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

I hope that I'm not stepping on anyones toes.A friend of mine and I were
talking on the telephone about thirty minutes ago and he told me to go to
dinartrade.com and read their latest news. I haven't seen all of the threads
yet but I hope that this may be of some use................
Central Bank will adopt a tight monetary policy


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 danger of dollarization, which is one of the factors. 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 danger of the dollarization,

Zubaidi on this subject : Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.

Undersecretary to Minister of Finance:
The rise in the value of the Iraqi currency against the dollar would reduce the value of imports, and raising the value of exports. As exports are negligible, the economy will benefit from the policy of raising the rate of the Iraqi dinar.
Source: Voice of Iraq

The CBI Press article was also published on the Iraqi Government site today even though it is a chopped up translation.

Translated version of http://www.iraqigovernment.org/

Cheers!
DayDream

Adster and Susies , along with others hold great credability here. Adster posted a monumental find here this morning. Steph is well...Steph.

The point I'm making is that what Adster has posted is undisputable. I believe our day has come and we are rich people. I will wait and see further confirmation in the next day or two.

By the way...Hi Franny


Gloribee - Right back to you honey - HI

I don't think Neno will punish "Senior Citizens"; he is too nice to do that Anyway, I like him too much.

Originally Posted by DayDream

The CBI Press article was also published on the Iraqi Government site today even though it is a chopped up translation.

Translated version of http://www.iraqigovernment.org/

Cheers!
DayDream

I couldn't help but notice your sig. I remember when the yaz.. rate was being talked about, but I missed where it was talked about it being $1.8+ sorry if I missed it

Originally Posted by neno

What it is, is that it has been thought to be known that BofA want exchange NID's until it was traded Internationaly. So with this thought most believed that the Stephanie Rumor, if it came to pass, that it would be a good direction of bigger things to come. Thought I would catch you up on that chain of thought here.

That's exactly the problem though...it never was FACT. A long while back either on Rolclub or another forum..someone tried to buy dinar at a bank of america and were probably generically told that they could only get currency that was internationally traded...then time and many posts and more time later...all of a sudden it's gospel that boa won't deal in dinar until it's 'on the market'. And everybody takes it as FACT when in actuality it's not. That type of thing is the gasoline that fuels all the rumors that never come to fruition...that is..people twisting info this way and that and interpreting it in a way that makes them feel all warm and fuzzy and eventually others accepting it as a fact. This is precisley why I like Adster's posts of lists of things that we know to be fact and don't just assume is fact.

Originally Posted by boogirl

Hi Adam,

Is the CBI report current or a reprint?

The following line from it makes me think it might be old...

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.

What say you?

Sotaliraq.com

Thanks,
Boo

ps. Belated Happy B-Day Susie

Hi Boo girl, I know your addressing the question to Adster ( and I'm no Adster) but IMO, what leads me to believe the article is recent is that they are repeatedly addressing the inflation problem and the 50%+ or higher inflation rate which was not a great problem in my understanding until these last few months.

Originally Posted by Mike5200

Hi Boo girl, I know your addressing the question to Adster ( and I'm no Adster) but IMO, what leads me to believe the article is recent is that they are repeatedly addressing the inflation problem and the 50%+ or higher inflation rate which was not a great problem in my understanding until these last few months.

Mike very good observation. Missed that totally. it was I know of until earlier this year at 30%. When I jumped on board in April until now the mention of 50% to 70% has just been report in the last three months or less.

Originally Posted by Mike5200

Hi Boo girl, I know your addressing the question to Adster ( and I'm no Adster) but IMO, what leads me to believe the article is recent is that they are repeatedly addressing the inflation problem and the 50%+ or higher inflation rate which was not a great problem in my understanding until these last few months.

If you read the article it states a paragraph about September 06.

One can go to iraqigovernement.org and read the article there. I don't think it is an old article as it mentions Sept. 2006

Hey all, just got home from work. What's the good word??