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

I'm just very cautious on timescales, why? Well we know these Iraqis a.) don't hurry about anything and b.) do nothing obvious and in the correct order. Nothing is straight forward to these people! Dates have come and gone with nothing.

Whilst yes it's very possible for them to revalue before the year is out my own feelings are early new year with the 2 biggy's we need. I feel that is why they're holding back on the FIL which we know has been passed, signed etc...

We'll see, not long to wait. Doesn't matter who's right or wrong, it's all personal feelings. Bottom line is we'll all be wealthy from it, and we will be!

Wooooooooooooooooooooooooooooooooooooooooooooooot.

The Committee began its Iraqi-Polish 12th in its Warsaw where he gave Mr. Biotervojinak Minister of the Polish economy speech in which he welcomed the Iraqi delegation headed by Mr. Fawzi Al-Hariri and the Minister of Industry and Minerals.
.And the Media Bureau at the Ministry of Industry and Minerals Minister Polish y Kerr during the meeting the importance of the joint committee between the two parties and witnessed by the relations between the two countries in the development of "substantial" in various fields, stressing "his country's desire to develop relations with Iraq and the need to strengthen the dynamic relations in the economic deal. For his part, Mr. Fawzi Hariri, the importance of the development of relations with Poland in the light of the historical ties between the two countries.
.The two sides will discuss a number of issues, important issues that would contribute to the economy and development of the new Iraq and ways to implement these things.
.He said, the Polish economy during the meeting President Jalal Talabani, the President of the Republic of Poland in New York on the sidelines of the meeting of the United Nations who underlined the need to strengthen and develop relations between the two countries.
.The source said that the opening session was followed by several meetings of the Ministerial Committee of the Commission on financial transactions and trade and Economic Cooperation Committee and the Committee on agricultural cooperation, financial resources and environmental pointing out these committees continue to consider projects proposed by the two sides in the best interests of the two friendly countries
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Originally Posted by Socata 850

Number of banks 8 -----
Auction price selling dinar / US $ 1380 -----
Auction price buying dinar / US $ 1378 -----
Amount sold at auction price (US $) 10.605.000 -----
Amount purchased at Auction price (US $) 10.880.000
Total offers for buying (US $) 10.605.000 -----
Total offers for selling (US $) 10.880.000


Goooooooooooooood Morning RolClub !!


Another 8 points on this auction, but more dinars going back into circulation than were taken out. For the first time in over two months the CBI has put dinars back into circulation from a net standpoint.


1. The dinar to the dollar is down 8 more points today from 1388 to 1380

2. A negative $275,000 (net) worth of dinars, (IQD -379,500,000) out of circulation

3. 8 banks participating.

4. 47th auction since the beginning of CBI's reval plan

5. 80 days into the CBI's reval plan.

6. 2,802,109,587,000 dinars pulled from circulation !!

7. 379,500,000 Dinars back into circulation today !!

8. 97 dinar change since Nov 1st (baseline was 1477) 6.567% increase in value of the dinar since beginning of reval plan.

Just another 6.433% to get to the 13% increase the CBI seems to want We will be there soon - Than what? BIG JUMP It's all good...nice and steady baby
Then you can just let them all have it
Neno's gonna be He not listen to bad man anymore
Nite nite

حكومةIraqi Prime Minister Nuri al-Maliki today with the head of government
اقليم وسائلBarzani of the Kurdistan Najirfan oil bill and means
الكفيلة بادخاله حيز التطبيق.For bringing it into practice.
الكاتب:Writer : non14Non14


القراءات:Readings : 2626
التعليقات:Comments : 00
المشاركات:Participants : 36733673
التسجيل:Registration : الجمعة 22-08-2003Friday, 22-08-2003


وذكراليومThe government statement today that the Al-Maliki received at his office this morning, the official in Baghdad
لنفطThe delegation of the government of the territory of Kurdistan, led by Barzani and discussed the draft law oil
العراقيينThe means of approving the amendment into effect for the benefit of Iraqis
جميعا.All of us.

is noteworthy that the oil project revolves around the transfer of oil revenues to the treasury
الاوضاعYugoslavia, which is distributed to the regions according to population ratios and conditions
.Socio-economic in these governorates.

لاقليمThe previous talks were held between officials of the federal government and the territorial government
.However, they have not yielded conclusive results in this regard.

منThe delegation of the government of Kurdistan agreed with the central government in the previous round of
الىTalks on the allocation of 17% of the State budget in the next year to 2007
يادية.Kurdistan after deducting expenses sovereign.


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Originally Posted by Socata 850

Number of banks 8 -----
Auction price selling dinar / US $ 1380 -----
Auction price buying dinar / US $ 1378 -----
Amount sold at auction price (US $) 10.605.000 -----
Amount purchased at Auction price (US $) 10.880.000
Total offers for buying (US $) 10.605.000 -----
Total offers for selling (US $) 10.880.000


Goooooooooooooood Morning RolClub !!


