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

Originally Posted by fsndirector

Did I speed read past a article on the $5.00 Dinar? Where did you see this one at?

Oh Oh, I goofed, I realized it after I posted this that you were talking about the 5 dinar note that was posted. I read it as a $5.00 Dinar (RV) sorry about that. That thought sure can get your heart racing though. LOL

Oh, God sorry! lol Yea, I'll bet you did have a little flutter!!

Thursday, October 26, 2006

1 Iraqi Dinar = 0.0007124 US Dollar
1 US Dollar (USD) = 1403.80 Iraqi Dinar (IQD)

Learn about the new Iraqi Dinar
Median price = 0.0006532 / 0.0007124 (bid/ask)
Minimum price = 0.0006532 / 0.0007124
Maximum price = 0.0006532 / 0.0007124

Business News

Originally Posted by $onedaysoon$

Thursday, October 26, 2006

1 Iraqi Dinar = 0.0007124 US Dollar
1 US Dollar (USD) = 1403.80 Iraqi Dinar (IQD)

Learn about the new Iraqi Dinar
Median price = 0.0006532 / 0.0007124 (bid/ask)
Minimum price = 0.0006532 / 0.0007124
Maximum price = 0.0006532 / 0.0007124

Business News

Is this the best rate we've seen yet?

Originally Posted by One Oar

Is this the best rate we've seen yet?

I believe so.

Wanna get a second opinion on this. Alsabaah hasn't updated yet, correct? How many days has it been? And whats with CBI not updating since the 22nd? Am I in error to think this? Am I seeing it wrong?

But dealing in the market on the basis of supply and demand, this means that speculators small dealers with any citizen would have very high profits for this reason any of supply and demand..And the expectations of market prices between the observer that the dollar exchange rate in the auction, the central place in the Central Bank of Iraq finally began to retreat before the Iraqi dinar,

retreat Before the Iraqi dinar.......I read this to mean if they put the dinar on the open market and let suply and demand drive it......It will go "back" (retreat) to the ( back to value of the dinat before ) "value" as before of the "dinar "


A sudden rise of the dollar exchange rate in Iraq
بسبب عطلة العيدBecause of holiday
المصدر : الشرق الأوسط - 24/10/2006Source : Middle East-24 / 10 / 2006



تباينت اسعار صرف الدولار الاميركي بين البنك المركزي العراقي والاسواق المحلية خاصة بعد ان توقف المزاد الرسمي لبيع العملات عن الانعقاد ولمدة عشرة ايام بسبب عيد الفطر.Varied in the dollar exchange rate between the American Central Bank of Iraq and domestic markets, especially after the official stopped the auction to sell currencies to convene for a period of ten days because of Eid al-Fitr.
واكد المراقبون لسوق العملات ان أي مناسبة يتخللها عطل رسمية وخاصة المستمرة لعدة ايام من شأنها ان ترفع قيمة الدولار الاميركي مقابل الدينار العراقي لكن بفارق محدود لا يتجاوز في اشد الحالات 1500 دينار للدولار وذلك لأن مثل هذه الزيادات حسب رأي بعض المضاربين ستكون مؤقته، وهم يتخوفون من البنك المركزي العراقي الذي وقف كصمام امان للدينار العراقي والسوق.The observers of the currency market that any appropriate punctuated by public holidays and special continuing for several days is expected to raise the value of the American dollar against the Iraqi dinar but the difference is limited only in the most serious cases of 1500 dinars to the dollar, because such increases in the view of some speculators will be temporary, They fear from the Iraqi Central Bank by stopping safety valve of the Iraqi dinar and the market. ولو رأى البنك ان السوق ارتفع وكما حدث هذا فعلا قبل عام ونصف العام فسيقطع عطلته ليبدأ بطرح كميات كبيرة من العملة الصعبة للسوق وبشكل مباشر وباسعار اقل بكثير من سعر التداول ولهذا نرى اكثر المضاربين متخوفين من الاحتفاظ بكميات كبيرة داخل حقائبهم مخافة تعرضهم للخسارة.Even the view that the bank market rose as the case already before this year and a half it would go a vacation to begin offering large amounts of hard currency on the market and directly and at prices lower than the price of this transaction and believe more speculators nervous about keeping large quantities within their bags due to the risk of loss. لكن يتم التعامل في السوق على اساس العرض والطلب وهذا يعني ان المضاربين الصغار أي المتعاملين مع المواطن سيحقق ارباحا عالية جدا لهذا السبب أي العرض والطلب.But dealing in the market on the basis of supply and demand, this means that speculators small dealers with any citizen would have very high profits for this reason any of supply and demand. وعن توقعاتهم لأسعار السوق بين المراقب أن أسعار الدولار في المزاد المركزي المقام في البنك المركزي العراقي بدأ أخيرا بالتراجع أمام الدينار العراقي لان البنك بدأ يطرح كميات ضخمة من الدولار بسبب احتياج الحكومة للنقد المحلي خاصة أن حجم الاستهلاك الحكومي زاد أخيرا وهذا يتطلب تأمين تلك الصرفيا ت عن طريق المزاد.And the expectations of market prices between the observer that the dollar exchange rate in the auction, the central place in the Central Bank of Iraq finally began to retreat before the Iraqi dinar, as the bank began raises huge amounts of dollars because of the need of local government to criticism, especially as the volume of government consumption increased recently and this requires secure Sarvia T. through the auction. وقد ارتفع العرض أخيرا من 35 مليون دولار الى 60 مليونا في اليوم الواحد.Finally, the supply has increased from $ 35 million to $ 60 million per day.

