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DINARESGURUS.BLOGSPOT.COM_________________ _______

Sunday, December 9, 2012

WE MAY SEE IT IN THE MORNING AFTER 9:00 AM, 10 DEC


11:29 PM [TERRYK] HELLO ALL YOU CRAZY PEEPS  WHATS GOING ON TONIGHT  ANYONE TIRED OF THIS RIDE   IM HEARING IT WILL SHOW TUE

11:32 PM [TERRYK] NO OFF OF MY HANDY DANDY WATCH

11:32 PM [TERRYK] IS THAT CONARKIST  WOW  LIKE A WEEK IN A ROW

11:33 PM [tina] yes that is... but who knows if he is there

11:33 PM [goodgrins] did you see blaino news on the dong

11:33 PM [TERRYK] NOPE  WHAT DID HE SAY

11:33 PM [mangiabuona2] [Kennypth] msjeta1 duffy2 ...There was very good news from Blaino tonight. Awesome news......we may see it in the morning after 9:00 A.M EST....rate of 42 cents to 57 cents they are seeing on the backscreens of Forex......lets pray and hope so.
  11:34 PM [goodgrins] what you think boss

11:35 PM [Kennypth] 42 cents to 57 cents on vnd  on forex. with a hold on it still.

11:35 PM [TERRYK] WOW THATS WHAT WE HAVE BEEN SEEING


11:35 PM [Kennypth] but may be cut loose tomorrow.  after 9:00 am est

11:36 PM [ajob] Tk are you familiar with Blainos sources? are they credable

11:36 PM [Kennypth] We can hope.

11:37 PM [TERRYK] SO WHAT I WAS TOLD MAYBE TRUE  NOT A RUMOR  TUESDAY HAD TO HAPPEN ONE DAY   HEARD THE GAL IN CHINA SIGNED OFF FRIDAY


1:39 PM [TERRYK] That's what I had received. The final papers were signed off in Hiong Kong on Friday and everthing is supposed to be good to go.


11:39 PM [goodgrins] we have heard that before thou boss

11:39 PM [TERRYK] YEA U HAVE  BUT HAVE FAITH

11:42 PM [TERRYK] THATS ALL I HAVE TONIGHT , WELL THAT I CAN SHARE ANYWAY

11:43 PM [TERRYK] WELL DID I NOT SAY TUE LAST THUR  YES I DID

11:43 PM [tooldog48]    amen sir you did

11:43 PM [TERRYK] MAYBE SEE IT ON FOREX TONIGHT

11:44 PM [msjeta1]    yes you did

11:44 PM [superdj567] because you the man TK

11:44 PM [TERRYK] BUT FOREX TO HOLD TILL TUE

11:44 PM [ajob]    Is the stuff that you can't share better or unproven or just not allowed to say because it is too good

11:44 PM [asgower] Yes,he said wd. See it sun/mon., cash out tue !!!!!!!

not allowed to say because it is too good

11:44 PM [asgower] Yes,he said wd. See it sun/mon., cash out tue !!!!!!!

11:44 PM [TERRYK] NOT ALLOWED BECAUSE ITS REALLY SENSITIVE

11:45 PM [TERRYK] I CANT EVEN TELL TINA

11:45 PM [westf]    you said see it on forex sunday annouced on on tue

11:45 PM [TERRYK] YES I DID WEST I UNDERSTAND THAT FOREX IS SEEING IT   AND I JUST NOW TOLD U TOO MUCH

TOO MUCH

11:46 PM [SassyLass] TK, is there a range of rate on IQD?

11:46 PM [TERRYK] IF I KEEP TALKING

11:46 PM [kelly14aa] tina You should have made enough for the rest of us!

