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

Announcement No.(838)

D.G. of Foreign Exchange Control

The 838 daily currency auction was held in the Central Bank of Iraq day Tuesday 2007/ 1/9 so the results were as follows :

Details Notes
Number of banks 11 -----
Auction price selling dinar / US $ 1318 -----
Auction price buying dinar / US $ 1316 -----
Amount sold at auction price (US $) 14.245.000 -----
Amount purchased at Auction price (US $) 3.055.000
Total offers for buying (US $) 14.245.000 -----
Total offers for selling (US $) 3.055.000 -----





D.G. of Investments

Daily price Bulletin buying and selling Tuesday 2007/1/9

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1320.000
1318.000

European Euro
EUR
1719.036
1718.176

British Pound
GBP
2558.820
2557.541

Canadian Dollar
CAD
1120.829
1120.268

Swiss Franc
CHF
1068.220
1067.686

Swedish Krona
SEK
188.647
188.553

Norwegian Kroner
NOK
207.573
207.469

Danish Krone
DKK
230.741
230.626

Japanese Yen
JPY
11.140
11.135


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

(sorry but i like the bottom listed too. )


1. The sale price of remittances dinars (1316) / $. 2. The sale price cash dinars (1329) / $. 3. The cash purchase price (1327) dinars / $. 2-quantity sold in cash "in the amount of $ (5.095.000) and the amount of remittances (9.150.000) dollars.

Originally Posted by Pippyman

Announcement No.(838)

D.G. of Foreign Exchange Control

The 838 daily currency auction was held in the Central Bank of Iraq day Tuesday 2007/ 1/9 so the results were as follows :

Details Notes
Number of banks 11 -----
Auction price selling dinar / US $ 1318 -----
Auction price buying dinar / US $ 1316 -----
Amount sold at auction price (US $) 14.245.000 -----
Amount purchased at Auction price (US $) 3.055.000
Total offers for buying (US $) 14.245.000 -----
Total offers for selling (US $) 3.055.000

2 points!

Hmmm, after reading the article of Susie and what we know about HCL I think they are waiting so set the real exchange rate.

Think we are gonna see this going on until laws are enacted.

09 Jan 2007 13:15:00
Parliament

Parliament session
Baghdad (NINA)- The Iraqi Parliament resumed its 59th open session Tuesday morning. The session’s agenda includes a statement by the parliament chairmanship, members’ statements and the first reading of the bill of the federal budget. Tuesday session hosts the minister of finance Baqir Solagh to
>> More >>

NINA & National Iraq News Agency

Originally Posted by kiko

2 points!

Hmmm, after reading the article of Susie and what we know about HCL I think they are waiting so set the real exchange rate.

Think we are gonna see this going on until laws are enacted.

wasnt that the mention of the infamous 15th???

Originally Posted by shotgunsusie

wasnt that the mention of the infamous 15th???

Let's hope it Susie! I feel a big party real close!

Number of banks 11 -----
Auction price selling dinar / US $ 1318 -----
Auction price buying dinar / US $ 1316 -----
Amount sold at auction price (US $) 14.245.000 -----
Amount purchased at Auction price (US $) 3.055.000
Total offers for buying (US $) 14.245.000 -----
Total offers for selling (US $) 3.055.000 -----


Goooooooooooooooood Morning RolClub


2 point change today.

1. 2 point change in the dinar today. Was 1320, now 1318

2. A $11,190,000 (net) worth of dinars, (IQD - 14,748,420,000) out of circulation

3. 11 banks participating.

4. 57th auction since the beginning of CBI's reval plan

5. 101 days into the CBI's reval plan.

6. 2,903,885,422,000 dinars pulled from circulation !!

7. 4,020,380,000 Dinars back into circulation today !!

8. 159 dinar change since Nov 1st (baseline was 1477) 10.765% increase in value of the dinar since beginning of reval plan.

9. 7 point reduction in the rate so far this week. Was at 1325 at the end of last week, 1318 this week.

10. 7 point drop so far in the month of Jan. Ended at 1325 in Dec, now stands at 1318

Parliament
Baghdad - (Voices of Iraq)

The Iraqi parliament resumed today, Tuesday, in its regular legislative session after two quorum, the presence of the President of the Council, Dr. Mahmoud Almshahadani and a number of members. Today's meeting was devoted to the first reading of the draft law on the federal budget for 2007.

The meetings of the Council had been postponed more than once in the last month due to lack of quorum (more than half the members of 275 members), which forced the Council to hold consultative meetings.

As the meetings had stopped in the past few days because of holiday Eid Al-Adha holiday and travel many members to perform the Hajj.

ÇáÈÑáãÇä - ÌáÓÉ :: Aswat al Iraq :: Aswat al Iraq


Bring us some good news today!

Originally Posted by shotgunsusie
Saleh pointed out that the (95)% of the income of public budget depends on oil revenues, as a basic resource for the country. He pointed out that the future will be encouraging the conditions for lifting the value of the dinar against the dollar, but could not determine the rate of exchange to proceed only after the real budget

hmmmm what happened to the 1260?

4-100 thousand small project during 2007 for the unemployed.

7 - The Finance Ministry confirms the application of the new salary scales this month.

4-Iraq wins the prize (I.F.R) financial world.

7-Iraq stopped exporting oil from Basra middle of the month.

5-near the announcement of the federal oil in Iraq.

5-president of the government of the Kurdistan : We are committed to the implementation of Article 140 of the permanent constitution on schedule.

8-Minister of Electricity : provide electricity to Iraq in 2009.

10-building on the policy of the Ministry of Finance. The exchange rate of the dinar would arrive at 1260 per dollar.

4-Oil confirm bridge the country's liquid gas within three months.

2-Financial announces appointment directly to the staff contracts in the departments and government institutions.

Iraqi Presidency

Originally Posted by rvalreadydang

Originally Posted by shotgunsusie
Saleh pointed out that the (95)% of the income of public budget depends on oil revenues, as a basic resource for the country. He pointed out that the future will be encouraging the conditions for lifting the value of the dinar against the dollar, but could not determine the rate of exchange to proceed only after the real budget

hmmmm what happened to the 1260?

My thoughts too!

Maybe they hold this to the media for playground so that they can move between the current rate of 1318 and 1260, depending on delays etc, before they are gonna set the real rate!

I don't see the rate dropping to 1000:1 on the 15th, which I hoped for!

We never know!