Thread: Iraqi/Dinar news until March 1st, 2007

Originally Posted by neno

Thanks MediaHound. And Welcome to Rolclub.

Thanks Neno.
Been lurking for a bit, finally decided to join. This place is great.

Although I did miss PAn8tv's post a page earlier, he did post that article first.

An expert in the Iraqi Central Bank expected that positive effects, in the long perspective, will result from the monetary policy of the Bank in fighting inflation through raising the exchange rate of the Iraqi dinar. The Director-General of the Statistics and Research Center in the Iraqi Central Bank, Madhar Muhammad Salih, said that the Bank seeks within its reforms to establish a modern and developed infrastructure for the central banking in Iraq through strengthening the payment systems that link the Central Bank to the banks working with automatic systems. He pointed out that this mechanism will enable the Central Bank to lend banks daily, when they are exposed to some of problems in the availability of liquidity, as well as reducing the risk of manipulation and fraud since this mechanism contains a high level of secrecy and confidentiality.

Salih revealed that there are procedures related to the development of bonds’ auction and remittances of the Central Bank, as well as encouraging open market operations; stressing its deep impact on liquidity ratios and growth of cash blocs. He explained that the sales rates in an auction increased from 200 billion dinars, after being 100 billion dinars each auction previously.

Salih called on following a coordinated financial policy with the Central Bank monetary policy to reach an economic stability based on the promotion of investment expenditure and reduce consumer spending in a way that helps in operating unemployed energies in economy, whether materialistic or human, as well as fighting against poverty and achieve the welfare of the poor within the social protection systems, stressing the need to focus the consumer expenditure upon these sectors, which requires reconsidering the support activities that must be given to the production sector as a priority, but not at the expense of the health, service and educational sectors.

To modernize the Iraqi Central Bank | Iraq Updates

whoops I guess Dave did post 400... argh so much to digest here :)

Originally Posted by rvalreadydang

An expert in the Iraqi Central Bank expected that positive effects, in the long perspective, will result from the monetary policy of the Bank in fighting inflation through raising the exchange rate of the Iraqi dinar. The Director-General of the Statistics and Research Center in the Iraqi Central Bank, Madhar Muhammad Salih, said that the Bank seeks within its reforms to establish a modern and developed infrastructure for the central banking in Iraq through strengthening the payment systems that link the Central Bank to the banks working with automatic systems. He pointed out that this mechanism will enable the Central Bank to lend banks daily, when they are exposed to some of problems in the availability of liquidity, as well as reducing the risk of manipulation and fraud since this mechanism contains a high level of secrecy and confidentiality.

Salih revealed that there are procedures related to the development of bonds’ auction and remittances of the Central Bank, as well as encouraging open market operations; stressing its deep impact on liquidity ratios and growth of cash blocs. He explained that the sales rates in an auction increased from 200 billion dinars, after being 100 billion dinars each auction previously.

Salih called on following a coordinated financial policy with the Central Bank monetary policy to reach an economic stability based on the promotion of investment expenditure and reduce consumer spending in a way that helps in operating unemployed energies in economy, whether materialistic or human, as well as fighting against poverty and achieve the welfare of the poor within the social protection systems, stressing the need to focus the consumer expenditure upon these sectors, which requires reconsidering the support activities that must be given to the production sector as a priority, but not at the expense of the health, service and educational sectors.

To modernize the Iraqi Central Bank | Iraq Updates

Hello everyone. I think we could have had our RV last year except that inflation raised its ugly head. Inflation due to the exchange rate according to the IMF SBA last summer. They couldn't RV due to forming the GOI, debt reduction and security. It simply took too long and the end result was a 70% inflation rate after having pumped soo much dinar into the economy.. So, last year they decided that inflation was public enemy number 1. (IMHO) So putting off the RV until they could remove more currency. Which they have done. Haven't heard from Socata 850, but I think we are approaching 6 trillion dinar removed. Exactly what they should have done with inflation at these levels. Thank God they got the money from somewhere. So a lot of money has been removed, laws are being passed (faster than our own congress I might add) and we have comments like these directly stating the value of the dinar needs to improve. Last year we would have given our left arm to be in this position. Agree? Thank You.

from the research team in the night....

