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

Lawmakers whom are Al Sadr followers out of Iraqi government. Just announced on CNN

Originally Posted by Caddieman

I got a question. Now the CBI is going to be putting dinar back in circulation by buying back the US dollar. I thought we decided they were taking dinar out of circulation the past month. I don't get it?

A good question. Today the net effect was to place about $700,000 USD back into the economy. From now on as we watch this process take place, lets keep in mind that they removed 1.2Trillion. At this level, it would be a very long time before they put back in 1.2Trillion. The 1.2 Trillion removal was truely a remarkable monetary intervention. So lets track the auctions and I think you'll see that the NET effect of the removal will still be a remarkable amount even if they do begin to place small amounts of currency back into the economy. By the way, they may have exceeded their target amount and did tooo good of a job. We simply don't know. Thank You

Speaking of currency, is there any evidence of really small denominations such as single dinars and change. One would have to conclude they would need a tremendous amount of small denominations to accommodate this reval. If no one has minted this small currency then how can this possibly happen?

Originally Posted by Precocious

Speaking of currency, is there any evidence of really small denominations such as single dinars and change. One would have to conclude they would need a tremendous amount of small denominations to accommodate this reval. If no one has minted this small currency then how can this possibly happen?

This subject has been spoken to in hundreds of posts. Go to history section, there is much info about the smaller denoms. Thank you

LawkSalih.Com - Kurdistan Region's Central Bank director remarks on state of the dinar

Originally Posted by Socata 850

CharmedPiper postd the info about the CBI being in a position to buy back dollars. Why would the CBI say that? It would be silly of them to go through this whole process of collecting as many dinars out of the economy as possible, just to turn around and sell them back to the banks. Now that the CBI has all these dinars, the next step is to collect dollars because it's dollars they are going to need when all of "us" start to exchange our currency. There has to be a reserve of foreign curency somewhere for the CBI to absorb all the dinars that will be coming back into the country. Now, they can't start to collect dollars at the same rate that they bought dinars because that would be a zero sum gain for them. It seems to me the only way they can turn this formula into their favor is to control the exchange rate. As others have said, 2 or 3 dinars at a time is not going to do it once they embark on the dollar collection phase of this plan. They are in the drivers seat and all logic would point to a higher exchange rate for the dinar for them to be able to come out on top. As long as the CBI keeps making statemens like they did today, at least we can get an inkling of what their strategy is. We sure are in an interesting time !!

Look at the site above, at the top, Kurds are leading the way!

If they can just keep the ring in the "bull's-nose" or keep their feathers dry!

Its a tickle job!

Originally Posted by Inscrutable

Lawmakers whom are Al Sadr followers out of Iraqi government. Just announced on CNN

Excellent, he should have been 'taken out' when they had the chance.

Check out this article just posted on the news wire.....I bolded a section. Looks like those involved with implementing, ratifying, super-sizing, whatever other word they want to use is going to be in Jordan at the meeting. THEY CAN SIGN OR IMPLEMENT WHATEVER THEY WANT FROM JORDAN IF KEY PARLIAMENT AND HIGH-LEVEL OFFICIALS HAVE ACCOMPANIED MALIKI....

Maliki : we will discuss with Bush recognizes the security file and support

(Voice of Iraq) - 11-29-2006
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Maliki : we will discuss with Bush recognizes the security file and support of the United States

Amman - (Voices of Iraq)
He said Iraqi Prime Minister Nuri al-Maliki after his arrival the Jordanian capital of Amman after noon today, Wednesday, that he would discuss with the American President George W. Bush received the security file in Iraq and the United States support for the Iraqi government.

Al-Maliki said in a statement to reporters after arriving in Amman International Marka Airport "will discuss with the American President George W. Bush issues relating to the receipt of the security file first, The United States support for the Iraqi government in second. "

He added Al-Maliki told reporters : "I have no doubt that you know the existence of relations and common interests between the Iraqi government and multinational forces, especially the United States of America, This is a positive indication to find solutions useful. "

The Al-Maliki arrived earlier today for Amman, where he was received by the Jordanian Prime Minister, known Bakhit and Iraq's Ambassador in Amman in addition to diplomats Jordanian high level.

Al-Maliki accompanied during the visit includes accidental high-level National Security Advisor Dr. Muwaffaq Rubaie, Hoshyar Zebari, the Foreign Minister, in addition to a number of ministers and members of parliament.
It is scheduled to hit the American President to Amman later today.
RB-h m

ADSTER, Is that the flag of Portugal? Have you mentally changed your residency already? LOL

The political blocs held a meeting with al-Maliki on meeting

(Voice of Iraq) - 11-29-2006
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The political blocs held a meeting with al-Maliki on his meeting with Bush
The political blocs held a meeting yesterday with Prime Minister Nuri al-Maliki, which explored ways to get out of the current crisis.

The MP said the Iraqi List, Hamid Majid Moussa, that "the political blocs addressed during the meeting with the Prime Minister meeting with the American President George Bush and the possible consequences of this meeting."

Moussa added, "that the meeting had given new impetus to activate the initiative of national reconciliation which has been some reluctance in practice recently."
(2:52 pm Baghdad time
Radiodjlh

WOW, All this great news this morning...I'm starting to get goosebumps and tingling all over...I LIKE IT!!!!

Thanks everyone for all your great research and information to help it make sense!!