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

Personally confirmed the BofA rumor. Called the BofA number 800-432-1000. Spoke a gal named Ann about the rumor she wasn’t sure, so she placed a call to Bangor Maine branch and they said Yes they do deal in Dinar. Order can be filled in 24 to 48 hrs.

Plus I also have a BofA Direct Foreign Exchange number for those who want it 800-523-7860

Originally Posted by AlwaysDreaming

Does this mean that they ARE trading on the market now??

why is this such a big deal?

if it's on the world market we will all know it.

and if it was true that BofA would only buy/sell when the dinar was on the world market, would now have to be a false rumor because they are now buying/selling..

Is this really it?

I have never whooted before either but today this deserves a Whoot!!!


WWWWWWOOOOOOOOOTTTTTTTTTTTT


Thank you so much.

Originally Posted by gogreen

Sorry for my ignorance but I have been buying IQD's since last spring and they all came from Bank of America. Now Adster is saying that they are just now selling the Dionars? Am I missing something? I'd feel much more encourage when it starts trading on the FOREX.

I've read a couple of posts from people who were told BoA would only sell dinars once the currency was internationally tradeable. This was a few months ago.

The fact they are selling is huge, they know what's around the corner. Tie this in with the CBI article earlier, which was official and said in a nutshell they will increase the value of the dinar.

Pretty good facking day all in all!

Adster, correct me if I am wrong.

We have BoA selling which means international currency.

We have a good statement from the CBI about increasing the value of the dinar.

We have the EU negotiations on the 20th of november.

We will see our RV within days now!

Originally Posted by Allstar

Is this really it?

I have never whooted before either but today this deserves a Whoot!!!


WWWWWWOOOOOOOOOTTTTTTTTTTTT


Thank you so much.

People, people...Adster has just posted his latest news...but although VERY hopeful, we MUST remain calm and cautious until the international traded currency status can be confirmed.

Originally Posted by wciappetta

Personally confirmed the BofA rumor. Called the BofA number 800-432-1000. Spoke a gal named Ann about the rumor she wasn’t sure, so she placed a call to Bangor Maine branch and they said Yes they do deal in Dinar. Order can be filled in 24 to 48 hrs.

Plus I also have a BofA Direct Foreign Exchange number for those who want it 800-523-7860

Excellent Wardy my bro, where's Chinger, clint and D-E when you need them?! Chhaaaa chinnnggggggggggggggggg!

Someone wake Susie for facks sake.

Neno - I apologize for this post, and promise not to do it again, but I need to spread the word to others (anyone who's willing): My wife is experiencing some serious health issues, and therefore, I must take a break from the forums for a little while. Sounds like things are shaping up with regards to the Dinar, although I haven't had much time to read anything beyond the past couple of pages.

So please, can someone email me once a day (or heck, twice, or three times is fine with me), and give me a synopsis of what's going on? I want to stay informed, but I can't be on these forums right now. I'm only online right now because my wife is sleeping (thankfully - She didn't sleep at all last night, and FINALLY gave up fighting it). So please, email me at [email protected]. I will continue to check that email address a couple times a day, although I may not have time to respond. So anyone who does this, please accept my apologies now if I don't respond. It isn't that I'm ungreatful - I just won't be on the 'puter all that much. I have to take care of my wife right now.

Also, to help Neno out, please don't respond to this post (unless someone wants to say, "Yeah, I'm your point person", so others know it's being taken care of). I appreciate it. And again, I'm sorry Neno - I wanted to get news, and so I thought this would be a good place for this post, even though it's not news. I'll consider myself warned for this, and will refrain from such posts in the future.

You all take care - I'll be back when I am able.

