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

The former national ("Swiss") dinar notes were used throughout Iraq until the early 1990's, and this national currency still circulated in the Kurdish north. The bills nicknamed "Swiss dinar" either because of their relative stability and strength or because it was made in Europe, depending on the account. The Swiss dinar was trading at about 6.7 to the dollar in early July 2003.

I wanted to point out that in early 2003, the Iraqi dinar was anywhere from 1500:1 to 4000:1 unlike the Swiss dinar in the north which in July was still powering ahead at 6.7:1 against the $..which equates to 0.149$.

The Kurds have and are giving up alot to pull the country together so they will surely have to be reimbursed and at any rate less than 0.149$ will not be to their liking!! It's possible a deal would have most definitely been struck with a promise of a rate far more potent than the one they gave up.

I see no reason why they wont reintroduce the dinar to the world market at a rate no less than that, otherwise im sure the Kurds would decide to break free from Iraq and go it alone with an ever improving economy. There had to be a good reason to get the Kurds to give up there currency and at a rate that was way way stronger than Iraqs. They could see the benefits and im sure we will all find out why they decided for a united currency very soon.

A reval of at least .15 to the dollar would suit an awful lot of investors including myself. The other beauty is that with this investment you could offload whatever amount you want to in the hope as I'm sure will happen the dinar will rise and rise after an initial reval.

It's all good. My take is a reval before end of March. ;0)

Originally Posted by mogo

Re: Iraqi Dinar


The Iraqi Dinar Future Investment Prospects


Every second person Tom Dick and Harry right from uneducated cooks, waiters, taxi drivers, masons, carpenters, house wifes and you name them through out the world talking seriously to invest in Iraqi Dinar.

Now what is the future prospects in investing in Iraqi Dinar ??

This is a BIG QUESTION for the very reason that there are multiple factors involved, where the future value of new Iraqi Dinar drifts North or South, economist and mathematicians may jointly come up to design a differential equation with multiple variables projecting the future value of Iraqi Dinar.

Out of these multiple variables three variable are very important:
(a) The time factor
(b) The number of notes in circulation.
(c) The number of currency notes printed

Every prospective investor gives example of Kuwaiti Dinar appreciation.
Kuwaiti Dinar and Iraqi Dinar have two different stories, relating to the three variable mentioned here above.

AA) In 1990 after the invasion of Kuwait by Iraq Kuwaiti Dinar plunged almost as low as
around US 1 cent, after the return of Kingdom what happened

(1) The New currency was printed which replaced the Old Currency notes
(2) The Time Factor: The Kingdom return home in a very short time
(3) The number of Currency Notes in Circulation: During this short transition time period there was no printing of Old Kuwaiti currency notes, which would cause inflation
(4) The Old currency notes were replaced by equivalent New currency notes, the new currency notes in circulation remained the same as they were before the invasion of Kuwait by Iraq in 1990.
(5) On return of Kingdom, Kuwaiti Dinar re-gained its value as it was before the invasion.

This is not in the case of Iraqi Dinar, let see,
BB)
(1) The Time Factor: From 1990 to until Fall of Saddam Empire it is almost 12 years.

(2) During this long time period un-accounted large number of currency notes were printed, caused inflation, resulting in devaluation of Iraqi Dinar where it stands today.

(3) The New Iraqi Dinar has only replaced by the Old Iraqi currency notes, hence the number of currency notes in circulation remains the same in trillions created by the out going Saddam.

In light of above presentation, do not see any future prospects of investors in Iraqi Dinar, can possibly look forward for any appreciations in Iraqi Dinar value, unless notes in circulation are reduced.

In the region three countries changed their currency:
(1) Kuwait
(2) Afghanistan
(3) Iraq

In the process of change of currency of Afghani three zeros were deleted, thinking that this may revalue the Afghani, the Afghanistan currency did not revalued, only thing happened the consumer buyer now carries few currency notes instead of huge bundles of notes, otherwise the Afghani currency value in terms of U.S.Dollars other currencies stands were it was.

Regards
Shajee




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Follow Ups:

Re: Iraqi Dinar - Shajee 18:07:21 11/16/05 (0)


