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Cant believe there has not been any active news in weeks, People whats up with that. I have so put the Dinar on the back burner so to speak, as Iraq just floors me with there inept or maybe corrupt government. But folk was even more surprised that no one is putting out any rumors.
STEP IT UP PEOPLE
LOL
BENZBOY
You're right. Not a lot going on.......
A Dinar dealer once told me that this a long term venture.
I now know what he meant.
please Live Free, long term investment , I could be old enough to have gone to high school with Jesus and it still wouldnt have revaled yet, oh well bed time
cya later
benzboy
Here benzboy, I put this in another thread, this is the latest. Dated 2nd July 2009
Adviser to the Central Bank: Monetary policy in the country on the verge of a new developments after the military withdrawal
Adviser said that the Iraqi Central Bank monetary policy in the country on the verge of a new developments are in favor of the national economy after the withdrawal of foreign military from Iraqi cities.
The appearance of Mohammed Saleh told the independent press (Iba) said Thursday that the official announcement of the withdrawal is a recognition of the improved security, a fact which serves the starting point of monetary policy and contribute to the enhancement of the value of the dinar against the dollar and reflected positively on the whole economic process.
The benefit of the bank's intention to develop high-technology programs during the current year and the activation of international conventions and recommendations of the Bank and Iraqi banks. Rada criticism by a number of those involved in economic affairs of monetary policy.
He stressed the need for the establishment of banks within the professional systems and mechanisms of action are far from considerations of scale and commensurate with the interests of Albullad. Stressing that economic integration, including monetary, issue of great importance to raising the living standards of international competition and citizen-based preferences.
The benefit of the Bank emphasizes the preparation of studies and research upon which these policies in the design and the professional independence and transparency, as in the case of international banks. Adding that all those keen to develop the work of banks and to preserve the gains achieved during the previous period.
The Saleh said in a press statement that concerned with the affairs of the country's monetary policy following the uncertainty in understanding the signals the monetary policy of the bank, which continued to face the cases of hyper-inflation and the deterioration of the Iraqi dinar exchange rate and through the manifestations of the imbalance of economic and social experience of the difficult country for more than three decades.
http://translate.google.com/translat...ate.google.com
Maybe some promising news here!
another week another month and another year has gone by and no reval, good thing I gave up on the soap opera years ago, if it ever revals, great if not I have the most expensive toilet paper in town, wonder what the iraquis would think of americans wiping there behinds with there currency LOL
1st round of oil permissions succeeded – MP
July 1, 2009 - 01:12:07
BAGHDAD / Aswat al-Iraq: The Iraqi government and its Oil Ministry “succeeded” in accomplishing the first round of oil permissions, despite the set price for investing per barrel of oil is low, a member of the Iraqi parliament’s (MP) economic committee said Wednesday.
“The success occurred by holding the first investment contract with two firms, one British and one Chinese,” Amira al-Baldawi told Aswat al-Iraq news agency.
“Media coverage documented the ****ution of the round that was attended by oil experts,” she said.
Al-Baldawi pointed out that the round also succeeded in encouraging foreign companies to come to invest in Iraq.
“The Ministry put a low price on investing per barrel of oil to preserve Iraq’s revenues,” she noted.
She hoped that more companies would participate in the second round of oil permissions that will start soon.
MH (P)/SR
July 1, 2009
Central Bank of Iraq Plans and Ambitions
Another important issue the Iraqi government is carefully addressing, which is setting long-term plans to accomplish efficient business targets while feeding the furnace at Central Bank of Iraq. Iraq Oil Minister Hussain Al-Shahristani unveiled his plan of raising crude oil production to six million barrels per day over the next five years. The current production rate is around 2.4 million barrels per day, nevertheless, the challenge again seems to be achievable.
”The rate of Iraqi oil exports in 2008 were one million eight hundred and fifty barrels of oil per day and this level was almost steady as a monthly average and we have ambitions to be within the 2009 budget, we seek to raise the export rate to two million barrels a day,” Al-Shahristani said.
“The media buzz about the decline in production and export is not true because the production is increasing and not decreasing, but the export is still at the same level of last year and is not at our ambition.”, said Al.
“Any contract is being concluded without the consent of the Federal Government is invalid, and the companies have no right to operate in Iraq without the approval of the Federal Government and this position will not change.”, concluded Al.
