Thread: New Info....for anything here. Taxes, Chit-Chat, Whatever.

Originally Posted by Bubba Dinar

Believe me, the Kuwaiti's will never let Iraq Currency to come International with less value that their own! That would undermine Kuwait economy...

Is this your opinion, or is there something you want to present as backing for your claim?

Originally Posted by EJAMM

Ok lets start with GDP per capita.
Kuwait Ranked #52 in the world at $ 21,600 (per person)
Iraq Ranked #161 in the world at $ 2,900 (per person but probably a little higher in 2007 but not even close to Kuwait)

https://www.cia.gov/library/publicat...rderguide.html

Originally Posted by Bubba Dinar

Believe me, the Kuwaiti's will never let Iraq Currency to come International with less value that their own! That would undermine Kuwait economy...

I will assist you with your side of the debate.

In 1980 what was the exchange rate?

In 1980 what was the GDP per capita? (Keep in mind it was 1980 USD)

In 1980 what was the foreign exchange reserves? (Again 1980 USD)

In 1980 what was the oil production?

You can find some of the answers here:
GDP: GDP per capita, current US dollars

Originally Posted by jedi17

new message at isx site
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Page or file is outdated, renamed, moved, or does not exist.
You typed the address incorrectly, like http://www.example.com/pgae.html instead of http://www.example.com/page.html
Please contact your webmaster if you are not sure what goes wrong.

Is this the ISX being updated or something new?

Iraq: Financial Position in the Fund
as of April 30, 2007

Summary of IMF members’ quota, reserve position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and monthly historical transactions with the Fund.

I. Membership Status: Joined: December 27, 1945;Article XIV II. General Resources Account:SDR Million%Quota Quota1,188.40100.00 Fund holdings of currency1,314.41110.60 Reserve Position171.1014.40 Holdings Exchange RateIII. SDR Department:SDR Million%Allocation Net cumulative allocation68.46100.00 Holdings290.49424.29
IV. Outstanding Purchases and Loans:SDR Million%Quota Post-Conflict Emergency Assistance297.1025.00
V. Latest Financial Arrangements:Date ofExpirationAmount ApprovedAmount DrawnTypeArrangementDate(SDR Million)(SDR Million) Stand-By Dec 23, 2005 Sep 28, 2007475.36 0.00
VI. Projected Payments to Fund 1/ (SDR Million; based on existing use of resources and present holdings of SDRs): Forthcoming 2007 2008 2009 2010 2011 Principal

148.55148.55

Charges/Interest
12.2212.634.420.000.00 Total
12.22161.18152.970.000.001/When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.

VII. Implementation of HIPC Initiative: Not Applicable
VIII. Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable
Prepared by Finance Department
Kuwait: Financial Position in the Fund
as of April 30, 2007

Summary of IMF members’ quota, reserve position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and monthly historical transactions with the Fund.

I. Membership Status: Joined: September 13, 1962;Article VIII II. General Resources Account:SDR Million%Quota Quota1,381.10100.00 Fund holdings of currency1,279.2092.62 Reserve Position101.917.38 Holdings Exchange RateIII. SDR Department:SDR Million%Allocation Net cumulative allocation26.74100.00 Holdings140.03523.60
IV. Outstanding Purchases and Loans: None
V. Latest Financial Arrangements: None
VI. Projected Payments to Fund 1/ (SDR Million; based on existing use of resources and present holdings of SDRs): Forthcoming 2007 2008 2009 2010 2011 Principal





Charges/Interest

0.000.000.000.00 Total

0.000.000.000.001/When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.

VII. Implementation of HIPC Initiative: Not Applicable
VIII. Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable
Prepared by Finance Department
Lets look at comparing the two... It seems to me that Iraq is not sitting to bad. I cant imagine what they can generate when things start to improve and the oil starts pumping. I would like to get others take on the this. Also researching the total reserves held by Iraq in the IMF from 1985 to current, their recerves have increase astronimically in the past 5 years......go figure..... Some great info out there people just take a look at the IMF site under country date and statistics.

I hope this post OK so you can read!
Cash OUT!

Oh look at the article on the top right of Iraqs file and it refers to the Special Drawing Rights. This could be why we have just recently seen their reference to SDR on the CBI.

It's coming folks...............

Sorry it completely changed the format of the document and is rather hard to read now......

Originally Posted by cashNsoon

Sorry it completely changed the format of the document and is rather hard to read now......

A little something about quotas:

When a country joins the IMF, it is assigned an initial quota in the same range as the quotas of existing members considered by the IMF to be broadly comparable in economic size and characteristics.

