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

LawkSalih.Com - 243 construction projects assigned to local firms in Basra

[QUOTE="GK";137109]Back in 2004...

"During the previous regime, Iraq’s private banks controlled less than eight percent of total banking assets and offered very limited services. Under the new Banking Law, 10 of Iraq’s 17 private banks are already making international payments and remittances, and issuing letters of credit. [B]International payments and remittances into Iraq are now roughly estimated at more than $5 million per day.[/B]"

Think about that sentence in bold for a sec - "remittances into Iraq"
Now if these remittances were in USD or foreign currencies, they wouldn't need to exchange NID for USD. It should be the other way around; the banks exchanging those USD or foreign currencies for the IQD. Like I said before, it seems like IQD is being transferred bank to bank into IRaq from overseas, and in-turn the banks in IRaq send the equivalent amount in USD overseas. That's the straight dope![/QUOTE]
[B][SIZE="2"]five mil a day no less. BACK THEN..... woOT!!! [/SIZE][/B]

KRG US representative says federalism will enhance unity | Iraq Updates

[QUOTE="GK";137089]I think so. But the CBI is only at 1455. By the time the CBI reaches the IMF projection of 1345 (if indeed this is what they're shooting for by end of year), the market exchange might be below the 1000 range.[/QUOTE]

[COLOR="Blue"]Hi Everyone,

Did I miss something but I think it will be much high than 1345 by the end of the year. That would not be an RV that would just be fluctuation in auctions. I really think this will have to peg at $1 or better I really think higher. I know there was talk about .05 as just a discussion but I do not see that happening. I have been doing a lot of research on floating and pegging I am not claiming to be brilliant. But if they open with 1345 or .05 they are going to create bigger speculation than us little investors. I can't see it going on the international market at a low rate for a lot of reasons. I think if the Dinar keeps dropping and gets to 1345 there will be a frenzy on the Dinar they will shoot themselves in the foot in my opinion. With the rate dropping I believe we will see an RV soon. My best guess and it is only a guess is it could be any time between now and December 14th JMO. I also think they will peg the Dinar to create stability to the currency and piece of mind to investors.

Like I said this is just my opinion I am new to this world of economy and politics. But I look at things with logic and this is what seem the most logical to me.

RV AT A VERY GOOD RATE BEFORE THE END OF THE YEAR JMO!!!!!!!!

Dinar-Excited[/COLOR]

Originally Posted by PAn8tv

ISF shuts down Insurgent Financial Operation
Multi-National Corps – Iraq PAO

BAGHDAD — Local police, supported by special Iraqi Army forces, conducted a raid Oct. 9 in Tikrit against a local hawala allegedly used by individuals and businesses to provide financial support to insurgent groups and detained 16 individuals.

The hawala, a local financial system for banking and money exchange, was allegedly being used by insurgents and criminals to hide money made through illegal activity and illegally funneled into Iraq. The daylight raid was based on tips from Iraqi citizens.

Iraqi Police and Army forces, with coalition advisers, shut down the suspected illegal financial activity which was directly supporting foreign fighters and the ongoing insurgency. This support was directly responsible for attacks targeting Iraqi civilians as well as Iraqi Security and Coalition forces.

No significant damage was done in the area and there were no civilian, Iraqi Force or ground forces casualties.

This operation is an example of the resolve of Iraqi citizens to stop the illegal and violent activity bringing harm to their communities and demonstrates the increased ability of the Iraqi Security Force to target and combat insurgent activity.

I know many people have thought, "how is all this violence gonna stop?"

Iraq needs more of this. The people getting fed up and doing something about it themselves, not waiting for someone else to do it for them.

Originally Posted by Dinar-Excited

Hi Everyone,

Did I miss something but I think it will be much high than 1345 by the end of the year. That would not be an RV that would just be fluctuation in auctions. I really think this will have to peg at $1 or better I really think higher. I know there was talk about .05 as just a discussion but I do not see that happening. I have been doing a lot of research on floating and pegging I am not claiming to be brilliant. But if they open with 1345 or .05 they are going to create bigger speculation than us little investors. I can't see it going on the international market at a low rate for a lot of reasons. I think if the Dinar keeps dropping and gets to 1345 there will be a frenzy on the Dinar they will shoot themselves in the foot in my opinion. With the rate dropping I believe we will see an RV soon. My best guess and it is only a guess is it could be any time between now and December 14th JMO. I also think they will peg the Dinar to create stability to the currency and piece of mind to investors.

