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

Originally Posted by bluezzguy

If you're like me Gloribee, you just kind of shrugged it off as I did. I think we're all more aware, and wondering what the reasons for the differences are now because of Neno's connection and thread in the rumor section, where he is being told that the market is setting the price.

I want the rights to Shabbibi's book when this is all said and done..:)

Randy

The market should be "setting the price" and if the correlations I have looked are are true to the test, we should be seeing a rapid increase in value. If you look at the numbers posted a few posts back, it shows that momentum is picking up. If that momentum steadily increases as it looks to have been doing...this could be a very exciting New Year!

Originally Posted by D-Day

Read - http://www.iraqdirectory.com/DisplayNews.aspx?id=2844

Now again an article about the Investment Law is telling me this are done.

Maliki told us yesterday, today the implementation of oil project in Kurdistan with foreign company.

These guys are enacting it all at the moment and we cannot verify it because the Official Gazette is down!!

Budget that is $3 billion more to $44 billion!

Next week will be the ride of our lives with more and more information to come out.

Originally Posted by barmurphy

Would you know what the US equivalent would be it it went to 1000

$1/1000=.001

Originally Posted by sallyl

A friend of mine phoned Barclays Bank (in the UK) to order some more dinars today and was told that "there are no more dinar in the UK"

When she asked if they could get some for her she was given this answer.
"No not at the moment - we can't get a single dinar and there is none left to sell"

Why ? my friend asked.
"Because Iraq is about to re-value the currency"

The banks here now know this then.

I just received my order from NatWest yesteday ordered online delivered right to my door NatWest using exchange rate (British £) 2534.24/1 needless to say more has been ordered

Iraqi FM urges Russian giant Lukoil to return to Iraq
29/12/2006
Source: Kuna

Iraqi Foreign Minister Hoshyar Zibari discussed with Russian Ambassador here on Friday Vladmir Gamov the possible return of Russian oil companies including LUKOIL Company to Iraq.

A Foreign Ministry statement added that discussions during the encounter touched on other issues pf common interest including the political and security developments as well as bilateral relations and operation of Russian companies in Iraq.

Zibari said that his government is very interested in allowing the Russian oil companies to return to the country to take part in the reconstruction and referred to the 2007 budget totaling USD 41 billion.

Also discussions touched on readiness of the giant Lukoil to send a delegation here to discuss oil issues of concern.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2846

Originally Posted by sallyl

I hope you get a new order from RBofS but I do know that in my area both Halifax and Barclays (via my friends info) cann't get anymore as from today.

Time will tell, but I just thought I would share my tidbit of news here.

As I understand it, each bank has their own supply or source. When that source or supply dries up...well, we know what that means, don't we?

Originally Posted by moneyhunter

Not sure what to think of this. I picked up a 500K order on Wed with no problems and again ordered 500K from chase just right now and got it at the rate of .00079640, or $398.20 per 500K. I won't get it until Tues, but they way it works is, as long as i have bought it and have a receipt, they cannot tell me on tuesday 'sorry, but the dinar has revalued, so here is your money back'. I doesn't work that way. It is mine already if it goes up or down. No implications that there is a shortage....i am going back tomorrow or later today........

Hunter:

Hunter: I just got back from Chase here in Glendale Az. I had ordered 1 mil. last friday the 22nd. I paid .00079100. It was ordered in small denominations. When I picked it up it was in 10,000 dinar notes. I have always asked for small denominations but I always just got 25,000 dinar notes. Anyway I ordered 3 mil more today and there was no problem. They rate has gone up in one week to.00079640 same as you paid today.
I think sally's friend may have misunderstood her teller. It is my opinion that when the dinar does RV it will catch everyone by surprise. I do feel that there is something going on or onada and other currency trading firms would not continue to drop the dinar. Here is to a soon RV
Im1vestr

Originally Posted by Ranger III

Greatstuff's post here is in my opinion well thought out, accurately analyzed,
beautifully written, first class and on the money.

Thank you, Greatstuff.

Yeah, what he said...hey quit reading my mind, the voices don't always agree with each other...LOL

Originally Posted by boomcreek

The market should be "setting the price" and if the correlations I have looked are are true to the test, we should be seeing a rapid increase in value. If you look at the numbers posted a few posts back, it shows that momentum is picking up. If that momentum steadily increases as it looks to have been doing...this could be a very exciting New Year!

Yes, I agree BC, the market SHOULD be setting the price. But, for so long, it seemed like nothing affected the CBI.. all the months of exchange rates in the 1470's. Now, finally, movement, and as you said, momentum.

Might have been in other bews, but good news is good news!

Is the Iraqi economy crashing through here?

--------------------------------------------------------------------------------http://www.iraqupdates.com/p_articles.php/article/12993

29 December 2006 (American Thinker)
Print article Send to friend
Are we watching a John Ford western taking place in Iraq, where the private economy is in the role of the cavalry, riding to the rescue? In a column today in the New York Post called "The Boom Outside Baghdad" Amir Taheri contributes several possible tiles to this mosaic. Yesterday, AT pointed to the now 10% rise in the value of the Iraqi dinar since August. Yes, this appears to have been stimulated by an increase in the Central Bank of Iraq (CBI) interest rate to 16%, but (a) this rate is not out of line with the inflation rate in Iraq of 50% and (b) if there was panic about the future of Iraq, no measures of this type would increase the value of the dinar.

We do not yet have enough information to come to a firm conclusion, but it appears there is a good chance that Bush's bet on the heart of the Iraqi people may be coming home here, in spite of the best efforts of the nihilists.

We don't want to panic now if we have arrived at the critical moment for the future of Iraq. Economic activity suggests that we may have arrived at that point.