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The chase bank by me still has dinar...but in other places, people are claiming..no more dinar avalible??.......For instance....
--------------------------------------------------------------------------------
Next instalment..........I tried the Halifax next and got the same result as the Natwest, they don't have any dinars in stock so taking on Adster's info that they all get their currency from Travelex I called Travelex.
They said that the are struggling to get any dinars currently, They are going to call me back tomorrow and tell me whether or not I can go ahead and order from them directly. They don't have a home delivery service so if they have any I will have to pick them up from my nearest airport (Doncaster/Sheffield in South Yorkshire) in my case.
Karma, can you tell us anything about the revel or any insight on what might happen with this currency??
Cleveland Ohio...nice to meet you!
About the infamous phone call................Originally Posted by Darren Chabluk
No, I'm not a dealer, I'm a dealer 'Critic'. I support solid dinar dealer operations and I help clients become legal dealers as helping to reduce the risk of your iraq investing experience.
And yes, we are having another call next wednesday 7pm central time. I forgot to record the last one, it was the first time I used the system and the call was crazy. Everyone on it picked at least one thing up, from what I hear so far.
About the infamous phone call................Originally Posted by Darren Chabluk
No, I'm not a dealer, I'm a dealer 'Critic'. I support solid dinar dealer operations and I help clients become legal dealers as helping to reduce the risk of your iraq investing experience.
And yes, we are having another call next wednesday 7pm central time. I forgot to record the last one, it was the first time I used the system and the call was crazy. Everyone on it picked at least one thing up, from what I hear so far.
Heres a crazy rumor, but believable....why not??
..........Well she's got it now thanks. For what it's worth I got a pm from someone on another forum, (a regular) who's bank, Chase have accepted the dinar as collateral for a loan. A rumour yes, but I know the poster and the timing certainly makes this one an interesting one....move to rumours if you like mods.
__________________
Heres a crazy rumor, but believable....why not??
..........Well she's got it now thanks. For what it's worth I got a pm from someone on another forum, (a regular) who's bank, Chase have accepted the dinar as collateral for a loan. A rumour yes, but I know the poster and the timing certainly makes this one an interesting one....move to rumours if you like mods.
__________________
Let me get this straight...where exactly are you??
Thank you..I'm glad you don't mind, I enjoy a few good reads and a couple rumors here and there!
Did you know or hear of this guy Mike Silva??
From another forum....................
he then said he got a call from the same source at 4AM and was told they are bringing coins into the CBI & surrounding banks in Baghdad, he mentioned 5 cents etc. And said the significance is that they will have no value if they don't revalue.[/quote]
--------------------------------------------------------------------------------
ok guys.. here it goes..
my brother works in a bank in baghdad (sorry cant tell you the name of the bank for his job security). he said that there was a delivery of lower denoms (coins no notes) yesterday!!! he and his manager were the 2 employees that sorted and stock checked them. he saw
a quarter dinar coin
a half dinar coin,
a 1 dinar and
a 2 dinar coin!!!!
From another forum....................
he then said he got a call from the same source at 4AM and was told they are bringing coins into the CBI & surrounding banks in Baghdad, he mentioned 5 cents etc. And said the significance is that they will have no value if they don't revalue.[/quote]
--------------------------------------------------------------------------------
ok guys.. here it goes..
my brother works in a bank in baghdad (sorry cant tell you the name of the bank for his job security). he said that there was a delivery of lower denoms (coins no notes) yesterday!!! he and his manager were the 2 employees that sorted and stock checked them. he saw
a quarter dinar coin
a half dinar coin,
a 1 dinar and
a 2 dinar coin!!!!
22 Mar 2007 22:01:00
ISX
ISX increases
Baghdad (NINA) – The index of Iraqi stock exchange closed Thursday, March 22, on 28.308 points, increasing by 2.265% from the previous session. In Monday's session, 37 out of 93 registered companies traded more than one billion shares worth of more than 2.076 billion Iraqi Dinars. In the banking s
>> More >>
need a subscription to finish.....
22 Mar 2007 22:01:00
ISX
ISX increases
Baghdad (NINA) – The index of Iraqi stock exchange closed Thursday, March 22, on 28.308 points, increasing by 2.265% from the previous session. In Monday's session, 37 out of 93 registered companies traded more than one billion shares worth of more than 2.076 billion Iraqi Dinars. In the banking s
>> More >>
need a subscription to finish.....
