View Full Version : check out the CBI web site
the_hulk
08-28-2004, 02:19 PM
http://www.cbiraq.org/cbs6.htm
I think they just added a "Daily price Bulletin buying and selling prices for main currency"
This may have already been there but I didn't notice it before. Is it new and if so does it mean anything??
FAST1
08-28-2004, 02:20 PM
Iraqi allah hood told me that it was crap earlier and nobody cares! :rolleye03
the_hulk
08-28-2004, 02:23 PM
ok then that settles that I guess...
FAST1
08-28-2004, 02:26 PM
Check out the bank section. It has some responses now. Thanks for posting this message, I might not have looked at it and you picked up my slack. Teamwork. ;)
kelleyB
08-28-2004, 02:38 PM
That is new to me. I dont remember seeing it before.
highrollr19
08-28-2004, 03:40 PM
I would say that is not crap!!! I think that is a very close step to putting the dinar on the world market! With the rate of the main other international currencies, they are preparing to trade internationally. Not crap! Very important!
kelleyB
08-28-2004, 03:43 PM
I agree, very important. To me it means that just as someone else mentioned, that other countries are stocking up to use for exchange. Since these countries are on the world market, that is getting Iraq geared up and excepted by others to be there too. Real soon. I think Jan 1st it will happen, if not, the first week of Jan. Over the next couple of months I think we will see more surrounding countries being added to the list. THe more the better. Iraq's money is being sent out there into the world where it wasn't excepted before. This is a very big step. VERY BIG!!Did any of that make sense?
FAST1
08-28-2004, 03:56 PM
It makes sense to me KelleyB and I agree with all of you. It's not crap at all. You guys can see the big picture. :wave:
Jared
08-28-2004, 09:09 PM
After seeing this original post, I emailed the CBI and received a quick small reply saying that section was added in the 3rd week of July. So it's been there for about a month.
Now, the email address however had @warkaa.net. Hmmmmmm....
Perhaps the World Bank is working through Al-Warkaa in Jordan since they have a sister bank in Iraq. Al-Warkaa seems to be the ONLY one that has this up and running. Also stands to reason why we have not heard anything about the World Bank for the last couple months.
Now, go back to the CBI website and check out the Contact Us section, strange to see that all of them have changed from @uruklink.net to @warkaa.net except for the main CBI email address. Looks as though the CBI leaders are using the Jordanian banks email system.
And we've been wondering why we have not been hearing anything. They may be farther along than we all anticipated.
I'm getting that warm and fuzzy feeling.... :p
Jared ;)
PennStateMtnMan
08-29-2004, 12:29 AM
After seeing this original post, I emailed the CBI and received a quick small reply saying that section was added in the 3rd week of July. So it's been there for about a month.
Now, the email address however had @warkaa.net. Hmmmmmm....
Perhaps the World Bank is working through Al-Warkaa in Jordan since they have a sister bank in Iraq. Al-Warkaa seems to be the ONLY one that has this up and running. Also stands to reason why we have not heard anything about the World Bank for the last couple months.
Now, go back to the CBI website and check out the Contact Us section, strange to see that all of them have changed from @uruklink.net to @warkaa.net except for the main CBI email address. Looks as though the CBI leaders are using the Jordanian banks email system.
And we've been wondering why we have not been hearing anything. They may be farther along than we all anticipated.
I'm getting that warm and fuzzy feeling.... :p
Jared ;)
Jared, I think you are right. I believe they are farther along than we could have ever dreamed of, but then again, I am not an expert on the time frame it takes for something like this to happen. I just hope my wife and I can get are target amount before it opens up.
BRYAN
08-29-2004, 12:42 AM
After seeing this original post, I emailed the CBI and received a quick small reply saying that section was added in the 3rd week of July. So it's been there for about a month.
Now, the email address however had @warkaa.net. Hmmmmmm....
