New banknotes to be introduced from beginning of 2013

[GotSix]

Just curious as to what people think this means? Removing the zeros. What does it mean and what how does it benefit Iraq to do it?

Removing the zeros from the Dinar would be like removing the stinger from your arse......think about it & you'll be able to answer your own question

Edited July 19, 2012 by GotSix

[WorkerBee]

Removing the zeros from the Dinar would be like removing the stinger from your arse......think about it & you'll be able to answer your own question

Oh, you are funny. I know what I think it means, I was just curious as to other’s thoughts. Did my question disturb you?

[leesburg]

"The zeros are removed for the purpose of increasing the value of Iraqi Dinars in a way that one Iraqi Dinar will be equal to one US Dollar,"

Read more:

Just curious as to what people think this means? Removing the zeros. What does it mean and what how does it benefit Iraq to do it?

to me it means the only way they can increase the value is to remove zeros ..now they way they have in the past explained .. the "in a way part ".. is by printing up new dinars that are more valuable .. .. and you will be able to exchange them at a rate of 1000 currenct dinars for one new one .. making the new dinar more valuable..... that alone will not work .. so they will also have to increase the value of the currenct dinars .. about 11%.. to get the exchange rate from 1166 dinars for one dollar ..to 1000 dinars for one dollar ..... to me it looks like we holders of this currenct dinar may be in for a 11% profit .. that was already eaten up by the dealers we purchased our dinars from ,, so it looks like a break even investment .. ... unless only the new dinar goes international.... and the currenct dinars dont..... then in that case we would need to sell our dinars to a dealer for about 20 % fee .. where as we lose money ... this is what most of the fake posters dont want to talk about .. they attack people for their opinions unless they are the same as their opinion...... they say we are here to make people sell their dinars ... thats hardly the truth .. i still have my dinars ... and im not selling them till this is all said and done .. despite the angry attacks from the dopes

[cashman54]

all you need to do is read Adam's chat today. NO LOP. Funny how Lopsters never go to his chats and challenge him.

[rockfl9]

Leesburg has a good point ,although a DARK scenario!

From AM's chat "At some point the zeros will come off"""What does that mean? The "point" is the DATE! So he admits IT will happen. No...

[rockfl9]

I searched the last 2 chats and couldnt find that exact statement?? It stuck in my mind so I know I read it somewhere . So I need to retract it ..Maybe it was a Kaperoni chat???

[VanessaL4100]

sounds like you got a personal problem you need to get over

So disrespectful. Where are the mods?! Why is it that those who preach LOP are the most disrespectful, rude, inconsiderate, and insulting people? Why?

Edited July 19, 2012 by VanessaL4100

[caz1104]

So disrespectful. Where are the mods?! Why is it that those who preach LOP are the most disrespectful, rude, inconsiderate, and insulting people? Why?

Their massive ego's are frayed & and their insistent need to be right.Example- I read in a recent response on one of the threads where one of the LOPsters stated that the only place to find intellectual conversation was in the LOP section................mind boggling to say the least.

[Goldiegirl]

Thanks Carello, just catching up on the news...

One thing that puzzles me is they continue to mention oil revenue but not the Natural Gas.

Last year there were articles stating that the Natural Gas found in Iraq could exceed their oil revenues. There is much money to be made there....they just don't mention the other commodities..like the gold!!! Makes you wonder.

[sandstorm]

Their massive ego's are frayed & and their insistent need to be right.Example- I read in a recent response on one of the threads where one of the LOPsters stated that the only place to find intellectual conversation was in the LOP section................mind boggling to say the least.

Please, quit stirring the pot. you dont like what they say....so now your creating more drama......instead of staying on topic. hey caz, anything dinar related youd like to talk about today.

[Sanssouci]

all you need to do is read Adam's chat today. NO LOP. Funny how Lopsters never go to his chats and challenge him.

No, they'll just sit in LOP Talk and try to pick apart his claims to higher education, like attending Harvard University. But when it comes to a "LOP gooroo," like John Jagerson, his credentials are automatically unassailable and sacrosanct.

Edited July 19, 2012 by Sanssouci

[PacoTaco]

Sweet!

[Sanssouci]

So disrespectful. Where are the mods?! Why is it that those who preach LOP are the most disrespectful, rude, inconsiderate, and insulting people? Why?

Not to mention extremely condescending.

[VanessaL4100]

Not to mention extremely condescending.

Glad I'm not the only one who notices their awful attitudes.

Needless to say, thanks Carello for the article posting. Great news indeed

[SocalDinar]

Thanks Carello, just catching up on the news...

One thing that puzzles me is they continue to mention oil revenue but not the Natural Gas.

Last year there were articles stating that the Natural Gas found in Iraq could exceed their oil revenues. There is much money to be made there....they just don't mention the other commodities..like the gold!!! Makes you wonder.

Hey Goldie,

Good to see you catching up. Heres some gas news

Shell to start pumping gas at southern Iraq project

Royal Dutch Shell plans to start pumping gas from its gas joint venture in southern Iraq in the next three weeks at 60 million cubic feet per day, Iraq said on Wednesday.

