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

Originally Posted by arpking

My opinion is we are on our way. That simple.
The only thing that I noticed in the Charmed post, was that the article states;

"Our goal is to reduce inflation, which is now running at about 50 percent, by improving the dinar and thereby making imported goods cheaper," Qassim said in a telephone interview, adding that more than 80 percent of all Iraq's tradable goods are imported, he said.

I have been reading everywhere that the inflation has now passed 70%.
Anyone know why the clash of numbers? Just curious.
Good day.

It's likely they are meaning over 50 percent as it sounds less drastic then the real figure of 73-76%

Originally Posted by Wm.Knowles

It seems we haved moved from a naysayer being one who thought the currency was worthless due to the war, violence, no government, too much debt. And that it would never RV or that Iraq would not conduct elections and this Dinar thing was a joke. Now, a naysayer is one who thinks there will be a gradual RV over a period of time with an initial RV in single digits. Seems like this is progress to me. Everyone have a good weekend. The auction in the am may be as exciting as the last couple of weeks. Thank you all for all of the good information this am.

Well, I have to admit that I kind of like the naysayers. First it was "Iraq will never succeed, the dinar will be worthless", we see the Iraqi's proving this to be wrong on a daily basis. Then it was "The only way they can reval is a 0 lop and re-print" this was also proven to be false. So if all they have left is that it will be a slow rise and top out in the 1 to 4 cent range I think we are doing pretty well. Now all we need is a little time to prove this wrong!

Originally Posted by CharmedPiper

Anybody got a woot for the trend I see here!!!!!WOOOOOOOOOOOOT!

Wall Street Journal (subscription), NY - 18 hours ago
AP. BAGHDAD, Iraq -- Iraq's dinar has risen to a nearly two-year high against the US dollar, as the nation's central bank tries to ..

ChronicleHerald.ca, Canada - 4 hours ago
BAGHDAD, Iraq (AP) — Iraq’s dinar currency has risen to a nearly two-year high against the US dollar, as the nation’s central bank tries to fend off ...

Canadian Business, Canada - 18 hours ago
Iraq Central Bank Buys Up Currency to Fight Inflation; Dinar at 2-Year High Vs. Dollar. BAGHDAD, Iraq (AP) - Iraq's dinar currency ...

FXstreet.com The Futures Market, Spain - 13 hours ago
On Thursday, the last day of the work week in Baghdad, the central bank led the way at its daily currency auction, which saw 25 million US dollars sold by ...

International Herald Tribune, France - Dec 7, 2006
AP. BAGHDAD, Iraq: Iraq's dinar currency has risen to a nearly two-year high against the US dollar, thanks to trading by the central ...

Houston Chronicle, United States - 19 hours ago
By THOMAS WAGNER AP Writer. © 2006 AP. BAGHDAD, Iraq — Iraq's dinar currency has risen to a nearly two-year high against the US ...

werent we tryin to keep this secret??? WOoT!!!!

Looks like somebody is holding out on us!

CHECK THIS OUT!~

Quote.com - Stock Quotes, Charts and News - News Story

News Story
Calibre Energy, Inc. Announces Update on First Well in Iraqi Kurdistan


Friday Dec 08 2006 13:59:18 EST

WASHINGTON & HOUSTON, Dec 8, 2006 (Canada NewsWire via COMTEX) --
Calibre Energy, Inc., (OTCBB: CBRE) ("Calibre"), an American-based independent natural gas and oil exploration and development company, announces the Bina-Bawi-1 exploration well was at a depth of 2,112 meters (6,929 feet) and has completed running 9 5/8" casing and is currently drilling ahead to a total depth estimated to be 2,900 meters (9,514 feet). The Bina-Bawi-1 is the first well in Calibre's planned multi-well exploration and development drilling program in Kurdistan. The primary objectives of the well are the Cretaceous, the Qurachina Formation in the Triassic, and the Chiazaire Formation in the Permian.

Calibre is participating in the Bina-Bawi-1 through an Exploration and Production Sharing Agreement ("EPSA") with the Kurdistan Regional Government ("KRG") of the Republic of Iraq in the Arbil Province, covering the Bina-Bawi structure. Calibre has a 10 percent interest in the EPSA through a participation agreement with Hawler Energy Ltd., a privately-held oil and gas exploration company based in Houston, Texas. A&T Petroleum, a wholly-owned subsidiary of Turkish-based Petoil, is the operator. While other parts of Iraq remain mired in violence and unrest, the semi- autonomous region of Kurdistan has been the most peaceful and stable region of Iraq since the creation of the no-fly zones in 1991.

The Bina-Bawi structure is a 28 kilometer by 7 kilometer anticline immediately northwest of the Taq-Taq Field where Genel Enerji and Addax Petroleum recently announced test results from the Taq-Taq 4 well which flowed at an initial aggregate maximum rate of 29,790 barrels per day from three separate reservoir intervals in the Cretaceous. The flow rates were reported to be constrained by the limited capacity of surface testing facilities. Genel Enerji and Addax Petroleum are currently drilling an appraisal well and expect initial export of oil from the Taq Taq Field in 2007. Addax Petroleum in their November 2006 presentation estimated that the Taq Taq Field has current STOIP of 1.2 to 2.7 billion barrels with expected STOIP of 1.9 billion barrels.

ABOUT CALIBRE ENERGY, INC.

Headquartered in Washington, DC with operating offices in Houston, Texas, Calibre Energy, Inc. is an early stage oil and gas company focused on the creation of shareholder value through the development of world class unconventional and untapped domestic and international oil and gas resources with domestic operations in the Barnett and Fayetteville Shales and international operations in Iraqi-Kurdistan

Has anyone ever bought or know of the options offer at iraqidinars.com? I am trying to find out more info on it. Thanks!

Originally Posted by Rubicon

Has anyone ever bought or know of the options offer at iraqidinars.com? I am trying to find out more info on it. Thanks!

I and many others have bought through Bruce, good bloke.

Originally Posted by Wm.Knowles

It seems we haved moved from a naysayer being one who thought the currency was worthless due to the war, violence, no government, too much debt. And that it would never RV or that Iraq would not conduct elections and this Dinar thing was a joke. Now, a naysayer is one who thinks there will be a gradual RV over a period of time with an initial RV in single digits. Seems like this is progress to me. Everyone have a good weekend. The auction in the am may be as exciting as the last couple of weeks. Thank you all for all of the good information this am.

Thank you Knowles. I consider myself very high on this investment. I just don't think its going to make millionaires.

Originally Posted by Elfwizard

Thank you Knowles. I consider myself very high on this investment. I just don't think its going to make millionaires.

I believe the above quote has stumbled onto the main flux of your problem with this investment. Sorry, couldn't resist...you may put me on your ignore list now.

Cheers!
DayDream

Originally Posted by Elfwizard

Thank you Knowles. I consider myself very high on this investment. I just don't think its going to make millionaires.

Even the worst case scenerio of a slow rise will still make millionaires so cheer up.

Originally Posted by DayDream

I believe the above quote has stumbled onto the main flux of your problem with this investment. Sorry, couldn't resist...you may put me on your ignore list now.

Cheers!
DayDream

omg