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

Originally Posted by shotgunsusie

one year ago the article came out about the fact that they did indeed print 14 denominations of dinar. if you can only count 9 that we are aware of that leaves 5 that we ARE NOT AWARE OF. that in and of itself is confirmation about the smaller denoms because you can bet your patooty those arent bigger denoms, lol.

You don't by chance have that link do you???

I never saw that article. Great news though!!!

Originally Posted by CharmedPiper

Do you agree that Iraq will PEG to whatever is more beneficial....EURO or USD. If that is the case history has shown that with a democratic controlled us SENATE AND HOUSE that it affects the stock market and the USD value. If I was a country I would not want to PEG my new found wealth to a currency that may be subject to some political fluctuation. On that note, I will not mention it again. Dinar to USD or Dinar to EURO....guess we will see. Sorry to have caused distention...just thinking outside the box. It's all good and we are gonna' be rich.

I think they may PEG it closer to one of the surrounding Countries/ or one of the GCC countries as there will be a monetary Union in 2010

Hello all, I think for us living in the US I personally would like to see it peg to the EURO more money for us lol

Originally Posted by jedi17

I think they may PEG it closer to one of the surrounding Countries/ or one of the GCC countries as there will be a monetary Union in 2010

It is my understanding that currently those countries are all pegged to the USD.

Please correct me if I am wrong.

Originally Posted by doublescorpio

Or...they could be working towards the goal of 1345 as stated in the IMF report

This was a projected number. The International compact has 22 member countries in which 8 of them represent the G-8 countries of the world. The G-8 is responsible for 65% of the worlds trade. You now have the Worlds economies backing the dinar and we waiting for them to get thier ducks in a row in order to trade Internationally. Less than 1 to 1 is not a option. I am really surprised the naysayers dont get this.


Marshall Plan = International Compact

Originally Posted by kiko

Parliament approves Mecca agreement
Baghdad, 08 November 2006 (NINA)

The parliament voted anonymously on Mecca agreement, during its 48th session on Tuesday. Prior to the vote, some lawmakers have delivered statements, calling for activating the agreement and to form a follow up committee to guarantee its implementation.

Parliament approves Mecca agreement | Iraq Updates

Egypt on Saturday welcomed the Mecca agreement reached by major Iraqi factions, in which Muslim Shiite and Sunni groups called for a stop to bloodshed and an end to sectarian violence, Egyptian Foreign Minister Ahmed Abul Gheit said in a press statement.

Abul Gheit said the meeting in the Saudi holy city of Mecca mirrored the everyone's keenness on the safety and security of the Iraqis, the official news agency MENA said.

"All acts of violence and terrorism in Iraq have nothing to do with Islam. They are committed by a misled group that does not wish Iraqis any good", Abul Gheit said.
--------

And to go hand in hand, Sadam has asked people to not seek revenge for his sentence. I believe the term he used was "shake hands".

Baghdad Secretariat concluded contracts with European companies to provide

(Voice of Iraq) - 08-11-2006
This issue was sent to a friend

The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations
A press statement / Press Release
Wednesday, 11-8-2006

Baghdad Secretariat concluded contracts with European companies to provide labs
The waste recycling cost 30 billion dinars.


Secretariat of Baghdad and signed contracts with European companies wholesome from Germany to provide labs for waste recycling, which is the first of its kind in Iraq in the way of handling waste recycling and in Baghdad.

The media spokesman for the secretariat of Baghdad that the economic committee in the Council of Ministers headed by Dr. Barham Salih, agreed to a wide range of projects that would develop the sectors most municipal services as recently ratified those contracts for the purpose of the initial implementation includes the establishment of nine manufacturing plants including four in the Karkh and five in Rasafah, depending on population density.

The spokesman pointed out that the capacity of each of these stations reach (700-500) tons per day of waste where it operates according to a recent international system is highly sensitive to preserving the environment and harm to health, particularly as the secretariat of Baghdad called several times and the implementation of such projects to preserve the environment.
The spokesman confirmed that the cost of these contracts amounting to 30 billion Iraqi dinars and within the framework of the plan supervised by the Secretary of Baghdad, Dr. Sabir Eissawi to develop municipal services throughout the city of Baghdad, and especially in the field of waste where there will be a waste recycling in Baghdad and there will be a push for this waste will be reduced hundreds of millions of dollars Stresses that the landfill disposal of this waste and that the process of the railway will reduce the quantity of waste to one-third will generate additional funds through the sale of materials such as glass, metal and other materials that will be counted these labs and recycled again addition to the use of organic fertilizers (COM BOST), and then bury the rest in the form of vinegar none of the landfill drainage is conducted in a manner that prevents any recent international process of environmental pollution.

