Iraqi Dinar Discussion Board

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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/