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

Announcement No.(881)

D.G. of Foreign Exchange Control

The 881 daily currency auction was held in the Central Bank of Iraq day Monday 2007/ 3/ 12 so the results were as follows :

Details Notes
Number of banks 13 -----
Auction price selling dinar / US $ 1278 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 59.600.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 59.600.000 -----
Total offers for selling (US $) ----- -----

Increase in value continues with another 1 for today setting dinar at 1278.

At this rate of movement another 1277 days/ auctions before goal of 1:1? It would be nice to see the aution jump 10 to 20 a day not just one or none as a few days ago.

Reeeaaaaaaaallllllllllyyyyyyyy Slooowwwwwww movement for value to aid the Iraqi people anytime soon.

Kozmar

Originally Posted by readytogo

So many conflicting stories... they are reading the law today... they are not reading the law today... they are reading the law today for the 2nd time... they are sending the law back to the cabinet... the law will be passed in July when summer session begins... the law needs to be passed now... can't pass the law til security measures are cleared up ...

So which is it? Is there anybody out there that can read these articles and make heads or tails of them?

Oh, never mind! That's why my head is in a tizzy right now, cause of all the opinions. Just give me some good solid facts and I will be happy!

What!? None to be found!?

Guess I will just have to keep the faith and have patience!

Exactly. Or just remember to check this site www.iraq.org every day. It will give pure and simple fact of the day, every 24 hours. But then again, We have those detectives, that will find that article that says it all. Have a Great Day, I got to go to the DayJob.

Originally Posted by readytogo

So many conflicting stories... they are reading the law today... they are not reading the law today... they are reading the law today for the 2nd time... they are sending the law back to the cabinet... the law will be passed in July when summer session begins... the law needs to be passed now... can't pass the law til security measures are cleared up ...

So which is it? Is there anybody out there that can read these articles and make heads or tails of them?

Oh, never mind! That's why my head is in a tizzy right now, cause of all the opinions. Just give me some good solid facts and I will be happy!

What!? None to be found!?

Guess I will just have to keep the faith and have patience!

Smokescreens, Smokescreens and some more Smokescreens!

I believe they are giving us this different information so we will not know how close they really are, it is pretty clever if you look at it. If they would announce that this date, the laws will be done and the RV will happen, dont you think 1000s of ppl would try to buy dinars?

Now, they are putting up smokescreens so not even us, the investors that read hundreds of articles daily have a clue what really is going on.

Just my thoughts

what can i say. i seem to be batting a thousand these days with my posts. probably is a good indication that i should be just reading instead.

Originally Posted by Adster

Not in this case. If you had checked, you'd have seen I'd posted this yesterday morning and the story came out a day earlier than your link. Your story was a day later and at a later time posted here. Let's not make it a 'them' versus 'us' situation. We're all in this together Susie.


Iraqi new investment law will enter into effect
التاريخ : 10/03/2007Date : 10 / 03 / 2007
المصدر : MENAFNSource : MENAFN


وصل قانون الاستثمار العراقي الجديد الى حيز التنفيذ بشكل فعلي بعد ان تم الاعلان عن تشكيل الهيئة الوطنية للاستثمار التي ستكون مسؤولة عن رسم السياسات الاستثمارية ووضع الضوابط ومراقبة تطبيقها.The new Iraqi investment law to effectively into effect after it has been the formation of the National Authority for Investment, which will be responsible for investment policy and regulation and control application.

وأكد مصدر في وزارة المالية العراقية ان الغاية من تشكيل الهيئة هو ان تكون مسؤولة عن كافة المشاريع الاستثمارية الاستراتيجية ذات الطابع الاتحادي حصرا، فيما ستكون هناك هيئات الاقاليم والمحافظات التي ستكون مسؤولة ايضا عن التخطيط الاستثماري ومنح اجازات الاستثمار في مناطقها.A source at the Iraqi Ministry of Finance that the purpose of the body is to be responsible for all investment projects of strategic nature of the federal exclusively, as there will be regional and provincial bodies, which will also be responsible for investment planning and the granting of leave to invest in their regions.

