Thread: Rates, Dates, & Fates.

Originally Posted by Lunar

No pics available of the 14 denominations but there is this article....I'll continue looking for a pic.



Episode 6 Synopsis: The Financial Sector and Money Markets
Airdate: August 6, 2005
Economic Files does
not necessarily reflect
the views of CIPE


Economic
Files
www.cipe.org/iraq

The program discussed the financial sector and money markets in
Iraq, with a special focus on the role of the Central Bank of Iraq.
The program addressed the following topics:

• Regulation and stocking of Iraqi currency
• Monitoring of credits according to the general monetary
policies of the government.
• Fixing the rate of the Iraqi Dinar and fighting inflation
• Partnership opportunities between local and international
private banks
The three guests from the Central Bank discussed the bank’s
plan to enhance the Iraqi banking sector and financial markets
throughout 2006. They highlighted a series of steps that have
already been taken, including:
• Establishing the Central Bank’s independence from the
Ministry of Finance
• Training 70% of the bank’s staff on international best
practices

• Printing a series of 14 new Iraqi Dinar notes and coins

However, guests on the show representing private banks and the
private sector, as well as average Iraqis interviewed on the street,
voiced the following concerns about the policies of the Central
Bank:
• There is only one financial market within Iraq, the Iraq Stock
Exchange, which is dominated by a few key players.
• The procedures for participating in the Iraq Stock Exchange
are very cumbersome. For example, it takes 45 days for a
certificate to be issued to a new stockholder.
• Private banks require support from the Central Bank to
obtain training for their staff in areas such as information
technology, international best practices, and English.
• Checks issued by private banks are not accepted by state and
government entities.

http://www.cipe.org/regional/mena/ir...nopsis_ep6.pdf

Keep looking....you're a good researcher, they might have missed one pic somewhere right?.....

BTW today was my guess date..oh well still very confident on this investment...onward and upward

Originally Posted by wciappetta

Keep looking....you're a good researcher, they might have missed one pic somewhere right?.....

BTW today was my guess date..oh well still very confident on this investment...onward and upward

Yeah, I was thinking this date too but picked the 24th to give the Iraqi's time to be ambivalent but 1 week before the deadline set by the US Gov't.

Originally Posted by wciappetta

BTW today was my guess date..oh well still very confident on this investment...onward and upward

We had some pretty big dogs coming through the door last week bro! Your guess may not be too far off the mark.

Originally Posted by Dinar Cha Ching

We had some pretty big dogs coming through the door last week bro! Your guess may not be too far off the mark.

As always brother --I believe you are right--enjoy some new wine today...oh by the way Happy Fathers Day


Happy Fathers Day to all you dads

Originally Posted by ChiefWealth53

eah, I was thinking this date too but picked the 24th to give the Iraqi's time to be ambivalent but 1 week before the deline set by the US Gov't.

Hey I'm all for the 24th Shabibi

Just caught a glimpse of CNN Headline News reporting that VietNam visiting Bush this week. "Expected to sign agreements to open to free trade with the USA." No other details, but will watch again next hour for same story. Could the Dong and the Dinar RV at same time of June 30th or July 1st?

Originally Posted by wciappetta

Keep looking....you're a good researcher, they might have missed one pic somewhere right?.....

BTW today was my guess date..oh well still very confident on this investment...onward and upward

Thank you.....researching keeps me out of trouble.....lol

Stop Fundamentalism,Thursday June 14 - Iraqi Dinar was sold at 1258 per Dollar Wednesday at Iraq’s Central Bank Auction. This is three Dinars lower than mid last month’s prices.
The demand for dollar has increased since earlier this month causing the rise in its value against Dinar.
The exchange rate of the Iraqi Dinar rose significantly at the expense of Dollar, last year and earlier this year.

Daily auctions by the Iraq’s Central Bank are part of a policy to maintain stability of Iraqi Dinar exchange rate and to prevent its uneven prices compared to other currencies, as well as reducing the inflation.

Meanwhile, the General Assembly of the Iraqi Bank has approved a move of 20 billion Iraqi Dinars from accumulated surplus and development reserves into bank’s capital. This will increase the capital from 31 to 51 billion Iraqi Dinars.
Observers welcomed the increase as significant considering the overall situation in the Iraqi banking sector and the current security difficulties.
Also another breakthrough is the revelation that 45 countries have agreed to write off Iraqi debt totaling $140 billion, Iraq’s Minister of Finance told reporters early June.
In the write off, Saudi Arabia came in first forgiving %80 of its claims.

Got this off the Dinar into Dollars Website Today

If you don’t mind, I’ll still take the 19th of June, my kid’s birthday. Can you think of a better birthday present?

DesertWolf

Originally Posted by wciappetta

As always brother --I believe you are right--enjoy some new wine today...oh by the way Happy Fathers Day


Happy Fathers Day to all you dads

Thanks Bro! Same to you and to our mutual FATHER!