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Post a Followup

Name:
E-Mail:
Subject: Re: Iraqi Dinar
Comments: : The Iraqi Dinar Future Investment Prospects
:
:
: Every second person Tom Dick and Harry right from uneducated cooks, waiters, taxi drivers, masons, carpenters, house wifes and you name them through out the world talking seriously to invest in Iraqi Dinar.
:
: Now what is the future prospects in investing in Iraqi Dinar ??
:
: This is a BIG QUESTION for the very reason that there are multiple factors involved, where the future value of new Iraqi Dinar drifts North or South, economist and mathematicians may jointly come up to design a differential equation with multiple variables projecting the future value of Iraqi Dinar.
:
: Out of these multiple variables three variable are very important:
: (a) The time factor
: (b) The number of notes in circulation.
: (c) The number of currency notes printed
:
: Every prospective investor gives example of Kuwaiti Dinar appreciation.
: Kuwaiti Dinar and Iraqi Dinar have two different stories, relating to the three variable mentioned here above.
:
: AA) In 1990 after the invasion of Kuwait by Iraq Kuwaiti Dinar plunged almost as low as
: around US 1 cent, after the return of Kingdom what happened
:
: (1) The New currency was printed which replaced the Old Currency notes
: (2) The Time Factor: The Kingdom return home in a very short time
: (3) The number of Currency Notes in Circulation: During this short transition time period there was no printing of Old Kuwaiti currency notes, which would cause inflation
: (4) The Old currency notes were replaced by equivalent New currency notes, the new currency notes in circulation remained the same as they were before the invasion of Kuwait by Iraq in 1990.
: (5) On return of Kingdom, Kuwaiti Dinar re-gained its value as it was before the invasion.
:
: This is not in the case of Iraqi Dinar, let see,
: BB)
: (1) The Time Factor: From 1990 to until Fall of Saddam Empire it is almost 12 years.
:
: (2) During this long time period un-accounted large number of currency notes were printed, caused inflation, resulting in devaluation of Iraqi Dinar where it stands today.
:
: (3) SIZE=5]The New Iraqi Dinar has only replaced by the Old Iraqi currency notes, hence the number of currency notes in circulation remains the same in trillions created by the out going Saddam.
:
: In light of above presentation, do not see any future prospects of investors in Iraqi Dinar, can possibly look forward for any appreciations in Iraqi Dinar value, unless notes in circulation are reduced.[/SIZE]
:
: In the region three countries changed their currency:
: (1) Kuwait
: (2) Afghanistan
: (3) Iraq
:
: In the process of change of currency of Afghani three zeros were deleted, thinking that this may revalue the Afghani, the Afghanistan currency did not revalued, only thing happened the consumer buyer now carries few currency notes instead of huge bundles of notes, otherwise the Afghani currency value in terms of U.S.Dollars other currencies stands were it was.
:
:

That's the way I see it too...........

Hmmm, Fockstar. I don't mind having a conversation with someone that knows what they're talking about but I'm afraid you really don't have a clue. All you do is jump on board other's posts to sound 'intelligent'.

And you know why I say this? Because your interpretation on the potential returns this investment has is now totally flawed. You agree with the above, well, you see the Afghani is currently exchanging at .02 to the dollar. If the Iraqi Dinar is revalued at the same amount then the returns will be $20000 for a million dinar. The outlay would have been a $1000. This works out at a return of 20 TIMES, YES 20 TIMES. Better than any hyip, affiliate programme, mlm etc, eh Focky? I know I'd take 20 times return for several million I'm holding if it happened tomorrow and most would, makes for good business sense.


It's highly unlikely a zero looping will occur. Too many have invested in this, including the Kurds who stand to get something back for all their hard work. A zero looping will be a kick in the teeth to them, investors in Iraq and moreso the US who after forgiving billions of debt like Japan, UK, etc would not take too kindly if this happened and would do everything they could to stop this. Iraq NEEDS to be seen in a good light by the world. A zero looping will make them look like they are unable to handle and participate on the world stage/markets.

Iraq is a moneypot, no doubt about it. And once the ISX opens in the next couple of months, thousands of investors will be investing in Iraqi stock and businesses.

Good times are ahead.

Originally Posted by ourhouse37

I signed up for the 250 free dinars and never received a confirmation email. Any clues?

Greetings,

If you didn't log into your account in 30 days they delete it, so that may be one reason, the other is they are totally overwhelmed and many are not getting orders, in fact, they are looking for people to volunteer sending dinar out for them, so that is not a good sign. Over promise and under deliver will kill a reputation every time. Check and see if you are on the delete list on their site.

Good luck to all, Mike

Originally Posted by period8

Hi All,

I used to purchased Dinar and I have 1 million of it.
but now I just get it free from:
http://www.trafficdinar.com/

I believe it is worth trying...

And for those of you that wants to minimize the risk or shall I say no risk, just join me and once you sign up you will get a piece of real crisp Dinar snail mail to your house!!!

Just to share with you all!

Note:

Given the fact trafficdinar is overwhelmed and not able to fulfill their offer of sending out free dinar, and are soliciting help worldwide from members, it is obvious most will not recieve promised $250. from this point forward. For that reason, no more posting of link should be made on posts. Simply put it in your profile if you want to continue promoting it.

