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

Well, with all of this great information everybody is digging up...they better make an announcement soon before we accidentally dig up something we are not suppose to and if WE find it, it won't be a leak.....it will be like somebody opened up the Hoover Dam

Originally Posted by Vipor

Highest point (according to the history page) was 1,680 on 1/1/04
Lowest point (accrding to the history page) was 1,350 on 1/15/04

History shows 1455 or below between 1/15/04 and 6/15/04.

TY, I opened it in a differnt browser and I got the same thing. I wonder if it's cached on your computer and that what you seeing, or if my reader is messed up. But someone else saw it the same as I did, so I wonder. Can you try clearing your cache, and see if it still comes up before April 2006 for you please?

Charmed Piper.
You mean Something like the remains of Jimmy Hoffa?

what is Article 140??

Maliki : Our government is committed to apply all the items of the constitution, including Article 140

محمد إحسان للمالكي: المادة 140 نص دستوري ويجب تنفيذها خلال المدة المحددة لهاMohammad Ahsan of the owners : article 140 constitutional text must be implemented within the period specified



19:45 2006.19:45 2006. 11 .11. 15 15

PUKmedia هيمن امين/ اربيل:PUKmedia dominated Secretary / Irbil :

Dr. Mohammad Ahsan met with the Minister for areas outside the territory Cordstan - Cordstan representative in the territory of the Supreme Committee for the implementation of Article 140 of the Iraqi Constitution - with Dr. Nouri Al-Maliki the Prime Minister of Iraq, the presence of Ms. Nermin Othman, Minister of the Environment of the Iraqi government.

At the meeting yesterday, 14 / 11 Dr. Mohammad Ihsan, Ms. Nermin Othman opinion on the people Corstan hindrances and obstacles impeding the implementation of Article 140 of the Iraqi Constitution and the normalization of the situation in the city of Kirkuk to Dr. Nouri Al-Maliki, emphasizing the need to learn the presidency of the Iraqi Council of Ministers that there are obstacles Toe faced Committee for the Implementation of this article and the need to speed up the development of appropriate solutions and radical them.

Crossed and in the meeting expressed their rejection of any change occurs in the formation of the Higher Committee for the implementation of Article 140 and any change or interference in the work of the Committee by Sitng big problems and will raise the wrath of the people Cordstan.
Wali Muhammad Ahsan of the owners that the implementation of Article 140 is constitutional text must be implemented within the period specified.

For his part, Dr. Nuri al-Maliki of Iraqi Prime Minister full support for the implementation of Article 140, saying that his government is committed to the implementation of all items of the Iraqi constitution, including the implementation of Article 140 and was not even convinced some.

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Interesting,

No word from the Kurd's on 10K, so another day, another no dinar day for Iraqi's, sure is strange, but a good strange.

Good luck to all, Mike

Originally Posted by Treater

TY, I opened it in a differnt browser and I got the same thing. I wonder if it's cached on your computer and that what you seeing, or if my reader is messed up. But someone else saw it the same as I did, so I wonder. Can you try clearing your cache, and see if it still comes up before April 2006 for you please?

Cleared out cache and still opens up fine. Then again, I do work for a computer company which has fairly good internet security. So, we should not have issues accessing anything off the web.

Originally Posted by CharmedPiper

I posted this yesterday and it seemed to make sense to me hope it helps.

This is exactly what WM Knowles has been saying...looks like we could expect a reval any day....when they have expunged the amount of dinar from circulation that is targeted.

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

Iraq-Currency
Posted by: saleem on Tuesday, November 14, 2006 - 12:43 PM

Iraq-Currency
Dollar demand down amid central bank’s measures to decrease inflation
By Dergham Mohammed Ali
Baghdad, Nov 14, (VOI) – Demand for dollars was lower at the Iraqi Central Bank daily auction on Tuesday to $62.540 million from $110 million in Monday’s auction
.
The central bank said in its daily statement it covered all bids which were $32.910 million in cash and $29.630 million in foreign transfers.

The dollar exchange rate was 1,460 dinars , five ticks lower than Monday.

None of the 16 banks that participated in the auction offered to sell dollars.

Mr. Ali al-Yasseri, exchange company owner, told the independent news agency Voices of Iraq (VOI) “the central bank offered to sell dollar today with an exchange rate of 1,460 dinars, five ticks lower than Monday’s, in a bid to decrease the local liquidity amid a series of tough measures by the bank to bring down inflation.”

The Iraqi central bank, Mr. Yasseri said, “made every effort to ensure that banks participating in the central bank daily auction would not offer dollars for sell.”

“Banks’ offers to sell dollars mean letting more local currency to the market,” he added.

Fabulous find Charmed - plain speaking explanation of EXACTLY what has been the hot topic here lately (thank you wm.knowles and everyone else -Adster, Susie, Charmed - you all know who you are) -

Would someone kindly explain to me why the Saudi Arabia currency is worth about a US quarter when the have the largest oil reseves in the world? I am confused as usual. Thanks in advance!!

Originally Posted by MOM2TWO

Would someone kindly explain to me why the Saudi Arabia currency is worth about a US quarter when the have the largest oil reseves in the world? I am confused as usual. Thanks in advance!!

Currency Rates: Saudi Rial

11/14/06

11/14/06 11/13/06
U.S. Dollar / Saudi Rial 0.2666 0.2666
Saudi Rial / U.S. Dollar 3.7504 3.7504

Exchange Rates

Originally Posted by Wm.Knowles

This is a very good point. I think if we had an individual who was about to attend graduate school and needs a ******* thesis or doctoral dissertation in economics, banking, finance MBA etc. they could chart the history of the CBI activities. Their topic might be,

"The establishment of Central Bank operations and its eventual effects on inflation, monetary controls and the eventual reevaluation of the Iraqi currency".

I think once they charted the auction results, they would find that over the history, the CBI was placed far more currency into circulation than they have removed. What we are seeing recently is a dramatic effort to remove currency from circulation in a very short period of time. Something is propelling this recent effort and at this time we can only guess. But what we are viewing is a very healthy effort to remove currency to reduce inflation, place USDs into the local banks in anticipation of an increased demand for USDs (as you might anticipate in case of a RV). And maybe, to begin the process of removing the large denominations from circulation (an opinion).
So lets continue with an anticipation the the CBI auction results in the am will continue to reinforce this position.

Just a question - Why would they stock local Iraqi banks with dollars? If it RV's would the Iraqi people want dollars? Talk me through this folks, I'm a bit slow today. I understand the concept of removing the dinar from circulation - but having plenty of usd on hand doesn't really make sense to me unless it's just a byproduct of removing dinar? Help?