11:46 PM [TERRYK] GOD BLESS   NIGHT ALL

11:46 PM [dallas]    if you tell us we will not tell

THE VND MAY OPEN TOMORROW BID IS $1.74 AND ASK $2.38, 10 DEC


[Blaino] stand by for news::::::::::::: updates, information & discussion  just off the cphone a few minutes ago with texastom (okie's smarter brother) and apparently okie is inbound to the er with a worsening CASE... So smart to look after it! But he's "at himself," and i deemed him fit to drive and exercise his own judgement!

NOW... About tomorrow and what this way comes!!!  we (pandaexpress team & our guys'es) are seeing some indications that vnd MAY... "may" open tomorrow... Bid is 1.74 to the usd and ask is 2.38.... that's units not PRICE.... Remember :  it's 2.38 vnd to the USD... To one USD... So about $.42

11:19 PM [Kennypth] Lets see what tomorrow brings for the RV.

11:19 PM [jacque47] [Blaino] SO... Rv or float...which solves the problems the best? : ] rv: tens of thousands of people all trying to get into banks, currency exchanges at the same time.....clawing, fighting, threatening.... float::: some will exchange at 5 cents, some at 25 CENTS.... More at 50, ETC....

 SO... As the bidding, selling, etc runs the price UP... And DOWN.... Fluctuating it's way to a future value mebby around $4+..... 
[Blaino] those that deem the value sufficient at a given moment will exchange and those that do not will wait or do some , then later MORE.... And this will serve as a buffer to the economy of IRAQ... Allowing time to adjust.

11:20 PM [jacque47] [Blaino] people... If the iqd floats soon, then the price will be set by the currency markets .... You can then trade it anywhere.... that price will rise (and prob fall back a lil under heavy selling pressure) according to the public's impression of value  moneydr forex  foreign exchange markets

[Blaino] the good news is that many people that never heard of the iqd will come into those markets to BUY... Creating upward pressure  if they cut it loose, we could easilly see a dollar befor the 1st of january!

11:20 PM [jacque47] [Blaino] HisBlessed actually, full quotes are showing a peg to the usd now ] pairing, not peg :  has not paired with the usd (correctly) since the sunday before thanksgiving.... When we first brought the news to you!

[Blaino] the vnd is definitly "controlled".... Did you not think the run on the vnd that started before thanksgiving would have created a demand pressure and pushed the price up??? Did it move??? SO... Whats the verdict?? Controlled!

[Blaino] junebug nope, it is PAIRED.... Let's see what it does in the morning... Panda, dewey, transporter and the old TEAM... May yet ride into another history making cc tomorrow evening!  you heard it here first!

11:20 PM [da58] hoping he's right on the vnd, and wrong on the iqd..

 11:21 PM [Kennypth] Blaino is saying the Dinar may come out in a float......but the VND is set to go between 42 cents to 57 cents. I hope he is right on the VND and wrong on the IQD....LOL.

DINAR GURUS UPDATE, 9 DEC


12-9-2012  Newshound Guru Kaperoni   This is a great quote... "warned the Economic Commission of the continuation of the "reserve currency,"    That means Iraq needs to stop the auctions and distribution of the USD. They are clearly telling them to reverse the trend...which is good for us because the dinar needs to have value before they can happen.

12-9-2012  Newshound Guru Tlar   This is a battle the world cannot afford to lose and I think we are witnesses to a world intervention.  Remember they can't be seen as interfering or trying to control a sovereign nation.  This is a mission of last resort and I believe we are watching this mission unfold as we speak.  The world needs Iraq's oil and the world needs Iraq's money.   [post 3 of 3]

12-9-2012  Newshound Guru Tlar    The world just got all over this IMHO.  Something is a foot.  I believe Maliki has stepped in it.  I have said since 2008 that Iraq is too important to the world to let it go to hell in a hand basket.  An article just came out that said by 2023 it is expected that Iraq will be producing half the oil used in the world.  Iraq cannot be lost to a despot who does not have an interest in developing the resources and continues to cause turmoil that long term might lead to a civil war.  [post 2 of 3....stay tuned]

12-9-2012  Newshound Guru Tlar     This is not business as usual over the last couple of days.  First the US announces that they have picked a successor to Maliki as part of a possible interum government until the new elections, then Moon visits Maliki at his office supposedly to discuss the Kuwaiti relationship, then the Deputy of Defense pays Maliki a visit to supposedly talk about the military alliance and partnership with Iraq and now the UN going into the CBI under the guise of investigating corruption and calling the bank an International bank which it is not.  [post 1 of 3....stay tuned]

12-9-2012  Intel Guru TerryK   [Is the VND going to be 48 cent or above?]  WHAT IM HEARING, YES.