Another 8 points on this auction, but more dinars going back into circulation than were taken out. For the first time in over two months the CBI has put dinars back into circulation from a net standpoint.


1. The dinar to the dollar is down 8 more points today from 1388 to 1380

2. A negative $275,000 (net) worth of dinars, (IQD -379,500,000) out of circulation

3. 8 banks participating.

4. 47th auction since the beginning of CBI's reval plan

5. 80 days into the CBI's reval plan.

6. 2,802,109,587,000 dinars pulled from circulation !!

7. 379,500,000 Dinars back into circulation today !!

8. 97 dinar change since Nov 1st (baseline was 1477) 6.567% increase in value of the dinar since beginning of reval plan.

Just another 6.433% to get to the 13% increase the CBI seems to want We will be there soon - Than what? BIG JUMP It's all good...nice and steady baby
Then you can just let them all have it
Neno's gonna be He not listen to bad man anymore
Nite nite

Gazette is still offline....hopefully a lot of updating going on.

Originally Posted by Socata 850

Number of banks 8 -----
Auction price selling dinar / US $ 1380 -----
Auction price buying dinar / US $ 1378 -----
Amount sold at auction price (US $) 10.605.000 -----
Amount purchased at Auction price (US $) 10.880.000
Total offers for buying (US $) 10.605.000 -----
Total offers for selling (US $) 10.880.000


Goooooooooooooood Morning RolClub !!


Another 8 points on this auction, but more dinars going back into circulation than were taken out. For the first time in over two months the CBI has put dinars back into circulation from a net standpoint.


1. The dinar to the dollar is down 8 more points today from 1388 to 1380

2. A negative $275,000 (net) worth of dinars, (IQD -379,500,000) out of circulation

3. 8 banks participating.

4. 47th auction since the beginning of CBI's reval plan

5. 80 days into the CBI's reval plan.

6. 2,802,109,587,000 dinars pulled from circulation !!

7. 379,500,000 Dinars back into circulation today !!

8. 97 dinar change since Nov 1st (baseline was 1477) 6.567% increase in value of the dinar since beginning of reval plan.

Hello everyone. Today the CBI is confirming that they have changed their behavior and we have progressed from a "crawl" stage to a "walk" stage. Even though we are walking slowly, we are walking. Even if the gradualist win the dicussion in the end, 2007 will prove to be a very profitable year for us all. Nothing that has happened precludes a bold adjust in the exchnage rate at some time in the near term. So, no one should become disapointed. We all know about the FIL, the HCL, and the increase in oil production that is taking place as we speak. But as so many have commented, the iraqis have their own time schedule and what we want means very little. But, they are making progress, on many fronts. Today's auction just continues to send a signal to the iraqis and the world that their currency is gaining in value. So as we have said before, expect demand to rise, supply is limited, and the exchange rate will continue to rise, an excellent formula for us all. Thank You.

Question!

what is the rate, 1380 or 1378?

Auction price selling dinar / US $ 1380 -----
Auction price buying dinar / US $ 1378

Tuesday, December 19, 2006

1 Iraqi Dinar = 0.0007413 US Dollar
1 US Dollar (USD) = 1348.90 Iraqi Dinar (IQD)

Learn about the new Iraqi Dinar
Median price = 0.0006798 / 0.0007413 (bid/ask)
Minimum price = 0.0006798 / 0.0007413
Maximum price = 0.0006798 / 0.0007413

FXTrade: Online Currency Trading with OANDA FXTrade.


FXConverter - Currency Converter for 164 Currencies164 Currency Converter © 1997-2006 by OANDA.com.

Originally Posted by Wm.Knowles

Hello everyone. Today the CBI is confirming that they have changed their behavior and we have progressed from a "crawl" stage to a "walk" stage. Even though we are walking slowly, we are walking. Even if the gradualist win the dicussion in the end, 2007 will prove to be a very profitable year for us all. Nothing that has happened precludes a bold adjust in the exchnage rate at some time in the near term. So, no one should become disapointed. We all know about the FIL, the HCL, and the increase in oil production that is taking place as we speak. But as so many have commented, the iraqis have their own time schedule and what we want means very little. But, they are making progress, on many fronts. Today's auction just continues to send a signal to the iraqis and the world that their currency is gaining in value. So as we have said before, expect demand to rise, supply is limited, and the exchange rate will continue to rise, an excellent formula for us all. Thank You.

Thanks as ever for your great input. Would you be able to comment on the on the fact that dinars were actually placed back into circulation, which kind of contradicts the recent trend when they were only buying up dinars? Would this kind of move fit in with their strategy or have they reached the end of their target rate or circulation amount? Thanks in advance.