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

Originally Posted by phiberoptik

i wont rule late today out how as of now its 427pm in iraq. I dont think it will but they have been known to work till the early am ..


as far a a RV friday i dont think enough private people in the world have enough dinar to make them consider putting it off to keep everyone from cashing in.. if 1/3 of the world population had some then i can see it .. but as it stands they're gotta be less than 3 million people with dinar out side of there country. but again iraq marchs to there own beat so who knows.
i think that sunday will be interesting to see what happens.

as far as the boa rumor. i wont rule it out. but something doesnt sound right. theres a rumor that it will be traded on the 13th that only one maybe two people have heard .. and then to add to that its just one branch on the east coast.. im not imspector gadget but it wouldnt be that hard to track down the source of this leak ( and rest assured someone telling this kind of info is a leak )

Good Morning - but let us not forget all the countries that have dinar in their vaults ready to spend them on oil - I am sure the Russians are hating this delay.

Have you called the IMF again? THAT WAS TO FUNNY. Also I am not just talking about the boa rumor. There is other things that have been told just not posted here for neno to clean up.

Lets see what happens between now and monday.
CHRIS

PS
Also for those that have NOT read the FIL here is the LINK

I was just wondering...I did a search back through the threads and I couldn't find the article about the 10K....last week or so...

Could anyone help me and give me the link to that article or the post # ?

I need it to see if we could do a keyword search within the smaller iraqi newspapers based on their wording in that article...and see if there are some news on the 10K...

Originally Posted by clueless

I hope you can forgive my outrage here. It may just be true that $100 per barrel oil will be good for the value of the Dinar down the road. But in the short term it will bankrupt thousands of average americans, the family farmers first in that sad line.

Are there any family farms left??

Originally Posted by kiko

correct. One of them was from fsndirector i believe. Another one was a person in Iraq that bought every week or friday dinars at the bank and was last week told that he could not buy anymore dinars because they would revalue or it was only possible after hitting the forex.

Haven't heard of this anymore, I also check for updates. found nothing yet.

Sorry if this was already posted.

The 802 daily currency auction was held in the Central Bank of Iraq day Thursday 2006 / 11/ 9 so the results were as follows :

Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1465 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 70.180.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 70.180.000 -----
Total offers for selling (US $) ------ -----

Cash amounts sold to the bank and its customers were USD(49.580.000) at a rate of(1465+1+10=1476)IQD\USD .
The amount sold to make transfers abroad was USD (20.600.000) at a rate of (1465-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.


D.G. of Investments

Daily price Bulletin buying and selling Thursday 2006/11/9

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1466.000
1465.267

European Euro
EUR
1872.815
1871.879

Sterling Pound
GBP
2793.756
2792.359

Canadian Dollar
CAD
1300.222
1299.572

Swiss Frank
CHF
1173.363
1172.777

Sweetish Krone
SEK
205.176
205.073

Norwegian Krone
NOK
227.223
227.110

Denmark Krone
DKK
251.191
251.065

Japanese Yen
JPY
12.451
12.445


The above price represent reference rate and does not from any commitment on the Central Bank of Iraq.

Originally Posted by Jola

I was just wondering...I did a search back through the threads and I couldn't find the article about the 10K....last week or so...

Could anyone help me and give me the link to that article or the post # ?

I need it to see if we could do a keyword search within the smaller iraqi newspapers based on their wording in that article...and see if there are some news on the 10K...

here is the link:

azzaman

Originally Posted by Lakeway

Are there any family farms left??

MY FARM IS IN THAT LINE

Article from 18th September still interesting though.

Economic Warfare: Iraq and the I.M.F. | Voices for Creative Nonviolence

The pension law in Iraq is also on the chopping block. In November 2005, Iraq passed a new pension law which was never implemented. This law, if implemented, would permit an employee to retire at age 50 if he / she had 25 years of employment history. The maximum pension would have been 80 percent of the worker’s final salary at the time of retirement. Under the strictures of the I.M.F., Iraq is to “reform” the pension law by the end of September 2006.

What happened to this law?

……………………


And I still like reading this..

