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rags2riches4life

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Everything posted by rags2riches4life

  1. thats exactly what im talking about...........Nov 12, 2009..........I thought it would happen last year, but it didnt
  2. Nov 12, 2009 was the day..........from my own eyes, I saw on several difference websites as Im sure many other ppl did.............that the IQD, VND, and I believe Hong Kong and another currency rv'd.............The IQD, was I believe either 84. cent or 1.34......................The VND was .05 cents.................Ive been very curious wondering if it will RV again this year since the troops are coming out of Iraq this year.................I was a millionare for a full 24 hours...........on that day of Nov 12, 2009 haha, I wont forget................Does anyone remember this day in 2009 on Nov 12
  3. Speaking today in London at an event organised by the Iraqi British Business Council (IBBC), Chairman Uzri said that his country was "rife with investment opportunities" and that Iraq is "entering a new era of economic and political stability." At a summit held in the Lord Mayor of London's Mansion House residence, he explained to over 120 British commercial delegates that the Iraqi market should be viewed as particularly appealing to investors at a time when profitable overseas opportunities are becoming harder to find and develop. "Iraq's combination of strong economic growth and increasing stability and security make it an excellent and viable proposition for investment", he added. Chairman Uzri is confident of Iraq's prospects and pointed out that the country has emerged from war and that the British troops had withdrawn without needing to be replaced. He said: "But I have to be pragmatic and say that, while the journey is not yet over, civilian causalities due to violence have dropped to their lowest level since 2003, so we are well within sight of where we want to be. Early movers and investors will clearly have a great advantage." Baroness Nicholson, Chairman of the IBBC said, "With support at the highest levels of both the Iraqi and British Governments, as well as from key financial institutions in the City of London and worldwide, IBBC and TBI will be able to contribute to the growing strength of Iraq's financial and professional services sectors, thereby building a stable future for Iraq and its people." There are many economic success stories in Iraq to date: The Central Bank of Iraq (CBI) has maintained an effective and conservative monetary policy. The dinar has remained remarkably stable and is likely to continue to do so, as attested recently by the IMF, which stated that the Iraqi dinar was close to fair value at the beginning of 2011. The core inflation rate, as per released data by the CBI, rose to 5.5% in February 2011, which fares well against the MENA average. Increased oil prices coupled with boosted oil production has lead to higher revenues. The Ministry of Oil announced that monthly oil revenues increased by 43 per cent year on year on the back of higher oil prices and production increases from the 11 International Oil Company (IOC) deals signed in 2009; three of these major oil fields are already surpassing their oil production targets for 2011. Wheat production almost doubled in 2009, and check points throughout the country have been eased. Furthermore, measures have been introduced to aid foreign investment, such as new courts to protect foreign investors, reforms in arbitration, the lifting of the last of the UN Chapter Seven sanctions and collaboration with the WTO. http://www.tbiraq.com/en/news-and-achievements/news/2011/iraq_day_press_release/
  4. This evening, Obama informed the World Court that as long as he was President of the US, he would not sign off on the Global Settlements. As evidenced by Bonney’s letter referenced and cited in WH report #23, the income taxes paid to the US from a few GS recipients would almost pay off the national deficit and with tax revenues generated from other recipients involved collaterally in the Global Settlements, the US government would experience a surplus. And publicly the debate rages over whether the US needs to raise the debt ceiling when the solution is being ignored by Obama. With impeachment proceedings on the horizon, could criminal charges for tax evasion be far behind? The entire world is on pins and needles watching the pending close of the World Global Settlements tomorrow which triggers the Revaluation of the Iraqi Dinar and about 100 other countries at the same time. Obama got another burr in his mental craw and told the World Court he has absolutely no intention of releasing the World Global Settlements while he is in office. My link
  5. It is the price of the share, not price of the IQD
  6. Vietnam is part of WTO, have been for years. Their currency has been the same for years, in fact it has went down in value. Just b/c Iraq is a member of WTO does not mean they will RV or RI there currency.
  7. same ole same ole same ole story, over and over and over and over and over..........and over again...........and again, again, again............................and AGAIN
  8. My link January 29, 2011 Vietnam may adjust VND/USD FX rate during Tet On January 27, The VND/USD exchange rate on the free market in Hanoi traded at 20,930 – 21.000 dong/US dollar (bid and ask), according to Lao Dong newspaper. Compared with the exchange rate that was quoted on the banking system at 19.500 dong/US dollar, the exchange rate on the free market is now higher than 10.7 percent. Statistically, the difference of 7-10 percent has been maintained for almost three months. Many opinions are very supportive about the exchange rate adjustment in this Lunar New Year. The market is waiting this news when only a few more days are left for the Lunar New Year. According to experts, the difference in the exchange rates has made it difficult for banks doing foreign currency business. It is worth mentioning that this bring more difficulties for export-import companies that have to accept the free foreign currency exchange rate. According to Thang Long Securities Corporation (TSC), the market, including commercial banks had in one way or the other accepted almost trading at the exchange rate of the free market. But the recent messages from the government are likely to make an adjustment in the exchange rate during the Tet festival this year. Professor Tran Hoang Ngan, member of Vietnam’s National Financial and Currency Advisory Council has proposed to the government to adjust the exchange rate right in January when the short-term funds into Vietnam tend to rise, the US dollar price tends to decrease on the free market along with information sources remittances of up to $8 billion. Besides, the information refers to the exchange rate that may be adjusted at 20.500 dong/US dollar and suggested that dong interest rates should be as high as reasonable to encourage people not to withdraw dong to buy the foreign currency. According to Pham The Anh, chief economist of TSC, the message shows the exchange rate adjustment will soon be implemented, and now the only problem is choosing the most appropriate time.
