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yeah....I know...dead but it's all I do...should be ok for new year
I think that it it easy to feel defeated in light of recent releases by the Iraqi govt.They are puppets right now...come on!!! To those of you who are traders just look at the exchange rate as manipulation right now on behalf of those who want us to believe that we are sunk...I look at it as a fake wall...a backwards pump if you will to create non believers..fine with me, I trade for a living and I don't believe what I'm hearing in a negative sense when it comes to the Dinar....I'll keep adding and waiting till the bs and the weak hands are shaken out.....millions BABY....FUGGETABOUTITTTT !!!!!!!!
I think the Dong is gonna surprise everyone. I bought 25m @ 6 mos ago and I heard that it will appreciate quickly. My son is 6 this week and for the money I spent he should be well taken care of by the time he goes to college. If it blows up sooner ...great...I think it goes very soon...imo
Merry Christmas all you dinar junkies....lol
Keep the Dinars in deposit box and cash it in as needed at least for a part of it...lol
lol, I don't even know where to find it now...sorry
A little info from another site...summary..read this:
US approval of Saddam's oil law.
Shahristani in talks with BP and Shell. Other companies have gone in under this law plus at least 5 big deals done with the Kurds and their oil law
SBA to expire 28 December, meeting 19/12 to tell us one way or the other........
Debts still outstanding to Kuwait and Saudi.
HCL still months off..............
Debaath still being argued out........
ISX reopening 3 January.
Article stating 25, and 100 coins will be pulled out and replaced with 25, 50 and 100 notes. Exchange dates will be 3 Jan to 31 Jan...............(speculation)
Article stating CBI intend to put the dinar at 1000 to 1 imminently.
Article denying this is their intentions! Totally done a u turn...........
Lower denoms printed by De La Rue and shipped out up to 4 months ago.......(My info, am 110% on this, but we'll put this in the speculation bracket.)
ISX going electronic imminently..........
Auctions and very low amounts regularly. Banks are turning down the guaranteed treasury bills giving 21% interest in favour of holding onto their dinar. This was NOT the case a month to 2 months ago.
Recent articles from Jabr and CBI regarding lopping the dinar. Denied a couple of days after.
Goldman Sachs reiterating $105 per barrel sometime in '08, with an average of $84 for the year.
(U.S. Treasury Secretary was Goldmans CEO unitl May 2006)
Lehman Brothers predicting upper 80s per barrel average for '08.
(George Herbert Walker IV (President Bushs 2nd cousin) left Goldmans in May 2006 to become Global Head of Lehmans Investment Mgmt. Division
We have Goldman Sachs presentation at the 2007 Merrill Lynch Banking and Financial Services Investor Conference on November 13th 2007.
We have John Thain, former head of the NYSE (before that Goldman Sachs alum) being named the head of Merrill Lynch on November 13th 2007.
On November 14th 2007 Merrill Lynch announced it was moving to an Overweight position on Iraqi external debt in its model portfolio.
Declaration of Principles for a Long-Term Relationship of Cooperation and Friendship Between the Republic of Iraq and the United States of America
Activation of the ICI International Compact Iraq
Iraq Completes Early Repayment of Entire Outstanding Obligations to the IMF
The CBI's new 75% Reserve requirement for all Iraqi banks, effective 09/2007
On July 29,2007 they recalled Resolution 661 with resolution UNSCR 1762
and this Gave Iraq its Total Sovereignty Back
GOI has appointed DPM Barham Saleh as the ICI Committee Secretary
CBI now independant to the GOI
Condi Rice currently in Iraq 19/12.
31/12/07 Removal of Economic Santions on Iraq
On October 23 the World Bank had said the CBI appreciation of the dinar would slow/stop...and it has (stated on page 5 in [brackets] lower left corner).
I believe it ties in with the Rebase and Coins for Paper Notes announcements.
http://siteresources.worldbank.org/I...Report2007.pdf
As we all know...14 Denominations of new currency printed...only 9 in use.
http://www.cipe.org/regional/mena/ir...nopsis_ep6.pdf
And lastly...
