Thread: Iraq/Dinar News. Before Feb. 21, 2007

Originally Posted by DinarDevildog

N Muslim and in most countries of the world, especially the developing m Nha large role for central banks in the Department of Labor Yeh economic dominated because those items for the entire Walt Daulat cash to the fact that most banks from branching Ha feed and financed and guided through its guidelines Beso danger, directly or indirectly, other than the industrial countries and the advanced which the private banks and banking companies global funded Brsamil huge industries hurt He developed, such as cars and industries Alpetrokim harboring, which kept pace with its banks and the stock exchanges global spot, it evaporated the banks have the upper hand in this Almadma R. compared with the central banks, therefore Bastta made us acutely emphasis on the impact of the Central Bank of Iraq j plans and programs in our federal and private ( after independence from the Ministry of Finance 2004), 1996/14 to the course of the economic wheel and specifically the impact p Lee cash and the reduction of the phenomena of inflation and now Kamash, which Tutheran positively or negatively to the strong WALSH Raih of the entire social strata and the movement of ESO Requests pension and the situation of the citizens, especially if the gendarmerie a The official reports indicate a cash surplus up Dr. forty billion dollars in 2005 and double that amount of for the financial year 2006. From here we have the role of the Central Bank enormous if plans Pa Moan in the light of modern scientific programs of the operation of the entire economic and special prices and Oscillation-a for normal in the Iraqi market, which so far has not developed scientific mechanism and process to reduce or at least stop when alone to prevent the deterioration of the pitfalls and things secretions serious Kalexad and economic stagnation. It suggested guided by the following :-1. State intervention by the Central Bank to strengthen a force the purchasing of cash (National) compared Bala Mulat and other special (from the U.S. dollar through Ar z quantity balanced and according to laws of supply and demand is not for sale Mtassas the largest possible quantity of the dinar to strengthen the value you Mia traded in the market, which would lead to lifting the cascade. uh purchasing dinars compared to what they were previously, the first positive gesture by senior Central Bank has enhanced status, the Iraqi dinar improved the rate of exchange of 1500 dinars to the dollar to the borders of 1300 dinars vinegar the short period, which led to increased demand in the ESO Requests the local circulation of the national currency in Altam Latt Journal, which directly impact on the phenomenon of inflation and Art month prices generally had a positive impact on the Madj Latt and citizens, especially those with fixed incomes. For Taiz Iz this achievement we call the Central Bank to continue this approach step by step, gradually, assigning y you subscription process for securities and offering price utility prices up to a limit of 16% as is the case with banks only Hlih 5% instead of a dealer, which currently lead the j remarkable retreat in inflation and of 76% for the Year the current fiscal 2006 to levels much lower. 2. b what the movement under the market economic activities T. Aatmad in sales and purchases on humored Alciolten friendly dinar and the dollar side by side and even in the solution peoples minimum of economic transactions it can to say that it would inevitably lead to lower power Shara Teh for the dollar and that had prevailed previously (in a market the national exclusively) compared Iraqi dinars and would y you positively on the commercial operation of Foreign t State and private enterprises, especially if the gendarmerie a count and that we are based on foreign imports e industrial, commercial, consumer and by more than 95% and in strengthening the purchasing power of the national currency Su P does not resort drops and the other to raise salaries and wages, other than a lot of negative effects on the totality of economic activities. 3. to continue to pursue this, Alan Aj and deliberate push speculators and currency dealers in the inside and outside the national currency to buy either by Walsh Arkat banks and global banking or savings and other m this leads to a strengthening of the role of the Iraqi dinar and Asta this prestige in international transactions (as happened in the States e Kuwait in 1992) departed after the invasion, where the price Kuwaiti dinar rate of 700 dinars to the dollar 3 dollars for the Kuwaiti dinars per despite m n enormous devastation caused by the invasion. We say in the coffee Yeh infrastructure and immense natural wealth orphaned p Iraq whether in the earth Kthalth Sewa Bared camps oil in the world, or at the level of surface rich that Radi arable land and water available and Alkthav e modest population demographic and industry Elsie Acheh and good investment opportunities, especially after the adoption of S44 Nee new investment in Iraq and in the federal Agle m Cordstan and all these programs will lead to the period after the T. Aziz, the national currency and recover and Alm'm l, according to analysis in magazines and newspapers, a specialist according to the universality and conclusions advisers gradual n the world and the Internet sites and competent as a result of the new political circumstances and developments which dominate the event Oh, modern strategies designed for this purpose usage Lamia all these reasons will play after a short period e to the possibility of convergence of the Iraqi dinar exchange rate during the the first quarter of the year 2007 to the borders of 1000 dinars% pw Laar and the American one, so we will have achieved a leap pw Tassadeh will have social and political repercussions and the security Yeh positive at the state level federalism.

