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

[QUOTE=Adster;133356]

Originally Posted by TEXASGIRL

Not me. Far as I know they're going out on Sunday, but we've heard that before, LOL.

Thanks Adster!!! Well, I guess we will just keep doing what we have been doing...
WAITING

Patience has never been one of my virtues!

Originally Posted by boomcreek

Got information from a BofA in Tulsa that they would be exchanging and verifying the authenticity on their premises. Said they have the necessary equipment to do so, therefore, it isn't necessary for the currency to be sent off somewhere.

wooT!!!!!!!!!!!!!! I TOOK MY DINAR TO KANSAS AND ILL BE HEADED TO TULSA!!!

[quote=TEXASGIRL;133361]

Originally Posted by Adster

Thanks Adster!!! Well, I guess we will just keep doing what we have been doing...
WAITING

Patience has never been one of my virtures!

Be worth it though.

Originally Posted by Treater

OK, I don't when this article came out, but by the article contents it came out sometime between august 2006 and now.

What do you guys make of this...

Translated version of http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=31587

Translation: Nov. 10, 2006...

Anyone seen this?

"Baghdad : Ali Jasim
تجاوزت عدد الاسهم المتداولة في الجلسة الاخير لسوق العراق للاوراق المالية (497) مليون سهم وبقيمة بلغت (1.103) مليار دينار من خلال تنفيذ (249) عقدا بعد ان تداول فيها اسهم (18) شركة.Exceeded the number of shares traded in the last meeting of the Iraq market of securities (497) million shares and the value of (1.103) billion dinars through the implementation (249) contract after the circulation of shares of the company (18).


It should be noted that the Bank Alorka returned to circulation after the end of proceedings capitalization rate of profits (30%), increased the company's capital from (24) to one billion dinars (31) billion dinars The circulation rate of exchange dinars (2.350) per share after that the rate of price dinars (2.850) before capitalization and at the exclusion of the addendum to the equivalent of the shares offerings most of the shares shall be free rate has risen by price (6.8%) whenever any false (150) parallel to the level of parity or (price underscore). "


Translated version of http://www.newsabah.com/paper.php?name=News&new_topic=21

Just got back from a family day that was real nice but what I read here is very nice. This is:

EXCITING

Adster is right if it isn't sunday it will be soon. I go for Sunday by the way.

[QUOTE=Adster;133363]

Originally Posted by TEXASGIRL

Be worth it though.

You know it!!!!!!!!!

Originally Posted by Adster

I think we need to calm down a little. Yes it could reval anytime but in case it doesn't Sunday, Monday etc, let's not get downbeat. I know we've had confirmations of banks dealing but let's wait and see. Hate to see folk down.

A couple of pages ago there was a link saying the oil law will be enacted before the end of the year. Now that does make the old juices flow! Makes me think a reval this year for sure and hopefully this month if not as soon as next week, but let's not get carried away yet.

I really agree with Adster on this... we have alot of good feed back from dif. sources on some of the banks..and others don't know what a dinar is.. so until it actually happens its not a done deal. My experience yesterday confirmed for me that the talk about Nov.13 was not just a rumor.. but the branch manager could not say it would be affirmative by Mon.. only that if it was.. then they would be notified on Mon.
I do not want to add to anyones stress, frustration or disappointment if it is not a "Go!" come Mon. All I know is I think its the investors inquiring of the banks for info. that some branches have become aware... alot are not ... I believe those who are .... are now being very careful what they say..
I believe something is up... but try hard to be prepared if it doesnt happen in the anticipated time frame.. like MON. then it has to one of these days... :)ez The ride is not over... til its over... then it just begans ! :)

Treater, this was your other article.....bolded parts stand out.



