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Everything posted by mauser

  1. I finally located a WF bank that knew what a De la rue Machine was and if they had one. This was about four weeks ago. I call Dallas/Ft Worth, LA & San Diego, CA and finally Miami, FL. The currency exchange mgr. informed me that De La Rue machines are for PRINTING currency, NOT, reading currency. They did have a machine to read foreign currencies if in large volumes but was not needed. All employees are trained to identify counterfeit bills in any currency. I just wish people would stop saying a De La Rue machine reads foreign currency.
  2. Where are all those oil tankers anchored off the coast of Iraq waiting to ship OIL???!!! I have no idea if anyone has taken the time to look but the only SHIPS in the Middle East is going through the Suez Cannel. These are Container Ships, not ships that carry petroleum. I searched the Gulf of Suez, Gulf of Aqaba, Red Sea, Gulf of Aden, Gulf of Oman, Persian Gulf, Mediterranean and the Arabian Sea, Strait of Hormuz, Gulf of Tadjoura and the Gulf of Kutch..... and NO SHIPS... I tried to post a response on Recraps numerous times but am not allowed to question the masters of Bravo Sierra and the almighty delete button.
  3. Check the CBI web page @ 0330 EST and the site was back up... darn thing was..... the rates had not changed...
  4. I always check the CBI site to see if the RV has happened. Last night all the currencies were listed with the same amounts as in the past. This morning, there are no amounts on any of them. At the end of Dec. 6 of 9 were replaced with dashes but today nada... Just an observation.
  5. This web site shows all the countries and central banks belonging to the BIS.... Iraq is one of them. Iraq's central bank's web site is the same site it always has been showing the current currency exchanges.
  6. Tony Bologna - the only organization that can say what a countries currency is worth and announce it is the Central Bank of that country... The IMF and WB give loans, NOT dictate what a currency is worth... get it right Toni....
  7. It will talk them three days to see the last man standing "I TOLD YOU IT WOULD BE TODAY"
  8. Spoke to a good friend, who extensive portfolio, and explained to him about the ISX. He contacted his Manager/Financial Advisor/Registered Financial Consultant on getting in on the ground floor in the ISX and how to proceed. The following is what he stated: Thanks for your email and for taking our call. We contacted several resources, all of whom stated that there isn't, that they know if, any schedule Initial Public Offering (IPO) for the Iraqi Stock Market and also, that Nasdaq is only helping them with their electronic trading/profile. The links below should also set forward some additional information - we'll keep looking.. If any more information comes to light concerning the ISX and being able to get involved I will pass it on...
  9. -Comments must pertain to the post -No profanity – even if abbreviated -No rude comments -No Negativity -No Fear Mongering –No bashing of Intel providers or forums -No outside links -No personal information -No Promotion of outside companies The Website Operators have the ability to edit or remove User Comments that are obscene, lewd, lascivious, filthy, excessively violent, harassing, or otherwise objectionable, and the Operators should follow through consistently and in good faith. Why is it a web site publishes guidelines like the above but not about pumping. With only 1% of the "intel" being somewhat accurate, an additional rule should be "NO PUMPING OF DINAR"... Oh, that's right... there wouldn't be anything to post.... The web site's name should be changed to "DBS"... only the best pumping post allowed, "integrity" not welcome...
