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

Originally Posted by danny51

You are obviously confused...the NET result of the CBI auctions is a removal of dinars from circulation...

Proof? wheres the dinar in circulation number? Can you prove its gone down?
You can't prove it either way, so theres no use in arguing.

economic talks between the Chamber of Commerce and Industry and the American Iraqi Chamber of Commerce, Jordan
Baghdad : Al-Sabah Al-Jadeed

Research manager of the branch of the Chamber of Commerce and Industry in Amman, the Iraqi American engineer Faris reformer with the President of Jordan Chamber of Commerce Haider Murad means of boosting economic cooperation and trade between the two countries, including reflects on the members of the chambers of companies and trade and economic institutions, especially now that the volume of a the trade between the two countries during the past year until the end of the second about 365 million dinars, of which 348 million Jordanian exports to Iraq.

Head reformer necessity of strengthening cooperation for the benefit of the two countries.

Acharalmsaleh and to the willingness of the chamber to provide information about Iraqi and foreign companies to contribute to the reconstruction and the organization of Jordanian companies to enter into partnerships with these bodies to benefit from their experience and contribute to the reconstruction efforts.

He said he will be allocated a special wing of the Chamber of Commerce of Jordan in the reconstruction of Iraq Exhibition to be held during next September in Erbil.

He stressed that the opening of the Chamber's branch in Amman in Jordan played strongly in support of the commercial and industrial sector Iraqi government and the private sector and economic openness, which was attended by Jordan as a result of agreements signed by the economic legislation and facilities provided by the companies and businessmen from various countries around the world.

For his part, Murad, the need to remove trade barriers to investors and Iraqi businessmen to increase bilateral trade and investment to facilitate the flow of goods between the two countries.
And the chamber was ready to provide and exchange Almelaoumat necessary for the companies and their relations with Iraqi market in order to open the way for Iraqi companies to enter into partnerships with these institutions.

He called on companies and institutions Members of the Iraqi Chamber of Commerce and Industry Iraqi American to take advantage of the free trade agreement Jordan signed with the United States, which allows the export of American markets.
It should be pointed out that Jordan Chamber of Commerce, including 70 thousand members and 15 chambers of commerce all over Jordan.

ÌÑíÏÉ ÇáÕÈÇÍ ÇáÌÏíÏ - ãÈÇÍËÇÊ ÇÞÊÕÇÏíÉ Èíä ÛÑÝÉ ÇáÊÌÇÑÉ æÇáÕäÇÚÉ ÇáÚÑÇÞíÉ ÇáÇãíÑßíÉ æÛÑÝÉ ÊÌÇÑÉ ÇáÇÑÏä

Originally Posted by FlagcityAutoD

I am on the same page with you. I also want for it to happen and I beleve it will. We just need to wait it out There are way to maney ppl that wants it to happen right now. I am one of them However I also know that we need to wait because it will happen when it happens.

so youre saying that since too many people want it right now its not going to happen? now theres a new slant on it. believe it or not this is the news thread, we are posting, discussing, celebrating the good news thats coming out in every conceivable direction from iraq. of course, we must be bogged down by comments from people who cant be positive and have to comment on how everyone is celebrating too much for it to happen now.

guess what?? IM POSITIVE AND IM CELEBRATING BECAUSE IN OVER 2 YEARS I HAVE READ THE ARTICLES FROM IRAQ NEVER HAVE I HAD THE ABUNDANCE OF GOOD NEWS ABOUT THIS INVESTMENT AS IS HAPPENING AT THIS VERY MOMENT AND THAT MAKES ME WANT TO JUMP UP AND DOWN AND SCREAM TO THE WORLD IN HAPPINESS!!!!!

so if that concept is too much for you as i have said before 'tough teets'. now, join the list of the non-believers which bog me down.

Originally Posted by shotgunsusie

so youre saying that since too many people want it right now its not going to happen? now theres a new slant on it. believe it or not this is the news thread, we are posting, discussing, celebrating the good news thats coming out in every conceivable direction from iraq. of course, we must be bogged down by comments from people who cant be positive and have to comment on how everyone is celebrating too much for it to happen now.

guess what?? IM POSITIVE AND IM CELEBRATING BECAUSE IN OVER 2 YEARS I HAVE READ THE ARTICLES FROM IRAQ NEVER HAVE I HAD THE ABUNDANCE OF GOOD NEWS ABOUT THIS INVESTMENT AS IS HAPPENING AT THIS VERY MOMENT AND THAT MAKES ME WANT TO JUMP UP AND DOWN AND SCREAM TO THE WORLD IN HAPPINESS!!!!!

so if that concept is too much for you as i have said before 'tough teets'. now, join the list of the non-believers which bog me down.

