Iraqi dinar - From Wikipedia, the free encyclopedia
The dinar (pronounced: di-'när) (Arabic: ?????, Kurdish: ?????) (sign: ?.?; code: IQD) is the currency of Iraq. It is issued by the Central Bank of Iraq and is subdivided into 1,000 fils (???), although inflation has rendered the fils obsolete.

The dinar was introduced into circulation in 1923, replacing the Indian rupee, which had been the official currency since the British occupation of the country in World War I, at a rate of 1 dinar = 13? rupees. The dinar was pegged at par with the British pound until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of 1 dinar = 2.8 dollars. By not following the devaluations of the U.S. currency in 1971 and 1973, the dinar rose to a value of US$3.3778, before a 5 percent devaluation reduced the value of the dinar to US$3.2169, a rate which remained until the Gulf War, although in late 1989, the black market rate was reported at five to six times higher (3 dinars for US$1) than the official rate.[2]

After the Gulf War in 1991, and due to the economic blockade, the previously used Swiss printing technology was no longer available. A new, inferior quality notes issue was produced. The previous issue became known as the Swiss dinar and continued to circulate in the Kurdish region of Iraq. Due to excessive government printing of the new notes issue, the dinar devalued quickly, and in late 1995, US$1 was valued at 3,000 dinars.

Following the deposition of Saddam Hussein in the 2003 invasion of Iraq, the Iraqi Governing Council and the Office for Reconstruction and Humanitarian Assistance began printing more Saddam dinar notes as a stopgap measure to maintain the money supply until new currency could be introduced.

Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed by De La Rue using modern anti-forgery techniques, to "create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives."[3] Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar.

These new banknotes led to a new industry of selling the new Iraqi dinar to oversea investors who hoped to profit from Iraq's new currency when the economy improved. The provisional government of Iraq has made this legal, but the banknotes are exchanged at different rates by companies wanting to make profit. Due to the success of this program, though, Iraqi dinar has been widely counterfited.

Although the value of the dinar appreciated following the introduction of the new banknotes from 4,000 dinars per U.S. dollar, at the time of their introduction, to a high of 980 dinars per dollar, it is now held at a "program" exchange rate, as specified by the International Monetary Fund,[citation needed] of 1170 dinars per US dollar at the Central Bank of Iraq. However, there is not yet a set international exchange rate and so international banks do not yet exchange Iraqi dinar. The exchange rate available on the streets of Iraq is around 1200 dinars per US dollar.

For a wider history surrounding currency in the region, see The History of British Currency in the Middle East.

Speculation
On May 3, 2007, the IMF released a statement in relation to the international compact with Iraq, which has turned the tide in regards to speculation on the Iraq dinar. The contents of the article discuss changes made in Iraq on the economic front of how the Iraq government had eliminated fuel subsidies. The article also stated that the Central Bank of Iraq had raised interest rates in an attempt to allow a gradual appreciation of the dinar in an attempt to fight dollarization of the Iraq economy. Although there are claims of widespread optimism of some language used later in the press release among some dinar speculators, there have been no publicly released statements or analysis by any news sources or governments.[4]

Coins
Coins were introduced in 1931 and 1932 in denominations of 1, 2, 4, 10, 20, 50 and 200 fils, with the 200 fils known as a rial. The 20, 50 and 200 fils were minted in silver. In 1953, silver 100 fils coins were introduced.

Following the establishment of the Iraqi Republic, a new series of coins was introduced in denominations of 1, 5, 10, 25, 50 and 100 fils, with the 25, 50 and 100 fils in silver until 1969. In 1970, 250 fils pieces were introduced, followed by 500 fils and 1 dinar coins in 1982. Coin production ceased after 1990.

In 2004, new 25, 50, and 100 dinars coins were introduced. However, these coins proved to be unpopular & were withdrawn from circulation.
http://en.wikipedia.org/wiki/Iraqi_dinar

Central Bank of Iraq's Governor, Sinan Shabibi and the United Nations ...UN Meeting Nov. 23-24 ...
Friday, November 20, 2009
http://articlesofinterest-kelley.blogspot.com/2009/11/central-bank-of-iraqs-governor-sinan.html

Fueled by expectations of growing inflation after aggressive government pump-priming measures around the world to help prevent major economies from falling deeper into recession, spot gold prices have risen 14 percent in two months.

Gold and Dinar Investments Gain Interest
http://blackhillsportal.com/npps/story.cfm?id=3414

Iraq may not pay for Kurdish oil for years -exec
Jordan asks for more Iraqi oil
Iraq-Shell gas deal likely to be delayed
Contracting with local firms to supply power stations with fuel
A huge investment opportunities in oil
Cairn yet to decide on bidding for Iraq oil round
Iraq wants to double its oil production four times
Iraq budget panel sees 2010 oil price at $60 per bbl
Shahristani wants Iraq oil contracts signed by Jan
Iraq violence threatens oil deals
Mitsubishi gets 5 percent of Shell Iraq JV gas project
Dana Gas profit rise through the sale of a share in an Iraqi unit
PM calls on BP to do more in Iraq

Gotcha - I was referring more specifically to the dropping of the zeros part, but I understood the rest of the post, so thanks for the explanation

UPDATED – Banking News

***** - Iraq on a roll - Dr Sinan Al-Shibibi
*LOP - Mentioned, NOT Implied
DEC08 ISSUE102
http://www.cpifinancial.net/v2/Magazine.aspx?v=1&aid=1809&cat=BME&in=102



