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

This is new guys, it's on yahoo's currency listings. Fact it hasn't been listed since Feb 05 on their site. It has no rate below, maybe they're waiting for the new rate like the rest of us!!

U.S. Dollar to Iraqi Dinar Exchange Rate - Yahoo! Finance

Also, it wasn't on here until recently.

EURIQD=X: Summary for EUR to IQD - Yahoo! Finance

USDIQD=X: Summary for USD to IQD - Yahoo! Finance

What with this, the CBI Money Laundering update and the testing/trading for a minute on ADVFN's site for a minute last month sounds to me like they're gearing themselves up for something!

Thanks Adster - it's been terribly lonely in here for some hours now and your post is a breath of fresh air. GoooooooooDinarsssssssssssssss

This is new too.....

Bloomberg.com: Currency Calculator

Check this out, saw this on another forum, this part is new as of 1 July......

The new currency will be fully convertible into other, non-Iraqi currencies including the dollar, at the prevailing market rate.

Looking good, they're all getting ready!!!!




Currency Exchange
The new currency will be fully convertible into other, non-Iraqi currencies including the dollar, at the prevailing market rate.
Please note: OANDA does not exchange physical Iraqi dinars to other currencies.

It has in the past said Oanda does not exchange Iraqi dinars to other currencies the part above is new.

http://www.oanda.com/site/currencie...aqi_dinar.shtml
__________________

Are you saying it was not listed on this calculator before? I noticed last night that it was listed on XE.com universal converter and had not noticed it before.

15/08/2006
Source: Market Watch

Iraq's crude oil production is back at 2.5 million barrels a day after the pipeline that takes oil to Turkey was repaired, Iraq's Oil Minister Hussain al-Shahristani told the Iranian daily Sharq Monday.
The minister also said he believed the Organisation of Petroleum Exporting Countries will maintain their current output ceiling at its next meeting In September.
"The pipeline was recommissioned two days ago and with that Iraq's production rose to 2.5 million b/d," Shahristani said. The pipeline to Turkey, a popular sabotage target, has a capacity of 400,000 b/d.
Shahristani said plans are under way to raise Iraq's oil production to between 2.9 million and 3 million b/d by the end of the current year, and raise it by 500,000 b/d annually by 2010.
"Therefore, Iraq's oil production will rise to 4.5 million b/d by the end of the current (Iraqi) government in 2010," Shahristani said.
The surge in Iraq's production will be realized through the utilization of domestic resources and without any foreign involvement, he said. Any hike in the country's national oil production using foreign oil companies will raise production above and over the projected output.
"If the agreements with international oil companies on the development of oil fields are signed, Iraq's oil production will rise to 6 to 8 million b/d," Shahristani said, without giving any timeframe for this target.
He also said agreements being negotiated with foreign oil companies will be by no means limited to U.S. companies, and Iraq will take the advantage of such European energy firms as BP PLC (BP), Royal Dutch Shell PLC (RDSA), Total SA (TOT) and firms from China.
As to what OPEC plans to do with its output at its September 11 meeting in Vienna, Shahristani said: "We are currently deliberating with one another, but I am of the opinion that the current production ceiling be maintained."
Shahristani arrived in Tehran on Friday on a four-day official visit to follow up on the agreements between the two countries in the oil sector. The two countries are to explore the possibility of developing jointly their shared oil fields and a technical group was set up to advise on that.
On the likelihood of U.S. opposition to close cooperation with Iran in the vital oil industry, Shahristani said Baghdad decides on the basis of maximizing its own interests.
It was also agreed Iran would receive 100,000 b/d of Iraqi oil to refine at Abadan and Kermanshah refineries, of which Iraq would receive 2 million liters of kerosene among other derivatives.

Originally Posted by maxib

Are you saying it was not listed on this calculator before? I noticed last night that it was listed on XE.com universal converter and had not noticed it before.

Nope, these are all new, oanda as of 1 July, the other 2 within the last few days, and I tried xe at the weekend and it wasn't on there then. This could be very big!!!!

Originally Posted by maxib

Are you saying it was not listed on this calculator before? I noticed last night that it was listed on XE.com universal converter and had not noticed it before.

Interesting,

Even this a$$ backwords site with all the old negative information on top of search engines is now showing convertion calculator, now that is funny, they still call dinar a scam. Wonder when they will update their old opinions on dinar, or were they constantly being refreshed to get more site hits? Obviously, this is the game with most sites, and it works. LOL

Good luck to all, Mike

Just adding to the above, they've all updated and added the dinar since the 1 July. Why would they do that? No reason too unless the dinar is soon to become a fully convertible currency back on the world markets.

I see this as really positive news.

Now my night is complete - two of my favourite people are on line - Adster and Mike (OSW). I can call it a night and sleep well.