Factsheet - IMF Quotas

February 28, 1984 ---- 504,000
September 24, 2004 -- 1,187,980

A large jump in the IMF Quota. If you research Kuwait, you'll find the quota is approximately the same size.

Originally Posted by cashNsoon

Iraq: Financial Position in the Fund
as of April 30, 2007

Summary of IMF members’ quota, reserve position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and monthly historical transactions with the Fund.

I. Membership Status: Joined: December 27, 1945;Article XIV II. General Resources Account:SDR Million%Quota Quota1,188.40100.00 Fund holdings of currency1,314.41110.60 Reserve Position171.1014.40 Holdings Exchange RateIII. SDR Department:SDR Million%Allocation Net cumulative allocation68.46100.00 Holdings290.49424.29
IV. Outstanding Purchases and Loans:SDR Million%Quota Post-Conflict Emergency Assistance297.1025.00
V. Latest Financial Arrangements:Date ofExpirationAmount ApprovedAmount DrawnTypeArrangementDate(SDR Million)(SDR Million) Stand-By Dec 23, 2005 Sep 28, 2007475.36 0.00
VI. Projected Payments to Fund 1/ (SDR Million; based on existing use of resources and present holdings of SDRs): Forthcoming 2007 2008 2009 2010 2011 Principal

148.55148.55

Charges/Interest
12.2212.634.420.000.00 Total
12.22161.18152.970.000.001/When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.

VII. Implementation of HIPC Initiative: Not Applicable
VIII. Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable
Prepared by Finance Department
Kuwait: Financial Position in the Fund
as of April 30, 2007

Summary of IMF members’ quota, reserve position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and monthly historical transactions with the Fund.

I. Membership Status: Joined: September 13, 1962;Article VIII II. General Resources Account:SDR Million%Quota Quota1,381.10100.00 Fund holdings of currency1,279.2092.62 Reserve Position101.917.38 Holdings Exchange RateIII. SDR Department:SDR Million%Allocation Net cumulative allocation26.74100.00 Holdings140.03523.60
IV. Outstanding Purchases and Loans: None
V. Latest Financial Arrangements: None
VI. Projected Payments to Fund 1/ (SDR Million; based on existing use of resources and present holdings of SDRs): Forthcoming 2007 2008 2009 2010 2011 Principal





Charges/Interest

0.000.000.000.00 Total

0.000.000.000.001/When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.

VII. Implementation of HIPC Initiative: Not Applicable
VIII. Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable
Prepared by Finance Department
Lets look at comparing the two... It seems to me that Iraq is not sitting to bad. I cant imagine what they can generate when things start to improve and the oil starts pumping. I would like to get others take on the this. Also researching the total reserves held by Iraq in the IMF from 1985 to current, their recerves have increase astronimically in the past 5 years......go figure..... Some great info out there people just take a look at the IMF site under country date and statistics.

I hope this post OK so you can read!
Cash OUT!

Oh look at the article on the top right of Iraqs file and it refers to the Special Drawing Rights. This could be why we have just recently seen their reference to SDR on the CBI.

It's coming folks...............

Thanks for the research, you definetly know how to dig

Originally Posted by oldskiier

NEW !! Regarding the Iraqi Stock Exchange.
I have received information that the Iraqi Stock Exchange will begin 2 session trading starting Monday 6/11/2007

I was told there will be a morning and afternoon session each at 3 hours per or 6 hours daily. I am guessing this will also be the start of 5 day trading but this was not confirmed. Let's see what pans.

Good luck.


Got this off another site ...anyone else here anything like this ????
__________________

Did the poster mention where they got this info? If true, then it sure sounds good to me. As long as the rv has to happen before the opening. Sure hope so!

Originally Posted by oldskiier

I've try to find out ...s till no answer ...but it did come from a very good member..of another site .....but will still try to find out :)

Thanks Skiier, much appreciated. Did you take a look at Seaview's link? It definitely says that 14 new denominations were printed, but does not say when they were printed. As far as I can tell, it was before 2006 and includes the notes will all hold. Some one smarter than me needs to take a look. It also mentions the ISX, but nothing significant that I can tell. Can't read the whole document, just the first page..

Originally Posted by readytogo

Thanks Skiier, much appreciated. Did you take a look at Seaview's link? It definitely says that 14 new denominations were printed, but does not say when they were printed. As far as I can tell, it was before 2006 and includes the notes will all hold. Some one smarter than me needs to take a look. It also mentions the ISX, but nothing significant that I can tell. Can't read the whole document, just the first page..

Interesting,

The earliest bank link on 14 denoms being printed was first found in Feb. 2005 as I recall, in fact, it was reposted not long ago when this same argument resurfaced. (g)

Good luck and health to all, Mike