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

yea, I just hope we don't crash the CBI website Sunday morning.lol

We are really going to have to have some degree of CONTROL on Sunday in regards to crashing the CBI site! (How funny does THAT sound coming from ME?!?!? ) But I'm SERIOUS...the whole designating of a few members to check is a REALLY GOOD idea! Tiff

I saw Mike lurking awhile ago. Wonder why he didn't respond to the good news. I'm so glad the news was confirmed by a couple of people.

Originally Posted by cigarman

I saw Mike lurking awhile ago. Wonder why he didn't respond to the good news. I'm so glad the news was confirmed by a couple of people.

Just for you cigarman here a answer from Mike today!!!

Hi Adam,

I'll drink to that, revalue or not. LOL You are right though, this has been a crazy ride with all sorts of rumors and speculation, but the most comforting thought of all is that it WILL happen, and soon, so don't worry, be happy, toast to our future financial freedom and enjoy the ride. I am still hearing the same thing, so lets start a pool and bet on who is closest to revale. LOL

Good luck to all, Mike

I have here from which I subscribed to, something many should realise and relax a little for the meanwhile....

One of our valued subscribers wrote:

"I have heard that the Minister of Finance proposed dropping three zeros from the currency! Do you have any information, or thoughts about this? Of course, if this was done prices would also lose three zeros, so the value would remain the same. But if it was done, I assume it would be necessary to exchange to the new currency within a certain grace period. Possibly it was just a comment in a speech taken out of context."

ANSWER:

The New Minister of Finance did make the comment suggesting the 000's come off the Dinar; however this was just a comment. A comment that the media, writers and critics got a hold of and blew totally out of proportion. They will take anything if they can make a story about it! Anyway, the Governor of Iraq has said that the 000's are NOT coming off the Dinar. Iraq has much bigger things to worry about than changing their currency. The actual process of changing a currency is expensive and time consuming. Iraq can not afford the time or money and is focused on re-building their economy's infrastructure. However, if this was to happen in the future (which I can assure you, is highly unlikely), there would be a grace period where you would change your New Iraqi Dinar for the New-er Iraqi Dinar. The grace period for changing the old 'Saddam' pictured notes to the New Iraqi Dinar was months. I would be happy to assist anyone with the change over if it ever happened (which it wont!).

Until next time,

Jonathan Peacock
Director -TurnDinarToDollars.

There you go...another expert and cautious advise aired...


cheers to all & to the RC CARE Group...

Originally Posted by ezcash

RollsRoyce.. getting the prioritys lined up is tricky... we"ll need legal advisors,
but also as its been stated.. it could flucuate up and down.. one thought has been it might float up quickly but another that it might go down after the initial opening due to exchanging.. so what do you think is the wisest move.. exchange abit and sit and wait for it to level out to exchange more? I know everyone will have their own plan... I just am trying to figure out what is the most logical thing we could do.. please don't hesitate (anyone) to give personal opinons I would just like to see other peoples reasoning on this?
thanks ez

Unfortunately every case is so personal that its tough to generalize . . .

I've seen estimates that there may be 50,000-75,000 Americans holding an average of 4 Million NID each . . . thats more than my calculator can process . . . if everyone rushes to the bank & tries to cash it all in I guarantee the Dinar will drop . . . it's supply & demand . . .

On the other hand in IMO a lot of the outstanding NID may be held by country treasuries . . . they will probably hold / sit on / and buy Iraqi Oil & LNG down the road . . . this will be a stabilizing effect . . .

I'm and old guy [60], / with a collection of Rolls Royces and a very old friend who has been my accountant for 40 years, same with my Daughter / Attorney / financial advisor . . .

My read = It will bounce around a bit / but remember the Iraqi's are VERY interested in parity in the Arab World . . . Pride @ equal respect with their neighbors . . . I will cash in a few million over a few months [based on my tax liabilities] . . . and then see what the situation looks like . . .

Definitely get advise . . . Use family / friend contacts, but get tax & investment advise . . .

Hope this has helped . . .

Originally Posted by RollsRoyce

Mods . . . I cant figure where this belongs . . .

and I just spent an hour scrutinizing the forum & can't find anywhere I can start a new thread . . . move it if you wish, but please let me know where you're putting it . . .

