Genethunder2001

When you noticed the different pricing were you by chance looking at the smaller denoms? As always with DinarTrade if and when considering smaller denoms he always charged a greater rate. Just saying...........

I think you guys are thinking with the opposite end of your body. OK here goes ------- When the dinar drops in the number from say 1170 to 400....that meaning the value has gone up on the Dinar ...which in turn also means that you would be buying less Dinar for the USD.......Capish? So, it seems that we would want it to drop from 1170 or whatever to a lower number to gain value thus making the exchange higher..........otherwise if the number rises then the Dinar keeps losing value therefore making it to when you buy you get more for your USD and making all this investment null and void come time to do "CASH IN". If I am wrong....someone please correct me on this.

* The exchange rate was increased locally during the last two days of 118 thousand dinars per hundred dollars to 119 thousand dinars per hundred dollars December 3rd, 2010 10:27 pm · Posted in NEWS BAGHDAD / Aswat al-Iraq: The advisor said the Central Bank of Iraq, Thursday, the easing of the cash sales in the auction for the sale of foreign currency early next week, indicating that the high exchange rate locally caused by speculators in their desire to obtain a quick profit. He added the appearance of Mohammed Saleh told (Voices of Iraq) that the Central Bank of Iraq “has decided to reduce its procedures in the case of the cash demand for the dollar, including local and does not contradict with the law of the fight against crime and money laundering.” Saleh explained that the central “had stressed Ajraeth used for sale cash during the few years as a condition to the banks to bring archives of legal same time the request to the foreign currency, causing obstruction of their work,” noting that the Central decided to “soften the measures apply archives during a week of the receipt of cash and can private banks, joint auction of foreign currencies demand for foreign exchange at any time. “ Salih noted that the central “to meet all requests for cash-class travel, according to the first permitted by law,” he could “receive other amounts that are objective reasons for gripping and according to an official The high exchange rate in favor of locally he considered it the result of “speculative currency traders who are looking for a quick profit,” and expressed his belief that it is “just a bubble will be gone quickly and the exchange rate back to its original place.” And the exchange rate was increased locally during the last two days of 118 thousand dinars per hundred dollars to 119 thousand dinars per hundred dollars. On sale remittances, Saleh said that the “sale remittances outside Iraq is allowed for commercial purposes in accordance with gripping legal, as citizens can transfer funds for the purposes of payment of fees for university students out of Iraq or for the purposes of treatment, or any other reasons,” and that “not inconsistent with the law against laundering money “. The central bank held an auction of five meetings a week starting from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale of about 13 dinars per dollar, and receive a commission of 13 dinars per dollar on the sale of remittances outside the country.

Funny you should mention Goldman Sachs......as this weirdness unfolds I was talking with a business owner today here in town where I reside and he told me that same exact thing. (that Goldman Sachs had bought the remaining Dinar). Well, if it is true I guess we can all just take a gamble on how much that Ali and the others still have in their possession if we were to choose to buy more. Good post and weird that we both heard this in the same day. Time will tell I guess if it is true or not.......when we get told that there is not any Dinar left, etc.

