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

Originally Posted by Loops

Looks like their going to lop 3 zeros over judging by an article over at IIF.

Hope you guys have got your dinars in warka.

Otherwise its gonna be hard to get rid of your hard cash in time.


Sorry once again to be the bringer of bad news.

http://www.investorsiraq.com/iraqi-d...al-dollar.html

Funny,

And here I though you were coming around? LOL

Good luck to all, Mike

1:.00068 and 1477:1 are interrelated ratios.

1 divided by 1477 gives you the.00068(roughly), or 1 divided by.00068 gives you 1470(again rough conversion)

The essence is that you are stating the same thing, whether you say 1USD equals 1477 dinars, or 1 dinar equals .00068 USD.

Originally Posted by ourhouse37

Are you going to be at the PegParty Danny? I can see that you and I might have to debate a few points. Are you suggesting that Allah and God are separate? I'm thinking one God, lotsa prophets and various. We'll get to politics later.

There is just One...Yaweh = Allah = God = I AM

Yep I will be at the PegParty and I enjoy a good natured debate...I am pretty conservative and also a veteran. Now GO DINARS!!!

LOOPY.....LOOPY.....LOOPY.....what we gonna do with u boy????...now where does that article even mention the word looping???....is this where u got your name from loop???.....lol....go back to that forum.....and stay there.....GO DINARS....Pat

Originally Posted by tiffany

Does anyone know "WHEN" this real-estate "drop" is going to happen? I reallyreallyREALLY need a new house that has an extra bedroom!

The "drop" has already begun to manifest itself in the Pacific Northwest amid incredible inventories of homes for sale and low demand. Over the next six months those million dollar mansions will be selling for half that. I got my eye on a place in Spokane WA that is currently listing for 1.5 million, LOL

on another forum a guy had an Arab translate the interview and he understood it to say that they have decided that 1 dinar is equal to 1 usd but they have not decided what to do next. Maybe the meeting next week will give some good news. Cigarman

Originally Posted by cigarman

on another forum a guy had an Arab translate the interview and he understood it to say that they have decided that 1 dinar is equal to 1 usd but they have not decided what to do next. Maybe the meeting next week will give some good news. Cigarman

Wow!! The News just keeps coming. Unbelievable. cigarman I might just might have me one (BigFat Cuban one).

Well, don't light up just yet. Some other guy got an email that stated that the date was set for July 21st but for some reason now they have until October to reval. I wish Adster would comment on that post because it makes no sense to me. They kept using xxxxxx for some word or name. I'm assuming it meant the U.S. or President Bush. Apparently we gave them until October to get their house in order. I personally believe the date will be July 21st because that person said it was set in stone. Like I said it was a weird post. Cigarman

xxxxx In order to give the Iraqis an open window it was determined by xxxxx to enhance the peg opening of the Iraqi Dinars to as late as of October 1 of 2006. xxxxx So yes it is still set in stone for currently on July 21 but xxxxxx will give the Iraqi Finance Ministries maximum opportunity to resolve the final remaining issues and obstacles for succeeding. The Iraqi Financial Ministry has formally requested to renegotait the new value of the New Iraqi Dinars. This rate will be determined based on new inflation figures and total economic impacts from Iraq all three sectors. xxxxx

There was other detail in the e-mail but the main point is the peg can be delayed by Iraq and could happen anywhere between July 21, to Oct. 1, 06. Sorry, please don’t shoot the messenger!

Here is the post. Cigarman

pretty sure that xxxxx is not related to any US entity. probably some world bank or monitary organization. but no idea if this is real.. would be nice to know.

also, doesn't seem to me like this really puts the time "between" july 21 and october 1. i think it is saying that the deadline might have been extended from july 21 out to october 1. it could still happen tomorrow as i read this. and i think they have to do something very fast, either reval or freeze or retract this statemen or things will go extremely crazy.

I don't know if it's real or not, but I don't see how they could wait that long since the cat got let out of the bag so to speak. Talking about a run on the bank. Cigarman