Announcement No.(1100)

 D.G. of Foreign Exchange Control  

The 1100 daily currency auction was held in the Central Bank of Iraq day Thursday  2008/2/7 so the results were as follows :                 

Announcement No.(1079)

 D.G. of Foreign Exchange Control  

The 1079 daily currency auction was held in the Central Bank of Iraq day Monday  2008/1/7 so the results were as follows :                 

An official source in Iraq’s Ministry of Finance has said that the stability of the security conditions in the past few months has had dramatic impact on the economy, saying that 2007 was a solid year for economic developments, with Iraq’s foreign debts down by 80% and unemployment down to 16%

SUMBER:  http://www.noozz.com/Iraq/Index.aspx?Id=0&SectionId=0&gclid=CKjRoavWm44CFQ9CEAodg3ktTQ

AMMAN -(Dow Jones)- Oil and gas developer Japan Petroleum Exploration Co. Ltd. (JAPEX) is helping Iraq carry out seismic surveys a prized oil field in the south, a senior Iraqi oil official said Monday.

JAPEX is providing remote supervision to an Iraqi 3D seismic survey team to survey the Gharraf oil field in Nassiriya province, which has a preliminary estimated reserve of 1.1 billion barrels.

JAPEX has supplied the team with more than $10 million of equipment and has provided up-to-date training to its members in Japan and France, the official said. The Japanese company is providing these equipment and assistant to the Iraqi Oil Ministry free of charge, he said.

The team has already started seismic surveys in the field and is expected to finish work in four to five months, he said. The team will also survey other Iraqi oil fields, he said without naming them.

Gharraf, one of Iraq’s untapped oil fields, is expected to produce up to 150, 000 barrels a day when it is developed, the official said. Iraq currently produces around 2.4 million barrels a day and plans to reach 3 million barrels a day by the end of 2008.

-By Hassan Hafidh, Dow Jones Newswires; + 962 777 612 111; hassan.hafidh@ dowjones.com

SUMBER:  http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20080107\ACQDJON200801070556DOWJONESDJONLINE000177.htm&selected=9999&selecteddisplaysymbol=9999&StoryTargetFrame=_top&mkt=WORLD&chk=unchecked&lang=&link=&headlinereturnpage=http://www.international.na

SUMBER:  http://www.aswataliraq.info/look/english/article.tpl?IdLanguage=1&IdPublication=4&NrArticle=65246&NrIssue=2&NrSection=2

BAGHDAD, Dec 13 (Reuters) – Iraq’s central bank denied on Thursday a plan to quickly revalue the dinar, saying a rumour had been spread by speculators. The Iraqi dinar has been gaining value slowly for months after the government announced a plan to gradually raise the exchange rate, now officially 1,210 to the U.S. dollar.

But the past week has seen the rate on Iraq’s streets climb suddenly as high as 1,080.

Rumours spread through Baghdad that the government was planning to suddenly move the official rate to 1,000 and perhaps remove three zeros to achieve 1:1 parity with the dollar.

“An authorised source at the Central Bank of Iraq denies rumours that claimed the bank wished to value the dollar at 1,000 Dinars, or less or more, or change the currency denominations, or remove the zeros from the present currency,” the central bank said in a statement.

“The Central Bank is following the phenomenon of less demand for the dollar closely,” it said. “Information or widespread rumours like this are designed to allow very quick trading benefits for some at the expense of the people.”

Copyright 2007 Reuters SUMBER=  http://www.forbes.com/reuters/feeds/reuters/2007/12/13/2007-12-13T115321Z_01_L13302074_RTRIDST_0_IRAQ-FOREX-REVALUATION.html

Announcement No.(1070)

 D.G. of Foreign Exchange Control  

The 1070 daily currency auction was held in the Central Bank of Iraq day Thursday  2007/12/13 so the results were as follows :                 

target akhir thn 2007 adalah 1200..hua hua hua…moga-moga jadi kenyataan.AMIN

GEMPAR!! Berita Baik?? atau Berita Buruk??

Salamz..lama dah tau berita ni tapi tidak berkesempatan utk mengupdate disini…sy menerima SMS dari seorang dealer (terima kasih AZMI Bandar Baru Bangi) memberitahu tentang berita ni..so saya pun search la utk mendapat berita lanjut..so pada penyimpan DINAR IRAQ DI MALAYSIA,..hopefully la korang semua masih simpan elok-elok dinar iraq yang dibeli ye.jgn hilang,jgn direnyuk note tu..huhuhu.kalau RV bole la kite exchange,kalau dia tukar pun kita masih ada diberi masa utk kumpul semua note utk ditukar balik.ENJOY READING!!

UPDATE: Iraq Plans To Rebase Its Dinar Early 2008 – Fin Min

Thu, Nov 29 2007, 15:19 GMT
http://www.djnewswires.com/eu

UPDATE: Iraq Plans To Rebase Its Dinar Early 2008 – Fin Min

(adds more interview details)

By Hassan Hafidh

Of DOW JONES NEWSWIRES

AMMAN (Dow Jones)-The Central Bank of Iraq is contemplating rebasing the Iraqi dinar and issuing new banknotes early next year, the country’s Finance Minister said Thursday.

“The Central Bank will take a decision in three months time from now, taking off three zeros from the current Iraqi dinar value,” Bayan Jabor said in an exclusive interview with Dow Jones Newswires in Amman.

On Thursday, the dinar traded 1,230 dinars against the dollar, according to a trader in Baghdad. If the rebase decision is taken, it means that a dollar will equal only 1.23 dinars at current prices, the minister said.

Currency rebasings usually are monetarily neutral and are introduced to make commercial calculations easier. Turkey knocked six zeroes off its lira currency on Jan 1 2005, for example.