July 12, 2012 11:36 by Reuters

Royal Dutch Shell plans to start pumping gas from its gas joint venture in southern Iraq in the next three weeks at 60 million cubic feet per day, Iraq said on Wednesday.Shell and Mitsubishi Corporation signed a $17 billion deal with Iraq last November to capture flared gas at the country’s southern oilfields, which burn off more than 700 million cubic feet of gas per day.Hans Nijkamp, Shell vice-president and head of the company’s Iraq projects, told Iraq Deputy Prime Minister for Energy Hussain al-Shahristani that output would be increased by a further 40 million cubic feet a day several weeks after pumping starts, a statement from Shahristani’s office said.Officials have said that the project will handle 2 billion cubic feet per day by 2017.The gas will be used as feedstock for the petrochemical industry and should also help to boost power inIraq, which has a chronic electricity shortage, officials say.

http://www.kippreport.com/2012/07/shell-to-start-pumping-gas-at-southern-iraq-project/

Pakistan Petroleum Signs Iraq Gas Deal

Iraq on Sunday signed a preliminary deal with a Pakistan Petroleum to explore for natural gas in eastern Iraq, various media reports said.

During the country's 4th energy auction, the Pakistani company won exploration rights to work in a 6,000 square km block stretches in Iraq's eastern provinces of Diyala and Wasit with presumed natural gas reserves.The company offered 5.38 U.S. dollars per barrel of oil equivalent which was accepted by the Iraqi ministry.Iraqi government managed to sell exploration rights to only three of 12 oil and natural gas exploration blocks in a two-day energy auction. In addition to Pakistan Petroleum, two other contracts were offered to Kuwait Energy and Lukoil.

http://www.naturalgasasia.com/pakistan-petroleum-signs-iraq-gas-deal

A Kuwait-led consortium has inked a preliminary deal with Iraq to explore for oil and gas in the country.Associated Press has reported that the consortium will focus on Iraq’s energy rich southern parts.

Earlier this year, Kuwait Energy and partners, Turkey's TPAO and the UAE's Dragon Oil, won the rights to explore the 900-square-kilometer (350-square-mile) Block 9 in the southern province of Basra in Iraq's fourth energy bidding round. The group will be paid $6.24 for each barrel of oil equivalent.It is one of four deals Iraq awarded in May's bidding round to search for oil and gas. Others will be signed this month.

http://www.naturalgasasia.com/iraq-pens-oil-gas-contract-with-kuwait-energy

[sandstorm]

No, they'll just sit in LOP Talk and try to pick apart his claims to higher education, like attending Harvard University. But when it comes to a "LOP gooroo," like John Jagerson, his credentials are automatically unassailable and sacrosanct.

How about conflict of interest. do you think your local pizzeria, will tell you they have bad pizza? Dont think so. or asking your real estate agent if you got a good deal? No it was a bad decision. very unlikely....conflict of interest

[zigmeister]

Hey Goldie,

Good to see you catching up. Heres some gas news

Shell to start pumping gas at southern Iraq project

Royal Dutch Shell plans to start pumping gas from its gas joint venture in southern Iraq in the next three weeks at 60 million cubic feet per day, Iraq said on Wednesday.

July 12, 2012 11:36 by Reuters

Royal Dutch Shell plans to start pumping gas from its gas joint venture in southern Iraq in the next three weeks at 60 million cubic feet per day, Iraq said on Wednesday.Shell and Mitsubishi Corporation signed a $17 billion deal with Iraq last November to capture flared gas at the country’s southern oilfields, which burn off more than 700 million cubic feet of gas per day.Hans Nijkamp, Shell vice-president and head of the company’s Iraq projects, told Iraq Deputy Prime Minister for Energy Hussain al-Shahristani that output would be increased by a further 40 million cubic feet a day several weeks after pumping starts, a statement from Shahristani’s office said.Officials have said that the project will handle 2 billion cubic feet per day by 2017.The gas will be used as feedstock for the petrochemical industry and should also help to boost power inIraq, which has a chronic electricity shortage, officials say.

http://www.kippreport.com/2012/07/shell-to-start-pumping-gas-at-southern-iraq-project/

Pakistan Petroleum Signs Iraq Gas Deal

Iraq on Sunday signed a preliminary deal with a Pakistan Petroleum to explore for natural gas in eastern Iraq, various media reports said.

During the country's 4th energy auction, the Pakistani company won exploration rights to work in a 6,000 square km block stretches in Iraq's eastern provinces of Diyala and Wasit with presumed natural gas reserves.The company offered 5.38 U.S. dollars per barrel of oil equivalent which was accepted by the Iraqi ministry.Iraqi government managed to sell exploration rights to only three of 12 oil and natural gas exploration blocks in a two-day energy auction. In addition to Pakistan Petroleum, two other contracts were offered to Kuwait Energy and Lukoil.

http://www.naturalgasasia.com/pakistan-petroleum-signs-iraq-gas-deal

A Kuwait-led consortium has inked a preliminary deal with Iraq to explore for oil and gas in the country.Associated Press has reported that the consortium will focus on Iraq’s energy rich southern parts.

