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

AEI - Events

Under Event Materials Click on video link on the right then click on General Jack Keane from the list below the video.

This came from across the street but Gen. JK has the best comments/opinions stating security and economy go hand in hand.

Between the 25:30 and 26:30 timeline.

If you right click the video frame you can slow down his speech to drunk, quite funny.

Originally Posted by Mike5200

The dinars we cash in will not be going back to Iraq anytime soon, the banks we hand them over to will probably hold them for the next rise. The Iraqis will not be cashing in their dinars for dollars at a 1 to 1 rate-what would be the point?

The Iraqis won't be cashing in at all. They will simply revert back to only using their own currency. They are well aware of the potential that their currency has.

They know that they are set to have the riches of old Babylon back to where it belongs!!!!!

[QUOTE=Gloribee;157204]

Originally Posted by Mike5200

what would be the point?[/QUOTE]


The point is ...Were all going to be rich in a couple days !!!!!

Gloribee

From your mouth to God and Shabibi's ears darling!!!!!!!!!!!!!!!!!!!!

Originally Posted by duck2000

while it would be nice to hold there it will fall short term we and the iraqi cash in then begin to rise by market demand!!

I believe the IQD will be hard pegged to whatever currency is chosen (USD or Euro). If that happens, you will see no drop passed a very tight range, if at all...Things may be fragile in the beginning and why take a chance on disaster...They know the strength will eventually come.

Also, if it is strongly implied by the markets, and I suspect it will be, that the powers that be, want the IQD to return to the 1:3+ level, then you may actually see a small increase in value, since most of our IQD will end up in the hands of more bullish speculators.

Even if it takes 10 years to reach 1:3+, that is a 300%+ return on investment, which is outstanding for 10 years.

Saturday, January 06, 2007 Iraqi Ministry of Planning allocates $10b for investment projects
(MENAFN) Iraqi Minister of Planning and Development Cooperation stated that his government has earmarked $10 billion from this year's budget to execute investment projects in local areas focusing on governorates that suffer from insecurity, lack of services and unemployment, Iraq Directory reported. The minister pointed out that several Iraqi ministries have achieved only 10 percent of the investment projects of the overall planned projects of last year. He said that his ministry will focus on resolving this issue policies through reducing unemployment rate and increasing peoples' income. He added that the ministry will set plans and proposals in cooperation with concerned ministries in order to find solutions for the current situation. He also announced his ministry's new plan for enhancing investments in the country. It is worth mentioning that the Energy Committee in the Cabinet had reached the final stages regarding the issuance of a new oil legislation, which will allocate oil revenues to different Iraqi provinces according to the number of their residents.
Copyright ©2000 MENAFN All Rights Reserved

Trade Bank of Iraq - Your Trade and Investment Partner in Iraq

Originally Posted by Cyberkhan

The Iraqis won't be cashing in at all. They will simply revert back to only using their own currency. They are well aware of the potential that their currency has.

They know that they are set to have the riches of old Babylon back to where it belongs!!!!!

Unless your name is Maliki and you want to do as other have and move to the good Ole USA and keep us company!

The Iraqis want their country to get back to normal, whatever that might be, they want peace and security, be able to walk the streets without someone shooting at them and their children to be able to grow up and enjoy a democracy without some disturbing their future!

Maybe, maybe, but it appears that there are only three-four portions of Iraqi with sever security problems, one for media look/see and of course to make America look bad and cause us harm and humiliation!

what im saying that any exchange in large form wiil cause the dinar rate to fall short term then go as market demands this will happen ask mr knowles!

Originally Posted by wellwishes

I believe the IQD will be hard pegged to whatever currency is chosen (USD or Euro). If that happens, you will see no drop passed a very tight range, if at all...Things may be fragile in the beginning and why take a chance on disaster...They know the strength will eventually come.

Also, if it is strongly implied by the markets, and I suspect it will be, that the powers that be, want the IQD to return to the 1:3+ level, then you may actually see a small increase in value, since most of our IQD will end up in the hands of more bullish speculators.

Even if it takes 10 years to reach 1:3+, that is a 300%+ return on investment, which is outstanding for 10 years.

You are absolutely correct. The initial peg will be just that. The flucuations that will be seen are only in the pegged currency.

The initial peg will be a good time to unload a portion of your dinar (or all depending on your situation, risk tolerence and patience).

The next few days are the most exciting yet!!!!!!!!!

Originally Posted by wellwishes

I believe the IQD will be hard pegged to whatever currency is chosen (USD or Euro). If that happens, you will see no drop passed a very tight range, if at all...Things may be fragile in the beginning and why take a chance on disaster...They know the strength will eventually come.

Also, if it is strongly implied by the markets, and I suspect it will be, that the powers that be, want the IQD to return to the 1:3+ level, then you may actually see a small increase in value, since most of our IQD will end up in the hands of more bullish speculators.

Even if it takes 10 years to reach 1:3+, that is a 300%+ return on investment, which is outstanding for 10 years.

refer to my quote!!!

Earlier this morning I posted part of an article on the NINA site listing the CBI's auction results from Sunday 1-07 at the exchange rate of 1325. Just thought I'd let you know it is now GONE!

Cheers!
DayDream