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

Originally Posted by jsfletcher

Uh OH

Sorry Neno.. By the way, you found a great system here now moving all of yesterdays posts to "history" great job!!!

Neno, we have to go where the people are for feedback and discussion. I have tried those other threads as you can see and get the sound of crickets chirping. But trust me on this. When this hits whatever drink you may like or dinner for your family is on me. At the gathering or not!. We know you work hard on this thing to keep us straight and the site usable. And I think all members should give you some kind of tribute as well. So you could drink well or eat well for several years....

If you like the water I will invite you up for a week on the lake in NW Ar.

Thank you for what you do for us all.

OSOK

There's been so much news on here today i don't know is this was posted if so it can be deleted.
President Talabani inaugurate the new building of the institution Srdm for Printing and Publishing

October 27, 2006
Opened by President Jalal Talabani, on Thursday, 10-26-2006 the new building of the institution (Srdm) for the printing and publishing. in the city of Sulaymaniyah.

And here, President Talabani, in a speech delivered in Arabic and Kurdish, Iraqis by the Eid al-Fitr holiday, I wish them stability and safety and peace. also here inaugurating the new building of the institution Srdm, hoping to be an important earner in the promotion and provision of gathering literary and intellectual quality and the most sophisticated.

The president said in his speech, the occasion of the opening of the new building of the institution Srdm "The Cultural Movement in Kurdistan docked and combined with the Kurdish liberation movement. TURNING POINT since September 1930 when it turned the leadership of the movement from the mountains and villages in the hands of intellectuals in the city. "

President Talabani and continued saying, "that a new generation emerged today did not live era revolution and resistance and sacrifice, therefore it is the duty of intellectuals, politicians and historians to explain to them that stage, "stressing the importance and the role of exchange and self-criticism in the development of individuals and parties and governments alike, , explained that "the IMF must be rationally, and based on the prerequisites, submit the national interest to self-interest, , as well as a comparison between what has been achieved and not achieved "reaffirmed its support for all demonstrations and protests and criticisms of modern and civil rights.

On the other hand, urged President Talabani Srdm Foundation to develop its work, and that supply the movement of Kurdish cultural ideas and inventions and new productions, and in the context of the completion of the tasks assigned to the cultural movement in Iraqi Kurdistan.

The President also warned of the need to devote attention to the translation of texts and legends and historical books to the Kurdish and other languages, especially Arabic.

Meanwhile, Poet Circo Bekhs speech in which he thanked President Talabani for his presence. and support for the work of the institution, He also thanked the Deputy Prime Minister Barham Salih, President and the government of Kurdistan - management Sulaymaniyah Omar Fatah for their continued support of the institution.

This had attended the ceremony and the opening ceremony Messrs. Kosert Rasul, the Vice-Chairman of the territory Cordstan, Mullah Bakhtiyar, a member of the Bureau of the Patriotic Union of Kurdistan, in addition to a number of other officials of the province, a gathering of writers and writers and intellectuals

Originally Posted by Innkeeper1

just bought 500,000 at chase bank in elkhart ind. ordered it on wed they said it may be in by fri..it was in on thursday! chase is the best ive heard of to buy it at this time

they always tell me and my business associates, a couple 2-3 days, but it always arrives next business day, and I have always ordered before 12pm as well

Originally Posted by warrior44

i just know at UMB you must have an account to purchase from them. nothing was said about cashing out with them if you don't have an account. does anyone know? and has anyone asked if at other UMB's about a 3 week waiting period?

I will find out and post later. Might take me a few days.

OSOK

Well finally got a reply for my $400.00 bucks. Heres what my financial advisor had to say ...


While my answer is in a non-binding nature ( typical Lawer/Accountant/Advisor Lingo) from what I read and gather, this is a risky, but viable venture. I could see it happening in either one or two ways. A float happening @ between .30 and .50 US, with a sharp upward swing, a quick fall, due to Investors cashing in, then a slow gradual increase over a number of years.
A fixed rate set at anywhere between $1.00 and $2.05 per dinar (not sure how he came to this conclusion, his take, not mine).
Oil revenues current and expected are more than enough to cover all outstanding dinars in circulation, as well as support from the International community.
Should further assistance be required, please contact XXXXX and set an appointment to discuss any and all future Investment opportunities,

Best Regards, XXXXXX


I've only taken the more Interesting points from his return letter, the rest was gobbly gook, to justify my $400.00 bucks. Not saying he's bang on, or dead wrong. This is what I recieved, and I'm sharing. Still its anyones guess.

