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10-12-2006, 08:29 PM #381
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Safedinar
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11-12-2006, 01:43 PM #382
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12-12-2006, 03:30 AM #383
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News Sources reported that the iraqi's prime minister of Kurdish autonomous region talks with the central government on budgets and oil had failed, further threatening the unity of the fragile country.
MENAFN - Middle East North Africa . Financial Network News: Kurdish PM talks with counterparts concerning budget fail
Does this kill the 12/15 rumor?
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12-12-2006, 04:00 AM #384
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Hello: If the professors contact should see this maybe we could get an update before the 15th? thanks..
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12-12-2006, 04:01 AM #385
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I think susie had 4 contacts, maybe she will be able to check with them to get a yea or naye..
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12-12-2006, 04:24 AM #386
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12-12-2006, 04:32 AM #387
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Has anybody seen the article inside the L.A. times entittled "Iraqi Dinar builds head of steam amid nation's chaos" Good article.
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12-12-2006, 04:38 AM #388
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12-12-2006, 04:39 AM #389
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Here it is....
Iraqi dinar builds head of steam amid nation's chaos
The currency nears its peak value since being reissued in 2004. With the state buying to curb inflation, the strength may be temporary.
By Molly Hennessy-Fiske, Times Staff Writer
December 11, 2006
BAGHDAD — An unexpected bright spot has appeared in this war-ravaged Iraqi capital: The national currency is strengthening against the U.S. dollar.
The dinar has appreciated to about 1,400 dinars to the dollar, near its two-year high, triggering a dinar buying frenzy among currency traders.
"I had people call to sell $150,000, $100,000. I had to tell them I didn't have that many dinars," said Alaa al Shemry, deputy manager at the Beirut Exchange Co., where he sat last week, watching a man sell dollars for the blue 5,000-dinar notes adorned with waterfalls and desert fortresses.
Economists and investors say the dinar's rise is temporary and largely driven by the Iraqi Central Bank, which is buying the currency as it seeks to raise interest rates to combat rampant inflation.
But that hasn't stopped currency speculators from seeking to cash in.
Iraqi dinar builds head of steam amid nation's chaos - Los Angeles Times
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12-12-2006, 04:41 AM #390
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