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

Originally Posted by Elbert Brock

There is also another website called dinartrade.com I haven't used them
yet,but they do have up to date news on Iraq's economy.also the last time
I purchased 1 mil from safedinar.com,it came by fedex a little over 24 hours
later,much to my surprise and chagrin,didn't have the money order in hand
and had to rush over to the post office to get a money order for the
purchase.Has anyone tried them yet????

Yes I have used him and I have sent him probably $500,000.000 million (1/2 a billion) in referrals and never one complaint, overnight delivery ect. I have also sent a lot of business to SafeDinar as well and no problems, but I always recommend DinarTrade. If Ali says your shipment will be sent tomorrow overnight, you can take it to the bank it will be there. And if he accepts your order and it goes to a Reval tonight your order will be shipped regardless, I know of no one else that will do that. His word is his honor.......

Get ready dinar gang,its almost RV time WOOOOOOOOOOOOOOOOOOt!!
Next week will definetily be exciting!This investment has sure had its ups and downs,but more ups than anything! I for one am positive and will hang in here for as long as it takes!
Godbless each and everyone on rolclub!!!
sarah!!!GO DINAR GO!!!!

Here is a recap for those who may have missed the article posted in similar (or the same) to this one in the past by someone else.

Its price has risen from $ 0.000676 to dinars in early November (November) to $ 0.00069 in late.The sense of the number of dinars per dollar dropped from 1480 dinars to 1440 dinars to the dollar during the period.It is noteworthy that the exchange rate in the 1970s was $ 3.20 for one dinar, which is more than the current price four thousand and six hundred times.It seems that the Iraqi government now planning to arrive at the rate of exchange to 1000 dinars / dollars.any by almost a third.They wish to make that gradually,avoiding sudden lifting,and taking a lesson from the sudden catastrophic decline that has occurred among traders, businessmen and money in 1995.coupled with the financial turmoil, commercial and bankruptcy, the collapse of trade and banking.That lifting the current (if) the rate of exchange of 1480 dinars to 1000 dinars to the dollar would have benefited groups of people and the loss of other groups in Iraq.It also comes losers : :ا*-owners of dollar savings.Since paying double the confidence of savers dinars large numbers of them to retain the larger part of their savings in dollars.Among those traders and industrialists.When will need to convert their savings to the dinar will receive dinars.ب*-Contractors in the draft priced in dollars :Those receiving dollars,But the majority of expenses and local purchases are usually dinars,For the wages of their purchases and the amounts of materials of local origin.As is the case for building contractors and construction and purchases of supplies and constructive local (brick,the soil, sand, gravel).When the presentations were Magaulathm sigh costs at the exchange rate prevailing before the rise in the value of the dinar,and now they have to pay at the new rate and the loss of them.When receiving benefits remnants Magaulathm after the handover of work would receive the dollars.C-lenders dollar :They regain their loans valued at less than the value before raising the rate of the dinar.د*-dinar borrowers :as Sisddon dinars debts upon maturity of purchasing power of dollar strength of the largest in the history of lending,Vdinar payment over dinars lending rate by almost one-third.When a significant collapse in 1995,the thousands of traders bankrupt dues and debts of others was a disaster for them.E-employees and the dollar.- Estate lessors and rental allowances dollar while expenses are accounted for dinars.G-tenant buildings dinars,while incomes dollar.Gainers : ا*-owners dinar savings,being able to buy more dollars.ب*-dinar staff and the procedure they would receive the same pay but its purchasing power, the largest and the best rate of exchange.C-PRODUCERS :they sell their products stronger dinar.د*-dollar borrowers and savings dinars :they Sisddon amounts of debts and interest dollars cheaper.E-retirees :the basket will benefit increase purchases the same salary.و*-covered program of the social safety net (the retirees themselves).G-lessors of property leases dinars.H-tenants dollar real estate rents and incomes dinars.This means that the exchange rate of the dinar will benefit some and harm others.It is noteworthy that the continuing escalation terrible happened in prices in the era of the 1980s and 1990s of the last century in Iraq was not due to an increase in the value of money itself,but the fact that such increases without corresponding real balance,or the strength of national economy and national income or gross domestic product supported,was the conduct of the State in the issuance of currency, such as the behavior of a merchant instruments without Levy balance of nominal valueas well as the constraints of external trade and transfer.Otherwise, the amount of money in circulation in the country of Japan is more than the amount of Iraqi currency (from an absolute) in circulation.In the post-Cold War,the balance is not met,But the source of the rise in prices is the high cost and shortage of supply.For example, the average has increased the prices of vegetables and fruits Iraq this year by 100% from the level of 2005,But why is the shortfall in production.The expert says agricultural Jaber Abu Esa (Ministry of Agriculture) that the execution rate in the agricultural plan for 2006 amounted to 17% of the scheme.As prices rose by local poultry products doubled this year from 2005.The reason was suspended poultry industry.It is created by the suspension action against avian influenza and to prevent the importation of these products from many countries.Moreover, the high costs of energy, fuel and transportation costs doubled or more., As well as royalties (blackmail) paid by the importers, producers and carriers to gangs and bandits.including royalties and kidnapping ransoms., As well as bribery and corruption and alliances between businessmen and government officials.in addition to the high wages,The rise in prices and interest loans caused by the Central Bank.Thus increasing the cost of production and inflation rates.Factors which belong to the sunspots, and the supply side and rarity, and not demand.Thus, the argument of «money many looking for a few commodities» does not apply here.The source of inflation current high cost and shortage of supply.This has been achieved today, the country's assets cover the nominal value of money and supported domestic product.But it remains options.The increase quantity (number of units) by a third and increase salaries and wages and expand the network of social protection and improve the miserable to include additional numbers of crushed living at half a dollar per day per person and they are over four million people.Or flying dinar rate of exchange by one third as planned by now.In the first case,benefit staff and the procedure and who are not covered by social welfare from the crushed,At the same time, the consequent loss or damage to a certain category of people.In the second case,stock staff and the action, retirees and others.But at the same time have losses to other categories mentioned above ».According to reliable sources,the second option comes in implementation of the directives of the International Monetary Fund.However, as we stated in the previous article,Foreign minister says former American Henry Kissinger about this Fund «that describes itself bead medicine for all patients».

