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

Raditz,
Sorry .... thanks for reply instructions.
Happy New year 2007.
Ahill

Originally Posted by kaz

The ISX is currently finalizing its working procedures preparing for next years trading session and will resume its trading activities on the 8th January 2007.

Very interesting!

Yes VERY interesting.... especially since that is about 13 days away. That is a mighty long time for just "working procedures for next year"..... I wonder what procedures they are working on?

Originally Posted by wherbie

I dont know......3.22 seems way to high to me, oh its a nice number no doubt,

I cant see it the same as Kuaite...everything in Kuaite is so much nicer...

and running smother...too much strife in Iraq now, and for the next couple of years, as Iran and its Syrian dogs will try to take over Iraq...

The corrupt Sunni's are running the Baghdad Police dept....in a city of 3 M people

and the corrupt Shities are running the Army....not to mention 60 corrupt public officials who have been kicked out of the general assembly....

oh and about 10 Billion USD stolen by corrupt officials....

that is without even mentioning Al Dwaria ...whats his face...the rag head with the beard....


but 1: 1 Might be entertained......in about a year...to me thats believeable

That is what I also am trying to say.

Start on a rate between $1.30/$1.50 range. Perfect to tackle a hell of a lot problems.

I expect the $3.22 rate nearing 2010 when they planned to produce full oil production (read about 8 mbpd) and join GCC. Joining GCC they also need an equal rate like kuwait.

After a reasonable start, I think the exchange rate will increase with the increasing oil production.

Originally Posted by Pippyman

Yes VERY interesting.... especially since that is about 13 days away. That is a mighty long time for just "working procedures for next year"..... I wonder what procedures they are working on?

January 8th is 19 days away. An extra, mighty long time.

Announcement No.(830)

D.G. of Foreign Exchange Control

The 830 daily currency auction was held in the Central Bank of Iraq day Wednesday 2006 / 12/ 20 so the results were as follows :

Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1373 -----
Auction price buying dinar / US $ 1371 -----
Amount sold at auction price (US $) 22.230.000 -----
Amount purchased at Auction price (US $) 2.500.000
Total offers for buying (US $) 22.230.000 -----
Total offers for selling (US $) 2.500.000 -----





D.G. of Investments

Daily price Bulletin buying and selling Wednesday 2006/12/20

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1380.000
1378.000

European Euro
EUR
1820.772
1819.862

Sterling Pound
GBP
2713.908
2712.551

Canadian Dollar
CAD
1194.082
1193.484

Swiss Frank
CHF
1136.644
1136.076

Sweetish Krone
SEK
202.059
201.958

Norwegian Krone
NOK
223.518
223.406

Denmark Krone
DKK
244.321
244.199

Japanese Yen
JPY
11.702
11.696


The above price represent reference rate and does not from any commitment on the Central Bank of Iraq.

Originally Posted by day dreamer

Announcement No.(830)

D.G. of Foreign Exchange Control

The 830 daily currency auction was held in the Central Bank of Iraq day Wednesday 2006 / 12/ 20 so the results were as follows :

Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1373 -----
Auction price buying dinar / US $ 1371 -----
Amount sold at auction price (US $) 22.230.000 -----
Amount purchased at Auction price (US $) 2.500.000
Total offers for buying (US $) 22.230.000 -----
Total offers for selling (US $) 2.500.000 -----





D.G. of Investments

Daily price Bulletin buying and selling Wednesday 2006/12/20

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1380.000
1378.000

European Euro
EUR
1820.772
1819.862

Sterling Pound
GBP
2713.908
2712.551

Canadian Dollar
CAD
1194.082
1193.484

Swiss Frank
CHF
1136.644
1136.076

Sweetish Krone
SEK
202.059
201.958

Norwegian Krone
NOK
223.518
223.406

Denmark Krone
DKK
244.321
244.199

Japanese Yen
JPY
11.702
11.696


The above price represent reference rate and does not from any commitment on the Central Bank of Iraq.

THANKS DD< GOOD NIGHT ALL!!!!

Hey better 7 less dinars than 2 or 3. Keep the faith! The larger ones are on the horizon!

[QUOTE=day dreamer;151700]Announcement No.(830)

D.G. of Foreign Exchange Control

The 830 daily currency auction was held in the Central Bank of Iraq day Wednesday 2006 / 12/ 20 so the results were as follows :

Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1373 -----
Auction price buying dinar / US $ 1371 -----
Amount sold at auction price (US $) 22.230.000 -----
Amount purchased at Auction price (US $) 2.500.000
Total offers for buying (US $) 22.230.000 -----
Total offers for selling (US $) 2.500.000 -----

Man I don't understand all this, they seem to be going the opposite direction,
These last 2 auctions they have sold over 30 million dinars.
I wish i understood it all, I hope it has to do with lower denoms
Maybe wmknowles or somebody can help explain!!!

The foreign debt of Iraq one of the files that have complex effects on the Iraqi economy and the rehabilitation of the infrastructure in Iraq.

.Hitting the debt of Iraq to 300 billion dollars according to official source from the Iraqi government, where they are paying this debt since 1996 by 25% of the imports of Iraqi oil, in particular losses States during the invasion of Kuwait in 1991 by the Baathist regime.

.According to the government source that the large percentage of the shots of the State of Kuwait, where they are paid $ 200 million every year since 2004 and the debts of Kuwait 86 billion dollars.

وقال.The source said that the committee supervising the compensation affected States in the war, the invasion of Kuwait, consisting of the UN Security Council decided to grant 123 billion dollars as compensations to the people, but there are about one and a half million people from 96 nations who claim they were affected.

.The source said he had been reimbursed 4.21 billion dollars to those affected, and the largest share of Kuwait, followed by Egypt and Hendstan, is supposed to pay $ 30 billion during the coming period of the affected States. The source expected that the Commission would not be left to the compensation only to a small office.

ئد.In this connection, Professor at the University of Salahuddin, "Nasrallah Chikhani" that the foreign debt of Iraq up to 180 billion dollars, and that a large proportion of these debts due to the invasion of Kuwait by the Baathist regime.

.He added : after the liberation of Iraq in 2003 tried to the United States and other countries concerned in to extinguish this debt on Iraq, and the attempts of these positive results, but demanded that some countries to cancel the debt of Iraq, as demanded by some States to invest in Iraq in return for extinguishing debt.

.Dr Mohammad Rauf professor at the University of Sulaymaniyah, a specialist in the field of economics, pointed out that Iraq's debts are mostly debt offices and not in the form of an agreement, and that the debt comes Drov in particular, where over Iraq during the 20 years after the last war.

.He added that the majority of the debt related to the Iraqi-Iranian war and the invasion of Kuwait, it is understood that at the end of the war between Iraq and Iran on Iraq debt was 125 billion dollars, 25 billion dollars of non-State companies.

ق.It is noteworthy that some States had crossed all Doinha on Iraq and some crossed the 80% of the debt of Iraq.



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Number of banks 9 -----
Auction price selling dinar / US $ 1373 -----
Auction price buying dinar / US $ 1371 -----
Amount sold at auction price (US $) 22.230.000 -----
Amount purchased at Auction price (US $) 2.500.000
Total offers for buying (US $) 22.230.000 -----
Total offers for selling (US $) 2.500.000