  10. The only thing I know for a fact, when I left Iraq in Oct 09, no one, vendors or military personnel going off base could purchase dinar but only received 1k or less bills. You could get a better rate from the vendors, $800 per mil. but they only had the 1k notes and a few 5k. Prior to the only notes given were the 25k and you had to ask if they could get lower denominations. Figured it would be easier to cash in 1's, 5's and 10's than a 25k. the military and contractors were buying millions in country, and at the end before I left, it was all 1k notes for the most part. Army even said the shops could not even get enough money from the banks to run their businesses. Since I could not go outside the wire, I can not verify what I was told. There was some talk a month or so ago about that $27 - 30:1 rate. the talk was about "oil dinar or petrol dinar". when a country cashed in the dinar they received from cashing in for their citizens, they would then trade the dinar for oil or gas and Iraq would give them the $27-30 rate per dinar to pay for it. Makes since being Iraq had a heck of a lot of G&O. Kurdistan has found at least 5 major oil fields in as many years. Iraq could do the same if they would get their act together I am in total agreement that amount is not for us. the 1:1 to me would seem a little low to start, there are investors out there that can afford to spend 1mil in hopes of making 2 or 3 to 1 off the investment over a short period of time. Iraq was told by Kuwait that when the RV'd they could not go above their currency's value, that is in 2008. The $2 range would take a lot of investors out of the picture. What happens after that is up to the float. I had a conversation with a gentleman in Aug this year who work for the IMF for 20yrs and WB for 10 years, now retired and working as a consultant for ???? With all the guru's saying the IMF and/or the WB will pull the trigger is a complete contradiction to he said. Only the Central Bank of that country say's what the rate will be. They decide how much, when the currency changes. I asked about the IQD.... he stated bad investment and would not go up in value. They have no exports other than oil and the security and government is so corrupt. When I said I was invested he shut up. Said he probably should not have said anything. the only thing I do is check the CBI web site and see what the rate is. I say "well, 5 more days"
  11. I know a lot of people have noticed that if you reply to someone's post (DR) and it does not pump the RV or Dinar, it never gets posted. No bashing, beating, trashing or what ever you want to call it, the moderators do not post your reply. Point: If anyone wants to look back in the Iraqi news from May 2009, give or take a few weeks either way, Iraq made an announcement that they were removing the bills with 000. By Oct. of 2009 no one could buy or find a 25k or 10k note and very, very few 5k notes. Did not matter if you went to a vendor or a bank, 95% of the notes you could get were 1k, some 500 and 250 notes. The military would go out and buy dinar for the contractors who could not leave the base. So this big news they are taking these notes off the streets is old hat. As far as respect for the DR web site... not any more. Turns out to be just a Dinar Gas Station. pump the dinar. I have a friend that I worked with in Iraq from 07 - 09, and daily (at least 30 - 50 times) he would ask me if "We rich yet!?" and my response since Sept '07' has been "5 more days". When the CBI (central banks of all countries govern what that countries rate will be, NO ONE ELSE) shows the rate on their web site, is the time it will be international. If a contractor in Iraq has received or is receiving that $27+ rate a couple individuals say their husband received for the dinar. They might want to check the spouses passport, this would explain why he is not coming home for R&R. There would not be a contractor working in those conditions in the ME if they were invested in dinar and it cashed in at 27:1. The people who have been in Iraq, military or working, know what I am talking about. That's it, just had to vent. Posted 6 replies on DR over the past 4 days and not one was accepted. Since I am not up to getting that golf ball through a garden hose and don't intend to, I give up on them.
  12. I wonder how many investors will name their new born children names like; Dinarian, dinaretta, R. V. Smith? You know, some name to reflect their obsession with the dinar over the past humpteen years... the bourbon has me wondering...
  13. Went to help the wife pick up a bed that was on Craig's list here in SW FL. The gentleman's wife had pass on and was moving up to Longboat Key. He mentioned he had been married twice and both wives had passed and that he had worked for the IMF for 20yrs and the World Bank for 10 before retiring and now working part time as a consultant for different companies. I asked if the IMF and/or World Bank dictates or governs a countries currency rate (I asked this since soooo many well informed people on numerous sites have people in high places in numerous 3 letter organizations and have inside scoop). He stated the IMF only give loans to countries and the only organization that has control over a counties currency, increase or decrease in value, is the Central Bank of that country. No one else. He went on to give an example, China, that their currency is way under valued. This is due to all the exports and very little imports. This is where they get their money and they can and do, keep the value low. I brought up Iraq and Iran. Too much unrest, corrupt politicians, and uncertainty in the region. The more a country holds US $'s the more their currency will be worth, the less they have the less it's worth. He stated that Iraq does not need to increase the value of their currency due to all the oil they have. They don't need to increase the value of their money, they get their money from the oil. Not exports. He also stated if the Iraqis done away with the Prime Minister that the value would go down drastically due the civil war it would create in country. He stated it would be a very, very high risk venture with Iraqi currency. I then stated I was invested in the dinar. He then said he probably shouldn't have said what he did. I told him I appreciated the information and I have not lost money so far and could sell it and make a small profit. He then stopped discussing currency and the wife and I left. The information he stated above was before I asked about the dinar. I sure hope it is not true but makes one wonder. I have been in this since Oct 2007 and thought it was coming to an end but he sure has me a little concerned.