Salih revealed that there are procedures related to the development of bonds’ auction and remittances of the Central Bank, as well as encouraging open market operations; stressing its deep impact on liquidity ratios and growth of cash blocs. He explained that the sales rates in an auction increased from 200 billion dinars, after being 100 billion dinars each auction previously.

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Iraqi investment law is number 13 of 2006 Ja automatic important step in attracting and encouraging investments to Albla d content, as well as its multiple facilities and meat Yeh investors contribute to the stabilization of strong ground for investment strengthening the Iraqi economy.

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These decisions are part of the foundations of a law Walt j advanced reap the fruit on the ground. It recalls what the close of the Office of the Chief Hello Ministers from the procedures and gains for the benefit of citizens will begin to be issued Ana.

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:::- ARAB TIMES -:::

The agreement not only will open international investment in Iraq's oil industry - a bonanza for foreign oil companies - but will produce revenue for a nation badly in need of cash to finance its reconstruction.

Iraq oil plan includes sharing of revenues, more production

BAGHDAD (CNN) -- Iraq's government has agreed on a plan to divide the country's oil wealth and open the industry to international investment, a move seen as necessary to a political settlement of the nearly four-year-old war, ministers announced Monday.
"This law will guarantee for Iraqis -- not just now, but for future generations, too -- complete national control over this natural wealth," Oil Minister Hussain al-Shahristani told reporters at a Baghdad news conference

Iraqis Agree Oil Deal to Spread the Wealth

جريدة المواطن العراقية

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http://66.24.93.104/translate_c?hl=e...%26sid%3D15339

Announcement No.(872)

D.G. of Foreign Exchange Control

The 872 daily currency auction was held in the Central Bank of Iraq day Tuesday 2007/ 2/ 27 so the results were as follows :
Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1281 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 81.545.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 81.545.000 -----
Total offers for selling (US $) ----- -----

1. Note that : * the sale price of remittances dinars (1280) / $. Sale price * cash (1292) dinars / $. 2. The quantity sold, the amount of cash (11.185.000) $ and the amount of remittances (70.360.000) dollars.

An expert in the Iraqi Central Bank expected that positive effects, in the long perspective, will result from the monetary policy of the Bank in fighting inflation through raising the exchange rate of the Iraqi dinar

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Originally Posted by Jola

From the Baghdad Satellite Channel:
Translated version of http://www.baghdadch.tv/denar.htm

نور علي _بغدادNour on the Baghdad -

أكوام من العملة الوطنية العراقية تعرض يوميا ل لبيع والشراء في شوارع بغداد، فالحديث عن الدينار العراقي وتذبذب سعر صرفه في ال سوق أحد أبرز الاهتمامات التي تتصدر أحاديث العرا قيين اليومية، وهم في هذا باتوا أقرب إلى الانشغال والشغف بصعود ا لأسعار وهبوطها بمستوى قلقهم من تدهور الأحوال ال أمنية في بلادهم .Piles of the national currency the Iraqi daily Al the sale and purchase on the streets of Baghdad. talk about the Iraqi dinar and the fluctuation in the rate of exchange market one of the most prominent concerns at the forefront of discussions Ara Kien Journal in this they are closer to the concern and fascination with the rise of a for prices and the level of landing concern at the deterioration of conditions security in the country.






ويأمل العديد من العراقيين في استعادة عملتهم لقي متها السابقة وقوتها التي كانت عليها خلال السبعي نيات والثمانينيات، حيث بلغ سعر الصرف الرسمي للدينار أكثر من ثلاثة دو لارات للدينار الواحد، في حين تدهور السعر ليصل قبل احتلال العراق إلى أكث ر من ألفي دينار للدولار.It is the hope of many Iraqis in restoring currency was Mya Yugoslavia and strength they were during Alsafi intents and 1980s, as the official exchange rate of the dinar is more than three de lari one of the dinar, while the deterioration of the price up by the occupation of Iraq to Ach R. thousand dinars to the dollar.



