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

Originally Posted by jsfletcher

And it can only be the curreny of choice if it is stronger than what they are using.

does anyone remember me saying months ago, the only way to get them to quit using the USD is to make the dinar worth more than the dollar so they forgot how to spell USD???

Originally Posted by Socata 850

The dollar is in trouble and I believe we will see a further decline in it's value against other world currencies. China has announced that it is selling off just a mere 1 trillion dollars of its foreign currency holdings and the US cannot get out of its "spend more than you make" mindset. If China and some of the other emerging financial powerhouses decide just one time that they are not going to purchase US T-Bills, you will see a panic like we haven't seen since the great depression. Warren Buffet is betting heavily on the decline of the dollar. To the tune of 16 billion dollars of his own money. We are in for a rocky time, IMO, and it's coming within the next 24 to 36 months. If there is another 9/11 event, it will upon us so fast we won't know what hit us.

Prior to the year 2000, in fear of the Y2K fiasco, the government printed billions of dollars to keep the economy afloat. After 9/11, the govt printed billions of dollars to keep the economy afloat. After we invaded Afghanistan and Iraq, once again the US Govt printed billions of dollars again to keep the econmy afloat. At the same time, China entered the WTO and became the biggest creditor in the world and; the US became the biggest debtor. In a few years, the $74 Trillion bill for social security and medicare will start coming due as the baby boomer generation retires. And if something does not change, the govt will again print more and more money, making the us dollar worth less and less.

By the way if you wanted to pay off 1 trillion dollars by paying $1 a day. It will take you 34,000 years to pay it off.

Originally Posted by Adster

This one.....


