supergirl

LOL, @sandfly I was thinking the same.

Ok so the law of federation council and federal court have not passed yet. I really hope they don't prolong the passing of these two very important laws until March. They sure can teach patience.

*love* button

@zig is this the same as the federation council or something different?

WOW! Only in Dinar Land. WOW!

@zig - Ha, You're funny lmao.

And u dear sir are speculating on what u ASSUME to be his speculation? You cannot speak in absolute, unless you know his true intent for certain.

well straight from the horses mouth: Raul, from Boston, MA writes: Mr. Tant, How does your office determine the correct rate of exchange for the new Iraqi currency, that for all intents and purposes, is virtually worthless in the world's markets? Thank you. Hugh Tant III The Central Bank of Iraq conducts a 'foreign exchange auction' process about 3 times per week to help ensure the new currency is stable. This process helps determine the exchange rate. At the moment, due to Iraqi exchange controls, the currency is not exchanged outside Iraq. This is likely to change in the future as Iraq continues to be welcomed back into the international financial community. As oil exports increase and more funds are invested in Iraqi goods and services from outside the country, it is expected that the new Iraqi Dinar will appreciate in value over the long-term. Go RV!!

thanks

@tirebiter who really knows - all i know for sure is to watch the money!

@caz I feel the love virtually and my iraqi facebook friend said the rate yesterday was 1000.23 - $1 and today was 1000.24.750 - $1 today. and that is the bank rate. we just finished up a skype chat.

