Truck and Barter

U.S. Troop Levels in Iraq May Decrease
Monday, April 11, 2005

WASHINGTON — Senior U.S. military commanders have become so pleased with events in Iraq that they expect troop levels (search) to drop to about 100,000 by early next year, depending on the persistence of the insurgency and local security-force training, defense sources confirmed to FOX News.

"We're hitting our goals," one senior U.S. commander told FOX News, adding that the military did not want to be overly optimistic about developments in Iraq.

Sen. Norm Coleman (search), who recently visited Iraq and talked with Gen. David Petraeus (search), the top American military trainer in Iraq, said Iraqi security forces were taking more of a lead role in protecting their country, with American forces shifting to the background.

Coleman acknowledged that there was still work to be done.

"It's not an exit strategy, it's a success strategy," said the Minnesota Republican. "Success is this vision that I talked about — Americans embedded with [an] Iraqi army that is on the front line dealing with a policing operation and dealing with military operations and wiping out insurgency."

The possible troop-level reduction was first reported Monday in The New York Times. U.S. officials said that as more Iraqi troops have taken the front lines against the insurgency, more Iraqi civilians and politicians have cooperated with multinational forces.

But no official would give a precise timetable about when American forces would withdraw or how many troops would be involved.

http://www.foxnews.com/story/0,2933,153065,00.html

A new thread a new promise.

Let's keep the information flowing.

Regards

GULF COOPERATION COUNCIL

Posted on 07 April 2005

Ibrahim al-Jaafari Iraq's new prime minister

(IANS News) Baghdad: Ibrahim al-Jaafari, head of the Shia Islamic Dawa Party, was Thursday named Iraqi prime minister by the new presidential council, reports Xinhua......

http://www.newkerala.com/news-daily...llnews&id=94909

Now put that together with this article...

Iraq Seeks GCC Entry

Associated Press, Arab News

KUWAIT CITY, 7 December 2003 — A member of Iraq’s Governing Council said yesterday that his country wants to join the six-nation Gulf Cooperation Council and has the right to belong to the regional organization.

Ibrahim al-Jaafari, a member of the US-appointed Iraqi council, made the statement two weeks before a summit meeting of GCC leaders is scheduled in Kuwait.

“We believe that the new Iraq has to be a member of the GCC,” Al-Jaafari told reporters on the sidelines of a conference on Islamic groups and political reform. “(Iraq) doesn’t only have the right to belong, it can also offer strong backing and support for the Gulf countries.”

The council groups Kuwait, Saudi Arabia, Qatar, Bahrain, the United Arab Emirates and Oman. Iraq was never a member, but it was represented in some of the GCC’s cultural and sports organizations.

Iraq’s ties to the organization were cut when President Saddam Hussein ordered the invasion of Kuwait in 1990 and the Iraqi Army occupied the country for seven months. A US-led coalition liberated the country in the 1991 Gulf War.

“Iraq is a country that overlooks the Gulf, this is a truth... it is actually an Arab Gulf country,” Al-Jaafari said. If the regime of Saddam Hussein was an obstacle, it is gone now, he added.

Al-Jaafari said he has discussed this with all Gulf states and “found nothing but positive positions.” Ties between Kuwait and Iraq were severed until the United States and Britain invaded Iraq and removed Saddam from power in April.

PLEASE READ!

If the above is true and Iraq joins the Gulf Cooperation Council. The Forex market will be jumping with all of the World Oil Countries now in charge. I would venture that the common currence of the GCC would be the most expensive in the land.

Sporter,

I'm assuming that the Saudi Riyal is the currency with the highest value to the dollar. If these countries unified their currency are you suggesting that the NID would immediately be equal to the Saudi Riyal?

And if so, would the other countries be able to assist Iraq with all the american dollars that are going to leave the country when we all cash in and call Terrance to book our tickets to Hawaii? :)

I think that is what you are suggesting, but I wanted to make sure.

Dave A

Sporter.. the article you quote:

Iraq Seeks GCC Entry
Associated Press, Arab News

Would you please post the URL to it, too?
Not that I am not taking your word for it..
I just like the actual reference, please.
Thanks!
Sara.

HELLO ALL
CHECK THIS OUT.
HTTP://NEWS.CHANNEL.AOL.COM/
MILITARY SAYS IT HAS IRAQ"S NORTHERN INSURGENCY"ON THE ROPES"
GETTING A GRIP ON MOSUL
AN AMERICAN COLONEL SAYS ATTACKS HAVE DROPED IN RECENT WEEKS BECAUSE THE LOCAL POPULANCE IS TURNING ON INSURGENTS IN THE RESTIVE CITY.
ABOUT 250 TIPA A DAY.
I TYPE BY ONE FINGER ONLY,AND THERE IS TO MUCH HERE SO YOU MUST READ TO SEE WHAT I AM SAYING.
ABOVE SITE.GOOD LUCK TO ALL ON NEW POST,THANKS KEVIN RON

What in tha Hel-?
24 hours to get tank of gas in Iraq. You thought it was because they just didn't have enough to go around didn't ya?
Wrong!!
It seems the government in its effort to keep the gas price down so everybody could afford it has created another major problem, which as caused the gas shortage to the general public. Go to the gas station and the cost is .o1 per litre USD.
It seems the gas station owners can pump the gas into a transport truck and sale it on the black market for 100 to 150 times that.
They presently do not have any checks and balances in place to control the gasoline black market, so the shortages will continue for a while.

HALLABURTON JUST LOVES OLE UNCLE SAM!!
I would too if I could sale $82,000 worth of cooking oil for $27.5 million. Sorry Folks the check has already been written.
That little scheme must have been though up in the pig pen, cause there was some mighty hog trough feeding going on.

Sara:

Please visit investoriraq.com. The link is to the right "the man to watch""

Regards

Dave,

This is a great fit for Iraq. With the support of other oil countries why would they not roll out the most expensive currency knowned to man?

www.investorsiraq.com,

Sorry Sara,

regards

Hey Gang,

WOW!! Kevin gave us another thread. He is one COOL dude!

Sporter: That was a good post about the GCC and Iraq's inevitable membership into it. By that time, Iraq will have it's house in order, and I think that we can see some SERIOUS potential for the Iraqi dinar to increase in value. Just listen for this sound: KA-CHING!! That will be the sound of the GCC cash register opening!!!

Two facts of life:
1. Oil ain't gettin' any cheaper.
2. And, Iraq just keeps pumping more of it each day.

And, as CARL says, "The dinar keeps getting stronger."!!

Rob,

Thanks for reading my message clearly. The Gulf Cooperation Council can only help the Dinar and all of us who have the faith.

Regards,

Was wondering if it is still possible to get into our old pms from the last one that was just cancelled and this new site put up now.I guess I am abit confused at the monemt as there does not seem to be a sign in like we used to have to post personal pms to other people on the form.I need to get in to get an address from one of the members and now dont know how.

Dave,

If you want to be a player, please post your facts correct. 1 Saudi Royal= .27 U.S. Dollar!

PAY CLOSE ATTENTION TO THIS
The GCC announced today, they are considering moving the date of the GCC common currency up to an earlier date.
They will have the monetary units in place by fall of 2005.
The Currency, whatever the name, will have the backing of 385 Billion dollars, with the structure of the countries listed under the dinar limited to having a debt ratio of only 60% of their combined GNP. Under this structure, this dinar has the protential to be the strongest currency in the world today.
The Economic and Geopolitical consequence is beyond comprehension states some economic analysis. One of the ideas is to remove the Union Currency Dinar from the USD and peg it to oil invoices. This will place the dinar not only as the anchorage dinar but also used in banking reserves.The common market will be established, and ready by 2007. The currency can be put into play anytime after 2007, with the target date set a 2010. However, most analysis are now saying it is possible the currency will be on the market way before 2010.
It is now almost a certainity, Iraq will be placed in the GCC for many reasons. It use to be in the GCC, until Saddam attacked Kuwait. By all indications last week, the GCC, has given positive overtures to Iraq at rejoining.
How the dinar will be valued is still up in the air. The best guess, is the dinar will be valued somewhere in the middle of the now existing GCC dinar values.
But this is just a swag.
Either way, you can be assured the value of the iragi dinar is going to increase significantly.
So the best bet is between 2007 and 2010.
AND THE IRAGI DINAR VALUE BUILDS DAILY...

Here is some good info on GCC, but was published in 2003.

Monetary Union Among Member Countries of the Gulf Cooperation Council

http://www.imf.org/external/pubs/nft/op/223/

CARL AND ALL OTHERS ON THE NEW THREAD.
WHAT GREAT NEWS ON ALL THE POST TODAY.WE ARE WITH OUT A DOUGHT IN THE DRIVERS SEAT.
GOOD LUCK TO ALL.RON

Sporter,

Which fact are you referring too? I don't recall ever giving out a fact. I just assumed that Saudi's rate was the highest of all the Arab countries. I didn't say it definitively. In fact I was asking you a question. Be careful who you call out. I'm sure you're a nice person and all, but I'm feeling a little confused at why you'd rebuke me for no reason.

Dave A

Iraq—Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding

http://www.imf.org/External/NP/LOI/2004/irq/01/index.htm

could the person who I had talked to through the pm on the last thread and had sent me his address to mail to him please send me a url to his site so I can get his or her address again as I got it wrong and now cant get back to were it was written on the pm from him as this has all been changed now.'
Heather

Heather, if you need to see the previous post, scroll to top of page and click on link no. 3 which will take you to the previous post site..

Hey Mr. Larue, Where are you? Not heard anything from you in a while. Or am I the only one who has noticed?

Carl-
Do you have a source for your statements?
link for following;

"The GCC announced today, they are considering moving the date of the GCC common currency up to an earlier date.

They will have the monetary units in place by fall of 2005."
"The common market will be established, and ready by 2007. The currency can be put into play anytime after 2007, with the target date set a 2010. However, most analysis are now saying it is possible the currency will be on the market way before 2010"

or is this your opinion & 'editorial' view?

please clarify.
thanks
Red

Red:
This is not my opinion.
I will get the article information so you can look it up.

