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

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 ...

WOOOOOOOOOOOOOT!

Originally Posted by Dinar-Excited

WOW!!!!!!!

OMG I can not believe the amount of news and articles and statements that are coming out for the last couple of days. I am trying not to get too excited but they are definitely preparing for something.

This deserves a you know what!!!!!!

KITTY WIGGLE!!!!!!!!

Dinar-Excited

Wiggle, Wiggle, Wiggle. I'm to old, so I'll just let you do it for me if you don't mind?!

Originally Posted by CharmedPiper

IRAQI officials are near agreement on a national oil law that would give the central government the power TO DISTRIBUTE current and future oil revenues to the provinces or regions, based on their population.

OKay here is another thought to ponder......

Question: What currency is this "distribution of revenues" going to be in? In other words would the Iraqi government use the Iraqi dinar, the US dollar, or Picpay to pay their citizens? I would imagine that they are going to use the Iraqi dinar right? After all that is the currency of their country. Now can you imagine the amounts of Iraqi dinar that they would have to hand (or have on hand) out to justify payments for the oil revenues? Lets say that each Iraqi gets $20 (it would probably be ALOT MORE) a month for the oil revenues. Since the Iraqi population is around 26,700,700 How much Iraqi dinar would it take?


1424 X 20= 28,480 dinar

28,480 X 26,700,000= 760,416,000,000 dinar per month...

How many here think this is VERY UNREALISTIC? But IF the dinar was on par with the US dollar THIS WOULD MAKE THE IRAQI DINAR MORE EASILY CONVERTIBLE! than dealing with the vast amount of exchanging plus the amount of dinar that would be circulating just in Iraq alone.

Originally Posted by ronbo

Wiggle, Wiggle, Wiggle. I'm to old, so I'll just let you do it for me if you don't mind?!

I will be happy too but I think we can get a wiggle out of you at the RV party.

KITTY WIGGLE!!!!!!

Dinar-Excited

Originally Posted by mike brown

how come kuwait dinar didn't go down nearly as far as iraq in 2003 when new currency came out?

it was their same old currency first of all... second of all they didnt have an insurgency to contend with. Reasons along those lines...

These were posted on the Iraqi Presidential page.

Iraqi Presidency

December 9, 2006


The inner pages
1-Trade to develop a follow-up details of the ration card.
2-Nasiriyah municipality implemented a number of projects within the plan for the development of the regions.
3-establishment of the Agricultural Research Laboratory in Karbala cost of 600 million dinars.
4-Japan decided to extend the functions of Air Self-Defense Forces in Iraq.

5-an extended meeting of the political leaders of Iraqis with Khalilzad on finding ways to address the current situation in the country.

Has anyone seen any articles about the Compact for Iraq that is supposed to be formalized this week? I haven't seen anything on it.

Originally Posted by CharmedPiper

WHERE'S THE WOOOOOOTS!!!!! COME ON PEOPLE.......OUR DINAR ARE ABOUT TO BE SWIMMING IN OIL!!!!!

WOOO$$$OOT WOOO$$$OOT WOOO$$$OOT

SignOnSanDiego.com > In Iraq -- Iraqi measure to resolve question of oil wealth distribution nears completion

By Bushra Juhi
ASSOCIATED PRESS

5:31 a.m. December 9, 2006

Oil Ministry Spokesman Assem Jihad said the government hoped that the oil legislation would encourage foreign investment in the oil sector, which has struggled since the imposition of sweeping U.N. sanctions on Iraq following its 1990 invasion of Kuwait. The measure must be approved by the Cabinet and parliament.

Originally Posted by Pippyman

OKay here is another thought to ponder......

Question: What currency is this "distribution of revenues" going to be in? In other words would the Iraqi government use the Iraqi dinar, the US dollar, or Picpay to pay their citizens? I would imagine that they are going to use the Iraqi dinar right? After all that is the currency of their country. Now can you imagine the amounts of Iraqi dinar that they would have to hand (or have on hand) out to justify payments for the oil revenues? Lets say that each Iraqi gets $20 (it would probably be ALOT MORE) a month for the oil revenues. Since the Iraqi population is around 26,700,700 How much Iraqi dinar would it take?


1424 X 20= 28,480 dinar

28,480 X 26,700,000= 760,416,000,000 dinar per month...

How many here think this is VERY UNREALISTIC? But IF the dinar was on par with the US dollar THIS WOULD MAKE THE IRAQI DINAR MORE EASILY CONVERTIBLE! than dealing with the vast amount of exchanging plus the amount of dinar that would be circulating just in Iraq alone.

Well, maybe CP can dig up the article, but I believe one of there goals is avoid dollarization. Which IMO means they want to use their own currency