InvestorsHub Logo
Followers 0
Posts 313
Boards Moderated 0
Alias Born 01/09/2008

Re: Matt Dillon post# 15431

Friday, 04/18/2008 10:15:21 PM

Friday, April 18, 2008 10:15:21 PM

Post# of 29692
From an article in September 2003 (old but still pertains)


Iraqi official: the adoption of the "Swiss dinar" to deal 1247 (GMT+04:00) - 13/09/03 1247 (GMT +04:00) - 13/09/03

Iraqi Dinar, which carries the picture of Saddam is still using
Dubai, Arab Emirates (CNN) -

An Iraqi official announced that the authorities there would adopt the old Iraqi dinar, known as the "Swiss dinar" and is currently working in the self-rule area under the control of the Kurds, to put an end to speculation about the future of the Iraqi dinar, which was carrying a picture of Saddam Hussein.

According to the Iraqi official, the deal will be the old Iraqi currency as of mid-October the first year.

The newspaper quoted on the London life and the Iraqi Minister of Planning Mahdi Al-Hafiz Saturday saying, "The new Iraqi currency is the Swiss dinar."

The Custodian "that Iraqi banks will automatically, even abroad, to transfer their existing appropriations to the Swiss dinar."

This news comes after the American Civil Administration in Iraq had announced a near seek a new Iraqi dinars resembles Swiss dinar during the month of October / first Tashrin next.
The administration official said that Paul Bremer, "the coalition on behalf of the Iraqi people will be printed and distributed securities of a new Iraq whole."

The former Iraqi authorities rely on printed dinar in Iraq after the economic embargo imposed by the United Nations on the country following the invasion of Kuwait in 1990.

http://translate.google.com/translat...258A%26hl%3Den

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.