Thread: Iraq/Dinar News until 5/23/07 Midnight CST

Wed, May 23rd 2007 rate 1259

Announcement No.(930)

D.G. of Foreign Exchange Control

The 930 daily currency auction was held in the Central Bank of Iraq day Wednesday 2007/5/23 so the results were as follows :

Details Notes Number of banks 15 ----- Auction price selling dinar / US $ 1259 ----- Auction price buying dinar / US $ ------ ----- Amount sold at auction price (US $) 69.415.000 ----- Amount purchased at Auction price (US $) ------ Total offers for buying (US $) 69.415.000 ----- Total offers for selling (US $) ------ -----

SO MUCH FOR THE URBAN LEGEND THAT THE RATE WOULD GO FROM 1260 to RV...Now with the Constitutional Committee Refusing to present their bill(s) to Parliament....WHAT NOW? PLEASE DO NOT SAY MONEYBAGS WAS RIGHT AFTER ALL...SLOW GROWTH>>>I REALLY HOPE NOT!!!!

Originally Posted by fredgwest1999

Wed, May 23rd 2007 rate 1259

Announcement No.(930)

D.G. of Foreign Exchange Control

The 930 daily currency auction was held in the Central Bank of Iraq day Wednesday 2007/5/23 so the results were as follows :

Details Notes Number of banks 15 ----- Auction price selling dinar / US $ 1259 ----- Auction price buying dinar / US $ ------ ----- Amount sold at auction price (US $) 69.415.000 ----- Amount purchased at Auction price (US $) ------ Total offers for buying (US $) 69.415.000 ----- Total offers for selling (US $) ------ -----

SO MUCH FOR THE URBAN LEGEND THAT THE RATE WOULD GO FROM 1260 to RV...Now with the Constitutional Committee Refusing to present their bill(s) to Parliament....WHAT NOW? PLEASE DO NOT SAY MONEYBAGS WAS RIGHT AFTER ALL...SLOW GROWTH>>>I REALLY HOPE NOT!!!!

So much for 1260 eh? And i thought that they would keep it at 1260 until they were done!

O well, i still dont believe in a slow growth.
it might aswell be back at 1260 tomorrow who knows?

Be positive!

Originally Posted by Raditz

So much for 1260 eh? And i thought that they would keep it at 1260 until they were done!

O well, i still dont believe in a slow growth.
it might aswell be back at 1260 tomorrow who knows?

Be positive!

Thaaaaaaat's right . . . follow the same pattern . . . keep the speculators guessing . . .

Best to all . . . RR . . .

Originally Posted by fredgwest1999

Wed, May 23rd 2007 rate 1259

Announcement No.(930)

D.G. of Foreign Exchange Control

The 930 daily currency auction was held in the Central Bank of Iraq day Wednesday 2007/5/23 so the results were as follows :

Details Notes Number of banks 15 ----- Auction price selling dinar / US $ 1259 ----- Auction price buying dinar / US $ ------ ----- Amount sold at auction price (US $) 69.415.000 ----- Amount purchased at Auction price (US $) ------ Total offers for buying (US $) 69.415.000 ----- Total offers for selling (US $) ------ -----

SO MUCH FOR THE URBAN LEGEND THAT THE RATE WOULD GO FROM 1260 to RV...Now with the Constitutional Committee Refusing to present their bill(s) to Parliament....WHAT NOW? PLEASE DO NOT SAY MONEYBAGS WAS RIGHT AFTER ALL...SLOW GROWTH>>>I REALLY HOPE NOT!!!!

Originally Posted by Raditz

So much for 1260 eh? And i thought that they would keep it at 1260 until they were done!

O well, i still dont believe in a slow growth.
it might aswell be back at 1260 tomorrow who knows?

Be positive!

ooooooohhhhooooooooooooooo...... you sneaky Iraqis..............

LIAR, LIAR PANTS ON FIRE....

Someone's a fibber, someones a fibber.

Well so much for 1260.

1259 today so up up and away we gooooooooooooooo, where we stop nobody knoooooooooooooowwwwwwwwwsssss.....

So, Mr. Iraqi representative what is the next big story you would like to share... I'm all ears. In one and out the other.

Works to introduce credit card







الشاملJustice / Ali Zuhair Al-Rubaie : Rafidain Bank announced approached advanced banking services to the beneficiaries, said the source at the bank I am one of the most important programs of work are coming restructuring of the bank and the application of the Comprehensive

.The introduction of the credit card or smart card and automatic teller system, linking bank accounts with banks, local, Arab and international and other sophisticated business, which would access the bank to the ranks of advanced international banks. .He added the bank exercises all banking transactions, whether internal or external, through branches of the 147 branches inside Iraq, in addition to 9 branches outside Iraq and has a distinguished position among agents so that the title of economic activity in Iraq. .In the area of bank credit Bank issued several instructions to grant loans to each of :-a. Microfinance. ب..B. Rafidain Bank lending staff, and government departments in advance personal and advance for marriage. ج.C. The granting of loans to all sectors of Iraqi dinars and foreign currency. د.D. Granting loans to graduates of colleges and institutes within the Ministry of Labor and Social Affairs

Oh international as well!
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1260..........well dont be surprised if it goes down and back up to 1260 because of the delays in getting the HCL done and now the bumping of the oil shin dig!

I am very humble ........I have learned over time unless you are making and signing the laws you have no idea other then speculation (no offense towards our stellar researchers). I do appreciate all the investigating and news but I think we all hope that we know, but are not in the right shoes. Fellow ROL CLUBERS we will be rich soon but we will be the last to know!!!!

GO DINAR.......

The private banks and companies contributing to hold meetings embodiment of the level of interaction with the activities and economic developments in the country despite the political and economic security and even inappropriate, it was called the North Bank shareholders to attend the annual meeting on May 28 to discuss a range of topics relating to the bank, the bank also began distributing certificates in the new headquarters of his Assembly also invited the company to invest Alback Financial shareholders to attend the annual meeting on May 31 to discuss the agenda, and it falls on the Baghdad hotel company, which called its shareholders to attend the annual meeting on May 28 for the same purpose.

و .Meanwhile, continued market indicators Iraq securities decline in circulation during the sixth meeting of the month this May held last Monday, where the shares were issued 33-stock company with 386 million shares ability and value exceeded 443 million dinars achieved through the implementation of 211 contracts. .And the market index had closed at a record low of 24.829 points or more than 1% from the previous meeting.

المصار� والشركات المساهمة تواصل اجتماعاتها السنوية ومؤشرات البورصة تتراجع

Hi,
Is the Iraq stock exchange still to open on the 1st June to foreign investers or does anyone know to the contrary and if it is does everyone think that the revalue has to happen before then.?????

I THink 1259 WOULD BE positve as long as it keeps going in that direction. Just because it paused at 1260 doesnt mean its done, the fat lady didnt sing yet!

Originally Posted by abbey56

Hi,
Is the Iraq stock exchange still to open on the 1st June to foreign investers or does anyone know to the contrary and if it is does everyone think that the revalue has to happen before then.?????

The haven't been any indiccations otherwise...don't think we'll know until the day actually arrives.