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

Originally Posted by JT2154

Susie:
I didn't know how the calculation would be done if it is pegged to the Eruo. The number ($1.23 Eruo) came from Gloribee in the R/V excitement thread.

Best Regards,
JT2154

oh damn! i musta missed that post!! whaddup gloribee???? maybe get those folks excited who dont frequent the rumor board and give us a lil hint right here!!

sorry neno, we will pay extra

Originally Posted by shotgunsusie

oh damn! i musta missed that post!! whaddup gloribee???? maybe get those folks excited who dont frequent the rumor board and give us a lil hint right here!!

sorry neno, we will pay extra

I think everybody is excited because somebody converted the 1.23 Euro that Gloribee heard to USD and it came out as $1.61 which of course is the talked about Yazzman rate....

Originally Posted by "GK"

So who's warka's proxy? How many proxies are dealing with Warka? Who owns these proxy companies? What legal recourse do you have if those proxy companies close shop and disappear without a trace? Did you figure these out? You can't hold Warka liable since they're just a conduit, you're really sending your hard earned cash to the proxy companies and using warka as a bank and transfer point. Warka is just executing your written instructions. Did you even check the fundamentals of the companies you're investing in? Did you do your research on reverse stock splits?

It's a gamble. I only have a few thousand USD that was exchanged for dinars and invested in the ISX by Warka Bank in a Proxy program owned by Warka.

If there is no revalue or warka disappears,then I lost.

If the ISX takes off and my ISX investment grows to a larger amount and then a large revalue happens, I will be very happy.

If they say "We can only give you your money in person, please come to Warka in Baghdad" I will be really upset.

I will have to make due with the few million dinars I have in hand. Maybe in the future iraq will be less violent and after a R/V I can afford to hire security to escort me to a Warka Branch to collect.

I and others are putting alot of trust in Warka (the gamble), and up to this point Warka has not done anything to me to betray my trust. I'm invested in Bank stocks and Pepsi and investigated them the best I could,but really not alot of info out there I could find.(gambling again).

I'm not a seasoned investor and some may think that a Warka account and the ISX proxy program are not wise investments, but what if it does work out? And my ISX stocks are multiplied by 2x,3x,5x !

Some people think buying Dinar hoping for a revalue is not a wise investment, but I know alot that think it's a good bet.

Sorry If I wasn't able to answer all your questions as they are all very important issues.

well alsabaah didn't update. As far back as I can remember it always updated between 11:00-11:30 PM Pacific time. Is this what you guys have noticed also, or have they started updating later lately?

Originally Posted by goldraker

Theft and extortion of banks unchecked
1.15 million Dollars Robbed from Rafidain Bank
24/11/2006
Source: Translated by IRAQdirectory.com

The banker, Fouad Al-Hasani, President of the Iraqi Banks Association and the Executive Director of the Iraqi Credit Bank whom the Kuwaiti National Bank owns 85% of its shares, described the condition of the sector in Iraq as very difficult, and the performance of banks has become absolutely exceptional, which requires exceptional protection in light of the daily fears of workers being exposed to risks in the absence of effective precautionary measures to be provided by the authorities concerned.

Al-Hasani talked about the continuous robberies, extortion and kidnapping against Iraqi banks without any practical deterrent to stop those committing them, and most of them are members of gangs that have become a daily threat to the security of the citizen, the State and its institutions. He referred in this connection to the unknown armed robbery last Friday at a branch of the governmental Rafidain Bank in Bratha at Utteiffia north of Baghdad, killing three members of the Iraqi police and one of the members of the protection of installations; then they broke into the bank and stole 650 billion Iraqi dinars ($ 1.15 million) after they broke the safe using oxygen gas, as the investigations revealed.

Al-Hasani explained that the Iraqi Banks Association has a full visual of the necessary procedures needed to protect the sector "we look for more effective actions taken by the security institutions to protect the sector. The Association has prepared a report in this regard and its content was discuss with several bodies especially institutions relevant to the sector; on top of which: the Ministry of Finance and the Central Iraqi Bank, where duty requires assume full responsibility in the protection of government and private banks alike and to serve the goal of protecting public and private funds ". He added that several banks had "been subjected to acts of armed robbery and theft of funds and assets during the first days of the recent war on Iraq. The lawlessness increased after the recurrence of such incidents despite the imposition of strict security escorts on banks ", but Al-Hasani pointed to the need to adopt unconventional measures to protect the sector commensurate with the nature of the worsening security situation in the country.

This can't be right! Well I certainly hope not. They are stating here that they stole 650 billion dinars? Or = to 1.15 USD? Well those numbers do not match. However if they did in fact take 650 billion dinars that could be a BIG problem!

only for the people who end up buying those stolen dinar if they sell them. trust me, they have the serial numbers on record for any cash that is in a bank, when those serial numbers turn up they will have their dinar back.

