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

Can you imagin after the r/v (hopfully soon) will rise to in 2007?

Originally Posted by Elfwizard

Its just simply not true. But I won't argue anymore, I don't care if they auction off pigs, I want it to RV!!!

you are right, i conceed.

its still going to revalue this week!!! lol

oh yeah, got statements on stock this morning, al salam bank SPLIT!!
weeeeeeeeeeee!!!!

Originally Posted by neno

Can you imagin after the r/v (hopfully soon) will rise to in 2007?

hearing close to $4 w/in 3 yrs.

Originally Posted by shotgunsusie

you are right, i conceed.

its still going to revalue this week!!! lol

oh yeah, got statements on stock this morning, al salam bank SPLIT!!
weeeeeeeeeeee!!!!

Im with ya!! Go DINAR! I think I might get into the ISX, should have done it along time ago. Thats If I have time left.

(Voice of Iraq) - 13-09-2006 | This issue was sent to a friend

The Chairman of the House of Representatives, Dr. Mahmoud Almshahadani yesterday to postpone the meeting to the House of Representatives next Tuesday. The Council devoted yesterday's meeting, which was held behind schedule by more than an hour due to poor attendance and lack of quorum for the meeting to discuss the statements of a number of members and conduct several readings of the initial set of draft resolutions. Statements regarding various topics by members of all lumps and was part of the data, statement by the President of chest bloc within the United Iraqi Alliance included a number of points, including the scheduling of the withdrawal of the multinational forces and the adoption of what the project for the issuance of legal enactment by the Council and here overlapped many views on the subject

The majority of members had made clear opinion on the draft resolutions were submitted to the Presidency of the Parliament and registered an objection to that Magrah Falah Hassan Shnischle was just a normal can not Enactment of the impact on the Presidency, then intervened, asserting that as long as the parliament has 104 members signed a statement it is a desire they have received a copy of to study and opinion around and commented chairman of the parliament Mahmoud Almshahadani saying that the "draft resolutions for presentation takes serrated inside the Parliament."
While it Other members of all lists also that the issue of withdrawal of the multinational forces should not be made from within the Parliament to decide, without knowing the perceptions of the Prime Minister, who is the commander-in-chief of the armed forces on the readiness of the Iraqi armed forces to maintain ownership and control of the land to enforce security, since the government e j actually in the best position to know Baljehoze available to the army and the national police in addition to other considerations.
It should be noted that the Council had been abolished in its bid yesterday to be held in Amman on the 15th of this month to give mobile phone licenses in Iraq, which are supervised by the Iraqi media and communications. The House decided "to extend the work of the future three months renewable k (conduct of business) and to keep the Council informed of its budget to be during this period the formation of a new ratified by Parliament." The Council also decided to require the stopping Bid or sign any contract with any company of mobile phones until the issuance of the new law.
It was the first reading of the draft law to Iraq to join the Ottawa Convention (Convention attended the mines), and was also the first reading of the draft law canceling the decision of the Revolution Command Council disbanded 49 of 2002 and read out the draft law amending 49 of the Coalition Provisional Authority on taxes on the salaries of the staff was first reading T. also a first reading of the draft law modulation. This has postponed the first reading of the draft law amending the law claim No. 159 for the year 1979 request of the bloc, the Kurdistan Alliance after the bloc found that the law, the resolutions on the need to be adjustments.

The Iraqi

(Voice of Iraq) - 13-09-2006 | This issue was sent to a friend

During his meeting with President of the UAE. Abdel-Mahdi : Iraq was keen on closer ties with the Gulf States


Abu Dhabi / special knives
He met Vice President Abdel Mahdi Aldectoradl Sheikh Khalifa Bin Zayed Emirates Head of State and senior officials in an official visit during which he reviewed many files of the most important security file and file and economic reconstruction of Iraq.
Al-Mahdi, Iraq's desire to enhance and strengthen the relations and ties with Iraq in the Gulf countries. pointing out that there were ongoing efforts by the Iraqi government to open new prospects for the future with the Arab and regional states. Abdel-Mahdi and the transfer of greetings from the President of the Republic and Prime Minister Nuri al-Maliki to the President of the UAE.
The meeting was attended by His Highness Sheikh (Hamdan Bin Zayed) Deputy Prime Minister Sheikh Saif bin Zayed Interior Minister and a number of ministers in the UAE.

