Neno - Neno - Neno! Dinarites are the 'people'...dinaritis is the 'sickness'!Quote:
Originally Posted by neno
WOoooOOOOooOOOOOhOOOOO! :woohoo::woohoo::woohoo: :biggrin:
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Neno - Neno - Neno! Dinarites are the 'people'...dinaritis is the 'sickness'!Quote:
Originally Posted by neno
WOoooOOOOooOOOOOhOOOOO! :woohoo::woohoo::woohoo: :biggrin:
:toofunny: :toofunny: We need to move this to the go crazy thread Please. I am guilty of it too, but we need to leave this thread for info and question on the "Dinar". ThanksQuote:
Originally Posted by tiffany
Tif, are we going to get into trouble here?
TYVM guys! Oh my goodness, what I nice welcome!
Treater, We do have a great time as well as learn a great deal. Get ready for the Peg Party!!!!! The Caribbean may never be the same!
hey flygirl1 . did you get flooded up ther in the big T ? whats the new guess on the peg and reval. One day I hear .30:1 next day i hear 1:1 then .68 :1 whay t the heck is going on? I purchase 1 more million as soon as i collect my SI money.
must...
get the 3000-th post!!! woooooohooooooie! DID IT DID IT!!!!! LOL!:party:
:woohoo::flame::woohoo::leader: :woohoo::biggrin:
Looks like they already passed the investment law, just waiting for the implication.
quote<The Maliki met with the President of Chambers of Commerce and Industry in the presence of ministers from both countries to urge investors to work in Iraq. Maliki said that the investment demands of the Saudi contribution to the consolidation of the infrastructure of Iraq and reconstruction, pointing out that the Iraqi government has completed a law allowing investors to invest Arabs and foreigners working in Iraq with sufficient safeguards.
Maliki called Saudi investors to work in the area of housing, energy, manufacturing, tourism and others.
Officials said that the delegation sees big response from the Saudi Arabian side in this direction, pointing out that the topic requires activation of the Iraqi investment law, which still awaits ratification in the State Consultative Council.
Read this
Iraq's July oil exports could match a post-war high of 1.8 million barrels per day (bpd) if it can sustain flows along its sabotage-plagued northern pipeline, an industry source said.
'Suddenly the pipeline is secure, but it's anybody's guess as to why,' an Iraqi industry source said.
'If Iraq can maintain 300,000 barrels a day of Kirkuk, then exports will equal the highest rate since the war.'
The oil sales are providing much-needed hard currency to Iraq as it struggles to rebuild both its economy and its oil sector after years of sanctions, war and sabotage.
Hey cigarman, where is this link to this article with a date. My understanding they are already moving 2.5 million barrels already. Need a link to support the date this was said.Quote:
Originally Posted by cigarman
Here the link :)Quote:
Originally Posted by neno
http://www.tradearabia.com/tanews/ne...605&Sn=&Cnt=30
Good job tiffany, now we need the "Fun Stuff" in the Go Crazy Thread. Lets keep the News flowing here. tksQuote:
Originally Posted by tiffany
http://www.google.com/translate?u=ht...&hl=en&ie=UTF8
Sunday 2 July 2006
He pointed out that the Economic Committee had completed its meetings to activate the law on this matter was submitted to the Council of Ministers have been debated first in the Council of Ministers and postponed practical e approval to Thursday in order to finalize and then lifted the advice of the State until the completion of the investment code. According to the Prime Minister that the Iraqi investment law will be declared within one month from now.
Thanks pipshurricane, you beat me to it.
Treater, I've already posted this info.
If this thing pegs at 1:1 I may go out and streak through my neighborhood! They would probably call the cops! I can't wait! As Bigopie would say Let it Peg! Let it Peg! Let it Peg!
Thanks ph and cigarman, good post. Earlier we were posting things that later found to be old news. It just makes me curious when their is no date or no link to verify now. you guys keep it coming. TksQuote:
Originally Posted by pipshurricane
Neno, I'm sooooo excited I post news before verifying the date, but since I got caught with an old article I'm making sure it's recent. LOL
Oh, sorry. Just got here, I hate to repost. Didn't mean to anyway. TY for posting it then.Quote:
Originally Posted by cigarman
No problem Treater, we're in this together, and don't quit posting because I wouldn't read 302 pages before I post either. LOL
The larger banks like Bank of America and Wells Fargo have separate divisions/departments dedicated to the Foreign Exchange so it is not surprising that the local branch managers know nothing about the Iraqi Dinars. Most Wells Fargo branches have a kiosk that is dedicated to customer service and has a telephone to access various services...one which is foreign exchange. Use that and you will be connected to a very knowledgable rep. Once the dinars peg it will be no problem to get them exchanged.Quote:
Originally Posted by flygirl1
Good post danny51, I Bank at Wachovia along with Wells Fargo. And both handle this. Yes Wells Fargo has a Branch for this and Wachovia locally can handle it, but needs two day notice. I have checked both and am personal with the Wachovia People.Quote:
Originally Posted by danny51
No Problem cigarman, you are a good man. I did the same thing. I know we are all excited, But that makes this even more important ever now. People read what we post and may buy more on our old news. We want it to be fresh with dates and links to see it for our selves. I am sure you will all agree.Quote:
Originally Posted by cigarman
Neno, I agree, NOW LET THE DINAR PEG !!!!!!!!!!
So, where is the "Adster"? Is he still in Spain? We have not heard from him today.