Dollar to Dinar? Coming Sooner Than You Think
LOP - Not Mentioned, Nor Implied
Story by Staff Sgt. Mark Burrell
Date: 07.16.2009
Posted: 07.16.2009 05:41
http://www.dvidshub.net/?script=news/news_show.php&id=36437
Trade of the Day
LOP - Not Mentioned, Nor Implied
Fri, Jun 5 2009, 03:16 GMT
http://www.fxstreet.com/technical/forex-forecasts/trade-of-the-day/2009-06-05.html

Foreign investors to have the right to own state properties – spokesperson
LOP - Not Mentioned, Nor Implied
June 2, 2009 - 04:10:56
http://en.aswataliraq.info/?p=114058

Iraq to re-merge into global economic system – official
LOP - Not Mentioned, Nor Implied
May 31, 2009 - 10:53:11
http://en.aswataliraq.info/?p=113934

City to become regional trading hub
LOP - Not Mentioned, Nor Implied
KUWAIT CITY, May 2
http://www.arabtimesonline.com/kuwaitnews/pagesdetails.asp?nid=31885&ccid=9


Iraq parliament adopts $58.9 billion budget
LOP - Not Mentioned, Nor Implied
Thu Mar 5, 12:03 pm ET
http://news.yahoo.com/s/afp/20090305/wl_mideast_afp/iraqeconomypoliticsbudget_20090305170524

The Iraq Central Bank's sales exceeded 2 billion dollars in February
LOP - Not Mentioned, Nor Implied
March 04, 2009
http://www.edinarfinancial.net/news/?quer=&nm=&ny=&nn=581
Central Bank adviser: Iraq is committed to the policy of liberalization of current accounts
LOP - Not Mentioned, Nor Implied
2/25/2009
http://www.iraqdirectory.com/DisplayNews.aspx?id=8584

Stock market to launch electronic trading
LOP - Not Mentioned, Nor Implied
February 10, 2009 - 12:34:46
http://en.aswataliraq.info/?p=107846

UAE is willing to invest billions of dollars in Iraq
LOP - Not Mentioned, Nor Implied
Thursday, February 05, 2009 12:46 GMT
http://www.alsumaria.tv/en/Economics-News-Iraq/3-27651-UAE-is-willing-to-invest-billions-of-dollars-in-Iraq.html

Iraq to issue 1st post-Saddam bonds for $5 bln
LOP - Not Mentioned, Nor Implied
Wed Jan 28, 2009 7:05pm IST
http://in.reuters.com/article/asiaCompanyAndMarkets/idINLS6298220090128

***** Iraq is FREE of Its Obligation to the IMF - International Monetary Fund
08 January 2009 ( Iraq Directory )
http://www.iraqupdates.com/p_articles.php?refid=DH-S-08-01-2009&article=43050

The Central Bank of Iraq is Raising the Value of Dinar Gradually
*LOP - Not Mentioned, Nor Implied
04 January 2009 ( Iraq Directory )
http://www.iraqupdates.com/p_articles.php/article/42815/refid/RN-story-05-01-2009

Iraq tax revenues jump 16% in 2008
Thursday, 01 January 2009
http://www.arabianbusiness.com/542485-iraq-tax-revenues-jump-16-in-2008

The Central Bank of Iraq will reconsider its monetary policy
LOP - Not Mentioned, Nor Implied
Translated by IRAQdirectory.com - [12/27/2008]
http://www.iraqdirectory.com/DisplayNews.aspx?id=7858

Iraq on a roll - Dr Sinan Al-Shibibi
LOP - Not Mentioned, Nor Implied
DEC08 ISSUE102
http://www.cpifinancial.net/v2/Magazine.aspx?v=1&aid=1809&cat=BME&in=102
Iraqi central bank governor interviewed on monetary situation
LOP - Not Mentioned, Nor Implied
Nov 22, 2008 (BBC Monitoring via COMTEX) --
http://www.zibb.com/article/4468689/Iraqi+central+bank+governor+interviewed+on+monetary+situation

The Iraqi Commercial Bank will issue Master Card
Translated by IRAQdirectory.com
LOP - Not Mentioned, Nor Implied
[11/15/2008]
http://www.iraqdirectory.com/DisplayNews.aspx?id=7373

Dinar Rate to Hike as Iraq Raises Interest Rates
LOP - Not Mentioned, Nor Implied
Monday, November 3, 2008
http://jumpinginpools.blogspot.com/2008/11/dinar-rate-to-hike-as-iraq-raises.html

CBI: removal of zeros meant to boost currency policy
*LOP - Not Mentioned, Nor Implied
October 27, 2008 - 08:52:41
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://en.aswataliraq.info/%3Fp%3D101904

The Central Back of Iraq stresses on zeros lopping
LOP - Mentioned, and Implied
Translated by IRAQdirectory.com - [9/29/2008]
http://www.iraqdirectory.com/DisplayNews.aspx?id=6980

The Iraqi Dinar between the illusion of zeros and the game of economy
*LOP - Mentioned, Just Explained
[9/10/2006]
http://www.iraqdirectory.com/DisplayNews.aspx?id=2045

Iraq central bank takes steps to ‘rebase dinar’Published: Sunday, 24 August, 2008,
*LOP - Mentioned, and Implied
08:22 AM Doha Time
Published: Sunday, 24 August, 2008, 08:22 AM Doha Time
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=237500&version=1&template_id=48&parent_id=28

Iraq '09 Budget Could Reach $100B, Up $30B Over '08
LOP - Not Mentioned, Nor Implied
by Hassan Hafidh Dow Jones Newswires Wednesday, August 13, 2008
http://www.rigzone.com/news/article.asp?a_id=65418

Iraqi banking sector shows signs of health
LOP - Not Mentioned, Nor Implied
Published: July 23, 2008
http://www.iht.com/articles/2008/07/23/business/23iraqbanks.php

