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

Originally Posted by chadm

i have a question, what happens if all of these laws are passed and ratified and we still dont see some sort of huge jump ,what happens then ?any sort of time frame or just wait till it happens which at iraqi pace could be a long time.just want some opinions

thanks

Good Morning chadm,

This is a possibillity indeed. Lets say it does happen this way. And it dosen't open large. With all the Laws passed and the Free Market established and ISX trading Globally. I would say 2 to 3 days MAX!!!!!! It will far exceed your Wildest Dreams. Then add the Electronic Version for the ISX, ready by April. The Sky is the Limit. Have a Good Day.

BTW, this is not "My Honest Opinion", This is a "FACT".

Originally Posted by neno

Good Morning chadm,

This is a possibillity indeed. Lets say it does happen this way. And it dosen't open large. With all the Laws passed and the Free Market established and ISX trading Globally. I would say 2 to 3 days MAX!!!!!! It will far exceed your Wildest Dreams. Then add the Electronic Version for the ISX, ready by April. The Sky is the Limit. Have a Good Day.

BTW, this is not "My Honest Opinion", This is a "FACT".

so what your saying is we are all in good shape? how can so many people be so negative about this if it looks like such a winer.thanks for your info neno

Originally Posted by chadm

so what your saying is we are all in good shape? how can so many people be so negative about this if it looks like such a winer.thanks for your info neno

What I am saying is what I am saying in the Senario you put the question.

As far the Negative, hummmmm, havent figured that one out. But I have really not indured too.

Here is a couple God Painted Picture's for you. Enjoy.

thank you for the pics Neno....sure would like to go there...

Originally Posted by JLO's_Bubba

Dollar demand higher in Iraqi central bank auction
By Dergham Mohammed Ali
Baghdad, 26 January 2007 (Voices of Iraq)


Dollar demand moved higher in the Iraqi central bank daily auction on Thursday reaching 101.510 million compared to $65.810 million on Wednesday.

In its daily statement, the bank said it covered all bids which were $15.110 million in cash and $86.400 million in foreign transfers at an exchange rate of 1,292 dinars per dollar, three ticks lower than yesterday.

Fourteen banks participated in Thursday’s auction and offered to sell $10 million, the highest over a year, that the central bank bought all at 1,290 dinars per dollar rate.

Ali al-Yasseri, a trader, told the independent news agency Voices of Iraq (VOI) bids will increase in the daily auction for the finance ministry is seeking dinars to cover the 2007 budget in Iraqi dinars.

Dollar demand higher in Iraqi central bank auction | Iraq Updates

So they plan to buy back enough dinar to cover the 2007 budget. If they can take a little over half of the "reported" dinar out of circulation they could have 10 trillion dinar for the budget of 41 billion dollars (51.6 trillion dinar with an exchange rate 1260). At this rate they would have to recycle all of the dinar they have for their budget every 3 months. That means it would have to be paid out to contractors and returned to the CBI EVERY THREE MONTHS, no one could save and none of the dinar could leave the country... And this is a optimistic look at the situation. You have to remember that the majority of dinar in circulation is being used to conduct daily business, if they remove half the dinar in circulation they MUST increase the exchange rate. This doesn't even take in to account the chance that the reported M2 may be incorrect or the speculators and (possibly) foreign governments that have dinar... All I can say is the value MUST be increased by a minimum of 75% or 315:1 but as their projects increase and the US puts more pressure on Iraq to take over completely I think we are going to have to see a minimum of 10:1 just to make things work. No doubt we will see a large increase soon and hopefully to fend off further speculation and plan for the expenditures over the next 5 years we will see an initial increase to 1:1- 1:3

Quote:
Originally Posted by TerryTate
Hmm, kinda interesting that the CBI exchange rate should be around 1260:1 around February 7th, at the current weekly rate changes....

Hmm, very very interesting....

Originally Posted by shotgunsusie

extremely close. gotta love it.

In your opinion, ( time for the relentless attackers to chill out. I am only asking for an opinon not a fact) how close to 7th do you think we are talking about? The very day or a few days before at the very least? Man, with all of these laws ready to hit, people are going to need a program of events menu to try and figure out what is going on and when. I for one like many of the rest of us are way past ready for this thing to hit and hit big!!! Of course the one that matters most to us is the big bold adjustment figure.

Thanks SGS for all of your posts and contributions we appreciate it!!

worf

26/01/07 15h25 GMT

AFP News brief
Feared Shiite militia offers to disarm in Baghdad bastion
by Ammar Karim
Send by e-mail Save Print A feared Shiite militia, accused by US commanders of operating death squads, is ready to disarm in its Baghdad bastion if police provide residents with protection, a government official has said.

One of two district commissioners appointed by the central government to administer the sprawling Sadr City area dominated by the Mahdi Army militia of radical leader Moqtada Sadr said the militia was ready to implement its offer as soon as government forces deployed.

"We have said repeatedly that the popular committees (the Mahdi Army) will put down their weapons as soon as Iraqi forces enter this area," Karim Hassan Matar told AFP on Friday.

"If Iraqi forces were up to the job, weapons would be laid down all over Baghdad."

Militiamen loyal to the Sadr Army are the de facto defence force in Sadr City, a teeming district of two to three million inhabitants that was hit by a string of car bombings by suspected Sunni Arab insurgents in November that killed more than 200 people in the worst violence since the 2003 invasion.