The spokesman confirmed that one of the contracts also import Kapsh small size can move easily Bazqh Baghdad shops and narrow, which is the issue has become very important for the lifting of waste from these areas and alleys of old districts and narrow.

The spokesman confirmed that the ratification of the Committee of Economic Affairs to allocate (21) billion dinars to buy Varshat ways and steamrollers and Khbatat out to the streets and sweepers from the global origins of the project, increase of the Secretariat of Baghdad and the support of this constituency for the purpose of expediting the completion of tiling and repair roads instead of resorting more often to the sector of% Al Secretariat and loading costs Baher.
Finally, consider this move of the secretariat of Baghdad significant progress in the field work, present and future international system and reduce government spending and develop the level of services.

Originally Posted by CharmedPiper

Do you agree that Iraq will PEG to whatever is more beneficial....EURO or USD. If that is the case history has shown that with a democratic controlled us SENATE AND HOUSE that it affects the stock market and the USD value. If I was a country I would not want to PEG my new found wealth to a currency that may be subject to some political fluctuation. On that note, I will not mention it again. Dinar to USD or Dinar to EURO....guess we will see. Sorry to have caused distention...just thinking outside the box. It's all good and we are gonna' be rich.

Interesting,

Personally, I think the dollar will remain the benchmark for obvious reasons, this was all planned out when Saddam was ousted. Just as with Kuwait, there is an obligation that comes with saving a country, as was the case with Kuwait invasion, and now Iraq ouster of Saddam, the worst dictator in decades, if not all time. (g)

I doubt we will see the benchmark move to EURO anytime soon, but it has nothing to do with it as far as what each individual should do to protect themselves. The dollar has already been showing signs of weakening, and with Chavez re-elected, along with Iran's games with nuclear playing U.S. like a bad fiddle, it sure is an interesting time to reconcider your position on dollar.

It is no secret that VZ, Iran and China could each impact the dollar, and since economic war is far more effective than traditional warfare, it is only a matter of time and the house of cards fall in on top of dollar. We are seeing unrest in all parts of the world, and with Korea wanting to get some headlines with their nuclear testing, combined with Iran shooting off their missiles to demostrate the dangers we all face, I wouldn't hold dollars next year as I predict it will be much worse than holding dinars. While dinar will rise, as dollar falls, those who hold dinar win big, so keep that in mind all you dinar buddies who are also in U.S.

Good luck to all, Mike

Originally Posted by shotgunsusie

one year ago the article came out about the fact that they did indeed print 14 denominations of dinar. if you can only count 9 that we are aware of that leaves 5 that we ARE NOT AWARE OF. that in and of itself is confirmation about the smaller denoms because you can bet your patooty those arent bigger denoms, lol.

Logical and sensible, What other conclusion can anyone arrive at other than this? The lower Denoms have been there all along tucked neatly away for their moment in history

Voices of Iraq: Iraq-Currency
Posted by: saleem on Wednesday, November 08, 2006 - 01:06 PM

Iraq-Currency
Foreign transfers increase Iraqi central bank’s sale
By Dergham Mohammed Ali
Baghdad, Nov 8, (VOI) – Despite the demand for dollars was lower at the Iraqi Central Bank daily auction on Wednesday to $97.010 million from $109 million in Tuesday’s session, it remained one of the highest demands scored through year 2006.
The central bank said in its daily statement it covered bids which were $40.950 million in cash and $56.060 million in foreign transfers.
The dollar exchange rate was 1,466 dinars, two ticks lower than the previous session’s.
Three banks that bid for dollars at Wednesday’s auction offered to sell $3 million at an exchange rate of 1464 dinars to the dollar.
The expert Abdul-Razzaq al-Ibaychi attributed the rise in foreign transfers to the “Iraqis’ fears of a more deteriorated security in Iraq after a death verdict was delivered on Sunday by the Iraqi high criminal court against the former Iraqi president Saddam Hussein.”

Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq