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

Originally Posted by Pippyman

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

Agreed but the US won't leave without a reval. They won't leave without something to show for this War, plus they need to pay for it..........

Was watching the news last night and they showed training up soldiers for the Iraqi army. What they went on to say was 'are they training up potential/future Sunni/Shiite insurgents who will desert the army?'......

Whatever happens there will always be fighting over there, been going on for centuries.

I know it's good to see the dinar rate move albeit in chunks of 1's and 2's but such minuscule decrements seem pointless given the enormity of the situation in Iraq and what is required of them in order to get the economic progress train moving in the right direction. We all seem to know what needs to be done. Despite numerous statements on economic recovery and that the dinar needs to return to former rates or in line with neighbouring countries, it appears that there must be something else in the background that is allowing the powers that be to drag their heels on this and stick to insignificant decrements. What could be stopping them from making a huge change to the exchange rate rather than pitiful 1's and 2's every time they have an auction? Is there more to this than meets the eye? Can the Rolclub wise people try to decipher the delays and the reasoning behind such minute changes in the exchange rate?

Thanks.

Goooooooooooooood Morning Future Millionaires !!

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


Now that's what I'm talkin' about !!!

The price of the dinar to the dollar is down 3 more points today from 1429 to 1426 and another $13,852,000 (net) worth of dinars, (19,752,952,000) out of circulation with 9 banks participating. That puts our grand total of dinars withdrawn from circulation as of the 21st auction since the beginning of CBI's reval plan to: 1,104,921,667,000.
We are now 36 days into the CBI's reval plan.

See what happens when they put a little more incentive into their daily reduction. Just think what they could do if they reduced it by 10 points. One more auction this week, can't wait to see what happens tomorrow. Just remember all my fellow millionaires in training, WE ARE ONE DAY CLOSER TO INDEPENDENCE DAY !!!

Originally Posted by postcon

I know it's good to see the dinar rate move albeit in chunks of 1's and 2's but such minuscule decrements seem pointless given the enormity of the situation in Iraq and what is required of them in order to get the economic progress train moving in the right direction. We all seem to know what needs to be done. Despite numerous statements on economic recovery and that the dinar needs to return to former rates or in line with neighbouring countries, it appears that there must be something else in the background that is allowing the powers that be to drag their heels on this and stick to insignificant decrements. What could be stopping them from making a huge change to the exchange rate rather than pitiful 1's and 2's every time they have an auction? Is there more to this than meets the eye? Can the Rolclub wise people try to decipher the delays and the reasoning behind such minute changes in the exchange rate?

Thanks.

Quite possible they're waiting for the oil law before revaluing which is still possible before the 15th. Either way, they're just buying time, as you say these small drops are a waste of time really.

The Iraqis and Shabibi have no choice but to revalue.

ÌÑíÏÉ ÇáÕÈÇÍ - ÊæÒíÚ 30% ãä ÚÇÆÏÇÊ ÇáäÝØ Èíä ÇáãæÇØäíä ÔåÑíÇ
Political first : the distribution of 30% of the oil revenues between the citizens month
Deprived of criminals, spies and emigrants abroad
Baghdad-Sabah
A number of members of the House of fueling bill commits the government to distribute 30% of the oil revenues between the citizens month. The deputy said the consensus Noureddine Hayali told (morning) : The principles of the project are NOW under discussion will be circulated with the Minister of Planning to Papan and chairman of the Economic Committee of the Council, Dr.Haidar Abbadi. Hayali believes it is possible to present the draft to the parliament for approval before the end of this year. Economists estimated proceeds of Iraqi oil annually, including more than thirty billion dollars or ten billion dollars distribute them among citizens in the form of monthly salaries. The price of a barrel of oil is 60 dollars, It was increased to 70 dollars in the past months, while observers speculate is likely to increase prices due to the prevention of some OPEC countries to increase production and thus reduce vulnerable in the market. The law aims to notice their ill citizens, which should be preserved by all of the waste and theft and that benefit them directly. He says : Hayali that law citizens will be divided into three different categories of shares : the first category of birth until six years ago, second : from 7 to 18 years. three of the 19 and over. He explained that the law would shroud the cash portion who earns more than 1 million dinars (WHY?). It also deprives them involved crimes against honor, such as drug trafficking and abuse, and adultery, as well as espionage, Each felony owner holding more than five years. He said : The law also deprive the Iraqi who migrate abroad. It is likely to amend the House in some of these barriers, or add to them, however, said Followers : as a whole the factors helping to suit the society and the restoration of cohesion and unity. Al (morning) that a large number of deputies he welcomed this project is to be paid to Andhajeh and developed and put to the Council. The previous references officials commented on the need for citizens to feel the benefits of its oil wealth Mb the Bulletin, expecting to address the House for this task by the law governing the rights of people. It is hoped that the 2007 budget, the largest budget in the history of Iraq as the $ 40 billion and described the Prime Minister Balanfjarih. While citizens were pleased with the promises of the government to improve their living conditions, which appeared signals in the new salary scale and the pension law, which published (morning) yesterday and the day before yesterday owned and looking at the oil quotas (Probably to be true).