Gloribee

Sorry I attended the Game tonight. Just came in to move yesterdays post to Our "History Thread". We catch-up tomorrow. All pm's I have recieved will be answered tomorrow. Come on r/v!!!!!

Originally Posted by cigarman

Iraq has an estimated 115 billion barrels in proven reserves but it hasn't been fully explored and reserves could drastically increase

Yea, considering that's only 10% of known oil. Anybody's calculator have that many zeros? Laughing all the way to the bank.



Suzie, can I get a WOOOOOT

so what you are basically saying is that Iraq for a fact has 1.15 trillion barrels of oil in the ground?

Originally Posted by OneShotOneKill

Neno, we have to go where the people are for feedback and discussion. I have tried those other threads as you can see and get the sound of crickets chirping. But trust me on this. When this hits whatever drink you may like or dinner for your family is on me. At the gathering or not!. We know you work hard on this thing to keep us straight and the site usable. And I think all members should give you some kind of tribute as well. So you could drink well or eat well for several years....

If you like the water I will invite you up for a week on the lake in NW Ar.

Thank you for what you do for us all.

OSOK

But, lets keep it short and to the point, when it comes to these Banks and Buying. I would prefer that to be short and not the same answer for 20 post. We do this and stay in the mix of the News, it will be ok. When thgs thing hits (r/v) all threads and forums will be open for mass confusion.

from IIF

Just some information from another source that might be helpful to understand maybe what is going on. Last nights call was one of the best we have had, and the reason is the best part. It was full of know factual information that points to big things for Iraq and the Dinar!



Unfortunately we haven’t received the recording from Eagle Teleconferencing yet, but here is the information that was talked about last night!

InterGlobe Group Home <--- here is the link to the company that is now going to be hosting the cbi website according to the thread

We know that last week when the Central Bank of Iraq ’s website was down, they were in the process of switching servers and hosting company. The new company they are being hosted by is InterGlobe Group Home. If you check out their website you will find that they are the company hired to interlink all of the banks in Iraq . This is big news since we know that the CBI needs to be linked globally in order to place the Dinar on the Open Market.



We also know that on Oct 22nd the Central Bank of Iraq officially suspended ALL auctions for 10 days. LINK



We also know that ALL banks in Iraq are also closed for this amount of time. There is no movement of Dinar at all!



We know that there is a major conference/meeting of the IAMB on Oct 30-31LINK. This conference will be in regards to Iraq and them meeting the requirements of the IMF and specifically Article VIII LINK. which would allow the Dinar to be fully convertible.



We know that the Undersecretary of the Ministry of Finance has recently made comments in regards to raising the value of the Dinar LINK



And on October 22, 2006 during a press conference with Mr. David Hawley of the IMF he was asked the following question and gave the following response.

QUESTIONER: Regarding the Regional Economic Outlook that came out the other day for the Middle East, there were numbers there on Iraq , projecting growth of 14.4 percent next year after growth of 4 percent this year, though throughout the report it speaks of nothing really going well for the Iraq economy. Is this kind of a guess, hoping that things stabilize, or what goes into that 14.4 percent growth estimate?

MR. HAWLEY: I am afraid I have got nothing specific to add to what was in the REO comment on Iraq . The best I can do is to offer to have someone come back to you with more detail on the thinking behind that projection.

We found the stated increase and the fact that Mr. Hawley didn’t know, or wouldn’t say very suspect. Here is the LINK to the full transcript.

And finally last nights guest on our conference call, Mr. Daniel Morrissey, a retired NY stock broker who is heavily vested in the Dinar, has a very simple equation that we have not heard discussed anywhere. It was this thinking that got Mr. Morrissey into the Dinar, and is very simple.



