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

Originally Posted by Wm.Knowles

Thank you very much for your post. I have read similar numbers other places, so, this is a good case for total currency in circulation being around 9.6 trillion. If in fact they have removed 1.2 Trillion dinar out of the economy, this represents about 12.5 % decrease in the base money supply. A monumental amount. Since currency (each dollar) in the US circulates between 5 and 9 nines before it is retired, then the amount of dinar removed will have much more of an impact throughout the economy over a period of time. Ultimately, the price of a currency is based on laws of supply and demand. Again, this removal within a short period of time was dramatic, if not in a panic mode to control inflation, and maybe, just maybe to remove excess currency prior to an RV. Next week will exciting. Thank You.

It is a good thing to remember when the old dinar was traded in for the new dinar there was 4.5 tri. in circulation. I think when they pulled old Sadam out of the hole the exchange was .33 dinars to the dollar. This is a reference we might want to keep in mind. Any thoughts on this.

Originally Posted by clueless from the link previously posted

here is some of the content of table 4.

(In billions of Iraqi dinars) 2006 Actual Max.
=======================================
Reserve money ---------------------------- 14,926
Currency outside banks -------------------- 09,621
Currency issued --------------------------- 10,881
less cash in vaults of commercial banks ----- 01,260
Banks reserves ---------------------------- 04,044
Required ---------------------------------- 03,251
Excess ------------------------------------ 00,793

Currency in circulation / reserve money (in percent) 64.5

( my observation is that 9,621 / 14,926 = .6445799 or approx 64.5%
and so I believe that, according to this IMF report (dated August 06),
"currency outside banks" = "currency in circulation" = 9.621 trillion dinar

Originally Posted by boomcreek

So...Susie, is this to say that we are waiting til then for the revalue, or is is possible for things to go into full swing tomorrow? I'm asking, not being critical, I'm just wanting to make sure I understand.

probably setting myself up to be prepared for an attempted auction on sunday and fiddlin around the rest of next week making these lame attempts at showing the world they are working on their inflation.

i see them now publically arguing their point of the revalue BEFORE theyve done it so as not to have the queries when it happens. i suspect there will be more than a few shocked faces and i aint just talkin iif. LMDAO!!!

rest assured this train is indeed pulling into the station and we will soon set foot on the golden platform.

Originally Posted by shotgunsusie

probably setting myself up to be prepared for an attempted auction on sunday and fiddlin around the rest of next week making these lame attempts at showing the world they are working on their inflation.

i see them now publically arguing their point of the revalue BEFORE theyve done it so as not to have the queries when it happens. i suspect there will be more than a few shocked faces and i aint just talkin iif. LMDAO!!!

rest assured this train is indeed pulling into the station and we will soon set foot on the golden platform.

damn your getting good at not being pinned down ...........

Originally Posted by H2O_Lover

damn your getting good at not being pinned down ...........

omfgroflmdao!!!

yes please sus, dance around that one a lil more!

As we have said before IF YOU HAVE DINAR Looks like we are into full swing tomorrow!

Originally Posted by Wm.Knowles

As we have said before, they can not return to a cheap currency level and "undo" the removal that we have seen. It has to be more expensive to do what they want it to do. And if it is not expensive enough, this will only encourage more speculation. They are walking a "tight rope". Thank You

Originally Posted by boomcreek

...Or, if you have already read something, go on to the next one and not get upset for the duplication. IT'S ALL GOOD, IF YOU HAVE DINAR! If you don't, then the only one you should be upset with is YOU.

Originally Posted by boomcreek

Looks like we are still a way off for the investment law to become law.

I had an Arabic translator read the Arabic version of the investment law and the law requires that the GOI form a National Investment Committee which must be approved by Parliament and ratified by the President, no time limit is specified for this action.
I believe the report said it was "ratified" by the President. If what you say is correct, then the committee was already formed. It would have had to be in order for the President to ratify it. Right?

Originally Posted by boomcreek

So...Susie, is this to say that we are waiting til then for the revalue, or is is possible for things to go into full swing tomorrow? I'm asking, not being critical, I'm just wanting to make sure I understand.

Originally Posted by shotgunsusie

probably setting myself up to be prepared for an attempted auction on sunday and fiddlin around the rest of next week making these lame attempts at showing the world they are working on their inflation.

i see them now publically arguing their point of the revalue BEFORE theyve done it so as not to have the queries when it happens. i suspect there will be more than a few shocked faces and i aint just talkin iif. LMDAO!!!

rest assured this train is indeed pulling into the station and we will soon set foot on the golden platform.

Second RV Party, Big Island, Kona District!

Originally Posted by coolhand009

Thanks, So SUNDAY IS THE RV @ 1.47 Hey after the caymans, I want you all to come to my RV LUAU in Hawaii!!!

ALOHA DINAR LOVERS

GoHawaii - Hawaii's Big Island - Family Fun

IMR: Extras: Audio/Video: Hawaiian Roller Coaster Ride

RV

SGS- what do you make of Bigslick116 post in the rumor section ?

Quote:
Originally Posted by Bigslick116
Hello everyone, I just got third hand information that Iraq just opened up the dinar on the world market at .14 cents. This came from a contact in the green zone. I hope to god this is true just like all of you so lets wait and see. I know this sounds flaky but it's all I got right know.


Just got a call back and was told that this has been the central bank of Iraq's plan for a while now but hasn't been the #1 goal on their agenda until after the international compact for Iraq held by Kuwait on the 31st of October. Thats when things really started to come together as we have seen.

First: They would take out as much currency in circulation as possible (which they have)

Second: Iraq would have to pass/ratify/implement FIL & HCL.

Third: Iraq would need to be completely debt free

fourth: Come to some sort of agreement with the Kurds

Since Iraq has completed these steps and has full support from the World Bank, Paris club, IMF, etc. They now are required to follow suit with a revaluation of their currency

Word from the ground right now is that all their paperwork and such is in it's final stages and there is a bit of a buzz around Iraq as well. (hope some one can also confirm) I should have a little more information later in the day so I will pass it on as it comes.
__________________

Just a little info. AlwaysDreaming and I went to our friendly Chase branch this morning to open an account. We already have our mortgage with them so it was no big deal. While we were talking to the manager, (never go lower then the manager) he made the comment that Dec 15th Chase is going to announce the purchase of a large well known bank. He said that it would be the largest bank purchase made. Another Dec 15th coincidence? By the way, Chase's minimum for a private banking account is now 10 million dollars.

WOOT come on reval

Originally Posted by motomachi

As we have said before IF YOU HAVE DINAR Looks like we are into full swing tomorrow!

wow moto, nice one! someone has some time on their hands?