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

Originally Posted by shotgunsusie

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arabic auction page is accessible and you can access all the arabic pages from the arabic menu on that page.

the page is still up and the arabic auction of yesterday but NO MORE MENU, lol.

this is definately a work in progress here. the currency page shows a partial html notation that when completed will then show the picture it is referencing in their files.

A little light bulb went off in the back of my head this afternoon. Earlier in this thread or the banking thread someone mentioned that most of the banks in Iraq are state owned. If that's the case and they are predominantly the ones who comprise the banks participating in the CBI daily auctions then it seems to me that their transactions really have no bearing on the Iraqi government's exposure to a reval.

After all, it is in a way simply moving USD from left pocket to right and Dinars from right pocket to left. The overall exposure and risk is unchanged other than the net effect of whether more USD is bought or sold in total..

In that case are they actually consciously assisting CBI in removing dinars from circulation since the net effect is a transaction between CBI and the state bank's ultimate customers?

If that is not the case then why did these banks buy 43,715,000 USD at a rate of 1315 NID to 1 USD when the street rate as we have been told is around 1000 NID to 1 USD. Surely the banks could have purchased some of their USD requirements from exchange dealers or banks in neighbouring countries (who are claiming that NID are scarce and I’m sure would have been happy to buy some) and saved themselves a part of the 315 NID difference per USD. Even if we factor in a dealer profit margin of let’s say 200 dinars the banks would still have saved around 115 dinars per USD. Might not sound like much but on 43,715,000 USD the savings would be 43,715,000 x 115 = 5,027,225,000 NID. That is 5 billion NID. Granted they probably could not have satisfied all their requirements that way but they sure could have gotten part of their needs filled that way and saved some dinars. Banks are usually very concerned about profits.


Just a thought.

Isn't there supposed to be some sort of big meeting or news conference today for them at 12 which is 1 hour??????????

Originally Posted by shotgunsusie

the page is still up and the arabic auction of yesterday but NO MORE MENU, lol.

this is definately a work in progress here. BOTH the currency pages now, coins and bills, shows a partial html notation that when completed will then show the picture it is referencing in their files. i believe they are writing the html scripting for new pictures they are uploading on the site so they can be viewed.

updated post...

Originally Posted by shotgunsusie

the page is still up and the arabic auction of yesterday but NO MORE MENU, lol.

this is definately a work in progress here. BOTH the currency pages now, coins and bills, shows a partial html notation that when completed will then show the picture it is referencing in their files. i believe they are writing the html scripting for new pictures they are uploading on the site so they can be viewed.

updated post...

http://images.google.ca/images?q=tbn:s8Eesl1Ep2lUXM:http://www.cbiraq.org/photogallery/p...humbnailB0.jpg

thats the photo they are attempting to upload to the currency bill page. its the ten dinar note that was listed on that pdf that someone found within the last couple months and posted and we determined that they were denominations that had previously been printed but never circulated.

it would make sense when considering they plan on removing the ten K note within a year or something to have the other one. when looking closely, it is considerably smaller in size than the other one and the writing is different on it. i believe they are indeed uploading the photos of the smaller denoms.

Originally Posted by shotgunsusie

its the ten dinar note that was listed on that pdf that someone found within the last couple months and posted and we determined that they were denominations that had previously been printed but never circulated.

How can you tell that it's a ten dinar note? Blowing it up yields nothing legible.

Hey, This is my first post in this thread, but it just doesnt make sense that the site would have to be down completely in order for it to update. I've got a couple websites myself and i never have to take them down to update them. (Not that i'm a naysayser... im all for this!) I did $4000 worth of damage to my moms car today and I, being a student, have only $1200 to my name... but... im holding $3800 worth of dinar! ...I need this RV pretty bad.
GO DINAR!!!

Originally Posted by celilo

How can you tell that it's a ten dinar note? Blowing it up yields nothing legible.

compared the photo with the one we had of the ten dinar note and the writings on the bill are identical and not the same as the 10K note. it could only be the ten k note or the ten dinar note as no other bill resembles it.

auction posted in arabic tonite:

(إعلان رقم (840)

تم افتتاح المزاد اليومي الاربعون بعد الثمانمائة لبيع وشراء العملة الأجنبية في البنك المركزي العراقـي ليـوم الخميس 11 / 1 / 2007 وكانت النتائج كالاتي:

الملاحظات التفاصيل

----- 10 عدد المصارف المساهمة في المزاد

----- 1315 السعر الاساس الذي رسا عليه المزاد بيعا دينار /دولار

------ ----- السعر الذي رسا عليه المزاد شراءاً دينار / دولار
----- 56.840.000 المبلغ المباع من قبل البنك بسعر المزاد -دولار

----- ----- المبلغ المشترى من قبل البنك بسعر المزاد - دولار
----- 56.840.000 مجموع عروض الشراء - دولار

----- ----- مجموع عروض البيع - دولار


1-علماً ان :-

سعر البيع للحوالات ( 1313 ) دينار / دولار .

سعر البيع النقدي ( 1326) دينار / دولار .

2- الكميه المباعة نقدا" بمبلغ (16.560.000) دولار وحوالات بمبلغ (40.280.000 ) دولار .



المديرية العامة للاستثمارات

نشرة أسعار بيع وشراء العملات الرئيسية ليوم الخميس 11/1/2007

سعر الشراء بالدينار العراقي IQD
سعر البيع بالدينار العراقي IQD
رمز العــملة
العملة

1314.343
1315.000
USD
الدولار الأمريكي

1700.759
1701.610
EUR
اليورو الأوربي

2541.150
2542.421
GBP
الباون الإسترليني

1116.689
1117.247
CAD
الدولار الكندي

1054.934
1055.462
CHF
الفرنك السويسري

186.321
186.414
SEK
الكرون السويدي

204.208
204.310
NOK
الكرون النرويجي

228.260
228.374
DKK
الكرون الدانماركي

10.997
11.002
JPY
الين الياباني


أن الأسعار أعلاه تأشيرية و لا تشكل أي التزام على البنك المركزي العراقي .