الدينار العراقي شهد ارتفاعا تدريجيا متواصلا في قيمة صرفه امام الدولار منذ ان قرر البنك المركزي ا لعراقي اعتماد سياسة نقدية جديدة لمعالجة التضخم في ال 13 من تشرين الثاني _نوفمبر الماضي.The Iraqi dinar has been rising gradually and continuously in the purely value against the dollar since the Central Bank decided to a Iraqi adoption of a new monetary policy to deal with inflation in the 13 November-last November.



وعزا البنك "أسباب التضخم الى عدم تناسب سعر صرف ال دينار العراقي الاسمي مع مستواه الحقيقي" مما حدا بالبنك الى رفع قيمة الدينار لتصل خلال كانون الثا ني _ يناير الى نحو 1300 دينارا للدولار الواحد.He attributed the "causes inflation to the disproportionate rate of the Iraqi dinar with the nominal level of the real, "which prompted Bank to raise the value of the dinar up through December Althea Ni-January to about 1300 dinars per dollar.



وتأتي توقعات المراقبين اليوم باستمرار ارتفاع ا لدينار الى قيمة 1200 دينار للدولار وسط اقبال واس ع للمستثمرين والاشخاص للتعامل بالدينار العراق ي بدلا من الدولار الامريكي.The observers anticipated a steady rise today for dinars to the value of 1200 dinars to the dollar amid demand WAS p for investors and people to deal dinars Iraq j instead of the dollar.



تقلبات الدينار العراقي مؤشر عام على حالة الوضع الاقتصادي في العراق ففي ضوء هذه الأوضاع غير المس تقرة تنتشر مشاعر الاستياء من حالة الغلاء الفاحش في البلاد.The Iraqi dinar index fluctuations in the situation Iraq's economic In light of these conditions are not threatened approved by spreading feelings of resentment from the hike in food in the country.





تاريخ الاقتصاد العراقيThe history of the Iraqi economy



مظاهر النمو الاقتصادي بدت واضحة في العراق بعد تا ميم النفط عام1972 حتى بداية عقد الثمانيات من الق رن الماضي حين دخل العراق حربا ضروسا مع ايران لتتع طل عجلة التطور والعمران, كما ان الحصار الذي فرض على العراق من الامم المتحد ة بداية التسعينات كان له اثر كبير في تدهور الاقتص اد العراقي ومنذ ذلك الوقت بدأ المواطن العراقي مر حلة شاقة من المعاناة ومر الاقتصاد باسوأ فترة ليص بح مستوى التضخم في الدينار العراقي يضر بالاقتصا د بشكل مباشر ويستمر التدهور في الاقتصاد حتى بعد ا حتلال العراق ليبقى رهن الظروف ما بين الاستقرار و عدمه.Manifestations of economic growth is apparent in Iraq after Ta M. oil in 1972 until the beginning of the 1980s cascade. Ren past when it entered Iraq fight a war with Iran to Tto aerial wheel of development and construction, The embargo imposed on Iraq by the United Bank e beginning of the 1990s have had a significant impact on the deterioration of Alaghtasse Ed Iraqi Since that time, the Iraqi citizen over dissolution of hard feelings and suffering the worst economy Les hoarse level of inflation in the Iraqi dinar detriment Balaghtassa d directly and continue deterioration in the economy, even after a Htlal Iraq would depend on the circumstances between stability and or not.



