Thread: IQD market rate at $873 per Million 12-12-07

The market has closed in Iraq. The market price closed at $873 per million. Up from $851 per million on the 11th.

http://cbiraq.org/C.B.I.%20FOREIGN%2...20AUCTIONS.pdf

(scroll top the bottom)

Interesting.

Yesterday I posted this in the News Thread. I'm not sure if anyone saw it so I will post it again here. It says the street rate is 1125.


Value of American dollar dramatically dropped in Sulaimaniyah Markets


PUKmedia 2007-12-11 18:51:36
The American dollar unexpectedly dropped in Sulaimaniyah markets. According to today’s price exchange,100 dollars are worth 112 500 Iraqi dinars.

“The cause of such decrease is attributed to flooding dollars into the markets by the tradesmen and capitalists and withdrawing lots of Iraqi dinars out of the markets. The Iranians’ favor of trading with dinar is probably another cause.”According to a source in Sulaimaniyah currency exchange reported to PUKmedia.


PUKmedia :: English - Value of American dollar dramatically dropped in Sulaimaniyah Markets

Ummm, like Dinar investors? Who ever said investing in Dinar wouldn't help Iraq?


“The cause of such decrease is attributed to flooding dollars into the markets by the tradesmen and capitalists and withdrawing lots of Iraqi dinars out of the markets."

Lol -

My bad. Sorry about that guys. I'll be sure to confirm any information in the future prior to posting. I thought I had.