12-9-2012  Newshound/Intel Guru BGG   Article:  "The arrival of a delegation from the United Nations to investigate the issue of Central Bank"   This is really, really bad for Maliki (and good for us!!). The UN is stepping into the CBI issue and is about to drop the hammer!!

12-9-2012  Newshound Guru Kaperoni   A very good argument can be made that they need to raise the value soon if they want what they have worked for...a free market economy.  It is clear the banking sector needs cash for these projects, and without private investment, agriculture and manufacturing, etc will never take off at the levels expected.  Does Maliki care?   I don't know.  He has the oil flowing now with increases in the near future.  If the US, UN, IMF, WB etc. don’t nip it in the butt now, Iraq may stay a one trick pony.   So on that front I am hopeful there is enough momentum to move this forward to develop the economy before to much damage is done.   

DISCUSSION OF DINARUPDATES, 9 DEC


[newmonies] derwood200335 I BELIEVE MALIKI IS WORKING VERY HARD TO DODGE POLITICAL SUICIDE RIGHT NOW... WITH THE MAJOR ISSUES OF CORRUPTION HE HAS FOUND HIMSELF IN... LOOK THE ARMS DEAL, THE DISPUTED AREAS AND NOW THE WB AND UN LOOKING INTO THE CORRUPTION OF THE CBI... MALIKI IS IN VERY HOT WATER RIGHT NOW...

[ebu712] newmonies EXACTLY

[newmonies] DOUBLE B RAN ACROSS THIS ARTICLE AND ASKED ME TO POST IT FOR US... THANKS DOUBLE B... YOU DA MAN...

[newmonies] «World» not find a deputy governor of the central bank yesterday evening at the headquarters of his arrest and the Supreme Judicial Council did not know of the case Newspaper world - 12/09/2012 - 10:52 AM | Hits: 21 Raad al-Jubouri speaking to a colleague Laith Mohammed Reza upper front of the police station in central Baghdad (the world) At 20:32 pm on Saturday, and arrived in a team of "the world" to the police station the upper central Baghdad where arrests appearance of Mohammed Saleh, the deputy governor of the Iraqi Central Bank.Though coordination team before its launch, over the phone, with the commander of the center to interview Dr. appearance, the guards prevented the team from entering
[newmonies] You know it has been said that Saleh was a propaganda mouthpiece for the CBI and that his statements were not always supported by Shabibi... Looks as if Saleh is going to be charged with corruption and he just might have been Maliki's inside man.... If you all remember when this started Saleh wasnt worried about being charged with corruption... In fact he was still there in office and making statements about the corruption... Now it looks as if he is on the run... Wonder who told him not to be around when they came looking for him ??? and if he is Maliki's inside man... Then they will never find him... Maliki will ensure that Saleh isnt found... Maliki will not want Saleh to talk if they are connected... Especially now that the WB and the UN are looking into the corruption of The CBI...

 [ebu712] Not suprised, but on the other hand its great news to keep us guessing on the whats really going on also

[ebu712] I would love for it to RV before Jan 1st which would take the power out of people who think Obama has something to do with it and less tax %

[derwood200335] newmonies WB sending technical group to insure iraqs money internal and external are safe. UN there to find out who is on the naughty list is that right

[derwood200335] naughty list of cbi corupt

[newmonies] derwood200335    i'm wif ya

[TNvolunteer] ebu712 - Me too, but I have lots of other reasons besides that!