But the fighters stand accused by the US military of playing the leading role in the raging violence that claims some 100 lives a day, ahead even of that played by Al-Qaeda.

Shiite civilians have repeatedly been targeted by Sunni insurgents, with officials seemingly unable to stem the civilian casualties.

Matar said he was confident that a new Baghdad security plan, to be backed up by a major US troop surge, would end the vacuum in law order that had spawned illegal armed groups.

"There will be no need for arms once the security plan is implemented," he said.

Matar vowed that the make-or-break security plan unveiled by embattled Prime Minister Nuri al-Maliki would be implemented without fear or favour as regards the Mahdi Army or anyone else.

"If anyone is proven to be involved with criminals, let the Iraqi forces arrest him. We support the rule of law," he said.

Maliki, who has come under fire in Washington for not doing more to take on Shiite militias linked to parties in his dominant political bloc, promised Thursday that he had given the security forces authority to take the gloves off with anyone who defied the law.

"All those who break the law will be hunted down," he pledged.

The Shiite premier said religious sites would not be "permitted to be safe havens for law breakers," and added: "There will be no state within a state."

Under the new security plan, around 35,000 US troops and some 50,000 Iraqi personnel are to try to secure Baghdad.

Matar stressed that he was expecting Iraqi troops to take the lead in the Baghdad crackdown, not their US allies.

"It is said to be an Iraqi plan. US forces are said to just provide air and ground back up."

The Mahdi Army has come under mounting assault from security forces in recent days even as the movement's political wing has retaken its seats in parliament after a nearly two-month boycott.

On Tuesday, the US military said it had detained more than 600 of the movement's militiamen.

Sadr's movement is fiercely opposed to the presence of US-led troops in Iraq and led two uprisings against coalition forces in 2004.

But a leading member of Sadr's 32-member parliamentary bloc, Baha al-Araji, said Thursday that the movement supported the new Baghdad security plan "without reservation".

http://www.france24.com/france24Publ...52506.hkg1fq5y

Forum looks at global changes

1/26/2007

By TRUDY RUBIN

DAVOS, Switzerland - When I tell friends I'm off for the World Economic Forum in Davos, they usually assume this is some kind of boondoggle. Five days in a Swiss alpine town, at a conference with more than 2,400 global political, economic and cultural leaders, including 800 top CEOs - the assumption is that Davos is one big party on the ski slopes.
Well, there are a lot of receptions and parties (although the Davos conference center is mostly underground, with no view of the slopes, and anyway I don't ski). But the astonishing thing about the Davos meeting, which started Wednesday, and the reason so many busy people keep returning, is that its packed sessions offer an acute snapshot of global trends.

This year's focus is on "the shifting power equation" - another way of saying that global economic and political power is fragmenting and the American unipolar moment is gone.

There is no sense of triumphalism from non-Americans here at the slow decline of U.S. power, nor is there any anointed successor. This year is unlike Davoses past, which extolled American economic and technological primacy (late 1990s) or the rise of Asia, or the hope for a powerful United Europe that would rival the United States.

This is a chastened Davos, with no country or region being lionized, and a frisson of unease about the political future. A survey of participants showed that 61 percent believed that the next generation will live in a less safe world.

If the era of U.S. primacy is gradually passing, no one knows who or what will succeed it. For the first time, China, Brazil, Russia and India account for 40 percent of world output, the Davos organizers say, and Asian consumers are playing an increasingly important role in global demand. A spate of seminars fall under the heading "Economics, new drivers." One panel is titled, "What's on the Mind of Asia's New Business Giants?"

But the world still depends on America as a reliable growth engine. And, as China's economic power grows, we don't know how responsibly it will, or will not, behave. Or as another seminar blurb asks: "What Kind of World Does China Want?"

Nor do we know what will be the result of the Chinese and Indian search for more sources of energy - or whether Russia will continue to use its supplies of oil and gas as a weapon over former communist countries and, possibly, Western Europe.

The Davos panels on geopolitics pay sad testimony to the decline of U.S. global influence. Several focus on the troubles in Iraq, and many of Iraq's top leaders will attend. Lebanon's embattled Prime Minister Fuad Saniora will be here, along with Jordan's King Abdullah and Palestinian leader Mahmoud Abbas. The meetings on the Middle East's future are likely to be glum.

Indeed, the sense of this year's program is that governments, including ours, are falling behind non-state actors in driving the world, whether those non-state actors be terrorists, or individuals networking together with computers, or the World Wide Web itself, which can be used to rally movements in ways that states find hard to thwart or duplicate. A whole series of panels will look at technology and society and how networking is driving change.

Yet amid all this uncertainty, there is a bright spot: the exciting potential of nongovernment actors - including a huge role for big-company CEOs - to affect one of the most crucial issues of our time: climate change. This year's meeting focuses heavily on environmental issues, with 17 panels on aspects of climate change. If one trend defines this year's Davos, it may be the recognition by top business leaders that the world can't wait any longer to confront climate change.

Buffalo News - Forum looks at global changes

I remember this one as a kid hanging on a wall in our house.

LOL @ neno. I just noticed how you slipped the dinar picture in there with the rest.