Old Crazy Thread.

[Dinar Cha Ching]

Wow wasn't that a 17 point increase!!!!!!!

This was a sweeeeeeet auction...........

1352 - 1345 = 7

I guess some folks are Auction Challenged.

[ahill]

Dinar Cha Ching,

Too funny!!!

I was begining to wonder if somebody noticed.

Ahill

[Offshore-Wealth.com]

Greetings,

Well, as we all must do from time to time, reflect, this is the time I look back and plan for the future. We have all been through a lot over the past few years, but then again, that is what makes us special, we have seen enough down times to really, really appreciate the up times, and these are just ahead as we know.

I just wanted to again say Happy Holidays to All, and hope you are enjoying the day with families and friends, and I consider you all friends, so I thought I would take a moment to say thanks to everyone for all the support along this bumpy road we have been on. Smooth sailing is just ahead, so get ready.

Happy Holidays to All, Mike

[YogiBrood]

R U now offshore or still onshore Mike???

Cheers to you and all those looking up to all the very best of tips given by all wanting to help each other for the best here in ROLClub!

When trailing offshore...don't forget the Life jacket, always handy to have it on and NOT lose all your bucks in just one basket when you take yet another plunge...

Merry Christmas Mike and may the snow fall to everyone's delight, sing the carols & keep cool if you are going out and get snowed-in on the highway....

YB. - Cheers to a fruitful year in 2007 and May God bless you ALL in your coming endeavours & resolutions!!!

[H2O_Lover]

The 833 daily currency auction was held in the Central Bank of Iraq day Monday 2006 / 12/ 25 so the results were as follows :

Details Notes
Number of banks 6 -----
Auction price selling dinar / US $ 1345 -----
Auction price buying dinar / US $ 1343 -----
Amount sold at auction price (US $) 16.450.000 -----
Amount purchased at Auction price (US $) 2.900.000
Total offers for buying (US $) 16.450.000 -----
Total offers for selling (US $) 2.900.000

HAPPY HOLIDAY

[Inscrutable]

He added that "the rate of 75% of the real exchange rate of the dollar to improve, and is of tradable goods, such as oil revenues, which represents the first and only in Iraq, noting that" the oldest bank to increase the rate of flow of the International Monetary deposits greater than for the control of inflation and improving the value of the dinar

i meant to highlight this part

And now the real language translation.

The article is stating that the rate of the US dollar is reduced to 75% of what it use to be because of the dinar rising but this rate will come back to the official rate, (that being $1.00/100%.) because of future trades and oil revenues.
And in the end of the article it states that this is the first time Iraq is able to control inflation by increasing the flow of foreign currency into the market while increasing the value of the dinar.

Wish it said an increase in the dinar rate to 75% of official value but it doesn't. Enjoy the hype and excitement of being with your family this Christmas day, next year should be better. Happy Holidays.

[Inscrutable]

The Governor of the Central Bank OF Iraq held a press conference on Monday 26TH of Dec. at 1:00 O'clock PM. , addressing the announcement of the International Monetary Fund granting Iraq credit arrangements in the equivalent of USD 685 million within a stand by agreement , H.E. touched on the benefits Iraq will gain out of those arrangements and economic reforms , also tackling on the agreement with the creditors regarding commercial debt exchange and the write – off of some countries to a large proportion of their debts on Iraq .

H . E . referred to the most critical economic problems Iraq is facing which were left behind by the previous regime and how important the arrangements granted to Iraq are in building an overall stable economy achieving economic development that will facilitates the reintegration of Iraq with the international community .

The conference was attended by Senior Officials from the CBI and a number of audio visual media means with local and international newspaper reporters.

That's from last year's SBA ez. Thanks though.

[texaslonghorns]

And now the real language translation.

The article is stating that the rate of the US dollar is reduced to 75% of what it use to be because of the dinar rising but this rate will come back to the official rate, (that being $1.00/100%.) because of future trades and oil revenues.
And in the end of the article it states that this is the first time Iraq is able to control inflation by increasing the flow of foreign currency into the market while increasing the value of the dinar.

Wish it said an increase in the dinar rate to 75% of official value but it doesn't. Enjoy the hype and excitement of being with your family this Christmas day, next year should be better. Happy Holidays.

Thanks for bringing us all back to reality. We also all know there is no Santa Claus either. My mom beat you to that announcement earlier.

[Inscrutable]

Sorry, Just posting what my arabic translator read to me, and what do you mean there is no Santa Claus? Who was that fat guy in the living room last night?

[ezcash]

That's from last year's SBA ez. Thanks though.

Opps... thats why I should stick to reading instead of posting :)
deleting it... thanks :)ez