Comments on: Iraqi Dinar Revaluation – RV news 2010

By: Joseph

Joseph — Sat, 23 Jan 2010 04:48:04 +0000

This is from last summer, just come across it, sure someone would have posted it but personally not seen it before but may have been on one of many breaks!
Interesting all the same. A coin eh? This brings up loadsa thoughts. A 25k dinar note is worth around $21. The smallest coin currently is 25 worth about $0.021.
Conscious / Central Bank: The version of a coin soon
مدير الموقع Site Manager
حجم الخط: Font size: Decrease font Enlarge font
واع/ بغداد /ح.ب Conscious / Baghdad / h. B
29/8/2009 3:08pm 29/8/2009 3:08 pm

أعلن مصدر مسؤول في البنك المركزي An official source at the Central Bank العراقي أن البنك سيصدر قريبا Iraqi that the bank will be issued soon العملة المعدنية للأسواق وبشكل أفضل بعد إصلاح نظام إدارة العملة إصلاحا شاملا . Coin of the markets and better after the reform of the currency management system overhaul. وأضاف المصدر لمراسل ( وكالة انباء الاعلام العراقي/واع ) ان”عملية إصدار العملة The source of the reporter (news agency, Iraqi Information / conscious) that “the process of issuing the currency المعدنية Mineral المدورة Recycled من السياسات النقدية Of monetary policy الجيدة سنعود إلى إصدارها قريبا بعد القضاء على بعض المعوقات إضافة إلى انه يجب Good will come back to be issued soon after the elimination of some constraints as well as it should أن تكون هناك بيئة اجتماعية That there will be a social environment اقتصادية مهيأة لتقبلها Ready to accept economic في السوق وهناك أمر آخر انه لابد من وجود In the market and there is something else that has to be a وسائل دفع لنظام المدفوعات Means of payment for the payments system العراقي Iraq الذي غاب عن السوق Who was absent from the market العراقي أكثر من 17عام ،مشيرا إلى ان المصارف العراقية غير مهيأة حاليا لاستقبالها لعدم Iraqi more than 17 years, pointing out that the Iraqi banks are currently not equipped to receive non – وجود أجهزة عد وفرز وتصنيف وخزن ،منوها إلى إن العراق بدأ يخطو نحو الأمام لإصدارها A counting device, sorting and classification and storage, noting that Iraq has started to take forward for publication ولكن لابد من أن نضع صورا كاملة لدى الجمهور But they have to put the pictures in full public عن هذا الإصدار “. From this version. “

By: Joseph

Joseph — Fri, 22 Jan 2010 09:26:14 +0000

HI EVERYONE HERE. i WANT TO TELL YOU ABOUT THE CBI SPECIAL IMPORTANT BULLETIN AT:http://www.cbi.iq/pdf/bulletin f.pdf Can everyone here tell me that does this CBI BULLETIN has something to do with the RV…….

By: Samuel

Samuel — Thu, 21 Jan 2010 08:25:33 +0000

EU, Iraq Sign Energy Partnership Agreement

BRUSSELS (Dow Jones)- 18/01/2010 @ 12:03

The European Union and Iraq have signed an agreement to strengthen their energy cooperation in areas such as natural gas, energy security and renewables, the European Commission said Monday.

The agreement “provides a political framework for reinforcing energy relations between Iraq and the EU,” the commission said in a statement.

Iraq is considered an important potential source of natural gas for the EU, which is seeking to diversify its energy supply sources, mainly away from Russia, putting a strong emphasis on gas from the Caspian, Central Asia and the Middle East.

By: Joseph

Joseph — Thu, 21 Jan 2010 02:50:31 +0000

OPEC seeks using euro in oil deals. Tuesday, January 19th 2010 7:39 AM. Tehran, Jan. 19 (AKnews) – Iran’s representative to OPEC says the group weighs replacing the dollar by the euro in crude oil pricing, adding that no decision has been made. “Members of OPEC are free (to use any currency) in their oil transactions,” said Mohammad Ali Khatibi on Sunday. He added that Iran receives 90 percent of its oil revenues in currencies other than the US dollar. Iran’s President Mahmoud Ahmadinejad ordered in September 2009 the replacement of the US dollar by the euro in the country’s foreign exchange accounts. Earlier, the Islamic Republic of Iran had announced that the euro would replace the greenback in the country’s oil transactions. Also, Iran’s Trade Promotion Organization announced in 2009 that it would completely exclude the US dollar from the country’s foreign revenues and reserves. Iran has recently asked Japan to replace the US dollar with the yen in oil deals it has with the Islamic Republic. The constantly declining value of the dollar and persisting economic crisis in the US has encouraged many countries to drop the currency in favor of a more stable one. Saudi Arabia, South Korea, China, Venezuela, Sudan and Russia have taken steps to replace the US dollar in their foreign exchange reserves. Earlier in November, the head of Iran’s Bank Melli (BMI) said Iran’s Central Bank and BMI have entered into negotiations with some countries and international banks regarding the use of the Iranian rial, the official currency of Iran, in international transactions and operations. Well in this case, will there be a possibility that Iraq will also use a EURO to replace the US Dollar, like what Iran did?Anyone here has better opinion…..Also, is there a possibility too that IQD will be RV using EURO to replace US Dollar one day?Anyone can help to answer it……

