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

Originally Posted by DayDream

go down..go up? Now my head is really spinning! Isn't this backwards? Gee I need to stop thinking!

Cheers!
DayDream

DD doesn't this sound like a scare tactic to you? Where the CBI IS trying to get back as much dinar as they can? They'll have to pry them out of my cold dead hands first!!

Originally Posted by Jola

I am trying to firgure out the two new negative articles that came out: the L.A. article and this Reuters new one.

The first one says that a lot of dinar holders are cashing in, and it does say that the dinar rate willl go down ( I hope everyone has read it and noticed that comment).

Then the Finance minister 's interview says : well, the dinar rate will do go up to only 1260 for a dollar, which - for most international dinar buyers - it will give us a break even with NO profit.

So here we go:
- if you bought dinars before, cash it in now, because the rate will go down! - DINAR HOLDERS RUN TO THE BANK TO CASH IN
- there is no profit to be made if you guys buy the dinar now , cause it will go up to only 1260/$1 - at which rate you will only break even- so what's the point of buying the dinar in the first place? PEOPLE WILL NOT BUY DINARS.


And all this while FIL is waiting to be enacted, and HCL ready to be ratified.

You see where I am coming from?
Am I the only one who's reading these negative articles this way?
The CBI is puling dinar in, so they need to let the world know that there is no money to be made by buying dinars. :) But we know better!

As I can remember there was some telling that how closer we come the more negative news they will bring out to prevent further speculation and to do a 'shake out'.

If they are appreciating the dinar to 1260 I will buy me a few million more. At that rate I am not gonna run to the bank for cashing in.

That country has such a huge potential, they can't keep that rate on that level, no way.

Let's first wait to see what happens when FIL and HCL are enacted. At that time we will and must see the real exchange rate.

Originally Posted by yardbird

DD doesn't this sound like a scare tactic to you? Where the CBI IS trying to get back as much dinar as they can? They'll have to pry them out of my cold dead hands first!!

It sure does yardbird! How many times have we seen this happen...flooded with good news then articles like this come out of the blue flying into our face making us question everything that we know is FACT? It would be different if what they were saying rang true, but it doesn't! Their facts just DON'T make sense in light of ALL the information we have dug up! Weigh the good with the bad...which is heavier?

Cheers!
DayDream

Originally Posted by yardbird

DD doesn't this sound like a scare tactic to you? Where the CBI IS trying to get back as much dinar as they can? They'll have to pry them out of my cold dead hands first!!

I'm with you yardbird....in order for them to pry it out of my cold dead hands they have to find it first....!!! Sometimes I feel like the pirate who has a very detailed map to where he has hidden his treasure for safekeeping....I can account for every single one that I own and I won't part with them until I see $1.47....hmmmmmm I better get my map out because I think it is going to be payday this week. Wonder what old articles the papers will try to put out today.....but we got their number and it starts around $1.47......you would think that they could be a little more creative than they have been....come on media...don't you know RolClub digs up and saves any and every article written...WE WILL DEBUNK YOU EVERYTIME!

Hey OSW...see ya lurking down below...wanna expound a little more on this HCL enacted Sunday? Enquiring minds want to know!

Cheers!
DayDream

So there has been no news of the meetings they are supposedly having yesterday and today???

Originally Posted by CharmedPiper

I'm with you yardbird....in order for them to pry it out of my cold dead hands they have to find it first....!!! Sometimes I feel like the pirate who has a very detailed map to where he has hidden his treasure for safekeeping....I can account for every single one that I own and I won't part with them until I see $1.47....hmmmmmm I better get my map out because I think it is going to be payday this week. Wonder what old articles the papers will try to put out today.....but we got their number and it starts around $1.47......you would think that they could be a little more creative than they have been....come on media...don't you know RolClub digs up and saves any and every article written...WE WILL DEBUNK YOU EVERYTIME!

DITTO!!! I'm ready for this weekend!! All I'm taking to the Caymans is a toothbrush. I'll buy what I need as I go along

Here is a comment made in Washington Times 's article today about the 10% raise that the Iraq Study Group listed as a solution :
Overlooked options - Commentary - The Washington Times, America's Newspaper

...blah, blah...read the article..and then:

"The gold medal for comicality belongs to Recommendation 23: "By the end of 2006: The Central Bank of Iraq will raise interest rates to 20 percent and appreciate the Iraqi dinar by 10 percent to combat accelerating inflation."

..and the rest of the article here

Now, we were laughing at that recommendation too...guess the author is reading RolClub....

Originally Posted by DayDream

So...In light of the huge nugget OSW dropped for us...Seems a R/V is right around the corner! Right?

Cheers!
Daydream

But not this week then, right? We were hoping for Dec.11-14...but that's Thursday. If the HCL is enacted on Sunday (Dec. 17) I guess we won't see the reval until afterwards?
Or do you guys still think THIS week?

I DO hope so...

My son said the other day: "But mom, IF it pegs now, THEN we will get Christmas presents, right?" in answer to my telling them that there weren't going to be any presents this year, due to lack of money...

The Najaf governorate hold its regular deals

(Voice of Iraq) - 12-12-2006
This issue was sent to a friend

The Najaf governorate hold its regular addresses topics on its agenda
The media center of the communication-Musawi Mohasd

The Sheikh Khaled Al-Numani, first deputy chairman of the provincial council regular meeting of the members of the governorate of Najaf and discussed a number of important issues to be raised through the WAIPA and foremost Tekarirlheh Construction submitted a series of recommendations to take advantage of the time remaining this year and experience on the boards of the reconstruction program and accelerate the development of the ages.

Deputy governor of Najaf, attended today's meeting and stressed that the surplus funds were recycled to the budget for the year 2007 for maintaining that these funds will be entitled secretariats in the treasury to maintain that the minimum budget for 2007 set by the Ministry of Planning at 111 billion to Najaf.

She then introduced the most important books of the Council and forwarded to the committees concerned to take necessary action and the Trade Commission recommendations on the wheat crisis after depletion of the company's warehouse for the import of grain from this article and therefore the high prices on the black market to more than three times.
Regarding the outcome of the education program in Egypt in the management of resources conservation through strategic planning in advance in policy formulation, planning, monitoring and supervision and follow-member Hussein Alwan main result of this conference.

Report of the Construction on the remaining funds from the budget in 2006 and the recommendations of the Committee on Trade on the crisis of wheat and Egypt on the outcome of the education program for the management of resources to maintain the most important Thorn in the Council meeting.