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

Monica, I agree with you. And do you think that he would even think of sharing that news with a bunch of stranger? He is kidding or what? I just think they needed someone tonight and he was it. He didn't have a clue as to what was happening in his country.

Originally Posted by Raditz

Guys, if you saw what marek posted, this server will go down soon. And i cant manage to be without this for another 24-48 hours.

So i just setup a temporary forum when this is down. Check it out and see if it works ok

:: Index

Yes, thank you so much Raditz it's working just fine. At least I will have a good weekend! LOL.

good luck to us all

I guess the truth is, IF security and peace comes to the REGION, not just Iraq, then economic revival will start and over some years everything will work out. I desperately need a reval yesterday, but I have to think it's an unrealistic dream.
However, I give way to those that have real inside information, if it is real and not hearsay or wishful thinking or worse still a hyping of Dinar sales. Seems like a lot of sales of pieces of paper that are going to be worth millions of $'s, why not just sit on them instead of selling them for a few dollars today when this reval is so "imminent". It simply in the cold light of day doesn't sound realistic does it?

Originally Posted by readytogo

Hey flygirl,

I too was disappinted with the call. It was pre-recorded and not quite up to date. I do appreciate the fact that freedinar was able to get the cousin of the CBI on the call, eventhough he was pretty clueless about the reval.

I'm hoping that the cousin will be able to get some info about the reval from the Gov of CBI.

That too was a little puzzling to me. Why does the cousin of the CBI not know about the reval? I would think all the Fam would know and be able to make a fortune off of the soon to be reval. Don't you?

Monica

Somehow I can't see the Governor of the CBI giving out info with regards to a peg amount, no chance!

I'd take these calls with a pinch of salt, they're dealers.

Dear oh dear oh dear - don't we all have moments like these. Come on Dinar guys time for a boost to the confidence. Mike, Adster, Cigarman all of you great guys we know you can do it.

Money laundry

According to Para (e) of Article 7 of the Anti Money laundry Law that Stipulates “The Central Bank of Iraq Shall write and provide Financial Institutions with a list of individuals and entities that those financial institutions should report about their dealings when discovered , to the related Body of the Government of Iraq “


Now why would they add this if the currency would stay the same at the low value?????

Something big is happening guys!!

Money Laundry

11 August 2006 (Azzaman)
The Central Bank has raised interested by two points from 10% to 12%.

The hike was widely expected as the bank struggles to persuade Iraqis to keep and boost their bank savings amid an unprecedented surge in violence.

Unidentified gunmen have recently targeted several banks in Baghdad and other provinces.

The government has declined comment on these attacks, but officials refusing to be named say millions of dinars tens of thousands of dollars have been stolen.

The hike is the latest bid by the bank to maintain confidence in the currency. It appears the bank is determined to preserve the exchange rate of the currency despite evident lack of confidence in the banking system.

Central banks normally resort to higher interest rates to bring torrid markets under control and stamp out any inflationary pressures.

In Iraq’s case, the hike is counterproductive and only meant to increase confidence in currency among the population.

Business is sluggish in the country. All economic sectors are in need of investments from both local and foreign entrepreneurs.

The service sector is in dire conditions. So is the industry.

The bank’s only achievement since the 2003 U.S. invasion has been the fixed exchange rate of 1,500 dinars to the dollar.

The rate has been maintained thanks to the surge in oil prices.

Just been reading from some stock experts in New York. They feel it will float at a small rate but it could go as high as $1.59 after the first day and reach around $2.88 after a year-18 months. Supply and demand and the demand is there. This is higher than I imagined!

Now who's NOT liking this more than a peg of .68?!

Originally Posted by Raditz

Money laundry

According to Para (e) of Article 7 of the Anti Money laundry Law that Stipulates “The Central Bank of Iraq Shall write and provide Financial Institutions with a list of individuals and entities that those financial institutions should report about their dealings when discovered , to the related Body of the Government of Iraq “


Now why would they add this if the currency would stay the same at the low value?????

Something big is happening guys!!

Money Laundry

Raddy/guys, you know what this means????