Norton1973- and having said that, still imo way less risk than a pinky, putting your trust in a CEO that has the printing machine running 24/7. then reverse splits you out of the universe,(I'm sure everyones "been there done that") lol.

Dinar Trade up to $890/mil dinar!

1345/1343 Merry Christmas!

Announcement No.(833)

D.G. of Foreign Exchange Control

The 833 daily currency auction was held in the Central Bank of Iraq day Monday 2006 / 12/ 25 so the results were as follows :

Details Notes
Number of banks 6 -----
Auction price selling dinar / US $ 1345 -----
Auction price buying dinar / US $ 1343 -----
Amount sold at auction price (US $) 16.450.000 -----
Amount purchased at Auction price (US $) 2.900.000
Total offers for buying (US $) 16.450.000 -----
Total offers for selling (US $) 2.900.000 -----

To everyone a very Merry Christmas and happy New Year (go dinar)_ I would like to take a few sentences and put out my feelings on the past and upcoming events! I myself was involved in the (covert operations of the Gulf War as an (Army Ranger) and our units didn't have any time to involve ourselves with the local population or currency position like the current troops in Iraq. (God bless them guys and gals). We arrive there and went to the middle of the desert and stayed there. When the word go came out we kicked some serious ass and then were stopped (politicaly) and maintained positions. Having that established -this is what my experience tells me about the Dinar. As far as the Kuwait dinar- Why did it drop and come back so fast? Well you have to figure, over history during all the wars, currency goes to shitt to the country that is in shambles always. in kuwaits circumstance, the currency dropped to about $.10. You have to figure nobody (any of the citizens) had anything to spend $ on and everyone wonders how the kuwaiti dinar gained so much value back so fast. Well once the country was attacked and the value dropped, its not like anyone is going to empty the bank accounts or spend ridiculously on anything! Thier currency was already set and when the dinar reached back to its level from where it was originally at post war, then they continued life. Realisticaly the value was already established. That position cannot and should not be compared to the new Iraqi dinar position and what its performance should be! Kuwait already had a international level of there currency of where it should be due to what its worth by annual revenue etc. etc. Then when sheit cleared, the value came back in line to what was already established.

The Iraq position is totally different. They had a dictator who ran the country and printed money at the tops request (or die LOL)during the Saddam regime and then, now trying to put value on assets, increase oil output, raise currency value, and a ton of other factors that are involved. Trying to put a value on the new iraqi dinar. Talk about challenging. All the debt that was left behind and now all the debt that has been forgiven and wiped out by other countries. This country or state is sitting on a ton of black gold and thats what is going to give it its value and forcasted revenue #'s. Everyone talks about the decrease in value of the US dollar there but who gives a crap. Every 2nd or 3rd world country that has had the US dollar introduced has done nothing but make the country flourish and expand and come alive into the international markets! This is fact. Will continue-taking a break!

"deny rumors seeking 1000 dinar"
fifth para-


On the other hand, an official source in the Iraqi Central Bank denied rumors on the bank seeking to determine the rate of the dollar against the dinar at one thousand iraqi dinar.

FACT: 1 Monopoly Dollar is worth about US$ 0.000231176
It takes about 3 Monopoly Dollars to equal 1 New Iraqi Dinar, LMAO ain't that something! LOL

this was a cut and paste- just got a pretty good chuckle from it!

I guess we'll be making a lot of trips LOL!

nice read -December 23, 2006 Central Bank denies determining the price of the US dollar against the Iraqi dinar


A source in the Bank indicated that the number of banks participating in this auction amounted to 10 banks between governmental and private.


Stressing that the auction came to 1422 iraqi dinars to the dollar, and the quantity sold by the bank was fourteen million and '830' thousand dollars, while the quantity purchased by the bank was one million dollar.


The source added that the quantity sold in cash to banks and customers amounted to eight million and '820' thousand dollars, while the quantity sold for remittances outside Iraq reached six million and ten thousand dollars.


On the other hand, an official source in the Iraqi Central Bank denied rumors on the bank seeking to determine the rate of the dollar against the dinar at one thousand iraqi dinar.


Stressing that the issue of determining the exchange rate of the dollar against the Iraqi dinar is not possible, now, for two reasons: first, the reserve capacity of the bank is not absolute, and second is the factor of the price increase.


He added: observing the general trends point to higher prices in return for a lack of improvement, which makes the dollar reduction to this value impossible at the present time, in addition to the limited financial capabilities of the Bank.