[ebu712] TNvolunteer yup

[derwood200335] newmonies didn't BGG on call say IMF hung up on or at least said no when maliki tried to revalue at 3.75 I believe

 [newmonies] derwood200335 YES, THE IMF STOPPED MALIKI FROM RV'IN THE IQD... THE PROOF IS IN THE PUDDING... THERE IS NO OTHER REASON FOR MALIKI TO HAVE SEIZED THE CBI... HE WANTS THE CURRENCY TO BE WORTH 3 OR 4 TIMES THE USD... THAT WAY HE CAN BY 10 TIMES THE WEAPONS AND OTHER THINGS... THINK ABOUT IT...

 [BGG] newmonies - plus he had to try to do Obama's bidding without giving up his stranglehold on the power...

[whitelions] I have read every thing I can get my hands on and thats a lot and know where have I ever found Milike wanting to rv only him doing everything he can to stop it

[BGG] Obama wanted this thing to happen deep into the election cycle...

 [newmonies] BGG thats right

 [derwood200335] morning BGG

[BGG] Maliki tried but he did so by reneging on all his deals and scooping up the CBI and trying to push through an RV without putting the power sharing deal into effect like he had promised.

 [newmonies] Maliki has been after the CBI for years... he wants the RV just not under Shabibi's terms

 [newmonies] he wants everything his way

[BGG] newmonies - Amen

[derwood200335] BGG are elections in April in Iraq

[BGG] derwood200335 - provincial.

[DOUBLE B] derwood200335 Kurdistan Elections

 [derwood200335] when is election for prime minister?

 [DOUBLE B] 2014

[DOUBLE B] end of March

***************

[newmonies] Launch electronic shopping service early 2013 ::: the first phase beginning in 2013 which enables citizens of shopping via the card without the need to carry cash. And Abdel-Hadi said work is under way to activate the refueling service through the installation of devices similar in filling stations in the second phase.

[newmonies] WOOOOOHOOOOO !!!!!!!!!! NOW THIS IS SOME REALLY GOOD NEWS... THIS MEANS THE BANKING SECTOR IS GOING ONLINE/LIVE/GLOBAL... WE HAVE BEEN LOOKING AND WAITING FOR THIS FOR YEARS... ONE BIG (HUGE) STEP FORWARD PEOPLE...

 [Sugar Pie] newmonies BAMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

ebu712] Central Bank of Iraq (again) and UN Security Council resolutions Date: Sunday 12/09/2012 http://translate.google.com/translate?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://almowatennews.com/news.php%3Faction%3Dview%26id%3D49002

 [ebu712] As Resolution No. 1956 for the year 2010 has included points binding following: In this resolution, the Security Council see progress towards the transition to a post-dfi with regard to the subsequent system development fund Iraq. text article tomorrow

[ebu712] Corruption of the Central Bank: Shabibi innocent but flops in his words The time on Sunday, 09 December

[ebu712] " The Jubouri: that "a delegation from the International Monetary Fund arrived in Iraq for the purpose of access to the investigation and to check on what is happening from the premise that the Iraqi Central Bank Foundation linked institutions international",

[ebu712] http://translate.google.com/translate?langpair=auto|en&u=http%3A%2F%2Furagency.net%2F

[SHIEK] 09/12/2012 ERBIL, Kurdistan Region – Twenty-five billion Iraqi dinars (21.4 million dollars) have gone missing from the federal bank in Erbil, the Kurdistan Regional Government disclosed this week, and a finance ministry official said the money had been embezzled by a bank worker and a private contractor.

[chaseybear] newmonies BAAAAAAM your awesome

[SHIEK] Transparency at work!