The Central Bank adopted tight monetary policy to deal with high (Voice of Iraq) - 11 - 13-2006 | (Voice of Iraq) - 11 - 13-2006 | sent this issue to صديقThis issue was sent to a friend of العراقThe Republic of Iraq Council of Ministers-the Minister of Communications الحكوميهCouncils-the governmental relations communications الاعلاميهMedia Relations Press Release Press release / Press Release Press release / Monday, 11 - 13-2006 Monday 11 - 13-2006, the Central Bank monetary policy depends مشددهThe Central Bank adopted tight monetary policy to address the high rates التضخمToaddress the high rates of inflation An official from the Iraqi Central Bank on inflationary phenomenon, including the following :An official from the Iraqi Central Bank on inflationary phenomenon,including the following :following the Iraqi Central Bank current trends of inflationary phenomenon and its implications on the tracks economic growth because of their undesirable effects on economic stability and the ability to allocate resources among the various activities of the economy and social conditions, especially the standard of living of the poorer classes and limited fathervinegar,It should be noted that inflation in the Iraqi economy, which negatively affected the security conditions resulting from two sources :Following the Iraqi Central Bank current trends of inflationary phenomenon and its implications on the tracks economic growth because of their undesirable effects on economic stability and the ability to allocate resources among the various activities of the economy and social conditions,especially the standard of living of the poorer classes and limited father vinegar,It should be noted that inflation in the Iraqi economy,which negatively affected the security conditions resulting from two sources :First :supply bottlenecks in the real sector, which mainly concentrated in the fuel processing sector and its negative effects on the cost of transport and communication and other production costs. First :supply bottlenecks in the real sector,which mainly concentrated in the fuel processing sector and its negative effects on the cost of transport and communication and other production costs.The second :the significant influence of aggregate demand for goods and services in the economy. The second :the significant influence of aggregate demand for goods and services in the economy.He added :We have reached the annual rates of inflation high levels exceeded 50%. He added :We have reached the annual rates of inflation high levels exceeded 50%.In spite of the positive developments shown by the index of consumer prices (an indicator of inflation) during the month of September 2006, which represented a decrease of 13%.However, the inflation rate base (the index of consumer prices excluding fuel and lighting, transport and communication), which represents the effects of the aggregate demand for goods and services in the Iraqi economy,what remains high and the level of not less than 33%. In spite of the positive developments shown by the index of consumer prices (an indicator of inflation) during the month of September 2006,which represented a decrease of 13%.However,the inflation rate base (the index of consumer prices excluding fuel and lighting,transport and communication),which represents the effects of the aggregate demand for goods and services in the Iraqi economy,what remains high and the level of not less than 33%.He pointed out that the Central Bank notes and in the follow-up of economic policy in general and the implementation of monetary policy in particular,The inflationary effects arising from supply bottlenecks sector requires addressed through other means of economic policy, which is outside the scope of the impact of the Iraqi Central Bank and its monetary policy adopted,realizing that the inflationary effects of the base index, resulting from the demand side can turn Alihalh rooted in the joints and components of the Iraqi economy if not addressed through the measures and procedures required and available to macroeconomic policies and in particular the financial and monetary policies,it found the Central Bank and after-depth analysis of these policies that causes inflation back to the base the following factors :He pointed out that the Central Bank notes and in the follow-up of economic policy in general and the implementation of monetary policy in particular,The inflationary effects arising from supply bottlenecks sector requires addressed through other means of economic policy,which is outside the scope of the impact of the Iraqi Central Bank and its monetary policy adopted,realizing that the inflationary effects of the base index,resulting from the demand side can turn Alihalh rooted in the joints and components of the Iraqi economy if not addressed through the measures and procedures required and available to macroeconomic policies and in particular the financial and monetary policies,it found the Central Bank and after-depth analysis of these policies that causes inflation back to the base the following factors :1.1.That does not suit the Iraqi dinar exchange rate prevailing with the nominal level, which reflects the real capacity of the Iraqi economy achieved and conditions of flows of foreign currency to the following :That does not suit the Iraqi dinar exchange rate prevailing with the nominal level,which reflects the real capacity of the Iraqi economy achieved and conditions of flows of foreign currency to the following :- The oil revenues generated by high oil prices in the world market during the last two years,, which was reflected in the ongoing expansion of government expenditure. - The oil revenues generated by high oil prices in the world market during the last two years,, which was reflected in the ongoing expansion of government expenditure.- Power expenses multinational forces stationed in Iraq., which are internal cover their expenses in foreign currency. - Power expenses multinational forces stationed in Iraq., Which are internal cover their expenses in foreign currency.As well as the flow of foreign aid is different still available in the local market and foreign currency. As well as the flow of foreign aid is different still available in the local market and foreign currency.The Almusderali that the Iraqi Central Bank believes that the above factors contributed to their widespread phenomenon of dealing in dollars (Dollar), which are outside the influence of monetary policy,The trends negatively affect the stability of the monetary demand and monetary policy course of action and its role in the stability of the financial market and the Iraqi dinar. The Almusderali that the Iraqi Central Bank believes that the above factors contributed to their widespread phenomenon of dealing in dollars (Dollar)which are outside the influence of monetary policy,The trends negatively affect the stability of the monetary demand and monetary policy course of action and its role in the stability of the financial market and the Iraqi dinar.2.2.In terms of public expenditure has increased paragraph salaries and wages has accelerated during the past two years to reach 60% of GDP-oil after the increase does not exceed 35% till the year 2004. In terms of public expenditure has increased paragraph salaries and wages has accelerated during the past two years to reach 60% of GDP-oil after the increase does not exceed 35% till the year 2004.He said the Iraqi Central Bank will adopt a tight monetary policy in this regard is aimed at reducing the inflation base through improved exchange rate of the Iraqi dinar and raise the purchasing power of the Iraqi dinar and make cash more attractive means to reflect the circumstances and encouraging indicators in the economy which would help in addressing the Dahdanger of dollarization, which is one of the factors غيرHe said the Iraqi Central Bank will adopt a tight monetary policy in this regard is aimed at reducing the inflation base through improved exchange rate of the Iraqi dinar and raise the purchasing power of the Iraqi dinar and make cash more attractive means to reflect the circumstances and encouraging indicators in the economy which would help in addressing the danger of Dah dollarization,which is one of the factors - desired in the work of monetary policy and the level of effectiveness to achieve their goals in reducing inflation. The desired in the work of monetary policy and the level of effectiveness to achieve their goals in reducing inflation.Furthermore, the Central Bank will adopt interest rates help to diversify financial market tools religion gradually terms at the same time enabling increased levels of savings and control the levels of cash. Furthermore,the Central Bank will adopt interest rates help to diversify financial market tools religion gradually terms at the same time enabling increased levels of savings and control the levels of cash.He went on to say that these measures will provide a climate conducive to the economic stability which will pave the way for reconstruction and achieve the required growth.in addition to higher levels of employment and reducing unemployment, which will be channeled all in the future of the Iraqi economy and prosperity. He went on to say that these measures will provide a climate conducive to the economic stability which will pave the way for reconstruction and achieve the required growth.In addition to higher levels of employment and reducing unemployment,which will be channeled all in the future of the Iraqi economy and prosperity.

