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

Sounds like we're getting ready to take the training wheels off Iraq's bike. Sure hope they learned how to peddle real fast. If this positive thinking stuff works then Sunday ought to be our day. Oh, by the way, all my limbs are numb from lack of circulation because everythings crossed.

Originally Posted by MOM2TWO

How could this be, with the previously stated news?? Please explain before I stress eat a whole bag of cookies!!

Better switch to carrot sticks and get ready for a bikini on the beach in 2 weeks!!!

Originally Posted by Adster

Follow up from paynes......I asked him why he thought it was the signing of the IC....

Because of the level of disinformation they have gave out the whole time.

In any agreement or contract you have a Binding signature and a Effective date. The binding signature binds all parties to the agreement.

The Binding signature is what I think they would have signed with a Effective date in the future. What day in the future? Who Knows.

I dont think they got together to drink Tea because it does not explain the 10,000 dinar handout that is supposed to happen next week. It would be aboslutley ridicoulous to hand out the dinar and revalue after the people in Iraq have spent it. There would be a bunch of unhappy campers if they found out The GOI did this. I think we are both in agreement that when they revalue it will be the day or day before they hand out the 10,000 dinar cards.


Marshall plan = International Compact

Well, what do you think? Do you think they signed it or not. You know what I think. Agree or disagree.

Well we know why Inscrutable did not want to post this! Cause he did not want people bashing him or even hating him! So with that said. I do not blame him for not posting it right off. Thank you Inscrutable for your reply! You are a true team player! I also want to remind everyone that, when your involved in a situation. With any type of investment. The bad news is always more important to you. Than the good news! Cause now we have more information to buy & sell from!

I am now selling 3.5 billion dinars! (JUST KIDDING!)

As far as the information that was shared. I am sure that these clerical employees. Are not privy to any RV type of information. The only ones I would have to listen to. Would be the main guys at the TOP!

In the future if anyone hears stuff like this. From an institution, please share it asap!

The main thing is that, we still know. What facts have been issued to us!

Originally Posted by *CLEO*

Let's ask PHIBEROPTIK to call. He's great with phone calls!!

nah ima hold off on callin anyone in i've already attracted tomuch attn.

When I read things like this about the Dinar from back a few years ago explaining the purpose of the NID and such as well as the decisions that were made and why, I feel much at ease that there will be no reprint at all...

New Iraqi Dinar 25,000 Dinar Note

The New Iraqi Dinar 25,000 Dinar Note security features are;


Metallic Ink on Iraqi Dinar Note

Security Strip on side of Iraqi Dinar Note

UV Denomination Idenfication in the middle of Dinar Note

Raised Lettering on new Iraqi Dinar Note

In-threaded Watermark on Iraqi Dinar Note

Iraqi dinar is designed and Printed by the De La Rue Company of the United Kingdom.

The price of the Iraq Dinar was 33 cents a piece before the war and $3.35 before sanctions were imposed on Iraq. It is now legal to own New Iraqi Dinar at this 30-year low price of new iraqi dinar.


Iraq’s position as the second largest oil reserve holder in the world, with 95 percent of Iraq’s revenue coming from exported oil. Iraqi investors have announced the establishment of two new private banks, which are: Al Mansur Investment Bank, with a capital 55 billion iraqi dinars (about 38 million dollars), and Tigris and Euphrates Bank for Development and Investment, with a capital of 25 billion iraqi dinars (about 17 million dollars).

Iraqi Dinar - New Iraq Currency Dinar

On October 15, 2003, the new Iraqi Dinar Banknotes were launched by the Central Bank of Iraq in cooperation with the Coalition Provisional Authority in the denominations of 50 Iraqi Dinar, 250 Iraqi Dinar, 500 Iraq Dinars,1000 Iraq Dinar, 5000 iraqi dinars, 10000 Iraqi Dinar & 25000 Iraqi Dinar Bill. The new Iraq banknotes, printed by De La Rue, boast of the most up-to-date anti-counterfeit features, including watermarks, a security thread, raised letters, an optical variable ink and other variations to thwart counterfeiters. The new Iraq currency will supercede all previous 'Saddam' Dinar, and as of January 15th, 'Saddam' Dinar is considered a collectors item.

Iraqi Dinar Facts

Starting October 15th 2003 a new Iraqi Currency known as the ‘new Iraqi dinar’ began to replace the ‘old Iraqui dinar’, and the currency used in the North of Iraq, the ‘swiss Iraqui dinar’. The new Iraqi dinar created a single unified currency that is used throughout all of Iraq. Since the production of the new Iraq dinar, the international demand for the new Iraqi dinar has continued to rise and as well the value of iraqi dinar.