Perhaps the World Bank is working through Al-Warkaa in Jordan since they have a sister bank in Iraq. Al-Warkaa seems to be the ONLY one that has this up and running. Also stands to reason why we have not heard anything about the World Bank for the last couple months.
Now, go back to the CBI website and check out the Contact Us section, strange to see that all of them have changed from @uruklink.net to @warkaa.net except for the main CBI email address. Looks as though the CBI leaders are using the Jordanian banks email system.
And we've been wondering why we have not been hearing anything. They may be farther along than we all anticipated.
I'm getting that warm and fuzzy feeling.... :p
Jared ;)
That good thinking jared , and maybe not too far off either
Aunt Gwennie
08-29-2004, 11:10 AM
. Looks as though the CBI leaders are using the Jordanian banks email system.
And we've been wondering why we have not been hearing anything. They may be farther along than we all anticipated.
I'm getting that warm and fuzzy feeling.... :p
Jared ;)
This is very true Jared. The CBI is not the only one in Jordan. It is my feeling that everyone is poised and ready to move in as soon as they can stop the idots who are bombing and killing their own people!! Here's some interesting reading I found from the World Bank Group.
The World Bank has a working office in Amman. "The Bank is designing the temporary office to be flexible and poised to relocate to Baghdad as soon as the situation permits. The Bank has taken steps to hire a core team of Iraqi staff, so that the office will be fully functional once it is moved to Baghdad"
You can read the full report but this particular item quoted above is item #50 on page 15 of the report. It is in a pdf file. Just click onto Download the Interim Strategy Note for Iraq link on this page I have provided.
http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/MENAEXT/IRAQEXTN/0,,contentMDK:20206761~pagePK:141137~piPK:141127~t heSitePK:313105,00.html
The report also goes into all the training classes we heard mention several weeks back and highlights the humanitarian goals for eradicating poverty and hunger, getting back to educating the children and providing them with textbooks, and medical care and empowering women. It also goes into great details about the plans for rebuilding Iraq and getting power and clean water flowing again.
This may have already been covered in an earlier thread....I don't know. But if it was....it sure warrants a fresh look again.
Aunt Gwennie :wave:
highrollr19
08-29-2004, 11:46 AM
Good find! I hadn't seen that one before! Thanks for the link
Jared
08-30-2004, 09:23 AM
The World Bank has a working office in Amman. "The Bank is designing the temporary office to be flexible and poised to relocate to Baghdad as soon as the situation permits. The Bank has taken steps to hire a core team of Iraqi staff, so that the office will be fully functional once it is moved to Baghdad"
Thanks! I've read that one, but I'm thinking they are doing more from there than what the report states. "Poised to relocate...situation permits.", as far as security permits, or when the WB has all their stuff completed?
Now, being a computer geek, I've been on crash teams before. Getting servers, networks, workstations, T1's the whole shabang ready for a drop in installation. But the key is that everything functions once you plug it in. There's nothing else to set up. This could be that same situation. I'm thinking the WB is completing all their work from Amman (where they can work peacefully). The IMF is doing this too, hence the reports of the ISX getting ready for foreign investment. The IMF was coming in to make that happen, so it appears they are doing all of it from Amman as well.
This could happen much like the transition of rule. The WB could just "plop" in and be running which would thwart terrorist plans to destroy things as they are being built.
If what above is true, then the WB could have been working on their part in Amman since March, 4 months earlier than the figure we've been working with (to be in before the end of July). Also if this is true, when it happens it's going to happen in a day. We won't get reports to help build us up to a specific date. We'll just wake up in the morning and see it is running.
Allawi, I'm sure, has plans of wanting to stay as president, which means winning the elections in January. It would stand to reason to bring the dinar out earlier as a feather in his cap. But it needs to be out at least two months for the people to see the benefit. That would mean November, but the sooner he can bring it out the more activity the people can see. As it's value rises the people will prosper and he would gain political status.
With how things are moving, I can't see it taking another 5 months to come out....
Jared
:happy26:
neptune
08-30-2004, 10:19 AM
"With how things are moving, I can't see it taking another 5 months to come out...."
