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

Baghdad, as-Sabah, July 19, P1
The Ministry of Finance is investigating looking for what it called that one of the ministries’ undersecretaries had taken billions of Iraqi dinars as a private brokerages, this came as a violation to the Iraqi law.


An official source at the ministry, requested anonymity, stated to as-Sabah daily in a telephone call that the Minister of Finance Baqar Jober Solagh has adopted various procedures and issued a decision calling for freezing this undersecretary and halting him from work.

http://www.alsabaah.com/paper.php?so...page&sid=27019

Quote:

---

Originally Posted by pipshurricane

Baghdad, as-Sabah, July 19, P1
The Ministry of Finance is investigating looking for what it called that one of the ministries’ undersecretaries had taken billions of Iraqi dinars as a private brokerages, this came as a violation to the Iraqi law.


An official source at the ministry, requested anonymity, stated to as-Sabah daily in a telephone call that the Minister of Finance Baqar Jober Solagh has adopted various procedures and issued a decision calling for freezing this undersecretary and halting him from work.

http://www.alsabaah.com/paper.php?so...page&sid=27019

---

Hmm last week someone robs a Iraqi bank of one and a quarter trillion.. and now one of the undersecretaries takes billions of dinar... some one over there must believe its all going to be valuable soon... I think that's good news!:tongue:

Quote:

---

Originally Posted by ezcash

Hmm last week someone robs a Iraqi bank of one and a quarter trillion.. and now one of the undersecretaries takes billions of dinar... some one over there must believe its all going to be valuable soon... I think that's good news!:tongue:

---

Yes I couldn't agree more. Why would you just steal paper are launder it if there was not something merking in the future.

Hey ezcash! D'ya know what's REALLY FUNNY!?! I was the one who posted about the RETRACTION! :biggrin::rofl: I completely forgot about it...TO MUCH INPUT! TOO MUCH INPUT! :blush: :wacko: :drinkbudd

Neno... I guess we just have to grab what ever limmer of hope we can find no matter where it's coming from......:wink: :drinkbudd :cheers:

Quote:

---

Originally Posted by ezcash

Neno... I guess we just have to grab what ever limmer of hope we can find no matter where it's coming from......:wink: :drinkbudd :cheers:

---

Hummmmmm,

Remember what Mike and Adster said, As we get closer it will get stranger and crazier. Well, I would say this is exactly what is happening. It just keeps getting stranger and crazier everyday.

Quote:

---

Originally Posted by tiffany

Hey ezcash! D'ya know what's REALLY FUNNY!?! I was the one who posted about the RETRACTION! :biggrin::rofl: I completely forgot about it...TO MUCH INPUT! TOO MUCH INPUT! :blush: :wacko: :drinkbudd

---

Tiffany... toooo funny:rofl: Well I remember thinking when I saved it ... I'm so glad I found this re-traction because I would have felt like a real "dummy" telling a CPA that a professional TOLD us we could do it!!:nono: Oh well all the more proof we really need pros but I still appreciate any tid bits I can get... I can sort them out later...
libby:rofl: :beer: :drinkbudd

Quote:

---

Originally Posted by neno

Hummmmmm,

Remember what Mike and Adster said, As we get closer it will get stranger and crazier. Well, I would say this is exactly what is happening. It just keeps getting stranger and crazier everyday.

---

aaaand, eerie as the Iraqis would like to see, feel or cry over it as the explosions continue...:sads:

Quote:

---

Originally Posted by ezcash

Hmm last week someone robs a Iraqi bank of one and a quarter trillion.. and now one of the undersecretaries takes billions of dinar... some one over there must believe its all going to be valuable soon... I think that's good news!:tongue:

---

Not necessarily - currency and its value is all relative.

To the undersecretary living in Iraq on Iraqi wages taking 1.5 billion dinar IS a lot of money - to us it isn't because our perception of dinar is in terms of its equivalency in US$.

But if you lived there and were on a wage of even 100,000 dinar per year (which I imagine would be a HIGH wage) then 1.5 billion dinar is a VERY large sum.

I am a great believer in the revaluation - but don't necessarily subscribe to the notion that a theft by an underscecretary being an indicator that it will definitely happen.

Quote:

---

Originally Posted by neno

Yes I couldn't agree more. Why would you just steal paper are launder it if there was not something merking in the future.

---

merking?