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

OK, this has to be a mis-print what I have in BOLD if not that would mean we got an RV of a $1.46... But it makes more sense that they ment to print 1,463... I almost jumped out of my pants when I saw 1.463...



Posted by: saleem on Sunday, November 12, 2006 - 02:36 PM

Iraq-Currency
Sharp drop in dollar demand at Iraqi Central bank auction
Baghdad, Nov 12, (VOI) – Demand for dollars fell sharply at the Iraqi central bank daily auction on Sunday.
Demand was down $46 million to $24.880 million from $70.180 million in the previous session.
The bank covered bids which were $22.180 million in cash and $2.700 million in foreign transfers.
The dollar exchange rate was 1,465 dinars, unchanged from Thursday.
Some banks offered to sell $2.5 million at an exchange rate of 1.463 dinars to a U.S. dollar.

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

I have religiously watched forums and read articles over the past year and a half related to this unique little investment called the Iraqi Dinar. Through all of the rumors, forums, naysaying and yeasaying, there is one thing that I can say with absolute certainty. Something is going to happen with this investment opportunity, and it should be relatively soon! The evidence is overwhelming.

In the beginning, about a year and a half ago, you could not find an article related to the New Iraqi Dinar and it’s value, because any talk of the Iraqi Dinar was “embargoed.” Now, especially over the past few months, there have been numerous articles and news releases related to the “rise in value”, “bolstering the exchange rate” and “returning to normal” of the New Iraqi Dinar. To me, this is a strong indication that something is going to happen! The naysayers cannot deny these clues. This investment is like a complex puzzle and the pieces are starting to fall into place.

Iraq is running out of time, IMO, to get things done. With the recent elections in the U.S., and the Democrats already talking about timelines, the Iraqi government knows that things need to drastically change in Iraq, and quite possibly a “Marshal” like change may be in order.

“The rise in the value of the Iraqi currency against the dollar would reduce the value of imports, and raising the value of exports. As exports are negligible, the economy will benefit from the policy of raising the rate of the Iraqi dinar.”

"The Ministry of Finance and the Central Bank a proposal to lift the value of the Iraqi dinar Iraqi returning to normal"

"The participants emphasized that the increase in the prices of fuel, food and housing rents had contributed to the increase in inflation and that is no way to successfully curbed without working to bolster the exchange rate of the Iraqi dinar”

PS - Did everyone pick up their free NID notes yes? $2,000 of free NID, after a significant RV, is not too shaby. Everyone loves free money!

regards, aporl

Originally Posted by aporl

I have religiously watched forums and read articles over the past year and a half related to this unique little investment called the Iraqi Dinar. Through all of the rumors, forums, naysaying and yeasaying, there is one thing that I can say with absolute certainty. Something is going to happen with this investment opportunity, and it should be relatively soon! The evidence is overwhelming.

In the beginning, about a year and a half ago, you could not find an article related to the New Iraqi Dinar and it’s value, because any talk of the Iraqi Dinar was “embargoed.” Now, especially over the past few months, there have been numerous articles and news releases related to the “rise in value”, “bolstering the exchange rate” and “returning to normal” of the New Iraqi Dinar. To me, this is a strong indication that something is going to happen! The naysayers cannot deny these clues. This investment is like a complex puzzle and the pieces are starting to fall into place.

Iraq is running out of time, IMO, to get things done. With the recent elections in the U.S., and the Democrats already talking about timelines, the Iraqi government knows that things need to drastically change in Iraq, and quite possibly a “Marshal” like change may be in order.

“The rise in the value of the Iraqi currency against the dollar would reduce the value of imports, and raising the value of exports. As exports are negligible, the economy will benefit from the policy of raising the rate of the Iraqi dinar.”

"The Ministry of Finance and the Central Bank a proposal to lift the value of the Iraqi dinar Iraqi returning to normal"

"The participants emphasized that the increase in the prices of fuel, food and housing rents had contributed to the increase in inflation and that is no way to successfully curbed without working to bolster the exchange rate of the Iraqi dinar”

PS - Did everyone pick up their free NID notes yes? $2,000 of free NID, after a significant RV, is not too shaby. Everyone loves free money!

regards, aporl

I couldn't Agree more with you. Nice job and no I haven't yet. i heard about this free currency anyone have a link to this?