[ebu712] SHIEK yes it was a great one I posted earlier, shows whats really going on

[jeffusa] SHIEK Obama taught them  

 [ebu712] The Department of Telecommunications and E in the province is serious about providing all services pertaining to send and receive letters and parcels and deposit and withdrawal services landline that works on both the payment and system card prepayment is also seeking to create a switchboard wireless communication within the province to reduce disbursements citizen and to maintain Iraq's money inside Iraq and activate the national companies and Operator contain wireless Internet services.http://translate.google.com/translate?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://almowatennews.com/news.php%3Faction%3Dview%26id%3D49002

[SHIEK] ebu712 great work

[ebu712] SHIEK we are in this together

 [BGG] SHIEK - can't blame that one on Shabibi - he's not here....Hmmmmmmm - who's next??

[SHIEK] BGG No but you can give him credit for exposing them!

[ebu712] Original Date: 03/21/2012 Updated 12/09/2012 http://www.nahrainnews.net/print.php?artclid=2277

[ebu712] A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one

[SHIEK] Anyone think theUN, World Bank and the IMF have Shabbibi on speed dial if needed?  

[ebu712] shiek  

[dwightj] Anyone think that someone in these people has the pass word to those files Shabbs has been talking about

[dwightj] The ones that will clear him and implicate those that are really guilty

 [derwood200335] ebu712 that article seems like it might be reprint

 [Sugar Pie] dwightj that is progress!

[ebu712] derwood200335 Updated 12/09/2012

[dwightj] Wish we could see some out of the sandfleas

[ebu712] derwood200335 in otherwords..probably

 [ebu712] they use the phrase "gradually down to the day to start replacement" which would indicate absolutely no LOP

[derwood200335] that tells me float starting low and working up, I think it starts way higher and controlled

[derwood200335] bgg or newmonies how much to print new currency

[clay] derwood200335 1 billion i think

 [ebu712] http://www.delarue.com/      is going to do the print

[ebu712] if they didnt do it already for all we know

derwood200335] im with ya, but why let the money printed in 2003 go to waste(assuming it changes in value) if they are going to rv they can get atleast one year out of already printed currency, save 1 billion and pull in large notes

[ebu712] derwood200335 ooooooh so many over there and the world are holding them waiting
to RV

[ebu712] the greatest leverage iraq could have for investors to be the next dubai

[mike1422] derwood200335 I think the Kurd language was left out of there old bills

[derwood200335] it was, when new money printed it will have kurdish lang

[mike1422] derwood200335 yes the new bills will have a kurd language

ebu712] IRAQ will do everything they can to become the most powerful country

CBI Source: Reveal the intentions of raising the value of each Iraqi dinars to equal one dollar, 9 dec


CBI Source: Reveal the intentions of raising the value of each Iraqi dinars to equal one dollar