Jared
Nice post, Jared. Everything you said makes perfect sense. I agree that more is being done behind the scenes in order to thwart any possible terrorist attack; and that it will all happen in a day with no notice-(Like the transitional government stepping in earlier than planned) Getting closer, I do believe. :happy64:
"I'mmmmmm ready; I'mmmmmm ready!"
SpongeBob Squarepants
Aunt Gwennie
08-30-2004, 10:35 AM
Great post Jared!! And your thoughts on Allawi needing something really positive to help secure his election as president makes perfect sense.
I am getting so excited!!! Now if they can just get the rebels under control and get the weapons out of their hands....that would be another feather in Allawi's hat.
Aunt Gwennie :huge:
bryanhenry
08-30-2004, 11:10 AM
why is tis such a big deal?
THANOS
08-30-2004, 11:29 AM
Can any one explain is it the Http://www.imf.org
or who that is the one who makes this money a legitimate world currency?
Who determins its validity ? do the Vote on it?
who?: makes it a active world wide accepted currency?
When?: will the know if it will happen
HELP! :rolleye03
Aunt Gwennie
08-30-2004, 11:57 AM
why is tis such a big deal?
What are referring to not being such a big deal?
Aunt Gwennie
bryanhenry
08-30-2004, 12:00 PM
Aunt G I was just wondering what the new bulletin board means and why some people are saying its a big deal...that it has been put up
Aunt Gwennie
08-30-2004, 12:27 PM
Aunt G I was just wondering what the new bulletin board means and why some people are saying its a big deal...that it has been put up
Well...if you look on the link that is in the first post by the hulk...that second table on the page was not there a month ago!! Which tells me the new table that has been added to the CBI auction page shows the exchange rate for other countries that are now purchasing the dinar. Before...the only exchange rate table that was shown was the USD exchange.
I feel....this is just my opinion...that the other countries listed on the second table on that page shows that other countries are now gearing up for the dinar to go on the world market and are buying up their supply for exchange purposes or investment purposes...however you want to look at it.
Here's the link for you if you haven't already checked it out.
http://www.cbiraq.org/cbs6.htm
And the other comments relate directly to the World Bank being ready to move into Iraq when the security issues are resolved. The employees are Iraqi citizens, have already been trained and are working out of a small office in Jordan. Jared's remarks about the computer networking for the banking industry makes perfect sense as well. Not only is the World Bank ready to step in...but the computer network will also be ready to move into place at a moment's notice and be ready to operate within days of moving in.
Hope this clears some things up.
Aunt Gwennie :huge:
Jared
08-30-2004, 01:46 PM
Can any one explain is it the Http://www.imf.org
or who that is the one who makes this money a legitimate world currency?
Who determins its validity ? do the Vote on it?
who?: makes it a active world wide accepted currency?
When?: will the know if it will happen
HELP! :rolleye03
The IMF is coming in to restructure the new Iraqi Stock Exchange (ISX). The World Bank is coming in to restructure the CBI and it's banks. The WB and IMF work hand in hand as both pieces need to be there to make the whole thing work. It appears that the IMF and WB may have already dove into this situation from the offices in Amman. We have no solid proof of that, but it's starting to appear that way.
Jared :happy26:
Jared
08-30-2004, 01:57 PM
Great post Jared!! And your thoughts on Allawi needing something really positive to help secure his election as president makes perfect sense.
I am getting so excited!!! Now if they can just get the rebels under control and get the weapons out of their hands....that would be another feather in Allawi's hat.
Aunt Gwennie :huge:
Thanks Aunt G!
Getting a handle on the insurgents is a big task. If Allawi can get the dinar out so people can see it's real value that may help them in getting rid of insurgents. The people are not really happy right now, so they support the insurgents. Bring out the dinar strong and make the people happy and their vision of the insurgents will change. Not sure what to do with the Baathist folks yet, there are many of them.....
