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

Originally Posted by MunnyBaggs

Thanks, Jake. The gradual idea is not really new but it is catching on by a lot of the old time IQD investors. Here at Rolclub we have a lot of new investors (which is great the more the merrier!!!) and I can fully understand their excitement over this. I would love an overnight re-val and maybe once HCL is enacted it will be possible. But slow grow is better than no grow!!!!

I've been waiting since February '04, if it happened tomorrow it would be anything but overnight.

Originally Posted by neno

Now this is what the "Think Tank" is for. Great observation Hardwood & lndmn_01. This is presicely the point of this.

Also stik, if you are having trouble with the Guide to the Rumor/Prediction form please PM me. Great work all you guys. Including MunnyBaggs. There is room for all the theroy's until one is right. Then again, who knows they may all play into it.

Thanks Neno, for your good work!

I think we have all the same goal and wishes here on the Rolclub.

A good and realistice appreciation of the Iraqi Dinar. I hope and think it will be before 1/1/2007 but opinions are unique and different, but we have to respect them all.

I will grab a beer and have a very nice evening, because good things are coming to all of us!

File private citizen with the reconstruction of Iraq
The third session
اتMarch and challenges
الثThe Ministry of Oil-Report transparency III
-2006)The export of Iraqi crude oil (1996-2006)
صندوق تنمية العراق (DFI)The Development Fund for Iraq (DFI)

تIssued by the Office of the Inspector General in the Ministry of Oil transparency third report covers the theme crude oil export for the period (1996-2006) and the importance of the report and the information contained therein, which are indispensable for the reconstruction of the country and to inform readers to publish the contents of the circular letter of citizen interest on workshops

* Development Fund was established in May 2003 in Iraq under UN Security Council resolution No. (resolution 1483).
* The Authority was granted to the Fund by the President of the United States of America is responsible for the coalition authority.
* June 2004 ended the work of the coalition authority under resolution (1546) has been transferring the management of the fund and control to the Iraqi Interim Authority.
* .* Iraqi government retained responsibility for the management of the Fund for the following period.
* ).* Fund consists of bank accounts (from the fed in New York and the Central Bank of Iraq).
* /.* In accordance with the memorandum of issued by the Ministry of Finance on 5 / June 2004 been the establishment of sub-account of the Fund in the bank, federal and orbit before American institutions containing : the Office of Projects and Contracts (pco), the Office of reconstruction the Iraqi and management SRMO, Controller (JASG), the Office of the expenses of the Fund, the Office of the Department Defense Contract (DCMA), the engineering unit in the American army (CROUPS OF inc appointment of staff of the Administering Authority ARMY), the coalition forces) Control before the Ministry of Finance to facilitate the disbursement process to contracts signed by the coalition authority of Macedonia and which requests of exchange of payments for the post-partum period August 28 June 2004, and that the Department of American institutions of the Sub-Account had ended in the 2005 / 12 / 31.
* .* Under the Security Council's Resolution No. (1483) must deposit the proceeds from sales of Iraqi oil and its derivatives and natural gas in the fund, in addition to the surplus funds from the United Nations-the oil-for-food program - which was established under the Security Council's Resolution No. (986) to be converted to the Fund, and on this basis, all Member States are obliged to freeze the transfer of funds and other financial assets of the Iraqi government of Macedonia to the Fund only if the assets under a judgment or arbitration or other things administrative.
* .* Line with the UN Security Council resolution No. (1483) fund must be used with transparency to meet the humanitarian needs of Iraqis and the reconstruction of Iraq's economic and infrastructure reform and the continued disarmament of Iraq to cover the costs of Iraqi civilian administration and in the interest of the Iraqi person.
* 1483) .* Has been appointed the UN Security Council for the control and supervision of the Iraqi Development Fund under the Security Council resolution (1483) and No. (1546) to carry out actions similar to those taken by the Commission scrutiny.
* اف.* Implementation of the resolution (1548) continue to deposit the proceeds of Iraqi oil and its derivatives from the Iraqi Development Fund to be used in all transparency and fairness through the Iraqi budget and monitored by the International Council for Control and Supervision.
* Decided to end these commitments immediately after the election of a constitutional government were reviewing these obligations in the June 8 June 2005, or before that date the request of the transitional Iraqi government.
* )* In accordance with the Security Council resolution No. (1483) must deposit the proceeds of export sales of petroleum and petroleum products account (Mesthosslat oil sales) and then must deposit (95%) of the deposits in the Fund and the (5%) remaining should be deposited into the Compensation Fund (a fund compensations under the Security Council resolution No. (687) and subsequent resolutions of the Iraqi invasion of Kuwait in 1990)

