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

A plan to raise oil industry in Iraq
13/12/2006
Source: Al-Sabah

Ministry of Oil prepared a plan to raise oil industry in Iraq and increase exports of crude oil and gas, an authorized source at the ministry said.

He added that among suggested recommendations to increase exports is reacting of Iraqi National Oil Company's law to achieve best administration of oil activities and acceleration issuing needed laws at field of oil wealth and investments to ensure participation of world companies to develop productivity abilities and increase exporting within a system balance between state's goals and achieve best conditions for investment and competition.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2755

Originally Posted by Offshore-Wealth.com

Good points,

for they have done all they could, and it clearly did not work. This is how unique a situation Iraq is in, so hang on, I see all this as a positive.

Happy Holiday Season to all, Mike

As Mike pointed out it didn't and we need also to understand, this is NOT a stereo-type approach most situations are dependent on to see results. Play along and be patient and enjoy the doggy nudging the pony...


YB. - slash !! to the pony and the doggies at it...

It's so nice having level heads and sound reasoning keeping us all grounded at this stage of the game. Thanks so much OSW and Mr Knowles, your words couldn't come at a better time! I myself appreciate it.

Cheers!
DayDream

Originally Posted by Offshore-Wealth.com

Good points,

No doubt in my mind what we are seeing is an excersise in stabilty. What was needed to demonstrate the economic soundness of dinar is that it is stable in all situations. It has been, and now CBI is proving this as they apply standard and accepted strategies to increase dinar value, and it is working just as they suspected it would. The stated what they were going to do, and they did it, and the results are as one would expect, so this is nothing more than a dog and pony show for all the world to see as proof they can handle increase.

Now on the flip side, we know why they are doing what they are doing, to control inflation which is what this move was designed to do as Wm, has so well pointed out for us in his posts. This to is a dog and pony show in my opinion to ultimately justify the revalue as we already see that all the other tried and true economic strategies have not worked. They raised interest rates several times, to no avail, inflation went higher again. Now we see value of dinar being manipulated up, and again, no impact on inflation.

This is to show the world that all responsible economic strategies have been implemented without the desired results of bringing down inflation as Iraq's situation is totally different than all other countries, and this again is more for show than go. As I see it, we are simply seeing a responsible well established strategy to control inflation being used with little or no results. This clears the path to the real solution we have all been waiting on, a revalue, a virtual shot in the arm, and no one can look back and say that they should have tried raising rates first, removing dinar to force up value, etc., for they have done all they could, and it clearly did not work. This is how unique a situation Iraq is in, so hang on, I see all this as a positive.

Happy Holiday Season to all, Mike

Thank you for your comments. I have always enjoyed reading what you have to say. I to agree that Iraq needs a "shot" in the arm. I just listened to an outgoing General who said that increasing the economy was the key to reducing the violence, i.e. putting people to work. While removing dinar from the economy and increasing interest rates may not have the immediate effect we would like, I still think (an opinion) that in the longer term, these measures wil have an effect on inflation and the ultimate increased value of the currency by reducing the base money supply. As you can probably tell by now, I am a traditional supply and demand type of guy. Thank You and have a good day.

Originally Posted by opps50

Me too

I don´t know about you guys but all these rumors that have been passing along have made me so skeptical. I personally don´t think any of these 3 rumors will come through,not saying they never will but not now.

STOP IT NOT TODAY or anyday really!! Now I and many other are having a TOTAL BLAST for a RV the 14 or 15. SOOOOO don't trash my good day of FUN with negative vibes please.
CHIN UP - and have some FUN!!!!

Originally Posted by Dinar Cha Ching

I guess we'll find out Sunday.

Things to watch:

11-14: Professor rumor, RV $1.47. (14TH 14TH 14TH)
Dec. 15th Quad confirmation rumor.(WILL TAKE IT TOO)
Sunday OSW's HCL "Done Deal" enactment.(NEED TO RV BEFORE SUNDAY!!!!!)

I hope one of them is true, especially the Professors.

FARMMMMMMMMMMMM
JIGGGGGGGGGGGGGG

CHRISTMAS IS GOING TO BE GOOD FOLKS!!

Originally Posted by Barbara919

Day Dream, Thats a great idea, count me in. Pm with any info about helping out, if its not posted on the forum. Barbara

Ditto here!

forget a re-print it would cost to much money for them and money they have not got..so dont worry no reprint no lop nid is here to stay

Im pretty sure a big RV Jump would be last resort. And we are nearing the last resort. I think.....

Originally Posted by PAn8tv

On another note, the CBI can change its currency completely altogether. Change of currency is one of the policies central banks do resort to when there is inflationary shock.

can you explain this a little further...you're not speaking of a reprint are you? we've already been down this road before

The CBI have already stated no change in currency. I'm with you...lets not tread that beaten path again. Matter of fact..lets pretend it was never even mentioned.

Cheers!
DayDream

Originally Posted by boomcreek

Ditto here!

I've pm'd her...waiting on a response.

Cheers!
DayDream