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

Originally Posted by SASQU@TCH

...it just doesnt make sense that the site would have to be down completely in order for it to update...

Very few of the Iraqi websites are managed consistent to the standards to which we are accustomed. Taking a site down in its entirety or in part seems to be common practice. Look at some of the bank websites, such as Warka. They are playing catch up. In general, some of the media sites are better managed, but that's their business. Major changes on the CBI site are rare, so this is possibly good news.

Translated version of http://www.cbiraq.org/cbc6.htm

Exchange rates and auction


أA سعار الصرف:The frenzy of exchange :

المديرية العامة للرقابة على التحويل الخارجيThe Directorate General of the supervision of foreign transfers

إعلان رقم (Declaration (No. 88 4040 ))

تمBeen افتتاح المزاد اليوميOpen daily auction الاربعون بعدAfter Session الثمانمائةEIGHT HUNDRED لبيع وشراء العملةThe buying and selling currency الأجنبيةForeign فيIn البنكWorld المركزي العراقـيThe Iraqi Central ليـومDay الخميس 11 / 1 / 2007 Thursday, January 11, 2007 وكانت النتائج كالاتي:The results were as follows :

الملاحظاتObservations التفاصيلDetails

----- 1010 عدد المصارف المساهمة في المزادThe number of banks contributing to the auction

----- 11 315315 السعر الاساس الذي رسا عليه المزاد بيعا دينار /دولارThe base price for the auction, which the yacht sell dinars / $

------ ----- السعر الذي رسا عليه المزاد شراءاً دينار / دولارThe price for the auction yacht Shraoua dinars / $
----- 56.840.00056.840.000 المبلغ المباع من قبل البنك بسعر المزاد -دولارThe amount sold by the bank at a price of the auction-$

----- ----- المبلغ المشترى من قبل البنك بسعر المزاد - دولار The amount the buyer by the bank at a price of the auction-$
----- 56.840.00056.840.000 مجموع عروض الشراء - دولارTotal bids - $

----- ----- مجموع عروض البيع - دولارTotal sales presentations-$


1-علماً ان :-One-note that : -

سعر البيع للحوالات ( 1313 ) دينار / دولار .The sale price of remittances dinars (1313) / $.

سعر البيع النقدي ( 1326) دينار / دولار .The sale price cash dinars (1326) / $.

2- الكميه المباعة نقدا" بمبلغ (16.560.000) دولار وحوالات بمبلغ (40.280.000 ) دولار .2-quantity sold in cash "in the amount of $ (16.560.000) and the amount of remittances (40.280.000) dollars.



المديرية العامة للاستثمارات The Directorate General of investments

نشرة أسعار بيع وشراء العملات الرئيسية ليومBulletin buying and selling rates of the major currencies on الخميس Thursday 11/1/2007 January 11, 2007

سعر الشراء بالدينار العراقيThe purchase price of the Iraqi dinar IQDUnsupported
سعر البيع بالدينار العراقيThe sale price in Iraqi dinars IQDUnsupported
رمز العــملةSymbol currency
العملةCurrency

1314.3431314.343
1315.0001315.000
USDUSD
الدولار الأمريكيThe American dollar

1700.7591700.759
1701.6101701.610
EUREUR
اليورو الأوربيEuro Union

25412541 .. 150150
25422542 .. 421421
GBPGBP
الباون الإسترلينيPound sterling

1116.6891116.689
11171117 .. 247247
CADCAD
الدولار الكنديCanadian dollar

1054.9341054.934
1055.4621055.462
CHFCHF
الفرنك السويسريSwiss franc

186.321186.321
186.414186.414
SEKTurnkey
الكرون السويديSwedish krone

204.208204.208
204.310204.310
NOKNOK
الكرون النرويجيThe Norwegian krone

228.260228.260
228.374228.374
DKKDKK
الكرون الدانماركيDanish krone

10.99710.997
11.00211.002
JPYJPY
الين اليابانيThe Japanese yen


أن الأسعار أعلاه تأشيرية و لا تشكل أي التزام على البنك المركزي العراقي .The above indicative price and does not constitute any obligation to the Central Bank of Iraq

Clicked on CBI link in RolClub site and this is what came up.

Announcement No.(840)

D.G. of Foreign Exchange Control

The 840 daily currency auction was held in the Central Bank of Iraq day Thursday 2007/ 1/11so the results were as follows :

Details Notes
Number of banks 10 -----
Auction price selling dinar / US $ 1315 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 56.840.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 56.840.000 -----
Total offers for selling (US $) ----- -----

11-01-2007
Action Central Bank led to the retreat of the dollar against the Iraqi dinar fall when Wallace
Waiting for real, concrete results
Morning-Baghdad - the backbone of the Principality

Witness the Iraqi dinar improved markedly these days about the dollar's exchange rate, the Central Bank of Iraq to attribute the cause of the recent measures adopted by the task of raising the interest rate as well as the introduction of large amounts of foreign currency to ...

The market, but a number of economists believe that these procedures were inadequate for the recovery of the purchasing power of the dinar is not accompanied by fiscal and monetary policies can achieve the required balance, it is expected expert at the Central Bank for improvement in the value of the Iraqi dinar with the decline in prices is gradually after two months from now.

(Morning) followed these variables through exploring the views of experts and exchange of money and inspect the market continuing to determine the extent of the impact of these procedures.

We note that prices are still stable despite the recovery value of the dinar relatively. The reason that the traders publicly Basaarham old to make up for the losses which they may be exposed by it.

