why will the NID go on the FOREX

[THANOS]

OKAY CLASS lets come up with some REASERCH Here, WHY will the NID dinar go on the FOrex.

WHY will it go on, Not when will it go on

NO POLITICAL veiws ALLOWED please
PAy attention
WHY WILL THE NEW IRAQI DINAR GO ON THE FOREX
or WHY IT WILL NOT GO ON THE FOREXEDUCATED RESPONSES PLEASE ;)
okay class their is your assignement now go to work ;)

[THANOS]

why will the NID go on the FOREX?
or Why the NID will not go on the Forex?

[THANOS]

no politics go to the political thread for that

[THANOS]

any one have any info yet?

[RET]

Patience teacher! :D Some of the "students" are either studying up or working ... the info will come. :wave:

This thread will be a wealth of information when the posts start coming. Good idea, Thanos!

[THANOS]

thank you ret!

[RET]

From one teacher to another .... you are welcome. :huge:

[Dinardreams]

why will the NID go on the FOREX?
or Why the NID will not go on the Forex?

Iraqi News
21 November 2004 Volvo will provide construction equipment for Iraq
(MENAFN) Volvo Construction Equipment announced that it acquired a $30 million worth of contracts to provide Iraq with construction equipment. Through a statement Volvo declared that the contract states that Volvo will provide Iraq-within two years- with more than two hundred construction devices to be used in the country's rebuilding programs. Under the agreement, the Swedish company is supposed to deliver the first part of the equipment in Baghdad and Basra during November.
Copyright ©2000 MENAFN All Rights Reserved

Disclaimer: Trade Bank of Iraq and MENAFN are not responsible or liable for the accuracy of all information including but not limited to financial market data, news, stock quotes, energy rates, currency rates obtained from MENAFN modules and shall not be responsible for trading and investment decisions made based on such information. Therefore the accuracy of this information and its applicability to your needs are not guaranteed

A great example....`Companies....They are the threshold to go by...Big and for that fact..Giant Companies won`t spend their money in a loosing venue...I believe it is in the best interest of the Iraqi people to have a strong currency with a market value as high as any other world currency..They have pride in their money, since at one point it was worth more than the US dollar...I believe they still hold some of that pride and would like to see the Dinars reach similar highs again..But Companies are the ones to look at...They`re in it for the money and so are we...Good day :)

[Dinardreams]

Iraqi News
22 November 2004 Iraq-Procurement 2004 Conference starts today
(MENAFN) The second Iraq-Procurement 2004 conference started in Amman today. The organizers of the three-day conference stated that a large number of international and Iraqi companies as well as official delegations will be attending, the Jordan Times reported. One Iraqi official said that the conference aims at connecting Iraqi businesses and traders with global companies. He added that an exhibition will be held in order to enable the participants to showcase their goods and services. It's worth mentioning that the first like event was held last spring in the UK.
Copyright ©2000 MENAFN All Rights Reserved

Disclaimer: Trade Bank of Iraq and MENAFN are not responsible or liable for the accuracy of all information including but not limited to financial market data, news, stock quotes, energy rates, currency rates obtained from MENAFN modules and shall not be responsible for trading and investment decisions made based on such information. Therefore the accuracy of this information and its applicability to your needs are not guaranteed
:)

[Lux]

Well from what I see here, Volvo is making money not spending money. It's not like they are setting up shop in Baghdad. Not sure where you are going with this, but I do agree that it is a good sign.


Iraqi News
21 November 2004 Volvo will provide construction equipment for Iraq
(MENAFN) Volvo Construction Equipment announced that it acquired a $30 million worth of contracts to provide Iraq with construction equipment. Through a statement Volvo declared that the contract states that Volvo will provide Iraq-within two years- with more than two hundred construction devices to be used in the country's rebuilding programs. Under the agreement, the Swedish company is supposed to deliver the first part of the equipment in Baghdad and Basra during November.
Copyright ©2000 MENAFN All Rights Reserved

Disclaimer: Trade Bank of Iraq and MENAFN are not responsible or liable for the accuracy of all information including but not limited to financial market data, news, stock quotes, energy rates, currency rates obtained from MENAFN modules and shall not be responsible for trading and investment decisions made based on such information. Therefore the accuracy of this information and its applicability to your needs are not guaranteed

A great example....`Companies....They are the threshold to go by...Big and for that fact..Giant Companies won`t spend their money in a loosing venue...I believe it is in the best interest of the Iraqi people to have a strong currency with a market value as high as any other world currency..They have pride in their money, since at one point it was worth more than the US dollar...I believe they still hold some of that pride and would like to see the Dinars reach similar highs again..But Companies are the ones to look at...They`re in it for the money and so are we...Good day :)

[Mucho Dinaro]

why will the NID go on the FOREX?
or Why the NID will not go on the Forex?

