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

It will be the perfect moment for a BIG feast for ThanksGiving...





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Originally Posted by caregroup

It will be the perfect moment for a BIG feast for ThanksGiving...





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But It will be a better Labor day party in September. We can feast later.

I am with you Neno! I have Labored much too long!

Another point he made of importance..Sorry bits and pieces are popping around in my head... was the Foreign Investment law means.. that Iraq "Guarantees" a payment or refund on any capital invested with Iraq... (I didn't catch if the
law has passed yet for rest of Iraq..) This to encourage foreign investors... Also mentioned the ISX getting ready to launch is another reason it has to peg soon..
(Neno sorry, he did not give a date) Mentioned that there are about 3-4 cabinet members being replaced for the better.. and this would also help the process of things .. not hinder... mentioned this so people would not think of
the change as a negitive... Confirmed smaller notes are printed.. just not released yet.. ok.. my brain is drained... like I said someone will post the transcript for the juicy details... nite...This is worth bringing out the Bacardi.. Flygirl enjoy your wine.. we don't need sleep anyway...

Your right ezcash, You can alway sleep!!!!

Just heard on the news that Iraq is headed for a civil war that will likely split the country along ethnic lines. Any ideas how that might affect the dinar or timeline?

Prime Minister Maliki said they (and presumably the Coalition forces) won't let that happen. I can't help wondering if all the hub-bub over this "civil war" issue isn't part of the public relations to cool a lot of flack the Bush administration will get over sending another 5,000 troops to Bagdad, which we dinar holders would benefit from as they can provide support/security for the trucks delivering the smaller denomination dinar notes to the various local banks. Also, I haven't seen you post very often... if you are new to this forum it would be wise to go back 20 pages or so and read the forum.
Blessings On YOU! AL

There are reports knocking around about the FIL being ratified. Something they're being careful about to NOT announce to curb speculation IMO as the FI Law and r/v go hand in hand.

Also a big deal that parliament have not gone on leave, tells me something BIG is right round the corner.

We're closer than ever folks.

Sounds good Adster!!
Cant wait for more news

Just read this on another forum!!!

Dear Fellow Investors,

I thought I would also add my two cents to this and clarify a little of what transpired on the call. As most of you know, I am the Dinar dealer associated with Dr. Q.

Dr. Q. did state that he believed that a revaluation was going to happen this month. I mentioned the 14th and he said probably sometime between that and the 20th. He said that there are many different meetings going on this month, and he believed this was leading to the revaluation.

In regards to the MOF being kicked out, he told me that this was going to happen when he was here a few weeks ago. It appears that the MOF’s “zero lopping” statement caused a lot of people to change their views on his qualifications. He also restated his belief that a zero lop was not going to happen (by the way, we have spoken to our bankers at the Trade Bank of Iraq, as well as the Jordan National Bank, and they discredit the zero lopping theroy as well).

The Dr believes that Al-Shibibi, the Governor of CBI will take the MOF position. He was asked twice before and declined (which he told us all about before the press did). As many of you know, Al-Shibibi is the Dr’s sister’s husband. This doesn’t necessarily mean that he is on the phone with him every day, but they are related.

As far as a value, he thinks 100:1 to open, but could and probably would rise to 1:1 fairly soon afterwards. We have discussed in private the .possibility of it opening at 67 cents which he did not say it was impossible, but went on to say if President Bush had the final say it would open at 1:1. So the .67 cents opening is not out of the question.

For all those who don’t know, Dr. Q does have a PhD in Economics and is a very well respected businessman, not only in Iraq but all over the Middle East. He is a member of the Iraqi Chamber of Commerce, and is on the reconstruction board. He owns two businesses in Iraq, one of which turns 20 years old this year, and one in Jordan which has received special recognition from the King of Jordan. For anyone who was in Iraq during the 80’s, he also owned the Orchid, which was a very well-to-do country club.

None of us have a crystal ball, as was said on the call, because we all thought this would have happened last January after the elections, and probably would have if it wasn't for the government problems.

But as most on this board believe, so do we. This is our month!

For what its worth…

Thank you,