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

Iraqi Diner equality to dollar, Zubaidi suggests
27/06/2006
Source: Al-Sabah

Finance ministry & Iraqi central bank study a suggestion about lifting off the worth of Iraqi diner and returning back as the past.

And the suggestion supported by the international bank. Finance minister Bayan Jabr Zubaidi declared that he suggested on bank governor lifting off three zeros so diner would be equal to dollar. on the other hand, he declared his support for national peace initiative.


http://www.iraqdirectory.com/DisplayNews.aspx?id=1583

Baghdad-Yasser acting Secretary-haven
Finance is operating tens of thousands of unemployed and delivery Retirement Law
The Ministry of Finance and the Central Bank a proposal to lift the value of the Iraqi dinar Iraqi returning to normal, and is this proposal and supported the World Bank. This announcement l (morning), Finance Minister Jabr Al statement said : We have suggested to the Governor of the Central Bank raising three zeroes on the Iraqi dinar and the lifting so that the value of the dinar was equal to the dollar

http://www.google.com/translate?u=ht...&hl=en&ie=UTF8

Thanks for the response Mike, very much appreciated mate!

Now off to my crumby job working in the retail industry

Cheers all,

Rob

Originally Posted by krissy72

Hey Mike
what does your sources say about that article that was translated from google, where it said of the 3 zeros being raised on the iraqi dinar, just like to see what your source thought of it

This is a good question I also am wondering what some of the info. sources are saying...

Also I'm still abit confused as to the statement, "raising three zeroes on the Iraqi dinar, and the lifting so that the value of the dinar was equal to the dollar."

How does that change the value for example $1 million dinar if it pegged at $1.00 would it still be valued at $1mill US..(not considering a possible drop in the US dollar?) Any comments are welcomed... thanks..

Originally Posted by nej

Just found this - indicates what is REALLY going on over there!

It's a bit long, so here is the link:


http://www.aijac.org.au/review/2006/31-7/essay31-7.html

Excellent overview.

I have never read a better history on Iraq than Amir has written. I would recommend everyone read this to see that things are not what is presented by major media, which most of us already know. (g)

Good luck to all, Mike

Originally Posted by ezcash

This is a good question I also am wondering what some of the info. sources are saying...

Also I'm still abit confused as to the statement, "raising three zeroes on the Iraqi dinar, and the lifting so that the value of the dinar was equal to the dollar."

How does that change the value for example $1 million dinar if it pegged at $1.00 would it still be valued at $1mill US..(not considering a possible drop in the US dollar?) Any comments are welcomed... thanks..

Greetings,

Not to be a party pooper, but I hear the same as I have since January, .30 to .40, not the .68 being suggested in recent articles. We do know it is a sticking point in announcement, but overall, this is just another good signal that this is indeed on the agenda of decision makers, and that is great. It will rise to a dollar to dollar within 18 months, so overall, I am pleased with what I keep hearing. (g)

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Greetings,

Not to be a party pooper, but I hear the same as I have since January, .30 to .40, not the .68 being suggested in recent articles. We do know it is a sticking point in announcement, but overall, this is just another good signal that this is indeed on the agenda of decision makers, and that is great. It will rise to a dollar to dollar within 18 months, so overall, I am pleased with what I keep hearing. (g)

Good luck to all, Mike

Thank you Mike... you're right... just the talk of it pegging is terrific news and has made my day... I admit my spirits were dragging abit... but todays news has taken me to a new high... I really don't care where it pegs as long as I can re-coop some of my other losses and make being a risk taker pay off... and I am so grateful to have this opportunity as everyone else here is also to have found a winner! Thanks for all the news you and everyone else brings to this forum!

Hey Mike, the iraqi's are probably wanting .30 to .40 and G Bush probably wants .68. I wonder who will win out. Cigarman

De Ja Vu all over again. LOL Funny, everytime I see this thread title I laugh knowing Adam started it and it will never end, never, even after reval and we are all home free. LOL

Good luck to all, Mike

Originally Posted by ourhouse37

praise God and pass the chocolate.

And don't forget to praise Allah too!!

Originally Posted by robmccallum01

So i'm sitting here at my desk sipping a nice warm cup of tea and I damn nearly fell off my chair after reading that article Adster found!!!!!!! HOLY S**T i SAID. My mom comes running in and she's like 'what what...WHAT" LOL. I showed her the article and SHE almost had a heart attack so no more computer for mom hahhahhaha. Great find Adster great find!!!!

Mike, I can't quite remember what you said to my question about the Canadian Dollar and whether or not it would be safe for ME to cash in all of my dinars. You keep talking about a failing US dollar but would I be safe cashing in my dinars for good ol' Canadian dollars??? I am not sure how much you know about the Canuck economy and our dollar....do you think it's safe even if the US dollar fails somewhat?? Can you just imagine if the US dollar fails and along goes with it a major drop in real estate prices (sorry to knock the US dollar). I have been itching to get into real estate ever since I attended a Robert G Allen seminar on RE. I can only imagine how many beautiful homes I'd be able to buy in the US if the US dollar drops and RE prices plummet. Anyhow, back to my question about the CAD Mike...any ideas?

Cheers all,

Rob

Hey Rob,

Not to worry about the Canadian Dollar...it has benefitted from each of the last few tankings of the USD. I am not so sure the USD will hit a true hard bottom anytme soon but it may hit a soft one temporarily. Now the real estate situation is in for a hard bottom and soon in the US. I am going to wait until values tank 35 or 40% before I begin making offers on a new residence. I would not touch a new house right now at these all time high prices. This is surely a good time to sell though, LOL.

danny