Thread: Iraq/Dinar News up until March 18th Midnight ctz

Originally Posted by Adster

We'd all take 33 cents for an initial reval, but it will be higher, convinced of it. Read too many articles, spoken to too many to not see it. Time will tell, remember, we started all of this here, and we will see it through and celebrate with plenty of beers at the party. I wanna hear you say 'interesting' at so many different beers on display behind the bar as we try every one of them!!

Trust you'll be up for it?

All right. I just caught up, reading the pages backwards til I found out what this was all about. Beers? Fine. Extension? NOT! COME ON!!! Shuffle it, stir it, frappe it! Just FIX IT fer cryin' out loud! Heck, I'd take a 3 cent reval at this point! Only way it would go is UP! Tantrum? Perhaps, can't help it at this point! ...sorry...still love you guys.

Originally Posted by Adster

We'd all take 33 cents for an initial reval, but it will be higher, convinced of it. Read too many articles, spoken to too many to not see it. Time will tell, remember, we started all of this here, and we will see it through and celebrate with plenty of beers at the party. I wanna hear you say 'interesting' at so many different beers on display behind the bar as we try every one of them!!

Trust you'll be up for it?

No doubt about it, I am ready to celebrate any revalue from .31 to $1.00 plus, so I am with you, set them up, can't wait to make a toast to everyone who has been on this little journey with us. (g)

Good luck to all, Mike

HEY ROLCLUB CHAT INSTALLED NOW!

http://www.rolclub.com/userplane_vbulletin_plugin.php

JUST IN CASE YOU ALL MISSED IT ON THE STICKY

Here is a brief history of the Dinar.

1932 Currency unit consisting of 1,000 fils or 20 dirhams. When officially introduced at the end of the British mandate (1932), the Iraqi dinar was equal to, and was linked to, the British pound sterling, which at that time was equal to US$4.86. 1932–1949
1949–1971 Iraqi dinar (ID) equaled US$4.86 between 1932 and 1949 and after devaluation in 1949, equaled US$2.80 between 1949 and 1971. 1959–1967 Iraq officially uncoupled the Iraqi Dinar from the pound sterling as a gesture of independence in 1959, but the Iraqi dinar remained at parity with the pound until the British unit of currency was again devalued in 1967. 1971 One Iraqi dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began. 1973 Upon the devaluation of the United States dollar in 1973, the Iraqi Dinar appreciated to US$3.39. 1980 It remained at this level until the outbreak of the Iran-Iraq War in 1980. 1982 In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation despite mounting debt. 1988 In early 1988, the official dinar-dollar exchange rate was still Iraqi dinar (ID)1 to US$3.22; however, with estimates of the nation’s inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar’s real transaction value, or black market exchange rate, was far lower-only about half the 1986 official rate. 1986–2003 1986–2003 between .33 cents to 1.32 to a dollar. 2001 Oil-production: 2.452 million bbl/day (2001 est.); note — production was disrupted as a result of the March-April 2003 war (2001 est.) 2002 GDP: purchasing power parity — $58 billion (2002 est.) 2002 Exports–partners:US 40.9%, Canada 8.2%, France 8.2%, Jordan 7.5%, Netherlands 6.4%, Italy 5.4%, Morocco 4.7%, Spain 4.4% (2002) 2003 In october 2003, the official Dinar-dollar exchange rate was ID1 to US$0.00027. 2004–2005 August 2004 till 2005, the official dinar-dollar exchange rate is ID1 to US$0.00068. Population: 25,374,691 (July 2004 est.) 2006 As of Jan 1st 2006, the official Iraqi dinar-US dollar exchange rate is ID1 to US$$0.00067.

Here you go. It sounds like it won't be signed till latter.

Originally Posted by rvalreadydang

AHEM, QUOTING MYSELF IN HOPES OF GETTING SOME FEEDBACK HERE!

ANYONE?

Originally Posted by rvalreadydang

I didn't notice, is there an article about the UN meeting on Friday to discuss the compact?

this is all i could find

Secretary-General Ban Ki-moon said he plans to host a meeting so the Iraqi government can brief states on Iraq Compact plan. Dow Jones Newswires - 13Mar 05:20GMT

Originally Posted by Adster
U.N. chief to host meeting Friday on Iraq Compact to promote the country's development
By EDITH M. LEDERER
13 March 2007 (AP Worldstream)
Print article Send to friend

Secretary-General Ban Ki-moon plans to host a meeting Friday so the Iraqi government can brief U.N. member states on a five-year plan to ensure the government has funds to survive and enact key political and economic reforms.