Jared :happy26:
Thanks Aunt G!
Getting a handle on the insurgents is a big task. If Allawi can get the dinar out so people can see it's real value that may help them in getting rid of insurgents. The people are not really happy right now, so they support the insurgents. Bring out the dinar strong and make the people happy and their vision of the insurgents will change. Not sure what to do with the Baathist folks yet, there are many of them.....
Jared :happy26:
As usual, your input and insight are valuable Jared. With regard to the Baathist I believe the answer is painful yet simple. The new Iraqi government must find them, and then kill them.
Jared
08-30-2004, 02:04 PM
There is an interesting idea on the "what will the dinar come out at" poll.
Ramadan starts October 14th. It is the largest holiday for them. It also happens to be two weeks before the US presidential elections. Give the people something to celebrate, points for Allawi and Bush's campaigns, and a merry x-mas for us!
Keep those thinking caps on!!!!
Jared :D
Jared
08-30-2004, 02:06 PM
As usual, your input and insight are valuable Jared. With regard to the Baathist I believe the answer is painful yet simple. The new Iraqi government must find them, and then kill them.
That will be a long process though. Look at Afghanistan and the Taliban. :(
Jared :wave:
Aunt Gwennie
08-30-2004, 02:08 PM
Very good points Jared!! I agree...if the dinar opens strong and soon the people will see a positive benefit to all this. If it doesn't open at a strong rate, I feel there will be even more violence and hatred towards the US.
And all the puzzle pieces needed to make all this come together have to come in basically up and running the minute they move into Iraq.
Aunt G :huge:
That will be a long process though. Look at Afghanistan and the Taliban. :(
Jared :wave:
Agreed.
Unfortunately, our particular society believes everything must happen NOW. That is one of the few drawbacks to the technological age I guess. Truth is, as sad as it may sound, the world has had evil since Cain slay Abel. And we will continiue to have evil until the end of time. However it can be dealt with, and the Iraqi culture can expand even with violent factions resisting. I do not believe this particular victory can be measured in years, but rather generations.
Jared
08-30-2004, 04:42 PM
It appears on that poll thread, that Gaith (one of our friendly dinar sellers) has also heard the dates for Ramadan and a stronger than expected rate.
The warm fuzzy feeling is gone, now goosebumps have set in. :happy64:
Jared :wave:
How can you allow yourself to think that way? I am too much of a chicken! :drunk:
Jared
08-30-2004, 04:53 PM
The last one on August I didn't put much faith in since I could find nothing that really supported it. Now some of the pieces are starting to appear and I'm willing to plug a few together based on faith. Just the thought of it opening up before Ramadan is monumental. It's still another "lets see" but I'm getting a good feeling about this one...
Jared :wave:
PennStateMtnMan
08-30-2004, 05:27 PM
The last one on August I didn't put much faith in since I could find nothing that really supported it. Now some of the pieces are starting to appear and I'm willing to plug a few together based on faith. Just the thought of it opening up before Ramadan is monumental. It's still another "lets see" but I'm getting a good feeling about this one...
Jared :wave:
See, I am a gullable one. I get excited about any positive news that will let me and my wife enjoy life a little easier than we currently are living. We have a wonderful marriage, but we work seven days a week and we just got news we will not have a day off in another 6 months except for Christmas day.
BRYAN
08-30-2004, 05:36 PM
The last one on August I didn't put much faith in since I could find nothing that really supported it. Now some of the pieces are starting to appear and I'm willing to plug a few together based on faith. Just the thought of it opening up before Ramadan is monumental. It's still another "lets see" but I'm getting a good feeling about this one...