“The ongoing insurgency and shortages of goods, as well as supply disruptions generally in the non-oil economy, will continue to put upward pressure on prices. But it remains important that the C.B.I. [Central Bank of Iraq] take decisive measures to contain it before inflationary expectations become entrenched, either by an effective tightening of monetary conditions and / or by exchange rate action. The C.B.I. will need to tighten monetary conditions further if inflation does not start to come down soon. The government can help by keeping public sector wages and pensions in line with the absorptive capacity of the small, albeit growing, non-oil economy, and by making every effort to prevent supply bottlenecks (especially in the petroleum product market) from destabilizing prices further.”

Just two snipits from the article

Originally Posted by Lakeway

Are there any family farms left??

Hello all, I agree with you 100%, and yes there are a lot of family farms left here in the states I am in the Midwest and that would be a very hard blow to are little farming community
Great luck to all!!!
Trapper

Originally Posted by kiko

here is the link:

azzaman

YOU ARE AWESOME....WAY TO GO KIKO!

2006 / 11 / 01

Trade : the distribution of grant holiday next week Baghdad-Khayoun Ahmad Saleh The farmer Abdul Sudanese Minister of Trade to grant the Feast of 10 thousand dinars for each citizen will be distributed through government and private banks, beginning next week, for three months ending on the last day of the month of January. He said in a press conference held in the office of the ministry yesterday and attended by (time) that the banks will exchange the grant is the Rafidain and Rashid banks and the civil and in accordance with the mechanism itself, which was done in exchange for permits countervailing provisions) he (the term of non-renewable). And that amounts to be distributed are 300 billion dinars, the equivalent of $ 200 million), indicating (that the ministry was currently studying the issue of the distribution of the components of the ration card as income level), he said (that accurate information about the level of income is not available in the ministry and in my opinion it does not overshadow the one-time and distributed once a stay of a to enter the Supreme The owners of some items they have incomes low-lying portion of the favorite) and on the question of children's toys instead of a culture of violence, which he said (that the ministry is drawing strong controls on that and the control of incoming materials to Iraq and knowledge of the quality and validity of consumption, we are in this area is making arrangements and measurements general internationally agreed upon agreement with the Ministries of Planning and Finance (customs), and is currently preparing general arrangements which prevent the arrival of the goods harmful to the community, including the toys that reflect the culture of violence in this country, one of the remnants of the former regime because of this culture must be wiped from the minds of this community and was changing prevail w Gafh peace and live with other private and no games, which develop the skills of children and child Kabliath directed towards building and in this regard also now cooperating with all government bodies and security agencies to prevent the entry of these games which affect the behavior of children. Azzaman International Newspaper-2536-Issue Date 02 / 11 / 2006 Newspaper (Azzaman) - The International 6253-the date 2 / 11 / 2006 AZQ01

Originally Posted by clintstella

Article from 18th September still interesting though.

Economic Warfare: Iraq and the I.M.F. | Voices for Creative Nonviolence

The pension law in Iraq is also on the chopping block. In November 2005, Iraq passed a new pension law which was never implemented. This law, if implemented, would permit an employee to retire at age 50 if he / she had 25 years of employment history. The maximum pension would have been 80 percent of the worker’s final salary at the time of retirement. Under the strictures of the I.M.F., Iraq is to “reform” the pension law by the end of September 2006.

What happened to this law?

……………………


And I still like reading this..

“The ongoing insurgency and shortages of goods, as well as supply disruptions generally in the non-oil economy, will continue to put upward pressure on prices. But it remains important that the C.B.I. [Central Bank of Iraq] take decisive measures to contain it before inflationary expectations become entrenched, either by an effective tightening of monetary conditions and / or by exchange rate action. The C.B.I. will need to tighten monetary conditions further if inflation does not start to come down soon. The government can help by keeping public sector wages and pensions in line with the absorptive capacity of the small, albeit growing, non-oil economy, and by making every effort to prevent supply bottlenecks (especially in the petroleum product market) from destabilizing prices further.”

Just two snipits from the article

Posted this also. It is a great article that tells it all.