Breaking News
Senate Appropriations Votes for Redployment
Byrd's Latest Attempt to Force Pull Out Now to Face Full Senate
Posted 0 hr. 7 min. ago
The Senate Appropriations Committee has just approved $121.6 defense spending billion bill, including the language inserted yesterday by Chairman Robert Byrd (D-WV), which would require the President to "commence the phased redeployment of United States forces from Iraq not later than 120 days" after its enactment.
Byrd's bill sounds similar to a measure voted down 50-48 last week, and it would similarly require a small number of troops stay behind for counterterrorism operations, training purposes, and to protect US assets.
See here for the full text of the newly-inserted provisions. appropriationsIraq.pdf
IraqSlogger: Senate Appropriations Votes for Redployment
Breaking News
Senate Appropriations Votes for Redployment
Byrd's Latest Attempt to Force Pull Out Now to Face Full Senate
Posted 0 hr. 7 min. ago
The Senate Appropriations Committee has just approved $121.6 defense spending billion bill, including the language inserted yesterday by Chairman Robert Byrd (D-WV), which would require the President to "commence the phased redeployment of United States forces from Iraq not later than 120 days" after its enactment.
Byrd's bill sounds similar to a measure voted down 50-48 last week, and it would similarly require a small number of troops stay behind for counterterrorism operations, training purposes, and to protect US assets.
See here for the full text of the newly-inserted provisions. appropriationsIraq.pdf
IraqSlogger: Senate Appropriations Votes for Redployment
This is still one of my favorite posts & he's only quoting numbers through Jan / 18th / 2007 . . .
***** Ok everyone. Just simmer down now. Look at the facts: http://www.cbiraq.org/key%20financial.xls In section 5 you can see that M2 went from 21 Trillion in December to 13 Trillion on January 18th. Also, I believe the only relevant number for a reval is the deposit component of M2 because this represents the current potential instant demand. The deposit component went from 10 Trillion in December to 2.8 Trillion on January 18th! Nearly 8 Trillion Dinar has been removed from the money supply as of JANUARY! Reval here we come!
I forgot to give credit to Tony Soprano / Jpardino for this info . . . Sorry Tony . . .
These numbers tie in quite nicely with The-Oklahoma-Fisherman's* numbers & furthermore - make the most sense . . .
I'm sure some Dinar get back into circl. - but a HUGE amount is being pulled OUT!! . . . furthermore again, they may keep *wringing* the sponge - removing more & more . . . The more they pull out NOW . . . the better for their country's NET VALUE!! . . . and ours too . . . IMHO . . .
Best to all . . . RR . . .
From another board.....This is still one of my favorite posts & he's only quoting numbers through Jan / 18th / 2007 . . .
***** Ok everyone. Just simmer down now. Look at the facts: http://www.cbiraq.org/key%20financial.xls In section 5 you can see that M2 went from 21 Trillion in December to 13 Trillion on January 18th. Also, I believe the only relevant number for a reval is the deposit component of M2 because this represents the current potential instant demand. The deposit component went from 10 Trillion in December to 2.8 Trillion on January 18th! Nearly 8 Trillion Dinar has been removed from the money supply as of JANUARY! Reval here we come!
I forgot to give credit to Tony Soprano / Jpardino for this info . . . Sorry Tony . . .
These numbers tie in quite nicely with The-Oklahoma-Fisherman's* numbers & furthermore - make the most sense . . .
I'm sure some Dinar get back into circl. - but a HUGE amount is being pulled OUT!! . . . furthermore again, they may keep *wringing* the sponge - removing more & more . . . The more they pull out NOW . . . the better for their country's NET VALUE!! . . . and ours too . . . IMHO . . .
Best to all . . . RR . . .
Did I tell you....I love the color Green!!!LOL
Gottcha!!
Well with all of the oil money they will be recieving they should have purest water around!!!
You know I thought they had one of the biggest supplies of water around?
You are right about that. I'm hoping the same thing, I think the dinar will be first!!IMHO!!
I was refering to the Diarrhea thing, please don't get me wrong, death is a serious matter anywhere and everywhere.
It was just the way they put the artical I thought was weird?!!
Holy Sh#@!!Are they serious.................................
