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

Originally Posted by Adster

This is better.

1.61 US Dollar (USD) = 1 Iraqi Dinar (IQD)

no, this is.

After picking up my bundle at the bank today, I was informed by the bank that I couldn't order any for a while. Manager said Bank ran out and took it off their screen. I ask when? They didn't know if they could get any more! Looks like I will have to find another source??

OK guys (and gals), I might be way off base here but I've been thinking about this all day and have come to a conclusion. The more I think about this, the more I think that they will peg to the dollar and not allow it to float. The reason I think this is that I think they will peg high ($1.48+) and keep it there until the security and economy come around. I don't think they will take the chance of the dinar being on the forex and dropping. If they hard peg it, they will do 2 things, first being cost of imports so the Iraqi's can stimulate the economy, second being the secutiry situation. I could be totally off base with my thinking, but that's the way I see it unfolding.

Originally Posted by cigarman

OK guys (and gals), I might be way off base here but I've been thinking about this all day and have come to a conclusion. The more I think about this, the more I think that they will peg to the dollar and not allow it to float. The reason I think this is that I think they will peg high ($1.48+) and keep it there until the security and economy come around. I don't think they will take the chance of the dinar being on the forex and dropping. If they hard peg it, they will do 2 things, first being cost of imports so the Iraqi's can stimulate the economy, second being the secutiry situation. I could be totally off base with my thinking, but that's the way I see it unfolding.

I like your thinking!

Originally Posted by cigarman

OK guys (and gals), I might be way off base here but I've been thinking about this all day and have come to a conclusion. The more I think about this, the more I think that they will peg to the dollar and not allow it to float. The reason I think this is that I think they will peg high ($1.48+) and keep it there until the security and economy come around. I don't think they will take the chance of the dinar being on the forex and dropping. If they hard peg it, they will do 2 things, first being cost of imports so the Iraqi's can stimulate the economy, second being the secutiry situation. I could be totally off base with my thinking, but that's the way I see it unfolding.

Great point!

The giant sucking sound we will all hear, is the sound of goods of every size, shape and description flooding into Iraq - if the dinar value is high enough!

Originally Posted by flockstar

$1 Usd = 1454.64 Iqd

Saturday, November 18, 2006

1 Iraqi Dinar = 0.0007183 US Dollar

1 US Dollar (USD) = 1,392.10 Iraqi Dinar (IQD)

Interbank rate +/- 0%

This means:
You buy 1 Iraqi Dinar : 0.0007183 US Dollar
You sell 1 Iraqi Dinar : 0.0006590 US Dollar
You buy 1 US Dollar : 1,392.10 Iraqi Dinar
You sell 1 US Dollar : 1,517.40 Iraqi Dinar

Originally Posted by ordinaryseawoman

So in the last few days we have articles about Japan, the Czech Republic, (I think) Slovenia, and South Korea lining up to get into Iraq's financial pants...in addition to the deals that have been made with France, Australia, China, Jordan, Iran, Russia...am I forgetting anybody??

Folks, I don't think this would not be happenning without a fully tradeable, fully convertable means of conducting business (meaning their CURRENCY) on the horizon.

Breathe in, Breathe out, now SMILE...the tide is turning...these countries will be the driving force behind our hopes and dreams!!!

South Korean Ambassador discusses his country's participation in Iraq's reconstruction
16/11/2006
Source: Translated by IRAQdirectory.com

South Korean Ambassador in Baghdad, Jank ki Hu, met with the Iraqi Minister of Construction and Housing, Bayan Dizah Yi, to discuss the contribution of Korean companies in strategic mega projects in Iraq.

An official statement said that Minister, Bayan, expressed the desire of Iraqi government for the contribution of Korean companies in implementing special projects in roads and bridges in addition to building three million residential units through the contribution of the Ministry's budget.

The Minister welcomed the signing of a cooperation document with the South Korean side in housing field, especially that Korean companies are well experienced in it.

On his part, the South Korean ambassador expressed the readiness of his country's companies to access the Iraqi markets and implement the Ministry's projects in all fields, including housing as well as roads and bridges.

Prepared & Translated By:
IRAQdirectory.com Team
Iraq Daily Business Updates

http://www.iraqdirectory.com/DisplayNews.aspx?id=2587

Originally Posted by MrsCK

HOT OFF THE PRESS: Our Friend Doug went to longview Chase Bank TODAY TO PICK UP HIS ORDER just a minute ago - showed his receipt to Chase bank teller, she said "we are not doing that anymore" - then she turned around and spoke to another lady and THAT LADY told him that he could pick up his dinar's at another place in the bank.


SO I CALLED THE BANK AFTER GETTING ABOVE CALL:
I JUST GOT OFF THE PHONE WITH THE BANK - THEY HAVE BEEN TOLD NOT TO SELL ANY MORE DINAR!!!!!!!!! And the lady didn't know why but that is what they have been told!!

FARM JIG EVERYBODY!!!!!!!

That's what I like to hear...thank you so much for posting...I am dancing I type away

Originally Posted by DayDream

Thanks Adster. I think what made it stick out for me was that just last week I was reading an article and it used the same term "categories" in reference to denominations. I have been searching frantically for THAT article but haven't been able to locate it! YET!!

Cheers!
DayDream

Good point,

I recall seeing the same thing, so we know translations are a bit tough to understand, just look at the issues over lift and lop. LOL

Good luck to all, Mike

Originally Posted by billknows

When our dinar revals at $2.27 - how do we securely transport that kind of money to a bank that can make the currency exchange?

Should we handcuff the briefcase to our wrist - then hire a limo with an armed off-duty police officer right beside us all the way to the teller's window?

..or consider keeping it in a safe deposit box AT THE BANK. Kind of reduces the transportation risk, don't you think?