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

hey guys & gals, after all this time and trying to I still haven't been able to copy and paste!!! I typed in ( Iraq gold confiscated Syrian border) there's a whole lot of info that we already know, but maybe it will be interesting to some of you. It is veeeeery long!

Originally Posted by yardbird

hey guys & gals, after all this time and trying to I still haven't been able to copy and paste!!! I typed in ( Iraq gold confiscated Syrian border) there's a whole lot of info that we already know, but maybe it will be interesting to some of you. It is veeeeery long!

U.S. forces find suspected gold cache in Iraq

WASHINGTON (CNN) -- For the second time in a week, U.S. troops have discovered what appears to be a cache of gold bars hidden in a truck, which could be worth just less than a quarter of a billion dollars, according to a Pentagon official.
Soldiers from the 173rd Airborne Brigade discovered 999 gold bars hidden in a truck during a routine traffic inspection near the northern Iraqi city of Kirkuk within the last two days, Pentagon officials said.

If it is in fact gold, its estimated value is thought to be close to $250 million.

On Friday, U.S. troops inspecting vehicles near the border with Syria found a truck with more than 1,100 gold bars estimated to be worth just more than a quarter of a billion dollars.

The driver and passenger said they had been paid $350 to pick up the truck in Baghdad and drive it to the Iraqi town of Qaim near the Syrian border, along a well-known smuggling route.

The bars and the men are in the custody of the Third Armored Cavalry Regiment.

Pentagon officials said the gold will be kept safe by U.S. forces until an Iraqi government is set up and decides how to use it.



Officials: Iraq gold may be worth half a billion


WASHINGTON (AP) -- At a roadblock in Iraq, American troops confiscated what they believe may be gold bars worth up to $500 million, defense officials said Friday.
A truck carrying some 2,000 bars was stopped by soldiers of the 3rd Armored Cavalry Regiment at a military checkpoint near Qaim, a northwestern city near Iraq's border with Syria, said U.S. Central Command.

The bars still must be tested to make sure they are gold, Central command said in a statement.

Two people were taken into custody, but it was unclear who they were, their nationality, and where they got the bars.

"The occupants told the soldiers that they had been paid a total of 350,000 dinars (or $350 U.S.) to pick up the truck in Baghdad and drive it to an unnamed individual in Al Qaim," U.S. Central Command said. "The two had been told that the bars were bronze."

Soldiers conducted a search of their Mercedes truck and discovered approximately 2,000 40-pound, 10-inch-long bars.

The bars may have a total worth of $500 million, depending on karat weight and purity, the statement said.

The truck, bars and two people are currently in the custody of the 3rd Armored Cavalry Regiment.

Massive Gold Finds - Believe them or not!!!

June 11, 2003 9:47 PM
» Sinewave - U.S. troops intercept 3rd 'gold truck' fleeing Iraq

By Paul Salopek | Foreign Correspondent
Posted June 8, 2003
KIRKUK, Iraq -- Another battered truck hauling what appears to be a dazzling fortune in gold bars was stopped at a routine U.S. Army checkpoint in Iraq on Wednesday, the third such cache of bullion seized in two weeks.

An officer with the 173rd Airborne Brigade, the unit that detained the truck near the northern Iraqi city of Kirkuk, said that 1,183 ingots were recovered in the latest bust.

The seizure fits a pattern established by two similar gold-laden vehicles stopped by U.S. troops in late May. All the trucks appeared to have originated in Baghdad and seemed to be heading for either the Syrian or Iranian border.

"Same modus operandi," the American officer said, on condition of anonymity. "Mercedes truck. Bad registration. Trying to pass it [the gold] off as brass."

More than 4,100 gold bars have been confiscated so far from the rusty beds of old trucks trundling down the bomb-cratered roads of Iraq. The combined value of the gold has been calculated at between $718 million and $1 billion -- the worst act of plunder in Iraq since Saddam Hussein's younger son, Qusai, swiped $1 billion in cash from the Central Bank.

The source of such vast quantities of gold in war-bruised Iraq remains a tantalizing mystery.

U.S. officials have kept mum about the case. Ordinary Iraqis fascinated by the tale of the "gold trucks" have spawned conflicting rumors. Some say the loot is Kuwaiti gold seized during the 1990 Iraqi invasion, while others insist it is treasure pried from thousands of looted Baath Party safety-deposit boxes in Baghdad.