22 Mar 2007 22:50:00
UNICEF
UNICEF warns of drinking water shortage in Iraq
Baghdad (NINA) – The United Nations Children Fund, working in Iraq, said that the chronic shortage of drinking water in Iraq threats to increase the level of diarrhea, which is the second cause of children mortality in Iraq. In a statement issued on Thursday, the UNICEF said, "Four years afterious?? Sorry, didn't mean to laugh, I mean that sucks!!
Holy Sh#@!!Are they serious.................................
22 Mar 2007 22:50:00
UNICEF
UNICEF warns of drinking water shortage in Iraq
Baghdad (NINA) – The United Nations Children Fund, working in Iraq, said that the chronic shortage of drinking water in Iraq threats to increase the level of diarrhea, which is the second cause of children mortality in Iraq. In a statement issued on Thursday, the UNICEF said, "Four years afterious?? Sorry, didn't mean to laugh, I mean that sucks!!
From another board..nice little read already brought it up for you!.......I don't know if you were around back then but there was a guy or "guys" (team) on IIF that use to always say that the dinar will revalue when the ISX opens. He even had a contact that was in a banking capacity in Iraq and posted this news article about him, I saved it Little Silver banker aids rebuilding of Iraq Lawyer tells of working in Saddam Hussein’s palace BY LAYLI WHYTE Staff Writer
He went by the username regenpower, does anyone remember him? IIF banned him and I cannot read any of his old post but I do remember that he would always insist that ISX was the key. Maybe this is the guy on the call?
Michael Silva worked at Saddam Hussein’s palace during his time in Iraq and lived in a sandbag-fortified trailer just outside.
LITTLE SILVER — Living in a sandbag-fortified trailer, working in the palace of former Iraqi leader Saddam Hussein and traveling in a vehicle with bulletproof glass sounds like the stuff of soldiers.
But it is the story of Little Silver lawyer Michael Silva, who for three months worked as an adviser to the Central Bank of Iraq.
Silva, 43, is an employee of the Federal Reserve Bank of New York who volunteered to work in Baghdad in October to assist in the effort to rebuild and reorganize the banking and economic structure of that country.
Silva received the secretary’s Honor Award from the Department of the Treasury and the Joint Civilian Service Commendation Award from the Department of Defense for his work in Iraq.
Michael Silva stands on Saddam Hussein’s parade route, where Iraqi troops used to march through what Saddam called the Victory Arch.
Although Silva’s work in Iraq was strictly in a civilian capacity, his time spent in the military made him an ideal candidate for his role in Iraq.
After graduating from the U.S. Naval Academy in 1983, Silva spent six years in the Navy as an F-14 Tomcat weapons officer before attending Columbia Law School, New York, graduating in 1992.
Because of his service in the Navy and his experience in international economic affairs, Silva was asked if he would volunteer for this mission last year with the U.S.-led coalition in Iraq.
"The Federal Reserve doesn’t require people to go to war zones," he said.
In 1992, he went to work at the Federal Reserve Bank, the nation’s central bank established by Congress to regulate the nation’s monetary and financial systems.
Because of Silva’s experience, he was hired to work with foreign central bank customers.
According to Silva, many foreign central banks prefer to keep their financial reserves in dollars.
"We have over a trillion dollars in foreign assets at the Federal Reserve Bank in New York," he explained.
Silva likens his job to that of an international financial "plumber."
"If you have a problem at your house with your bathtub, you call a blue-collar plumber," he said. "You want to move billions of dollars, you get me."
Silva was recruited to help set up an account for Iraq’s oil proceeds at the Federal Reserve Bank of New York.
"All of Iraq’s oil proceeds came to the Federal Reserve Bank," Silva said. "That’s where we maintained a special account that was mandated by the United Nations, and that account was called the Development Fund for Iraq."
Silva explained that because Iraq is a cash economy, there is literally no way to transfer money electronically. Instead, the Federal Reserve Bank transports billions of dollars in cash to Iraq.
The cash is transported in large, unmarked tractor-trailers with a helicopter escort overhead. The cash is taken to Andrews Air Force Base and loaded onto a military aircraft and flown to Iraq.
"I think our largest shipment was over $2 billion in cash," Silva said. "That took several tractor-trailers."
Silva was also transported to Iraq on a military aircraft, which is the only way to fly into the country.
"It’s very complicated to get into Baghdad, and the palace is an extremely chaotic place to work," Silva said.
