Thread: Iraq/Dinar News Up until April 5th 5PM CTZ.

Iraqi Stock Exchange offering guarantees to foreign dealers
Source : Dar Al-Hayat-04 / 04 / 2007

Drew observers speculate the movement of the stock market in the Iraqi Stock Exchange, to the recovery that accompanied the recent trading sessions, particularly after the announcement of the adoption of mechanisms for the circulation of securing non-Iraqi investors in the market, it may be the beginning of the reception is good for transactions related deals offset massive losses incurred by holders of shares last year, resulting from the implications of the security situation, and the absence of mechanisms to enhance investment activity, and to respond to the requirements of the market economy.

The Executive Director of the Bank for Investment Iraqi Hamza Hlbon, indicators of deliberation to reach a high level with the start of operation of the electronic transaction, expected early in September (September) next, expecting a qualitative development in the circulation, with the entry of non-Iraqi investors.

He pointed out that the recent meetings of the Stock Exchange recorded an encouraging start to the various sectors, especially the shares of banks, which maintained the top circulation by very high for a long period.

He did not rule out that the Executive Director of the Bank <Assyrian International> Zuhair Al-Hafiz, hope that positive shifts anticipated stock Iraqi important aspect of the Arab bourses rebounds and global, in the light of the desire of Arab and foreign investors in the market shares of Iraq circulation of securities, reflecting the increased interest in this promising field.

I emailed this guy Adel and asked him what his thoughts are of the Iraq economy and also to join us here. I await his reply.

Hometown Baghdad

Expectations of a decline in the prices of commodities and materials in the Iraqi market
After a relatively stable
Source : Al Sabah-04 / 04 / 2007

Dr. Magid fictitious expert at the Central Bank of Iraq decrease in the price level under the CBE raised the value of the Iraqi dinar against the dollar and requires a period of time estimated at the end of the current year, the picture drew attention to the insistence of traders on current prices quite normal when viewed merchant to exchange rate the first makes it adheres to current prices but the reality tempted to lower their prices after the supply of goods and the goods.

He said : that the citizen can contribute in this equation through consumer awareness and waiting for an opportunity to decline and postpone part of the requirements and needs are not pressing.

Baghdad markets are relatively stable prices for all goods and materials except transport rates despite the rise in the price of fuel recently.
A number of owners of shops in Baghdad that the security plan has contributed greatly to the ease and cruise the arrival of goods to the warehouses of the neighboring countries, despite the high amounts of transport, but traders pointed to the importance of the secretariat of Baghdad, and authorities on the organization of the movement in the markets

Chairperson in Baghdad, and seeking to overcome the obstacles facing them and of the work of cleaning and lift some barriers to the conduct of buses transporting materials and goods, in addition to calling for the creation of alternative markets for those in the hot spots and provide security in other markets where terrorist operations continue.

The Hashim Al Saeedy "trader in the market Alcheorgh" a good purchase these days because of the security plan "to impose the law", which facilitated many of the charts and people's access to the market as prices stay as they are, despite the rise, which happened in fuel prices.
He added : expect growing turnout of citizens to purchase household electrical goods if the application of new salary Peace Action, which is hoped to raise rates whereby staff salaries.

For his part, the Medal Zeidi "trader foodstuffs" in the market for a beautiful buying and selling movement growing since the beginning of Baghdad security plan, which has greatly facilitated the arrival of traders governorates of Iraq's various buying of the market, which is a beautiful center for the sale of bulk food.

He said : Zeidi fixed prices, and 24 There can not for any increase, and the news which refers to a rise in prices due to high fuel prices nothing but rumors are not true, but that some of the articles witnessed a low for a reasonable because of the ease of shipment from the border to stores in the markets of Baghdad.

He pointed to the existence Zeidi sale of a large movement of materials and foodstuffs entering from Iran, Jordan and Syria, and that the prices of all materials firm, stable and Masad it is also the stability of the dollar, and make sure the merchant of the absence of coups at the dollar as it was before ..

It said Abdel-Hassan Thamir "economic researcher," that the prices of materials and goods for these deceptions rise, due to the stability of the salaries of civil servants rates, and exchange rates, in Baghdad, through the policy "good" to the Central Bank's efforts to reduce the impact of inflation .. Therefore, prices remained stable.

He added Thamer : There are good indicators started enjoyed by the Iraqi market is not subject to variables emergency was also affected by the previously .. The process of price stability for the higher fuel prices only proof of this matter.

This, as well as non-interference by government bodies, merchants and the work of selling and buying .. What increased the selling and buying side without pressure.

He also stressed : I believe that the market will see a much larger movement future, the prices will remain without abrupt changes.