But a source close to the U.S. investigation said that all the truck-borne ingots share the same strange characteristic: The bars aren't pure, like the bullion found at Fort Knox, but crudely melted bricks of jewelry. That obscure detail convinces many knowledgeable Iraqis that the gold's journey stretches all the way back to the Iran-Iraq war of the 1980s, and into Saddam's greedy pockets.

"Iraq has no major gold reserves, and no Iraqi banks ever held this much private jewelry," said Daya al-Khayoun, director general of Iraq's state-run Rafideen Bank, which saw 60 of its 70 Baghdad branch offices gutted by looters after the war.

"What was found in those trucks has to be the gold Saddam asked Iraqis to donate to fight the Iran war," al-Khayoun said. "That gold helped keep him in power."

During the bleakest years of the conflict between Iran and Iraq, Saddam and his ministers appeared on Iraqi television, exhorting citizens to contribute their jewelry to the war effort. Some of that jewelry ended up being hammered into a solid gold carriage for Saddam, which broke under its own weight during a 1996 parade.

But the bulk of the people's patriotic largess ended up unspent in state vaults beneath Iraq's Central Bank or in Saddam's presidential palaces, al-Khayoun said.

How it may have gotten smelted hastily into ingots, loaded onto 2-ton Mercedes-Benz trucks and carted out of the city is still a puzzle.

Paul Salopek is a reporter for the Chicago Tribune, a Tribune Publishing newspaper.

Thread Full!!!_War_With-Iraq 2000+ - Thead Full! Use New One!: U.S. troops intercept 3rd 'gold truck' fleeing Iraq

Johanns meets with Iraqi leaders to help rebuild agriculture

Editor's note: Midwest Ag Journal columnist Ken Root traveled with U.S. Secretary of Agriculture Mike Johanns on his recent trip to Iraq.

By Ken Root

The huge C-17 cargo plane carrying U.S. Secretary of Agriculture Mike Johanns, along with several tons of munitions and spare parts, thundered onto the runway in Baghdad early Tuesday morning. The plane's cargo and passengers represented the present reality and future hope of this war torn nation that is struggling to find a modern identity and balance in government, religion and private enterprise.

Secretary Johanns traveled into the war zone with his support team and a small delegation of academia, industry and media, to begin the process of reconstructing Iraq's agriculture while the U.S. military trains the Iraqis to take control of their own security. It seems to be a contradiction to don body armor and ride with a heavily armed military escort to discuss creation of an infrastructure for agricultural production and trade, but normalcy in the face of chaos seems to be the theme for those living in Baghdad and much of the country today.

Modern Iraq reaches northwest from the Persian Gulf along a sloping plain that ascends to tall mountains at the border with Turkey, Iran and Syria. It is a dry landscape with six inches of annual rainfall in the central plain. Ancient Iraq was called Mesopotamia, Greek for "land between two rivers" because it was defined by meandering rivers whose names are synonymous with farming and the advancement of civilization.

The Tigris and Euphrates created a rich alluvial plain where man was first know to practice farming. The science of irrigation was started here and the "Fertile Crescent" may have yielded the Garden of Eden and certainly was the foundation of early cultures from the Sumerians to Babylonians to the Assyrians. The need to keep records of transactions, govern an urban population and pass on knowledge of how to farm inspired the first writing and mathematical science that flourished as much as long as seven thousand years ago.

Today, many of the irrigation canals lay in ruins and the land has built up salts from so many years of irrigation and flooding. The agricultural production is a shadow of the past and farmers seem to have lost the knowledge passed on by their learned ancestors.

Secretary Johanns began his discussions with the Iraqi Prime Minister, Dr. Nouri Al-Maliki, who welcomed the outreach of U.S. President George Bush to assist the Iraqi government in establishing a new structure for education and rebuilding of the Iraqi agricultural sector. Detailed talks were held with the Iraqi Deputy Prime Minister, Dr. Salam al-Zawba'i who holds a Ph.D. in soil science and is a passionate advocate of the agrarian sector. Dr. Salam encouraged his ministers of Trade, Science and Technology, Higher Education and Scientific Research to engage the U.S. initiative to return Iraq to its former role as "breadbasket of the Middle East."

Together they signed an agreement that may be the boldest effort for the Cooperative Extension Service in its eighty-year history. The plan calls for land grant colleges and universities to develop long-term relationships with Iraq and to explore cooperative mechanisms that will bring the same level of practical application to Iraqi farmers that it has brought to American farmers.

