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

A Very good one :)))

Here is a good site, were you can see mid east markets and the value they have! Looking at it, Iraqs value should atleast reval at 0.3 IMO.

These are all the mid east markets that were available

Originally Posted by pipshurricane

A Very good one :)))

Yes, a very good one indeed, but I hope that it goes very much higher than that for everyone. The sky is the limit. LOL

Wildfire.

Hey john, Hey I want a Adam to give each of us am much higher ride than that.

Lower demand for dollars in Iraq, rate stable
Baghdad, Aug 21, (VOI) – Demand for dollars was lower at the Iraqi Central Bank daily auction on Monday, scoring $45.875 million compared to 49.145 million on Thursday.Fifteen banks bid to buy dollars on Monday but none made selling offers, the bank said in its daily statement received by the independent news agency Voices of Iraq (VOI).The bank covered all bids which were $28.095 million in cash and $17.780 million in foreign transfers.“The dollar rate was stable for the fifth week running fetching 1,477 dinars,� the statement said.
Ali al-Yassery, owner of an exchange office, said the lower demand for dollars was due to a shortage of local currency against an increase in the foreign currency supply leading to a lower demand for dollars."

Baghdad, Aug 21, (VOI) - Iraqi Trade Ministry is taking steps to activate its commercial and economic relations with many states worldwide, a trade ministry statement said on Monday.
"The ministry, through its economic relations department, started considering all files related to bilateral agreements it concluded with other states and any proposals to reach better relations with these countries ," Iraq's Trade minister was quoted in the ministry statement, , received by the independent news agency Voices of Iraq (VOI), as saying.
" An Iraqi delegation has already been sent to Vietnam at an invitation by the Vietnamese government to discuss with the officials there means of promoting the bilateral relations and to consider the signature and activation of bilateral agreements in order to give Vietnam the appropriate opportunity to rebuild the Iraqi economy", said the statement
The trade ministry also is to handover complete files on its current relations with Bahrain, China and Yemen to heads of joint committees so as to look for new prospects contributing to relations improvement and experience exchange that would streamline in pushing the Iraqi economy wheel forward, the statement added.
The Iraqi trade ministry, meanwhile, said that China had showed a desire to supply Iraq with agricultural equipment within a program to activate the commercial and economic relations between the two countries.
"Details of the offer were referred to the Iraqi Agriculture ministry as it would be the equipment end user to determine its needs," the trade ministry spokesman said on Monday.

Originally Posted by danny51

I am in the part that borders the panhandle of Idaho, LOL

I'm down in Beaverton, OR - suburb of Portland.

Originally Posted by Weston

I'm down in Beaverton, OR - suburb of Portland.

Great place.. I recently moved from Aloha, 185th & Baseline

John

Beaverton just won a game at the Little League World Series

Originally Posted by Weston

I'm down in Beaverton, OR - suburb of Portland.

I love Beaverton...I have attended church services there at the ACROPOLIS and the STARS!!! hehehehe. Praise Allah!!

Hey guys,

Found this on another forum. Have a read but please don't ask me to explain it.




I came across an informative report on the U.S. Treasury website discussing Fixed vs. Flexible Exchange Rates.

http://www.treasury.gov/offices/inte...Appendix_2.pdf

This might explain the effect of pegging the dinar against a major currency, such as the dollar, under the strict guidance of the IMF. This is contrast to what seems to be the current situation of dinar valuation based on the auctions maintained at the CBI.

It cleared up some issues for me, and gives ample precedence for pegging weak currencies in order to stabilize their economies. Think Kuwait, after the first Gulf War, which is pegged against the dollar.