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

Originally Posted by eric69

Ihave had probs.with this to. OSW helped me with it about 1 year ago . thay are a iraq bank so thay sell denar. up until now the rate thay have set it at is so people wood want to buy it . now in this last week thay have changed the rate so people will want to sell .butt not so high so as to cost the bank a lot of$$ anyway

thats how i see it

Not sure if you are saying the CBI is selling dollars or not but I hope this will put this to rest, again. The CBI sells dollars.

Letter to the Editor: Mumbo-Jumbo Served with Dinar in Iraq

UKB - Al-Masaref Magazine >> Report
"dollar purchases from the government net of auction sales of dollars to the market"

Translated version of http://www.aswataliraq.info/modules.php?op=modload&name=News&file=article&sid= 30277&mode=thread&order=0&thold=0
"The demand for dollar at the Iraqi Central Bank daily auction"
"The highest demand for dollar was attributed to the five day recess of the Iraqi Central Bank daily auction due to the curfew imposed on Baghdad."

CAN WE PLEASE PUT THIS TO REST NOW?

Originally Posted by CharmedPiper

CBI witnesses the highest circulation & exchange rate of the dollar

The auction of the Iraqi Central Bank witnessed yesterday, Tuesday, the highest demand on purchasing the dollar during the current year as well as the higher exchange rate for the dollar for over a year.

Also, several banks sold dollars to the Bank where the demand for purchase registered $109 million and 150 thousand, compared with 70 million during the previous session.

The demand registered yesterday was the highest during the current year and the bank fully covered it with the minimum exchange rate for the current year, recording 1468 dinars against 1470 dinars in the previous session: 41 million and 650 thousand dollars in cash and 67 million and 500 thousand dollars in the form of remittances to outside the country.

In return, Banks submitted bids to sell the dollar, hit three million dollars, at an exchange rate of 1466 dinars all bought by the Bank.

The economic expert, Abdul Razzaq Al-Abayachi, said that several factors helped to raise demand for the dollar; the most important of which are the suspension of the auction for more than five days because of the curfew and the holiday on Friday and Saturday, as well as the high volume of remittances after sentencing the former President, Saddam Hussein, to death due to peoples fear of deteriorating the security situation.

I don't buy into their explanation here, about the rise in the dinar, ok they say they were closed for more than 5 days according to this,
(1) they were closed friday & saturday (normal closing days)
(2)they only lost 2 days sunday & monday
(3) they are saying closed for more than 5 days (false statement)
NOTE: Since they are saying this is the most important reason
then why didn't it rise like this when they were closed for 10 days last month???? JMO

if CBI IS SELLING USD THIN THAT MEANS THAY ARE BUYING IQD. SO ASK YOUR SELF . IF THAY SET THE RATE SO PEOPLE WILL SELL THE IQD TO THEM/WAT DO THAY WANT/ SAY RITE BEFORE A R/V

Originally Posted by eric69

if CBI IS SELLING USD THIN THAT MEANS THAY ARE BUYING IQD. SO ASK YOUR SELF . IF THAY SET THE RATE SO PEOPLE WILL SELL THE IQD TO THEM/WAT DO THAY WANT/ SAY RITE BEFORE A R/V

Exactly, pull dinar out of circulation so the CBI has less "revalued" dinar to backstop.

Originally Posted by day dreamer

I don't buy into their explanation here, about the rise in the dinar, ok they say they were closed for more than 5 days according to this,
(1) they were closed friday & saturday (normal closing days)
(2)they only lost 2 days sunday & monday
(3) they are saying closed for more than 5 days (false statement)
NOTE: Since they are saying this is the most important reason
then why didn't it rise like this when they were closed for 10 days last month???? JMO

I feel a great big reval about to happen. Someone posted earlier that they were stocking up on dollars because as we trade dinars in for dollars some will trade dinars for dollars there....to hold as foreign currency. It seemed to make sense....I will look for the post and post a followup. At this point I think we all just want them to reval and at this point I don't really care what their logic is.

Originally Posted by ordinaryseawoman

The Central Bank witnesses the highest circulation and exchange rate of the dollar in 2006
The Central Bank witnesses the highest circulation and exchange rate of the dollar in 2006
08/11/2006
Source: Prepared by IRAQdirectory.com


The auction of the Iraqi Central Bank witnessed yesterday, Tuesday, the highest demand on purchasing the dollar during the current year as well as the higher exchange rate for the dollar for over a year. Also, several banks sold dollars to the Bank where the demand for purchase registered $109 million and 150 thousand, compared with 70 million during the previous session

http://www.iraqdirectory.com/DisplayNews.aspx?id=2519

So yes, they are buying dollars with dinars. I believe the circulation the headline mentions is dinar, the highest amount of dinar in circulation. I would like to see the reverse right before an rv...reduce the number of dinar in circulation...at this point, I'm just watching and waiting....by the way, what's up with the stipends? someone said moday the 7th, and now it's pushed back to sunday the 12th? no surprise--just wondering what's the latest word.

