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  1. #33731
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    Quote Originally Posted by Precocious View Post
    YES, but Iraq only produces $65 Billion dollars worth of oil per year, at $60 US dollars per barrel. That is the world market price. So your $1 Million dinar is not the problem. It is the additional Trillions of Dinar that are in circulation compared to what the country produces; that is the problem! The don't have the Trillions of US DOLLARS worth of goods to back up an equal valued currency while they still have so much Dinar in circulation (14 Trillion).

    So.... you think the IMF, World Bank, Iraqi officials, banking officials of the world MISCALCULATED THE AMOUNT OF DINAR TO PRINT????
    "The expert at the "Central", Majid Assuri, expected a remarkable improvement in the rate of the dinar, due to the low dollar exchange rate, over the next couple of months."

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    Iraq to offer contracts for developing 60 oil fields



    MENAFN - 18/12/2006




    (MENAFN) Earlier this week, Iraqi Oil Minister said that his country will offer contracts to develop 60 oil fields in several batches, starting next year, Canada's National Post reported.

    The minister said that only 20 of 80 discovered oilfields are in production
    in the holder of the world's third-largest oil reserves.

    The government is waiting for parliament to approve a new hydrocarbons law early next year to start offering contracts to develop the remaining fields, the official 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.

  3. #33733
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    Quote Originally Posted by $onedaysoon$ View Post
    did it take that long for them to find out the rate decreased?

    06/26/2004 0.32240
    06/27/2004 0.32240
    06/28/2004 0.32240
    06/29/2004 0.32240
    06/30/2004 1460.0
    07/01/2004 1460.0
    07/02/2004 1460.0
    07/03/2004 1460.0
    FXHistory - Historical Currency Exchange Rates

    compared to http://www.cbiraq.org/C.B.I.%20FOREI...20AUCTIONS.pdf

    june 19th 2004 - july 13th 2004 : 1463

    also note CBI 2004 rates jumped 100's of points in just days, but the currency was new and so was the auction.

    Exactly!

    They changed it overnight to the program rate.

    So I am certain that they had always the plan that when they are ready with their laws and reforms they can change it back to a level they can backup and want.

  4. #33734
    Senior Investor $onedaysoon$'s Avatar
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    Economic : Fair (control and automation) in France

    Baghdad-Sabah
    A delegation from the Federation of importers and exporters in the Iraqi conference and exhibition (control and automation), which was held in France. This was stated by Al (morning) fixed Albldawi / Chairman of the Federation of importers and exporters Iraqis and said :

    We will participate this the exhibition to get acquainted with the latest-art technology in the control and automation He pointed out that the EU will the invitation French investors for investment in the Iraq and benefit from the new Investment bill, which was approved by the Chamber of Deputies recently, and added must be armaments the new thought of economic open aware that the world fallen under the influence of factors of money, business, and the economy will not be no place under the sun logos, as well as the recognition of attracting investments French will provide job opportunities and develops economy and works to transfer technology We need badly after decades of drop-the world, and explained Albldawi that it is in light of this evolving realities activities are of conferences, conventions, and exhibitions organized with the French of exceptional importance By bringing a considerable number of businessmen investors and industrialists and contractors with their counterparts from various countries of the world and offering potential for broad cooperation and build links document and partnerships and to enhance and develop the commercial relations between the two countries.


    Translated version of http://www.alsabaah.com/
    Central Bank of Iraq concluded many agreements with the World Bank and the International Monetary Fund and the Paris Club countries, which seeks to restore Aldenarlemkanth (THE DINAR) as it was in previous decades 3/13/2007

  5. #33735
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    Iraq-Currency
    Dollar demand down in Iraqi Cenbank auction
    By Dergham Mohammed Ali
    Baghdad, Dec 18, (VOI) – Demand for the U.S. dollar was lower for the second session running on Monday, reaching $12.125 million compared to $24.930 million on Sunday.
    The Iraqi central bank said in its daily statement it covered only $12.95 million of received bids at $4.645 million in cash and $7.450 million in foreign transfers.
    The exchange rate was 1,388 dinars, 12 dinars lower than Sunday’s rate. None of the eight banks that participated in Monday’s auction offered to sell U.S. dollars.
    Ali al-Yasseri, an exchange company owner who participated in the auction, told the independent news agency Voices of Iraq (VOI) the daily decline in exchange rate was not supportive to the market and it would reflect negatively.

  6. #33736
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    Quote Originally Posted by jsfletcher View Post
    Gingrich calls for Marshall Plan to revive Iraq's devastated economy


    http://www.jacksonville.com/tu-onlin..._6826699.shtml
    Hes alittle late isn't he.He must not have heard of the ICI...

