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

Originally Posted by rvalreadydang

The Ministry of Finance announced that the rate of inflation Iraqi economic reconstruction of Iraq has risen to about 76%. as a result of deteriorating security conditions and instability to such a rise. The ministry added that the high rate of inflation also due to the administrative and financial corruption suffered by the Iraqi ministries and institutions. should be a reference to the proportion of the unemployed in Iraq, estimated at about 46%. It is noteworthy that the government has drawn up a new plan to deal with this rise in the inflation rate of economic

جريدة المواطن العراقية

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Originally Posted by rvalreadydang

The Ministry of Finance announced that the rate of inflation Iraqi economic reconstruction of Iraq has risen to about 76%. as a result of deteriorating security conditions and instability to such a rise. The ministry added that the high rate of inflation also due to the administrative and financial corruption suffered by the Iraqi ministries and institutions. should be a reference to the proportion of the unemployed in Iraq, estimated at about 46%. It is noteworthy that the government has drawn up a new plan to deal with this rise in the inflation rate of economic

جريدة المواطن العراقية

Hmmmm....REDO...RETHINK....REVAL

Hello everyone. Once again we see the CBI removing dinars from the economy. We have already discussed the importance of this and how it is relevant to us and the iraqi people. If my math is correct, they have removed over 1.1 Trillion dinar and apparently they have not finished their work. This is a strong confirmation that the CBI has a plan to deal with inflation as suggested by the SBA from the IMF. That agreement also suggested adjusting exchange rates. Since we know this removal process cannot last forever, we should see something different in the near term. If they continue this process until the end of the month, they could easily remove somewhere between 1.5 and 2 Trillion dinar. AND still have impressive currency reserves. Very few countries in the world are able to accomplish such an aggressive monetary intervention. Thank You

Originally Posted by Wm.Knowles

Hello everyone. Once again we see the CBI removing dinars from the economy. We have already discussed the importance of this and how it is relevant to us and the iraqi people. If my math is correct, they have removed over 1.1 Trillion dinar and apparently they have not finished their work. This is a strong confirmation that the CBI has a plan to deal with inflation as suggested by the SBA from the IMF. That agreement also suggested adjusting exchange rates. Since we know this removal process cannot last forever, we should see something different in the near term. If they continue this process until the end of the month, they could easily remove somewhere between 1.5 and 2 Trillion dinar. AND still have impressive currency reserves. Very few countries in the world are able to accomplish such an aggressive monetary intervention. Thank You

Originally Posted by Original Spiderman

Suz,
I agree, we and Iraq are sitting on more potential than can be discribed, but this thing is far beyond what we consider normal rational. I know we will eventually get there, but in general these folks have a whole different perspective on the world. Many would make a prided based descission, which are ususally what we consider crazy (suicide bombing), than to forgive, move on, florish and prosper. I have many close friends in Kuwait and Iraq, and if you ever discuss things like world politics and religion with them, you would think they were living on another planet. They are convinced that the world is conspiring against them and underneath every rock is a Israelly, plotting to get them. Even folks that have better sense even sympathize with some martyres. I mean they think that Hitler has been resurrected in jewish form. Thus many don't trust enough to forgive and except peace. The iraqi government is stuck in the middle; attempting to do what maybe impossible. They have to balance between the western perspective on what is right and cultural norms that have been in place for a millinium. Sadam was a madman, but that's what kept the vulcano from erupting. Shucks, it took us 200+ years to make the progress we have achieved in the US, and we still have a ways to go. Iraq is try to do it in 3 years? I really hope that things get better, and I think a sizable reval would help but the mindset is so deeply embedded and the propaganda is so pervasive, it's going to take some doing.
SGS you are my Rah Rah Momma . Your optimism keeps me centered. Please keep up the great job!

As he said above. Not to judge your post at all, Original Spiderman but, it is all under way, the change will go alot quicker in these modern days. Remember it is accient Babylon. It will be the Riches Part of the World. It is Written, It shall be done.

Originally Posted by bubbajr

Adster,

If you are still around On one of your post you had said, that we hope it will happen between now and 3.5 weeks. One of your post it was sort of changed to now and 3 months.
Will you do me a big favor, and let me know which one it is? PLEASE
It dont take much to confuse me any more, lolol

Thanks

3 months is a complete outside date. By then we will have our oil law, ICI, implemented FIL and probably debt relief, and improved security.

I'm still thinking it can happen anytime within the next 3 months, (sooner rather than later.)