On top of that, an Iraqi oil sector dignitary declared that Iraq will reduce the oil shipments selling price in May in order to increase the purchasers from Europe, pursuant to the recently-applied policy to encourage foreign investors. Moreover, Chairman of Iraqi Oil Marketing Company (SOMO) Falah Al-Amiri stated that Iraq reduced Basra crude oil to persuade more American buyers into investing more money in the industry, which would mean pumping more money in Iraqi multi-national businesses.
July 3, 2009
Dinar Reval Foundation Of Rock Taking Formation
U.S. Forces General Ray Odierno will not say how many troops remain in Iraq but it is a sure thing that the troops have moved to outside of urban areas of major Iraqi cities. This is where the rubber meets the road for testing Iraqi’s own Military independence in Iraq.
A positive test result of maintaining and reducing the current level of violence will result in US troops leaving Iraq all together in large numbers.
What does this mean for the Iraq Dinar currency? Well, this is definitely a major event proving to Iraq and the world that they are ready for independent control of the country. The success of this event will give the Dinar a foundation of rock for entry into the World Market (Revaluation of the Dinar) The remaining question will be when will the Dinar reval and what will it open at.
“Iraq is being de-dollarized and it should be complete by Oct….If you remember, when they had to turn in the Saddam money for the new Dinar, (which we have), they had 90 days to do it. It is about 90 days till Oct. Any Iraqi that is sitting on (US) dollars will have till then to exchange them for Dinars or be stuck with some (US) money they can’t exchange in Iraq.” -Billy Giles, Dinar Research Analyst, Manchester TN USA
Researcher Billy Giles spent 3 years in Iraq has stated that in the last week of June 2009 Iraq is being forced to not use US currency with a deadline. Billy gives the deadline for October 2009, where Iraqis will not be able to exchange US currency in Iraq any longer. This is another event that will strengthen the Dinars position before the Reval.
The Dinar Reval being an event in and of itself will result from a series of small events as market conditions converge on heavily rewarding early Dinar investors. It can also be mentioned with confidence that the opportunity for Dinar is no longer as risky as it once was 5 years ago.
i've been in it since 2004....no use to throw in the towel yet..hang on guys....we made the turn....i think[hopefully]we will see some type of revel by the end of this year...IMHO...Pat
It's taking a long time for the RV and I'm not getting any younger.
lol...you and me both Ahill...i feel something is going to happen soon...because i can't see us sending any more money to this corrupt government once our troops are pulled out all together in a couple of years...so it seems logical that an RV has to happen before 2011....IMHO...Pat:ro_emote:Quote:
Originally Posted by ahill
so you guys are saying that i should wait till October before I start using my dinar for toilet paper? LOL
Look, I have a friend who is so smart he is dumb. He as well as myself have had our D-note for 5 years. Its time, but he was going to sell his. I told him I would buy them, but when they went off. He had no claim to them, but to remember that I told him to hang in there. He laughed at me being a women said I must know something. Yes ! I do we all have been sitting on our hands for so long. What is a little longer and the fact that all is stable there is a big smile on my face. Time is money, but if you wait you will get your reward and then some.
Have a wonderful day to all.
hey Benz..before you use that as toilet paper,don't forget you can probably sell it for what you paid for it...in other words,you might not have made any money....but you didn't lose any either...hang in a little longer...i think good things will happen within a year...just my opinion....Pat:cheer:Quote:
Originally Posted by benzboy
Hi bigopie,
My friend told me there's a rumor going around that it's Oct. or Nov. /09.
Is that the next 'big guess':smile::smile:
ahill
Quote:
Originally Posted by bigopie
thats as good a guess as any Ahill..Seaview had a link last week that showed the Army guys all trading American dollars for Iraqi dinars to help strengthen the economy..and that they were trying to get this in line by October....the oil and gas law is in the parliament right now and i read where an Iraqi minister said it will pass this year....all this is positive stuff....the sad thing is we all know how slow these people[IRAQI's]move....lol...that being said,I think this is the closest we have ever been to a revel..IMHO....GO DINARS....Pat:thumbsup:Quote:
Originally Posted by ahill
We have seen a lot in the past number of years. Lots of rumors, some outright falsehoods and a lot of laughs. Pat, if I sell now, I even make a little $$.. More than I can say about my retirement investments.. Maybe, just maybe we see something this year. No need to panic quite yet benz, just leave them sit in that dark corner, smell up the room and see how it all ends.. If no profit, I suspect you will at least break even and look at all the fun you have had on this ride.. God Bless us all..67
Quote:
Originally Posted by benzboy
Found this out there this morning, but I am not into rumors! But if you need one here it is!
