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

Originally Posted by SeaRayaWaitin'

Oh..come on now....this is why everyone gets so excited about information that is incorrect. Iraq has NEVER said this. If you are referring to the article where they said '148 to the dollar'...that could mean any number of things. Geez.

Not when they are associating THAT number with the "Former Level" and I'll ask you,

Other than the historical level, what other former level is there? Even the US government citing the black market level of the mid eighties confirm a former level in the 1.60 range USD Pretty close to the 148 number don't you think?

You should be viewing that number as 1 dinar 480 fils which is further confirmed by the end of June comment by the MOF. Right Clint? Excuse me while I get Dinar-Excited.......


Here is the earlier article for reference:

Here is the June 2006 article:

Dollar and the dinar competed for the hearts of Iraqi

June 2006


Muhammad Qasim from Baghdad : dealing in the US dollar, has emerged in Iraq after the end of the Iran-Iraq war in clear terms the value of three-three and a half before the Iraqi dinar. But repeated wars and economic blockade making dinar in a steady decline has lost purchasing value compared to the US dollar and other foreign currencies to the price before the fall of Saddam's regime to 2,428 dinars for every one dollar.
We have tried the former regime in Iraq to the value of the Iraqi dinar, by not doing business not only in Iraqi dinars US dollar deal. But this did not succeed because the Iraqis have an advantage if you to comment something will never leave as is the case with a certain model of car or other goods. The issue of opening up the banking offices of a departure from the law and is prohibited in the system for a long time and have been hunted down and imprisoned scores of currency dealers. But after the fall of the US dollar was unprecedented boom in the Iraqi street in all areas and all the joints and other vital. , and the distribution of staff salaries initially accumulated in the US dollar, have had a significant impact on the spread Lailav as he (Ahmed), a member of one of Alozar T.
Paper paper
Then spread the offices of the companies banking and money orders dealing all the foreign and especially the dollar, most people have turned their money into dollars to preserve them from theft Vbamkank converting large amount of several Rzmat to papers numbered Lattaadi fingers handwritten reservation in place when navigating the most popular markets and others, Everyone speaks paper paper is not new currency but that Aldolaraloahd called term traders and currency dealers (Ech), a Persian word means one (Wik), and because the paper was giving the Iraqis the feminization of yucca, The net called% (paper) and ten thousand dollars to be called (book) or (intensity), used these words ease and brevity.
Kidnapping
- The majority of kidnappings against innocent people today are required to ransom by kidnappers quantity (books)
- Bashir says : Upon the fall of Baghdad occurred looting and pillaging as everyone knows, the banks and banks the lion's share in the robbery by criminals who were released before the war after months of the amnesty These banks contain large amounts of hard currency were stolen reason for the proliferation of today.
The opening of Iraq's borders with the neighbouring countries plays a large role in the business dealings with Iraqi traders often the American dollar, The majority of foreign investment companies in Iraq, such as telecommunication companies, and corporate security and protections given salary instructed US dollar.
- The increased travels with Iraq's neighbours thresholds religious and recreational trips also deal Jordanian dinar and the Syrian lira and the Iranian Altoman but the dollar remains at the forefront of foreign currency in circulation today in Iraq.
Dinar tries
Iraqi dinar, which found itself ever second day when Iraqis seeking to regain its position by maintaining the previous level, which had arrived since the fall of the former regime and was 1480 per dollar. It has helped the decision new edition difficult to forge in place dinar Iraqi] hope to achieve new Finance Minister promise that piece a few days ago that the equivalent of the Iraqi dinar dollars or dollars and a half, so Baht zeroes three for example in the price of the dollar 1 dinars 480 fils after the 1A and 480 dinars

Originally Posted by RetMil

I looked very deeply into the other options of investing in Iraq. But a number of things kepted me from diving in.