The extension efforts will initially focus in these areas:

--Rice production

--Wheat and barley production

--Poultry, sheep and goat production and animal health

--Water resources management and irrigation technology

--Irrigated fruit and vegetable production

Johanns seemed elated at the signing: "In the United States (Extension) has been a real difference maker. It is Extension that is the bridge. It is that bridge between training, science and technology to the producer level where those things can be put to real practical day to day actions."

The USDA indicates that it wants five universities to begin the first phase of Iraqi Extension programs. "We will issue a Request for Proposals (RFP) and make selections in a matter of months," said Johanns at a news conference held in Saddam's former palace movie theater.

As the ceremonial signing was completed and the USDA delegation moved to meetings with other Iraqi ministers, courtesy calls on military officials and dinner with the troops, a buzz of gossip circled the building as a mortar round had blown up on the grounds, a car bomb had hit a checkpoint outside and an attack in downtown Baghdad had killed and injured scores of Iraqi civilians. The reality of war and the hope of peace--a normal day in Iraq.

Date: 8/3/06


Johanns meets with Iraqi leaders to help rebuild agriculture

Originally Posted by Gloribee

With no disrspect to members, Im going to revert back to PM's. While you may not know it, this may be valuable Information in regards to an RV.

As I have said on occasion, read between the lines.

Gloribee

I would answer you if I could Gloribee. A lot of the well informed posters are not online at the moment, probably spending time with family and friends. It is after all the holiday season. Please be patient with them. We all value your input and don't want it to go astray to just the "chosen few". I hope you are having a nice holiday too.

173rd Airborne Brigade in Kirkuk, Iraq (#89)

Source of seized gold ingots still a mystery in Iraq
Chicago Tribune

KIRKUK, Iraq - Another battered truck hauling what appears to be a dazzling fortune in gold bars was stopped at a routine U.S. Army checkpoint in Iraq on Wednesday, the third such cache of bullion seized in two weeks.

An officer with the 173rd Airborne Brigade, the unit that detained the truck near the northern Iraqi city of Kirkuk, said that 1,183 ingots were recovered in the latest bust.

The seizure fits a pattern established by two similar gold-laden vehicles stopped by U.S. troops in late May. All the trucks appeared to have originated in Baghdad and seemed to be heading for either the Syrian or Iranian border.

"Same modus operandi," the American officer said, on condition of anonymity. "Mercedes truck. Bad registration. Trying to pass (the gold) off as brass."


More than 4,100 gold bars have been confiscated so far from the rusty beds of old trucks trundling down the bomb-cratered roads of Iraq. The combined value of the gold has been calculated at between $718 million and $1 billion - the worst act of plunder in Iraq since Saddam Hussein's younger son, Qusai, swiped $1 billion in cash from the Central Bank.

The source of such vast quantities of gold in war-bruised Iraq remains a tantalizing mystery.

U.S. officials have kept mum about the case. And ordinary Iraqis fascinated by the tale of the "gold trucks" have spawned a host of conflicting rumors. Some say the loot is Kuwaiti gold seized during the 1990 Iraqi invasion, while others insist it is treasure pried from thousands of looted Baath Party safety deposit boxes in Baghdad.

But a source close to the U.S. investigation says that all the truck-borne ingots share the same strange characteristic: The bars aren't pure, like the bullion found at Ft. Knox, but crudely melted bricks of jewelry. And that obscure detail convinces many knowledgeable Iraqis that the gold's journey stretches all the way back to the Iran-Iraq war of the 1980s, and into Hussein's greedy pockets.

"Iraq has no major gold reserves, and no Iraqi banks ever held this much private jewelry," said Daya al-Khayoun, director general of Iraq's state-run Rafideen Bank, which saw 60 of its 70 Baghdad branch offices gutted by looters immediately after the war.

"What was found in those trucks has to be the gold Saddam asked Iraqis to donate to fight the Iran war," al-Khayoun said. "That gold helped keep him in power."

During the bleakest years of the conflict between Iran and Iraq, Hussein and his ministers appeared often on Iraqi television, exhorting citizens to contribute their jewelry to the war effort. Rich businessmen, many Iraqis recall, were expected to cough up three to five pounds of gold or face a visit by Hussein's goon squads.

Some of that jewelry ended up being hammered into a solid gold carriage for Hussein, which broke under its own weight during a 1996 parade in Baghdad.

But the bulk of the people's patriotic largess ended up unspent in state vaults beneath Iraq's Central Bank or in Hussein's presidential palaces, al-Khayoun says.

How it may have gotten smelted hastily into ingots, loaded onto two-ton Mercedes-Benz trucks and carted out of the city is still a puzzle.