جريدة المواطن العراقية

Originally Posted by MunnyBaggs

Pippy, that mystery has been solved. Not sure if this has been posted here or not but:

How the sentence in the article was written:

Each family will be given a loan of 10,000 dinars (approx. $6,600) to start the project, he said.

Should have been written:

Each family will be given a loan of 10,000,000 dinars (approx. $6,600) to start the project, he said.

Looks like the reporter, or transcriber, or editor left off three zeros. 10 million IQD at todays .00066 rate = around $6,600. Mystery solved. Why would some Joe Palooka reporter have any more inside information than anyone else? First instinct was right, this was a misprint.

Seriously???

That's one hell of a misprint! How a writer and/or editor could both make that mistake is unbelieveable to me.

See it is on its way. Once it leaves it is yours as Ali - DinarTrade told me, as well as Garrett - SafeDinar too. Just easing your mind. Reciept Below.

This tracking update has been requested by:

Company Name: DINAR TRADE

Name: Dinar Trade

E-mail: 'not provided by requestor'

__________________________________________________ ______________________________


Dinar Trade of DINAR TRADE sent Tommy -neno 1 FedEx Standard
Overnight package(s).

This shipment is scheduled to be sent on 12/16/2006.


The tracking number(s) is (are)

XXXXXXXXXXXXXXX

FedEx Site Below.

Tracking number
XXXXXXXXXXXXXX

Ship date
Dec 16, 2006

Estimated delivery
Dec 18, 2006 3:00 PM


Destination
Waxahach, TX

Service type
Standard Envelope

Weight
0.5 lbs.



Status
Package data transmitted to FedEx

Originally Posted by lndmn_01

We don't have an exact translation and if you will go to google translate and look at the Arabic spellings of thousand and million, you may find that the article does appear to say thousand. The information about the article saying million was from "Miss. You-Know-Who",(Adsters best friend over there). And she didn't even post it originally, but sent it to someone else in an apparent attempt to get under his skin. The article may say million instead of thousand but I will only believe it once we have a trustworthy translation.

I'm so sorry to confirm it. It says million, just had my guy read it.

Originally Posted by Offshore-Wealth.com

Interesting,

Yes, there were several small denom notes which did not have Saddam's mug on them, and we know they were never counterfeited, so it would be logical move since these notes were familar with Iraqi's, and that is another reason to reintroduce them as needed.

As to the buried old Saddam notes, well, if they did so under the airstrip, this would have been a monumental engineering mistake. Being in the road remediation and construction industry, you neve want paper, an organic material under an air strip, or any road for it will deteriorate in time and compress causing major structural strengh issues. Landing stips, in particular are more critical given load extremes and the maintenance interuptions, so I would say this reported disposal method is a myth, or worse, a major mistake. (g)

Happy Holiday Seasons to all, Mike

It must be a major mistake because I've seen the pictures and believe me why would he lie about it he has nothing to gain or lose from it he also brought back lots of all the bills new and old and gave them to everyone, I no nothing about landing strips but thats what he told me "we buried all the old dinar and then built the runway," he told us (me) about all the stuff he did showed us the pictures and other little treasures that he had found. I know that they were buried because the in the picture it's all his friends stand near a large pit full of money. then when I asked him more detail he said everything was buried (everything), and his brother russell is over there now helping with the Banking(oh yeah I'm from Utah) he said he sent him an email to find out if they have any info on the lower bills I haven't heard back but like I said he was just back
I wasn't able to see him, and he wasn't much in the mood for chating about dinar.
So you can believe what you want and I'll believe what I've seen Deal!

