Thread: Iraq/Dinar News up until March 28th 8PM CT.

Originally Posted by Adster

8. ...Finally, the CBI will consider the possibility of a gradual appreciation of the Iraqi dinarif needed, which could have a positive effect on both inflation and the process of dedollarization.


http://www.imf.org/external/pubs/ft/...06/cr06301.pdf

You think Gradual, will be in sizes like 10 to 50 here and there? In order to dedollarize, they need to get to 1:1 or close to do that.

Originally Posted by neno

You think Gradual, will be in sizes like 10 to 50 here and there? In order to dedollarize, they need to get to 1:1 or close to do that.

Lots going on this week for sure, when they seem to get a lot done when they're supposedly on hols. There was an article regarding the HCL and saying the GOI had discussed it on Saturday.

By all accounts and looking at recent facts. We know rate is staying the same until close of business on Sunday. And the hint was there for banks and their people to 'dump' their dollars......

We know the CBI recently stated incorporating a 'new monetary policy'.

Doors about to open via FIL to the ISX.

HCL soon to be passed although it's possible/probable enough of it has been passed to allow contracts and deals to be done.

What else? Security improving.

Nightline programme discussing how prosperous the ports were, ie importing of goods increasing, a good sign for sure of an oncoming reval.

You should all feel extremely confident of a reval very soon. As to the rate, have always been of the opinion over a dollar, and that still stands today.

Caymans anyone????

Originally Posted by Adster

Lots going on this week for sure, when they seem to get a lot done when they're supposedly on hols. There was an article regarding the HCL and saying the GOI had discussed it on Saturday.

I seen that too. Thought they were on Holiday as well when I read about the meeting on Saturday.

By all accounts and looking at recent facts. We know rate is staying the same until close of business on Sunday. And the hint was there for banks and their people to 'dump' their dollars......

There was a post about CBI moving one click tomorrow.

We know the CBI recently stated incorporating a 'new monetary policy'.

Doors about to open via FIL to the ISX.

HCL soon to be passed although it's possible/probable enough of it has been passed to allow contracts and deals to be done.

This is what I agree with.

What else? Security improving.

Depends on which News Media Station you listen too.

Nightline programme discussing how prosperous the ports were, ie importing of goods increasing, a good sign for sure of an oncoming reval.

You should all feel extremely confident of a reval very soon. As to the rate, have always been of the opinion over a dollar, and that still stands today.

Yes and Thank You for all you have done.

Caymans anyone????

BTW, woke up your Caymen Thread. We have grown in membership since it was last posted in.

Baghdad (NINA)- The Central Bank of Iraq CBI has announced adopting the exchange rate of Iraqi Dinar against the US Dollar, settled on last Thursdays auction until March 19. A CBI statement said Saturday that the measure came within the previously adopted measures, aiming at boosting Iraqi Dinar

A FIXED RATE DEFENITION
A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currency's value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. As the reference value rises and falls, so does the currency pegged to it. A currency that uses a fixed exchange rate is known as a fixed currency. The opposite of a fixed exchange rate is a floating exchange rate.

Revaluation means a rise of a price of goods or products. This term is specially used as revaluation of a currency, where it means a rise of currency to the relation with a foreign currency in a fixed exchange rate. In floating exchange rate correct term would be appreciation. The antonyme of revaluation is devaluation.

Source: NINANEWS

National Iraqi News Agency


The programme rate is soon to be history IMO.

Originally Posted by Adster

Lots going on this week for sure, when they seem to get a lot done when they're supposedly on hols. There was an article regarding the HCL and saying the GOI had discussed it on Saturday.

By all accounts and looking at recent facts. We know rate is staying the same until close of business on Sunday. And the hint was there for banks and their people to 'dump' their dollars......

We know the CBI recently stated incorporating a 'new monetary policy'.

Doors about to open via FIL to the ISX.

HCL soon to be passed although it's possible/probable enough of it has been passed to allow contracts and deals to be done.

What else? Security improving.

Nightline programme discussing how prosperous the ports were, ie importing of goods increasing, a good sign for sure of an oncoming reval.

You should all feel extremely confident of a reval very soon. As to the rate, have always been of the opinion over a dollar, and that still stands today.

Caymans anyone????

Will be in San Juan PR on 4-12. Just a short flight!

