Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by CharmedPiper

If I may ask, what where they telling you....reason why they didn't have it. Just curious. Thanks.

When I first asked the Amex guy, he mentioned something about government restrictions. When I told him that wasn't correct, he said "Let me check again", then said there weren't any quotes for buying or selling.

Ken

Originally Posted by doublescorpio

Was just checking around e-bay and seeing if the amount being sold went down or if anything changed. The guy from AZ still has one auction for 100 million dinar...but what is interesting is the question some one asked at the bottom of the auction....

Q: This may sound like an odd question,you appear to be one of the largest seller of dinars on ebay,thought you may know why the Central bank of Iraq's website has been down for 2 days now. Ant ideas.Thanks for ant info you can provide.Gay Stuart. Houston,TX.
Oct-19-06
A: Just reorganization of web site do not get overly excited no reval will happen till next year.


link eBay: 100 MILLION IRAQI DINARS ~DELIVERY OKAY NEW IRAQ DINAR (item 150045870148 end time Oct-22-06 08:46:58 PDT)

This is who I purchased my first dinars from. It's Dinarinfo. Is he a member here?
The seller is Dinarinfo

Originally Posted by nventr

The engineer in me makes me do this. Quite often we see comments stating that moving the decimal point 3 to the left gives us a rate of $1.47=1 IRD. That is flawed math. Moving the decimal point would yield 1.47 IRD= $1.00. This would then read $0.68 = 1 IRD. Still a very good number. My family has in the mid 8 figures of dinars and I can handle that math.

Thank you.. Have been wanting to post the above for a few days now, but didn't get to it.

Randy

Originally Posted by 2bmoore

I agree with this assessment. The one thing I've been wondering about is the lack of news about the HCL. This is obviously a very important and contentious law, which we have been hearing a lot about up until this week. What happened to it?

2B

iraqi presidency site referenced it last week saying it would be done the 13th i believe. no news about it since then. couldnt even find the original article on al sabaah that it referenced the title of. GONE.

Originally Posted by CharmedPiper

It has already been discussed that most likely the reval amount will be in close running with Jordan's rate..... Jordan's rate 1.40 range.....

yes, close to Jordan's rate is certainly one possibility but if that is where it ends up (and i will be over the moon if it does) it will have nothing to do with moving the decimal point.

Originally Posted by CharmedPiper

SGS where are you....can you clear this up...I also thought we are talking 1 dinar would equal 1.47 USD. Why does everybody keep doing that .68 thing???Now I am confused.

YES... SGS .......would you clear this up

Originally Posted by TheBrain

A Family in Baghdad

Thank you for sharing this. I am not naive to think that everything should be great everywhere, but enough is enough already.

Originally Posted by nventr

The engineer in me makes me do this. Quite often we see comments stating that moving the decimal point 3 to the left gives us a rate of $1.47=1 IRD. That is flawed math. Moving the decimal point would yield 1.47 IRD= $1.00. This would then read $0.68 = 1 IRD. Still a very good number. My family has in the mid 8 figures of dinars and I can handle that math.

i am thinking more in the lines of moving the decimal point 3 places on their goods and services. which would be very simple to do in the marketplace. if you move the decimal point three places on your goods and services then adaptation would be very easy, no calculators.

all i know for sure is that it will rise SIGNIFICANTLY against the dollar. thats good enough for me. lol

Originally Posted by shotgunsusie

was the dollar fluxuating at all?

I did not look at the dollar except in relation to the Dinar, it was a very small movement, I don't think it is a big deal.

Originally Posted by shotgunsusie

NOOOOOOOOOOOOOOOO!!!!!!!!
THE PAST THREE SESSIONS THEY ARE TALKING ABOUT ARE THE SESSIONS WHICH ACTUALLY TOOK PLACE. THAT AMOUNT WAS IDENTICAL ALL THREE OF THOSE AUCTIONS, HENCE WHY WHEN THEY REFERED TO MONDAYS AUCTION THEY REFERENCED THE LAST THREE AUCTION SESSIONS WHICH WERE HELD.

SIGH...

But that isn't exactly right...here are the past auctions.....

1471.26 IQD to 1 USD 10/10/06
1470.26 IQD to 1 USD 10/11/06
1470.26 IQD to 1 USD 10/12/06
1469.26 IQD to 1 USD 10/15/06
1469.26 IQD to 1 USD 10/16/06

I have attended alot of auctions. You bid for the item, highest bid wins. Sometimes things are offered at a fixed price because there are quantities of the same object. Whoever wants one can have it at that price till all are sold. Maybe that is what the bank is doing. IMHO they are meeting each day but instead of auctioning the dinar they put a fixed price on it (1470). If you want it you can have it at that price. I believe that is what the article is saying. It can't be the way you said Susie because the past three auctions don't reflect that statement. But again, its just my thoughts on it.

Cheers!
DayDream