At the risk of sounding like a simplistic idiot......wouldn't the reason FOR IT going on the FOREX be foreign investors and international commerce???

[regenpower]

I cannot find the Forex history so would anyone know if the Iraqi Dinar was ever traded on the Forex and what was the reason it was pulled and at what value?

Another question would be is if the Dinar never had a history on Forex why would it now?

[G.O.F.]

I cannot find the Forex history so would anyone know if the Iraqi Dinar was ever traded on the Forex and what was the reason it was pulled and at what value?

Another question would be is if the Dinar never had a history on Forex why would it now?

Yes it was, at a fixed rate of 3.21USD/1 IQD. The reason it was pulled was a little thing called the Gulf War in 1991.

[Dinar Eagle]

At the risk of sounding like a simplistic idiot......wouldn't the reason FOR IT going on the FOREX be foreign investors and international commerce???

Bingo, that is the overriding answer.

[robert_dinaro]

At the risk of sounding like a simplistic idiot......wouldn't the reason FOR IT going on the FOREX be foreign investors and international commerce???

There are many reasons why currency is traded on Forex.

It operates through an electronic network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another across the major financial centers.

Traditionally, investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971.

Why trade Forex?

The cash/spot forex markets possess certain unique attributes that offer unmatched potential for profitable trading in any market condition or any stage of the business cycle:

• A 24-hour market: A trader may take advantage of all profitable market conditions at any time; no waiting for the 'opening bell'.


• Highest liquidity: The forex market with an average trading volume of over $1.5 trillion per day is the most liquid market in the world. That means that a trader can enter or exit the market at will in almost any market condition minimal execution barriers or risk and no daily trading limit


• High leverage: A leverage ratio of 50 to 100 is typical compared to a leverage ratio of 2 (50% margin requirement) in equity markets. Of course, this makes trading in the cash/spot forex market a double-edged sword the high leverage makes the risk of the down side loss much greater in the same way that it makes the profit potential on the upside much more attractive


• Low transaction cost: The retail transaction cost (the bid/ask spread) is typically less than 0.1% (10 pips or points) under normal market conditions. At larger dealers, the spread could be less than 5 pips, and may widen considerably in fast moving markets.


• Always a bull market: A trade in the forex market involves selling or buying one currency against another. Thus, a bull market or a bear market for a currency is defined in terms of the outlook for its relative value against other currencies. If the outlook is positive, we have a bull market in which a trader profits by buying the currency against other currencies. Conversely, if the outlook is pessimistic, we have a bull market for other currencies and a trader profits by selling the currency against other currencies. In either case, there is always a bull market trading opportunity for a trader.


• Interbank market: The backbone of the forex market consists of a global network of dealers (mainly major commercial banks) that communicate and trade with one another and with their clients through electronic networks and telephones. There are no organized exchanges to serve as a central location to facilitate transactions the way the New York Stock Exchange serves the equity markets. The forex market operates in a manner similar to the way the NASDAQ market in the United States operates, and thus it is also referred to as an 'over the counter' or OTC market.


• No one can corner the market: The forex market is so vast and has so many participants that no single entity, even a central bank, can control the market price for an extended period of time. Even interventions by mighty central banks are becoming increasingly ineffectual and short-lived, and thus central banks are becoming less and less inclined to intervene to manipulate market prices.


• Unregulated: The forex market is generally regarded as an unregulated market although the operations of major dealers, such as commercial banks in money centers, are regulated under the banking laws. The conduct and operation of retail forex brokerages are not regulated under any laws or regulations specific to the forex market, and in fact many of such establishments in the United States do not even report to the Internal Revenue Service (IRS). The currency futures and options that are traded on exchanges such as Chicago Mercantile Exchange (CME) are regulated in the way other exchange-traded derivatives are regulated


You can see currencies being traded live here.......


http://www.forexdirectory.net/quotesfx.html

also see Forex markets and the dinar - Investors Iraq Forum (http://www.investorsiraq.com/showthread.php?t=2721) also useful
:wave:

[ISX_TIME]

• No one can corner the market: The forex market is so vast and has so many participants that no single entity, even a central bank, can control the market price for an extended period of time. Even interventions by mighty central banks are becoming increasingly ineffectual and short-lived, and thus central banks are becoming less and less inclined to intervene to manipulate market prices.

