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

Originally Posted by archangel

“Anyone who trades in foreign currency should be an expert in that vehicle and you are better off participating in the growth of the American economy by investing in a good growth mutual fund,” commented William E. Braun, Jr., CFP(r), Financial Educator/Counselor, Fleet and Family Support Center at Naval Station Great Lakes.

Expert (as defined by Webster's Dictionary): skillful; dexterous; adroit.

How do you become skillful (aka, expert)? By practicing and gaining knowledge of that skill.

To all of us "practicing" experts

Patty

Wasn't Iraq suppose to meet with the WTO either today or yesterday? I looked on th WTO wbsite and they don't meet again until mid March.

The information that SGS gave and assession into the WTO would work well togather.

Just to hear something to make the rumors real.

Originally Posted by arvie

None of us are sure if the dinar will pay off at all.

Interesting,

Some of us have seen 50% increase already, and 13% in just the past few months, so I think you are mistaken if you are not sure if the dinar will pay off, it already has.

Good luck to all, Mike

i paid 688$ per mil price going up allmost every day no pay out NO WAAAAAY!!!

Kurdistan TV

KTV. The Bush administration is promoting business opportunities in Iraq as fighting rages on, with a senior Commerce Department official leading a mission there this week.

Sectors that focus on rebuilding, such as telecommunications and construction, offer significant opportunities for foreign companies.

Commerce Undersecretary for International Trade Franklin L. Lavin, whose mission began Monday and ends today, met with the Iraqi trade, housing and construction minister and the industry and minerals minister.

Despite current unrest, it is not too early to look into business possibilities, Mr. Lavin said by phone yesterday from Irbil, the largest city in Iraqi Kurdistan.

"Economic progress can be part of the solution, and we really owe it to ourselves not to wait until there's an improvement in security," he said.

"Part of what we are doing here, we think, fits in with the broader political goal of the United States of stabilizing the situation in Iraq," he said.

During the visit, the two sides started the U.S.-Iraq Business Dialogue, a mechanism bringing Iraqi and U.S. businesses together to discuss nuts-and-bolts business issues such as registering businesses, labor law flexibility and tariff issues.

The trip also saw the start of an effort to encourage companies to look at the Kurdistan region as a platform for economic activity and gateway to the rest of Iraq.

Mr. Lavin said it makes sense for some types of companies to look at Iraq, citing a boom in such sectors as information technology, as well as substantial regional activity, including a $300 million airport and a $400 million power plant.

He put the amount of investment in the Kurdistan region since the 2004 fall of Saddam Hussein "in the billions."

In addition, he said, "there's a lot exporting going on," noting that U.S. exports to Iraq reached $1.5 billion last year.

Exports for 2005 were about $1.4 billion, with more than half of that total coming from the cereals, electric machinery and nuclear reactors, boilers and machinery categories.

Simon Beard, head of business development for the Middle East at Nortel Networks, one of the companies on the trip, said he was upbeat about the possibilities in Iraq.

Nortel has been pursuing opportunities there and has closed contracts, including a $20 million deal to build an optical transmission network there.

"In the long term, we think this is a great market," he said, adding that regardless of its political future, Iraq will have oil revenue. And its infrastructure must be built from scratch.

The Washington Post/By Steve Hirsch

Originally Posted by Offshore-Wealth.com

Interesting,

Some of us have seen 50% increase already, and 13% in just the past few months, so I think you are mistaken if you are not sure if the dinar will pay off, it already has.

Good luck to all, Mike

Im talking in terms of a major reval. As far as the recent increase in value, go and convert your dinars to US then tell me how happy you are with the profit unless you are holding millions of dollars worth of dinar. Alot of us arent holding millions so the only thing thats going to excite me is a 1dinar = $1.00 or better reval.

Originally Posted by arvie

Im talking in terms of a major reval. As far as the recent increase in value, go and convert your dinars to US then tell me how happy you are with the profit unless you are holding millions of dollars worth of dinar. Alot of us arent holding millions so the only thing thats going to excite me is a 1dinar = $1.00 or better reval.

It is happening right now. May not be happening as fast as you or I would like but imagine how much happier you are going to be. What I invested could not give me a return like the Dinars will. Lordy be, I would have to work even after I'm dead to get just a small fraction. Lol. So be happy and don't worry; everthing's gonna be alright.
Patiently.

Originally Posted by arvie

Im talking in terms of a major reval. As far as the recent increase in value, go and convert your dinars to US then tell me how happy you are with the profit unless you are holding millions of dollars worth of dinar. Alot of us arent holding millions so the only thing thats going to excite me is a 1dinar = $1.00 or better reval.

Soooomeboooody needs to put on their happy face....

Day getting you down, turn that frown upside down. ---->

Just kidding with the nursery rhymes, but why get so worked up about this.

Just relax partner time will tell. If it is too much to handle then why do it?

You can always walk away, no one guaranteed anyone anything with the Dinar right?

Its all good as long as the Dinar doesn't become worth less than you paid for it or worse yet------->worthless.

Originally Posted by arvie

Im talking in terms of a major reval. As far as the recent increase in value, go and convert your dinars to US then tell me how happy you are with the profit unless you are holding millions of dollars worth of dinar. Alot of us arent holding millions so the only thing thats going to excite me is a 1dinar = $1.00 or better reval.

Interesting,

Profits are profits, that was my point, no matter how much people hold, it is still a profit. Sure, everyone wants a windfall, and nothing else comes close to the potential of the dinar, but that doesn't mean we ignore our profits to this point, any profit is better than no profit which seemed to be your point. So you want be happy at .31 for each dinar?

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Interesting,

Profits are profits, that was my point, no matter how much people hold, it is still a profit. Sure, everyone wants a windfall, and nothing else comes close to the potential of the dinar, but that doesn't mean we ignore our profits to this point, any profit is better than no profit which seemed to be your point. So you want be happy at .31 for each dinar?

Good luck to all, Mike

Mike you always make good points. Even though I am still in the negatives at this point with dinar because I paid Dealer prices.... I would take .31 per dinar in a second!