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

when the iqd had the big drop from .31, where did it drop to, and how long did it take to hit rock bottom?

Sixty oil fields waiting to be developed as Iraq offers contracts for first time since Saddam
Energy

Financial Post
Published: Friday, December 15, 2006
Iraq, holder of the world's third-largest oil reserves, will offer contracts to develop 60 oil fields, in several batches, starting next year, said Iraqi Oil Minister Hussain Sharistani. Only 20 of Iraq's 80 discovered oilfields are in production, Mr. Sharistani said. The government is waiting for parliament to approve a new hydrocarbons law early next year to start offering contracts to develop the remaining fields, Mr. Sharistani said. Contracts to develop oil fields were given about a decade ago by the regime of former president Saddam Hussein to companies such as Total SA, OAO Lukoil and China National Petroleum Corp. Wars and sanctions have curtailed Iraq's ability to develop its oil wealth.

© National Post 2006

Sixty oil fields waiting to be developed as Iraq offers contracts for first time since Saddam

Over the last week I've purchased 8 million dinars at the Scotia Bank (12 mil from other sources). Today was a little different. Their investment manager introduced herself to me. They had a table near the entrance with cookies and coffee for their customers - that's when I asked her if there was any tea.

She said no but quickly made me a cup of tea in her own office and brought it out to me just like I like it - milk no sugar.

When I finished my purchase, another manager in charge of the tellers, asked me when I planned to return and cash them in - i said between three and six months (although I'm hoping two weeks!).

When I was preparing to leave - the investment manager said to remember her when I come back to cash in.

Without hyping the situation - It was a curious and pleasant feeling that I haven't experienced in a bank before.

Originally Posted by laurenr

This is something I've thought about alot.

If the bank managers around the world know about the Dinar & hear about
when it's about to R/V first.......... won't they all just buy some, cash
them in, then sit on the beach in the Caymens with the rest of us ?

Well just like this guy he really knew nothing about it until it was mentioned. so even when you hear about this currency becoming dealt with by your bank it is doubtfull most even clue in.

Plus this guy may have other reasons like longterm investment in his job or maybe it just hasn't settled in his mind yet the total potencial. He's a creature of habit. Depending on how well invested this banker is he will sing a different tune soon I believe.

Originally Posted by dinartank

Hey danny now i know how these bank managers want to kiss your ass and everything cause its happen to me but i must ask.. if he him self is invested in the dinars then why the hell would he want to sell him self to you on all these bank features about opening this and that cause if he is so gun ho about the dinar then the day it rvs wouldnt he be walking out that door being free to say FACK this place or is he the type of guy that loves his job and becomes wealthy will still work??? some people are like that they have all the money in the world and continue to work..just to keep busy or for the pure greed for the people in high money positions

Any person who would cop an attitude, start performing poorly on the job and maybe walk out the door before dinar profits are in his/her hot little hand would be a fool.

Originally Posted by ordinaryseawoman

Sixty oil fields waiting to be developed as Iraq offers contracts for first time since Saddam
Energy

Financial Post
Published: Friday, December 15, 2006
Iraq, holder of the world's third-largest oil reserves, will offer contracts to develop 60 oil fields, in several batches, starting next year, said Iraqi Oil Minister Hussain Sharistani. Only 20 of Iraq's 80 discovered oilfields are in production, Mr. Sharistani said. The government is waiting for parliament to approve a new hydrocarbons law early next year to start offering contracts to develop the remaining fields, Mr. Sharistani said. Contracts to develop oil fields were given about a decade ago by the regime of former president Saddam Hussein to companies such as Total SA, OAO Lukoil and China National Petroleum Corp. Wars and sanctions have curtailed Iraq's ability to develop its oil wealth.

© National Post 2006

Sixty oil fields waiting to be developed as Iraq offers contracts for first time since Saddam

Bad thing is there's another article written today stating that the Iraqi oil union wants the HCL dismantled. They feel to much is given to the foreign corps. and it steals the wealth from Iraq. Truth be known their probably right.

Originally Posted by Inscrutable

Were'nt we suppose to have a major event within six weeks from the ICI prep meetings date of late October?

I think we were assuming at that time that the "Major Event" was the alleged IAMB meetings that we thought were to take place on the 11th & 12th of this last week. Still no confirmation that they ever took place except for the theory that they were combined with last Sunday's ICI meeting.

As we are talking about Banks I have a couple of funny and interesting story's.

When I first purchased my Dinar back a Year ago I went into my Wells Fargo bank and talked to the stock guy and I asked him about the Iraq Dinar he told me that it probably was the safest investment you could make as it had no where but up to go.

