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

Originally Posted by Offshore-Wealth.com

Thanks,

Good find, just came across it as well. (g) Also, we may see a new swing down by about the same percentage, that being the dollar dropping 50%, OUCH. (g)

Happy Holiday Season to all, Mike

OSW...Do you really think the dollar is going to drop that much? Thats quite a plunge and somewhat frightening!

Cheers!
DayDream

Originally Posted by Inscrutable

Although I will not use Paypal or electronic payment services for various reasons you can count me in by PM' ing mailing details.

I too would send her some PayPal... DayDream, PM me the details.

Originally Posted by MOM2TWO

Thanks DD!!,
Can you tell me where you found that. I would be interested in reading how the country worked that robust change in currency value into the everyday life of citizens.

Thanks again!!,
Melissa

Link:

FXHistory - Historical Currency Exchange Rates

To obtain the historical exchange rate for any currency pair, select the language, the range of dates and the currencies you would like to obtain exchange rates for. You can obtain the historical exchange rates with the desired rate (cash, interbank, credit card), in ASCII, CSV or HTML format. Click on "Get Table"

and away you gooooooooo!

Cheers!
DayDream

Originally Posted by ourhouse37

hello everybody. I have a huge lump in my throat as I write this. I sympathize deeply with Karinc, as I now have a feeling I might not even make the mortgage, much less Christmas. Would it be utterly despicable of me to put my name with hers as a dinar family member in deep need? I'll even pay it all back as soon as my fortunes turn. ouch. this hurts.

I'm sure I don't mind. I know that took a lot to post. There have been times in my life that I have lived hand to mouth and wished I could find help from somewhere or from somebody. btw I sent you a pm.

Cheers!
DayDream

Originally Posted by MC Dig

Hold on, I really believe we will see a r/v by Jan 1. You don't have much longer.

peace,
Michael

I hope that you are right, Michael. However, just in case I would love to help out DD(we need her energies finding all those great dinar articles!!) with a thread or system for those here who have found themselves in a tough time. Please PM me if you are one of those people, or someone who would like to help either with Paypal, or specific needs...i.e. presents/food or what have you.

Originally Posted by MC Dig

Hold on, I really believe we will see a r/v by Jan 1. You don't have much longer.

peace,
Michael

PLEASE DON'T COUNT ON IT, some people are really sounding like they need for this to happen. Getting pretty scary over here. If you are counting on this for college tuition, or mortgage payments, or to get out of debt, FIND ANOTHER WAY, if this does happen you will still be set, but if it doesn't you wont have to worry.

Its a gamble folks, don't gamble away your life

Originally Posted by mike brown

GOT DINAR?patent pending

well i will be printing ...... you can take me to court

Originally Posted by Wm.Knowles

Hello everyone. First, I would like to thank Socata 850s for posting each morning, this gives us an update on each days auction. It is very helpful.
We can see that the re-eval is still at the beginning of a process. By now most everyone knows what this means and how it effects the economy, inflation, and the resulting price of the dinar. There still seems to be two options as to what this initial process means. They (CBI) intend to take the price of the dinar up in a gradual manner and there will be no "bold adjust". Or, they will in the short term, RV the currency consistent with other countries and their financial means to support the currecny at a higher level. Of course the second option is what we all want. And, many think that this "bold adjust" "should happen". But we will have to accept which ever way the CBI intends to take us, we have no control over this issue. I for one have always found myself "wrong" when I get upset about somethig in the world that is not how I think it "should" be. Wasted emotions. Like part of the alcoholic prayer, "accept the things you cannot change". But in any case, the RV is taking shape and whichever direction they (CBI) take, what they have been doing is excactly what you would expect wheather they take it up gradually, or there is an adjustment to real market and value levels. So, what we are seeing does not PRECLUDE a real adjustment in the exchange level to previous levels. i.e. "bold adjust". What they are doing diminishes their liability and reduces the base money supply.And makes it easier for the CBI to support an RV at the higher levels. This slower process also gives the world and Iraqi people time to adjust to the idea that their currency is not at a "fixed" rate. EXACTLY what we would want them to do prior to a larger rise in the exchange rate. Regardless of the speed at which they raise they level of dinar, its becoming just a matter of time. This (time) is the only variable we might disagree on and the only options available to the CBI. The currency is/will rise and we all have made an astute investment. They need to increase the peoples purchasing power so as to allow them to purchase imported goods. Presently, they can not. If they have no purchasing power, then imported goods will not enter the country. So something has to give, the rise in the exchange rate allows more spending on foreign goods and will stimulate more goods moving into the economy to buy. Things will get cheaper for them. An intangible variable is the rise in confidence and well being within the country. One more auction this week and we'll probably see something similiar to what has happenned over the last two weeks. Thank You.

