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

Basra-Abbas-Hussein Iraq votes :

Back in real estate prices in Basra to rise again with the start of the return of a large number of immigrants following the calm security situation and the return of relative stability to the province.
He said citizens in the governorate of Basra have recently seen some stability and calm that followed the return of a very large proportion of those who have left their towns and villages. And it was natural to return real estate prices of housing and land plots, orchards and farms to rise significantly since they reached their highest levels but exceeded the rates before the migration of these families. ”.Says Mr. Abdul Amir Khazai, the owner of a real estate in the district of Al-Zubair "when people started leaving Basra because of the circumstances known to everyone T. offers increased selling homes and farms and artifacts, as well as the role of rental housing."
"The Khazai that "residential rental house then dropped to less than 50 thousand dinars. and sometimes we do not find a lessor, As prices fell role in Zubair from 150 million to 50 million dinars, but it was difficult to find a buyer even at this price. " He adds Khazai said, "There Bath House through my office at 55 million dinars, and after the author's intention to leave Basra because of threats Bath at 18 million dinars. Now, the situation has improved since last August, people started to return to Basra and Zubair become especially price over its first. "
He pointed out that the price of renting a home in the town of Zubair currently over 300 thousand dinars because of the large number of returnees to the town. " He added that "Zubair specifically characterized by a sense of calm and familiarity among occupants in addition to being enjoyed with the United social traditions and customs here special and differential proportion to the rest of the cities of Basra. therefore favor of the return of displaced families to housing in the city of Basra and Zubair. "
."He said Jaber Abdel-Latif, one of the returnees to the town of Zubair also, "After having been subjected to threats from unknown before I leave Basra to Syria in the month of June last June and sold my house and the furniture in the amount of 45 million dinars after the House and the unit price of 60 million dinars."
"He added, "and stayed in Syria for a period of four months, But I have been following the news closely, and after that calm has returned to Basra and schools have reopened in the 10th month, I returned to the towns that have not seen the best of them in the eyes. "
He concluded by saying "now purchased a home without a Major (ie not officially registered) at a price of 20 million dinars and started buying furniture slowly, but the safety that I feel now to Ataadlh Treasures of the Earth."

Translated version of http://www.baghdad-newspaper.com/

Cheers!
DayDream

Doesn't have a THING to do with the dinar...

Voices of Iraq: Falluja-Baby
Posted by: nadioshka on Monday, November 20, 2006 - 06:41 PM

Falluja-Baby
Two-headed baby born in Falluja
By Nasser Khalil
Falluja, Nov 20, (VOI) – A two-headed baby was born in Falluja general hospital and was immediately admitted to the intensive care unit, a hospital source said on Monday.
"A woman gave birth to a two-headed baby girl on Sunday night," Dr. Waleed Khaled al-Fahdawi from Falluja hospital told the independent news agency Voices of Iraq (VOI).
The baby, Mariam Hatem, "was born through a complicated cesarean section surgery. She is now in the intensive care unit and will undergo a surgery (to remove one of the heads) after about a week," Fahdawi said.
Falluja hospital is not equipped to handle such operations, so the baby will be sent to a hospital in Baghdad for the surgery, he added.

Falluja-Baby :: Aswat al Iraq :: Aswat al Iraq

She should automatically be given a polictical position as speaking from both mouths would be a natural for her.

Originally Posted by ordinaryseawoman

Doesn't have a THING to do with the dinar...

Voices of Iraq: Falluja-Baby
Posted by: nadioshka on Monday, November 20, 2006 - 06:41 PM

Falluja-Baby
Two-headed baby born in Falluja
By Nasser Khalil
Falluja, Nov 20, (VOI) – A two-headed baby was born in Falluja general hospital and was immediately admitted to the intensive care unit, a hospital source said on Monday.
"A woman gave birth to a two-headed baby girl on Sunday night," Dr. Waleed Khaled al-Fahdawi from Falluja hospital told the independent news agency Voices of Iraq (VOI).
The baby, Mariam Hatem, "was born through a complicated cesarean section surgery. She is now in the intensive care unit and will undergo a surgery (to remove one of the heads) after about a week," Fahdawi said.
Falluja hospital is not equipped to handle such operations, so the baby will be sent to a hospital in Baghdad for the surgery, he added.

Falluja-Baby :: Aswat al Iraq :: Aswat al Iraq

Pentagon Plans. I vote #1

1.Go Big $3.22

2.Go Long.

3. Go Home

Originally Posted by Wm.Knowles

I would like to answer the question presented by Kiko.

I know it is difficult but do you have an opion to what level the Dinar must rise to curb the inflation and increase the purchasing power, I think this is not possible with 1:1000?

Ther relationship between an RV and inflation is an indirect one. The CBI was willing to sell as much dinar as anyone wanted for a long time at a rate around 1475. From the very begginning, the dinar was considered by many to be undervalued. This had a positive effect by placing the dinar in the economy and increasing their currency reserves. Now they are removing dinar from the economy as a method of reducing the base money supply that will over time reduce inflation. It will not be immediate, but it will lower inflation if we continue to think of inflation as too much money chasing to few goods. If the dinar becomes more expensive, (higher exchange rate) then the CBI will place fewer dinar into the economy when it resumes the auction. One would almost predict that they WILL NOT resume the auction at these low levels and "undo" the removal of currency by going back to "business as usual". returning to an auction where dinar is freely sold at such a cheap level will only continue to place an abundance of dinar back into the economy and the end result of this would be a continuation of the inflationary spiral. So, once this removal of dinar, which has accomplished in a dramatic, if not in a panic mode is completed, the exchange rate of the dinar has to be increased or they are simply back where they started. The only way that the CBI can avoid a return to a policy of placing large amounts of dinar back into the economy is to make it more expensive i.e. RV. Lets see how the auctions in the next couple of days plays out. Thank You.

