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

I just received a phone call from someone who told me to go the the cbi website...than go to the exchange rate page. At the very bottom is a "NOTE" that has never been there before apparently. Is this true, has this never been there?? Sorry tried to copy/paste and it failed. The note mentions New York. Is this correct?

Originally Posted by MOM2TWO

I just received a phone call from someone who told me to go the the cbi website...than go to the exchange rate page. At the very bottom is a "NOTE" that has never been there before apparently. Is this true, has this never been there?? Sorry tried to copy/paste and it failed. The note mentions New York. Is this correct?

Note: The prices of the bulletin issued on Sunday will adopted for Monday also due to the weekend in New York .

Originally Posted by MOM2TWO

I just received a phone call from someone who told me to go the the cbi website...than go to the exchange rate page. At the very bottom is a "NOTE" that has never been there before apparently. Is this true, has this never been there?? Sorry tried to copy/paste and it failed. The note mentions New York. Is this correct?

Yes it has always been there

Originally Posted by MOM2TWO

I just received a phone call from someone who told me to go the the cbi website...than go to the exchange rate page. At the very bottom is a "NOTE" that has never been there before apparently. Is this true, has this never been there?? Sorry tried to copy/paste and it failed. The note mentions New York. Is this correct?

It's always there for Monday. Nothing new.....

Originally Posted by Wm.Knowles

A very good statement! In addition we recently heard that they have 500 fields of oil and plan to lease 20 of them. My friends in the energy field tell me once a field like those in iraq have been surveyed (by Japex), based on the survey, there is a professional statement as to how much oil is in the field. That the energy professional relies on these surveys and they are held in such high regard that they can be "taken to the bank". Depending on how large these fields are, then someone knows how much oil is there. And the leases will be sold based on these surveys. Oil in the ground or gold in the vault is referred to as "stored value" in economics. So when we make estimates about how money Iraqi has the oil fields have to be taken into account as to how much wealth a country (iraq) has. Their oil means a lot more to national wealth than just "Oil in the ground" once there is a professional survey completed. And since they reported 500 fields, their weath is in the upper atmoshere. Thanks

Just for comparison, does any know how many oil fields are in Saudi? I tried to Google but couldn't find a number.

Originally Posted by greatstuff

This is not exactly news but I think it helps us understand the situation. There is no link, I received it via email.

A very good read by Mitchell Zais. - Topic Powered by eve community


Good article!

Originally Posted by Wm.Knowles

As I understand what he is saying, they expect to RAISE the exchnage rate and as they do, more people will exchange their dinars for dollars. At what level and how much is expected is an unknown. But, he is saying they intend to continue to improve the value of the dinar. This will become harder for THEM (CBI) to continue to remove dinar as the price elevates. Many will sit on their dinar just like you and I would/will. So, the price will have to continue upward. I don't think small increases of 2 or 3 dinar is going to get much done for very much longer. And if our understanding is accurate, they (CBI) intends to raise the level of the dinar to pre-war levels. i.e. either around .31 or maybe over $3 USD. Should they raise the level to over $3, you'll have to forgive me for not being on the forum for a while. Thank you for your questions and comments.

Where will you be? Watching the shopping channel.

Is it possible that Iraq is adhering to IMF's target rate of 1365 (not sure of the exact mentioned rate) and is actually on course to meet the target by the year end hence the low decrements in dinar value over the last couple of weeks or so?

Originally Posted by postcon

Is it possible that Iraq is adhering to IMF's target rate of 1365 (not sure of the exact mentioned rate) and is actually on course to meet the target by the year end hence the low decrements in dinar value over the last couple of weeks or so?

Some how don't see it. This would give spectulaters way to much time to jump on board, even given the fact thats sales and puchaces have dropped way off at CBI. JMHO

Gloribee

Originally Posted by postcon

Is it possible that Iraq is adhering to IMF's target rate of 1365 (not sure of the exact mentioned rate) and is actually on course to meet the target by the year end hence the low decrements in dinar value over the last couple of weeks or so?

in my opinion yep ........ it is a possiblity


if i am going to consider the dinar getting to 1-1 i have to consider this too