Originally Posted by DayDream

Voices of Iraq: Iraq-Currency

Tuesday, March 20, 2007 - 05:10 PM

Iraq-Currency
Demand for dollar down in daily auction
By Dergham Mohamed Ali
Baghdad, March 20, (VOI) – Demand for the dollar was down in the Iraqi Central Bank’s daily auction on Tuesday, reaching $56.899 million, compared with $88.015 million on Monday.
In its daily statement, the bank said it had covered all bids, which included $13.265 million in cash and $42.634 million in foreign transfers, at an exchange rate of 1,277 dinars per dollar, unchanged from Thursday.
None of the 12 banks that participated in Tuesday's auction offered to sell dollars.
Ali al-Yasseri, a trader at the auction, told VOI "the decline in today's demand for the dollar was due to expectation that the exchange rate will go down at least one tick tomorrow."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday

HMMMM!!!

Cheers!
DayDream

ok, is it going to change or not? these reporters dont either read the news, or they dont trust what it says, one of the two.

بEconomic conference to traders and investors Iraqis in Babylon

Hilla - file Press

.Systems reconstruction team Babylon province to develop an economic conference reconstruction in the province, in which a large number of businessmen and investors in addition to the Iraqi specialists in the field of economics of the American side.

.It was during the MWIA held at the American Consulate of the South center in the city of Hilla discuss mechanisms of granting bank loans to investors Iraqis and explain the Iraqi investment law and the benefits of Iraq's accession to the World Trade Organization.

وقال ".He said President Hunter Jarls reconstruction team in the American Babylon "that the role played by the economy in the rehabilitation of countries large and important role, which led us to approach economic section in the American embassy in Iraq for the organization of the conference and invited them to meet interested in this area of the Iraqis," pointing out that "an invitation has been extended also to the development agency international Foundation (prosperity), which dealt with the development of the economy in the governorates. "

من ".For his part, Dan and Ekntdin economic counselor at the American embassy that "Babylon province represents an enormous intellectual spread to its long history, it is possible to benefit from this legacy in a lot of investment projects which," while the Alice Abdullah economic official in the embassy to the Iraqi investment law passed by the House of Representatives recently, asserting that "constitutes an important step in the development of the Iraqi economy, especially the approval coincides with the accession of Iraq to the World Trade Organization and return to the embrace of the international community
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So if the rate is suppose to stay the same till the 25th, what do you make of the article that DayDream posted below?

Originally Posted by Adster

Lots going on this week for sure, when they seem to get a lot done when they're supposedly on hols. There was an article regarding the HCL and saying the GOI had discussed it on Saturday.

By all accounts and looking at recent facts. We know rate is staying the same until close of business on Sunday. And the hint was there for banks and their people to 'dump' their dollars......

We know the CBI recently stated incorporating a 'new monetary policy'.

Doors about to open via FIL to the ISX.

HCL soon to be passed although it's possible/probable enough of it has been passed to allow contracts and deals to be done.

What else? Security improving.

Nightline programme discussing how prosperous the ports were, ie importing of goods increasing, a good sign for sure of an oncoming reval.

You should all feel extremely confident of a reval very soon. As to the rate, have always been of the opinion over a dollar, and that still stands today.

Caymans anyone????

Originally Posted by DayDream

Voices of Iraq: Iraq-Currency

Tuesday, March 20, 2007 - 05:10 PM

Iraq-Currency
Demand for dollar down in daily auction
By Dergham Mohamed Ali
Baghdad, March 20, (VOI) – Demand for the dollar was down in the Iraqi Central Bank’s daily auction on Tuesday, reaching $56.899 million, compared with $88.015 million on Monday.
In its daily statement, the bank said it had covered all bids, which included $13.265 million in cash and $42.634 million in foreign transfers, at an exchange rate of 1,277 dinars per dollar, unchanged from Thursday.
None of the 12 banks that participated in Tuesday's auction offered to sell dollars.
Ali al-Yasseri, a trader at the auction, told VOI "the decline in today's demand for the dollar was due to expectation that the exchange rate will go down at least one tick tomorrow."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday

HMMMM!!!

Cheers!
DayDream

Originally Posted by stargate-sg13

So if the rate is suppose to stay the same till the 25th, what do you make of the article that DayDream posted below?

yes, that is very underhanded those sneaky petes, lol here's another one stating basically the same thing as Daydream's

Dealers attributed the auction Central Bank reason Bankhad expectations of a decline to the exchange rate tomorrow by a point, therefore, some preferred to postpone the automatic disservice to the dollar tomorrow, Wednesday
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The prosperity and freedom participate in the interactive meeting With the elites and decision-makers in Karbala

Professor Ahmed Nasrallah representative of the welfare and freedom in its dialogue with the elites and decision makers to the city of Karbala filed by the organization for the rehabilitation of Iraqi society and the environment under the title (of services and their impact on the conflict), which has been discussing the situation service and economic conditions in the governorate and ways to address them. Participated in the meeting, the President of the city of Karbala, members of the Council and the clergy and representatives of the political trends, traders and industrialists and elite of the city.
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Cheers!
DayDream