الدينار العراقي و مشواره الطويل ...الكثيرمن ا لمراقبين لمجريات الامورفي العراق يعتقدون ان ان عاش وازدهار الاقتصاد العراقي سيكون الانطلاقه ا لاولى في تجاوز كل العثرات والصعوبات التي قد تواج ه الحكومة في تخطي خطوات شاقة تعبر بنا الى مرحلة جد يدة من النهوض والبناء فكل برنامج حكومي من شأنه تف عيل الأنشطة الأقتصادية في بلد غني بالموارد النف طية مثل العراق أضافة الى موارد أخرى كالزراعة وال صناعة والسياحة وغيرها من الموارد, أذا لابد ان تسعى الحكومة الى أيجاد حلول مناسبة .The Iraqi dinar and his long ... A break for observers of the happenings Alamurvi Iraq believe that the lived and prosperity of the Iraqi economy will be a breakthrough first to overcome all obstacles and difficulties which may Toaj e government steps in overcoming tough for us to reflect a very his renaissance and construction Every government program would fulfilled hitting economic activities in the resource-rich country useless herewith, such as Iraq, in addition to other resources such as agriculture and the industry, tourism and other resources, if we have to the government seeks to find appropriate solutions.



بالرغم من ظهور صور السيارات المفخخة وحوادث اطلا ق النار والمتظاهرين الغاضبين في العراق عبر شاشا ت التلفزيونات العربية كل ليلة، يبقى رجال الأعمال في المنطقة، يراهنون على مستقبل اقتصادي مزدهر للعراق الذي مز قتة الحروب.Despite the emergence of the pictures of booby-trapped cars and accidents Atala s fire and the angry demonstrators in Iraq via Chacha T. Arab television every night, The businessmen in the region. betting on the future of economic prosperity for Iraq, which Maz his time of war.



ويستخدم حالياً كل من الدينار والدولار في المحلا ت العراقية، وهذا تغير عن الماضي القريب حيث كانت العملة الأمر يكية تستخدم عادة لشراء البضائع المستوردة الغال ية ـ مثل الألكترونيات.Currently used by the dinar and the dollar in Almahla T. Iraqi This change from the recent past, where the currency is Eker normally used for the purchase of imported goods Wales Yeh such as electronics.



اوضح مصدر مسؤول في وزارة المالية بان الحكومة تت وقع ارتفاع سعر صرف الدينار بنسبة 13 % مقابل الدول ار بحلول أوائل عام 2007 بعد رفع سعر الفائدة للحد م ن استعمال الدولار في الاقتصاد وكبح التضخم.An official source at the Ministry of Finance that the government pw the high rate of the dinar by 13% compared States TR By early 2007 after raising interest rates to curb m n use of the dollar in the economy and curb inflation.



مشيرا الى أن الحكومة تستهدف الوصول بسعر الصرف ال ى 1260 دينارا للدولار في الاشهر الثلاثة الاولى م ن 2007 من المستوى الحالي 1500 دينار للدولار.Pointing out that the government aimed at the exchange rate of j 1260 dinars to the dollar in the first three months M. n 2007 from the current level of 1500 dinars to the dollar.

مؤكداً على ان ميزانية 2007 تفترض سعر صرف عند 1260 دينارا مقابل الدولار مضيفا أن مجلس الوزراء سينا قش مشروع الميزانية على أمل رفعها الى البرلمان ال اسبوع المقبل.He emphasized that the 2007 budget assumes the exchange rate at 1260 Kuwaiti dinars to the dollar, adding that the cabinet Sena straw in the hope of the draft budget submitted to the Parliament next week.

موضحاً بأن الميزانية ستوضع على أساس سعر 1260 دين ارا للدولار و’5’ دولارات لبرميل النفط مع انتاج 1 ,7 مليون برميل يوميا.He added that the budget will be established on the basis of price in 1260 religion Lara for the dollar and 'five' dollars for a barrel of oil with production of 1 6-2 million barrels per day.



وأضاف أن البنك المركزي بدأ رفع سعر الفائدة من 12 % الى 16 في المئة حاليا مشيرا الى عدم وجود خطط فورية لمواصلة رفع الفائدة.He added that the Central Bank started raising the interest rate from 12% 16% currently pointing to a lack of immediate plans to continue to raise interest rates.



