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

I was watching Cavuto on Fox and he was talking to a Senator and the caption read "Iraq will get a RE-EVALUATION" at first I thought it said revaluation but it had the extra e and the hyphen. LOL anyone else see it?

Originally Posted by Inscrutable

I was watching Cavuto on Fox and he was talking to a Senator and the caption read "Iraq will get a RE-EVALUATION" at first I thought it said revaluation but it had the extra e and the hyphen. LOL anyone else see it?

My heart would have stopped.....

npope I missed that.

Just a quick question. So now the next item on agenda is we are waiting for enactment of the Foreign Investment Law (FIL) which should be done tomorrow. If they follow the 30 day rule after passage on 10 Oct 06.
LIT

From the imf website


3. For purposes of monitoring under the program, a program exchange rate will be used. This program exchange rate will be the U.S. dollar/Iraqi dinar exchange rate on or about August 31, 2004, as reported by the CBI (ID 1,460 per U.S. dollar). The program exchange rate will be used to convert into Iraqi dinars the U.S. dollar value of all CBI foreign assets and liabilities denominated in U.S. dollars, as required. For CBI assets and liabilities denominated in SDRs and in foreign currencies other than the U.S. dollar, they will be converted in U.S. dollars at their respective SDR-exchange rates prevailing as of August 31, 2004, as published on the IMF's website.

If they break this amount this week I will start to get real excited. There are about 15 auctions left between now and Dec 6th to get to the 1345 rate stated by IMF and we are still 121 pts away from that number. At 2 pts per day they would only drop about 30 pts (1436) which is less then the 1345 that is stated as the projected goal by December of this year. If we see it go below 1460 this week or next I think it will be because they are trying to get to 1345 by December 6th. AND....I could not find a link but I know I read it, they have a certain range they are allowed to stay within, 1470-1450, or something like that...can not remember so if anyone has that link please post it. THESE ARE JUST OPINIONS, NOT MODELS...BUT IT IS THE ONLY THING I COULD SEE THEM DOING BESIDES ACTUALLY REVALUING LIKE THEY SHOULD!!

Iraq -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, September 24, 2004
LINK

I just arrived. I am wondering if this can be solved while I go thru the thread.
The ISX Site says this:

Baghdad Time: 01:20am, 11/09/2006 ~ market is closed | $1 USD = 1469.63 IQD ^

and safedinar says this:

1468/Dinars to the US Dollar

To

1466*/Dinars to the US Dollar

* as of 11/8/2006 9:45:55 AM CST as per Central Bank of Iraq website

Kinda wondering if the ISX Site is ever correct? Thanks BBL.

"Outlaws." Two months ago, the Political Council for National Security-which includes the prime minister, the president and vice presidents, the head of parliament, and their deputies-agreed on 15 items to be accomplished between September 2006 and March 2007, ending with a referendum on constitutional amendments. The timetable has already slipped by a month, but they have made progress on two key items: The parliament passed a foreign investment law last month and is debating legislation on how the oil industry will be run and profits divided among the Shiite, Sunni, and Kurdish populations. Sumaidaie expects the measure to pass this month. The next item is revising the de-Baathification process that drove many former regime bureaucrats and soldiers into the insurgency rather than offering them incentives to support the new government.

USNews.com: Looking for Light in Iraq

Originally Posted by doublescorpio

From the imf website


3. For purposes of monitoring under the program, a program exchange rate will be used. This program exchange rate will be the U.S. dollar/Iraqi dinar exchange rate on or about August 31, 2004, as reported by the CBI (ID 1,460 per U.S. dollar). The program exchange rate will be used to convert into Iraqi dinars the U.S. dollar value of all CBI foreign assets and liabilities denominated in U.S. dollars, as required. For CBI assets and liabilities denominated in SDRs and in foreign currencies other than the U.S. dollar, they will be converted in U.S. dollars at their respective SDR-exchange rates prevailing as of August 31, 2004, as published on the IMF's website.

Anyone know what CBI assets and liabilities are denominated in SDRs??

Originally Posted by neno

I just arrived. I am wondering if this can be solved while I go thru the thread.
The ISX Site says this:

Baghdad Time: 01:20am, 11/09/2006 ~ market is closed | $1 USD = 1469.63 IQD ^

and safedinar says this:

1468/Dinars to the US Dollar

To

1466*/Dinars to the US Dollar

* as of 11/8/2006 9:45:55 AM CST as per Central Bank of Iraq website

Kinda wondering if the ISX Site is ever correct? Thanks BBL.

We tryed to be good on posts for ya neno
ameinfo site has the following:
Wednesday, November 8, 2006

1 Iraqi Dinar = 0.0007116 US Dollar
1 US Dollar (USD) = 1405.24 Iraqi Dinar (IQD)

Learn about the new Iraqi Dinar
Median price = 0.0006533 / 0.0007116 (bid/ask)
Minimum price = 0.0006526 / 0.0007107
Maximum price = 0.0006543 / 0.0007129

another huge hmmmmmmmmmmmmmm

Hi Neno,

You're not referring to Iraq Stock Exchange Data featuring Quotes, Iraqi Market News and ISX Analysis are you? That is not really an official site. This is the ISX Iraq Stock Exchange Web Site
CBI says 1466

Originally Posted by neno

I just arrived. I am wondering if this can be solved while I go thru the thread.
The ISX Site says this:

Baghdad Time: 01:20am, 11/09/2006 ~ market is closed | $1 USD = 1469.63 IQD ^

and safedinar says this:

1468/Dinars to the US Dollar

To

1466*/Dinars to the US Dollar

* as of 11/8/2006 9:45:55 AM CST as per Central Bank of Iraq website

Kinda wondering if the ISX Site is ever correct? Thanks BBL.