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

Hey Bubba D. That's right, did the math. It works... LOL...


Rocky

Originally Posted by neno

PLease Post In The Proper Threads. After This They will just be deleted. Tierd of Moving Them. Thanks

Please..Please...Please...There three times.

Originally Posted by readytogo

Hey Susie, I missed the post about it being on the radio. Could you help me out on this? This is exciting!

sorry, my bad, it wasnt from radionawa which i thought but it is NINA & National Iraq News Agency
nina news, and thats NATIONAL IRAQ NEWS AGENCY. cant get much more official than that for news now can ya?

Originally Posted by DayDream

Just a question? Are we looking at this right in light of it saying "of the dollar"? Thats confusing me a little. Shouldn't it say "of the dinar"?

Cheers!
DayDream

no, because they base their exchange rate by the auction price of the DOLLAR. it is sold for dinar, hence the price of the sale of the dollar to be more specific.

Originally Posted by shotgunsusie

sorry, my bad, it wasnt from radionawa which i thought but it is NINA & National Iraq News Agency
nina news, and thats NATIONAL IRAQ NEWS AGENCY. cant get much more official than that for news now can ya?

SGS- when you click the link to nina in your post they have a picture of a 10K Dinar note- whats the accompaning story about?

Thanks
Mike

Originally Posted by Bubba Dinar

2.53 x 1.505 x .5 x .75 = $1.428

where do you get the .5 part? it said 75% of the real rate which is:
2.53SDR x 1.50578USD = 3.80962USD x .75 = 2.85721USD

24 Dec 2006 16:21:00
currency
ID exchange rate keeps hiking
Baghdad (NINA) -The Iraqi Dinar exchange rate kept hiking against US dollar in the Central Bank of Iraq's auction Sunday. The US Dollar exchange rate was 1352 Iraqi dinars on Sunday, whereas it was 1360 Iraqi Dinars last Thursday. The CBI sold 11,635,000 US Dollars Sunday, whereas it sold only 1,250
>> More >>


This is all I can get when translated to English

Originally Posted by Mike5200

SGS- when you click the link to nina in your post they have a picture of a 10K Dinar note- whats the accompaning story about?

Thanks
Mike

Originally Posted by rvalreadydang

The dinar will continue to rise against the dollar

بغداد- المواطنBaghdad-Citizen
الدينارThe price of the dinar has risen against the dollar in an auction yesterday, Monday, the Central Bank. The sale price of the dollar in an auction Monday, which is Elsa hoses and the twentieth consecutive year in which he records the rise in the value of the dinar dinars in 1345 after it was 1352 dinars to the dollar on Sunday. The quantity sold rose significantly from the dollar to reach 16 million and 450 thousand dollars, after they had 11 million and 635 thousand dollars. The Central Bank bought two million and 900 thousand dollars at 1343 dinars to the dollar. The number of banks participating in the auction today of six banks after the nine banks Sunday. He said the Iraqi Central Bank that the reasons for the rise in the value of the Iraqi dinar against the dollar due to the stability in the auction sale of hard currency that would be built by the bank on a regular basis without a rate of the real exchange rate. The head of the Research and Statistics, Dr. Mohamed Saleh appearance "that the rise in the official rate of the dollar to its real absorbed a large part of inflation in Iraq, which represents 30%." He added that "the rate of 75% of the real exchange rate of the dollar to improve, and is of tradable goods, such as oil revenues, which represents the first and only in Iraq, noting that" the oldest bank to increase the rate of flow of the International Monetary deposits greater than for the control of inflation and improving the value of the dinar
جريدة المواطن العراقية

it was posted here earlier. it is the same story on almowaten as nina. fluke it is not.

Originally Posted by shotgunsusie

where do you get the .5 part? it said 75% of the real rate which is:
2.53SDR x 1.50578USD = 3.80962USD x .75 = 2.85721USD

WWWHHHEEEEEE!!!!
I like your math MUCH, MUCH, MUCH BETTER!!

ok, now we got that out of the way or at least partially. WHEN is the next hurdle.