Like I said this is just my opinion I am new to this world of economy and politics. But I look at things with logic and this is what seem the most logical to me.

RV AT A VERY GOOD RATE BEFORE THE END OF THE YEAR JMO!!!!!!!!

Dinar-Excited

saying they pegged at .05 , why would speculation be bad ?

Economic : Bahrain Thath first forum for the support of Iraq

Set up in March will be attended by more than 700 company Baghad Haider spring Bahrain prepares to host the first Gulf Iraqi Forum for the period from 24 March 26, 2007. That is expected to involve a large number of Iraqi companies, and the Gulf in all service sectors and new oil. Etc. .. This was stated by the Iraqi ambassador in Bahrain during the press conference held by the company Magnum The organization and holding of conferences and exhibitions to the announcement of hosting the forum. The ambassador added. The Forum will be a great opportunity for the Gulf and Iraqi companies to meet and engage in trade partnership could be the implementation of joint projects between the two sides Mushaddaali the importance of good preparation for the Forum and the selection of participants of the forum achieved its objectives. He also said that the services sector and the reconstruction will take the largest space, but he pointed out the importance of the stability of the security aspect, which is the backbone of the reconstruction and the entry of the contributing companies. The Ambassador pointed out that a number of companies, including Bahraini companies failed to get approval for the opening of miles between Bahrain and Iraq. However, the Bahraini authorities considered to be a formal agreement between the two countries and the government. Iraq has responded to this desire, we are in the process of obtaining final agreement in this regard. For his part, board chairman of the Department of Magnum Exhibitions and Conferences (Jamil Wafa) is the company that will contribute to the organization of this forum is that the choice of Bahrain to hold such a very effective in view of the importance of relations linking the two countries long and strong. He added hope to be able to contribute in some of the Iraqi people through facilitating the convergence of Gulf businessmen and the Iraqis to discuss ways and means to provide support and enter into joint ventures. He pointed out that this conference is the first trade forum organized by the Iraqi government outside Iraq for the promotion and strengthening of relations with the Arab Gulf states, It is hoped that will be held annually in one of the Gulf states and will provide a great opportunity to establish a working relationship successful and lasting. He pointed out that the group (ie Vision) Iraq is responsible for the organization of the agreement and cooperation with the company expected Magnum with the Executive Chairman of the Group (ie Vision) on the organization of the Iraqi Forum participation of a Rumors of 700 companies, including 100 companies of Iraqi stressing that the forum would be organized under the supervision of the Iraqi government and the Ministry of Trade and the government of Kurdistan and some Iraqi ministries such as oil, transport and telecommunications, electricity, housing in addition to the Irish Iraqi trade. He pointed out that a plan was laid out six months ago to set up a forum so successfully attracted participants from the Gulf States to support the commercial sector in Iraq, expressing his optimism about the success of the event and the achievement of the desired goals. For his part, welcomed the Executive President of the Chamber of Commerce and Industry, Bahrain Abdul Rahim pure organizing this conference room, pointing to the willingness to participate in this forum, which seeks to support Iraq. He said we are happy to work to strengthen trade relations between the private sectors in Bahrain and the Gulf states and Iraq.

http://64.233.179.104/translate_c?hl...%26sid%3D32995

Economic : Iraqis at the top of foreign investors in Jordan

Baghdad morning The official statistics indicated that the number of Iraqi investors in Jordan and officially registered with the corporate control of the very last September stood at around 3927 investors. As the volume of their investments to 345.7 million Jordanian dinars over the past six years and distributed among different sectors of production. The bulletin issued by the Ministry of Industry and Trade of Jordan that the Iraqi investors holding first place between the numbers of non-Jordanian investors has been estimated volume of investments in the first ten months of this year, nearly 118 million Jordanian dinars. The bulletin pointed out that these investments represent about 12% of the total investments in companies registered in Jordan during the first ten months of this year amounted to 982.4 million dinars also represent about 32.5% of the investments of non-Jordanians that their bulletin about 336 million dinars. The bulletin pointed out that the services sector investment volume reached about 140.3 million dinars and about 15 million dinars in the agricultural sector and 3.5 million dinars in contracting. According to figures issued by the Department of Lands to the Iraqis bought during the first ten months of this year, real estate and land equivalent of 76 million dinars. a total of 1.9% of the total sales in this sector. and about 50% of the total sales of non-Jordanians in the period referred to solve this and the Iraqis on the top of the list of investors in the land and property of non-Jordanians. , followed by Kuwaitis who used to occupy the first place, The Saudis ranked third, followed by Holders of American citizenship then the Syrians.