وبدأ البنك مزاده اليومي بـ1470 دينارا للدولار بعد أن كان سعر الدولار 1477.The Bank has begun daily canteen in his possession at 1470 dinars to the dollar after the dollar in 1477. أما داخل الاسواق فنرى أن المتعاملين مع المواطن لا يتأثرون بالانخفاض المفاجئ فيما يسارعون الى رفع اسعارهم مع الزيادة وبنفس اللحظة وعليه يتوقع ان يرتفع الطلب خلال هذه العشرة ايام والتي سيغيب عنها البنك المركزي العراقي ولكن بنسب غير قوية.As in the markets believe that dealing with citizen not affected sudden decline in rushing to raise prices with the increase and the same moment, and it is expected to increase demand during these ten days, which would not be attended by the Central Bank of Iraq, but is disproportionately strong. وعن آخر جلسة رسمية للبنك، بين مدير المزاد في البنك ان السعر الذي رسا عليه المزاد بيعا كان 1470 دينارا للدولار، وقبل البنك بسعر المزاد بحسب رغبة المشترين وقام ببيع 43.8 مليون دولار وبنفس الاسعار وكانت الكمية المباعة نقدا الى المصارف وزبائنه 18.690 مليون دولار وبسعر 1470 يضاف لها 11 نقطة كفارق اسعار ونسب ربحية.And the last formal meeting of the bank, among the auction manager in the bank that the rate at which the yacht by the auction sale was 1470 dinars to the dollar, Before the bank at the auction, according to the desire of buyers and the sale of 43.8 million at the same prices and the quantity sold in cash to banks and clients to 18.690 million in 1470 and the rate of addition to a difference of 11 points prices and profitability ratios. أما الكمية المباعة لاجراء الحوالات الى خارج العراق فكانت 25 مليون دولار وبسعر 1470 دينارا.The quantity sold for money out of Iraq was $ 25 million, at 1470 dinars. وهذا يعني ان مبالغ الحوالات ارتفعت عن كميات البيع للمصارف وهذا يعود الى زيادة الطلب على التحويل خاصة بعد ازدياد الحاجة على تبرئة ذمة الشركات المتعاملة مع الخارج وبدء مرحلة الاعمار في العراق.This means that the amounts of money went on sale quantities of banks and this is due to the increased demand for conversion, especially after the increased need to acquit the companies collaborating with the outside world and the start of the reconstruction phase in Iraq.

Bush tells US ‘I’m not happy with Iraq’
By Caroline Daniel in Washington

Published: October 25 2006 18:56 | Last updated: October 25 2006 23:48

President George W. Bush on Wednesday sought to align himself with US public opinion when he said he was “not satisfied either” with rising violence in Iraq. But he warned that US troops were needed to “prevent a full-scale civil war”.

Although Mr Bush said he had no intention of “standing in the crossfire between rival factions in Iraq”, officials and analysts in the Middle East – and some Republican loyalists – are saying US troops already face that direct challenge.



In a sombre press conference on Wednesday, the president spent nearly 15 minutes in an opening statement trying to knit together often-contradictory arguments.