D.Hadi Hassan Hassan عليويHadi Ulaywi form of inflation in the Iraq situation catastrophic for the country's economy and thus the destruction of the potential economic citizens,even Iraq has entered a dark period since the economic blockade,citizens can no longer provide a minimum level of dietary and imbued with the estimated inflation rates in the 1990s of the last century about 50% annually.The one الاقتصاديينInflation form of a catastrophic situation in Iraq to the country's economy and thus the destruction of the potential economic citizens,even Iraq has entered a dark period since the economic blockade,citizens can no longer provide a minimum level of dietary and imbued with the estimated inflation rates in the 1990's of the last century about 50% annually.According to one economist noted that the level of economic inflation in 1995 compared with 1982 hit "million"%, the highest rate of inflation in the world.and perhaps not ever happen ... The level of economic inflation in 1995 compared with 1982 hit "million"%the highest rate of inflation in the world.And perhaps not ever happen ...And despite the fact that the country's economy was directed not economical State could reduce the runaway inflation and rising rates astronomical,it formed the non-economic policies and a comprehensive embargo on Iraq.wars factors full stop to any economic reform or movement of the development of the stalled since the beginning of the Iraqi-Iranian war. And despite the fact that the country's economy was directed not economical State could reduce the runaway inflation and rising rates astronomical,it formed the non-economic policies and a comprehensive embargo on Iraq.Wars factors full stop to any economic reform or movement of the development of the stalled since the beginning of the Iraqi-Iranian war.Reducing inflation Reducing inflation could register the most prominent action to reduce inflation, particularly in the developed countries which adopt fiscal and monetary policies in this regard :- Can record highlighted actions to reduce inflation,especially in the developed countries which adopt fiscal and monetary policies in this regard :--a financial policy : A-financial policy :First :The ministries of finance and revenue sources and uses of the surplus in the budget.in order to reduce the volume of liquidity available all these lead to a reduction in the rate of inflation. First :The ministries of finance and revenue sources and uses of the surplus in the budget.In order to reduce the volume of liquidity available all these lead to a reduction in the rate of inflation.Second :the sale of these ministries debt to the public,Thus the surplus cash withdrawn from the market,which leads to the reduction of the criticism. Second :the sale of these ministries debt to the public.Thus the surplus cash withdrawn from the market,which leads to the reduction of the criticism.Third : increasing taxes on luxury goods.that was received few of the population of high-income owners. Third :increasing taxes on luxury goods.That was received few of the population of high-income owners.Fourth : to reduce government spending :government spending is one of the reasons leading to increased circulation of cash in the market,and thus reduce this expenditure and trimming the lead to a reduction in the quantity of money in circulation in the market. Fourth :to reduce government spending :government spending is one of the reasons leading to increased circulation of cash in the market,and thus reduce this expenditure and trimming the lead to a reduction in the quantity of money in circulation in the market.B-monetary policy : B-monetary policy :The central banks in the formulation and implementation of monetary policies, the adoption of a set of qualitative and quantitative tools :The central banks in the formulation and implementation of monetary policies,the adoption of a set of qualitative and quantitative tools :First : quantitative tools : First :quantitative tools : one to increase the price of re-discount :including special discount securities lending business,private commercial banks,The other areas are deducted these banks to the Central Bank and the Central Bank in turn raise the rediscount rate to influence credit capacity of banks to reduce the volume of cash in circulation in the market. One-to increase the price of the discount :including special discount securities lending business,private commercial banks,The other areas are deducted these banks to the Central Bank and the Central Bank in turn raise the rediscount rate to influence credit capacity of banks to reduce the volume of cash in circulation in the market.2-banks to enter the market sellers of securities,in order to withdraw part of the floods in circulation on the market,or enter the so-called open market. 2-banks to enter the market sellers of securities,in order to withdraw part of the floods in circulation on the market,or enter the so-called open market.3-increasing proportion of the legal reserve :commercial banks retain a portion of deposits with the central banks and the higher the percentage decreased capacity credit with banks. 