Bank of Baghdad begins initiative to reduce the exchange rate of the dollar and confirms: Prices have dropped by thirty dinars in just two hours 06/18/2013 21:20 Range Press / Baghdad The Department of the Bank of Baghdad, on Tuesday, the association of private banks in Iraq "launched an initiative to reduce the dollar exchange rate" to "(1183) to sell cash and (1178)" for the adoption of a documentary, and showed that the initiative began, "three banks" under the auspices of the Central Bank of Iraq , and stressed that "the (25) banks" would seek to reduce the price of the dollar, as revealed on "dollar decline by thirty dinars within two hours only" the start of the official working hours for the day, has indicated it will include every day, "(400) citizen" distribution and by " five thousand dollars per citizen. " The head of the Association of private banks in Iraq, and the Managing Director of the Bank of Baghdad, Adnan al-Chalabi, in an interview to a number of media, including (range Press), on the sidelines of the Bank of Baghdad organized a conference to announce the reduction of the dollar exchange rate, at its headquarters, the center of the capital Baghdad, that "the initiative of the Association of private banks in Iraq, under the auspices of the Central Bank of Iraq NARI onset three banks are all from Assyria, Baghdad and guidance to reduce the exchange rate of the dollar." He said Chalabi that "have been identified dollar exchange rate (1183) in cash sales instead of (1189) and (1178) for the adoption of a documentary rather than (1184)," and pointed out that "as soon as the announcement of the move before starting implementation dropped the dollar in the markets Iraqi and arrived degrees low ", and expressed the hope that the" fall more after starting to sell at reduced prices. " According to Chalabi that "has been planning for this operation after numerous interviews with the central bank views supreme in Parliament was launched the idea by banks that operate all the banks to reduce the dollar exchange rate," and went onto say that "the dollar has fallen from Price (1250) to (1220) until the time ten this morning. " The Managing Director of the Bank of Baghdad that "will reduce the price of the dollar by the twenty-five banks from banks registered in the Association," explaining that he "will begin next week selling price reduced," pointing out that "this will support the exchange rate of the Iraqi dinar against the dollar and will make its price strong toward the dollar. " He pointed out that "the number of banks registered in the Association is thirty Iraqi banks and six branches of Arab banks," and expressed his belief that "thirty-six banks will agree and next week will be selling reduction," مردفا "We will not stand at this step as a link banks, but will be followed by steps another for the purpose of reducing the price of the dollar, "vowing to" work together in all the banks to reduce the price of the dollar. " He Janabi that "the central bank promised to double the share of private banks of four millions of dollars to eight millions of dollars a week," returned the move as "a step support for the banks," calling on all banks to "commitment smoothly sale and delivery of the dollar to the citizens smoothly good style good" . For his part, expert said Bank of Baghdad Abbas Sudan, in an interview (range Press) that "the reduction and distribution of the dollar exchange rate systems in accordance with rules and terms and conditions issued by the Central Bank of Iraq," noting that "our conditions are a legal process must take into account all the controls that in." . He added that "the mechanism of action in the distribution process, guided announce the names of customers on the wall and are distributed twenty list of all the pool list (20) customer to become a distribution on a daily basis at least (400) customer," hoping "that the process in the coming period on a broader level. " The Sudanese saying, "We distribute them to the amounts added by us to the central bank to increase the supply of the dollar," pointing out that "increasing the supply of the dollar will reduce the dollar exchange rate," stressing that "this will contribute to support the Iraqi dinar exchange rate and improve the economic situation in the markets local communities. " And that "customers attend under the terms of which bring passport and dictate form and photographing the menu (42) in the passport," مردفا that "after the completion of these actions gets citizen five thousand dollars and the amount of (1183)," stressing that "the listed They are specific only to sell the dollar. " He pointed out that "Iqbal citizens to buy the dollar is good," adding that they "were present since an early hours of the morning," he said, adding, "We doubled the number of staff in order to accommodate the arrivals to buy the dollar." The Central Bank of Iraq announced, on Monday, received a formal letter from the Association of Banks confirms its commitment to the initiative of three banks as a first stage to sell the dollar at a rate lower than the price the advertiser, as pointed out that this initiative represents a "natural behavior", which show him Iraqi banks, stressed that it in line with its monetary policy to support the Iraqi economy. The Central Bank of Iraq announced, earlier, the cancellation of banking companies is registered has regardless of obtaining clearance from the Ministry of Commerce or not, and stressed that the banking companies registered and certified before 2003 were 300 companies only, as pointed out that companies exceeded Thousand It a mixture of companies that operate in accordance with the conditions and regulations of the bank and the other got the approval from the Ministry of Trade, while other companies operate without getting any vacation. Referred to as the central bank announced, earlier this year, 2013, it closed 190 banking offices in Baghdad and the provinces for violating the legal requirements imposed by the Bank. The fact-finding committee in matches Development Fund of Iraq revealed, April 8, 2013, that the central bank sold during the past six years in the auctions process conducted by about 207 billion dollars, equivalent to 56% of the revenues of Iraq's oil in those years, and while confirming that these sales were more doubles than you need the local market, they revealed that more than half of those sales went to the banks specific poured their purchases from the bank in the Gulf and Jordan. accused deputies, politicians and economists Central Bank of Iraq over the past months, burn "an average of four billion dollars a month in an auction hard currency for the benefit of ten banks, mostly with Gulf capital, buy a day most of the claims of the Central Bank of hard currency and overcharge make a profit of up to 6% as it controls the Iraqi economy. " Accused the General Authority for the North Bank for Finance and Investment, on the seventh of April 2013, the CBI not to meet the needs of the Iraqi market of hard currency over the past five months and refer it the responsibility of the private banks, while confirming that Iraq needs to pump nearly $ 300 million in the market daily to meet needs of the currency in the currency the central bank when he criticized the remarks they promised to attack him and "stems from ignorance and lack of knowledge of monetary policy." The Cabinet decided to Iraqi (16 October 2012), the prime BSA Abdul Basit Turki functions of the central bank governor and the agency rather than the Governor of the Bank Previous Shabibi on charges of issues of financial and administrative corruption in the bank, especially in operations Auction dollars, but the something that did not occur to the work of the Bank and currency auction whereas the exchange rate of the Iraqi dinar a significant decline against the dollar jumped from 1170 dinars to the dollar in the fall of 2012 to 1270 dinars to the dollar in April 2013. The International Monetary Fund said in a report issued in (03.21.2013), following the end of the consultations held in Amman between a delegation from the Fund and an Iraqi delegation headed by VMware Planning Ali Shukri, and seen (long-Presse) it "an improvement in the financial sector," but confirmed that it is still "need to be greater efforts by the central bank in the revision of monetary policy tools and strengthen banking supervision, and to accelerate the restructuring of the banking system." The International Monetary Fund (IMF) called the CBI to "take measures to gradually towards the liberalization of foreign exchange through auctions held by the Bank so as not to repeat disorders suffered by the financial market in the past year." The Fund stressed that the establishment of a national banking system requires the abandonment of the current model, which is controlled in which weak banks by state-owned receive preferential treatment apart from private banks, "calling on Iraq to do to strengthen public financial institutions to ensure efficiency and transparency in the use of oil revenues. http://translate.google.com/translate?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D1790432

