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

Originally Posted by Innkeeper1

I honestly belive the 10k is the key to this.. I cannot believe this country would give out this money to its people and then shortly therafter reval it after they have spent it..if we see the 10k go out without a reval..im guessing were in for a wait.. jmo

Could be, sounds like they're stalling considering they should have gone out over a week ago......

This of course and the smaller denoms. Geezzz, I wish we could find out more about them.

Originally Posted by Adster

Could be, sounds like they're stalling considering they should have gone out over a week ago......

This of course and the smaller denoms. Geezzz, I wish we could find out more about them.

Adster,
I agree the smaller denominations are the key. Have all the banks opened back up from the holiday and if so. Maybe someone on the ground over there
has seen smaller bills or not.
LIT

(Voice of Iraq) - 01-11-2006
This issue was sent to a friend

Iraqi Transport to develop and address problems.
A working paper before the Iraqi Council of Arab Ministers of Transport

Cairo-Voice of Iraq - Ibrahim Mohammad Sharif

Launched in the Egyptian capital of Cairo this morning today, Wednesday, 1 / 11 / 2006 activities of the fifty (19) of the Council of Arab Ministers of Transport auspices of the Secretary-General of the League of Arab States Amr Moussa, in the presence of Arab Ministers of Transport and with the participation of the Iraqi delegation, headed by His Excellency Dr. Nazim expresses Aboudi Minister of Transport Agency HE pain architect Abdul Razak Hassan Kati Senior Adviser to the Ministry, Ms. Azza Ahmed Hassan Director of External Relations, Mr. Ahmed Kadhim legal adviser at the Ministry of Petroleum and pilot titanic struggle of good company director general of Iraqi Airways, general manager of land transport.

At the beginning of the opening of the session, the Secretary-General of the Arab League, a speech delivered on his behalf by Ambassador Nancy Bakir Secretary-General of the League of Arab States, stressed the importance of holding this session be held amid international and regional circumstances require very complex coordination and cooperation.
, The chairman of the current session, Mauritanian Minister of State in God's name Alih 000 Ould Daddah, saying that the meeting of the Council today is a consecration of the common desire to continue achieving Arab ambitions through the development of joint Arab action, which is a strategic option and officially popular imperative to achieve in light of the challenges facing the sector transportation.

He (Ould Daddah) on the importance of this sector due to its ramifications and impact Mbacherali daily life of the Arab peoples, as evidenced developments because of the rapid technological advancements undergone by the world today, which requires work to create policies to develop a way to reinforce the status of the Arab world in the competition in this area and discusses Council over the one-day draft agenda, which contains ten items in the forefront of following up the implementation of the decisions Alarabihalacherh Summit in the area of transport.
Following the end of the first meeting of the Council of Arab Ministers of Transport met with the Minister of the Iraqi Transport / agency expresses Dr. Nazim Aboudi, who made the following statement :

In order to continue with our Arab brothers in the Council of Ministers of Transport and achieve the best formulations and methods for understanding and cooperation in the field of transport and help us solve the problems and obstacles that hinder the development of public transport land, air and sea search for Iraqi extinguish Iraqi debt in general and the ministry in particular and on this basis CNN our delegation submitted a working paper will be presented to His Excellency the Minister of Transport Arabs in the afternoon session, which contains all the technical, organizational and management, which requires an Arab resolution supporting the Iraqi Transport, which is now a special relation to the current Arab conditions TRAC in the Arab countries for the deterioration of security conditions because of terrorism and terrorists 0

The Iraqi Transport Minister agency 000 provides that any step by the brothers of Arab Ministers of Transport towards the strengthening of bilateral relations will be a positive initiative towards integration and cooperation of joint Arab area of transport and will be an effective and influential to the development of human resources in this sector between Iraq and the Arab countries as n Messrs. hope of the Arab ministers of transport to reflect the slogans that they unleashed in the conference and previous sessions and recommendations taken at previous summits, particularly the Khartoum conference, which was held in March 2006 to be the last such slogans and recommendations into practice and to be reflections of a public benefit to the citizens of Ar Requests and the rest of the Arab countries in the transport sector, all types of irrigation, air and sea.

Originally Posted by Adster

Could be, sounds like they're stalling considering they should have gone out over a week ago......

This of course and the smaller denoms. Geezzz, I wish we could find out more about them.

hmmmmm.....no cheques yet and yes , where are the smaller denoms?

Again....I think the reval is close so don't be to disappointed with yesterday . When it comes it will be a suprise to us in the easrly morning hours when they update the CBI site....then expect the big press conference. They stated in the article posted by Charmed that the "Hydrocarbon law that lays out exactly how revenue is going to be shared"....kind of sounds like Kuwait where only 1/5 of the country works because the rest live wealthy off of oil revenues....and like Alberta, Canada where the people of that Province receive a cheque for revenue sharing. Also...for Iraq to rebuild, (structures, electricity, agriculture,etc) they are going to have to IMPORT....which means buying from other countries...which they have stated that they can't do as it is not feasible at this time. So, quietly and soon they will R/V that damn Dinar....give out those cheques...make people open bank accounts...and start handing out smaller denoms.