In a previous post it was stated that different banks will charge different fees or "spreads"(I believe this is the word used) for the exchange. If spread is or isn't the correct term, could someone please explain what this means and give the correct term used. Have no problem understanding the fee part. And also does anyone have an idea what the cost would/could be?
And......welcome Treater. Good to have you here.
Thanks,
Monica
Quote:
Originally Posted by flygirl1
The average bank manager will not know much or anything about foreign currencies and their exchange policy. I'm surprised that they did not direct you to their foreign exchange office.
I probably had the "I don't care group"
Quote:
Originally Posted by readytogo
The spread is the difference between the asking price and the selling price in any given market. The term spread does not apply to the exchange fee and if you have an account with the bank it is very likely that they will not charge you any fee at all.
Quote:
Originally Posted by rodney ewalt
Thanks Rodney,
Could you give me an example of how the spread works? Could a spread be predicted? And if it can are you game?
Monica
Hey Monica,Quote:
Originally Posted by readytogo
In the market like stocks or commodity futures the spread between the ask and the sell often changes. It just depends on what the market makers are will to buy or sell for.
As for predicting what the spread will be, well, yes it can sometimes be predicted but only as well as the market price can be. What some traders like to do is what they call spread plays, that's where you simultaneously buy long in lets just say corn for December delivery and sell short corn for may delivery and when the trader covers the position he hopes to make a profit because of the difference in the spread.
When the Dinar becomes a world currency, we will be able to trade it on the futures market as well.
Does anyone know what boards it will be traded on, if any.
Hey Dinar Gang, It has been brought to my attention that there has been a terrible accident in Valencia, Spain where Adster and his wife were going to finisih some paper work for a apartment.Quote:
Originally Posted by Adster
I really am not to worried about them, But thought I would go ahead a pass on the info so everyone could remember them in a prayer for their well being. Another Dinar Gang member has informed me of this.
I am watching the News for this now. So everyone remember Adam and his wife in there prayers tonight until we hear something. I dont mean to interupt the thread with this as it was a private message to me, but as a Moderator I ask for a prayer needs to be said for our guy Adster and Family for their safety. I am going offline now.
Prayers going out for Adam right now. Let's hope he and Mrs. A are sitting safely in a pub somewhere in Valencia.
Thanks Treater, it is funny when I rang around last week to find if HSBC could sell me or knew anything about NID's, they just simply did not want to know about itQuote:
Originally Posted by Treater
03 July 2006 (Baghdad: Al Sabah newspaper)
The Minister of Planning and Cooperation Development, Dr. Ali Galib Baban, has disclosed that oil industry development requires at least 30-40 billion dollars of investment in order to undo the damage of the last three years, and that the improvement in security conditions is connected to the reduction in unemployment, currently estimated at 30%.
During a press conference held at the Ministry, Baban said that Iraq is at the present time unable to release such large amounts of capital, either through foreign investment or through loans, as both already incur a huge cost on the fragile economy.
He explained that the fuel crisis is due to the difficult security situation, which has caused the major refineries to work at only one tenth of capacity, thus remaining unable to meet demand. In addition to this, there is the problem of smuggling, which includes the removal of both petroleum products and crude oil.
He continued by saying that gross Iraqi oil and non-oil exports for the year 2005 totaled about 24 billion dollars, marking a yearly increase of 31.8% over 2004, with total exports estimated at 18.6 billion dollars. The UAE occupied first position for exports receiving 37% of exports, followed by Syria at 33.%, then Jordan at 24%.
He added that the standard indicators for 2004 issued last June had disclosed a reduction of 5.1% in fruit and vegetable production, fisheries' production dropped by 14.5%, and agricultural production by 3.5 %, while there was an increase in animal production of 4.1% as compared to 2003.
Baban referred to the new investment laws currently being discussed by the Council of Ministers and the National Assembly, saying that the intended law will cover both local and foreign investment and allows for incentives such as land ownership by local investors and transfer of profits from Iraq.
He expects that the country is on the verge of a large investment bonanza, and has applied the most advanced technology available to the new administrative procedure, which will help both the public and private sectors in running new businesses and organizations.
Big Srappin Hugs and Prayers for you all!! You have always been very good and helpful to me.Take the best of care and your in my thoughts!!!!
benzboy
thanks for the great post guys.by being right in the middle of iraq. news spread outward not inward so thanks to all
04 July 2006 (Baghdad: Al Sabah newspaper)
Specialist teams from the Public Company of Iraqi Ports at the Ministry of Transport are carrying out an ambitious investment plan which will lead to an increase in the operational ability of Umm Qasr port at the southern tip of the Basra governorate. Work is to be carried out over this year to increase the loading and unloading capacity to over 7 million tons, as compared to the 4.4 million tons realized during 2005.
An authoritative Company source explained in a special statement to AL Sabah that the plan's execution hinges on increasing the loading and unloading capacity of the port, offering a large road transport network for both imported and exported goods by expanding and renewing land transport, increasing allocated spaces to be manned with qualified staff and completing the operation of bridge forks, as well as the addition of 18 maritime clocks at the port. This is in addition to starting work on the completion of a further two docks leading to the receipt of more ships estimated at over 1,250 different weights, as compared to the 763 ships that docked last year. This will raise the operational capacity of goods this year coming into Iraq to 7.25 million tons.
The plan is comprehensive both in approach and execution, as the Ministry of Transport is concerned about Iraq's current total dependence on foreign ports, particularly those of Jordan, Syria, Kuwait and the UAE. Use of foreign ports costs the Treasury vast amounts of capital and in the meantime Iraqi Ports stand unused and undeveloped.