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

Originally Posted by Caddieman

I see your point but I think the CBI is starting to try and strengthen he dinar first in country that way there is no need for smaller demos. The whole key to a high RV as you say is you have to have smaller demos! No one has seen any at all. That makes me think a slow steady rise in country only! That way no speculators can buy up the country!

What will happen when the FIL becomes the Law in a few days? IMO the speculators will come in and buy the country up anyways. I think that a slow rise could be the worst thing they can do due to the FIL becoming the law in a few days. JMO.

They need to lean forward and make happen for the Iraqi people…R/V now

A friend of mine received an e-mail alert from fox news yesterday saying something about a new Iraq financial plan this week. Unfortunately he was at work and it was deleted from his computer automatically last night. Just wondering if anyone else received the same e-mail and if so could give a synopsis of what it says. I've searched the fox news site and can't find anything but I will continue to look...

The exchange rate depreciation of the dollar in an auction Iraqi Central
Dargham of Muhammad Ali
Baghdad - (Voices of Iraq)

The volume of demand and the exchange rate of the American dollar in the auction the Central Bank of Iraq today, Wednesday,.
Despite the decline in the volume of demand However, it remained higher than normal rates much as it recorded 97 million and 10 thousand dollars compared with 109 million yesterday.

The purchase orders were distributed at a meeting today between 40 million and 950 thousand dollars in cash, and 56 million and 60 thousand dollars in the form of Holat bank has full coverage at the exchange rate is the lower of the current year 1466 Iraqi dinars to the dollar low two points on the rate of exchange of 1468 dinars yesterday.

The number of banks offers for the sale of three million dollars for the bank, It is the same amount offered by banks sold yesterday. The Allbenk purchase this quantity of exchange rate amounted to 1464 dinars, any least two points on the purchase price yesterday.
The number of banks participating in the auction today is the highest since the 20th, hitting banks.

ÏæáÇÑ- (ÇÞÊÕÇÏ) :: Aswat al Iraq :: Aswat al Iraq

Originally Posted by CharmedPiper

I noticed that Adster has not been on in a while...wonder if he and Mrs. A are touring villas and getting ready for the big reval on 11/8 (just my opinion on the date but sure looks good). Maybe yesterday's auction was the last considering it was auction number 800. Maybe the wanted to finish out at an even 800 auctions....just guessing but oh what a ride it has been.

11/8....would be a good day...quietly slip dinar into circulation while most eyes are on the US election results...as always appreciated are your posts Charmed

Originally Posted by PlatanoKing

What will happen when the FIL becomes the Law in a few days? IMO the speculators will come in and buy the country up anyways. I think that a slow rise could be the worst thing they can do due to the FIL becoming the law in a few days. JMO.

They need to lean forward and make happen for the Iraqi people…R/V now

If the fil is enacted and there is no reval (of course I don't believe that) but I am with SGS....I will be on the first flight over there with my dinar and buy up everything I can with my dinar....that is a sweet deal....I can own a chunk of country for a couple million....you can bet your dinar if that were to happen I wouldn't be the only one booking a flight...

I for one will be watching the U.S. market today and keeping an eye on the USD value....if the dems control house/senate the USD will tank and I bet you see a PEG to the euro. If split with dems in house and republicans in Senate then we are still okay and USD will hold value. JMHO.

Originally Posted by lndmn_01

I don't give 1345 much credence anymore. After Statements such as "significant rise in the rate of the dinar", "return the dinar to previous level" and the infamous 1.48 statement, it stands to reason that Iraq is moving ahead economically much more quickly than the IMF anticipated. Not to mention high unemployment and 50% inflation...

I agree completely, IMO the 1345:1 by year end it is just an IMF projection and not an official policy.

Originally Posted by kiko

Seeing no notes doesn´t mean they aren´t there.

A small and slowly rise in the dinar is killing for Iraq and won´t happen in my opinion.

I agree on Charmed regarding the ICI. There is no donor that would have dropped their debt if there is no profit in it for them. We are talking big business here, no charity. These countries are holding a lot of dinars.

The moves now made by the cbi is the beginning of where we have waiting for I think.

Also the rumor or information about the BoA trading the 13th is running through my head. I know it no guarantee but seeing the CBI taking action in combination with the 13th makes me very hopeful.

Time will tell.

one year ago the article came out about the fact that they did indeed print 14 denominations of dinar. if you can only count 9 that we are aware of that leaves 5 that we ARE NOT AWARE OF. that in and of itself is confirmation about the smaller denoms because you can bet your patooty those arent bigger denoms, lol.

SOme interesting information here :

http://www.state.gov/documents/organization/75624.pdf

Weekly Reports on Iraq

From
Iraq Investment and Reconstruction Task Force

Maybe you can read between lines...

Originally Posted by lndmn_01

A friend of mine received an e-mail alert from fox news yesterday saying something about a new Iraq financial plan this week. Unfortunately he was at work and it was deleted from his computer automatically last night. Just wondering if anyone else received the same e-mail and if so could give a synopsis of what it says. I've searched the fox news site and can't find anything but I will continue to look...

I SAID I HEARD IT, AND MY FRIEND SAW IT ON CNN HEADLINE NEWS TICKER THE NEXT DAY. THE NEW ECONOMIC PLAN!!!

Originally Posted by Offshore-Wealth.com

Exactly, there is enough BS to deal with here, so we don't need more with politics as subject. Simply put, there is enough BS coming from all parties for far too long, so lets drop it before Neno has to get involved.

Good luck to all, Mike

Do you agree that Iraq will PEG to whatever is more beneficial....EURO or USD. If that is the case history has shown that with a democratic controlled us SENATE AND HOUSE that it affects the stock market and the USD value. If I was a country I would not want to PEG my new found wealth to a currency that may be subject to some political fluctuation. On that note, I will not mention it again. Dinar to USD or Dinar to EURO....guess we will see. Sorry to have caused distention...just thinking outside the box. It's all good and we are gonna' be rich.