Thread: Iraq/Dinar News. 09/05 to 01/14/07

Because of the Iraqi banks have not participating into the competitive bids of T/B auction No. (48) held on 13th Nov . 2006 Accordingly MOF decided to cancel the a/m auction.

Hassan AL- Haidary

D.G of Agreement & Loans 15 / 11 / 2006

Announcement

MOF provided CBI with the schedules of Iraqi Government Treasury Bill Auctions detailed hereunder to be held for (91) days up to 31/12/2006 .





Announcement Number(47)

The Ministry of Finance is authorized under the Public Debt Law to issue obligations guaranteed by the Government of Iraq. The Central Bank of Iraq, as fiscal agent of the Ministry of Finance, is authorized to conduct auctions for Government Debt Securities on behalf of the Ministry of Finance. The Ministry of Finance issues Government Debt Securities to finance the Government of Iraq, subject to the limits of the Annual Budget Law.

To achieve this financing objective, the Ministry of Finance determined a system and mechanism for Government Debt Securities auctions that will be held periodically, with the results announced at [twelve p.m] in the morning after the close of the auction at [one p.m]

Auction Number 47 of Government Debt Securities was a uniform price auction for ID 100.000.000.000 par value of Bills which concluded on 30-10-06. Total Public ID 101.000.000.000 Valid competitive bids totaled ID 100.000.000.000 and valid non competitive bids totaled ID 1.000.000.000 and the cutoff yield( the highest yield of a successful bidder) determined by auction was 9.00%.

Auction Financial

Originally Posted by ourhouse37

I'd like to hear some opionions from our "old hands", Adam? Mike? William?

Buy pointing out the loosers and GAINERS will be perhaps this will prompt even more of the people who are making transactions of ANY kind in Dollars, to be dissuaded from doing so. This should help to pull even more Dinar back into the banks, into savings accounts, and persuading the politicians to get paid in Dinar also.

1441 NID = 1 USD

PREVIOUS RATES
11/22/06 - 1444
11/21/06 - 1446
11/20/06 - 1449
11/19/06 - 1452
11/16/06 - 1454
11/15/06 - 1455
11/14/06 - 1460
11/09/06 - 1465
11/08/06 - 1466
11/07/06 - 1468
11/02/06 - 1470

Exchange Rates

Rates

this site has been updated. where they get the updated price?? and remember this is kuwait!

Over at IIF, Dinartime did an interesting comparison of the IQD and the Kuwait dinar.

Kuwait

I dont see why not, people take my stuff over to IIF without a mention of my efforts

Originally Posted by $onedaysoon$

I dont see why not, people take my stuff over to IIF

I added to my post...but here it is if you missed it.

Kuwait

I'm looking at this as moving the decimal over 3 which brings in the rate of Kuwait dinar..Am I seeing this correctly?

AlwaysDreaming Quote:
Originally Posted by $onedaysoon$
I dont see why not, people take my stuff over to IIF


I added to my post...but here it is if you missed it.

Kuwait

AlwaysDreaming, very interesting scenario. The first ever comparison I have seen between Kuwait and Iraq currencies. All that I have read on these forums is you cann't compare between the two countries, but what you have here sure shoots that out the window. I like.

Originally Posted by Dinar Madness

AlwaysDreaming, very interesting scenario. The first ever comparison I have seen between Kuwait and Iraq currencies. All that I have read on these forums is you cann't compare between the two countries, but what you have here sure shoots that out the window. I like.

maybe I'm the slow one here, but I don't get it. It almost looks like the L word, can someone break this down in redneck terms?

jsfletcher Quote:
maybe I'm the slow one here, but I don't get it. It almost looks like the L word, can someone break this down in redneck terms?

The way I see it is they are moving the decimal point over 3 places. Which is making our dreams come true.