Big Gains for Iraq Security, but Questions Linger: …
1 to 1.5B Buyback …… Page 3, paragraph 7
LOP - Not Mentioned, Nor Implied
Page 3 - June 21, 2008
http://www.nytimes.com/2008/06/21/world/middleeast/21security.html?hp%3Cbr%3E

Iraqi inflation falls to lowest in over 17 years
LOP - Not Mentioned, Nor Implied
Mon Jan 21, 2008 3:53pm GMT
http://uk.reuters.com/article/worldNews/idUKCOL15465320080121

Economic boost gives hope to Iraqis
LOP - Not Mentioned, Nor Implied
Saturday, 03 January 2008, 12:11 GMT
http://news.bbc.co.uk/1/low/programmes/from_our_own_correspondent/7183073.stm

2008: Iraqi Dinar will see the high value of 2008
January 3, 2008
http://www.dinarbanker.com/2008-dinar-news/iraqi-dinar-will-see-the-high-value-of-2008.html

Zero Lop or Zero Lopping the Dinar Analysis
*LOP - Mentioned, Implied, NOT a Good Idea
http://www.dinar-into-dollars.com/zero_lop_analysis.html

LOP - The Iraqi Dinar between the illusion of zeros and the game of economy
*LOP - Mentioned, and Explained
12/September/2006 at 2:13pm
http://www.iraqdirectory.com/forums/forum_posts.asp?TID=364

Iraq to earn millions from $5 billion federal deposit
LOP - Mentioned, and Explained
(08/02/05)
http://www.iraqdevelopmentprogram.org/idp/news/new680.htm

“Press Statement on Visit to Iraq to Discuss Progress on Monetary and Financial Issues”
LOP - Not Mentioned, Nor Implied
February 8, 2005
http://www.ustreas.gov/press/releases/js2240.htm

First Day of Dinar Exchange Proceeds Smoothly, Represents Big Step in Iraq
WASHINGTON, Oct. 15, 2003
http://www.defenselink.mil/news/newsarticle.aspx?id=28315

It is in general Iraq "IS" doing better. You have to keep up with them in order to know what I am saying.
- they are building business
- their ball teams are building up.
- they are using their own money more and more. To the point that our own service personell no longer can use "OUR" monry over there. And the Banking will no longer except US money in operations there
- MANY THINGS

I haven't heard about that....where did you hear that rumor and what are the details, please? TIA!

Well, Well, Well ... it appears that Iraq is looking beter and beter all the time. Its "appears" that they approved the dropping of the Zeros, but the ecconomy is stalling it.
I am reading alot of scams going on and conversations explaing the scams in general. Especialy that "SO CALLED DR" There is so many holes in his approac he can not even think a strait thought. He begins with a thought, and before he gets to the point he has started another thought. And those on that board, some are still pumping it.

WOW, things seem to be getting interesting.

Still a slow day in Iraq. Deals being made but no increase yet.

Iraq: Suspected Al Qaeda Leader Captured In Baghdad

April 23, 2009


Suspected Al Qaeda in Iraq leader Omar al-Baghdadi was captured in Baghdad on April 23, Agence France-Presse reported, citing an Iraqi military spokesman.

Iran, Iraq: Pipeline Deal Reached

April 23, 2009


Iraq and Iran have agreed to a deal that will build an oil pipeline between Basra in southern Iraq a mile across the border to Abadan in southwest Iran, Iranian state-run Islamic Republic News Agency reported April 23. The 32-inch pipeline will send Iraqi oil to an Iranian refinery, and is expected to account for half the 430,000 barrels per day processed at the Abadan refinery.

Yea but some of us {ME} don't have Years to wait on Another Goverment Offical who's worried about INFLATION. Time to GET ER DONE.

We "WILL" do well ....

Guys, Iraq is looking very good.

its been quiet for a while

Yes me to. But I bought looking at the Dinar as retirement. But othere have to lie and mislead others to gain their wealth. That is pathedic and they are cowards. As a budy said to me, an cmplete waste of skin ...

I have been strait forward and to the point. That is why I have been outcasted. LOL what a bunch of idiots. But my stuff is organized and is there for others to see. I sleep very well.

PHEW, I thought I was going HOOPY and Everybody had Left me in the Dark.lol. I still wish they would Hurry it up.I want a New TOY.LOL

no bud its just quiet. I only started this board to keep me organized, anyway. Others want to cause problems is not a concern. Its just quiet and they make my board premiun to try and piss me off. I am to much for their hidden adjenda.

Well I see from the LACK OF POST HERE it appears eveyone has Lost Faith in the DINAR ever making a COMEBACK to Post war error Value.True it HAS gone UP in Value some,But I don't think many will buy it anymore UNLESS the Iraq Gov makes a Huge Value Increase.jmo

200 billion Dinars allocated to enhance and develop Baghdad streets and habitation zones

Friday, March 13, 2009 10:57 GMT
http://www.alsumaria.tv/en/Economics-News-Iraq/3-29107-200-billion-Dinars-allocated-to-enhance-and-develop-Baghdad-streets-and-habitation-zones.html

That is great. I hope they do not steal your money when you go for it. Why is there no other banks other than Warka being pushed over there.

Ok I see. So I ran to another board because I would not except the truth ha. Some people are as dumb as a bag of hammers. That was never the issue and YOU know it. You are probabley friends with Aerospaces BS and deceptions. The point to this board was to organize the info do others could see what was up. Mostly to keep my self organized. That other board only posts info with NO LINKS. So others are suppost to just believe what they post. And ADMIN does nothing to their posts that are full of TOS. Of course thay are having conversations now. I wonder why that is.