Jared :wave:
Keep the waves comming Jared Great research and a really hard theory to cut up on also , If it does work like that to the tune of .43 than get out the heart defibulators !!! :D
Jared
08-31-2004, 12:13 AM
Keep the waves comming Jared Great research and a really hard theory to cut up on also , If it does work like that to the tune of .43 than get out the heart defibulators !!! :D
It's nice knowing about a few more of the pieces. Even better is the way that they are starting to fit together. In the banking threads they were talking about some of Al-Warkaa's competitors seemed to be creeping ahead of them. With what we have been seeing, it may be that Al-Warkaa is giving their resources to the WB and IMF to get their stuff up and running. Keep in mind that a web-server is easy to replace. It could very well be that Al-Warkaa has their server(s) all ready and just need to have the network pointed to them. Everyone has seen major changes to a website, think that is done overnight? Those are new servers that have been through the test bench and are ready to rock and roll.
Integration of systems takes time, but how would you like to have the WB and IMF in the room with you when you do it!! I like what I see so far, but I have a couple other gremlins that I want to chase down yet. I will certainly post what comes out of them, but they ARE ones I want to get more info on.
Keep the faith folks!!!
Jared :wave:
minigirl
08-31-2004, 02:55 AM
There is an interesting idea on the "what will the dinar come out at" poll.
Ramadan starts October 14th. It is the largest holiday for them. It also happens to be two weeks before the US presidential elections. Give the people something to celebrate, points for Allawi and Bush's campaigns, and a merry x-mas for us!
Keep those thinking caps on!!!!
Jared :D
This is such a nice thought Jared!!! I forgot about Ramadan! Hopefully that will give EVERYTHING a lift. :huge:
Jared
08-31-2004, 09:06 AM
This is such a nice thought Jared!!! I forgot about Ramadan! Hopefully that will give EVERYTHING a lift. :huge:
I hope it gives them a lift too! Normal days most of the Iraqi's a spread all over the country, but during Ramadan they will be massing up here an there. That would be the best time to get information out to the people.
I see that Al-Sadr is out politicing himself. I like that he is trying to get the groups in other cities to the cease fire table, but I still don't all together trust him.
Jared :wave:
jeffreyspears
08-31-2004, 09:50 AM
I think that alsadar is up for re-election isn't he? I don't know, however, the idea that he is "out politicing" himself is a good thing, right? http://forum.skadi.net/images/smilies/skadi_forum/confused.gif Just wondering.
highrollr19
08-31-2004, 11:27 AM
The best move they can do with Al Sadr is to give him a high up gov't job. That way his supporters will follow the will of the government. Have Allawi and Sadr both working towards the common goal of a better Iraq.
Plus... if you just tried to kill him, that would only make things worse. He would become a martyr, and the killing would continue in his name. I say since he has such a large following, bring him in to the politics. Lets try to unite as many people as we can under one umbrella.
The best move they can do with Al Sadr is to give him a high up gov't job. That way his supporters will follow the will of the government. Have Allawi and Sadr both working towards the common goal of a better Iraq.
Plus... if you just tried to kill him, that would only make things worse. He would become a martyr, and the killing would continue in his name. I say since he has such a large following, bring him in to the politics. Lets try to unite as many people as we can under one umbrella.
Al-Sadar and his "militia" are basically equivalent to the Taliban in their beliefs. He is anti-democracy and free speech, just to begin. My concern is appeasement only magnifies the root problem into future, you know what I mean? Debt accumulates interest, and I believe his vision for Iraq is quite dangerous. :(
Goforth
08-31-2004, 11:41 AM
I think the highpick roller guy hit the nail on the head. Let Sadr be a part of this new government. Hell! their already using ex republican guard troops to fight the insurgents. Alibi" the opening rate will be .53 :happy64:
TYSON
08-31-2004, 12:10 PM
A famous man once said "keep your friends close and your enemys closer"
Now granted that man is dead now but you get the idea :D
A famous man once said "keep your friends close and your enemys closer"
Now granted that man is dead now but you get the idea :D
I believe his quote is taken completely out of context in this particular example. If not, then maybe Bin Laden should run for a senate seat. Does this also mean Sadaam should be given a position within the new government to pacify the Baatists? :confused:
By the way, welcome to the board Tyson! I notice this was your first post.