[QUOTE="GK";140722]So who's warka's proxy? How many proxies are dealing with Warka? Who owns these proxy companies? What legal recourse do you have if those proxy companies close shop and disappear without a trace? [B]Do you have anything besides e-mails to prove ownership of stocks?[/B] Do you receive any official confirmation/statement of accounts aside from e-mails from these proxy companies? Did you figure these out? You can't hold Warka liable since they're just a conduit, you're really sending your hard earned cash to the proxy companies and using warka as a bank and transfer point. Warka is just executing your written instructions. [B]Did you even check the fundamentals of the companies you're investing in? Did you do your research on reverse stock splits?[/B] Be careful who you're dealing with in these forums. Don't be so trusting, do your own research.[/QUOTE]
[B][SIZE="3"]
stock statements in legal form from warka, yes. yes and yes.[/SIZE][/B]

Originally Posted by Adster

Shagged out, will have a read tomorrow.

Looking good folks. More and more positive articles daily now about increasing the value etc. We're closer than ever.

DT's idea on the other forum has flaws. It will need a reprint if his scenario happens and we know from the info lately that they have no intention for now to lop/reprint.

Forget it.

Anyone seen this? xe.com just dropped to 1436.95 from 1443.80.

Originally Posted by Adster

DT's idea on the other forum has flaws. It will need a reprint if his scenario happens and we know from the info lately that they have no intention for now to lop/reprint.

Forget it.

Anyone seen this? xe.com just dropped to 1436.95 from 1443.80.

all the currency exchange sites are going up in anticipation of further rises from the cbi it seems.

Originally Posted by DayDream

Sun Nov 26, 2006 5:19 PM

By Mussab Al-Khairalla

BAGHDAD (Reuters) - Angry fellow Shi'ites (His OWN are stoning him! Thats bad....real bad!) stoned Iraqi Prime Minister Nuri al-Maliki's motorcade in a Shi'ite stronghold of Baghdad on Sunday in a display of fury over a devastating car bomb that tore through their area.
Maliki was visiting the Sadr City slum to pay respects to some of the 202 victims of last week's devastating bombing.
"It's all your fault!" one man shouted as, in unprecedented scenes, a hostile crowd began to surge around the premier and then jeered as his armoured convoy edged through the throng away from a mourning ceremony.
The area is a base for the Mehdi Army militia led by Maliki's fellow Shi'ite leader Moqtada al-Sadr.
Though the violence was limited, it was a dramatic demonstration of the popular passions Maliki and his national unity government are trying to calm following Thursday's multiple car bombs in Sadr City -- the worst since the U.S. invasion -- and later revenge attacks.
On Sunday, a car bomb killed at least 6 people and wounded more than 20 in a market just south of Baghdad, police said.
On the third full day of a curfew on the capital, mortar bombs crashed down in various parts of Baghdad and residents reported isolated and mostly unexplained clashes.
The government has said traffic can circulate again from Monday morning but, after a series of high-level meetings, it again appealed for calm.
APPEAL FOR UNITY
"We are counting on you, a great nation," Shi'ite, Sunni and ethnic Kurdish leaders said in a joint statement. "Do not let those who are depriving you of security impinge on your unity.
"They want to drag you all into angry reactions.
"Those whose forefathers have lived together for thousands of years on this land as brothers ... come today so we can write our history, our present and the future, for our children and grandchildren, in forgiveness," the statement continued.
Maliki accused factions in the government itself of fuelling conflict. Three days before he meets President George W. Bush to talk about how to impose stability and start pulling out U.S. troops, he said the violence reflected a "political crisis".
Frustrated by deadlock in the national unity government over the past six months and harsher rhetoric between minority Sunnis and his fellow Shi'ite leaders, he said: "The ones who can stop a further deterioration and the bloodshed are the politicians."
But he added this could happen "only when they agree and all realise that there are no winners and losers in this battle."
"Let's be totally honest -- the security situation is a reflection of political disagreement," he said on television.
Iraqis -- and Maliki's sponsors in Washington -- are frustrated at his failure to improve either security or the economy since being appointed in April as a compromise candidate following months of wrangling within the dominant Shi'ite bloc.
Maliki's aides say he in turn is irritated by uncompromising language, and support for armed groups, among Sunni leaders and Shi'ite allies, like Sadr, on whom he depends for his position.
The U.S. and Iraqi governments have indicated the summit in Jordan will go ahead, despite a demand from Sadr, who wants an immediate U.S. withdrawal, that Maliki boycott the talks.

http://za.today.reuters.com/news/new...archived=False

Cheers!
DayDream

I see Maliki being replaced. He's too close to Sadr. Get Allawi back in asap.

Iranian Minister of Energy says that his visit to Iraq was successful
He said Iranian Energy Minister Parviz Fattah that "the results of his talks with Iraqi officials in Baghdad contributed to the signing of important agreements between the two countries." Fattah added in a statement that "his visit last week to Iraq were comprehensive and good. and he met all Iraqi officials including the President and the Prime Minister to discuss bilateral cooperation. " He pointed out that "the agreements included the establishment of lines to supply Iraq with electricity and the rehabilitation of old plants and affected and the establishment of new stations to generate electricity."

(9:08 Baghdad time)

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