who do investments?

[///M3]

my friend ask me to invest on this..isit worth it?
Iraqi Dinar News | Buy Iraqi Dinars
thanks..






Iraqi Dinar News and why buy Iraqi Dinar

Presidential Order 13303: Allows US Citizens to buy and invest in the New Iraq . Under this Order and the Coalition Provisional Government Order 39, a US citizen has the same rights to investments as an Iraqi citizen.

<B>(01-01-2007) Iraqi Central Bank expecting budget deficit in 2007.
An official at the Iraqi Central Bank expected a deficit in the next-year budget due to pumping dollars into the local market, to preserve the stability of the iraqi dinar exchange rate.
Head of the Department of Statistics and Research at the "Central", Madhar Mohamed Salih, declared that the new budget will exchange allocations by the dollar, pointing out that the rise in the value of the iraqi dinar had a positive impact through limiting expenditures, to reduce inflationary pressures in the Iraqi economy and reduce costs on prices.
He pointed out that 95% of the budget incomes depends on oil revenues, as a basic resource for the country, pointing out that the coming conditions will be encouraging for lifting the value of the iraq dinar against the dollar, but could not determine the rate of exchange only after starting the work by the general budget.
The iraqi dinar continued to rise against the dollar during the auction of the "Central", at a sale price of 1352 iraq dinar last Sunday, compared to 1360 iraqi dinar last Thursday. The expert at the "Central", Majid Assuri, expected a remarkable improvement in the rate of the iraqi dinar, due to the low dollar exchange rate, over the next couple of months. The last rise in the rate of the Iraqi dinar against the dollar exchange rate was in 1995, but then the exchange rate stabilized between 1400 and 1700 iraqi dinar to the dollar.
The "Central" attributed the high rate of the iraqi dinar against the dollar, to the stability in the sale of the dollar below its real exchange rate. Assuri explained that the inflation suffered by the economy now is a price inflation, and not a monetary inflation, pointing out that the aim of the "Central" is to limit the effects of the monetary inflation. As for the price inflation, it is due to the lower commodity presentations, and to the greedy who exploit the circumstances through which Iraq is going. He expected a significant improvement in the rate of the iraqi dinar, and the drop in prices according to this improvement.


<B>(12-07-2006) Decline of the dollar against Iraqi dinar after being purchased by the Iraq Central Bank in the auction, which was opened by the Central Bank of Iraq today and attended by seven Iraqi banks.
The Iraqi Central Bank said in a statement that the main sale price today landed with 1430 iraqi dinar and the purchase price was 1428 iraqi dinar to the dollar.
The Iraqi Central Bank sold today, the amount of six million and 500 thousand dollars and bought one million and 930 thousand dollars.
The statement declared that the sold amount as remittances to abroad was six million and 500 thousand dollars, which reveals the reluctance of local market for the purchase of the dollar and the sufficiency of banks to buy it for the purpose of transfer, explaining that the cash sale price today is 1441 iraqi dinars per dollar.
The Bank has adopted a new monetary policy in an attempt to improve the rate of the dinar against the dollar, according to a program prepared by the Ministry of Planning, in conjunction with the Iraqi Central Bank for the purpose of eliminating inflation rates in the local market.


<B>(12-05-2006) Presentations sale of the dollar exceeds the purchase orders for the first time in the Iraq Central Bank Auction

For the first in the Central Bank Auction, last Wednesday, offers to sell the dollar exceeded the purchase orders significantly. A statement by the Bank said that the purchase orders by the four banks participating in the auction stood at 330 thousand dollars in cash for 20 million and 850 thousand dollars in cash yesterday.

Ali Al-Yasiri, a dealer with the Iraq Central Bank, attributed the significant drop in demand for the dollar to the decline of trading in the Iraqi market, because of the depressed commercial market due to the deteriorating security situation and the danger of dealing with large amounts of funds.

The statement pointed out that the Iraq Central Bank had covered all procurement requests at 1435 iraqi dinars to the dollar, 2 iraqi dinar lower than the price of yesterday. The dollar, today, dropped 2 iraqi dinar, for the fifth day consecutively, against the iraqi dinar (ID). The participating banks in the auction, today, presented offeres to sell the dollar reaching $ 2 million, bought by the bank in full at the exchange rate 1433 iraqi dinar to the dollar.


