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

Originally Posted by CharmedPiper

Who besides me is EXCITED..I can hardly contain myself......I just feel that reval.....Sorry...I just bubbled over....COME ON REVAL..............I NEED IT TODAY!!!!!!!!

I Apreciate all the work you do you are great at digging up info and you are quite good at it. You and SGS should be detectives! But charm i do have to say that it seems like everyday that you think it is gonna RV. I do apreciate what you do and your opinions but dang sometimes i think you look to DEEP into things....but keep up the good work!

Sotaliraq.com

Translated version of http://www.sotaliraq.com/

IOL: Cheney asks Saudis for help in Iraq

Iraqi Sunnis vow to support unity government - Zawya.com | Middle East Business News

Originally Posted by $onedaysoon$

Because of the Iraqi banks have not participating into the competitive bids of T/B auction No. (48) held on 13th Nov . 2006 Accordingly MOF decided to cancel the a/m auction.

Hassan AL- Haidary

D.G of Agreement & Loans 15 / 11 / 2006

Announcement

MOF provided CBI with the schedules of Iraqi Government Treasury Bill Auctions detailed hereunder to be held for (91) days up to 31/12/2006 .





Announcement Number(47)

The Ministry of Finance is authorized under the Public Debt Law to issue obligations guaranteed by the Government of Iraq. The Central Bank of Iraq, as fiscal agent of the Ministry of Finance, is authorized to conduct auctions for Government Debt Securities on behalf of the Ministry of Finance. The Ministry of Finance issues Government Debt Securities to finance the Government of Iraq, subject to the limits of the Annual Budget Law.

To achieve this financing objective, the Ministry of Finance determined a system and mechanism for Government Debt Securities auctions that will be held periodically, with the results announced at [twelve p.m] in the morning after the close of the auction at [one p.m]

Auction Number 47 of Government Debt Securities was a uniform price auction for ID 100.000.000.000 par value of Bills which concluded on 30-10-06. Total Public ID 101.000.000.000 Valid competitive bids totaled ID 100.000.000.000 and valid non competitive bids totaled ID 1.000.000.000 and the cutoff yield( the highest yield of a successful bidder) determined by auction was 9.00%.

Auction Financial

Can some help me to under stand all of this I am totally lost?

Originally Posted by panhead

DON'T MAKE HIM SAY IT!!!!!!!

ok i am a bit slow .........sorry

no need to spell or say the dirty little 4 letter L word

FXCheatSheet - Currency Converter for Travelers

US Dollar (USD) to Iraqi Dinar (IQD)
for Sunday, November 26, 2006


USD IQD USD IQD USD IQD
1 = 1383.60 10 = 13836.00 100 = 138360
2 = 2767.20 15 = 20754.00 200 = 276720
3 = 4150.80 20 = 27672.00 300 = 415080
4 = 5534.40 25 = 34590.00 400 = 553440
5 = 6918.00 30 = 41508.00 500 = 691800
6 = 8301.60 35 = 48426.00 600 = 830160
7 = 9685.20 40 = 55344.00 700 = 968520
8 = 11068.80 45 = 62262.00 800 = 1106880
9 = 12452.40 50 = 69180.00 900 = 1245240

Originally Posted by shotgunsusie

we are of a mind that it must happen pretty quickly or they are going to be in dire straights and we aint talkin musically!!

OK, but I don't get the music part, does this involve the Sultans?

Originally Posted by Precocious

How do we get from 1000 to 1, which we're still quite a ways off, to 1 to 1 or better. Where do they substantiate such an enormous revaluation. Just because Iraq can benefit from it, surely that isn't reason enough. We could list many other countries that would benefit from a revaluation of their currency but there is no talk of such a thing. Franky, I don't think the Iraqi people could handle that kind of change. Clearly they have demonstrated they do not adjust to change well.

If a can of Pepsi costs 1000 Dinar (69 cents) at today's rate in Iraq then the monetary system is working as it should. How can it cost less than 1 Dinar tomorrow. Could they even get change from one Dinar??? I do not believe they have the actual currency to make this happen so quickly.

How can a country adjust to a significant change in its currency in a short period of time? This is an excellent question. We have many examples of evaluation and devalution of a currency in the world in an "overnight" fashion". Its too bad than most of those reevaluations have been to the downward side. Thats what makes this situation the more interesting. In mexico in the mid 80s, the earthquarke resulted in the peso becomming worthless. There are soo many other example. So, based on other countries, and history, it is possible that a country could reduce its debt, increase the production of a valuable commodity, (oil) its government operates within budjet, It has the best responsible money management (CBI), It has an estimated 60 Billion in reconstruction funds, Its agri production is to the extent that it can feed itself, Its central bank has over 12 Billion USD in currency reserves, it has an impressive gold reserve (much of what we do not know about), and it has the support of 27 nations, the World Bank, the Imf, and may enter the WTO soon. So, things are possible. And currency can/does move drastically. Thank you

Originally Posted by dinartank

I Apreciate all the work you do you are great at digging up info and you are quite good at it. You and SGS should be detectives! But charm i do have to say that it seems like everyday that you think it is gonna RV. I do apreciate what you do and your opinions but dang sometimes i think you look to DEEP into things....but keep up the good work!

I agree CP thinks its anyday now everyday... but she only has to be right once!

[QUOTE=CharmedPiper;140560]Who besides me is EXCITED..I can hardly contain myself......I just feel that reval.....Sorry...I just bubbled over....COME ON REVAL..............I NEED IT TODAY!!!!!!!![/QUOTE WELL CHARMEDPIPER, I'M WITH YOU ALL THE WAY!!!! I DON'T SEE HOW THEY CAN NOT REVAL WITH ALL OF THIS GREAT NEWS YOU GUYS ARE PULLING UP! THE INFORMATION THAT'S COMING OUT IS BETTER THAN WHAT WE WERE HEARING A COUPLE OF MONTHS AGO AND JUST LOOK WHAT ALL HAS HAPPENED SINCE THEN!! COME ON REVAL!! IT'S GETTING CLOSE TO TIME TO PUT ON THOSE DANCING SHOES!

Originally Posted by Inscrutable

OK, but I don't get the music part, does this involve the Sultans?

Dire Straits - British rock band formed 1977 by guitarist David Knopfler and yes! "Sultans of Swing" You are quick!!!