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

Economic High : Market index Iraq for securities


Baghdad : Ali Jasim
In the second meeting of this month prices have shares traded in the market for securities of Iraq to rise after the decline in shares traded for more than the meeting.
Out of (90) is a company listed on the market was the circulation (27) is a company which rates increased prices of shares (13) in the company, while the rates (8) shares of companies with maintained (6) companies on the same rates of prices at the previous meeting and still (22) the company stopped trading because of the its annual general and the implementation of the resolutions are Assembly standing unit, (13) the company suspended the decision of the securities.
Exceeded the number of shares traded at (423) million shares, the value of (837) million dinars through the implementation (365) contract closed Almehrabam the market (26.892) points high rate (0.889%) of the previous meeting. It indicators circulation achieved shows rise in the index of the banking industry and the decline in the index servants AT and tourism, has been trading on the sectors of insurance, investment and agriculture.
In the banking sector, shares of the circulation (11) banking company shares rose rates (9) companies is a commercial bank rate (16.67%), the highest rate of increase achieved during this meeting, then the Bank of Basra rate (11.54%) and then by Islamic Bank (9.52%) followed by the Bank of the Middle East (8.33%) and the Bank of Babylon (by 8.3 3%) and by the Iraqi Investment Bank (8.33%) followed by the Bank of Baghdad (6.82%) and by the Iraqi National Bank (3.7%) and finally by the Gulf Bank (1.49%).
Rates are down prices of shares of companies that are the Iraqi economy by the Bank (82.6%) and the Dar es Salaam by the Bank (0.62%).
He returned to the circulation of Asian economy after the end of proceedings capitalization profits (by 100%) and capital increased by (400%), increased the company's capital (1) to one billion dinars (10) billion dinars The circulation rate (2) dinars per share after its price (11.500) dinars before capitalization and the increase in the exclusion of the addendum to the equivalent of Aceh m contributor shall be free and the balance of the shares at a price of dinars, and one shows that the rate of price rose (2.6%) or by (50) the level of false parallel to the price of a tie or (price underscore) and the banking index closed b (38.034) points, up by (1.613) from the previous meeting.
The share of the banking sector of the number of shares traded has exceeded (383) million shares, or amount (90.4%) of the total number of shares traded and the value of (775) million dinars, or (92.6%) of the total volume.
The Iraqi investment bank has the highest proportion in terms of the number of shares traded and the volume of trading in the meeting amounted to (33.9%) and (32.3%), respectively, of the number of shares traded and the volume of transactions of the banking sector, after the circulation was more than (129) million shares valued exceeded (250) million dinars.
The manufacturing sector has been circulating shares (10) companies increased rates (3) shares of companies, namely the Al-Mansoor Pharmaceutical Industries rate (4.76%) and construction company Kayf rate (4.76%) and, finally, the company carpets and furnishings, (1.49%) and the rate of price company shares metal and bicycles only by (3.23%).


With maintained (6) companies on the same rates the shares at the previous meeting of Nineveh, a company in the food industry and light industry company and the company Chemical Industries Company and electronic industries and manufacturing company cartoons Finally, the company domestic furniture industry and the industrial index closed b (11.698) points, up by ( 0.541%) from the previous meeting.
The company achieved its electronic industries, the highest rate in terms of number of shares traded and the volume of trading in the industrial sector amounted to (66.1%) and (62.2%) of the number of shares and trading volume in the industrial sector, After deliberating more than (26) million shares worth more than (34) million dinars.

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

Local affairs : Importing foodstuffs to the private sector


Baghdad : Al-Sabah Al-Jadeed
Section issued import and export in the company of three Iraqi opposition leave the import and the two red meat, eggs hatching value of thirty million dollars.
A source in the company ... That leaves import of the business sector and is well known ... Section import and export has been created to act as a public institution for Import and Export canceled after 2003 / September 4 from the other side. the company announced the Iraqi opposition ... Iraq will take part in the Tunis International Fair to be held in Tunis, Tunisia, for the duration of the 10th until the 18th of November next.


A source in the company said that the management of the exhibition will create all the necessary supplies to Iraq's participation in the exhibition

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

جردية الوقائع العراقية

If it is not on the site above, it does not mean a thing!


Besides the MOF said One for One! So One New Iraqi Dinar equals One US Dime? or One US Buck? or In-between?

Translated version of http://www.uruklink.net/iqlaw/aboutus.html

It has to be posted in the Iraqi Gazette !

Originally Posted by "GK"

100cents/1470.63 IQD = .067

Yup, $.06 as a start is very good. That'll be $60K per million. That is what I believe it will be, at a minimum. Anything a above that is a bonus. All they have to do is release the fils. Then voila. It may go at a minimum of $.06 (with 100fils) up to max of $.68 (with 1000 fils). That's what I'm looking at. It's up to the big doggies.