واشار المصدرالى ان الهدف من رفع أسعار الفائدة هو لتعزيز الدينار ومحاربة الدولرة وكبح التضخم وتع زيز ثقة العراقيين في العملة المحلية مؤكدا بأن اي اقتصاد يعتمد على الدولار يعد ضعيفا.The Almusdrali that the aim of raising interest rates is to strengthen the dinar against the dollar and curb inflation Ota Post confidence of Iraqis in the local currency stressing that any the economy depends on the dollar is weak.



يذكر ان البنك المركزي العراقي كان قد نفى في وقت سا بق ان تكون للبنك نية لتحديد او خفض سعر صرف الدولار مقابل الدينار العراقي لسببين الاول: ان القدرات الاحتياطية للبنك غير مطلقة والثاني ي عود الى ارتفاع عامل الاسعار.It is noteworthy that the Central Bank of Iraq had been denied at the time Sa pw to be the bank's intention to limit or reduce the dollar exchange rate against the Iraqi dinar for the first two reasons : The reserve capacity of the bank not absolute and the second j promises factor to the high prices.



وتوقع مسؤول في البنك المركزي العراقي عجزاً في مو ازنة العام المقبل، جراء عملية ضخ الدولار في السوق المحلية، للحفاظ على استقرار سعر صرف الدينار.An official at the Iraqi Central Bank deficit in the mo offset next year. by the process of pumping dollars into the local market. to preserve the stability of the dinar exchange rate.



الى ذلك، واصل الدينار ارتفاعه أمام الدولار في مزايدة «ال مركزي»، وتوقع خبراء في «البنك المركزي» ، حصول تحسن ملحوظ في سعر الدينار، جراء انخفاض سعر صرف الدولار، خلال الشهرين المقبلين.So, The dinar has risen against the dollar on speculation <of central>, and experts in <CBE>, a marked improvement in the rate of the dinar, due to the exchange rate depreciation of the dollar, over the next couple of months. وكان آخر ارتفاع في سعر الدينار العراقي أمام سعر ص رف الدولار عام 1995، لكن سعر الصرف استقر بعد ذلك بين 1400 و 1700 دينار ل لدولار.The latest rise in the rate of the Iraqi dinar to the Al-rate a shelf in the dollar in 1995, However, the exchange rate stabilized after that between 1400 and 1700 dinars told to dollars.



وعزا «المركزي» أسباب ارتفاع سعر الدينار أمام ال دولار، إلى الاستقرار في مزايدات بيع الدولار من دون معدل سعر صرفه الحقيقي.He attributed <Central> reasons for the high rate of the dinar against the dollars. for stability in the one-dollar sale without rate the real rate of exchange. وأوضح الصوري ان التضخم الذي يعانيه الاقتصاد حال ياً هو تضخم أسعار، وليس تضخماً نقدياً، مشيراً إلى ان هدف «المركزي» هو الحد من آثار التضخ م النقدي.He explained that the picture of inflation suffered by the state of the economy What is the inflation rate, and not monetary inflation. He pointed out that the goal of <Central> is to limit the effects of Altdkh m cash. أما تضخم الأسعار فأسبابه معروفة، بينها انخفاض العروض السلعية، واستغلال بعض الجشعين للظروف التي يمر بها العراق ، متوقعاً تحسناً ملموساً في سعر الدينار، وانخفاض الأسعار إزاء هذا التحسن .The price inflation Vaspaph known. presentations include low commodity, greedy and exploit some of the circumstances through which Iraq , and expected significant improvement in the rate of the dinar, and the drop in prices to this improvement.



