption of a special coupons distributed among the families of the agents flour for the receipt of their liquid gas cylinder and the rate of one for each family every fifteen days, and at 1750 dinars to one cylinder.
Pertaining

Translated version of http://www.aswataliraq.info/?newlang=ara

Invest oil wealth will not mortgage the Iraqi economy

(Voice of Iraq) - 05-10-2006 | This issue was sent to a friend

Citizens and vice harbor and the ministry assured :
Invest oil wealth will not mortgage the Iraqi economy

Baghdad-Muhammad Hamid Khalil-on-Ammar Khafagi
Divergent views on the law of oil and gas, which allows the private sector to invest oil wealth to be read in Parliament and the vote between supporters and rejecters with the citizens they did not learn after the law to express their views currently lack it. A citizens and deputies fear that this law becomes a tool in the hands of the exploiters Vividoa him at the expense of ordinary citizens expressing fears that the law is subject to the cause of oil wealth for the companies.
With the Oil Ministry has denied such fears, pointing out that the investment excluding extractions »asserting that the law would cause a boom in the Iraqi economy, Al. He says Abdel Aziz Ahmed 30 »» earner learned that allow the private sector to import oil derivatives will increase the exploitation of weak citizens, calling Al b »not be allowed to do so at the expense of the citizen If any oversight by the state would be admitted," he said.
He adds citizen Ahmed Hussein Bahaa »think that this law proves the inability of the State to provide oil derivatives of the citizen in a time when Iraq was ranked first in the crude oil reserve in the world" and points out that this law », we can not succeed due to lack of control and the continued smuggling of the oil products Al . The Ferry »citizen on the matter requires a mechanism for import operations that will be paid by the private sector to ensure that the exploitation of Al law.
»Adding that the solution to the crisis can not be encumbered the way in which this wealth of Iraq's oil companies if allowed to penetrate more Al.
The citizen Walid Mohsen officer »that most citizens were not informed of the law did not understand that, and I oppose it, their Parliament and the Ministry of Oil responsibility to inform the public it is natural that citizens opposed to such a law in light of the fuel crisis and the greed of the exploiters who have only the most profit-draining Al citizen.
And then MP Mohammad Aldaine a list of the national dialogue »rejection of this law, which would be detrimental to the Iraqi people, even the introduction of this resolution on the Iraqi street, also objected to it is a scandal for the oil sector in Iraq, where the law would allow for all companies to invest and export oil for Iraq, whatever the dependency trap Al tires. He added »We know that Iraq is in crisis and fuel, although it is stifling the oil-producing countries and has the biggest reserves in the world and possesses large refineries can meet the needs of the country without the need to import from abroad and is able to filter through the export of surplus from the need to abroad during the crude oil refining.
For her part, the Oil Ministry said that passage of the law »create a flourishing oil sector and oil derivatives will of the citizens" and pointed out that the source in the ministry »paragraphs of the law and has been guaranteed to the citizen and the country right in derivatives and go through all the exploiters and visually Al won.
As for allowing foreign companies to invest in the oil sector and citizens, and economists fear that the condition of Iraq's oil wealth to these companies, the source said that »untrue because the law exempted from the extractive operations that invest in those companies Al.

»Azzaman newspaper Al

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