WEEEEEEEEE!!!!!
AND A WOOT TOOOOOOOOOO!!!!

Originally Posted by PopaDinar

The way I see it, in redneck terms...

The CBI is buying back Dinars and selling USD with in country banks...
It makes sense that everyday they are lowering exchange rate on the buy and sell of IQD, pulling the Dinar out of circulation in country (IRAQ)...

WHY???

The CBI will not have to put out the money right away for people holding and exchanging in out of country, the only worries they have in terms of exchanging in will be in country speculators and banks selling back in country to the CBI...
They already have pulled in 1 trillion that those banks now can not exchange in or sell to the CBI, that in itself when RV'd is a huge chunk...

Out of country , say the US, when we exchange them in for US $, the banks are not going to send them back to Iraq, they are going to hold them for futures and the sell to future speculators, buy low sell high... There is not much money to be made for the bank who exchanges your Dinar and turns around to sell back to the CBI... As I here way too often on here, banks are in business to make money, actually that is there business...

Specialist as well as the CBI Gov know they will not see any of us speculators out of country or have to exchange our money in anytime soon if ever if the IQD becomes a publicly traded currency or say converted... They are only worried about the in country speculators and banks and in my own opinion this is why they drop the rate everyday to draw out more in country as cheap as they can before a big jump in value...

I may be way off, but this is how I see it and why we are seeing what we are right now with the exchange and auctions...

I might not be well educated, especially since (John Kerry) I have served all of you in Iraq as a (Sgt) in the United States Marine Corps and also served as a (MSG) to the US Embassy in Iraq while ending my 12 year career...

Please only people with real knowledge correct me if I'm way off or wrong but this is just how I see it...

Good thinking! I too agree that once there is an RV, it will take a while for the dinar to finds its way back to the CBI. Many banks will hold if they think it will further appreciate. They will in turn sell it back to investors who think it will also appreciate. So the CBI will not need the TOTAL amount of reserves equal to the TOTAL amount of dinar outstanding on RV date. They wil need a percentage (like reserve requirements for a bank) and they know what that percentage needs to be. I don't. Good post by an ole crusty marine.

Originally Posted by Adster

This one.....


