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IQD1217

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Everything posted by IQD1217

  1. Iraq from September 2003 to January 2004. The currency exchange program ran from October 15 2003 to January 15 2004. Currency exchange was necessary for five reasons; (1) Two currencies were in circulation, the old Swiss Dinar in the north and the Saddam Dinar in the Rest of the country; (2) Inadequate numbers of denominations existed, the Swiss Dinar came in 3 denominations and the Saddam came in only two denominations; (3) The currency was poorly made and easily counterfeited; (4) The Saddam Dinar had been devalued and the public had little trust in it; (5) The presence of Saddam On the currency was inappropriate. But, in the great majority of the country, they had the Saddam Dinar with Saddam's face on it. There were basically only two denominations of that: there was a 10,000-dinar Note, which was worth about $5, and there was a 250-dinar note, which was worth about 12.5 cents, 12 cents. The reason its value had dropped so low was because of Saddam’s Inflationary monetary policy. In comparison, back in the '80s, before the Saddam Dinar came about, the rate of exchange was about $3 to one Dinar. But because of Saddam There was now a total upside-down situation where one dollar was worth about 2,300 Dinar. ”
  2. Why do you think the CBI and the GOI wants to promote the IQD in investment company dealings to support dedollarization and promote the strengthening of the national currency and economy. They also said “increase its value and enhance confidence.
  3. Because right now they are dependent on the US dollar for daily purchases , they need to go back to the way it was before the wars and make the dinar strong !! Lower the demand for the US dollar in your country put more faith in your own currency !!
  4. This is true , but we don't know at what level they done it!! They been saying this for years .. I still think it will be prob a couple of months till they start reducing the money supply more aggressively .. Now that they are out of chapter 7!! IMO
  5. Iraq cant RV until they reduce the money supply and reduce the US dollar in the country !!
  6. Iraq Between 1987 and 1995 the Iraqi Dinar went from an official value of 0.306 Dinars/USD (or $3.26 USD per dinar, though the black market rate is thought to have been substantially lower) to 3000 Dinars/USD due to government printing of 10s of trillions of dinars starting with a base of only 10s of billions. That equates to approximately 315% inflation per year averaged over that eight-year period.
  7. Old !! but it's doesn't mean anything till they reduce the money supply and reduce the US dollar in the country !!
  8. Look at the chart .. So to all those people who say you can't make money on the currency lol
  9. What's funny is we know the rate of 1166 isn't the true rate with increase in all the bank reserves , gold , DFI fund which they are suppose to get control of next week!! It's awesome how they been able to keep the rate down when they are one of and soon to be the richest counties in the world with the highest GDP!! And major companies getting into Iraq daily .. $$$
  10. No one said that the release of chapter 7 that iraq was going to RV !! It just speeds things up now!! They still have to reduce the money supply and make the US Dollar less dependant !! Which they have been doing but need to do it further then we will get a RV!!
  11. After the exit of Chapter VII sanctions on Iraq, international banking organizations are looking to invest in Iraq. The Iraqi central bank has recently declared that presently Iraq possesses high volume of foreign reserves, which is around 76 billion dollars and in addition to that bank owes 30tons gold bullon. Treasury Adviser Helal Al Ta’an, stated that this reserve will help raise the value of the Iraqi currency, compared with foreign exchange and thus contribute to the reduction of prices of goods and commodities. The currency reserves of the Central Bank is supporting the Iraqi currency in and out of Iraq, and increased oil imports might contribute directly to increasing the reserve and give more support to the Iraqi currency. Economist Majid Al Souri remarked, “The investment of surplus reserve is a deliberate economic policy of the country.” the parliamentary Financial Committee member Ahmed Al Masari criticized laws and banking regulations followed in Iraq, confirmed that the Parliament is determined to enact laws regulating banking in the future. The central bank declared that earlier the foreign reserves and gold were used to be managed in global banks. But after the exit of Chapter VII, the bank got more freedom and thus liberal decisions of the bank will bring future economic successes. http://www.iraqdirectory.com/en/2013/07/09/24463/exiting-from-chapter-vii-makes-iraqi-dinar-stronger.aspx
  12. Abdul-Hussein Abtan has said the "central bank announced a few days ago that the reserves of the country reached $ 76 billion and we have Iraqi dinars befitting the country and these deposits and the amounts the order to delete the zeros and structuring currency has become an urgent necessity." Abtan added, "We believe that the Iraqi dinar must improve against the dollar as it is not true that the reserves of the country today has reached $ 76 billion and the Iraqi dinar at 1280 for one Aldlar". This is great he's saying that the rate doesn't reflect what it should be with the reserves on the CBI!!
