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

Originally Posted by webinvestor

That was my first thought. Todays auction saw them buying a 109 million (US value) of Dinar but selling only a few million. Hmmmm indeed.

Perhaps they are just practicing? I know that the "forex" market is really weard right now and will be all day for the USD. They know that if the Dems gain control the USD is in big trouble.

Just speaking what I believe now, They have the value already figured out and it should be more than the USD so they wish to own more of their own currence?

The election sucks right now here in the USA trust me, but I do believe these are good signs for the R/V pricing.

BTW .......
Susie is still in Kansas with her mother
who is on the mend

LMAO ......and has the very next post

Originally Posted by kiko

Exactly. That makes two different sources backing up the same story!!

Coincedence. I THINK NOT.

might be the same dealer but one of our research group is reporting the same information from his dealer as of day before yesterday.

Originally Posted by CharmedPiper

Announcement No.(800)

D.G. of Foreign Exchange Control

The 800 daily currency auction was held in the Central Bank of Iraq day Tuesday 2006 / 11/ 7 so the results were as follows :

Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1468 -----
Auction price buying dinar / US $ 1466 -----
Amount sold at auction price (US $) 109.150.000 -----
Amount purchased at Auction price (US $) 3.000.000
Total offers for buying (US $) 109.150.000 -----
Total offers for selling (US $) 3.000.000 -----

Cash amounts sold to the bank and its customers were USD(41.650.000) at a rate of(1468+1+10=1479)IQD\USD .
The amount sold to make transfers abroad was USD (67.500.000) at a rate of (1468-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.

OMG!!! THAT IS HUGEEEEEEE!!!!!

Originally Posted by shotgunsusie

OMG!!! THAT IS HUGEEEEEEE!!!!!

largest i have seen but they were closed for 2 days ... I was talking to a well known guru yesterday on this and he said his guess was it would be high do to the shut down

SGS finally we hear from you Thank you!

Originally Posted by clintstella

I don't think it's that unusual for the same rate to be used from one day to the next.

rates might be the same but the amount was definately NOT. so it was a new auction most definately.

Originally Posted by H2O_Lover

largest i have seen but they were closed for 2 days ... I was talking to a well known guru on this and he said his guess was it would be high do to the shut down

When the CBI was closed for the ten days there was no huge increase is either the sale or purchase.

It just seems very odd.

Originally Posted by shotgunsusie

OMG!!! THAT IS HUGEEEEEEE!!!!!

OK mystery detectives we were correct in saying this was HUGE - Top General Detective SGS just confirmed our thoughts

and it's about TIME YOU SHOWED UP SGS we almost filled page after page of CBI talk

Good Morning EVERYBODY - hows your mum sgs?

Originally Posted by Cyberkhan

When the CBI was closed for the ten days there was no huge increase is either the sale or purchase.

It just seems very odd.

well your right but those may have been planned and these may not have been ... this is just an opinion/ thought mind you.