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

[QUOTE=cigarman]The peg announcement will not be made on July 21. It has been delayed for several weeks. I kind of warned you this might happen so please don't shoot the messenger!

I suppose a delay wouldn't be so bad...as long as the reval takes place at the level we are looking for.

Cigarman...this was a rumor on another forum, correct?

Does anyone have any input on what the odds of a delay might be, or do those with good sources still think between now and the end of August is a fairly good bet?

Thanks for any input...

Yes, to answer your question it had to do with Israel situation. IMHO I think it would be a perfect time for them to slip a high reval in. Remember, Israel is holding several billion dinars and you know that all middleeast countries hate Israel.

Thanks for your reply, Cigarman...perhaps you can elaborate on what you mean so I can understand the political dynamics better, i.e., how a high reval now would be a stab in the back to Israel.

No free2b, the reval would be good for Israel since they own billions. I know that they have to hold it for 5 years but everyone knows that Israel is hated throughout the middle east. Why would Israel have billions of dinar if they didn't know it would be worth alot of usd?

Oh OK...I see your point. Thanks for explaining.

Originally Posted by cigarman

No free2b, the reval would be good for Israel since they own billions. I know that they have to hold it for 5 years but everyone knows that Israel is hated throughout the middle east. Why would Israel have billions of dinar if they didn't know it would be worth alot of usd?

Just wondering,

How do you know that Israel owns billions of dinar?

Thanks,
Monica

Hey All

Cant believe anyone here had missed the interpretation of this article from Al-Sabah that we are familiar with. Probably has already been posted but who can keep up with this thread....lol
Anyway here it is....(not going to post the whole article as per copyright)

...seems clear to me what this article is stating about the dinar......



http://www.portaliraq.com/news/Propo...__1112069.html

Proposal to make Iraqi dinar equal to U.S. dollar reviewed

Thursday, July 6th 2006


"The Ministry of Finance and the Central Bank of Iraq are studying a proposal to raise the value of Iraqi dinar and make it equal to the U.S. dollar......


Source: Al-Sabah "

bob, have PM you, was away from computer (use internet cafe),
thanks mate :)!!

well if their trading stocks on the 27th there must be R.V before that.

its all good then.

we are folllowing the big money.

cant go wrong.

my guess is maliki will RV b4 going to states so he doesnt look like the puppet he obviously is :)!!

no offense Maliki if your hiding out on rolclub as Cigarman, hence how he knows so much - here in Australia, we have a puppet called John Howard!

sometimes he looks a bit like a ferret...

anybody tried Coopers Pale Ale??!!

hell screw that - lets drink french champagne!!!

Nej, sorry I didn't answer your question re the 40% tax, have only just come back on line. Yes, anything above £33,300 for 2006/7 would be taxed at 40%, whether income or Capital Gains.

Thanks Adster for the info on banks. I tried both the Nat West and HSBC yesterday and neither of them had a clue what I was talking about. Both said they were not selling or buying....maybe it's a welsh thing! lol They did suggest I tried M&S (Marks and Spencer) as they give a good rate of exchange! Thought I'd have a go but they also told me they didn't deal with them and also suggested the probability of zero lopping. They don't know what we know, obviously!

I read with interest all the info re offshore accounts etc. I wouldn't mind a trip over to Switzerland to set up an account, maybe we could all go over en mass!

I'm away this weekend visiting an aunt who will be 87 years old on Sunday, must go and wrap her pressies.

Have a great weekend everybody.

Megansgirl