يذكر ان الاهداف التي يسعى القانون لتحقيقها، خاصة بعد ان بدأ العمل به منذ ايام، بين المصدر انه ارتكز على تحقيق عدة اهداف، اهمها تشجيع الاستثمارات ونقل التقنيات الحديثة للاسهام في تنمية الاقتصاد العراقي وايضا تشجيع القطاع الخاص العراقي والاجنبي للاستثمار في العراق من خلال تأمين التسهيلات اللازمة لتاسيس المشاريع وتعزيز القدرة التنافسية، وكذلك تنمية الموارد البشرية حسب متطلبات السوق وتوفير فرص عمل للعاطلين عن العمل.It is noteworthy that the objectives of the law to achieve them, particularly after work began a few days ago, between the source it was based on achieving a number of objectives, the most important investment promotion and transfer of modern technologies to contribute to the development of the Iraqi economy and also to encourage the Iraqi private sector and foreign investment in Iraq through securing the necessary facilities for the establishment of projects and to enhance competitiveness, as well as the development of human resources according to market requirements and providing job opportunities for the unemployed.


تجدر الأشارة الى أن القانون حمل في بعض بنوده تعليمات تتعلق بحماية حقوق وممتلكات المستثمرين وتوسيع الصادرات وميزان المدفوعات والميزان التجاري العراقي.It should be noted that the law in carrying some of its instructions relating to the protection of human and property investors and the expansion of exports, balance of payments and trade balance Iraqi.

http://64.233.179.104/translate_c?h...px%3Fid%3D11766

Originally Posted by CharmedPiper

Since nobody has wooted or wow'd on this yet....must still be sleeping......I will do it myself......WOOOOOT..........WOW WOW WOW...ABOUT TIME!

I'm just catching up here a bit and it looks like a heap of good news has been coming out the last couple of days!

wOOt!!!

Demand for the dollar was down in the Iraqi Central Bank’s daily auction on Sunday, reaching $45.395 million, compared with $54.145 million on Thursday, amid expectation of a new policy to sell dollars.

In its daily statement, the bank said it had covered all bids, which included $8.845 million in cash and $36.550 million in foreign transfers, at an exchange rate of 1,279 dinars per dollar, unchanged from Thursday.

None of the 10 banks that participated in Sunday's auction offered to sell dollars.

Abdul-Razzaq al-Abaiji, an economist, told VOI "the decline in today's demand for the dollar was due to the expectation that a new policy will be adopted by the Central Bank to raise the dollar exchange rate in upcoming sessions."

The Iraqi Central Bank runs a daily auction from Sunday to Thursday.




What is this new policy for auctions?

Wow! Looks like he had the life sucked out of him.
Talabani says he plans to return to Iraq soon - Yahoo! News

Originally Posted by Jola

Where is everybody here?

1. Planes full of dinars are flying to the smaller banks
2. ..."Abdul-Razzaq al-Abaiji, an economist, told VOI "the decline in today's demand for the dollar was due to the expectation that a new policy will be adopted by the Central Bank to raise the dollar exchange rate in upcoming sessions.
3. The CBI updates reassuring the dinar will go up /implement the new policy - which we do not know what will be so far - but I am sure we'll find out tomorrow
4. Trading not happening until tomorrow ( 3/12)

Something is cooking and no one is here????

Shame on ya!!
I am going home too.

Okay, I see the ones that are here!! LOL

I want to jump up and down for joy because this really DOES sound so wonderful, but I'm afraid to hope. I read in different places how the R/V will probably be much lower than 1:1. Others say 1:1 or more. I don't know what to think any more...but this sounds awesome!

In my opinion, why would they revalue the Dinar to still be worthless against the dollar? that would make no sense to me....

anyway....hoping against hope for a strong reval for all of us.

Recent quotes.
Shabibi stated last Thursday:

Pointing out that the bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.

Then we had this yesterday:

Abdul-Razzaq al-Abaiji, an economist, told VOI "the decline in today's demand for the dollar was due to the expectation that a new policy will be adopted by the Central Bank to raise the dollar exchange rate in upcoming sessions."

Followed by Shabibi on the CBI site:

The Central Bank of Iraq will work hard to lower inflation and face its directions and its causes to raise the value of the Iraqi dinar and its interest rate,until such a time when inflation will take its route downwards
which will help the whole economical stability and maintain the general growth of the economics of Iraqi.

Hello everyone. I am missing the updates from Socata 850. He is very appreciated. Thanks