http://www.wcrane.com/iraq/

http://don't promote other sites.wordpress.com/2010/11/22/trade-agreements-and-currency-and-its-impact-on-iraqi-economy/ stay updated via rss LIVE FOREX TRADING SEARCH ARCHIVES TODAY’S NEWS SUMMARY MEMRI Blog: Maliki, To Be Officially Designated To Form Iraqi Government, Is Already In Action Delay of the budget impacts investments Forex market still in a state of flux as firms feel the squeeze Central Bank: inflation in Iraq, to 3.2 percent in October President of Parliament calls for some ministers to be held accountable and brought to Parliament; Oil, Finance, and Agriculture Talabani’s remarks on Iraq/Kuwait draw different reactions Council of Ministers discusses 2011 budget tomorrow Ministry confirmed that it would send oil fields Saybah contracts and Mansuriyah in the third round of licensing to the Council of Ministers next week. Natl. Guard Soldiers To Deploy To Iraq Trade agreements, currency and its impact on Iraqi economy; Dropping Zeros Iraq Foreign Minister receives British Foreign Minister; Discuss Chapter VII and DFI Foreign Minister Zebari meets with UN High-Level Coordinator on the affairs of missing persons and Kuwaiti property Adoption 2011 budget would reduce unemployment rate significantly Iraq List: Law of the Supreme Council policies will be presented to parliament in less than a month Maliki to receive names of the candidate and portfolios today or tomorrow ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// ARE THEY GIVING US THE RATE BELOW? ($1Dinar = $3.1 US Dollars ) ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Trade agreements, currency and its impact on Iraqi economy; Dropping Zeros Posted: November 22, 2010 by Justhopin in Iraqi Dinar/Politics Tags: Baghdad, Business and Economy, Economic, Financial services, Iraq, Iraqi dinar, middle east, United States 0 EDITORIAL: It has become among the fashionable and as an economic activity a natural question of the transfer of billions of dollars out of Iraq by private sector banks under the trade deals, and the bulk has not returned to Iraq in imports is needed by the Iraqi market, but turning part of them to the real estate companies and the other part remained balances reviews in foreign banks, and all this happened in the absence of strict financial control deliberately six years ago, and continued to this day without setting the parameters and controls (legislation), to prevent the sale of billions of dollars abroad, and directed towards development. Imports that the private sector for the past five years 2006 – 2010, according to official statements amounted to $ 180 billion! True it is possible to say, because of the economic blockade harsh, which made people sell every thing you own, in order to obtain a living, and after the fall of the Baathist regime of arbitrary, rushed the Iraqis after the rise in their purchasing power to acquire what they need in their homes and make up for what they sold in previous years, But my question is – how much is the share of imported technology from abroad of those billions? .. The answer is zero, nothing like that! Vleutbakt economic policy effective limit the dumping of the internal market, by raising the tariff increase Alگmrگip and rehabilitation of public sector companies and the agricultural sector through the financial allocations sufficient, for it was possible to allocate the bulk of the money leaks out to fill the shortfall in the annual budgets, which is ( chronic disease), which the government no longer able to get rid of it, which will be by 25 billion Dolarvi balance of 2011, but we find the allocations of the Ministry of Industry for the year 2010 is $ 72 million, and this amount is enough to qualify tenth factories belonging to the Ministry of Industry, therefore, the stalemate in the development of industry and agriculture, it was not spontaneous or stems from lack of experience, but a deliberate policy by some parties in power to protect the merchant class parasites, who make up the interface and sponsorship funds and operated in a commercial activity, and some traders are independent heads of their money paying royalties to some influential people in power in order to continue sabotage their business. The last trade agreements, concluded with the Turkish side, which provides for lifting of trade exchange between the two countries to $ 18 billion, but what will be Iraq to Turkey!! … Nothing at all, means more deals flooding the domestic market and the expansion and recovery of parasites merchants. In connection with the currency and deleting three zeros from Iraqi dinar, has been published and DVDs 8.9.2010 on my site civilized dialogue and the voice of Iraq, an article entitled [Remove zeros and raise the purchasing power of the Iraqi dinar] have shown my opinion at the time, but I want to clarify in addition to the deletion of three zeros is the following: - First – you must cancel the nominal current of the Iraqi dinar (1500 dinars = $ 1) developed by L. Paul Bremer III, and re-Face value: the former (1 dinar = 3.1 U.S. dollars), especially as we know that the cash reserves of strategic direct Iraqi currency had reached $ 50 billion , except the reserve is the direct and Danh in my article mentioned above. II – must not exceed the number of types of notes and paper-based JD seven papers, one of the categories (quarter of a dinar, half a dinar, dinars, five dinars, ten dinars, twenty-five dinars – the latter only be traded between banks only) – This rule is prevailing in the countries developed. The increase in types of Baknot lead to slouch a result of such currency and the loss of her rare and inflation. When you achieve the conditions mentioned, will increase the demand for the Iraqi dinar as the currency in foreign markets are rare and therefore its purchasing power will be enhanced. http://bit.ly/ddC7YC

Did I read this right when you stated that one of our informants airplane went down? Hope we are not talking about Steve. He was to go to Iraq via plane as he explained the other day.

Weird.......... Now this is off topic of Bank Of America and deals with my local bank here in town. The following message is what I just saw and this is NOT the norm for my bank as I have dealt with them for 20 years and they have NEVER done anything like this before...... Get a load of this message - Due to yearly system maintenance F&M ACCESS will have limited access on Friday, November 19, beginning at 7:30 pm until approximately 11:00 am on Saturday, November 20. We apologize for any inconvenience. Seems like a mighty long time just to perform maintenance on electronic accounts involving debits and credits don't cha think? I think something else is going on behind the scenes that has yet to be unveiled.......hopefully in the near future.... GO RV !!!!