[/URL]

This is the part that really opened my eyes.

Regardless of what the opening price of the dinar is introduced on the forex at. It's world confidence that will rocket the price of the dinar.

And we can all see that confidence growing every day !!!!!

GREAT NEWS !!

[THANOS]

good job class keep it comming good work!! :happy64:

[THANOS]

lets keep this one on target.. keep going good work!!

[THANOS]

ok good, so any one think it will not go on the FOrex?

[Dinardreams]

Well from what I see here, Volvo is making money not spending money. It's not like they are setting up shop in Baghdad. Not sure where you are going with this, but I do agree that it is a good sign.

I`m just stating the fact that there`s movement in the right direction in Iraq..If large companies feel that there`s money to be made they`re jumping in...It`s always a good sign.....We should be encouraged by that fact even if it takes a few years(and I hope not) for the dinar to get to the level most of us want to see......Good day :huge:

[tattatu]

A bad Iraqi source (economists are never right) told me that once the IMF agreement is ratified then the Dinar will be exchanged, this will free up oil money for building reserves -- probably wont happen until after the election -- he believes the currency will maximize in 2008. Alot of LOCs going to companies in Europe (2/3s) see TBI --noticed Asians trading lots of $US for Eastern European money. Have friends, self included, interested in buying companies in Europe (undervalued and a hedge on the dollar?). Prefer Genoa, but will settle for Prague. Any thoughts?

[THANOS]

i belive it meens that we can take the DInar to any bank domesticly that is dealing in foreign currency. Just brace your self for the bank "fee". if we all got together we could force their hand to make the fee minimal, but that would take all of us staying together.
I could be wrong but once on the FOrex I think we are in the Drivers seat.

This investment may not hit big like we wish it would , but i think it will be compable to real estate. I know it will kick start my realaestae investment fund.
OKAy any one find out what could keep the Dinar of the FOREX?, [U]

[THANOS]

give me more class......... where is JERRY?
FOREX info- WHY will it happen
or why may it not happen

[THANOS]

mr robert Dinaro you are commended for adding to this forum the whole class beniffited greatly. Any others? the Question was WHY THE NID WILL GO ON THE FOREX OR WHY IT MAY NOT.

[bottlebush]

mr robert Dinaro you are commended for adding to this forum the whole class beniffited greatly. Any others? the Question was WHY THE NID WILL GO ON THE FOREX OR WHY IT MAY NOT.
The Forex deals in all world tradeable currencies?
Yes?
Then , the NID would be there
:wave:

[THANOS]

The Forex deals in all world tradeable currencies?
Yes?
Then , the NID would be there
:wave:
good assertion but not all curriecies of the World are on the FOREX

[Dinardreams]

Does anyone on this forum believe we`ll have advance notice to the Dinar`s opening?...I really don`t see what the hold up is all about...Wouldn`t it be more benefitial for Iraq to peg the Dinar to the Us dollar and let the chips fall where they may..meaning as far as the Foreign debt is concerned? It will certainly give Iraqis pride to know that their money is valuable in the eyes of the world..even if it is pegged to the dollar..I think dollars are one of the few things that Iraqis like about us..and I mean few......
just a thought....Good day :)

[THANOS]

good point i think it may be time for a new post

[JohnM.]

All sites I use xe, oanda, ...The Dinar has gone from 1462.50 last week to 1454! What's up with that? :rolleye03

[cabrio]

USA Today reports:

At an exchange rate of 1,435.08476
1 US Dollar = 1,435.08 Iraqi dinar

[highrollr19]

Until I see the CBI showing a move in the NID, I would not put much stock in these other currency converters.

[Jerry]

The CBI has the actual monetary rate of Iraq, true enoungh. Perhaps Oanda ant eh other sirtes are qouting the "market" rate.

