Thread: Iraqi/Dinar News before 3-12-2007 7:45PM CentralTimeZone

Originally Posted by shotgunsusie

actually if you look way back i was the first one to comment on it dude.... youre actually the slowpoke,
passed it to all my dinar contacts on my yahoo list at 7:10pm on the 8th even! sheesh!!

I'll vouch for that!!! I received the info.

Originally Posted by danny51

Is there actually any NEWS pertaining to Iraq in this? If so, please point it out.

Nope, Danny, it is related it to the other thread about the US congress. LOL
http://www.rolclub.com/iraqi-dinar-dinartrade-com/14057-scary-truth.html

I just thought it was funny.
Admin, please move the post in another thread if it bothers our news readers.

The Central Bank announced its intention to reduce inflation and increase the value of the Iraqi dinar to be in the interest of stability and the growth of the Iraqi economy

اعلن :The Iraqi Central Bank announced that it is determined to reduce the inflation and raise the value of the Iraqi dinar to be in the interest of stability and the growth of the Iraqi economy, came in a statement published by two media office of the Central Bank of Iraq yesterday, and broken down as follows :
يواصل .The Central Bank of Iraq since autumn 2006, its monetary policy to reduce inflation and strengthen the purchasing power of the Iraqi dinar. هذه .And such a policy will provide stable cash broader and accelerated rates of economic growth and ensure sustenance. إذ .Since the monetary policy adopted in this regard signals essential to the achievement of its objectives : the lifting of the exchange rate of the Iraqi dinar and increasing interest rates, the Central Bank of Iraq.

يؤكد العراقي.Underlines that the Iraqi Central Bank's activities in the implementation of policy will take some months until the effects on inflation trends and taking into account its operations in implementing the monetary policy of the exceptional cases in the evolution of a sharp price phenomenon resulting from temporary factors occur from time to time, and lead to higher inflation rates, in particular in relation to Bahttzazat aggregate supply in the economy and in particular the extraordinary rises in the price of fuel, transport and communications, in addition to the usual seasonal fluctuations experienced by some sectoral activities in the Iraqi economy.

كمــا الراهنة.Everybody knows that as the basis of inflation (expressed index of consumer prices - with the exception of the two fuel and lighting, transport and communication) had shown some positive signs in the low inflationary phenomenon because of the impact of direct and indirect factors in the overall demand and responsibility within the framework of the current monetary policy.

إن قي.The Central Bank of Iraq is still determined to reduce inflation and to address the causes and trends of continuing its policy of raising the value of the Iraqi dinar and the interest rate has, so take inflation downward track and was in the interest of macro-economic stability and sustain the general growth of the Iraqi economy.

العراقيThe Central Bank of Iraq
بغداد في 11 آذار 2007In Baghdad, March 11, 2007
Translated version of http://www.sotaliraq.com/

Originally Posted by neno

Iraq Corruption Magnitude US$8 Billion, Eight Ministers Implicated

Head of the General Integrity Authority in Iraq, Judge Radi Hamza Al-Radi, said that total monetary value of all the corruption cases the Authority is investigating has reached US$8 billion, reported Asharq Al-Awsat. He added that eight ministers and 40 general directors are implicated in the cases. Read

No wonder why we have not seen an RV!

Iraq-Currency
Posted by: saleem on Monday, March 12, 2007 - 05:51 PM

Iraq-Currency
Higher demand for dollar in Iraqi Central Bank auctionBy Dergham Mohammed Ali

Baghdad, March 12, (VOI) – Demand for the dollar increased in the Iraqi Central Bank’s daily auction on Monday, reaching $59.600 million compared with $45.395 million on Sunday.

In its daily statement the bank said it had covered all bids, which included $19.980 million in cash and $39.620 million in foreign transfers, at an exchange rate of 1,278 dinars per dollar, a tick lower than yesterday.
None of the 13 banks that participated in Monday's auction offered to sell dollars.

Ali al-Yaseri, a trader at the auction, told VOI "the drop of one tick in the exchange rate encouraged banks to make higher bids for dollars in today's auction session."

However, al-Yasseri pointed out, traders wanted to seize the opportunity to make higher bids because they fear a possible increase in the dollar exchange rate in upcoming sessions.
The Iraqi Central Bank runs a daily auction from Sunday to Thursday.

Originally Posted by CharmedPiper

Iraq-Currency
Posted by: saleem on Monday, March 12, 2007 - 05:51 PM

Iraq-Currency
Higher demand for dollar in Iraqi Central Bank auctionBy Dergham Mohammed Ali

Baghdad, March 12, (VOI) – Demand for the dollar increased in the Iraqi Central Bank’s daily auction on Monday, reaching $59.600 million compared with $45.395 million on Sunday.

In its daily statement the bank said it had covered all bids, which included $19.980 million in cash and $39.620 million in foreign transfers, at an exchange rate of 1,278 dinars per dollar, a tick lower than yesterday.
None of the 13 banks that participated in Monday's auction offered to sell dollars.

Ali al-Yaseri, a trader at the auction, told VOI "the drop of one tick in the exchange rate encouraged banks to make higher bids for dollars in today's auction session."

However, al-Yasseri pointed out, traders wanted to seize the opportunity to make higher bids because they fear a possible increase in the dollar exchange rate in upcoming sessions.
The Iraqi Central Bank runs a daily auction from Sunday to Thursday.

Interesting............the second day in a row that traders have made comments about an anticipated rise in the rate of the dinar. If they take it up only a little, all they will do is further specualtion. Many things happening this month, "March Madness". So thanks to our friend Socata 850, we are seeing over 6.5Trillion out. Not much more to go till 7trillion is hit and that does not take into account the dinar pulled out from under our noses between Jan. 06 and Nov. 06. Thank You.

Is anyone else's pulse rate quickening besides mine?

Maybe it was those three cups of joe I had this morning, but maybe it wasn't.

wishing us all success(while having morning coffee on the French Riviera)

harrisomi

Bumping to the top of the page and ahead of so many hyip offers......

Originally Posted by Wm.Knowles

Interesting............the second day in a row that traders have made comments about an anticipated rise in the rate of the dinar. If they take it up only a little, all they will do is further specualtion. Many things happening this month, "March Madness". So thanks to our friend Socata 850, we are seeing over 6.5Trillion out. Not much more to go till 7trillion is hit and that does not take into account the dinar pulled out from under our noses between Jan. 06 and Nov. 06. Thank You.

Yes, it seems like the final build-up to me. They can't just RV without letting other countries know that things are getting better since all the other countries have to accept the rate they will be proposing.

Just Curious, was/is 7 trillion a benchmark that the CBI is/was trying to reach for currency pulled from circ???