RVDinar4MyFamily .... I think you are thinking in reverse. If the Dinar stays @1170 or more the value of their Dinar would be less....because right now at 1170 the value is less that 1/10th of an American penny. As the Dinar number (1170) gets lower...then the value of the Dinar gets greater.... Meaning when you purchase you would be getting less for your USD because the Dinar would be worth more. Correct me please if I am wrong.

LanaL, on 15 November 2010 - 10:47 AM, said: At least it is some movement, has been 1169.5 now at 1166, 16% increase. I believe we want these to move to 1:1, 1:2, 1:3, etc, right. Could just be a big pop, someone buying a large amount and then will go back to 1169, Well, if it has never been on FOREX in the recent say.....7 years or so ....then it would not be tradeable until an RV were to happen ...therefore if someone was buying large or small amounts it will not make a difference either way. I checked this link this morning and it was 1170.....(that was 6 hours ago)....then I check it now (10 minutes ago) and it has progress. So, you tell me.

Yeap, when I saw the GREEN figure on the right hand side I knew something was "starting" to happen. It may be a ways off and a slow start, but at least it is a start of some sort.

http://www.forex.tradingcharts.com/quotes/index.php?sym=usdiqd&Submit=Go&tz=GMT May be something we have all been waiting for.....maybe not.

....is there anyone at home? Normal, the calm before the storm......just be patient and hang in there.

That's always been his policy when you order over a certain amount of Dinar. Read the small print on the website....it's all there.

I placed an order with DinarTrade this evening for more Dinar obviously.....no sooner than I had left the website and went straight to my email I had a confirmation there... Talk about lightning fast.!!

* da-truth_dont_hurt Email: GOI News in Iraq NOVEMBER 13TH, 2010 01:03 AM · POSTED IN CHATS / POSTS THE LOCAL NEWS IS REPORTING THAT THEIR IS A BIG DISAGREEMENT BETWEEN ALLAWI’S POWER POSITION AND MALIKI’S….THE MEETING SCHEDULE FOR TOMORROW HAS BEEN PUT ON HOLD ACCORDING TO THE LOCAL NEWS….IT SHOULD REACH YOUR OUTLETS BY TOMORROW…I’M TELLING YOU THAT THEIR IS A BIG SMOKESCREEN WITH ALL THIS GOI FORMING JUST TO PLEASE THE U.N AND THE U.S……..SO LISTEN TO WHAT I SAY THAT ALL THIS WILL GET DELAYED PAST NOV AND MAYBE WE’LL SEE SOME ACTION AFTER THE 2ND WEEK IN DEC….THE 30 DAYS WILL IN FACT BE GRANTED AND EXTENSION BY MALIKI ONCE THEY COME BACK FROM THEIR HOLIDAYS HERE IN IRAQ (Eid al-Adha (Feast of the Sacrifice)COULD LAST BETWEEN 2-10 DAYS…..GOOD DAY!!! If this has already been posted....please accept my apology.

Sorry for double-posting. I was unaware of it being posted earlier.

