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

Originally Posted by clueless

Hey DD,

Sure no offense intended. I really appreciated the info and link. I am guessing that the figures you were looking at are something other than dinar in circulation but I will have to go back and read more to see for sure. Here are the numbers for previous years from table 4.

-------------------------------------------- act --- SBA
------------------------- 2003 --- 2004 --- 2005 --- 2005 --- 2006
Currency outside banks -- 2,606 -- 7,163 -- 9,110 --- 8,815 -- 9,621

Clueless..No offense taken at all. The circulation amount has been bugging me silly. The table you posted was one that was so small on my browser I couldn't read it. Everytime I tried to copy so that I could put it in my documents to get a better look at it, kept freezing the webpage, so I gave up, and tried to do my own calculations. I'm glad you were able to post it and the question of currency in circulation is finally out there.

Cheers!
DayDream

Iraqi Consul in Kermashan economic activities :
(Voice of Iraq) - 02-12-2006 | This issue was sent to a friend Iraqi Consul in Kermashan : economic activities between Iraq and Iran on the best indicator 2006.12.02 PUKmedia : The Iraqi consul in the Iranian city of Riyadh Kermashan Hassun Jawad today, Saturday, 2 / 12 that economic activities between Iran and Iraq مءشر best relations that have long historical roots. He Hassun Horse in his speech to the forum and exhibition, the fourth of strategic commodities to the Iraqi market, which was held today, Saturday, in Kermashan that these relations and the problems faced during the various stages, but today is the best of circumstances. He explained that the visit of a high-level Iraqi delegation to Iran reflects the importance of relations between the Iranian and Iraqi people and the interest of the two countries relations. He emphasized that this meeting had many agreements on the basis of political support for the current government of Iraq. He explained that we seek through this forum to achieve the results required at the level of economic and trade relations between the two countries so that the Iraqi traders to take maximum advantage of this opportunity to get their goals. He announced the readiness of Iraqi officials to develop relations between the two countries to develop the potential مءكدا conduct traders in the two countries. It is held the fourth forum and exhibition markets of Iraq's strategic and operational mechanisms have since starting today and continue until December 6 in the current Kermashan / West / with the participation of officials from the two countries in addition to the large crowd of traders Iranians and Iraqis to develop commercial and economic relations between a for the two countries.

http://64.233.179.104/translate_c?hl...p%3Fid%3D39742

Originally Posted by worf

No Kidding!!!

worf

As we have said before, they can not return to a cheap currency level and "undo" the removal that we have seen. It has to be more expensive to do what they want it to do. And if it is not expensive enough, this will only encourage more speculation. They are walking a "tight rope". Thank You

Originally Posted by Wm.Knowles

Thank you very much for your post. I have read similar numbers other places, so, this is a good case for total currency in circulation being around 9.6 trillion. If in fact they have removed 1.2 Trillion dinar out of the economy, this represents about 12.5 % decrease in the base money supply. A monumental amount. Since currency (each dollar) in the US circulates between 5 and 9 nines before it is retired, then the amount of dinar removed will have much more of an impact throughout the economy over a period of time. Ultimately, the price of a currency is based on laws of supply and demand. Again, this removal within a short period of time was dramatic, if not in a panic mode to control inflation, and maybe, just maybe to remove excess currency prior to an RV. Next week will exciting. Thank You.

"Less cash in vaults of commercial banks...01,260" is this the 1.2 trillion dinar
that they took out of circulation?

3k up for grabs, come on, this little win could pay for someone to have a couple of weeks in the Cayman Islands.

http://www.rolclub.com/iraqi-dinar-d...y-game-17.html

KRG, Kurdistan Regional Government

The Iraqi government agree to Kurdish demands on the budget, oil

The high-ranking source in the government of the Kurdistan region, "the Iraqi government agreed to meet most of the demands that are being Kurdish government delegation headed by Najirfan Barzani talks in Baghdad with senior officials in the government." He said Emad Ahmed, Minister of Public Works and reconstruction in the territorial government member of the Kurdish delegation in a press statement that "the Iraqi government agreed to reinstate the additional amount of 482 million dollars resulting from the sale of oil price differentials in world markets to the territorial government and added to the 2007 budget next next." With regard to the crisis in electricity Territory suffers from a severe shortage where, he said, "on the crisis of electricity rampant in the province are several important meetings attended by Deputy Prime Minister Barham Salih has been agreed to increase the region's share of the national network and the provision of engineering cadres necessary for the territory to oversee the control stations." And on the most important issue in the talks the two sides - the case of oil, Ahmed that "it was decided to hold a series of joint meetings between the delegation of Kurdish All the Oil Ministry and the Central Bank of Iraq to a new law of oil to meet Kurdish demands on oil investment." The file was one of the most important oil files which provoked sharp disagreements between the two governments insist the Iraqi government to dispose of the natural resources and mineral wealth in Iraq and subject to the control of the central government. With calls the Kurdish side to retain control within the territorial authorities in accordance with the Iraqi constitution to ensure attract foreign investment projects in the field of oil to the province.

Originally Posted by Lunar

Instead of wasting time looking thru old posts to see if an article has already been posted....they could just say "sorry if this has already been posted"

...Or, if you have already read something, go on to the next one and not get upset for the duplication. IT'S ALL GOOD, IF YOU HAVE DINAR! If you don't, then the only one you should be upset with is YOU.

http://64.233.179.104/translate_c?hl...px%3Fid%3D2679

Presentations sale of the dollar over purchase orders for the first time ERA Iraqi Central
Presentations sale of the dollar over purchase orders for the first time ERA Iraqi Central
Source : Iraqi Media Network southern region - 02 / 12 / 2006



In the previous auction is the first in the Central Bank of Iraq yesterday, Wednesday, on increased offers to sell the dollar from the central purchase orders fell significantly. A statement by the central yesterday that the purchase orders by the four banks participating auction stood at 330 thousand dollars cash for 20 million and 850 thousand dollars in cash yesterday. He attributed the Yasiri, a dealers with the Central Bank of a significant drop in demand for the dollar to decline in the volume of trading in the Iraqi market, largely because of depressed commercial market against the backdrop of the deteriorating security situation and the seriousness of dealing with substantial funds. The statement pointed out that the CBE had covered all procurement requests at the 1435 dinars to the dollar value of 2 dinars on the low price yesterday. ID and the devaluation of the dollar today is the fifth consecutive year in the price for the Iraqi dinar. Two banks participating in the auction today offers to sell the dollar reaching $ 2 million bought the bank in full at the exchange rate reached 1433 dinars to the dollar.

Looks like we are still a way off for the investment law to become law.

I had an Arabic translator read the Arabic version of the investment law and the law requires that the GOI form a National Investment Committee which must be approved by Parliament and ratified by the President, no time limit is specified for this action.
I believe the report said it was "ratified" by the President. If what you say is correct, then the committee was already formed. It would have had to be in order for the President to ratify it. Right?

I dont know if anyone has found this info out, but 'when' they are at a 1:1 level do they have a "fractional" denomination like quarters,dimes,nickels,and pennies? Has anyone heard anything?