Any way, no one should base their desision on any ones posts from I-Hub. Only there own DD. No one will get BS here.

UPDATED - Iraq's Positive Stories

http://www.edinarfinancial.net/news/?quer=&nm=&ny=&nn=566



American Village – Exclusive New Homes Villas in Kurdistan
http://www.americanvillage.info/NewGallery.asp … Contractor

UPDATED – Inflation, Economy,



SoI Receive Payments From Iraqi Government
Published: December 25,2008
http://newsblaze.com/story/20081225070315zmil.nb/topstory.html


Cabinet allocates $ 100 mln to Diyala province
http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=67356

Scores of foreign companies wants invest in Iraq
http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=67357

Cabinet allocates $ 100 mln to Diyala province
http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=67356

Time for Iraq to Pay the Bill
Published: August 7, 2008
http://www.nytimes.com/2008/08/08/opinion/08fri1.html?_r=1&em&oref=slogin

Iraqi official defends spending, surplus
Friday, Aug 8, 2008
http://www.kansascity.com/451/story/737559.html

Iraqi central bank says inflation is dropping
http://www.iht.com/articles/ap/2008/07/21/business/ME-Iraq-Inflation.php

Economic boost gives hope to Iraqis
Saturday, 12 January 2008, 12:11 GMT
http://news.bbc.co.uk/1/low/programmes/from_our_own_correspondent/7183073.stm

UPDATED - Debt Forgiveness



Iraq and Kuwait Will Discuss the Compensations File at the Economic Summit This Month
16 January 2009
http://www.iraqupdates.com/p_articles.php?refid=DH-S-16-01-2009&article=43470

UN extends immunity for Iraq's energy revenues
December 23, 2008, 10:26 am
http://au.news.yahoo.com/a/-/world/5229401/extends-immunity-iraqs-energy-revenues/

UAE to cancel Iraq's $7 billion debt
http://www.cnn.com/2008/WORLD/meast/07/06/iraq.uae/index.html

Iraq to earn millions from $5 billion federal deposit (08/02/05)
http://www.iraqdevelopmentprogram.org/idp/news/new680.htm

Forgive the Iraqi Debt, April 30, 2003
http://www.heritage.org/Research/TradeandForeignAid/em871.cfm

UPDATED – Oil, Gas News …
http://www.iraqenergyexpo.com/

Doura Oil Refinery – Movie Clip
http://www.iraqenergyexpo.com/Video/Aliveinbaghdad-RefiningOilInTheDouraDistrict140.wmv


Al-Zubaidi: No fears of the impact on Iraqi Economy due to lower global oil prices
Translated by IRAQdirectory.com - [2/2/2009]
http://www.iraqdirectory.com/DisplayNews.aspx?id=8319

UPDATE 2-Iraq slashes 2009 budget to $62 bln
2009-01-25 16:11:41 GMT (Reuters)
http://www.forexpros.com/news/commodities-&-futures-news/update-2-iraq-slashes-2009-budget-to-$62-bln---e-23331

Iraq slashes 2009 budget as oil prices fall
Reuters, Sunday January 25 2009
http://www.guardian.co.uk/business/feedarticle/8321964

The Ministry of Oil is Calling the British and Italian Companies to Invest in Iraq
08 January 2009
http://www.iraqupdates.com/index2.php/scat/1

Iraq Press Roundup
Friday, January 2, 2009
http://www.metimes.com/Security/2008/07/24/iraq_press_roundup/7225/

NEW YEAR … 2009

The unapproved draft of oil and gas is impeding the foreign companies from investing in Iraq
Translated by IRAQdirectory.com - [12/24/2008]
http://www.iraqdirectory.com/DisplayNews.aspx?id=7818

Security Council: SC/9556 … 22 December 2008
Department of Public Information • News and Media Division • New York
SECURITY COUNCIL VOTES TO EXTEND ARRANGEMENTS FOR DEPOSIT OF PROCEEDS
FROM IRAQ’S OIL, PETROLEUM PRODUCTS, GAS INTO DEVELOPMENT FUND
http://www.un.org/News/Press/docs//2008/sc9556.doc.htm

Falling oil prices squeeze Iraq budget
Originally published Wednesday, December 17, 2008 at 12:00 AM
http://seattletimes.nwsource.com/html/nationworld/2008528984_iraqoil17.html?syndication=rss

Shahristani pitches Iraq\'s big oil plans to global oil firms
2008-12-10
http://www.iraqenergyexpo.com/story_detail_exhibitors.php?id=4883&language=&news_type=

IRAQ: Low oil prices could affect government aid to IDPs
Friday 05 December 2008
http://www.irinnews.org/Report.aspx?ReportId=81811

Iraq Cuts `09 Budget Spending After Oil Price Fall
Published: October 30, 2008 14:07h
http://www.javno.com/en/economy/clanak.php?id=198053

Baghdad and Kurds edge closer to oil pact
December 4 2008 19:20
Keeping Iraqi gas stations legitimate is a full-time job
Iraqi security forces, GIs monitor fuel for corruption, theft
Mideast edition, Monday, September 1, 2008
http://www.stripes.com/article.asp?section=104&article=57126

FACTBOX-Energy, tourism, farming focus in Iraq's Kurdistan
31 Aug 2008 00:04:32 GMT
http://www.alertnet.org/thenews/newsdesk/LT48181.htm

Iraq oil minister sees possible oil oversupply
Article layout:
WARSAW, Aug 21 (Reuters)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31633211

