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

Originally Posted by shotgunsusie

New Page 1

ITS NEVER BEEN 1460 BEFORE!!! what im thinkin is maybe just like BOB said they are going to change it to .31ID FROM 1460. now that its finally there...

I had a look on the History of auctions on the CBI site, and first half of 2005 it was 1460 and if you look further back it has been lower, but this is good, and the start of good things to come.

Originally Posted by kiko

Nice find. Let's hope it's true and they will do it like that, just going back as they came in.

I am reading this as $1 = 0.31 ID so 1 NID = $ 3.22 correct me if am wrong or tell me what I won when I am right!

That's not bad at all.

This is exactly how my husband just explaned it to me
So if your wrong we'll be wrong with you
but if your right Then wwoooooottttttt

Originally Posted by Dinar Duchess

I had a look on the History of auctions on the CBI site, and first half of 2005 it was 1460 and if you look further back it has been lower, but this is good, and the start of good things to come.

thanks, i stand corrected. i brought up the pdf and did a search on that number and didnt return any results so i assumed it wasnt there.

So now...mr. Bill Gates knows from these recent press releases that the dinar exchange rate will go up soon, so he will buy at least half of iraqi dinars in circulation - if not all - today

....this doesn't make sense....do we believe that CBI guys are stupid? I would say they are not! I think they did a great job so far in these given conditions in Iraq! ...and so, I think they will not allow mr. Gates to buy up Iraq....

I really believe that we'll have more news today from CBI regarding the exchange rate. After statements like the ones in these articles, how can you keep the exchange rate unchanged?

I remember when the CBI auctions stats came up yesterday - I said: well, just another day! Then BOOM , the press releases about the dinar exchange rate!!

Even if the auctions at CBI brought the dinar rate only to 1460, I still expect news from them today.

I am not a banker or anything, but common sense dictates that the rate should raise immediately. Otherwise, why would they do the Press release?? Just for fun?

And I don't think the cabinet reshuffle has anything to do with the CBI changes. CBI is the only institution that has the power to make these changes - as far as I understood from you guys , on this forum.
Mr. Knowls posted a few pages earlier that the Fed never cares about about what's happening in politics, did not he?

Am I wrong? If I am , please tell me why, so I can go back to sleep!! :(

Originally Posted by shotgunsusie

New Page 1

ITS NEVER BEEN 1460 BEFORE!!! what im thinkin is maybe just like BOB said they are going to change it to .31ID FROM 1460. now that its finally there...

I think you are right, Susie. Probably that's why all the books have been kept at 0.31 rate instead of 1460...

Originally Posted by webinvestor

I also thought urgency, while maybe not expressly mentioned, was a theme. An article posted by SGS today about the cabinet reshuffle did say Maliki wants to get things moving by Sunday. That was my understanding from the translation anyhow.

Also, the ISX was clearly not happy with the speed of new laws being inplemented.

Plus, don't forget US troops will start getting out of there in 4 to 6 months. Would you say that they want to hurry up and do all these while they are backed up by our troops?

But guess what...I was watching the news and it looks like the first step of the new approach will be : BRING MORE TROOPS IN IRAQ. I think what's cooking here is a massive insurgents cleanout. I hope it will work- for the good of poor iraqi people.

Originally Posted by Jola

I think you are right, Susie. Probably that's why all the books have been kept at 0.31 rate instead of 1460...

Exactly. Makes a lot of sense.

Hell if this is happening then we are so:

RICH

Iraq Aiming for three million barrels of oil per day by end 2006
14 November 2006 (Monday Morning)

Iraqi Oil Minister Hussein al-Shahristani, who has painted an optimistic picture of rapid expansion and modernization of the oil sector thanks to investment from foreign partners

Iraq hopes to be producing three million barrels of oil per day (BPD) by the end of the year and a massive 4.5 million by 2010, Oil Minister Hussein al-Shahristani has said.

The minister told reporters that Iraq had produced an average of 2.3 million BPD in October and had exported between 1.6 and 1.7 million daily despite insurgent attacks on pipelines “at least two to three times a week”.

More than three years after the fall of Saddam Hussein and the end of United Nations sanctions, Iraq is still struggling to develop its key oil sector amid sectarian war and a rebellion against the US-backed government.

Iraq Aiming for three million barrels of oil per day by end 2006 | Iraq Updates

But Iraq has 112 billion barrels of proven reserves -- the second highest level in the world -- and Shahristani painted an optimistic picture of rapid expansion and modernization thanks to investment from foreign partners.

The minister said he had recently returned from a tour of Asian countries and had returned with an agreement from the China National Petroleum Corporation (CNPC) to take over the Al-Ahdab field in Southern Iraq.

“A joint Iraqi-Chinese committee is to hold series of meetings, the first of which shall be on November 11 in Baghdad to start talks over how to develop the oil field”, Shahristani said.

CNPC first agreed to develop the field in 1997, but Iraq’s contracts have had to be reviewed since the American invasion swept away the former regime. Now, the firm hopes to produce 90,000 BPD there.
Shahristani also said that during his visit to Japan, the government promised to give a soft loan of 3.5 billion dollars to help Iraq build a refinery and a floating loading platform in the southern city of Basra.

Originally Posted by Jola

Am I wrong? If I am , please tell me why, so I can go back to sleep!! :(

Jola

No you are NOT wrong. These press releases will prove one of two things...

1) The official at CBI who released this information is an id iot!

2) The exchange rate of the Iraqi Dinar HAS TO to raise significantly in the next few days if not today!



.

Originally Posted by Pippyman

Jola

No you are NOT wrong. These press releases will prove one of two things...

1) The official at CBI who released this information is an id iot!

2) The exchange rate of the Iraqi Dinar HAS TO to raise significantly in the next few days if not today!



.

I agree. Although I don't think in this case they are idots. I go for number 2.

They must do this today or ASAP to prevent further speculation. That will cost them a lot of money.