دار الحيا ة

Originally Posted by fsndirector

Yes I have used him and I have sent him probably $500,000.000 million (1/2 a billion) in referrals and never one complaint, overnight delivery ect. I have also sent a lot of business to SafeDinar as well and no problems, but I always recommend DinarTrade. If Ali says your shipment will be sent tomorrow overnight, you can take it to the bank it will be there. And if he accepts your order and it goes to a Reval tonight your order will be shipped regardless, I know of no one else that will do that. His word is his honor.......

For that verification. Rolclub is supporting them now after what had happen with the other dealer. I to have used safedinar up until Chase bank came into play. I have 20 of them in a 15 mile ratios. But I will order thru them for the fact of RC supporting them. I have a Thread here: http://www.rolclub.com/iraqi-dinar-d...inartrade.html That Ali will post in if needed. Also in my Signature.

Well it is plain to see that most everyone on rolclub is red,bleary,eyed.Instead of seeing spots before our eyes we are seeing little RV"s and green monsters from reading too many post,not enough sleeeeep!!
Oh by the way if there is any of you that haven't visited neno's christmas gift post,it is worth your time to do so. HO! HO!
sarah!!!

I might have missed this being posted already.

Trade Bank of Iraq - Your Trade and Investment Partner in Iraq

Sunday, December 03, 2006 Japan to aid Iraq in setting up a refinery in Nassriya
(MENAFN) According to officials, Japan is ready to invest in Nassriya oilfields and establish a genetic refinery in the city, as well as give Iraq a $3.5 billion loan to develop the Iraqi oil sector, Al-Sabah reported. The Iraqi Ministry of Oil said that with the loan, it will develop al-Basra refinery and to establish a floating oil port. The ministry added that with the Japanese investments, it will provide oil derivatives and increase the volume of crude oil in the province of Nassirya.

Originally Posted by snottynose

Well it is plain to see that most everyone on rolclub is red,bleary,eyed.Instead of seeing spots before our eyes we are seeing little RV"s and green monsters from reading too many post,not enough sleeeeep!!
Oh by the way if there is any of you that haven't visited neno's christmas gift post,it is worth your time to do so. HO! HO!
sarah!!!

IT is not working right Now.

Illigitimi non carborundum...