His responsibilities there, as part of a 25-person banking team from the United States and Great Britain, focused on helping to reorganize the structure of the Central Bank of Iraq.The reorganization aimed to bring a more modern banking system to the Central Bank, the state banks and the private sector banks.
"First we issued a new currency without Saddam’s face on it," Silva said. "People would bring in their old Saddam currency, and we would give them new currency."
Silva and his team also helped to set up currency auctions, in which Iraqis could sell their dinars, the currency of Iraq, and receive U.S. dollars in exchange.
An Iraqi who became nervous about the state of the country’s economy could easily exchange the dinar for the stable dollar
Before the invasion, the exchange rate was 1,900 dinars per $1 in U.S. currency. As a result of the work by Silva and his team, the dinar appreciated about 30 percent to 1,300 dinars per one U.S. dollar, he said.
Silva and his team worked toward establishing a free-market economy in Iraq, which had previously been a centrally controlled economy.
"In Iraq, the price of gas had always been set at 2 cents a gallon," Silva said. "The price of food was controlled. The price of electricity was controlled."
Silva acknowledged that he witnessed a certain amount of violence, although he was in the "Green Zone," which was supposed to be a relatively safe place in Baghdad.
He was in the country when Saddam Hussein was taken into U.S. custody and said that he has never been so proud of America.
After Ambassador L. Paul Bremmer III, Silva’s boss at the palace, announced that Saddam had been captured, the group was told they would be spending the night in the palace for their safety. Silva ran into some Iraqi workers in the compound.
"They were very scared and nervous because they’d been in the compound, and they didn’t know what was going on," recalled Silva. "They just heard all this shooting. They were being supervised by a Jordanian. I told the supervisor, ‘Tell them we’ve captured Saddam.’ But he didn’t speak English, so I thought for a moment and I looked at the workers and I said ‘Saddam.’ "
Silva crossed his wrists — to denote being put into handcuffs — to indicate that Saddam had been arrested.
"For a second they were just silent, and then they just exploded," Silva remembered. "Yelling, clapping, several were crying, and they were slapping me on the back, saying, ‘Thank you. Thank you.’ Well, I didn’t do it."
Silva has high hopes for Iraq and its economy.
"The Iraqis are very educated, and they are very entrepreneurial, very hard working," he said. "They’re tough because they’ve lived under 25 years of brutal dictatorship.
"You’ve got capital, you’ve got education, you’ve got a work ethic," he continued.
He said two things have to happen for Iraq to make the transition to a democratic state.
"They have to establish security, and the Iraqi religious and ethnic factions need to learn to compromise," he said. "Security and compromise — you get those two things together, and Iraq’s going to be another Japan, another South Korea, another Germany.
"You really have to establish security and stop the dying on the streets before you can worry about central banking, before you can start gathering economic data and trying to control inflation, and clear checks and distribute money," Silva said. "It becomes a little silly when you’re trying to talk over the mortars and the rockets going off."
Silva described the work he did as the hardest he ever has had to do.
"We typically worked about 20 hours a day, going on three or four hours of sleep a day," he said. "There was just so much to do and so few people to do it.
"Everything was so hard to do because there are no phones, no computers; you can only move around with bodyguards and armor," Silva said. "It was very exciting. It was very stressful. It was occasionally scary. The last month or so I was really looking forward to coming home.
"I travel around a lot," Silva said. "And I always come home with the same thing to say: God bless the United States."
From another board..nice little read already brought it up for you!.......I don't know if you were around back then but there was a guy or "guys" (team) on IIF that use to always say that the dinar will revalue when the ISX opens. He even had a contact that was in a banking capacity in Iraq and posted this news article about him, I saved it Little Silver banker aids rebuilding of Iraq Lawyer tells of working in Saddam Hussein’s palace BY LAYLI WHYTE Staff Writer
He went by the username regenpower, does anyone remember him? IIF banned him and I cannot read any of his old post but I do remember that he would always insist that ISX was the key. Maybe this is the guy on the call?
Michael Silva worked at Saddam Hussein’s palace during his time in Iraq and lived in a sandbag-fortified trailer just outside.
LITTLE SILVER — Living in a sandbag-fortified trailer, working in the palace of former Iraqi leader Saddam Hussein and traveling in a vehicle with bulletproof glass sounds like the stuff of soldiers.