* Allawi: Power-sharing is Dead NOVEMBER 13TH, 2010 12:59 AM · POSTED IN NEWS LINK Allawi: ‘Power-sharing is dead now’ From Arwa Damon, CNN November 12, 2010 Ex-Iraqi Prime Minister Ayad Allawi says he won’t accept a government role. “I will not be a part of this theater,” he says. STORY HIGHLIGHTS “This is a new dictatorship that is happening in Iraq,” says Allawi The power-sharing pact had been quickly negotiated Mistrust has helped keep Iraq without a functioning government since the election Parliament meets again Saturday Baghdad, Iraq (CNN) — Former Iraqi Prime Minister Ayad Allawi offered Friday a grim prediction for the future of Iraq’s government a day after leading his Iraqiya bloc’s walkout from parliament in a dramatic display of unhappiness with a power-sharing agreement that had been forged earlier in the week. “We think the concept of power-sharing is dead now,” the secular Shiite told CNN. “It’s finished.” Asked how that might affect a future government, he said, “For Iraq, there will be tensions and violence, probably.” Asked whether Iraqiya would be a part of a government that is not a power-sharing government, he said, “Well, maybe some members, but the main bulk of Iraqiya is not going to be part, and I am definitely not going to be part of this government.” He said agreements about principles of power sharing and devolution of power “are not happening.” Thursday’s walkout upset a carefully prepared plan for power sharing, one that Allawi said represented “a big blow for democracy.” Asked what Iraq will look like in three or four years, the secular Shiite told CNN, “Well, I don’t know, [it's] still early, but we have to see in the next two, three weeks what’s going to happen.” But, he added, based on what happened Thursday, “I don’t think the process is looking that healthy.” If an agreement is not reached, he said, “God help us all.” “This is a new dictatorship that is happening in Iraq,” he said. “It’s becoming humiliating, it’s becoming very dictatorial, and they don’t want to respect those people who have other views than them.” Allawi and the Sunni-backed Iraqiya party he heads had said they would reject a government led by Prime Minister Nuri al-Maliki, but they backed off on that threat when the power-sharing agreement was forged. “We agreed to sacrifice our constitutional and democratic rights and to accept the formation of a government for the sake of the Iraqi people,” he said. The Kurdish region’s president, Massoud Barzani, last week had launched an initiative to bring all political blocs together. Heated, private meetings that lasted until 3 p.m. Thursday among Allawi, al-Maliki and Barzani had resulted in a basic agreement on the outline of a new government. “We agreed on three things,” Allawi said. The first two were “that the parliament should vote on setting this council, the National Council for Strategic Policies,” and “to start a new chapter on reconciliation to give assurances to the Iraqi people that this is happening and that we are looking to the future and not the past.” The national council was a critical element to the power-sharing agreement. The idea for the council came from the United States. It was to have the power to pass binding directives and be led by a member of Iraqiya. Allawi himself was expected to lead the council, which would have served to check the powers of al-Maliki, whose critics say he has abused his power as prime minister to carry out a sectarian Shiite agenda. In the March 7 elections, Allawi’s bloc won 91 seats, the largest number for any group, and al-Maliki’s list trailed with 89. But neither group could come up with the 163 seats needed for a governing coalition. Al-Maliki’s State of Law coalition eventually formed alliances with other political blocs in efforts largely brokered by Iran, and this strengthened his hand. “The third thing we agreed upon,” Allawi continued, “was a gesture of good will.” That was to have applied to the hot-button issue of de-Baathification — the term used to describe the effort by Iraq to rid the country of Saddam Hussein’s now-banned Baath Party. Many Sunnis believe they are being unfairly targeted by some Shiites as being supporters of the Baath Party. For example, a handful of Iraqiya members were banned by a de-Baathification government panel from participating in elections because they were suspected of glorifying the movement. But Iraqiya wanted parliament to reconsider the politicians’ status and the country’s de-Baathification policy. “I took the guarantees of the U.S. and other powers that there would be a power-sharing agreement and the real process of reconciliation,” Allawi said. He said U.S. President Barack Obama had agreed that these were critical issues that needed to be tackled and had thanked Allawi for stepping back from Iraqiya’s claim to the premiership. Everything appeared to have been agreed upon when parliament convened on Thursday, and the initial moments supported that view. Allawi and al-Maliki sat side by side, laughing. A new speaker — Usama al-Nujaifi, from the Iraqiya list — and his two deputies were elected. But then the tentatively brokered power-sharing agreement started to unravel. A heated argument broke out after other members of parliament, including al-Maliki, refused to vote on the power-sharing agreement prior to voting in a president. “The proceedings were going in the right way; then suddenly they said we are going to elect the president,” Allawi recalled. “We said, ‘Wait a minute here, we agreed that there are points that we agreed that are going to be announced and voted on.’” He described himself as “extremely surprised” at the way events unfolded, since the agreement had been reached after talking to Obama and the Arab League. Allawi and most members of his bloc then walked out. “It’s a joke, in a way,” he said. “It reflects the intentions of these guys. They don’t have the intention to really work on a power-sharing formula.” “We don’t want to be puppets for a government that does not respect the will of the people, that does not respect power sharing. After all the compromises, I am not going to be a puppet running around being a false witness to history.” Allawi accused Iran of trying to keep his bloc from being fairly represented. “In everything, we see Iran’s hand trying to block it,” he said. “We can’t keep struggling every day, fighting Iran and Iran’s influence in Iraq. It’s an unequal fight, and we don’t have sufficient strength.” Al-Nujaifi, the new speaker, briefly joined the walkout but then returned. Parliament eventually voted in President Jalal Talabani, a Kurd, for a second term. Talabani then chose Maliki for a second term as prime minister and asked him to form a cabinet. Many observers and officials had warned against forming a government that would exclude Iraqiya and its Sunni backers, warning that it could reopen Iraq’s sectarian divides and lead to more violence. “The only way to get rid of violence is to build institutions of the state based on power sharing and to have a real reconciliation program going on in Iraq,” Allawi said. “Violence is already there and if they want secular Shias and Sunnis to be second-class citizens, this is unacceptable.” A big outcome from Thursday’s events, he said, has been an evaporation of trust. “Even if they come to me and say, “We are going to make this in the future,’ I am not going to trust them,” he said. Meanwhile, the Iraqiya list has issued a one-month deadline for various demands to be met. Allawi said he expects the list members will boycott Saturday’s parliament session and that he will not accept a government role. “I will not be a part of this theater,” he said, adding that he is thinking of forming an opposition in parliament.