HELLO ALL
RUMSFIELD HAD A QUICK VIST TO IRAQ TODAY,TO TRY TO SPEED UP THE NEW LEADERS IN IRAQ,PUTTING TOGETHER THE REST OF THIER CABINET AND FORMING THEIR CONSTITUION.GOOD NEWS.
GOOD LUCK TO ALL.RON

In this article today:
http://www.usatoday.com/printedition/news/20050412/a_iraqnews12.art.htm

At the bottom of the article, it says the US troop deployment is going to be limited to 12 month stints.

Quote:

•The Pentagon is limiting deployments of U.S. troops to Iraq and other combat zones to 12 months. A memo says Rumsfeld must approve any major extensions. The memo, signed March 30 by David Chu, the Pentagon's undersecretary for personnel, clarifies the U.S. military's “boots on the ground” rules, said Air Force Lt. Col. Ellen Krenke, a Pentagon spokeswoman.

Thousands of U.S. soldiers were required to serve beyond the 12-month limit to provide additional security in the run-up to national elections Jan. 30.

--------------------------------

I think this, coupled with yesterday's article about drawing down the troops by about one-third in the near future (to about 100,000), are very good signs lately concerning the future of Iraq, and the troops there. And, it certainly should quell the fears of many who were scared about a possible draft (remember that was an issue brought up during the election??).

It certainly says a lot about the positive direction of the security situation being faced there.

Four leaders of Qaeda-linked groups captured: US, Iraqi military
(AFP)
12 April 2005

BAGHDAD - Four leaders of three Al-Qaeda linked groups were captured in a US-Iraqi operation on Monday that netted 67 suspected insurgents in the volatile southern Baghdad district of Dura, US and Iraqi officers told reporters on Tuesday.

“We captured some of the leadership of the Ansar al-Sunna group, Tawhid Wal Jihad (Unity and Holy War), and Ansar al-Islam,” said Colonel Ali al-Obeidi, commander of the Iraqi Army Sixth Division’s third battalion-first brigade.

“For these four, the crimes were murder, assassination, beheadings, bombings and attacks against Iraqi security forces and American forces,” said Colonel Edward Cardon of the Third Infantry Division’s fourth brigade combat team.

The group Tawhid wal Jihad is the old named used by Islamist militant Abu Musab al-Zarqawi’s group before it was formally recognised as Qaeda’s official branch in Iraq last fall. It then renamed itself Al-Qaeda Group in the Land of the Two Rivers.

The US and Iraqi forces claim to have netted more insurgents since the November offensive on the former rebel bastion of Fallujah due to increased intelligence and the growing confidence of Iraq troops.

http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/focusoniraq/2005/April/focusoniraq_April50.xml§ion=focusoniraq

Iraq arrests high-ranking Saddam aide
(AFP)
12 April 2005

BAGHDAD - Iraq said on Tuesday it has arrested a former high-ranking Baathist in the ousted regime of Saddam Hussein suspected of coordinating and funding the insurgency.

Fadil Ibrahim al-Mashhadani was arrested during a raid by Iraqi forces in farmland northeast of the capital, said a government statement describing him as “a leading member in the dissolved Baath party and a prominent leader of his (Saddam’s) military bureau in Baghdad.”

“It is believed Mashhadani is responsible for coordinating and funding terror attacks against the Iraqi people, government and security forces,” said the statement.

“It is also believed that he acts as a link between former Baathists hiding in Syria and terrorists inside Iraq.”

Both the Iraqi and US governments have long accused Syria, Iraq’s western neighbour, of turning a blind eye to foreign fighters streaming into Iraq to wage jihad, holy war, and of being a safe haven for former regime loyalists.

Iraqi authorities said on Sunday that they recently arrested Ibrahim Sabawi son of Sabawi Ibrahim al-Tikriti, a half brother of Saddam also being held in custody for allegedly bankrolling rebels.

Sabawi senior, who was a presidential advisor to Saddam and an intelligence chief, was number 36 on the US list of 55 most wanted former regime officials in Iraq. He was arrested in early January when he crossed over from Syria, Iraqi officials have said.

But there have been other reports saying Sabawi senior was handed over by the Syrians in an effort to demonstrate their cooperation with Baghdad and Washington.

http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/focusoniraq/2005/April/focusoniraq_April51.xml§ion=focusoniraq

Now where did I put that? ... hmmm
It was right over there a minute ago....

Bush Says Trained Iraqi Troops Now Outnumber U.S.
Apr 12, 1:17 PM (ET)
By Steve Holland

FORT HOOD, Texas (Reuters) - President Bush said on Tuesday trained Iraqi security forces now outnumber U.S. troops in Iraq and are playing a greater role in fighting insurgents.

Bush's comment followed remarks by senior military officers that U.S. forces could begin to be drawn down in significant numbers early next year if violence remains low at that time.

He said security operations in Iraq are "entering a new phase" in which the United States and its coalition partners are increasingly playing more of a supporting role and Iraqi security forces are more self-reliant and taking on greater responsibilities.

"Like free people everywhere, Iraqis want to be defended and led by their own countrymen," Bush said. "We will help them achieve this objective so Iraqis can secure their own nation and then our troops will come home with the honor they have earned."

Bush offered no timetable on a withdrawal. He said about 150,000 Iraqi military and police and other security personnel had now been trained, outnumbering the estimated 140,000 U.S. troops in Iraq.

"There's a lot of hard work ahead," he said. "The Iraqi people face brutal and determined enemies. But Iraqis are also determined and they have the will to defeat the insurgency."

http://reuters.myway.com/article/20050412/2005-04-12T171738Z_01_N12326080_RTRIDST_0_NEWS-BUSH-DC.html

Sara:
Good Research..
and the kings men start to tumble..

I was just doing some brainstorming today about what is going on in Iraq.. To me things are going excellent, but I have noticed in the past few weeks, the Iraqi people are really recenting the fact that American Troops continue to remain in their country. This makes me wonder if the Iraqi people will soon recent the design of the new dinar because it was introduced to them while there country was occupied by allied forces. Could the vote for an offical government in December, also introduce a new dinar designed by Iraq's government?

I hope the New Dinar stays the same. Or else we could be all holding expensive toilet paper. Just like the old venezuelen money and yugoslavian money

Carl-

Where did you get this? as fact?

"The GCC announced today, they are considering moving the date of the GCC common currency up to an earlier date.
They will have the monetary units in place by fall of 2005."

"It is now almost a certainity, Iraq will be placed in the GCC for many reasons. It use to be in the GCC, until Saddam attacked Kuwait. "

and above?
Iraq _was never_ in GCC. the original 6 members established in 1981;

The Gulf Cooperation Council [GCC] was established in an agreement concluded on 25 May 1981 in Riyadh, Saudi Arabia between: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE.

http://www.globalsecurity.org/military/world/gulf/gcc.htm

please clarify?
thnx
Red

Red:
I am going back and finding the article.I look at several a night, and read several middle eastern papers, etc;
The article stated Iraq was in the GCC until Saddam got kicked out, because of his little foray into Kuwait.
when I locate the article again I will post the address for ya.

Thanks, Carl. :)

Michael.. thanks for the URLs you posted.

About the possibility of a New Dinar... Just a thought.. until they establish the Dinar on the world market and get things moving along.. what point would there be in printing something else? What would that new currency be worth, and who would stand behind it? I think it is a lot of trouble to go to make a whole NEW currency and get it going. This Dinar is what is established, printed, and has the US behind it. It is also established and recognised by international Banking bodies, and Mr. Wolfowitz of the World Bank, for instance, will probably readily acknowedge it once it is released onto the Forex market. It really isn't very reasonable to think of starting from scratch again and creating a whole new currency, from a logistics point of view.

I think the Iraqi people want peace and prosperity, and to build on what is already happening and in place, not to tear down and try and build something else just for the pride of saying it is Iraqi without anyone else's help. They want to succeed as fast as is possible, not mire themselves down trying to do it all themselves. I think they are taking all the help they are getting, and it only makes sense to work with what they are given in order to get back up on their feet and be a part of the world scene and economy. Iraq has a bright future with the currency of the Dinar, held in Iraq and across the globe. That Dinar is part of their recovery and that Dinar is part of helping to rebuild Iraq. As people buy Dinars, they are showing belief in the Iraqi economy and in the recovery of the country as a whole. If the Dinar succeeds, the Iraqi people have prosperity, hope and a bright future.. why tamper with soon to be success and try a whole new, untried, untested unknown and unbacked currency?

Sara.

I "second" that Sara, well written!

Regards,

And anyway i think i read someplace that Iraqis /like/ their new money and were lining up to get it. I mean not that they had a lot of choice what with the old stuff being worthless, but still i read they liked it. Was better than having Saddam looking at them? And it couldn't be easily counterfeited? Which was a problem. Etc.

No way i can dig up that reference, i just remember reading something to that effect.

The following link is for all world currency. I hope its helpful.

http://www.xe.com/popularity.htm

Regards,

Hey all,

Regarding Iraq's past GCC membership, I hope this helps. I don't know if this article was the one that Carl was referring to. According to this article, Iraq definitely had some sort of responsiblities within the GCC.

http://www.arabicnews.com/ansub/Daily/Day/031208/2003120815.html

Iraq might restore its membership in Gulf institutions
Iraq-Gulf, Politics, 12/8/2003

Kuwait's foreign minister Sheikh Muhammad Sabah al-Salem al-Sabah on Saturday announced that the Gulf Cooperation Council GCC states will discuss during its next summit by the end of the current month the issue of Iraq's return to certain institutions in the council.

The Kuwaiti minister said that the "question of Iraq's return back to take part in certain activities of the GCC will be discussed during the next summit of the GCC states, due to be held on December 22nd in Kuwait.

He said that Iraq "used to take part in the activities before 1990, but the invasion of the Iraqi regime of the state of Kuwait resulted in expelling Iraq from all activities it used to take part in."