Before the U.S.-led invasion of 2003, the dinar was trading at 2,500 against the dollar. During early 1980s an Iraqi dinar was traded by Iraqi state-run banks at 3 dollars.

The Central Bank of Iraq has been working to improve the value of the dinar against the dollar through holding a daily auction to sell dollars to private and government banks. The bank sells between $35 and $50 million in each auction it holds, bank officials said.

The Iraqi minister said, however, printing new bank notes and fully replacing old notes would take two years.

In July 2004, the now dissolved U.S. civilian authority in Iraq decided to print the current Iraqi bank notes replacing those used to bear the picture of the former Iraqi leader Saddam Hussein. Iraqis then had three months to swap their old dinars with the new ones.

According to Central Bank officials some 10,000 tons of old dinars were then collected and burned.

The current banknotes were printed by Britain’s De La Rue Plc (DLAR.L), the world’s biggest commercial printer of bank notes. Jabor didn’t say which company would print the new banknotes.

Jabor said that the government was able to bring down inflation from a record figure of 60% last year to a current 16%. He said Iraq’s economy is growing at a rate of 6% this year and that the government wants to increase that figure with more crude oil exports, tourism and agriculture in 2008. Iraq sits on the third largest oil reserves in the world and depends on oil sales for almost all of its foreign currency earnings. Jabor announced earlier this month that the country’s budget for 2008 would be $48.4 billion up from $42 billion in 2007. Some 88% percent of that budget would be financed from oil revenues which are expected to reach $36 billion, according to Iraqi officials.

He said that his ministry has allocated $15.5 billion for investment in various industrial, oil, agricultural, housing and service projects in 2008. He said some $5 billion that the government was not able to spend in 2007 would be moved to 2008 investment plan.

While in Amman, Jabor met with Jordanian businessmen to encourage them to start investment in Iraq’s ambitious reconstruction plan for 2008. He did the same thing with Syrian and Kuwaiti businessmen last week. – By Hassan Hafidh; Dow Jones Newswires; + 962 777 612 111; hassan.hafidh@dowjones.com

(END) Dow Jones Newswires

November 29, 2007 10:19 ET (15:19 GMT)

SUMBER: http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=fce85a1a-81d2-4920-a13d-0d6ab052864c

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.. 

BAGHDAD, Nov. 11 — The Iraqi prime minister, Nuri Kamal al-Maliki, said in a news conference on Sunday that increased security in Baghdad had allowed thousands of families to return to their homes in the capital and outlying areas.

The number of suicide attacks, car bombings and other terrorist acts has fallen 77 percent in Baghdad from last year, Mr. Maliki said, adding that 7,000 families had returned to the capital. Together, Mr. Maliki said, the improvements showed “we were able, after eight months of imposing the law, to drive Baghdad from its dark, black days into a brighter time that people feel optimistic about.”

Mr. Maliki’s assertions were the latest in a series of glowing reports he has offered since the start of the security plan in February. And while his assessment of the decline in violence matches that of American military commanders, it was not clear how he had tallied the number of returning families, which officials say have been exceedingly difficult to locate. The significance of the returns is also a subject of debate.

Most of the capital’s displaced people have yet to return, and the number of those leaving still outpaces those returning, according to Dana Graber Ladek, the Iraqi displacement specialist for the International Organization for Migration.

Over a million Iraqis have fled their homes in the past year and a half, she said, nearly three-quarters of them from Baghdad. And though the Iraqi government is offering one million Iraqi dinars, or roughly $812, to each Baghdad family that returns, she said, only a fraction of residents has done so.

“The security situation is going to have to stabilize for a longer period of time in order for those Iraqis to feel safe,” Ms. Ladek said. “We’re not seeing massive returns yet.” Nearly a third of the people who do return to their homes have found someone else living in them, she said. Most returnees are also going back to religiously homogeneous neighborhoods, she said, where they feel safer and more protected from sectarian strife.

According to recent estimates by the International Organization for Migration, since February 2006 the number of people who have fled their homes countrywide had been approximately 60,000 a month, Ms. Ladek said, adding that that number has dipped markedly in recent months as the violence in Baghdad has ebbed.

The United States military said Sunday that rocket and mortar attacks in Iraq have dipped to their lowest level since February 2006, a decrease it linked to the increase in American troop levels this year.

United States military commanders said creating a safe system in which Iraqis can return home, without forcing any squatters into the streets, will be one of the government’s greatest challenges for the coming year. The government and American military leaders have been conducting censuses in Baghdad neighborhoods since the spring, and have hired local volunteers to patrol the streets in an effort to understand migration patterns.

“They want to get back their homes and their property,” said Col. J. B. Burton, the commander of the Second Brigade Combat Team of the First Infantry Division, which controls northwest Baghdad.

Meanwhile, tensions remained high in Samarra, where, according to the military, the Iraqi police and coalition forces killed seven insurgents on Friday. Fighting between the Islamic Army, a local Sunni group, and Al Qaeda in Mesopotamia, a home-grown group that American officials say is led by foreigners, also broke out near Samarra late Friday, a government official said, leaving 23 insurgents dead.

On Sunday, Maj. Gen. Rick Lynch, commander of the Third Infantry Division in Iraq, said the discovery of Iranian-made weapons here was increasing, Reuters reported. General Lynch said it was unclear whether the rise was because more weapons were coming into Iraq or because American troops were finding more caches.

Reporting was contributed by Damien Cave, Stephen Farrell, Khalid al-Ansary and Qais Mizher from Baghdad, and an Iraqi employee of The New York Times from Samarra.

SOURCES:  

http://www.nytimes.com/2007/11/12/world/middleeast/12iraq.html?_r=1&ref=world&oref=slogin