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

Originally Posted by CapeK

I have heard The U.S Govt. has $5 billion in dinar. At 1500:1, just to round things off that would net 7.5Trillion dinar. At a rate of $1.40 that would exhange at $10.5 Trillion

CapeK

While not wanting to sound as if Im questioning your statement, I was wondering were you heard this?

Newspaper?, Web site, if so do you have a link? On a forum? TV? Coffee shop?

If this has any substance, than this is a very valuable piece of Information you have supplied. Hope you can add some substance.

Thanks, Gloribee

Originally Posted by jsfletcher

are you saying the us has 5 billion USD worth of dinar, or 5 billion dinar?

actually their goal was 12 but only 7 is accounted for that i know of.

Originally Posted by jsfletcher

are you saying the us has 5 billion USD worth of dinar, or 5 billion dinar?

$5billion USD worth of dinar

CapeK

Originally Posted by kiko

Maliki : the political forces hold the middle of this month
Baghdad - (Voices of Iraq)

Prime Minister Nuri al-Maliki today, Tuesday, that the political forces will be held in the middle of this month.

Al-Maliki said in a press conference held at the cabinet today that the conference will include various parties and political forces to participate in the government and non-participation in order to promote national unity and agreement to get Iraq where it is now.
The congress is the political parties and forces, and one of four conferences held in the framework of national reconciliation, held from the clan and the religious forces and the civil societies.

On the other hand, Al-Maliki said that "Iraq in the framework of sending envoys to visit the neighboring countries, regional and urged to help Iraq rather than finding solutions, but in order to find a ground for the establishment of a regional or international conference. "

He pointed out that Al-Malki had been agreed "on the cabinet reshuffle will involve a number of ministries will be announced in a short period of time."

And on the housing problem in Iraq, Al-Maliki said "it was decided to launch the national housing project, which will include the building of thousands of housing units in Baghdad and the governorates where the amounts have been allocated in the next budget, which described the explosive budget (2007 budget)."

He added : "We also have been completed by the end of the preparation of a law on oil and gas will be presented to the House of Representatives."

ÇáãÇáßí - ãÄÊãÑ :: Aswat al Iraq :: Aswat al Iraq


Here he is again Adster!!

I love reading this!

CLEANIN HOUSE!!!! WOoT!!!!

Originally Posted by Gloribee

While not wanting to sound as if Im questioning your statement, I was wondering were you heard this?

Newspaper?, Web site, if so do you have a link? On a forum? TV? Coffee shop?

If this has any substance, than this is a very valuable piece of Information you have supplied. Hope you can add some substance.

Thanks, Gloribee

I have heard it on the forums, from people well repsected. As you see SGS also has heard that the U.S. holds a lot of dinar. I do not have a link or proof that this is so.
CapeK

Originally Posted by CapeK

I have heard The U.S Govt. has $5 billion in dinar. At 1500:1, just to round things off that would net 7.5Trillion dinar. At a rate of $1.40 that would exhange at $10.5 Trillion

CapeK

Originally Posted by jsfletcher

are you saying the us has 5 billion USD worth of dinar, or 5 billion dinar?

Originally Posted by shotgunsusie

actually their goal was 12 but only 7 is accounted for that i know of.

I have read and heard this, when I first got involved. The way I remember is, It is in Dinar's. Around 5 or 50 Billion at the first deposit that was made into the Federal Reserve in July of 2005. That was the only record of it before you could not find reports on it anylonger. It was even posted somewhere from a member. I just can not remember who.

Originally Posted by neno

I have read and heard this, when I first got involved. The way I remember is, It is in Dinar's. Around 5 or 50 Billion at the first deposit that was made into the Federal Reserve in July of 2005. That was the only record of it before you could not find reports on it anylonger. It was even posted somewhere from a member. I just can not remember who.

I too remember reading the GOI deposited 5Billion as a result of the original currency exchange in Oct. 03. Thanks

the rules used to give a country rights to put 5 billion currency in fed reserve and retrieve at later date for a certain rate, but they changed it in the 90's giving a country the right to deposit 20 billion. This article from the fed reserve was posted on the IIF site recently. Quite interesting read. From the way I read it, the Iraqi gov could deposit it at let's say 1500 rate and withdraw it at let's say $3.22 rate. I guess it has something to do with the SDR rate or something. That's why I believe that this thing is getting ready to hit big. We can add figures or guess until the cows come home, but there was a plan set years ago that will surfice soon. JMHO.

Quote:
Originally Posted by CapeK
I have heard The U.S Govt. has $5 billion in dinar. At 1500:1, just to round things off that would net 7.5Trillion dinar. At a rate of $1.40 that would exhange at $10.5 Trillion

CapeK



Iraq Deposits Five Billion Dollars with US Federal Reserve

AFP | February 8, 2005

BAGHDAD - The Iraqi central bank has built up five billion dollars in reserves in recent months which have been deposited with the US Federal Reserve, a top US treasury official said Tuesday.

The sum will earn the Iraqi government about 100 million dollars of much needed interest each year, John Taylor, US treasury under secretary for international affairs, told a press conference after talks with Iraqi officials.

The money has been placed with the Federal Reserve Bank of New York.

Taylor said the five billion dollars had built up from the currency transactions since the introduction of the new Iraqi dinar.

He said he had discussed the importance of improving Iraq's banking system by developing electronic payments -- Iraqis still rely heavily on cash -- and to help the private sector to borrow money.

Iraqi authorities also had to set up financing for housing mortgages, he
added.

While acknowledging Iraq's security troubles, Taylor said there was much to be "optimistic" about in the country's economy with more signs of activity since the country's January 30 election.

"There is a lot of economic activity that you can see just by driving around the streets," said the official, who told reporters he had not been confined to the high-security Green Zone while in Baghdad.

"The necessary economic and political foundations are taking root to ensure Iraq's prosperity," he said.

Originally Posted by cigarman

the rules used to give a country rights to put 5 billion currency in fed reserve and retrieve at later date for a certain rate, but they changed it in the 90's giving a country the right to deposit 20 billion. This article from the fed reserve was posted on the IIF site recently. Quite interesting read. From the way I read it, the Iraqi gov could deposit it at let's say 1500 rate and withdraw it at let's say $3.22 rate. I guess it has something to do with the SDR rate or something. That's why I believe that this thing is getting ready to hit big. We can add figures or guess until the cows come home, but there was a plan set years ago that will surfice soon. JMHO.

Wow, with all the news reading I do, somehow I never heard any of this that I can remember. Thanks everyone. Now I am getting excited!!!!!

Gloribee