ALL YOU NEGATIVE NELLIES NEED TO HEED THESE WORDS. IF YOU WONT LISTEN TO ME AT LEAST LISTEN TO THIS MAN!

also, fyi, I didnt invent the dates, I passed on information to you all. I wont be doing that if you insist on throwing it up in MY face each time like it was MY date. the dinar is REVALUING RIGHT NOW. that means the date was back in november so shut up.

BEIRUT, 13 December 2006 (The Daily Star)

Lebanon's Make Oil Company is expected to start building a $3 billion oil refinery in Iraqi Kurdistan within one month, company management told The Daily Star on Tuesday.

The firm expects to sign a contract with the Iraqi Natural Resources Ministry in about three weeks and can start construction immediately in Dhouk, near Irbil, Make Oil general manager Ahmad Kheireddine said.

Construction should last between two and three years, and once completed the refinery will be able to handle 250,000 barrels per day, said Make Oil lead engineer Mahmoud Darwish. The company's investors for the Kurdistan refinery hail from the Gulf, Europe and the United States.

Make Oil has also proposed to build a smaller refinery in Dhouk that can launch operations in nine months, while work on the bigger facility continues, Kheireddine said.

Make Oil is also among the bidders to build a $2.2 billion refinery in Basra. That project would take about two and a half years to finish,and would have a capacity of 150,000 barrels per day, Darwish said.

Make Oil's biggest problem in completing the Basra deal is getting to Basra - because of the sectarian conflict in Iraq, company executives are unwilling to travel there to finish negotiating the deal. But Kheireddine expressed hope that the contract would be signed in two or three months if the situation allowed it.

In Kurdistan as in Basra, Make Oil has faced fierce competition from Gulf oil firms, many of which enjoy vast financial resources and experience. The Lebanese say their good relationships with the ministry and the Kurds have helped their cause, and they are eager to build factories and public-works projects in Kurdistan.

The raging war in Iraq has not affected Make Oil's work, nor should the refinery be a target for attack, officials said.

"There's no danger in Kurdistan," Kheireddine said. "It's a separate territory. We're not taking a risk."

Make Oil officials also brushed aside talk of Kurdistan becoming an independent country - Turkey and the US will not allow the Kurds to secede, according to Make Oil deputy general manager Samer Zeitoun.

"This won't happen," Zeitoun said. "Even if this happens, we won't have any problem."

The Kurdistan project will be the first refinery built by Make Oil, which has offices in Germany, Spain, England, Sudan and Syria.

Aside from the Iraqi quagmire, oil prices will continue to climb for a long time thanks to China's strong economic growth, Kheireddine said.

"The Chinese need for oil is increasing," he said.

Despite the recent softness on the market, prices should rise again before the end of the year, Kheireddine said. A barrel of crude cost about $61 when trading opened Tuesday morning, down 20 percent for the year, but up about $5 per barrel since mid-November.

Make Oil clinches lucrative deal to build refinery in Iraqi Kurdistan | Iraq Updates

Iraqi dinar continues to rise at the expense of the dollar Iraqi dinar continues to rise at the expense of the dollar
Baghdad - (Voices of Iraq)

The Iraqi dinar has risen at the expense of the American dollar in the auction the Central Bank of Iraq, and the dollar today, Wednesday, 1414 dinars low price compared to 2 dinars on Tuesday.
The statement said that the central demand for the dollar also declined slightly to about 17 million registered
And 125 thousand dollars, compared with 18 million and 180 thousand dollars yesterday.

Such procurement requests today at seven million and 525 thousand dollars in cash and nine million and 600 thousand dollars in the form of remittances foreign bank has full coverage.
He pointed out that the ten banks participating in the auction, did not submit offers to sell the dollar.

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