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

Originally Posted by TerryTate

Now that would be some interesting math if they were to say 1000 Iraqi Dinars to 1 U.S. Dollar was the same as the Kuwaiti or Saudi rates.... Are they trying to say an Iraqi Dinar is equal to 1 Kuwaiti Fil? Is it just me or is this writer trying to revisit the zero lop idea from another direction.... Looks like the guy writing this article is grasping at anything negative he can find without understanding the issue at hand. Zzzzzz, Yawn the logic in this article is making me sleepy.

yes, i have noticed that.

The way how I see this article: the dinar holders started cashing in. WHich is what the CBI should look for in order to get some of the dinar on the market back....

...or am I wrong?

Anyways, if this article would be really well thought, I think that it would also talk about the imminent application of the FIL, the companies waiting to do business in Iraq, and also the HCL with only days left until the approval. I think no one can separate the dinar from these two laws.IMO

Could someone who knows more about this dissect this article and eat alive this author? I would appreciate it. It would clear up the clouds for a lot of the dinars investors. Thanks.

Maliki calls the States participating in the International Covenant

(Voice of Iraq) - 12-11-2006
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Maliki calls on States to participate in the International Conference on Iraq, to attend the effective

The Prime Minister Nuri al-Maliki States participating in the International Conference on Iraq, to attend effective.

During his meeting yesterday, Sunday, the ambassadors of the countries participating in the International and the United States, Britain, Japan, Italy, Turkey and Germany as well as representatives of the United Nations, the World Bank and the European Union, in the presence of Deputy Prime Minister Barham Salih and the ministers of planning, finance and State for Foreign Affairs

"The issues to be discussed at the Conference will Tekatasserali economic side only, but will extend to aspects of security, politics and international relations and the issue of national reconciliation."

Pointing out that "Iraq is suffering from the obligations imposed on them by the policies of the previous regime, including debt imposed upon him."
Al-Maliki added that "the participating States to the International consider that the solution to the debt problem in order that Iraq will be able to achieve a decent standard of services," hoping "that the conference process step on the road to helping Iraq and revive its economy."

Originally Posted by TerryTate

Now that would be some interesting math if they were to say 1000 Iraqi Dinars to 1 U.S. Dollar was the same as the Kuwaiti or Saudi rates.... Are they trying to say an Iraqi Dinar is equal to 1 Kuwaiti Fil? Is it just me or is this writer trying to revisit the zero lop idea from another direction.... Looks like the guy writing this article is grasping at anything negative he can find without understanding the issue at hand. Zzzzzz, Yawn the logic in this article is making me sleepy.

Yeah when I read that part about it being the same as Kuwait or Saudi I knew that the writer DOESN'T HAVE A CLUE what he's talking about! But the part about the spectators buying dinar makes me think its time for a R/V baby!

Cheers!
DayDream

Originally Posted by TerryTate

Now that would be some interesting math if they were to say 1000 Iraqi Dinars to 1 U.S. Dollar was the same as the Kuwaiti or Saudi rates.... Are they trying to say an Iraqi Dinar is equal to 1 Kuwaiti Fil? Is it just me or is this writer trying to revisit the zero lop idea from another direction.... Looks like the guy writing this article is grasping at anything negative he can find without understanding the issue at hand. Zzzzzz, Yawn the logic in this article is making me sleepy.

Thanks, I thought I was losing it! Well, don't just stand there - find this guy and we'll buy some Kuwaiti and Saudi money from him!

Another thing - we heard they're producing 2.86 mbpd but articles kept saying 2.5 - now we're hearing 2.2. What is their agenda?


And one more thing (I should have made 3 posts, then I'd graduate to senior!) - have you noticed that they're talking about chemical fertilizers and "improved" seeds solving all the agriculture problems? Have they brainwashed the Iraqis already, or are they just working on it?

Oooohhh! I must have miscounted - I did make senior!

Originally Posted by TerryTate

Now that would be some interesting math if they were to say 1000 Iraqi Dinars to 1 U.S. Dollar was the same as the Kuwaiti or Saudi rates.... Are they trying to say an Iraqi Dinar is equal to 1 Kuwaiti Fil? Is it just me or is this writer trying to revisit the zero lop idea from another direction.... Looks like the guy writing this article is grasping at anything negative he can find without understanding the issue at hand. Zzzzzz, Yawn the logic in this article is making me sleepy.

And however, CBI had a press release a couple days ago stating that the 1000 dinar / $1 rate is NOT their goal. That's what Shabibi said as his response to the press articles publishing that.

Baghdad robbers grab $1 million and run

Baghdad robbers grab $1 million and run - Yahoo! News

24 minutes ago

BAGHDAD (Reuters) - Gunmen wearing Iraqi army uniforms ambushed a security vehicle transporting money to the Central Bank in Baghdad and made off with $1 million in cash on Monday, police and Interior Ministry sources said.
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Four private security guards were kidnapped in the daylight robbery in busy Sadoun Street in central Baghdad in an attack that highlighted the lawlessness gripping the capital.

The security vehicle was transporting money in sacks from a local bank to the Central Bank in nearby Rasheed Street when it was stopped by about 20 gunmen traveling in three vehicles with no license plates, police and Interior Ministry sources said.


Jeez, why do I have to find the bad news? :((

Originally Posted by Jola

Baghdad robbers grab $1 million and run

Baghdad robbers grab $1 million and run - Yahoo! News

24 minutes ago

BAGHDAD (Reuters) - Gunmen wearing Iraqi army uniforms ambushed a security vehicle transporting money to the Central Bank in Baghdad and made off with $1 million in cash on Monday, police and Interior Ministry sources said.
ADVERTISEMENT

Four private security guards were kidnapped in the daylight robbery in busy Sadoun Street in central Baghdad in an attack that highlighted the lawlessness gripping the capital.

