Thread: Iraqi/Dinar news until March 1st, 2007

Originally Posted by duck2000

electronic machine glitz nothing more world of computers nobody does paperwork any more dont read too much into this!!! no source ha fast money!

Did i miss something?

Originally Posted by rvalreadydang

Did i miss something?

Not really. Just talking about the computer glitch that caused the drop in the Dow, possibly caused by the China 8 or 9% loss 2 days ago.

thanks, for a second i thought maybe a huge jump on the dinar rates occured, lol

Iraqi Dinar stable; Dollar demand high says Iraq Central Bank
Stop Fundamentalism - [01/03/2007]


Iraqi Dinar closed just below 1288 Dinars per Dollar today at Iraq’s Central Bank Auction. This is unchanged from last Tuesday, says the ICB.

Since the introduction of new Iraqi Dinar, this currency has demonstrated a great potential in gaining value against Dollar. Just last November and December Dinar was sold for prices above 1400 per Dollar.

Reports indicate a high volume of trade at Iraq’s Central Bank through its network of 14 participating Banks throughout Iraq.

Economist Abdul-Razzaq Sadeq al-Abaiji told the independent news agency “Voices of Iraq” (VOI) that, "The exchange rate was stable for more than a week now leading traders to offer selling dollars in today's auction."

"The offers to sell dollar encouraged the Central Bank to cover all bids for dollar during Tuesday's session.” Abaiji added.

Azaman reported on Monday that the Central Bank had failed to cover bids made in its daily auction for dollar resulting in a decline in the demand ceiling to less than $34 million.

Some analysts anticipated last year that the Iraqi government plans to push Iraq’s Dinar value high to be fixed at 1000 per Dollar. Iraq’s Central Bank later on denied such initiative. Whether that is true or not the prediction seems to be coming to reality after all.


http://www.iraqdirectory.com/DisplayNews.aspx?id=3292


ummm, i thought it exchanged at 1280 today....any thoughts ?

Originally Posted by nikki

Iraqi Dinar stable; Dollar demand high says Iraq Central Bank
Stop Fundamentalism - [01/03/2007]


Iraqi Dinar closed just below 1288 Dinars per Dollar today at Iraq’s Central Bank Auction. This is unchanged from last Tuesday, says the ICB.

Since the introduction of new Iraqi Dinar, this currency has demonstrated a great potential in gaining value against Dollar. Just last November and December Dinar was sold for prices above 1400 per Dollar.

Reports indicate a high volume of trade at Iraq’s Central Bank through its network of 14 participating Banks throughout Iraq.

Economist Abdul-Razzaq Sadeq al-Abaiji told the independent news agency “Voices of Iraq” (VOI) that, "The exchange rate was stable for more than a week now leading traders to offer selling dollars in today's auction."

"The offers to sell dollar encouraged the Central Bank to cover all bids for dollar during Tuesday's session.” Abaiji added.

Azaman reported on Monday that the Central Bank had failed to cover bids made in its daily auction for dollar resulting in a decline in the demand ceiling to less than $34 million.

Some analysts anticipated last year that the Iraqi government plans to push Iraq’s Dinar value high to be fixed at 1000 per Dollar. Iraq’s Central Bank later on denied such initiative. Whether that is true or not the prediction seems to be coming to reality after all.


http://www.iraqdirectory.com/DisplayNews.aspx?id=3292


ummm, i thought it exchanged at 1280 today....any thoughts ?

Dated 01/03/2007

Originally Posted by nikki

Iraqi Dinar stable; Dollar demand high says Iraq Central Bank
Stop Fundamentalism - [01/03/2007]


Iraqi Dinar closed just below 1288 Dinars per Dollar today at Iraq’s Central Bank Auction. This is unchanged from last Tuesday, says the ICB.

Since the introduction of new Iraqi Dinar, this currency has demonstrated a great potential in gaining value against Dollar. Just last November and December Dinar was sold for prices above 1400 per Dollar.

