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

Hi,

I Am New Hear.i Whondering How Kan I Buy Dinar?

End How Kan I Seil Den?

Thanks

[QUOTE=dumfatnhappy;147879]

Originally Posted by michael16

.1260 is about breakeven.If you bought the dinars around 1470.

breakeven at 1250 is if you paid ~$800 per mil.

Yep .... i will give a huge WoOt when 1250 comes around !

Originally Posted by crave681

My question is , how does going to 1260 fight dollarization? Isnt that still a pathetic rate compared to the established dollar? yes the dollar has declined, but nowhere near to those levels...
unless its a mis-info... or as searay prefers... a smokescreen... is that a boater's terminology?

And my question.... Where it Adster? It's not very nice to drop a nuclear bomb on us then leave!!!! SGS we need your comments.... please?

worf

[QUOTE=MrsCK;147871]I JUST WENT OUT AND TOOK A GOOD LOOK AT MY NORTH PASTURE - YUP I GOT AS MUCH BULL S*** LAYING ON THE GROUND OUT THERE AS THAT ARTICULE!!!





partial quote from ordinaryseawoman
we just wish they'd trade the camel for a benz




laughing so hard almost peed
in my pants


Let's take a chill pill (like the kids say) this is 1 negative article and it seems people want to take it at it's word and run with it.
I choose to believe all the many other articles we have read and run with them.
IT'S ALL GOOD PEOPLE!!!!!
HOLD ON!!!!!
REREAD THE HISTORY THREAD IF YOU NEED TO AT THE ARTICLES THAT HAVE BEEN POSTED,
THERE'S SOME FINGER LICKING GOOD STUFF THERE!!!!!

Originally Posted by worf

And my question.... Where it Adster? It's not very nice to drop a nuclear bomb on us then leave!!!! SGS we need your comments.... please?

worf

worf...IMO we can pretty much throw this article in this waste basket. This is the same guy touting the same zero lop, new currency mumbo jumbo that had the boards in an uproar several months ago. Alot of this article wasn't even accurate. I myself will not get upset by something that can't even get the facts straight.

Cheers!
DayDream

HI WORF,

Kan you please explein to me how kan i buy a iraq dinar?

Thanks

Originally Posted by Inscrutable

Sure, Sean will say it's terrible over there with a real civil war going on and that justifies the reason we should be there. Trust me, nothing cushy from Hannity. And nothing of value either. After all, he went as the back half of Rummy over there, right?

WRONG! Just watch it before you respond. See what you think, then let us know, ok?

Originally Posted by jessemac

Not funny , or Wrong thread You pick .....

Uh-Ho......Catfight in the making

Dinar soars: Iraqi currency hits 2-year high


Iraq’s dinar currency has risen to a nearly two-year high against the U.S. dollar, as the nation’s central bank tries to fend off skyrocketing inflation by buying up the currency with dollars at its daily auctions.

Most of the money the Iraqi government earns is in U.S. dollars because oil exports are the main source of its income, and the bank has about US$14 billion in foreign assets, said Mudher Qassim, the Central Bank of Iraq’s director of statistics.
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 U.S. dollars sold by about a dozen banks, the central bank said. Even larger amounts of dollars were sold during 10 of the auctions in November.

"Our goal is to reduce inflation, which is now running at about 50 per cent, by improving the dinar and thereby making imported goods cheaper," Qassim said, adding that more than 80 per cent of all Iraq’s tradable goods are imported, he said.

In a report in August, the International Monetary Fund also said inflation was escalating in Iraq. The 12-month rate of inflation ended 2005 at 31.7 per cent, but inflation then accelerated, with 12-month inflation reaching 58 per cent in May 2006, the report said.

Iraq’s Central Bank also is trying to fight inflation by raising interest rates. In November it raised its key policy rate to 16 per cent from 12 per cent. Wednesday’s report from the bipartisan U.S. Iraq Study Group said that by the end of 2006, the bank will raise rates to 20 per cent and appreciate the dinar by 10 per cent.

The Central Bank’s fight against inflation could prove to be an uphill battle, however, since many observers believe the leading contributor to inflation is the high cost of security involved in distributing goods throughout the country.

On Thursday, the dinar was trading at the central bank’s auction price of 1,424 against the U.S. dollar, its strongest price since March 23, 2004, when it was at 1,420.

Source: The Chronical Herald

Sorry if already posted!


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Posted on Monday, December 11

Originally Posted by artin

HI WORF,

Kan you please explein to me how kan i buy a iraq dinar?

Thanks

artin...take a look at this thread...

http://www.rolclub.com/iraqi-dinar-d...rinfo-com.html

Cheers!
DayDream