[robert_dinaro]

mr robert Dinaro you are commended for adding to this forum the whole class beniffited greatly. Any others? the Question was WHY THE NID WILL GO ON THE FOREX OR WHY IT MAY NOT.

thank you ;)

this may help you to understand a little better

In developed countries, there were two main reasons why capital controls were lifted: free markets became more fashionable and financiers became adept at finding ways around the controls. Developing countries later discovered that foreign capital could play a part in financing domestic investment, from roads in Thailand to telecoms systems in Mexico, and, furthermore, that financial capital often brought with it valuable HUMAN CAPITAL. They also found that capital controls did not work and had unwanted side-effects. Latin America’s controls in the 1980s failed to keep much money at home and also deterred foreign investment.

The Asian economic crisis and CAPITAL FLIGHT of the late 1990s revived interest in capital controls, as some Asian governments wondered whether lifting the controls had left them vulnerable to the whims of international speculators, whose money could flow out of a country as fast as it once flowed in. There was also discussion of a “Tobin tax” on short-term capital movements, proposed by James TOBIN, a winner of the NOBEL PRIZE FOR ECONOMICS. Even so, they mostly considered only limited controls on short-term capital movements, particularly movements out of a country, and did not reverse the broader 20-year-old process of global financial and economic LIBERALISATION.

http://www.economist.com/research/Economics/alphabetic.cfm?TERM=COMMAND%20ECONOMY

my best guess is that it will be traded... :wave:

besides i have already put in my order :shhh:

http://www.revistaflap.com.br/UPImages/Dinair.jpg

[bobarby]

I bought my dinars from my 'moeny dealer' in tehran and I occasionally contact him to get the market rate for the dinar. As of yesterday, the dinar was trading at 1 Million Dinar is 580K touman (1 touman is 10Rials). Doing the simple math of converting my dinar to rial and then using the market rate of the Rial/Dollar, the exchange I came up with is $1=1517.6 Dinars. I orignally bought it at a rate of 1M Dinar for 630K Toumans. That was last february. All the rates we get from the currency calculators are useless. The rate fluctuates with attacks and other news. I am not surprised that it has gone down in value by 50/630 over the last few months. The place is a disaster at the currency reflects that. The demand for dinars in Iran has virtually dried up and a wait and see approach is being observed. I am not trying to make any political statements here as I bought the dinar in hopes of making a nice profit (and no not of the sort like prewar value that will never happen). As long as the insurgency is going on, the rate will remain such. So it is in the interest of all parties to reach a compromise. Questions welcome.

[THANOS]

I bought my dinars from my 'moeny dealer' in tehran and I occasionally contact him to get the market rate for the dinar. As of yesterday, the dinar was trading at 1 Million Dinar is 580K touman (1 touman is 10Rials). Doing the simple math of converting my dinar to rial and then using the market rate of the Rial/Dollar, the exchange I came up with is $1=1517.6 Dinars. I orignally bought it at a rate of 1M Dinar for 630K Toumans. That was last february. All the rates we get from the currency calculators are useless. The rate fluctuates with attacks and other news. I am not surprised that it has gone down in value by 50/630 over the last few months. The place is a disaster at the currency reflects that. The demand for dinars in Iran has virtually dried up and a wait and see approach is being observed. I am not trying to make any political statements here as I bought the dinar in hopes of making a nice profit (and no not of the sort like prewar value that will never happen). As long as the insurgency is going on, the rate will remain such. So it is in the interest of all parties to reach a compromise. Questions welcome.

I agree that the "insergents" Iranian soliders and syrian foregin fighters are a problem for us. However not even their haterd for "change" will be able to stop Coke, x-box, lee jeans and the almighty new automobile. Once we have integrated Real Comforts to the lay person in Iraq, and they get a true hold on the potential for their economy , then you will see less of the attacks
Syria and Iran FEAR change in IRAQ , beacuse it represnets possible fear of impending doom for their regimes. FEAR can not fight Democracy.
That is why the Greeks were the founders of modern civilzation.
Democracy is very powerful. Iran has every right to be worried. And we will prevail. we are tired of doing nothing and watching hatred spread.
the RATE on the NID will increase, keep your eye on the sneaky french, watch how they are "changing their mind" on the removal of sanctions on IRaq. ( now that ithey have something to benifit).
THE DINAR SEEMS TO BE HEADED FOR THE FOREX AS IT APROACHES I HEAR ALOT OF CHAMPAGNE BOTTLES POPING.
But we shall see, either way I wish the Iraqi pepole all the best.