First off......who in their right mind would want to sell back Dinars after it RV's? LOL Get real........

December 13, 2010 @ 11:00 p.m. (U.S. Time)

Just laying low .....trying to stay calm.

BREAKING NEWS: Iraqiya Politicians Defect, Govt Being Formed Posted: November 7, 2010 by Justhopin in Iraqi Dinar/Politics Tags: Iraq, Ayad Allawi, Nouri al-Maliki, Saudi Arabia, Iraqi National Movement, Politics of Iraq, Jalal Talabani, Kurdish people 0 Iraq Business News has received information late on Sunday that between 30 and 34 politicians have defected from Iyad Allawi‘s Iraqiya bloc, and will support Nouri al-Maliki‘s bid to form the next Iraqi government. Although these rumours are still unconfirmed, they are from a source trusted by Iraq Business News. The details are understood to be as follows: Monday’s planned parliamentary session will be delayed until Thursday; Cabinet positions are in the process of being allocated; Kurdish leader Jalal Talabani will retain the position of President, with Nouri al-Maliki as Prime Minister, and Ayad Allawi as Head of Parliament; Iraq’s neighbours, with the notable exception of Saudi Arabia, are generally in agreement. http://bit.ly/9MMXYX Share this:Share

Iraqi politicians to meet on government impasse Buzz up!4 votes Email Print AFP – Iraqi Christians place portraits of slain priests, 27-years-old Father Wasim Sabih (L) and Taher Saadallah … Slideshow:Iraq Play VideoIran Video:Afghan Withdrawal Backfire FOX News By REBECCA SANTANA, Associated Press – Sun Nov 7, 3:45 pm ET BAGHDAD – The leaders of Iraq's main political blocs plan to meet face-to-face for the first time since March elections, amid signs they are close to breaking the eight-month political deadlock that has stalled the formation of a new government. The two men vying for prime minister — incumbent Nouri al-Maliki and his rival Ayad Allawi — both plan to attend Monday's meeting, officials from their respective parties said. If the meeting of deeply divided blocs goes forward, it would mark a rare sign of progress toward resolving months of political bickering, although such developments have fallen apart in the past. "We have almost reached common ground on establishing a partnership," said Abdul-Karim al-Samarraie, a Sunni lawmaker with Allawi's Iraqiya bloc, a Sunni-backed coalition that is challenging the Shiite prime minister for power. The leader of the Kurdish negotiating delegation, Najim al-Din Karim, called the meeting an "important step," but warned that there are still sticking points in the negotiations that need to be resolved. Kurdish President Massoud Barzani, who has successfully pushed for the summit to be held in Irbil in the Kurdish-controlled north, will attend. Several officials said representatives of the fourth bloc, a Shiite alliance backed by Iran and called the Supreme Islamic Iraqi Council, would take part in the meeting, although the group could not be reached for comment. The meeting would mark the first time the leaders from the four major blocs have all met face-to-face to discuss the political impasse that has gripped the country since the March 7 polls. Allawi's Sunni-backed Iraqiya coalition won 91 seats in the election — two more than al-Maliki's State of Law. But neither bloc secured an outright majority, which has led to a period to intense political negotiations as both groups try to cobble together enough support to head a new government. Recently, political momentum has swung in al-Maliki's direction. The prime minister got a big boost in late September when he joined forces with followers of anti-American cleric Muqtada al-Sadr. The Sadrists are archrivals of the prime minister, and previously had appeared to staunchly oppose al-Maliki keeping his job. On Sunday, the small Sunni Iraqi Centrist Alliance, which has ten seats, said it would support al-Maliki as well for a second term. A Sunni lawmaker from the alliance, Rasheed al-Azawi, said the decision was designed "to add momentum to the negotiations so that we can help end the nearly eight-month old crisis." The prolonged political stalemate has been a source of concern both at home and