But it is the story of Little Silver lawyer Michael Silva, who for three months worked as an adviser to the Central Bank of Iraq.
Silva, 43, is an employee of the Federal Reserve Bank of New York who volunteered to work in Baghdad in October to assist in the effort to rebuild and reorganize the banking and economic structure of that country.
Silva received the secretary’s Honor Award from the Department of the Treasury and the Joint Civilian Service Commendation Award from the Department of Defense for his work in Iraq.
Michael Silva stands on Saddam Hussein’s parade route, where Iraqi troops used to march through what Saddam called the Victory Arch.
Although Silva’s work in Iraq was strictly in a civilian capacity, his time spent in the military made him an ideal candidate for his role in Iraq.
After graduating from the U.S. Naval Academy in 1983, Silva spent six years in the Navy as an F-14 Tomcat weapons officer before attending Columbia Law School, New York, graduating in 1992.
Because of his service in the Navy and his experience in international economic affairs, Silva was asked if he would volunteer for this mission last year with the U.S.-led coalition in Iraq.
"The Federal Reserve doesn’t require people to go to war zones," he said.
In 1992, he went to work at the Federal Reserve Bank, the nation’s central bank established by Congress to regulate the nation’s monetary and financial systems.
Because of Silva’s experience, he was hired to work with foreign central bank customers.
According to Silva, many foreign central banks prefer to keep their financial reserves in dollars.
"We have over a trillion dollars in foreign assets at the Federal Reserve Bank in New York," he explained.
Silva likens his job to that of an international financial "plumber."
"If you have a problem at your house with your bathtub, you call a blue-collar plumber," he said. "You want to move billions of dollars, you get me."
Silva was recruited to help set up an account for Iraq’s oil proceeds at the Federal Reserve Bank of New York.
"All of Iraq’s oil proceeds came to the Federal Reserve Bank," Silva said. "That’s where we maintained a special account that was mandated by the United Nations, and that account was called the Development Fund for Iraq."
Silva explained that because Iraq is a cash economy, there is literally no way to transfer money electronically. Instead, the Federal Reserve Bank transports billions of dollars in cash to Iraq.
The cash is transported in large, unmarked tractor-trailers with a helicopter escort overhead. The cash is taken to Andrews Air Force Base and loaded onto a military aircraft and flown to Iraq.
"I think our largest shipment was over $2 billion in cash," Silva said. "That took several tractor-trailers."
Silva was also transported to Iraq on a military aircraft, which is the only way to fly into the country.
"It’s very complicated to get into Baghdad, and the palace is an extremely chaotic place to work," Silva said.
His responsibilities there, as part of a 25-person banking team from the United States and Great Britain, focused on helping to reorganize the structure of the Central Bank of Iraq.The reorganization aimed to bring a more modern banking system to the Central Bank, the state banks and the private sector banks.
"First we issued a new currency without Saddam’s face on it," Silva said. "People would bring in their old Saddam currency, and we would give them new currency."
Silva and his team also helped to set up currency auctions, in which Iraqis could sell their dinars, the currency of Iraq, and receive U.S. dollars in exchange.
An Iraqi who became nervous about the state of the country’s economy could easily exchange the dinar for the stable dollar
Before the invasion, the exchange rate was 1,900 dinars per $1 in U.S. currency. As a result of the work by Silva and his team, the dinar appreciated about 30 percent to 1,300 dinars per one U.S. dollar, he said.
Silva and his team worked toward establishing a free-market economy in Iraq, which had previously been a centrally controlled economy.
"In Iraq, the price of gas had always been set at 2 cents a gallon," Silva said. "The price of food was controlled. The price of electricity was controlled."
Silva acknowledged that he witnessed a certain amount of violence, although he was in the "Green Zone," which was supposed to be a relatively safe place in Baghdad.
He was in the country when Saddam Hussein was taken into U.S. custody and said that he has never been so proud of America.
After Ambassador L. Paul Bremmer III, Silva’s boss at the palace, announced that Saddam had been captured, the group was told they would be spending the night in the palace for their safety. Silva ran into some Iraqi workers in the compound.
"They were very scared and nervous because they’d been in the compound, and they didn’t know what was going on," recalled Silva. "They just heard all this shooting. They were being supervised by a Jordanian. I told the supervisor, ‘Tell them we’ve captured Saddam.’ But he didn’t speak English, so I thought for a moment and I looked at the workers and I said ‘Saddam.’ "
Silva crossed his wrists — to denote being put into handcuffs — to indicate that Saddam had been arrested.