so how can they do all of this with the dinar worth 1426???

Adster, it's good to see that young face again. I was getting tired of that old guy in the corner. I think the Mrs. likes this new guy better too !!

Originally Posted by Socata 850

Goooooooooooooood Morning Future Millionaires !!

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


Now that's what I'm talkin' about. !!!

The price of the dinar to the dollar is down 3 more points today from 1429 to 1426 and another $13,852,000 (net) worth of dinars, (19,752,952,000) out of circulation with 9 banks participating. That puts our grand total of dinars withdrawn from circulation as of the 21st auction since the beginning of CBI's reval plan to: 1,104,921,667,000.
We are now 36 days into the CBI's reval plan.

See what happens when they put a little more incentive into their daily reduction. Just think what they could do if they reduced it by 10 points. One more auction this week, can't wait to see what happens tomorrow. Just remember all my fellow millionaires in training, WE ARE ONE DAY CLOSER TO INDEPENDENCE DAY !!!

Morning, got my news heading back to the sack. Nice drop in the dinar though.

About Time you got up Michael16. I was wondering if I had to call Michael16.5 to get you out of bed !!

Originally Posted by Socata 850

Adster, it's good to see that young face again. I was getting tired of that old guy in the corner. I think the Mrs. likes this new guy better too !!

Thanks matey, this is me 18 months ago and the other one is me now with the stresses of this investment, LOL.

Originally Posted by Socata 850

Goooooooooooooood Morning Future Millionaires !!

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


Now that's what I'm talkin' about. !!!

The price of the dinar to the dollar is down 3 more points today from 1429 to 1426 and another $13,852,000 (net) worth of dinars, (19,752,952,000) out of circulation with 9 banks participating. That puts our grand total of dinars withdrawn from circulation as of the 21st auction since the beginning of CBI's reval plan to: 1,104,921,667,000.
We are now 36 days into the CBI's reval plan.

See what happens when they put a little more incentive into their daily reduction. Just think what they could do if they reduced it by 10 points. One more auction this week, can't wait to see what happens tomorrow. Just remember all my fellow millionaires in training, WE ARE ONE DAY CLOSER TO INDEPENDENCE DAY !!!

Hello everyone. According to these numbers, we are over 1.1 Trillion dinar out of the economy. A monumental move by the CBI that few countries in the world can make. Just goes to show how much money these people really have. A small increase in the rate of exchnage, another 14 Million USD out (approx) and few banks participating. Limiting supply, increasing the rate. Eventually increasing demand. A formula for success. Since this is the 4th auction this week, we probably can expect another similiar one in the am. But, this is not a situation that can go on forever. As we have said many times, there is a fixed amount to pull out and eventually market forces will take over and they (CBI) will have to pay more for the dinar. For those of us who have watched this over years, it is finally exciting to see a process unfold. Life is good and going to get a lot better. Let take every dinar out that they can. Its all good for us. Even if it takes a little more time. But taking these amounts of dinar out on a daily basis might sound small, over a period of time your talking about a lot of money being removed. Thank you for your comments and PMs. Have a good day and we'll see about our next auction and later this month. Thank You.