  14. Vietnam is not under any santions and their currency is worth 20855 VND - 1 USD.... and the banks will cash this in for you... But.... Iraq, even if they RV (when ever), banks will not and can not do anything with their currency without CH 7 being lifted.... a santion is a santion... if they can't play with the rest of the world it don't matter what or when they RV/RI, we still won't be able to cash out... even the foreign banks are not accepting IQD, not allowed... santions guru's, santions. Santions not lifted, no can play...
  15. HERE IS ANOTHER ARTICLE. 02/06/2012 14:13 ERBIL, June 2 (AKnews)- Today Iraqi President Jalal Talabani will ask Osama al-Nujaifi, speaker of the House of Representatives, to conduct voting on withdrawing confidence from Prime Minister Nouri al-Maliki, a source said. Since the required number of MPs (164) has signed to withdraw confidence from Maliki, the president will order the voting, an informed source form the Iraqiya List who demanded anonymity said. Iraqiya Leader Ayad Allawi who held a press conference in Erbil's Rotana Hotel today declined to comment on the issue. "The stability and security of Iraq, reinforcing democracy and rule of law and developing economy are our priorities," Allawi told the reporters. Iraqiya which came first in 2010 public elections, narrowly followed by SLC, is now collecting signatures to withdraw confidence from PM. Iraqiya Spokesperson Maysun al-Damluji said yesterday that the legal quorum (164 MPs) have signed to strip off Maliki from confidence. She added the demand will be submitted to Iraqi President Jalal Talabani for completing the process. Talabani is yet to announce his stance with regard to the issue. Though he participated in two summit meetings of political leaders in Erbil and Suli, he did not sign any agreements worked out at the meetings. Four major leaders, namely Kurdistan's President Massoud Barzani, Allawi and Nujaifi of Iraqiya List and Sadr Current Leader Muqtada al-Sadr, have launched the campaign to replace Maliki. They have met three times so far, once in Erbil, the next time in Najaf and the last time three days ago in Dokan, Suli. Sadr, Barzani and Allawi have all condemned Maliki's method of ruling and stressed they won't allow for "return of dictatorship" to Iraq. Yesterday Iraqiya MP Hadi al-Dalemi said his bloc is studying a proposal which requires Maliki to resign so that he is guaranteed that he will not face prosecution for the six years of his ruling. By Rebin Hassan LH/AKnews DANG, COPIED AND PASTED THE WRONG ONE... MY BAD...
