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

Originally Posted by Lakeway

I realize that the amount of DINAR in speculators hands may seem like a shiitepot full of cash, it is really of no consiquence to the CBI. In a few days, after this thing takes off like a tom cat with his hind end dipped in turpentine, all the currency that we speculators cash in at our local banks, there will be someone else ready to buy it up. I don't know who or what that will be but.... The point being that the CBI will not have to pay for it. Thats the way I understand or believe to understand it anyway..... Go Baby GO!!

I would guess our collective purchases of Dinar are 3 or 4 days worth of oil exports.

$55 (approx. oil) * 2 mbpd (oil exports per day) = 110,000,000 USD per day.

5 days = 550,000,000 USD - that half a billion in 5 days...

Of course its not quite as simple as this but you get the idea. We are a few drops in the bucket compared to others (such as Kuwait - 28 billion) who were owed billions.

Originally Posted by railroad

That is an old picture I saw on the web several months ago

yes, they used the picture for emphasis on the story at radionawa where i got it. most little story clips have pictures with them there. i merely pasted it here coz it was at that one for emphasis.

NEXT WEEK THEY ARE HANDING THESE OUT. like i said in the post, what would be the use in handing out worthless dinar next week?????

Originally Posted by Vipor

Although your thinking here makes total logical sense Socata from a schedule standpoint, how will that month-long wait until Dec 12th be affected by the fact that announcements have already been made by certain dignitaries about their intentions to increase the dinar value? That would give many RICH people plenty of time to stock up with dinar. Thoughts?

I think a lot of "traditional" investors are not that interested (in Dinar anyway) because of various scare tactics (bad investment, scam, etc.) from the media as well as the violence portrayed in the media (notice media is mentioned twice). IMO, we are on the edge of a group of people who are willing to take a chance based on logic and common sense and not on scare tactics. Will it work out? Of course i think so.

Originally Posted by shotgunsusie

yes, they used the picture for emphasis on the story at radionawa where i got it. most little story clips have pictures with them there. i merely pasted it here coz it was at that one for emphasis.

NEXT WEEK THEY ARE HANDING THESE OUT. like i said in the post, what would be the use in handing out worthless dinar next week?????

I thought the 10k was supposed to go out the 12th?

Originally Posted by livefree

No thoughts other than I have heard this also.
Makes sense though - get oil at a discount!

Based on what i've read, i think it's get oil at a secured price (or discount if you like) for forgiving debts incurred from the Sadam regime. Same thing as you said.

Originally Posted by cigarman

I thought the 10k was supposed to go out the 12th?

This is NOT the 10k! See SGS post #135 on page 14.

Originally Posted by cigarman

I thought the 10k was supposed to go out the 12th?

Supposed to... but apparently not yet. Anyone in Iraq heard different??

Must be a reason... i'm sure we'll get a PR soon to explain why it was delayed and will go out next week instead.

PS. I write PR for major IT corps. - what a pain in the butt it is when they give you a day to write something about nothing...

Originally Posted by DinarDarling

I understood from something I read/heard several months ago that many countries, such as China, Egypt, Japan, etc had purchased BILLIONS of Dinar to use in purchasing Oil from Iraq.
Anybody else have thoughts on this?

Yes I rember the discussion on this also, several countries were mentioned including the US. Basically the Goverment would buy the dinar and then use it to buy oil from Iraqi! I do not remember if it was only specluation or if had a link for offical statement on that.

Originally Posted by Lakeway

I realize that the amount of DINAR in speculators hands may seem like a shiitepot full of cash, it is really of no consiquence to the CBI. In a few days, after this thing takes off like a tom cat with his hind end dipped in turpentine, all the currency that we speculators cash in at our local banks, there will be someone else ready to buy it up. I don't know who or what that will be but.... The point being that the CBI will not have to pay for it. Thats the way I understand or believe to understand it anyway..... Go Baby GO!!

This is a very good point. I always thought that the CBI and the GOI KNEW and Anticipated that a lot of dinar would be in the hands of others in other countries. I think this was planned, how else were they to increase their currency reserves? There was no way in the eary days that significant currency reserves were to be generated from inside of iraq. Outside investors were counted on to buy the dinar so as to provide a capitol base until oil and other revenues made up the difference. So we aare not part of their worry, (an opinion).

Originally Posted by DinarDarling

I understood from something I read/heard several months ago that many countries, such as China, Egypt, Japan, etc had purchased BILLIONS of Dinar to use in purchasing Oil from Iraq.
Anybody else have thoughts on this?

My understanding is that for any country who wishes to purchase oil from Iraq, has to buy the oil with Iraqi Dinars only.
This will do several positive things for Iraq.
Some of which are:
To bring dinar back to Iraq. The less out of circulation, the higher the value.
Driving the dinar's value up, it will gain world respect, and become the peoples 'currency of choice' in country.
Oil will be assuring it's value, no matter how their agriculture, tourism, business, or other industries survive.


Pam