The security vehicle was transporting money in sacks from a local bank to the Central Bank in nearby Rasheed Street when it was stopped by about 20 gunmen traveling in three vehicles with no license plates, police and Interior Ministry sources said.


Jeez, why do I have to find the bad news? :((

in my twisted mind i see this as good news, lol they obviously think the money is worth the risk of robbery, maybe they've heard something through the grapevine? Or was that usd they stole,

Originally Posted by rvalreadydang

in my twisted mind i see this as good news, lol they obviously think the money is worth the risk of robbery, maybe they've heard something through the grapevine? Or was that usd they stole,

Does it matter??

It is 1 mil of $$ either way, as far as we know!

Originally Posted by Jola

Does it matter??

It is 1 mil of $$ either way, as far as we know!

It matters, it's either $1 million USD divided by 20 gunmen or $700.00 divided by the 20 which gives them a whooping $35.00 each.

Iraqi Central Bank to lower the rate of the dinar against the dollar Many economists specializing in finance and monetary actions the Iraqi Central Bank to lower the rate of the dinar against the dollar sale an important step on the road to control the volume of inflation.
.They emphasized the importance of raising the interest rate of up to 12% in achieving the goal of curbing inflation would in the short term to stabilize the acceptable price prevailing in the Iraqi market.
.It noted that the (morning) depression, and the upheaval of this action on the stock sale and purchase rates in most of the stores are banking Baghdad must follow this dangerous turn in the capital market in the Iraqi press statements, a number of different Concerned importance of the matter and the enemy of a remarkable step towards reducing inflation and raise the value of Iraqi dinar and reduce prices of goods and services.
ر.When he said Ghalib Baban, Minister of Planning of the benefits of this procedure in Deflator which, he said also : that the Central Bank's decision, which came after extensive study by the stakeholders also aims to encourage holders of capital in addition to citizens in general on saving.
فيه.For his part, Governor of the Central Bank Sinan Shabibi : that the goal of the Central Bank is currently limited in the fight against inflation, which reached about 76% and reduce the height by providing better conditions for economic development and improving the performance of the banking sector and provide stability.
.The Shabibi said that among the reasons inflation is increasing cash in circulation, necessary to follow a new monetary policy aimed at improving the dollar's exchange rate towards reducing its price several points in the auction, organized by the Central Bank every day to sell the dollar to withdraw currency from circulation.
.With the general director of research at the Central Bank of Iraq appearance of Dr. Mohamed Saleh said that the Central Bank is responsible by virtue of Law No. 56 of 2004 to cope with inflation and reducing levels since the form of this principle, the basis for adoption of monetary policy in the performance of their duties, and on this basis should the Central Bank that sets policy priorities, and here we mean monetary policy to combat inflationary activities using the tools available.
.He adds : no benefit to the monetary policy variables and intermediate or intermediate objectives reflect on the relationship between the impact of these variables to reduce the general level of prices and contain inflation. Among these variables of interest rates stabilizing, "long-term" and stabilizing the exchange rate, or investigative, and the levels prevailing exchange, noting that these changes can not control unless it is directly targeted by similar variables and the variables or operational objectives are references or means Acharateh or information be used to influence stability in the cash market.
.Among these references technique interest rate, the Central Bank of Iraq, a price indication would be tantamount compass navigation to influence the behavior of interest rates, as determined by which the Central Bank lends Why? What banks deposited in the Central Bank? Under the control of the volume of cash as it is believed that whatever the confiscation of inflation, in the end, monetary phenomenon, and Accordingly, the priorities are stability to the crisis logical to build and stimulate the economy.
..Illustrates Saleh on this basis inflation is the basis for increasing the speed of money circulation and to abandon them what leads to the weakness of demand monetary and the growing demand for goods and services a matter of counterproductive, and in order to preserve the coherence of demand monetary and maximization its levels order does not turn to the spending strong emphasis on goods and services for the Central Bank, only the use of its tools in the raising the rate of interest to him to catalyze the structure of interest rates and maintaining the coherence of savings and maximization their purchasing power including helps monetary policy in addressing the table elevations high liquidity and contain them within a cash market "banking" turning into bloc cash adrift the direction of goods and services .. the light of Matqdm highlights many of the questions in the forefront Can a Central Bank unit of curbing inflation and control the volume of cash and Majdoi raise the level of interest at the high prices?
.Economists stressed the importance of the oldest in the Iraqi Central Bank of procedures to control the volume of inflation, which reached the high figures exceeded 70% by reducing the price of selling the dollar against the Iraqi dinar and raising the interest rate up to 12% from 10%, which generated a remarkable stability in prices in the markets of Iraq's stagnation in the sale and purchase rates in most of the stores banking in Baghdad.
.The economists also stressed the importance that the Central Bank will continue this approach, which would curb inflation, which now threatens the stability of all the situation in Iraq, including security and social addition to the economic situation.
.The observers speculate that the rise in the value of the Iraqi dinar against the dollar would reduce inflation and revive the economic situation of Iraqi families, which has suffered greatly because of the high rate of inflation, which was born the burden of large households now borne citizen addition to the deterioration of the level of savings is clear. Which prompted the Central Bank to take this action, which many observers several step towards a comprehensive reform of the Iraqi economy.
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