Free Republic

A lot of folks are talking about investing in Iraqi Dinar, well for anyone who cares here is my 2 CENTS worth. Yes, I have bought some Iraqi Dinar as a personal investment (at or BELOW the current exchange rate), and yes there is some risk. However, I find it interesting that many folks have spent large sums of money "investing" in Iraqi currency, and at times have spent MORE than what the currency is exchanged for here in Baghdad. I do not understand this, so I guess I am asking if any freepers out there have bought Iraqi Dinar,...

Tuesday 01 November 2005, 20:38 Makka Time, 17:38 GMT The US now feels it is beneficial to use Iraqi dinars Related: US fraud found in Iraq reconstruction Iraq reconstruction takes a back seat US calls for Iraq reconstruction help Tools: Email Article Print Article Send Your Feedback The US military has started paying Iraqi contractors in dinars instead of dollars, a step that comes amidst reports of a dramatic increase in spending on security. On 14 October, "a 3rd Infantry Division finance office issued the first payment in Iraqi currency while in theater," a US military statement said on Tuesday....

The upsurge in violence has worsened conditions for almost everyone and everything in Iraq, but the new currency. The Iraqi dinar is the winner as it has so far weathered the impact of mounting violence and car bombs that would have sent any other country’s currency tumbling. Since its launch in October, 2003, the new dinar has preserved its value vis-à-vis the U.S. dollar and other major countries. It is probably the only symbol of stability in a car torn by wars, civil strife and violence. However, Iraqi economists are not surprised to see the currency fending off the political...

New Iraqi Dinar (NID) Presidential Order 13303 allows US Citizens to 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 IRAQ (PRWEB) March 2, 2004 -- Investment in the new Iraq is guaranteed under the Presidential Order 13303 removing sanctions on investment in Iraq. The new order allows for a restructuring of the banking system in Iraq. US citizens are allowed to invest in Currency, Stocks, Bonds, Real Estate and Business in Iraq. Iraq has a new currency to replace...

<p>Central bank employees in Baghdad process the now-defunct currency. Saddam Hussein first appeared on it in the 1980s.</p> <p>Baghdad -- One of the last visible vestiges of Saddam Hussein vanished from the streets of Iraq on Thursday, as the money that bore his image became officially obsolete.</p>

Billions of dollars worth of new, hard-to- counterfeit Iraqi dinar bank notes are now officially in circulation throughout the country, the Coalition Provisional Authority reported today. The new money became the official currency of Iraq Jan. 15 after a three-month exchange period that also has involved the destruction of tons of Saddam Hussein-era notes, according to a joint CPA-Central Bank of Iraq news release. "The new dinar is a real improvement over the old," Ahmed Salman Jaburi, deputy governor of Iraq's Central Bank, asserted in the news release. Because the new money has security features that make it hard to...

Money exchange continues without hiccups Baghdad, Iraq Press, October 17, 2003 – The largest money exchange in Iraq's history is proceeding smoothly and no incident has been recorded in the 250 bank branches swapping former tattered banknotes for the new currency. "Everything is proceeding according to plan. Our 1,250 staff involved in the exchange have reported no problems so far," Faleh Dawood Salman of the Iraq Central Bank said. There are 80 exchange points in Baghdad alone, Salman said, adding that the bank was determined to complete the exchange by January 15 when old notes bearing the face of the...

Healing IraqToday was the first day 250 banks all over Iraq commenced the exchange of the old Iraqi currency(ies) with new unified notes recently printed abroad, in Britain I guess. It was surprisingly a peaceful and quiet day, contrary to all expectations and rumours circulating in Baghdad that banks would be targetted the first day they started the exchange process. Many Rafidain bank divisions across Baghdad received warnings and threat letters. My aunt works as a bank manager, and she found a letter on her desk a few days ago signed by a group called The Army Of Mohammed 'Jaish...

U.S. officials to begin getting rid of Iraqi dinars with Saddam's image ASSOCIATED PRESS BAGHDAD, Iraq, July 7 — U.S. authorities announced Monday they will begin replacing Iraq's dinar in October in a currency swap that will rid the bill of the image of Saddam Hussein, months after his fall from power.