Member of the Interim governing council in Iraq, Ibrahim al-Jaafari, announced earlier in Kuwait that his country wants to be a full member in the GCC, considering that Iraq is a Gulf state and meets the conditions for joining the GCC. He said "we consider that new Iraq, which is an Arab Gulf state, should become a member in the Gulf Cooperation Council after the elimination of obstacles used to be hindering this because of the toppled regime."

He added that his country can give a strong support to the GCC, noting that he had received positive answers to his request from Gulf states that he did not disclose in name.

Sporter,

My last post pretty well says the same as your earlier post regarding the status of Iraq within the GCC. I wasn't trying to overwrite what you had posted earlier. I just wanted to reinforce your last post on the subject.

GO DINAR!!

HI ALL
SARA WHAT A GREAT JOB OF INVESTIGATION YOU HAVE BEEN DOING,KEEP UP THE GOOD WORK.THE POSTS THAT WE ALL MAKE KEEP THE FIRES BURNING OF HOPE,AND GREAT WISH"S FOR IRAQ AND IT"S PEOPLE.GOOD LUCK TO ALL RON

Robert:
thanks for the look up on the GCC comments. I go through so many every night,and take what I think is important from each one and put in on the board. I was having trouble finding the article again.

Red:
I found some of the sites:
Arabicnews.com
and Eruthledge.com
There are some others but I have not found them yet.
Hope this helps

Thanks Sporter, Ron, Rob, Carl.. glad it is appreciated.
I appreciate all your posts, too.
Thanks for the GCC article and all your sifting through for us, Carl. Those have been very interesting posts.
It all keeps us looking in the right direction. :)
Sara.

Carl: I am glad the post helped.
You do a LOT OF GOOD RESEARCH for us on this board. And, like Sara said, we all APPRECIATE it.

Hey, Sara: On one of your posts, you mentioned the big scare about the military draft. I know what you mean. Before the presidential election, my daughter, who is a junior in high school, told me that a couple of political hack high-school students were telling everybody to get ready to be drafted. Because, they said that Bush had already made secret plans for the draft to be implemented immediately after his
re-election.

Glad you brought that up. It just shows how some people will go to great lengths to scare other folks through lies.

Keep up those good posts.
And, You go, girl!! And, GO DINAR!

Quick question...

If Iraq will join the GCC and the GCC plans on producing one GCC currency.. why would Iraq open their currency to the world instead of just waiting for the "one" GCC currency?

I think, it would take long time for GCC to unify their currency and until the time comes, IQD must have established and traded in the world market. I am living in Gulf and my experience is that it would take many years to conclude the decision about one currency and that under what name,,,,,,well best wishes for all dinar holders....Sheraz

Hi all

I presume that as soon as government is established and appropriate ministries are allocated, the new Finance Minister will start working on dinar value and so on,,,,,,,yr views
Sheraz,,,,

NEWS LINKS:

http://www.menareport.com/en/business/

http://www.iraqdevelopmentprogram.org/idp/news/news.htm

http://www.arabicnews.com/search/results.php?fm_query=iraqi+dinar

http://www.noozz.com/Iraq/Index.aspx?Id=0&SectionId=0

http://www.rebuild-iraq-expo.com/News_allnews.asp?page=14

EXCHANGE RATES:

http://www.ozforex.com.au/cgi-bin/Convert.asp

http://www.cbiraq.org/cbs6.htm

http://www.fms.treas.gov/intn.html

http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=IQD&submit=Convert

http://www.xe.com/ucc/

http://www.iraqdirectory.com/en/default.asp

FORUMS

http://www.investorsiraq.com/search.php?searchid=124811

http://www.fatwallet.com/forums/messageview.php?start=500&catid=52&threadid=270766

http://www.jubileeiraq.org/blog/

JB Smith wrote:
"And anyway i think i read someplace that Iraqis /like/ their new money and were lining up to get it. I mean not that they had a lot of choice what with the old stuff being worthless, but still i read they liked it. Was better than having Saddam looking at them? And it couldn't be easily counterfeited? Which was a problem. Etc.

No way i can dig up that reference, i just remember reading something to that effect."

JB -
I think remember reading same thing. Was report by Paul Bremer. Said Iraqis real liked new dinars. I'll try to find link to artical. Thanks you.

Sheraz:
what part of the gulf do you live in?
Maybe you could give us some more intimate details about that regions view point of the dinar, Iraq, etc

good point! i live on the outerbanks nc and there are only a few people i have found owning id.everyone here thinks id is just play money and you are crazy for investing.but this area is full of retired corporate executives and social sec .but i drive a ceo from vegas nad he doesent think it is a bad bet.i have 7 1/2 mil id's and i feel pretty good with the future of the dinar.i made a concious decision to buy id's and hope to reap a reward someday.if not then it has been a great ride.

Carl
I live in Saudi Arabia, people here also buying IQD, before Jan election it was trading at 1-million for SR:2700, on election day it went to SR:3000 per 1-m, then it came down to SR 2900, 2800 and now again its being traded at SR:2700/= currency dealer is buying at SR:2500/1-m dinar.
for inform 1 USD = 3.75 Saudi Riyal (SR). I feel, as said earlier let us wait for the new minister sit on his chair and see his plan and 2nd option is to wait for the next election in Dec and new formal govt.
take care all
Sheraz,,,

Sheraz;
thanks for the information.

Carl-
re: your post http://truckandbarter.com/mt/archives/000502.html#9603

On tuesday April 5th a meeting was held in Manama Bahrain ,the GCC 15th annual meeting
The meeting is to continue the dialogue toward the establishment of a free trade agreement (FTA) between the six-member Gulf Cooperation Council and the 25-member EU, which began 17 years ago.

with all due respect there was no announcement at this meeting,in regards to "moving the GCC common currency up to an earlier date"

the below links provide what really happened
in Manama on Tuesday April 5th ;

http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=32467&version=1&template_id=48&parent_id=28

http://www.middle-east-online.com/english/?id=13147

Your original post has much speculation in it
that is not based on fact or actual meetings
or announcements ,what you do is weave together a few news stories , with your own opinions and add
statements of your own that appear to be,or give the readers the impressions that they are from official sources;

"The Economic and Geopolitical consequence is beyond comprehension states some economic analysis. One of the ideas is to remove the Union Currency Dinar from the USD and peg it to oil invoices. "

This above statement as an example is not factual
you made it up - it has no base in facts

another;

"However, most analysis are now saying it is possible the currency will be on the market way before 2010."

Who said that? where ? what analysts?

I dont have any problem with anyone writing their
views and opinions but to post as you do these ' stories' to make them look like they are fact is confusing and absurd

If your going to open up your post with
such a statement; 'The GCC made an announcement today'- then when asked to provide a source for that statement , you have none...
what does that say?

I like reading your 'stories' carl as do others
but plse do not represent them as 'fact' or 'hard news' when they are not

Best
Red

HI ALL
SHERAZ GLAD TO HAVE A VOICE FROM ANOTHER PART OF THE EAST.CAN ALL OF YOU HEAR THAT,YHAT RUMBLING SOUND FROM THE MID-EAST.MAYBE IT"S A DINAR WELL READY TO EXPLODE,AND MAKE ALL OF US VERY,VERY HAPPY PEOPLE.IT"S GOING TO HAPPEN,THAT"S JUST MY GUT FELLING.GOOD LUCK TO ALL RON.

Ok, I'm going to ask a stupid question. First of all, I'm not an economist. Second of all, I don't claim to be near as smart as any of you when it comes to the Forex, currency speculation or the geo-political landscape. My expertise lie in other areas.

So here is my stupid question. Is Kuwait's dinar higher or lower than than the USD? I thought that Saudi Arabia's Riyal was the highest currency in the Arab world. Yet when I look on XE.com it shows me this.

1 Saudi Riyal= .27 U.S. Dollar
1 USD = 3.75 Saudi Riyal

1 USD = 0.292008 KWD
1 KWD = 3.42456 USD

According to this, the Kuwait Dinar is the standard we hope to achieve with the NID, not Saudi Arabia's Riyal. Am I right? (Though the Saudi rate wouldn't hurt the checkbook either)

Dave A

Red;
Quoting this article:
http://www.arabicnews.com/ansub/Daily/Day/031208/2003120815.html

Iraq might restore its membership in Gulf institutions
Iraq-Gulf, Politics, 12/8/2003

Kuwait's foreign minister Sheikh Muhammad Sabah al-Salem al-Sabah on Saturday announced that the Gulf Cooperation Council GCC states will discuss during its next summit by the end of the current month the issue of Iraq's return to certain institutions in the council.

The Kuwaiti minister said that the "question of Iraq's return back to take part in certain activities of the GCC will be discussed during the next summit of the GCC states, due to be held on December 22nd in Kuwait. He said that Iraq "used to take part in the activities before 1990, but the invasion of the Iraqi regime of the state of Kuwait resulted in expelling Iraq from all activities it used to take part in."

Member of the Interim governing council in Iraq, Ibrahim al-Jaafari, announced earlier in Kuwait that his country wants to be a full member in the GCC, considering that Iraq is a Gulf state and meets the conditions for joining the GCC. He said "we consider that new Iraq, which is an Arab Gulf state, should become a member in the Gulf Cooperation Council after the elimination of obstacles used to be hindering this because of the toppled regime."

He added that his country can give a strong support to the GCC, noting that he had received positive answers to his request from Gulf states that he did not disclose in name.

----------

This is a factual, and a still posted URL. The point I think Carl and others were making, Red, is that there are plans to eventually encorporate the IQD into the GCC, and these ideas are quite long-standing. Actual predictions about dates and times are, of course, subject to debate. But knowing that the GCC may consider this move, and noticing the Iraqi PM is now Ibrahim al-Jaafari who supported this move (so that there is no real opposition to it from that point of view), was also a helpful post. No one but God knows the future, but we do look for indicators and these posts from Carl have been helpful. I appreciated Carl posting these ideas and articles and took from them, not absolute prognostications of the future or definite dates to be set in stone, but indicators of possible entry of Iraq into the GCC with attendant upsurge in the fortunes of the Iraqi Dinar. I think we all know that dates of such things occurring can be changed.. to sooner dates as well as later, depending on the environment and circumstances. :)

Sara.