TYSON
08-31-2004, 01:14 PM
I believe his quote is taken completely out of context in this particular example. If not, then maybe Bin Laden should run for a senate seat. Does this also mean Sadaam should be given a position within the new government to pacify the Baatists? :confused:
By the way, welcome to the board Tyson! I notice this was your first post.
Considering the cause and effect, this may just be a short term cure for a long term problem. However with an entirely new way of life being introduced to this country a lot of trial and error will be in effect. The keep your enemies closer perspective has been used by our government and many other governments since the beginning of organized governments. Taking out your enemy does not apply to all conditions.
Glad to be on board, thank you.
Considering the cause and effect, this may just be a short term cure for a long term problem. However with an entirely new way of life being introduced to this country a lot of trial and error will be in effect. The keep your enemies closer perspective has been used by our government and many other governments since the beginning of organized governments. Taking out your enemy does not apply to all conditions.
Glad to be on board, thank you.
Now that is a context I cannot refute. Absolutely agree we have implemented a "lesser of evils" policy for decades. I struggle with the solution to Sadr because of my limited knowledge of the ideosyncrasies between the Shi'a, Sunni, and Kurdish tribes. I have been reading historical information, however I choose to defer from an absolute opinion unless I have complete confidence in my facts.
In other words, I do not disagree with you or the others who share this opinion. Just playing devil's advocate. :)
Jared
08-31-2004, 01:41 PM
Just an FYI, October 15th will also be the 1st anniversary of the new Dinar. Hmmmm....
Jared :wave:
Aunt Gwennie
08-31-2004, 01:47 PM
Joe-
Your point is very interesting and very valid. It would stand to reason that the sooner the dinar goes back on the world market....the more time both policital leaders would have to toot their respective horns. Thanks!
Aunt Gwennie :wave:
tlcjthorpe
08-31-2004, 01:56 PM
Joe,
Would you care to expand on that last thought?
Some info, I work in Iraq. I work with an interpreter who I'm very close with and I have become part of his family. He has a cousin who receives emails from the Finance Minister so I hear everything that's going on.... in regards to the opening exchange rate.... Have a VERY Merry X-Mas![/QUOTE]
Hey, hey Bucko! Come on Joe, you know you can't leave a post like that without some additional details. I compare our desire for rumors to the soul in hell, who pleads for JUST ONE drop of water on the tongue! Spit it out bro, what has the Finance Minister been saying??????????? :huge:
Iraqi Al Yahud
08-31-2004, 02:11 PM
Have papers ready to flee Iraq on a moments notice.
I'm sorry I cannot. I promised my friend I would not tell anyone what we know. I have already said to much.
I can respect that.
Jared
08-31-2004, 02:18 PM
Joe -
Very valid points. The 14th would still work for election purposes though. Two weeks to the big vote and the dinar comes out! Bush could tout that for a couple weeks and keep it in the minds of the voters.
October is still early for Allawi as well since his vote isn't until the end of January. If he can get the dinar out before Ramadan that will be a major PR move for him. The people can celebrate the dinars arrival during their biggest holiday.
The first anniversary of the new dinar is also the 15th which is a milestone.
Many significant things are starting to appear. I just hope they all start to click together!!
Jared :wave:
BRYAN
08-31-2004, 02:19 PM
I'm sorry I cannot. I promised my friend I would not tell anyone what we know. I have already said to much.
Joe the information you share on this forum is encouraging and we all hope it is true !! :happy64:
But don't get yourself or any one else in trouble for LEAKING information to the public ....
Keep you source private and we will respect that > :huge:
The dinar day wil come sooner or later . We all want sooner !!!! :happy64:
wildseed
08-31-2004, 02:19 PM
Heh,
All of this speculation and anticipation was worth my 800 bucks. I'm glad I bought a lottery ticket whether I win or not. Doggone maybe I'll buy aother million with my visa card....
