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

Originally Posted by Trapper t

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

Wasn't having a go at you Trapper.

Originally Posted by postcon

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 -----

Same trend for 3 days running, dollars going back to the banks and the rate dropping/getting strionger for us. Gotta wonder how long this will continue for. Sooner rahter than later they NEED to make one big step.

Originally Posted by bluepacific

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

Can hear Portugal and citizenship calling. Have heard Cyprus is good too, 8% taxes, drive on the left, endless kebabs, plug sockets the same, 300 days of sun oh and cold cheap beer!!!! Just need to convince Mrs A, she went there 4 years ago without me and hated it, lol.

Originally Posted by Adster

Can hear Portugal and citizenship calling. Have heard Cyprus is good too, 8% taxes, drive on the left, endless kebabs, plug sockets the same, 300 days of sun oh and cold cheap beer!!!! Just need to convince Mrs A, she went there 4 years ago without me and hated it, lol.

Well mate, the only reason why she hated it was because you wasnt there with her! Its obvious!

Cyprus is a great country!

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.

Two thumbs WAY UP Adster!!

Originally Posted by Raditz

Well mate, the only reason why she hated it was because you wasnt there with her! Its obvious!

Cyprus is a great country!

Think it was more cos she went with her mother Raddy, LMAO!!!!

I've been there and did enjoy it, dirt cheap, especially property, beer and kebabs.

Originally Posted by Adster

Can hear Portugal and citizenship calling. Have heard Cyprus is good too, 8% taxes, drive on the left, endless kebabs, plug sockets the same, 300 days of sun oh and cold cheap beer!!!! Just need to convince Mrs A, she went there 4 years ago without me and hated it, lol.

So can I.
I need company as well when I try it.
Roll on R/V

Interesting video here from CNN. It speaks of polls conducted by the Iraqi govt with the Iraqi people. They are saying alot of what we have been saying on here. Jobs and a strong economy would help. They also state that they would feel safer when US forces leave. That is what I have said also. That I think the violence would go down when the US forces exit Iraq. They dont want us there.


Iraqi Polls show Iraqis would feel safer without US forces

Originally Posted by lucky12

So can I.
I need company as well when I try it.
Roll on R/V

Found yourself a buddy lucky, there a few Brits already looking to bugger off after reval one day. Can see it now, we'll have our own dinar community in the sun, lol.

Best dust off those golf clubs!!!

Originally Posted by webinvestor

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

Four is better than none