What stands out to me and this may just be me but this number 1000% might be a mistranslation of the famous "three zeros lift" because three zeros takes you to the thousands place in mathematic formulation although as we all know lifting three zeros means much more than 1000 percent increase.

Breaking: Blair pulling troops from Iraq.

Breaking on CNN I'll find a link in a few minutes.


FT.com / In depth - Blair to reveal 1,600 cut in Iraq troops

Originally Posted by wciappetta

What stands out to me and this may just be me but this number 1000% might be a mistranslation of the famous "three zeros lift" because three zeros takes you to the thousands place in mathematic formulation although as we all know lifting three zeros means much more than 1000 percent increase.

wciappetta, I got this from your sig:

"Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states [ MOF Sept 2006]"

And here is what I got ( it may have been posted) :

Gul - Faysal Meeting

".....

Another issue which was high on the agenda of the meeting was the initiative of Turkey for the meeting on Iraq`s neighboring countries. Saudi officials strongly support this initiative.

Initiatives continue for a new neighboring countries meeting to be held on high-level officials in the end of February and on ministerial level within March.

Iraq, in the beginning of February, had invited its neighboring countries to such a meeting which is planned to be held in March in Baghdad.

Iraq had invited Turkey, Iran, Jordan, Kuwait, Saudi Arabia, Syria, Egypt, Bahrain, Arab League, Organization of the Islamic Conference and UN to the meeting.
..."


hmmmm...


And then, in the article posted by DinarDevildog:

"...(as happened in the States e Kuwait in 1992) departed after the invasion, where the price Kuwaiti dinar rate of 700 dinars to the dollar 3 dollars for the Kuwaiti dinars per despite m n enormous devastation caused by the invasion. "




Did we EVER read this in an article before? I think it is the first time when there is a comparison made publicly between the Kuwait currency reval and a possible Iraq currency reval....

Originally Posted by railroad

OK, let me state my 2 cents worth....."This law enters force 30 days after publication in the Official Gazette". Today is Feb 20, a day or 2 in parliment and then, onto the gazette then becomes enforced in 30 days.......Theres March 22 popping up again?????????????????????

Just one thing, In the PDF version of the HCL the 30 days is struck-through. So it reads "This law enters force after publication in the Official Gazette"

Originally Posted by Ranger III

When the Kuwaiti dinar went from 700 dinars to the dollar to being worth
$3.00 in the early 90's, it appreciated by a factor of approximately 2,028
times its depressed value.

Similarly, if the Iraqi dinar were to appreciate from 1,283 dinars to the dollar
that it is today to being worth $1.29 it will have appreciated by a factor of
approximately 1,655 - in other words significantly less appreciation, in terms
of comparable multiplier factors, than the Kuwaiti dinar experienced.

Skeptics will say to this that Kuwait had substantially fewer Kuwaiti dinars in circulation then than Iraq has Iraqi dinars in circulation now. They certainly would have been right about this last October. But now, 5.4 trillion Iraqi
dinars out-of-circulation later (according to Socata 850's good work),
such skepticism I believe should be in full retreat.