Originally posted by Great Stuff & responded to by Terry Tate (expecting to be charged for a menu in a restaurant ,,,,,Shhhh......bastards.....!!!

Illigitimi non carborundum...

Concerning the US bank mergers discussed earlier.

Bank of New York to Buy Mellon for $16.5 Billion

By PETER EDMONSTON
Published: December 4, 2006

Bank of New York has agreed to acquire Mellon Financial of Pittsburgh in an all-stock transaction valued at $16.5 billion that will create the world’s largest securities-servicing firm, the two companies announced today.

The combined entity will be called Bank of New York Mellon and have annual revenue of more than $12 billion.

The boards of both banking companies have approved the deal, which is expected to close early in the third quarter of 2007 and will immediately add to earnings, the companies said.

For Bank of New York, the deal will bolster its position as a leader in the securities servicing and processing business, which provides the backbone of the world’s stock and bond markets. Earlier this year, Bank of New York nearly doubled the size of its corporate trust business, which handles record-keeping for debt issues, by agreeing to swap many of its retail branches for J.P. Morgan Chase’s corporate trust unit.

The combined company will have $16.6 trillion in assets under custody and act as corporate trustee for an additional $8 trillion in assets.

“Mellon is going to have the opportunity to accelerate what is are very compelling growth rates for the company,” said Thomas A. Renyi, Bank of New York’s chairman and chief executive, during a presentation for investors and banking industry analysts today. “This is a combination that has extraordinarily similar and very complimentary businesses.”

Wall Street viewed the deal favorably for both banking companies. Bank of New York’s shares climbed $4.27, or 12 percent, to close at $39.75 today on the New York Stock Exchange, while Mellon’s shares gained $2.73, or 6.8 percent, to $42.78.

While the deal ends a longstanding rivalry for both companies, it will bring together institutions whose heritage is tied to two titans of American business history. Mellon was founded more than a century ago by Judge Thomas Mellon, who handed over the business to his son Andrew; the Bank of New York was founded by Alexander Hamilton in 1784.

When the deal is completed, Bank of New York’s shareholders will own 63 percent of the stock in the combined company, with Mellon’s shareholders owning the remainder. Under the terms of the deal, Bank of New York’s shareholders will receive 0.9434 shares of the combined company for each their current shares. Mellon’s shareholders will exchange their stock on a one-for-one basis.

The combined company’s board will have 10 members appointed by Bank of New York and eight members appointed by Mellon. Its headquarters will be in New York.

“Several business divisions” are expected to be based out of Pittsburgh, said Robert Kelly, Mellon’s chairman and chief executive, who become chief executive of the combined company. Mr. Renyi will serve as executive chairman for 18 months after the transaction closes, to be succeeded as chairman by Mr. Kelly.

The companies said today that their merger would allow for annual cost reductions of about $700 million. The companies’ combined work force of about 40,000 will be reduced by about 3,900 over three years, though specific businesses or locations where jobs are to be shed have not yet been determined.

Mr. Kelly joined Mellon in February, after activist investors had pushed the company for change in strategy. In his previous job as chief financial officer at Wachovia, Mr. Kelly led the Charlotte, N.C.-based banking company through a series of large acquisitions. Still, many analysts saw Mr. Kelly’s hiring at Mellon as a sign that the company would not put itself up for sale any time soon. Shortly after his appointment, he told The New York Times that “I am not focused on M.&A.”

Last month, Mr. Kelly gave a presentation to investors and analysts outlining his strategy for improving the company’s margins and expanding its international presence. After the presentation, an analyst at Prudential securities, Michael Mayo, raised his rating on Mellon’s stock to “overweight” from “underweight,” writing in a research note that Mr. Kelly had “outlined a series of steps that should help liven up what we had considered a sleepy organization.”

Mr. Mayo also noted that Mellon’s securities-processing business would fare well if the stock market continued its recent rise. Each 10 percent increase in the stock market would bolster Mellon’s revenue by 1 to 2 percent, he estimated.

Goldman Sachs and the law firm Sullivan & Cromwell advised Bank of New York in the transaction. Mellon was represented by UBS Investment Bank, Lazard and the law firms Simpson Thacher & Bartlett and Reed Smith.

http://www.nytimes.com/2006/12/04/bu...05bankcnd.html