To add to Dinar Excited,
We don't need to forget there are so many historical sites, people from everywhere are waiting to get their hands in Iraq because of all the history there,
. It includes: mosques, churches, monasteries, palaces, castles, forts, museums -- and even caves and walls.
There's so much there everybodies just waiting TO GET INTO IRAQ TO INVEST IN IRAQ

Originally Posted by neno

I tried to put in a order today that will force them to give me a smaller denomenation thru my Wachovia Bank. I usally go to Chase. But I thought I would try one of my other Banks to see if they come thru. They said that they can do it. But would have to place the exchange on Monday morning. I will have my wife do this and follow up with the info. Unless we get the r/v before. I still have the Day Job M-F.

My point of this is Wachovia bank says they can now do the exchanges too. I guess more Banks are getting involved. Will see Monday.

Since when does Wachovia sell Dinar? This is great news for me, although too late probably, there are no chase banks in LA. Does Wachovia buy as well?
Please let me know.

Although, by monday perhaps all banks will be buying and selling.

Well..Mike has always said it will start low and float up possibly very quickly...
so this is feasible... as anxious as so many are... many may exchange quickly..but those who can afford to hold out a percent will be able to see a
higher rate... at this point... I am more concerned about it just rv at any rate and having some $ in hand and then decide how long to hold..:) ez

Originally Posted by MC Dig

Since when does Wachovia sell Dinar? This is great news for me, although too late probably, there are no chase banks in LA. Does Wachovia buy as well?
Please let me know.

Although, by monday perhaps all banks will be buying and selling.

Lets hope so. As far as the Branch Manager at the one here by me. They have been doing it before Chase as far as could get it. I will know more on Monday. Then again as you say it might all ready be where they all have some kind of touch of reallity by then. We will see.

[QUOTE="GK";120201]Do you know that the IQD is being tested at the $.06 range since its intro back in Oct 2003? Do you know that just the release of the fils (100 fils) the minimum value of the IQD is $.06. How so?

The IQD has been locked into the 1460 exchange rate under the EPCA and 1500 under the SBA.

The fils have not been released, although historically and officially the IQD is still made up of 1000 fils.

At the program exchange rate of 1500:1, the IQD without the fils cannot be and will never be in parity with the US dollar. Why? The USD is further broken down to 100 cents, the IQD currently is not. Without the fils, it can only be in parity with the US cent. In short 1 IQD is in parity with 1 US cent.

If you do the math based on this you'll end up with a ratio of 100 US cents per 1500 IQD, or 1 us cent per 15 IQD.

100/1500 = .06

1/15 = .06

FYI. The 15:1 "Heavy Dinar" was the rate recommended to the UN back in 2003.[/QUOTE]

[B][SIZE="3"]could you explain the remark about being equal to their neighbors and fashioning themselves after jordan repetetively?? jordan exchange rate is in no way an equal comparason with your heavy dinar of six cents.[/SIZE][/B]

Originally Posted by "GK"

Yup, $.06 as a start is very good. That'll be $60K per million. That is what I believe it will be, at a minimum. Anything a above that is a bonus. All they have to do is release the fils. Then voila. It may go at a minimum of $.06 (with 100fils) up to max of $.68 (with 1000 fils). That's what I'm looking at. It's up to the big doggies.

Iraq Currency Exchange

Starting on October 15th 2003 a new national currency known as the ‘new Iraqi dinar’ will begin to replace the existing currency, the ‘old dinar’, and the currency used in the North of Iraq, the ‘swiss dinar’. The new Iraqi dinar will create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives.

The currency exchange will last from October 15th 2003 to January 15th 2004. Currency can be exchanged at any time during this three month period. Locations where money can be exchanged will include banks and other official locations, for example post offices, throughout Iraq. No fees will be charged for exchanging currency.



The conversion rates for new Iraqi dinars will be as follows:



one ‘old dinar’ will be exchanged for one new Iraqi dinar;
one unit of the ‘swiss’ dinar will be exchanged for 150 new Iraqi dinars.


Bank accounts and financial contracts in Swiss dinars will also be converted at the rate of 150 new Iraqi dinars for every one Swiss dinar. Bank accounts and contracts in old Iraqi dinar will not change.



The new currency will have a larger number of denominations than the old currency, with 50, 250, 1000, 5000, 10000 and 25,000 dinar notes, making it more convenient to use. The new notes will be of higher quality and durability than those currently in circulation and include many anti-fraud features that will provide important protection against counterfeiting.

Iraq Currency Exchange

When Iraq changed to the new Currency they traded one Dinar for one Dinar. I do not think they can depreciate the Iraqi peoples money by a 1000% JMO.

Dinar-Excited