Iraq resumes oil exploration
Dan Graeber on August 10, 2008 in Uncategorized
http://www.iraqoilreport.com/2008/08/10/iraq-resumes-oil-exploration/

Iraq, Syria to boost trade exchange to $1 billion
Azzaman, August 7, 2008
http://www.azzaman.com/english/index.asp?fname=news%5C2008-08-07%5Ckurd.htm

Iraqi parliament sets special session
Published: Jul 31, 2008 12:30 AM Modified: Jul 31, 2008 06:56 AM
http://www.newsobserver.com/505/story/1159952.html

Iraq's Budget Surplus Could Top $79 Billion on High Oil Prices
Wednesday, August 06, 2008 FOXNEWS.COM HOME > WORLD
http://www.foxnews.com/story/0,2933,398464,00.html

Iraq Issues Tenders To Drill 11 Oil, Gas Wells – Ministry
Dow Jones Newswires: 08-04-081212ET
http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20080804%5cACQDJON200808041212DOWJONESDJONLINE000286.htm&&mypage=newsheadlines&title=Iraq%20Issues%20Tenders%20To%20Drill%2011%20Oil,%20Gas%20Wells%20-%20Ministry

Iraq's oil output is highest since invasion, U.S. auditor says
BLOOMBERG NEWS
Wednesday, July 30th 2008, 12:28 AM
http://www.nydailynews.com/news/us_world/2008/07/29/2008-07-29_iraqs_oil_output_is_highest_since_invasi-2.html

Iraq's Rebuilding Planned at Nearly $120 Billion
Iraqis Planning to Spend Nearly $120 Billion for Their Own Rebuilding
By PAULINE JELINEK Associated Press Writer
WASHINGTON July 30, 2008 (AP)
http://abcnews.go.com/International/wireStory?id=5477155

Iraqi Oil Photos:
Published: July 24, 2008
http://media.ft.com/cms/88df8636-0395-11dc-a931-000b5df10621.swf

50 square-kilometer "Gas City" to be built in northern Iraq
http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20080729%5cACQRTT200807291422RTTRADERUSEQUITY_1077.htm&&mypage=newsheadlines&title=50%20square-kilometer

Jordan seeks $6.1 bln for railway project
www.chinaview.cn 2008-07-27 15:14:20 Print
http://news.xinhuanet.com/english/2008-07/27/content_8781038.htm

Oil exports from Northern Iraq rise sharply..............
Source: BI-ME and agencies , Author: BI-ME staff
Posted: 27-07-2008 Back Email Print RSS Feeds

IRAQ. An American agency monitoring reconstruction in Iraq said on Friday that oil exports through Iraq’s Northern pipeline rose more than tenfold over the past year, citing a sharp drop in attacks on the pipeline and new infrastructure built to protect it.
The Office of the Special Inspector General for Iraq Reconstruction, said in a report that there had been no insurgent attacks on the pipeline, which exports crude oil from Northern Iraq to Turkey, since the American infrastructure project began last July.
The work at the Kirkuk to Baiji Pipeline exclusion zone, phase 3, is partially funded by USAID's Economic Support Fund for Iraq.
As a result, crude oil exports from Iraq’s North rose from an average of 1 million barrels a month to more than 13 million, the report said. Nearly all of the Iraqi government’s revenue comes from oil exports, so the increased flow has direct implications for the Iraqi people. The increased exports were worth US$8 billion, the report said.
To protect the pipeline, berms, fences and guardhouses were built, and American soldiers patrol its 60-mile length. Iraqi guards monitor its perimeter. Iraq’s government has promised to commit almost 800 Iraqi soldiers to take over for the American patrols.
Ginger Cruz, the Deputy Inspector General, said the overall decline in violence in Iraq had helped account for the US$34 million project’s success. The rise in oil exports marked a sharp turnaround from earlier years, when Sunni Arab insurgents staged relentless attacks on the pipeline, often stopping the flow of oil.
The supply of crude oil has been flowing to the key Northern Baiji refinery, which has helped increase the production of electricity, the report said.

SPECIAL REPORT: What Do High Oil Prices Mean for Iraq's Future?
By DAVEED GARTENSTEIN-ROSS (Special to the Middle East Times)
http://www.metimes.com/International/2008/07/28/special_report_what_do_high_oil_prices_mean_for_iraqs_future/7411/

Occidental Sees Bidding For Iraqi Oil Fields Later This Year
http://www.foxbusiness.com/story/markets/industries/energy/occidental-sees-bidding-iraqi-oil-fields-later-year/

A New Era from Iraq’s Oil:
http://media.ft.com/cms/88df8636-0395-11dc-a931-000b5df10621.swf

Comparative Analysis of Ministry of Oil and Kurdistan fiscal terms as applied to the Kurdistan Region - Pedro van Meurs
June 15, 2008
http://www.krg.org/grafik/uploaded/Comparative-Analysis__2008_06_30_h13m28s23.pdf

Deals With Iraq Are Set to Bring Oil Giants Back June 19, 2008
Exxon Mobil, Shell, Total and BP — the original partners in the Iraq Petroleum Company — along with Chevron
http://www.nytimes.com/2008/06/19/world/middleeast/19iraq.html?_r=3&hp=&oref=slogin&pagewanted=print&oref=slogin&oref=slogin

First Iraqi oil tanker in 27 years
(18/12/07)
http://www.iraqdevelopmentprogram.org/idp/news/new1835.htm

UPDATED – Banking News

***** - Iraq on a roll - Dr Sinan Al-Shibibi
*LOP - Mentioned, NOT Implied
DEC08 ISSUE102
http://www.cpifinancial.net/v2/Magazine.aspx?v=1&aid=1809&cat=BME&in=102