Here are the countries that would supposedly be represented in the new Arab currency, with their respective currencies valued to the US dollar according to xe.com. I've placed them in order of their worth.

Kuwait: 1 Kuwait Dinar = 3.42454 US dollars

Bahrain: 1 Bahrain Dinar = 2.65241 US dollars

Oman: 1 Oman Rial = 2.59740 US dollars

Qatar: 1 Qatar Riyal = .274832 US dollars

United Arab Emigrates: 1 UAE dinar =.272264 US dollars

Saudi Arabia: 1 Saudi riyal = .266647 US dollars

And maybe Iraq: 1 Iraqi Dinar = .000685424 US dollars

Is this right? Saudi Arabia, with the exception of Iraq is least among them?

Good research, Dave..

This speculation that the IQD could be in for a rise in order to become on par with the other currencies which would be in the GCC appears rational. I appreciate the posts by Carl, and others like you which have brought this out.

The Saudi Riyal being the lowest of the GCC proposed members, if the IQD were traded on par with the lowest one, it would bring the IQD up to.. 26 cents US? That would make the worth of the IQD at $260,000.00 US per one million Iraqi Dinars.

Interesting post, Dave..

Sara.

Notice we did not discuss any dates in these last posts - not 2007, 2010 or any other date - but we are just exploring if the "GCC acceptance of the Iraqi Dinar" CONCEPT is possible and rational, and speculating what it COULD mean at some future date to the Iraqi Dinar's value. I think others have said this could be a fairly long term investment. If so, other factors, like the Iraqi Dinar making itself a value on its own first, before admittance to the GCC (Gulf Common Currency), could come into play. Many factors go into the value of a currency.

Sara.

Iraq claims seizure of top Zarqawi aide
BAGHDAD (Reuters)

Iraq announced the capture of a senior aide to leading militant Abu Musab al-Zarqawi on Monday, hours after Zarqawi claimed responsibility for a suicide car bomb near the offices of Prime Minister Iyad Allawi.

The seizure of Abu Omar al-Kurdi, accused of masterminding some of the worst car bombings in Iraq, appeared to be a major breakthrough for the authorities ahead of next Sunday’s historic election, which Zarqawi and his followers have vowed to disrupt.

http://news.ft.com/cms/s/fd54d898-6dda-11d9-a60a-00000e2511c8.html

Dear Red,

- you're finally getting the gist of the T&B board!
Most are merchants selling the NID.
They're IQD Evangelists, and they're not stupid.
It will be interesting to see what they're writing in 2010 after 7 year holders of the NID have bent over and taken it up the wazoo. (multiple times)

Don't get me wrong, I'm one of those idiots too. I'm a glutton for punishment so i'm a holder. But I really don't think for one minute that these notes will be worth too much more than I bought them for. If it seems to good to be true, it usually is.

There will eventually emerge a reason nobody ever thought of. An unforseen turn of events, and act of god - whatever ... that will prevent the NID from appreciating in value. But we dream, and we keep dreaming, and so the dreamweavers will keep spinning their stories, fact or fiction - it matters not. It's all a sales pitch. It's the new Tulip Craze.

My first thought was, "That's too low to deign with a comment", but I revised my opinion to reply to your obvious jibe against my posts to this, Dewey...

I wish you didn't hold any Dinar. If I DID have any financial interest in the Dinar (which I don't) I would not sell to you. I wish such crude, rude, and disgustingly low persons as yourself were not poised to prosper from the blood, sweat, tears and hard work of truly noble men and women.

I am comforted by the thought that only strong men retain riches, and that you, for certain, have not shown that quality of strength in character to qualify for that.

Sara.

"Dewey",

First of all, I am not a "merchant". And, secondly, I would like to respond to a part of what you wrote.
You said: "Don't get me wrong, I am one of those idiots, too."

My wife's old Webster's dictionary lists the following definition for "idiot":
1. a person with an intelligence quotient of less than 25

While I am certainly no genius, my I.Q. has been tested, and it is a good bit higher than that.
BUT, you certainly have the right to post on this board, and call yourself an idiot.
I and the other viewers do not need any further verification (links, URLs or whatever), since you called yourself an idiot in your last post. Your last post was all that we need to verify your intelligence quotient. You stated it yourself- pretty convincingly.

If you are so unsatisfied with your purchase of the Iraqi dinar, sell them.

And, being a "glutton for punishment" is a TERRIBLE reason to be investing in anything, IMO. In fact, I wouldn't even consider investing in anything, if I had that type of attitude. I have never read or heard about anyone investing in something, because they were a "glutton for punishment" by being a "holder" of that investment - except for you.
But, it's your money, and you can spend yours anyway you want. But, you speak only of and for yourself when you used the phrase "ONE of those idiots".

Thanks, Robert.. I must agree with your assessment. I thought these were cute, and pungent, for the board to enjoy:

Earth is the insane asylum for the universe.

------------

A Cynic: A man who, when he smells flowers, looks around for a coffin.

Monetary and exchange rate policy:

* The current framework of broad exchange rate stability has worked well towards achieving price stability and we will preserve it for the time being. However, as the data situation improves and the CBI gains a better understanding of the transmission mechanism of monetary policy, the appropriateness of this policy regime as the best means in the medium term of delivering price stability will need to be reevaluated. The CBI would expect the exchange rate to be allowed to reflect the effects of structural changes in the economy and real shocks as needed. We will therefore be vigilant regarding developments that may call for greater flexibility of the exchange rate, including excessive downward pressure on the exchange rate that would threaten to reduce Iraq's foreign exchange reserves below a minimum acceptable level of $4 billion, or signs that inflation could exceed our forecast (as specified above).

* In order to facilitate the task of assessing the appropriateness of the current policy stance, we have formulated a monetary program for 2004 and 2005. A key element of the monetary program is the projection for the growth of money demand. This projection is related to assumptions and forecasts on economic growth, inflation, and any potential structural shifts in money demand relating to further remonetization of the economy. The projected growth in currency in circulation is consistent with the projected accumulation in net international reserves mentioned earlier and a policy of no lending to the government by the CBI.

* During 2004, the CBI has relied on foreign exchange auctions as the principal instrument in the conduct of monetary policy. The CBI has utilized the foreign exchange auction to manage liquidity in the system, to absorb excess dinars, as well as to provide foreign exchange to private sector activity. To allow for more flexibility in managing monetary policy, the CBI is in the process of broadening its set of monetary policy instruments. The CBI Board recently approved the creation of a lender-of-last-resort facility and an overnight standing credit/deposit facility, and has issued new regulations making the reserve requirement regime more flexible. The banking facilities should be in operation by October 1, 2004, and the reserve requirement regulation should be implemented by no later than December 1, 2004. Similarly, the newly introduced auction of treasury bills will help stimulate the development of a secondary market for these securities, which will enable the CBI to conduct open market operations. Moreover, in order to facilitate the formation of an appropriate benchmark interest rate, we will provide an adequate environment for the private sector's banks to increase their participation in the treasury bills auctions.

* The CBI is developing a strategy for communicating its policies to the public. It is seeking to explain its monetary framework aimed at achieving price stability. To inform the public of its actions, the CBI has developed a website where it publishes the results of its daily currency auctions and its monthly balance sheet, and has begun to issue a policy statement after board meetings on monetary policy. The CBI is working diligently to expand and improve information on its operations.

* In an effort to regularize the financial relations between the government and the CBI, the ministry of finance and the CBI are in the process of agreeing to restructure all government obligations held by the central bank. This agreement will be implemented in installments to facilitate the payments by the government, while minimizing any possible negative impact on the capital of the CBI, taking into consideration acceptable international accounting standards. The CBI also intends to return any excess realized profits (but only after the CBI's capital reaches its required regulatory minimum) to the ministry of finance. The government will be proposing an amendment to the CBI law that would facilitate the transfer of excess earnings to the ministry. The agreement also calls for a formal closure of the government overdraft facility at the CBI.

Al-Jaafari set to name new Iraqi government
April 13 2005 at 03:36PM

Baghdad - Iraq's new government is expected to be unveiled on Sunday when the assembly reconvenes, interim foreign minister Hoshyar Zebari said on Wednesday.

"The government is practically formed and it is up to the prime minister to announce it, which he may do when the assembly meets again," said Zebari, a member of the Kurdish alliance parliamentary bloc.

He said prime minister-designate Ibrahim al-Jaafari is holding "intense negotiations" with the bloc led by outgoing premier Iyad Allawi over his potential participation in the government.

Kurds are eager to include Allawi's list in their prospective coalition government with the Shi'a United Iraqi Alliance as a way to temper the influence of Islamists.

Members of his Al-Iraqiyah list, the third largest in the 275-seat assembly after the Shi'as and Kurds, have said they would join a coalition provided they are treated as equal partners and given adequate posts. - Sapa-AFP

http://www.iol.co.za/index.php?set_id=1&click_id=123&art_id=qw1113393066103B262

Note this article from April 4, 2005 which states that EU and GCC foreign ministers were to discuss "developments in Iraq".

NOTE also this statement below in the article:
"GCC countries set up a customs union in 2003. They plan a common market by 2007 and a single currency by 2010."
-----------

Gulf Arab countries to resume EU trade talks
By Dominic Evans
April 04 2005 at 01:17PM

Riyadh, Saudi Arabia - Gulf Arab countries will resume free trade talks with the European Union in late May, a senior Gulf official has said, ending months of stalemate which Arab states blamed on a growing list of EU political and economic demands.

Gulf Co-operation Council (GCC) Secretary-General Abdul Rahman al-Attiya made the announcement after meeting finance ministers of the six GCC countries in Riyadh on Sunday night.

