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

Originally Posted by postcon

I run the risk of sounding ignorant but I am used to it by now! What's the significance of Stephanie's post where she states that BOA will be dealing with the dinar from Nov 13th. What's the deal here? Do they only deal with internationally traded currencies? Someone please enlighten me. Thanks.

When BofA was asked if they would deal in the Dinar, they replied that they would but only after it was trading internationally.

Originally Posted by ccgideon

Forgive me Neno! I know this is not the right thread, but need this answered.
Because the CBI auction has taken place today, does that exclude any good news of a reval happening this month? Also, will it exclude Iraqs in the opening of the stock exchange at 5pm EST? Sorry to be so dense on this stuff. ...I am just a nurse...ask me something medical..
At any rate, I am really confused as to where we stand right now in our predictions. Can someone please help me out here? Thanks

we are waiting on the meeting 30/31 as they are signing their article 8 and then they can revalue.

Originally Posted by Adster

LOL, we'll see, been saying November for a while now.

YES, you have!

Originally Posted by shotgunsusie

we are waiting on the meeting 30/31 as they are signing their article 8 and then they can revalue.

Shotgunsusie,
Sounds good article 8 here we come. Then they can r/v this puppy.
LIT

Originally Posted by Adster

Once the dinar is fully convertible it will go onto the world markets via the Forex. Yes it would need to not be at the rate of 1470!!!! LOL.

I'm hoping the info from IIF from Stephanie is true.

dont bet on it, she sent the exact same rumor specifying september to stevo, last month.

Originally Posted by goldraker

The 795 daily currency auction was held in the Central Bank of Iraq day Sunday 2006 / 10/ 29 so the results were as follows :

Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1471 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 61.420.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 61.420.000 -----
Total offers for selling (US $) ----- -----

Cash amounts sold to the bank and its customers were USD(34.580.000) at a rate of(1471+1+10=1482)IQD\USD .
The amount sold to make transfers abroad was USD (26.570.000) at a rate of (1471-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.

he wasnt refuting the cbi amount, he was showing us an amount from another site. notice the other currency converters are moving down while the cbi remains relatively constant.

Originally Posted by dinartank

Got a question maybe someone can answer....when they sign article VIII does the currency go Internationaly instantly....or is it possible there could be some bullshiate song and dance that that lead you on to say it will be ENACTED sometime soon or it will go into effect on such an such a date causing more speculation???? One other coment to ad i remember reading something on the IIF posted by dinartime a while back that the dinar is already convertable its on a US.gov site. If i have time i will look for it and post it later if i can find it or if someone else knows what im talking about can post it....if so is there a difference in being INTERNATIONALY CONVERTABLE than just CONVERTABLE...Andy you were around durring that time i believe...you know what im talking about???

the currency is already internationally convertible as we can buy and sell at banks here in the usa as well as others can across the globe, if it has been approved by a nation i assume as ours has been.

when they become members of the WTO they are legitimately open for international business practices i would think. at that point they will revalue the dinar and begin business. im looking for the article 8 signing to take place on the 30th in the middle east, so we could feasibly see a change on monday.

Originally Posted by shotgunsusie

dont bet on it, she sent the exact same rumor specifying september to stevo, last month.

You know at times i find it troubling that people would actually throw around false rumors and spend their time making fun of this investment and those who have invested. People sometime forget the seriousness of what their dealing with. This is more than making a select few who believed in Iraq millionaires, this involves an entire country and their well being for the future! So i say to them what is that you want, do you just get a satisfiying feeling playing with peoples minds or do you think this whole investment is just a game???? If thats the case i can tell you that your in for a rude awakening! Sooner rather then later.

During his visit to the Kingdom
بغداد - الصباحBaghdad-Sabah
اكد نائب رئيس الجمهورية طارق الهاشي انه تباحث مع جلالة الملك عبدالله بن عبد العزيز ملك السعودية السبل الكفيلة بتطوير العلاقات الثنائية مع المملكة العربية السعودية وتنشيط العديد من البروتوكولات والاتفاقيات الثنائية المجمدة حاليا بسبب الظروف التي مر بها العراق. The Vice-President of the Republic Tariq Alhashi he will discuss with His Majesty King Abdullah bin Abdul Aziz, King of Saudi Arabia, ways of developing bilateral relations with Saudi Arabia and the revitalization of many of the protocols and bilateral agreements currently frozen because of the circumstances experienced by Iraq.

وقال الهاشمي في بيان صحفي حصلت”الصباح “ على نسخة منه: ان الملك عبدالله ابدى استعداده لتقديم كل ما يحقق الأمن والاستقرار للعراق.Hashemi said in a press release obtained "morning", a copy of : King Abdullah expressed his readiness to provide all bring security and stability to Iraq. واضاف نائب رئيس الجمهورية الذي قام خلال الايام الماضية بزيارة السعودية على رأس وفد حكومي يضم عدة وزراء ان اللقاءات التي اجريت تمخض عنها الاتفاق على ضرورة تفعيل الدورالسعودي واستثمار ثقل المملكة على الصعيدين العربي والدولي من اجل الحد من التدخل الاجنبي في الشأن العراقي وتشجيع المصالحة بي ن العراقيين ودعم هذه المشاريع.The Vice-President, who in the last few days visited Saudi Arabia at the head of a government delegation comprising several ministers that the meetings held led to the agreement on the necessity of activating Aldorasaudi investment and the weight of the Kingdom at the Arab and international levels in order to reduce the foreign interference in Iraqi affairs and the promotion of reconciliation Bi n Iraqis and support these projects.
وتابع الهاشمي انه طلب من المسؤولين السعوديين اعادة فتح سفارتها في بغداد وحث بقية دول مجلس التعاون الخليجي على ذلك، فضلا عن تشجيع القطاع الخاص والشركات السعودية للاستثمار في السوق العراقية لا سيما عند ما يتم البدء بعقود(العهد الدولي) كما قام نائب رئيس الجمهورية بمحاولة اقناع المملكة بضرورة شطب الديون على العراق وعدم تحميل الشعب العراقي تبعات اخطاء لم يكن طرفا فيها.He continued that he had asked the Hashemite Saudi officials to reopen its embassy in Baghdad and urged the rest of the states of the Gulf Cooperation Council, it as well as encouraging the private sector, Saudi companies to invest in the Iraqi market, especially at the start contracts (the International Covenant), as the Vice President of the Republic attempt to persuade the need to write off the debt on Iraq and not to hold the Iraqi people the consequences of the mistakes was not a party.
واكد البيان انه تحت مناقشة القضايا الامنية المشتركة وضبط الحدود من اجل منع التسلل من البلدين.The statement emphasized that the discussion of security issues under the joint control of the border to prevent infiltration of the two countries.

Originally Posted by Gloribee

They may be looking after only certain branches. He has no ability to enter any bank at all. Sorry if you took this wrong, they may very well be defending banks, just not in my friends area.

thought the banks were closed, which would mean no rangers outside huh.