Thread: Iraqi/Dinar News before 3-12-2007 7:45PM CentralTimeZone

Originally Posted by readytogo

Ditto to ya CP and all you other news hounds!

i AM THANKFULL FOR YOU TOO CP,KEEP IT COMMING!aND ON ANOTHER NOTE COULD SOMEONE EXPLAIN WHAT,THE POST BY ADSTER MEANS ABOUT THE MARCH 12,STAND BY AGREEMENT!!
THANKS
SARAH!!

Dollar Demand Drops Sharply in Iraq Exchange
Monday Auction Barely Reaches Half of Sunday's $68 Million
Posted 1 hr. 4 min. ago
Baghdad, March 5, (VOI) – Demand for the dollar sharply declined in the Iraqi Central Bank’s daily auction on Monday, only reaching $35.555 million compared with $67.810 million on Sunday.

In its daily statement, the bank said it had covered all bids, which included $11.040 million in cash and $24.515 million in foreign transfers, at an exchange rate of 1,279 dinars per dollar, one tick lower than yesterday.

Thirteen banks participated in Monday's auction and offered to sell 4 million dollars, which the Central Bank bought at 1,277 dinars per dollar.

Abdul-Razzaq al-Abaiyji, an economist, told VOI that the bids and offers made by the banks at the Central Bank's daily auction are governed by, amongst other things, the principle of supply and demand, adding that "a tick lower in the exchange rate could not have considerably affected demand for the dollar, as it sharply dropped in today's session."

IraqSlogger: Dollar Demand Drops Sharply in Iraq Exchange

العراق،Justice / follow-up, Paul Bernkli Deputy Defense Minister for the American commercial transport that our work in Iraq is to create network work between Iraqi businessmen and businessmen to facilitate global economic recovery in Iraq.

ة .Bernkli added in a press conference held in Baghdad with 50 representatives of American companies and international experts from the Ministry of Agriculture of America, "We have paths of progress in that the first thing to work on the revitalization of government factories frozen and left after the war and able men Business world to invest in Iraq by the return of such factories to work. " He continued : "We are working with the Iraqi government to develop a plan for these labs and large factories abandoned. " He said, "There are 50 factories visited since the government came before nine months, including factory the feed industry and local projects and find out how to revive the textile factory and plant chemicals, upholstery, carpets and electrical industries. " He added : "The second phase is the arrival of businessmen and global agricultural experts to Iraq to meet with farmers and Iraqis from all groups to learn what they need, and said " There is a clear recognition that security in Iraq and the recovery of the economy heading for a coherent line and unemployment in Iraq is one of the reasons for creating terrorism. " He explained that "there is a special budget for special projects, including the reconstruction of infrastructure and commercial premises, factories and a special budget to attract specialists and experts agricultural Iraq so that the private sector and international work on a single network. " The Bernkli that "there is a difference between the budget allocated for the re - the reconstruction of Iraq and the budget allocated for the re factories. " He did not disclose the budget for that, for his part, said Dr. adviser Deputy Defense Minister American oil and gas "after the Iraqi parliament approved the law on oil will look forward to a bright future of Iraq that would provide protection for the Iraqi people living where would allow prospecting companies in the area of work for the development of productive oil and gas sweetening. " He said that "there 90% of the gas burns without the benefit of it "and said" we will work for Iraq to take advantage of the fuel gas Like the developed countries.

ÌÑíÏÉ ÇáÚÏÇáÉ ÇáÚÑÇÞíÉ - ãÓÄæá ÃãÑíßí: äÚãá Úáì ÎáÞ ÔÈßÉ Èíä ÑÌÇá ÇáÅÚãÇá ÇáÚÑÇÞííä æ ÇáÚÇáãííä

Parliamentarians and Politicians accused of supporting terrorism were issued arrest warrents in accordance with The Anti-Terrorism Act. Their immunity was lifted and less than ten persons were reported to have been given warrants. Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

I have thingto disagree with you . Our dinar is a commodity, and we should not pay an additional fee on a commodity, I could be wrong but I dont think commodities are subject to capital gains.
One other thing you might want to look into is creating a private tust or what its know as a pure trust , that is located in the united states and is totally private , no goverment agency can penetrate it. If you are interested,contact Michelle at mid atlantic trusts/ just something to ponder
Benzboy

Originally Posted by mewannapeg

Dollar Demand Drops Sharply in Iraq Exchange
Monday Auction Barely Reaches Half of Sunday's $68 Million
Posted 1 hr. 4 min. ago
Baghdad, March 5, (VOI) – Demand for the dollar sharply declined in the Iraqi Central Bank’s daily auction on Monday, only reaching $35.555 million compared with $67.810 million on Sunday.

In its daily statement, the bank said it had covered all bids, which included $11.040 million in cash and $24.515 million in foreign transfers, at an exchange rate of 1,279 dinars per dollar, one tick lower than yesterday.

Thirteen banks participated in Monday's auction and offered to sell 4 million dollars, which the Central Bank bought at 1,277 dinars per dollar.

Abdul-Razzaq al-Abaiyji, an economist, told VOI that the bids and offers made by the banks at the Central Bank's daily auction are governed by, amongst other things, the principle of supply and demand, adding that "a tick lower in the exchange rate could not have considerably affected demand for the dollar, as it sharply dropped in today's session."

IraqSlogger: Dollar Demand Drops Sharply in Iraq Exchange

What does that mean to us exactly?

There is an entire thread devoted to tax discussion. Very informative too!

Not sure where it was moved to. Maybe someone can help find it?

Originally Posted by ourhouse37

What does that mean to us exactly?

Originally Posted by mewannapeg

Dollar Demand Drops Sharply in Iraq Exchange
Monday Auction Barely Reaches Half of Sunday's $68 Million
Posted 1 hr. 4 min. ago
Baghdad, March 5, (VOI) – Demand for the dollar sharply declined in the Iraqi Central Bank’s daily auction on Monday, only reaching $35.555 million compared with $67.810 million on Sunday.

In its daily statement, the bank said it had covered all bids, which included $11.040 million in cash and $24.515 million in foreign transfers, at an exchange rate of 1,279 dinars per dollar, one tick lower than yesterday.

Thirteen banks participated in Monday's auction and offered to sell 4 million dollars, which the Central Bank bought at 1,277 dinars per dollar.

Abdul-Razzaq al-Abaiyji, an economist, told VOI that the bids and offers made by the banks at the Central Bank's daily auction are governed by, amongst other things, the principle of supply and demand, adding that "a tick lower in the exchange rate could not have considerably affected demand for the dollar, as it sharply dropped in today's session."

IraqSlogger: Dollar Demand Drops Sharply in Iraq Exchange

I think this person is tipping us off!

Supply and demand has created a lower demand for dollars. The banks are holding their Dinar. Perhaps in anticipation of something BIG? Hmmmm...

Originally Posted by Hardwood

I think this person is tipping us off!

Supply and demand has created a lower demand for dollars. The banks are holding their Dinar. Perhaps in anticipation of something BIG? Hmmmm...

Exactly, but it would be a significant sign if the demand for dollars continues to drop. We have had auction below this one, so if it continues to drop for coming auctions, then they are drying up and we know what that will lead to

I have moved the Tax discussion


Tax related questions and discussions should be dealt with in the below thread.
http://www.rolclub.com/iraqi-dinar-d...ed-here-7.html

Thank you!