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

Originally Posted by maxib

You did better than me Webster - I called into a Travelex today and asked if they were buying or selling you know what and she said a definite NO. I then asked her if they would sell it if it came on the International market and her reply - NO IT WILL NEVER BE TRADED IN AUSTRALIA. Oh well

and how did that big gust of smoke feel goin up your shorts?? lol

they have standard replies im sure until its a go. a banker who deals in foreign currency isnt going to pass up the opportunity to make this kind of profit.

you might try an investment bank.

sorry if this has already been posted...


Kurdistan: Kurdistan Region's Central Bank director remarks on state of the dinar
Posted on Tuesday, November 28 @ 16:07:16 PST
Topic: Kurdistan
The price of the Iraqi dinar will result in a drop in the dollar and euro.

The director of the Kurdistan Region's Central Bank stated that there is no plan to change the current Iraqi currency; instead, there will be trials to increase its value.
"Because currently the value of the dinar is very low, people are depending more on the dollar and euro. But increasing the price of the Iraqi dinar will result in a drop in the dollar and euro," said the director.

When questioned on the recent decision of the central Iraqi government to raise government employees' salaries and whether the decision includes the Kurdistan Region or not.

The director said, "Any decision issued by the central Iraqi government will be executed in Kurdistan as well, but that will not take effect until the 2007 budget plan is implemented.

A delegation from Kurdistan Region recently visited Baghdad to attempt to solve financial issues.

Source: The Kurdish Globe
LawkSalih.Com - Kurdistan Region's Central Bank director remarks on state of the dinar

Iraq ready to oversee own oil sales beginning next Jan UNITED NATIONS, Nov 30 (KUNA) -- Secretary-General Kofi Annan told the Security Council on Thursday that he supports the transition of the International Advisory and Monitoring Board (IAMB)'s functions of overseeing the Development Fund for Iraq (DFI) to an Iraqi-constituted body, explaining that difficult conditions in Iraq have not allowed the oversight body to carry out its mandate.
Kuna site|Story page|Iraq ready to oversee own oil sales beginning next...12/1/2006

Good on SA, nice to see they're behind Iraq.

Saudi will intervene in Iraq if US withdraws-aide Saudi will intervene in Iraq if US withdraws-aide
Wed 29 Nov 2006 11:10:32 GMT
WASHINGTON, Nov 29 (Reuters) - Using money, weapons or its oil power, Saudi Arabia will intervene to prevent Iranian-backed Shi'ite militias from massacring Iraqi Sunni Muslims once the United States begins pulling out of Iraq, a security adviser to the Saudi government said on Wednesday.

http://today.reuters.co.uk/news/Cri...d-R5-Alertnet-6

Originally Posted by Adster

Good on SA, nice to see they're behind Iraq.

Saudi will intervene in Iraq if US withdraws-aide Saudi will intervene in Iraq if US withdraws-aide
Wed 29 Nov 2006 11:10:32 GMT
WASHINGTON, Nov 29 (Reuters) - Using money, weapons or its oil power, Saudi Arabia will intervene to prevent Iranian-backed Shi'ite militias from massacring Iraqi Sunni Muslims once the United States begins pulling out of Iraq, a security adviser to the Saudi government said on Wednesday.

http://today.reuters.co.uk/news/Cri...d-R5-Alertnet-6

they arent about to leave it vulnerable to iran. that would be catastrophic.

I'm puzzled by this, I need to know if I'm way off thinking here, it looks to me as if it is stating that there was 6.36 trillion total printed and 2 trillion of it used for reserves, leaving 4.36 trillion total for circulation...

I have a feeling I'm way off here and would like to understand it a little better, I have been hearing of all these high amounts and supposed proof for over a year now and all of a sudden dd post an old link with this info...

What am I misunderstanding???

Originally Posted by DayDream

Just found this (old old article) but thought I'd post it.

11/25/03

FROM: HEADQUARTERS COALITION PROVISIONAL AUTHORITY

TO: SECDEF WASHDC

SECSTATE WASHDC

NSC WASHDC

USTR WASHDC

USDOC WASHDC

INFO: RUCNRAQ//IRAQ COLLECTIVE

SUBJECT: ADMINISTRATOR’S ECONOMIC REPORT: NOVEMBER 25, 2003

more here but this is what I wanted you to see....