  16. Plans have been announced to build a modern abattoir outside Kirkuk City at a cost of $5 million (6 million Iraqi dinars), according to AKnews. Falah al-Bazzaz, Chairman of Kirkuk Investment Commission, said the project is the first of its kind and will be built on a site of 40 acres. The development will also include a livestock market with capacity for 150 cows and 300 sheep. A Turkish company, named in the report as “Jameson“, will develop the project with the help of two Iraqi companies, Durrat al-Faisial and Sama al-Biet al-Saeid. Director of the Municipality of Kirkuk, Abdul Karim Hassan, commented: “The project is very important because it will contribute in the treatment of environmental pollution and put an end to the slaughter and breeding of sheep in residential neighborhoods.“ Sooooo, what’s the take on this new article… $5 million should be 5.85 billion…
  17. Announcement No. (2124) The latest daily currency auction was held in the Central Bank of Iraq on the 29-APR-2012. The results were as follows: Details Notes Number of banks 15 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 132,296,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 132,296,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  18. Announcement No. (2122) The latest daily currency auction was held in the Central Bank of Iraq on the 25-APR-2012. The results were as follows: Details Notes Number of banks 17 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 118,688,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 118,688,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  19. Iraq Halts Plans to Drop 3 Zeros from Dinar Posted on 13 April 2012. Tags: forex, IQD, iraqi dinar, re-denomination, re-valuation, Redenomination, revaluation Iraq has decided to hold off on a plan to knock three zeros off the nominal value of bank notes of its currency because it does not believe the economic climate is suitable, reports Reuters. The central bank said last August that it planned to redenominate the Iraqi dinar to simplify financial transactions in an economy that is still heavily centralised and dominated by oil, and where deals are often carried out in cash. The proposal to restructure the dinar to bring more liquidity into the market has been awaiting parliamentary approval since last year. On Thursday, a statement on the website of the cabinet secretary said the cabinet had decided to halt all procedures relating to the redenomination of the dinar “until further notice”. “The economic committee discussed this issue and so did cabinet … There is a possibility that it could cause some problems in the economic situation. Besides that, this operation is so big that cabinet sees circumstances are not right to control this,” cabinet secretary Ali al-Alaq told Reuters. “We have more than 30 trillion dinars in circulation. To withdraw this amount from the market and then to examine them and to dispose of them is a huge process. Even the technical and the monetary capabilities to control a process like this, we consider as insufficient and it is not seen as a priority currently,” Alaq said. The central bank says Iraq’s large foreign reserves, which have risen to a record $60 billion on the back of high oil prices, will shield it from any damage to its financial system on the national level. (Source: Reuters)
  20. Ban Ki Moon stated at the last UN meeting on Iraq that next meeting to see if Iraq had got their act together concerning Chap 7 would be JUNE 2012. I sure don't want to see Sept... but the way Maliki is going... everything will down the tubes in short order... Possibly JUNE?? BUT?!?!
  21. I don't see how Ban Ki Moon is in Iraq when he is/was speeking in NY today ... as per the web site.... try again...
  22. FROM THE "IRAQ BUSINESS NEWS" WEB SITE DNO Updates on Operations in Kurdistan Posted on 02 April 2012. Tags: DNO, Kurdistan, oil contracts, oil exports, Peshkabir, Tawke Following Sunday’s statement from the Kurdistan Regional Government stopping oil exports from the region, Norway’s DNO International has issued the following statement: As of 1 April 2012, the Ministry of Natural Resources of the Kurdistan Regional Government (KRG) has instructed DNO International ASA to halt delivery of that portion of crude oil produced from the Tawke oil field that was destined for the Iraqi national pipeline system for eventual export through Turkey. All other Tawke crude oil and refined product deliveries and field operations remains unaffected. All exploration and development operations on wells Peshkabir-1, Tawke-14, Tawke-15 and Tawke-1A, continue as before and as per plan. (Source: DNO) Posted in Oil & Gas0 Comments Oil Exports from the Kurdistan Region Halted Posted on 02 April 2012. Tags: Kurdistan, oil contracts, oil exports The export of oil from the Kurdistan Region of Iraq has been stopped from today because the federal government in Baghdad has not honoured its payment commitments, Kurdistan’s Ministry of Natural Resources (MNR) said on Sunday. “After consultation with the producing companies, the Ministry has reluctantly decided to halt exports until further notice. There have been no payments for 10 months, nor any indication from federal authorities that payments are forthcoming,” the MNR said. It added, “We hope that this is a temporary measure and that those in the federal government responsible for non-payment will quickly realise that their failure to adhere to their agreements is not in the interests of the Iraqi people.” No payment has been received since May 2011. “Once this unfortunate non-payment situation has been satisfactorily resolved we will do our utmost to increase exports above the target of 175,000 barrels per day included in the 2012 Iraq budget,” the Ministry said. “From now on, production will be diverted to the local market for processing and refining to generate an alternative source of cash flow for the producing companies.” (Source: KRG)
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