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

Hello All. I am curious what the term 'educated elite" means. For a person whose father was railroad man. His mother's death certificate has waitress as an occupation, and his uncle's were member of the carpenter's local, this "educated elite" comment is one that I don't understand. Have a good evening. We will have some additional infomation especially when the auction opens on sunday. Until then, have a good weekend.

Originally Posted by ronbo

What does rochambeau mean?

also known as "rock, scissors, paper" The winner then gets to kick the loser squaw in the (censored) <---- saved Neno the trouble

Iraqis in Jordan, the social and economic efficiency

(Voice of Iraq) - 11-17-2006
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Figures from the conflicting numbers ... Iraqis in Jordan, the social and economic efficiency, and low contact the host society
Amman-Mahmoud Alerimaoui life-17 / 11 / 06 / /

The majority of Jordanians to the Iraqis in Amman, they Malovon visitors to enjoy a long, but whatever remains extended a temporary, That is why the prevalence of expression such as «» Iraqi community or immigration Iraqi to Jordan, as well as the small numbers of acquired Jordanian citizenship of those they do not exceed a few hundred in most cases, The acquired by the investors as adults, As is the case in many countries of the world to attract investments and investors to it. The reason for this impression of the public perception that Iraq is a vast area and large resources, The transition preparation of the people of this great country to the small country remains off temporarily unreliable, as well as the limited employment opportunities in the country complain about the paucity of natural resources, It is the high unemployment rate among Shabaneh (14% of the total working population).
Iraqis in front of the offices of Jordanian security


However, there are aspects of the stability of the Iraqis in Jordan. as Iqbal those at the polls in the thick of the Iraqi elections in Jordan. and the emergence of a great deal of advertising in daily newspapers of the elections, held last year, also banquet in the streets of the capital, Amman, and especially the western region, candidates Iraqis banners of various sizes and colors. There are recurrent politicians and intellectuals Iraqis on Arab satellite channels. they talk via satellite from Amman. The opening of large numbers of restaurants desserts (manna) and Kebob and fish restaurants and cafes. and galleries of paintings, in addition to the manifestations of misery for the Iraqi women vendors Mchat Babbaouat blacks, The workers and workers in hotels and clubs. , as well as large numbers of private cars, Human Presence in remarkable places and shopping malls.

As is the case for a large percentage of Iraqis who do not know when to extend their stay in Jordan. Jordanians realize that the political and economic situation in Mesopotamia is not looking. Which is what makes the overview to the Iraqis with compassion and acceptance. and at least their understanding. This is reflected in the local press outlined, so while it is the serious security incidents have Iraqi party, and the majority of them are non-residents of any who crossed or infiltrated to perpetrate such infringements, The most serious of hotel bombings about a year ago (November 2005).

In the history of the flow of Iraqi immigrants to Jordan. the first wave arrived before 1990 and consisting of senior traders and investors, It was not the presence of these significant only among investors in the hotels and restaurants magnificent. The number is less than the number of visitors the purpose of tourism or treatment. In the first Gulf War, led after the invasion of Kuwait the previous regime to a wave of brain-intensive. It was not possible to limit their numbers, since a large percentage of them have resorted to the ground Jordan transition, some Gulf countries, and more towards the Western countries, by drawing on asylum procedures and humanitarian. While returned another is not insignificant to their home, after it became clear that the opportunities for its members to seek livelihood very difficult since arriving. especially the flow of these then, coupled with the return of the majority of Jordanians of Palestinian origin from Kuwait, as well as from other Gulf countries (about 350 thousand). The third wave came after the American war on Iraq and the former regime in March 9 (March) 2003, , and the subsequent deterioration of the security situation and livelihood of the majority of Iraqis. Some of these have already come to Jordan in the 1990s and returned to their country. to find themselves driven once again to travel to the closest Arab country : Jordan is the only non-Gulf, that opens them employment subject to certain controls up like many Egyptians and Syrians.

This does not mean that no complaint, especially when segments of the middle class, which considers the Jordanian circles that the enormous rise in the prices of apartments and land, , which has already doubled since late last year. but due to the affluent Iraqis rush to buy and prices sometimes exceed what is required before! The wave of acquisitions that had existed prior to that date and the previous prices, The new development is the increased demand and low supply, especially in the areas of western Amman. The rise in the prices of iron, cement and other construction materials and the wages of labor, this is not the fault of the Iraqis! Coupled with allowing Iraqis to own more than one home for housing, what led to the emergence of the phenomenon of trafficking Apartments between Iraqis themselves. Kascq furnished or lease of their compatriots.