وزير المالية العراقي بيان باقر جبر صولاغ قال ان ا لحكومة تتوقع ارتفاع سعر صرف الدينار بنسبة 13 في ا لمئة مقابل الدولار بحلول أوائل عام 2007 بعد رفع س عر الفائدة للحد من استخدام الدولار في الاقتصاد و كبح التضخم.Iraqi Finance Minister Baqir Jabr statement said that a strike the government expects the increase in the price of the dinar by 13 in a for a hundred against the dollar by early 2007 following the adjournment of S. Er interest to curb the use of the dollar in the economy and curbing inflation.

وأبلغ الوزير أن الحكومة تستهدف الوصول بسعر الصر ف الى 1260 دينارا للدولار في الاشهر الثلاثة الاو لى من 2007 من المستوى الحالي 1500 دينار للدولار.The Minister informed that the government aimed at Walser P to 1260 dinars to the dollar in the three months Alao I 2007 from the current level of 1500 dinars to the dollar.



وقال ان الهدف من رفع أسعار الفائدة هو تعزيز الدين ار لمحاربة الدولرة وكبح التضخم وتعزيز ثقة العرا قيين في العملة المحلية.He said that the aim of raising interest rates is to promote religion dollarization left to fight and curb inflation and to strengthen the confidence of Abra Kien in the local currency.

وأضاف أن على العراقيين الان استخدام الدينار بدل ا من الدولار وأن زيادة قيمته ستساهم في تخفيف حدة ا لتضخم البالغ حاليا 56 في المئة.He added that the Iraqi dinar is now used instead of a dollar value increase and will contribute to the alleviation of a for inflation, which now stands at 56%.

الجدير بالذكر ان معدل التضخم في العراق 76.6بلغ في المئة في اب _ اغسطس الماضي .It is worth mentioning that the inflation rate reached 76.6 in Iraq % in August-August last year.





فيما تباينت توقعات أصحاب محال الصيرفة في مديات ت حقيق إستقرار سعر صرف الدينار العراقي مقابل الدو لار الأمريكي ومحاولات أصحاب الشأن المالي في تخف يض نسب التضخم وإنعكاسها على سعر صرف العملات الأج نبية.With varied expectations shop owners banking in the range of T. genuine stability of the exchange rate of the Iraqi dinar against Aldo Laar American attempts stakeholders in the financial shortage Eh inflation rates and the effect on the exchange rate Alag Nabih.

أن كل التوقعات الخاصة بإنخفاض قيمة الدولار مقاب ل الدينار لا يمكن أخذها على محمل الجد كون هذا التذ بذب ربما يكون وقتياً وسرعان ما يعود السعر إلى معد لاته المعهودة وإن التذبذب الحاصل في الأسعار ربم ا ناتج عن السياسة المتبعة للبنك المركزي العراقي على مدى الفترة الماضية المتمثلة ببيعه المباشر ل لدولار إلى المصارف الأهلية عبر مزادات العملة وب أسعار مخفضة خلال هذه الفترة وبأسعار تنافسية خلا ل الفترات الماضية حققت الكثير من الإستقرار لسعر صرف الدينار العراقي مقابل الدولار بما يعادل145 0 ديناراً للدولار ونتوقع عند إنتهاء هذه السياسة أو نفاد الحاجة إليها سيعود السعر إلى وضعه السابق .All expectations for a decline of the value of the dollar Mma dinar told not to be taken seriously the fact that this Altz B*b may be temporary and the price quickly reverts to the editor Ate the usual volatility and the current price Erpm a result of the policy of the Central Bank of Iraq over the past period of selling direct to the dollars to private banks through auctions and a currency reduced prices during this period and at competitive prices fell for periods last achieved a lot of stability to the dollar exchange the Iraqi dinar against the dollar, or the equivalent of 145 0 dinars to the dollar, we expect at the end of this policy or depletion of the need to return the price to its previous .


