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

Originally Posted by "GK"

Hmmm, let's see. As of 29 November, total oil sales was $29B. That's about an average of $2.6B per month. So let's say for the entire year of 2006, they made $32B. 30% of $32B is $9.6B. $9.6B divided by 12 = $800M per month that they're going to distribute to the Iraqis. At the current exchange rate of 1424/USD, $800M is worth 1,139,200,000,000 IQD per month that they're going to distribute. They're going to flood Iraq with IQDs at that rate, they're going to need the printing presses running. They're going to supply over 12T IQD in a year, that took them almost 3 years to circulate. Not gonna happen.

Let's continue. 1,139,200,000,000 IQD/month divided by 27,000,000 Iraqis is about 42,192 IQD per Iraqi. 42,192 IQD divided by 1424 = $29.62 per month. Ha! Hardly worth the effort.

Not sure if site is slow, or if its my end. Take care all. Save a spot for me to post when ( LOL ) this puppy RV's tonight.

Gloribee

Baghdad-12-6 : 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. 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).

الرافدينRafidain
www.alrafidayn.comWww.alrafidayn.com

Originally Posted by "GK"

Let's continue. 1,139,200,000,000 IQD/month divided by 27,000,000 Iraqis is about 42,192 IQD per Iraqi. 42,192 IQD divided by 1424 = $29.62 per month. Ha! Hardly worth the effort.

If they dealt with "logic" it would have revalued already!

These are not logical folk; their money is under-valued and that is all they need to know; they population has been decreasing which have some say in the GNP, GDP, LMNOP, etc...Therefore, there are less folks to be dividing into that big number you got there "GK". So when the RV happens and it will be soon, not knowing an exact date, because that would be too logical, we just throw that RV number out there and let the "bean counters" finger the rest of the story!

Just RV the sucker and they can be like Jordan!

Originally Posted by ilj

Baghdad-12-6 : 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. 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).

الرافدينRafidain
www.alrafidayn.comWww.alrafidayn.com

Great Posted Article.

[QUOTE=shotgunsusie;145868]

Originally Posted by dorrel

so this is what you think the isx stock will be priced at when they open with a new value to the world???

this report was made by congressmen in the usa, im not real sure how influencial they are with the iraqi govt. but i suspect the iraqi govt. will raise the rate to what they damn well want and not what is suggested by some other country.

The panel said the Central Bank of Iraq should raise interest rates to 20 percent from the current benchmark of 16 percent and strengthen the dinar 10 percent to stem the rise in prices. The report recommended central control and distribution of oil revenue and suggested the Iraqi government allow domestic prices for refined petroleum products to rise.

Let's see, if my math is correct 10% of 1426 is 142.6 dinars per dollar improvement. Now we're talking about significant leaps in value.

SHE'S WARMING UP BACKSTAGE...

Originally Posted by neno

Originally Posted by cigarman
Here's one for you, Next years budget is 42 billion dollars ( 59 trillion dinars ), how can they do that with only 20 trillion dinars printed? Answer, they can't!!!
THIS BABY IS GOING TO HIT BIG!!!!

Are we sure on this budget amount??

Is there a link?

Can we get some of you mathematicians to verify??

Great find Cigar!

This could be HUGE IMO!!

Even has an old yellow Ford.

[QUOTE=boomcreek;145981]

Originally Posted by shotgunsusie

The panel said the Central Bank of Iraq should raise interest rates to 20 percent from the current benchmark of 16 percent and strengthen the dinar 10 percent to stem the rise in prices. The report recommended central control and distribution of oil revenue and suggested the Iraqi government allow domestic prices for refined petroleum products to rise.

Let's see, if my math is correct 10% of 1426 is 142.6 dinars per dollar improvement. Now we're talking about significant leaps in value.

I don't think that's correct Boom. I think you would take the 1426 and subtract the 142.6. That's 1284 in my head. I don't have much schooling. Am I wrong in this line of thinking?? Anyone?


Oh I think now re-reading your post that that is what you were saying......My bad>