Originally Posted by Original Spiderman

Team,
I'm all about this thing working out but over this past couple of months I've been trying to look at this things with an unbiased eye. And I think sometimes we kind of read too much into what is being put out there. It's almost like a scientist who is looking or hopeing to find a certain positive outcome. His perspective becomes skewed or biased. And that is why placebos and other methods are used to guard against biased result or findings. I believe the word "reval" has be tossed around too liberally with assumed conotations of a huge jump. I would surely love an overnight miracle, but if any of you can remember one of my 1st post from the other forum, which I almost bled to death from all the bashing I received, I stated "the money will not hit until Bushes war was over". This was my perspective because I have been around in the region for 8+ years and I believe most of us here, contractors and many mil folks, are invested and upon "revalution" most of us would quickly return home. This would have a major impact on the efforts here.
I recognize all of the positive things that are happening daily, but the reality of our situation is that this thing will increase in accordance with market norms. I pray to God that it is a huge jump, but my spidy senses tells me that this may be unlikely. The Pre-tribulation "Rapture" theory is popular and sells books in the stores and seats in the church, but it is not Biblical. OK; I am hunkered down for the bashing, so.... GO!

Originally Posted by Dinar Duchess

Thanks spiderman, its good to hear news from people working in Iraq and I value your input. You do have a very valid point, I suppose we are all just gonna have to wait and see.

Go view point from you OS. Everyone has them. I agree. But as I was about to post to you again, it was written already that Time will Tell.

Originally Posted by shotgunsusie

last time i checked the richest people in the world were from saudi arabia or the majority of them were.

Not according to Forbes:

The country with the richest people and the majority of them is the USA.

Top 10

USA #1,#2 & #6 TOTAL= 3
SA: #8 TOTAL= 1

Out of the 200 richest people in the world:

USA= 62
SA= 6

Maybe some of us will be on the 2007 list!

The World's Richest People - Forbes.com

High demand for the dollar in an auction Central
Baghdad - (Voices of Iraq)

The demand for dollar in the auction the Central Bank of Iraq today, Monday, recording 56 million and 765 thousand dollars, compared with 31 million and 495 thousand dollars at yesterday's meeting Sunday.
The bulletin issued by the bank on the status of the auction, received news agency (Voices of Iraq) independent copy, that "demand distributed between 16 million and 965 thousand dollars in cash and 39 million 800 thousand dollars in the form of remittances outside the bank full coverage of exchange rate amounted to 1449 dinars to the dollar, down three dinars on the rate of exchange on yesterday, Sunday, which amounted to 1452 dinars to the dollar."

The bulletin pointed out that he "did not submit any of the 12 banks participating in the auction, offers to sell the dollar." Asked why the banks halted the sale of the dollar to the Central Bank said Sami Almfergi one dealing with the auction told (the voices of Iraq) that "the banks to sell some of the dollar amounts of the bank was for the purpose of speculation and reduce the price for some of the gains but the current price policy followed by the Central Bank through a sustained reduction of dollar automatically blocking speculators. "

ÏæáÇÑ - (ÇÞÊÕÇÏ) :: Aswat al Iraq :: Aswat al Iraq

Originally Posted by Dinar Cha Ching

Not according to Forbes:

The country with the richest people and the majority of them is the USA.

Top 10

USA #1,#2 & #6 TOTAL= 3
SA: #8 TOTAL= 1

Out of the 200 richest people in the world:

USA= 62
SA= 6

Maybe some of us will be on the 2007 list!

The World's Richest People - Forbes.com

im not so sure anyone here bought enough to make a billion from it. lol
thats the smallest amount on the list, millionaires dont even qualify anymore.

I personally will be watching what transpires from the EU meetings. I still strongly believe that Iraq is out of time and December 11th or 12th is too late. Every morning I watch CNBC World Exchange and they discuss just about every currency movement and stock movements etc. You would think that with the accomplishments of the last 11 CBI auctions that it would be mentioned either positively or negatively amongst the currency exchange circles, and I have not heard it mentioned once. I have even heard the Yuan and the Dong mentioned today regarding slight movements. My point is we may value the movement of the CBI efforts and the slightest of movements as progress in our opinions, but many of those on the outside looking in have lost faith in Iraq and their ability to recover their economy. I believe they are on borrowed time and they need to make a very dramatic and positive economical move now or they may lose the support of their most influential backers. JMHO.