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

Also, anybody's guess why Kuwaiti exchange is showing Iraqi dinar rate at 1350.4445 ????

They better get on the move and reval that currency.....NOW.....time is up, they are out of options.....this may be the only way to calm the tension.

Judge warns Iraq of continuing downward towards disaster

(Voice of Iraq) - 11-27-2006
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Judge warns Iraq of continuing downward towards disaster
Baghdad / Nina / warned the Special Representative of the Secretary-General of the United Nations in Iraq, Ashraf Qazi, the continuing degradation of Iraq towards a civil war similar to introduce people to an unprecedented disaster

Talabani fly to Tehran today to discuss the situation in Iraq

Head of the Republic (Jalal Talabani) today to Tehran after the postponement of his visit to several days because of the situation in Iraq. A spokesman for the (Taliban) (Hewa Osman), "The Taliban will discuss with his Iranian counterpart Mahmoud Ahmadinejad, the situation in Iraq and the region and bilateral relations." For his part, the spokesman for the Iranian Foreign (Muhammad Ali Hosseini) that "the Iraqi people pay the price of mistaken policy of the United States." He (Husseini) in a press statement that "the only solution lies in the unity of Iraqis and the departure of the multinational forces and the handover to the government of the country emanates from the people." As he said.
NOAA
11 / 27 / 2006

Radio Nawa

Originally Posted by CharmedPiper

Also, anybody's guess why Kuwaiti exchange is showing Iraqi dinar rate at 1350.4445 ????

coz their spread is high?? lol

Originally Posted by CharmedPiper

Okay guys help me out here. I stumbled across these numbers and need help deciphering. I went to the Kuwaiti exchange site and clicked on KSE Highest Traders link at bottom right. I noticed this right away but I don't know what it means or is if anything???

Updates every 15 minutes

Company -- IRAQHOLD
Current Price -- 61
Volume -- 11,120,000
Trades -- 103

NBK

The Iraqi Dinar has been trading at 1350 on the NBK for a month or 2 now, nothing new here.

Zebari is visiting Kuwait in the second half of next month

Said Undersecretary of the Ministry of Foreign Affairs (Mohamad Hammoud Hajj), "Foreign Minister (Hoshyar Zebari) will visit Kuwait in the second half of next month to discuss the political relations between the two countries." The Hajj in a press statement that "Zebari will discuss with the Kuwaiti side the practical steps to complement the action on the demarcation of the border." He pointed out that "Kuwait and stood with Iraq and dominated the full control of its borders to prevent infiltrators and saboteurs. He pointed out that the existing security pipeline on the Kuwaiti side of the border purely an internal affair. "
NOAA
11 / 27 / 2006

Radio Nawa

The 813 daily currency auction was held in the Central Bank of Iraq day Monday 2006 / 11/ 27 so the results were as follows :
Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1439 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 20.580.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 20.580.000 -----
Total offers for selling (US $) ------ -----

Announcement No.(813)

D.G. of Foreign Exchange Control

The 813 daily currency auction was held in the Central Bank of Iraq day Monday 2006 / 11/ 27 so the results were as follows :

Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1439 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 20.580.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 20.580.000 -----
Total offers for selling (US $) ------ -----

Cash amounts sold to the bank and its customers were USD(3.280.000) at a rate of(1439+1+10=1450)IQD\USD .
The amount sold to make transfers abroad was USD (17.300.000) at a rate of (1439-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.


not much to operate on. thats about a mil a day they have been running on.

Still droppng though, good news, can't see this lasting too much longer.....

Originally Posted by Adster

Still droppng though, good news, can't see this lasting too much longer.....

What do you make of the post yesterday (I think) about Chase selling at 1335 range. I think it was Neno who also verified this.