Thank you, Mike

Adster your the one Promoting Mlms/dinar/surebet amongst other things

not me.

You have made a thousand posts since you posted on 25/92005

That's right, I won't be trying to encourage people to get involved in this any longer, this is your last chance!!
Forget P**s/Plex/HYIP's that pay peanuts

Your right I am just a ***** **** for not buying dinar

As far as I can see selling dinars at Us$890-$1000 per million when they cost $690 is a nice little earner even after paying some sprukers like yourself $30 per million
thats something I wont be doing Adam nor will be geting them out on my bed to play with

just my 1,000,000 dinars worth

Originally Posted by flockstar

Adster your the one Promoting Mlms/dinar/surebet amongst other things

not me.

Hhmmm, but you'll be involved in selling lotto tickets when it starts? Wherein lies the difference? An investment is an investment from any standpoint.

Difference is with the dinar the sky really could be the limit, you only need to read articles to see that.

expressed hope that Iraq would shortly be back to the international community to be able to resume its important role. :0)

Another confirmation

9 January, 2006

Foreign Ministry Participates in Diplomacy Enhancement Course in Hungary


Within the framework of the support offered by many countries to develop Iraq and rehabilitate it for a return to the fold of the international community in cultural, political, economic and other fields, the Republic of Hungary recently arranged a course on diplomacy enhancement for the Iraqi Foreign Ministry staff in the Hungarian capital city, Budapest. The Hunida Institute for International Cooperation gave this course in coordination with the Foreign Ministry and the Hungarian University of Corvinus for Economical Sciences. Thirteen Foreign Ministry employees, mostly diplomats, took part in the course.

The participants had in the course valuable lectures on international law, art of negotiation, international economy and diplomacy, cultures that dealt with outstanding political issues worldwide, including that of Iraq and Middle East. The participants showed, during the course, a noticeable interest and ability to acquire the information, a merit that was reflected in the positive assessment made at the end of the course by professors and lecturers. Remarkable interest in the Iraqi issue was shown by professors who cited Iraq's historical role in enriching mankind with cultural and scientific achievements and expressed hope that Iraq would shortly be back to the international community to be able to resume its important role.

The course also included practical lessons and field visits to the Hungarian Foreign Ministry and Parliament. What is noteworthy is the warm hospitality and care displayed by the said Institute and University in hosting the Iraqi delegation. The Hungarian officials also expressed their government's desire in activating its diplomatic relations with Iraq in the very near future.

http://www.iraqmofa.net/english/news...px?NewsID=1321

Noteable also they met with China, Netherlands and "international team"

Positive words from US Treasury Deputy Secretary Robert Kimmitt


http://www.iraqupdates.com/p_articles.php/article/4699

10 January 2006 (Reuters) -- Iraq's investment climate was still very difficult, but companies are looking for opportunities as the country prepares for a permanent government, US Treasury Deputy Secretary Robert Kimmitt said.

'I don't think (investors) feel that the time is necessarily right right now, but no one wants to miss the opportunity that is there,' Kimmitt told the Washington-based Council of Foreign Relations.

'You're seeing a good bit of development in the north, a growing amount of development in the south, but it's just not uniform across the country. That will come over time,' he added.

An insurgency in parts of Iraq, with almost daily bombings in and around Baghdad, have hindered rebuilding efforts since the US invasion in 2003.

Iraq held a largely peaceful vote on December 15 to elect the country's first full-time government since the fall of Saddam Hussein. The government is currently being formed.

Kimmitt said the next few months would be critical for the new Iraqi government to put in place laws and a financial system in which businesses could operate without worrying about their investments.

He said Iraqi ministers were already considering ways to give foreign investors a first-hand look at investor opportunities in Iraq, especially in the petroleum sector.

'I think that certainly the government officials are very open to foreign investment, certainly discussing foreign investment, but they just don't have long-term legal authority to be making decisions particularly the laws that will be needed,' Kimmitt said.

'There has been foreign investment coming in, but not yet at a level they'll need for that to become an important part of their economy,' he added.

Kimmitt said transforming the economy into a functioning system was a high priority for the new government, including privatizing state-owned banks and other enterprises.

The International Monetary Authority last month awarded Iraq a $685 million standby credit facility -- the fund's first credit arrangement with Iraq -- designed to support the new government's economic program over the next 15 months.

The agreement is critical for Iraq's ability to borrow money overseas and to trigger a full debt reduction agreement with the Paris Club of creditor nations.

Separate government-to-government, or bilateral, debt arrangements between Iraq and GCC states have still to be ironed out and Kimmitt said he expected that to happen after the new government was in place.

allrighty then. So now you think maybe March, but it could still happen anytime?
groaning under the mortal belief of enormous debtly yours,
Kristin