"For a second they were just silent, and then they just exploded," Silva remembered. "Yelling, clapping, several were crying, and they were slapping me on the back, saying, ‘Thank you. Thank you.’ Well, I didn’t do it."
Silva has high hopes for Iraq and its economy.
"The Iraqis are very educated, and they are very entrepreneurial, very hard working," he said. "They’re tough because they’ve lived under 25 years of brutal dictatorship.
"You’ve got capital, you’ve got education, you’ve got a work ethic," he continued.
He said two things have to happen for Iraq to make the transition to a democratic state.
"They have to establish security, and the Iraqi religious and ethnic factions need to learn to compromise," he said. "Security and compromise — you get those two things together, and Iraq’s going to be another Japan, another South Korea, another Germany.
"You really have to establish security and stop the dying on the streets before you can worry about central banking, before you can start gathering economic data and trying to control inflation, and clear checks and distribute money," Silva said. "It becomes a little silly when you’re trying to talk over the mortars and the rockets going off."
Silva described the work he did as the hardest he ever has had to do.
"We typically worked about 20 hours a day, going on three or four hours of sleep a day," he said. "There was just so much to do and so few people to do it.
"Everything was so hard to do because there are no phones, no computers; you can only move around with bodyguards and armor," Silva said. "It was very exciting. It was very stressful. It was occasionally scary. The last month or so I was really looking forward to coming home.
"I travel around a lot," Silva said. "And I always come home with the same thing to say: God bless the United States."
From another board... Take or leave it, I just post it!!...--------------------------------------------------------------------------------
This has nothing to do with the April date, but I did call the Chase close to me and asked if they were selling and buying dinar. I had read you have to have an account with them for 6 months before they will exchange the dinar. This came out to be not true according to her. She thought I wanted to cash in my dinars and she told me "If I were you I would hold on to them cos I hear they will be going up. She didnt say a date AND THIS WAS JUST THIS PAST MONDAY. I did open an account there anyway. She said I could buy dinars without a fee of $5.00 per bill if I have an account there. Like a said this is not a rumor, this is what I was told. SO I AM SO READY ...COME ON DINAR.
Pam
They sure ain't souvenir's!!!LOL
From another board... Take or leave it, I just post it!!...--------------------------------------------------------------------------------
This has nothing to do with the April date, but I did call the Chase close to me and asked if they were selling and buying dinar. I had read you have to have an account with them for 6 months before they will exchange the dinar. This came out to be not true according to her. She thought I wanted to cash in my dinars and she told me "If I were you I would hold on to them cos I hear they will be going up. She didnt say a date AND THIS WAS JUST THIS PAST MONDAY. I did open an account there anyway. She said I could buy dinars without a fee of $5.00 per bill if I have an account there. Like a said this is not a rumor, this is what I was told. SO I AM SO READY ...COME ON DINAR.
Pam
--------------------------------------------------------------------------------
Last edited by pamjand : Today at 07:18 AM.
From another board.... Check out this guys figuring...
1. "0" Dinar rate change today, it was 1277, it is now 1277
2. A (net) worth of dinars, IQD - 371,266,041,000 pulled out of circulation from Sunday 3/18/07 to today 3/22/07.
3. 17 banks participating today
4. 107th auction since the beginning of CBI's reval plan
5. 173 days into the CBI's reval plan.
6. 7,146,856,071,000 dinars pulled from circulation !!
7. 256,275,000 Dinars back into circulation today
8. 200 dinar change since Oct 1st (baseline was 1477) 13.540% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).
9. 0 point reduction in the rate so far this week. Was at 1277 at the end of last week, 1277 so far this week.
10. 3 point drop in the month of Mar. Ended at 1280 in Feb, now stands at1277
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.
From another board.... Check out this guys figuring...
1. "0" Dinar rate change today, it was 1277, it is now 1277
2. A (net) worth of dinars, IQD - 371,266,041,000 pulled out of circulation from Sunday 3/18/07 to today 3/22/07.
3. 17 banks participating today
4. 107th auction since the beginning of CBI's reval plan
5. 173 days into the CBI's reval plan.
6. 7,146,856,071,000 dinars pulled from circulation !!
