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

Thank you dear man, for doing all the legwork on this. Hoooray! and Merry Christmas.

Thanks for this lightrayspips, am finding most of my time looking for articles on Iraq at the moment. Sense we're on the verge of something huge. Too many plus signs going on and the above for me could well be the icing on the cake.

Originally Posted by Offshore-Wealth.com

Interesting,

Spam, who cares, just don't use your real phone number if you don't like being called. Not that UK members are getting hit with nothing more than email, but be aware that you will get a call in US promoting SendOutCards deal, so if you don't want to be called, put your VM or fax number in registration.
https://www.sendoutcards.com/

The funny thing about TrafficDinar is they first started site to promote their other businesses and thought that the interest in the Iraqi-New-Dinar was worth exploiting. They were right, they have generated thousands of hits which is good as more and more get educated about Iraqi-Investments.

I was one of the first to register as I was looking to advertise on their site, so this was my incentive, but then I got call on SendOutCards, that is when I learned what their real motive was. (g)

In the start, they did not sell dinar, they gave it away as an incentive to register to sell their SendOutCards deal. Now they do sell dinar based on simple demand, so talk about tripping on a new revenue source, this was an interesting turn of events. Crazy, but now they are selling and promoting dinar as a profitable business while SendOutCards is secondary. LOL

Happy Holidays to all, Mike

my real phone number! suppose i could open (yet) another yahoo mail account. it's funny how you can get thousands of spam sent to the bulk folder while some still make it into the inbox.
but this is more good news. too bad the pope just declared all those buying dinars are going to hell (papal bull 44777.9 a).
reserve requirement...isn't this how the whole money lending problem started way back when!? those gold smithing opportunists.
i joined that iraqi investor forum. there's the iraq stock exchange to think about. tho that's inaccessable at this time.
imagine tho. one thing i'm good at.

Yup.. lovely!

Welcome guys,

Quite a few of us have a vested interest on what happens out there as we've invested there.

Funny, I currently have 7 programmes going on including P**s but the one that I see as the banker is the 'dinar'. Why? Cos of the research I've done and the development of the country on a weekly basis.

My worry was always that they'd not have the reserves to support a high r/v as people exchanged them in but the fact now they don't need to back it so high and with a fractional support in place it's all coming together nicely for 2006.

Put it this way if the r/v hasn't happened by the time I get my large sum of money out of p**p** then I will be adding a huge sum in dinar from it!

Me too! My P**s Must Be Huge by Now!! I could invest more too!

Originally Posted by Adster

At .21 my dinar would make me enough to retire on, lol.

This is the biggest and best post I've seen for a long time.

As part of the USAID-Funded Economic Governance II Project, designed to help in the economic reconstruction and policy reform in Iraq, technical assistance is being provided to assist capacity building and institutional strengthening at the Central Bank of Iraq (CBI). Historically, the CBI has found it difficult to implement monetary policy because it has not had the necessary instruments at its disposal....

The USAID-Funded Economic Governance II Project's technical assistance has helped amend reserve requirement regulations, a percentage of a bank's assets that must be maintained as liquid assets. This allows the CBI to influence the money supply by restricting the funds available for lending purposes; consequently, this will enhance the CBI's ability to conduct sound monetary policy and achieve price stability....

http://www.portaliraq.com/news/USAID...__1111722.html



This means for those that don't understand. Iraq might have been required to have reserves of $1.00 to peg the dinar at $3.00. Making the requirement 30% cash reserves. In some countries the requirement is substantially higher, say 60% cash reserves. Now that they have amended reserve requirement regulations the same $3.00 peg would only require .30 cash reserves. This is using a 10% cash reserve requirement. The article doesn't say what the new reserve requirement was amended to.

A .31 revalue of dinar would require .031 in cash reserves for example.

Please believe me when I say this is so big, basically this to me shows that the CBI can revalue the dinar at whatever rate they want to. Best news I've read for a long long time people. :0)))))))))))))))))))))))))))))))))))))))))))))

Excellent news, thanks Adam, I think it is safe to book our reservations to Portugal now. (g)

Happy Holidays to All, Mike

Originally Posted by Offshore-Wealth.com

Excellent news, thanks Adam, I think it is safe to book our reservations to Portugal now. (g)

Happy Holidays to All, Mike

Adster...

THANK YOU!

krisark

Grace, mercy and forgiveness will help a man walk tall - JCM

Welcome guys, just waiting for the SBA now. There's an IMF meeting tomorrow, just possible it may get a mention. What they won't do is make it too public as there will be a mad rush from all the speculators to buy up last minute dinar.

We'll see.