Iraqi Dinar has appreciated 20% over the last year

The Central Bank Of Iraq (CBI) has had some success at appreciating the Iraqi dinar as suggested by the International Monetary Fund IMF. The CBI has appreciated the dinar hoping to curb inflation.

The U.S. department of state says that the year to date inflation through August is 11.2%. The year on year rate of inflation dropped 20%.

The Iraqi dinar was worth 1470 dinar per U.S. dollar in November of 2006 and has appreciated against the dollar to 1230 dinar per dollar according to the CBI.

SUMBER:

http://www.usadaily.com/printFriendly.cfm?articleID=137989p/s=tepuk dada tanya la selera..saya cuma copy paste news yg ada saje.. 

IMPORTANT NEWS & LINKS

Links Pihak Berkecuali tentang Dinar Iraq Baru 

1- Bank Pusat Iraq
http://www.cbiraq.org/

2- Soal Jawab Dinar Iraq Di Pejabat Presiden White House
http://www.whitehouse.gov/ask/20031120.html

3- Berita Menteri Kewangan Israel Melanjutkan Lagi Setahun Untuk Rakyat Israel Membeli Dinar Iraq
http://www.ynetnews.com/articles/0,7340,L-3282124,00.html

4- Laporan Dinar Iraq Di Majalah Forbes
http://www.forbes.com/newswire/2004/01/12/rtr1206675.html

5- Berita Sambutan Ulang Tahun Dinar Iraq
http://iraq.usembassy.gov/iraq/041024_dinar.html

6- Laman Web Expo Pembangunan Iraq
http://www.rebuild-iraq-expo.com/

7- Laman Web Syarikat Yang Mencetak Dinar Iraq
http://www.delarue.com/

8- Laman Web Kedutaan Iraq Di USA
http://iraq.usembassy.gov/

9- Iraq debt write-off wins approval
http://news.bbc.co.uk/2/hi/business/4029905.stm

10- New Iraqi Dinar (NID)-Presidential Order 13303 allows US Citizens to invest in the New Iraq
http://www.freerepublic.com/focus/f-news/1103360/posts

11-Iraq ‘determined’ to settle Saddam-era debt claims in coming months – SINGAPORE, 20 September 2006 (Dow Jones)
http://www.iraqupdates.com/p_articles.php/article/10607

12-Iraq discusses $33 billion draft budget for 2007 – Baghdad, 06 September 2006 (Aswat Al Iraq)
http://www.iraqupdates.com/p_articles.php/article/10345

13-Iraq sets $33bn budget – Baghdad, 08 September 2006 (AME Info FZ LLC)
http://www.iraqupdates.com/p_articles.php/article/10389

14-Iraq Central Bank: Reserves enough to support Iraqi dinar – 18 September 2006 (Al-Sabaah)
http://www.iraqupdates.com/p_articles.php/article/10552

15-The Iraqi Dinar between the illusion of zeros and the game of economy – Sunday, September 10
http://www.lawksalih.com/php/modules.php?name=News&file=article&sid=1487

16-ID exchange rate climbs – Baghdad, 10 October 2006 (NINA)
http://www.iraqupdates.com/p_articles.php/article/10975

17-D.G. of Foreign Exchange Control – 13 October 2006 (Iraq Directory)
http://www.iraqupdates.com/p_articles.php/article/11066

18-Iraq to start pay debts to Romania in 2009 – 14 September 2006 (MENAFN)
http://www.iraqupdates.com/p_articles.php/article/10505

19-Iraqi troops ready for full security role by late 2007: minister – 19 October 2006 (AFP)
http://www.iraqupdates.com/p_articles.php/article/11204

20-Maklumat lanjut tentang potensi dinar iraq baru
http://www.portaliraq.com/

21-Senarai Syarikat-syarikat di Malaysia yg terlibat dgn rebuild Iraq 2007
http://www.rebuild-iraq-expo.com/exhibitor_list.asp?products=&country=Malaysia&c_submit=Search&company=&year=2006

Important Facts

news8.JPG” Iraq has been granted 32 billion dollars in debt relief. “The Paris Club agreement represents a major international contribution to Iraq ’s continued political and economic reconstruction. I encourage (other) nations to agree to comparable debt reduction for Iraq .”
George W. Bush 11/22/04

