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

Does anyone have any thoughts on roughly how long after the peg that the banks etc will be ready to exchange the dinar - weeks, months??

Foxella,

I answer to your question... I would say days!

Regards
Neil

what might happen to the neocons/oil pigs and dollar if the dinars peg?

Originally Posted by njd2004

Foxella,

I answer to your question... I would say days!

Regards
Neil

If that is the case then I can start writing my letter of resignation now LOL!!

Originally Posted by aeara

what might happen to the neocons/oil pigs and dollar if the dinars peg?

The same thing that will happen to the snooty euro-libs/oil-for-food-scammers and euro...Nothing happens to the currency and some people get rich...

Originally Posted by everwiser

The same thing that will happen to the snooty euro-libs/oil-for-food-scammers and euro...Nothing happens to the currency and some people get rich...

Yup...them SNOTTY libs ain't budging whatever happens but we'll make things OUR WAY someday... and that takes determination and will... like the way its now encroaching the Iraqis...they are getting to enjoy ...to live like the West, you don't necessarilly need to be a non Muslim... thats the Al Qaeda dilemma.... sad case for theim !

Good times are showing and your Dinars will prove your patience in holding them...hmmm, I'm already suffering from "grublag" 2B honest...

has anyone got any information on what happened with the meet on sunday over in iraq. will the peg be tomarrow or what. im so excitied im going to have to call in sick for work if this happens just to get ready to hand im my money lol hope to hear from you guys

Jun 18, 2006, 13:40 GMT

Baghdad - Iraq's Oil Ministry announced Sunday an increase in gas and fuel prices for the second time in six months in line with Iraq's commitment to the International Monetary Fund (IMF).

Iraq has reaced a deal with the IMF whereby the latter will write off Iraq's debts in return for certain conditions, including increased fuel prices.

Moatassem Akram, deputy oil minister told al-Mashreq newspaper on Sunday that the increase in the prices of oil products would take effect from Monday.

The price of gas and gasoline will increase one dinar per litre, while oil will increase from 25 dinars to 100 dinars.

'The plan to increase the prices of oil products is one of the conditions of the IMF. This increase won't be the last but there will be more increases,' Akram said.

The Iraqi government began fuel price increases in January. But the move has aroused the anger of the Iraqi people.

The government said that the profit from the price hikes would be distributed through a network of social benefits to the poor, displaced and handicapped segments of the society.

Iraqi cities are now witnessing a shortage of gas with thousands of vehicles queuing up daily in front of gas stations.


http://news.monstersandcritics.com/...n_fuel_price s




The Iraqi people must feel like they are squeezed from both sides, the government and the insurgents.

Must be awfully hard to make a living over there. Surely, there must be an RV in the wings so these people can end their suffering and LONG LINES!

It is so important for the new government to manifest "real" short-term benefits to the Iraqi people. Long-term is not gonna cut it. Iraqis have been waiting over 3 long years since the fall of SAddam. It's imperative that the Iraqi people get some immediate "tangible" results NOW.

Bush stressed this in his latest speech. How could they pile on new fuel prices and expect the people to feel good about their government, UNLESS something else is in the works.

http://www.kurdmedia.com/news.asp?id=12659

Finance & Banking


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Today: 18 Jun 2006


Iraq joins Arab Bourse Union

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17 June 2006 (Baghdad: Al Sabah newspaper)

The Executive Director of the Iraq Stock Exchange, Taha Ahmad Abdul Salam, announced that Iraq has joined the Arab Bourse Union.

Kuwaiti News Agency (KONA) quoted Abdul Salam as saying that the Iraq Stock Exchange had received a message from the Arab Bourse Union announcing the approval of Iraq’s membership.

The announcement led to increased share activity and the market reached 400 million shares.



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