I know I have seen before the cost to Iraq for printing these NID sometime in the past year... Does anyone remember the price per Dinar? I thought I remember it saying something .07 cents US per 25k note...

Here is some factual info and link on NID:

The Benefits of the New Iraqi Dinar
Author: Brad Setser


August 7, 2003
Iraq Reconstruction Report

The Coalition’s decision to print a fresh batch of Saddam dinar notes this June drove home the urgent need to select the currency and monetary institutions for post-Saddam Iraq. The decision to introduce a new dinar rather than to dollarize or create a currency board was the right one.

The immediate advantages of introducing new dinars are clear. Saddam’s face won’t be on them. Moreover, the “Saddam” dinar only comes in two sizes. The 10,000 dinar note (worth a bit more than five dollars) is tainted by rumors of counterfeiting and is too large for everyday transactions. In contrast, the 250 dinar note (worth between a dime and a quarter) has not only continued to circulate, it has also appreciated in value relative to both the dollar and the 10,000 note. There is simply no practical alternative to small dinar notes in an economy where many people live on less than a dollar a day. With many payments being made in dollars, more dollars were chasing the same set of dinars. But even in an economy where $50 a month is a good salary, it is not terribly practical to pay salaries in dimes and quarters. New bills in a wider range of denominations should make day to day life in Iraq easier.

The long-term advantages of a new currency backed by a respected central bank are potentially even more important. The Saddam dinar was never a viable candidate for Iraq’s future currency. The only real question was how quickly it would be replaced, and with what. But there were a range of possible replacements other than a new currency and an independent central bank. The Saddam dinar could have been replaced with the dollar, the pound or the euro or a new dinar that was permanently tied to the dollar (or another anchor currency) through a currency board. A currency board effectively would put an Iraqi face on the dollar while locking Iraq’s into following the U.S. monetary policy. In a currency board, monetary policy is committed solely toward the maintenance of a fixed parity between the local currency and the anchor currency. Dollarization requires the immediate commitment to spend scare funds to buy back existing dinar, and a currency board requires an equal commitment of reserves to back a new dinar.

FOR THE REST OF THE INFO AND A GOOD OLD READ CLICK ON LINK BELOW

The Benefits of the New Iraqi Dinar - Council on Foreign Relations

AGAIN I REALLY CANNOT SEE A REPRINT IN THE FUTURE, THIS IS ALL A BUNCH OF SMOKE SCREENS...

GOING TO WORK, WILL NOT BE ABLE TO REPLY TILL LATER IF ANY REPLY IS NEEDED...

Originally Posted by MOM2TWO

If the guys at the IMF knew hard core facts that the dinar was going to rv and turn into a fantastic investment, would they be able to buy it? Or would it be considered "inside information" like our stock market? Just wondering because if they do know that the dinar is about to revalue, wouldn't they be using every cent they could find to buy EVERY dinar available??

if its not insider information it would be a conflict of intrest

Originally Posted by *CLEO*

Better switch to carrot sticks and get ready for a bikini on the beach in 2 weeks!!!

If I could get my butt of this computer chair, I would immediately head to the gym!!! Since, I joined here I can't pass the computer room without checking things out, I have not talked to one person on the phone (except that conference call last night), and I have let my house get alarmingly similar to a raid episode on COPS. But the kids are happy 'cause they can have whatever they want, as long as they don't bug me!!! LOL

Did however, manage to pack bikini!!!

Originally Posted by paynes1

Well, what do you think? Do you think they signed it or not. You know what I think. Agree or disagree.

With all the information and views you've passed our way, I think you have great insight to whats going on behind the closed doors.

A definate AGREE ! with an added WOOOOOOOOOT !!!!!

There have been a lot of posts recently suggesting that the 10,000 IQD per citizen handout has been delayed until after an imminent revaluation.

And of course there are wide opinions on what the revaluation would be, but just lately 1.48 seems quite prominent, and would actually make a lot of sense.

But can we really see them revaluing to 1.48 and then giving each Iraqi citizen the equivalent of $14,800?

Somehow I don't think so, and if indeed the delay of the handout is as a result of an imminent revaluation, you would have to then think that the revaluation level would be quite low.

I would personally feel more confident of a high reval if it was in no way linked to this promised handout.

Your thoughts please.......

Neil