  13. The best thing about getting out of chapter 7 , they have no restrictions .. They have control now .. No more wasting time they have to move forward !! If you notice lots of deals being done now and in the news !! It's like getting in on google at the ground level but 100x stronger !! Oil etc!!
  14. So the CBI has around $76B of reserves , 30 tons of gold and according to the articles that came out this week another $82B from the DFI fund !! All these economist saying the value of the dinar is increasing !! Do this sound like a scam or poor investment ? I think not 7 years in this investment and Chapter 7 release finally , Citi , JPM , Ramada hotel .. ISX deal with Nasdaq .. Etc etc .. Hang on there people the train is gaining speed and we are about to explode!! HCL next and government formation and then!!!!! RV!! $$$$$$$
  15. said economic expert d. Peace Sumaisem: that the Iraqi dinar is witnessing a remarkable increase in value, especially in recent times, and after the withdrawal of Iraq from Chapter VII. Added Sumaisem told (morning): that there are several countries want to buy the dinar because it represents the currency of financial cover strongest in the region as well to being represents one of the aspects of investment for foreign investors, noting that there are expectations of higher value of the dinar to rates close to the standard which makes it desirable in global markets. explained Sumaisem the global currency markets is going according to the principle of expectation of higher currency or decline, and on the dinar, there are projections indicate to increase the value of the dinar in the global markets, He Astdrki that the fluctuation in the exchange rate within the country significantly affect the value of the dinar abroad. It is worth mentioning that there is a website American trading buying and selling Iraqi dinar since 2004. http://bit.ly/12U81bI
  16. Think about it the more the compies come In and help Iraq the faster they will turn things around the higher rate for us!! The train has left the station next stop hogwarts!! $$$$$
  17. 08-07-2013 | (Voice of Iraq) - Add a comment - Baghdad (news) A member of the Commission services and communications parliamentary National Alliance MP Jawad al-Hasnawi, the approval of the House of Representatives to the Telecommunications Law and Informatics, will generate positive benefits to the country, including the withstand an economic dimensions, as well as being the communication process will take place in Iraq. He said Hasnawi in a statement (of the Agency news): The Telecommunications Law and Informatics Law is important for the country, but there is opposition to him by the Iraqi List and the Kurdistan Alliance, noting: that the adoption of the law is of great importance for the country, at the present time and the future of the Department of Communications in Iraq, which was administered by civil rulers Paul Bremer, who missed on Iraq billions of dollars of public money. He added: approval will generate significant economic benefits for the country, as it would help to pass legal and Ministry of Communications and the media and communications, explained: that this law will bring the country's important economic issues and regulates telecommunications operations in Iraq and existing random. This is the law, which carries economic and regulatory dimensions of the country, of the controversial laws or disputed between the political blocs in the House of Representatives, as included on the agenda of the meetings of the House of Representatives is withdrawn, because of the lack of political consensus around it. Share on facebookShare on twitterShare on emailShare on printMore Sharing Services 0 Privacy Policy Read more: http://translate.googleusercontent.com/translate_c?depth=2&hl=en&nv=1&prev=hp&rurl=translate.google.com&sl=ar&tl=en&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D107435&usg=ALkJrhiI1RTFKNaVNkmlTG0YPJZ7Kw-qQQ#ixzz2YU9NmynM
  18. 08-07-2013 | (Voice of Iraq) - Add a comment - Prime Minister Nuri al-Maliki in his official office today John Kpnz of the Managing Director of JP Morgan Bank in Europe, U.S., Middle East and Africa. Mr. Prime Minister urged the international banks active presence in Iraq and contribute to the process of construction and reconstruction and الاسثتمار, hello opening of an office of the Bank of JPMorgan U.S. in Iraq. For his part, Mr. John Kpnz that a lot of international companies want to enter the Iraqi market and increase its presence, especially after the decision of the UN Security Council Special remove Iraq from Chapter VII, pointing to continued cooperation with Iraq in the areas of banking and investment. Information Office of the Prime Minister http://translate.googleusercontent.com/translate_c?depth=2&hl=en&nv=1&prev=hp&rurl=translate.google.com&sl=ar&tl=en&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D107426&usg=ALkJrhi95JTILgMCGOku8cafM0vEEtME2Q#axzz2YU20VqPr
  19. The flood gates are now open!! Everyone will jumping in from the ground level up !! Time to make some money !!
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