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Originally Posted by Dinar-Excited

Hi Everyone,

Did I miss something but I think it will be much high than 1345 by the end of the year. That would not be an RV that would just be fluctuation in auctions. I really think this will have to peg at $1 or better I really think higher. I know there was talk about .05 as just a discussion but I do not see that happening. I have been doing a lot of research on floating and pegging I am not claiming to be brilliant. But if they open with 1345 or .05 they are going to create bigger speculation than us little investors. I can't see it going on tthe international market at a low rate for a lot of reasons. I think if the Dinar keeps dropping and gets to 1345 there will be a frenzy on the Dinar they will shoot themselves in the foot in my opinion. With the rate dropping I believe we will see an RV soon. My best guess and it is only a guess is it could be any time between now and December 14th JMO. I also think they will peg the Dinar to create stability to the currency and piece of mind to investors.

Like I said this is just my opinion I am new to this world of economy and politics. But I look at things with logic and this is what seem the most logical to me.

RV AT A VERY GOOD RATE BEFORE THE END OF THE YEAR JMO!!!!!!!!

Dinar-Excited

But if they open with 1345 or .05 they are going to create bigger speculation than us little investors.

I can't see it going on the international market at a low rate for a lot of reasons.

I also think they will peg the Dinar to create stability to the currency and piece of mind to investors

I don't claim to be an expert on this venture myself, but here is my take on the situation.

The dinar has been open and internationally tradeable since 15 Oct 2003. It has also been pegged to the U.S. dollar since that time. Iraq has just kept the value to an extremly low value to establish a stable currency through auctions at the CBI. You can see international trade by the CBI through dinar transfers to other countries abroad (shown on CBI exchange page).

So, the only thing we are looking for now is a revalue and possibly a change in peg/float to another currency, basket of currencies, or SDR. I think we are already seeing the revalue. Unfortunately it is extremley slow, but we may see the big leap we're looking for .

I think your correct to say that if the value keeps dropping so slow that there will be a "frenzy on the dinar". However, I don't think the magic number is 1345. What is the magic number...I'm not sure. We have been at or near 1460 for some time now, and you can see the current outcome of speculation. However, when the FIL is enacted the true Frenzy will begin! I do believe that they must revalue to at least the dinars pre-Iraqi Freedom War level of approx. 1 dinar=$.34 in order for the government to establish confidence in the economic rebuilding of their country.

Just my 2 dinars worth.

CD

Economic : the completion of 55% of the work Bahrez Bridge and continue to work on the draft water Bldroz

Diyala-Hadi Al-Anbuge A source in the reconstruction of Diyala, said work is continuing to establish a bridge over the Diyala River north of the town of Bahrez dimensions (16 x 219 m) as well as four kilometers, and three hundred meters from the approaches in the area of Umm bone at the Al-Razi Hospital. The source pointed out that the completion rates have exceeded 55% since the beginning of the project in March of last year and it is hoped completion of the work all through next year. During this phase completed reinforced concrete pillars of the bridge to complete the rest of the project joints gradually, said the source, adding that the reconstruction team continues to work on the water project Bldroz card 1000 3 / hour, pointing out that the project includes two phases completed the last link in December of next year. The first phase includes the cement piping mechanically and the establishment of the pumping station has been accomplished since the foundation of a building الكونكريتي electricity and the generator. The source continued that the work continues to rehabilitate the electricity station minor KV 400 and the project aims to rehabilitate the transfer of electrical energy and it is hoped that the death benefit from the city, whose population is a quarter of a million people are expected completion of the final acts of the project, which started last March with the end of December of the year whom I as Ray, and the rate of achievement Maevouk 73% of the business. As well as continuing work in the building, the Adult Reform in hand Bani Saad, where the work in three phases to accommodate inmate (3600) The project includes a fence to surround the building with 22 tower guard and security equipment and buildings attached hall prison. It should be noted that the reconstruction teams, composed of civilian and military units and was working on the reconstruction projects and the development of local skills and support for civil society organizations and local government training

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