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

Originally Posted by badboy

I'm with the guy that has been hyped up for months over this Soon thing its seems that every law & condition has been met is there bus loads of investors from around the world in Iraq right now fianlizing deals to invest in Iraq "s Oil, Agriculture & various business ventures Stabucks, Mcdonalds , Pepsi are these guys operating freely there now?
Also has anyone heard anything about Freedinar lately they missed the last 2weeks on there calls are they & other dealer not selling dinar I know the guys at E-bay haven't changed anything infact I've seen Dinar going cheaper now than it did this summer.. Don't get me wrong I'm still positive about this just confused that if things are going so good where are the signs . I do see the news articles but not any public action if you know what I mean. I don't post much but I talk to myself alot out loud I'm I losing it?

Announcement No.(810)

D.G. of Foreign Exchange Control

The 810 daily currency auction was held in the Central Bank of Iraq day Tuesday 2006 / 11/ 21 so the results were as follows :

Details Notes
Number of banks 15 -----
Auction price selling dinar / US $ 1446 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 50.115.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 50.115.000 -----
Total offers for selling (US $) ------ -----

Plus Apollo (Dan), Posted that there was no call and posted at Rolclub for us of what was on his mind. It will be in the 'History Thread".

Will there be any advantage to having the lower denomination notes over the higher 25k notes? I'm fixing to buy a M or so, and I doubt there'll be any problem w/ having the 25k notes in the future after the r/v, but just wanted to see if you folks thought the same thing, dinar is dinar no matter the denomination of the note.

Originally Posted by neno

Announcement No.(810)

D.G. of Foreign Exchange Control

The 810 daily currency auction was held in the Central Bank of Iraq day Tuesday 2006 / 11/ 21 so the results were as follows :

Details Notes
Number of banks 15 -----
Auction price selling dinar / US $ 1446 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 50.115.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 50.115.000 -----
Total offers for selling (US $) ------ -----

Plus Apollo (Dan), Posted that there was no call and posted at Rolclub for us of what was on his mind. It will be in the 'History Thread".

Sorry if I look ignorant in asking....but does that mean that the CBI bought back 50 million USD worth of IQD today alone???

Originally Posted by twins0203

Will there be any advantage to having the lower denomination notes over the higher 25k notes? I'm fixing to buy a M or so, and I doubt there'll be any problem w/ having the 25k notes in the future after the r/v, but just wanted to see if you folks thought the same thing, dinar is dinar no matter the denomination of the note.

You are right about the dinar is dinar. Plus when exchanging for the 25k's it is cheaper. I have a few Million and most are in the 25k's. I just wanted some of the others just to have them. Ok, Cool.

Originally Posted by DinarLady

Sorry if I look ignorant in asking....but does that mean that the CBI bought back 50 million USD worth of IQD today alone??? :help

That is the way I read it. More out of circulation I presume. Wm. Knowles has stressed on this to be what we all want to happen. Makes sense in my Opinion.

Originally Posted by neno

That is the way I read it. More out of circulation I presume. Wm. Knowles has stressed on this to be what we all want to happen. Makes sense in my Opinion.

That is a HUGEamount of dinar. Can someone do the math on that. Mine's not that good. Is this the biggest IQD buying day yet??

Originally Posted by neno

You are right about the dinar is dinar. Plus when exchanging for the 25k's it is cheaper. I have a few Million and most are in the 25k's. I just wanted some of the others just to have them. Ok, Cool.

Originally Posted by DinarLady

That is a HUGEamount of dinar. Can someone do the math on that. Mine's not that good. Is this the biggest IQD buying day yet??

Last week I believe the Gang figured 1.1 Trillion was bought and removed from Circulation. It is all in the "History Thread". If I remember right two days were close if not at a 100 million $ range.

Originally Posted by neno

Last week I believe the Gang figured 1.1 Trillion was bought and removed from Circulation. It is all in the "History Thread". If I remember right two days were close if not at a 100 million $ range.

I was just wondering what today alone was removed...out of curiosity. Give me the formula and I'll do my own math.

Originally Posted by DinarLady

I was just wondering what today alone was removed...out of curiosity. Give me the formula and I'll do my own math.

Well, 1USD = 1446 nid's. From Central Bank Of Iraq below:

1. Cash amounts sold to the bank and its customers were USD(15.345.000) at a rate of(1446+1+10=1457)IQD\USD.

2.The amount sold to make transfers abroad was USD (34.770.000) at a rate of (1446-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.