Thread: Iraq/Dinar News. 09/05 to 01/14/07

Welcome back Adster,

Glad to hear you had a nice vacation and got a little sun. Yes, all indicators are that the constitution will pass with flying colors setting the stage for an economic rebirth like never seen before. Prices on secondary markets are moving higher over the past week, with many in holding pattern and have stopped selling all together, and shortages are appearing, imagine that?

All in all this should be an interesting week to see reactions, both positive and negative, and looking at the terrorist action, they cut some power lines, but overall, pretty quiet. Not that terrorists will stop blowing themselves up overnight, but when the dollars start going into the economy, even the terrorists will be too busy working to have time to blow themselves up. (g)

Good luck to all, Miike

http://www.myFreeDinar.com/clareyous

History of Iraqi Dinar
Chart Courtesy of
eDinar Financial

1932 Currency unit consisting of 1,000 fils or 20 dir hams. When officially introduced at the end of the British mandate (1932), the 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 Dinar from the pound sterling as a gesture of independence in 1959, but the 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 ID1 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 Because of Embargo and war the Dinar was devalued and ranged between $0.33 cents to $1.32 to a dollar. By 2003 it was at an all time low.
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.)

DO THE MATHS.

Nice one Paulyd,

Just found this article, very interesting.....pm for more details or click on my homepage.




CURRENCY FORECAST: ultimately in BI.C’s view, a much higher standard of living for the Iraqis will take hold and corresponding stronger exchange valuation for the NID. The short term may continue to be difficult as exchange valuations for the NID will be determined by the level of terrorist insurgencies versus the speed of successful redevelopment. BI.C is very optimistic and bullish for the long term outlook for Iraq and its new currency. The challenge for the new government will be to provide stability, peace, growth and then prosperity may follow. The short term outlook will determine Iraq’s political & domestic stability. Further, higher world oil prices over the last 3 years will help to provide hard currency earnings for rebuilding as new oil Iraqi oil production comes online.

A key decision to the authorities is what kind of currency regime should be in operation for Iraq. Peg to the price of oil? A currency peg to a basket of currencies including the Euroland euro ‘EUR’? Or perhaps dollarize completely with another currency such as the EUR as what has taken place with Montenegro, Kosovo in the Balkans. BI.C believes a fluctuating peg to the price of oil and hard currencies including the yen, euro and USD maybe a viable solution for maintaining currency and price stability for Iraq.

There is great speculation in the New Iraqi Dinar by many in the international community as some investors believe what happened to Kuwait during the 1990-91 Iraqi occupation with respect to the Kuwaiti dinar may very well happen to Iraq. Foreign buying of the NID is providing for appreciation pressures as speculators think that the rebuilding of a new Iraqi economy will propel the NID to much stronger valuations. The Kuwaiti dinar collapsed to below 10 cents to the USD before rebounding to significantly higher valuations of $2-3 Kuwaiti dinars to the USD by the end of the 1990’s. Short to medium term volatility may take place with the day to day theatre expected with the trial of former President Hussein in the months ahead. The media event may create enthusiasm amongst his supporters thereby potentially increasing the insurgency attacks.

It looks like one Sunni province is coming up short, this constitution appears
to have passed. emphasis on "appears"..

But get this, 2 female suicide bombers were stopped before they were able to blow up yesterday. Both were outsiders one Saudi and one from Jordan.
Al Q are reduced to sending in women to do their dirty work, and relatively few of the polling stations were attacked.

IMO- Game over for Al Q in Iraq.

Also good news for all our troops out there, US and UK if the Constitution goes ahead they'll be home a lot sooner that if it isn't passed.

Things are looking good out there. :0)

wondering if anyone has looked into the iraqi dinar opportunity. or gamble perhaps. i recently learned that there are sites where you can buy (yes, real) dinars - which are very low...as in post war germany low but not quite that much.
i searched around for some other opinions. sounds like seasoned investors think this is a pure gamble.
if the new (yes, it's new with those metallic strips etc.) currency does'nt get canned i don't see how one could Not make money in this. this is of course if that country's economy rebounds as well...
if it does...this is a jackpot.

aeara,

Read the post, 'this is the last time you'll see this'.....it's all about the dinars.

And yes for such a small investment the sky is the limit with this baby. Forget mlm's, hyip's, forex, this has the potential to be HUGE.

Adster, I can't find that thread...where is it now?

Caroline

Try this, :0)

http://www.rolclub.com/showthread.ph...ghlight=adster

Alternatively to view the site and all the relavant info just click on Pauly D above and go to my home page, via public profile.

With great thanks I am in.

Cheers one and all.

Just found this article, more good news. :0)

http://www.almendhar.com/almendharen....aspx?nID=4175

The bank in the time being is working on the measures taken to make the Dinar as a convertible currency in the future.

This statement is the one that we are looking for. Hopefully they will make the dinar a convertible currency very soon!! It looks to me as though they are attempting to find a means of doing this while supporting the rate of the dinar. A very informative article indeed. Sounds to me as though they are considering a basket of currencies, but for the time being are going to utilize the dollar because of its strength and work towards moving it out onto the world markets sometime after the the finalization of the constitution.

Things are happening people.