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

Originally Posted by Adster

Correct. They can r/v once the fil has been enacted. The oil law can come anytime after.

An enacted fil will make the dinar a fully convertible currency.

I like the way you think Adster, sure hope it is sooner than later.
LIT

Originally Posted by Adster

Correct. They can r/v once the fil has been enacted. The oil law can come anytime after.

An enacted fil will make the dinar a fully convertible currency.

So a fully convertible currency means that this currency will be available in all the banks and bureau de changes in airports, travel agents alongside dollars, sterling, euros etc. Would this be correct?

Originally Posted by lonelyintexas

I like the way you think Adster, sure hope it is sooner than later.
LIT

They need to do this sooner rather than later. Exciting times for sure.

Originally Posted by ezcash

Not til published in the Gazette... I don't think that has happened (been published) yet..?

its been passed and enacted, it will be OFFICIAL once it is signed by the presidential council and when it is published in the gazette.

Originally Posted by Adster

Mike,

Good to hear from you. Any word on the lower denoms from your friends???

Hi Adam,

Good to hear from you as well. As we all know, we are going through a very strange period with more going on through ramadan than in the previous three months, so very unusual to say the least.

I heard that no one received the 10K yet, and this too was very strange given the announcement weeks ago, as if baiting the poor Iraqi's was the game to appease them for the final release, at a revalue level, which sure makes more sense as I see it.

The news blockouts on all this is the most strange part to understand. There has not been one report to tell Iraqi's why there is a delay, so no one in gov. is talking about it, very strange. As we often do, we connect the dots and most of us have become experts at this in the past year, so I feel we are closer than ever now.

Another point of interest is Saddam's regimes billions tucked away all over the world. It appears most has been located and will be coming back to Iraq, and this may be an even more important clue helping to connect the dots on reserve issues and concerns brought up by the so called economic experts. Sure is an interesting piece of puzzle and one that may be the main reason for delaying revalue.

Just a few more things to think about while we are all awaiting our fortunes. (g) You must say, this has been the most interesting financial journey anyone has taken before, so enjoy it, as it will never happen again. Nothing even comes close to what we have here, not Kuwaiti dinar, or the ding dong, nothing will produce what Iraqi dinar will soon.

As to the notes, as you know, 14 denoms were printed as it was mentioned last year, but we still don't know what they are, or where they are. My only reference was that the same denoms will be used as before, and the notes that were used without Saddam's mug will be the same. Remember, these were all exchanged out back in 2003, so unlike the Saddam mug notes, which are worthless now, the smaller notes may be reintroduced is what I have heard, but as educated speculation only. As you know, Kurd's used Swiss dinar, so they don't have a direct handle on which notes will be reintroduced, and which are new.

When you think about it, why not. The smaller denoms were never counterfeited, unlike the Saddam mug notes used, so when they were exchanged, they may still have these stockpiled, which makes a lot of sense when you think it through. If this is the case, all one has to do is go and look at the former small demoms and I think you will see most did not use Saddam's mug, he was on most the large notes though as he showed is ego maniacal tendencies.

Good luck to all, Mike

Common Sense Of Timing------- I see many posts that declare that we need the FIL enacted and the HCL passed before the R/V can occur. That is inverted thinking. The REAL problem would be if, for example, the FIL is enacted with no R/V; then the provisions of the FIL would be usable with a 'dirt-cheap' currency. Over a sustained period those with 'world ranked' funds could ravish Iraq.
I believe the R/V must preceed the enactment of the FIL and the HCL to preclude this devastation to occur. It appears that the R/V likely will happen this week-end with the FIL following closely. The HCL will not lag far behind but the logical order needs to be the R/V first and then the others follow.

Originally Posted by ezcash

What is everyones understanding of posts 304 & 305.. ? Parts sound good but other parts sound like theres alot of work still necessary for international services... is it possibly referring to just a few of their banks.. I was under the impression that this 10 day shut down of their banks would be used to get their banks up to international standards and linked together..so hopefully when they open this week ... all is ready to go?

Translated version of ÌÑíÏÉ ÇáÕÈÇÍ (October 28, 2006)

posts: # 304 & 305



quotes "Therefore, the main objective of the restructuring is to eliminate the problems of the banks to ensure the functioning of the domestic and international dealings.
The tasks of restructuring main factors first. The existence of a genuine political will and clear and transparent for this process, There is a need for a restructuring process in a timely manner and the period of relative calm financial and banking activity."

we are seeing that now with the banks closed.

Originally Posted by Adster

Correct. They can r/v now/once the fil has been enacted. The oil law can come anytime after.

An enacted fil will make the dinar a fully convertible currency.

Are you suggesting here that the enactment of the FIL will necessarily require, as the night follows the day, that the dinar will actually, automatically and immediately become fully convertible (i.e., listed on the FOREX) at that time?

I certainly hope that is the case, but I guess I have the impression that there
is more discretion and uncertainty involved in this process than meets the eye.

SO, Is the common consensus is that we will wake up tommorow and this ride will be over?

Originally Posted by shotgunsusie

we are seeing that now with the banks closed.

Yeah...The calm before the STORM!!!

Cheers!
DayDream