Originally Posted by Inscrutable

I'm so sorry to confirm it. It says million, just had my guy read it.

Oh well back to the drawing board peoples, don't dispair, it's still looking better than it ever has

Welcome Stik!

I have tracked all auctions, oil sales, t bills sales from the Ministry of Finance, and other details of the CBI. I have graphed all these in several ways, continuous, seasonal, along with other variables to identify the correlation coefficient to each other. I have kept to myself since I do not have all the info needed to make a good stab at an guesstimated price, yet.

Perhaps I may email this excel spreadsheet so that you do not have to do the data gathering and instead manipulated and rearrange the data. In any case, welcome!

Kind regards,

Howard
(Homy-short for Harumi-daughter's name, when you say it real fast!)

Originally Posted by Offshore-Wealth.com

Interesting,

Yes, there were several small denom notes which did not have Saddam's mug on them, and we know they were never counterfeited, so it would be logical move since these notes were familar with Iraqi's, and that is another reason to reintroduce them as needed.

As to the buried old Saddam notes, well, if they did so under the airstrip, this would have been a monumental engineering mistake. Being in the road remediation and construction industry, you neve want paper, an organic material under an air strip, or any road for it will deteriorate in time and compress causing major structural strengh issues. Landing stips, in particular are more critical given load extremes and the maintenance interuptions, so I would say this reported disposal method is a myth, or worse, a major mistake. (g)

Happy Holiday Seasons to all, Mike

100% Correct OSW This would be an engineers nightmare, especially with the weight of a plane.

I wonder if Hoffa is under that tarmat?


Al Jazeera English - Archive
Saddam dinar fades away



Iraq's old bank notes bearing Saddam Hussein's portrait became obsolete on Thursday at the end of a three-month period to exchange them for the new currency.

An Iraqi displays an old (right) and new 250-dinar bills



More than 10,000 tonnes of now worthless notes bearing the image of the ousted dictator are now being destroyed, according to a joint statement by the Central Bank of Iraq and the Coalition Provisional Authority.

"Rebuilding Iraq's ruined economy is a key priority for the coalition - a new currency to replace the discredited old one was a necessary early move," L Paul Bremer, the top US civilian official in Iraq, said in the statement.

The new notes, illustrating scenes depicting Iraq's important scientific contributions, history, landscape and economic life, have been printed in the denominations of 50, 250, 1000, 5000, 10,000 and 25,000 dinars.

One US dollar is now worth between 1200 and 1300 dinars, compared to about 2000 before the US invasion in March last year.

The new currency replaces both the old dinar and the "Swiss" dinar, used in the north of Iraq. One old dinar is exchanged for one new dinar, and one "Swiss" dinar is exchanged for 150 new dinar.

The statement said the dinar has appreciated by 25 % since 15 October when the new currency was started with a three-months period for exchanging the old dinar.

Central Bank of Iraq Deputy Governor Ahmad Salman Jaburi has said the new dinar is secure unlike the easy-to-counterfeit Saddam dinar.

"Its many visible and invisible security features make it very hard to fake," he said. "A secure currency will provide a firm foundation for Iraq's future economic growth."

Bremer said the new currency system was in place less than a year into reconstruction of Iraq, a task that he said took three years to begin in post-World War II Germany.

Printed by UK firm

The first shipment of the new currency - printed by British company De La Rue - arrived in Baghdad on 17 September, 2003 in 28 jumbo jet loads of 90 tonnes each. Four smaller aircraft distributed the cash in bulk to regional centres.
Printing the new currency cost US$130 million.

It is expected that bank vaults around the country, many completely filled with sacks of old Saddam dinars, will be cleared by the end of January, the statement said.

To date about 4.5 trillion new Iraqi dinars ($3 billion) were estimated to be in circulation. The statement did not say how much of that has been exchanged.

Nearly one-third of the 10,000 tonnes of old currency in about 300,000 sacks gathered in the course of the exchange has already been verified and burned, it said.

Into the fire.



CBBC Newsround | WORLD | Iraqis get Saddam-free banknotes