NEWS from Free Dinars !!!
Last nights call was one of the best we have had, and the reason is the best part. It was full of know factual information that points to big things for Iraq and the Dinar!
Unfortunately we haven’t received the recording from Eagle Teleconferencing yet, but here is the information that was talked about last night!
We know that last week when the Central Bank of Iraq’s website was down, they were in the process of switching servers and hosting company. The new company they are being hosted by is InterGlobe Group Home. If you check out their website you will find that they are the company hired to interlink all of the banks in Iraq. This is big news since we know that the CBI needs to be linked globally in order to place the Dinar on the Open Market.
We also know that on Oct 22nd the Central Bank of Iraq officially suspended ALL auctions for 10 days. LINK
We also know that ALL banks in Iraq are also closed for this amount of time. There is no movement of Dinar at all!
We know that there is a major conference/meeting of the IAMB on Oct 30-31LINK. This conference will be in regards to Iraq and them meeting the requirements of the IMF and specifically Article VIII LINK. which would allow the Dinar to be fully convertible.
We know that the Undersecretary of the Ministry of Finance has recently made comments in regards to raising the value of the Dinar LINK
And on October 22, 2006 during a press conference with Mr. David Hawley of the IMF he was asked the following question and gave the following response.
QUESTIONER: Regarding the Regional Economic Outlook that came out the other day for the Middle East, there were numbers there on Iraq, projecting growth of 14.4 percent next year after growth of 4 percent this year, though throughout the report it speaks of nothing really going well for the Iraq economy. Is this kind of a guess, hoping that things stabilize, or what goes into that 14.4 percent growth estimate?
MR. HAWLEY: I am afraid I have got nothing specific to add to what was in the REO comment on Iraq. The best I can do is to offer to have someone come back to you with more detail on the thinking behind that projection.
We found the stated increase and the fact that Mr. Hawley didn’t know, or wouldn’t say very suspect. Here is the LINK to the full transcript.
And finally last nights guest on our conference call, Mr. Daniel Morrissey, a retired NY stock broker who is heavily vested in the Dinar, has a very simple equation that we have not heard discussed anywhere. It was this thinking that got Mr. Morrissey into the Dinar, and is very simple.
Early during Saddam’s rule, a barrel of oil was roughly $20, and also the Old Dinar was valued at $3.20. We can also determine by the amount of Old Dinar turned in during the exchange there was about 4 trillion in circulation.
Currently a barrel of oil is about $60. The exact figure of New Iraqi Dinar printed is unknown, but we have heard reports of as high as 16 trillion.
If you do the math based on those numbers, the current real value of the Dinar could be as high as $2.40
Mr. Morrissey doesn’t believe that the Dinar will go on the market at those numbers, but is guessing we could see maybe .30 cents. But he also admits that, “anything can happen”.
Also check this out The Real Story