<B>(11-25-2006) Iraqi dinar continuing rising against the dollar

The rate of iraqi dinar continued rising against the dollar in the Iraq Central Bank auction last Wednesday; the price was 1444 iraqi dinars to the dollar after being 1446 iraqi dinars to the dollar on Tuesday. The Central Bank of Iraq sales, last Wednesday, slumped to reach 11 million and 435 thousand dollars after being 50 million and 115 thousand dollars the day before. The number of banks participating in the auction last Wednesday was 11 banks from 15 the day before.


<B>Iraq Investment Law at Glance

The Iraqi investment law approved by the Iraqi parliament in its session on 10 October 2006 will come into effect after its approval by the president and its publication in the Iraqi Official Gazette. It will regulate the national and foreign investment process in Iraq.

Judge Dr. Wa'il Abd Al-Latif, legal expert, MP and deputy head of the Legal Committee, outlines for Niqash the most important points in the law.

Privileges and Guarantees Offered to Investors: (to continue reading please follow the link. <B>Iraq Investment Law


<B>New Iraqi Dinar 25,000 Dinar Note

The New Iraqi Dinar 25,000 Dinar Note security features are;

Metallic Ink on Iraqi Dinar Note
Security Strip on side of Iraqi Dinar Note
UV Denomination Idenfication in the middle of Dinar Note
Raised Lettering on new Iraqi Dinar Note
In-threaded Watermark on Iraqi Dinar Note

Iraqi dinar is designed and Printed by the De La Rue Company of the United Kingdom.


<B>Why Buy New Iraqi Dinar


The price of the Iraq Dinar was 33 cents a piece before the war and $3.35 before sanctions were imposed on Iraq. It is now legal to own New Iraqi Dinar at this 30-year low price of new iraqi dinar.

Iraq’s position as the second largest oil reserve holder in the world, with 95 percent of Iraq’s revenue coming from exported oil. Iraqi investors have announced the establishment of two new private banks, which are: Al Mansur Investment Bank, with a capital 55 billion iraqi dinars (about 38 million dollars), and Tigris and Euphrates Bank for Development and Investment, with a capital of 25 billion iraqi dinars (about 17 million dollars).



<B>Iraqi Dinar - New Iraq Currency Dinar


On October 15, 2003, the new Iraqi Dinar Banknotes were launched by the Central Bank of Iraq in cooperation with the Coalition Provisional Authority in the denominations of 50 Iraqi Dinar, 250 Iraqi Dinar, 500 Iraq Dinars,1000 Iraq Dinar, 5000 iraqi dinars, 10000 Iraqi Dinar & 25000 Iraqi Dinar Bill. The new Iraq banknotes, printed by De La Rue, boast of the most up-to-date anti-counterfeit features, including watermarks, a security thread, raised letters, an optical variable ink and other variations to thwart counterfeiters. The new Iraq currency will supercede all previous 'Saddam' Dinar, and as of January 15th, 'Saddam' Dinar is considered a collectors item.


<B>Iraqi Dinar Facts



Starting October 15th 2003 a new Iraqi Currency known as the ‘new Iraqi dinar’ began to replace the ‘old Iraqui dinar’, and the currency used in the North of Iraq, the ‘swiss Iraqui dinar’. The new Iraqi dinar created a single unified currency that is used throughout all of Iraq. Since the production of the new Iraq dinar, the international demand for the new Iraqi dinar has continued to rise and as well the

[///M3]

deleted .

[shaaz]

why is any of your friends asking a young chap like you to invest when they know you are not even working to begin with?.... just very curious...

[hitmee]

nic...invest the 500k u have in ur bank lor...

[kenntona]

Ask yourself what's the credit rating of IRAQ. If you would not touch the rupiah, why would you invest in Iraq? And is the currency internationalised?

[TripleM]

Nick
whatever it is, dont buy yeah...money is better spent on PS3 games

[Terry]

nic...noooo invest in modding ur bike instead

[Mockngbrd]

invest in the

"Buy mockngbrd a brand new engine fund"

[kenntona]

Nick - no joking manner. I'd think this is a scam. If possible, alert the relevant authorities - but I am not sure if they would believe in you. Dun get me wrong, but I simply could not visualise someone trying to employ the scam on you. What is he gonna do? Make you remit US$50,000 to some banks in Baghdad?

[hitmee]

nic told me he got 500k.....