Currency Exchange: As of 18 November the Iraqi Currency Exchange has received NID 5.328 trillion of the 6.36 trillion total. Of this amount 2 trillion will be used for reserves. Also NID 2.834 trillion is in circulation or nearly 65% of the 4.36 trillion total. The exchange has completed one month of the three month period (15 Oct 2003-15 Jan 2004).

11/25/03

Cheers!
DayDream

We facking know this......all good though, telling me they ran out of other options.

Raising interest rates is not a positive impact on inflation in Iraq

The level of savings in Iraq deteriorated markedly, especially with the burden of living which has borne the Iraqi citizen in the light of the current phenomenon of inflation, The volatile situation of the various consumer goods and service sectors.

This is called the Iraqi Central Bank to a recent amendment to the approved interest rate has become 12% after it was 10%. bid for interest rates play a role in raising levels of saving and maintaining the level of deposits with banks.

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He said planning Ghalib Baban that the Central Bank's decision, which came after extensive study by the stakeholders, also aimed at encouraging people to the capital by citizens in general on saving.

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Here, the question arises in light of the reality of living is : the feasibility of raising the level of interest at the high prices, It is not resources that can be won with limited incomes to cover daily requirements.

وهل تتمكن عملية رفع الفائدة أن تستجلب أصحاب رؤوس الأموال في وقت وجه هؤلاء رؤوس أموالهم إلى الخارج.

Is that the process of raising the interest that brings the owners of capital at the time they face their capital abroad.

According to the Director of Research at the Central Bank of Iraq, Dr Mohamed Saleh appearance : the Central Bank of Iraq is responsible by virtue of law No. 56 of 2004, to cope with inflation and reduced levels, since the form of this principle objective basis adopted by the monetary policy in the performance of their duties, On this basis, the Central Bank must establish priorities policies. We are speaking here of monetary policy to combat inflationary activities using the tools available.

He pointed out there in front of monetary policy variables and intermediate or intermediate objectives reflect on the relationship between the impact of these variables to reduce the general level of prices and contain inflation. Among these variables of interest rates stabilizing long-term «» and stabilizing the exchange rate or real.

And the levels prevailing exchange, Noting that these variables can not control directly has not been targeted by similar variables. These variables or operational objectives are references or means Acharateh or information be used to influence stability in the cash market.

البنك المركزي؟

These signals known as interest rate, the Central Bank of Iraq, a price indication would be tantamount compass navigation to influence the behavior of interest rates as determined why would the Central Bank lends to banks? What banks deposited in the Central Bank?

Under the control of the volume of cash, as it is believed that whatever the confiscation of inflation, in the end, monetary phenomenon, Accordingly, the priorities are stability to the crisis logical to build and stimulate the economy.

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On this basis, inflation is mainly to increase the speed of money circulation and abandoned, leading to weak demand cash and the growing demand for goods and services as counterproductive, In order to maintain the cohesion of demand and maximize cash levels in order not to turn into strong spending on goods and services, what the Central Bank, the use of tools in raising the interest rate has to stimulate the interest rate structure and maintaining the coherence of savings and maximize their purchasing power helps monetary policy to address the high levels of liquidity in the market and contain cash «» banking without becoming bloc cash adrift at the commodity and services.

http://64.233.179.104/translate_c?hl...px%3Fid%3D2671

Originally Posted by Adster

We facking know this......all good though, telling me they ran out of other options.

Raising interest rates is not a positive impact on inflation in Iraq

{{{{{SNIP!!}}}}}

http://64.233.179.104/translate_c?hl...px%3Fid%3D2671

we could have saved them the time and trouble and let them know it wasnt going to help when they started hey mr. a. they just never ask us and we know these things!!

Originally Posted by shotgunsusie

we could have saved them the time and trouble and let them know it wasnt going to help when they started hey mr. a. they just never ask us and we know these things!!

We could run the country Sus. We'd have revalued a year ago, got all the laws in place, there'd be peace, harmony and happy folks.

Well, let's face it, we couldn't have done worse, lol.

Originally Posted by Adster

We could run the country Sus. We'd have revalued a year ago, got all the laws in place, there'd be peace, harmony and happy folks.

Well, let's face it, we couldn't have done worse, lol.

N S