3-increasing proportion of the legal reserve :commercial banks retain a portion of deposits with the central banks and the higher the percentage decreased capacity credit with banks.Second : : Second-quality tools :quality tools :Their manner of persuasion managers of commercial banks and officials from the banking credit policy of the State to reduce liquidity in circulation in the market,and such a policy effective in the developing countries from other countries. Their manner of persuasion managers of commercial banks and officials from the banking credit policy of the State to reduce liquidity in circulation in the market,and such a policy effective in the developing countries from other countries.Third : interest rates : Third :interest rates :interest rates vary according to time of borrowing while the interest on short-term loans a few,the interest rates on long-term loans with high,increasing interest rates at the increasing demand for loans.especially on short-term loans would lead to an increase in interest rates on these loans are higher than interest rates on long-term loans,Contrary to the above,interest rates are affected by several factors including :Interest rates vary according to time of borrowing while the interest on short-term loans a few,the interest rates on long-term loans with high,increasing interest rates at the increasing demand for loans.Especially on short-term loans would lead to an increase in interest rates on these loans are higher than interest rates on long-term loans,Contrary to the above,interest rates are affected by several factors including :1-inflation rate, two-supply and demand.three-exchange rates. 1-inflation rate,two-supply and demand, 3-exchange rates.Thus, we can say that the rise or decline in the rate of inflation lead to higher interest rates,This increase reduces the enthusiasm of investors and businessmen therefore operate States :Thus,we can say that the rise or decline in the rate of inflation lead to higher interest rates,This increase reduces the enthusiasm of investors and businessmen therefore operate States :- a reduction of government spending in all its forms. - A reduction of government spending in all its forms.B-activating the role of the Ministries of Finance in the exercise of fiscal policy to influence the volume of liquidity circulating in the market. B-activating the role of the Ministries of Finance in the exercise of fiscal policy to influence the volume of liquidity circulating in the market.C-activating the role of the Central Bank in the exercise of monetary policy to influence the direction in the volume of cash in circulation in the market. C-activating the role of the Central Bank in the exercise of monetary policy to influence the direction in the volume of cash in circulation in the market.Automatic-availability of data for researchers on inflation rates, interest rates and exchange rates the official and parallel specifically. Automatic-availability of data for researchers on inflation rates,interest rates and exchange rates the official and parallel specifically.E-activating the role of productive enterprises to increase production and improve performance. E-activating the role of productive enterprises to increase production and improve performance.Role of the Central Bank of Iraq in dealing التضخمRole of the Central Bank of Iraq in dealing with inflation after the fall of the previous regime, a new law was promulgated by the Central Bank was No. 56 in 2004 to set the policy objectives of the bank and duties of the bank and initiated in the light of its objectives to develop a new policy to fight inflation and the quest for stability S.Er rate of the Iraqi dinar by the daily auction for the sale and purchase of the dollar,launched in 2004,and led to the provision of foreign currency in the local market.The fixed price on the local market as the price of the American dollar ranged between 1490-1475 dinars. After the fall of the previous regime,a new law was promulgated by the Central Bank was No..56 in 2004 to set the policy objectives of the bank and duties of the bank and initiated in the light of its objectives to develop a new policy to fight inflation and the search for stability in the exchange rate of the Iraqi dinar by the daily auction for the sale and purchase of the dollar,launched in 2004,and led to the provision of foreign currency in the local market.The fixed price on the local market as the price of the American dollar ranged between 1490-1475 dinars.The plan announced by the Central Bank in mid-March 2004 to deal with inflation and means adopted by the majority of States in dealing with inflation,namely :The plan announced by the Central Bank in mid-March 2004 to deal with inflation and means adopted by the majority of States in dealing with inflation,namely : 1-quantitative means :means to address inflation rates by controlling the quantity of money in circulation in the local markets. 1-quantitative means :means to address inflation rates by controlling the quantity of money in circulation in the local markets.2-price means :any suitable exchange rate of the Iraqi dinar with foreign currencies, especially the American dollar. 2-price means :any suitable exchange rate of the Iraqi dinar with foreign currencies,especially the American dollar.The Central Bank hopes that the implementation of the plan to reduce 25% of the inflation rate over one year. The Central Bank hopes that the implementation of the plan to reduce 25% of the inflation rate over one year.It seems that a number of factors, internal and external factors impeded the achievement of this rate of reduction,but inflation has greatly increased and continued in the past two odd years and all predictions indicate the continuing escalation in inflation rates. It seems that a number of factors,internal and external factors impeded the achievement of this rate of reduction,but inflation has greatly increased and continued in the past two odd years and all predictions indicate the continuing escalation in inflation rates.Among