  9. My link January 29, 2011 Vietnam may adjust VND/USD FX rate during Tet On January 27, The VND/USD exchange rate on the free market in Hanoi traded at 20,930 – 21.000 dong/US dollar (bid and ask), according to Lao Dong newspaper. Compared with the exchange rate that was quoted on the banking system at 19.500 dong/US dollar, the exchange rate on the free market is now higher than 10.7 percent. Statistically, the difference of 7-10 percent has been maintained for almost three months. Many opinions are very supportive about the exchange rate adjustment in this Lunar New Year. The market is waiting this news when only a few more days are left for the Lunar New Year. According to experts, the difference in the exchange rates has made it difficult for banks doing foreign currency business. It is worth mentioning that this bring more difficulties for export-import companies that have to accept the free foreign currency exchange rate. According to Thang Long Securities Corporation (TSC), the market, including commercial banks had in one way or the other accepted almost trading at the exchange rate of the free market. But the recent messages from the government are likely to make an adjustment in the exchange rate during the Tet festival this year. Professor Tran Hoang Ngan, member of Vietnam’s National Financial and Currency Advisory Council has proposed to the government to adjust the exchange rate right in January when the short-term funds into Vietnam tend to rise, the US dollar price tends to decrease on the free market along with information sources remittances of up to $8 billion. Besides, the information refers to the exchange rate that may be adjusted at 20.500 dong/US dollar and suggested that dong interest rates should be as high as reasonable to encourage people not to withdraw dong to buy the foreign currency. According to Pham The Anh, chief economist of TSC, the message shows the exchange rate adjustment will soon be implemented, and now the only problem is choosing the most appropriate time.
  10. Just got off the phone with customer service, they said that its been like that since 2003..........and that there is no international rate at this time. That is all
  11. I called 5 different times from my skype account, yes it is real, but not anymore, now they are saying they do not deal with IQD......I called 5 different times before and they did.........I dont know whats going on
  12. Iraq sits on top of some of the world's largest oil reserves, although production has failed to grow significantly since the 2003 U.S.-led invasion and subsequent reluctance by private investors to mine the vast petroleum fields. There are an estimated 143.1 billion barrels of oil reserves in Iraq, valued at over $11 trillion, based on the $81.51 per-barrel price as of Friday. My link
  13. Im with Ohio Tom...............I call BS, he does this everytime
  14. Im located in Mobile alabama...........and a couple of days ago............They said the exact same thing at Wells Fargo
  15. Did everyone forget what happened last year on the 12th of november.......................I dont remember the banks being closed on nov, 11th of last year........................And why would obama be spending so much money just to go to dam india????? money we dont have.........................I think nov 12th is the day IMO.............we will see what happens...................I think it has taken a whole year to get this straight in the banking world IMO THEN AGAIN, HALF OF YA'LL WASNT EVEN ON HERE NOV 12TH 2009..................
  16. HAHAHAHAHAHAHHAHA...............I KNEW IT......................I CALLED IT FIRST PPL...........................................KNOWS IT NOT GOING TO SHOW, SO GIVING ANOTHER DATE WILL MAKE UP FOR IT WHEN IT DOESNT HAPPEN. HAPPENS OVER AND OVER AND OVER AND OVER...............................MY PERSONAL OPINION IS NOV, 12TH! ............IT WAS 1.49 FOR OVER 12 HOURS ON MANY DIFFERENT INTERNET SITES LAST YEAR..............I THOUGHT I WAS A MILLIONARE
  17. its hype so he can promote his lil drawing he is doing..............just tryin gto make those 7200 followers chip in 5 dollars a piece.........thats a lot of moolaaa.............hes a dumb*** for real
  18. you give a date...........then you say you had someone give you another date but in your opinion you doint think it will happen...................when the first doesnt happen, you will depend on the second date to get you through so you wont look stupid, and then it will be the same repeat process.............gets kinda old...................Scooter has my respect, i remember on the old chat before vip..............Scoot, keeep doin yo thang.........................every other rumor guru such as terryk, med, even sonny, ..............just quit giving dates, just gets old real fast, im sure other people that have been on here as long as i have, agree too
  19. THEY ARE AUCTIONING OFF THE CURRENCY STILL B/C THEY ARE TRYING TO RID THE MARKET OF THE LARGER DENOMS SO THE PRICE OF THE CURRENCY WILL RISE AND THE NEWER DENOMS WILL BE IN PLACE
  20. m Yes, but they might, the CBI, stop issuing new dinar close to RV to keep outside investment to a minimum...... Read more: They would not issue new notes b/c they are redenominating, not for keeping the outside investment to a minimum
  21. Pheniox, How did you come up with this in the first place? I remember you talking about this last year too
  22. Even though this seems to be disappointed, i find it to be possibly good, especially considering Iraq is debt free, they have kept the currency stable for years and they have a huge source of resources for income. If you all missed it, the article said that a redenomination could result with a revalue as well, but it is unlikely. I think this could be the situation with Iraq " However, it is possible for currency redenomination to occur (pari passu) with revaluation or appreciation, for instance, if on the day of redenomination in August 2008, the new exchange rate is fixed 1US$=NN1.25 when the exchange rate just before the redenomination was 1US$=N128 (with NN1.0 = N100)"
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