[bobarby]

Well I don't exactly know where you get your information from, but as far as Iranian insurgent fighters go, I think there were like two of them, probably crossed the border on their own. Iran and Iraq have had a very tumultuous past, starting long before the Iran/Iraq war. Unfrotunately the perception of Iran in the eyes of America is distorted. This is coming from me, an American with Iranian ties, who spends close to six months a year in Iran. What we see in the US are a bunch of thugs chanting death to this and that. Unfrotunately, that is all we see. We do not see the 60M + wanting domestic change and yet we all go about making a living, and a good one at that. Coke in iraq you say, I guess it will come from their factory in Mashhad (iran), owned by the former president and now head of the expediency council? I say cars: Iran produces close to a million units each year, from Renault to Peugeot with the right to export. Plants are being closed throughout europe and being opened in iran. Do you know how hard it is to buy cement in iran? Why? well it is all going to Afghanistan and Iraq, countries willing to pay a higher price. Who owns these plants? the ruling clerics. The turban has come to represent a business card. The ruling members of iran are shrewd businessmen driven by the goal to make money. It is in the interest of Iran to see a stable Iraq. Yes Iran wants a regime where the ruling shii'tes have power but the insurgency you see is mostly sunni. A couple of tidbits we do not hear in the news: Where are the missing weapons? Iran, transported via red cross trucks, much safer in Iran than in the hands of some crazy insurgents. Did you know that Iran and the US met in Istanbul in the months preceding the war in order for the US to get permission to fly over for bombing raids in both Iraq and Afghanistan? We all know that Halliburton is doing business in Iran, but with who? Well their largest partner is Petropars, a semi private firm run by Rafsanjani's son, and created to explore the lucrative LNG fields in the south of Iran. The embargo on Iran is hurting only the people of Iran and also hurting American firms who wish to go in and provide their services. The ruling clerics would love for american products to enter legally. I mean I can buy anything I want that says made in USA, but I pay a premium. We are truly tired of all the european garbage we buy. But as long as the embargo is in place we can't do anything. On another note, one might ask why the iranians and the neighboring countries do not trust the US. For Iran it stems from foreign meddling in our domestic affairs. From the british who exploited our oil fields to the 1953 overthrow of the only true democractic regime, by the then newly formed CIA in Operation Ajax, concocted by Kermit Roosevelt and blessed by the Dulles brothers, with the ensuing restoration of the Shah who then started to rule with an iron fist. The list goes on and on. Why did we have a revolution. Because we were just tired of seeing countries come in and exploit us. Then came Carter, with his human rights agenda, forcing the Shah to release thousands of political prisoners, who then achieved critical mass and started the revolution. The shah fled, lobbied the US via Rockerfeller and Kissinger to gain entry to the US. It was not until he was admitted to the US, that the outraged students took over the embassy. Why was the shah admitted after the CIA moved him from country to country? well there are many theories behind it but one involves Chase Manhattan Bank and the large Iranian reserves held there. The government of Iran at the time had made it clear that it was business as usual and post overthrow it would conduct business with all those who did not provide a haven for the Shah. In the meantime, it was withdrawing its funds from Chase. Chase would have gone belly up had something not been done. Rockerfeller and Kissinger knew that by letting the Shah in to the US, which the administration at the time was strongly against, would make the Iranians mad and force them to do something stupid. Well after much lobbying, the Shah came in, the students, upset stormed the embassy, Carter signed an executive order freezing all Iranian assets held in the US (yes about 15Billion US dollars at Chase Manhattan alone), Iran missed a payment on a tiny loan as its assets were frozen, and as per the contract defaulted on all of its obligations. Chase was the big winner. BTW, Chase still holds all the money and the Pahlavi money (the king) is kept there too. Following that episode , Bush, then VP nominee met secretly with Bazargan, the first Iranian president of the new regime, in Cairo and secured the release of the hostages but not until after the election in 1980. I say all this because I have lived through a revolution, had to escape my country, be treated like a pariah by the french, as I moved to France. Watch my country go to war, be accused of instigating that war (history now blames Iraq), watch 1 million of my people die because the West was giving us weapons, giving Saddam weapons, including gas which he dumped on us ( and yes people are still dying from the effects of the use of gas today). Furthermore, the intelligence given to the Iraqis helped Saddam know our every move. That combined with a lack of parts for our military as it was all US made (including the only Air Force to have f-14's because they bribed the general in charge of acquisitions for the airforce with 83M USD in order to win the contract in the 1970's) and the shooting down of an iranian jetliner by the USS Vincennes while it was in Iranian territorial waters (The US was basically at war with Iran by taking sides) led Iran to give up. So you see these and many other issues leave a bitter taste in people's mouths. Yes democracy is wonderful, I truly appreciate it as I have lived in a variety of politcal states from dictatorships to full blown democracy. What I do know, is that there are many forms of democracy and the US version is but one in a whole basket of them. America has made numerous mistakes with regards to Iraq and it will come back and bite it. I just hope I cash out by then.