He moved from expressing “serious concern” about Iraq, while emphasising progress was being made, to being resolute about the ultimate outcome in the country but flexible about military tactics to attain that end.

He stressed his role as commander-in-chief – “the ultimate accountability rests with me” – even as he deferred to the commanders on the ground to dictate troop levels.

The Bush administration has consistently rejected timetables for withdrawal, accusing proponents of being defeatists. However, on Tuesday US officials said the Iraqis should take full control of security within 18 months. The Iraqis had “committed themselves to a timetable for making some of those decisions”, said *Zalmay Khalizad, US ambassador to Iraq.

Although Mr Bush for the first time embraced the idea of “benchmarks”, saying they would make victory more likely, he continued to assert he did not support a fixed timetable. There were “significant differences between benchmarks for a government to achieve and a timetable for withdrawal”, he said.

The press conference marked Mr Bush’s latest attempt to control the debate about Iraq, amid mounting criticism even from Republican loyalists. The administration has struggled to redefine both the terms and goals of its engagement in Iraq. On Monday, officials said they would stop using the phrase “stay the course”.

The concept of victory in Iraq has been scaled back, to an Iraq that can “defend, govern and sustain itself”. Mr Bush acknowledged the US’s most immediate goal was “to prevent a full-scale civil war from happening in the first place”.

That is some way from the definitions set out in November in the Victory in Iraq document. It said the short-term view of victory was an “Iraq that is making steady progress in fighting terrorists, meeting political milestones, building democratic institutions, and standing up security forces”. The medium-term goal was to have a “fully constitutional government in place”.

Mr Bush said he would consider any “proposal that will help us achieve victory” but declined to say whether he would directly engage with Iran and Syria to resolve tensions.

“Iran and Syria understand full well that the world expects them to help Iraq,” he said.

Mr Bush offered his *support to two embattled figures. He said Nouri al-Maliki, prime minister, was “the right man to achieve the goal in Iraq”, and called Donald Rumsfeld, secretary of defence, “a smart, tough, capable administrator”.

Copyright The Financial Times Limited 2006

Originally Posted by goldraker

A sudden rise of the dollar exchange rate in Iraq
بسبب عطلة العيدBecause of holiday
المصدر : الشرق الأوسط - 24/10/2006Source : Middle East-24 / 10 / 2006



تباينت اسعار صرف الدولار الاميركي بين البنك المركزي العراقي والاسواق المحلية خاصة بعد ان توقف المزاد الرسمي لبيع العملات عن الانعقاد ولمدة عشرة ايام بسبب عيد الفطر.Varied in the dollar exchange rate between the American Central Bank of Iraq and domestic markets, especially after the official stopped the auction to sell currencies to convene for a period of ten days because of Eid al-Fitr.
واكد المراقبون لسوق العملات ان أي مناسبة يتخللها عطل رسمية وخاصة المستمرة لعدة ايام من شأنها ان ترفع قيمة الدولار الاميركي مقابل الدينار العراقي لكن بفارق محدود لا يتجاوز في اشد الحالات 1500 دينار للدولار وذلك لأن مثل هذه الزيادات حسب رأي بعض المضاربين ستكون مؤقته، وهم يتخوفون من البنك المركزي العراقي الذي وقف كصمام امان للدينار العراقي والسوق.The observers of the currency market that any appropriate punctuated by public holidays and special continuing for several days is expected to raise the value of the American dollar against the Iraqi dinar but the difference is limited only in the most serious cases of 1500 dinars to the dollar, because such increases in the view of some speculators will be temporary, They fear from the Iraqi Central Bank by stopping safety valve of the Iraqi dinar and the market. ولو رأى البنك ان السوق ارتفع وكما حدث هذا فعلا قبل عام ونصف العام فسيقطع عطلته ليبدأ بطرح كميات كبيرة من العملة الصعبة للسوق وبشكل مباشر وباسعار اقل بكثير من سعر التداول ولهذا نرى اكثر المضاربين متخوفين من الاحتفاظ بكميات كبيرة داخل حقائبهم مخافة تعرضهم للخسارة.Even the view that the bank market rose as the case already before this year and a half it would go a vacation to begin offering large amounts of hard currency on the market and directly and at prices lower than the price of this transaction and believe more speculators nervous about keeping large quantities within their bags due to the risk of loss. لكن يتم التعامل في السوق على اساس العرض والطلب وهذا يعني ان المضاربين الصغار أي المتعاملين مع المواطن سيحقق ارباحا عالية جدا لهذا السبب أي العرض والطلب.But dealing in the market on the basis of supply and demand, this means that speculators small dealers with any citizen would have very high profits for this reason any of supply and demand. وعن توقعاتهم لأسعار السوق بين المراقب أن أسعار الدولار في المزاد المركزي المقام في البنك المركزي العراقي بدأ أخيرا بالتراجع أمام الدينار العراقي لان البنك بدأ يطرح كميات ضخمة من الدولار بسبب احتياج الحكومة للنقد المحلي خاصة أن حجم الاستهلاك الحكومي زاد أخيرا وهذا يتطلب تأمين تلك الصرفيا ت عن طريق المزاد.And the expectations of market prices between the observer that the dollar exchange rate in the auction, the central place in the Central Bank of Iraq finally began to retreat before the Iraqi dinar, as the bank began raises huge amounts of dollars because of the need of local government to criticism, especially as the volume of government consumption increased recently and this requires secure Sarvia T. through the auction. وقد ارتفع العرض أخيرا من 35 مليون دولار الى 60 مليونا في اليوم الواحد.Finally, the supply has increased from $ 35 million to $ 60 million per day.