    Once again to the Caymans

  7. #33737
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    Quote Originally Posted by billknows View Post
    We'll see a major adjust in dinar value Midnight Jan 1st, 2007
    How do you know this?

    worf
    Are we there yet? I'm getting really tired of waiting and I am getting wet from all of the dribbling. Come on you know it is the right thing to do for your country. R/V the thing in 1 large dramtic move to over 1 usd at least (1 sdr will be fine for a start) will ya?

  8. #33738
    Senior Investor $onedaysoon$'s Avatar
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    الاقتصاديةEconomic : نظرية المحفظة الاستثماريةThe theory of portfolio investment :

    مكي محمد ردامMakki Mohammed Rdam
    تنطلق نظرية المحفظة الاستثمارية من الفرضية الاساسية بان الناس تبحث عن المردود الاعلى لاستثماراتهم لكنهم يكرهون الاستثمارات الخطرة.The theory of portfolio investment based on the basic premise that people are looking for higher returns on their investments but they hate the hazardous investments.
    اي ان الناس بشكل عام مستعدون للقيام باستثمارات تنطويThis means that people in general are ready to make investments involving

    The risk that the revenue high enough (and royalties consist of the annual profit for each dollar investor) If there were two of the assets drug revenues equal, people will follow the investment more secure and alienate the people from low-risk assets to stocks and real estate, which has a high risk, such assets must be given the highest payoff.
    Hence, we analyze how the theory of portfolio investment portfolio distributed to various origins (a variety of investment areas) or in other words Lalla Bick put in one basket) as a popular proverb toddler addition to this.
    It studies the theory of portfolio investment that the optimal portfolio might include a mix of assets with high risk and low risk, which may include a few risk assets current accounts in banks give interest is not surprising, therefore, that many families keep their money in the world as part of its strategy to invest their money, and not for purposes of transactions only.
    As for the other components of the portfolio accounts showed that the distribution of wealth to the people of a wide range of investments-shares of various public and the types of bonds and real estate might also enable them to obtain a good return of their money without being exposed to risks or unacceptable risks.
    The financial portfolio theory one of the most popular fields of economy, science and raise it on the money, banking and secondly, because people want higher returns when recruiting assets and property, but they do not like the assets at risk.
    The findings of economists candidates for the Nobel Prize Markoinch Harry James Koppen investors seeking to achieve the greatest benefit may distribute wealth (ie diversifying their financial Mahfezthm) between the various asset serious.
    It is this kind of research very important for the modern theory of finance. And people with cash reserves as an asset, they want to protect wealth against fluctuations in economic life.
    Avoid laying the eggs in one basket, and basketball only wish all investors to use one asset is very safe.
    This may be the origin bank accounts is ongoing high returns.
    Or it may be something like a liquid currency, and perhaps the expense of the provision of funds or coffers. All the raw material for investment.
    It should be noted that Article (15) of paragraph 6 of the draft law on investment has given (for the investor) foreign portfolio investment in the ownership of immovable properties in common shareholder or founder or partner in the Iraqi companies and contributing limited private and mixed.
    The draft defined portfolio investment in the same paragraph (6) b :
    .), And intended investment portfolio : a series of investments in stocks and bonds according to the controls established by the Central Bank and other relevant agencies.

    Translated version of http://www.alsabaah.com/
    Central Bank of Iraq concluded many agreements with the World Bank and the International Monetary Fund and the Paris Club countries, which seeks to restore Aldenarlemkanth (THE DINAR) as it was in previous decades 3/13/2007

  9. #33739
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    Quote Originally Posted by Precocious View Post
    YES, but Iraq only produces $65 Billion dollars worth of oil per year, at $60 US dollars per barrel. That is the world market price. So your $1 Million dinar is not the problem. It is the additional Trillions of Dinar that are in circulation compared to what the country produces; that is the problem! The don't have the Trillions of US DOLLARS worth of goods to back up an equal valued currency while they still have so much Dinar in circulation (14 Trillion).
    Are we quite certain of the number 14 trillion dinars in circulation now? With all of the efforts of the cbi to remove dinars from circulation in addition to some countries holding them out of circulation, I think that number may be a bit high. Time will tell!

    worf
    Are we there yet? I'm getting really tired of waiting and I am getting wet from all of the dribbling. Come on you know it is the right thing to do for your country. R/V the thing in 1 large dramtic move to over 1 usd at least (1 sdr will be fine for a start) will ya?

  10. #33740
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    Hello all, Great news that you all have been giving. I think that we need not worry about the CBI not having the funds to back up a large reval. Remember there where 5-6 countries that have said that they would hold the dinar for up to 5 years before flooding the Iraq government with all of the dinar that will be cashed in. Remember the big boys are not going to let this slip through there fingers, they know how much this baby will be worth later.
    Just my 2 dinar worth
    Great luck to all
    Trapper

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