Sources indicate the land area and the area of land sold to non-Jordanians in the first nine months of the current year. amounted to about 3620 dunums, The top Iraqi nationality ranked first in terms of circulation, The total of 999 treatment among 1610 transactions. while the share of dual Kuwaiti and Saudi investors together 222. The investments Iraqi nationality, the highest in terms of value of all nationalities and reached 18.6 million dinars (more than 27 million dollars) for a period of nine months only. The Iraqis issued the list of investors in the companies during the same period. their investments totaled about 106.5 million dinars in 1246 among the investors and more than about nine million dinars of the value of investments Emirates for the same period.

These figures reflect the presence financial investment, for many Iraqis with their families and relatives, The fit almost membership in the economic life, This nomination in the not distant future to be converted into part of the social components.
However, the Iraqis did not know in Jordan number, They live in areas as distant Central Jordanians and few of them outside the capital, This is because «» liquidity situation, The frequency of the entry and exit to Jordan. that opens the door for speculation about the conflicting numbers, The reflection on the political and economic situation in the country.

With talk many sources that the number of Iraqis in Jordan is about 900 thousand inhabitants, the Interior Ministry sources Jordanian No. talking about another does not exceed 250 thousand souls. holders of the residency and any of the others residing legally and illegally. This figure is lower by about sixty thousand talked about the number of former Interior Minister Samir Habashanh because for the past two years, what refers to the decreasing trend of the total number. In total, it is not an official statement and decisive on the issue.
Iraqi sells tobacco in one of the markets of Oman


Far from preparing Alergerajeh, and that may sometimes take on political considerations, the existence of the Iraqi population is a phenomenon which tends to hold steady. Most Iraqis in this country compare manifestations of economic prosperity and physical growth and the high level of service it, despite the weakness of its economic infrastructure, their country of enormous resources and afflicted with that. This impressive show them to the country, and sometimes the surprise of the existence of laws on taxes on land and housing sales, etc. they did not entrust such laws in their own country. Extends surprise at the large size of the schools, hospitals, universities, private and non-Jordanian banks and the phenomenal growth of the services sector, , which is lacking in their own country.

The Jordanians who had typical image of the Iraqis. As is the case with other Arab peoples, They began to discover later that there were very rich, extreme poverty, suffering from many Iraqis. Also discovered phenomenon of the large Shiite community, While they are not familiar with multi-ethnic states in the society. And rarely noticing between the Shiites of condemning loyalty to the former regime and its head, A link between them and non-Arab Iran «», It distinguishes Shiites Arobie «loyalty» «ancestry who whim», while others find it difficult to distinguish the differences observed. It was reported that requests the establishment of a Shiite shrine had not yet been formally accepted. fearing the emergence of a sectarian problem between Iraqis in Jordan. Authorities and the impacts of including these different dimensions of a political, security, As reflected in the outcome for society as a whole. While the Iraqis are distributors affiliations and loyalties do not constitute a majority.

Therefore there is no longer a homogeneous and stable for the Iraqis in the Jordanian awareness as before, «as a mix of rural people and the desert with inoculations civilian However allegiances Arab national net» no place for the installation or cracks, There is always room for surprises in the new image to the Iraqis! Suffice it to the emergence of cases of excesses, Kakchav preparation of the campaign forged passports to the border. What was published recently had to resort Iraqi personnel with a few other nationalities, to provide data and dummy to the Ministry of Industry and Trade on bank assets to enable them to obtain citizenship, so highlights concern. Note that the proportion of friction between Iraqis and Jordanians, and very little cause for concern, and in the light of scare Iraqis to form their own community, to communicate with one another. in the adjacent building, and visiting the interests of joint work between them in Jordan and abroad. Not due to interruption of favors between them and Jordanians, but because the Jordanians themselves in the areas of modern and medium level, the level of social communication, including markedly in the past two decades, in light of economic and social transformations and the accelerated rise in the burden of living. In this context, the incidence of intermarriage between Jordanians and Iraqis are little does not represent a noticeable phenomenon, in a country still characterized by conservatism and where intermarriage is within the narrow social circles. Therefore, bridging between the two types of Governors remains impossible. Categories maintain Btakliditha might not about liberal and modern categories, but but also to maintain other categories.

