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

Originally Posted by Treater

so roughly if this kept up at this rate for a while heres how it might look like over time, if the don't RV it before.

12/06 1430
01/07 1400
02/07 1370
03/07 1340
04/07 1310
05/07 1280
06/07 1250
07/07 1230
08/07 1200
09/07 1170
10/07 1140
11/07 1110
12/07 0980
01/08 0950

my question is, what is the point of a post like this??? IF they dont revalue?? are you reading all these articles from iraq?? the same ones im reading???

Originally Posted by shotgunsusie

My question is, what is the point of a post like this??? IF they dont revalue?? Are you reading all these articles from Iraq? The same ones I'm reading???

Not only is it happening, but this will also gain MOMENTUM as well. Watch & see. It's all downhill from here Baby...

Originally Posted by Dinar Duchess

There is still ebay of course, if you dont mind spending a bit more although there arn't too many sellers on there now......

beware of dinar sales on ebay since thats where the stolen dinar will be sold off.

Here you go... http://www.nbk.com/NBK/TopBar/Rates/rates.htm (My Bananas are doin' "The Baghdad Boogie...)

Given all the news of dinar drying up, value increasing, are we still expecting a reval before Christmas....I am just asking for guesstimations.....

Originally Posted by CharmedPiper

Given all the news of dinar drying up, value increasing, are we still expecting a reval before Christmas....I am just asking for guesstimations.....

yes piper, its going to make the big jump after they have the iamb meeting and sba review. hang in there its almost time!!!!

الإيرانيينIraqi traders enter into economic agreements with their counterparts Iranians
من عصام طارقEssam of Gibraltar
ßÑßæß- ÅíÑÇä- ÊÌÇÑÉ :: Aswat al Iraq :: Aswat al Iraq

الحدث الاقتصادي : البنك المركزي ومجابهة الحالة التضخمية (2-2)The economic event : the Central Bank and counter inflationary situation (2 - 2)
ÌÑíÏÉ ÇáãÏì - ÇáÈäß ÇáãÑßÒí æãÌÇÈåÉ ÇáÍÇáÉ ÇáÊÖÎãí&#201 ; (2-2)

Iraq is moving at the present time to support the Iraqi dinar
ÌÑíÏÉ ÇáÚÏÇáÉ ÇáÚÑÇÞí&#201 ; - ÇáÚÑÇÞ íÊÌå Ýí ÇáæÞÊ ÇáÍÇÖÑ Çáì ÏÚã ÇáÏíäÇÑ ÇáÚÑÇÞí

Anyone seen anything about the oil law going before parliament? The article was yesterday, I'd take a guess by the end of next week to be passed. Then Tali has to sign it off......

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The distribution of salaries of social welfare in Muthanna

The Social Welfare Department of the Ministry of Labor and Social Affairs in the province of Muthanna coverage of 19 thousand and 200 family of the salaries of social protection in the network while it continues to receive requests for the citizens through the municipal councils to put in place a mechanism for the distribution of its services according to population density in collaboration with Majdal o maintain range amounts provided to families depending on the number of family and the difficulty of their material.

Originally Posted by Mike5200

Quote:
The dropping of the dollar caused by the low interest rates

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05 December 2006 (Iraq Directory)
An Iraqi economic expert attributed the recent decline in the value of the dollar against the Iraqi dinar to the lowe interest rate. Dr. Taha Fakhri, member of the Iraqi Institute for developing the economy, said: "The decline in interest rates is the reason behind the slight decline in the dollar in governmental auctions and commercial transactions". He added: "This decline is also caused by the weak consumers demand on imported goods due to the deteriorating security situation, which compelled the State to finance some important deals".He pointed out that: "The slight rise or decline of the dollar does not obstruct the growth or value of the dinar which is expected to become stronger than before with the introduction of the balance of 2007 and the strategic application of the new monetary policy announced by the government last year". What the fack does this mean??? We have seen this numerous times now!!!

He explained: "The decline will be reflected on the value of the precious metals whose prices will rise as a result of the fall in the dollar, which gives an opportunity for those who hold commercial transactions, such as automobiles and heavy equipment, to invest them". Fakhri said: in some cases the decline in the dollar rate is linked to America itself through the entry of imported goods and the exit of funds from it.

__________________


I'm just guessing here, but it could be a translation problem and possibly should read "in this last year" instead of "last year" meaning they are talking about the announcments of 2006

"Weak consumers demand for imported goods". No wonder, their money is still worthless. They have no purchasing power. The one thing this post tells me is that they are tracking the sale of imported goods and KNOW that the people have no purchasing power and lets hope they want to do something about it soon. Thank You.