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

What is the "CBI"?

The big boys, Central Bank of Iraq.

Thanks! :)

My $25K notes are still good, right? Maybe I'll exchange them first before they are phased out! So excited guys~!

Mike, you missed all the fun this morning! lol!

Originally Posted by tiffany

My $25K notes are still good, right? Maybe I'll exchange them first before they are phased out! So excited guys~!

Mike, you missed all the fun this morning! lol!

Course Tiff. And yes he did! Sounds like he needed to sleep in, bless him.

Talking of sleep, 12.45AM here in good old England, time for some zzzzz's, mum in law tomorrow, down to the sunny, (probably rainy) south coast near Brighton for the day. Hope your day was ok Tiff with mama!

Sleep well all, good day indeed, off to dream about large villas like the one below, it has our name written all over it, lol.

Ads.

Yes, my mom-in-law is very sweet but the woman drains me! Lol! just kidding my hubby is reading over my shoulder! Sweet dreams of villas and dinars everybody! :-)

I was reading over at the investorsiraq forum that some people think they will cut off (I think it was called "lop"?) the zeros... I sure hope not!
Karin

Lopping off zeros doesn't sound good at all...even though I don't really understand what it means. If you have a 10,000 note, does this mean that they will just decide that it's only worth 1,000 regardless of what it says on the note?

Caroline

i don't like the sound of that loping either...i got 25,000 and 10,000 dinars....i will hope to cash them in b4 any loping occurs.....man,this is exciting.....good to see u here mike...u and adster sure did a tremendous job for us....i applaud the both of u......clap,clap.....hahaha......seriously...thank s for all u both did.....Pat

Originally Posted by Caroline

Lopping off zeros doesn't sound good at all...even though I don't really understand what it means. If you have a 10,000 note, does this mean that they will just decide that it's only worth 1,000 regardless of what it says on the note?

Caroline

Not going to happen, trust me, been discussed to death on the forums and I have it on 'good' authority it won't happen. Do not worry. Iraq will not screw the investors or they could be outcast by the rest of the world. Remember the US government have a big stash of dinars........

I've been PM'ing a soldier in Baghdad who has seen the smaller notes. He's going to scan them for us to see when he can.


Here we go, first bit of good news for the day. Why are the EU throwing money at Iraq? Because in 2 weeks the dinar will have pegged to the Euro at the rate below in my sig. :0)


EU welcomes appointment of new Iraqi govt
2006-05-21 08:46:11

BRUSSELS, May 20 (Xinhua) -- The European Union (EU) on Saturday welcomed the formation of a new Iraqi government and promised financial support for Baghdad.

"The appointment of the new Iraqi government is very good news," said Benita Ferrero-Waldner, European commissioner for external relations.

"This will be a powerful instrument to help overcome sectarianism, and prevent violence hampering Iraqi development," said Ferrero-Waldner.

The EU promised help for the rebuilding of the war-torn country.

"The Iraqis will not be alone in their next steps toward rebuilding their country. The European Commission will remain actively supportive of Iraqi efforts to build a prosperous and peaceful future," said Ferrero-Waldner.

She said the EU will soon discuss with the new government an aid package worth 200 million euros (254 million U.S. dollars) for 2006.

The EU is ready to start negotiations to establish contractual relations with Iraq and that the European Commission, the executive body of the EU, will open an office in Baghdad, said Ferrero-Waldner. Enditem

http://news.xinhuanet.com/english/2...ent_4577889.htm