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

Originally Posted by kiko

WWWEEEAAHHHH!!

Negotiations are the last step to officially join WTO and can be done as quickly WTO want.

I think they first have to enact the laws and make an international strong currency.

Meanwhile, the country is hoping a recently approved investment law will attract much-needed private sector investment.

theres that sneaky little fil rearing its head again FINALLY.

earlier tonite i was thinkin about that troop from utah that went over to iraq this last summer. they were the ones that originally distributed the dinar when it was released back in 2003 and they said in the article that they were going back to promote the dinar. the article stated that they would be deployed to iraq after training in about 8 months. that article came out 8 months ago.

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Private Banks in Iraq; broken hopes because of the security situation | Iraq Updates

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Perhaps an amendment to the dollar exchange rate / dinars useful in determining spending in the next budget, as has been said, but this adjustment in the exchange rate did not come as a result of economic recovery and address the gaps suffered by the Iraqi economy, but came through the auction, the official, without the factors of the market economy, where any income.

Does this concern anyone that this could mean they are going to reissue the currency?
It just seems odd the pictures are gone on the CBI site and not the denominations. In the big picture it doesn't make sense but then again this is Iraq. Any insights would be appreciated.

what's the matter with this site? nobody talking?

Originally Posted by michael16

Does this concern anyone that this could mean they are going to reissue the currency?
It just seems odd the pictures are gone on the CBI site and not the denominations. In the big picture it doesn't make sense but then again this is Iraq. Any insights would be appreciated.

No reissue. But they will issue lower denom's.

2shoes

Originally Posted by kiko

When I go to CBI i get the message:

OOPS, for the people that didn't buy dinars!

DANG IT KIKO!!!

JUST ABOUT SPIT COFFEE ALL OVER MY COMPUTER ON THAT ONE!!


OK IRAQ NEEDS TO ATTEND A "WORKSHOP" WITH THE WTO FOR THE NEXT STEP IN THE PROCESS. LOOKING FOR A DATE ON THIS WORKSHOP. AFTER THEY DO THE WORKSHOP IT WILL NOT BE LONG FOR THEM TO BECOME MEMBER. THE WORKSHOP IS SOME TIME IN EARLY 2007.

AWESOME THAT BOTH WARKA AND CBI IS DOWN. HAS ANYBODY CHECKED THE OTHER BANKS WEBSITES TO SEE IF THEY ARE DOWN TOO?

has there been any word of the PM press conference about the reval we heard that was going to take place?

The pictures of the notes and coins are up at the CBI site...and the line missing in the menu yesterday (Iraqi currency) is back...

Originally Posted by Hkp

Clicked on CBI link in RolClub site and this is what came up.

Announcement No.(840)

D.G. of Foreign Exchange Control

The 840 daily currency auction was held in the Central Bank of Iraq day Thursday 2007/ 1/11so the results were as follows :

Details Notes
Number of banks 10 -----
Auction price selling dinar / US $ 1315 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 56.840.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 56.840.000 -----
Total offers for selling (US $) ----- -----

Hello everyone. The last auction of the week with a very large amount of dinar removed from the economy. If my math is correct, around 110 Million USD translating to a big bunch of dinar for this week. No dinar placed back into the economy. A continuing theme which I am sorry if it sounds like a broken record. By now, everyone knows the importance of this so I'll not elaborate. The more they take out, the better eventually for us. And as we have said before, this can't continue for ever. For all of the previously stated reasons. So we'll see what the weekend holds, and I think we will continue to see amounts taken out until they reach their target amount which has to be close at hand.There is no way we can know that number, we are only along for the ride. But the CBI apparently is implementing a plan which will result in less supply and an increase in demand. Everyone have a good weekend. Thank You.