Thread: Today,1 million Dinar = $____________

Today 1 million Dinar = $ 835.42

No Change Today

FOCUS

Maceman

Today 1 million Dinar = $ 835.42

No Change Today

FOCUS

Maceman

Today 1 million Dinar = $ 835.42

No Change and a Holiday

the pot is being stirred

FOCUS

Maceman

Today 1 million Dinar = $ 835.42 (well at least the bank was not active in selling dinar today)

Tommorow ,holiday?... we will see

the pot is being stirred

FOCUS

Maceman

Today 1 million Dinar = $ 835.42 (well at least the bank was not active in selling dinar today)


the pot is being stirred, underrated currencies struggling not to rise.

FOCUS

Maceman

Thanks for the input Maceman..

Admin

Originally Posted by maceman

Today 1 million Dinar = $ 835.42 (well at least the bank was not active in selling dinar today)


the pot is being stirred, underrated currencies struggling not to rise.

FOCUS

Maceman

We want the CBI to sell dinar and the banks buying.

Originally Posted by CROW

We want the CBI to sell dinar and the banks buying.

Hello Crow

Good to see you here. I agree.

But if the cbi is not selling dinar,would not that make it rise in value because of the demand? Or because it is realized that it will rise sharply against the dollar thus making the cbi profit

Is it and I stand corrected, that the merchants, the banks, bring 1198 dinar to the cbi and they get a dollar. This allows them to do business with foreigners or what ever ,with the dollar.

Then when they bring the dollar back they get a few dinar less, maybe 1196.
The banks makes a couple of dinar off the exchange.

That is my understanding?
.

Maceman

Originally Posted by maceman

Today 1 million Dinar = $ 835.42 (well at least the bank was not active in selling dinar today)


the pot is being stirred, underrated currencies struggling not to rise.

FOCUS

Maceman

Sorry about the (at least), should have left it out, but just thought that It was a little stirring of the pot, a hesitant act, because of the pressure and the demand from all around, to normalize with the rest of the world.

Quite a test, that is to control a key player's economy, if it can be done in Irag then it can be done anywhere

Feed back?

Maceman

Originally Posted by maceman

Hello Crow

Good to see you here. I agree.

But if the cbi is not selling dinar,would not that make it rise in value because of the demand? Or because it is realized that it will rise sharply against the dollar thus making the cbi profit

Is it and I stand corrected, that the merchants, the banks, bring 1198 dinar to the cbi and they get a dollar. This allows them to do business with foreigners or what ever ,with the dollar.

Then when they bring the dollar back they get a few dinar less, maybe 1196.
The banks makes a couple of dinar off the exchange.

That is my understanding?
.

Maceman

Hi Maceman! What I like to see is when the banks buy dinar for dollars for customers, which means foreign inflows of capital to be invested in dinar accounts and for other investments, ISX, bonds etc. For me the higher the amount the better with a reversion ( which is when the numbers reverse more dinar is bought then sold by the banks) being a key indicator of more investment flowing into Iraq, we will see the demand for dinar increase as dinar is needed for the increased business activity.CROW