Original Date: 03/21/2012  
Last updated: 12/09/2012
A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one.
The source said the bank and after remarking that blockbuster buy hard currency from the auction, which is supervised by the Central deliberately to sell the dollar worth less than the previous by 3.4 points, with the imposition of conditions buy to prevent the exploitation market meet the demands of neighboring countries, which suffer from sanctions economic and devaluation of their national currencies, all of this to re-balance the local market, which saw the result of what male fluctuate rapidly in prices dinar, adding that everyone knows that the central bank succeeded actually raise the value of the dinar is thoughtful and intelligent since 2003 until now that the price of the dollar equivalent to 240 dinars, but now price tag rose to 1120 per dollar, and this is one of the most important tasks of the central bank, which is responsible for monetary policy in the country, and one of the most important endeavors is to raise the value of the national currency to achieve a higher purchasing power of the Iraqi citizen.
The Central Bank of Iraq announced, yesterday, doing the buying and selling dollar at 1166 dinars during the auction, which is evaluated daily with the participation of 23 banks, after it was sell it and buy it at the price of 1170 dinars to the dollar.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in statements to the media », that« the bank to work on raising the prices of the Iraqi dinar against the dollar during its sessions for the sale and purchase of foreign currency by four dinars and by 3.4% to reach to 1166 dinars to the dollar », indicating that« dinar nominal is not commensurate with the purchasing power to him or the real price of the exchange rate of the dinar against the dollar. Saleh added that «the current account of payments Iraq where a large surplus relative to GDP and by 5-8%», stressing that «the surplus is the signal strength and not vice versa as well as the presence of large reserves of the Bank». Saleh pointed out that «the dollar exchange rates in the Iraqi market which recently experienced a slight increase will be affected by the decision of the Central Bank of Iraq, saying that «the Iraqi dinar will be attractive in the Iraqi market.
The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh earlier this year for efforts to obtain the approvals executive and legislative authority to ask three major categories after deleting three zeros from the Iraqi dinar, pointing out that the process of replacing the currency will take two years. As Saleh announced in (January 6 2012) from higher reserves the Iraqi Central Bank foreign currency to $ 60 billion, for the first time in the history of Iraq, while stressing its ability to curb inflation if arrived at two places decimal places, considered that current levels do not raise anxiety.
Noteworthy that the CBI is being daily sessions for the sale and purchase of foreign currencies with the exception of public holidays during which depends on those auctions.
And Zkrmzar Mohammed Saleh, said that the size of the money supply, which will be printed soon consist of 28 30 billion dinars, with calculation of the currency in circulation now reaches more than 32 trillion dinars, and you measure the size of Limbering which dominated the national currency, and the size of the benefits that will befall this project where withdraw monetary inflation and reduce the amount of cash and other.
He revealed that the shape of the new currency would be like a mirror reflecting the history of Iraq and specifications will be even better than printing the dollar, and are impossible with falsified, and will be charged properties technical and aesthetic features of an Iraqi national tells the story of civilization and achievements since the dawn of history, as well as she would Arabic and Kurdish as the constitutional text on This addition to the English language as a global system in place in all countries of the world.
He said the groups would be equal between the metal and paper issued class (25, 50, 75 and 100) dinars metal and there are groups of 5, 10 and 25, 50 and 100 dinars paper.
In order to shed light on the history Iraqi currency was hired to study integrated worked on writing the responsible engineer Mahmoud Shaker al-Rubaie, who was able to document the history of the dinar in this country since its inception and so far, which stated: – Talking about the Iraqi currency and a broad and large is linked political circumstances unstable experienced by Iraq, which led to the entry foreign currency of the policy of the occupied country, when Iraq was under Ottoman control, the (Majidi) is the currency traded in the deal has been named this currency rate to the Sultan Abdul Majeed’s father Sultan Abdul Hamid, and parts Majidi is (Alaqچh and righteous ) and continued deal Ottoman Palmgide until the entry Englishmen in 1917 and extract the country from Ottoman control was introduced with the British (Indian Rupee) as an alternative currency in dealing and trading and parts (Anna) and usual that the new currency expel the old currency ..
So ended the trading currency Ottoman having entered wild Indian to the Iraqi market and the reason for making the trading Barabah Indian instead lb English due to most troops English territories are Indians Sikhs and Alkirkh. Having crystallized when the British idea of a (Kingdom of) in Iraq and became talk about A boys Sharif Hussein to rise this task has happened in 23 / ​​August / 1921 as crowned Faisal Ibn Sharif Hussein king of Iraq must be of this political shift that is reflected at all levels and to find him there in the currency change. It began pumping Iraqi currency called a new (penny) and this word is out of Byzantine and consists of a small circle of copper in the middle category number and below the word fils and around the circle Kingdom of Iraq and on her right Hijri and to the left Gregorian date other side image of King Faisal I written on it King of Iraq on the right and Faisal I on the left.
With the passage of (Iraqi penny) continued (Indian Rupee) trading until the first of October 1932 deal was canceled.