محافظ البنك المركزي د.سنان الشبيبي أكد في بيانا ت صحفية على ان السياسة النقدية الجديدة المزمع تط بيقها بتخفيض سعره تضمنت عدة نقاط لإمتصاص وتائر ا لتضخم العالية الناتجة عن زيادة السيولة النقدية ، ما إقتضى إتباع سياسة نقدية جديدة هادفة إلى تحسي ن سعر صرف الدولار بإتجاه تخفيض سعره عدة نقاط في ا��مزاد الذي ينظمه البنك المركزي للتشجيع على شراء ��لدولار لسحب النقد من التداول.Central Bank Governor Dr. Sinan Shabibi said in a statement T. press that the new monetary policy to be Cta Bikha reduced price included several points to absorb intensifying a the high inflation resulting from the increase in cash , a necessary new monetary policy aimed at Thase n the direction of the dollar exchange rate reduced its price several points in a auction organized by the Central Bank to encourage the purchase the dollars to withdraw money from circulation.

وحدد الشبيبي معدلات التضخم في العراق بمعدل76% و السعي لتخفيض معدلاته من خلال توفير شروط أفضل للت نمية الإقتصادية وتحسين اداء القطاع المصرفي وتو فير الإستقرار فيه.The Shabibi inflation rates in Iraq by 76% and seeking to reduce rates by providing better terms Llte Nmeh economic and improve the performance of the banking sector Ut great stability.

وأضاف أن السياسة الجديدة للبنك المركزي تتمثل في زيادة سعر الفائدة للمصارف على الإستثمار والبال غة15% لمدة14 يوماً و16% لمدة شهر، فضلاً عن المزاد الذي ينظمه البنك في إجراء تنسيق م ع وزارة المالية لجعل إرتباط المصارف الحكومية با لبنك أسوة بالمصارف الأهلية ويكون إرتباط الأولى بالوزارة من الناحية الإدارية فقط من أجل سهولة تط بيق السياسة النقدية التي يرسمها البنك المركزي.He added that the new policy of the Central Bank is the increasing interest rates for banks on investment and mind Ge 15% for a period of 14 days and 16% for one month, as well as the auction, organized by the World Bank in coordination M. p and the Ministry of Finance to make the association governmental banks Pa Banks like Bank of eligibility and the first association ministry of the administrative side, just to ease Cta Bek monetary policy set by the Central Bank.

يمكننا أن نعد تذبذب سعر صرف الدولار مقابل الدينا ر بأنه أصبح لازمة للإقتصاد العراقي منذ عهد النظا م السابق وما صاحبها من فترات تذبذب كبيرة بسبب غيا ب السياسات النقدية ولكننا اليوم نعيش حالة من الب حث والدراسة لكل مفاصل الحياة لذا يتوجب على المخت صين عند تطبيق أية سياسة جديدة التوعية بآثارها ال سلبية لإستبعاد أية تبعات سلبية على المستهلك وال إقتصاد الوطني.We can promise the fluctuation of the dollar rate of exchange against the parents t that became a crisis of the Iraqi economy since the days of Anada m and the former owner of the periods due to the fluctuation of Gia b monetary policies, but today we live in a state of the Elbe The study urged all joints life is therefore incumbent upon Almkht China on the implementation of any new policy awareness of the effects negative to exclude any negative consequences on the consumer and the the national economy.



ويبقى العراقيون يتطلعون الان الى مستقبل اكثر ا شراقا بعد رفع العقوبات الدولية عن بلدهم والى حرك ة اعمار نشطة ستستمر سنوات طويلة وستصل تكاليفها ا لى مئات مليارات الدولارات لبناء عراق جديد يتمتع باقتصاد قوي ويعيش شعبه في ظل الرفاهية والامن وال سلامIt remains the Iraqis now looking to the future of a more Shraga after the lifting of sanctions on the country and to enable the e active reconstruction will continue for long years and will cost a I have hundreds of billions of dollars to build a new Iraq enjoys a strong economy and live in the light of prosperity and security and the Peace

فالخروج من حلة الكساد الاقتصادي في البلاد أمر يت وقف على عوامل عدة، لعل أهمها عودة الأمن والاستقرارللبلاد.Going out of the dissolution of the economic recession in the country is not% stay on several factors, perhaps the most significant return of security and Alastekararllballad.


