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

Originally Posted by mustang sally

I am a minimal poster and never a commentator, but it seems to me Iraq is moving into high gear, considering their usual snail pace, to get things done before these meetings next week. I have to believe we are getting ready for the gun to go off at the starting gate! I believe-my humble opinion- we will see the hydrocarbon law pass before these meetings...

SGS-does Johnny get to give me a prize too???

almost but not quite. i didnt see it go before parliament until thursday, at which time they had an article that said no quorum for 3 x now and the next one would be saturday. yesterday was saturday for them and they did indeed work, it wasnt their sabbath, thats on friday. IF they got that law in there and read saturday great, we got a lag day sunday, they read again monday, lag day tuesday, and they are ready to vote wednesday. that would be the 13th and the iamb would be done but there are alot of other things happening this week too.

Originally Posted by Dinar-Excited

I think Cyberkhan has explained it perfectly why using other currency's is not realistic if they want to be a free market with a stable economy.



Also why would they have gone through 3 years working with the World Bank and IMF not to RV their money and become a free market with a strong currency. It seems like it would have been a lot of hard work for them to turn around and use other Country's currency. Also why buy back as much Dinar to remove it from circulation it they did not intend to use the currency. They will RV and peg in my opinion and soon. This is not a rumor just my opinion based on facts articles and studying economy and pegging and floating and pegging to a basket of currency's that I have lately done a lot of research on.

Dinar-Excited

yeah, what D.E. said!!!

Almost 3 years ago....

"A series of GDP estimates in current US dollars for all the Arab countries including Iraq are published in the authoritative annual Arab Unified Economic Report prepared and edited by the Arab League, Arab Fund for Economic and Social Development and the Arab Monetary Fund."

"This report shows Iraq's GDP for 2001 at $81 billion, the third highest after Saudi Arabia and Egypt. These figures are based on official foreign exchange rate when converting GDP value of non-oil sectors from Iraqi dinars to US dollars."

"If the market rate of 2,500 dinars to the dollar were used, Iraq's GDP figure would not exceed $15 billion, and the country's total GDP this year would be in the range of $25 billion."

Originally Posted by Dinar-Excited

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

KITTY WIGGLE!!!!!!

Dinar-Excited

I can't even get my bannanas to dance, much less me wiggling!

Originally Posted by shotgunsusie

almost but not quite. i didnt see it go before parliament until thursday, at which time they had an article that said no quorum for 3 x now and the next one would be saturday. yesterday was saturday for them and they did indeed work, it wasnt their sabbath, thats on friday. IF they got that law in there and read saturday great, we got a lag day sunday, they read again monday, lag day tuesday, and they are ready to vote wednesday. that would be the 13th and the iamb would be done but there are alot of other things happening this week too.

It's a Long Way to the Top if ya wanna Rock and Roll!!!

Originally Posted by neno

Gang, you all Know, what this means. Sounds like it will adventually, if not very soon, have to be at least even to the Dollar. That is the only way, I would hang on to them. Why would they say this if the dinar was not going to be worth more? Great Article Posted CP.

When you put it that way we need a great big WOOOOOOOTTT!!
Sounds good to me.

Originally Posted by danny51

Hey Terry, Bill Clinton WAS IMPEACHED and went through the whole process!! The senate did not find him guilty by a two thirds vote but he still was one of the only 3 US Presidents that were ever impeached. Impeachment is not the end result...it is the process.

Yes Danny, I get the point. Sorry I left out CONVICTED AND REMOVED FROM OFFICE during his impeachment. Thought that would be implied..... My deepest apologies.

Originally Posted by CharmedPiper

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

I JUST GOT HERE!!!!
WOoTTTTT!!!!!!

from Dinar-Excited; I have my MOJO back!!!!!!

You got enough that I could borrow just a wee bit?

Originally Posted by AlwaysDreaming

I just called 4 different Chase Branches here in the Phoenix area and I have been told by all that they will not sell dinar anymore. Apparently there is no real reason. One office told me that they were never suppose to have sold them in the first place and the order not to sell them anymore was government issued. He said if I had some I was lucky. I also asked about cashing them in and after being on hold for him to get a definate answer, I was told that I could not sell them back even if I purchased the dinars from there. Anyone being told this too?

At my branch Bank of America in Phoenix, asked woman "greeter" I'd never seen before about the NID (have several accounts for many years at this branch) and she said "this is a 'blocked' country and we don't sell/buy their currency" I asked is the branch manager was in...turns out SHE was the bank manager and when I asked her what she meant by "blocked", she hemmed around and said that they just don't get involved with "middle east" currency. I asked if she'd be surprised to know that BofA had been selling NID to Chase to sell to their customers and asked if she would mind checking with their NY office. She stated they got their foreign currency out of San Francisco and reiterated that they 'just don't get involved with middle east 'blocked' currency" I smiled and said she might want to check into this further, that the news would be 'eye-popping' within the next few weeks and I wished her good day. She was gracious but honestly had no clue...Can't wait til this re-vals. I sure hope this info about Chase means that they have temporarily run out of dinar to sell AND that there is confusion about buying back because market indications are that a substantial re-val is imminent!