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

From a couple of points to now double digits. Wouldn't it be nice to see it advance to triple digits?!

But speaking more into the reality of things. I'm looking to see the rate go below 1350 then my next marker would be going lower then 1000. After this, I think the sky will be the limit with caviar dreams finally being our reality.

Originally Posted by MrsCK

Can anybody get the Offical publication website to come up?

link: www.uruklink.net

It's not working on my end.
Network Error (dns_server_failure)

Your request could not be processed because an error occurred contacting the DNS server.
The DNS server may be temporarily unavailable, or there could be a network problem.

For assistance, contact your network support team.

I can't get it either: Server not found .... ez :)

Originally Posted by MrsCK

CP great minds think alike - we both were trying to get it and posted about the same "second" LOL

Ok I have never seen this site off line - maybe one of the old timers have but I don't recall it being off line.
So this gives us two things:
1. a HUGE HMMMMMMMMM
or
2. FARM JIGGGGGGGGGGG

I am very excited sorry I have not posted an farm jigs that last few days - did want to get folks as excited as I am.
But sorry folks - I'm with CP - EXCITED EVERYDAY!!!

Exactly what I was going to say!!!

Originally Posted by $onedaysoon$

just found this page is NEW IRAQ CURRENCY

PLEASE LOOK AND LET ME KNOW WHAT YOU THINK

New Iraqi Currency / New Iraqi Dinar

ok 5 dinar note on link above is a 1982 note see link below to view
and the other 5 dinar note is a 1959 issue see link below
and the 1/2 dinar is a 1993 issue
so why are these listed in NEW IRAQ CURRENCY? they need to change it damn
Google Image Result for http://www.iraqidinars.com/images/400_p70.jpg

Originally Posted by Precocious

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).

Not trying to be argumentative, but there are assumptions on both sides which are baseless. This is a general statement not directed at you personally, but at some of your assumptions which others share.

The CBI never said it was moving towards a 1345 rate, nor did it say it would move in a slow and steady manner. It was the IMF which recommended that. Not the CBI. No one knows the CBI's planned policy and that's as it should be. They could go slow and steady or implement a large sudden rise. No one knows but the CBI. However, they do not seem to be targeting 1345. They are going to pass that very soon. Things are FAR different than at the time the IMF made those recommendations.

The IQD in circulation went from 20 trillion in August to 14 trillion now. Therefore the CBI has, at least, 6 trillion IQD, in their coffers we know as fact. Plus whatever they have removed, per their stated policy since this report. (At least another trillion). Considering the percentage which is in speculators hands versus what Iraqis use on a daily basis in their market ecomony, that 6 trillion would probably cover ANY amount of IQD which would be cashed in, 1 for 1.

Another point I feel is always overlooked, is the fact that their reserves are always quoted in USD. They are approaching USD 15 billion in reserves. However, this does not mean the reserves are held entirely in USD.

How much of this USD 15 billion is held in IQD??? Certainly several trillion. Especially if they are holding smaller denominations for later use. If anyone knows what percentage of reserves must be held in foreign currency, we will know the answer to this question.

Also, what about the $5 billion they deposited with the Federal Reserve a couple of years ago? Was it in IQD or USD? They had just printed new currency, at that time. I suspect it is in IQD and just stated in USD as they do and did most of their financial reporting then.

Regardless, based on facts, the CBI has well over 7 trillion IQD. They do not need Oil, Gold or Debt Forgiveness to cover ANY IQD 1 for 1, and then some.

Again Precocious, not directed at you personally. Just using your posts as it contains several points, used by many others, that I felt needed further discussion.

Best Regards.

Originally Posted by CharmedPiper

Exactly what I was going to say!!!

Don't know about you CP but I'm more excited about this website being off line then the 12 point drop from CBI this morning!!!!!!!!!!!!!!!

OH RV RV RV RV

ÇáÍßæãÉ ÇáÚÑÇÞíÉ ÇáÇäÊÞÇáíÉ

Originally Posted by Socata 850

I don't know about you, but summer in the Caymans is too HOT. Now a little vacation in the winter time, say the end of January perhaps, is just right. NOW THATS WHAT I'M TALKIN' ABOUT !!!

I dont know about you but I have been to the Caymans in summer and swimming with the stingrays in 30C water was one of the best experiences of my life. I really dont care when I go but I will visit Stingray City again soon. I hope you all swim???

Is this anything?

News

Statement Issued from the CBI
Concerning the Acceleration
Inflationary Phenomenon
(Arabic Version)

17/اب/2006

Press Release

The Governor of the Central Bank OF Iraq held a press conference on Monday 26TH of Dec. at 1:00 O'clock PM. , addressing the announcement of the International Monetary Fund granting Iraq credit arrangements in the equivalent of USD 685 million within a stand by agreement , H.E. touched on the benefits Iraq will gain out of those arrangements and economic reforms , also tackling on the agreement with the creditors regarding commercial debt exchange and the write – off of some countries to a large proportion of their debts on Iraq .
H . E . referred to the most critical economic problems Iraq is facing which were left behind by the previous regime and how important the arrangements granted to Iraq are in building an overall stable economy achieving economic development that will facilitates the reintegration of Iraq with the international community .

The conference was attended by Senior Officials from the CBI and a number of audio visual media means with local and international newspaper reporters.

News

Originally Posted by sallyl

Is this anything?

News

Statement Issued from the CBI
Concerning the Acceleration
Inflationary Phenomenon
(Arabic Version)

17/اب/2006

Press Release

The Governor of the Central Bank OF Iraq held a press conference on Monday 26TH of Dec. at 1:00 O'clock PM. , addressing the announcement of the International Monetary Fund granting Iraq credit arrangements in the equivalent of USD 685 million within a stand by agreement , H.E. touched on the benefits Iraq will gain out of those arrangements and economic reforms , also tackling on the agreement with the creditors regarding commercial debt exchange and the write – off of some countries to a large proportion of their debts on Iraq .
H . E . referred to the most critical economic problems Iraq is facing which were left behind by the previous regime and how important the arrangements granted to Iraq are in building an overall stable economy achieving economic development that will facilitates the reintegration of Iraq with the international community .

The conference was attended by Senior Officials from the CBI and a number of audio visual media means with local and international newspaper reporters.

News

December 26, 2006 didn't happen yet....?