Originally Posted by wciappetta

You know it almost looks like a shell game. They dumped what we might term an excessive amount back in recently only today to pull it all out again plus what a normal auction might yield. it would be interesting to see if this continues.....

It might just be a holding pattern. I read that one trader recently referred to the small auctions were the result of a lack of money while we see larger amounts of money put back in circulation to be pulled out again.... so i guess if the major RV delays further and we see this pattern continue I would conclude that the target number of the CBI has been reached.

Thoughts?

smaller bills out, larger bills in??

Sebastian River Holding’s Inc. Announces Its First Foreign Currency Investment; 100,000,000 Iraq Dinar


SEBASTIAN, Fla.--(BUSINESS WIRE)--Sebastian River Holding's Inc. (Pink Sheets: SBRV), today announced that the company has joined the United States and has invested in the Iraq economy, by purchasing 100,000,000 Iraq Dinar.
The company feels that this investment will increase dramatically in the near future. As of today 1,000,000 Iraq Dinar is equal to $784.93 USD, according to the Central Bank of Iraq (CBI). Since it is nearly impossible to purchase directly from CBI, 1,000,000 Iraq Dinar is being sold as high as $1340 USD here in the United States.
Iraq news sources, state that a revalue of the Iraq currency is in the near future. Prior to war with Iraq, the Iraq Dinar was valued as high as $3.20 USD per Dinar. This means 1,000,000 Dinar was worth as high as $3,200,000 USD back when all was well between the US and Iraq.
“We are on our way to become large investors in foreign currency,” stated Daniel Duffy, President/CEO of Sebastian River Holding’s Inc. “Since Iraq has the largest natural gas reserve in the world and is the 2nd largest proven oil reserves in the world, with over 100,000,000,000 barrels of oil, the company feels that the Dinar reaching 1 Dinar per US dollar is feasible. If the rate goes 1 Dinar for 1 US Dollar, this would give Sebastian River Holding’s Inc. a profit of well over $99,000,000 from this one investment.” Sebastian River Holding’s Inc. will soon announce other foreign currency investments and updates on the two acquisitions of Pelican Capital Mortgage Lending, Inc. and TCI Electronics, Inc.
Forward-Looking Statement
This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

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Last edited by zimbu : 03-29-2007 at 08:04 AM. Reason: add highlight


I don't remember seeing this particular article here. I like what it says!

That just seems like a publicity stunt by SRH Inc.

apwerner, this article has been posted here about fifty times now and has been the subject of intense debate with at least one other thread devoted to it. this guy who runs the company is a scam artist that has been busted several times for running scams and is in court battles over it. please dont believe any claims made by this thief.

he is trying to get dinar investors to buy interest in his company obviously since he wants us all to know how much dinar the company holds and surely we would be interested in investing in it considering we are such avid dinar enthusiasts. when i told him on this forum that a hundred mil dinar wasnt diddly they changed thier holdings amount immediately. DONT BUY THIS GUY'S WARES OR WORDS!!!!

Originally Posted by apwerner

Sebastian River Holding’s Inc. Announces Its First Foreign Currency Investment; 100,000,000 Iraq Dinar


SEBASTIAN, Fla.--(BUSINESS WIRE)--Sebastian River Holding's Inc. (Pink Sheets: SBRV), today announced that the company has joined the United States and has invested in the Iraq economy, by purchasing 100,000,000 Iraq Dinar.
The company feels that this investment will increase dramatically in the near future. As of today 1,000,000 Iraq Dinar is equal to $784.93 USD, according to the Central Bank of Iraq (CBI). Since it is nearly impossible to purchase directly from CBI, 1,000,000 Iraq Dinar is being sold as high as $1340 USD here in the United States.
Iraq news sources, state that a revalue of the Iraq currency is in the near future. Prior to war with Iraq, the Iraq Dinar was valued as high as $3.20 USD per Dinar. This means 1,000,000 Dinar was worth as high as $3,200,000 USD back when all was well between the US and Iraq.
“We are on our way to become large investors in foreign currency,” stated Daniel Duffy, President/CEO of Sebastian River Holding’s Inc. “Since Iraq has the largest natural gas reserve in the world and is the 2nd largest proven oil reserves in the world, with over 100,000,000,000 barrels of oil, the company feels that the Dinar reaching 1 Dinar per US dollar is feasible. If the rate goes 1 Dinar for 1 US Dollar, this would give Sebastian River Holding’s Inc. a profit of well over $99,000,000 from this one investment.” Sebastian River Holding’s Inc. will soon announce other foreign currency investments and updates on the two acquisitions of Pelican Capital Mortgage Lending, Inc. and TCI Electronics, Inc.
Forward-Looking Statement
This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

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Last edited by zimbu : 03-29-2007 at 08:04 AM. Reason: add highlight


I don't remember seeing this particular article here. I like what it says!