وبدأ البنك مزاده اليومي بـ1470 دينارا للدولار بعد أن كان سعر الدولار 1477.The Bank has begun daily canteen in his possession at 1470 dinars to the dollar after the dollar in 1477. أما داخل الاسواق فنرى أن المتعاملين مع المواطن لا يتأثرون بالانخفاض المفاجئ فيما يسارعون الى رفع اسعارهم مع الزيادة وبنفس اللحظة وعليه يتوقع ان يرتفع الطلب خلال هذه العشرة ايام والتي سيغيب عنها البنك المركزي العراقي ولكن بنسب غير قوية.As in the markets believe that dealing with citizen not affected sudden decline in rushing to raise prices with the increase and the same moment, and it is expected to increase demand during these ten days, which would not be attended by the Central Bank of Iraq, but is disproportionately strong. وعن آخر جلسة رسمية للبنك، بين مدير المزاد في البنك ان السعر الذي رسا عليه المزاد بيعا كان 1470 دينارا للدولار، وقبل البنك بسعر المزاد بحسب رغبة المشترين وقام ببيع 43.8 مليون دولار وبنفس الاسعار وكانت الكمية المباعة نقدا الى المصارف وزبائنه 18.690 مليون دولار وبسعر 1470 يضاف لها 11 نقطة كفارق اسعار ونسب ربحية.And the last formal meeting of the bank, among the auction manager in the bank that the rate at which the yacht by the auction sale was 1470 dinars to the dollar, Before the bank at the auction, according to the desire of buyers and the sale of 43.8 million at the same prices and the quantity sold in cash to banks and clients to 18.690 million in 1470 and the rate of addition to a difference of 11 points prices and profitability ratios. أما الكمية المباعة لاجراء الحوالات الى خارج العراق فكانت 25 مليون دولار وبسعر 1470 دينارا.The quantity sold for money out of Iraq was $ 25 million, at 1470 dinars. وهذا يعني ان مبالغ الحوالات ارتفعت عن كميات البيع للمصارف وهذا يعود الى زيادة الطلب على التحويل خاصة بعد ازدياد الحاجة على تبرئة ذمة الشركات المتعاملة مع الخارج وبدء مرحلة الاعمار في العراق.This means that the amounts of money went on sale quantities of banks and this is due to the increased demand for conversion, especially after the increased need to acquit the companies collaborating with the outside world and the start of the reconstruction phase in Iraq.

hmm, doesn't make much sence to me... sounds like the value is about to go down a bit.

Originally Posted by Adster

This is what they're offering now. Once we have our r/v they'll change the amount. No big deal.

Yes I see what you mean, however would they give someone a reward right now of a few million knowing that soon it MIGHT be worth a few million dollars? Thats the part Im wondering about

Originally Posted by Onenomad

Yes I see what you mean, however would they give someone a reward right now of a few million knowing that soon it MIGHT be worth a few million dollars? Thats the part Im wondering about

Even if an RV is in the works. Very few people would be privy to that info......