Central Bank adviser: Iraq is committed to the policy of liberalization of current accounts
LOP - Not Mentioned, Nor Implied
2/25/2009
http://www.iraqdirectory.com/DisplayNews.aspx?id=8584

Stock market to launch electronic trading
LOP - Not Mentioned, Nor Implied
February 10, 2009 - 12:34:46
http://en.aswataliraq.info/?p=107846

UAE is willing to invest billions of dollars in Iraq
LOP - Not Mentioned, Nor Implied
Thursday, February 05, 2009 12:46 GMT
http://www.alsumaria.tv/en/Economics-News-Iraq/3-27651-UAE-is-willing-to-invest-billions-of-dollars-in-Iraq.html

Iraq to issue 1st post-Saddam bonds for $5 bln
LOP - Not Mentioned, Nor Implied
Wed Jan 28, 2009 7:05pm IST
http://in.reuters.com/article/asiaCompanyAndMarkets/idINLS6298220090128

***** Iraq is FREE of Its Obligation to the IMF - International Monetary Fund
08 January 2009 ( Iraq Directory )
http://www.iraqupdates.com/p_articles.php?refid=DH-S-08-01-2009&article=43050

The Central Bank of Iraq is Raising the Value of Dinar Gradually
*LOP - Not Mentioned, Nor Implied
04 January 2009 ( Iraq Directory )
http://www.iraqupdates.com/p_articles.php/article/42815/refid/RN-story-05-01-2009

Iraq tax revenues jump 16% in 2008
Thursday, 01 January 2009
http://www.arabianbusiness.com/542485-iraq-tax-revenues-jump-16-in-2008

The Central Bank of Iraq will reconsider its monetary policy
LOP - Not Mentioned, Nor Implied
Translated by IRAQdirectory.com - [12/27/2008]
http://www.iraqdirectory.com/DisplayNews.aspx?id=7858

Iraq on a roll - Dr Sinan Al-Shibibi
LOP - Not Mentioned, Nor Implied
DEC08 ISSUE102
http://www.cpifinancial.net/v2/Magazine.aspx?v=1&aid=1809&cat=BME&in=102
Iraqi central bank governor interviewed on monetary situation
LOP - Not Mentioned, Nor Implied
Nov 22, 2008 (BBC Monitoring via COMTEX) --
http://www.zibb.com/article/4468689/Iraqi+central+bank+governor+interviewed+on+monetary+situation

The Iraqi Commercial Bank will issue Master Card
Translated by IRAQdirectory.com
LOP - Not Mentioned, Nor Implied
[11/15/2008]
http://www.iraqdirectory.com/DisplayNews.aspx?id=7373

Dinar Rate to Hike as Iraq Raises Interest Rates
LOP - Not Mentioned, Nor Implied
Monday, November 3, 2008
http://jumpinginpools.blogspot.com/2008/11/dinar-rate-to-hike-as-iraq-raises.html

CBI: removal of zeros meant to boost currency policy
*LOP - Not Mentioned, Nor Implied
October 27, 2008 - 08:52:41
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://en.aswataliraq.info/%3Fp%3D101904

The Central Back of Iraq stresses on zeros lopping
LOP - Mentioned, and Implied
Translated by IRAQdirectory.com - [9/29/2008]
http://www.iraqdirectory.com/DisplayNews.aspx?id=6980

The Iraqi Dinar between the illusion of zeros and the game of economy
*LOP - Mentioned, Just Explained
[9/10/2006]
http://www.iraqdirectory.com/DisplayNews.aspx?id=2045

Iraq central bank takes steps to ‘rebase dinar’Published: Sunday, 24 August, 2008,
*LOP - Mentioned, and Implied
08:22 AM Doha Time
Published: Sunday, 24 August, 2008, 08:22 AM Doha Time
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=237500&version=1&template_id=48&parent_id=28

Iraq '09 Budget Could Reach $100B, Up $30B Over '08
LOP - Not Mentioned, Nor Implied
by Hassan Hafidh Dow Jones Newswires Wednesday, August 13, 2008
http://www.rigzone.com/news/article.asp?a_id=65418

Iraqi banking sector shows signs of health
LOP - Not Mentioned, Nor Implied
Published: July 23, 2008
http://www.iht.com/articles/2008/07/23/business/23iraqbanks.php

Big Gains for Iraq Security, but Questions Linger: …
1 to 1.5B Buyback …… Page 3, paragraph 7
LOP - Not Mentioned, Nor Implied
Page 3 - June 21, 2008
http://www.nytimes.com/2008/06/21/world/middleeast/21security.html?hp%3Cbr%3E

Iraqi inflation falls to lowest in over 17 years
LOP - Not Mentioned, Nor Implied
Mon Jan 21, 2008 3:53pm GMT
http://uk.reuters.com/article/worldNews/idUKCOL15465320080121

Economic boost gives hope to Iraqis
LOP - Not Mentioned, Nor Implied
Saturday, 03 January 2008, 12:11 GMT
http://news.bbc.co.uk/1/low/programmes/from_our_own_correspondent/7183073.stm

2008: Iraqi Dinar will see the high value of 2008
January 3, 2008
http://www.dinarbanker.com/2008-dinar-news/iraqi-dinar-will-see-the-high-value-of-2008.html

Zero Lop or Zero Lopping the Dinar Analysis
*LOP - Mentioned, Implied, NOT a Good Idea
http://www.dinar-into-dollars.com/zero_lop_analysis.html

LOP - The Iraqi Dinar between the illusion of zeros and the game of economy
*LOP - Mentioned, and Explained
12/September/2006 at 2:13pm
http://www.iraqdirectory.com/forums/forum_posts.asp?TID=364

Iraq to earn millions from $5 billion federal deposit
LOP - Mentioned, and Explained
(08/02/05)
http://www.iraqdevelopmentprogram.org/idp/news/new680.htm

“Press Statement on Visit to Iraq to Discuss Progress on Monetary and Financial Issues”
LOP - Not Mentioned, Nor Implied
February 8, 2005
http://www.ustreas.gov/press/releases/js2240.htm

First Day of Dinar Exchange Proceeds Smoothly, Represents Big Step in Iraq
WASHINGTON, Oct. 15, 2003
http://www.defenselink.mil/news/newsarticle.aspx?id=28315

Yes tthat makes since. Their first push would be the main for sure. I noticed to day their push for allowing forign investors to run freely as long as they hold the Dinar.