After the issuance of (penny) issued a coin is (two mites) and with the same specifications penny but larger than a little then appeared (pubic), a four fils a reward currency English (brown), one of the parts pound continued to issue categories in ascending appeared ten fils a copper then Twenty penny called (the Koran) and the dirham and equal to 50 fils after emerged percent fils then two hundred fils and called (Rial) and equivalent (shilling) currency English which is made ​​of sterling silver and a picture of King Faisal I on the one hand and the other three palms engraved on the thick branch of a tree which large size relatively. and ten years after the coronation of King Faisal I was established Iraq Currency Board in London in 1931 and a law 44 of the same year by which printed paper currency in the sixteenth of March 1932 saw the light first Iraqi dinars bearing an image of King Faisal I on right and the name Kingdom of Iraq at the top and category number in the middle which is written in English and the second in English, where the company (Dollarroa) British print dinar also been printed in small denominations of paper (quarter and half) in India and began the Iraqi dinar expelled wild Indian, according to the rule referred to even end the deal in October 1932.
The Iraqi dinar equals 1,000 fils also been printed Order of five dinars and ten dinars and then was put carpaccio% Royal dinars.
With the development of political events, specifically on 26 / November / 1934 appeared new dinar He holds a picture of King Ghazi has happened after the departure of King Faisal I quickly changed this picture to be replaced by a picture of King Faisal II in late 1939, when the departure of King Ghazi. Has Council continued the Iraq Currency printing Iraqi currency until the Act No. 43 of 47 and under which was established (National Bank of Iraq), and specifically on the twentieth of July 1947 to adopt Multi printed Iraqi currency and the existence of this bank has been dispensed currency board and its Abolition in 1949, and after several years, specifically in the first of July 1956 a law was passed 72 under which changed its name National Bank of Iraq to (CBI). has not changed form the Iraqi currency and continued printing until the Republic of Iraq in 1958 and the emergence of leader Abdul Karim Kassem in his time occurred many amendments on the currency notes and coins It raised the pictures of the three kings of all currencies were replaced (slogan Republican) new and in the eighth of July 1958 and get a lot of variables on a coin as canceled class (Filsin) and added fils to (pubic) to become (five fils) and Hausa popular salutes leader his work is (lived leader who Zaid pubic .. fils ..) as well as canceled (the Koran), a twenty fils replaced (twenty five fils) while retaining Dirhams and percent fils and cancel (Rial) which is equal to 200 fils, the terms of paper currency, the class percent dinars were canceled and keep the rest of the categories of paper with the addition of symbols Iraqi her like (Palm filling Darbandikhan filling Dukan and Fort Phaenicia and Daura and waterfall entirely on your beacon humpback and Basrah silo and Helicobacter and bull winged and Lion of Babylon and ascend Kut and harp and obelisk of Hammurabi has changed shape currency only a slight change until the revolution of the seventeenth of July 1968 and began to raise the banner of the Republic to be replaced by the aforementioned Iraqi symbols.
With the beginning of the eighties of the last century began to appear a coin to replace bank notes small Fezhrt 250 fils compared to quarter dinars and 500 fils, compared to half dinars and 1000 fils against the dinar also issued CBI alloy of gold to the categories (gold dinar and five dinars and ten dinars gold) and sold rate prevailing gold for a short period, and in the mid-eighties of the last century began (feminine) size paper currency from quarter dinars and end Balashr dinars and more characteristic of this phase is the emergence of the Order of the ten dinars and has a picture of the world the great Hassan Ibn al-Haytham that Ohmt people that this currency is not Iraqi!! With the deterioration of the political situation and falling exchange rate of the dinar against the dollar proceeded government to print new class bearing the number 25 dinars and on his face the first image of Arabian horses and the other side is for the coin was then put a picture of former Iraqi President Saddam Hussein instead of Arabian horses were printed this category in Russia.
At second of August 1990 got evolution in Iraqi politics overshadowed the dark on the country in general and the currency, especially by imposing (policy economic blockade) by America and its allies, which led to the disappearance of original currency for each category and the emergence of currency printed locally Bmtaba newspapers and journals which lean and devoid of controls applicable universally. . With advancing years siege increased print size and say the dinar exchange rate against the dollar even arrived in 1995 to 3000 dinars to the dollar, which produced tons of currency printed locally. That monetary policy is losing its balance due (currency prosthetic) For the purpose of controlling inflation large began printing classes undefined earlier, such as the fifty and one hundred dinars, carrying a picture Unknown Soldier new Baghdad clock hand and a picture of former President Saddam Hussein from the second and then a class Almaútan and fifty dinars a poster of President as well. did not hold these banknotes in front of the dollar exchange rate with the continued printed locally up seemed meager worthless and large size افقدها prestige ..
And continued in 2002 to issue a new class is a paper (10000) dinars to absorb inflation gorge and sagging currency big hit, but to no avail.
After more than thirteen years on the policy of blockade and the advent of the CPA and the occupation of the country by the United States and set the civil governor Paul Bremer, who began amending Iraqi laws as it deems is if adopted the Law on the Central Bank No. 73 of 2004 amended, which provides for printing Iraqi currency new currency and rely on dinar Republican in terms of shape and change the category to be consistent with what the corresponding currency printed locally if adopted form quarter dinars to become 250 dinars and half becomes 500 dinars dinar becomes 1000 dinars, as well as five and ten dinars become five thousand and ten thousand dinars with the introduction of class new (25000) dinars to absorb hyperinflation in cash which are of red dye was also an instrument of coins from class 100 dinars and 50 dinars and 25 dinars, but has not been activated widely because of the conditions of inflation and price increases have begun replacing the currency from 01/10/2004 until 28/02/2005 and continuing currency trading referred to above to the present day and talk about the intention of the government remove three zeros from the Iraqi dinar to reach levels comparable with the exchange rates of foreign currencies dry Iraqi dinar back to glory and weighs a healthy beautiful green color.
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Economists: Robust, free market economy and strong industry will raise value of IQD, 9 DEC