Reports indicate a high volume of trade at Iraq’s Central Bank through its network of 14 participating Banks throughout Iraq.

Economist Abdul-Razzaq Sadeq al-Abaiji told the independent news agency “Voices of Iraq” (VOI) that, "The exchange rate was stable for more than a week now leading traders to offer selling dollars in today's auction."

"The offers to sell dollar encouraged the Central Bank to cover all bids for dollar during Tuesday's session.” Abaiji added.

Azaman reported on Monday that the Central Bank had failed to cover bids made in its daily auction for dollar resulting in a decline in the demand ceiling to less than $34 million.

Some analysts anticipated last year that the Iraqi government plans to push Iraq’s Dinar value high to be fixed at 1000 per Dollar. Iraq’s Central Bank later on denied such initiative. Whether that is true or not the prediction seems to be coming to reality after all.


http://www.iraqdirectory.com/DisplayNews.aspx?id=3292


ummm, i thought it exchanged at 1280 today....any thoughts ?

yep the article is late ...

News about the formation of a new political coalition includes 80 deputies from a the Iraqi consensus, dialogue and other sources said in a for a list of Iraqi and block consensus on the agreement soon Lich Under a new political coalition and the parliamentary bloc of more than (80) deputies. The figures in the National Accord Movement that the coalition the new list includes the political front of Iraqi Front and the National Dialogue in addition to produce figures him and the masses of small, with the prospect of joining other parties in parliament, such as annoyed b Virtue and the other outside. The sources emphasized that the meetings held between the front Alto the Iraqi List and to define the broad outlines t the new coalition which will seek to unite as institutional class P Iraqi people and achieve genuine reconciliation. The repeal of a law abolishing the Baath, and the former Iraqi army, according to the service pay Fat professional, The abolition of militias and armed factions, The purge the security services of the intruders. The sources added that the new coalition would bloc with land within the parliament to improve the performance of the government and it would decide counting on the fault and negatives. The leader of the Islamic Virtue Party, and a member of the the deputies Mohammed Ismail khaz'ali had said a few days Walt vocal briefing on the formation of a new coalition comprising the existing e Iraq, the Virtue Party, political forces and personalities Sunni e in Iraq without minute. Khaz'ali said that "the Islamic Virtue Party, the current a to support and strengthen the Iraqi government and the unifying vision the direction of a national and correct the course of its work, with the opening of the party A. Delh on the rest of the political forces, whether in the context of government or outside. " The statements had been gathered from the Dawa Party (a free for Iraq) pointed to the formation of a new alliance comprising Party Fadhil e and other political forces has been the blessing of the spiritual guide Leh Zub Islamic Virtue Sheikh deployed personnel.

The Council of Ministers held its 10th regular Elio m Thursday, March 1, 2006 (((((THIS DATE IS WRONG, IT IS NEW TODAY MARCH 1ST 2007))))))and decided the following :

1.Ratification of the Convention on debt reduction agreements with Na de Paris.
2.Authorize the Minister of Finance to sign the all Alatv Whipple executive of the above, leave with the signing of the three conventions (the reduction and the reorganization of the Iraqi debt) with Switzerland and Germany, The Iraqi debt write with Romania.

Translated version of http://www.sotaliraq.com/

thats the IMF Paris debt, so they made the economic reforms the IMF said they needed to do

Originally Posted by Escalade

Dated 01/03/2007

I believe they write their dates backwards to ours. I think the date is 03/01/07

Originally Posted by $onedaysoon$

The Council of Ministers held its 10th regular Elio m Thursday, March 1, 2006 and decided the following :

1.Ratification of the Convention on debt reduction agreements with Na de Paris.
2.Authorize the Minister of Finance to sign the all Alatv Whipple executive of the above, leave with the signing of the three conventions (the reduction and the reorganization of the Iraqi debt) with Switzerland and Germany, The Iraqi debt write with Romania.


thats the IMF Paris debt, so they made the economic reforms the IMF said they needed to do

do you have a link for this beast ?