More Speculation on the Iraqi Dinar Revaluation
Here are some interesting points to ponder that I received from a reliable source who chooses to not be mentioned on this blog.
Also, a reminder, when cashing in with a bank, just be sure that they have a currency officer there who can verify your dinar.
I would not take my dinar to any local bank and they want to send it off to verify that your dinar is official. You may not get it back and lots of things could happen with it.
The foreign currency offices in banks should have a DeLaRouge machine to officiate your currency. That’s just my thinking and I would try Chase, Bank of America or Wells Fargo.
Now, Points to Ponder:
Today in the chat, I mentioned a phone conversation my
husband had with a friend, Haroon, who now lives in KC MO but is from
India. He has been to Dubai himself many times, and he understands how
government and finance works over there.
Haroon is a “research junkie” who reads the Wall Street Journal cover
to cover everyday. To give you an example of his knowlege, he told my
husband that Nestle (my husbands employer) was going to buy Gerber 6
months before it was ever public. He also researched the Presidential
election and knew which candidate was going to win each and every state
and he was correct on all. Those are two examples of his predictions
from his research.
A couple weeks ago, about the time we were getting the same information
from medic, my husband told Haroon we were holding some Iraqi dinar.
Haroon told my husband that the RV is very soon, and that it will be
between $2-$4. The whole time Medic and Haroons information has lined
up. So I have complete confidence in everything Medic has shared with
us.
Today, my husband called Haroon and asked him about the dinar again,
knowing he knows people in Dubai himself. The following is what Haroon
stated… The reason the dinar has not had an RV is because Chapter7
has not been removed. According to chapter 7 it is against
international law to conduct business with Iraq until it is lifted. He
said all the countries that have contracts signed with Iraq cannot
legally do business there until it has been lifted.
He read an arcticle dated July 5th that stated that Kuwait is asking
the UN to lift chapter 7. He feels after his research that it is just a
formality to be lifted and will be done this week at the UN meeting.
He then proceded to explain why it would RV this Friday Sat, or Sunday
provided the lift of chapter7. The reason it will Rv on our weekend is
because Iraq feels there are more sellers than buyers of the dinar. So
they do it on a weekend to keep the transactions world wide lower than
if all world banks are open for business. So it is done on like a
rotation basis worldwide. Otherwise the dinar would plumit.
He also stated that if it is true of the 4% flucuation up or down, this
will keep the dinar stable within 4%. And how they do that is they have
countries lined up to buy or sell dinar, whichever is needed to keep it
within 4% of the original value.
He also said the reason they want to take the large denominations out
of circulation is because of criminal activity, i.e. *****, guns, etc.
He stated if it was in circulation and if you went into buy a candy bar
and a soda, they wouldn’t be able to make change for a 25K note. (That
is just an example.)
He stated their weekend is our Thursday and Friday, so if you think
about it, it does make sense about the rotation of the banks.
Haroon also feels that the RV rate will be equal to Kuwaits currency
rate right now or slightly below, but not higher. He thinks .10-.20
lower which would be 3.30-3.40.
Remember this is a rumor site, and just FYI Haroon holds no dinar. Just
a real good friend.
His information has always lined up with Medics. And they both agree on
Chapter 7.
And IMO, I feel the oil companies are probably lobbying for chapter7 to
be released as well, since they have signed contracts, but can’t touch
the oil until it is lifted according to international law.
Now this is a rumor site, and please don’t stone me if it isn’t this
Friday, but he feels it will be the Friday after Chap 7 is lifted,
whenever that may be.
Author, Anonymous
Maceman
Thanks mace. Rumor buzz engaged..LOL
i dont know if it will happen exactly like that but its as good a guess as any....or really a logical way of explaining the holdup all these years...removal of Chapter 7 might be what we have been waiting for...time will tell...good things hopefully will be happening soon...GO DINARS...Pat...ps..thanks for sharing Mace
Mace , no stoning here, and thanks for your post. Unfortunately, I dont know the date you posted this info rumor and and alot of Fridays have come and gone, so... What your saying makes sense, I didnt like the part about the big Bills though most of my notes are the 25k so... maybe Iam screwed. who knows. But thanks just the same
Benzboy
i got some 25 k notes also...but any bank should be able to break it down to smaller currency or exchange it for U.S. dollars or whatever other denominations you ask for..i dont see any problem there...IMHO..Pat
Agreed. There should be no problem concerning this.Quote:
Originally Posted by bigopie