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

Originally Posted by CharmedPiper

Isn't 1.61 the YAZZMAN RATE!!!!!

I was waiting for that.....did the conversion this morning but didn't say anything, figured Piper was happy enough as it was

Mortars Hit U.S. Military Post in Baghdad
AP
BAGHDAD, Iraq (Nov. 26) -- Two mortar rounds hit a U.S. military post in eastern Baghdad on Sunday, setting it on fire, police and witnesses said.

A large cloud of black smoke was seen rising above Baladiyat, a predominantly Shiite area of capital, at about 3 p.m.

Lt. Col. Scott Bleichwehl, a U.S. military spokesman, confirmed that "indirect fire rounds" had landed in the vicinity of the coalition forward operating base, but he refused to describe the results of the attack, saying that would allow "the enemy" to assess its effectiveness.

He said the strike was launched from just outside nearby Sadr City, the Shiite slum where more than 200 people were killed on Thursday in an attack by Sunni Arab insurgents using car bombs and mortars.

Bleichwehl said other indirect fire attacks were launched on Saturday from the same area at the Sunni-Arab neighborhood of Azamiyah in north Baghdad.

No casualties were reported by Bleichwehl or by police Capt. Mohammed Abdul-Ghani, who said Iraqi security forces didn't have access to the U.S. military post. Residents witnessed the Baladiyat attack spoke on condition of anonymity out of concern for their own security.

Originally Posted by JT2154

Hello Gloribee or Someone,

Can you explain to me how to make the translation of Eruo to Dollar amount. If the dinar peg to $1.23 Eruo, what is the dollar equivlent?

Thanks much,
JT2154

JT, you can always use any of the currency conversion sites to translate from one currency to another. Here's one site.

XE.com - The Universal Currency Converter ®

Originally Posted by SoFla

Todays EUR = 1.3098USD
Multipy 1.3098 x 1.23 Proposed value of the Dinar = $1.611054 USD per Dinar

Thanks, Sofla for the break down.

JT2154

Originally Posted by DayDream

Let me be a little more specific. On the fxstreet.com site there is an article called: "Suggestions of a summit meeting in Iran this weekend with Syria and Iraq" Tue, 21 Nov 2006 09:59:44
Now at the bottom is this...

Today’s most interesting chart:
LME spot Platinum Record high as rumours that an exchange-traded fund is to be introduced.
Published on Sun, 26 Nov 2006 22:42:32 GMT

Any clue what this is? And is it related somehow to our investment?
Maybe something...Maybe nothing.

Suggestions of a summit meeting in Iran this weekend with Syria and Iraq

Cheers!
DayDream

its a fund quoted on an exchange. not stating what exchange they are talkin about tho, whether it is london, isx. or what. rather than buying stock lets say through warka you would buy stock in a mutual fund. considering LME is london metal exchange it sounds as if they are talkin about gold maybe? looking into this...

I am tired of this roller coaster ride and Im looking to get off . . .so if anyone wants to purchase my 10 million IQD, I'd happily part with them for say 29 million USD. Any takers please PM

Originally Posted by maxib

Hi JT2154 - Someone here - I think it is 1.23euro=$usd$1.61 aprox.

piper!! theres that number again!!!

Originally Posted by JT2154

Thanks, Sofla for the break down.

JT2154

ok, can you tell me why you asked and where you got that number???

Originally Posted by Wm.Knowles

How can a country adjust to a significant change in its currency in a short period of time? This is an excellent question. We have many examples of evaluation and devalution of a currency in the world in an "overnight" fashion". Its too bad than most of those reevaluations have been to the downward side. Thats what makes this situation the more interesting. In mexico in the mid 80s, the earthquarke resulted in the peso becomming worthless. There are soo many other example. So, based on other countries, and history, it is possible that a country could reduce its debt, increase the production of a valuable commodity, (oil) its government operates within budjet, It has the best responsible money management (CBI), It has an estimated 60 Billion in reconstruction funds, Its agri production is to the extent that it can feed itself, Its central bank has over 12 Billion USD in currency reserves, it has an impressive gold reserve (much of what we do not know about), and it has the support of 27 nations, the World Bank, the Imf, and may enter the WTO soon. So, things are possible. And currency can/does move drastically. Thank you

I have always thought that one of the best, if not the best, aspect(s) of this
speculation is that the New York Times and other left-wing media outlets
could be counted upon to provide free, effective, misleading and false (by omission) coverage of the Iraq war such that we holders of dinar will be permitted to come in under the radar and cash in at a remarkable conversion rate. When the revaluation happens, a huge percentage of those who have actually believed this "reporting" will be left speechless with their mouths wide open. They will be heard to ask "[h]ow could this have happened when we've been told over the last three and ahalf years that things in Iraq have done nothing but deteriorate?"

For example, has the New York Times reported prominently anything about
(1) our basic restoration of Iraq's wetlands; (2) the pacification of fourteen
out of eighteen provinces in Iraq; (3) the completion of approximately 5,000
reconstruction projects; (4) the infusion of over 100 daily newspapers into
Baghdad; (5) real estate appreciation; (6) reduction in unemployment rates;
(7) the increase in Iraqi GDP; (8) the increase in oil production; (9) the provision of approximately 35 million textbooks for Iraqi schools; and (10)
the splendid progress of the Kurds in northern Iraq? No on all counts.

When the killed-in-action figures show that American deaths in Iraq are down by approximatley 30% this month over last, will there be a New York Times article to that effect? Don't hold your breath. But if those figures showed an
increase, then it would be news! There in fact have been many, many months out of the last 38 in which violence has subsided. Did we read about? No, because a reduction in violence has never fit the New York Times paradigm.

Now earlier this month we were told that Iraq is the second most corrupt country in the world. How does this square with Wm. Knowles' characterization of the CBI as being "...the best responsible money..." manager? I think the answer is that William Knowles is absolutely correct and that the laudatory performance of the CBI has basically gone unreported and therefore unnoticed.

If William Knowles has the time to respond, I believe all of us would be very interested in his basis for apparently thinking so well of the CBI.

hang tight you all. the dinar will revalue. so for those who bought --if your discouraged ----DON"T BE. It is a VERY WISE INVESTMENT. pertaing to OZIZOZ's post above.