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

So...In light of the huge nugget OSW dropped for us...Seems a R/V is right around the corner! Right?

Cheers!
Daydream

The stability of the demand for the dollar. The continued depreciation of the exchange rate
Baghdad - (Voices of Iraq)

Stable volume demand on the dollar for the second day in a row in the auction the Central Bank of Iraq today, Tuesday, recording 18 million and 180 thousand dollars, which is barely the size of the request yesterday, which exceeded 18 million shortly.

Distributed demand Poagg eight million and 330 thousand dollars in cash and nine million and 850 thousand dollars in the form of remittances outside the country, the Bank has full coverage at the exchange rate amounted to 1416 dinars low three points on the exchange rate yesterday, Monday, which amounted to 1419 dinars to the dollar.

Did not make any of the 11 banks participating in the auction, offers to sell the dollar to the bank for the second consecutive day.

The counting of Mr. Razzaq expert, as far as economic, industrial, one dealing with the auction sale that offers less and perhaps disappearing with the decline in the rate of exchange which makes the speculators profit margin of the exchange rate difference between the commercial market and the auction, little or almost none or at a negative value with the continuing decline, which reduces the chances of selling the dollar to the Central Bank.

ÏæáÇÑ- (ÅÞÊÕÇÏ) :: Aswat al Iraq :: Aswat al Iraq

I am trying to firgure out the two new negative articles that came out: the L.A. article and this Reuters new one.

The first one says that a lot of dinar holders are cashing in, and it does say that the dinar rate willl go down ( I hope everyone has read it and noticed that comment).

Then the Finance minister 's interview says : well, the dinar rate will do go up to only 1260 for a dollar, which - for most international dinar buyers - it will give us a break even with NO profit.

So here we go:
- if you bought dinars before, cash it in now, because the rate will go down! - DINAR HOLDERS RUN TO THE BANK TO CASH IN
- there is no profit to be made if you guys buy the dinar now , cause it will go up to only 1260/$1 - at which rate you will only break even- so what's the point of buying the dinar in the first place? PEOPLE WILL NOT BUY DINARS.


And all this while FIL is waiting to be enacted, and HCL ready to be ratified.

You see where I am coming from?
Am I the only one who's reading these negative articles this way?
The CBI is puling dinar in, so they need to let the world know that there is no money to be made by buying dinars. :) But we know better!

Originally Posted by DayDream

So...In light of the huge nugget OSW dropped for us...Seems a R/V is right around the corner! Right?

Cheers!
Daydream

Sure hope SO! He was just here, now poof, he's gone He'll be back

Originally Posted by One Oar

Iraq-Currency
No sell offers expected as dinar rate gets higher-economist
Baghdad, Dec 12, (VOI) - The Iraqi dinar scored on Tuesday its highest exchange rate to the dollar in 2006, fetching 1,416 dinars compared to 1,419 dinars on Monday.
Demand was slightly up to $18.180 million from $18 on Tuesday, the bank said in its daily statement.
The bank covered all bids which were $8.330 million in cash and $9.850 million in foreign transfers.
None of the 11 banks that participated at Tuesday’s auction offered to sell dollars.
The economic expert Mr. Abdul-Razzaq al-Abayji told VOI “no offers to sell dollars are expected at the daily auction in the forthcoming days if the dinar exchange rate to dollar kept soaring up due to the Iraqi Central Bank policy to offer dollar for sell at a dinar exchange rate higher than that of the local market.”
Most brokers dealing with the bank daily auction, al-Abayji pointed out, depend in their earnings on the margins resulting from selling dollar at a dinar exchange rate lower than that in the local market.

WOOOOOOOOOOOOOT

Originally Posted by DayDream

UMMMMM......Am I the only one who noticed this comment?



Didn't notice any comments on this. Seems OSW knowwwwws something or am I reading this wrong?

Cheers!
DayDream

WELL IT'S KINDA HARD TO TYPE AND DO A

FARMMMMMMMMMM
JIGGGGGGGGGGGGG

AT THE SAME TIME - OSW KNOWS SOMETHING!!!!

DEC. 14TH IS LOOKING GOOD EVERY DAY!!!

Originally Posted by Jola

I am trying to firgure out the two new negative articles that came out: the L.A. article and this Reuters new one.

The first one says that a lot of dinar holders are cashing in, and it does say that the dinar rate willl go down ( I hope everyone has read it and noticed that comment).

Then the Finance minister 's interview says : well, the dinar rate will do go up to only 1260 for a dollar, which - for most international dinar buyers - it will give us a break even with NO profit.

So here we go:
- if you bought dinars before, cash it in now, because the rate will go down! - DINAR HOLDERS RUN TO THE BANK TO CASH IN
- there is no profit to be made if you guys buy the dinar now , cause it will go up to only 1260/$1 - at which rate you will only break even- so what's the point of buying the dinar in the first place? PEOPLE WILL NOT BUY DINARS.