Economists: Robust, free market economy and strong industry will raise value of IQD

Strengthen national industries increase confidence in JD

Observers believe that the advancement of the value of the Iraqi dinar coupled by a free and robust economic through strengthening local industry and make it comparable industries developed world, noting that the country is an important investment environment but the local currency is the lowest value among other currencies in the region.
The head of the Association of private banks Abdul Aziz Hassoun’s (range): “It is inconceivable to talk about a rise in the value of the Iraqi dinar before we find industry contain the phrase (made in Iraq) industry is Iraqi is the very foundation for the construction of a currency with a high value comparable to the value of other currencies explaining that the local industries at the present time below zero, as he put it.
For his part, explains Hussein Kazaz banking expert that the value of the Iraqi dinar depend on the value of its exports and its products, adding “We can not rise dinar without the existence of a domestic industry.”
And stresses the need to work on creating new products do other sectors and absorb the workforce and generate large revenues added to the budget through exports increases the confidence of the Iraqi dinar.
And refers Kazaz’s (range) the government should work to strengthen the industry can not get to the high level of production in overnight noting “there accumulations old may slow the growth of the Iraqi economy and can not raise the value of the dinar duration a year or two, but it is longer than much.
She had Reuters reported that thousands of people in the United States still expect a surge in Iraqi dinar and who was described as one of the greatest investment opportunities in the world.
He says one of speculators in Las Vegas that “the escalation of the Iraqi currency does not need to question, but Iraq when will restore raise the value of its currency, it will be the Iraqi dinar in the end a great value probably would be the highest in the world so that the dinar if rose a penny will be valuable profit 900 percent.”
He says the report published by the agency Baghdadiya News that some speculators expect the high value of the dinar against the U.S. dollar to become the Iraqi dinar equals between 1 to 3 dollars, which represents gains of between 116,500% to 349,700%. Noting the one traders dinar in the United States that he sold worth $ 577 million of Iraqi dinars to its customers in 2011, “he said, adding that his customers in the United States” were from parents, teachers, police officers and construction workers.
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