Thread: Iraq/Dinar News. 09/05 to 01/14/07

and for shiites and giggles i go to check out the forex real time chart i watch and low and behold the activity on the EUR/IQD pair has ceased. no trading on stochastic chart since 17:00 yesterday. it has been trading consistantly at the same times of the day for months now.
US Dollar Index - Real-Time Currency Trading Charts from FXTRek for Forex Trading

Originally Posted by Par77

This is close to what we are looking at here. Iraqi Dinar should be at least equal to the JOD..We bees in the ball park


Sunday, October 8, 2006

1 Jordanian Dinar = 1.42159 US Dollar

1 US Dollar (USD) = 0.70344 Jordanian Dinar (JOD)

Interbank rate +/- 0%

This means:
You buy 1 Jordanian Dinar : 1.42159 US Dollar
You sell 1 Jordanian Dinar : 1.40168 US Dollar
You buy 1 US Dollar : 0.70344 Jordanian Dinar
You sell 1 US Dollar : 0.71343 Jordanian Dinar

Median price = 1.40168 / 1.42159 (bid/ask)
Minimum price = 1.40154 / 1.41443
Maximum price = 1.40825 / 1.42187

Let the fun begin
Now all the neighbors can be compatable
Thanks bs :) (lol)

Voices of Iraq: Eid-Grant
كتب: nadioshka في يوم الأحد, 08 أكتوبر, 2006 - 02:42 PM BT

Eid-Grant
Iraqis to get $203 million for the Eid
By Kawthar Abdul-Amir
Baghdad, Oct 8, (VOI) – The Iraqi parliament agreed on Sunday to allocate 300 billion Iraqi dinars ($203 million) as grants for the Eid.
Each Iraqi citizen would thus get 10,000 Iraqi dinars ($6.8) on the occasion of Eid al-Fitr, which marks the end of the month of fasting.
The money would be distributed out in cheques with the ration cards and cashed at banks

Eid-Grant :: Aswat al Iraq :: Aswat al Iraq

i suspect they are only spending this much money on the bonus'. but to give it out in cheques with the card would indicate they can then revalue previous to the date printed on the check. which would benefit both the citizens AND the cbi. the money is already taken out of the budget at the lower rate and wont impact like revaluing and THEN handing it out which would come out of the funding at the revalued rate instead.

i think we can apply this ideology to the student bonus' as well.

Originally Posted by karinc

1472 million

Do you mean 1 billion 472 million?

That would be 58,880 25,000 dinar notes.

Originally Posted by karinc

But this is what I don't understand

Karinc, how will iraq make any money if their exchange rate stays the same?

If it didn't matter what their exchange rate was against other currencies then why do they keep putting out articles talking of the need to raise the exchange rate of the dinar?

Sounds good to me SGS. i think this is a defining moment. And the 12th is on the way.
LIT

Originally Posted by cigarman

Well I read it three times and it says lop in one way and reval another way, so tell us your opinion of what it says.

Could mean moving the decimal point 3 places putting us at $1.47......

Thoughts?
OSOK

I truely believe we are all on the winning side of a historic event. For all the people that told us we were crazy fools for investing in a country of chaos and death, they sound have listened. You can't stop dreamers, we will always find a way.

This investment was just crazy enough to work with odds so long, how could you not throw a few hundreds or thousands at it. How many people play the lottery to dream. This is the lottery with better odds and incredible payouts

I am honored to be in this with all of you

(Voice of Iraq) - 09-10-2006 | This issue was sent to a friend

Contacts between Jordan and Iraq to settle their dispute Financial
Amman-Salah sad life-09 / 10 / 06 / /

Sources in the Ministry of Finance Jordanian Contacts are underway between Jordan and Iraq on financial issues pending between the two countries including the money owed to Jordanian exporters to the previous Iraqi government.

They said that the technical committee was formed from both sides to consider all the aspects of the financial portfolio between Jordan and Iraq. pointing out that the dossier had been discussed during the visit, which was carried out by the Prime Minister, Dr known Bakhit to Baghdad earlier in August (August) last year.

Includes file financial Jordanian debts owed to Iraq since the days of the former Iraqi regime of $ 1.3 billion accumulated over more than two decades, It started debts estimated at about 50 million dollars during the Iraqi-Iranian war, which ended in 1988. but increased after it bought the Jordanian government, the private sector's debts owed by the Iraqi government in 1991, Mahe and went to him after that Jordan has, after the imposition of international sanctions on Iraq in 1990 and until the fall of the former regime. to ensure imports from outside Iraq through a special account in the Central Bank of Jordan.

It is known that Jordan was the sole outlet for Iraq with the outside world over the 13 years during which Iraq was under international embargo imposed on it following its invasion of Kuwait in 1990.

The file also other financial benefits to the private sector resulting from the Jordanian dealings with the private and public sectors outside the framework of the then Iraqi trade protocol between the two countries. , as well as outside the framework of the oil-for-food agreement, which was signed by Iraq with the United Nations in 1996. And these benefits are estimated at about 450 million Jordanian dinars.

The file also includes Iraqi assets in Jordanian banks were the previous Iraqi government deposited in Jordanian banks in the form of guarantees for the commodities exported by the Jordanian company to Iraq. Following the fall of the former Iraqi regime at the hands of the American coalition against Iraq in 2003 Jordan took a decision to impound these stocks are estimated at 650 million dinars to guarantee the rights of Jordanian merchants. The deployment of this amount, about 40 million dinars are human fixed for about 500 merchants and industrial Jordanian merchants Iraqis.

The trade relations between the Jordanian-Iraqi done through a trade protocol signed by the countries annually and includes goods needed by Iraq from Jordan over the full year in the oil-for-granted to Jordan from Iraq at preferential prices. But traders were Jordanians enter into commercial agreements with the Iraqi government or with their counterparts in Iraq outside the framework of this agreement, while others were doing to Iraq goods not covered by the international embargo that was imposed on Iraq in the days of the previous regime. and in the framework of the oil-for-food and medicine.

The sources confirmed that Iraq has asked Jordan to the list of the names of traders and industrialists Iraqis who had their rights to different parties, including the previous Iraqi government, , and another list of the names of traders and industrialists who got their dues from frozen Iraqi assets. It added that the Iraqi Ministry of Trade is preparing a range of processing applications for receivables material for some traders and Jordanian businessmen.


Sotaliraq.com

Ok here is the "farm" spin on what will happen

RV on October 10th - just because they have a thing for the number 10 right now.

Pass the law on October 12th

Either way 10 or 12th this grandma will be sooooooo happy!!

RV REALLY!!!!!!!!!!!!!