And all this while FIL is waiting to be enacted, and HCL ready to be ratified.

You see where I am coming from?
Am I the only one who's reading these negative articles this way?

In reading all of the articles that come out, I believe some are false and some are purposely misleading. They'll say they haven't or won't pass one thing and then we find out it's already been done! Anyhow, I read them, think on them and wait and see the final answer.

Zebari : Negotiations continue over oil and gas between the government
(Voice of Iraq) - 12-12-2006

Iraqi Foreign Minister spoke to the «life» a share of the Territories of the budget ... Zebari : Negotiations continue over oil and gas between the central government and the Kurdistan Province Rabat - Dalal Abu Ghazaleh life-12 / 12 / 06 / /

The Iraqi Foreign Minister Hoshyar Zebari said that the negotiations between the Iraqi government and the central government of Kurdistan on the Iraqi dossier oil and budget «non-governmental organizations, it continues to stumble», he said, pointing out that Kurdistan is part of Iraq, which depends on Baghdad and therefore must be talks on the budget, the share of the Territories.

He explained in a dialogue to life »« conducted during a visit to Morocco in conjunction with the forum «» investment complementarities, there is disagreement on the quota for the territories, because the political agreements provide for the monitoring of 18% of the budget of the provinces, while the current level of payment does not exceed 13%. Regarding the signing of the Kurdistan oil contracts with some international companies Finally, without referring to the government, Zebari said the presence of talks between Irbil and Baghdad «to reach a compromise satisfactory to the parties», he said, pointing out that the solution is that the central government's representation in these negotiations, but negotiations are under way with any company without the participation of the central government.

He pointed out that negotiations on the oil contracts also include «that the territorial government is concerned to settle any disagreement on the oil contracts», but he stressed that «oil wealth belongs to the people», according to the Iraqi Constitution.

In response to the announcement by some Arab officials expressed their fear that the signing of Kurdistan oil contracts, as well as the southern region of Iraq, to the division of Iraq into statelets would affect the oil sector in Iraq and the world, he pointed out that «no one demanding secession or partition, and that the political headquarters constitutionally given the right to the territorial government to have a kind of autonomy in the oil issues, and give the Constitution the province the right to manage the funds generated from the oil if the extracted from this territory». He attributed Zebari directed international companies to invest in Kurdistan without other Iraqi territory, the province faces no security problems such as those faced by the center and south of Iraq.


Sotaliraq.com

Originally Posted by Jola

I am trying to firgure out the two new negative articles that came out: the L.A. article and this Reuters new one.

The first one says that a lot of dinar holders are cashing in, and it does say that the dinar rate willl go down ( I hope everyone has read it and noticed that comment).

Then the Finance minister 's interview says : well, the dinar rate will do go up to only 1260 for a dollar, which - for most international dinar buyers - it will give us a break even with NO profit.

So here we go:
- if you bought dinars before, cash it in now, because the rate will go down! - DINAR HOLDERS RUN TO THE BANK TO CASH IN
- there is no profit to be made if you guys buy the dinar now , cause it will go up to only 1260/$1 - at which rate you will only break even- so what's the point of buying the dinar in the first place? PEOPLE WILL NOT BUY DINARS.


And all this while FIL is waiting to be enacted, and HCL ready to be ratified.

You see where I am coming from?
Am I the only one who's reading these negative articles this way?

go down..go up? Now my head is really spinning! Isn't this backwards? Gee I need to stop thinking!

Cheers!
DayDream

Civil society : The future of Iraq :

Vien spring
Every day we turn At every turning point for us, and the jurisprudence of the trip they search for communicating with prospects and the range of the homeland.
Circumstance in which we live take on a great deal of thinking and nervously and our Once caught a car bomb or a mortar shell and the gang once heavily all types of hatred for humanity to undermine the patience and time Ttouqna crises and us in the spiral of questions and answers.

Through all this we continue to build our lives and our country as much as possible to shrink the role of those who want to steal our dreams and wishes.
Our country, and was injured but now it is recovering and returning the water to normalcy and takes everyone his right and keep everything to us.
We are left with the Tigris River immortal hundred sweet Alerkragh and we are left with the Euphrates river and greener pastures, as the plains and mountains and remains the bad intentions of shame and betrayal while conducting tails disappointment because they were enemies of Iraq and tried to injure and harm people.

Translated version of http://www.uruklink.net/

Cheers!
DayDream

Originally Posted by DayDream

go down..go up? Now my head is really spinning! Isn't this backwards? Gee I need to stop thinking!

Cheers!
DayDream

While some of the numbers and data in these articles are wrong, I was looking at: what's the message that they want to send out?

Right! That's what they want! Our heads to be spinning!

And we should be up for the game.

And we know darn well that we are!
Wrong information, wrong numbers, ...hey, it is coming!
We knew that when the RV is close there will be this kind of stuff coming out!