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I don't know if this has been posted before.
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Sent: Thursday, November 16, 2006 8:03 PM

Subject: Dinar Information and Links - Customers



To all of our Ompus / FreeDinar Members,



As many of you know we haven’t bought any Dinar since we stopped our sales. That was on October 17th, so other than rumors of Dinar being harder for other dealers to get we really didn’t have any first hand knowledge. However over the last few days we have found that the cost of Dinar has risen and has become harder to get.



The question you have to ask yourself is why? The answer is what we have been waiting for. The Dinar revaluation is upon us! But don’t take our word for it; take a look for yourself…



On November 13th, the Central Bank of Iraq issued a statement regarding increasing the value of the Dinar. An official source with the CBI said, “…the Iraqi Central Bank will adopt a tight monetary policy…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…” You can read the full article HERE.



We have also noticed a trend at the Central Bank of Iraq that goes hand-in-hand with a revaluation. Since November 1st of this year the Central Bank of Iraq has bought back Iraqi Dinar from their local banks at a tune of over $720 Million Dollars! That’s over 1 Trillion Iraqi Dinar (1,055,373,700 to be exact). This means that they have taken a large chunk of their currency out of circulation. They have also been improving the exchange rate from 1470 Dinars to the Dollar to 1454 as of yesterday. LINK



Why would they do this? Well if you were the Central Bank of Iraq, which is operated similar to the United States Treasury, and you knew that your currency was about to increase in value, for whatever reason, you would want to pull as much out of circulation as possible before it cost you more. This is one of the reasons we believe that we have seen this dramatic move from the CBI. We also know from the statement by the CBI, that they have tried all other means to combat inflation, and that they are going to improve the exchange rate.



However, does a move from 1470 to 1454 do enough? Let’s look at this from an Iraqi’s point of view. Lets say a child’s pair of shoes in Iraq cost around $6.99 USD. At the old rate of 1470 that’s 10,275 Dinars. With the new rate of 1454, those shoes are now 10,163 Dinars. If you convert it the other way, it brings the shoes down to $6.91 for a total savings of 8 cents. Is that enough of an increase in the rate to combat inflation? No way…



We believe that this slight change in the exchange rate is just to attract the local banks to sell back their Dinar. At over $720 million bought by the CBI, the combined profit for the banks could be as high as 8 million dollars.



If the Dinar was going to increase, then why would the banks sell theirs back. Wouldn’t they stand to make much more than 8 million? The answer is that the local banks need US dollars for project funding. Most if not all of the reconstruction projects are paid in US dollars, not to mention ALL of their imports. Of course this will change once the Dinar becomes internationally traded.



One other thing to note, a recent article in an Iraqi paper alludes to the release of the lower denominations. This same article also states that the CBI has no plans to change the currency. Here is a snippet: “According to an official source at the Central Bank of Iraq…there is no intention at this time to change the Iraqi currency is expected that the issuance of new categories of transactions…” This is a rough Google translation, but when we hear, “new categories of transactions”, we think this is in regards to the lower denominations. You can read the article HERE.



Here are a few other links to news of interest..



Bush Meeting with Iraq Panel Offers Hope



Norway Finds Huge Amounts of Oil in Iraq!



CBI Officials Attend Advanced Training this Week



Dollar Demand Down at the CBI



And let’s not forget this important link in regards to Monday’s big trade meeting between Iraq and the European Union LINK



If you have any questions in regards to anything you read here, or any comments, please feel free to email us at [email protected] or [email protected] and we would be happy to answer them.



Thank you,



Corporate Team

Ompus / FreeDinar

THIS IS THE KIND OF ARTICLES THE REINFORCE MY OPINION.....WE ARE GONNA' BE RICH.....Forget pennies from heaven -- It's black gold being sold!!!