On May 23, stunned U.S. soldiers confiscated the first truck, carrying 2,000 gold bars, at an Army checkpoint near the town of Qaim on the Syrian border. The second truck was stopped outside Kirkuk two days later, apparently while on its way to Iran.

The heavy metal bricks appeared to contain varying grades of gold. Paratroopers in Kirkuk transferred nearly 1,000 ingots into a U.S. Army truck, which promptly blew out its tires under the excess weight. A soldier who was a precious-metals dealer in civilian life gauged the purity of the treasure at 21 carats, the ideal grade for jewelry-making.

Meanwhile, the drivers of the trucks aren't talking.

"This crime was not the work of stupid neighborhood looters," said Fahdil Mohammed, a metallurgist in Baghdad's gold market.

Punching figures into his calculator, Mohammed estimated that the process of turning 70 to 80 tons of bracelets, necklaces and rings into 20-pound ingots would have taken a crew of a dozen skilled metal workers several weeks.

"This job must have been arranged before the war," he said. "It probably was ordered from somebody at the top of the old regime."

Some American officers agree.

While there are many clandestine smelters in Iraq - occupation forces in the southern city of Basra puzzled for weeks over why the power grid kept blowing, until they discovered a network of hidden electric forges for melting down stolen copper wire and brass shell casings - the secrecy required to process as much as $1 billion of gold suggests that the job was done under government supervision, they said.

The trucks' oddly unimpeded journeys across Iraq also have raised suspicions. All three vehicles traveled hundreds of miles through mostly lawless country before being stopped by happenstance at U.S. roadblocks.

"It's almost as if they were being protected," said Maj. Kevin Petit, the executive officer of the 173rd Airborne Brigade in Kirkuk. "Like, it was bad news to mess with some powerful guy's booty."

Central Command has yet to link anybody, much less Hussein's old Baath Party officials, to the crime. In fact, the unsolved case of the gold trucks appears to be fading from the coalition agenda - a bleak symbol of both the monumental scale of the pillaging in Iraq and the indifference of the world to a heist that, anywhere else, would be dubbed the crime of the century.

Wednesday's trove will be tested for authenticity. But some of the recovered gold already has been flown to Kuwait for safe-keeping, the U.S. Army said. It took six soldiers four hours to load one shipment onto a cargo plane. The entire pile of ingots, nearly big enough to fill a dump truck, will be returned to the people of Iraq when a new government is established.

"It was overwhelming to see so much gold in one place," said Petit. "But it was sad, too. They found the indentations of wedding rings in some of the bars."

Shaking his head in amazement, he said he wondered how many other trucks may have slipped through his checkpoints.

Copyright © 2003 Knight Ridder/Tribune Information Services. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.



Copyright © The Billings Gazette, a division of Lee Enterprises.

billingsgazette.com

By CHRISTOPHER TORCHIA, Associated Press Writer
33 minutes ago



BAGHDAD, Iraq - Saddam Hussein urged Iraqis to embrace "brotherly coexistence" and not to hate U.S.-led foreign troops in a goodbye letter posted on a Web site Wednesday, a day after Iraq's highest court upheld his death sentence and ordered him hanged within 30 days.

A top government official, meanwhile, said Saddam's execution could proceed without the approval of Iraq's president, meaning there were no more legal obstacles to sending the deposed dictator to the gallows.

One of Saddam's attorneys, Issam Ghazzawi, confirmed to The Associated Press in Jordan that the Internet letter was authentic, saying it was written by Saddam on Nov. 5 — the day he was convicted by an Iraqi tribunal for ordering the 1982 killings of 148 Shiite Muslims in Dujail.

"I call on you not to hate because hate does not leave space for a person to be fair and it makes you blind and closes all doors of thinking," said the letter, which was written in Arabic and translated by the AP.

"I also call on you not to hate the people of the other countries that attacked us," it added, referring to the invasion that toppled his regime nearly four years ago.

Against the backdrop of sectarian killings that have dragged Sunni Arabs and Shiite Muslims into civil warfare over the past year, Saddam urged his countrymen to "remember that God has enabled you to become an example of love, forgiveness and brotherly coexistence."

But he also voiced support for the Sunni Arab-dominated insurgency, saying: "Long live jihad and the mujahedeen." He urged Iraqis to be patient and rely on God's help in fighting "against the unjust nations."

Saddam said he was giving his life for his country as part of that struggle. "Here, I offer my soul to God as a sacrifice, and if he wants, he will send it to heaven with the martyrs," he said.

