There is obviously a media black out on the HCL! No news even regarding it being debated in parliament! Strange! Very Strange! What does everyone make of that?
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There is obviously a media black out on the HCL! No news even regarding it being debated in parliament! Strange! Very Strange! What does everyone make of that?
My gut feeling says its has been passed and passed for awhile what we could be waiting for is voting on ammendments or something like that! All along we could have just been waiting for the Retirement law to be passed which it has and debt to be finalised! So wards date of the 17 could be right if it is not we are not far away!
Well, at least i tried. Just googled "hydrocarbon law." all old news. Nada new stuff.
Ward, I've been reading your posts for over a year now. While always positive and well researched, this is pretty strong. Can't say I don't like it!
http://eclectech.co.uk/b3ta/thumbsup-ru.jpg
Hi,newbie here. just can"tunderstand what"s the holdup? go for the17th!
by the way can someone direct me to the introduction thread,i saw it once and now i can"t find it.:waiting:
thanks!
Maybe something, maybe nothing.:blueh:
Sorry - I didn't type 'sorry' - it came up automatically - it's the ISX Website.
We'll have to wait and see.:waiting:
Could be news coming.:woohoo:
Hey Jr. If you want to come to dinner come over to the Chit Chat thread, but if you can't handle the heat youhave to get out of the kitchen. No really lots of interesting threads, the most frequent ones pop up all the time at the top of the list. If you dont like rumors stay away from them and only go to the news and speculate for yourself. We are a fun family here so welcome! and enjoy reading and researching, (thats what you will end up doing after a while any way). Again enjoy and Welcome.:thumbsup:
Thanks alot see you there some other time i gotta go to work right now so i'll be back later. bye guys i appreciate the help.
Thanks for he warm welcome. http://www.htmlblock.co.uk/anon.php?...milies/new.gif :new: I'm just passing on what I have heard, according to which, they plan to replace the current dinar in order to reduce the amount in circulation.
I'm not sure, but I think what you are referring to is that the Iraqi government is pulling the large denominations out of circulation and printing smaller denoms to go in their place, thus making their money worth more. There is someone who posts on here quite often with "The more they take, the more we make" on their posts regarding this. But, they are not reprinting all their money, or negating the money that they have right now.
Oh, by the way, Welcome.
OS, imho, giving a raise of hypothetically, 50% to the estimated 26,000 Iraqi oil workers would have zilch effect on inflation and would not drive the economy into the dirt. The GoI could use some of the dinar brought in from the daily auctions to cover the salary increase and would not necessitate printing a 'boatload of dinar'. I know we all want a reval / reversion of the dinar but maintain a rational thought process and avoid working yourself into a frenzy. I believe that Maliki and his band of buffoons must show their citizens and the world significant reforms and legislation in the next 60 days or risk implementation of the 'salvation government'. Maybe this oil strike threat will trigger something bigger and better. After 3.5 years, I'm ready.
Thank you. To bwgin I would like to apologize for the wording in my first post but right now I am somewhat down on the dinar. I hope you are correct as I am heavily invested but I am hearing otherwise. I have heard that they plan on introducing a new currency soon to replace the dinar. I am told that the replacement currency has already been printed and as proof of this the serial numbers on the current dinar begin with the second letter in the arabic alphabet and the serial numbers on the replacement currency will begin with the first letter in the arabic alphabet. According to what I have heard the replacement currency was printed at the same time as the NID or very soon after. I really hope this is not true but my information comes from very trusted sources. thank you all again and let's hope tomorrow brings us what we want!
My vote is a reval on 7/7/07 @ .77 buy rate.
Sunday, June 10 2007, 10:36 AM, Iraq time, at a rate of $3.54
I seriously doubt this scenerio man. Primarily because if Iraq did do this it would be considered fraud and on an international level at that. We here in the U.S. are not the only people investing in this country's future, nor is our government the only government involved in the financial future of Iraq. It would seriously cripple their ability to do business on any type of scale if they abandoned everyone who has given aid, and then run away with all the money that has been invested. Could it be done??? Probably, but it would be a slow suicide for Iraq and their people if they did.
You are probably right, it is widely believed that new notes will replace the current ones (at least the largest denominations) and that these notes were printed at the same time as the others. However, the new notes are supposed to be the lower denominations as there will be no need for 5000, 10000 or 25000 dinar notes after the reval. How often do you see a $10000 note these days?
doesnt matter if they print new bills and or denominations they have honor the currency they have now. I agree to do other wise would be fraud on an international level
benzboy
Ok, we saw tenders listed on the cbi site for, wrapping, counting and counterfeit detection......but i didn' see one for printing:banana: soooo, i'm gonna go with as usual, no reprinting...I do wonder though, those tenders, combined with the isx updating, could they equal something absolutely positively deeeeeeeeeeeeeeeeeeeelishus??:cheer:
PAn8Tv
There is no link that 2loan4u can provide, this is another BS story set to start feuding and fighting again in the forum…..People in the know with this type of information have certain types of clearances and dedication to their job (most likely making a nice income too), and I doubt that they would jeopardize their job or position they hold with a company or a government just so a friend or family member can have the information (which can and will be traced back to them)….this is not petty information, like placing a bet on a long shot, but is highly classified information and will most likely be dealt with in that way……there is no reprint, IMO if that were to happen, the dinar would loose what value and status it now has, and the currency of Iraq would be under scrutiny, by other counties doing and wanting to do business with Iraq …….also the 2loan4u join date bothers me, with this type of post, most newcomers start off asking questions, not posting such info......"Soon... but not until after the reprint"...(baiting IMO)....why not give the information for his/her comment right off the bat......
I have only been following this web site for a few months now. However, I have noticed that this section is well named…
Most of the information that I have received comes from sources in Iraq and/or from contacts between the two. This aside, I have heard higher RV amounts with what I would label a rumor that after the RV that there will be a 4% freeze on the ID for the 1st year. If this is true it would kill any rally like the Kuwaiti Dinars.
Right now we have a pool (buy in is $500 each) for this month. Winner takes all if the RV goes through. I for one would love to lose the $500 just to have them come home to mama this month!
DesertWolf
June 10th, 2007 would work for me Deepfreeze. Our 35th wedding anniversary. We could really celebrate.