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

Originally Posted by DayDream

Listening to the news this morning there was a comment tacked onto this...

Bush stating "That there would be a surge in the number of troops in Iraq"....

also a surge in Iraqi Politics.

Wonder what he meant?

Cheers!
DayDream

send a Proctololgist to the White House first... Bush needs his head extracted first....then perhaps we'll know what he meant by that....

Baghdad, Mustafa Hamza

Learned "from the" Informed Iraqi sources that there was a strong tendency to the formation of a new Iraqi Front emerge from the government parties by the end of the current year likely to include parties operating in the political arena and secure the political process regardless of their ethnic and sectarian.

The sources pointed out that the aim of the formation of this front is seeking to distance the country from the abyss of civil war, especially as they represent the parliamentary majority that could emerge from the comfortable government majority believing that the current phase through which Iraq has surpassed the process of political consensus, which failed in the arrival of the country to safety.

For his part endorsed the leading figure-Kurdi, Dr. Fouad Massoum Head of the bloc of the Kurdistan Alliance in the Iraqi Parliament this information where he was told "the European" that there are already contacts are currently underway between the two parties regarding Kurdish the Kurdistani National Union led by Jalal Talibani and the Kurdistan Democratic Party led by Masoud Barzani, the Supreme Council of the Islamic Revolution led by Abdel-Aziz al-Hakim, and the Islamic Al-Da'wah Party led by Ibrahim al-Jaafari and the Iraqi Islamic Party led by Tariq Al-Hashmi and the probability the National Reconciliation Movement led by Iyad Allawi pointing at the same time that the possibility of others who outpacing the sectarian and ethnic accession to the this front which may be considered the life jacket of civil war.

He pointed Massoum indicated that it would be possible of others who did not want accession to the the new front the shift to the peaceful opposition inside the the Dome of Iraqi Parliament and that contacts between the parties the believers thus continuous · and about the possibility of the formation of a new government before the end of the year the chairmanship of Al-Maliki sources pointed that the contacts are ongoing and that it was possible announcement of the this government before the end of the year.

Experts see politicians in Baghdad that in the case of agreement, the final version of the Frente the new, the logic alliances the old will collapse will form of power was not on the basis of ethnic affiliations This means the collapse of the Iraqi Coalition consolidated to pull Israeli troops him bloc Chest and Accord Front which from which the Frente national dialogue and the Conference of the people of Iraq led by Adnan Al-Dulaimi and Khalaf Al-Alyan.

http://64.233.179.104/translate_c?hl...language_tools

Cheers!
Daydream

Originally Posted by wciappetta

I have to ask this question/ comment:

Since the CBI monetary aggregate has not been updated since May, further it was mentioned that in June the CBI stopped expanding the currency level. It was further noted in this forum that this behavior of removing currency has been going on longer than we realize. Infact the very idea that the Aggregate has not been updated since May might support that idea. This might further be evidenced by the incomplete auction record, its almost like they intend to keep it under wraps.

I have a document from the IMF that states the original exchange of old for new currency amounted to 6.1 trillion ID.

I wonder if the CBI has been pulling currency out right under our noses since June?

If so perhaps they are returning to a former currency level and if they have been, just imagine the amount that might have been removed. It might be as much as 10 plus trillion.

Of course I'm just thinking out loud but honestly we should notice that rate of increased value of the Dinar has really little corelation to the emense volume of currency removed from circulation in any given day. The CBI is responcible for setting the daily rate right?

Anyway thoughts?

And before anyone mentions it this activity might have gone unnoticed by the world financial sectors because of all the publicized unrest and bloodletting which we know has been blown way out of proportion. No one was paying attention.

You make a very good point. I like those that do a little research! Myself, like everyone esle, viewed the CBI auctions and noticed that they bought and sold dollars and dinars at almost every auction. None of us really grasped that the game had changed until the first part of Nov. when it became obvious that they (CBI) were not selling dinars and had began a dramatic buying of dinars from the economy. So your question ( a very good one) "has the CBI been buying dinars in a signifcant amount right "under our noses"? I think the answer is yes, but I am not prepared to support that position with numbers, so consider it an opinion. If so, then we are in a better position than we think we are, due to a lot more money having been removed (net) than we are accounting for. But, we do know since the first of Nov. that around 1.2 Trillion has been removed and it would seem logical that this process reached an "abrupt" phase in Nov., but that they were pulling out money prior to this date. If so, its good for all concerned. Thank You.

Originally Posted by wciappetta

I have to ask this question/ comment:

Since the CBI monetary aggregate has not been updated since May, further it was mentioned that in June the CBI stopped expanding the currency level. It was further noted in this forum that this behavior of removing currency has been going on longer than we realize. Infact the very idea that the Aggregate has not been updated since May might support that idea. This might further be evidenced by the incomplete auction record, its almost like they intend to keep it under wraps.