He explained: that the significant decline in the dollar, directly after the fall of the previous regime, was caused by the flow of billions of dollars to Iraq and distributing them among employees as well as opening exchange and restrictions. He pointed out: that at the present time and because of the deterioration of security and the high rate of inflation, the devaluation of the dollar is not expected at all.


It is noteworthy that some economists pointed out the Bank have sought to reduce the price of the dollar against the Iraqi dinar through the monetary policy which it follows in the opening of the daily auction for treasury remittances.(Source)AlSa

http://edinarfinancial.net/news/?nn=469

you called and asked?

tcl- great ?.. honestly- I've heard bothsides yes and no and I'm not sure yet. Some will tell you it will be a capital gain and if thats the case then yes @ your particular tax bracket pay your share. But i also heard and read somewhere that exchanging foriegn currencies cash to cash no taxes. Still have to do lots off dd so we all know the real deal and whats legal and not when it comes time to sell dinar. Strongtower has done some dd on it.

Dinar from thur. 1360/1358 to 1352/1350 today- 8 points! Rockin steady boyz and girlz!

Merry Christmas Eve everyone!

Good for u norton!

GID up to $850/mil...Dinar trade @ $870-yeah BABY! LOL

Good mornin' BIG DAWGZ LOL --dang forgot no auction today!

CHECK THIS OUT-> 41 billion dollars, the volume of the budget for 2007


Iraqi Minister of Finance, Baqer Jabr Al-Zubaydi, announced that "No change in the 2007 budget, which is fixed at 41 billion dollars", but he indicated "transfers and distributions will be made so that the new budget will cover all sectors of the Iraqi people to avoid the mistakes that happened in last year's budget, and the confusion that happened in the implementation of investment projects".

After the economic committee meeting under the chairmanship of Vice-President Adel Abdel Mahdi, the Iraqi minister revealed that "new conditions are put to punish the parties who fall behind in the implementation, then withdraw the funds that have not been spent and convert them to the implementation of large projects in the country".

Regarding the amendments to the salaries of governmental employees at the beginning of next year, Azzubaidi announced: "400 million dollars have been allocated to make the necessary adjustments to the salaries of the employees. The increases would range between 50 and 70%, and each employee will get the increase he deserves, starting from the beginning of next January".

Azzubaidi pointed out that 2007budget "will be set at the rate of 1260 dinar to the dollar and 50 dollars per barrel of oil with the production of 1.7 million barrels a day". He explained that the Iraqi Central Bank "started raising interest rates from 12 to 16% now", pointing out that there are no immediate plans to continue raising interest rates.

He explained that the aim of raising interest rates is "to strengthen the Iraqi dinar, and curb the inflation of 56% now, as well as strengthening the confidence of Iraqis in the local currency".

Source: Iraq Directory

http://www.dinartrade.com/news_066.htm

Iraq oil could provide $3,500 per citizen:

A plan gaining favor in Washington to distribute Iraq's oil revenue directly to its people could put $3,500 a year in the hands of every adult Iraqi citizen, a Texas-based energy analyst said on Tuesday.

Veteran analyst Dale Steffes said his estimate was based on an oil price of $60 a barrel, $10 a barrel production costs, and the assumption that 10 million Iraqis would be old enough to qualify for a share of their country's oil wealth.

Iraq produces 2.2 million barrels of oil a day and exports 1.5 million barrels, according to the Iraq Study Group Report issued earlier this month.

Estimates for current average annual income in Iraq vary widely, but top out at around $1,500 a year.

Steffes, who has been urging the distribution of Iraqi oil money in his reports since 2004, said in an interview the best way to administer the program may be to give the money to those who register to vote and maintain a bank account, thus promoting social involvement and stability.

"Once people understand that the money is coming to them, they will want to protect that income stream and have some kind of government that can settle disputes," he said.

Opponents say distributing the money would be difficult due to logistical and corruption problems, but the idea has picked up advocates as the United States looks for ways to stop the chaos that has followed the 2003 invasion that toppled Iraqi leader Saddam Hussein.

In an op-ed piece in Monday's Wall Street Journal, two U.S. senators, Democrat Hillary Rodham Clinton and Republican John Ensign, urged President George W. Bush to form an "Iraq Oil Trust" modeled on the Alaskan Permanent Fund which gives Alaskan citizens a share of revenue produced from that state's oil fields.