has anyone seen any articles stating what laws passed?

yeah, where did that come from SGT?

make it so - i think it really may happen this time. they are on the move and aren't forking around anymore.

i hit it for ya @gregp have fun at the pond. awesome thread btw. i really love the way you think @LGD!!

Baghdad / Baghdadi news / .. Iraqi Central Bank announced on Thursday, for receiving a formal letter from the Association of Banks commitment includes three banks as a first stage to sell the dollar to the public at a lower price than advertised. The bank said in a statement received / Baghdadi News / copy of it, that "the governor Abdul Basit Turki received a formal letter from the Association of Banks includes a commitment solemnly announced previously on the initiative of three banks as a first stage to sell the dollar to the public at a lower price than advertised to reach / 1183 / JD to the dollar instead of / 1189 / dinars to the dollar (cash), "stressing that" the sale price of documentary credits will be / 1178 / dinars to the dollar instead of / 1184 / dinars to the dollar. " He added that "the central bank for the initiative and said it represents a natural behavior that show him most of our banks to stand with the trends of monetary policy is good that we walk upon," expressing "concern the Bank and the banks to support the Iraqi economy and raising the efficiency of financial instruments and cash used." End / 21 LINK

at Maggie I really don't know I should have asked him and the next time we chat I will. thanks for your response, but he said 1000.25 when I get home later tonight I will post a screen shot of the chat. I was just thinking maybe the reports we are getting over here are a little off....sooo that's why I posted to see what you guys thought. @uncircld I don't do rumors only truth and would never tell you guys something that never happened.

So I have a Facebook friend from Iraq. We were on Skype today and he informed me that the rate is 1000.25 dinar for 1 usd and not the higher rates we see reported in the news here. What do you guys think about this?

its a feasibility study that has been posted on the Iraq Ministry of Planning Website for well over three years

AMEN!!

@daytrader - well done.