2007-12-08
IQD notes:
No intention to issue IQD 100,000 note, says ministry
Baghdad (NINA)- The Ministry of Finance has denied the news suggesting the Central Bank of Iraq's intention to issue a 100,000-Dinar notes. A ministry source said Saturday that the news, spread among local currency brokers that the CBI intends to issue a 100,000 Iraqi Dinar notes, are untrue and "aims at impeding the economic activities." The monetary policy of the Central Bank and of the government in general drive at reducing the rate of inflation in the economy, said the source. / End
http://www.ninanews.com/ninaIInew/in...2<br /> <br />
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Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.
Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.
The central bank has said it no longer has a fixed target for the value of the dong for the end of 2007, but it would ensure the dong's value is on par with other currencies.
http://www.marinador.webeden.co.uk/
Update on IMF meeting:
IMF Executive Board Approves US$744 Million Stand-By Arrangement for Iraq
Press Release No. 07/301
December 20, 2007
The Executive Board of the International Monetary Fund (IMF) has approved a successor Stand-By Arrangement for Iraq for an amount equivalent to SDR 475.36 million (about US$744 million). Prior to the Board's approval, Iraq cancelled the current Stand-By Arrangement, which was approved by the IMF's Executive Board on December 23, 2005 (see Press Release No. 05/307) and extended on March 12, 2007 (see Press Release No. 07/48) and on August 1, 2007 (see Press Release No. 07/175). The successor arrangement is designed to support Iraq's economic program over the next 15 months through March 2009. The Iraqi authorities intend to treat the arrangement as precautionary.
Following the Executive Board's discussion of Iraq, Mr. Takatoshi Kato, Deputy Managing Director and Acting Chair, stated:
"The Iraqi authorities have succeeded in keeping their economic program on track in 2006-07, despite the difficult security and political situation. The tightening of monetary policy and the appreciation of the dinar—along with the maintenance of fiscal discipline and the measures to reduce fuel shortages—have led to a sharp reduction in inflation. Direct budgetary fuel subsidies have been eliminated, except on kerosene, and private fuel imports have been liberalized. The recently enacted amendments to the pension law have made the pension system fiscally sustainable. A new chart of accounts and budget classification have been adopted and the payments system has been modernized.
"Although the security situation has showed signs of improvement in recent months, it remains a major obstacle for investment and reconstruction, hampering oil production and economic growth. Also, much remains to be done to modernize financial management of the government and the central bank, and to reform the banking system.
"The authorities' program for 2008 aims to allocate resources towards investment, including in the oil sector, and to improve the provision of public services, while containing current government spending, notably on the wage and pension bill. The program—which envisages an increase in economic growth, a further reduction in inflation, and an increase in net international reserves—will also encompass priority structural reforms, including actions to strengthen administrative capacity and governance.
"The authorities intend to press ahead with structural reforms, including measures to modernize public financial management, complete the census of public service employees, and restructure the two largest public banks. They are determined to avoid the re-emergence of direct fuel subsidies, and plan to develop a rule-based mechanism of adjusting domestic fuel prices. To strengthen governance in the oil sector, the implementation of a comprehensive oil metering system should be finalized as soon as possible. In addition, a new hydrocarbon law needs to be put in place to facilitate investments in the oil sector.
"The Central Bank of Iraq (CBI) will continue to strengthen its accounting and reporting framework by implementing the recommendations of the Fund's Interim Safeguards Assessment Report and the Ernst & Young audit of its 2006 financial statements. The central bank also aims to expand the coverage of the payments system, strengthen the supervisory framework for commercial banks, and adopt reserves management guidelines.
"The authorities' efforts to settle arrears and conclude debt agreements with private and official creditors are commendable. However, further progress is needed to resolve the remaining non-Paris Club claims," Mr. Kato said.
