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

Originally Posted by ordinaryseawoman

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 by1/15/07...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.

Exactly, forget rumours, not worth shiite.

All the best folks, am signing off, see you soon, bring this baby in kiko, Mike, Susie, CP, clint and others, any updates if Mrs A logs on would be appreciated.


Cheers.


Adster.

Originally Posted by boomcreek

You're thinking too small. 7-11 is huge, and the difference in price they may have to pay is miniscule compared to profits they would lose for doing business with a putz like Chavez' kind.

Exactly, and there were no special pricing to 7-11, and there 2,100 gas stations at stores, so in my estimation, this is a major hit on VZ which now owns Citgo. If people knew Citgo is no longer U.S. owned, they might think twice about using an enemy of U.S. who soon will be converting it's oil from dollar to Euro, trying to undermine U.S. economy by putting pressure on dollar.

Good luck to all, Mike

Has this been posted? (did I post it?? )

Investment law in Kurdistan region opens wide horizons for private sector
21/11/2006
Source: Al-Sabah

Businessmen in Kurdistan region have said that special investment law of the region has opened (past tense) wide horizons for international firms and private sector to inter Iraqi market and compos a real partnership with businessmen in the country.
Head of Iraqi businessmen union of Kurdistan said that agreement of Kurdistan parliament and government of allowing international firms to invest in the region has emboldened private sectors in the region to contact major international firms and encouraged to attract foreign reserve capitals.
He added that the union tries to represent help for each investor who wants to invest in Kurdistan with giving him economical advise to inter businesses that not available and which represent real needs of the region and have economical use.
He referred that the region prefers strategic projects with economical dimension which will serve the region and modern factories can participate in developing the fact of the city.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2622

Originally Posted by Adster

Exactly, forget rumours, not worth shiite.

All the best folks, am signing off, see you soon, bring this baby in kiko, Mike, Susie, CP, clint and others, any updates if Mrs A logs on would be appreciated.


Cheers.


Adster.

Best Wishes for a speedy recovery Adster!

Originally Posted by Inscrutable

Your assuming everyone in America that visits 7-11 for gas loves and cherishes GWB and hates Chavez. Not likely.


On September 27, 2006 7-Eleven announced its 20-year contract with Citgo was coming to an end and would not be renewed. 7-Eleven Spokeswoman Margaret Chabris said "Regardless of politics, we sympathize with many Americans' concern over derogatory comments about our country and its leadership recently made by Venezuela's president. Certainly Chavez's position and statements over the past year or so didn't tempt us to stay with Citgo." Later she said that "People are making it out to be more than it is" [4] [5] Citgo's Chief Executive Felix Rodriquez responded with a correction the following day, accusing 7-Eleven of exploiting the situation to score political points against Chavez, and pointing out that Citgo's decision to terminate the contract with 7-Eleven had been made back in July, for practical and economic reasons: “[The reports are] a manipulation because ever since the month of July have we announced that we did not intend to renew a contract with [7-Eleven], which was 20 years old and that was part of a bad business deal for Venezuela." [6] A statement found on Citgo's homepage [7] states, "The 7-Eleven contract did not fit within CITGO's strategy to balance sales with refinery production after the sale of its interest in a Houston area refinery."

Forgot to mention that 7-11 started looking for replacement bids back in 2004, so there are two sides to this story, and Citgo was trying to minimize effect of deal, but they are indeed going to be the losers here, not 7-11.

Good luck to all, Mike

Originally Posted by railroad

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????

There are banks in the US that will exchange the dinar without it being on the Forex. There are banks exchanging them now as we speak. You can fly to Hawaii. There's a local bank here that's been exchanging IQD for over a year. You just need an account with them is all.

Originally Posted by Adster

Exactly, forget rumours, not worth shiite.

All the best folks, am signing off, see you soon, bring this baby in kiko, Mike, Susie, CP, clint and others, any updates if Mrs A logs on would be appreciated.


Cheers.


Adster.

Ask the surgern if he has had a row with the missus, not had a jump that morning or has any psycilogical disorders before he gets the knife out matey. If you don't like any of the answers, leave!!

Take care and see you soon.

I'll do my best for Mrs A and info but you know the recent score with work.

Originally Posted by DinarLady

There are banks in the US that will exchange the dinar without it being on the Forex. There are banks exchanging them now as we speak. You can fly to Hawaii. There's a local bank here that's been exchanging IQD for over a year. You just need an account with them is all.

What do Iraq now have to do to go on the forex, I thought it would be internationally traded by now....

Originally Posted by shotgunsusie

could you post the article here? apparently ive been ousted from iif due to lack of posting and i cant re-register.

Susie, it has already been put on the forum....

after the posts about the lopping and revaluing to one thousand dinars equal a buck i need to go to the hospital with adster and have the negative ions removed from my person.

what i want to know is why are you taking articles that have been translated already and re-translating them to fit your own opinions? isnt that defeating the translation purpose??? i have read these translated articles non-stop for almost 3 years now and i dont seem to get such interpretations out of them. yes, some articles take being re-read about fifteen times to figure out what they say but it can be done. problem is everyone wants to determine what they 'think' the article states instead of what the articles are actually saying.

fact of the matter is, they are going to raise the rate of the dinar, they arent going to raise it an insignificant amount because they are basing its value on their potential growth. and they know they must reach adequate levels (as warned by gcc) in order to equate with the neighboring countries.

neighboring countries NONE OF WHICH have as large of a growth potential as iraq does. now if those neighboring countries have rates set at $2+ lets say and they dont have the potential that iraq does what would cause iraq to value any lower? if your argument is that it would throw the country into chaos apparently you havent noticed what is happening right now with the current rate and inflation. cant get any more chaotic than it is now.