Thread: Iraq/Dinar News. before Febuary 2nd 2006

Ok $Onedaysoon$! Please break this down for us!We little bees need a little help!Do you believe the budget is already done or will we see it ratified next week?
Sarah!!GO DINAR GO!!!!

ratified soon, and in the budget will be a revalue that sounds like equal to the dollar or over (thats how I read it)

:) WOOOOOOOOOOOOOT!!!!!!!!!!!!!!!!!!!

Originally Posted by spirit

I would like to thank all those who post regularly to keep RC members informed about the progress in this investment.
I am one of those who read everyday but seldom post.
I understand the CBI holds daily auction
But who determines How much dinar would be bought back at each auction
Assume that on an auction day no bank shows up to offer to sell their dinars, what can the CBI do if they are determined to buy dinars back? Lower the rates as an incentive until they find a taker?
Thank you

These are very good questions. There are private banks in Iraq, but most are state owned. i.e. controled by the CBI. My opinion is that the state owned banks are being dictated to by the CBI and have little choice as to how much is transacted and at what price. The auction tells us how many banks participated but not which ones. It may be reasonable to assume that the privately owned banks are able to "run their own program". And may not be selling their dinar to the CBI. Thank You.

Originally Posted by Wm.Knowles

These are very good questions. There are private banks in Iraq, but most are state owned. i.e. controled by the CBI. My opinion is that the state owned banks are being dictated to by the CBI and have little choice as to how much is transacted and at what price. The auction tells us how many banks participated but not which ones. It may be reasonable to assume that the privately owned banks are able to "run their own program". And may not be selling their dinar to the CBI. Thank You.

Nice quote Mr. Knowles,

If you are privately owned, maybe by an outside firm from another neighboring country. Why would you sell them back to the CBI?

Makes you wonder, how many new private banks are currently set up?

I wasn't sure where to put this, I didn't want to put it in rumor (because it's not a rumor) and to me it's news from the bank I went to so here it is
Last Friday Jan 19, a friend and me went to Chase bank in Beaumont, Tx to buy more dinars and open an account.
The lady opening our acount asked me how much I wanted to open my account with and I told her minimum amouont for now until the dinars revalued. When i said that to her she then asked me and my friend "What's up with that, the dinars, all of a sudden Exxon people started coming in this week like crazy buying dinars"
My friend and I looked at each other and smiled, because to us exxon people starting to buy dinnars the way she said was good news to us.
Anyway just wanted to let everybody know of our banking experience and the news we had learned.

My mother gave me 250,000 Dinar as a Birthday Present. I have never had anythinig I invested in work, so I hope I am not jinxing you guys, but I do hope this one goes.

Thanks for all the information and hope.

JD

Adoption of view : Balancing 2007 and the extension of the state of emergency. Parliament voted to extend its work until next month


بغداد/ هشام الركابيBaghdad / Hisham became
The Congress voted yesterday at its meeting chaired by Dr. Mahmoud Almshahadani the extension of the Council's work until the 10th of next February. He said Almshahadani for members of Parliament : "an agreement has been reached to extend the work of the Council but on condition that the period be productive and the completion of the vote on the budget and approve the work of the Office of the Independent Electoral Commission and the law of the municipal elections and the extension of the emergency law. The Council voted unanimously to extend the work of parliament until the 10th of next month.

A member of Parliament from the Kurdistan Alliance Azad Bamarni that the parliament will continue to discuss the draft budget for 2007 until next week. " Bamarni and between that and are not entitled under the constitution of the House of Representatives enjoy the end of the second legislative session without approving a budget in 2007.

Translated version of http://www.almadapaper.com/paper.php?source=akbar&mlf=interpage&sid=12705

thanks Alot Dd!!!! Sounds Like Things Are Really Starting To Pick Up! May The Frenzy Begin!

wooooooooooooooot

: موازنة العراق الفيدرالية لعام 2007 على طاولة "المدى"المستديرةIraq : the federal budget for 2007 on the table "long" table


بغداد/ جمالBaghdad / beauty
كريم ناقش عدد من الاكاديميين والباحثين والمعنيين بالشأن الاقتصادي العراقي أمس الثلاثاء "موازنة العراق الفيدرالي لعام 2007" من خلال طاولة المدى المستديرة التي أقامتها مؤسسة المدى للثقافة والاعلام والفنون ، ذلك مما للموازنة الاقتصادية من حيث الانفاق أو الايراد من تأثيرات فاعلة تدخل في مجال الانشطة الاقتصادية الوطنية.Karim was discussed by a number of academics and researchers and the Iraqi economic affairs yesterday, Tuesday, "Iraq's federal budget for 2007" through a long tables set up a long culture and the media and the arts, so that the economic balance in terms of expenditure or revenue from the effects of active intervention in the area of national economic activity.
وفي البداية قدم الدكتور ماجد الصوري الذي أدار مفردات الطاولة، ورقة العمل التي تضمنت ملاحظات عدة حول الموازنة .<BR>وأشار الصوري أن مقدمة الموازنة أكدت على مجموعة من المتغييرات الاقتصادية بعد أحداث التاسع من نيسان عام 2003، تمثلت بضعف الموارد المتاحة للدولة ،At the outset, the picture presented by Dr. Magid, who guided the items table, the working paper which included several remarks on the budget. < BR> The picture that the introduction to the budget on a series of economic variables after the events of the 9th of April 2003, was weak resources available to the State

Translated version of http://www.almadapaper.com/paper.php?source=akbar&mlf=interpage&sid=12705

I sure hope theses are true. but they sould be in the rumor forum unless they contain real New on the dinar. If it is just a guess then keep it in the rumors. ----(It is good to hear though) LOL