Originally Posted by apwerner

Sebastian River Holding’s Inc. Announces Its First Foreign Currency Investment; 100,000,000 Iraq Dinar


SEBASTIAN, Fla.--(BUSINESS WIRE)--Sebastian River Holding's Inc. (Pink Sheets: SBRV), today announced that the company has joined the United States and has invested in the Iraq economy, by purchasing 100,000,000 Iraq Dinar.
The company feels that this investment will increase dramatically in the near future. As of today 1,000,000 Iraq Dinar is equal to $784.93 USD, according to the Central Bank of Iraq (CBI). Since it is nearly impossible to purchase directly from CBI, 1,000,000 Iraq Dinar is being sold as high as $1340 USD here in the United States.
Iraq news sources, state that a revalue of the Iraq currency is in the near future. Prior to war with Iraq, the Iraq Dinar was valued as high as $3.20 USD per Dinar. This means 1,000,000 Dinar was worth as high as $3,200,000 USD back when all was well between the US and Iraq.
“We are on our way to become large investors in foreign currency,” stated Daniel Duffy, President/CEO of Sebastian River Holding’s Inc. “Since Iraq has the largest natural gas reserve in the world and is the 2nd largest proven oil reserves in the world, with over 100,000,000,000 barrels of oil, the company feels that the Dinar reaching 1 Dinar per US dollar is feasible. If the rate goes 1 Dinar for 1 US Dollar, this would give Sebastian River Holding’s Inc. a profit of well over $99,000,000 from this one investment.” Sebastian River Holding’s Inc. will soon announce other foreign currency investments and updates on the two acquisitions of Pelican Capital Mortgage Lending, Inc. and TCI Electronics, Inc.
Forward-Looking Statement
This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

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Last edited by zimbu : 03-29-2007 at 08:04 AM. Reason: add highlight


I don't remember seeing this particular article here. I like what it says!

It's ok though,it does sound good,i think that it has been said that this is a scammer though!If some of you dinar genious's would care to elaberate on this please do!I'm not 100% sure,but i think it is no big deal!
Sarah!!

Originally Posted by apwerner

Sebastian River Holding’s Inc. Announces Its First Foreign Currency Investment; 100,000,000 Iraq Dinar


SEBASTIAN, Fla.--(BUSINESS WIRE)--Sebastian River Holding's Inc. (Pink Sheets: SBRV), today announced that the company has joined the United States and has invested in the Iraq economy, by purchasing 100,000,000 Iraq Dinar.
The company feels that this investment will increase dramatically in the near future. As of today 1,000,000 Iraq Dinar is equal to $784.93 USD, according to the Central Bank of Iraq (CBI). Since it is nearly impossible to purchase directly from CBI, 1,000,000 Iraq Dinar is being sold as high as $1340 USD here in the United States.
Iraq news sources, state that a revalue of the Iraq currency is in the near future. Prior to war with Iraq, the Iraq Dinar was valued as high as $3.20 USD per Dinar. This means 1,000,000 Dinar was worth as high as $3,200,000 USD back when all was well between the US and Iraq.
“We are on our way to become large investors in foreign currency,” stated Daniel Duffy, President/CEO of Sebastian River Holding’s Inc. “Since Iraq has the largest natural gas reserve in the world and is the 2nd largest proven oil reserves in the world, with over 100,000,000,000 barrels of oil, the company feels that the Dinar reaching 1 Dinar per US dollar is feasible. If the rate goes 1 Dinar for 1 US Dollar, this would give Sebastian River Holding’s Inc. a profit of well over $99,000,000 from this one investment.” Sebastian River Holding’s Inc. will soon announce other foreign currency investments and updates on the two acquisitions of Pelican Capital Mortgage Lending, Inc. and TCI Electronics, Inc.
Forward-Looking Statement
This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

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Last edited by zimbu : 03-29-2007 at 08:04 AM. Reason: add highlight


I don't remember seeing this particular article here. I like what it says!

This is a "Press Release" designed to drum up investors in the SRV's bank holdings....

There is no "NEWS" in this "RELEASE"......just pumping up their name, nothing more.

Originally Posted by MediaHound

That just seems like a publicity stunt by SRH Inc.

Here is a interesting read about SRH!

Rip Off Report:MEM Financial Solutions, Daniel Duffy, Donovan Rhoden, Mark McLeod ripoff, stock scam, fraudulent and misleadin press releases Grant Florida