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Sunday, 06/08/2008 6:56:29 PM

Sunday, June 08, 2008 6:56:29 PM

Post# of 29692
Dinar speculation...

http://www.atimes.com/atimes/Middle_East/FF17Ak01.html
"Many people sold anything they could to buy Iraqi dinars," Mohammed al-Abyad, chairman of the Egyptian Foreign Exchange Association told IPS. "
“Many foreigners in Iraq are also buying up dinars in the hope that it will recover strongly.”


http://www.latimes.com/business/la-fi-dinar11dec11,0,771392.story?coll=la-headlines-business&tra...
Alhajji says he watched teenagers in Jordan and Saudi Arabia respond to the e-mail, buying up the currency.
"They seriously think they can gain money by buying Iraqi dinars. This has become like a fever over there,"
“At Dinar Trade in Brentwood, Tenn. (formerly Bakersfield), sales dropped off during the last few months but picked up again in the last two weeks as many of its 54,000 customers took a renewed interest in the dinar, an employee said.”

http://www.irinnews.org/report.aspx?reportid=22824
“small-time Pakistani investors and even ordinary people are flocking to currency dealers to buy the new Iraqi dinar”
“ reports of large-scale smuggling to several Gulf states as well as to South Asia”

http://www.newsline.com.pk/NewsFeb2004/economy2feb2004.htm
“The daily trading volume of Iraqi currency is still enormous as compared to other currencies.”

http://www.iraqidinars.org/158/iraqi-dinar-purchases-approved-by-israel/
“Despite Trading with the Enemy Act prohibiting trade in enemy currency, finance minister approves trade in Iraqi dinar for another year.”

If Iraq and the CBI are trying to keep speculation down… they are doing a terrible job at it.
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