Iraq an economic Study

I agree.

New Bloomberg video Is Now the Time to Invest in Iraq?: [link to www.bloomberg.com]

Iraq Screen Shot of People Cheering! from wwwitv.com this morning around 9:00 AM CST Screen shot: [link to peoplestalkradio.com]

How much dinar is printed or in circulation?

CBI website down again.


[link to www.cbi.iq]

It's up again

US dollar USD 1166.000 1164.000

Found the circulation info I was after.

In 1980 when 1 dinar was equal to $3.10 there was 20 billion dinar in circulation.


Now there are 30 trillion dinar in circulation!



...so in 1980 Iraq had $71 billion dollars worth of dinar.


Today Iraq has $50 billion dollars worth of dinar.



In other words, the current value of dinar is pretty close to it was back in the 80's.



Do they have more oil or something now compared to the eighties?


How is it possible to RV the dinar much more than it is now?




.

Not accurate,

I was told the listing for physical currency is the M0 (M zero) and Iraq stopped reporting M0 (physical currency) in 2010 when they started pulling it from circulation.

So the real amount in circulation is secret.

The numbers they put out M1 and M2 are physical plus assets so the numbers are highly inflated.

By the way, you can go to the CBI website and see it yourself when they stopped the reporting on M0 (physical currency) yourself.

Last Edited by PIR on 06/30/2013 12:05 PM

Omg am I dreaming, chapter 7 is over? This thing may actually happen after all these years?

not so fast?????????

6-30-2013 Kaperoni: Article and Quote: “A joint committee to browning Training Center Act monetary and banking” “economic joint committee with the parliamentary process to provide a final report on the draft law center monetary and banking training next week.” If we go back and look a week or so ago, this law was in Parliament. This is very important law that needs to be passed so they can educate the banks, employees, etc on the standards, and requirements pertaining to international banking activities, products and services. IMO, this law is a must before anything will happen with the rate/IMF Article VIII.

This is not an issue.

Banks always do training.

After the rate change there will be meetings and laws and things to do and things to pass.

He is just looking for a reason it cannot happen now.

Planning expects the dinar improved
6.30.13

Minister of planning and development cooperation Minister of finance Youssef El shukrijumah agency should exit Iraq from Chapter VII will be reflected positively on the economy in the country.

He moved to the Iraqi national lllanbaa agency/Nina/”exit Iraq from Chapter VII will have a clear impact on economic growth and the exchange rate of the Iraqi dinar against other currencies.El shukrijumah said: “Iraq will be a positive and good after coming out of Chapter VII, which provides for Iraq to move on.

The UN Security Council on Thursday voted unanimously to exit Iraq from Chapter VII to chapter VI of the Charter of the United Nations.

The decision came after Secretary General Ban Ki-moon to eject Iraq from Chapter VII of its commitment to the implementation of United Nations resolutions on the question of Kuwait.

albayaniq.com


[link to iraqidinarchat.net]

Iraq Oil and Gas Law! ~ Agreement on a formula for the oil and gas law with the central government

[link to goingglobaleastmeetswest.blogspot.com]

I agree. Kap is my favorite guy in this and he's been saying they need banking laws done first for a long time but this is sort of a retreat from his position a couple days ago. I get the impression he thinks this law will come with a bunch of others pretty quickly but I don't think it's an absolute necessity before monetary reform. Looks like HCL is about to wrap up too. Either way, this feels like the home stretch.

We're off to catch a flight for a family reunion in the mountains somewhere, sans net until next weekend. Maybe this will all be water under the bridge by then. Have fun everyone.

Then there was silence, as they all run back to their holes, to think, "what went wrong"?

On the CBI financial indicators. As of November 2012 it was 29,597 billion or 29.6 trillion dinar outside banks.


No getting around that.

Yup and that was listed as M1 not M0 and there is no getting around that! So the numbers are cooked to hide the true amount of physical currency in circulation.

The person I heard that from revisited the issue again last night. Someone called in and asked about the amount of physical currency and he gave an explanation.

Link: [link to www.blogtalkradio.com]

Last Edited by PIR on 07/01/2013 10:37 AM

So you are hoping that they actually have an economy many times greater than the entire united states?

good luck with that.

Looks to be a little more than luck!

By the way....you do know the United States is over 17 Trillion dollars in debt right?

Iraq Central Bank Reserves Increase to more than 80 Billion Dollars will Enhance the Stability of the Iraqi Dinar $2.50 ..

"this means that all Iraqi dinars located inside or outside Iraq covered two dollars and a half dollar, because the size of the blocks cash of the Iraqi currency amounting to 33 trillion dinars."

[link to goingglobaleastmeetswest.blogspot.com]

From $50 billion to $80 billion equates to $2.50 per dinar





Shhh, hope George Soros doesn't see your post lol.

If it were JUST the dollar you would have a point BUT..

Not just the dollar but also GOLD and other currencies, maybe even oil as a backing basket.

"Iraq To Back The Iraqi Dinar With Gold!
Iraq forms joint panel to stabilize currency by supporting the value of the dinar with gold and preventing traders and banks from manipulating the dollar and euro rates of exchange."


Thread: Iraq To Back The Iraqi Dinar With Gold!

Last Edited by PIR on 07/01/2013 12:15 PM

There is no way there is 30 plus trillion dinar in circulation. That is not to say the it doesn't exist. Much of the money printed for Iraq use was not put into circulation ie the small bills. And much of the large bills in country has been dollarized. The balances held by foreign countries such as the US and its citizens will not be converted to physical us dollars but held on account in reserve for purchasing oil at appox 38usd per barrel over a long period of time. This has all been agreed to from the start. The unknown factor is how much dinar is in circulation in country. I would estimate the number to quite low. So a revalue could be very cheap for the Iraqi government at this time. Even Iraq's own reserves for the most part are held in foreign currencies.

Where can I buy dinar?

Iraq's population is estimated at 35 million with an average yearly income of 6,000 usd or approx 7million dinar. Leaving the monthly income of appox. 583,ooo monthly or weekly 145,000 dinar. This would leave little for savings and most on any given day would probably have at the most 145,000dinar , but probably less due the dollarization efforts going on. what percentage of dinar vs usd, who knows. But we are not talking 33 trillion in dinar floating around the country. Not that I can see anyway.

Dinar vets or google dinar dealers, but make sure they are authorized dealers.

I was just reading somewhere that dinar vets theyre dodgy traders.

I haven't heard of any problems with them. But who knows.

On DV, it's just a person to person transaction, and I haven't seen any complaints about members there. That's really if you're looking to get a discount because those guys tend to sell for the market rate. You're taking more of a chance there, though, because you're buying from an individual. There are several traders that are reputable and sell for a premium, if that's the route you want to go. DinarTrade, Sterling Currency, and DinarCorp are the three that I have bought from and never had a problem.

Thanks guys.


What banks currently trade in dinar?

lol, none that I know of. Unless you go to Iraq.