So theres been no news or rumors in weeks !!

[benzboy]

Cant believe there has not been any active news in weeks, People whats up with that. I have so put the Dinar on the back burner so to speak, as Iraq just floors me with there inept or maybe corrupt government. But folk was even more surprised that no one is putting out any rumors.
STEP IT UP PEOPLE
LOL
BENZBOY

[investor]

You're right. Not a lot going on.......

[livefree]

A Dinar dealer once told me that this a long term venture.
I now know what he meant.

[benzboy]

please Live Free, long term investment , I could be old enough to have gone to high school with Jesus and it still wouldnt have revaled yet, oh well bed time
cya later
benzboy

[Seaview]

Here benzboy, I put this in another thread, this is the latest. Dated 2nd July 2009

Adviser to the Central Bank: Monetary policy in the country on the verge of a new developments after the military withdrawal

Adviser said that the Iraqi Central Bank monetary policy in the country on the verge of a new developments are in favor of the national economy after the withdrawal of foreign military from Iraqi cities.

The appearance of Mohammed Saleh told the independent press (Iba) said Thursday that the official announcement of the withdrawal is a recognition of the improved security, a fact which serves the starting point of monetary policy and contribute to the enhancement of the value of the dinar against the dollar and reflected positively on the whole economic process.

The benefit of the bank's intention to develop high-technology programs during the current year and the activation of international conventions and recommendations of the Bank and Iraqi banks. Rada criticism by a number of those involved in economic affairs of monetary policy.

He stressed the need for the establishment of banks within the professional systems and mechanisms of action are far from considerations of scale and commensurate with the interests of Albullad. Stressing that economic integration, including monetary, issue of great importance to raising the living standards of international competition and citizen-based preferences.

The benefit of the Bank emphasizes the preparation of studies and research upon which these policies in the design and the professional independence and transparency, as in the case of international banks. Adding that all those keen to develop the work of banks and to preserve the gains achieved during the previous period.

The Saleh said in a press statement that concerned with the affairs of the country's monetary policy following the uncertainty in understanding the signals the monetary policy of the bank, which continued to face the cases of hyper-inflation and the deterioration of the Iraqi dinar exchange rate and through the manifestations of the imbalance of economic and social experience of the difficult country for more than three decades.

http://translate.google.com/translat...ate.google.com

[livefree]

Maybe some promising news here!

[benzboy]

another week another month and another year has gone by and no reval, good thing I gave up on the soap opera years ago, if it ever revals, great if not I have the most expensive toilet paper in town, wonder what the iraquis would think of americans wiping there behinds with there currency LOL

[flight222]

1st round of oil permissions succeeded – MP

July 1, 2009 - 01:12:07



BAGHDAD / Aswat al-Iraq: The Iraqi government and its Oil Ministry “succeeded” in accomplishing the first round of oil permissions, despite the set price for investing per barrel of oil is low, a member of the Iraqi parliament’s (MP) economic committee said Wednesday.
“The success occurred by holding the first investment contract with two firms, one British and one Chinese,” Amira al-Baldawi told Aswat al-Iraq news agency.
“Media coverage documented the ****ution of the round that was attended by oil experts,” she said.
Al-Baldawi pointed out that the round also succeeded in encouraging foreign companies to come to invest in Iraq.
“The Ministry put a low price on investing per barrel of oil to preserve Iraq’s revenues,” she noted.
She hoped that more companies would participate in the second round of oil permissions that will start soon.
MH (P)/SR

[flight222]

July 1, 2009


Central Bank of Iraq Plans and Ambitions

Another important issue the Iraqi government is carefully addressing, which is setting long-term plans to accomplish efficient business targets while feeding the furnace at Central Bank of Iraq. Iraq Oil Minister Hussain Al-Shahristani unveiled his plan of raising crude oil production to six million barrels per day over the next five years. The current production rate is around 2.4 million barrels per day, nevertheless, the challenge again seems to be achievable.

”The rate of Iraqi oil exports in 2008 were one million eight hundred and fifty barrels of oil per day and this level was almost steady as a monthly average and we have ambitions to be within the 2009 budget, we seek to raise the export rate to two million barrels a day,” Al-Shahristani said.

“The media buzz about the decline in production and export is not true because the production is increasing and not decreasing, but the export is still at the same level of last year and is not at our ambition.”, said Al.

“Any contract is being concluded without the consent of the Federal Government is invalid, and the companies have no right to operate in Iraq without the approval of the Federal Government and this position will not change.”, concluded Al.

On top of that, an Iraqi oil sector dignitary declared that Iraq will reduce the oil shipments selling price in May in order to increase the purchasers from Europe, pursuant to the recently-applied policy to encourage foreign investors. Moreover, Chairman of Iraqi Oil Marketing Company (SOMO) Falah Al-Amiri stated that Iraq reduced Basra crude oil to persuade more American buyers into investing more money in the industry, which would mean pumping more money in Iraqi multi-national businesses.

[flight222]

July 3, 2009


Dinar Reval Foundation Of Rock Taking Formation


U.S. Forces General Ray Odierno will not say how many troops remain in Iraq but it is a sure thing that the troops have moved to outside of urban areas of major Iraqi cities. This is where the rubber meets the road for testing Iraqi’s own Military independence in Iraq.
A positive test result of maintaining and reducing the current level of violence will result in US troops leaving Iraq all together in large numbers.
What does this mean for the Iraq Dinar currency? Well, this is definitely a major event proving to Iraq and the world that they are ready for independent control of the country. The success of this event will give the Dinar a foundation of rock for entry into the World Market (Revaluation of the Dinar) The remaining question will be when will the Dinar reval and what will it open at.
“Iraq is being de-dollarized and it should be complete by Oct….If you remember, when they had to turn in the Saddam money for the new Dinar, (which we have), they had 90 days to do it. It is about 90 days till Oct. Any Iraqi that is sitting on (US) dollars will have till then to exchange them for Dinars or be stuck with some (US) money they can’t exchange in Iraq.” -Billy Giles, Dinar Research Analyst, Manchester TN USA
Researcher Billy Giles spent 3 years in Iraq has stated that in the last week of June 2009 Iraq is being forced to not use US currency with a deadline. Billy gives the deadline for October 2009, where Iraqis will not be able to exchange US currency in Iraq any longer. This is another event that will strengthen the Dinars position before the Reval.
The Dinar Reval being an event in and of itself will result from a series of small events as market conditions converge on heavily rewarding early Dinar investors. It can also be mentioned with confidence that the opportunity for Dinar is no longer as risky as it once was 5 years ago.