Despite his calls for conciliation among Iraqis, Saddam's legacy is brutal. He put suspected foes to death without trial, oppressed Kurds and Shiites, waged war on Iran and twice fought U.S.-led armies. He left an impoverished nation now gripped by sectarian bloodshed and an insurgency against the U.S. presence.

Violence struck Baghdad again Wednesday, with a car bomb killing eight civilians and wounding 10 near an Iraqi army checkpoint. Four more civilians died in a mortar attack in a Shiite neighborhood, and police found the bodies of 51 apparent victims of sectarian killings.

Questions had arisen about whether the appeals court's ruling needed to be approved by the Iraqi presidency, which customarily signs off on death sentences.

Busho Ibrahim, deputy justice minister, said it wasn't necessary. "According to the legal provisions of the court, there is no need for the approval of the presidency," he said.

A spokesman for President Jalal Talabani acknowledged the legal argument that the execution could go ahead without ratification by the president, who has expressed opposition to the death penalty.

"Some people believe there is no need for his approval," spokesman Hiwa Osman said. "We still have to hear from the court as to how the procedure can be carried out."

An official from Prime Minister Nouri al-Maliki's Dawa Party, speaking on condition of anonymity because he was not authorized to talk to the media, said that "the government wants Saddam executed as soon as possible."

Another official close to al-Maliki, who also refused to be quoted by name, said the execution would take place before the end of the 30-day period.

Saddam will remain in a U.S. military prison near the airport, Camp Cropper, until the day of the execution, at which point he will be handed over to Iraqi authorities, the official said.

Ghazzawi, the defense lawyer, said the letter by Saddam was released Tuesday and published Wednesday on the Web site of Saddam's former Baath Party.

The deposed leader said he was writing the letter because his lawyers had told him the Iraqi High Tribunal that tried his case would give him an opportunity to say a final word.

"But that court and its chief judge did not give us the chance to say a word, and issued its verdict without explanation and read out the sentence — dictated by the invaders — without presenting the evidence," Saddam wrote.

"Dear faithful people," he added, "I say goodbye to you, but I will be with the merciful God who helps those who take refuge in him and who will never disappoint any honest believer."

Some Saddam loyalists threatened to retaliate if he is executed, warning in a posting on the same Web site that they would target U.S. interests.

"The Baath and the resistance are determined to retaliate, with all means and everywhere, to harm America and its interests if it commits this crime," the statement said, referring to Baath fighters as "the resistance."

The Baath Party was disbanded after U.S.-led forces overthrew Saddam in 2003. The Web site is believed to be run from Yemen, where a number of exiled members of the party are based.

The appeals court also affirmed death sentences for two of Saddam's co-defendants, including his half brother. It ruled life imprisonment for a third was too lenient and demanded the lower court also sentence him to death.

Some Iraqis said Saddam should be hanged immediately, but others feared Iraq's bloodletting could escalate if the former dictator is executed at a time when sectarian attacks are already on the rise.

"Executing him now is dangerous. The situation is very bad. Things need to be calmer," said Saadia Mohamed Majed, a 60-year-old Shiite in Baghdad who wants the penalty to be postponed for at least three years.

Saddam is in the midst of another trial, charged with genocide and other crimes during a 1987-88 military crackdown on Kurds in northern Iraq. An estimated 180,000 Kurds died during the operation. That trial was adjourned until Jan. 8, but experts have said the trial of Saddam's co-defendants is likely to continue even if he is executed.

The U.S. command reported three American military deaths Wednesday, bringing the U.S. death toll for December to 93 in one of the bloodiest months for U.S. troops this year. Some 105 soldiers and Marines were killed in October, according to an AP count.

"This has been a difficult month for coalition forces, and the month is not over yet," a military spokesman, Maj. Gen. William Caldwell, said.

Two Latvian soldiers were also killed and three were wounded when a roadside bomb exploded under their Humvee, the Latvian Defense Ministry said. It was unclear where the incident took place, but Latvia has about 130 soldiers serving in Diwaniyah, 80 miles south of Baghdad.

A top aide to the radical Shiite cleric Muqtada al-Sadr was killed in a raid by U.S. troops Wednesday in the Shiite holy city of Najaf, an Iraqi lawmaker said.

The U.S. military said the death occurred during a joint operation by American and Iraqi troops. It described the man, Sahib al-Amiri, as a criminal involved in the use of roadside bombs.