abroad. President Barack Obama said Sunday during a trip to India that the U.S. and Iraqi people are frustrated with the lack of progress on forming a new government. "The government is taking way too long to get formed," he said. As the politicians have bickered, insurgents have continued to carry out deadly strikes. Last week, nearly 150 people died in two separate incidents in Baghdad — the siege of a church and a series of attacks targeting Shiites — as Sunni-led militants try to incite sectarian violence during the political vacuum. Al-Maliki is still adamant that he keep the prime minister's post, said al-Dabbagh, the government spokesman. But Iraqiya officials have balked at a second al-Maliki term. Officials close to the negotiations say Iraqiya has been pushing for limits to al-Maliki's power if he were to stay on as prime minister. They spoke on condition of anonymity due to the sensitivity of the talks. One idea on the table is the creation of an independent position called the National Council for the Strategic Policies, which would go to someone in Iraqiya if al-Maliki were to be prime minister. But Iraqiya officials are pushing for the position to have some sort of concrete authority, while al-Maliki's supporters prefer it to be solely consultative. The meeting comes as Turkish foreign minister, Ahmet Davutoglu, was in Iraq to push lawmakers to break the impasse. Davutoglu told reporters in Irbil Sunday that he was discussing and consulting with the country's major political players on how to break the logjam. He met later Sunday with al-Maliki. Iraqi lawmakers are to meet Thursday for only their second parliament session since the election. __ Associated Press writers Sinan Salaheddin and Barbara Surk contributed to this report from Baghdad and Yahya Barzanji from Irbil. Follow Yahoo! News on Twitter, become a fan on Facebook

An Iraqi official announced the adoption of a new strategy intended to raise the value of the Iraqi dinar against foreign currencies.Posted: October 9, 2010 by Justhopin in Iraqi Dinar/Politics Tags: Iraq, Dinar, Currency, IQD, CBI, middle east, exchange rate, Business and Economy, Iraqi dinar, Central Bank of Iraq, Iraqi Central Bank 02010/9/10 The chancellor said the Central Bank of the appearance of Dr. Mohammed Saleh in a statement: “I’ve been working for years to improve the value of the Iraqi dinar exchange, and was taking several measures until we came to the stability of its value at 1170 dinars to the dollar.” He explained that he had talked with some fluctuations up and down according to the impact of the overall situation in Iraq in the absence of stability. Reform Progress He disclosed that the new strategy has begun the reform of management system of the national currency and payment system of Iraq, said that this will be the basis in the application of Istratejp to reform the currency. The Iraqi official was likely that these steps will take a year or more.On the zeros added in the Iraqi currency, which made the value of the disbursement of land, Saleh said that the zeros added that high inflation rates since the Iran-Iraq war and the subsequent siege and invasion, and thus doubled the cash block several times. In 1990, the cash block of 28 billion dinars, and became a six trillion dinars in 2003, and now stands at 25 trillion dinars. He said that this has become necessary to change the payment system because of the Iraqi economy on the verge of developing and producing oil major which leads to a large expenditure. According to the adviser at the CBI, the new strategy will transform the current monetary mass (25 trillion dinars) to $ 15 billion (calculated to 1,666.67) through the adoption of coins and the smaller Iraqi currency. And the ability to withstand the Iraqi dinar against foreign currencies, Saleh said that “the Iraqi economy is strong and has great resources to qualify to stand in front of foreign exchange if there are economic and monetary policy is correct, and political and economic stability and security.” He expressed optimism that the Iraqi economy will recover, which is reflected in the rise of the dinar against foreign currencies.