Today, Friday, September 15, 2006 0900 hrs, Eastern / 1800 hrs. their time . . .

My Kurd . . . Indira finally got through to her Kurd Brothers & Uncle via satellite phone on their way north home from Baghdad . . . with the Army in their Hum/Vee . . .

Questions & Answers:

 (Q) Is the r/v ready to go? (A) Yes, finally! [Then some grumbling] / could have / & should have been announced by now, if not for the damn Politicians! . . .
 (Q) Has it been announced anywhere in country publicly? (A) No, only the *need-to-know’s* are supposed to knows about this. But leaks are inevitable . . .
 (Q) Do you know when it will be announced publicly? (A) Umm . . . last we heard Al-Gailani will make the announcement @ 10 hundred to 11 hundred hrs. Sunday morning. [That’s this Sunday @ 2 to 3 AM east coast US time] . . .
 (Q) Do you know the rate? (A) .93 -.95 Euro, [More grumbling / we wanted .98 but decided to compromise] . . .
 (Q) On your trip have you seen more *Oil - Survey* type crews or vehicles than usual . . . (A) Well yes, *BUT* why do you ask?
We have information that oil exploration has accelerated . . .
(Reply) Can’t keep any secrets over her / can we?
(Indira) Why do you say that?
(Reply) Well, information is flying around here that we may have 4-5 times the oil that were thought to have . . .

GO-SUSIE-GO / this pans your info out to the ounce!

I've been asked again, and again, my % read on all this . . . several days ago . . . I was a firm 85% / due mostly to being a bit over-cautious / and that my sources are third hand . . . I am now up to 92.5% . . .

My other 7.5% still nags @ me . . . because this is a huge leap on their part . . . Of course I will zip skyward to 100% when I see the CBI exchange rate . . .

Another point . . . perhaps we should not ALL try to access the CBI site Sun @ [ 3-5 am east coast ], I don’t know if their site could handle 10K people continuous clicking *re-fresh* a trillion times over a two hour period . . . perhaps 1-2-3 *night owl* people should do this and let us all know . . . Common interest / the last thing we want to do is crash their site . . .

And another point . . . we need eyes on the ground for final confirm . . . My Info is third hand / I think much of Susie’s is 3rd hand / and I’m sure she has a lot of 2nd hand / but it would be excellent if someone could drop by the CBI and peer in a window and see if they have a **GIANT RE-VAL-TODAY** fluorescent sign blinking away . . .

When I have more / you’ll get it . . . RR

PS: Indira translated *The Finance Minister / my mistake listing the "Former - interim-Minister" . . .

With my apologies RollsRoyce if you've posted the answer to this question previously. Indira's family.. sound like quite prominent men in Kurdistan. Would you mind expounding on their positions, etc? You mentioned in a previous post that they were in Bagdad yesterday conferring with Sadam's prosecutors. I dare say they were having a more intense day than I was..

And the fact that they are in on the negotiations of the reval is quite amazing.

Just curious as to their positions in all of this. If you cannot or do not wish to reveal more, it's certainly understandable..


Thanks in advance...

Randy

1:00 pm central time: FoxNews is scrolling the news that Iraq is digging a trench around the city of Baghdad and setting up check points on all roads leading from the city.

Didn't say why, but it sounds like that don't want any truck loads of stolen dinar leaving the city. jmo

Originally Posted by boogirl

1:00 pm central time: FoxNews is scrolling the news that Iraq is digging a trench around the city of Baghdad and setting up check points on all roads leading from the city.

Didn't say why, but it sounds like that don't want any truck loads of stolen dinar leaving the city. jmo

heres a link
BBC NEWS | Middle East | Trenches plan to secure Baghdad

Originally Posted by boogirl

1:00 pm central time: FoxNews is scrolling the news that Iraq is digging a trench around the city of Baghdad and setting up check points on all roads leading from the city.

Didn't say why, but it sounds like that don't want any truck loads of stolen dinar leaving the city. jmo

The President said they were establising a burm around Baghdad so that they can control the flow of guns and bombs into the city. I think its just a perimeter to reduce the number of entry points for greater security. In the same breath he stated that the troop levels have increased to around 147,000.