I suspect that Wm. Knowles, SGS, RollsRoyce, Socata 850 et al. concur in
this view.

Why anyone who is not in desperate need would want to cash out now is beyond me.

Kuwait didnt have 100 people or more dieing every day. They didnt have soldiers in thier country fighting. They also didnt have as much oil or as much to offer. BUT before I start contradicting myself lets face this. As much as you woud like to compare kuwait to iraq you cant. Its a totally diffrent time in the world. Terrorist are willing to do anything on the face of the earth to get thier message out. I am not saying dinar isnt a good investment because I wouldnt be hear right now if I felt this way but.... None the less lets face the other side of things aswell..

Originally Posted by Inscrutable

Breaking: Blair pulling troops from Iraq.

Breaking on CNN I'll find a link in a few minutes.


FT.com / In depth - Blair to reveal 1,600 cut in Iraq troops

This was expected as it was announced two months ago.....of course CNN wants to play this non-issue up....I'm telling ya the major media are a treasonous bunch. Their reporting only encourages more bloodshed. If I were the President their editors and producers would be charged as enemy combatents....they always distort the truth....

Pauli you are looking at the most narrow view possible. All you see is terrorists and violence. Your right, you can't compare the two countries, I agree. But Thats where you and I split. Iraqi has agriculture, Kuwait does not. Iraqi has natural gas and is building LNG plants and port facilities, Kuwait has very little. Iraq has ten times the infrastructure to build and maintain which drives the economy. Remember FDR used infrastructure repair and building projects to put poeple to work that helped the U.S. out of the depression. Iraq is building a manufacturing industry. I have made this statement and I stand by it. Iraq will be the number one manufacturer of goods in the middle east within ten years. I do not include Israel because they are not Muslim and are not common to the GCC. I don't know if you have been to Kuwait or Iraq. Been to both. In comparison Kuwait is a small finely cut shiny diamond and Iraq is the large uncut diamond in the rough. It will come to pass when Iraq will be a large finely cut cut gem with hundreds of facets that over shadow the little stone.

Originally Posted by PaulieThaGreat

Kuwait didnt have 100 people or more dieing every day. They didnt have soldiers in thier country fighting. They also didnt have as much oil or as much to offer. BUT before I start contradicting myself lets face this. As much as you woud like to compare kuwait to iraq you cant. Its a totally diffrent time in the world. Terrorist are willing to do anything on the face of the earth to get thier message out. I am not saying dinar isnt a good investment because I wouldnt be hear right now if I felt this way but.... None the less lets face the other side of things aswell..

Paulie, I'll take this piece by piece.

Kuwait didn't have 100 people or more dieing every day.

Take a look at Israel. A strong economy with almost daily bombings/attacks. To quote the President... "Let`s put it this way: money trumps peace sometimes. In other words, commercial interests are very powerful interests throughout the world." If you look at the Middle East you will see that in many of the prosperous countries you have the same sects found in Iraq, Sunnis & Shias. In fact, look at Kuwait, there are Sunnis, Shias, Christians and Palestinians all living in relative peace. What we need in Iraq is prosperity to end the violence.

They didnt have soldiers in thier country fighting.

Kuwait did not but if you look a little further back, in Post WWII Germany there was a resistance group calling themselves the "werewolves" who carried out terrorist activities against the occupying allied forces. The Marshal Plan was carried out despite this insurgency and the currency was revalued while the country was occupied. The revaluation is given partial credit for the downfall of the "werewolves".

BUT before I start contradicting myself lets face this. As much as you woud like to compare kuwait to iraq you cant. Its a totally diffrent time in the world. Terrorist are willing to do anything on the face of the earth to get thier message out.

It's not a totally different time as far as Islamic terrorism goes just take a look at the list below.

Attack on the Munich Airport, February 10, 1970: Three terrorists attacked El Al passengers in a bus at the Munich Airport with guns and grenades. One passenger was killed and 11 were injured. All three terrorists were captured by airport police. The Action Organization for the Liberation of Palestine and the Popular Democratic Front for the Liberation of Palestine claimed responsibility for the attack.