the reasons in the persistence of high rates of inflation worsening security situation halted construction because of this deterioration of the security situation,low rates of productivity of the productive sector and service "public and private" big increase in government spending,tax evasion, financial and administrative corruption,mismanagement and the lack of law and acts of sabotage against oil installations in particular. Among the reasons in the persistence of high rates of inflation worsening security situation halted construction because of this deterioration of the security situation,low rates of productivity of the productive sector and service "public and private" big increase in government spending,tax evasion,financial and administrative corruption,mismanagement and the lack of law and acts of sabotage against oil installations in particular.We expect the bank to achieve its goal to reduce the rate of inflation in 2005 at 20% supported by the stability of the exchange rate and currency. According to Dr. Sinan Shabibi Governor of the Central Bank on the sidelines of an Arab banking conference in Beirut held late in 2005 that the rate of inflation is currently sways between 18 and 19% and will by the end of the year "2005" descente target of 20% and the inflation rate in 2004 had amounted to about 40% due to mismanagement,according to the statements Shabibi, and added :The lack of law and the attacks against oil refineries and supply lines, raising the price of fuel and electricity has led to an increase in all prices and insurance prices,But they must reduce the cost of borrowing is currently about 15% so that they can make progress,He said that "there is a large gap between this rate and the interest rates on deposits, which range between 6 and 7%, but what happened is the opposite.published statistics show that the index of consumer prices as an indicator of inflation in the month of May last approximately 53% compared to May last year "2005",The result of this phenomenon, the increasing influence the volatility of the situation in the real sector of the economy overall,in particular sector of transport and communications and energy as a consequence of reduced flexibility sector mentioned in the response to the request of the total. We expect the bank to achieve its goal to reduce the rate of inflation in 2005 at 20% supported by the stability of the exchange rate and currency.According to Dr..Sinan Shabibi Governor of the Central Bank on the sidelines of an Arab banking conference in Beirut held late in 2005 that the rate of inflation is currently sways between 18 and 19% and will by the end of the year "2005" descent e target of 20% and the inflation rate in 2004 had amounted to about 40% due to mismanagement.according to the statements Shabibi.and added :The lack of law and the attacks against oil refineries and supply lines,raising the price of fuel and electricity has led to an increase in all prices and insurance prices,But they must reduce the cost of borrowing is currently about 15% so that they can make progress,He said that "there is a large gap between this rate and the interest rates on deposits,which range between 6 and 7%.but what happened is the opposite. published statistics show that the index of consumer prices as an indicator of inflation in the month of May last approximately 53% compared to May last year "2005"The result of this phenomenon,the increasing influence the volatility of the situation in the real sector of the economy overall,in particular sector of transport and communications and energy as a consequence of reduced flexibility sector mentioned in the response to the request of the total. and this phenomenon reflected in the gradual decline in the purchasing power of income,in addition to the deterioration of the level of savings.special segments of the employees, workers and owners on fixed incomes. And this phenomenon reflected in the gradual decline in the purchasing power of income,in addition to the deterioration of the level of savings. special segments of the employees,workers and owners on fixed incomes. inflation has continued to rise since the end of last July, about 70% compared to July of last year "in 2005 when he announced the Central Bank Governor, told Reuters in late July 2006 that the bad security situation push the inflation rate to rise and the challenge of growth,He warned that the price rise may push for the lifting of the new interest rates. Inflation has continued to rise since the end of last July,about 70% compared to July of last year "in 2005 when he announced the Central Bank Governor,told Reuters in late July 2006 that the bad security situation push the inflation rate to rise and the challenge of growth,He warned that the price rise may push for the lifting of the new interest rates.Shabibi said :The restructuring of the two banks "Rafidain and Rashid" State-owned matter of urgency and priority,It was agreed upon with the Ministry of Finance, but he did not give details about the timing of doing so "These Albenkan grids heavily from the era of Saddam need reorganization." Shabibi said :The restructuring of the two banks "and Rashid paragraphs draw on a number of" owned matter of urgency and priority,It was agreed upon with the Ministry of Finance,but he did not give details about the timing of doing so "These Albenkan grids heavily from the era of Saddam need reorganization."And Shabibi said that the first objective of the Central Bank is to maintain price stability,For this reason it was concerned and take some action on monetary policy. And