I have a document from the IMF that states the original exchange of old for new currency amounted to 6.1 trillion ID.

I wonder if the CBI has been pulling currency out right under our noses since June?


If so perhaps they are returning to a former currency level and if they have been, just imagine the amount that might have been removed. It might be as much as 10 plus trillion.

Of course I'm just thinking out loud but honestly we should notice that rate of increased value of the Dinar has really little corelation to the emense volume of currency removed from circulation in any given day. The CBI is responcible for setting the daily rate right?

Anyway thoughts?

And before anyone mentions it this activity might have gone unnoticed by the world financial sectors because of all the publicized unrest and bloodletting which we know has been blown way out of proportion. No one was paying attention.

What an excellent question/observation. I hope this is discussed further!

Originally Posted by Wm.Knowles

You make a very good point. I like those that do a little research! Myself, like everyone esle, viewed the CBI auctions and noticed that they bought and sold dollars and dinars at almost every auction. None of us really grasped that the game had changed until the first part of Nov. when it became obvious that they (CBI) were not selling dinars and had began a dramatic buying of dinars from the economy. So your question ( a very good one) "has the CBI been buying dinars in a signifcant amount right "under our noses"? I think the answer is yes, but I am not prepared to support that position with numbers, so consider it an opinion. If so, then we are in a better position than we think we are, due to a lot more money having been removed (net) than we are accounting for. But, we do know since the first of Nov. that around 1.2 Trillion has been removed and it would seem logical that this process reached an "abrupt" phase in Nov., but that they were pulling out money prior to this date. If so, its good for all concerned. Thank You.

Once I posted that this process we are watching would make a great graduate study for someone doing graduate work in Money and Banking, economics, or an MBA program. I will even serve on your committee as long as it does not intervere with scuba diving at some remote place. Have a good day. ( By the way, I am almost always busy in the PM tooo.

Any news on the meeting that are supposed to be today and tomorrow???

Originally Posted by ourhouse37

I think this is a clear indication that reporters and editors can write just about any darn thing they want, with only a nodding acquaintance with the facts or the truth. I'm pretty sure we can trust the people on this forum who have educated themselves far beyond the call of duty, and certainly far beyond the press. The press do not really have a vested interest in the real truth, whereas we do! Boy do we.
Keep on, brave ones.

Interesting,

Good point, and considering it was in Times, it follows the norm for that pro negative rag. (g)

Happy Holiday Season to all, Mike

Originally Posted by Wm.Knowles

You make a very good point. I like those that do a little research! Myself, like everyone esle, viewed the CBI auctions and noticed that they bought and sold dollars and dinars at almost every auction. None of us really grasped that the game had changed until the first part of Nov. when it became obvious that they (CBI) were not selling dinars and had began a dramatic buying of dinars from the economy. So your question ( a very good one) "has the CBI been buying dinars in a signifcant amount right "under our noses"? I think the answer is yes, but I am not prepared to support that position with numbers, so consider it an opinion. If so, then we are in a better position than we think we are, due to a lot more money having been removed (net) than we are accounting for. But, we do know since the first of Nov. that around 1.2 Trillion has been removed and it would seem logical that this process reached an "abrupt" phase in Nov., but that they were pulling out money prior to this date. If so, its good for all concerned. Thank You.

Well for numbers I took the partial auction history and used an average rate for the given month and applied that to the total USD amount for that month.

I believe I used June, Sept, and Nov as a sample and doubled the figure to represent the six month period, which is where I came up with a possible 10 plus trillion.

Just thought I'd bounce it around.

Originally Posted by wciappetta

Well for numbers I took the partial auction history and used an average rate for the given month and applied that to the total USD amount for that month.

I believe I used June, Sept, and Nov as a sample and doubled the figure to represent the six month period, which is where I came up with a possible 10 plus trillion.

Just thought I'd bounce it around.

So if you are right, then we would be close to where they were before they issued the new currency, the old currency circulation around 4 - 6 trillion? If this is so, then it looks good for this week to at least return to where they were before, that being 1 nid = .31.

worf

Originally Posted by wciappetta

Well for numbers I took the partial auction history and used an average rate for the given month and applied that to the total USD amount for that month.

I believe I used June, Sept, and Nov as a sample and doubled the figure to represent the six month period, which is where I came up with a possible 10 plus trillion.

Just thought I'd bounce it around.

I like what you did. So you're suggesting that maybe 10 trillion dinar has been pulled out of circulation during those months you studied. Well, it sounds a little high, but what you have proven is that the CBI may have been engaged in a pull-out of dinar long before we noticed it. This is good. Even if yourestimates are off a few trillion or so, the fact that you have established the trend is helpful to us in understanding what we are seeing. And, I agree with you that they probaby were. Please continue watching this for us. As time goes on, this info will be helpful. Thank you.