Background
The main objectives of the new program are to maintain macroeconomic stability, facilitate higher investment and output in the oil sector, and move forward with key reforms that were initiated under the previous arrangement. The 2008 program envisages an increase of oil output to 2.2 mbpd, and overall GDP growth to reach 7 percent. Annual consumer price inflation is targeted to decline to 12 percent in 2008. The net international reserves of the CBI are expected to increase to about $34 billion by the end of 2008.
The 2008 government budget makes room for sizable investment while maintaining fiscal sustainability and continuing to avoid direct fuel subsidies, except on kerosene. External debt sustainability would be achieved when the third tranche of the Paris Club debt rescheduling (20% in Net Present Value terms) is triggered upon completion of the final review of the proposed SBA by end-2008 and further progress is made in rescheduling the remaining debt from non-Paris Club official creditors on comparable terms.
Key structural reforms under the program include the strengthening of public financial management and the accounting framework of the CBI; the restructuring of the two largest public banks; and strengthening governance in the oil sector.
Iraq joined the IMF on December 27, 1945. Its quota is SDR 1.188 billion (about US$1.860 billion).
HEGP man let it go already....
HEGP good rebound/shakeout
HEGP nice rebound
anyone else hear about IMF meeting sometime today?
Its my brain,contacts and all the logic I can throw at this. I don't know what else to say...party on? lol
vodka...lol vodka good!
22 tr is the # I got from a govt source. I wouldn't put it out there if I didn't believe it to be true. I own a bunch of Dinar but I have no reason to mislead anyone. These were the facts that I was given and thought I should pass on. There is lots of speculation and rumors all over the place and I've carefully read everything on this board and I've done all the due dilligence I can and I've come to the conclusion that the ONLY logical outcome for all this is what I've heard from my US Govt contacts....Of course it helps that it's something that I would love to see happen..hope it's true.
I hate to be redundant but "HELLO McFLY" the US govt is in control. They own crap-loads of Dinar. There will be no lop. Makes no sense for OUR country. The US govt IS pushing for RV and will get it. Nothing else will be acceptable to be reimbursed for all this war expense. Theres NO way the US will not come out ahead by miles. It's Bush's only chance to cash out the war and the deficit and walk away a winner. This comes from a very close source in the US Treasury Dept. We should form a country club after this is over for Dinar millies only....Hang in there...IMO we're solid gold right now...
AFFN put it on radar for tom. heard some tings
US has more than 22 trillion dinar. 1 Bil doesn't even scrape the surface as to the war cost. Bush walks away a champion because of the dinar. Why do you think we're there? It's all about money and oil and I believe that the investors of dinar will reap the benefits along with US govt. Nothing else seems to make sense....jmho
The one thing I remember is that the US is heavily fortified in the Dinar so it will NOT let itself get screwed by a lop....just rediculous to think we would go for it...not going to happen imo. Must be revalued in order to keep US happy.
1219 Market value? feel like I'm looking at a fake wall on a manipulated stock. Poker faces? hmmmmmmm Just added another mill for craps and giggles...
0003's going now MHII sweet
MHII volume incredible here.....still pouring in
MHII vol sick and cheap here imo
MHII wowsa
MHII look at the vol...nice
HEGP above ave vol so far
HEGP above ave vol so far hmmmm
Good research guys...very informative...goooo Dinar !!!!!!
Whats it got to do with adding Dinar?
Last week Sebastian River Holdings added another 100m Dinar to their portfolio adding up to 235m. They know somethings up and they get the Dinar from Ali.
Exactly!!!! the quieter the better...can you imagine the storm when and if it all happens at once? KAOS
Just barking different signals to avoid a blitz?
AWESOME.....This is gonna blow soon
C bank of Iraq website doesn't show it
I know THAT lol where can I find it?
Where did the 1053 come from? just curious
SBRV announces law suit against E*TRADE....nice
BSLM could go here now that mm moved
BSLM upticking now...good volume for 45min
BSLM nice volume so far