7. 256,275,000 Dinars back into circulation today
8. 200 dinar change since Oct 1st (baseline was 1477) 13.540% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).
9. 0 point reduction in the rate so far this week. Was at 1277 at the end of last week, 1277 so far this week.
10. 3 point drop in the month of Mar. Ended at 1280 in Feb, now stands at1277
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.
Iraq-Currency
Voices of Iraq / Baghdad
Posted by saleem on Mar 22, 2007 - 02:27 PM
--------------------------------------------------------------------------------
Iraq-Currency
Higher demand for dollar in daily auction
By Dergham Mohammed Ali
Baghdad, March 22, (VOI) – Demand for the dollar increased in the Iraqi Central Bank’s daily auction on Thursday, reaching $72.605 million compared with $56.899 million on Wednesday.
Iraq-Currency
Higher demand for dollar in daily auction
By Dergham Mohammed Ali
Baghdad, March 22, (VOI) – Demand for the dollar increased in the Iraqi Central Bank’s daily auction on Thursday, reaching $72.605 million compared with $56.899 million on Wednesday.
In its daily statement the bank said it had covered all bids, which included $18.255 million in cash and $54.350 million in foreign transfers, at an exchange rate of 1,277 dinars per dollar, unchanged since yesterday.
Seventeen banks participated in Thursday's auction and offered to sell 201,000 dollars. The Iraqi Central Bank bought the entire amount at 1,275 per Iraqi dinar.
Ali al-Yasseri, a trader at the auction, told VOI "offers to sell dollars were due to the low exchange rate in the local market."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday.
SH/TP
May have been posted already?
__________________
Iraq-Currency
Voices of Iraq / Baghdad
Posted by saleem on Mar 22, 2007 - 02:27 PM
--------------------------------------------------------------------------------
Iraq-Currency
Higher demand for dollar in daily auction
By Dergham Mohammed Ali
Baghdad, March 22, (VOI) – Demand for the dollar increased in the Iraqi Central Bank’s daily auction on Thursday, reaching $72.605 million compared with $56.899 million on Wednesday.
Iraq-Currency
Higher demand for dollar in daily auction
By Dergham Mohammed Ali
Baghdad, March 22, (VOI) – Demand for the dollar increased in the Iraqi Central Bank’s daily auction on Thursday, reaching $72.605 million compared with $56.899 million on Wednesday.
In its daily statement the bank said it had covered all bids, which included $18.255 million in cash and $54.350 million in foreign transfers, at an exchange rate of 1,277 dinars per dollar, unchanged since yesterday.
Seventeen banks participated in Thursday's auction and offered to sell 201,000 dollars. The Iraqi Central Bank bought the entire amount at 1,275 per Iraqi dinar.
Ali al-Yasseri, a trader at the auction, told VOI "offers to sell dollars were due to the low exchange rate in the local market."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday.
SH/TP
This may have been posted already??
__________________
Iraq reconstruction to cost $100bn
Iraq: 3 hours, 31 minutes ago
The cost of rebuilding key Iraqi infrastructure, including power and water plants, following the US led invasion of 2003 and the subsequent insurgency is now estimated at around $100bn according to a senior US army official cited by the Dow Jones newswires. The hike in the cost of materials such as steel and cement has pushed up expenditure as has the need to rebuild sites bombed by insurgents.
Iraq reconstruction to cost $100bn
Iraq: 3 hours, 31 minutes ago
The cost of rebuilding key Iraqi infrastructure, including power and water plants, following the US led invasion of 2003 and the subsequent insurgency is now estimated at around $100bn according to a senior US army official cited by the Dow Jones newswires. The hike in the cost of materials such as steel and cement has pushed up expenditure as has the need to rebuild sites bombed by insurgents.
Whats up bud?! Just sharing some good news with everyone!!!!
Oh, it's that time to get to the stock market, back to reality and red for me! Not doing that good. Need some for sure things!
Thats where me and my girl is going to live, right next door. My girl is best friends with his wife. We were just down there and he showed us this Awesome house next door. Tell ya about it when I buy it!!!
I'm just using the hell out of this free subscription thing here at the Ihub!!! Hope you don't mind!!!! It's alot funner participating!!
GO DINAR AND DONG!!!!!!!!!!!!!!!!!!!!!
Well.... my momma always said,... "It's who you hang with" !!!!
Thanks MA!!