His statement came on the eve of Tuesday's annual gathering of EU and GCC foreign ministers in Bahrain, where the two sides will discuss how to advance the free trade talks as well as EU nuclear negotiations with Iran and developments in Iraq.

Attiya gave no details but a Gulf source said the six finance ministers agreed there "should be a new round of trade negotiations in late May or early June with the Europeans".

The GCC, a customs union and political alliance which groups Saudi Arabia, Kuwait, Bahrain, the United Arab Emirates, Oman and Qatar, has been negotiating a free trade agreement with the European Union for more than 15 years.

Last year Attiya criticised European requests for clauses in the proposed deal covering issues such as weapons of mass destruction, illegal immigration and human rights, saying the demands amounted to delaying tactics.

The Gulf source said the two sides later agreed informally to handle political matters separately.

But disagreement remained over access for Gulf exports to EU markets, he said. After agreeing to reduce tariffs on aluminium and fish - though not enough to satisfy the Gulf states - the EU was still reluctant to open up for petrochemical imports from the oil-rich Gulf states, in particular Saudi Arabia.

European Union officials argue that the mainly state-owned Saudi Basic Industries gets gas feedstock at concessionary prices, a charge denied by Saudi Arabia.

The European Union is also seeking greater service industry access in the Gulf states.

"The next round of negotiations will focus on that," the Gulf source said, adding that the GCC finance ministers agreed on Sunday to prepare a common list of services they were ready to liberalise, and a timetable for opening up.

GCC countries set up a customs union in 2003. They plan a common market by 2007 and a single currency by 2010.

But Saudi Arabia has warned it may have to re-introduce tariffs on goods from Bahrain after its tiny neighbour agreed a bilateral free trade agreement with the United States - a deal which Riyadh says violates the GCC's economic pact.

Oman and the United Arab Emirates are also discussing possible bilateral deals with the United States.

European officials have proposed that the communique from Tuesday's Bahrain meeting should include a reference to EU concerns that bilateral deals "risk undermining the proper functioning of the customs union", and stress the importance of further GCC integration, the Gulf source said.

http://www.iol.co.za/index.php?set_id=1&click_id=123&art_id=qw1112608620728B241

Hi All,

Glad to see that Kevin saw fit to afford us an extension of the old site.

Just want to touch on Dave A's post of 13 April, 12:04 PM, discussing the recent exchange values
of the six GCC member countries, to include the IQD.

If we take the average of all seven monetary exchange values combined, then the one GCC currency would be somewhere in the ball park of - 1 [whatever it's going to be called]:1 USD = $1.35553 USD, which is a much better exchange rate than the Saudi $0.26 USD exchange rate, and could be a real possibility.

Just an observation.
_____________________________

P.S. Folks, Dewey's "Bio Rhythm" is merely out of sync with this board. Our rhythms are up, and his tends to be down. He threw a pity party, and we all know misery loves company.

He's having a bad day, feeling sorry for himself, and is looking for a hug.

Dewey probably invested more than he should have in the IQD, and things simply aren't moving as fast as he'd like/needs them to.

Dewey, Chill Out! Rome wasn't built in a day, so don't expect Iraq to do a 180 degree turnaround and be completely rebuilt in two years.

Go pour yourself a "double" of your favorite spirit, sit back and sip it slowly, and think positively.

We WILL profit from this venture/adventure of ours. The only intangibles are; exactly "when" we'll profit, and "how much" we'll profit from it.

All things considered Dewey; a country like Iraq, with all it's resources, and all it has going for it, is destined for success - huge success.

Case in point: Look at Germany, South Korea, and Japan. They rebounded from the aftermath of war, and two of the three on the loosing side. It took them as long as it did to rebound, partly because technology back then was no where near where it is today, as well as them lacking the vast amount of natural resources that Iraq possesses.

I'm preaching to the choir, but I'll say it anyway, "Iraq is on the fast track!" Think not? ...then look at where it was two years ago, and where it is today!?!?!

Heck, many skeptics proclaimed openly two years ago that Iraq wouldn't see the amount of progress it boasts today. You don't hear them spouting off anymore do you? ...no, you don't!

Use the past two year's progress as a guage, and then project out two more years from today... yeah, now you're getting the picture.

Calling all Skeptics! Calling all Skeptics! ...now hear this... "Relax, keep the lines of communication open here at the T&B, and keep planning those festivities on Gilligan's Island somewhere." ...(I've got dibs on Ginger. The rest of you guys can fight over Mary Ann and Mrs' Howell.)

Dinar Investors are here to stay!

Cheers All,

Bill

Just a thought?

I do not think it would be in our best interest ( as Dinar investors ) to have Iraqi Dinar rolled into the GCC Dollar until it has independent value. If the GCC dollar was introduced tommorrow, the exchange rate for the new note would only benefit the current Nations in the council. The Iraqi Dinar has no value to date. Did I miss something?

Regards,

Reply please!

http://www.alair.com/iaw/ http://www.rebuild-iraq-expo.com/

Bill,

I did the average and came up with: 1 dinar/riyal/whatever = 1.897686 USD. I don't think Kuwait, Bahrain and Oman would like this very much, while Saudi Arabia, UAE and Iraq would be thrilled.

Does anyone know how they did it with the Euro? How did they decide how to set the currency? What formula did they use?

Message to all:
As Sara said, please note that nothing has happened. We are speculating here. Don't run too far with these figures.

Hey Bill,
I want you to know that I agree with you wholeheartedly on your post. Like you said, Iraq is on the fast track. And, it truly has come a looooooong way! Like you and a number of people who post on this board, I choose the positive outlook. Sure, the not-so-good things happen, but we have to learn to expect them. And, we have learn to deal with them in a positive long-term, sober-minded context.

Keep up the great posts,all!
And, as Bill says, our "rhythms" are "up". KEEP a positive outlook on your investment outlook concerning the Iraqi dinar. Are you listening, Dewey? And, don't let anyone who chooses misery tear down your outlook. Misery begets even more misery.

Good and not-so-good things are going to happen on our Iraqi dinar investment journey, but that happens on ALL investments. In the end, I do believe that it will work out fine, or I would not have invested my money in it.
Just an observation from one investor to another - Robert

-

Al-Jaafari set to name new Iraqi government

April 13 2005 at 03:36PM

Baghdad - Iraq's new government is expected to be unveiled on Sunday when the assembly reconvenes, interim foreign minister Hoshyar Zebari said on Wednesday.

"The government is practically formed and it is up to the prime minister to announce it, which he may do when the assembly meets again," said Zebari, a member of the Kurdish alliance parliamentary bloc.

He said prime minister-designate Ibrahim al-Jaafari is holding "intense negotiations" with the bloc led by outgoing premier Iyad Allawi over his potential participation in the government.

Kurds are eager to include Allawi's list in their prospective coalition government with the Shi'a United Iraqi Alliance as a way to temper the influence of Islamists.

--------------------------------------------------------------------------------

Members of his Al-Iraqiyah list, the third largest in the 275-seat assembly after the Shi'as and Kurds, have said they would join a coalition provided they are treated as equal partners and given adequate posts. - Sapa-AFP

http://www.iol.co.za/index.php?set_id=1&click_id=123&art_id=qw1113393066103B262

Red:
I just read your post about what type of information you stated I put on the board.
First! I have not put anything on the board that I have not picked up in articles, and when it is my opinion I state is my swag or opinion.
I do not even write down the article sites, when I jot down what has been written because it takes too much time. Some of the articles say the same things, and each writer will sometimes add information that the others have not.
I then take this information and put it together, so all of the minor details and facts can be read. Each reader can make up their own mind as to it worth.
Red, in regards to your first example, I don't know which article you read.
How many middle eastern rags do you think have written about that one meeting or statements from their members? I guess you have read them all, and you are now 100% certain, no reporter stated in any article what was posted.
Boy! I wish I had your research time and capability.
Red! I really don't have time to play your mind games.
So let me make this suggestion to ya, you take everything, that I have posted and label it in your file as worthless. Go ahead red throw it away,wipe it from your brain. That will make you feel better, and you have spoken your opinion. It has been duly noted.

Red:
I just read your post about what type of information you stated I put on the board.
First! I have not put anything on the board that I have not picked up in articles, and when it is my opinion I state is my swag or opinion.
I do not even write down the article sites, when I jot down what has been written because it takes too much time. Some of the articles say the same things, and each writer will sometimes add information that the others have not.
I then take this information and put it together, so all of the minor details and facts can be read. Each reader can make up their own mind as to it worth.
Red, in regards to your first example, I don't know which article you read.
How many middle eastern rags do you think have written about that one meeting or statements from their members? I guess you have read them all, and you are now 100% certain, no reporter stated in any article what was posted.
Boy! I wish I had your research time and capability.
Red! I really don't have time to play your mind games.
So let me make this suggestion to ya, you take everything, that I have posted and label it in your file as worthless. Go ahead red throw it away,wipe it from your brain. That will make you feel better, and you have spoken your opinion. It has been duly noted.

Carl-
We all have the power to research anything that is written in the news with the capabilty of the 'net.
It's called "google'
It's pretty simple....
go to google,go there pick news category and type in: "GCC announcement",or "GCC countries currency"
If its out there , or been written about it will
come up.:)

Red

Carl and Red,

Lets keep this forum going. I can appericate your concern Red but, lets chalk this one up to one small mistake and move forward. Please do not confuse what this is all about. Support, Faith and most important Freedom for the Iraqis.

Regards,

Saudi crown prince to meet with French president and prime minister for extensive talks
By Agence France Presse (AFP)
Thursday, April 14, 2005

PARIS: Saudi Arabia's crown prince and de facto ruler Abdullah bin Abdul Aziz arrived in France on Wednesday for a two-day official visit expected to focus on Iran, Lebanon, Iraq and the fight against terrorism. The Saudi crown prince was greeted at Orly airport south of Paris by French President Jacques Chirac.