The Central Bank adopted tight monetary policy to deal with high (Voice of Iraq) - 11 - 13-2006 | (Voice of Iraq) - 11 - 13-2006 | sent this issue to صديقThis issue was sent to a friend of العراقThe Republic of Iraq Council of Ministers-the Minister of Communications الحكوميهCouncils-the governmental relations communications الاعلاميهMedia Relations Press Release Press release / Press Release Press release / Monday, 11 - 13-2006 Monday 11 - 13-2006, the Central Bank monetary policy depends مشددهThe Central Bank adopted tight monetary policy to address the high rates التضخمToaddress the high rates of inflation An official from the Iraqi Central Bank on inflationary phenomenon, including the following :An official from the Iraqi Central Bank on inflationary phenomenon,including the following :following the Iraqi Central Bank current trends of inflationary phenomenon and its implications on the tracks economic growth because of their undesirable effects on economic stability and the ability to allocate resources among the various activities of the economy and social conditions, especially the standard of living of the poorer classes and limited fathervinegar,It should be noted that inflation in the Iraqi economy, which negatively affected the security conditions resulting from two sources :Following the Iraqi Central Bank current trends of inflationary phenomenon and its implications on the tracks economic growth because of their undesirable effects on economic stability and the ability to allocate resources among the various activities of the economy and social conditions,especially the standard of living of the poorer classes and limited father vinegar,It should be noted that inflation in the Iraqi economy,which negatively affected the security conditions resulting from two sources :First :supply bottlenecks in the real sector, which mainly concentrated in the fuel processing sector and its negative effects on the cost of transport and communication and other production costs. First :supply bottlenecks in the real sector,which mainly concentrated in the fuel processing sector and its negative effects on the cost of transport and communication and other production costs.The second :the significant influence of aggregate demand for goods and services in the economy. The second :the significant influence of aggregate demand for goods and services in the economy.He added :We have reached the annual rates of inflation high levels exceeded 50%. He added :We have reached the annual rates of inflation high levels exceeded 50%.In spite of the positive developments shown by the index of consumer prices (an indicator of inflation) during the month of September 2006, which represented a decrease of 13%.However, the inflation rate base (the index of consumer prices excluding fuel and lighting, transport and communication), which represents the effects of the aggregate demand for goods and services in the Iraqi economy,what remains high and the level of not less than 33%. In spite of the positive developments shown by the index of consumer prices (an indicator of inflation) during the month of September 2006,which represented a decrease of 13%.However,the inflation rate base (the index of consumer prices excluding fuel and lighting,transport and communication),which represents the effects of the aggregate demand for goods and services in the Iraqi economy,what remains high and the level of not less than 33%.He pointed out that the Central Bank notes and in the follow-up of economic policy in general and the implementation of monetary policy in particular,The inflationary effects arising from supply bottlenecks sector requires addressed through other means of economic policy, which is outside the scope of the impact of the Iraqi Central Bank and its monetary policy adopted,realizing that the inflationary effects of the base index, resulting from the demand side can turn Alihalh rooted in the joints and components of the Iraqi economy if not addressed through the measures and procedures required and available to macroeconomic policies and in particular the financial and monetary policies,it found the Central Bank and after-depth analysis of these policies that causes inflation back to the base the following factors :He pointed out that the Central Bank notes and in the follow-up of economic policy in general and the implementation of monetary policy in particular,The inflationary effects arising from supply bottlenecks sector requires addressed through other means of economic policy,which is outside the scope of the impact of the Iraqi Central Bank and its monetary policy adopted,realizing that the inflationary effects of the base index,resulting from the demand side can turn Alihalh rooted in the joints and components of the Iraqi economy if not addressed through the measures and procedures required and available to macroeconomic policies and in particular the financial and monetary policies,it found the Central Bank and after-depth analysis of these policies that causes inflation back to the base the following factors :1.1.That does not suit the Iraqi dinar exchange rate prevailing with the nominal level, which reflects the real capacity of the Iraqi economy achieved and conditions of flows of foreign currency to the following :That does not suit the Iraqi dinar exchange rate prevailing with the nominal level,which reflects the real capacity of the Iraqi economy achieved and conditions of flows of foreign currency to the following :- The oil revenues generated by high oil prices in the world market during the last two years,, which was reflected in the ongoing expansion of government expenditure. - The oil revenues generated by high oil prices in the world market during the last two years,, which was reflected in the ongoing expansion of government expenditure.- Power expenses multinational forces stationed in Iraq., which are internal cover their expenses in foreign currency. - Power expenses multinational forces stationed in Iraq., Which are internal cover their expenses in foreign currency.As well as the flow of foreign aid is different still available in the local market and foreign currency. As well as the flow of foreign aid is different still available in the local market and foreign currency.The Almusderali that the Iraqi Central Bank believes that the above factors contributed to their widespread phenomenon of dealing in dollars (Dollar), which are outside the influence of monetary policy,The trends negatively affect the stability of the monetary demand and monetary policy course of action and its role in the stability of the financial market and the Iraqi dinar. The Almusderali that the Iraqi Central Bank believes that the above factors contributed to their widespread phenomenon of dealing in dollars (Dollar)which are outside the influence of monetary policy,The trends negatively affect the stability of the monetary demand and monetary policy course of action and its role in the stability of the financial market and the Iraqi dinar.2.2.In terms of public expenditure has increased paragraph salaries and wages has accelerated during the past two years to reach 60% of GDP-oil after the increase does not exceed 35% till the year 2004. In terms of public expenditure has increased paragraph salaries and wages has accelerated during the past two years to reach 60% of GDP-oil after the increase does not exceed 35% till the year 2004.He said the Iraqi Central Bank will adopt a tight monetary policy in this regard is aimed at reducing the inflation base through improved exchange rate of the Iraqi dinar and raise the purchasing power of the Iraqi dinar and make cash more attractive means to reflect the circumstances and encouraging indicators in the economy which would help in addressing the Dahdanger of dollarization, which is one of the factors غيرHe said the Iraqi Central Bank will adopt a tight monetary policy in this regard is aimed at reducing the inflation base through improved exchange rate of the Iraqi dinar and raise the purchasing power of the Iraqi dinar and make cash more attractive means to reflect the circumstances and encouraging indicators in the economy which would help in addressing the danger of Dah dollarization,which is one of the factors - desired in the work of monetary policy and the level of effectiveness to achieve their goals in reducing inflation. The desired in the work of monetary policy and the level of effectiveness to achieve their goals in reducing inflation.Furthermore, the Central Bank will adopt interest rates help to diversify financial market tools religion gradually terms at the same time enabling increased levels of savings and control the levels of cash. Furthermore,the Central Bank will adopt interest rates help to diversify financial market tools religion gradually terms at the same time enabling increased levels of savings and control the levels of cash.He went on to say that these measures will provide a climate conducive to the economic stability which will pave the way for reconstruction and achieve the required growth.in addition to higher levels of employment and reducing unemployment, which will be channeled all in the future of the Iraqi economy and prosperity. He went on to say that these measures will provide a climate conducive to the economic stability which will pave the way for reconstruction and achieve the required growth.In addition to higher levels of employment and reducing unemployment,which will be channeled all in the future of the Iraqi economy and prosperity.

