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

Originally Posted by 3inOne

Hi all,

I just have one question to ask you dinar people. If the IRAQI DINAR is going to peg sometimes around this August as speculated and I hope it'll happen, where can people outside of USA go and exchange their dinar since it is not yet officially recognised as a global currency?? Honestly, I have not yet purchase any Iraqi dinar myself because I can't afford it. I wished i have. I am just curious.

Well,Wish you all the best.

Once the FIL is passed, the dinar is r/v'd then you will be able to go to airports, banks etc to exchange your dinar.

Tomorrow, or next week, doesn't really matter. The news is sounding good to me. Lots of news coming out, Thank goodness, the dry spell is over.

Your right Choochie, but I would rather it happen tomorrow so I could celebrate over the weekend. LOL

Why they need a r/v NOW!


http://www.peyamner.com/article.php...11&lang=english

...“We have not benefited from this growth and our life is just a misery….I could not stay with my family one night and have to work all the time,” Rashid said. Ahmad Agha Suleiman, a former co-worker of Rashid’s, agreed with his colleague; “Yesterday I bought 13 pieces of loaves for 1000 Iraqi Dinars and today I bought 10 pieces for the same price. Services don’t reach out to us because of the top officials.

...“The illusion of investment and development should be resolved. Investment is a superficial claim when individuals’ income does not reach more than $1200 per year,” said Nouri of this perceived culture of economic revival.

...If there is a net growth that means growth rate minus inflation rate, if it is a positive figure than you have a net growth rate in the economy,” Dr. Ahmad stated of his view of quantifying the economic reality of modern Kurdistan.

...We are today in a transitional phase and our economy suffers from many deficiencies and shortages, in general. Therefore, we need a scientific program to resolve its problems,” Nouri said of the need for patience in this hugely significant period of influx.

Voicing further disappointment with the current economic situation of the region, Rashid said, “This development and investment has not brought us anything good and has been only to the benefit of the rich people and businessmen,” and it is very difficult to assert the reality of economic growth to a man who cannot afford to support his own family.

Yep Adster,
they need the r/v to help the common man over there. This is when everything will calm down IMHO. The everyday people need to know that they will be taken care of, not just left behind.

Agreed Choochie, also feel the 'common man over here in England needs to be helped by a r/v'. LOL.

I'm sure us "commoners" in the United States could use a leg up also.

Dollar demand up at Iraqi Central Bank auction
Baghdad, Aug 9, (VOI) – Demand for dollars was up at the Iraqi Central Bank daily auction on Wednesday to $47.030 million from $35 million on Tuesday.
The dollar rate was stable at 1,477 dinars for the twelfth day running.
The central bank covered all bids for dollars which were $26.930 million in cash and $20.120 million in foreign transfers.
Fifteen banks bid to buy dollars but there were no selling offers.

Originally Posted by pipshurricane

Dollar demand up at Iraqi Central Bank auction
Baghdad, Aug 9, (VOI) – Demand for dollars was up at the Iraqi Central Bank daily auction on Wednesday to $47.030 million from $35 million on Tuesday.
The dollar rate was stable at 1,477 dinars for the twelfth day running.
The central bank covered all bids for dollars which were $26.930 million in cash and $20.120 million in foreign transfers.
Fifteen banks bid to buy dollars but there were no selling offers.

pips,

sorry for my ignorance, but what does that mean?
John

Originally Posted by jsfletcher

pips,

sorry for my ignorance, but what does that mean?
John

Is just the daily auction with the central bank of iraq.
Here the link: Exchange Rates