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Aerospace

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Aerospace

Re: maryundys post# 6047

Wednesday, 04/11/2007 10:04:30 PM

Wednesday, April 11, 2007 10:04:30 PM

Post# of 29692
This is where Iraq got the $5 billion.
I would love to see the proof you have that the US fed reserve is holding dinars.
All the article says is that Iraq purchased $5 billion (which is the same as saying Iraq sold $5 billion worth of dinar) and that the money was put in the NY fed reserves bank.

There are many more articles out there about buying frenzies all over the world. Here’s just a few I found within minutes.

http://www.atimes.com/atimes/Middle_East/FF17Ak01.html
"Many people sold anything they could to buy Iraqi dinars," Mohammed al-Abyad, chairman of the Egyptian Foreign Exchange Association told IPS. "
“Many foreigners in Iraq are also buying up dinars in the hope that it will recover strongly.”

http://www.latimes.com/business/la-fi-dinar11dec11,0,771392.story?coll=la-headlines-business&tra...
Alhajji says he watched teenagers in Jordan and Saudi Arabia respond to the e-mail, buying up the currency.
"They seriously think they can gain money by buying Iraqi dinars. This has become like a fever over there,"
“At Dinar Trade in Brentwood, Tenn. (formerly Bakersfield), sales dropped off during the last few months but picked up again in the last two weeks as many of its 54,000 customers took a renewed interest in the dinar, an employee said.”

http://www.irinnews.org/report.aspx?reportid=22824
“small-time Pakistani investors and even ordinary people are flocking to currency dealers to buy the new Iraqi dinar”
“ reports of large-scale smuggling to several Gulf states as well as to South Asia”

http://www.newsline.com.pk/NewsFeb2004/economy2feb2004.htm
“The daily trading volume of Iraqi currency is still enormous as compared to other currencies.”

http://www.iraqidinars.org/158/iraqi-dinar-purchases-approved-by-israel/
“Despite Trading with the Enemy Act prohibiting trade in enemy currency, finance minister approves trade in Iraqi dinar for another year.”


I would love to see Ali’s response to this. I would love to get his estimate on the number of dinars sold.
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