Shabibi said that the first objective of the Central Bank is to maintain price stability,For this reason it was concerned and take some action on monetary policy.He added that he wanted the government and the financial authorities to assume their share of the burden. He added that he wanted the government and the financial authorities to assume their share of the burden.He said that the inflation factor : the real sector,It is not the monetary sector,security affects wages and insurance premiums and ease of movement of goods,He emphasized that an important factor for غايهHe said that the inflation factor :the real sector, It is not the monetary sector,security affects wages and insurance see paragraph and ease of movement of goods,pointing out that a very important factor Shabibi and casting the blame on poverty and unemployment increase in the ranks of those involved in sabotage and terrorism.while the corruption and incompetence in the management of government companies forbid the transmission of the benefits of high oil prices to the average Iraqi citizen.three years after the fall of the previous regime. Shabibi and casting the blame on poverty and unemployment increase in the ranks of those involved in sabotage and terrorism.While the corruption and incompetence in the management of government companies forbid the transmission of the benefits of high oil prices to the average Iraqi citizen.Three years after the fall of the previous regime.He added that the energy utilities in the real sector is still weak,What Iraq needs is the funding to increase the capacity of the facilities and access to new investments.but he pointed out that for Aihaddth does not provide job opportunities will not bring the countries emphasizing that the main problem is security, saying :The people are scared. He added that the energy utilities in the real sector is still weak,What Iraq needs is the funding to increase the capacity of the facilities and access to new investments.But he pointed out that for Aihaddth does not provide job opportunities will not bring the countries emphasizing that the main problem is security,saying : The people are scared.Before all these challenges faced by the Iraqi economy,The weakness of the banking system to respond to the special procedures of activating the interest rates the bank built activate its monetary policy,where started since August 21 last remittances by offering special new and refinanced extend to six months from the date of issuance and the rate of twice a month,and by "100" Releases billion dinars each,in addition to remittances Treasury auctions, which started operation since 2004. Before all these challenges faced by the Iraqi economy,The weakness of the banking system to respond to the special procedures of activating the interest rates the bank built activate its monetary policy,where started since August 21 last remittances by offering special new and refinanced extend to six months from the date of issuance and the rate of twice a month,and by "100" Releases billion dinars each,in addition to remittances Treasury auctions.which started operation since 2004.However, the impact of this bank to withdraw cash in circulation in the market is still very modest.despite tens of billions of Iraqi dinars sold to the banking system in Iraq at each auction. However,the impact of this bank to withdraw cash in circulation in the market is still very modest.Despite tens of billions of Iraqi dinars sold to the banking system in Iraq at each auction.It seems every Matqdm that inflation rates would continue to rise,in spite of all the measures taken by the official bodies in the financial and monetary Iraq.these actions would not be feasible without a stable security and the rule of law. It seems every Matqdm that inflation rates would continue to rise,in spite of all the measures taken by the official bodies in the financial and monetary Iraq.These actions would not be feasible without a stable security and the rule of law.المصادرSources 11-Khalil Mohammed Hassan To urge .11-To urge Khalil Mohammed Hassan.Financial management. " Baghdad,1992. " Financial management."Baghdad,in 1992. "2-statements and speeches Governor of the Central Bank / Bank site on the Internet. Two-data and speeches Governor of the Central Bank / Bank site on the Internet.

Originally Posted by Ranger III

With as many Iraqis, Americans, worldwide speculators, governmental officials, Chase employees, Bank of America employees, G.I.'s, contractors,
billionaires who want to be multi-billionaires, swindlers, con artists, scammers,
CBI employees and officials, et cetera who know something about the probability of our imminent r/v burst, isn't it surprising that there haven't been more specific, serious leaks about the timing and amount of the r/v lately?

And isn't it surprising that rumors haven't spread like wildfire through Chase and Bank of America? J. P. Morgan Chase, for example, has about 170,000
employees. The White House has a hard time keeping secret what the main
course will be at Saturday night's dinner, and yet somehow the cat is still
basically in the bag on this speculation which, if we are right, dwarfs anything Wall Street has had to offer in the last hundred years?

Ezcash's report about bank employees may signal the beginning of such a
groundswell, but it is hard to tell.

Does anyone have an explanation for the presence of such relative calm on the eve of what I believe most of us view as a milestone event?

not long, we get our reval this weekend!!! weeeeeeeeeee
they wanted to wait for my birthday and present it as a gift!!