My Financial guy who is great and very knowledgeable I told him and he did not know anything about it. But did research and quickly bought some and now has also purchased the Dong.

My friend went to put her Dinar in her safety deposit box and got talking with the Bank guy and he said he had his in a safety deposit box in that Bank also.

But then you get the not so smart Bankers like the other day I went to get my cashiers Check for my Dong and she asked me if I would like to put what the Check was for on the receipt. I said yes to put Vietnam Dong. So she said to me oh your buying currency I said yes that I was investing in Iraq Dinar and Vietnam Dong so she said my friends are doing that as well. So I told her to buy some as it would be a great investment and she looked at me crazy and then ignored me. Which indicates she knows about it but has no intension of buying any. The funny thing was at the time they were playing Presidents Bush speech about how we were not going to fail in Iraq.

So my question is this if you know about it why would you not at least invest $100 it could still change your life?

I think it is way scarier not to try than to lose!!!!

Imagine knowing about it and saying it wont happen so you did not put $100 in instead you went to dinner and a movie. Then it hits it would be like having the winning lotto ticket in arms reach but never reaching for it. I truly feel sorry for some who have no imagination or guts.

Dinar-Excited

Originally Posted by Dinar-Excited

As we are talking about Banks I have a couple of funny and interesting story's.

When I first purchased my Dinar back a Year ago I went into my Wells Fargo bank and talked to the stock guy and I asked him about the Iraq Dinar he told me that it probably was the safest investment you could make as it had no where but up to go.

My Financial guy who is great and very knowledgeable I told him and he did not know anything about it. But did research and quickly bought some and now has also purchased the Dong.

My friend went to put her Dinar in her safety deposit box and got talking with the Bank guy and he said he had his in a safety deposit box in that Bank also.

But then you get the not so smart Bankers like the other day I went to get my cashiers Check for my Dong and she asked me if I would like to put what the Check was for on the receipt. I said yes to put Vietnam Dong. So she said to me oh your buying currency I said yes that I was investing in Iraq Dinar and Vietnam Dong so she said my friends are doing that as well. So I told her to buy some as it would be a great investment and she looked at me crazy and then ignored me. Which indicates she knows about it but has no intension of buying any. The funny thing was at the time they were playing Presidents Bush speech about how we were not going to fail in Iraq.

So my question is this if you know about it why would you not at least invest $100 it could still change your life?

I think it is way scarier not to try than to lose!!!!

Imagine knowing about it and saying it wont happen so you did not put $100 in instead you went to dinner and a movie. Then it hits it would be like having the winning lotto ticket in arms reach but never reaching for it. I truly feel sorry for some who have no imagination or guts.

Dinar-Excited

Sister you got that right on. Those afraid to fail always do. Nothing ventured nothing gained. This woman will want a crying towel soon.

Originally Posted by Dinar-Excited

As we are talking about Banks I have a couple of funny and interesting story's.

When I first purchased my Dinar back a Year ago I went into my Wells Fargo bank and talked to the stock guy and I asked him about the Iraq Dinar he told me that it probably was the safest investment you could make as it had no where but up to go.

My Financial guy who is great and very knowledgeable I told him and he did not know anything about it. But did research and quickly bought some and now has also purchased the Dong.

My friend went to put her Dinar in her safety deposit box and got talking with the Bank guy and he said he had his in a safety deposit box in that Bank also.

But then you get the not so smart Bankers like the other day I went to get my cashiers Check for my Dong and she asked me if I would like to put what the Check was for on the receipt. I said yes to put Vietnam Dong. So she said to me oh your buying currency I said yes that I was investing in Iraq Dinar and Vietnam Dong so she said my friends are doing that as well. So I told her to buy some as it would be a great investment and she looked at me crazy and then ignored me. Which indicates she knows about it but has no intension of buying any. The funny thing was at the time they were playing Presidents Bush speech about how we were not going to fail in Iraq.

So my question is this if you know about it why would you not at least invest $100 it could still change your life?

I think it is way scarier not to try than to lose!!!!

Imagine knowing about it and saying it wont happen so you did not put $100 in instead you went to dinner and a movie. Then it hits it would be like having the winning lotto ticket in arms reach but never reaching for it. I truly feel sorry for some who have no imagination or guts.

Dinar-Excited

All people have their own oppinion and prejudices. It is said that our experience determine our response and action. Well maybe this teller doesn't even know where Vietnam is or never reads the news. That might explain her initial reaction to your suggestion. But I would.

Happy r/v!

theBat$