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

[QUOTE=dinartank;132894]

Originally Posted by CharmedPiper

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..

yep!!

[QUOTE=dinartank;132894]

Originally Posted by CharmedPiper

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..

yep!!

The Record - Challenges, compromise and course change ahead

U.S. power shift worries Iraqi leaders - Los Angeles Times

Modbee.com | The Modesto Bee

The Record - Challenges, compromise and course change ahead

U.S. power shift worries Iraqi leaders - Los Angeles Times

Modbee.com | The Modesto Bee

Voices of Iraq: Sunnis-Withdrawal
كتب: nadioshka في يوم الخميس, 09 نوفمبر, 2006 - 06:36 PM BT

Sunnis-WithdrawalSunni politicians call for withdrawal from political process By Dergham Mohammed AliBaghdad, Nov 9, (VOI) – Two leading Sunni politicians called on Thursday for a withdrawal from the political process and accused the government of reneging on earlier promises."The reasons for withdrawing from the political process are the policy of deliberate alienation, double standards and the use of emergency laws to create violence in addition to penetration of state bodies and failure to carry out the government's political program and sharing power," Abdul-Nasser al-Janabi of the National Dialogue Front (NDF) told a news conference."Staying in the political process is useless," Salman al-Jameeli of the Sunni umbrella Iraqi Accordance Front told the independent news agency Voices of Iraq (VOI) by telephone."The presence of the Accordance Front in the government is a legal pretext for battering the Iraqi people," Janabi said, reading from a statement."The civil war does exist but is not declared for political reasons," he added.Jameeli accused the government of failing to honor commitments relating to security and balancing influence in state bodies to avoid domination of one faction over the others."Change in the political process is unavoidable… There are many scenarios for change but the most important and the closest is reform through the government," he said."The Front has said before it would resort to arms after exploring all political means," he added.

Sunnis-Withdrawal :: Aswat al Iraq :: Aswat al Iraq

Voices of Iraq: Sunnis-Withdrawal
كتب: nadioshka في يوم الخميس, 09 نوفمبر, 2006 - 06:36 PM BT

Sunnis-WithdrawalSunni politicians call for withdrawal from political process By Dergham Mohammed AliBaghdad, Nov 9, (VOI) – Two leading Sunni politicians called on Thursday for a withdrawal from the political process and accused the government of reneging on earlier promises."The reasons for withdrawing from the political process are the policy of deliberate alienation, double standards and the use of emergency laws to create violence in addition to penetration of state bodies and failure to carry out the government's political program and sharing power," Abdul-Nasser al-Janabi of the National Dialogue Front (NDF) told a news conference."Staying in the political process is useless," Salman al-Jameeli of the Sunni umbrella Iraqi Accordance Front told the independent news agency Voices of Iraq (VOI) by telephone."The presence of the Accordance Front in the government is a legal pretext for battering the Iraqi people," Janabi said, reading from a statement."The civil war does exist but is not declared for political reasons," he added.Jameeli accused the government of failing to honor commitments relating to security and balancing influence in state bodies to avoid domination of one faction over the others."Change in the political process is unavoidable… There are many scenarios for change but the most important and the closest is reform through the government," he said."The Front has said before it would resort to arms after exploring all political means," he added.

Sunnis-Withdrawal :: Aswat al Iraq :: Aswat al Iraq

Originally Posted by MrsCK

friday - FIL & RV
saturday - we party
sunday - 10K handed out
monday - WE CASH IN!!!

Hope this helps everybody!!

FEEL THAT FARM JIG FIX'N TO HAPPEN!!!!!!!!!!!!

Uh, do you have a link?

Sorry I could not resist.

Keep it coming!

OSOK

Originally Posted by MrsCK

friday - FIL & RV
saturday - we party
sunday - 10K handed out
monday - WE CASH IN!!!

Hope this helps everybody!!

FEEL THAT FARM JIG FIX'N TO HAPPEN!!!!!!!!!!!!

Uh, do you have a link?

Sorry I could not resist.

Keep it coming!

OSOK

I see that there are 40 members "ON". May I please ask what are your thoughts...is it going to rv this weekend, this week, this year...five/ ten years...I would love to know your thoughts and why??? I am in a "downer mode" and would love to be uplifted....or feel validated???

I see that there are 40 members "ON". May I please ask what are your thoughts...is it going to rv this weekend, this week, this year...five/ ten years...I would love to know your thoughts and why??? I am in a "downer mode" and would love to be uplifted....or feel validated???