[THANOS]

Well I don't exactly know where you get your information from, but as far as Iranian insurgent fighters go, I think there were like two of them, probably crossed the border on their own. Iran and Iraq have had a very tumultuous past, starting long before the Iran/Iraq war. Unfrotunately the perception of Iran in the eyes of America is distorted. This is coming from me, an American with Iranian ties, who spends close to six months a year in Iran. What we see in the US are a bunch of thugs chanting death to this and that. Unfrotunately, that is all we see. We do not see the 60M + wanting domestic change and yet we all go about making a living, and a good one at that. Coke in iraq you say, I guess it will come from their factory in Mashhad (iran), owned by the former president and now head of the expediency council? I say cars: Iran produces close to a million units each year, from Renault to Peugeot with the right to export. Plants are being closed throughout europe and being opened in iran. Do you know how hard it is to buy cement in iran? Why? well it is all going to Afghanistan and Iraq, countries willing to pay a higher price. Who owns these plants? the ruling clerics. The turban has come to represent a business card. The ruling members of iran are shrewd businessmen driven by the goal to make money. It is in the interest of Iran to see a stable Iraq. Yes Iran wants a regime where the ruling shii'tes have power but the insurgency you see is mostly sunni. A couple of tidbits we do not hear in the news: Where are the missing weapons? Iran, transported via red cross trucks, much safer in Iran than in the hands of some crazy insurgents. Did you know that Iran and the US met in Istanbul in the months preceding the war in order for the US to get permission to fly over for bombing raids in both Iraq and Afghanistan? We all know that Halliburton is doing business in Iran, but with who? Well their largest partner is Petropars, a semi private firm run by Rafsanjani's son, and created to explore the lucrative LNG fields in the south of Iran. The embargo on Iran is hurting only the people of Iran and also hurting American firms who wish to go in and provide their services. The ruling clerics would love for american products to enter legally. I mean I can buy anything I want that says made in USA, but I pay a premium. We are truly tired of all the european garbage we buy. But as long as the embargo is in place we can't do anything. On another note, one might ask why the iranians and the neighboring countries do not trust the US. For Iran it stems from foreign meddling in our domestic affairs. From the british who exploited our oil fields to the 1953 overthrow of the only true democractic regime, by the then newly formed CIA in Operation Ajax, concocted by Kermit Roosevelt and blessed by the Dulles brothers, with the ensuing restoration of the Shah who then started to rule with an iron fist. The list goes on and on. Why did we have a revolution. Because we were just tired of seeing countries come in and exploit us. Then came Carter, with his human rights agenda, forcing the Shah to release thousands of political prisoners, who then achieved critical mass and started the revolution. The shah fled, lobbied the US via Rockerfeller and Kissinger to gain entry to the US. It was not until he was admitted to the US, that the outraged students took over the embassy. Why was the shah admitted after the CIA moved him from country to country? well there are many theories behind it but one involves Chase Manhattan Bank and the large Iranian reserves held there. The government of Iran at the time had made it clear that it was business as usual and post overthrow it would conduct business with all those who did not provide a haven for the Shah. In the meantime, it was withdrawing its funds from Chase. Chase would have gone belly up had something not been done. Rockerfeller and Kissinger knew that by letting the Shah in to the US, which the administration at the time was strongly against, would make the Iranians mad and force them to do something stupid. Well after much lobbying, the Shah came in, the students, upset stormed the embassy, Carter signed an executive order freezing all Iranian assets held in the US (yes about 15Billion US dollars at Chase Manhattan alone), Iran missed a payment on a tiny loan as its assets were frozen, and as per the contract defaulted on all of its obligations. Chase was the big winner. BTW, Chase still holds all the money and the Pahlavi money (the king) is kept there too. Following that episode , Bush, then VP nominee met secretly with Bazargan, the first Iranian president of the new regime, in Cairo and secured the release of the hostages but not until after the election in 1980. I say all this because I have lived through a revolution, had to escape my country, be treated like a pariah by the french, as I moved to France. Watch my country go to war, be accused of instigating that war (history now blames Iraq), watch 1 million of my people die because the West was giving us weapons, giving Saddam weapons, including gas which he dumped on us ( and yes people are still dying from the effects of the use of gas today). Furthermore, the intelligence given to the Iraqis helped Saddam know our every move. That combined with a lack of parts for our military as it was all US made (including the only Air Force to have f-14's because they bribed the general in charge of acquisitions for the airforce with 83M USD in order to win the contract in the 1970's) and the shooting down of an iranian jetliner by the USS Vincennes while it was in Iranian territorial waters (The US was basically at war with Iran by taking sides) led Iran to give up. So you see these and many other issues leave a bitter taste in people's mouths. Yes democracy is wonderful, I truly appreciate it as I have lived in a variety of politcal states from dictatorships to full blown democracy. What I do know, is that there are many forms of democracy and the US version is but one in a whole basket of them. America has made numerous mistakes with regards to Iraq and it will come back and bite it. I just hope I cash out by then.

