suntiger

August 2, 2011

http://www.alsumaria.tv/en/Iraq-News/1-67141-F16-fighters-to-help-Iraq-halt-borders-transgressions%2C-State-of-Law-MP.html

Monday, August 01, 2011 17:24 GMT

A Member in State of Law Coalition headed by Iraq Premier Nouri Al Maliki said on Sunday that transgressions on the Iraqi borders cannot be halted but by using F16 fighters and added that the sovereignty and reverence of Iraq in the region will not be complete without these airplanes adding that Al Maliki’s announcement of the willingness to double the number of bought airplanes is great news for all Iraqis.

MP Ahmad Al Abbasi said during an interview with Alsumarianews that the fact that the government doubled the number of bought F16 airplane is great news and pointed that it’s good news because a country that does not have air coverage cannot defend its rights and belongings.

Al Abbasi added that during the last period Iraq borders were transgressed so many times and it is not possible to protect the same and to halt these actions but by having a strong air force since helicopters cannot cover a large area.

Member in State of Law Coalition said that part of the state dignity comes from having diversified arms and added that Iraq’s sovereignty won’t be complete without these airplanes. However he discarded that the fact that Iraq has these airplanes might affect its neighbors.

“If Iraq has 36 airplanes that don’t mean that they will be used to fight against neighboring countries” Al Abbasi said, adding that the policies of the former regime created the idea that Iraq has arms to fight against its neighbors.

Iraq Premier Nouri Al Maliki had said during a press conference in the parliament headquarters that the F16 contract will be doubled and Iraq will buy 36 airplanes instead of 18. Maliki added that the price of the airplanes will be paid from the excess of Iraq oil exports as oil prices increased.

Iraq delayed the initial purchase of the jets after putting USD 900 million of allocated funds into its national food program to ease pressure from Iraqis protesting against poor basic services.

July 29, 2011

If a redenomination happens, many people will end up not making back all that they have put into the dinar. The added costs of dealer pricing shipping and fees to exchange back to USD would, for many people, cause this to be a loss overall. Those that have held dinar for several years, like when it was 2000 IQD to the dollar, would be in a better position in that scenario than those that purchased at 1170.

If a redenomination happens and there is an RV to the currency set that we hold, then it opens up the possibility for a profit even for those that have only held the dinar for a short period of time, depending on what the rate goes to.

Iraq didn't get into this situation in one night, and IF they choose redenomination it is simply one step in the process of increasing the purchasing power of their currency. While the move itself would be neutral in value, it would allow for higher jumps in value as their foreign reserves increased.

Right now if they increase their foreign reserves by $6 billion USD, that value gets spread over close to 60 trillion dinar (according to CBI financials). In that case each dinar could only go up by like a 1/10,000th of a cent.

If they redenominate and had that same increase in foreign reserves, it would only be spread over 60 billion dinar and each dinar could go up by 10 cents.

If they do what has never happened before and RV to 100's to 1,000's of times the current rate, then all the above is a moot point.

Iraq can also decide during the redenomination that they will not accept any currency outside of Iraq. I am fairly certain this is what happened with Ghana! It is a possibility!

July 29, 2011

Anyone ever heard anything good about RMP Enterprises Ltd? Thanks for any info!

July 26, 2011

http://www.alsumaria.tv/en/Iraq-News/1-66935-Taxes-and-tariffs-law-soon-to-be-implemented-in-Iraq.html

Tuesday, July 26, 2011 13:17 GMT

Taxes and tariffs law soon to be implemented in Iraq

Iraq’s ministerial council announced on Sunday that the law of taxes and tariffs that will include mainly imported goods and products which can be manufactured locally.

The products and goods that are directly consumed by the people will be exempted from tariffs, the ministerial council confirmed.

In a statement to Alsumarianews, ministerial council economic advisor Abdul Hussein Al Ankabi stressed that the law of taxes and tariffs is an important and essential law that will be implemented soon noting that the products which are increasingly consumed by citizens will be exempted from taxes and tariffs.

Goods that are highly subject to tariffs and taxes are products that can be manufactured locally but are not due to competition and prevalent imported goods. The taxes law is a corrective law that will help local products and industries, Al Ankabi said.

Iraq’s government announced on February 21 that it has decided to suspend the law of increasing taxes on imported goods which was expected to be implemented in March. The law was suspended until further notice.

At the end of January, the Iraqi government issued a decision to implement tariffs on imported goods starting February. The legal advisor of Prime Minister Nuri Al Maliki announced however that the government might not rush the decision implementation in fear of a price drop in local markets.

This decision requires legislation from Parliament, the adviser concluded.

July 26, 2011

Seriously what planet are you from ....... a $100 bill is the same value no matter if its fresh off the printing press or it has been handled by 1 million people ..... it's still $100 the only difference in exchange rate you will get will be the spread between different banks ....

