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

The Iraqi Central Bank denied rumors on its quest to determine the rate of the American dollar against the Iraqi dinar value of one thousand dinars. Dr. Madhhar Mohammad Saleh, Head of Research and Statistics in the Central Bank, said in a meeting with reporters and Iraqi economists last Sunday: that the issue of determining the exchange rate of the dollar against the Iraqi dinar is not possible, now, for two reasons: first, the reserve capacity of the bank is not absolute, and second is the factor of the price increase.

He added: observing the general trends point to higher prices in return for a lack of improvement, which makes the dollar reduction to this value impossible at the present time, in addition to the limited financial capabilities of the Bank.
He explained: that the significant decline in the dollar, directly after the fall of the previous regime, was caused by the flow of billions of dollars to Iraq and distributing them among employees as well as opening exchange and restrictions. He pointed out: that at the present time and because of the deterioration of security and the high rate of inflation, the devaluation of the dollar is not expected at all.

Source: Iraq Directory






LawkSalih.Com - CBI denies reducing the rate of the dollar against the dinar

heres somnething to put a smile on a few of your faces! Noori Al Malacki is being played by Mr. Spacely from the jetsons in his new upcoming movie!

Here you go........

NOTE: Iraq began appreciating the dinar AS SUGGESTED BY THE IMF.

Originally Posted by Vipor

It wouldn't make a difference to the CBI. If I go to Chase to buy more, the dinar is simply changing from Chase's hands into my hands. If you go buy from Ebay, the dinar is simply changing from the dealer's hands into your hands. This will not affect the CBI. They are still liable for making good on the value of that dinar.

The only way the CBI would be affected is if they begin putting more dinar in circulation rather than taking out of circulation. In that case, they would be increasing their liability.

EEXCELLENT EXPLANATION! AND....BTW: WOOT!!!

azzaman
try to see that page in arabic that has the article. its not there. why not? the day before is there. where is todays arabic version? i dont trust their translation.

Azzaman in English

that one is through a translation that is different and doesnt mention the usd equivalent. i say its a translation thats screwed up or a reporter taking liberties.

Originally Posted by PaulieThaGreat

heres somnething to put a smile on a few of your faces! Noori Al Malacki is being played by Mr. Spacely from the jetsons in his new upcoming movie!

I liked the one that said Condelisa (SP) Rice being played by Snoop Dog.

Originally Posted by shotgunsusie

that one is through a translation that is different and doesnt mention the usd equivalent. i say its a translation thats screwed up or a reporter taking liberties.

or....... a reporter that may know something and is covering his tracks???? lol

Originally Posted by whatever

Well, currently 10,000 IQD is worth @ $6.60 USD. I guess you could start a phone company with some dixie cups and string with that?

notice the coinkidink? wasnt the article 6,600? hmmm...

Originally Posted by MrsCK

OK JUST STOPPED BY TO SEE WHAT WAS UP

WELLLLLLLLLLLLLLLLLLLLLLLL
DID YA'LL MISS ME AND WAITING FOR A :

FARMMMMMMMMMMMM
JIGGGGGGGGGGGGGG



MIKE AWESOME FIND!!!!!!!!!!!

you know it would make things alot easier on neno if people actually followed the rules that he KEEPS repeating, so why do people continue to post crap like this and the jetsons pun etc, and then say "sorry neno"....you obviously aren't sorry when you keep posting it (the stupid stuff) over and over again. instead of saying you're sorry you should say " neno, i'm intentionally slapping you in the face" because that is what you are doing with the double talk....."sorry, but im gonna do it anyway"

Don't want to rain on anybodies parade, but I'm afraid Susie is right.
Most European countries writte the numbers differently from how you do it in the US. Where you put a comma, it's a dot. And vice-versa. So 6,600 in European notation would be 6.600 in US. I've seen the Iraqis use the European notation several times. So probably this number is just a mistake and doesn't mean anything - though I really wish it would. I'd sure be very happy with .66!