It's amazing that some can't grasp this fact, must be bad water. Good reminder.

Originally Posted by Socata 850

The dollar is in trouble and I believe we will see a further decline in it's value against other world currencies. China has announced that it is selling off just a mere 1 trillion dollars of its foreign currency holdings and the US cannot get out of its "spend more than you make" mindset. If China and some of the other emerging financial powerhouses decide just one time that they are not going to purchase US T-Bills, you will see a panic like we haven't seen since the great depression. Warren Buffet is betting heavily on the decline of the dollar. To the tune of 16 billion dollars of his own money. We are in for a rocky time, IMO, and it's coming within the next 24 to 36 months. If there is another 9/11 event, it will upon us so fast we won't know what hit us.

Isn't the U.S. holding NIDs? Isn't the U.S. going to benefit immensely when the reval occurs which may solidify the U.S. Dollar? Just something to think about.

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 1 Am I completely off base by thinking that this country is wealthy by resources that the entire earth requires i.e. oil. 2 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

1- Yes you are right Iraq has the most of the one thing the world wants and needs.

2- Correct again we know Iraq has stated they will have an open market economy in order for their stock exchange to be internationally traded they will require their currency on the foreign exchange market.

if they are allowed to back their reserves with future oil contracts (as was stated they could) then I see no problem of a large RV I would want to see the dinar worth more before going on the foreign exchange market. Remember we have also seen stated "Artificial Rate" and numorous mentions of "Returning to formal rate" there is no way 1 middle eastern country with the most oil is going to have the cheapest currency as shows another statement "An exchange rate of that of surrounding countries (I bet Iraq has more oil then all the surrounding countries with only 10% of it being explored for oil and the cheapest cost of bringing it to market)

The way I look at this is like what was posted "Look at your dinars as oil certificates in the worlds biggest oil company" I plan to sell only a very little when its first on the market to get my initial investment back then im leaving the rest as I have no doubt that once it opens on the world market the price it opens at wont be where it stays


Hope this helps

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.

Put a sock in it or I'll call your mother!!!!!!

Originally Posted by shotgunsusie

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.

I agree with you 100%. Many underestimate how sharp the Iraqi people and leaders are. You are so right. I don't believe this has been said before.

FistFull of Dollars

Posted by BigWorm on IFF

æßÇáÉ ÇáÇäÈÇÁ ÇáæØäíÉ ÇáÚÑÇÞíÉ - æäÇ: training staff of "Iraqi stock market" in preparation to the beginning of electronic exchange