“Opening International Trade has increased the wages to Iraq ’s 25 million people who have pent-up demand for goods and services. An estimated $33 billion has already been collected for rebuilding Iraq . Coca-Cola, Chevron, Texaco, and more are investing! “…wages are triple those paid elsewhere in the Middle East .”
Wall Street Journal 11/24/04

“ Iraq has a stable currency; value of the new dinar has already risen 25 percent.”
US Department of State Bureau of Public Affairs 06/30/04

“A senior Iraqi leader evoked the eternal dream that Iraq could produce 10 million barrels a day.”
The New York Times 05/03/05

“If post-war Kuwait is any example: A Kuwaiti Dinar was valued at about a dime after the war. Each now brings in $3.40 …If ( Iraq Dinar) jumps to a few cents, (investors) can start paying off mortgages.”
Stars and Stripes Mid-east ed., 10/15/04

Ini pula apa yang pernah terjadi pada KUWAIT… inilah yang kita nantikan

Following World War II, it took three years to institute a new currency in West Germany . Iraq has taken only six months.Oil revenues and existing assets from the Saddam dictatorship are being pumped into government operations and reconstruction projects such as: paying 350,000 teachers (rehabilitating 2,200 schools), 100,000 doctors and healthcare workers,(30 times more funds over pre-war levels, restoring 240 hospitals), upgrading electrical grids, water, sewage, irrigation systems, and expanding oil output.

Iraq merupakan pengeluar minyak ke-2 terbesar di dunia.

3 dozen countries are contributing financially to the renewal of Iraq , and 19 countries are providing personnel for operations in Iraq.The new Iraqi Government and the US treasury are working together to reinstate a strong decentralized banking system in Iraq.Iraq has vast areas of fertile land and the most precious commodity of all in the Middle East, water. With the rejuvenation of the Tigris and Euphrates River , Iraq ’s agriculture sector may once again be the Breadbasket of the Middle East.More Iraqis are holding on to the New Dinar as a savings vehicle after years of hoarding dollars. The limited circulation of the new currency as compared to the open-ended printing of old notes by Saddam’s political leadership.Iraq has the World’s largest natural gas reserve and is the world’s 2nd largest oil producer. No one doubts Iraq ’s potential for enormous production. Only 17 of its 80 known oil fields have been developed, and the costs of new production are among the worlds lowest.

History Of the Dinar

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Rujuk kajian kes di atas – sejarah yang pernah belaku di Afghanistan dan Kuwait dan di bawah pula ialah Sejarah Dinar Iraq

History of the Iraqi Dinar - see the timeline of events that has occurred in the recent past that has affected the value of the Dinar. The Iraqi Dinar is currently at the lowest ever value and is expected to climb at a very rapid pace.

 

1932
Currency unit consists of 1,000 fils or 20 dirhams. When officially introduced at the end of the British mandate (1932), the dinar was equal to, and was linked to, the British pound sterling, which at that time was equal to US$4.86.

1932–1949
1949–1971

Iraqi dinar (ID) equalled US$4.86 between 1932 and 1949 and after devaluation in 1949, equalled US$2.80 between 1949 and 1971.

1959–1967
Iraq officially uncoupled the dinar from the pound sterling as a gesture of independence in 1959, but the dinar remained at parity with the pound until the British unit of currency was again devalued in 1967.

1971
One Iraqi dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began.

1973
Upon the devaluation of the United States dollar in 1973, the Iraqi dinar appreciated to US$3.39.

1980
It remained at this level until the outbreak of the Iran-Iraq War in 1980.

1982
In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation despite mounting debt.

1988
In early 1988, the official dinar-dollar exchange rate was still ID1 to US$3.22; however, with estimates of the nation’s inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar’s real transaction value, or black market exchange rate, was far lower-only about half the 1986 official rate.

1986–2003
1986–2003 Exchange rate was between .33 cents to 1.32 to a dollar.

2003
In October 2003, the official dinar-dollar exchange rate was ID1 to US$0.00027.

2004–2005
August 2004 till 2005, the official dinar-dollar exchange rate is ID1 to US$0.00068. Population: 25,374,691 (July 2004 estimate.)