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

Originally Posted by Inscrutable

It's actually things like this that give naysayers ammo when something doesn't happen along an assumed timeline. Now, if nothing happens by the end of December you have to deal with naysayers throwing this up in your face. Not directed only at you JSF but we should just leave the mud in the face and naysayer terms at the door as it will prevent alot of non-sense from arising.

I'm just saying this as a general statement and don't intend to get into a bitter battle with anyone, yay or nay as I appreciate all your views.

Now let's get this party stated into the wee hours of the CBI activity.

Naysayers.... what is Naysayers.... I didnt think we had naysayers on Rolclub. The dinar is gonna reval and we are gonna make a profit.......now lets wait till the 15th, that is Rolclubs next target......if it dont happen then we need another date or i will go insane........

Originally Posted by $onedaysoon$

Iraq central bank boosts the country's currency in a battle against inflation

Iraq's dinar currency has risen to a nearly two-year high against the U.S. dollar, thanks to trading by the central bank at its daily auction, the bank said Thursday.

Noozz.com | IRAQ

Iraq central bank boosts the country's currency in a battle against inflation - Africa & Middle East - International Herald Tribune
here it is in full form.

Originally Posted by danny51

If the dinar becomes worth $.04 USD...I will be a millionaire...so there!!

Exactly, it is simple Math.
If you have enough dinar times the increased rate, you can have a million dollars or more.

Originally Posted by ozizoz

This time of year can be a drain on everyone . . .and I have come to believe that all driving laws are null and void within 1000 feet of a Starbucks . . .atleast here in Loz Angelez. Its been a long time since we had a good road rage shooting on the news, but we are way overdue just by looking at the world circling around me.

I am planning to spend atleast a million dollars on other people before I spend a dime on myself. I have a symbolic debt to repay my parents who brought me into this world and helped me so much along the way . . . Im going to pay off my brother's new house (cause I havent told him about this crazy scheme and Im not planning to) and set up college funds for my nephew and neice. I am going to light up a Hula Girl Cigar Vanilla Macademia Nut Cigar and just simply try to find the parts of me that died out along the way.

Knowing many many folks here, I am not alone in knowing that this will help millions of people here and abroad who havent even been on the rollercoaster with us . . .thats in our nature, to help those who need helping . . .including ourselves. This is a precious gift and awesome responsibilty we will all receive and each of us owes those who have fallen, troops and civilians, and the Iraqis themselves, to live the best life we can in their honor. This gift has been paid for in blood and I will never, EVER, take that for granted. With each new sunrise and sunset I see until I see no more, I will be humble

Ozzy, that is a lovely post......we are almost there... I know we will get there in the end we just have to be patient.. we are closer than we have ever been.....all the signs are positive....just remember we will all be very fortunate if this comes off and I will have more fun in giving to others and thats how it should be.....

Originally Posted by TerryTate

Yep. Of all of the things that are within the control of the CBI wouldn't the total amount of dinar printed seem to be the most obvious thing that they could control? How many of the naysayers think that the CBI was just printing an amount of money on a whim? No way was the amount printed a coincidence. Of course they projected how much could be distributed. Every time the government (U.S.) does something it is by a plan, and if the original plan isn't working, they implement the backup plan. If that plan isn't working they implement the backup of the backup plan. Despite what the press is portraying this current situation is by design.

I mean take the appointment of Robert Gates as Defense Secretary. How many of you are familiar with Gates background? Are you aware that he is a longtime insider of the Bush family. He goes back to the early days of Ronald Reagan. Gates was a young CIA man that helped Reagan/Bush win the White House through negotiations with the Iranians during the Iran Hostage Crisis. By the late 1980's Gates was the youngest CIA director ever appointed. And now here he pops up as the kindly old Texas A&M school president appointed to the Iraq Study Group, that is so highly touted by the Dems. The Dems are practically falling all over themselves to appoint him as Defense Secretary to replace the evil Rumsfeld, as Rummy is screwing up the war and we gotta get out as fast as possible. But what is Gates saying during his confirmation process? Why, we gotta increase the troops and stay, not decrease and leave. Say what, thought the Dems wanted to leave??? And what does the Iraqi Study Group say, "we need permanent American bases in Iraq". Say What??? Thought we were leaving. Now I am not saying that I am for leaving, but what I am trying to point out here is that this is an example of orchestrated government manuever (by both Republicans and Democrats). Its the case of "say one thing in the press and do another thing in reality". They have a plan, this is all a rehearsed play for them. So, how does this apply to the dinar?

Its that I am sure that they also knew exactly how much Dinar the CBI could let go abroad and how much they wanted to keep in Iraq. Sure, some of it has been smuggled, but don't you think that they know how much they have available in country? That would tell them approximately how much is abroad. With that information they know how strong the dinar is. Hell, with the relationships that they have with the U.S., Asia's and Europe's banks I would not be surprised if they have a pretty good idea how much Dinar they could get outside of their own country. So, it appears that they definitely have a plan. I just wish I knew the plan damnit. Got any more crumbs or straws to grasp at Susie?

