Thread: Folks why are you talking about......

Originally Posted by benzboy

A good dinar buddy of mine was telling me that on some other forums, they are all a buzz about a meeting that is to take place on the 19th of Dec. Apparently the debt from Iraq to the IMF has been satified and its time for Iraq to do something about there money. However this is second handnews reported to me, but other people are looking for the rv or a reval by the end of the year, That would be incredible. not promising that it will happen or swearing its "a done deal" but this meeting is hope for big change for the Iraqi people, if I Dont get back here before, I want to wish all my dinar buddies a very Merry Christmas, YES, I said "CHRISTMAS" tierd of being PC!
Gary AKA Benzboy

Iraq Completes Early Repayment of Entire Outstanding Obligations to the IMF
Press Release No. 07/288
December 14, 2007

On December 12, 2007, Iraq completed the early repayment of its entire outstanding obligations to the International Monetary Fund (IMF) amounting to SDR 297.1 million (about US$470.5 million). The outstanding obligations of Iraq had been contracted under the Emergency Post-Conflict Assistance that was approved by the Executive Board on September 29, 2004 (see Press Release No 04/206).

The repayment was made in advance of Iraq's request for a new Stand-By Arrangement, which is scheduled for discussion at the IMF's Executive Board on December 19, 2007. Under the original schedule, the final repayment of Iraq's outstanding obligations to the IMF would have taken place in 2009.

IMF Managing Director Dominique Strauss-Kahn commended the Iraqi authorities for the implementation of their macroeconomic policies and reforms over the last several years, noting that "Iraq's ability to repay the IMF ahead of schedule reflects its strong international reserve position against a background of high oil prices."

hmmmmm maybe they wanted to look good so they can ask for a bigger sum of money when DEC 19TH comes. I dont think that the loan will be all used for a currency rv but for reconstruction and maybe some for currency reserves but what do I know. I don't fall into the hype any more. That oh yea the new SBA is comming on Dec 19th and it will and must be used for an RV...give me a break guys. I hope Im wrong. But i guess were gonna see some major changes in the comming new year. I just hope sooner than later. Tank

Days and counting!

Originally Posted by Dinar Cha Ching

Days and counting!

untill what?

Originally Posted by The Muffin Man

untill what?

Read the thread.

Three down only more to go!

Almost at the halfway point!

Halfway there! (I posted this yesterday but it disappeared).

4 to go! Sat, Sun, Mon, Tues. I read you know who is standing by his prediction.

Originally Posted by Dinar Cha Ching

4 to go! Sat, Sun, Mon, Tues. I read you know who is standing by his prediction.

And you will be asking you know who--- What happened this time?? What excuse you have now???

I won't be asking him anyhthing PO. This will turn out just like you and I know it will. I hope you don't think my little countdown means I'm an LN Kool-Aide drinker. But if he's right I'll be the first to say "Way to go Larry, I knew you'd be right".