We also know that forever Iraq has been a cashed based counrty....but I think the value of the dollar is worth more when it is in the CBI...and the CBI then knows how much is in circulation...so this is why they are giving out cheques...making the people open accounts and give them smaller denoms.
When is it they are sending bank employees for training?....Nov. 13 area.

Big steps are being made everyday and we are seeing a lot of hype coming out of Iraq regarding this...However I think we will see the R/V when there is little hype...as I said..quietly SSSHHHH

Originally Posted by Jola

Hi everyone,

I just registered, but I have been reading this forum for a while now.
However, I have a question here:
I have some dinars, and I wanted to buy some more in the last few days.

I have read on this forum that Chase is selling dinars , so I went to a Chase branch in Chicago, IL and tried to get some . The MAIN Chicago branch - the currency exchange dept lady that I spoke to - said : "we do not sell dinars". That was on Monday, Oct 30. I asked her twice: " Are you sure? " She says: "Absolutely sure". Hmmmm...

Then I was thinking: how come that the main Chase branch does not sell dinars - especially in Chicago, which is not some town lost in the mountains, but it has a pretty big population?
There are two Chase branches that do currency exchange in the area and none of them were selling dinars as of Oct 30.

Did anyone else here try to buy from Chase in the last few days? Cause this is burning by brains.:( Did they stop suddenly selling dinars or what?

On the other hand, in my way to the bank I stopped to get gas at my gas station. The manager there is from Jordan. I asked him what he knows about the IQD.

He did not tell me if he personally has invested into it, however, he said his brother - who is back in Jordan - bought about $50,000 worth of iraqi dinars.
Now, I was thinking : okay, this guy did not buy all that dinars for nothing. He is right on the border with Iraq. He gets the news/rumors first hand...

Okay, now back to my question: did anyone here buy dinars from Chase in the last few days?

Thanks.

Wow your story is exactly like mine. I too called both main " currency branches " in the chicago area, evanston and chicago, rest assured they
" all " do in fact buy and sell dinars in every state at every main branch.
When you first walk in they may say they do not, but tell them you are absolutely positive that they do. Go to a different branch, walk in and say I want to order foreign currency, they ask what kind, tell them Iraqi Dinar, IQD, 1,000,000 worth ( or whatever amount you desire ) , make sure they look it up, because they do sell, picked up more last week from multiple suburb branches, if ordered early enough in the day, you get it next day.

current buy rate from chase is $767.67 per million
they even buy it back from you for like $620-something

If you still have trouble, call the Elk Grove VIllage branch on Higgins rd., have them call your local branch to give em a kick in the a$$ and do there job and look it up in their computers

Originally Posted by Dinar Duchess

So am i right in saying, no one presently can confirm whether the article 8 has been signed. Was this on the agenda for the meeting yesterday? If it was surely its been done........ Need to wait until all the news sites are updated then we will know more. Its all still looking good though....

We had this info from a few days back:
"The International Advisory and Monitoring Board has a meeting scheduled Oct 31 , 2006. When they meet the Iraqi Govt can Request control of the oil proceeds from the IAMB and Resend Resolution 1637 and sign article VIII and trade thier curency internationally"

It always seems to take time to find out what has been accomplished at their mtgs... half the time its embargoed... not saying this was.. but it might take alittle more time to confirm one way or the other.. and of course its not unusual for them to suddenly entend a time frame? Remember the FIL also would automatically kick in if not manually done within 30 days.. which i think was within first week of Nov... Still hoping.. :)ez

Originally Posted by Adster

Posted elsewhere.....

I just received this email today from one of the biggest sellers on ebay. He buys his dinars from warka,seems to have inside info with 1 of their employees. Just passing on info.


Dear Gary,
I will catch up with feedback soon, just trying to keep up with all the
orders ! I work 7 days a week also. According to Warka Bank in Bhagdad,
the ISX is supposed to open to Foreign investment within a couple of
weeks.They wil be back on line with online banking shortly. They had to
update their systems for the new security incription coded system. I
personally have spoken to the bank manager there, via phone, 1 week ago.

Interesting....hmmm...the isx is supposed to open to foreign invesment in a couple of weeks....bank employees to be trained in Bahrain in a couple of weeks and of course the rumour that the BoA will start selling Dinar around Nov. 13.

HMMMMM

Originally Posted by jedi17

Interesting....hmmm...the isx is supposed to open to foreign invesment in a couple of weeks....bank employees to be trained in Bahrain in a couple of weeks and of course the rumour that the BoA will start selling Dinar around Nov. 13.

HMMMMM

Jedi17,
It is very interesting everything is coming together..............right now.......r/v.
WOO HOO.......COME ON DINAR.
LIT

ourhouse37,

You have already agreed because your name is on neno's list.

"ourhouse37 (30-10-2006),"

WOW: Mike (Offshore) what a great post. ALL I CAN SAY IS "AMEN" TO YOUR POST. I could not maybe have worded that well, but it is truly how I feel also.

Thank you for that post.