I believe this is from the same author of the post made earlier from HopeFull..
was a great history of the dinar.. this picks up from where it left off.. :)

Re-Value the Iraqi Dinar? Yes!
One Investor's Take on the Valuation of the Dinar

* By: Roger Isaksson (email)
* Published: 08/31/2006
o this author's past articles

Iraq's current government has been staggering badly under the pressure of growing violence and widespread infrastructure failures. As a result, government consolidation is taking place, including dismissals, arrests, and the emergence of strong personalities. Yet still, most government participants appear to lack the will to stick their neck out and make bold moves that would ultimately help the Iraqi people.
The Iraqi Dinar

Economically, according to my estimates, the Iraqi dinar is hopelessly undervalued, and should have been revalued long ago. The dinar is held down artificially by the Central Bank of Iraq (CBI), resulting in very little buying power for the Iraqi working class. Currently, most of the day-to-day products needed by Iraqi's are produced outside of the country, but when buying it with an undervalued currency, nobody except the intrepid merchant benefits. In order to justify the costs of manufacture and import into the country, most things that we in the West take for granted are priced far beyond the average Iraqi's ability to pay for it, due in large part to the vast exchange rate differences.

Due to these currency differences, few Iraqi's can afford the items they want or need. As fewer people can afford them, the market for these items is artificially small, resulting in less competition and higher prices. This, coupled with the day-to-day disruption of goods and services due to the violence plaguing large tracts of the country, have led to high levels of inflation.

By revaluing the Iraq Dinar to it's true value towards the market, the Iraqi people will regain a measure of their buying power back. Imported goods will now be within reach of nearly everybody, helped to infuse the Iraqi economy with a new vitality.
True Dinar Value

In analyzing the true value of the dinar, many have predicted a value as high as parity with the US dollar ($1 = 1 dinar), while more conservative estimates have been in the range of a $0.01 = 1 dinar. This range, of course, can only be estimated, because the dinars true strength can only be determined, as with all currencies, once it is freely traded on the world market.

The continued lack of purchasing power of the Iraq dinar will be yet another factor in a long line of social problems, and some have the idea that those problems have to be addressed first before the economy can be fixed. The Iraqi man on the street is having a hard time feeding his family, and in such dire circumstances he may even be tempted to work against his fellow Iraqi's through insurgency, crime and even terrorism. This writer urges the current Iraqi Administration; fix the dinar.

The "Big Guys" are standing at the gate waiting to get in, but have to wait until they get assurances that the investment will not be socialized as in Saudi Arabia, Iran and Venezuela, or lost completely due to a full-blown civil war. The new Iraq Investment Laws are tentative right now, but hopefully the Iraqi Government will make it a top priority when they return to session this fall. However, as with everything in Iraq these days, this supposition is a moving target at best.

**END ARTICLE**

Sorry heres the link;
ISX-Data.com / Re-Value the Iraqi Dinar? Yes!

Originally Posted by Webster

No one has answered your question so far laurenr. I don't know the answer either but quite a few posts ago someone said that we can't exchange when there is a revalue only when it eventually pegs. I hope this is not true. Anyone??????

I'm not sure what banks you have there, but in the US Chase bank is exchanging NOW!!

John

Originally Posted by jsfletcher

I'm not sure what banks you have there, but in the US Chase bank is exchanging NOW!!

John

Yes, although only at the current rate. I do need to find out if they charge a flat exchange fee, take a % off of the exchange rate or both. Anybody have any thoughts?