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

Originally Posted by Dr. Mike

I feel that it should be before or at least with it. Otherwise what prevents other countries or large corporations from going in and buying them up.

After everything I've read over the last year I feel the same.

Originally Posted by shotgunsusie

it was ALL done within ONE NIGHT in germany.
they will revalue BEFORE they hand out that 10000 dinar so ppl dont spend it before appreciation.

....and that was back in 1948. Technology has changed just a tad since then.

Shotgunsusie,
Do you think they will peg to the SDR basket. And it be the recent figure of 1.48 there abouts or are you still holding to 1.20.
Thanks
LIT

Originally Posted by Dr. Mike

I feel that it should be before or at least with it. Otherwise what prevents other countries or large corporations from going in and buying them up.

Would that really be the case? Maybe the FIL will have restrictions on how much foreign investors can invest and limit its ownership in terms of percentage, so Iraq has the major share regardless.

Guys, have a look at this, it's at an all time low which is good for us!!!

1854 is an all time low....


Currency Converter

Originally Posted by shotgunsusie

it was ALL done within ONE NIGHT in germany.
they will revalue BEFORE they hand out that 10000 dinar so ppl dont spend it before appreciation.

And they'll give it back to the economy in the way of buying food, household stuff etc. Everyone wins. :0)

Originally Posted by postcon

Would that really be the case? Maybe the FIL will have restrictions on how much foreign investors can invest and limit its ownership in terms of percentage, so Iraq has the major share regardless.

I thought I read an article this morning that Susie posted that indicated this?? It mentioned something about disagreements among parliament because the law draft lacked wording to prevent Iraq from being consumed so-to-speak. The concern was that investors would come in and overrun Iraq from a busines POV.

Originally Posted by CharmedPiper

Okay guys...since it looks like somebody has a "gag order" on the press...let's be constructive...My husband just spent 14 months in Iraq with the Army as a company 1 sgt. He was stationed in Tikrit "Big Sunni Area"...He said that when he was out on patrols and talking to civilians (he had 2 interpreters with him) that they would tell him that suicide bombers usually got paid $100 USD to carry out a suicide attack...most usually did it for the money for their families. His opinion is that the one sure way to immediately drastically reduce the violence is to make it "more profitable to stay alive than carry out a suicide mission" hence...if their currency is valuable and they realize how valuable then fighting for their country and countrymen profits all Iraqi's and they can see the light at the end of the tunnel and their families will not only be able to afford the basic necessities but will prosper for generations to come. He also said that the insurgants are usually do not carry out the suicide bomb....THEY RECRUIT a local who is desperate. Eliminate the desperation and your insurgant has a tough time recruiting and hopefully will go home...Remember most Iraqi's are very poor so an outsider most likely is providing the $100 USD...what a vicious cycle.....COME ON IRAQI GOVERNMENT REVAL AND SAVE YOUR PEOPLE!!!

Great post Charmed. Very insightful.

Originally Posted by CharmedPiper

Okay guys...since it looks like somebody has a "gag order" on the press...let's be constructive...My husband just spent 14 months in Iraq with the Army as a company 1 sgt. He was stationed in Tikrit "Big Sunni Area"...He said that when he was out on patrols and talking to civilians (he had 2 interpreters with him) that they would tell him that suicide bombers usually got paid $100 USD to carry out a suicide attack...most usually did it for the money for their families. His opinion is that the one sure way to immediately drastically reduce the violence is to make it "more profitable to stay alive than carry out a suicide mission" hence...if their currency is valuable and they realize how valuable then fighting for their country and countrymen profits all Iraqi's and they can see the light at the end of the tunnel and their families will not only be able to afford the basic necessities but will prosper for generations to come. He also said that the insurgants are usually do not carry out the suicide bomb....THEY RECRUIT a local who is desperate. Eliminate the desperation and your insurgant has a tough time recruiting and hopefully will go home...Remember most Iraqi's are very poor so an outsider most likely is providing the $100 USD...what a vicious cycle.....COME ON IRAQI GOVERNMENT REVAL AND SAVE YOUR PEOPLE!!!

I totally agree!!!!!!!!!!!!!

The proposal Virtue block grant university students a monthly bonus and pay for staff such as Eid al-Fitr welcome in the House of Representatives and the Ministry of Finance. The deputy Virtue Karim have deployed that the proposal calls for university students monthly grant of one hundred thousand dinars, and to help them to perform their jobs scientific and pushing for greater excellence.

Something caught my eye on the reference to 100,000 dinar for students and staff. It's a monthly bonus. Any thoughts on this regarding the r/v? Thanks