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

Any update on the 10k handout?

Adster: "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."

Originally Posted by wciappetta

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

I agree completely. So clear but people are catching on, Wcia.

Originally Posted by crave681

So.... ASS u ME-ing that the US "invested" in some dinar as well as us speculators, would it be correct to say that the dollar is not in as much peril as you posit if it is now "backed" by or "bound with" iraqi oil? (also assuming a nice fat rv)
And would our national debt not be able to be paid down considerably as well?
Thanks for your attention to this question and sorrs if you answered it already.

DING DING DING, TELL HIM WHAT HES WON JOHNNY!!!!
same thing that clinton did to erase the national debt exchanging kuwaiti money.

Originally Posted by MunnyBaggs

You are 100% correct, Soc. This is an exciting ride we are on! The Dinar money train just keeps choogling along. Every day we should see continued rise in IQD value. Let's see a 5 to 10 point drop soon!!!!

moldy bags, youre gonna see a drop alright but its gonna knock your model off and shatter it to bits!!

(Voice of Iraq) - 06-12-2006
اThis issue was sent to a friend

Iraqi pledges to provide security for the Russian companies if returned to the country
Pledged to the Iraqi Ministry of Electricity to provide the necessary protection for the companies and Russian experts in the event of their return to Iraq to the implementation of a number of projects contracted by the previously shunned companies to implement because of the difficult security conditions in the country.
An official source at the Ministry of Electricity to a high-level delegation from the ministry would travel the end of this month to Russia to activate a number of contracts with a number of Russian companies and direct implementation in the musical after those companies on the implementation due to poor security situation in the country.
He added that the delegation would urge Russian companies to fulfill their obligations in implementation of the projects of the ministry suspended. noting that the Iraqi side Sitand provide the necessary protection for the companies and Russian experts in the event of their return to the implementation of these projects and direct his followers in the safe areas of the country.
He pointed out that there were many contracts with Russian companies is now including the rehabilitation of a number of obstetric units in the power stations and the building of a Youssifiyah electrical, as well as a number of projects and the transfer of power lines

هKuwaiti homeland


Translated version of http://www.sotaliraq.com/iraqi-elections/

Originally Posted by wciappetta

I agree with you. Somewhere in the history thread is an article that spoke of the CBI no longer needing to expand the money supply. I believe this was near the end of Sept early Oct ? perhaps someone will come up with it.

It was June of 2006 where the CBI stated they would not print any more IQD nor expand M2. Widely discussed back then. Sorry, don't have a link, but clearly remember a lot of discussion about it. It was the first signal they intended to raise the IQD value.

Originally Posted by shotgunsusie

moldy bags, youre gonna see a drop alright but its gonna knock your model off and shatter it to bits!!

[QUOTE=Munny Model IQD Value Projections
Range 1345 IQD/1 USD to 1 IQD/.31 USD:

1345 IQD/1USD per IMF/CBI by Dec. 06
813 IQD/1 USD per CBI 25% req. reserves
1 IQD/.02 USD per TABLE C (no new Denoms)
1 IQD/.17 USD per TABLE C (14 Denoms)
1 IQD/.27 USD per TABLE A & B
BankofBaghdad 2004 books kept at 1 IQD/.31 USD[/QUOTE]

I thought that the BOB sight showed it as 1usd=.31 NID Also I beieve it was either CP or DE that showed on the bottom of the CBI? site that that rate was also recognized

Originally Posted by Offshore-Wealth.com

Agreed,

The dollar has clearly gotten weaker, and ironically, the economic war has just begun with China removing a cool trillion from U.S. investments. The next attack will be Chavez now that he was reelected soundly, which will surely set the tone for VZ attack on dollare as well. We already know Iran is no friend, so between these three oil powerhouses, the dollar is doomed when the dollar is removed against oil as it has been forever.

Remember, the dollar is backed by nothing other than a reputation of strength, when in essence it was backed by gold and silver at one time. This was the beginning of the end of dollars dominance, so now we are extremely vulnerable and if all countries follow trend as the see the dollar crumble, with Japan and China dumping dollars, watch out, you do not want to be holding dollars when this happens.

So for all those talking about cashing out dinar immediately, think long and hard about that strategy as it is all wrong move at this point in time. If you pay off your debts, great, but don't put it in any U.S. bank savings institution for it will be at risk on serveral fronts. First, FDIC cannot insure even a dollar per hundred, do forget that false security, and when the cookie crumbles, you will only be left with crumbs. Just some food for thought, but the next 9-11 won't involve explosives, it will be an economic attack, and since the dollar is a house of cards, it will be very easy to crumble.

Good luck to all, Mike

Mike, or anyone, my feeling is EUR or CHF is best currency to hold in (other than Dinar). does anyone know which would be safer over a 5 year period?

i would assume CHF, based on gut thought, i have no financial knowledge.

can someone please advise?? this is relevant to us all. i figure most of us want to get out into other investments, nice safe ones!!!

Patriotic Union of Kurdistan Democratic Party and a number of reading

(Voice of Iraq) - 06-12-2006
This issue was sent to a friend
Patriotic Union of Kurdistan Democratic Party, reading a number of recommendations for strengthening the role of institutions in the Kurdish Iraqi government and the House of Representatives

Union : The political offices of the Patriotic Union of Kurdistan and the Kurdistan Democratic Party joint meetings in Baghdad in order to examine the situation and political developments in Iraq and the Iraqi Kurdistan region
At a meeting held Tuesday presence Mam Jalal, Secretary-General of the Patriotic Union of Kurdistan and Massoud Barzani, head of the Kurdistan Democratic Party decided to form a committee to follow up the question of the application of Article 140 of the Iraqi Constitution, the Permanent related to the normalization of the situation in Kirkuk and other areas, which were exposed to a policy of ethnic cleansing j

Adoption has also been a number of recommendations with the aim of activating and strengthening the role and place of Kurds in the institutions of the Iraqi government and the House of Representatives of Iraq.

As political offices confirmed their determination to strengthen cooperation and coordination between them in order to provide the necessary assistance to provide security in Baghdad and ending the threat of terrorism in the country and the development of the democratic process.

For his part, President of the Kurdistan Parliament Adnan Mufti said the government of the Kurdistan delegation discussed with officials in the federal government, including several axes, the task of formulating a mechanism to activate the relations between the territorial government and the federal government in Baghdad.

He added : "We discussed at the meeting of the political offices of the Patriotic Union of Kurdistan and the Kurdistan Democratic Party yesterday, the first political situation in Iraq. especially after a security point of unfortunate incidents and the escalation of violence in Iraq. The high-level delegation headed by the President of Kurdistan Mr. Masoud Barzani, had come to Baghdad to participate in the meetings of entities and the political blocs and held several meetings with the President of the Republic, His Excellency Mr. Jalal Talabani in Baghdad.

He continued : Mufti been in the meeting discussed several important issues, including steps taken from the political and assess the recent visit of President Jalal Talabani to Iran, and the results of the visit to Jordan Maliki and his meeting with President George Bush, in addition to examining the situation in the Kurdistan region and the results of the visit and meetings of the delegation of the government of the Kurdistan with officials in the Iraqi government on the budget and on oil and how to develop a mechanism to activate the relations between the territorial government and the federal government in Baghdad.

It is expected that the meetings will continue until the end of axes programs including steps discuss the implementation of Article 140 of the Iraqi Constitution by the Supreme Committee for the implementation of the above-mentioned article.
European

Originally Posted by jsfletcher

I thought that the BOB sight showed it as 1usd=.31 NID Also I beieve it was either CP or DE that showed on the bottom of the CBI? site that that rate was also recognized

You are correct