There was some question need to answer around what the of actual forces that stands behind the deteriorating situations, or force in the exchange rates the Iraqi dinar on the important factors including, that the exchange rate of the Iraqi dinar determined practically in the exchange markets on the according to supply and demand factors Like the other goods and services, but that the demand for the foreign currencies longer a a derivative of the demand for foreign goods and services while the presentation of foreign currencies longer a reflection of a foreign request on the goods and services of Iraq, and considered experts economy reluctance of (monetary policy) on the address the great imbalances particularly in the market monetary and represented local currency liquidity and the increasing menaced and rising inflation rates in an accelerated manner revert undoubtedly a huge impact within the marketplace.

From period mastery of the light around collapses the last dollar Imam (the Iraqi Dinar) the economic expert met [d]. satisfaction of Al-Quraishi from the complete administration and the economy in comprehensive Al-Mustansiriyya who happened saying: There important point be necessary that understanding and she that the central bank Iraqi does presently on pure stability of price the Dinar Iraqi and not steadiness of price pure and that what straightens in him (the central bank) he operation of purchase for the Iraqi Dinar about road selling of the dollar and for many reasons [ytwxaahaa] (the central bank Iraqi) for the general occurrence on the currency Iraqi and blessing period of coverage of the expenses, and to pure stability of price the Dinar Iraqi be clear not to that the central bank for him genealogical power in this respect then that his incrementation of precautions from the difficult currency and special (the dollar) pure price the Dinar Iraqi opposite the dollar makes for your central yogurt the power on reinforcement, high incidences hit this measures her pursuit be necessary to the according to take in and in the shackles who the negative sides lessen from to minimum limit possible hit this The measures [txlw] from Iraqi passivity on summary the economy and the market aroused if does not harbor studied in shackles accurate and progressive, flag that the changes which lineage of the dollar happened in Iraqi Imam the Dinar not sudden changes yet she acceptable genealogical and hoped her circumstances of the market, and some experts confirm the economy that general disturbance the equilibrium which first appearances in year appeared her (1982) and current necessity the authority to the failure in the loan waver from the founded releasing, in this period back of parting in exchange rates in (the parallel market) about official price the dismissal fixed about and his the situation continues on status until shots of the work in regime of the import without external conversion where the discrepancy between price was the dismissal official and parallel limited and slow and to external concentrating most of commerce to Iraq cause [aandhaak] in hand of ministry the Iraqi commerce Which was official exchange rates are complete in where the trade balance was the external loans cover in and when the dealing released official in regime the import without conversion is external back to side the trade balance the drawings trade balance hidden crosses about value of the imports and exports across executors import and export of secret, and experts of the economy indicated to that parallel price the market be specified pursuant to the commercial failure in the balance hidden and who was obstructs spontaneous in smuggling the Iraqi currency to the adjacent states where the request was on her for purposes [mDaarbyt] futuristic.

These conditions in addition to the Iraqi economy for several strong shocks led to the structural imbalances in the structure of the Iraqi economy emerged as the negative results in the instability of the exchange rate of the Iraqi dinar and exposure to situations of weakness and deterioration, where it has become difficult to deal with the issues on the horizon, it must be a financial and monetary policy and clear-cut was aimed at stabilizing the country's economic situation.

bazrgany


Well, they are telling that the current rise isn't enough, what we already know.

They are talking about a two months period.

That can only mean 2 month from now then it's march, personally I think they need it now especially after Bush yesterday or they talk about the 2 months of rise by CBI that we had.

In the last case, which I hope, we should see a RV today!

Keep our fingers crossed, its in line with CBI down and updating!

Originally Posted by Hkp

Clicked on CBI link in RolClub site and this is what came up.

Announcement No.(840)

D.G. of Foreign Exchange Control

The 840 daily currency auction was held in the Central Bank of Iraq day Thursday 2007/ 1/11so the results were as follows :

Details Notes
Number of banks 10 -----
Auction price selling dinar / US $ 1315 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 56.840.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 56.840.000 -----
Total offers for selling (US $) ----- -----

Last auction of the week!

Don't forget that today is last day of the week and parliament have to finish things today.

If they announce it today, it must be after parliament meeting!

Remittances by the Ministry of Finance :

Declaration

The Ministry of Finance has decided to cancel auction remittances treasury (No. 51) on the January 8, 2007 due to lack of subscription Alasdarih full amount and the high discount rate of the banks and of 22% annually.


Translated version of http://www.cbiraq.org/cbc6a1.htm

Originally Posted by kiko

Last auction of the week!

Don't forget that today is last day of the week and parliament have to finish things today.

If they announce it today, it must be after parliament meeting!

Thanks Kiko, but will the CBI have another auction for the 12th ? I sure hope that parliament does finish things off for today and vote for the reval that we and they all need.

Originally Posted by celilo

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

I agree ..i can not even see writting on it nor a number. blowing it up was a joke in the program i tried. so we assume the position
and wait

Originally Posted by Hkp

Thanks Kiko, but will the CBI have another auction for the 12th ? I sure hope that parliament does finish things off for today and vote for the reval that we and they all need.

Friday & Saturday is their weekend, no auction.

First auction on Sunday!

Originally Posted by kiko

Friday & Saturday is their weekend, no auction.

First auction on Sunday!

Thanks Kiko,.I'm sorry I'm new at this but, I surely appreciate everyone's input when posting. Thanks to all and keep up the excellent updates that you all post.

Regards,
Hkp