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

Originally Posted by MrsCK

It's saying this is OUR GAME PLAN under this program: Iraq's National Developement Strategy. So it is a good find - we can read it and check off what they have gotten done.

That's right. That is THE PLAN. The plan that we see being somewhat applied.

Listen people, on the other hand, I went to webster.com and did a search on
"enacted", as this word was hunting me - referring to the FIL.

And here it is:
enact
One entry found for enact.
Main Entry: en·act
Pronunciation: i-'nakt
Function: transitive verb
1 : to establish by legal and authoritative act; specifically : to make (as a bill) into law
2 : ACT OUT <enact a role>
- en&#183;ac&#183;tor /-'nak-t&r/ noun


...so, in my opinion now, IT IS NOT THE SAME WITH " APPLIED, IMPLEMENTED"

..you see where I am coming from?

They need to publish it in order to make it " a law" . Until then, IT IS NOT OFFICIALLY A LAW. That's what enacted means.

In my English - " enacted" meant " in act, applied, put into action" . It is not that though.
I thought I would post this since I know there is some confusion regarding this " enacted FIL" darn expression.

Whatever articles say that " FIL was enacted" are wrong, because we KNOW it was not published into any official gazette or media yet.

Originally Posted by MrsCK

It's saying this is OUR GAME PLAN under this program: Iraq's National Developement Strategy. So it is a good find - we can read it and check off what they have gotten done.

That's right. That is THE PLAN. The plan that we see being somewhat applied.

Listen people, on the other hand, I went to webster.com and did a search on
"enacted", as this word was hunting me - referring to the FIL.

And here it is:
enact
One entry found for enact.
Main Entry: en&#183;act
Pronunciation: i-'nakt
Function: transitive verb
1 : to establish by legal and authoritative act; specifically : to make (as a bill) into law
2 : ACT OUT <enact a role>
- en&#183;ac&#183;tor /-'nak-t&r/ noun


...so, in my opinion now, IT IS NOT THE SAME WITH " APPLIED, IMPLEMENTED"

..you see where I am coming from?

They need to publish it in order to make it " a law" . Until then, IT IS NOT OFFICIALLY A LAW. That's what enacted means.

In my English - " enacted" meant " in act, applied, put into action" . It is not that though.
I thought I would post this since I know there is some confusion regarding this " enacted FIL" darn expression.

Whatever articles say that " FIL was enacted" are wrong, because we KNOW it was not published into any official gazette or media yet.

Ok, here is an update from the other forum about the BoA selling on the 13th.

"If you want to buy dinar from BOA I would suggest that you go to a branch on the 13th of November and walk up to a teller and ask to purchase foreign currency, when you are asked which currency say IQD, no need to mention Iraq. If your branch says they are not selling it then ask the manager to call 800-841-4000 and ask to be put in touch with any of the New York branches so they may speak to a manager at that location so they can help him purchase for a currency sell.

I'm aware of the bashing of the information and could care less as it is coming from someone who has never once been right about anything and changes the reason why it didn't happen everytime they post."

Well we will know it monday!

Ok, here is an update from the other forum about the BoA selling on the 13th.

"If you want to buy dinar from BOA I would suggest that you go to a branch on the 13th of November and walk up to a teller and ask to purchase foreign currency, when you are asked which currency say IQD, no need to mention Iraq. If your branch says they are not selling it then ask the manager to call 800-841-4000 and ask to be put in touch with any of the New York branches so they may speak to a manager at that location so they can help him purchase for a currency sell.

I'm aware of the bashing of the information and could care less as it is coming from someone who has never once been right about anything and changes the reason why it didn't happen everytime they post."

Well we will know it monday!

Originally Posted by kiko

Ok, here is an update from the other forum about the BoA selling on the 13th.

"If you want to buy dinar from BOA I would suggest that you go to a branch on the 13th of November and walk up to a teller and ask to purchase foreign currency, when you are asked which currency say IQD, no need to mention Iraq. If your branch says they are not selling it then ask the manager to call 800-841-4000 and ask to be put in touch with any of the New York branches so they may speak to a manager at that location so they can help him purchase for a currency sell.

I'm aware of the bashing of the information and could care less as it is coming from someone who has never once been right about anything and changes the reason why it didn't happen everytime they post."

Well we will know it monday!

Hmmmmm...that's fine...but I'm more interested in SELLING my IQD! THAT'S what I think the majority of us would like to know....When can we SELL IQD to BoA! lol!

Originally Posted by kiko

Ok, here is an update from the other forum about the BoA selling on the 13th.

"If you want to buy dinar from BOA I would suggest that you go to a branch on the 13th of November and walk up to a teller and ask to purchase foreign currency, when you are asked which currency say IQD, no need to mention Iraq. If your branch says they are not selling it then ask the manager to call 800-841-4000 and ask to be put in touch with any of the New York branches so they may speak to a manager at that location so they can help him purchase for a currency sell.

I'm aware of the bashing of the information and could care less as it is coming from someone who has never once been right about anything and changes the reason why it didn't happen everytime they post."

Well we will know it monday!

