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

Originally Posted by lonelyintexas

Sounds good ronbo,
Here are some banana's.
LIT

and raise you... more :OP
RV time is soon to be reality. Hang on Neno my friend, this is about to get wild !!!

Guys, I had a listen to Saleh and the impression I got was that something big was gonna happen in the next 6 weeks prior to the Compact. I'm thinking along the lines that the dinar will be released onto the Forex.

Did you all see the article posted earlier where it stated CBI staff were going to be trained up with new international banking techniques from the 12th to 16th November? In order for it to be released onto the Forex it will either be floated or it will be pegged to either the dollar, the SDR or the euro. My own thoughts are that it will be the dollar.

Needless to say we're all looking pretty good at this point.

Originally Posted by Adster

Guys, I had a listen to Saleh and the impression I got was that something big was gonna happen in the next 6 weeks prior to the Compact. I'm thinking along the lines that the diner will be released onto the Forex.

Did you all see the article posted earlier where it stated CBI staff were going to be trained up with new international banking techniques from the 12th to 16th November? In order for it to be released onto the Forex it will either be floated or it will be pegged to either the dollar, the SDR or the euro. My own thoughts are that it will be the dollar.

Needless to say we're all looking pretty good at this point.

Adster have you had a listen yet to Kimmet speech. He talks hydrocarbon law and that Iraq must prove they can stand on their own 2 feet and support their own economy....well, we all know you can't do that when your currency isn't worth squat!!! I say anytime now for reval. Kimmet also said Iraq would be responsible for their own debt with creditors that are still owed and must work it out with them (creditors) well, you gotta' be able to have an economy that is at least sustainable...and 1470 rate is not sustainable. Any thoughts!

Originally Posted by Adster

- - - In order for it to be released onto the Forex it will either be floated or it will be pegged to either the dollar, the SDR or the euro. My own thoughts are that it will be the dollar. - - -

I agree with your thoughts. Seems to be lots of reasons to want a stable currency at least in the short term. And I agree about the dollar too given that the other countries in the area have recently stated that they will stay with a dollar peg (I believe that is what I have read anyway).

The big unknown is what ratio to the dollar will they choose? And the answer is, as always, we will have to wait and see.

Wait a minute!

Originally Posted by spice12

Kevin says the general message is to establish law and order in Iraq; to reduce unemployment to 15% or better; to work together as a people; to build a working budget; to reduce the debt inherited from the Sadaam régime; that the business community work together to rebuild a peaceful Iraq.



He said there was no mention of the economy but if all these things are implemented, the value of the currency will automatically increase.

Please have your friend check the "NEWS Conference" The first one I pointed out was the US Deputy Secretary of the Department of the Treasury Robert Kimmit, but then the third one down on the NEWS Conference is the Iraqi Deputy Prime Minister Ibrahim Ahmed Saleh and he said in English, that Iraq wants to be a "DONOR" Nation, instead of a helpless or needy country to put it in my own words, but he said "DONOR-NATION"!!!

PREPARATORY MEETING FOR THE INTERNATIONAL COMPACT WITH IRAQ (English only-Bob Kimmit)

PREPARATORY MEETING FOR THE INTERNATIONAL COMPACT WITH IRAQ (English and Arabic-DPM Saleh)

Then he started off in Arabic and it still sounded good, positive and assuring!

Originally Posted by Adster

Guys, I had a listen to Saleh and the impression I got was that something big was gonna happen in the next 6 weeks prior to the Compact. I'm thinking along the lines that the dinar will be released onto the Forex.

Did you all see the article posted earlier where it stated CBI staff were going to be trained up with new international banking techniques from the 12th to 16th November? In order for it to be released onto the Forex it will either be floated or it will be pegged to either the dollar, the SDR or the euro. My own thoughts are that it will be the dollar.

Needless to say we're all looking pretty good at this point.

A couple days back someone also mentioned as a employee of B of A they
were told that mid Nov. the bank would be dealing with the Iraqi dinar directily with customers instead of thru other banks as they have been...
I'm still hoping that with the $10K pending... it will rv so that it will really be
$10k now instead of $6+....

Originally Posted by chadm

adster,

whats your take on the RV ? still looking like sometime mid to late november?
thanks for all your info you provide,cant wait for this ride to come to an end

Yup, anytime in November. Defo before years out. Can't see this going into next year....

Originally Posted by CharmedPiper

Adster have you had a listen yet to Kimmet speech. He talks hydrocarbon law and that Iraq must prove they can stand on their own 2 feet and support their own economy....well, we all know you can't do that when your currency isn't worth squat!!! I say anytime now for reval. Kimmet also said Iraq would be responsible for their own debt with creditors that are still owed and must work it out with them (creditors) well, you gotta' be able to have an economy that is at least sustainable...and 1470 rate is not sustainable. Any thoughts!

Sorry, will have a listen tomorrow. But you're correct, they can't.

Originally Posted by motomachi

Wait a minute!

lease have your friend check the "NEWS Conference" The first one I pointed out was the US Deputy Secretary of the Department of the Treasury Robert Kimmit, but then the third one down on the NEWS Conference is the Iraqi Deputy Prime Minister Ibrahim Ahmed Saleh and he said in English, that Iraq wants to be a "DONOR" Nation, instead of a helpless or needy country to put it in my own words, but he said "DONOR-NATION"!!!

PREPARATORY MEETING FOR THE INTERNATIONAL COMPACT WITH IRAQ (English only-Bob Kimmit)

PREPARATORY MEETING FOR THE INTERNATIONAL COMPACT WITH IRAQ (English and Arabic-DPM Saleh)

Then he started off in Arabic and it still sounded good, positive and assuring!

The term was from recipient of aid to donor country............

Tells me they want to be one of the big boys again, woooooohhhhhayyyyyyyyy!!!

Originally Posted by ezcash

A couple days back someone also mentioned as a employee of B of A they
were told that mid Nov. the bank would be dealing with the Iraqi dinar directily with customers instead of thru other banks as they have been...
I'm still hoping that with the $10K pending... it will rv so that it will really be
$10k now instead of $6+....

Stephanie on IIF who works for BoA.