يشكر موقع قناة بغداد / زاوية مقالات (الأخت نور ع لي) لتواصلها مع الزاوية وقد خصصت الزاوية لمقالا تها هذا الأسبوعThank Baghdad canal site / angle articles (Sister Nur p I) for interfacing with the angle have been allocated cornerstone of wit elsewhere this week

sounds like they get the dinar level sucked down where they want it then they will raise it back to three bucks!!! woOtttttttt!!!!!

Originally Posted by Wm.Knowles

Hello everyone. I think we could have had our RV last year except that inflation raised its ugly head. Inflation due to the exchange rate according to the IMF SBA last summer. They couldn't RV due to forming the GOI, debt reduction and security. It simply took too long and the end result was a 70% inflation rate after having pumped soo much dinar into the economy.. So, last year they decided that inflation was public enemy number 1. (IMHO) So putting off the RV until they could remove more currency. Which they have done. Haven't heard from Socata 850, but I think we are approaching 6 trillion dinar removed. Exactly what they should have done with inflation at these levels. Thank God they got the money from somewhere. So a lot of money has been removed, laws are being passed (faster than our own congress I might add) and we have comments like these directly stating the value of the dinar needs to improve. Last year we would have given our left arm to be in this position. Agree? Thank You.

I believe this figure is close to accurate:

5,862,674,035,000 total out since Sept 06’

Originally Posted by Socata 850

Number of banks 14 -----
Auction price selling dinar / US $ 1282 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 45.050.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 45.050.000 -----
Total offers for selling (US $) ----- -----


Gooooooooooooood Morning RolClub


"The More They Take, The More We Make".

The CBI dinar exchange rate has stayed the same for a number of days now, but finally the draft oil law has been submitted to Parliment for approval. Maybe this time it is for real. I have tried to envision what could derail the process now and I can't come up with any logical reasons, except that we are dealing with Iraq and 2000 years of anonmosity between the different religious factions. I have to admit, I was a little hyped up this past weekend. Trying to keep things in persepective and focusing on my job and business while still hoping for the day when ALL our lives will change significantly. I still believe and still feel it will be sooner rather than later. I have family and friends that think it will be two years or more, I just can't imagine it taking that long. IMO I believe the Oil Summit in Amman, Jordan in mid April will be key. Hope it is sooner, but thats the date I'm looking to. Everyone have a good week and we'll see what unfolds in the next few days. We have now passed the 5.75 trillion mark for dinars extracted from circulation. Thanks to all.


1. No rate change today, it is now 1282

2. A (net) worth of dinars, IQD - 57,754,100,000 pulled out of circulation on today. (2/26/07)

3. 14 banks participating today

4. 90th auction since the beginning of CBI's reval plan

5. 148 days into the CBI's reval plan.

6. 5,756,720,930,000 dinars pulled from circulation !!

7. "0" Dinars back into circulation today

8. 195 dinar change since Oct 1st (baseline was 1477) 13.202% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 0 point reduction in the rate so far this week. Was at 1282 at the end of last week, 1282 so far this week.

10. 10 point drop so far in the month of Feb. Ended at 1292 in Jan, now stands at 1282. In January we saw a 2.49% drop in the rate.

Bump.

Originally Posted by PAn8tv

In some respects they are one in the same. People that post from their sources, the info is coming out of Iraq

you cant tell him that. it would mean the negative stuff that hes been ****in was wrong.

Originally Posted by buddyboy

This was offered on the Arabic side of the CBI for the exchange rate page. The english did not offer this note. I am not sure of the importance but it did seem a little intriguing that one side would do this and the other would not.

1. Note : The sale price of remittances dinars (1280) / $. The sale price cash dinars (1292) / $. 2. The quantity sold, the amount of cash (11.185.000) $ and the amount of remittances (70.360.000) $

i quote this everyday. it shows you exactly how much each bank is actually using. not a whole lot to be distributed per bank.