Munich Olympic Massacre, September 5, 1972: Eight Palestinian "Black September" terrorists seized eleven Israeli athletes in the Olympic Village in Munich, West Germany. In a bungled rescue attempt by West German authorities, nine of the hostages and five terrorists were killed.


Attack and Hijacking at the Rome Airport, December 17, 1973: Five terrorists pulled weapons from their luggage in the terminal lounge at the Rome airport, killing two persons. They then attacked a Pan American 707 bound for Beirut and Tehran. After Lebanese authorities refused to let the plane land, it landed in Athens, where the terrorists demanded the release of 2 Arab terrorists. The Palestine Liberation Organization disavowed the attack, and no group claimed responsibility for it.

Iran Hostage Crisis, November 4, 1979: After President Carter agreed to admit the Shah of Iran into the US, Iranian radicals seized the U.S. Embassy in Tehran and took 66 American diplomats hostage. Thirteen hostages were soon released, but the remaining 53 were held until their release on January 20, 1981.

Grand Mosque Seizure, November 20, 1979: 200 Islamic terrorists seized the Grand Mosque in Mecca, Saudi Arabia, taking hundreds of pilgrims hostage. Saudi and French security forces retook the shrine after an intense battle in which some 250 people were killed and 600 wounded.

Bombing of U.S. Embassy in Beirut, April 18, 1983: Sixty-three people, including the CIA’s Middle East director, were killed and 120 were injured in a 400-pound suicide truck-bomb attack on the U.S. Embassy in Beirut, Lebanon. The Islamic Jihad claimed responsibility.

Bombing of Marine Barracks, Beirut, October 23, 1983: Simultaneous suicide truck-bomb attacks were made on American and French compounds in Beirut, Lebanon. A 12,000-pound bomb destroyed the U.S. compound, killing 242 Americans, while 58 French troops were killed when a 400-pound device destroyed a French base. Islamic Jihad claimed responsibility.

TWA Hijacking, June 14, 1985: A Trans-World Airlines flight was hijacked en route to Rome from Athens by two Lebanese Hezbollah terrorists and forced to fly to Beirut. The eight crew members and 145 passengers were held for seventeen days, during which one American hostage, a U.S. Navy sailor, was murdered. After being flown twice to Algiers, the aircraft was returned to Beirut after Israel released 435 Lebanese and Palestinian prisoners.


These are just a few of the terrorist attacks that go back quite some time, for more look at Significant Terrorist Incidents 1961-2003: A Brief Chronology

As for looking at the other side of things think about this. If Iraq is a free and prosperous nation it will help cause an uprising in the already troubled country of Iran. Iraq is the key to changing the face of the Middle East and saving the world from being taken over by Muslim extremists. In my opinion a strong currency will go right along with a strong economy and nation. It's part of the key to saving our future.

Originally Posted by Inscrutable

Breaking: Blair pulling troops from Iraq.

Breaking on CNN I'll find a link in a few minutes.


FT.com / In depth - Blair to reveal 1,600 cut in Iraq troops

I think Blair talked about withdrawing troups in 2008,
hopefully Iraq will be in a different position by then !

Originally Posted by PaulieThaGreat

Kuwait didnt have 100 people or more dieing every day. They didnt have soldiers in thier country fighting. They also didnt have as much oil or as much to offer. BUT before I start contradicting myself lets face this. As much as you woud like to compare kuwait to iraq you cant. Its a totally diffrent time in the world. Terrorist are willing to do anything on the face of the earth to get thier message out. I am not saying dinar isnt a good investment because I wouldnt be hear right now if I felt this way but.... None the less lets face the other side of things aswell..

Iraq, Kuwait and Germany are apples, oranges and pears respectively and are not comparable for analysis. The results will be the same but the paths will totally differ.