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

I understand that lifting 3 zeros off the exchange rate would give us .68 = 1 dollar, but how does this make the dinar equal to the dollar?

Very exciting find, even if the meaning isn't clear. Isn't this the first proof of an Iraqi official, in this case the Minister of Finance, actually discussing the prospect of changing the value of the dinar as it relates to the dollar? Of course, there was that quote from somebody last year who said the dinar would rise significantly against the dollar in 2006...was that from an official of the
CBI?

What a nice way to start the morning!

Caroline

ARBIL, Iraq • Iraq's northern Kurdistan region plans to adopt a law to lure foreign investors with long-term tax holidays and hefty concessions on duties, while the rest of Iraq battles a raging insurgency.


"We want to make Kurdistan the commercial door of Iraq," said regional Prime Minister Nishirvan Barzani, adding that a bill promoting foreign investment will be put forward in Kurdistan's parliament.

"The text, which will be adopted next week by the parliament, will open the doors to foreign investment. Kurdistan is the best place in Iraq because it enjoys safety and stability," Barzani said.
The prime minister said the new law would guarantee the rights of investors and that it opens all sectors to investment.


The new investment-friendly law, consisting of 26 articles, is said to be liberal enough to lure foreign money into the region. It will allow foreigners to repatriate their profits and also enjoy a 10-year tax holiday.
http://www.thepeninsulaqatar.com/Dis...0 62771450.xml

OMG! I can't believe some of the news coming out today! I think it is time to dust off my dancing shoes!

praise God and pass the chocolate.

Originally Posted by Caroline

I understand that lifting 3 zeros off the exchange rate would give us .68 = 1 dollar, but how does this make the dinar equal to the dollar?

Very exciting find, even if the meaning isn't clear. Isn't this the first proof of an Iraqi official, in this case the Minister of Finance, actually discussing the prospect of changing the value of the dinar as it relates to the dollar? Of course, there was that quote from somebody last year who said the dinar would rise significantly against the dollar in 2006...was that from an official of the
CBI?

What a nice way to start the morning!

Caroline

Interesting,

We are starting to see leaks, and this is good, for it is testing the markets and putting more pressure on the powers to be. This will also put a stop to the growing citizen revolts, so this is another good sign.

As to equal to dollar statement, remember, the dollar is set to plunge, so this may indeed end up being 1: to 1:, so hold onto your dinars friends, don't exchange them all for dollars too soon. (g)

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Interesting,

We are starting to see leaks, and this is good, for it is testing the markets and putting more pressure on the powers to be. This will also put a stop to the growing citizen revolts, so this is another good sign.

As to equal to dollar statement, remember, the dollar is set to plunge, so this may indeed end up being 1: to 1:, so hold onto your dinars friends, don't exchange them all for dollars too soon. (g)

Good luck to all, Mike

I will only be exchanging enough to pay my U.S. bills to start, still leaving me plenty for later.

Originally Posted by pipshurricane

ARBIL, Iraq • Iraq's northern Kurdistan region plans to adopt a law to lure foreign investors with long-term tax holidays and hefty concessions on duties, while the rest of Iraq battles a raging insurgency.


"We want to make Kurdistan the commercial door of Iraq," said regional Prime Minister Nishirvan Barzani, adding that a bill promoting foreign investment will be put forward in Kurdistan's parliament.

"The text, which will be adopted next week by the parliament, will open the doors to foreign investment. Kurdistan is the best place in Iraq because it enjoys safety and stability," Barzani said.
The prime minister said the new law would guarantee the rights of investors and that it opens all sectors to investment.


The new investment-friendly law, consisting of 26 articles, is said to be liberal enough to lure foreign money into the region. It will allow foreigners to repatriate their profits and also enjoy a 10-year tax holiday.
http://www.thepeninsulaqatar.com/Dis...0 62771450.xml

Exactly,

And this is where foreign investment deals are already under way, not with the big three, but still, it is all under way, and this is another good indicator of what is happening behind the scenes in this region where there is little fear of terrorists. Think back to the exchange of so called swiss dinar and it was a totally different exchange than in Baghdad, in fact, 150 times more. Think about that for a minute and what does it tell you? The revalue is going to happen soon. (g)

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Exactly,

And this is where foreign investment deals are already under way, not with the big three, but still, it is all under way, and this is another good indicator of what is happening behind the scenes in this region where there is little fear of terrorists. Think back to the exchange of so called swiss dinar and it was a totally different exchange than in Baghdad, in fact, 150 times more. Think about that for a minute and what does it tell you? The revalue is going to happen soon. (g)

Good luck to all, Mike

Where is Tiff?! Sleeping in? Great news Mike, the excitement is building.

Mike, can you please explain your reference to the Swiss dinar?

I have no idea what you are talking about.

Thanks so much.


Caroline

Originally Posted by choochie

Where is Tiff?! Sleeping in? Great news Mike, the excitement is building.

Sure is, even I am getting excited now. LOL We have all been on a roller-coaster ride with PIPS that it can get a little old after all this time, but I truly believe we are all going to be homefree shortly, so hang in there. Funny thing is, I am still hearing .30 to .40? (g)

Good luck to all, Mike