Now that was insightful, I do find that an interesting read. Yes alot of pepole don't know that Iran has a large young population that wants to be more "wesernized" ( for the lack of a better term). No Chase would not have gone "Belly up" but yes they would have taken a large beating. as a point of intrest Chase makes more on intrest per year then most third world countries make in total GNP ( but that is another matter all together).
Im sure I demorracy is still one hundred times better then fundamentalist islamic rule. But then again you have lived through both, you tell us what is better.
I should not have used insergents as a proper term, that is incorrect FOREIGN fighters would be more apropriate. and no your number is wrong several thousand " anti-colition fighters" dose not make and isolated incident, it is very oraganized. you do bring up excellent points and articulate them accordingly, IT shows that there are two sides to everey story, and I am one who is not foolish enough to belive in the US media.
MArk Twain once said he bleived only half of what he read and every thing he saw with his own eyes.... As i Digress, my question ( to stay on topic )is
What do you "Bob" think of the NId going on the FOREX? Is it likely or un likely?
and lastly waht is your opinion of Hezbalha ( forgive the misspelling).
I agree IRan was treated poorly, they did a great job counterfiting the old US dollar and flooed our economy with it, but alas all was in vain.
I hope they do not try that with the NID, that would be tandamount to an act of war.

[bobarby]

yes democracy is far better, but we have learned to live under their rule. As far as western ideals, not just the young, everyone wants it. I have travelled everywhere and they wanted america to bomb iran not iraq. What has to be understood about iran is that there are two governments at play, an elected powerless one and a non elected body who answers to the supreme leader. The latter rules the revolutionary guard that supplies training and weapons to the Hizbullah. Just remember that 25,000 iranians enters iraq daily in the south and not a single one has been involved in any violent act. they go for their pilgrimage and return with in a few days. In the north, we have our kurds who are related to their iraqi counterparts and for the most part remain pretty non-violent. It is a small faction of crazy religious insurgents who cross the border into iraq and fight alongside the other insurgents. Yes iran is meddling in iraq, no question about it but just like turkey, jordan, pakistan, saudi arabia are to name but a few. Iran is mostly involved in intelligence gathering and has strong ties to Sadr (whose father is greatly revered back in iran). Sadr makes regular visits to Iran, no one know what is discussed but I think we can all guess. But then again Sistani and his people make regular visits to the UK. What is discussed there? As for the NID and forex, of course it will be listed, the question is when. My money dealer, a kurd living in tehran, has been accumulating it for some time now. When I ask him what he thinks (he is quite good at this) he says it is a long term hold. And yet he believes in the long term it will appreciate as do most of us. But not with irrational exuberance. I would be happy to double or triple my money. just as a barometer, iranian banks give 25% interest annually and the iranian currency is devalued at 4-5% annually so 20-21% interest in the US. Subtract us inflation and you get real interest. Real estate returned 700% last year and the stock market 80%. So those of us Iranian who hold it look for a better return than what the market can do. I would be happy with a doubling. Now the question is will it be a float or pegged. Probably a combination of the two. By tying it to a basket of goods, notably oil, you can get rid of some of the kinks out. I have many american friends who have been to Iraq on official government business and they are just as clueless as to what will happen. Not one consistent answer. Anyway just keeping my fingers crossed. Oh and if Iran had withdrawn all its funds from Chase, the bank would have to have been bailed out. As it never had that amount of cash reserves and it has to meet a minimum of cash on hand as per the Fed, it would have been crushed by the interest burden of borrowing the funds on an overnight basis from other banks until it got its books in order. So hey 15B can kill a bank, especially in 1979.

