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What about the Iraqi dinar?Submitted by savcash on Sat, 03/12/2011 - 19:06.
They have elected a government, passed a budget, and have started pumping oil again (feb 3rd) See this as well >>copy>>
Iraq has a new currency to replace Iraq ’s two currencies, one of which was easily counterfeited and mostly circulated in a single denomination. Banks issue only the new currency and government employees paid in cash will receive their salaries in the new currency. Until January 15, 2004 the old and new currencies will circulate freely at a fixed exchange rate. Exchange between the old and new currencies is conducted at now charge at multiple exchange points around the country. The other financial market structures are strong: 95 percent of all pre-war bank customers have service and first-time customers are opening accounts daily. Iraqi banks are making loans to finance businesses. The central bank is fully independent. Iraq has one of the world’s most growth-oriented investment and banking laws. The new Iraqi dinar which is printed bu De La Rue company in the US and Great Britian, is valued at just 2 tenths of one cent today. The US treasury has a strong dinar policy and is working with the CPA (Coalition Provisional Authority) to reinstate a strong decentralized banking system in Iraq . By December 2004 there will be six Western Banks in Iraq and six Iraqi Banks outside Iraq in operation. In March Three banks were given licence to operate in Iraq, National Bank ofKuwait, HSBC Bank and Charter bank of England . [//] If you go to the IMF site, you will see their GNP is over 11% while USA is 2 something. They just requested to belong to the UN, and they need a valuable currency to do this. Therefore, the dinar needs to REVALUE and to that end, is considered a great investment for thousands. Another great site to check out is http://www.midnightthinktank.com however, if you wish to buy you can also do so at many banks, 5th 3rd and huntington -best hurry it is said to be happening soon now. Good Luck Betty The choices we make, not the chances we take,determine our destiny.
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the sun will come up tomorrow
The dinar is an investment, like all investments one should use common sense. Do your homework. $100.00 at fifth third bank, will buy you $100,000.00 (with a slight 16?? handling fee) one thousand will buy you one million dinar (give or take alittle) and sooner or later..........?????
One such site that sells them - their last video speaking with the CEO Ali of dinartrade.com
Based on one million iqd.
$0.01 $10,000
$0.10 $100,000
$0.20 $200,000
$0.50 $500,000
...$1.00 $1,000,000
$1.49 $1,490,000
$2.47 $2,470,000
$3.27 $3,270,000
$3.89 $3,890,000
http://www.youtube.com/watch?v=dcFEXYb9JgM
and that oil,,,,,,,, Iraqi oil officials seek to reach a production target of 11 or 12 million b/d within the next few years. WOW that would help the price at the pump!
http://memrieconomicblog.org/bin/content.cgi?news=4345
Okie Dokie, grin, Betty
The problem is, America is NOT a Democracy - it is a Republic! As our Founding Fathers established, can we keep it?
Shabibi in DC 4-19-2011
http://vodpod.com/watch/6561222-cbis-shabibi-speaks-at-us-iraq-business-...
CBI's Shabibi speaks at US-Iraq Business Institute
----Dr. Sinan Al Shabibi - Governor, Central Bank of Iraq Dr. Sinan Al Shabibi has been the Governor of the Central Bank of Iraq since 2003. Prior to that, Dr. Al Shabibi was a Senior Consultant on Trade, Debt, and Finance, as well as a Senior Economist, to the United Nations Conference on Trade and Development in Geneva, Switzerland. While at the United Nations, Dr. Al Shabibi managed projects for implementing analytical and institutional aspects of debt management including the UN Conference on Trade & Development (UNCTD) Debt Management and Financial Analysis System in several Arab countries. Dr. Al Shabibi began his career as the Head of the Importation and Marketing Section at the Iraqi Ministry of Oil and as Chief of the Preparation and Coordination Division at the Iraqi Ministry of Planning. Dr. Al Shabibi is a 1966 graduate of Baghdad University, a 1971 graduate of the University of Manchester, and a 1975 graduate of the University of Bristol, with a PhD in Economics. see http://articlesofinterest-kelley.blogspot.com/2011/04/cbis-governor-sina...
--snip-- link ~ Must read - UNCTAD Trade and Development Report 2009 "The report points to the importance of stabilizing real exchange rates at a sustainable level. Such a system would go a long way towards reducing the scope for speculative capital flows that generate volatility in the international financial system and distort the pattern of trade. A stable real exchange rate (RER) at a competitive level would achieve a number of targets simultaneously" Profile: Sinan Shabibi Consultant on Trade, Debt and Finance. Was until retirement a Senior economist at the United Nations Conference on Trade and Development (UNCTAD). Undertaken research on Financial flows, Economics of disarmament, Balance of Payments, External debt, Globalisation, and the Iraqi Economy. Managed projects for the implementation of policy, analytical and institutional aspects of debt management including the implementation of UNCTAD's Debt Management and Financial Analysis System (DMFAS) in several Arab countries. Familiar with the macroeconomic and operational aspects of the "Debt Sustainability Model (DSM)" of the World Bank, and with the HIPC initiative.
[//]
I liked- "well if I had answer I couldnt tell you" government, Ha! Betty
The problem is, America is NOT a Democracy - it is a Republic! As our Founding Fathers established, can we keep it?