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

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Originally Posted by gogreen

Having read the latest pros and cons of the IQD issues especially the one from prettyctk made me wonder who really is right. Both sides of the arguments make sense, but I really hope that Adam, Mike, cigarman etc. are right with their arguments for a 1:1 or greater revalue. I was thinking as to why would Iraq even consider a 1:1 or greater revalue to benefit all the outside investors and having to cough up trillions of dollars which they don't even have. And this argument concerning the oil that the revenues from this commodity will take care of financing such a high revalue can't be right because it will take years before they can pump out enough oil to benefit the country to the point where they could perhaps cover some of that revalue of 1:1. It seems to be more and more difficult to me to understand how they could ever come up with this kind of money to support this hoped for revalue just to make outside invetors rich and the average Iraqis still not benefiting themselves. It just doesn't make any sense. I personally have a few million IQD's and hope for the best but as I see all these different arguments I am afraid that this is another losing venture. I really hope for a miracle though.

All the best wishes to all here,

gogreen

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Remember Quwait (sp) ....When Sadaam's army retreated, if my memory serves me right, the oil fields were all torched and it was left in total chaos.

They started out by forgiving all mortgages etc for the people. That didn't make the IMF etc. happy and their currency was pegged real low. Now they are what...3.3 /1?

Also, I understand that when they revalued the Afghani (sp) theyt revalued it at 100 times over night. A country whose main exportable product is opium.
That was totally unexpected by the way.

Yes yes..this is info I heard at Freedinar. So what. It is true. So to me, the key is to look at what the world has already experienced in a similar scenario and apply it to the present scenario to arrive at a reasonable probability of what might happen with the dinar.

I am not one that necessarily buys the timeframes being given. I will be happy, happy, happy if they happen. But I am in for the long haul and believe we will see a good return .

So, Sunshine, keep on shinin'. Hold em....unload them 1/3 at a time like has been suggested.

BILL

Feeling very good here! Thanks Adam!

Monica

Very good news all Keep it up, and while your at it PUSH that Reval along ,and HIGH> LOL

After disappointment of SI...I am feeling very very good. Not looking to be millionare just want to be debt free.:cheer:

Source : Al - 19/07/2006
The Iraqi prime minister Nuri Maliki yesterday that the Iraqi government of national unity is finalizing a draft investment law to open the way for major oil companies to invest in Iraq.
Maliki stressed the importance of investment to develop the oil industry, terming them 'promising prospects' for Iraq to enjoy the wealth of natural and economic potential and fertile ground for investment.
Maliki position came after his meeting yesterday at the headquarters of the Council of Ministers in Baghdad, Minister of Energy secretary Samuel American visitor.
Maliki said that 'investment will lead to the country's advancement in the areas of services, reconstruction and job creation to eliminate unemployment, would have an important role in the eradication of terrorism'.
He said that 'whenever we made progress in our battle against terrorism have tended strongly in the fields of construction, reconstruction and improvement of services', stressing the government's attempt' to abort their plans of terrorists who are trying to stop the wheel of building and construction '.
The Maliki, 'the most important safeguard for the protection of investments is the legal guarantee that we are in addition to the president legislation to stabilize security in the country'.
For his part, Minister of Energy American country's readiness to provide support and assistance to the government and people of Iraq especially in the areas of energy, to meet the needs of the oil sector, the electricity system and providing technical assistance as well as expand the horizons of cooperation in the fields of investment and attract capital and the training of cadres Iraq Yeh.
The Iraq and the US signed the day before yesterday, a number of bilateral trade agreements aimed at boosting economic and commercial cooperation between the two countries.
It is noteworthy that the Iraqi prime minister had suggested in a letter addressed to the United Nations Secretary-General Kofi Annan to develop a draft economic partnership sustained between Iraq and the international community (on behalf of the International Covenant for Iraq) was based on a common vision to develop Ataraml process of the transformation of the Iraqi economy and its integration with the economy less Wem and international developers, and hold a donors conference in Baghdad, Iraq, activate investment.


http://64.233.179.104/translate_c?hl...language_tools

Excellent News... C'mon reval!!! Debit free soon:cheer:

Justchecking.we all took the beating together. I was to become a millionair with the funds from SI. so now will have to settle with just living comfort able.

US Energy Secretary: Oil Production Recovering
US Energy Secretary: Iraq's Oil Production Recovering
19/07/2006
Source: VOA

The U.S. Secretary of Energy says it may take about six months to restore Iraq's oil output to pre-war levels of 2.5 million barrels a day.

Samuel Bodman made the comments in Baghdad Tuesday, where he called Iraqi estimates that they could boost production to three million barrels a day "optimistic."

Bodman also said Iraq is working on a new "hydrocarbons law" intended to set a legal framework to attract and regulate badly needed investment by foreign oil companies.

He said Iraqi officials hope to finish the law by the end of this year.

Iraq has the second largest oil reserves in the Middle East, but oil production suffers from years of sanctions, war, and insurgent attacks on key infrastructure.



I'm not very good at math so I'll let someone else run the #'s. Thsi is only talking about oil. Now take the above referenced barrels per day multiply that by the cost per barrel. Now extrapolate that (love that word) over a year. Now those of you who think Iraq can't support a high reval on the trillions of dinars in circulation are crazy.

Take a peek at this link...so called 'expert predictions' that weren't correct! :biggrin:

Came from IIF...a member was advised against investing in the .com opportunity...he DID NOT listen and made a truck load of money...he used his noggin'! :cool:

http://www.heartquotes.net/Expert.html

I found it VERRYY interesting! :cheers:

and besides it's not like as soon as the reval hits EVERY dinar will be cashed in. It doesn't work that way. It could take years for some of that currency to be exchanged, and as far as the currency our government holds, that is all "on paper" anyway, GW is not going to go the bank in a semi truck and say "can I get that in 20's"