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

Originally Posted by opps50

Susie have you heard anything from the lawyer

"ok, heres my newest scoop i got when i came home tonight. a friend talked to a lawyer who works in some capacity for the cbi and was told that everything is done and must be announced before the 1st. so somebody needs to get that countdown clock fired up again and get us a countdown goin here!!!

woOt!!!!!!!!!"""

that rumor was passed onto me almost 2 months ago. i cant even remember who passed it on let alone be able to go back and check.

Originally Posted by noced71

Could someone translate? I can never seem to decipher these articles in to a simple paragraph like some others can.

Because holiday Source :Middle East-24 / 10 / 2006 varied in the dollar exchange rate between the American Central Bank of Iraq and domestic markets, especially after the official stopped the auction to sell currencies to convene for a period of ten days because of Eid al-Fitr.The observers of the currency market that any appropriate punctuated by public holidays and special continuing for several days is expected to raise the value of the American dollar against the Iraqi dinar but the difference is limited only in the most serious cases of 1500 dinars to the dollar, because such increases in the view of some speculators will be temporary,They fear from the Iraqi Central Bank by stopping safety valve of the Iraqi dinar and the market.Even the view that the bank market rose as the case already before this year and a half it would go a vacation to begin offering large amounts of hard currency on the market and directly and at prices lower than the price of this transaction and believe more speculators nervous about keeping large quantities within their bags due to the risk of loss.But dealing in the market on the basis of supply and demand, this means that speculators small dealers with any citizen would have very high profits for this reason any of supply and demand.And the expectations of market prices between the observer that the dollar exchange rate in the auction, the central place in the Central Bank of Iraq finally began to retreat before the Iraqi dinar, as the bank began raises huge amounts of dollars because of the need of local government to criticism, especially as the volume of government consumption increased recently and this requires secure SarviaT. through the auction.Finally, the supply has increased from $ 35 million to $ 60 million per day.The Bank has begun daily canteen in his possession at 1470 dinars to the dollar after the dollar in 1477.As in the markets believe that dealing with citizen not affected sudden decline in rushing to raise prices with the increase and the same moment, and it is expected to increase demand during these ten days, which would not be attended by the Central Bank of Iraq, but is disproportionately strong.And the last formal meeting of the bank,among the auction manager in the bank that the rate at which the yacht by the auction sale was 1470 dinars to the dollar,Before the bank at the auction, according to the desire of buyers and the sale of 43.8 million at the same prices and the quantity sold in cash to banks and clients to 18.690 million in 1470 and the rate of addition to a difference of 11 points prices and profitability ratios.The quantity sold for money out of Iraq was $ 25 million, at 1470 dinars.This means that the amounts of money went on sale quantities of banks and this is due to the increased demand for conversion, especially after the increased need to acquit the companies collaborating with the outside world and the start of the reconstruction phase in Iraq.

Originally Posted by *CLEO*

83rd an Union Hills branch wanted us to open an acct and deposit a minimum balance to be able to exchange.

WHAT A LOAD OF JUNK!!

Each branch must make their own rules. It's so frustrating!!!

New update on Chase - 101 and Camelback is knowledgable and is still selling at the same rate as when the CBI site was down.

Originally Posted by *CLEO*

New update on Chase - 101 and Camelback is knowledgable and is still selling at the same rate as when the CBI site was down.

Chase branch on 75th and Thomas stopped selling a week ago.

WHAT THE !!! Makes no sense at all!

From:
http://64.233.179.104/translate_c?hl...px%3Fid%3D2384

Varied in the dollar exchange rate between the American Central Bank of Iraq and domestic markets, especially after the official stopped the auction to sell currencies to convene for a period of ten days because of Eid al-Fitr

If the auctions were stopped for ten days, then where did the numbers posted on the CBI website, come from?

This means that the amounts of money went on sale quantities of banks and this is due to the increased demand for conversion, especially after the increased need to acquit the companies collaborating with the outside world and the start of the reconstruction phase in Iraq.

I like this part.

2B

Originally Posted by 2bmoore

From:
http://64.233.179.104/translate_c?hl...px%3Fid%3D2384

If the auctions were stopped for ten days, then where did the numbers posted on the CBI website, come from?

I like this part.

2B

So much for transparency.

Originally Posted by Frank Rizzo

Because holiday Source :Middle East-24 / 10 / 2006 varied in the dollar exchange rate between the American Central Bank of Iraq and domestic markets,.........

Thanks, now my brain doesn't hurt so much....

Originally Posted by noced71

Thanks, now my brain doesn't hurt so much....

My brain does hurt. I wish they would finally do something.
LIT

Where did you get this date?


[QUOTE=shotgunsusie;125331][B][SIZE="2"][COLOR="Purple"]
#1 FACT: THE FOREIGN INVESTMENT LAW HAS BEEN SIGNED AND WILL GO INTO EFFECT BY THE 10TH OF NOVEMBER I BELIEVE IT IS. IF THEY DO NOT REVALUE THE DINAR BEFORE THAT DATE THEN FOREIGN INVESTMENT CAN MOVE INTO THE COUNTRY AND BUY ANYTHING ALLOWABLE IN THE FIL FOR PENNIES ON THE DOLLAR OR .0006 CENTS PER DOLLARS WORTH OF GOODIES.

originator, WCKDinar

This is something I had not even considered. He makes a very valid point. Thought it was worth posting over here.

If there is a RV. (I think there will be, maybe soon). Our names are on many lists. Those lists from dealers will be sold to people who want the names of high-income persons. So be prepared. There will be all types of programs to get you your money. The truth is that this currency will trade on the open market and if a bank like Chase is already buying and sell, there will be others. Exchanging currency is easily done, those who have traveled know this. Be very careful with these types of programs, they won't be needed. Use your CPA, attorney and CFP. And change your phone number when the fast talking salesmen start calling "out of the blue".