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

Originally Posted by rodney ewalt

The spread is the difference between the asking price and the selling price in any given market. The term spread does not apply to the exchange fee and if you have an account with the bank it is very likely that they will not charge you any fee at all.

Thanks Rodney,

Could you give me an example of how the spread works? Could a spread be predicted? And if it can are you game?

Monica

Originally Posted by readytogo

Thanks Rodney,

Could you give me an example of how the spread works? Could a spread be predicted? And if it can are you game?

Monica

Hey Monica,

In the market like stocks or commodity futures the spread between the ask and the sell often changes. It just depends on what the market makers are will to buy or sell for.

As for predicting what the spread will be, well, yes it can sometimes be predicted but only as well as the market price can be. What some traders like to do is what they call spread plays, that's where you simultaneously buy long in lets just say corn for December delivery and sell short corn for may delivery and when the trader covers the position he hopes to make a profit because of the difference in the spread.

When the Dinar becomes a world currency, we will be able to trade it on the futures market as well.

Does anyone know what boards it will be traded on, if any.

Originally Posted by Adster

Guys, nothing has changed newswise really, word is as it was before in my posts.

I'm also outta here for a few days after today. We bought an apartment in Valencia, Spain a while back and we need to get out to sort out paperwork etc. Could do without it really but has to be done! Wouldn't be surprised if this thing hits and I won't know about it, lol.

Hey Dinar Gang, It has been brought to my attention that there has been a terrible accident in Valencia, Spain where Adster and his wife were going to finisih some paper work for a apartment.

I really am not to worried about them, But thought I would go ahead a pass on the info so everyone could remember them in a prayer for their well being. Another Dinar Gang member has informed me of this.

I am watching the News for this now. So everyone remember Adam and his wife in there prayers tonight until we hear something. I dont mean to interupt the thread with this as it was a private message to me, but as a Moderator I ask for a prayer needs to be said for our guy Adster and Family for their safety. I am going offline now.

Prayers going out for Adam right now. Let's hope he and Mrs. A are sitting safely in a pub somewhere in Valencia.

Originally Posted by Treater

HSBC has branches in Kuwait and Jordan, and have a license to do business in Iraq. They don't charge for exchanges, but it will be wise to shop around regardless. They might have an expensive spread, so it is a true must to shop around for the best deal.

Thanks Treater, it is funny when I rang around last week to find if HSBC could sell me or knew anything about NID's, they just simply did not want to know about it

03 July 2006 (Baghdad: Al Sabah newspaper)

The Minister of Planning and Cooperation Development, Dr. Ali Galib Baban, has disclosed that oil industry development requires at least 30-40 billion dollars of investment in order to undo the damage of the last three years, and that the improvement in security conditions is connected to the reduction in unemployment, currently estimated at 30%.

During a press conference held at the Ministry, Baban said that Iraq is at the present time unable to release such large amounts of capital, either through foreign investment or through loans, as both already incur a huge cost on the fragile economy.

He explained that the fuel crisis is due to the difficult security situation, which has caused the major refineries to work at only one tenth of capacity, thus remaining unable to meet demand. In addition to this, there is the problem of smuggling, which includes the removal of both petroleum products and crude oil.

He continued by saying that gross Iraqi oil and non-oil exports for the year 2005 totaled about 24 billion dollars, marking a yearly increase of 31.8% over 2004, with total exports estimated at 18.6 billion dollars. The UAE occupied first position for exports receiving 37% of exports, followed by Syria at 33.%, then Jordan at 24%.

He added that the standard indicators for 2004 issued last June had disclosed a reduction of 5.1% in fruit and vegetable production, fisheries' production dropped by 14.5%, and agricultural production by 3.5 %, while there was an increase in animal production of 4.1% as compared to 2003.

Baban referred to the new investment laws currently being discussed by the Council of Ministers and the National Assembly, saying that the intended law will cover both local and foreign investment and allows for incentives such as land ownership by local investors and transfer of profits from Iraq.

He expects that the country is on the verge of a large investment bonanza, and has applied the most advanced technology available to the new administrative procedure, which will help both the public and private sectors in running new businesses and organizations.

Big Srappin Hugs and Prayers for you all!! You have always been very good and helpful to me.Take the best of care and your in my thoughts!!!!
benzboy

thanks for the great post guys.by being right in the middle of iraq. news spread outward not inward so thanks to all

04 July 2006 (Baghdad: Al Sabah newspaper)

Specialist teams from the Public Company of Iraqi Ports at the Ministry of Transport are carrying out an ambitious investment plan which will lead to an increase in the operational ability of Umm Qasr port at the southern tip of the Basra governorate. Work is to be carried out over this year to increase the loading and unloading capacity to over 7 million tons, as compared to the 4.4 million tons realized during 2005.

An authoritative Company source explained in a special statement to AL Sabah that the plan's execution hinges on increasing the loading and unloading capacity of the port, offering a large road transport network for both imported and exported goods by expanding and renewing land transport, increasing allocated spaces to be manned with qualified staff and completing the operation of bridge forks, as well as the addition of 18 maritime clocks at the port. This is in addition to starting work on the completion of a further two docks leading to the receipt of more ships estimated at over 1,250 different weights, as compared to the 763 ships that docked last year. This will raise the operational capacity of goods this year coming into Iraq to 7.25 million tons.

The plan is comprehensive both in approach and execution, as the Ministry of Transport is concerned about Iraq's current total dependence on foreign ports, particularly those of Jordan, Syria, Kuwait and the UAE. Use of foreign ports costs the Treasury vast amounts of capital and in the meantime Iraqi Ports stand unused and undeveloped.