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

Originally Posted by AzSkis

Glad to see we are back online...a few of my co-workers were starting to go into withdrawls ;)

I sure was!

Darn someone has too much in there headers, I am having to scroll again.

Interesting,

It looks like the backup files were back to 19th, so default settings from before that date were brought forward, so again, the interests category in your back office needs to be shortened now that it defaults to header.

Good luck to all, Mike

Someone posted elsewhere on another message board that Chase Banks held a corporate meeting and decided that they are "not going to handle the Iraqi Dinar at all". Is anyone able to confirm this?

As soon as I saw that, I contacted two different Chase branches here in Phoenix and they both told me I could come in and order the dinar and it would be there within 48 hours.

Thank goodness this forum is up and running again - I thought I was going to pull my hair out!!! I would like to thank everyone on this site for all the information they supply - I'll tell ya when this site went down and I tried to go on to other sites to see what was happening. There was no information!! Rolclub rules - everyone keep up the good work - Also, we all might want to think about meeting up on another site if this should ever happen again.

Originally Posted by WebGuy75903

Someone posted elsewhere on another message board that Chase Banks held a corporate meeting and decided that they are "not going to handle the Iraqi Dinar at all". Is anyone able to confirm this?

The same guy reposted again saying he made a follow-up call and again they told him that Chase Banks will not exchange dinar. No one else has confirmed this yet as far as I know.

Originally Posted by Vipor

Woohoooo... right on my B-day.

Get up earlier then normal, light a candle, before you blow it out; make that RV wish!

Then we party! Happy Birthday, again and again! When they stop, the compromised task is earth breaking! Patience works wonders! But, never pray for more patiences!

We need an RV bad folks!

http://www.alertnet.org/thenews/news...1d9020846d.htm

IRAQ: Homeless families seek government action
26 Sep 2006 12:24:13 GMT
Source: IRIN
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Background
Iraq in turmoil
More BAGHDAD, 26 September (IRIN) - Hundreds of homeless people demonstrated in Baghdad on Monday in protest over being evicted from government buildings and schools they had been squatting in.

They demanded the government take urgent action to find accommodation for their families, particularly in light of the onset of winter.

(Tell me that an RV will not help!)

Iraq Central Bank to apply International Standards Concerning Sufficiency of Capitals
September 26, 2006

The source added in a statement during the economic session, about the role of banks in the economic reformation process, held in the Ministry of Industry and Metals that Iraqi Central Bank is working fast to take an active role in the economic stability process in the country. The Bank is trying to dispense with some of mechanisms that were prevailing during the time of the ex-regime, especially lending governmental institutions. Therefore, there are serious studies about the possibility of starting and developing a governmental exchange market that will provide all institutions with cash fluidity as fast as possible. In addition, this will enable individuals and capital owners to find new types of guaranteed local investments and limit their running away outside the country.


The same source declared that Iraqi Central Bank is fully independent. It is exhorting great efforts to achieve a stable financial policy that will enhance Iraqi economy and rebuild it through several constructive steps.


The most important step among them is replacing the national currency. Old Iraqi dinar currency was replaced on the 14 of January, 2004 through substituting 4 trillions of old Iraqi dinars by a new currency. The step had many advantages which greatly regained trust in Iraqi dinar and improved the exchange rate. The late approval to grant licenses to foreign banks is another important step to build an active and competitive banking sector in Iraq. In addition to holding a daily auction of foreign exchange for Iraqi Central Bank. The main purposes of this auction are to reduce extreme changes in the exchange rate which may happen suddenly.


The Bank, also, legislated a new law that gives it: complete legal independence, clear authorization to work on achieving stable prices and active monitoring authorities. It started utilizing the open market processes through selling and buying the treasury transfers in order to control economic fluidity and stabilize the exchange flow. The Bank approved a new law concerning commercial banks and this is a main step towards establishing a financial system works according to the criteria. Iraqi law of commercial banks will enhance the Iraqi trade and release the interest rates.


The complete and full release of interest rates on local financial devices (goods, deposits and exchange) is already operative. The bank considers this procedure as an important step towards the emergence of an efficient contemporary financial sector enables loan borrowers to make up their own decisions in stead of being chained by the instructions issued by Iraqi Central Bank.


The bank is now applying several projects. The most important of which is: the reframing and re-qualifying of governmental banks, applying a serious monitoring system and developing the local one, creating a complete united statistical work that covers all main sectors and finally starting a governmental exchange market.(Source)Al-Sharq Al-Awsat
Iraqi Dinars | Iraqi News and Iraqi Money

Originally Posted by motomachi

Get up earlier then normal, light a candle, before you blow it out; make that RV wish!

Then we party! Happy Birthday, again and again! When they stop, the compromised task is earth breaking! Patience works wonders! But, never pray for more patiences!

We need an RV bad folks!

http://www.alertnet.org/thenews/news...1d9020846d.htm

IRAQ: Homeless families seek government action
26 Sep 2006 12:24:13 GMT
Source: IRIN
Printable view | Email this article | RSS [-] Text [+]
Background
Iraq in turmoil
More BAGHDAD, 26 September (IRIN) - Hundreds of homeless people demonstrated in Baghdad on Monday in protest over being evicted from government buildings and schools they had been squatting in.

They demanded the government take urgent action to find accommodation for their families, particularly in light of the onset of winter.

(Tell me that an RV will not help!)

Very nice! I see the Iraqis are adopting USA policies!!!!!!!!!!!

This is the same stuff our scum bag politicians do to USA citizens every single day! I say we start going after these fxxxing axxholes!!!!!!!!!!

Voices of Iraq: Iraq-Currency
Posted by: saleem on Tuesday, September 26, 2006 - 01:31 PM

Iraq-Currency
Iraqi dinar at highest rate to dollar in five months
By Dergham Mohammed Ali
Baghdad, Sep 26, (VOI) – The Iraqi dinar scored on Tuesday its highest exchange rate to the dollar in five months, fetching 1,473 dinars compared to 1,474 dinars on Monday.
Demand was down $11 million to $43.015 million from $54 on Monday, the bank said in its daily statement.
The bank covered all bids which were $26.875 million in cash and $16.140 million in foreign transfers.
Ali al-Yassery, owner of an exchange office, told the independent news agency Voices of Iraq (VOI) the lower rate of U.S. dollar against the Iraqi dinar was due to a shortage of local currency against an increase in the foreign currency supply leading to a lower demand for dollars. Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq