"Archived", Removed. From the News Thread Here:

[mrvgs]

Yea what snottynose said.

[doublescorpio]

Okay I have spent about two hours on this iraq forum and there has only been one post about the 10000 dinar handout and no posts about the iraq dinar. I even copied and pasted the arabic post to see if there was anything. Someone please explain to me if we are so close...why are none of the iraq people saying anything?? This web site has 7000+ members and from what I can tell it sounds like they are from Iraq or surrounding areas!!!

Link: aliraqi Community

Just a little update...the brain was on there fishing for info. I joined today and I waiting for my e-mail to activate my account. I am going to start a thread about the dinar and I will post what ever replies I get here

[laurenr]

Quoting your own posts..................

[DayDream]

Exchange rate arrangements:Iraq

Dates/Arrangement/ Legal basis/ Remarks
1500s
-March 1917
fixed; officially used Ottoman currency, but in practice Indian rupee was more widely used from mid or late 1800s Iraq was part of the Ottoman Empire. The Indian rupee, which did not suffer the debasement that beset Ottoman coins, was widely used. Officially, all foreign coins were banned in 1883 (Ottoman Empire, circular of 25 January 1883), though they were later accepted for some payments (Ottoman Empire, circular of June 1894). The Ottoman lira was a decimal currency from 1881.

March 1917
-31 March 1932
fixed; used Indian rupee The British introduced Indian rupee, one of their colonial currencies, upon conquering Iraq during First World War. The rupee was already familiar because it was widely used in trade. It was not a decimal currency.

1 April 1932
-17 December 1946
fixed; 1 Iraqi dinar = UK£1 Iraq, Iraq Currency Law, No. 44, 19 April 1931; Law No. 101, 12 December 1931 Iraq established its own currency, which unlike the Indian rupee was decimalized; it was divided into 1,000 fils. "Dinar" derives from the Latin denarius, a silver coin of ancient Rome. Through the April 1931 law, the Iraqi dinar was to have had a gold value equal to the pound sterling, but the pound sterling was floated against gold on 21 September 1931, so the December 1931 law removed the planned gold parity. Indian rupees were exchanged at 1 Indian rupee = 0.075 Iraqi dinars from 1-28 April 1932, 1 Indian rupee = 0.074 Iraqi dinars from 29 April-5 May 1932, and 1 Indian rupee = 0.0745 Iraqi dinars from 6 May-30 June 1932. These were equal to the prevailing rates in London of the Indian rupee against the pound sterling.

18 December 1946
-30 June 1949
fixed; 1 Iraqi dinar = UK£1 = US$4.03 = 3.58134g gold Iraq registered a gold parity with the IMF.
1 July 1949
-19 September 1949
hard peg; 1 Iraqi dinar = UK£1 = US$4.03 = 3.58134g gold Iraq, National Bank of Iraq Law, No. 43, July 1947; Law No. 42 of 1947 Iraq replaced its currency board with a central bank, so the exchange rate changed from fixed to a hard peg.

20 September 1949
-22 June 1959
hard peg; 1 Iraqi dinar = UK£1 = US$2.80 = 2.48828g gold Iraq, Law No. 42 of 1947 Followed the United Kingdom's devaluation of the pound sterling on 18 September 1949.

23 June 1959
-4 July 1964
hard peg; 1 Iraqi dinar = US$2.80 = UK£1 = 2.48828g gold Switched to the US dollar as the anchor currency, at the prevailing cross rate with pound sterling.
RR: De facto peg to pound sterling / dual market.

5 July 1964
-17 November 1967
hard peg, multiple rates; official rate 1 Iraqi dinar = US$2.80 = UK£1 = 2.48828g gold Iraq, Law No. 87 of 1964 Introduced excise taxes on transfers of foreign exchange for Iraqis leaving the country.
RR: De facto peg to pound sterling / dual market.

18 November 1967
-22 August 1971
hard peg, multiple rates; official rate 1 Iraqi dinar = US$2.80 = UK£1.166 = 2.48828g gold Did not follow the devaluation of the pound sterling on 18 November 1967. The central bank suspended foreign-exchange dealings on 16 August 1971 and resumed on 23 August 1971, but licensed dealers were authorized to continue certain transactions.
RR: De facto peg to pound sterling / dual market.

23 August 1971
-20 December 1971
hard peg, multiple rates; official rate 1 Iraqi dinar = UK£1.166 = 2.48828g gold (nominally) Gold convertibility for all countries ended in practice when the United States abandoned the gold standard on 15 August 1971. Iraq remained pegged to the pound sterling and in effect unpegged from the US dollar.
RR: De facto peg to pound sterling / dual market.

21 December 1971
-31 March 1972
hard peg, multiple rates; official rate 1 Iraqi dinar = UK£1.166 = US$3.04 = 2.48828g gold (nominally) Repegged to the US dollar after the United States devalued the dollar against gold on 18 December 1971. Iraq adopted wider margins. The central bank suspended foreign-exchange quotations from 24 June-2 July 1972 after the United Kingdom floated the pound sterling on 23 June 1972.
RR: De facto peg to pound sterling / dual market.