Maliki : oil belongs to all the Iraqi Kirkuk

(Voice of Iraq) - 11-17-2006
This issue was sent to a friend
Ankara-News Agencies : he said Iraqi Prime Minister Nuri al-Maliki yesterday to mark the visit to Ankara that the oil resources in Iraq is the king of the entire Iraqi people, and should be distributed equally among all communities and stressed · Maliki that fight for the unity of Iraq's territory. pledging that Kirkuk, a city rich areas in northern Iraq, will Iraqi city · In his press Ankara with his Turkish counterpart Recep Tayyip Ardogan, he said that his government will also enhance cooperation with Turkey with regard to the fight against terrorism, but he refused to give any details · Maliki said, "We will not Naui any groups harm our neighbors" · The Maliki "that these resources should be distributed equally to the citizens," · He added, "we should not be deprived of any community and increase the wealth of other" ·

The Prime Minister of the Iraqi Kurdistan autonomous Nchiroan Barzani, had confirmed costing any last September that the Kurds want to control the oil of their wealth, He warned that any foreign intervention would only lead to invitations to revive the independence of Kurdistan ·

Turkey is concerned, a division of Iraq; which leads to the establishment of an independent state of Kurdistan with the possibility that capital Kirkuk Turkey fears of the possibility that this development will encourage supporters of the secession of the Kurds in Turkey to intensify their own to gain independence or autonomy · pressing Turkey to the United States and Iraqi forces to take tough action against the PKK camps in northern Iraq to launch forays m Nha to Turkey across the border, but frustrated by failure to take any action ·

He pointed out that the Al-Maliki government closed the representation office of the Kurdistan Workers Party in Baghdad. but he refused to go into any details regarding other actions that might be taken by the government · The Turkish Prime Minister Recep Tayyip Ardogan that Turkey stands side by side with Iraq. He pointed out that Turkey is ready to train Iraqi security personnel ·

The Office Ardogan said yesterday morning that the two Prime Ministers will discuss bilateral relations and the fight against Kurdish rebels in Turkey Members of the PKK based in northern Iraq ·
The Emirates

Originally Posted by Lunar

I guess I'm not that paranoid....still going with just Dr al-Shibibi at this point in time.

it was a joke,

I rarely post on forums but try to keep up with things daily here at RC and less frequently at IIF. Here are just a few things from the news that I can remember from RC history –and some comments- without providing links, or the post numbers- (please forgive me for this.. as fatigue becomes a factor here and when one is tired, listing things is easier than composing). I know for sure that many of you can add many more items to this list.... one in support of a medium to higher reval.

Recollection of news and thoughts supporting a mid to high revaluation:

-The statements by an Iraq official that the Dinar will rise substantially in 2006, and another supporting returning the currency to its previous value.
-The GCC factor. A common currency for GCC members by 2010… or has it since been changed to 2008? It is not unreasonable to think of this Common currency value to be close to an average of all their currency values.
- Recent article(s) stating that the use of economics factors should be considered to solve the violence since nothing else has worked.. The country is desperate and seems to be hanging only by a thread…
- …therefore, it may very well be that the cold, calculated vantage point of the almighty Banker may not carry as much weight as they seek a lower revaluation figure. I understand that this did not occur in the case of Germany after WWII…wasn’t that a big reval overnight?.. and the economy revived quickly?
- American Politics and the threat of a Democrat pull out.
- Do we know how much influence the Minister Of Finance will have on the revaluation? (A legitimate question, not news). Yes, Bankers are not concerned with social matters, but democratically elected Governments are.
Please add to the list if you wish…
-
-

It has been my recollection that the bulk of the evidence that has been mined and presented here on RC can serve as a credible and verifiable bibliography supporting a medium to high revaluation and refuting a low one, ie: .05.

I am hopeful that when it is decision time for the revaluation, they will REMEMBER GERMANY! This is JMO and so many of you have said it so much more effectively than I ever could,. Thanks to you all.

ND

Originally Posted by Wm.Knowles

Hello All. I am curious what the term 'educated elite" means. For a person whose father was railroad man. His mother's death certificate has waitress as an occupation, and his uncle's were member of the carpenter's local, this "educated elite" comment is one that I don't understand. Have a good evening. We will have some additional infomation especially when the auction opens on sunday. Until then, have a good weekend.

I think it means the natives are getting restless..lol have a good evening Knowles and thanks for your opinions and knowledge in these banking matters

Originally Posted by garthstar

give a man a fish, he'll eat for a day. teach him to fish, and he'll never go hungry.

Hey Garth, you forgot the 3rd line...

Give a man a fish, he'll eat for a day,
Teach a man to fish, he'll eat for a lifetime.
Give him an education, he'll open a chain of fish markets.

Originally Posted by donald1439

it was a joke,

Undoubtedly I'm more serious about this investment...I don't see humor in it.
Now if we can let this go and get back on topic...