Earlier this year, Kuwait Energy and partners, Turkey's TPAO and the UAE's Dragon Oil, won the rights to explore the 900-square-kilometer (350-square-mile) Block 9 in the southern province of Basra in Iraq's fourth energy bidding round. The group will be paid $6.24 for each barrel of oil equivalent.It is one of four deals Iraq awarded in May's bidding round to search for oil and gas. Others will be signed this month.

http://www.naturalgasasia.com/iraq-pens-oil-gas-contract-with-kuwait-energy

Thanks SD for the response.

[nostradamus]

Lopsters have claws and they like to pinch, best thing to do with a lopster is to rip it's claws off and throw it into a pot of boiling water.

Just kidding, don't bother with the claws, just throw it into the hot water.

[JWJW11]

How about conflict of interest. do you think your local pizzeria, will tell you they have bad pizza? Dont think so. or asking your real estate agent if you got a good deal? No it was a bad decision. very unlikely....conflict of interest

So what your saying is.....Adam is full of crap and just trying to keep the site moving and selling VIP memberships? He knows its guna lop but he's not gunna be honest with us dur to his conflict of interest?

[Maggie123]

OH OH I see another train wreck coming... Quick get out of the way!

Thank You Carrello for the facinating article.

Edited July 19, 2012 by Maggie123

[caz1104]

OH OH I see another train wreck coming... Quick get out of the way!

Thank You Carrello for the facinating article.

[SocalDinar]

Lopsters have claws and they like to pinch, best thing to do with a lopster is to rip it's claws off and throw it into a pot of boiling water.

Just kidding, don't bother with the claws, just throw it into the hot water.

Our California Spiny Lopsters dont have claws so its just the tail we pull off the body.

Almost sad as they try to crawl away mortally wounded with no tail into the darkness of the abyss.

Almost.

Edited July 19, 2012 by SocalDinar

[Goldiegirl]

Hey Goldie,

Good to see you catching up. Heres some gas news

Shell to start pumping gas at southern Iraq project

Royal Dutch Shell plans to start pumping gas from its gas joint venture in southern Iraq in the next three weeks at 60 million cubic feet per day, Iraq said on Wednesday.

July 12, 2012 11:36 by Reuters

Royal Dutch Shell plans to start pumping gas from its gas joint venture in southern Iraq in the next three weeks at 60 million cubic feet per day, Iraq said on Wednesday.Shell and Mitsubishi Corporation signed a $17 billion deal with Iraq last November to capture flared gas at the country’s southern oilfields, which burn off more than 700 million cubic feet of gas per day.Hans Nijkamp, Shell vice-president and head of the company’s Iraq projects, told Iraq Deputy Prime Minister for Energy Hussain al-Shahristani that output would be increased by a further 40 million cubic feet a day several weeks after pumping starts, a statement from Shahristani’s office said.Officials have said that the project will handle 2 billion cubic feet per day by 2017.The gas will be used as feedstock for the petrochemical industry and should also help to boost power inIraq, which has a chronic electricity shortage, officials say.

http://www.kippreport.com/2012/07/shell-to-start-pumping-gas-at-southern-iraq-project/

Pakistan Petroleum Signs Iraq Gas Deal

Iraq on Sunday signed a preliminary deal with a Pakistan Petroleum to explore for natural gas in eastern Iraq, various media reports said.

During the country's 4th energy auction, the Pakistani company won exploration rights to work in a 6,000 square km block stretches in Iraq's eastern provinces of Diyala and Wasit with presumed natural gas reserves.The company offered 5.38 U.S. dollars per barrel of oil equivalent which was accepted by the Iraqi ministry.Iraqi government managed to sell exploration rights to only three of 12 oil and natural gas exploration blocks in a two-day energy auction. In addition to Pakistan Petroleum, two other contracts were offered to Kuwait Energy and Lukoil.

http://www.naturalgasasia.com/pakistan-petroleum-signs-iraq-gas-deal

A Kuwait-led consortium has inked a preliminary deal with Iraq to explore for oil and gas in the country.Associated Press has reported that the consortium will focus on Iraq’s energy rich southern parts.

Earlier this year, Kuwait Energy and partners, Turkey's TPAO and the UAE's Dragon Oil, won the rights to explore the 900-square-kilometer (350-square-mile) Block 9 in the southern province of Basra in Iraq's fourth energy bidding round. The group will be paid $6.24 for each barrel of oil equivalent.It is one of four deals Iraq awarded in May's bidding round to search for oil and gas. Others will be signed this month.

http://www.naturalgasasia.com/iraq-pens-oil-gas-contract-with-kuwait-energy

Thanks SD...good to see the work they are doing there on these projects.

[starlight]

NO LOPPPP!

[Shelley]

So disrespectful. Where are the mods?! Why is it that those who preach LOP are the most disrespectful, rude, inconsiderate, and insulting people? Why?

just be happy your not married to one of these lopsters, I can't even imagine living on a daily basis with someone that is so depressed and negative !!!!