The Iraq Compact was set up shortly after Iraqi Prime Minister Nouri al-Maliki took office in June 2006 to "consolidate peace and pursue political, economic and social development."

Friday's meeting also will "provide the Iraqi government with an opportunity to inform potential donors on the progress made in the implementation of its commitments," Ban said.

In his quarterly report on Iraq circulated Monday, Ban expressed hope that the date and venue for the launch of the compact will be identified as soon as possible, noting that the documentation has been finalized.

Ban said in Monday's report that he strongly believes "that positive political progress and a reduction of violence are essential preconditions for the success of this initiative."

Since December, however, the report said high levels of violence have continued to overshadow political and reconstruction efforts.

"The worsening security situation, particularly in Baghdad and in the southern and western regions, continues to undermine the ability of the government of Iraq to deliver essential services, create jobs, and reconstruct socio-economic infrastructure," it said.

The U.N. Mission in Iraq and the country team will continue reconstruction efforts wherever possible, including providing support for the International Compact "while also maintaining a strong advocacy role in humanitarian and human rights issues," the report said.

"Ultimately, the Iraqi people and their leaders face a fundamental choice, between seeking a negotiated political settlement or drawing further into the abyss of sectarian conflict," Ban said. "I believe that it is still not too late to turn the tide and prevent further escalation."

As of January, contributions to the U.N. Development Group Iraq Trust Fund totaled $1.12 billion (A850 million) and some 113 projects have been approved for funding, Ban said. He also noted that the fifth meeting of the International Reconstruction Fund Facility for Iraq Donor Committee will take place in Istanbul, Turkey, on March 20.

U.N. chief to host meeting Friday on Iraq Compact to promote the country's

development | Iraq Updates

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Halliburton will remain a legal USA company. Therefore taxes will
continue to be paid to the IRS. If Halliburton is an oil exploration company
doesn't it make sense to be where the oil is ? BUT we can only hope that
maybe they do know something !
IF Halliburton does not remain an USA company (and be required to pay
taxes) ---How many contracts do you think a Dem controlled congress
will allow them to have ?

Originally Posted by Adster

We can only hope that they are trying to shake speculators off. Last summer they tried the zero lop tactic that went down like a mosquito down a mans shorts. And it could get worse, lots of misinfo, bad news, oil summit delayed etc. I guess they still want the IMF to oversee proceedings and will continue to not touch any of the loan. Also may have something to do with the Paris Club and debt relief. The IMF will oversee that Iraq make good on their promises......

Fortunately for us they can and will revalue when they are ready. September? No way.

The Chinese government made it clear 2 years ago about the Yuan in that they would not float it. There were articles, stories etc on what they stated. 2 days later the MoF was told by the CBC governor they were going to float and that was that, done overnight unexpectedly......

I'm sure the same scenario is happening and will continue to happen with Iraq. until they finally revalue.

Adster that all sounds good,but what about this artifical rate,that they were
supposed to lift. Thanks Ronnie

Originally Posted by bigred52

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Halliburton will remain a legal USA company. Therefore taxes will
continue to be paid to the IRS. If Halliburton is an oil exploration company
doesn't it make sense to be where the oil is ? BUT we can only hope that
maybe they do know something !
IF Halliburton does not remain an USA company (and be required to pay
taxes) ---How many contracts do you think a Dem controlled congress
will allow them to have ?

If HAL makes money in the ME and routes the money to HAL Dubai, it never hits the USA. If it stays offshore it doesn't have to pay US taxes on it unless it is repatriated to the USA. Therefore, taxes are never paid because it never comes back.. Since HAL stock is 99% float, whats to prevent a ME Investor from buying 51% if the stock and re-register HAL as a UAE owned Company. 1 Bil shares x .51 x $34 = $ 17 Bil to do that.. Not much for a rich investor!! Bye, bye HAL!!

To let all know the Dinar Gang Chat Room is open now. Click on Chat at the top of the forum. Register and come on in. Here we can dicuss the Dinar Investment live. On a one week trial.

IF Halliburton does not remain an USA company (and be required to pay
taxes) ---How many contracts do you think a Dem controlled congress
will allow them to have ?