By: Joseph

Joseph — Mon, 18 Jan 2010 07:53:39 +0000

What happens to the ERM?Adam said that the ERM will take a place jan 12. Today it is already 18 and is it already RV or not? anybody knows about ERM here…..What is the rate today, anyone here knows….

By: pride

pride — Mon, 18 Jan 2010 04:21:03 +0000

Financial Management Service..A Bureau of the United States Department of Treasury..updates when there is a 10% change in currency around the globe last up date was Dec.30 2009..reported to them on Nov.30 ..1 U.S.D=1150 IQD..been that rate for months …dinartrade.com news is where i find this imfo.U.S Treasury..
right from the horses mouth..

By: pride

pride — Mon, 18 Jan 2010 03:52:30 +0000

the u.s treasury states..1150 dinar =1usd

By: Ben

Ben — Thu, 14 Jan 2010 19:39:42 +0000

Whoop Whoop I have finally opened myself a bank account in Iraq so no more holding on to paper money and will be far easier to sort out when the RV finally arrives.

By: Joseph

Joseph — Wed, 13 Jan 2010 02:20:54 +0000

Hillary Clinton on Iraqi Dinars : Clinton urges US investment in Iraq. Clinton announced that the State Department was launching a US-Iraqi internship program in January 2010. US Secretary of State Hillary Clinton on encouraged US businesses to invest in Iraq, saying that country’s potential is “palpable”. Addressing the Iraq Investment and Business Conference in Washington, Clinton touted investment opportunities in Iraq. “Iraq sits at a global crossroads, and it is a country that, because of its religious and ethnic diversity, has a great potential for connecting up far beyond its own borders in terms of investments and other kinds of opportunities,” she told the business forum. The conference, organized by Washington, is aimed at facilitating contacts between US and Iraqi companies, businessmen and regional leaders from around Iraq. According to AFP, some 750 projects will be presented to potential investors.“For decades, Iraq has been disconnected from the global economy because of war and sanctions. Now we see the potential. And it is one that is based in broad economic growth, fueled by but not limited to oil production,” said Clinton. “And we believe strongly that economic development will go hand-in-hand with an increasing and very clear commitment to democracy,” she added. At the same time, Clinton underscored the importance of Iraq creating “safe and attractive conditions” for international investors. “That of course begins with holding national elections in January that are safe, free, and fair,” she told the conference, which was attended by Iraqi Prime Minister Nouri al-Maliki. She also said that a comprehensive hydrocarbon law was vital for regulating the oil sector. “As the Iraqi Government continues to make its reforms, I urge US businesses to really see all of the progress that has been made,” Clinton said, pointing to an improved security situation and stronger conditions for investment.
“The world is watching for every opportunity to invest in Iraq, and companies that wait too long may discover they are too late,” she added. Clinton announced that the State Department was launching a US-Iraqi internship program in January, which will place young Iraqi in technology start-ups in the United States, exposing them to “an entrepreneurial spirit” and helping them develop skills to use at home. All American can invest in Iraq by buying Iraqi Dinars, it is legal and you can invest today. The historical value of the Dinar has been over $3.00, today is under a penny. By buying a 25,000 Dinar note today for $27 after the revalue it could be worth $75,000. The new Dinar notes, Printed in Britain, are designed with the most up-to-date anti-counterfeit features, which includes watermarks, raised letters, security thread, and an optical variable ink along with other variations to deter counterfeiters. Isn’t everyone happy to hear a good news?

By: Joseph

Joseph — Tue, 12 Jan 2010 08:58:32 +0000

ON MONDAY, JANUARY 11, 2010. IQD already rises from 1 US$=1170 IQD to US$ 1= 1111.1 IQD.
1 US Dollar(s) = 1111.1 Iraqi Dinar(s)
1 IQD = 0.000900009 USD
1 USD = 1111.1 IQD
We all hope in a week or a month ahead that it will rise and rise until at least US1=1 IQD.
YOU CAN CHECK THE RATE AT: http://www.iraqnewsworld.com. Please tell me if this rate isn’t true on this website.