Hmmmmm...that's fine...but I'm more interested in SELLING my IQD! THAT'S what I think the majority of us would like to know....When can we SELL IQD to BoA! lol!

Originally Posted by kiko

Ok, here is an update from the other forum about the BoA selling on the 13th.

"If you want to buy dinar from BOA I would suggest that you go to a branch on the 13th of November and walk up to a teller and ask to purchase foreign currency, when you are asked which currency say IQD, no need to mention Iraq. If your branch says they are not selling it then ask the manager to call 800-841-4000 and ask to be put in touch with any of the New York branches so they may speak to a manager at that location so they can help him purchase for a currency sell.

I'm aware of the bashing of the information and could care less as it is coming from someone who has never once been right about anything and changes the reason why it didn't happen everytime they post."

Well we will know it monday!

I would also imagine if this proves out that BofA would also list the dinar here as well:

Bank of America | Please Select Your State

Lets hope so

Originally Posted by kiko

Ok, here is an update from the other forum about the BoA selling on the 13th.

"If you want to buy dinar from BOA I would suggest that you go to a branch on the 13th of November and walk up to a teller and ask to purchase foreign currency, when you are asked which currency say IQD, no need to mention Iraq. If your branch says they are not selling it then ask the manager to call 800-841-4000 and ask to be put in touch with any of the New York branches so they may speak to a manager at that location so they can help him purchase for a currency sell.

I'm aware of the bashing of the information and could care less as it is coming from someone who has never once been right about anything and changes the reason why it didn't happen everytime they post."

Well we will know it monday!

I would also imagine if this proves out that BofA would also list the dinar here as well:

Bank of America | Please Select Your State

Lets hope so

[QUOTE=CharmedPiper;132852]Okay, now I am really confused. I found this article dated June 7, 2006 and according to it the NID is fully convertible and freely traded....Somebody want to explain this to me because now I am just lost.....



CURRENCY CONVERSION AND TRANSFER POLICIES

The currency of Iraq is the Dinar (ID - sometimes referred to as the New Iraqi Dinar). Iraq's current exchange system is characterized as a free foreign exchange system, with no restrictions on purchases or sales of foreign currencies. The Iraqi currency is fully convertible and can be exchanged freely with any other currency. In addition, there is free movement of capital without restrictions on capital inflows and outflows. Iraq's foreign exchange regime is also a multi-currency system in which foreign currencies circulate in the market and are accessible to everyone.
The exchange rate is generally determined on the basis of supply and demand conditions in the foreign exchange market. Banks may engage in spot transactions in any currency, but are not allowed to engage in forward transactions in Iraqi Dinar for speculative purposes. The Central Bank of Iraq (CBI) also can intervene, when necessary, in order to maintain stability in the foreign exchange market. In addition, there are no taxes or subsidies on purchases or sales of foreign exchange.

The Government of Iraq's monetary policy since 2003 has focused on maintaining price stability and a stable exchange rate. In addition, the Central Bank of Iraq conducts daily foreign exchange auctions to limit the impact on base money growth of the sale of the government's oil export earnings.


Charmed i posted about this a few weeks back with the link .. about how the dinar is full convertable....and the concencus was yes its full convertable but the currency has some restrictions on it and thats what Article 5 or 7 the recent one that we still dont know if its been passed was all about.... lifting restrictions on the currency........AM I RIGHT SGS ...cause i remember discussing this with you..

[QUOTE=CharmedPiper;132852]Okay, now I am really confused. I found this article dated June 7, 2006 and according to it the NID is fully convertible and freely traded....Somebody want to explain this to me because now I am just lost.....



CURRENCY CONVERSION AND TRANSFER POLICIES

The currency of Iraq is the Dinar (ID - sometimes referred to as the New Iraqi Dinar). Iraq's current exchange system is characterized as a free foreign exchange system, with no restrictions on purchases or sales of foreign currencies. The Iraqi currency is fully convertible and can be exchanged freely with any other currency. In addition, there is free movement of capital without restrictions on capital inflows and outflows. Iraq's foreign exchange regime is also a multi-currency system in which foreign currencies circulate in the market and are accessible to everyone.
The exchange rate is generally determined on the basis of supply and demand conditions in the foreign exchange market. Banks may engage in spot transactions in any currency, but are not allowed to engage in forward transactions in Iraqi Dinar for speculative purposes. The Central Bank of Iraq (CBI) also can intervene, when necessary, in order to maintain stability in the foreign exchange market. In addition, there are no taxes or subsidies on purchases or sales of foreign exchange.

The Government of Iraq's monetary policy since 2003 has focused on maintaining price stability and a stable exchange rate. In addition, the Central Bank of Iraq conducts daily foreign exchange auctions to limit the impact on base money growth of the sale of the government's oil export earnings.


Charmed i posted about this a few weeks back with the link .. about how the dinar is full convertable....and the concencus was yes its full convertable but the currency has some restrictions on it and thats what Article 5 or 7 the recent one that we still dont know if its been passed was all about.... lifting restrictions on the currency........AM I RIGHT SGS ...cause i remember discussing this with you..