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

Originally Posted by fussyfever

I would love for it to happen soon. I agree with Adster. If they wait they
will destroy all there chances to become a country. If it goes on another year
and the 100 people die a day that is 36,500 people that cant be arrested
now and with a revel of .71 It should be enough to turn this terror into
a territory

I get cheesed off reading the same crap that it will take another 2 to 3 years at a point or 2 a day, this is absolute BS and totally goes against what their government have said.

With inflation at 76% and growing can they wait for 2 years and see it grow to 150-160%?

Do you really see Bush hanging on for another 2 years for their economy to improve? No way, he'll oust Maliki if need be, and soon, he has to kickstart the US dollar and pay for the war/show it's been a success.

We know for a fact that the rate was 33 cents 3 years ago before the IMF set the prgramme rate.

We also know that in the 80s the rate was $3.22 which is still on the books of the Bank of Baghdad and the CBI site. Now why would they have kept these rates on their books???

Do some really think the 10k handouts that should have happened 6 weeks ago will go out at $6.80 per person, this has to be linked to a reval as per the Marshall Plan as the IC has been compared to the MC, right???

With all the debt forgiveness and Iraq crying out for foreign investment will they really allow their country to be bought up for fils as that will be the case at 1430 to the dollar.........

With the fil and soon to be oil law and IC they need to do something now, a big reval, not 1 or 2 points per day. I wish people would see this. The CBI and MoF have stated raising the dinar to be in parity with neighbouring countries/on a par with the dollar.

How can they import goods at 1430? Joe Hussain wants a computer from Uncle Sam, at $1k he'll pay 1,430,000 dinars, this likely??? Once the dinar is openly on the market there will not be enough dinars in circulation to allow people to import goods at this pathetic artificial rate.

Originally Posted by Adster

I get cheesed off reading the same crap that it will take another 2 to 3 years at a point or 2 a day, this is absolute BS and totally goes against what their government have said.

With inflation at 76% and growing can they wait for 2 years and see it grow to 150-160%?

Do you really see Bush hanging on for another 2 years for their economy to improve? No way, he'll oust Maliki if need be, and soon, he has to kickstart the US dollar and pay for the war/show it's been a success.

We know for a fact that the rate was 33 cents 3 years ago before the IMF set the prgramme rate.

We also know that in the 80s the rate was $3.22 which is still on the books of the Bank of Baghdad and the CBI site. Now why would they have kept these rates on their books???

Do some really think the 10k handouts that should have happened 6 weeks ago will go out at $6.80 per person, this has to be linked to a reval as per the Marshall Plan as the IC has been compared to the MC, right???

With all the debt forgiveness and Iraq crying out for foreign investment will they really allow their country to be bought up for fils as that will be the case at 1430 to the dollar.........

With the fil and soon to be oil law and IC they need to do something now, a big reval, not 1 or 2 points per day. I wish people would see this. The CBI and MoF have stated raising the dinar to be in parity with neighbouring countries/on a par with the dollar.

How can they import goods at 1430? Joe Hussain wants a computer from Uncle Sam, at $1k he'll pay 1,430,000 dinars, this likely??? Once the dinar is openly on the market there will not be enough dinars in circulation to allow people to import goods at this pathetic artificial rate.

WOW...cheesed off? I think that maybe some Baileys in the coffee right now might help Adster. Don't fret...this things on the home stretch.

Originally Posted by jedi17

WOW...cheesed off? I think that maybe some Baileys in the coffee right now might help Adster. Don't fret...this things on the home stretch.

Am fine bro, just wanted to make the point, needed to be said, as to the reasons too.

Listen after 18 months I'm more chilled about this investment than ever before. Have just been signed off sick for 2 months for 'post' back surgery recovery and I'm convinced it will revalue before I ever have to go back to the office job I loathe!

Interesting, tis blank, they've taken off the 'announcements' that were in there.....


Announcements

Originally Posted by Adster

I get cheesed off reading the same crap that it will take another 2 to 3 years at a point or 2 a day, this is absolute BS and totally goes against what their government have said.

With inflation at 76% and growing can they wait for 2 years and see it grow to 150-160%?

Do you really see Bush hanging on for another 2 years for their economy to improve? No way, he'll oust Maliki if need be, and soon, he has to kickstart the US dollar and pay for the war/show it's been a success.

We know for a fact that the rate was 33 cents 3 years ago before the IMF set the prgramme rate.

We also know that in the 80s the rate was $3.22 which is still on the books of the Bank of Baghdad and the CBI site. Now why would they have kept these rates on their books???

Do some really think the 10k handouts that should have happened 6 weeks ago will go out at $6.80 per person, this has to be linked to a reval as per the Marshall Plan as the IC has been compared to the MC, right???

With all the debt forgiveness and Iraq crying out for foreign investment will they really allow their country to be bought up for fils as that will be the case at 1430 to the dollar.........

With the fil and soon to be oil law and IC they need to do something now, a big reval, not 1 or 2 points per day. I wish people would see this. The CBI and MoF have stated raising the dinar to be in parity with neighbouring countries/on a par with the dollar.

How can they import goods at 1430? Joe Hussain wants a computer from Uncle Sam, at $1k he'll pay 1,430,000 dinars, this likely??? Once the dinar is openly on the market there will not be enough dinars in circulation to allow people to import goods at this pathetic artificial rate.

Sorry you all are correct. I was just trying to shed a little positive outlook. I know that it should have been put in the (rumors / predictions) or some other thread. I for one do not think it will, or can take that long.
Great luck to all
Trapper

Announcement No.(820)

D.G. of Foreign Exchange Control

The 820 daily currency auction was held in the Central Bank of Iraq day Wednesday 2006 / 12/ 6 so the results were as follows :

Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1426 -----
Auction price buying dinar / US $ 1424 -----
Amount sold at auction price (US $) 14.700.000 -----
Amount purchased at Auction price (US $) 848.000
Total offers for buying (US $) 14.700.000 -----
Total offers for selling (US $) 848.000 -----

Looks like the same old trend...what does tomorrow bring?

Originally Posted by jedi17

WOW...cheesed off? I think that maybe some Baileys in the coffee right now might help Adster. Don't fret...this things on the home stretch.

Actually Irish Mist is better , then he can add his own Devonshire Cream to his liking. Makes a person warm and fuzzy all over just thinking about it. All of us members in the colder climates soon can then start thinking about getting out and moving elsewhere.

Although like us USA citizens , the Brits will now have to contend with the UK chasing them where ever they go because of Mr Gordon Brown wants to make their laws like that of the US and claiming citizen taxes no matter where they move to.

Here's to Pilsner from Prague


Blue

Okay lets all post at once....

Originally Posted by Dinarstars

Announcement No.(820)

D.G. of Foreign Exchange Control

The 820 daily currency auction was held in the Central Bank of Iraq day Wednesday 2006 / 12/ 6 so the results were as follows :

Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1426 -----
Auction price buying dinar / US $ 1424 -----
Amount sold at auction price (US $) 14.700.000 -----
Amount purchased at Auction price (US $) 848.000
Total offers for buying (US $) 14.700.000 -----
Total offers for selling (US $) 848.000 -----

Looks like the same old trend...what does tomorrow bring?

This is all good news folks, I would much rather see some movement... all be it small ....than none at all. Keep praying for the big one before Xmas...

Originally Posted by TerryTate

Okay lets all post at once....

Yep. Four posts within 2 minutes - all with the same info. Me thinks someone wants to be first with the eventual good news.