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

good posts Rodney....only wish the Iraqi government would move as fast as the iraqi army and coalitiion troops are moving...seems like they are more worried about postponing meetings then to "MEET" and iron out the differences....they have been on a month long siesta and they come back and the first thing they do is postpone the session till after labor day.....they don't celebrate labor day in Iraq......lol....if they hurry up and revel the dinar then it would be a blessing to their people and might just curb this sect fighting because they might see that they could profit from this...the longer they stay without revel the sect killings will continue...IMHO....GO DINARS...Pat

Iraq captures Al-Qaeda deputy leader
by Jay Deshmukh
32 minutes ago
Iraq captures Al-Qaeda deputy leader - Yahoo! News

From different reporter, reporting.

No. 2 al-Qaida leader in Iraq arrested
By ELENA BECATOROS, Associated Press Writer
8 minutes ago
No. 2 al-Qaida leader in Iraq arrested - Yahoo! News

And Another.

Capture a 'severe blow' to al Qaeda in Iraq
POSTED CNN NEWS: 11:26 a.m. EDT, September 3, 2006
CNN.com - Capture a 'severe blow' to al Qaeda in Iraq - Sep 3, 2006

One More Report.

Iraq holds 'key al-Qaeda figure'
BBC NEWS:
BBC NEWS | Middle East | Iraq holds 'key al-Qaeda figure'

Best stated report IMHO.

Deputy Leader of Al Qaeda in Iraq Is Caught
New York Times: By RICHARD A. OPPEL, Jr.
Published: September 3, 2006
http://www.nytimes.com/2006/09/03/wo...f=worldspecial

Originally Posted by eric69

this is the kind of posts i like to see no hyp, no inside info. that never comes true, no date that never comes

Anyone who would have the kind of inside info we want would never spend time in a forum or tell anyone who hangs out in forums, LOL...so I just laugh at the dates that are given and appreciate them purely for the entertainment value. They have ALL been wrong so far and will continue to be until this thing actually does the peg deed. Keep 'em coming though, I need a good laugh every once in awhile!!

Originally Posted by eric69

just went to chase and yes it is on the teller table ,dallas fort worth tx. confermed, chase is selling at just above the ex. rate

Interesting,

This is why we never say never. It was not too long ago that all the so called experts were saying dinar would never be exchanged in U.S. LOL

Good luck to all, Mike

Originally Posted by eric69

this is the kind of posts i like to see no hyp, no inside info. that never comes true, no date that never comes , just fair honest assesment. things sure have changed in here since the bank started selling dinar

Funny,

Never is a word that does not compute and no matter how disappointed you may be over previous updates and wishful thinking on dates and otherwise good news, $hit happens, but never say never is a lesson I learned long ago. (g)

It will happen, and soon, it has to, and most everyone knows this by now having seen it talked about, mentioned in numerous press releases and by gov. officials, so all we need to be is patient.

Good luck to all, Mike

Originally Posted by readytogo

Good Morning Mike, OSW,

I posted this yesterday and I sure would like your take on it. Could you please give it a look and tell my your thoughts? Thanks a bunch. I still can't post on some of the threads at IIF or I would ask sgs myself.



Post by shotgunsusie 9-02-06:
call around for best rates. the more people with dinar you go in the bank with the more bargaining power you will have for rate.
ask around and find someone on here that lives close to you that will go in to get exchanged at the same time. 20 million together sounds better than 3 or 4 here and 5 here and 1.4 here, etc. use the money to your advantage.

remember that your money will more than likely be sent to a regional office for verification before the numbers reflect in your account. but all this is an entirely different subject and best left to the accountants and banking personel who are on this forum who would best assist at that point in the venture.



This was posted by shotgunsusie today. Not totally getting it. I tried to post to ask her myself but you have to wait and have your post approved and so on and so on.

So, how could having more dinar get you a better rate? Will not all banks exchange at the same rate and that rate being whatever it has r/v'd at or pegged at? And if we do have to fill out a form for anything over 10k who would want to have to take responsibility for the whole amount?

If anyone here knows what she is saying would you please explain to me. Like I said before, I'm just not getting it.

Thanks,
Monica

Hi Monica,

Sorry, this makes no sense to me, so I didn't bother commenting when I first read it. Rates are set based on consistant factors for exchange, and it would not vary based on amount you would exchange to my knowledge, at least not in any bank for they deal in current posted exchange rates, always have, so I don't know what Suzie was talking about.

Good luck to all, Mike

Looks like Iraq is going to use oil as monetization. Could be quite a nice reval, possibly what shotgunsuzie has been saying. Anyway read the whole pdf file, long read but you will understand where some of our info was gotten from.

RV is on the table......

--------------------------------------------------------------------------------

"Finally, the CBI will consider the possibility of a gradual appreciation of the Iraqi dinar if needed, which could have a positive effect on both inflation and the process of dedollarization."
http://www.imf.org/external/pubs/ft/...06/cr06301.pdf

Alot of things that were to come later are all of a sudden coming now.


The Iraqi Central Bank announced the actual operation of the system timely adjustments (rtgs) during an extensive meeting held with officials of the World Bank, Al-Rafidain, Al-Rashid and the managers of three commercial private banks.

source at the Central Bank of Iraq in said that the results of this preliminary work rules were satisfactory and fulfilling ambition. It is hoped in the near future from Ministry of Finance to participate in this system with the gradual entry of other banks operating in Iraq and as the system will be a better opportunity for the Iraqi banking system and also all users of its services; including the speed transfers and banking-related communications within Iraq.

And regarding the way to operate the (rtgs), the source pointed out that the Central Bank of Iraq established a new department for this purpose that will be a branch of the Directorate General of accounts in the bank. While the technical aspects of the system will be assigned to the computer department.

The source added that there is coordination with the general company of communications and mail in the Ministry of Communications to facilitate the communication network between the banks and Central Bank. As for funding this project, the source clarified that it is funded by the World Bank to develop a system of payments to the Iraqi Central Bank in particular, banking transactions in general...

http://www.iraqdirectory.com/DisplayNews.aspx?id=1990

Originally Posted by cigarman

Looks like Iraq is going to use oil as monetization. Could be quite a nice reval, possibly what shotgunsuzie has been saying. Anyway read the whole pdf file, long read but you will understand where some of our info was gotten from.

RV is on the table......

--------------------------------------------------------------------------------

"Finally, the CBI will consider the possibility of a gradual appreciation of the Iraqi dinar if needed, which could have a positive effect on both inflation and the process of dedollarization."
http://www.imf.org/external/pubs/ft/...06/cr06301.pdf

The link doesn't work....Arghhhh

You have to click the imf.org on the error page. See below.


The page cannot be displayed
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