-wildseed
highrollr19
08-31-2004, 02:46 PM
Joe-
So then tell us if your little bit of information you just gave us is "your speculation" or your "insider's speculation"? You don't have to divulge any facts, or names, but just tell us who is making these specualtions. Thanks! I appreciate any rumor that one might hear... be it false in the end or not!
the_hulk
08-31-2004, 03:09 PM
This question may sound stupid, but how big of a news story do you think it will actually be when the Dinar begins trading internationally?
Iraqi Al Yahud
08-31-2004, 03:10 PM
That is the question all of us are wanting to know. When, and how much :happy26:
BRYAN
08-31-2004, 03:20 PM
This question may sound stupid, but how big of a news story do you think it will actually be when the Dinar begins trading internationally?
So far the way Iraq has responded and rebounded from the many years of repression is great ,This news will be all over the news media three fold . The Iraqi people are proud of their achievments and the opening of the dinar will be well reported .
When... soon I hope . ;)
This question may sound stupid, but how big of a news story do you think it will actually be when the Dinar begins trading internationally?
Hulkster, in my opinion the story may not be buried, however it will not equal the coverage given to the transition of power. Especially if the dinar opens on the global market prior to the U.S. elections, primarily because the national mainstream media has a proven track record of squashing news that may be viewed as beneficial to President Bush. Unless of course it were to open at 2000/1 USD, providing the spin machines an opportunity to potentially damage their hated enemy, President Bush.
Psycho for Dinar
08-31-2004, 04:50 PM
This question may sound stupid, but how big of a news story do you think it will actually be when the Dinar begins trading internationally?
To those in "the know", it will be fantastic news. For those who look at you stupidly when you mention foriegn currency, well............
Jared
08-31-2004, 05:01 PM
This question may sound stupid, but how big of a news story do you think it will actually be when the Dinar begins trading internationally?
That will be a world story. Everyone is waiting to see what comes out of this. The dinar coming out is the signal that Iraq is on it's way back!!!
Jared :wave:
jcsaves
08-31-2004, 07:55 PM
I agree, Jared. and, thanks Joe
jeffreyspears
08-31-2004, 10:00 PM
To Jared or anyone else who may have an opinion:
First of all, The U.S. media isn't about to activily report any good news about the dinar or anything else in Iraq. They want to hear about suicide bombers, not the good fortune of the Iraqi people.
As for the fifteenth of Oct., this would be a symbolic day to peg/float the dinar. Now here is why it won't happen on that day. First of all, Ramadan already gives these extremists an excuse for terrorism. The Iraqi government would be making a mistake to dangle this carrot at that time. Rather, a couple weeks in advance would provide some stability to the value of the dinar. This way it would not be as vulnerable to wild fluctuations as a result of terrorstic acts. The last thing Allawi wants is for the dinar to plummet in value shortly before election time. Bush probably would not want that either.
As for the possibility of the dinar opening after Ramadan, while it could happen, that would leave less time for it to stabalize before the Iraqi elections, and for what its worth the U.S. elections, although the U.S. supposedly isn't involved in the workings of the Iraqi government.
My best guess, would be sometime in the next three weeks, or sometime next year. Hopefully not the latter. They want the dinar trading internationally as soon as possible so their are not going to delay it to coincide with anything in particular, especially the anniversary of the opening of the NID. I think the warning signs are starting to show up to indicate this all happening sooner rather than later. Particurlary the changes on the CBI website.
Jared
09-01-2004, 09:45 AM
I very much agree. The news services have been nothing but a political pawn. There was a time that news services actually reported news. Now they are hip deep in politics. Edward R. Morrow must be rolling in is grave!
As far as when the dinar comes out, that's still anyones guess. The dates could still work but they could also be a bluff to bring it out sooner. Remember the transition of power? Thwarted a few terrorist plots by doing it early. Same could happen here. The clock just never seems to be fast enough :p !
Jared :wave:
vBulletin® v3.7.2, Copyright ©2000-2009, Jelsoft Enterprises Ltd.