Circulated or un-circulated ..... its all the same all notes have to be redeamed for face value by all financial institutions

You seem to think you know everything! mqchau did state overseas and that does not only encompass the area you are in. When going to United Arab Emirates my friend who works there takes the newer 100 dollar bills for currency exchange because the alot of the local exchanges tend to pay less for older 100 bills. If you are in the US and go to a bank then NO it would not matter because 100 is 100 in America! Now as far as Iraq money it would depend on the place you would be exchanging!

July 26, 2011

Wow, another currency press release today. When these rashes of financial news stories come out that seem to contradict or make changes from previous ones, I get excited.

Remember 2005, China saying it wasn't going to revalue till later on in the year, after speculators went wild over rumours? .

http://www.chinadaily.com.cn/english/doc/2005-05/12/content_441578.htm

The just a month later they revalued.

http://en.wikinews.org/wiki/Chinese_yuan_revalued_against_dollar

Iraq, like China in 2005 is trying to keep the big currency speculators at bay with all this nonsense and it's working so far!

Did China ever come out with articles saying the were going to redenominate at that time to throw people off? NO!!

July 15, 2011

Title should read Iran to redenominate!

July 14, 2011

http://www.bbb.org/blog/2011/07/1798/

July 12, 2011

EVERY DAY for the REST OF MY LIFE, I will forever regret not trying to talk my x girlfriend out of an abortion!!! The day she found out she was prego, she was very upset that it would affect her body for future acting/modeling career. That day is forever burned in my memory! It was her choice, but I wish I had not been so easy to go along with it!

July 11, 2011

And if you had kept reading genius, I remembered and picked up on that......Maybe you should read through everything first before opening your mouth and removing all doubt of ignorance??? Just a suggestion.....

Another thought.....if you had the slightest idea of what I was speaking about (the Ernst and Young reports) You would know EXACTLY what I was talking about......the "article" does not line up with official documentation......you apparently would rather believe a news article just because it sounds good to you correct?? While I prefer to go off of REAL documentation contained in audit reports.....

So where is the credibility in believing a news article that doesnt make sense and add up to official reports?? LOL Come on princess, you gotta do better then that!!! If your gonna join a discussion, come correct and proper or stay in your seat.....dont come in here trying to talk down to me and mrfnhappy just because you dont like to hear about anything but unicorns, flowers, and fairy tales......

You do realize how ignorant you sound talking about you wishing you could ban someone because you disagree with what they are saying?? Thats probly one of the dumbest things to date Ive heard from your mouth and is exactly why that mentality doesnt belong here.....maybe you should find a new home where they except that kind of thought process because they dont want any sort of reality brought to the table and dont want anything questioned, but yet just want to hear how they will be a millionare one morning when they wake up.....

I do not know why you keep trying to explain to people who do not believe in the possibilty of redenomination. I gave up a long time ago. Yes I believe very much in redenomination unless those reserves increase alot. Just let people who do not understand money supply live in their own world.

For all the people who say I should just get rid of my dinar. I will let this ride out until the end because to me the money I have spent is already gone.

July 7, 2011

Your on point with what your thinking.....but alot of people are too busy listening to the gurus twist the information to mean its still going to be a straight up RV instead of thinking for themselves and realizing what they are actually talking about......

If they do happen do RD, my biggest question is if we will have access to the smaller denoms to exchange with so we can hold on until the rate gets higher before they make our bigger bills worthless.....

Why would you assume you can do an exchange? What if they come out in the redenomination and say they will not exchange currency out of the country? It can happen!

June 30, 2011

HA Ha HA lol ...... how naive are you ....... you do know that as of 2010 19.34% of the people on the planet live in China thats 1,339,724,852 people and that number will be more now lol ........ hmmm population of the US 311,657,000 roughly ..... so the US is about 1 billion people short just to match them from sheer numbers.

you may have 23 firearms but you only got 2 arms ...... anyway they wouldnt have to come over there and claim the land your house is on .. if your government defaults they would just own it lol

If our US goverment defaults yours will be next!!

June 29, 2011

http://www.cbi.iq/index.php?pid=CurrencyAuctions

The latest daily currency auction was held in the Central Bank of Iraq on the 29-JUN-2011. The results were as follows:

Details Notes

Number of banks 8

Auction price selling dinar / US$ 1170

Auction price buying dinar / US$ -----

Amount sold at auction price (US$) 73,730,000

Amount purchased at Auction price (US$) -----

Total offers for buying (US$) 73,730,000

Total offers for selling (US$) -----

June 29, 2011

I check currency converter in bank of baghdad, I found something great in this converter.

The result from this converter is 1 IQD = $1.60

You can check in this link:

http://www.bankofbaghdad.org/Content.aspx?pageid=32

I hope is this true,

Soeharto

You converted GBP British pound to dollar change it to IQD!!!!!!!!!!!!!

June 28, 2011

THANKS K98