You go Girl!!

The dialog among Elfwizard and others got me thinking. We have finally witnessed articles/statements saying that the Iraqi officials plan on revaluing their currency. Which is true, because it has actually been revalued (not nearly the change I am looking for, but better. ) So, Elfwizard says that it is going to be a slow and steady rise, and so far that is exactly what it is doing.

HOWEVER Am I completely off base by thinking that this country is wealthy by resources that the entire earth requires i.e. oil. It is my understanding that they are not able to trade or do business with other countries, until their currency is on the forex? (this is an actual question, please answer.) With thier currency currently being worth next to nothing, it would be hazardous to put it on the forex as is. Has their ever been a country that has just changed the value of the currency?? Or does it go back to the slow and steady rise that is happening right now?

Thanks in advance for any responses!
btw, my name is Melissa too many people calling me "mom" makes me feel like I should be off baking cupcakes, and less obsessed with cbi auctions

Originally Posted by Elfwizard

Proof? wheres the dinar in circulation number? Can you prove its gone down?
You can't prove it either way, so theres no use in arguing.

Calm yourself...do the math...be enlightened...

Originally Posted by Socata 850

I'm afraid you really don't have a grasp of what is going on, do you. Do the math, follow the CBI auctions, read the CBI's own statements about reducing the amount of dinar in circulation. We are not making this stuff up. It's by their own design that this is happening.

dont try to have a battle of wits with an unarmed person.

Originally Posted by danny51

I agree with you and OSW and others that the USD is on its way down the tube. When the next 9/11 event hits the USA (notice I said when and not if) it will most likely be a nuclear explosion from a field tactical briefcase sized nuke and the US economy will crumble as a result. Best to keep those dinars and exchange them into Euros when the time comes.

Exactly Right. And the target will be a major US shipping port. My speculation is that it will be Los Angeles/Long Beach. It is only a matter of time.

Originally Posted by worf

Does anyone have any idea why Shabibi seems so set against revaling? If it is in their best interest as a nation, why is he dragging his feet so much? Iraqis starving, bombs going off in the market place, death squads roaming the streets, electricity running 4 - 6 hours a day and here is ole Shabibi, by flash light in a cold sweat muttering "I gotta raise it another 2 points, da***t!!!" What could possibly be going on in his mind making him so stubburn? Your people are dying, the economy is dying, you've got the magic bullet, so place it in the gun and fire the blasted thing will ya??? Shhhesssshhhhh! Even ole Ebanezor Screwdge could take some lessons from this guy!!!

worf

because they are milking every last drop of debt relief out of the world as they can get. that will end on the 11th 12th when that meeting is history. expect great things by the 13th.

Originally Posted by MOM2TWO

The dialog among Elfwizard and others got me thinking. We have finally witnessed articles/statements saying that the Iraqi officials plan on revaluing their currency. Which is true, because it has actually been revalued (not nearly the change I am looking for, but better. ) So, Elfwizard says that it is going to be a slow and steady rise, and so far that is exactly what it is doing.

HOWEVER Am I completely off base by thinking that this country is wealthy by resources that the entire earth requires i.e. oil. It is my understanding that they are not able to trade or do business with other countries, until their currency is on the forex? (this is an actual question, please answer.) With thier currency currently being worth next to nothing, it would be hazardous to put it on the forex as is. Has their ever been a country that has just changed the value of the currency?? Or does it go back to the slow and steady rise that is happening right now?

Thanks in advance for any responses!
btw, my name is Melissa too many people calling me "mom" makes me feel like I should be off baking cupcakes, and less obsessed with cbi auctions

They can do business with other countries. They do it every day, but they don't pay them in Dinars. It's with dollars that all foreign goods and services are paid for. The issue is "when" can they pay for them in Dinars. When the dinar is recognized as a legitimate currency for Iraq and it can be converted on the world market. Once they revalue the Dinar and it is traded internationally, then the value of Iraq's natural resources will come into play big time.