Central Bank adviser: Iraq is committed to the policy of liberalization of current accounts
LOP - Not Mentioned, Nor Implied
2/25/2009
http://www.iraqdirectory.com/DisplayNews.aspx?id=8584

Wayne, I checked Iraqs banking system with what the CBI had to offer as to names and addresses. As you had probably seen as myself like a years ago or so they now list 7 state run banking systems, 21 private banking systems, 4 Foreign banking systems and 7 Islamic. I would think that the State run banking systems might be their avenue and first political push rather then the private banks, yet the private systems would allow, or might, a whole lot of business leverage for competition in my thoughts. As for the Foreign banks I just am not sure, and forget about that last banking system mentioned!

Some investors don't like it when people try to explain the reality that a huge ReVal will never happen without being proceeded by a LOP, so they ran away from the other board.

WayneC777 wrote:

"Warka. Now that is pure Genius ... using a cowards way to get ahead. How much is Warka kicking back to you guys?"

Answer: 14% interest on the CD I bought last February, I'm told it's down to 10% as of this January.

Hmmm He I wonder If I went to the CEO of I-Hub and showed him what is going on ... I Wonder what he would say ... lol

Correct Ma??

Welcome ckyrbygo. If you see anything in there out of place or not there and should be let me know. It taks all of us to keep a clean and "CLEAR" info section.

The bottom section is for storage for things to go through. And there is stock learning stuff there.

Oh ya, ther is NO HIDDEN ADJENDA'S HERE .........

Hi Wayne, nice board here. Havent had a chance to review everything, but at least it is another board to read. I also have seen the website at KTF; however, they have too many rumors that people just like to make up.

Areospace, THANK YOU - you are correct bud. I do have your links at the bottom. I saw them and WILL go through then to see why you told Ncebab what you did. YOU are the one that is always saying READ MY POSTS and then you will know. Since you gave them to Ncebab I took them and stored them, and will go through your BS. Glad to see your reading my board. I learn from EVERYWHERE ... Keep your friends close, And you ENEMIES CLOSER lolo. Later bud.

Aerospace, when you tell people to go read my posts and they are ALL veig and deceptive, YOU KNOW they will not go through them all. Those are just Words genius. And you also knoe that your board Iraqi Dinar Discussion Board (IQD) has a hiden adjenda. There is NEVER an strait answer over there except from a few good guys. TMCC, Rusica, Rick

This is at the top of my in section:
This Board is about the Iraq's Dinar. But knowing about the People and what they are doing will help us see the stability of the Dinar while getting to know the People. So although our focus is on the Dinar we will discuss some of what the people are doing becoming closer, and welcoming them. There are a few Posters other than myself (WayneC777 ) that have done DD, and found info on other boards and I have brought the info here. They are (tmcc ), (RICK C ) and (Rasica). I seek info from everywhere so investors can have a clear and organized understanding of the info. If anyone has any info that is worth using, let me know and I will review it.


Hey spell this for me, would you please you are beter at it than me. I am not good at it. That is what you are only best at.

Yes my spelling is not the greatestand some is typo's. But that does not make me stupid. As far as 911 that is your choice.

THAT my friend is what this board is for.

Where are you from your spelling is kinda like european or something. also I dont agree with what you say about the towers so be it, but i will listen and see if i can make money or not. i am not here to make friends only money

is that why you said it seems that there is only propaganda overthere. Meaning my board.

I will tell you whats up here. I do not put up with BS.

1 - If someone wants to hand me BS I rap it up and hand it back to them.
2 - Aerospace is ALWAYS spreading crap with nothing to back his claims up. He talks in outer space with NO TRUTH. I asked the MODS to address the problem and they swept it under the rug, and did nothing. I asked DIRECT question, because I want direct answers. I got redirecting and deceptions.
3 - There is good people over there but MOST have hidden ajenda's. Including the some MODS.


I fell that board has a hidden adjenda in scaring unsuspecting investors into SELLING their dinar because THEY KNOW what in going to happen. I DO NOT play that game. Do I would show both sides of the street so those that did not know could have another opinion. Since they did not like my direct style that pissed them off. In the mean time another investor and I were talking about starting another board. I wanted myne organised and in order. So things happened and here it is. After that (check the dates) I Banned Areospace as soon as I cold because of his crap. He then banned me. Now muffbuster if you really want the truth you will see my posts over there before the time I was banned and you WILL SEE the comversations I had. NONE of then were TOS/ Aspecially for being banned. Aerospace IS NOT who he says he is. He is someone you would NOT SUSPECT ...

I pissed off some people ... lolo

NOW I have an organized board with very few but Real Invesstors, and ANYONE can come and get their info without deceptions and BS. And if they do not like it, then their adjenda is NOT to help others. I "WILL" stand and Fight the Good Fight ...