Early during Saddam’s rule, a barrel of oil was roughly $20, and also the Old Dinar was valued at $3.20. We can also determine by the amount of Old Dinar turned in during the exchange there was about 4 trillion in circulation.



Currently a barrel of oil is about $60. The exact figure of New Iraqi Dinar printed is unknown, but we have heard reports of as high as 16 trillion.



If you do the math based on those numbers, the current real value of the Dinar could be as high as $2.40



Mr. Morrissey doesn’t believe that the Dinar will go on the market at those numbers, but is guessing we could see maybe .30 cents. But he also admits that, “anything can happen


Roninvestor
View Public Profile
Send a private message to Roninvestor
Find all posts by Roninvestor
Add Roninvestor to Your Buddy List

#5 (permalink) Today, 09:05 PM

Originally Posted by mike brown

from IIF

Just some information from another source that might be helpful to understand maybe what is going on. Last nights call was one of the best we have had, and the reason is the best part. It was full of know factual information that points to big things for Iraq and the Dinar!



Unfortunately we haven’t received the recording from Eagle Teleconferencing yet, but here is the information that was talked about last night!

InterGlobe Group Home <--- here is the link to the company that is now going to be hosting the cbi website according to the thread

We know that last week when the Central Bank of Iraq ’s website was down, they were in the process of switching servers and hosting company. The new company they are being hosted by is InterGlobe Group Home. If you check out their website you will find that they are the company hired to interlink all of the banks in Iraq . This is big news since we know that the CBI needs to be linked globally in order to place the Dinar on the Open Market.



We also know that on Oct 22nd the Central Bank of Iraq officially suspended ALL auctions for 10 days. LINK



We also know that ALL banks in Iraq are also closed for this amount of time. There is no movement of Dinar at all!



We know that there is a major conference/meeting of the IAMB on Oct 30-31LINK. This conference will be in regards to Iraq and them meeting the requirements of the IMF and specifically Article VIII LINK. which would allow the Dinar to be fully convertible.



We know that the Undersecretary of the Ministry of Finance has recently made comments in regards to raising the value of the Dinar LINK



And on October 22, 2006 during a press conference with Mr. David Hawley of the IMF he was asked the following question and gave the following response.

QUESTIONER: Regarding the Regional Economic Outlook that came out the other day for the Middle East, there were numbers there on Iraq , projecting growth of 14.4 percent next year after growth of 4 percent this year, though throughout the report it speaks of nothing really going well for the Iraq economy. Is this kind of a guess, hoping that things stabilize, or what goes into that 14.4 percent growth estimate?

MR. HAWLEY: I am afraid I have got nothing specific to add to what was in the REO comment on Iraq . The best I can do is to offer to have someone come back to you with more detail on the thinking behind that projection.

We found the stated increase and the fact that Mr. Hawley didn’t know, or wouldn’t say very suspect. Here is the LINK to the full transcript.

And finally last nights guest on our conference call, Mr. Daniel Morrissey, a retired NY stock broker who is heavily vested in the Dinar, has a very simple equation that we have not heard discussed anywhere. It was this thinking that got Mr. Morrissey into the Dinar, and is very simple.



Early during Saddam’s rule, a barrel of oil was roughly $20, and also the Old Dinar was valued at $3.20. We can also determine by the amount of Old Dinar turned in during the exchange there was about 4 trillion in circulation.



Currently a barrel of oil is about $60. The exact figure of New Iraqi Dinar printed is unknown, but we have heard reports of as high as 16 trillion.



If you do the math based on those numbers, the current real value of the Dinar could be as high as $2.40



Mr. Morrissey doesn’t believe that the Dinar will go on the market at those numbers, but is guessing we could see maybe .30 cents. But he also admits that, “anything can happen


Roninvestor
View Public Profile
Send a private message to Roninvestor
Find all posts by Roninvestor
Add Roninvestor to Your Buddy List

#5 (permalink) Today, 09:05 PM

my money is on anything happening. let me know if there has been alot of times in this adventure where iraq has responded as we thought they should.

nobody steppin forward??? lol

like i said...