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

Originally Posted by ronbo

Someone posted the other day that Iraq was NOT a member of OPEC do to their past record. Something about being inactive for 2 long or somethin like that.

Although Iraq remains a member of OPEC, Iraqi production has not been a part of any OPEC quota agreements since March 1998. Iraq is still a member of OPEC they have just been excluded from all quota decisions in recent years.

OPEC Brief

Cheers!
DayDream

Sotaliraq.com

Originally Posted by CharmedPiper

DO FILS COUNT AS SMALLER DENOMINATIONS???

they count as a breakdown of the dinar to 1000 places so you can logically call them smaller denominations. there will be other smaller denominations and im not sure they would be counting fils in when discussing the smaller denoms in that article indicating 5 other ones, as fils are universally used for small amounts such as our change. anything under a dinar will be counted as fils.

are you asking me if the article indicating that plots would be 200 fils per ft or whatever they were talking about is a good sign hell yes would be my answer. 200 fils will be 1/5 of a dinar. at todays prices thats so stupid cheap it verges on free.

Originally Posted by Treater

Cool, do you have the link? I wanna see it!

Sotaliraq.com

Originally Posted by CharmedPiper

Sotaliraq.com

DUDE!!! WOW!!! Thats the first time I have seen them refer to fils in ANY recent article talking about recent stuff!!!!!!!!! Ya! Great Find!!!

Originally Posted by shotgunsusie

200 fils will be 1/5 of a dinar

We really have not heard them talk about single dinars if you think of it (which the value of is so absurd) let alone fractions of a dinar. Do you think they know something we don't?

Originally Posted by CharmedPiper

Come on guys.....is this good....reference to 200 FILS.....????

posted by Treater,
DUDE!!! WOW!!! Thats the first time I have seen them refer to fils in ANY recent article talking about recent stuff!!!!!!!!! Ya! Great Find!!!


MY Thoughts Exactly,
WAY TO GO CHARMEDPIPER!!!!!

Will someone be so kind and translate the article for us that can't figure out how to do that? Thanks in advance.

If they are discussing items in fils.....given the fact that fils are very small denominations....am I wrong in thinking that the reval rate is much much higher than we anticipated......???

It's now just after 7:30 am in Baghdad. 1. At what time would any news come out on the CBI rate. 2. Historically has news in the Gazzett been morning or afternoon? 3. Would we expect to hear anything from an official news source for the US Government in Iraq?
Thanks to all for every post. I'll be up through the night watching the forum with great anticipation. Hope tomorrow is "Transition" for all of us.