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

just went to chase and yes it is on the teller table ,dallas fort worth tx. confermed, chase is selling at just above the ex. rate

Originally Posted by eric69

just went to chase and yes it is on the teller table ,dallas fort worth tx. confermed, chase is selling at just above the ex. rate

Yes eric69, It is good to have another neighbor comfirming this. And Yes you have to go into the branch to Confirm it. They will no longer do it over the phone unless you just get lucky. They will also take them, but Please dont do that, yet.

here is a preatty good read

http://www.iraqdirectory.com/DisplayNews.aspx?id=1990

Originally Posted by jsfletcher

here is a preatty good read

http://www.iraqdirectory.com/DisplayNews.aspx?id=1990

that was a good read and good find. we are finally seeing the things we have been waiting to see . now with security looking up the banks geting in comeliance us banks pluging in .I think we have just 2 more pieces before the announcements of FIL ISX AND R/V transparancy of gov. pay and 2007 budget

Post by shotgunsusie:
call around for best rates. the more people with dinar you go in the bank with the more bargaining power you will have for rate.
ask around and find someone on here that lives close to you that will go in to get exchanged at the same time. 20 million together sounds better than 3 or 4 here and 5 here and 1.4 here, etc. use the money to your advantage.

remember that your money will more than likely be sent to a regional office for verification before the numbers reflect in your account. but all this is an entirely different subject and best left to the accountants and banking personel who are on this forum who would best assist at that point in the venture.



This was posted by shotgunsusie today. Not totally getting it. I tried to post to ask her myself but you have to wait and have your post approved and so on and so on.

So, how could having more dinar get you a better rate? Will not all banks exchange at the same rate and that rate being whatever it has r/v'd at or pegged at? And if we do have to fill out a form for anything over 10k who would want to have to take responsibility for the whole amount?

If anyone here knows what she is saying would you please explain to me. Like I said before, I'm just not getting it.

Thanks,
Monica

Originally Posted by dafit

i got the messgage below from another forum, have no idea if it si good or bad, but could the specialists react on this if possible:



"I believe that an increase in value of the Iraqi dinar will not be seen in the short term as the Iraqi government depends on the sale of the dollar to pay the expenses of the government from salaries to the internal contracts. Also, due to the high salaries which are being paid now to the public sector, most government employees will not accept a decrease in their salaries as they were very deprived in the days of the old regime. If this magic wand be struck on Iraq, then I am sure that we will over come all the neighboring countries in their standard of living.

As you are aware that foreign investment law is actually into operation in Iraq according to the new constitution. There is also an approval from the Prime Minister’s office to start this law. Unfortunately, no one is working on this law as there is no system being incorporated for this purpose at ISX.

Well this person is supposedly personel from Warka Bank. So I would think they would know a little more than any of us. I still think we have a ways to go yet. More than likely before the end of the year though. But hey what do I know? lol.....

(Voice of Iraq) - 03-09-2006 | This issue was sent to a friend

Baghdad Alhimus Numan : announced by the Speaker of the Iraqi Parliament Mahmoud Almshahadani that the parliament would hold its first Legislative chapter II on Tuesday, the fifth of this month. This came in a statement received Middle East »copy yesterday. It is hoped discuss several draft laws during the next legislative notably the extension of the emergency law, the appointment of special grades, including the appointment of Vice-President of the State Consultative Council, the Investment Law. the High Commission for the elections, the import and sale of oil derivatives.
Middle East.

hmmm.. "government depends on sales of USD to pay salaries" ?? guess that is valid to some extent since they probably pay the salaries in IQD and their revenue is primarily USD.. ok.. but.. that revenue is something like 6 BILLION USD per month these days of $70+ oil..

a very simple short term solution to get government employees through the period when prices and wages would be adjusting to the reval would be to simply pay them in USD. that should give them pretty much the same purchasing power they have today and would not cost the government one extra cent.

Originally Posted by jsfletcher

what do you make of this?

To me it sounds of a Brookrage trying to get the jump on the market with your money as Iraq opens the ISX after the Investment Law is announced. Thats IMHO.

The Republic of Iraq

Council of Ministers-the governmental communications

Media Relations

Press Release A press statement /

Sunday, 9 - 3-2006



Almshahadani : the House of Representatives will discuss a number Laws The conventions During the legislative II



A Maliki noted that the Speaker of the Chamber of Deputies d. Mahmoud Almshahadani that The The Council will hold its A Crown to separate the legislative II next Tuesday, 9 - 5-2006 , Adding that it will be The discussion of several bills during the next legislative notably the extension of the emergency law And Investment Law And The High Commission for Elections And The import and sale of oil derivatives As well as The network of social protection And Compensation Act affected From Business Military and The body of A And Allam A Tassalat And Law of the Ministry of Tourism In addition to The integrity of the public .



He pointed out that a number of agreements will be discussed within the legislative and the second most important Iraq's accession to the Convention on the Prohibition of the Use of Mines And The Convention on the Prohibition of Astkhadd A M Chemical Weapons And Ram Sar Convention on Wetlands And The draft convention trade and economic cooperation with the Republic of health and Singhafor E .



By A D onto met. Almshahadani in his official American delegation to examine the situation in Iraq under the chairmanship of Mr. James Baker, former Secretary The Foreign Affairs Former The membership of a number of former members of the United States Congress , During the meeting, Discussion and evaluation of the developments in the political and security situation in Iraq and the nature of the problems and challenges facing the country and ways to achieve stability in Iraq and begin reconstruction phase