Originally Posted by Par77

Wednesday, December 27, 2006

1 Iraqi Dinar = 0.0007552 US Dollar

1 US Dollar (USD) = 1,324.20 Iraqi Dinar (IQD)

Thursday, December 28, 2006

1 Iraqi Dinar = 0.0007733 US Dollar

1 US Dollar (USD) = 1,293.17 Iraqi Dinar (IQD)

WOW!! This is a 31.03 point jump from yesterday! WWWWHHHEEEEEEEEEEEEEEE!!!!

This is SOOOOOOOO exciting It is happening BIG TIME!! WE ARE A BLESSED GROUP FOR SURE And it is only going to get BETTER


from oanda site I forgot to mention where... oops

Par77, This is really neat. Does this correspond or parrallel reductions in the dinar from previous days as well, say back on Tuesday and Monday of this week?

The Iraqi dinar. The American dollar floating in the structure of the national economy
المصدر: الزوراءSource : Zawra
28 / 12 / 06
Since the founding of the Iraqi state in 1922 and within legal recognition of Iraq. There is legislative and executive powers, legal and governmental institutions formed in the light of that the government of according to the Constitution, including (the issuance of currency) and become the Iraqi dinar The unit of measure deals by the Iraqis in the market compulsory and is considered the Central Bank of Egypt is what issue this currency according to special law, and became the Iraqi dinar with a status cash at home and abroad, because Iraq is considered one of the oil exporters that time and still, and as such Monetary the Iraqi the rolling the value of dinar (nominal value) specified by the law has become a criterion for exchange transactions and withdrawal and the international circulation according to system Gold rule, though related to example pound the British Before the revolution XIV of the in July 1958. Especially in terms of credit and foreign transfers, as it has a metal cover coupled with stable, especially after the liberation of Iraq from the ring (Pound sterling) remained as the cash list them (real value) compared to international rates.
In spite of the many shocks that hit the developed and the developing countries in conditions of political and economic changes led to the decline : Many of those currencies are dangerous, and we cite here, for example, only a few.
Where was (Deutsche Mark) for the equivalent of the American dollar (6 trillion) by the nominal value of the defeat of Germany in World War II by the Allies. As Annse what happened to the American dollar in the same 1972 fuel crisis in the rule of the American president (Nixon) of the floating landing and dangerous and deteriorating values of exports and imports to American foreign goods and services. What is the reason behind the latest deficit and a serious crack in the structure of the American economy, which led to the issuance of (American gold bullion with the Ministry of Finance, stored in the global markets. He did not receive such a decline of the dollar, which happened before, and even in the international recession in 1930.
If we condemns between Iraq and its neighbor Iran in 1980 until 1988 of a devastating war sapped the energies and human infrastructure of both countries, but the Iraqi dinar has not been affected as much Magder keeping its true value and the relative stability and has remained steadfastly circulation throughout the war, especially between the neighboring countries. But the Iraqi dinar has remained intact value of the cash and the rapid circulation and public confidence in the daily transaction. But what happened is it has been difficult for this criticism (dinar) that the can stand on its own two feet no longer of value (nominal value) any the stability of has been for this event serious development in the structure of the Iraqi economy after the government moved to conduct a preventive measure was wrong if it passed or the equivalent of (millions of dinars from the category of 25 dinars) led this would be that the dinar the words on the (commercial paper) in value (nominal value) Perhaps this sinister phenomenon with misconduct by the then government made it monopolizes (the dollar) the American in the Iraqi market, remained dinar patients is incurable from be bolstered or inflicted appropriate solutions. Because the performance evaluation of the monetary fine Iraqi particularly in the year 1994 after the penetration of the dollar is in the ring that he had not actually modifying any real value to the unity of the Iraqi dinar exchange measurement) to the dollar. Despite the fact that Iraq has enormous oil wealth more than the rest of the world in terms of trade credit and cash deal, especially European countries.
But the contrary is true as he got the American dollar on economic policy Iraqi dinar has not been able to stand up to him after the removal of the former regime and the loss of state control over strength and Bniaha economic and commercial How will the stability of the Iraqi currency
Represented by the patient (the dinar), which can not be cured under the umbrella of the American dollar pontoon got the whole Iraqi market. It is the seller and the buyer of Iraqi Aitamel only (by). Who is responsible for this decline?
The question before the Ministry of Finance as the Minister stated before on the need for (evaluation Iraqi dinar) and called for the activation to the volume of the American dollar. Will the Iraqi parliament seeks to lay the foundations evaluation of a new monetary unit. Or will the dinar against the dollar circuit? And how low the Iraqi economy to atrophy if the dinar to the spinal column that can not withstand and integrity?