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

Originally Posted by Pippyman

Hey DayDream...

Dont worry about it. The one thing is that the article you posted is from last month. This recent was from today. Alot can change in a couple of weeks! I still dont think this was a misprint. We just need to find out if the reporter inserted this amount or it was the minister of Labor that clarified it.

Oh believe me...I don't think it is a misprint either.

Cheers!
DayDream

Originally Posted by mike brown

can we get the link verifying that Cheney bought 750 million dinar?

This is in the Rumor section where it belongs.

Originally Posted by OneShotOneKill

I was wondering that as well.. Was there an article?

OSOK

Dick Cheney did not buy any dinars because HE CAN'T...the President and VP of the USA must have all of their investments in blind trusts because of the horrific potential for conflict of interest!! If Dick does have any dinars, he most certainly does not know it yet and will not for another 2 years. It was a crock.

Originally Posted by Gloribee

Thats not 50 words, maybe we should report Neno...oh wait a minute, he's Our Mod !!!, sorry Neno, I'm just caught up in the excitment... you woot all you want.

Gloribee

If this turns out FOR REAL, which it Looks VERY GOOD right NOW. All rules will be Broken. No, Just Most. I am egarly waiting for HardWood to get a responce back from the London Editor.

Originally Posted by Pippyman

There is no link....it was a "he said she said" type rumour. But it would not surprise me if current US officials had bunches of dinar laying around....

Why do you think that Bush Created the Investment Law for the US to be able to Invest in IRAQ? Including their Currency.

You know the one odd thing about that 1st article I posted?

A source in the Ministry of Finance stated that Mr. Jabr Al-Zubaidi declared, during his meeting with the Minister of Labor and Social Affairs Mahmmoud Al-Sheikh Radi, the decision of his ministry to specify one billion dollars (that is, one trillion and 500 billion iraqi dinar to help the unemployed set up small projects for themselves to provide a decent living for their families. He said: work of this project will start with the beginning of next year.

The dinar wasn't valued at 1500 dinar at that time!

The second article I believe was referring to the same article as above but probably truer to the amount which would be 1480 dinar based on the above 1 billion, but still not the rate at that time!

Wasn't there a recent article referring to the dinar rate being/returning to 1500? Just curious.

Cheers!
DayDream

Originally Posted by danny51

Dick Cheney did not buy any dinars because HE CAN'T...the President and VP of the USA must have all of their investments in blind trusts because of the horrific potential for conflict of interest!! If Dick does have any dinars, he most certainly does not know it yet and will not for another 2 years. It was a crock.

danny, what you say makes complete sense, any high profile investor, gates, buffett, gates, same thing i'm sure...

Originally Posted by ronbo

My turn for a silly question!
Earlier SGS posted she had gotten an email stating that we were just waiting for the HCL to get done. And the rate was set at .90 euros. That would put it at what, around a buck 30. I am not questioning shotguns email, I am just confused!
Someone help me

Right now the Euro is worth USD $1.31. .9 Euros would be worth $1.18 USD

Originally Posted by DayDream

You know the one odd thing about that 1st article I posted?

A source in the Ministry of Finance stated that Mr. Jabr Al-Zubaidi declared, during his meeting with the Minister of Labor and Social Affairs Mahmmoud Al-Sheikh Radi, the decision of his ministry to specify one billion dollars (that is, one trillion and 500 billion iraqi dinar to help the unemployed set up small projects for themselves to provide a decent living for their families. He said: work of this project will start with the beginning of next year.

The dinar wasn't valued at 1500 dinar at that time!

The second article I believe was referring to the same article as above but probably truer to the amount which would be 1480 dinar based on the above 1 billion, but still not the rate at that time!

Wasn't there a recent article referring to the dinar rate being/returning to 1500? Just curious.

Cheers!
DayDream

Hummmm,

I Missed this one. Man, does the know here have a link for this one? Or was this wrote off?

Interesting,

A source in the Ministry of Finance stated that Mr. Jabr Al-Zubaidi declared, during his meeting with the Minister of Labor and Social Affairs Mahmmoud Al-Sheikh Radi, the decision of his ministry to specify one billion dollars (that is, one trillion and 500 billion iraqi dinar to help the unemployed set up small projects for themselves to provide a decent living for their families. He said: work of this project will start with the beginning of next year.

If we have read right, they want to help 100,000 people getting loan to start a business, and here we have $1B set aside for this, then as I see it, isn't this $660M at the quoted 10K dinar which is $6.600. announced. As in 100,000 X $6,600. = $660B. Just trying to make sense of it myself, so it looks plausable after all figuring administration costs. It is late and I don't have my calculator. (g)

Happy Holiday Season to all, Mike