dinarx2

number 4 is people traveling to Iraq Jordan Kuwait etc to buy dinar and transport it to the US Please note that in Iraq if you were to have a contract for a large amount of money it would indeed be paid with large quantities of sequencially numbered bills. It is not so hard to think about if you remember that one million dinar is only worth about 900 dollars. If you needed to get paid 50,000 dollars that would be a lot of bills all numbered in a row.

In the past Large quantities of physical dinar have been used by the Iraq government to pay for things imported from neighboring countries From what I understand much of the dinar in the US came from banks in nieghboring countires

our dinar came from someone who went to a bank or purchased dinar for dollars The CBI only sells at auction to other banks not to people

Ok think of a circle.....Government pays people in dinar.. , people spend dinar at businesses in Iraq.......business go to bank to buy dollars so they can pay for things being imported......bank goes to CBI auction with dinar to buy dollars for business....CBI sells dinar to governement in exchange for dollars from oil sales.......governemnt pays people in dinar

as long as the government takes in more dollars, and turns them into dinar through the auction than it spends paying the bills of the country there is a surplus At the moment the price of oil is high enough for there to be a surplus When there is a surplus more dinar are removed from circulation They have to buy dinar it is the currency of the country and it is what they use to pay the citizens of the country.

The GOI spends the dinar by payying the people inside Iraq with the dinar it buys using dollars

The Government then uses the dinar they buy in order to pay for the cost of operating the country so it is a cycle.

go back and reads the posts by Doc31 he explains it very well.

The CBI is selling dollars NOT dinar every auction pulls more of the dinar currency off the street

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.mustakbal.net%2FArticleShow.aspx%3FID%3D8787 Appears to be an opinion piece

In December 2010 the IMF concluded the gold sales program with total sales of 403.3 metric tons of gold (12.97 million ounces), as authorized by the Executive Board. Total proceeds amounted to SDR 9.5 billion (about $15 billion). This is at the bottom of the page from the page youyr link is to If you do the math 15 billion dollars divided by 12.97 million ounces = 1156.52 PER OUNCE deviced by 31 grams = 31.10 dollars PER GRAM which would make the dinar = 92+ US Dollars Just not possible.

Sorry this is NOT possible.... IF it was all any country would have to do to get rich is buy more and more gold from the IMF and sell it to the public for a very healthy profit. Just not feasible at all

There is NO way the IMF is selling Gold for 45.00 an ounce. This is BS ...Phoenix is smarter than that

Gold is currently close to 1500 dollars an ounce and the IMF is selling it for 45.00. How do I get in on that deal

1 Troy oz = 31.10 grams So at that rate $45.00 ( IMF selling gold to centeral banks) 1 Iraqi Dinar would be valued at: $ 3.60 $45.00 divided by 31.10 = $1.44 $1.44 X 2.48828 = $3.60 Read more: WHAT ? IS he trying to say that gold sells for 45.00 an OUNCE ?

This appears to be confirmation of the statement by Saleh (over the weekend) that the reserves have skyrocketed by 250 billion dollars. This is a very good thing. This also says that there is more money and property outside of Iraq, from the former regime, that they are trying to get back. All of this raises the value of the assets that the currency is based on.

At that rate (2.48828 grams of gold) a dinar would be worth 130.00 dollars Wouldn't that be nice but very unlikely

Thank you the article has been posted before but NOT the picture. ...Wonder if anyone can tell if this is a new denom ?

Speaking of the island, Saleh said that the dinar is now behind a structure is not commensurate with the payments system in the country of Iraq, so it is in need of large currency transactions large and small need to exchange for small transactions. He added that the value of the dinar is stabilizing, especially after the central bank reserves rose sharply and reached to nearly $ 250 billion, offset by the development in the country's oil exports. Read more: What does this mean .... Does CBI all of a sudden have 5 times the reserves it had only a month ago ?

"He said the project will facilitate commercial exchanges and the citizen will not have time to switch the currency to do so, stressing the goal of the project is to raise the burden on the citizen, and make it prosperous. " Not sure what this means ... anyone want to guess Sure looks like something is happening....just wish I knew what

The CBI auctions currency 5 days a week. Mostly they buy Dinar and sell dollars. They get a premium for selling dollars about 15 dinar over the going rate, it is their commission. They used to sell as much dinar as they did dollars but last year about october the sales of dinar dropped significantly and at one point asctually stopped for about 60 days. So the CBI has taken a large amount of Dinar off the street of Iraq. Like I said read Doc31's post about the zero days

The banks purchase dollars using IQD The CBI has been buying up IQD for months if you check Doc31's past posts I believe the CBI has been doing this since last october. That IS a lot of Dinar taken off the streets

You answered 28 out of 33 correctly — 84.85 %

If you figure in a lop 1,000,000 after the lop = 1000 and at 3 dinar to the dollar then you 1,000,000 ends up being 333.00 not 3000. Either you heard it wrong or you are confused.

The DFI funds are being transfered to a US account under the protection of the US treasury. So in reality they are still safe until the US decides to remove the protection. All of the fozen funds will be depositied in the same account and they have set up a 5% account to pay Kuwait. The Iraqis really had no choice as we are the only ones that could protect their money. They signed a deal with the US to pay off 400 million in claims in exchange for the protection.