Please sir may I have another? (said in best Tiny Tim voice to the puppet*******)

Alright I will put away Mr. Angry again. Sorry for the

Every single word of this Post. I too have listen and thought this about the Election as well as the Confirmation. Really appreciate this post TerryTate. IMHO, WELL STATED AND VERY WELL SEEN!!!!

Saturday, December 09, 2006

More money to the people.
According to a recent paper published last November by Dow Jones (don't have a link, read a summary on paper) after the world economic forum in the dead sea, Iraq's income from oil exports for this year was at 35 billion dollars with a 14.3% increase from last year's total.

And that if oil export levels retain the current level and under stable prices, the coming year will witness a record income that was never reached in the history of modern Iraq and revenues will jump up to 40 billion dollars; a huge figure given the humble plans of the government and a figure that will put the government in a position where it must come up with new and ambitious plans to match the new revenue figures.

In fact and from what can be read in papers and heard from official statements it seems most government departments failed to spend the funds allocated by the government for those departments to execute their projects.
That's not because of security challenges only since there are several regions in the country that are relatively stable and where work can be done but more because of bureaucracy and corruption that make it extremely difficult to implement plans and make sure the money is spent in the right direction.

I think this was what pushed the government to announce a number of new measures to cope with the condition, perhaps the easiest measure to come up with was to announce plans for massive raises for civil servants; according to al-Sabah the raise will be as high as 60% of current payments in some cases, especially to those with lower incomes.

Another announcement followed soon, yesterday al-Sabah brought the news that the parliament is discussing a suggestion to set aside 30% of oil sales income to distribute among the citizens of Iraq. The draft law sets 3 classes of payments according to age and subsequent needs and responsibilities; from one month to 6 years, from 6 to 18 years and the third one 19 years and older.
People who migrated from Iraq, those with salaries higher that 1 million dinars/month and convicted criminals will be excluded from the payment program, the report added.

The people here met the news with some delight, hope and some skepticism too although the announcement came through the government's paper.

If this plan comes to materialize I think it can reflect positively on the security situation to some extent. The economy is part of the problem and also part of the solution and the government should move forward with reforms that involve economy and infrastructure as well as, of course and above all, security.
I personally like the idea of distributing the money directly among the population because I believe the people are more capable of making good use of that money than the government and instead of having billions lost to corruption and mismanagement that money will be used to revive the market and reduce the government's control over the economy. Plus, it will give people the sense that they do have an actual and visible share of their country's riches.


The private sector in Iraq had witnessed giant leaps immediately after the fall of Saddam; that could be seen in the form of the thousands of private businesses that were established in the course of the past three years and that had a direct positive effect on the standards of living after long years of deprivation.
It's worth mentioning that between 1946 and the beginning of 2003 a total of 8374 businesses were registered while between April 2003 and the end of 2005 more than 20,000 have been registered. During last month alone 286 new businesses were added.
Such statistics seem quite extraordinary under the current security situation which sadly continues to overshadow and limits further improvement of this aspect of life in Iraq.

On the other hand, the exchange rate of the Iraqi dinar improved significantly in the past few weeks and is now at 1410/$1 instead of 1480/1$ in early November. I am no economy expert but this looks like a good sign; it improves the purchase ability of people who get paid in dinar, which is the vast majority of course and at the same time it serves to reassure the people of the value of the national currency.

Let's imagine if the government intensifies its efforts in this direction and takes some candid and well-studied steps to offer a convenient environment for business and investment particularly in Baghdad, the heart of the country's economy. A lot of progress can be made, especially that the foreign investment law has been instated and approved which by the way looks like a good paper. This economic activity can move Iraq forward in a matter of few years and the country can catch up with what it missed.
The potential is huge; a stable climate is the key to unleash that potential.





Found this on "Iraq the Model" and found it an interesting read.

Originally Posted by day dreamer

partial quote from rvalreadydang

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 law of retirement yesterday and the day before yesterday, will be identified by looking at the oil quotas.







Explain this Please!!!

if you look back in al sabaah archive there are articles listed which are talking about the retirement law but each and every one of them mentions the raising of the rate of the dinar. we were under the assumption that these two things were tied together because of this. i feel like if they were talking and settling on the investment law that the revalue has been decided on and passed.

Originally Posted by ozizoz

This time of year can be a drain on everyone . . .and I have come to believe that all driving laws are null and void within 1000 feet of a Starbucks . . .atleast here in Loz Angelez. Its been a long time since we had a good road rage shooting on the news, but we are way overdue just by looking at the world circling around me.

I am planning to spend atleast a million dollars on other people before I spend a dime on myself. I have a symbolic debt to repay my parents who brought me into this world and helped me so much along the way . . . Im going to pay off my brother's new house (cause I havent told him about this crazy scheme and Im not planning to) and set up college funds for my nephew and neice. I am going to light up a Hula Girl Cigar Vanilla Macademia Nut Cigar and just simply try to find the parts of me that died out along the way.

