Thread: Go crazy in here!!!

SGS's sig prediction sounds logical and probably should take place but the only thing she failed to take into account is "The Iraqis never fail to miss an opportunity to miss an opportunity". I hope this time they hit it!!!

worf

Ok so shotgunsusie says 1700hrs on the 15th. Is that 1700hrs Iraqi time or GMT? she is predicting. Or do we have a factual Post here?

Originally Posted by TheBrain

http://www.hsbcnet.com/public/tcm/cibm/pcm/pdf/iraq.pdf

Exchange controls
�� The Iraqi dinar (IQD) is Iraq’s official currency, which is subject to a conventional pegged
arrangement. The exchange rate is calculated in the foreign exchange market and fluctuations
must no exceed ±1%.
�� There is no forward exchange market in Iraq.�� All trade with Israel is forbidden.
�� Exchange controls are monitored by the Central Bank of Iraq.
�� Domestic currency imports up to IQD 1,000 for both Iraqis and foreigners are permitted while
domestic currency exports up to IQD 100,000 for Iraqis and IQD 5 for others are permitted.

forward exchange market: Information from Answers.com

USEFUL CONTACTS
Central Bank of Iraq Central Bank Of Iraq
Rafidain Bank الصÙ�Ø*Ø© الرئيسية
Trade Bank of Iraq Trade Bank of Iraq - Your Trade and Investment Partner in Iraq
Ministry of Trade Iraqi Ministry of Trade
Ministry of Industry and Minerals www.iraqiindustry.com
Federation of Iraqi Chambers of Commerce Tel: +964 1 888 8850
Baghdad Chamber of Commerce www.baghdadchamberofcommerce.org
Baghdad Business Centre Baghdad Business Center
Basra Business Centre business center yellow pages process at basrabusinesscentre.com
Kirkuk Business Centre Kirkuk Business center home page
Iraq Stock Exchange (ISX) Iraq Stock Exchange Web Site
HSBC CONTACT DETAILS
Global Payments and Cash Management
HSBC Bank Middle East Limited
Dubai Internet City
312/45 Al-Suq Road
Bur Dubai
United Arab Emirates
Tel: +971 4 507 7251
Fax: +971 4 353 2878
Email: [email protected]



CURRENCY CONVERSION AND TRANSFER POLICIES

The currency of Iraq is the Dinar (ID - sometimes referred to as the New Iraqi Dinar). Iraq's current exchange system is characterized as a free foreign exchange system, with no restrictions on purchases or sales of foreign currencies. The Iraqi currency is fully convertible and can be exchanged freely with any other currency. In addition, there is free movement of capital without restrictions on capital inflows and outflows. Iraq's foreign exchange regime is also a multi-currency system in which foreign currencies circulate in the market and are accessible to everyone.


Iraq

De Facto Classification of Exchange Rate Regimes and Monetary Framework -- as of December 31, 2005

http://www.adb.org/Statistics/icp/files/table5_6.pdf

Thank you Brain for that type of info as a amateur currency investor alot of the news from Iraq is important but the laws & rules of currency trading are rarely talked about which makes me wonder how many investors in NID are experienced at this in a wide range of currency exchange as I understand it is a very risky venture. So are there Bankers ,Brokers , High Level investors getting involved in this. It seams going by speculation of current news which is a good guideline enough for this to happen or these monthly for sure's are just making us crazy or tempting us to buy more & some people get in a bad way over this. I am not trying to insult anyone I'm just craving legal agenda & are we on track with everything in place . I'm just a average middle class construction foreman that want better for my family with some experience in precious metals mostly silver. I find myself getting caught up in the hype hoping it will happen but not to convinced yet. Thanks to all that share & get lost sometimes with all the abbreviations don't know what they all are.

This is just an assumption. 1700 EST sunday is when forex opens.

This is not a fact (though it sounds like that) but a belief because they will start to distribute the cards on monday (I don´t know if this is confirmed officially. I have seen a post about it)

Originally Posted by bob1940

Ok so shotgunsusie says 1700hrs on the 15th. Is that 1700hrs Iraqi time or GMT? she is predicting. Or do we have a factual Post here?

sorry about the above post. I just went back and re read the posts of SGS It is EST. My eye and mind co-ordination is a little slow again. LOL slept too well last night ----Nothing wants to wake up with me.---LOL.

Thank you opps50 I still get confused after all the time i have been here. I am not a well educated INVESTOR. I just saw an opportunity And Jumped on it. LOL.

I need to get a hold of choochie. If anyone knows her personal info, please ask her to come here! Thank you.

Reading lots of good post this morning. Things are looking pretty positive for an RV this weekend with so many things to consider.

I wish I could contribute more but, since I'm on the pacific coast; by the time I wake up and read posts it seems the lot of you have already found everything worth finding.

So I will just put in my two Dinar's worth of positive reinforcement as much as possible for those who are digging for all the info - As always great job everyone (we all know who you are)!

Susie you're on fire Maybe we should change your name to Sherlocksusie - You go Girl!!

Originally Posted by badboy

So are there Bankers ,Brokers , High Level investors getting involved in this.

"winner" from Switzerland has posted in the German language forum that the brother-in-law of one of his close friends is a banking director over there. And this person has bought himself a nine-figure amount of Dinar. He sure knows why!

Antje

http://www.rolclub.com/german-forum/...tml#post102314

Do all the good reporters world wide take the weekend off???

I was just reading thru the world Iraq headlines and found the same info rehashed over and over. How many different publications are going to continue to publish storys of the ISG and Sec Bakers report on Iraq as "breaking news" That info is over a week old already and its still making headlines.

SGS, if the Dinar never happens, you'll have a high paying salary as an investigative reporter . . .or maybe you should work for the IRS and crawl up people's business with that magnifying glass of yours.

Are the majority of people in the world that oblivious to what is really going on?