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

Originally Posted by ozizoz

what is the next number bigger than TRILLION???

Gazillion

Originally Posted by ozizoz

OK, so I am bored. I am setting up a spead sheet compiled from the CBI History of Exchanges Page to compile exactly how much Dinar has been "removed" by sellin USD.

From November 1, 2006 the CBI has removed a total of 1,272,151,360,000 dinar . . .thats 1.272 trillion dinar!

Depending on how bored I get, I will start backward from there and see how ridiculous a number I can come up with.

Thats 1.2 trillion in a month where they didnt have auctions for several days . . .what is the next number bigger than TRILLION???

Don't think ya'll get to go much farther back than that. Nor an accurate number since the months of October and August are still missing.
Maybe you could call CBI and tell them your trying to get an accurate amount and ask them for the missing months
And since you'll have them on the phone might as well ask them when they plan on R/Ving the DINAR

quadrillion

Hmmmm... I was just thinking, if the banks decide that they are no longer willing to sell dinar without a revalue then this may force the dinar onto the international market for purchases abroad and the market starts the drive.

Originally Posted by ozizoz

OK, so I am bored. I am setting up a spead sheet compiled from the CBI History of Exchanges Page to compile exactly how much Dinar has been "removed" by sellin USD.

From November 1, 2006 the CBI has removed a total of 1,272,151,360,000 dinar . . .thats 1.272 trillion dinar!

Depending on how bored I get, I will start backward from there and see how ridiculous a number I can come up with.

Thats 1.2 trillion in a month where they didnt have auctions for several days . . .what is the next number bigger than TRILLION???

A Trillion and one

Sorry Oz, just could not resist.

Gloribee

Originally Posted by shotgunsusie

thats not what i read at all. they are talking about introducing new denominations and justifying why they are needed. if 1,000 dinar was the same as a dollar they wouldnt need smaller denominations, the ones they have now would work. what they are saying is there will need to be new denominations in order to set the rate of the dinar where they want it, par with the dollar. par not necessarily meaning 'exactly equal to', but 'used in the same way as'.

Oh, good gravy! How many bottles of patience pills have you had??? Saints bless ya! This is my first post (pop!) - and I just can't take it any more!

Warrior44: put down the barbed tongue and slowly back away! For the following example, I'm asking you to suspend your system of disbeliefs:

ok: a man goes into a CITGO 7-11 with wads of dinar in pockets and 4 quarters USD. His purchases total an equivalent of $2 US. The clerk is willing to accept a mixture of currencies, so the man plunks down the 4 quarters.

Question: how much dinar (given the formula 1000 dinar = $1 USD) does he have to give the clerk to walk out that door with his purchase?

Answer: 1000 dinar.

Mathmatical proof: 4 quarters = $1 USD
1000 dinar = $1 USD
total = $2 USD

Reality check: the schmuck leaves the goods on the counter and RUNS to a buddy to borrow one dollar US and returns to make his purchase.

Moral: get a wealth manager and have him/her guide you before you cash in ANY dinar after the reval!

Originally Posted by Big Beaut

Oh, good gravy! How many bottles of patience pills have you had??? Saints bless ya! This is my first post (pop!) - and I just can't take it any more!

Warrior44: put down the barbed tongue and slowly back away! For the following example, I'm asking you to suspend your system of disbeliefs:

ok: a man goes into a CITGO 7-11 with wads of dinar in pockets and 4 quarters USD. His purchases total an equivalent of $2 US. The clerk is willing to accept a mixture of currencies, so the man plunks down the 4 quarters.

Question: how much dinar (given the formula 1000 dinar = $1 USD) does he have to give the clerk to walk out that door with his purchase?

Answer: 1000 dinar.

Mathmatical proof: 4 quarters = $1 USD
1000 dinar = $1 USD
total = $2 USD

Reality check: the schmuck leaves the goods on the counter and RUNS to a buddy to borrow one dollar US and returns to make his purchase.

Moral: get a wealth manager and have him/her guide you before you cash in ANY dinar after the reval!

None? Trick question right? Citgo is no longer the gas of 7-11 Do I win?

the boredom continues . . .if you take the 1,272,151,360,000 from November and add the 1,750,208,280,000 from Septeber you get 3,022,359,640,000

Two months equal 3 trillion . . .and thats only two months out of the last three years . . .not including October which was a high volume month. . . really makes me wonder exactly how much USD from oil sales they are raking in because this cant be soley buying back dinar. If 3 trillion USD went poof from the US economy the price of the dollar would see alot more action than it has the last several months.

So my thinking is a good chunk of this is revenue from oil sales moving around and our gas prices have definitely dropped from "excess surplus" the last several months.

Originally Posted by CharmedPiper

Is there anything new in this article as it is dated 11/22/06.....

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The Central Bank announced a rise in the rate of inflation and to adopt a tight monetary policy in the interest rates for treatment

The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations
Press Release Press release /
Wednesday, 11-22-2006

The Central Bank of Iraq issued a statement on the levels of inflation in the month of October 2006, explained the reasons for the rise in inflation reasons, He stressed the adoption of hardline politicians in interest rates to push the commercial banks to make fundamental adjustments in various bank interest rates, The following is the text of the statement :

Added index of consumer prices in Iraq in the month of October 2006 for the increase in the inflation rate of about 2 t 7% compared with September of the year 2006. As shown that increase diverse rises in the prices of commodities and services of all impacted in one way or another at the level of annual inflation which witnessed a remarkable increase of about 9% to 52 t indicators according to the last month of October compared to September last of the 6-t 51%.

In spite of the slight decline in the annual rate of inflation in the month of October 2006 (an index of consumer prices exception of the two fuel and lighting, transport and communication), which recorded almost 32% after it witnessed a rise of 1 t 33% in the month of September this year. However, the Iraqi Central Bank still believes in the level of cash as well as bank Teshrh high real interest rates low of undesirable effects on economic activity (ie, nominal interest rate minus the inflation rate) as sources influential contribute to the high level of inflation caused by the overall demand P j economy. Therefore, the senior Iraqi Central Bank this month to raise its interest rate (interest rate monetary policy) by four percentage points to 16%, and this increase is adopted at the same time, amendments to the proportionate interest rates night and interest rates on credit first.

The Iraqi Central Bank to adopt a tight monetary policy, particularly in the area of interest rates would push the commercial banks to make fundamental adjustments in the interest rates of bank had different including interest on savings deposits. The other adjustments to interest rates, the Central Bank of Iraq may depend in the future unless inflation shows a decrease in the indices.
The Council of Ministers

***SNIFF! SNIFF! SNIFF!*** I smell CASH! Keep our troops safe and remember them and the Iraqi people when you're wealthy!

Originally Posted by CharmedPiper

Best wishes for a speedy recovery Adster....and a little advice my mother always tells me before I go under the knife....whatever you do......DON'T GO NEAR THE LIGHT!!!!! My wish for you is that you are wealthier when you come out of anesthesia than you were when you went under....!!!

Actually Adster...go to the light...just close enough to ask the big Guy when this damn thing is going to R/V...then come back and report to us.

Thanks