After his visit to France, Abdullah will head to the United States for talks with U.S. President George W. Bush at his Texas ranch, and then he will travel to Canada.

In an interview published Tuesday, Abdullah told France's Le Monde newspaper that his country would combat terrorism for as long as necessary.

"Terrorists are enemies of Islam, humanity and mankind. We will wage war against them for 10, 20, 30 years if necessary, whether they are Muslims or not," he said.

"We began by asking them to come back to reason, wisdom and dialogue. In vain. They continued their actions. From that point on, violence must be fought with violence," Abdullah told Le Monde. But the Saudi crown prince added that the fight against terrorism must also include choking off terrorist financing via a crackdown on money laundering, the drug trade and the black market. - AFP

http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=2&article_id=14278

ISX absorbs downturn, April 13

As was widely anticipated the inertia of the downswing extended to today's trade in the Iraq Stock Exchange. In initial cold trade share prices plummeted, as much as 10%, sweeping most companies with very few exceptions. One hour into the trade session, however, the market rallied with some shares recovering some of their losses. Trade in the Iraq Stock Exchange is still manual arranged in two sessions a week each for 2.5 hours.

The downward cycle started four sessions back after a streak of consecutive increments for the most part of March. Bank shares in particular made spectacular gains during the March upswing, some rising by as much as 100% and more. The downward move was accentuated by slight fluctuation in the exchange rate of the Iraqi currency against the US dollar. The deviation in the exchange rate of the Iraqi currency against the dollar ended today with the exchange rate back to ID1460 per each US$. Two days ago, the rate plummeted momentarily to ID1510 depreciating down by 4% from a steady line of around ID 1445 to the dollar.

Some brokers say that half way into the session they were flooded with buy orders from investors monitoring price movements. Brokers, two from each licensed company with a seat in the ISX, communicate verbally with assembled investors who crowd the investors' gallery next to the trading hall. With the advent of mobile telephones, many brokers also maintain telephone contact with their VIP investors, some of whom are stationed outside Iraq in countries like Jordan, Dubai, the US and UK. 'When the share price of the Middle East Bank fell below ID7.5, we started executing limit orders to buy several million shares of the stock', one broker noted. There was little chance of buying the whole amount as price soon jumped up to ID 7.75, he added. The shares of this particular stock closed the session at ID 7.75 down only by 0.6% from the close of previous session. There are 16 private banks listed in the ISX. They make up the lion share of total trade volume. Today for example there were some 300 million bank shares traded for a value of ID 1915 million or the equivalent of $1.311 million. With total value of trade at ID 2,522 million, banking accounted for 76% of this total.

Meantime reliable sources indicate that progress is being made towards the opening up of the exchange to foreign investors. The Iraq Stock Exchange is to date closed for foreign investors who want to invest in the 80 companies listed in the exchange. These sources indicate that the ISX is negotiating the regulatory framework for such a move with the Securities Commission, ISC. The latter has oversight obligations over the capital markets in Iraq. The ISX needs the blessing of the ISC on systems to handle foreign investment covering matters such as financial settlement of transactions, order arrangements, identification documents of foreign investors and so on. A balance must be reached whereby a friendly un-intimidating system is installed but one with enough safeguards to protect foreign investors against corruption and fraud and also meet international standards on such matters as money laundering. Iraq is counting on a large influx of foreign capital to rebuild its shattered economy. Noticeably, the Ministry of Planning and Development Cooperation, the equivalent of and economy ministry in other countries, was quoted today in local newspapers as advocating the opening up of the Iraqi economy including the ISX to foreign investment. If accurate, observers note, this is an important development as the ministry was commonly believed to be on of the last remaining bastions guarding old conservative policies.

DISCLAIMER: This document has been compiled and issued by Kubba Consultants, which has obtained the information from sources it believes to be reliable, but Kubba Consultants makes no guarantee as to either its accuracy or completeness and has not carried out an independent verification. Kubba Consultants accepts no responsibility or liability for losses or damages incurred as a result of opinions formed and decisions made based on information presented in this report. This document is not an offer to sell or solicitation to buy any securities. The opinions and estimates expressed herein are those of the issuer.

© Kubba Consultants 2004

http://isx-aman.com/news/rep_2005_04_13.htm

sporter4551,

I think Dave and I were talking about the IQD rolling into the GCC's proposed new combined currency (7 Nation Currency) in the future - not in the next few months, or so.

Whether the NID has no current "Open Market" trading value, or not, I don't think should be an issue. Once it is incorporated into the seven member currency, just like the Euro, it's then on par with the other participating countries.

I believe it's value would quantify overnight; sort of like "valuation by association".

We were just brainstorming as to what value the currecny might have under today's existing exchange rates, if all seven countries combined their monetary values today.

Just a bit of speculation to pass the time ..you know, a "what if" scenario.

Cheers,

Bill

(Thanks for the positive feedback Robert)

HELLO ALL
THIS IS THE BEST BOARD THERE IS ON LINE ABOUT NID.
KEVIN HAS GIVEN US THIS OPERTUNITY TO SHARE OUR VIEWS,AND FINDINGS WITH EACH OTHER.THERE ARE GOING TO BE FLARE UPS NOW AND THEN,MOSTLY BECAUSE SOME PEOPLE HAVE A MISERBLE LIFE AND CAN NOT STAND TO SEE ANYONE WITH GOOD TIDINGS.WE ARE A VERY SPECIAL FAMILY HERE,NOT MANY CAN SAY THAT.I SAY LETS ASK QUESTIONS ABOUT POSTS,NOT SLANDER THE PERSON THAT HAS SOMETIMES TAKEN HOURS TO READ AND RESEARCH.HEY GANG"YOU KNOW WHO YOU ARE"LETS ALL KEEP UP THE GOOD WORK.
GOOD LUCK TO ALL,RON.

Bill:

Ginger or Mary Ann?

Not so fast. Ginger's mine. (Unless you've got more dinars than me.)

Dean and Bill;

Does that make you native islanders the prof, Gilligan, Skipper, or Thurston Howell the Third?

Sara

PS

No one will ever win the battle of the sexes; there's too much fraternizing with the enemy." (Henry Kissinger)

Gee Red;
At didn't realize google was all knowing...
What a brain fart...
No wonder you didn't find the article..

Carl-
Again, if the GCC had made an announcement as you claim;

"The GCC announced today, they are considering moving the date of the GCC common currency up to an earlier date.
They will have the monetary units in place by fall of 2005."

Such a momentus announcement as this if fact
It would have been in many news medias picked up by Google,or any search engines for that matter

The fact that you cannot understand that,shows your lack of knowledge,and ignorance on this subject and how things work regarding news in the
internet age.

but I am not surprised,you and others that post here are confused,and clueless,,,
When it comes to Global economies and exchange rates reality relating to the dinar,,
Just a lot of inane posts that are beginning to show that people involved with the dinar are not
the 'sharpest tools in the shed'

What does that say about investing in the dinar?
not much,I'm Afraid,,

adieu~
Red

RED you are so highly inteligent and motivated and seem to know so much about everything that applies to the dinar, why dont you list facts and documentry to back up everything you have to say about what you know! by the way just what is it that you do know?. we all know that this thing could just fall apart tomarow, that is what makes it so much fun to watch, but you know what as every day goes by it just looks better and better so why dont you just get off Carls back and go to some other forum and talk about things you know about like picking your nose or scratching your butt.

Red, I did a Google search and came up with a few articles from the net which do seem to indicate a possible earlier date.. quite a lot of opinion columns but I was looking for something more definitive than opinons.
I found this one which is older (2003) and yet it quotes that certain EXPERTS said this. I doubt ALL these experts have been silenced since this was published. :)
To my mind, Carl saw another article or two from these same experts recently.. and they all seem to be saying it is possible it could be ahead of schedule.
Carl's quote of:
"The GCC announced today, they are considering moving the date of the GCC common currency up to an earlier date. They will have the monetary units in place by fall of 2005."
This could easily be these same experts only updating their predictions..
Carl's post does not show, "lack of knowledge,and ignorance on this subject and how things work regarding news in the internet age." but the perceived lack is more likely due to your not looking in the right places or lack of coverage in the media due to it being a newer prediction. However, there are references for the idea dating back some time, as this shows.

GCC on course to single currency
(Trade Arabia 23/3/03)

ABU DHABI: The GCC countries are likely to achieve their goal of a single currency ahead of schedule, experts told a conference in the capital. Experts also cautioned that banks in the GCC must prevent erosion in loan quality and strengthen their financial capital to achieve greater efficiencies. "GCC countries have expressed a desire to achieve this target and the process shall become easier after pegging their currencies with the US dollar in early 2003. It was also found that all six countries' financial indicators are very much in line with euro convergence criteria," according to their study presented at the International Conference on Financial Developments in Arab countries.

G041-210403
Posted 21st April 03

http://www.middleastlogistics.com/custom_mel.htm

hey all,

new to the board and i just read the last months worth of postings. GOOD STUFF. Fed Ex delivered my ticket today and i can't wait to ride this train. i have been following iraq and the nid for about a month and just now discovered this board. so much exciting information. i signed up for the new york times e-mail service (free) and many of the articles i saw here were delivered to me everyday. just a heads up on another source. anyway bill, carl, sara, sportster great posts thanks for your information. i spent my tax return on dinar. while others buy short term items i'm hoping like all of you that all the time, money, and human resources we've put into iraq pays off in my bank account. if not, the ride has been worth the fall. either way i've enjoyed learning about what makes an economy tick, information i was ignorant to just last month.
THANK YOU ALL

Red Wrote:

"Carl-
Again, if the GCC had made an announcement as you claim;

"The GCC announced today, they are considering moving the date of the GCC common currency up to an earlier date.
They will have the monetary units in place by fall of 2005."