So wether you believe it or not, is NOT my concern. Its only yours wether you say (that other board it seems that there is only propaganda overthere) or not.

not apart just wondering why 2 boards.

WOW what was that!

Let me put it this way.

1 - What you paid you should have no problem getting your money back at any time, between NOW or in ten years. But in the mean time its has the totential of growing.
2 - If it takes the slow crawl you have Retiremant money there.


Remember when you turn it in you should NOT turn in anymore than 9,500.00 per day. If you turn in 10k or more in one day, they charge you tax in 10K or more per day.
If you go back to Iraq you shouls ask if you can open an account in CBI Bank. Ask the spacific question if an American come over there would they have a problem opening an account "THERE"

And by the way ... you asked why so touchey??
You came to "ME" and startin in on me. Sorry, but when someone wants to hand me Crap I DEAL WITH IT and give it back to them. And yet you still trash me on the other board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35078667
If you are appart of that other board, you will have to do better than that.

no judge or jury here just asked why so touchey . i have some dinar from when i was there and just wondering i cant find a place to sell it. So with that said i guess i have to hold and hope it runs one day.it happenned in the 70s and 80s with the yen i did ok then.

Wow, now you turn on a Dime and are trying to be nice, or is this an Illusion ...

DO ONE KNOWS when or wher they will increase the value of the Dinar. But in the info section is a TON of DD. Here is a couple of things to get you started. All we have is PR's and a since of business for some and business experience for some of us. And a whole lot of common sinse to make a deturmination.
But what I will say is from those of us that have been in this for years we are seeing a large push for getting thing accomplished over there. And they have Done alot of it. Her are copies from the I-Box to get you started.

PERSONALLY I am excited for dropping the Zero's, But I understand the need for a slow Crawl. But a LOP ... I do not agree with at all. That makes NO sinse.




Here are some main points:

NEWS ARTICLES - IRAQ:

Points of Great Stride. Iraq's Dinar is doing great.

IRD has increased in value since 2003. From 2000.00 to current 1170.00
IRD is the most secured currency in the world from fraud.
IRD is new, and the only currency in Iraq
The bank spends $1 billion to $1.5 billion every month in oil revenue to buy Iraqi dinars on the open market, said Mudher M. Salih Kasim, senior adviser to the bank.
Countries are forgiving BILLIONS of Iraq's debts ... Which will mean Iraq would be close to Debt Free with their NEW START ... 80 percent reduction on sovereign debt
The Paris Club wrote off 60 percent of Iraq’s foreign debts
December 15th 2008, Iraq bought back 282.5 billion dinar
Iraq became a SOVERIGN NATION on 1/1/09
They have to buy 5 Oil Tankers - How would they buy them at their current Dinar Value ? ? ? ...... Revalue
They have under contract to buy 5 new Jet Liners - How would they buy them at their current Dinar Value ? ? ? ...... Revalue
Kids are playing in the streets now.
Inflation went from 74% down to 14% 13.6% sinse last year ... A Major Plus
Inflation has also is the lowest in 17 Years
They said in 2008 they are to revalue the currency, but they can not because they need to get through options ... they are looking to drop 3 zeros
and more, its worth your time ... later



The Iraqi Dinar between the illusion of zeros and the game of economy
LOP - Mentioned, Just Explained
[9/10/2006]
http://www.iraqdirectory.com/DisplayNews.aspx?id=2045

The Central Bank of Iraq is Raising the Value of Dinar Gradually
LOP - Not Mentioned, Nor Implied
04 January 2009 ( Iraq Directory )
http://www.iraqupdates.com/p_articles.php/article/42815/refid/RN-story-05-01-2009

***** - Iraq on a roll - Dr Sinan Al-Shibibi
LOP - Not Mentioned, Nor Implied
DEC08 ISSUE102
http://www.cpifinancial.net/v2/Magazine.aspx?v=1&aid=1809&cat=BME&in=102

Oh1 I see so if someone didn't serve thay are nothing ... Who made you Judge and Jourey.

when do you think the dinar will be worth anything and how much would you consider purchasing for the novice investor.tia

POSTERS - I have been dealing with people that love to twist truths around here. I will not tolerate it. Any more will be deleted automatically. This board is for discussing the Dinar and Iraq's people. Anything else will be off topic.

Oh so Now your bashing the Marines by using that stature of strength and Prestige for your own gains ... NOT IMPRESSED BUD, I could start bragging and tell you that my family has been in the service all my life. My Uncle taught Pilots. My cousin has the power to override the President. But I will not. Some of my friends are Marine's. They do not run their mouth. They “PROVE a POINT” and a situation before running their mouth. I do not know who you are and do not care, but you need to grow up and quite using your Service Status as a way to show off. Cause it is not working here bud. And again you came back. I do not know what is pissing you off, but your attitude is Bullshet.
If you are so smart as you say and so Sure of your findings, then you have CLOSED YOUR MIND. Marines are open-minded and are scared of NOTHING. But you are scared of facing the truth. But yet when you asked me a question and I gave the answer, JUST BECAUSE it was not the answer you wanted, you automatically think the WORST. You know NOTHING … You DO NOT KNOW ME at all to make ANY judgments.

If You’re a MAN like your pumping behind your key board, them take that info and “PROVE ME WRONG” I am talking FACTS, not SPECULATION. I would LOVE for you to Prove me wrong. I would LOVE to know I WAS WRONG, my mind would be at ease. But you are to caught up in your GLORY of Stature of Being a Marine and it blinds you from reality, so you can not see anything else.
Look on the Back of your own Dollar bill Genius and look at that EYE. Google what is written under it. You WILL be beside yourself. When you find out what it says.

ONE WORLD GOVERNMENT … it’s coming