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

hey sgs, just like to say a big thanks to you for your posts,
i for one find it keeps me informed and up to date when i get the chance to sit down and read.

alan

Originally Posted by Adster

Thanks, not seen or heard anything on any forum for Saudis debt. Is there an official article stating this that you put on Susie? If so I'll go hunt it out.

Yes there was a news article on it. I remember reading it.

Originally Posted by shotgunsusie

au contrare!! seeing the rate on the cbi and watching it i would say it is reflecting the sdr with the decimal place moved three spaces.

Susie, forgive my ignorance here but... what is "sdr"?

After being on hold for 1 hour I finally got the answer.lol. If you hold it for more than 1 year the profit will be taxed capital gains at 15%. If you hold it for less than 1 year, you will pay earned income taxes at what rate it puts you in for that year ( although the tax will be put on schedule D). That is straight from the IRS.

Have a look at this guys. Have a look at Jordans and Kuwaits exchange rates, quite interesting to compare. Jordans was certainly given a huge lift. Let's hope the same happens for Iraq asap....


http://users.erols.com/kurrency/asia.htm

Iraqi Parties Work Out Security Details
Iraqi political parties have agreed that every security checkpoint in Baghdad will have an equal number of Shiite and Sunni troops in an effort to ensure the security forces do not allow sectarian attacks, officials said Tuesday.

Originally Posted by Justpraying

Yes there was a news article on it. I remember reading it.

Originally Posted by Adster

Thanks, not seen or heard anything on any forum for Saudis debt. Is there an official article stating this that you put on Susie? If so I'll go hunt it out.

http://www.rolclub.com/107858-post842.html
there is one you posted, lol, im headed to find another one.

Originally Posted by TheBrain

Same day reval?

In case Susie is busy it's Special Drawing Rights of the IMF.

Factsheet - Special Drawing Rights (SDRs)

Thanks Brain. Very useful info.

With effect from January 1, 2006, the IMF has determined that the four currencies that meet both selection criteria for inclusion in the SDR valuation basket will be assigned the following weights based on their roles in international trade and finance: U.S. dollar (44 percent), euro (34 percent), Japanese yen (11 percent), and pound sterling (11 percent).

Originally Posted by shotgunsusie

http://www.rolclub.com/107858-post842.html
there is one you posted, lol, im headed to find another one.

Yea, there is this one but it's not a definite answer to the debt issues, 'considering it' yes......

Thanks anyway.

Originally Posted by shotgunsusie

http://www.rolclub.com/107858-post842.html
there is one you posted, lol, im headed to find another one.

Investor's Iraq Forum - View Single Post - Saudi preparing to forgive debt