Iraq joins the membership of an Islamic institution for investment insurance (ICIEC) 13/6/13 12: 00 am Economic capacity development indicators Baghdad-Mostafa Hashemi Iraq's accession to the organizations and financial and economic blocs are important for the economy of the country, and in that regard stressed the economic importance of subsidiaries in regard Iraq's accession to the financial institutions and banking organizations and regional Arabic its impact on economic relations between the Member States, at the same time, advisers to the importance of studying the subject of accession and relevant sectors to develop and update their capacity and keep pace with global progress The Central Bank of Iraq announced earlier for the government's approval on Iraq's accession to membership of the Islamic Corporation for the Insurance of Investment and Export Credit, returned that the decision will contribute to the increase in Iraqi exports and the inflow of foreign investments. He said in a statement that the government had agreed to join the membership of the Islamic Corporation for the Insurance of Investment and Export Credit (PE), "adding that" the institution has agreed to accept Iraq is a member. He added that this decision would contribute to increased Iraqi exports and the inflow of foreign investments to it, as well as the protection of investments Iraqi in the Member States of the institution. On the other hand said economic Mona earthquake: that the issue of joining any gathering or conglomerate financial and banking Arabic or regional must begin the readiness of evolution includes a series of reforms to work contexts that may hinder the process of investment and the most important reform of the banking system. indicated in a statement (morning): that any accession must be considered carefully because the study that will develop capabilities sectors of the economy, the most important private banks. stressed earthquake that he should to evolve our sectors of economic because it represents the entrance real investment and start to enter the Iraqi market, to Avcth need to be serious and the desire to exist., and expressed the hope that such hookups formality and protocol because it is in this case اتفيد the Iraqi economy in something while the implementation of the preparations for accession would raise the efficiency of the country's economy through the exchange of experiences and the consolidation of economic and trade relations between Iraq and the rest of the countries in these blocs or groups. Economic expert confirmed that Iraq's accession smeisim peace for regional economic and financial organizations would support the financial and banking sector. The (morning) that Iraq needed to keep pace with international developments in banking and money transmission speed between the countries of the world, through agreements with Arab economic organizations. The world viewed Iraq as a promising investment market it needs to develop the banking sector to facilitate the transfer of funds to and from the country and the Islamic Corporation for insurance of investment and export credit was established in August 1994 and comprises 39 Muslim country except Iraq, aiming to expand trade and encourage the flow of investments between the Member States in accordance with the Islamic Shariah. http://www.microsofttranslator.com/b...x%3FID%3D48229

06/13/2013 01:59 Prime Minister Nuri al-Maliki with the Secretary-General of the United Nations, Ban Ki-moon, the current developments in the Iraqi file - Kuwait during a telephone conversation. According to a statement issued by the Prime Minister's Office, said on Thursday that "Maliki search, yesterday, with UN Secretary-General Ban Ki-moon, telephoned the ongoing developments to resolve the Iraqi file with Kuwait." "The moon welcomed the progress made in bilateral relations between Iraq and Kuwait," stressing that "the UN organization will work it can in order to remove Iraq from Chapter VII." The statement continued that "al-Maliki praised the role of the United Nations and its support for the positions of Iraq, especially in his efforts to get out of Chapter VII." http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.imn.iq%2Fnews%2Fview.21855%2F&act=url

Iraq Signs 6 Co-op Agreements with Kuwait, Hoping to Lift UN Sanctions 2013-06-12 23:40:49 Iraq signed six agreements of cooperation with Kuwait on Wednesday and hoped that the United Nations would lift sanctions imposed on Iraq after its invasion of Kuwait in 1990. The latest sign of improvement of ties between the two countries came during the visit of Kuwaiti Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah on Wednesday who met with Iraqi leaders, including Prime Minister Nuri al-Maliki. The two countries signed six cooperation agreements in the fields of diplomatic and cultural cooperation, ecology, higher education and scientific research, air transportation and economy. Iraqi Foreign Minister Hoshyar Zebari and his Kuwaiti counterpart confirmed during a joint press conference that delegates of the two countries will meet with the UN Secretary General on Wednesday, hoping to help end the UN sanctions (known as "Chapter Seven") imposed on Iraq after its invasion of Kuwait in 1990. Zebari added that the two sides accomplished most of the pending issues, including the demarcation of border. The Iraqi official said his country only owe Kuwait 11 billion U.S. dollars in reparations for damage caused by Iraq's 1990 invasion of the Gulf state, noting that if Iraq keeps paying 5 percent of its annual oil revenue to Kuwait the reparations will be finalized in 2015. As for the Syrian crisis, Zebari said "We demanded a peaceful solution and a political process that could democratically transfer the power and to respect the will of the Syrian people." Earlier in the day, the Kuwaiti prime minister and his delegation were officially received at Baghdad airport by Maliki. http://english.cri.cn/6966/2013/06/13/2361s769839.htm