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

Well, i thought giving away $15000 would be a heck lot of money, but I guess I am wrong

Originally Posted by conan

$15,000 is a drop in the bucket compared to what their neibors to the south (kuwait) get a month?

Explain why this would be negative news??

Originally Posted by opps50

Well, i thought giving away $15000 would be a heck lot of money, but I guess I am wrong

$15,000 is a lot of money but $6.78 would be more trouble to distribute then it's worth. If they did this at the same time as a revalue they could make sure even the poorest people got a little piece of the action. The chance to make the good money will be when it revalues & this would help out the ones with no money, it's a one time shot so why not give it to them.

Originally Posted by Webster

If we fly to the UAE after the dinar has revalued of course and cash in smallish amounts of dinar at a bank there, say under $10,000.000, would that be possible you think or would we need an account there? Also, I would be toooooooooooooo scared to go to Bagdad but how about visit the Kurds. It seems very peaceful there. What would be the result using the same proceedure as above for the UAE???? Maybe I am too far ahead of myself but I guess it is no less important a question than asking about an account at the Warka Bank. Hope you can give us a reasonable answer Mike or anyone in the know. (I am happy that the bananas are dancing again!).

Good question,

There is technically no reason one would need to go to middle east to cash out, so not to worry, as you may have already heard, Chase is exchanging in U.S. already, so save the air fare and risk and find your nearest Chase branch. More will follow, but having Chase already exchanging is a good sign for all of us. It is safer to go to U.S. than middle east.

Good luck to all, Mike

Originally Posted by shotgunsusie

RAMADAN TIPS FOR THE MASSES!

http://www.ynetnews.com/articles/0,7...311189,00.html
and on that note,,, im outta here!!

Does anybody wonder why they're so angry all the time?

Originally Posted by shotgunsusie

RAMADAN TIPS FOR THE MASSES!

http://www.ynetnews.com/articles/0,7...311189,00.html
and on that note,,, im outta here!!

Originally Posted by zipper

Does anybody wonder why they're so angry all the time?

This just opens the door to so many jokes that I'm finding hard to resist the urge... But I will do so, because they would be a bit "wrong". So having said that, why don't we just move on to the next topic, because if anyone else posts anything regarding this, I'm afraid I might be at risk of being banned because, man, this is just too funny. You all don't know me, but I crack jokes at everything. And this is just way too tempting.

Next Topic, Please, and thank you.

BAGHDAD (Reuters) - U.S. Secretary of State Condoleezza Rice flew into Baghdad on Thursday for a previously unannounced visit, Iraqi officials said.

Rice has been on a tour of the Middle East, having already visited Israel, the Palestinian Territories, Egypt and Saudi Arabia. She was likely to hold meetings with Iraqi government officials, including Prime Minister Nuri al-Maliki.

U.S. officials have been putting pressure on Maliki's Shi'ite-led government to reign in militias blamed for much of the sectarian violence ravaging the country.

Washington has made the training of Iraqi security forces the focus of hopes to start withdrawing 140,000 U.S. troops.

Iraq has taken center stage in mid-term U.S. elections due next month in which U.S. President George W. Bush's Republicans are battling to keep control of both houses of Congress. The unpopular war in Iraq has sapped Bush's popularity and voters are looking for a viable exit strategy.

http://today.reuters.com/news/articl...e-R2-newsOne-5

D. Falah behind spring *
* Faculty of Economics / University of Omar Mukhtar
It was natural to lead the economic chaos to the problems that have faced the disastrous Iraq after that, At the forefront of the three devastating wars, the first against Iran and Kuwait with the second and third ended in the occupation of Iraq and the accompanying claims of such disasters including : -




One huge foreign debt, estimated at more than 120 billion dollars. as well as the emergence of claims for compensation and unjust to impose a huge compensation deducted from the oil revenues two widespread hyperinflation and the collapse of the purchasing power of the Iraqi currency.
Three other catastrophic problems, such as the spread of the manifestations of financial and administrative corruption, the destruction of the environment and depletion of natural resources, the destruction of systems of education, health, food, tearing at the social fabric and the emergence of sectarian tension, the spread of crime.
Based on the foregoing, we find that in the introduction to the tasks facing the government-Maliki as follows :

Translated version of http://www.alsabaah.com/

Opening Najaf Refinery Next Week

05 October 2006 (Iraq Directory)


Iraqi Ministry of Oil announced that the opening of Najaf refinery will be next week.

Assem Jihad, spokesman of the Ministry said "the capacity of Najaf new refinery is ten thousand barrels a day.

He added that the liquidator will produce quantities of kerosene, black-and-white oil and gasoline to fulfill the local needs and provide local plants such as cement plant in Najaf and others with such materials.

He added: "The reopening of the refinery was in such a short period of time". Jihad explained that this is the second refinery that enters the production field, after Samawah liquidator, since the fall of the previous regime.

He pointed out that the Oil Ministry announced that Al-Ahdab field in the province of Wasit will be the first field to be developed to produce 30 thousand barrels per day. It is planned to increase production over the next two years to 90 thousand barrels per day which will make it possible to establish a very large electricity station in this field.

Jihad continued "the field of east Baghdad will be developed, to produce 16 thousand barrels a day; then increase to 30 thousand barrels per day during the next term according to the ministry's plan.

He added "this field, which will feed Al-Quds thermal processing electricity station with fuel, will be developed for export purposes later.

Source: Al Bayan

Translated by IRAQdirectory.com Team

Opening Najaf Refinery Next Week | Iraq Updates

Originally Posted by Adster

That's why my worst nightmares are of this dragging into the first quarter of 2007. I'll have no hair left by then!


What gets my back up is the big boys are itching to get in, so open the doors and let them....

Hi Adster, I've used this statement on my wife when I'm in the mood! But I always get hit. It might not work on the Iraqis either.

Originally Posted by frathousemicrowave

$15,000 is a lot of money but $6.78 would be more trouble to distribute then it's worth. If they did this at the same time as a revalue they could make sure even the poorest people got a little piece of the action. The chance to make the good money will be when it revalues & this would help out the ones with no money, it's a one time shot so why not give it to them.

Okay there are 25 million Iraqi citizens X 10,000 dinar. That means that 250 billion dinar. If this is true I don't see a reval of any large size. Am I wrong here or is this not real good news?