Knowing many many folks here, I am not alone in knowing that this will help millions of people here and abroad who havent even been on the rollercoaster with us . . .thats in our nature, to help those who need helping . . .including ourselves. This is a precious gift and awesome responsibilty we will all receive and each of us owes those who have fallen, troops and civilians, and the Iraqis themselves, to live the best life we can in their honor. This gift has been paid for in blood and I will never, EVER, take that for granted. With each new sunrise and sunset I see until I see no more, I will be humble

Ive been giving some thought to the charity donation aspect of new wealth... and have come to the conclusion that as much as I want to help anyone i see that is in true need, what really needs to happen is that i need to set up a self sustaining budget with the windfall first, and allocate a charity fund from that. This way, i will be able to GIVE MORE over the long haul, instead of blowing too much of my charity wad at the outset.
JMHO, commence bashing.

Originally Posted by Pippyman

Ok this is just a thought...

For those who say that this currency could never go up to a level of 1:1 with the US dollar. I think the biggest thing to disprove this notion is this.
We already have them saying that they want to bring the currency up to previous levels. That is a fact. We have them saying that they are not planning on changing the currency. The problem I have with the naysayers is this. If the Iraqi banking officials thought that there was TOO MUCH dinar in circulation then I believe that they would have had NEW CURRENCY printed up and done away with the current currency by now. To me this tells me that the Iraqi banking officials believe that they can use the current currency to bring the dinar up to previous levels of value. In fact this just proves it. They are going to use the current paper in circulation NOT print new. We know this. We may not know HOW or WHEN but we know they want to bring it to par with previous levels and obviously are going to use the current currency. Until someone can prove or show me that they are printing new paper money to replace the dinar then obviously the Iraqi officials, IMF, World Bank, US think tanks DID NOT MISCALCULATE THE AMOUNT OF DINAR TO PRINT AND HAVE AVAILIBLE IN CIRCULATION. Because that is what the naysayers biggest argument essentially is. That the IMF, World Bank, and US officials MISCALCULATED THE AMOUNT OF DINARS TO PRINT. I highly doubt it.....

I guess these 5 BILLION Dinars are fake too.

Originally Posted by CharmedPiper

It looks like they did a lot of work on Friday (their holy day).....!

Five billion dinars designs for the modernization of cities in Wasit

Kut / Justice : media source said in Wasit governorate yesterday, Friday, that amount has been allocated five billion dinars to modernize the basic designs of the five districts in the province. He said Mr. Thamer Al Information Section of the Office of preserving News Agency (Voices of Iraq) Independent Wasit governorate has allocated five billion dinars to modernize the basic designs of the five districts in the province, is the district center of Kut province and has been allocated one billion dinars, and the amount of 750 million dinars each of the districts of Aziziyah and Suwayrah, neighborhood and the Nu. " He pointed out that these projects in the phase of a reference to companies and advisory centers specialized planning cities according to sizes, designs and new development of civilization, noting that the designs have become old and does not meet the growth and development-handed. He said that modernization will be in accordance with long-term strategies, without mentioning specific periods for the completion of the modernization process. It should be noted that most cities in Iraq, including the cities of Wasit governorate has suffered from severe bottlenecks because of bad designs prepared in the past, which does not observe the growth and density of population and expansion of infrastructure projects.


Translated version of http://www.aladala.net/home/index.php

Wow, you know, after the r/v this is going to be real money that each of these 5 Districts will have.

Originally Posted by CharmedPiper

Anybody got a woot for the trend I see here!!!!!WOOOOOOOOOOOOT!

Wall Street Journal (subscription), NY - 18 hours ago
AP. BAGHDAD, Iraq -- Iraq's dinar has risen to a nearly two-year high against the US dollar, as the nation's central bank tries to ..

ChronicleHerald.ca, Canada - 4 hours ago
BAGHDAD, Iraq (AP) — Iraq’s dinar currency has risen to a nearly two-year high against the US dollar, as the nation’s central bank tries to fend off ...

Canadian Business, Canada - 18 hours ago
Iraq Central Bank Buys Up Currency to Fight Inflation; Dinar at 2-Year High Vs. Dollar. BAGHDAD, Iraq (AP) - Iraq's dinar currency ...

FXstreet.com The Futures Market, Spain - 13 hours ago
On Thursday, the last day of the work week in Baghdad, the central bank led the way at its daily currency auction, which saw 25 million US dollars sold by ...

International Herald Tribune, France - Dec 7, 2006
AP. BAGHDAD, Iraq: Iraq's dinar currency has risen to a nearly two-year high against the US dollar, thanks to trading by the central ...

Houston Chronicle, United States - 19 hours ago
By THOMAS WAGNER AP Writer. © 2006 AP. BAGHDAD, Iraq — Iraq's dinar currency has risen to a nearly two-year high against the US ...

When I finally got on Board. OffShore-Wealth told me it will be Crazier as we go. Boy, did he not ever Lie. This is wild as now the whole world is getting informed of the rise.