1. I wanted to be able to get out as fast as possible if the need arises.
2. With the rampid corruption of the GOI and the stealing of so much of the oil, I am hesitent to go further into a system which could be next for criminal activities.
3. And lastly, I don't have to have my funds under control of another to make a huge gain in this investment. I have all I need in my control to weather this out. To me this is not like our normal investment strategy where we have to fork over some dough in the hopes our stock market will make it a bigger peice of dough. This is just between us and the cbi. It can't get anymore streamlined than that. And thats all thats required.

Don't get me wrong, I completely understand the path that some are taking and I understand why. More power to you. I hope it hits for ya. My tac on that was that I bought enough dinar that I don't require additional sources of return. I had one guy over at the Brand X forum tell me that I needed to hedge my bets by investing through Warka and the ISX. All I did was ask him "what do you think is going to happen to Warka and the ISX if there is no reval and the GOI goes down the crapper?" We are all in the same boat. Warka and the ISX can't protect you from that.

Good luck to us all.

You know I agree with this post. I have been in this for almost three years. I have no money anywhere other than the safe in my home. I have no doubt that the ISX and whatever other options out there may pay of BIG for those that got into that. I have NEVER heard or read anything in my three years that have made me think that I may not make millions. That's as simple as I know to say it.

Originally Posted by CharmedPiper

I found this link on my desktop and was reading it and re-reading it and I need an opinion. Is this reading approved on November 12, 2006 for distribution next Sunday which would be tomorrow November 19, 2006. Could we have mis-interpretted the dates all along and this event has not happened yet but is due tomorrow..

Next Sunday the distribution amounts violated in Babylon

Guinness Mesopotamia : Hilla / Amir Muhammad

Start Rafidain Bank branch Babel next Sunday regardless grant feast that had been endorsed by the Council of Ministers to grant citizens the occasion of the Eid al-Fitr holiday, said Mr. Hakim Hussein Jabr director of Rafidain Bank /

Babylon saying this grant will be disbursed as of next Sunday, approved in 2006 / 11 / 12 for three months as a the agenda for stabilizing agents by the names and the date of payment of the grant families so that all citizens receiving and continue to exchange up to 2007 / 1 / 31, adding the purpose of getting rid of the fraud had been organized special restrictions of each family as a special Bank.

Translated version of http://nahrain.com/d/news/06/11/10/nhr1110f.html

This is a great find that I think some people are not giving enough credit to...thanks again CP for the work you put in...hopefully we will see good things tomorrow if this article is right.. Can't wait to see what the Auction in the AM hours brings to the table.

Lots of good info Gang. I am finally cault up on all the News and Posting's from the whole Forum. I will now go to the Trash Talk we had yesterday that was moved until it could be dealt with. Sorry for the Delay. But will be making determinations now.

Really enjoyed the last couple hundred post. It seems we are just picking their secerets for the r/v. Awsome. That is what this is all about. Great work form all of you. Makes good read. I have moved a few post tonight. Dont really care about the bickering post in here. They will always be moved out. Ok BBL.

Originally Posted by jedi17

This is a great find that I think some people are not giving enough credit to...thanks again CP for the work you put in...hopefully we will see good things tomorrow if this article is right.. Can't wait to see what the Auction in the AM hours brings to the table.

Can you tell me what time the auction results will be posted CST?

Originally Posted by ccgideon

Can you tell me what time the auction results will be posted CST?

I never saw anything until 0400 EST...should be 0300 CST...

Originally Posted by ccgideon

Can you tell me what time the auction results will be posted CST?

Usually between 0550 and 0600 EST...hope that helps

Originally Posted by jedi17

Usually between 0550 and 0600 EST...hope that helps

AAAANNNND!?!?!? are we excited...usually Saturday nights are exciting around here....general consenus??????

Originally Posted by MOM2TWO

AAAANNNND!?!?!? are we excited...usually Saturday nights are exciting around here....general consenus??????

well it is 9PM Kansas time and my stomach is quivering already!

Originally Posted by ccgideon

well it is 9PM Kansas time and my stomach is quivering already!

I knew my Denver Broncos defense hit hard , but hard enough to shake Kansas before the game even started.
The R/V doesn't suck either !!!!!
LOL"