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

Originally Posted by pipshurricane

Next month are september and not november this is article that come from the 31 of august in another website!!!

Source : Newspaper Conference - 03/09/2006
Shahrastani : Investment Law resolved next month

Praised Dr. Hussein Shahrastani oil minister supported the Cabinet plans for the advancement of the ministry instructed the oil sector and the need for concerted efforts by workers to overcome the crises and spirit, the mentality, responsibility and the need to find appropriate solutions and overcome the proceedings futile because the problem of oil derivatives do not solve sensed Alapziadeh Wei production and raise the efficiency of refineries and marketing. This came in a meeting between Mr. Minister Balmlakat leadership confirmation of guidance Mr. Prime Minister Nuri al-Maliki during his visit to the ministry last Tuesday. The Minister indicated that the ministry before it functions large and ambitious programs is on the verge of strategic plans and large industrial investment after the law which is the last stage, which is due to be resolved next month, stressing that the oil companies began preparedness to hold discussions and dialogues with international companies. and formed competent to do so, to use the time in an attempt to develop the oil industry in all areas. He pointed out that it was agreed that 90% of the recommendations of the Commission to discuss investment law. Instructed to lift capabilities available to the refineries in the coming days, moving quickly to add new units and to make great efforts for the rehabilitation of pipelines that transport crude oil and oil derivatives affected because the ministry is determined to raise the level of production and export of oil Toviramushanget citizen and also told increased exports, which would lessen its import operations that have been inflicted upon the budget.

http://64.233.179.104/translate_c?hl...language_tools

Good Night On This One.

Originally Posted by neno

Good Night On This One.

Good night my friend i post another one to close up the night!!!

Iraq poses an auction for the sale of six million barrels of Kirkuk oil

Source : Reuters - 03/09/2006
Put the Iraqi Oil Marketing Organization (SOMO) on Sunday tender for the sale of six million barrels of Kirkuk oil north of the country and said that already exists in the oil storage tanks in Turkey.

She said in a statement that SOMO deadline for submission of offers is the ninth of September at 1700 GMT. Before loading oil from the Turkish port of Ceyhan in the period till September 22.

She pointed out that before the oil in Otat million barrels and two million barrels and that the outcome of the tender will be announced within 24 hours of closure of the door of progress offers.

She said in a statement that oil is now in storage tanks at Ceyhan in Turkey.

In July traders said that Iraq canceled an auction for the sale of Kirkuk oil after failing to pump enough oil through the pipeline exhibition of sabotage and connects to Turkey to be able to sell it.

The tender was canceled four since June 19 June after it began that Iraq has achieved stability in the process of pumping oil through the pipeline. It was then bidding for the sale of six million barrels loading during the month of July.

Overall, SOMO sold 8.6 million barrels during the previous three auctions.

Iraq plans to sell about 300 thousand barrels per day forward contracts as of August 1st August and until the end of the year if it can maintain the flow of oil in the pipeline.

And the pipeline for many of the acts of sabotage since the invasion of Iraq led by the United States in March in March 2003.

Iraq relies on the station Basrah in the south to export most of its oil. The station is shipped about 1.5 million barrels a day.

http://64.233.179.104/translate_c?hl...language_tools

Is it true we are soooo close this? I don't have much dinar, but enough to get me out of debt and live a good life. I am finding myself obssesed (spelling?) with this, I can't help but be on here for hours through the day. I have read many negative posts from other forums about this being a scam blah blah blah... But if you really think about it, people have made millions investing. be it the stock market, real estate, whatever. people have been at the right place at the right time, and with minimal investment made a fortune. Every one of those people had to listen to someone say "wow you must be dumb" Of course the investors got the last laugh. Soon we will be the ones laughing between sips of the umbrella drinks.

Originally Posted by jsfletcher

Is it true we are soooo close this? I don't have much dinar, but enough to get me out of debt and live a good life. I am finding myself obssesed (spelling?) with this, I can't help but be on here for hours through the day. I have read many negative posts from other forums about this being a scam blah blah blah... But if you really think about it, people have made millions investing. be it the stock market, real estate, whatever. people have been at the right place at the right time, and with minimal investment made a fortune. Every one of those people had to listen to someone say "wow you must be dumb" Of course the investors got the last laugh. Soon we will be the ones laughing between sips of the umbrella drinks.

The future will said the true very soon but they have to do something soon for this poor population enough its enough!!!

Thanks "ph" I got it. Iraq's inflation rate hits 70 percent, planning minister says - Business - International Herald Tribune

I posted this on another forum and several of the items mentioned have been confirmed. If this is the scenario that is to be, it very well explains how Iraq can revalue at a much higher rate than they have in US$ reserves. This has been the most puzzling part of the whole equation.

Copy and Paste...

Some have suggested that they are wanting to make public both of these new laws, the FIL and the Hydrocarbon law, at the same time as that would really jumpstart Iraq's road to recovery. I read an article that stated that Russia is currently considering starting to sell their oil only in Russian Rubles, which would make the Ruble worth much more than its current value. Actually it wasnt an article but it was a link from a dealers email sent to me and I am sure most anyone that had bought Dinar from them at one time or another. I also have read on this site where Russia had done some sort of revaluation on its currency recently. What if Iraq's plan was to do the same, make it to where any oil purchased or any oil transactions with other countries had to be done with Iraq Dinar? This would easily take care of the abundance of Dinar and would also make it understandable as to why the US and other countries have loads of Dinar in their possession. This could also add tremendous value to the Dinar and make a large revaluation feasible, even with the fledgling billions of US$ held in reserves by the Iraqi's. There has been sightings of air transports full of Dinar taking off from Iraq to other countries. We know the US has its share of Dinar. All the countries that loaned Iraq money or forgave some or all of its debt to Iraq were most likely given "worthless" Dinar to hold.

Conceivable to anyone else?

I went back and copied the link to the Russian part from the dealer to give you some sort of idea...
RIA Novosti - Russia - Ruble-denominated oil exchanges could launch in 2007 - expert

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RIA Novosti - Russia - Ruble-denominated oil exchanges could launch in 2007 - expert

Will get this link to work yet....

RIA Novosti - Russia - Ruble-denominated oil exchanges could launch in 2007 - expert

can someone smarter than me decifer this please?

Translated version of http://www.alsabaah.com/paper.php?source=Archive

click sept 2006 then scroll down to Economic and find Iraqi dinar are between zeros and the game economy

Hey Fletcher,

I have read that article several times now, and it is very hard to understand the translation. But how i see it is that in this article talks about a reval of the dinar, they mention that its impossible, but i think that was earlier when iraq had alot of debts back in 2003. But i may be wrong.

This is taken from that article

" but now, The freedom of the foreign exchange dealings and available in Iraq by virtue of economic openness, The free circulation of currencies inside and outside Iraq, is subject to supply and demand factors. as well as the impact of political instability often influential in guiding the range of supply and demand management within and outside Iraq. can observer that the bad more accurately and specifically in the money markets neighboring Iraq. In conclusion, we have a long way to go in the way of economic reform and restructuring in order to move towards improving the rate of the Iraqi dinar and raise its value"

I have to agree with you. I think this was derived from an old article, it is hard to understand and read as the print in the lines are so close. I am praying that this is the week for the reval.
benzboy