Such a momentus announcement as this if fact
It would have been in many news medias picked up by Google,or any search engines for that matter

The fact that you cannot understand that,shows your lack of knowledge,and ignorance on this subject and how things work regarding news in the
internet age.

but I am not surprised,you and others that post here are confused,and clueless,,,
When it comes to Global economies and exchange rates reality relating to the dinar,,
Just a lot of inane posts that are beginning to show that people involved with the dinar are not
the 'sharpest tools in the shed'

What does that say about investing in the dinar?
not much,I'm Afraid"

Red - Thank you for the voice of reason. The exchange of information in the internet age certainly does blur many lines.

It's so easy to copy and paste a story and intergect some new words and sentences.

It's the perfect evangelist tool.

That's why these links are the best things for people interested in the NID. They're to allow others to read the news for themelves and depend less on the regurgitations of the "cutters and pasters" that seem hell bent on proving their own views.

Again - it will be interesting to read what these people are writing in 2010 when the NID has climed way up to 1420 / USD! (If it's still being used at all)

The links again for all those who want to do their own research:

----------> NEWS LINKS:

http://www.menareport.com/en/business/

http://www.iraqdevelopmentprogram.org/idp/news/news.htm

http://www.arabicnews.com/search/results.php?fm_query=iraqi+dinar

http://www.noozz.com/Iraq/Index.aspx?Id=0&SectionId=0

http://www.rebuild-iraq-expo.com/News_allnews.asp?page=14

----------> EXCHANGE RATES:

http://www.ozforex.com.au/cgi-bin/Convert.asp

http://www.cbiraq.org/cbs6.htm

http://www.fms.treas.gov/intn.html

http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=IQD&submit=Convert

http://www.xe.com/ucc/

http://www.iraqdirectory.com/en/default.asp

----------> FORUMS

http://www.investorsiraq.com/search.php?searchid=124811

http://www.fatwallet.com/forums/messageview.php?start=500&catid=52&threadid=270766

http://www.jubileeiraq.org/blog/

News:

Iraq: Report Says Central Bank Raised Dollar Exchange Rate Against Dinar
Apr 14 2005 The official currency trading at the Iraqi Central Bank has for the first time under gone the process of selling dollars for more than the normally accepted price of the past year and a half. The sale mechanism of foreign currencies through the method of auction had continued to present the dollar at its same value against the Iraqi dinar for more than a year and a half.

Link:

http://www.noozz.com/Iraq/Index.aspx?Id=0&SectionId=0

If anybody understands the NOOZZ announcment posted by Joe, please explain. Is this favorable for IQD holders? Does this mean the value of the IQD is rising? Thanks in advance -
Johanthon Rapson

Insurgency Events Keep Declining
According to the Baghdad Council the tide is turning against the insurgency. It seem they have gone from 10 explosions a day to only 2 to sometimes none.
Reported kidnappings have gone from 20 a week down to only 2 or 3.
The local people are now turning in the surgency. Some of the councilmen stated, they expect the insurgency to be gone or almost gone by 2007.

7,733 Articles
Just on the search engine Yahoo there were 7,733 articles written about Iraq's Business and economic development.
For further information, please contact red as he as read them all on yahoo,and all of the articles that are listed on the other search engines, plus the holy of all holy's, "Google". He can give details on every article as to what was written and not written.
There will be no need to contact any other search engines except google, because google is all knowing, and there is no longer any need for any of the other search engine companies.
I have contacted them, and they have been advised to shut down, as they are totally a waste of time.
Red has decreed this as so, and therefore it is official. Even better, just ask red, there is no longer any need for any of your lower intellect dinar investors to do any searches anymore. He is now the top dog of Iraqi research and articles written on the subject.
I am sure each one of you dinar investors were justed warmed to the bone with love and kisses from red, when he displayed his true feeling about your intellect.
Gosh! to have such foresight,and wisdom. Just to be in his presence must be a humbling experience.
Wow! red you must put yourself on a college circuit spreading your words of golden truth. You and Professor Ward from Colorado could team up. What a pair, just like potato chips and coke.

The more places disinformation is posted, the more ambiguous the original source becomes. This juicy one from the IraqInvestors forum was copied to T&B recently and then back to the forum.

"I found this over at T&B , but couldnt find a link anywhere . I could die happy , if this was true.

"PAY CLOSE ATTENTION TO THIS
The GCC announced today, they are considering moving the date of the GCC common currency up to an earlier date.
They will have the monetary units in place by fall of 2005.
The Currency, whatever the name, will have the backing of 385 Billion dollars, with the structure of the countries listed under the dinar limited to having a debt ratio of only 60% of their combined GNP. Under this structure, this dinar has the protential to be the strongest currency in the world today.
The Economic and Geopolitical consequence is beyond comprehension states some economic analysis. One of the ideas is to remove the Union Currency Dinar from the USD and peg it to oil invoices. This will place the dinar not only as the anchorage dinar but also used in banking reserves.The common market will be established, and ready by 2007. The currency can be put into play anytime after 2007, with the target date set a 2010. However, most analysis are now saying it is possible the currency will be on the market way before 2010.
It is now almost a certainity, Iraq will be placed in the GCC for many reasons. It use to be in the GCC, until Saddam attacked Kuwait. By all indications last week, the GCC, has given positive overtures to Iraq at rejoining.
How the dinar will be valued is still up in the air. The best guess, is the dinar will be valued somewhere in the middle of the now existing GCC dinar values.
But this is just a swag.
Either way, you can be assured the value of the iragi dinar is going to increase significantly.
So the best bet is between 2007 and 2010.
AND THE IRAGI DINAR VALUE BUILDS DAILY..."

It starts a buzz and then nobody really knows where it came from, and no original legitimate news source can be referenced. As someone stated yesterday the web lends itself to this “tailor-made” information gathering which can be very confusing and dangerous.

The rule is this; until you see a piece of information on 2 or 3 LEGITIMATE news channels, you should assume it's a fabrication meant to fulfill someone's ulterior motives. In the case of the NID, the motive is very simple to deduce. Sell more Dinars! Public manipulation is not something done by just armatures either - it's a favorite tactic of politics. The public sale of NIDs before it's put in use is a well thought out plan.

Until you can go to a bank and cash in your NIDs - don't be swayed by ANYTHING you read on public boards like T&B. Take it with a HUGE grain of salt. JMHO

hey carl
when you use a search engine you really need to qualify your searches

Like this::
>GCC countries common currency
If you enter that on google you get back
>12 results

just a note: Google is connected to most major search engines & over 5'000 news sources (yahoo,metasearch,metacrawler, · Yahoo! · Ask Jeeves,dogpile,About · LookSmart · Overture
FindWhat etc )

If this article was written it would be picked up
somewhere
good luck on your re-search carl

Here are some other seach engines to use for cross-referencing information. ALWAYS plug keywords into a few of these before believing anything! Public message boards are NOT news sources unless backed up with legitimate news links!! Good luck

http://www.dogpile.com/ DOGPLIE

http://news.ask.com/ ASKJEEVES

http://mamma.com/ MAMMA

http://news.google.com/ GOOGLE

HI ALL
47 BILLION IRAQI DINARS TO IMPROVE SERVICES IN KARBALA`A
MINESTRY OF MUNICIPALITY AND GENERAL WORKS ALLOCATED 47 BILLION IRAQI DINARS TO IMPLEMENT SERVICE PROJECTS IN KARBALA`A GOVERNORATE WITHIN THE MINIETRY`S INVESTMENT PLAN FOR 2005.
GOOD LUCK TO ALL RON

Thanks for getting us back on track Ron

Harold wrote:http://truckandbarter.com/mt/archives/000502.html#9696

"The public sale of NIDs before it's put in use is a well thought out plan."

The above statement has more truth than many of you know
I have a few friends in the US treasury dept. that leaked info to me that the sale of the NID
by Iraq and CBI was planned by CPA(bremer dinar) and our administration from the getgo
Knowing full well that individuals would purchase
the NID for speculative investment purposes and would provide Iraq with a steady revenue of USD income.

As far as the NID appreciating in value,not likely in the near future,the CBI and Iraq will control the present rate of 1460 at a fixed rate of exchange to provide equilibrium with the USD and their foreign-exchange reserves

S.Korea is doing the same with the won

from Dow Jones newswires(April 11,2005)
---
GINOWAN,Japan-South Korea's central Bank has no plans to diversify its foreign exchange reserves away from the US dollar,as such action could further strengthen the South Korea currency,Bank of Korea Gov. Park Sueng said yesterday.
"We can't have a further fall in the dollar," Mr. Park Said."the Won has appreciatted 2% so far this year[versus the dollar]
South Korea's Foreign-exchange reserves are the fourth largest in the world at $205.5 Billion,behind Japan,China and Taiwan.
---

The CBI and Iraq do not want the NID to 'strengthen' or appreciatte(fall in dollar) it is in there vested interest to keep the NID stable at a fixed rate of exchange 1460 and the USD high.
This is what Central Banks do, for the NID to appreciatte would translate to many government officials losing their positions,and the macroeconomy of Iraq to destablyze. This is an example of the reality of Global economics.

Think about it. . .

Gene

-----
Blessed is he who takes himself seriously, for he shall create much amusement.
---
I've taken a vow of poverty. To annoy me, send money.
----

Holly smokes Gene ... so we are not going to be millionaires tomorrow... Geeze what a party pooper.. ...

On a serious note it might be worth.. investing in the 500 notes and lower to hold on to them for a while..

See ya,

Ian

Hey Ron:

I agree with Ed. Thanks for chiming in. I just got on the board.

Chad: I liked your last post to Red. If you want to know what Red knows about "Global economies", read his posts on the last thread. I am sure that you will find that Red/Kazoo/Dewey have no more knowledge than we do regarding the dinar- maybe less. He/they have an awful similar message,though. Could it be that they all are one person? Am I seeing a pattern here, Red?

Why don't he/they show us some intellect? All that i'm hearing is some senseless tirade against Carl and some cutting and posting of sites that any second-grader could find on the internet. That is old news, Red. Show us some knowledge about "Global economies", Red. And, I shouldn't forget that he/they now know what the Iraqi dinar value will be in 2010 ("1420"). You better get to selling your Iraqi currency, Red.
Red: I have read your previous posts and you know nothing more than the rest of us. I admit that I don't know everything about the Iraqi dinar. But, you don't either. So, quit the chest-beating and go somewhere else if we aren't intellectual enough for you and your other personalities.

