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

Originally Posted by MunnyBaggs

[B]Originally Posted by MunnyBaggs


I understand your concern. The date above the ticker changes every day. The ticker never seems to change. Don't ask me why. I believe this has been discussed and resolved at the IIF IQD website.

Thanks for explaining the date end of it... that is crazy.. I never visit IIF anymore now that we "got Susy"... :) ez

Originally Posted by Fistfullofdolla

I hope Apollo can give us some updates on dinar developments. I just emailed company and asked him to post

fistFull of Dollars

I called one of my dealers today based on info posted here. He said they are still selling what they have on hand but are having trouble getting more. He stated that he did not think they would be selling much longer. I asked him why he thought that and he said, cause when it hits the FOREX we are out! When I asked him if that was this week, he said he didn't know and couldn't comment on that. Then as a true dealer, he asked, so how much more you want today????

Just thought I would pass that on for the Hmmmmmm crowd.

OSOK

Originally Posted by MunnyBaggs

Originally Posted by ezcash
I found this on the ticker... mentioned other banks resuming trade also...:)

ISX resumes trade after Eid break Nov 7

http://isx-aman.com/

rest of ticker says:
Bank foreign mergers approved... Dar Sallam Bank resumes trade... Ahli Bank resumes trade... Credit Bank resumes trade...



Inaccurate information. As I told EZ I've checked that site off and on for the past year. That ticker is the same as it has been forever. Why they haven't either removed or updated it I do not know. Were I an Aman investor I would have shot them off an e-mail about it long ago. Move on from this one, folks, old irrelevant news.

If you are talking about the ticker info then fine-but why do you have Susie's quote thrown in there too? Are you implying by association that her info is inaccurate also?? Please clarify!!

(Doesn't show it here but in his original post he has SGS Quote about the foriegn banks)

Originally Posted by MunnyBaggs

What you should really be looking towards is the HCL, Mike. A F.I.L. is exactly what it says: Foreign Investment Law. Has not much to do with the Iraqi currency value. The only way to have an extreme astronomical re-val of say .50 to $1.4 to $3.22 is if the Iraqis can use oil or other means (the magical "Swiss gold"???) to back the currency value. That would come with the IMF who is involved with the CBI and the HCL. FIL is an important step of protecting the Iraqis from outside vultures and is a positive one. HCL is where it will be revealed as a very high re-val or a simple gradual stepped up re-valuation.

So what your comment suggests is that the r/v will probably not happen until the HCL is completed Dec. 31st, is that correct? Thanks for your helpful comments. Or is that By the 31st? Thanks again, I really do appreciate your input.

Originally Posted by Mike5200

If you are talking about the ticker info then fine-but why do you have Susie's quote thrown in there too? Are you implying by association that her info is inaccurate also?? Please clarify!!

(Doesn't show it here but in his original post he has SGS Quote about the foriegn banks)

What makes it so confusing is that they made this comment and today is Nov.7?

... ISX resumes trade after Eid break Nov 07

And Susys comment makes sense to the current situation also... I'm confused? ez :)

Originally Posted by Mike5200

If you are talking about the ticker info then fine-but why do you have Susie's quote thrown in there too? Are you implying by association that her info is inaccurate also?? Please clarify!!

(Doesn't show it here but in his original post he has SGS Quote about the foriegn banks)

All I've done is quote the sequence. It is irrelevant as to whom was discussing what. If you want my opinion of SGS I say she provides a ton of good information including some translated material. Most of it merely reaffirms what we already know that the CBI intends to raise IQD value. Now if you want to know about what I think of her predictions then I'd say they have been shown to be extremly inaccurate. Other than that fact I'd say she is a positive and one of the best contributors. No need to be angered, I'm merely replying to news as it rolls in.

Originally Posted by Mike5200

If you are talking about the ticker info then fine-but why do you have Susie's quote thrown in there too? Are you implying by association that her info is inaccurate also?? Please clarify!!

(Doesn't show it here but in his original post he has SGS Quote about the foriegn banks)

I am going to ask for this Website Problems, ticker here and there, to please be moved to the Crazy Thread. I will move the rest out of the News thread shorty. Thanks ahead in trying to staying with in the News.

Originally Posted by MunnyBaggs

What you should really be looking towards is the HCL, Mike. A F.I.L. is exactly what it says: Foreign Investment Law. Has not much to do with the Iraqi currency value. The only way to have an extreme astronomical re-val of say .50 to $1.4 to $3.22 is if the Iraqis can use oil or other means (the magical "Swiss gold"???) to back the currency value. That would come with the IMF who is involved with the CBI and the HCL. FIL is an important step of protecting the Iraqis from outside vultures and is a positive one. HCL is where it will be revealed as a very high re-val or a simple gradual stepped up re-valuation.

Well this is ass-backward from what any of us have heard until you came along. The HCL is not necesary to revalue the currency and until I hear from someone else besides YOU - I'm not buying it!

Thank you , Neno ...................ticker this ticker that sheesh ............

Originally Posted by ccgideon

So what your comment suggests is that the r/v will probably not happen until the HCL is completed Dec. 31st, is that correct? Thanks for your helpful comments. Or is that By the 31st? Thanks again, I really do appreciate your input.

No. It could happen at any time. If it were to occur now, though, I suspect it won't be an extreme astronimical amount such as .50, $1, $2, or $3. The current rules of CBI only allow a currency exchange rate that can be supported with a currency reserves of 25% (per CBI website). The HCL is being mentored in part by the IMF. So there is where there may be a "deal" cut to raise to an even higher amount. The oil Minister of Iraq is the one who stated HCL should be passed sometime late December. But of course we all know the track record of Iraqi deadlines and dates.