Iraqi Dinar Discussion Board

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don't know how old this is.

The rise in the value of the dinar
.The high price of the new currency has revived hopes prosperous economic future.

دWritten by : * Aqil Jabbar Baghdad

.Despite the emergence of the pictures of car bombs and shootings and angry demonstrators in Iraq through Arab television screens every night, remains businessmen in the region, betting on the future economic prosperity of the country, which has been ravaged by war.

.That at least, is the word one of the Iraqis, who stated that the rush to buy the new Iraqi dinar, lies in the high value from 1,650 to the highest value of one thousand per dollar within two days only.

."He hailed Abbas, the director of the Gulf banking company in Baghdad, "The Jordanian businessmen were selling large amounts of dollars to buy new Iraqi money."

.And the same thing is happening in Basra, except that the Kuwaitis are buying. As the morning assurances of the banking company in the southern port.

.As stated in the report issued by the Egyptian government newspaper Al-Ahram had the businessmen to buy dinars, with the exception that Iraq's oil wealth in the end is the reason for the high value of the currency.

.The rocket rise of the value of the Iraqi currency impact of the new expiry of the circulation of the old dinars, which bore the face of Saddam Hussein in the 15 / January, which paved the way for the new securities issued last October.

."He said Mohaned Rahim, Director of Auto Fair opened, "we used to use the dollar to buy cars from Jordan and the UAE, and now after printing the new currency, and the companies agreed to export cars to Iraq for the Iraqi money."

.The rise also came with the beginning of the pilgrimage season, which is traditionally a very bleak time for the Arab currencies, as pilgrims heading saying goodbye for the last time to change the dollar to be spent in Saudi Arabia.

.But this year, the new Iraqi dinar currency of choice for the pilgrims.

"Mustafa said Abdul Razak Mihdawi, director of a company specialized in Mecca pilgrimage trips, "I have agreed to do the Saudi government trade exchange with the Iraqis in Iraqi currency. "

.Currently used by the dinar and the dollar in the stores Iraq, and this change from the recent past, where the American currency typically used to buy expensive imported goods such as electronics.

."He said Ali Osman Alvtlaoui, an employee in the company grains in the public sector "that the decline in the dollar benefit each citizen receives his salary in Iraqi currency, as this will allow him to buy anything sold the largest dollar value." The Alvtlaoui "was a video CDs sold at a price previously (60) thousand Iraqi dinars, while today is not equivalent to more than (46) thousand dinars."

."However, Seif Motaz who works as an interpreter with the American army, complained that the interview of (450) net worth had declined to slightly more than half of the previous value. He said, "if the dollar continued to fall I will have to look for other work dinars."

.However, the last time people looked at things Bqiasathm, Vitzkron last days before inflation in the Penal Code, when the dinar is equal to more than three dollars.

."He said Rasul Al-Hammadi of age (65) years, "I hope that the value of the dinar itself, which was in the 1960s and 1970s. Each time high dinar, good things happen to Iraq and the Iraqi economy. "

* Aqil Jabbar trainee journalist at the press of war and peace Baghdad

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