Gene posted:
The CBI and Iraq do not want the NID to 'strengthen' or appreciatte(fall in dollar) it is in there vested interest to keep the NID stable at a fixed rate of exchange 1460 and the USD high.
This is what Central Banks do, for the NID to appreciatte would translate to many government officials losing their positions,and the macroeconomy of Iraq to destablyze. This is an example of the reality of Global economics.

----
This is a very interesting thing, Dinar board.. Gene knows exactly what the Central Banks do (particularily in Iraq), what their "vested interests" are, and how to keep them all employed, (or how they might all lose their jobs). :)

Why DO they have banking conferences, anyways? They should just ask Gene, as he knows what is the plan for all eternity as far as Iraq is concerned. Fact is, Gene says they never want to strengthen the Iraqi Dinar. He knows so much, and he says it will destabilize the entire economy to do so.. We all know he must have an inside line to what is happening we don't have, what do you think?

An interesting example of supposed "Global economics".. what degrees do you hold in economics, Gene, by the way?

Insurgents come looking for deals to enter politics
By Jim Michaels
USA TODAY
BAGHDAD — Midlevel leaders of the insurgency in Iraq are attempting to give themselves up in return for deals that would allow them to join the political system, U.S. and Iraqi officials say.

“Groups that participated in the insurgency are now coming forward and saying they want to participate in the politics,” Steven Casteel, the senior U.S. consultant to Iraq's Interior Ministry, said Wednesday. “Normally, it's a cell leader coming forward through an intermediary.”

Marine Col. Mark Gurganus, whose regiment is operating in the Fallujah area, said this week that a cell leader recently contacted Iraqi intermediaries about making a deal. Gurganus said Marines were closing in on the cell leader, whom he declined to name, when the man decided to try to negotiate.

“He has made overtures that he wants to talk,” Gurganus said. But the colonel said U.S. forces are wary of the insurgent leader's intentions. “He's got to bring more to the table than his skin. He will have to show us he's going to dismantle his piece of the pie.”

His concerns are warranted. The insurgency here remains deadly. Bomb attacks on Wednesday killed at least 17 Iraqis, including a dozen members of the Iraqi security forces. “The insurgency's not dead yet,” Gen. George Casey, the senior U.S. commander in Iraq, said in an interview Wednesday.

But successful elections in January and the increased presence of Iraqi soldiers and security officers have undercut insurgent support. Iraqi and U.S. officials hope the momentum will help win over the Sunni Muslim Arabs who make up the backbone of the insurgency. “They're trying to engage in the political process,” Casteel said.

Iraq's government has discussed an amnesty program for insurgents but has made no decision. Casteel said that any decision will be up to the Iraqis but that the U.S. government supports reconciliation with some Iraqis who supported the insurgency. “We've got to give them the flexibility to bring people into the system,” Casteel said. “This is an Iraqi process.”

Some reconciliation with insurgents is inevitable. In Fallujah, a predominantly Sunni city that was in the control of insurgents for about six months last year, U.S. forces are trying to re-establish a city government. It will be hard to find locals without some connection to the insurgency. “At some point in time, we're going to have to accept some people who are dirty,” Gurganus said.

http://www.usatoday.com/printedition/news/20050414/a_insurgents14.art.htm

Keep this in mind, and you'll be just fine.

http://www.stock-market-crash.net/tulip-mania.htm

http://www.investopedia.com/features/crashes/crashes2.asp

Tulips have no intrinsic wealth..
Iraq is the second largest producer of oil in the Middle East..
And your point?

I know the constant attacks by Insurgents are horrible in their toll.. I grieve over each innocent that they kill in cold blood, sowing for themselves an increasing harvest of butchery which will one day fall back on their own heads (as you sow, so shall you reap).

Those who are killed, both Iraqis and coalition partners, are doing what is right in spite of the toll they are having to endure. You do have to ask.. would it be better to let the Insurgents retake the country and live like it was under Saddam again? The terrorists are just Saddam's old guard and their sympathizers, after all..

With these kinds of death tolls, quoted below, the casualties in the War for Iraqi Independence (without meaning any deprecation of that sacrifice) seems in relation, quite light.

Mass grave found in Iraq
April 13 2005 at 02:16PM
Iraq - A mass grave containing dozens of bodies dating back from the ousted regime of Saddam Hussein was discovered on Wednesday in the Shi'a city of Nasiriyah, said a local official.

"We have exhumed 25 bodies so far," said Haidar Ali, a provincial government spokesperson.

Locals dug up the grave after talk went around about its existence on the banks of the Euphrates in Muhiya, on the western approaches of the city.

The former regime brutally oppressed a Shi'a uprising in southern Iraq during the first Gulf war in 1991.

About 290 mass graves have been uncovered since Saddam's downfall in April 2003.

They contain the bodies of 300 000 people believed to have been killed under his regime, outgoing human rights minister Bakhtiar Amin said in January.

He said the total number of missing could be close to one million.

Saddam, currently in a United States detention centre in Iraq, faces seven charges of crimes against humanity including a 1987-1988 offensive that saw Kurdish villages razed and the gassing of the village of Halabja that left 5 000 people dead. - Sapa-AFP

http://www.iol.co.za/index.php?set_id=1&click_id=123&art_id=qw11133930628B262

Yes, I must agree. The final outcome of all this needless butchery and senseless mutilation will be a much stronger Iraq. One where it's people can walk in the light of the sun. Sooner then we think, the tide will turn. As it says in Job; “My days are swifter than a weaver's shuttle.”

And we must hope that with these changes when the suicide bombings finally cease, that women are looked upon as equals rather than shameful sub-citizens peering out from under their bhurkas. Men can find more constructive things to do with their time. As it's so beautifully put in the Book of Deuteronomy

24:5 "When a man hath taken a new wife, he shall not go out to war, neither shall he be charged with any business: but he shall be free at home one year, and shall cheer up his wife which he hath taken."

Those who doubt, lack only the inner strength to awaken their spirits to the reality of what is, what was and what can be. To hope means to have faith. To doubt and cynically criticize is merely espousing ignorance.

you know, i could really care less about what you guys think about each other. if it ain't got nothing to do with whether are not these dinars are going to pay off, i'd really rather not waste the time picking through all of your B.S. just to find some real information. worst case scenarios are fine, lay it on me, but name calling because you're to ignorant to to come up with a viable argument is just that, ignorant.

you know, i could really care less about what you guys think about each other. if it ain't got nothing to do with whether or not these dinars are going to pay off, i'd really rather not waste the time picking through all of your B.S. just to find some real information. worst case scenarios are fine, lay it on me, but name calling because you're too ignorant to come up with a viable argument is just that, ignorance. just correcting my spelling before i get any knucklehead responses about usage.

How many dinars fit in a shoebox if one has 25,000 dinar notes?

Red,

Shame on you for not playing nice...

You're obviously bored and looking to incite a bit of drama here at the T&B. It's either that, or you are - in actuality - an arrogant little snob, in dire need of having his silky knickers lowered, to have his little bottom blistered.

My friend, we're all equals here; regardless of our typing skills, intellect, experience with world financial matters, etc, etc. It has been my observation [since July of last year] that 99.9% of the folks that frequent this site consistently bring something of value to the board. It's all part of the synergy of this thread, and I don't mind saying I thoroughly enjoy every ounce of it.

Mr. Brancato has kindly devised this forum for IQD investors to be able to come together and share their information, speculation, what-have-you, regarding the future prospects of the Iraqi Dinar. And, I don't recall any disclaimer on this board stating that only "self proclaimed financial elitist" need tread here. So, where do you get off insulting the lot of us? ...That's just it Red, you don't!

If all you have to bring to the table is a bunch of technical debate about what was said/written, by whomever, whenever, etc, then take your anal perfectionism and go start your own thread at some other site.

The thing that really irritates me is that you dare to insult Carl of all people; as well as the rest of us, as a whole. I speak for many here when I say that, "I fully respect Carl, and his input - immensely.".

Your attempt, on the other hand, to offer something pertinent to this discussion tends to be complete and utter drivel.

In fact, I look forward to reading Carl's swag on issues concerning the NID. You sir, are not even in his league when it comes to mustering an attempt to decipher the dynamic intricacies that surround the political and financial dilemma unfolding before our eyes in Iraq. So, take your trivial nonsense and go stick it up your long pointed nose.

Shape up and show some respect, or ship out!

Cheers,

Bill

P.S. Welcome to the board "guy incognito". Nice to have you.

P.S.S. Mucho apologies for the inconvenience proteus - I guess you'll just have to pick through the BS my friend

Kateb said,
"Those who doubt, lack only the inner strength to awaken their spirits to the reality of what is, what was and what can be. To hope means to have faith. To doubt and cynically criticize is merely espousing ignorance."

That was a very good post, Kateb.

Hey Bill,

WHOOPEEEEE!! I could not have said it any better myself. That was a GOOD one, my friend.

I have been told by a few people that there is a Wells Fargo up and operating in Iraq and I also heard its in the process of being opened. Does anyone have any info about this????

Just a thought!

Can we please reply to questions on this forum?. I would like to see things in a different prespective now and again. Thank all.

Published: 8/4/2005, 08:50 (UAE)

Talabani offers amnesty to Iraqi insurgents

By Jumana Al Tamimi, GCC and Middle East Editor

Dubai: Jalal Talabani, the first Kurdish president not only in Iraq but in the Arab world, was sworn in as president during yesterday's session.

Talabani, the first Kurdish president not only in Iraq but in the Arab world, was sworn in as president during yesterday's session.
"I swear by God the great that I will work with devotion to preserve the independence and sover-eignty of Iraq and to preserve its democratic and federal system",Talabani said,

He also proposed an amnesty for ins