"A distribution of revenues to all Iraqis would mean they have a greater incentive to keep the oil flowing, help the economy grow, reject the insurgency, and commit to the future of their nation," Clinton and Ensign wrote.

(Al Arab Online)

http://www.dinartrade.com/news_065.htm

Head of Stock Exchange Trustees: it is time to implement the Investment Law

Head of the Iraqi Stock Exchange Trustees, Talib Tabatabai, confirmed that security situation is what hinders the Stock Exchange more than anything, and it is the reason behind the considerable challenges faced by the investor... However, he pointed out that the current situation is temporary and exceptional; therefore, the performance must be maintained consistently, as illustrated by general indicators, which confirms that the development in performance continues to be a salient feature in the march of the market.

Tabatabai added in a press statement: that the investment law being not activated, its members are not appointment and working by it has not started, created a great disappointment among investors in the Iraqi bourse, particularly that efforts have been made by workers in the bourse to update its performance; electronic equipment and supplies are being installed and Stock Exchange rooms are being organized for this purpose. He added that such electronic boards are used for the first time in Iraq...

Tabatabai expressed his hope that many factors will help the investments by shareholders better than it is now. In the forefront of these factors is the security situation.

Tabatabai pointed out that the number of shares that have been circulated in the month of September amounted to 4,212 billion shares, at an average of 527 million shares in a session, registering an increase of 54, 9% on last August. As for the volume of transactions in the month of September, Tabatabai said that they amounted to 8,422 billion dinar; that is 1,052 billion dinar in a session; and the number of contracts executed in the same month, increased to reach 2928 contracts for the month of August.

Tabatabai also stated that the banking sector is the main engine of the market, as this sector has achieved greater relative importance.

http://www.dinartrade.com/news_064.htm

I'll check back in later! bye all

Yeah neno also posted the 'source' has given other info but didn't want to spill the beans yet to see how this first one went (the drop to 1360) gonna be interesting!

Create our own mergers!

odiaz28 yah! LOL neno or shot gun suzie posted that. I was lurkin and reading thru those too.

The Official Export-Import Bank of Malaysia Cancels 80% of Its Iraqi Debt

http://media.netpr.pl/notatka_70035.html

check this clip out ->http://www.cnbc.com/id/15840232?video=156657336&play=1

You got that right.

Gettin closer Rick c!

110 points is awesome and its somewhat exciting and getting more so daily -my break even point is 1316 LOL got the load @ $760. Looks like those days a prices are gone man !

Mornin' just made some coffee!

sorry,man i'm up waayy too early!

1360-rock steady!

Announcement No.(831)

D.G. of Foreign Exchange Control

The 831 daily currency auction was held in the Central Bank of Iraq dayThursday 2006 / 12/ 21 so the results were as follows :

Details Notes
Number of banks 6 -----
Auction price selling dinar / US $ 1360 -----
Auction price buying dinar / US $ 1358 -----
Amount sold at auction price (US $) 1.250.000 -----
Amount purchased at Auction price (US $) 1.500.000
Total offers for buying (US $) 1.250.000 -----
Total offers for selling (US $) 1.500.000 -----

7 dinar drop.

~1373~ Announcement No.(830)

D.G. of Foreign Exchange Control

The 830 daily currency auction was held in the Central Bank of Iraq day Wednesday 2006 / 12/ 20 so the results were as follows :

Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1373 -----
Auction price buying dinar / US $ 1371 -----
Amount sold at auction price (US $) 22.230.000 -----
Amount purchased at Auction price (US $) 2.500.000
Total offers for buying (US $) 22.230.000 -----
Total offers for selling (US $) 2.500.000 -----

WOW GID assoc. raised price from 780 to 820 for 1 mil. dinar!

dinar bid/ask lol....1378/1380 yeah baby!

Announcement No.(829)

D.G. of Foreign Exchange Control

The 829 daily currency auction was held in the Central Bank of Iraq day Tuesday 2006 / 12/ 19 so the results were as follows :

Details Notes
Number of banks 8 -----
Auction price selling dinar / US $ 1380 -----
Auction price buying dinar / US $ 1378 -----
Amount sold at auction price (US $) 10.605.000 -----
Amount purchased at Auction price (US $) 10.880.000
Total offers for buying (US $) 10.605.000 -----
Total offers for selling (US $) 10.880.000 -----

ema-266 yes and PLMA ready for 2nd leg up! chart->

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=plma&time=&freq=

Mornin- ~yawn~ uggh need coffee!

Morning all! dinar another 12 points drop/us dollar