1 April 1972
-2 July 1972
hard peg, 1 Iraqi dinar = UK£1.166 = US$3.04 = 2.48828g gold (nominally) Unified the exchange rate by abolishing the exchange tax on people leaving Iraq. After the United Kingdom floated the pound sterling on 23 June 1972, Iraq's central bank suspended foreign-exchange quotations on 24 June 1972, resuming on 3 July 1972.
RR: De facto peg to pound sterling / dual market.

3 July 1972
-12 February 1973
hard peg, 1 Iraqi dinar = US$3.04 = 2.48828g gold (nominally) Switched to the US dollar as the anchor currency.
13 February 1973
-31 March 1978
hard peg, 1 Iraqi dinar = US$3.3778 = 2.48828g gold (nominally) Did not follow the devaluation of the US dollar on 13 February 1973.
1 April 1978
-16 October 1982
hard peg, 1 Iraqi dinar = US$3.3778 International Monetary Fund, Board of Governors, Resolution No. 31-4, 30 April 1976 ("Second Amendment") The system of gold par values officially ended by agreement of IMF members.
RR: Managed float / parallel market from January 1982.

17 October 1982
-1994?
hard peg, 1 Iraqi dinar = US$3.2169 Devalued by 5%. A currency confiscation occurred on 5 May 1993 as Iraq withdrew 25-dinar "Swiss print" notes from circulation (Iraq, decision of cabinet and Revolutionary Command Council, 2 May 1993). Notes were exchanged at 25 new dinars = 25 old dinars until 10 May 1993, but Iraq closed its borders to prevent foreign holders from repatriating the notes during the redemption period. After the period was over, the notes became worthless in areas controlled by the government of Saddam Hussein. The 25-dinar Swiss-print notes continued to be valid in Kurdish areas, which since the Persian Gulf War of 1991 had become de facto independent.
RR: Managed float / parallel market. Multiple rates in 1982 and 1983.

1994?
-29 June 2001
hard peg; 1,750 Iraqi dinars = US$1 The IMF source shows this exchange rate as of 1994 but does not say when it began. Iraq released little information to the IMF after the 1991 Persian Gulf War.
RR: Managed float / parallel market to December 1997, when data end.

30 June 2001
-19 March 2003
managed float The IMF reclassified the exchange rate arrangement in light of information that state banks could buy and sell foreign currency at prevailing market rates. The actual change of arrangements was probably earlier.

20 March 2003
-3 October 2003
clean float With the US invasion of Iraq on 20 March 2003, the exchange rate arrangement became in effect a clean float for a time.

4 October 2003
-14 October 2003
managed float Returned to a managed float, with the central bank determining the exchange rate using rates resulting from foreign-exchange auctions.

15 October 2003
-present
(new) Iraqi dinar, managed float Introduced a new design of currency across the whole country, including Kurdish areas that had used the "Swiss print" dinar printed from 1979-1989. Currency was exchanged at 1 new Iraqi dinar = 1 old Iraqi dinar, or 150 new Iraqi dinars = 1 Swiss print dinar. Approximately 4 trillion old dinars are expected to be exchanged. Old dinars ceased being legal tender on 15 January 2004.

Cheers!
DayDream

[bigred52]

why is it if someone posts pro democrats--anti republican remark THATS OKAY
But when a conservative posts a logical response. THIS ISN"T THE PLACE
Islamic homicidal manics will increase the attacks knowing the dems are looking for a reason to pull out. r/v if in the short term will be okay: but
long term stability does not look good. The only hope the civilized world has
is to convince the peaceful muslims : the ones that out of fear or ignorance allow or condone the actions of homicidal manics that it is better to celebrate
life than to slaughter innocence victims. AS I SAID BEFORE it is hypocritical
to condemn Bush and the war while you are on the verge on becoming rich.
REMEMBER THE TROOPS WHEN WE BECOME RICH

[Socata 850]

I like Treaters picture,especially the WOOT I don't know how to paster pictures so I'll show you what I'm going to do with some of our dinar money. This will be my "Socata 850"

Eads/Socata TBM 850 For Sale - Eads/Socata Turboprop Aircraft For Sale at Controller.com

[celilo]

I heard if their was a reval it would only be in iraq & not out of iraq

Highly unlikely. Makes no sense.

[Socata 850]

I heard if their was a reval it would only be in iraq & not out of iraq

You had better have more info than just "I heard". Where did you hear it and from whom?

[lndmn_01]

I heard if their was a reval it would only be in iraq & not out of iraq

Yep, they can do that, make it worth 1 value in country and another out of country. Great first post. (sarcasm)

[panhead]

I heard if their was a reval it would only be in iraq & not out of iraq

ok I'll bite..........LINK?