The Central Bank adopted tight monetary policy to deal with high rates of inflation
(Voice of Iraq) - 11 - 13-2006 | This issue was sent to a friend The Republic of Iraq Council of Ministers-the governmental communications Media Relations Press Release Press release / Monday 11 - 13-2006 The Central Bank adopted tight monetary policy To address the high rates of inflation An official from the Iraqi Central Bank on inflationary phenomenon, including the following : Following the Iraqi Central Bank current trends of inflationary phenomenon and its implications on the tracks economic growth because of their undesirable effects on economic stability and the ability to allocate resources among the various activities of the economy and social conditions, especially the standard of living of the poorer classes and limited father vinegar, It should be noted that inflation in the Iraqi economy, which negatively affected the security conditions resulting from two sources : First : supply bottlenecks in the real sector, which mainly concentrated in the fuel processing sector and its negative effects on the cost of transport and communication and other production costs. The second : the significant influence of aggregate demand for goods and services in the economy. He added : We have reached the annual rates of inflation high levels exceeded 50%. In spite of the positive developments shown by the index of consumer prices (an indicator of inflation) during the month of September 2006, which represented a decrease of 13%. However, the inflation rate base (the index of consumer prices excluding fuel and lighting, transport and communication), which represents the effects of the aggregate demand for goods and services in the Iraqi economy, what remains high and the level of not less than 33%. He pointed out that the Central Bank notes and in the follow-up of economic policy in general and the implementation of monetary policy in particular, The inflationary effects arising from supply bottlenecks sector requires addressed through other means of economic policy, which is outside the scope of the impact of the Iraqi Central Bank and its monetary policy adopted, realizing that the inflationary effects of the base index, resulting from the demand side can turn Alihalh rooted in the joints and components of the Iraqi economy if not addressed through the measures and procedures required and available to macroeconomic policies and in particular the financial and monetary policies, it found the Central Bank and after-depth analysis of these policies that causes inflation back to the base the following factors : 1. That does not suit the Iraqi dinar exchange rate prevailing with the nominal level, which reflects the real capacity of the Iraqi economy achieved and conditions of flows of foreign currency to the following : - The oil revenues generated by high oil prices in the world market during the last two years, , which was reflected in the ongoing expansion of government expenditure. - Power expenses multinational forces stationed in Iraq. , which are internal cover their expenses in foreign currency. As well as the flow of foreign aid is different still available in the local market and foreign currency. The Almusderali that the Iraqi Central Bank believes that the above factors contributed to their widespread phenomenon of dealing in dollars (Dollar), which are outside the influence of monetary policy, The trends negatively affect the stability of the monetary demand and monetary policy course of action and its role in the stability of the financial market and the Iraqi dinar. 2. In terms of public expenditure has increased paragraph salaries and wages has accelerated during the past two years to reach 60% of GDP-oil after the increase does not exceed 35% till the year 2004. He said the Iraqi Central Bank will adopt a tight monetary policy in this regard is aimed at reducing the inflation base through improved exchange rate of the Iraqi dinar and raise the purchasing power of the Iraqi dinar and make cash more attractive means to reflect the circumstances and encouraging indicators in the economy which would help in addressing the Dah danger of dollarization, which is one of the factors - The desired in the work of monetary policy and the level of effectiveness to achieve their goals in reducing inflation. Furthermore, the Central Bank will adopt interest rates help to diversify financial market tools religion gradually terms at the same time enabling increased levels of savings and control the levels of cash. He went on to say that these measures will provide a climate conducive to the economic stability which will pave the way for reconstruction and achieve the required growth. in addition to higher levels of employment and reducing unemployment, which will be channeled all in the future of the Iraqi economy and prosperity.

Sotaliraq.com

is this what everybody is excited about???
WOOOOOOOOT!!!!!!!!!!
(if you must kick me out for wooting then go ahead but im doin it for this!!)

Originally Posted by kiko

Adster, correct me if I am wrong.

We have BoA selling which means international currency.

We have a good statement from the CBI about increasing the value of the dinar.

We have the EU negotiations on the 20th of november.

We will see our RV within days now!

Hope so bro, hope so.