Article

2004-01-17 Syria-Lebanon

Lebanese Authorities Seize Iraq Currency

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred Pruitt 2004-01-17 00:14|| || Front Page|| [2 views since 2007-05-07] Top

#1 This fits the article I posted yesterday about the new dinar. Seems like lots of speculators are moving dinars out of the country to Kuwait, Lebanon, Syria, etc., all in hopes of cashing them back at some point after the dinar has appreciated some. This could be that.

Or it could be the Feyadeen trying to get some new money to finance their operations. Perhaps our boys should have a vigorous conversation with these Lebanese bankers.

Posted by Steve White 2004-1-17 1:30:31 AM|| 2004-1-17 1:30:31 AM|| Front Page Top

#2 Sounds to me like they're expecting the Dinar to become a relatively "hard" currency for the area. A $15M bet, with a good return rate.

Posted by mojo 2004-1-17 4:57:43 PM|| 2004-1-17 4:57:43 PM|| Front Page Top

#3 Airborne currency speculation.....hmmmmmm....

Posted by Alaska Paul 2004-1-17 5:14:35 PM|| 2004-1-17 5:14:35 PM|| Front Page Top

07:50 Jochen
01:48 Anti-aggressor
05:29 f-ing euro
02:24 SH
02:23 Anonymous
20:56 Jesus
18:24 Sn
17:50 Seppo Basher
16:37 Sven
15:55 Sophist
14:05 ar
14:01 ar
14:00 ar
12:28 Sven
12:27 Taffy
10:14 rt
09:18 Jochen
07:28 f-ing euro
07:23 Anonymous
06:46 f-ing euro
00:27 VRWconspiracy
23:45 curtis kreutzberg
23:41 SON OF TOLUI
23:34 SON OF TOLUI