Originally Posted by aporl

Start U.S. Iraq withdrawal in 4-6 months: Democrats - Yahoo! News

"Democrats, who won majorities in the U.S. Congress in last week's elections, said on Sunday they will push for a phased withdrawal of U.S. troops from Iraq to begin in four to six months. "

Ok, what do you think about this in terms of Iraqi Dinar Investment?

Im still upbeat, but you have to wonder how the recent election could influence or investment.

As I assured everyone all ready, no need to worry about things like this, the US is going nowhere...
Here is my post from yesterday :http://www.rolclub.com/iraqi-dinar-d...tml#post133935

ALSO the words of General Casey here just recently:
"It's going to take another 12 to 18 months or so until I believe the Iraqi security forces are completely capable of taking over responsibility for their own security — still probably with some level of support from us, but that will be asked for by the Iraqis." Gen. George Casey, the top U.S. commander in Iraq, said at a Tuesday news conference in the heavily fortified Green Zone in Baghdad.

Originally Posted by wciappetta

I couldn't Agree more with you. Nice job and no I haven't yet. i heard about this free currency anyone have a link to this?

Check your PM

Originally Posted by CharmedPiper
MIKE IS THIS A TYPO???

Some banks offered to sell $2.5 million at an exchange rate of 1.463 dinars to a U.S. dollar

Originally Posted by CharmedPiper

I don't know I am still trying to pick myself up off the floor......

Hey charmed it'll be interestering to watch forex, 4:00 cst
all the sites I watch have stopped at 1465, so this is very much in line with the exchange sites

Reading between the lines, this does not look like the Demo's are going to be pushing for a "quick" withdrawal..at least that is the way it looks to me.

Democrats vow to push for Iraq redeployment
By Brian Knowlton / International Herald TribunePublished: November 12, 2006


WASHINGTON: Leading Democrats said Sunday that they would press the Bush administration to begin redeploying troops in Iraq within months - one said as early as March - but the White House said that while it was "open to fresh ideas," the notion of any fixed timetable was not one of them.

"We need to begin a phased redeployment of our forces from Iraq in four to six months," said Senator Carl Levin of Michigan, the likely next chairman of the Armed Services Committee.

But the Bush administration said it remained opposed to timetables.

"I don't think we're going to be receptive to the notion that there's a fixed timetable at which we automatically pull out, because that could be a true disaster for the Iraqi people," said the White House chief of staff, Joshua

Today in Americas
Incoming Democrats put populism before ideology Democrats aim to save power of Iraq agency Letter From Washington: After Republican rout, who is to take the lead?Bolten.

Meantime, the White House said it would again ask the Senate to confirm John Bolton as ambassador to the United Nations, but also indicated that it planned to take no extraordinary measures to keep him there if Democrats again moved to block him, as they vowed to do Sunday.

And as Americans and others weighed the impact of the freshly elected Democratic majority, the party's leaders sought to send reassuring signals that they planned change but no abrupt policy lurches.

The top Senate Democrat, Harry Reid of Nevada, said that while his fellow lawmakers would re-examine a tax structure that they say unfairly favors the wealthiest, they did not plan to do so for at least six months to a year.

Howard Dean, the Democratic national chairman, even cautioned against expecting the tax cuts many Democrats want for the middle class. The Democrats support a budget-balancing approach, he said, and the federal budget deficit had been understated by $100 billion.

Reid also said that the monitoring of some Americans' phone calls might be a necessary part of the fight against terrorism, "We must do it within the confines of the Constitution" - presumably pointing to new efforts to restrict the government's controversial surveillance programs.

Levin called for a rapid start to troop redeployment in Iraq a day before President George W. Bush was to meet with a bipartisan study group seeking a way forward in Iraq, and two days before Prime Minister Tony Blair of Britain, Bush's foremost ally in Iraq, is to confer with the same group via video linkup.

