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

POSTED ON IGNORENT INVESTORS FIGHTING BY DINARTIME

Investor's Iraq Forum - View Single Post - A Dinar... Isn't a Dinar... Without a Fil

An Iraqi Dinar by Any Other Name Will Have the Same Value

Originally Posted by DayDream

No offense js but this....

The HCL is done deal, it is not a dead issue, you will see this on Sunday enacted, the only last hold up last week was the same issue Kurd's had debated earlier, and that was about the oil yet to be pumped. This was resolved already, so don't worry about it.

sounds just like he said....DONE DEAL. But I will give it the benefit of doubt until he can clarify it.

Cheers!
DayDream

Me too! I am very curious to hear his explanation.

It sure sounds like he knows something that we don't know yet, hmmm!

Erbil, Kurdistan Region (Iraq), December 11,-- The first Austrian Airlines flight number 829 landed in Erbil International Airport today at 2.45pm from Vienna.

The flight marks a milestone for the Kurdistan Region as the airline became the first Western regular scheduled carrier to operate there.
The flight landing was followed by a ceremony in which Minister Falah Mustafa Bakir, the Director of the Office of Foreign Relations, thanked Austrian Airlines for its efforts.

said that the initiative will result in the Kurdistan Region becoming “next-door neighbours with Austria, and through them, with Europe and the world”.

This connection provides greater opportunities for foreign investors wanting to start businesses in the Kurdistan Region.

“European businesses and political officials are now just hours away from seeing for themselves the peace, security and stability of the Kurdistan Region”, Mr Bakir said in his speech. Austrian Airlines

Later in a joint press conference, Mr. Johannes Davoras, Austrian Airlines Executive Vice-President for Corporate Communications, acknowledged the importance of bringing their flights to the Kurdistan Region and said that the Region “is a modern area, with a government doing good work for economic development”.

Such developments have been a vital part of economic progress in the Kurdistan Region, which is the Northern Gateway for the rest of Iraq.

The airline operates two scheduled flights a week between Vienna and Erbil, and tickets can be booked at any Austrian Airlines office around the world or in Erbil, or through an IATA (International Air Transport Association) member travel agent.

Contact details for Austrian Airlines and other carriers and agents are available on the travel information page.

Originally Posted by DayDream

No offense js but this....

The HCL is done deal, it is not a dead issue, you will see this on Sunday enacted, the only last hold up last week was the same issue Kurd's had debated earlier, and that was about the oil yet to be pumped. This was resolved already, so don't worry about it.

sounds just like he said....DONE DEAL. But I will give it the benefit of doubt until he can clarify it.

Cheers!
DayDream

I don't know about you guys but to me those two words, DONE DEAL, have always spelled bad news to me in this investment as far as important announcments go!

(12-12) 04:00 PST Baghdad -- Following discussions with the Bush administration, several of Iraq's major political parties are in talks to form a coalition whose aim is to break the powerful influence of the radical Shiite cleric Muqtada al-Sadr within the government, senior Iraqi officials say.

The talks are taking place among the two main Kurdish groups, the most influential Sunni Arab party and an Iranian-backed Shiite party that has long sought to lead the government. They have invited Prime Minister Nouri al-Maliki to join them. But al-Maliki, a conservative Shiite who has close ties to al-Sadr, has held back for fear that the parties might be seeking to oust him, a Shiite legislator close to al-Maliki said.

Officials involved in the talks say their aim is not to undermine al-Maliki, but to isolate al-Sadr as well as firebrand Sunni Arab politicians inside the government. Al-Sadr controls a militia with an estimated 60,000 fighters that has rebelled twice against the U.S. military and is accused of widening the sectarian war with reprisal killings of Sunni Arabs.

The United States, frustrated with al-Maliki's political dependence on al-Sadr, appears to be working hard to help build the new coalition. President Bush met last week in the White House with Abdul-Aziz al-Hakim, leader of the Iranian-backed Shiite party, and is meeting this week with Tariq al-Hashimi, leader of the Sunni Arab party. In late November, Bush and his top aides met with leaders from Sunni countries in the Middle East to urge them to press moderate Sunni Arab Iraqis to support al-Maliki.

The White House visits by al-Hakim and al-Hashimi are directly related to their effort to form a new alliance, a senior Iraqi official said.

Last month, Bush's national security adviser, Stephen Hadley, wrote in a classified memo that the Americans should press Sunni Arab and Shiite leaders, especially al-Hakim, to support al-Maliki if he sought to build "an alternative political base." The memo noted that the United States could provide "monetary support to moderate groups."

Iraqi officials involved in the talks said they had conceived of the coalition themselves after growing frustrated with militant politicians.

"A number of key political parties, across the sectarian-ethnic divide, recognize the gravity of the situation and have become increasingly aware that their fate, and that of the country, cannot be held hostage by the whims of the extreme fringe within their communities," said Barham Salih, a deputy prime minister and senior member of one of the major Kurdish parties.

Also Monday in the troubled region, a Marine helicopter made a hard landing in a remote desert area of Anbar province, injuring 18 people, the third U.S. aircraft to go down in the insurgent stronghold in two weeks.

The military also announced that three American soldiers were killed in a roadside bombing north of the capital on Sunday, putting December on track to be one of the deadliest months of the war.

The announcements came on a day that saw at least 66 more people killed or found dead in the Baghdad area and northern Iraq. They included 46 men who were bound, blindfolded and shot to death in Baghdad -- the latest apparent victims of sectarian death squads.

The CH-53E Super Stallion, the U.S. military's largest helicopter, was conducting a routine passenger and cargo flight with 21 people on board when it went down about noon, the U.S. command said, adding that hostile fire did not appear to be the cause.

The military did not give the exact location where the hard landing occurred, saying recovery efforts were under way.

On Dec. 3, a Sea Knight helicopter carrying 16 U.S. troops went down in a lake, killing four. On Nov. 27, a U.S. Air Force fighter jet crashed in a field, killing the pilot. Both took place in Anbar, a volatile Sunni-dominated province the size of North Carolina.

Sunday's roadside bombing that killed the three soldiers took place while they were on a late-night patrol north of Baghdad, the military said. Two soldiers were wounded.

The attack raised to 46 the number of American troops who have died this month, an average of 4.6 a day. By comparison, an average of 3.4 were killed each day in October, the fourth-deadliest month of the Iraq war with 105 deaths.

The Associated Press contributed to this report.

sarah!

Iraq's Future Lies in Oil, Says Study Group Member




Qassem Zein
Iraqi security personnel secure the area during the opening ceremony of the new oil refinery near the Shiite shrine city of Najaf, south of Baghdad. AFP/Getty Images


All Things Considered, December 11, 2006 · The success or failure of Iraq depends on oil. According to the Iraq Study Group, oil production and sales make up nearly 70 percent of Iraq's GDP and more than 95 percent of government revenues. Iraq currently produces about 2.2 million barrels of oil per day, which is less than pre-war output, and far less than its potential.

The first and most important recommendation in the Iraq Study Group's recent report is to support national reconciliation and get solid laws in place that govern how to distribute oil revenue, according to Amy Jaffe, one of the group's Economy and Reconstruction experts.

As many has half a million barrels of Iraqi oil are stolen every day, due to corruption and attacks on refineries and pipelines. Proven oil reserves in Iraq are believed to be about 115 billion barrels, trailing only Saudi Arabia, Canada, and Iran.

Robert Siegel talks with Jaffe, director of the Baker Institute Energy Forum at Rice University.

sarah!!

Originally Posted by Hardwood

No secrets here! Tell us all or just wait for a reply to your PM....SGS reads everything I can assure you!

So...... what did you need clarifying????

Just a rumor from another forum, just want to verify the validity of this person. They are messing with our "RV hope" for this weekend that's all.

Originally Posted by snottynose

(12-12) 04:00 PST Baghdad -- Following discussions with the Bush administration, several of Iraq's major political parties are in talks to form a coalition whose aim is to break the powerful influence of the radical Shiite cleric Muqtada al-Sadr within the government, senior Iraqi officials say.

The talks are taking place among the two main Kurdish groups, the most influential Sunni Arab party and an Iranian-backed Shiite party that has long sought to lead the government. They have invited Prime Minister Nouri al-Maliki to join them. But al-Maliki, a conservative Shiite who has close ties to al-Sadr, has held back for fear that the parties might be seeking to oust him, a Shiite legislator close to al-Maliki said.

Officials involved in the talks say their aim is not to undermine al-Maliki, but to isolate al-Sadr as well as firebrand Sunni Arab politicians inside the government. Al-Sadr controls a militia with an estimated 60,000 fighters that has rebelled twice against the U.S. military and is accused of widening the sectarian war with reprisal killings of Sunni Arabs.

The United States, frustrated with al-Maliki's political dependence on al-Sadr, appears to be working hard to help build the new coalition. President Bush met last week in the White House with Abdul-Aziz al-Hakim, leader of the Iranian-backed Shiite party, and is meeting this week with Tariq al-Hashimi, leader of the Sunni Arab party. In late November, Bush and his top aides met with leaders from Sunni countries in the Middle East to urge them to press moderate Sunni Arab Iraqis to support al-Maliki.

The White House visits by al-Hakim and al-Hashimi are directly related to their effort to form a new alliance, a senior Iraqi official said.

Last month, Bush's national security adviser, Stephen Hadley, wrote in a classified memo that the Americans should press Sunni Arab and Shiite leaders, especially al-Hakim, to support al-Maliki if he sought to build "an alternative political base." The memo noted that the United States could provide "monetary support to moderate groups."

Iraqi officials involved in the talks said they had conceived of the coalition themselves after growing frustrated with militant politicians.

"A number of key political parties, across the sectarian-ethnic divide, recognize the gravity of the situation and have become increasingly aware that their fate, and that of the country, cannot be held hostage by the whims of the extreme fringe within their communities," said Barham Salih, a deputy prime minister and senior member of one of the major Kurdish parties.

Also Monday in the troubled region, a Marine helicopter made a hard landing in a remote desert area of Anbar province, injuring 18 people, the third U.S. aircraft to go down in the insurgent stronghold in two weeks.

The military also announced that three American soldiers were killed in a roadside bombing north of the capital on Sunday, putting December on track to be one of the deadliest months of the war.

The announcements came on a day that saw at least 66 more people killed or found dead in the Baghdad area and northern Iraq. They included 46 men who were bound, blindfolded and shot to death in Baghdad -- the latest apparent victims of sectarian death squads.

The CH-53E Super Stallion, the U.S. military's largest helicopter, was conducting a routine passenger and cargo flight with 21 people on board when it went down about noon, the U.S. command said, adding that hostile fire did not appear to be the cause.

The military did not give the exact location where the hard landing occurred, saying recovery efforts were under way.

On Dec. 3, a Sea Knight helicopter carrying 16 U.S. troops went down in a lake, killing four. On Nov. 27, a U.S. Air Force fighter jet crashed in a field, killing the pilot. Both took place in Anbar, a volatile Sunni-dominated province the size of North Carolina.

Sunday's roadside bombing that killed the three soldiers took place while they were on a late-night patrol north of Baghdad, the military said. Two soldiers were wounded.

The attack raised to 46 the number of American troops who have died this month, an average of 4.6 a day. By comparison, an average of 3.4 were killed each day in October, the fourth-deadliest month of the Iraq war with 105 deaths.

The Associated Press contributed to this report.

sarah!

About time!

Cheers!
DayDream

Originally Posted by $onedaysoon$

POSTED ON IGNORENT INVESTORS FIGHTING BY DINARTIME

Investor's Iraq Forum - View Single Post - A Dinar... Isn't a Dinar... Without a Fil

An Iraqi Dinar by Any Other Name Will Have the Same Value

OK so this is a member of aol and their view stated in this htm document they made?
members.aol. com/dinartime/no_fils.htm

An Iraqi Dinar by Any Other Name Will Have the Same Value


For this purpose, presently a dinar is a unit of Iraqi currency in its lowest denominational form to which there is NO physical of factual evidence of a smaller sub-unit comprising the dinar will exist. Regardless of other countries sub-units “fil”, “rial”, “baisa”, “hallalah”, “millieme”, “piaster”, “dirham” ect.. from other mid east countries economies, it cannot dispel that the Iraqi dinar regardless being note or coin is just that…the lowest monetary unit of currency.

Our DOLLAR is a dollar because of the lowest sub-unit of currency that makes up that dollar, which is the “cent” aka “penny”. Without the cent, the nickel, dime, quarter, half dollar cease to exist and the lowest monetary unit then becomes “the dollar”. Nothing prevents us from calling it a dollar, BUT in reality…..It now reigns as the lowest unit, (ie “the penny”)

In comparison, the dinar is no different, without sub-units (fils) it means the simplest unit of currency (a dinar) is relative to the lowest unit which it is constructed.

Up until the point when fils are introduced, the lowest unit of currency will always remain the Iraqi dinar.

From the implementation of the NID it was a FACT according to early IMF projections that the dinar reserves would exceed 14 to 16 (or greater) trillion dinar. So,….. without any feasible way to economically support fil based currency through the central banks dollar backing, a fil foundation idea becomes moot and we must now discount the dinar as the single base unit of currency, so that, we can then say that there are 14 to 16 (or greater) trillion units.


Once again we turn to Kuwait as a comparison. (but any country that has sub-unit values will do). As of January (2006) the base money supply for Kuwait was 14524.7 million KD (source: Central Bank of Kuwait ). This amounts to fourteen billion five hundred twenty four million, seven hundred thousand Kuwaiti dinar. (14,524,700,000). Yes… billions are a long way from the trillions that Iraq has. But as I said earlier Iraq’s money supply is calculated in units. So with using the Kuwaiti reserve number and multiplying this by the number of sub-units in a Kuwaiti dinar (called Kuwaiti fils, which are a circulated currency and having 1000 fils to 1 Kuwaiti dinar) we get 14,524,700,000 X 1000 equaling 14.5247 TRILLION units of currency. Either way, it holds the same Kuwait bank reserve value of 14524.7 million KD.


The Iraqi trillions of “so called dinar” now becomes a more acceptable number.


So In short…..”a dinar is NOT a dinar, without a fil”

It is irrelevant as to the denominational tree structure that the Iraqi economy uses ie (25,000, 10,000, 5,000, 1,000, 500, 250, 100, 50, 25) OR (20, 10, 5, 2, 1, ½, ¼, plus fils) the MOST significant fact is that they keep the proportionate “high/low” value between their currency and that of outside countries currencies.

Originally Posted by day dreamer

Hum makes me wonder about him, remember a while back when he said Iraq was in civil war, Makes me wonder if he's wanting his country to fail.
I thought he was good when we appointed him in the beginning, but his words are aways negative about his own country.

Some people are trapped in their own religion and can't allow freedom to reign in their life. If "religion" loses its power and control over others, those still trapped will criticize and claim that "all the rest are going down the tubes", so to speak.