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

Originally Posted by archangel

does anyone have a link to the original article in arabic, so maybe we can try to translate it again.

Economic : : Al-Zubaydi of the Arab ministers of finance and promised to support Iraq

Baghdad-Haider spring
Mr. Jabr Al-Zubaidi, the Minister of Finance and the Governor of the Central Bank of Iraq and the Iraqi delegation accompanying him in the meetings of the Arab Group on the sidelines of the annual meetings of the International Monetary Fund and the World Bank held in Singapore.

As discussed Messrs. finance ministers Arabs unite Arab ranks in these meetings and discuss all the word Arab Group consolidated by Mr. and Algerian Minister of Finance on behalf of the Arab States.
The floor multiple paragraphs in support of Iraq in the area of security and economic assistance in the reconstruction, development and the development of the infrastructure of Iraq.
In relation to Mr. Baker met Jabr Zubaidi, the Minister of Finance on the sidelines of the meeting, Minister of Finance and Minister of Finance Algerian both individually.
It was discussed during the meetings of fraternal bilateral relations and development in the economic and financial fields and discussed Iraq's debt through the formation of a technical committee to settle the file of the debt so as to contribute to the upgrading of services in Iraq by the report and its role in the Arab and regional levels.
This attended the meetings Mr. Governor of the Central Bank of Iraq.

Translated version of http://www.alsabaah.com/

(Look in the Economic folker to the left side, the one you asked for is missing or is on another screen, this is where I went to look for what you asked. Checking an couple more sites!)

Originally Posted by archangel

wouldn't it be great if the article translated into a 20 million dinar loan, divided up among all 275 members of Parliment, I think then we would all be jumping for joy.

So they could table all deals on the table and get them all to work together, drop the Federalism and other documents and work together; thus the closed door session I think, just my loud thinking!

Let's say we all knew when and how much it would reval for like the Parliament members. Would we not take out a huge home equity loan or max our credit cards to buy all the dinar that we could? Let's say that Minister Maliki said that you could only buy 20 million worth and at todays rates and a repayment plan at todays rates, would we all do it? There has to be some back door economics in this equation and I'm sure we'll see soon enough.

Originally Posted by motomachi

My papa was a mechanic and with half a brain tied behind his back, he could do better then them PHD, public school teachers, etc... My bias and not-brainwashed thoughts! But, since they fix stuff, your thoughts are appreciated and never taken lightly! Rock on HW, maybe you should have taken on AM, for Auto-Man...

Thank you for the kind words Moto.... nice to know we're not all hated

Actually I considered MM for Master Mechanic, but Hardwood's been my nickname for about 20 years....long story...has to do with being kind of hard-*ss back in the day....still am, but not quite so outspoken anymore.

Originally Posted by archangel

is it just me or this 20 million dinar loan over 3 years is really annoying me.........until we get a straight answer.

hey guys a newbie here (please be gentle)

The only thing that concerns me about this is 20 million dinar = over $20 million if the rumors of RV come true.

If i was a member of parliament id be on the first plane to dubai or amman or even further afield. $20m should be more than enough to retire on.

Yahoo! Finance Charts

Yahoo shows as if it is trading. chart has NEVER looked like this before, it is maybe updated two-three times a day at about the same times each day.

also note - last trade / change / volume / time - are blank

anyone else watch this site everyday like I do that can back me up on this?

Looks like it's trading to me Onedaysoon. Maybe wishful thinking on my part. I'm willing to except any movement at this time.lol

Originally Posted by cigarman

Let's say we all knew when and how much it would reval for like the Parliament members. Would we not take out a huge home equity loan or max our credit cards to buy all the dinar that we could? Let's say that Minister Maliki said that you could only buy 20 million worth and at todays rates and a repayment plan at todays rates, would we all do it? There has to be some back door economics in this equation and I'm sure we'll see soon enough.

This is what I was thinking also Cigarman! If these 20 mil dinar "loans" were documented at today's rates and the payments for the next 3 years to RE-pay the loan were calculated at TODAY'S rates...signed, sealed and official...They would not be liable for repayment for any additional funds EVEN IF their currency SKYROCKETED in value! (thought my little WHOOOOHOOOOO guy was in order here! lol!)

The 20 million is not split between them all it's for EACH HOUSE REPRESENTATIVE........

Originally Posted by motomachi

So they could table all deals on the table and get them all to work together, drop the Federalism and other documents and work together; thus the closed door session I think, just my loud thinking!

What if... the 20M NID loan to each member was so that they could invest those 20M NID into the ISX knowing full well that the investment would immediately boom once the FIL went through. The proceeds from the investment would more than allow them to repay the 20M NID within the 36 months regardless of the reval. Just a thought.