Ok...i am in agreement. Now (correct me if I am wrong), lets just say there is 4 Tril dinar in circurlation and by the end of this week (if they continue this trend) they will have taken 2 Tril out of circurlation. How much more will they take out?!? How much (could we guesstimate/speculate) would be taken out before the "raising of the value of the dinar". OR will we see less and less banks participating (because there running out of dinar)?

Originally Posted by ordinaryseawoman

Doesn't have a THING to do with the dinar...

Voices of Iraq: Falluja-Baby
Posted by: nadioshka on Monday, November 20, 2006 - 06:41 PM

Falluja-Baby
Two-headed baby born in Falluja
By Nasser Khalil
Falluja, Nov 20, (VOI) – A two-headed baby was born in Falluja general hospital and was immediately admitted to the intensive care unit, a hospital source said on Monday.
"A woman gave birth to a two-headed baby girl on Sunday night," Dr. Waleed Khaled al-Fahdawi from Falluja hospital told the independent news agency Voices of Iraq (VOI).
The baby, Mariam Hatem, "was born through a complicated cesarean section surgery. She is now in the intensive care unit and will undergo a surgery (to remove one of the heads) after about a week," Fahdawi said.
Falluja hospital is not equipped to handle such operations, so the baby will be sent to a hospital in Baghdad for the surgery, he added.

Falluja-Baby :: Aswat al Iraq :: Aswat al Iraq

Hope they don't cut off the wrong head...

Originally Posted by blackwulf

Ok...i am in agreement. Now (correct me if I am wrong), lets just say there is 4 Tril dinar in circurlation and by the end of this week (if they continue this trend) they will have taken 2 Tril out of circurlation. How much more will they take out?!? How much (could we guesstimate/speculate) would be taken out before the "raising of the value of the dinar". OR will we see less and less banks participating (because there running out of dinar)?

The answer to all of your questions maybe yes. We will never have an idea as to how much they intend to take out. All I can say is the more the beter. But what is important to note, is that they simply can't return to a position of "sell them all they want at an undervalued level". And, yes at the "tail end"
of this process we should see fewer banks and lessor numbers. But, they can not return to a position of sell to all, all that they want, as before. They did not engage in this removal of dianr, just to return to such a low rate that speculators could continue to purchase this currency at such an undervalued level, It will need to be more expensive. i.e. an RV.

OK I am ready to wait . Not to willingly, but I am ready. The past three months of watching the pattern, I can Accept a longer wait. Just Please stop saying 'soon.' It is wonderful to think it may be soon GOD I PRAY every day and night, that it will happen yesterday, But "SOON" That word is being over used. Every time everyone thinks its on the verge-----It flops. I think (JMHO) It would be best just to discuss Possibillities, and actions taking place. and stop with all the "SOON" BS. Those Wackie Iraqis In power don't have the stones just to get on with the RV. To much hesitation, and doubts on their part. If the CBI Has control of the DINAR then why can't they just move on it. I thought every thing < Laws and all > were In place, and that they had backings of most of the other countries involved in this. ---So why can't they just Shite, and get off the Pot? Just my 2 Dinars worth. BOB

Originally Posted by Wm.Knowles

The answer to all of your questions maybe yes. We will never have an idea as to how much they intend to take out. All I can say is the more the beter. But what is important to note, is that they simply can't return to a position of "sell them all they want at an undervalued level". And, yes at the "tail end"
of this process we should see fewer banks and lessor numbers. But, they can not return to a position of sell to all, all that they want, as before. They did not engage in this removal of dianr, just to return to such a low rate that speculators could continue to purchase this currency at such an undervalued level, It will need to be more expensive. i.e. an RV.

I'm no economist, mind you. I look at it like this: CBI is selling off a ton of their currency. Now, whether it's 2 trillion or 5 trillion, at the end of this 'Walmart special' on dinar, what's really left? Less currency to go around. Well, that's great in the short term microeconomic picture (less dinar in circulation, ergo less inflation because there's just less script to go around). But that does nothing for creating jobs, fixing homes, providing education, safety, and overall, a higher standard of living, now does it? (BTW I love your thought provoking posts Wm Knowles). Tell me if I'm wrong here, but one reason why Iraq has been able to stave off total collapse is because alot of transactions are still done in DOLLARS!? How the hell long can THAT go on? Mr. Knowles, I hope what we're seeing here with the massive currency sell-a-thon isn't a plan to create a Lorenz curve (if I remember back to Econ 101 or was it 102? 25 years ago) whereby Iraq becomes a country of have's and have not's, and nobody in the middle? Because that is exactly where it will be headed unless the dinar is R/Vd to parity with neighboring countries such as Jordan, and their biggest export is a nitrate/phosphorus based fertilizer?? Nothing else makes sense to me in a country as oil laden as Iraq. And they don't have another 3 years to get it done either. The American people, who are basically funding this little reconstruction and seeing their standard of living decrease day by day, won't stand for it much longer. Then again, maybe that's a good thing.

PS> Wm Knowles , you're a very wise and educated man. I don't know shite about money maters . You are very knowlegable and I enjoy all of your Posts I am learning a lot ----Now to Learn how to be a little more Patient. LOL. Keep up your good posts BOB