In fact, what many Americans did not know is that the Iraqi dinar
revaluation is not as easy as they think.
"If you are unfamiliar with the Dinar on Reserve program (Lay away programme) with most companies you pay a 10 per cent down payment of the amount of Iraqi Dinars
your are purchasing and you have 30 days to pay off the balance or you will lose your 10 per cent.
And Americans along with Arab investors are snatching up the Iraqi dinar
. "My business partner gave us a tip that the Iraqi dinar
would be converted into the US dollar and when that happens the dinar would soar in value," says Jim Lacko out of Pennsylvania.
Ryan's bill provides that if Iraq becomes officially dollarized, the United States could rebate to Iraq most of the seigniorage (profit) from the dollar paper money and coins used to replace Iraqi dinars
Foreign transfers rose to hit $750.255 million this week against $656.225 million last week at an exchange rate of 1,173 Iraqi dinars
per each dollar, including the CBI s commission of 3 Iraqi dinars
per one dollar.
The demand hit $7.500 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars
, and $152.145 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars
per dollar, according to a CBI news bulletin received by Aswat al-Iraq news agency.
"The demand hit $13,632 million in cash, covered at an exchange rate of 1,179 Iraqi dinars
per dollar, and $158,790 million in foreign transfers outside the country, covered at an exchange rate of 1,179 Iraqi dinars
per dollar," according to a CBI news bulletin received by Aswat al-Iraq news agency.
BAGHDAD / Aswat al-Iraq: Iraqi government spokesman Ali al-Dabbagh announced today that the Cabinet approved the general budget law for the year 2013 with an amount of 138 trillion Iraqi dinars
. The new budget is 18% higher than the previous one he stated.