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

Originally Posted by Bigslick116

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.

oh man, you know it, and thanks for rippin those thoughts outta my head and puttin em in type! lol

Originally Posted by shotgunsusie

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

What gave us the indication that art 8 would be signed on 30/31? is it a just a hunch , or is there something more concrete that ive missed? (yes, contrary to what everyone believes, i'm not omniscient )

What time does the FOREX open today...???

I know this will be a clean up job for Neno..sorry Neno! Susie, just want to say a big Kansas thank you for answering my question. I would have posted a "thank you" to your post, but my button is gone!

By the way, Neno, since you have to move this anyway...Happy Birthday IN

OMG I just found out I wasn't signed in at the time I read the post!! Oh, well...found my button!!

http://www.forexhours.com/

How old are you now Tommy? HAPPY Birthday Pappy. LOL

Originally Posted by shotgunsusie

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.

Ok after diging around i found the link that says the dinar is a fully convertible currency....so here ya go Iraq

So if the dinar is already a convertable currency what is the big deal about article 8????? With the passing of the FIL and when it goes into effect doest that mean there ready for international business....or is there that gonna be some bullshiate clause saying well there not a member of the WTO so compaines cant sell there shitte to iraq just yet.???? Can you elaborate the signifigance of article 8 in laymans terms ....

I have been searching through my articles and links because I recall reading an article around August that stated the next IAMB meeting would be for the review by IAMB and Worldbank on the metering requirements.
I don't think it will involve Article VIII because that can just be submitted to the IMF as accepted and is not really ceremonial, but, this could also be a next step to WTO accession.

Originally Posted by crave681

What gave us the indication that art 8 would be signed on 30/31? is it a just a hunch , or is there something more concrete that ive missed? (yes, contrary to what everyone believes, i'm not omniscient )

(1)4. The International Advisory and Monitoring Board has a meeting scheduled Oct 31 , 2006. When they meet the Iraqi Govt can Request control of the oil proceeds from the IAMB and Resend Resolution 1637 and sign article VIII and trade thier curency internationally.

1637 has RESTRICTIONS ON THE CURRENCY so they MUST GET ARTICLE 8 TO GET RID OF THOSE RESTRICTIONS. looking for the entire article...

Originally Posted by CharmedPiper

What time does the FOREX open today...???

it opens in australia this monday morning and that is 5pm est. i dont think it will be on the forex right when it opens in sydney as most recognize nyc as being the actual start time which would be 8am est. monday morning. however, they wont put it on as long as they are under 1637 as currently there are restrictions on the currency under that. we need off that one and onto article 8 status first.