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

Originally Posted by Adster

Welcome Mike, tis a goody that's for sure!

And there's more...

Stop Adam because i will buy another million LOL

Originally Posted by Adster

Ok, just teasing you guys, am in a mischievous mood!!

Read the sentence from 'who aspire to the restoration'......

The pre-90's rate 3.41:1 :0))))))



Minister of Finance, the Iraqi dinar is equal dollar
Baghdad-Adel Mehdi life-28 / 06 / 06 / /

Minister of Finance Statement Iraqi boat, "that the ministry and the Central Bank of studying a proposal to raise the value of the Iraqi dinar. and the return to normal ". Heymann, a minister, the concerns of the banking and business circles, as well as citizens, Fearing exposure to the Iraqi market due to the pressure of the implications of such a procedure, What may lead to some sort of instability in the terms of trade, and in the calculation of the value of the dinar exchange rate of foreign currencies, On top of the dollar.

The managing director of the Credit Bank of Iraq Fuad Al-Hosani, the statement by the Minister of Finance b "very important". However dinar equal dollar, "he said, pointing out that it is pleasant Lnvos Iraqis, who aspire to the restoration of Iraqi currency, as they were before the 1990s of the last century, He wondered whether the national economy in its current status, able to move to the stage of the equality dinar dollar "? However, well-focused much of the statement of the minister on the boat to support the World Bank proposal, He said : "The study of the current state of affairs makes it have to satisfy to give a final opinion in this matter".

He said the managing director of the International Investment Bank Assyria Zuhair Al-Hafiz. "The proposal Minister Al needs to take a careful account of the repercussions of the security conditions on the Iraqi economy. which make it unable to absorb any defects that might affect the business dealings, in the absence of the proposed study carefully ".

He wondered Alternate Director Basra International Bank for Investment Badi thought : "Is that the international debt reduction for Iraq, and increased liquidity resulting from higher oil prices, enough to take such a decision "? He added, "is important in this connection to take into account the study as a result of the decision dinar equal dollar repercussions on the local commercial transactions, and how to avoid any disruption to the transfers of traders and banks

Yesyes-YES! This does sound fanTAStic...but what EXACTLY does this mean? I mean, they could NEVER just WHAMMO! Reval at $3.41, could they? The last sentence sounds as though they are still looking into it...break it down for me in simpler terms? I think I may still be feeling the effects of sniffing my lastest (last) shipment of dinars! (actually like the smell now....)

Originally Posted by Adster

Anyone want some more good stuff???????????????????????????????????????????

YES-YES-YES!!!!

What they intend to get back to Tiff.....:0)

Call to Speed up Publishing of Foreign Investment Law
28 June 2006 (Baghdad: Al Sabah newspaper) -- A well-known expert in the shares and securities market has called for a speeding up of the enactment of Iraqi foreign investment law and the development...

Originally Posted by tiffany

YES-YES-YES!!!!

I'll have whatever she's having.........

Originally Posted by Adster

What they intend to get back to Tiff.....:0)

Goody for us! But 'gradually', right?

Another quickie...what about what is being said about having a 'unified currency by 2010' ? Does that mean that we will have to exchange what we have by 2010....?

Great news adster!!
But your latest news have already been posted. But who cares?
come to daddy

Originally Posted by tiffany

Goody for us! But 'gradually', right?

Another quickie...what about what is being said about having a 'unified currency by 2010' ? Does that mean that we will have to exchange what we have by 2010....?

I would think most of us would have cashed out by September at 1:1!!!! Even if they unify the currency there will be a time to exchange your dinars before it happened.

At 1:1 I would offload 75% of my stock. :0)

Originally Posted by Adster

I would think most of us would have cashed out by September at 1:1!!!! Even if they unify the currency there will be a time to exchange your dinars before it happened.

At 1:1 I would offload 75% of my stock. :0)

I know what you mean! I am so anxious right now I can't wait! I honestly can't see myself keeping them til 2010! (not even close! )


So they're calling for a speed-up of the Foreign Investment Law....We need this to be done for a peg/reval? or no...