The panel is chaired by the former secretary of state, James Baker, and Lee Hamilton, a former House Democrat.

As the Iraq Study Group moves closer to providing much-anticipated recommendations, Democrats are attempting to use their new leverage to influence the debate.

The Pentagon, too, is undertaking a broad review of Iraq strategy, under General Peter Pace, chairman of the Joint Chiefs of Staff.

Levin said it was important that the Iraqi government knows that the United States has no "open-ended" commitment to shore it up, a comment later seconded by Senator Joseph Biden of Delaware, the likely incoming chairman of the Foreign Relations Committee.

Reid also argued for redeployment, saying, "I think it should start within the next few months." But he said he was "absolutely not" in favor of a specific withdrawal date; deployment decisions should come from military leaders in Iraq, he said.

Bolten, the White House chief of staff, said that the president was open to all recommendations and ready to make sensible adjustments, but that "the ultimate goal remains the same, which is success in Iraq."

Still, sounding the more accommodating tone that top officials have struck since the Democrats' election victory, he said: "The president's open to fresh ideas here. Everybody's reviewing the situation."

In another sign of Democratic caution, Dean said that while former Senator George McGovern had been invited Thursday to meet with the Congressional Progressive Caucus - a group of about 60 House members, most of them Democrats - to discuss his proposal for a full withdrawal by June, that was "probably not the way it's going to work."

Dean argued on Fox TV against a departure that would leave northern Iraq vulnerable to attacks by Turkish troops pursuing the ethnic Kurdish fighters of the PKK guerrilla group. A Turkish invasion, he said, would be the "worst thing" that could happen.
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I forgot to get page 2..sorry

please post links of what sites of forex we need to be watching please.

ps cows are still doing the farm jig - we are close

Originally Posted by day dreamer

Originally Posted by CharmedPiper
MIKE IS THIS A TYPO???

Some banks offered to sell $2.5 million at an exchange rate of 1.463 dinars to a U.S. dollar


Hey charmed it'll be interestering to watch forex, 4:00 cst
all the sites I watch have stopped at 1465, so this is very much in line with the exchange sites

This directly from the CBI website:

Announcement No.(803)

D.G. of Foreign Exchange Control

The 803 daily currency auction was held in the Central Bank of Iraq day Sunday 2006 / 11/ 12 so the results were as follows :

Details Notes
Number of banks 10 -----
Auction price selling dinar / US $ 1465 -----
Auction price buying dinar / US $ 1463 -----
Amount sold at auction price (US $) 24.880.000 -----
Amount purchased at Auction price (US $) 2.500.000
Total offers for buying (US $) 24.880.000 -----
Total offers for selling (US $) 2.500.000 -----

Cash amounts sold to the bank and its customers were USD(22.180.000) at a rate of(1465+1+10=1476)IQD\USD .
The amount sold to make transfers abroad was USD (2.700.000) at a rate of (1465-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.

Also--anyone else notice people posting the same articles over and over again...? I keep reading articles that have already been posted.

Originally Posted by PopaDinar

OK, this has to be a mis-print what I have in BOLD if not that would mean we got an RV of a $1.46... But it makes more sense that they ment to print 1,463... I almost jumped out of my pants when I saw 1.463...



Posted by: saleem on Sunday, November 12, 2006 - 02:36 PM

Iraq-Currency
Sharp drop in dollar demand at Iraqi Central bank auction
Baghdad, Nov 12, (VOI) – Demand for dollars fell sharply at the Iraqi central bank daily auction on Sunday.
Demand was down $46 million to $24.880 million from $70.180 million in the previous session.
The bank covered bids which were $22.180 million in cash and $2.700 million in foreign transfers.
The dollar exchange rate was 1,465 dinars, unchanged from Thursday.
Some banks offered to sell $2.5 million at an exchange rate of 1.463 dinars to a U.S. dollar.

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

That must be a misprint, if it were true, it would mean that the reval was close to $.65 not $1.46. It says that it will take 1 and ahalf dinars to make a dollar.