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

So who here thinks Bush will show up in the news tomorrow with the troops in Iraq eating Turkey Dinar or is his plea for attention over?

Originally Posted by CharmedPiper

I think we are really really close....I am anxious to see how much dinar they are able to pull in tonight on the auction...Last night they only pulled in 11.435.000 with 11 banks. This is the lowest amount so far with next to the lowest banks participating. Meaning lowest bank participation in the last 13 auctions was 10 banks on 11/12/06. Seems like the banks are drying up......and it doesn't look like they can continue pulling substantial amounts until December 12th so I look for a reval in NOVEMBER. Hopefully tonights auction #14 since I have been keeping a running tally will be the last before the big reval.

Where's all the WOOOOT'S.....

I sure would like WmKnowles opinion about this seemingly very low amount being pulled out of circulation yesterday with fewer banks participating. They couldn't be running out of dinars already...OR could they??? WOOOOOOOOOOOOOOOOOOOOOT!!!!!!!!!

Man with all the puns being used here today, you would think that Piers Anthony was practicing for a new book!

Originally Posted by CharmedPiper

I think we are really really close....I am anxious to see how much dinar they are able to pull in tonight on the auction...Last night they only pulled in 11.435.000 with 11 banks. This is the lowest amount so far with next to the lowest banks participating. Meaning lowest bank participation in the last 13 auctions was 10 banks on 11/12/06. Seems like the banks are drying up......and it doesn't look like they can continue pulling substantial amounts until December 12th so I look for a reval in NOVEMBER. Hopefully tonights auction #14 since I have been keeping a running tally will be the last before the big reval.

Where's all the WOOOOT'S.....

They have to be about done since they truely are a cash based society.

The economic event : the Central Bank and counter inflationary situation (2 - 2)
Hossam Alsamuk In the midst of this confrontation faced by the Central Bank. we have to wake policies must they would conflict with its existing and future at the same time, While marching preoccupation with the Iraqi Central Bank to address the situation and inflationary influences on hazardous cruise the economic cycle, through special procedures (the firm) recent strengthening of the exchange rate of the Iraqi dinar and the clear success in the adoption of a new promotional rate of the dinar against the dollar as alluded to in the first section of the (dependent allowance), we would like to point out was what the Central Bank in the same statement, the alarm sounded by a few days ago after a row in the graphic July 23 July and August 17 last August. The release pointed out that literally supply bottlenecks, which is carved inflationary effects (requiring addressed through other means of economic policy which is outside the influence of the Central Bank and its policy adopted). This particular paragraph already experienced in more than one (column), we dealt with the situation earlier, while inflationary and received more than reproach in the Srahatna (loading) of several parties from the ministries and government institutions to take action quickly random caused economic damage our lives, the Central Bank was forced to refer to it in his last while the example that (supply bottlenecks in the real sector mainly concentrated in the fuel processing sector and the negative impact on the costs of transportation, communication and other production costs). Not hesitate to point out here that the projects should have been mature mechanisms, for caused enormous damage to the general body of the economic situation in the country. was the inflationary situation, which reached the rate reached 76.6%, the risk of one of the consequences we have warned about a year ago from now, when we discussed the rash actions in raising the prices of oil derivatives, but warned of the repercussions of the price had reached bread to one thousand dinars. This remains a possibility! In the midst of this confrontation faced by the Central Bank. we have to wake policies must they would conflict with its existing and future at the same time, That looks to employees and retirees of the step the government promised It seems from the list of transactions - they reached the stage of maturity is to increase the salaries of two tranches, But in a time when we look forward to action being direct beneficiaries thereof, we warn that the anticipated increase confiscated directly from further aggravation of the situation on the doorstep of inflationary if not studied the mechanisms increase economic measures, according to join in the firm avoided lust Tufayli of inflation, which applies in the cellars Ktsll hidden termites. the erosion of the green and the ground. According to these facts facing the Monetary Authority expressed the Central Bank, All the economic institutions that recruit their support academic and professional actors together to develop plans and policies to address each situation inflationary influences and justifications escalating and controlled the economic transactions.

ÌÑíÏÉ ÇáãÏì - ÇáÈäß ÇáãÑßÒí æãÌÇÈåÉ ÇáÍÇáÉ ÇáÊÖÎãí&#201 ; (2-2)

Originally Posted by dinarmad

This is the way I am reading it as.. 1000=1.000

Just got back to the office and got caught up on the past threads. Looks like some movement here. I'm getting a little excited , I think this thing could be picking up some steam. The only thing that concerns me at this point is "when is it going on the Forex"??? The banks in my area will only handle dinar after it is on the market. If it busted out at a $1.50 tomorrow and is not on forex the local banks won't touch it. A trip to Iraq to cash in sounds easy......but would you make it back????

Originally Posted by Justpraying

Man with all the puns being used here today, you would think that Piers Anthony was practicing for a new book!

CNN was reporting that New York will be under massive inflation tomorrow.
Too bad Iraq's inflation isn't caused by some air filled Macy day parade balloons.

Happy T-Day to all of you RolClub folks, I hope you all have a great day with your families and maybe after tomorrows auction we will have something additional to be thankful for.

Happy Thanksgiving.

It's hard to justify these two extremes in Iraq.

Nortel And Redline To Build Telecom Infrastructure In Iraq

The two Canadian companies got contracts to build a nationwide optical backbone and to deploy a WiMax network.

By W. David Gardner
InformationWeek

Nov 22, 2006 02:21 PM

Two Canada-based companies reported this week that they have received contracts to build telecommunications infrastructure in war-torn Iraq. Nortel said it received a $20 million contract to build a nationwide optical backbone, while Redline Communications said its equipment will be used to deploy a WiMax network.

A spokesman for Nortel said Wednesday that work on the optical network is scheduled to get underway in the first quarter of 2007. The Nortel contract was awarded in a pubic competition by the Iraq Telecommunications & Post Corporation, which is Iraq's sole fixed-line operator. ....

..."This national project is vitally important to the many telecommunications projects underway that will help rebuild the capabilities of the Iraqi society and economy," said H. E. Mohamed Allawi, Iraqi Minister of Communications, in a statement.

The Nortel network will cover 35 major cities across 5000 kilometers.

Redline said it was selected by telecom operator IraqTel to deploy a WiMax network. The network will offer advanced voice and broadband services. Redline did not respond to phone calls and e-mails seeking additional information on the contract.

In spite of the growing violence in Iraq and the challenge of providing security, telecomm infrastructure has gradually been improving. Last summer, the U.S. State Department said there w....

as compared to this:

By Mussab Al-Khairalla

BAGHDAD, Nov 22 (Reuters) - Summer was bad. Winter will be worse. Since freezing temperatures last descended on Iraq, close to half a million people have fled sectarian violence for other parts of the country, the United Nations said on Wednesday.

"We have no electricity here and no running water," said Abdul Hussein Sachid, a tribal elder in traditional robes as he sat on a rug sipping tea outside the makeshift shack that has been home to his family of 23 for the past few months.

"We cannot live like this any longer," he said, squatting amid the dust and flies of a new camp run by a Shi'ite charity led by radical cleric Moqtada al-Sadr on the edge of Baghdad.

"Something must be done to help us rebuild our lives," said Sachid, one of some 7,000 fellow Shi'ites in camps in the area who fled the town of Haswa, south of the capital, when bands of Sunni gunmen began attacking homes there some months ago.

Violent civilian deaths hit a record high of 120 a day, according to a bi-monthly U.N. human rights report published on Wednesday. It is such violence that is driving the refugees.

After one of his sons was kidnapped and killed, Sachid left the home he owned and sold his car to buy corrugated iron and bricks to build the three-room hut that now houses himself, two sons, their wives and children. With night-time temperatures already chilly, he says there is no prospect of their returning.....

I have much to be thankful..God has been good to me..happy thanksgiving to all of you..

Originally Posted by kiko

He isn't a Senior Member yet!

Go read all his posts. He may or may not be right - but he is credible.

Oof--just got caught up on the posts...

Okay folks...after living through the rumor craziness at IIF I'm pretty sour on RUMORS. 100 to 1 by 1/15/07...just sounds fishy to me...bs flags raised by his trip, his many sources and friends at the state department...sounds to me like he's trying hard for credibility.

Would I feel better about this if the amount was higher? To be honest, yeah probably. There is a lot of CONCRETE news out there...so for the new folks out there, listen to the rumors...bank on the FACTS!

THERE IS SOO MUCH GOOD NEWS COMING IN DAILY! THE RUMORS MAY COME AND GO BUT REMEMBER--THE FACTS WON'T LIE.