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

Originally Posted by kiko

Good day you all.

Good news and statements are coming out more and more that are pointing to the RV.

Inflation was 70% that is a concern. I agree on Adster that we must place a doubt with the latest statement of Shabibi that the inflation was reduced to 50%.

I think this inflation is still so high and they have to tackle it. They must give the Iraqi people their jobs back.

The only way to do this is to open up for foreign investment, improve your oil production and create a lot of jobs in other sectors with the oil revenue.

For realising this they NEED an International Currency with a realistic exchange rate.

They know what to do and they will do it. We don't hear anything to prevent further speculation, but I believe that we will be surprised this week.

The best moment to do it in my eyes it to do it today after being closed from last friday and the start of the 10,000 handout.
Good luck to us all!

I am with you Kiko.....today has got to be the day.....

Originally Posted by CharmedPiper

I am with you Kiko.....today has got to be the day.....

Let's hope so Charmed. I think we are all ready for it!

Originally Posted by bubbajr

Do you all remember that fsndirector had commented about the same thing of a millitary person, trying to buy more and they would not sell to him either.
Something is happening but what?

Exactly. That makes two different sources backing up the same story!!

Coincedence. I THINK NOT.

Announcement No.(800)

D.G. of Foreign Exchange Control

The 800 daily currency auction was held in the Central Bank of Iraq day Tuesday 2006 / 11/ 7 so the results were as follows :

Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1468 -----
Auction price buying dinar / US $ 1466 -----
Amount sold at auction price (US $) 109.150.000 -----
Amount purchased at Auction price (US $) 3.000.000
Total offers for buying (US $) 109.150.000 -----
Total offers for selling (US $) 3.000.000 -----

Cash amounts sold to the bank and its customers were USD(41.650.000) at a rate of(1468+1+10=1479)IQD\USD .
The amount sold to make transfers abroad was USD (67.500.000) at a rate of (1468-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.

CBI Auction is updated but check the numbers.

Exchange rate tells 11/7 but these are still the old rates of 11/2??

Any thoughts???

(US $) 109.150.000

That's got to be highest yet!

Originally Posted by CharmedPiper

Announcement No.(800)

D.G. of Foreign Exchange Control

The 800 daily currency auction was held in the Central Bank of Iraq day Tuesday 2006 / 11/ 7 so the results were as follows :

Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1468 -----
Auction price buying dinar / US $ 1466 -----
Amount sold at auction price (US $) 109.150.000 -----
Amount purchased at Auction price (US $) 3.000.000
Total offers for buying (US $) 109.150.000 -----
Total offers for selling (US $) 3.000.000 -----

Cash amounts sold to the bank and its customers were USD(41.650.000) at a rate of(1468+1+10=1479)IQD\USD .
The amount sold to make transfers abroad was USD (67.500.000) at a rate of (1468-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.

Charmed why are still the old rates in the Daily price bulletin from the 11/2?

BAGHDAD, Nov 7 (Reuters) - A committee set up by U.S. authorities after the invasion of Iraq to purge former Baath Party officials from public life will recommend allowing most of them to take back their jobs, a senior official said on Tuesday.

Concerned about the marginalisation of Saddam Hussein's once dominant Sunni Arab minority, Washington has been pressing the Shi'ite-led Iraqi government to reform the De-Baathification Committee to transform it into what U.S. officials have called "an accountability and reconciliation programme".

Ali Faysal al-Lami, executive director of the committee, said a draft amendment to the law would be presented to parliament, reducing the number of ex-Baathists excluded from public life from 30,000 to just 1,500 senior officials.

"We are going to deliver these proposals to parliament in a few days," Lami told Reuters.

The move is a long-standing demand of Sunni Arab leaders and comes after an Iraqi court sentenced Saddam on Sunday to hang for crimes against humanity.

The committee was set up under U.S. military rule in 2003 to purge officials from Saddam's Baath Party. Critics complain too many people were affected, including vital bureaucrats and many who joined the party from necessity rather than conviction.

Disenchantment among Sunni Arabs has fuelled the insurgency against U.S.-forces and the Shi'ite- and Kurdish-dominated government of Prime Minister Nuri al-Maliki, threatening to pitch Iraq into civil war.

Lami said that if parliament approved the draft amendment, all but the 1,500 most senior former Baath Party officials would be allowed either to return to their jobs or to take retirement.

Originally Posted by kiko

Charmed why are still the old rates in the Daily price bulletin from the 11/2?

I have no idea....I don't know what to make of it....wish Adster was around???

I don't think it's that unusual for the same rate to be used from one day to the next.