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

Posted by: nadioshka on Thursday, July 06, 2006 - 04:48 PM
Iraq-Currency
Dollar rate down in Iraqi central bank auction
By Dergham Mohammed Ali
Baghdad, July 6, (VOI) – The U.S. dollar declined in the daily auction of Iraq’s Central Bank on Thursday fetching 1,476 dinars down from 1,478 dinars the day before.
Demand for the U.S. currency rose to $42.590 million, including $28.610 in cash, from $36.300 million on Wednesday, the central bank said in a statement.
Owners of exchange offices said the decline in the exchange rate in the central bank auction would not reflect on the market rate.
"The central bank pumps dollars into the market to maintain the level of dollars in the local market at close rates. In the past the market was affected by dollar withdrawals," Ali al-Dawoodi, owner of the Fanar exchange office, told the independent news agency Voices of Iraq (VOI).
"The withdrawal of $100,000 or $300,000 from the market used to be enough to raise the exchange rate. Now this is out of the question," he added.
He said the market rate nowadays remained in a tight range around 1,480-1,495 dinars to the dollar. The rate usually goes up on Thursdays because it is the last working day of the week, he said.

http://www.aswataliraq.info/modules....rder=0&thold=0

TYVM Neno, and Offshore for the advise, and ideas. It's certainly serious food for thought.

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Originally Posted by Treater

TYVM Neno, and Offshore for the advise, and ideas. It's certainly serious food for thought.

No problem Tweater. You know as well as any of us....Two Heads is better than one.......But here Wow!!! So many Heads into it... We just read between the lines until we come to a conclusion.

I saw in April 2006 National Geographic

color or money

Iraqi dinar

has pic of old saddam 10,000 dinar note, and below it new 10,000 dinar note.

it says "The new Iraqi Dinar was launched in October 2003 at an exchange rate of 1,500 dinars to one US dollar. As it's worth fluctuates, investors flock to place bets on the currency, which they hope will stabilize and climb in value. "

It's a full page article. I ran across it last night just thumbing through some magazines on a table at work.

Originally Posted by Treater

I saw in April 2006 National Geographic

color or money

Iraqi dinar

has pic of old saddam 10,000 dinar note, and below it new 10,000 dinar note.

it says "The new Iraqi Dinar was launched in October 2003 at an exchange rate of 1,500 dinars to one US dollar. As it's worth fluctuates, investors flock to place bets on the currency, which they hope will stabilize and climb in value. "

It's a full page article. I ran across it last night just thumbing through some magazines on a table at work.

I am not quoting you on this Treater so dont quote me either. But I believe it was 4000:1 in October of 2003. I could be way off ,but I read if some where. I will try to find it.

neno on tuesday or shortly there after i will come into 10 by 5 with you $50.00 BOB

I would love to read that one. Can it be found on line anywhere?

Originally Posted by bob1940

neno on tuesday or shortly there after i will come into 10 by 5 with you $50.00 BOB

OK...Bob...All the threads are open in the General Program Talk again.

Anyways I have been trying to find that link. I got it from pipshurricane. Hey ph where is that link you had i liked so much? It has the history of the dinar and the New Dinar and it value in exchanged before it was stopped. I am looking for it for treater. I am just lost right now with all the pages of articles.

HEY TIFFANY...i'm worried about ur ""DANCIN BANANA""?????....lol...u dinar ladies crack me up....lol...i'm gonna have to show that banana how to do the "LOONIE COONIE" jig......lol...GO DINARS...Pat