[THANOS]

"BOB" you are very intelligent and well versed, you are a very important member to our forum.
thanks for the insite, i hope you contribute more often.
do you think Bin-ladin is hiding in IRAN?

[bobarby]

Thank you for your comments. No Bin Laden is most likely not in Iran. Of all the places where is he has the highest chance of support is in Northern Pakistan, a close ally of the US. Pakistan is a mess. Again two governments operating there, One is with Musharraf and the other is the ISI (secret service there) where elements of it are very pro Bin laden and have contacts everywhere. Remember that Iran almost went to war with the Taliban, at a time when the US was funding them and working on a project to get a gas pipeline to go through it and down to Pakistan (what a shame, because Iran actually has the pipeline in place!). All in order to bypass Iran, the US built ties with the Taliban. In the meantime, Iran and Russia were supplying Massoud with arms (twice weekly cargo flights to Massoud's people). The taliban raided the iranian embassy and hung all the diplomats. Bin Laden can probably enter Iran through the eastern borders (I mean 4 million Afghanis did why can't he) but he will most likely find an unwelcome government. Iran now holds many Al Qaeda people and the US wants them. Iran openly offered them to their respective nations. The Saudis freaked and revoked their citizenships thereby washing their hands clean of their obligation. Understandable why Iran would not hand them over to the US. Can you imagine what would happen if Al-qaeda started bombing around Iran? The whole region is a mess. But Americans must realize that just because a country is its ally it doesn't mean that it's people are too. Pakistan is an ally of convenience. They need military and political support to fight the extremism that is present there. The pakistanis are not pro American far from it. Or the Saudis? They are allies when it benefits them. So to answer your question, Bin Laden is most likely in a place that protects him, and most likely in the lawless northern paskistan.

[THANOS]

you sir are very welcome here, please post more often. :D
I hope the pepole of Iran get the country the want, its a pitty such well educated pepole don't get to have more invovment .

[Lonestar]

I thought I would try to revive this thread and see what reasons we can give now with all the positive momentum we have seen since November of 2004. With the talks coming around 16th and 17th of next month between the WTO and Iraq knowing WTO members must have a convertible currency what are the thoughts(reasons) we can give now for why the NID would be on the FOREX? Exclude WTO accessation please that one is a given. This is not to solicit predictions of dates but to provide positive input prior to the holiday weekend. Thanks to all who contribute!

[DinarN'ADream]

Because we all want it too!!! We can will it into being...muhahahahhaaa, I'm mad I tell you...maaaa:drunk: d

[BABYBULL24]

Whatever happened to Thanos & Bob?

I miss them so......and who was the genuis to pull up a post from Turkey Day 04???

Peace

[Laurali]

Why, IMO, is simple. All of the world is expecting Iraq to MOVE IT'S REAR into forward motion with BIG STRIDES. Getting the dinar out there in some fashion is a must if Iraq is going to be anything more than what it has or is now. It's a pivital and exceptionally crucial entity of economic progression.

Thanks Lonestar for reminding us of the holiday. We don't track that stuff here in Iraq as every day just blends in with the next. Enjoy!

[Jetrider]

Laurali-Good morning from LA. Take care of yourself. Thank you for your service to this country!!!!:huge:

Champagne wishes and DINAR dreams!!:happy64: :happy64:

[buck74]

It seems the dinar would need to open on the forex to fully open up the ISX to foreign investment. From what has been said on the forum the ISX is starved for cash, and this is what the economy needs to get moving. I believe that the new government understands that by moving the economy they can reduce the insurgency, and improve security. This includes better lives and happiness for all of the Iraqi people, and reducing the unemployment rate, especially in young male men. That is why security, and the economy need to go hand in hand. Like I said the new government has basicly said these things, now we just need action on there part to make it work.