Thanks, OSWoman

Thank You!
OSWoman

10k handed out Sunday the 12th WoooooooooWeeeeeeee!

This old Arkie is gettin the feelin that we will see an annoucement
late Friday night or very early Saturday morning. When all the world
banks are closed.



Arkie.

Originally Posted by Arkie

Thank You!
OSWoman

10k handed out Sunday the 12th WoooooooooWeeeeeeee!

This old Arkie is gettin the feelin that we will see an annoucement
late Friday night or very early Saturday morning. When all the world
banks are closed.



Arkie.

I hope your right Arkie....hopefully they will reval tomorrow 11/9. I'm so tired of saying tomorrow....yet tomorrow is a new day....and that is what I'm shooting for....then Sunday when they open for business in Iraq and hand out the 10K it will have been in effect for 2 or 3 days already. I know wishful thinking but it sounds good to me so I will go with it.....here's a big wooot for tomorrow.....!!!

Hopefully the democrats will listen to the Iraqi's and think before they leap...obviously the Iraqi's were concerned about our elections....the last thing they need is more fear especially of being abandoned....they have come so far and sacrificed so much as have all involved.

The division between fear and hope Iraqis own

(Voice of Iraq) - 09-11-2006
This issue was sent to a friend

After the defeat of Bush in the elections

A Baghdad. P. B : varied reactions of the Iraqi street yesterday about the results of the American elections so that some expressed concern that the Democrats win result for American withdrawal, Others felt that American policy does not change. He said Qais Aboahmed, 45 years, the Sunni Arabs, he would have preferred that the Republicans are in power because of the weakness of Iraqi military forces and the inability to maintain security and order.

The «if the withdrawal of American army from Iraq in the event of victory of the Democrats, who are demanding that this will lead to catastrophe in Iraq result of the massacres the next day and devastating civil war, at the very least», He went on to say that the «survival of the American flag in Iraq, even if only symbolic will provide protection for the security of Iraq from neighboring countries in this period that continues to be weak Iraqi security forces». The Democrats immediately rushed to win in the elections of the mid-American legislative mandate to claim the administration of President George W. Bush to change his policy in Iraq. Based many Democrats in their electoral campaigns on their opposition to the U.S. presence in Iraq and demanded the withdrawal.

For his part, Uday Mohammed, 35 years old, an officer in the Iraqi police captain, «The people want safety and wants the American presence at this stage», The officer, Sunni «if the Democrats dominated in the American policy, They will work to withdraw the army from Iraq and this is not in the interest of all Iraqis, Sunnis in particular ».

On the other hand, Some Iraqis, especially Shiites that the results of the American elections have given hope early withdrawal from Iraq. He said Ismail Khalil, an employee Shiite who works at the Ministry of Health «want the withdrawal of American army so that we can sit together and solve our problems among ourselves to control the security», He believed that «Khalil Democrats used the paper to withdraw from Iraq to win these elections. So this means that the majority supports the demand of the withdrawal and this is also important for us, Iraqis want to manage their own affairs ».

He said Yasser Ghazi, 27 years. an employee in a private company «Republicans consider failures could not understand the successful completion of the plans and the development of the country and committed many mistakes led to the problems and conflicts of the many risks». Ghazi added a Shiite father and mother Sonia «Democrats had hoped to win, we can not give an opportunity once again to be allowed to slip away they have not achieved anything in the country, but not from the security aspect, or service orientation». He said Anwar Amer It works in the repair watches that «America has its own above all, and before any one», He added, «the end of their country's interests above all, which is the first and I do not think that the interests of Iraq, the task for them».

Middle East

rit.ie now CBI is in control of rate. when it R/VS the rate will be set by staticts and thin suply and demand .on the 13th. the clering house sistem will start up. i dont see anything happining befor then

hi rol club gang,
i went to the bank yesterday and ordered more dinar and have received it today. UMB is still selling. i don't know if they are just selling what they have or if they're able to get more when this runs out!

i have a question, did the iraqi gov. say they were handing out the 10k on the 12th or is this just speculation again?

don't take this wrong but are most of us here, are we novice at this or are there some well trained investors among us? i'm so green at this i depend on my friends here to lead the way. i'm in this for the long haul, and i know by reading on this form some of you have been waiting a long time for this.

i probably won't have a lot to offer but what i do have i will share with you all. LET'S GO R/V!!!!!!!!!!!!!!