Ok well I was talking to a friend of mine named Altaie who lives in Egypt but is from Iraq. His brother works for the UN here in NYC. Altaie tells me that the Minister of Finance was here in New York yesturday or a few days ago and told his brother that they are trying to get the dinar to $1:1000 Dinar in the next 2-3 years and then they will take off the zeros and make a new currency. So 1000 dinar will be like a $1 bill.I dont really know how credible this information is because this guy could just be lieing but take what you want from it.
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25-04-2007, 07:09 PM #1
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No Revalue? Word From Minister of Finance?
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25-04-2007, 07:22 PM #2
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just cannot happen that will not help out Iraq one bit
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25-04-2007, 07:25 PM #3
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Nobody knows the outcome untill we actually see it on CBI.
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25-04-2007, 07:25 PM #4
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is he sure it was the minister of finance? I think he was in saudia arabia, kuwait and now dubai with maliki the last week or so? i could be wrong......gonna check it out, lol hoping your friend is wrong
it can be said for all investors from the Arabs and foreigners, you enter now for it will be a golden opportunity for you.
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25-04-2007, 07:27 PM #5
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It would though...
It would help Iraq.... Their would be less currency in circulation and it would make it easier for them to have a higher valued currency. Right now all that talk about how people are poor and starving there is bs. The salaries were raised so now iraqis have money. I just dont understand this reval anymore... Anyone care to shed some light?
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25-04-2007, 07:28 PM #6
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No MP would give out info like that, well, truthful info. And anyway Bush needs payback asap, 2 to 3 years gets the big BS Flag.
Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.
Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.
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25-04-2007, 07:29 PM #7
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hmm, ok, he was in washington for that big meeting with world bank
it can be said for all investors from the Arabs and foreigners, you enter now for it will be a golden opportunity for you.
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25-04-2007, 07:30 PM #8
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Adster....
Adster, this is IRaq though think about how the politicians over there act. They arnt as smart as US Politicians in some sense because they slip information easily. Look at the reshuffle and all this stuff that they do? Then think if it is possible that they could have slipped.
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25-04-2007, 07:31 PM #9
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Is it possible to have a lop if you are a WTO member?
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25-04-2007, 07:32 PM #10
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LOL, i'm going with the rumor knowles posted about the jordan dinar, and soon the iraq dinar.....my brain can't handle this one!
it can be said for all investors from the Arabs and foreigners, you enter now for it will be a golden opportunity for you.
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