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

Originally Posted by Caroline

I think too much is being made of whether or not Bank of America is selling dinars. Do we really know that they have a set corporate policy that they won't deal in dinars until they are on forex? Or was that just an unsubstantiated rumor? Anyway, given the variety of response people have received today, who could ever really know what their policy is?

Personally, I think the analysis of the auctions that we have been treated to by Wm. Knowles is far more important than whether or not Bank of America is selling dinars now to individuals. His information is plenty enough to keep me excited!


Caroline

I second your comments Caroline and would like to add or sujest we think outside of the box for just a minute on this subject of BoA sales.

We know the group refered to as "other interested parties" right from the onset of this new curriency has had very close contact and input with the Iraqi Government. To put it short, BoA was partner with JPMorgan as a part of the "interested parties" in 2004. I submit that their actions of "no sales" today reflect a greater understanding of what is going on with the CBI and Iraqi gov.

Logic tells me that just possibly BoA is not selling today because they see a far greater value in the IQD very soon. Therefor, why give up the inventory for peanuts when its worth millions.

Originally Posted by mike brown

Can someone post a link where it says that BofA will only buy and sell dinar to civilians when it is an international traded currency, otherwise can we put this to rest. So that if it is true that BofA is buying and selling, that they are just another place to buy and sell, and not make this such a big deal in the R/V proccess, there are hundreds of posts on this subject that say the same thing over and over..

There is no Link. I was personally told this by my branch last year when I tried to ask about buying dinar from them, as well as many other people. And BOA is not selling dinar at this time! My guess is that it is not yet internationally traded yet. When it is they will sell it. The reason the rumor was such a big deal was because of this fact that BOA would not sell to the public until it was internationally traded.

Originally Posted by Inscrutable

This paragraph always excites me, ya know, the fake rate of 0.310 ID

I would to inform all the stockholders of Baghdad Bank that the report of the managing council 2004 was prepared according to the demands of Central Bank of Iraq to balance US dollar price to 0.310 ID instead of its real value (1460) ID per 1 US dollar, so, the report and general budget do not necessarily reflect the actual situation of Baghdad Bank and the volume of economical incoming indexes, so, this report was issued in order to meet the demands of the rules and instructions.

New Page 1

That's 1/3 dinar to a dollar or over a $3 USD rate.

Susie, Wanna play hangman? W_ _ _ !

HMMM, WHATEVER COULD YOU BE GETTING AT THERE?????
LMDAO!!!!

UMM, O - O - T ???

Originally Posted by DayDream

js...Ever since the article talking about returning the dinar to the Yazzman rate, I've done alot of research on it. During Saddams rule the "bigheads" on the street basically controlled what the exchange would be, the "black market" rate. When the CBI took over with the bank auctions, the "bigheads" said that they would NOT acknowledge any rate the banks came up with. In the article it seems that they believe thats the best way to go, since the men on the street are the ones who are REALLY controlling the going rate of the dinar. The last known "black market" rate PRIOR to the CBI auctions that I could find was in late 1989, the official exchange rate was 0.31 dinar for US$1. The black market rate was reported as being five to six times (1.86 dinars for US$1) higher than the official rate. Hence my signature of $1.86. I may be wrong but I still feel they will base it on (return to) the "black market" rate...whatever that may be. As I said the 1.86 is the last rate I could find, it could be different...but I feel strongly it will be HIGH. Only time will tell.

Just one link that explains more about the "bigheads"

:: The Independent Voice of Iraq :: IRAQ TODAY ::


Cheers!
DayDream

We talked about this a couple weeks ago. At the time the only price mentioned for the Yazzman rate was $3.67, just wandering how old is the 1.86 as compared to the 3.67?

Britain Calls on Iran and Syria to Get Involved with Iraq
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13/11/2006 (More on the article at the site above!)

The food is seen on the table at a restaurant at the site of a car bomb explosion in Baghdad on Sunday (EPA)

BRUSSELS(AFP) -British Defence Secretary Des Browne has called on Iran and Syria to accept their responsibilities in the region and engage with the new Iraqi government.

Browne, talking ahead of a meeting of the 25 EU defence ministers, offered his condolences to the families and colleagues of four British troops killed in an attack in Basra City, southern Iraq.

"Consistently we have said Iran and Syria must face their responsibilities," Browne said in Brussels Monday.

"Iraq must be seen in the context of the region. We have been calling on Iran and Syria to engage with the new Iraqi gvernment and accept their responsibility for peace," he added.

asking Iran and Syria for help is like asking ted bundy for tips on finding
serial killers.
Is --Dec 11/12 the lastest educated guess.
B of A might be phasing in sell/(buying ?) dinar at different areas, regions.

Originally Posted by Nomrah I

Great action today - very exciting stuff. The 'stockpiling' of dollars at CBi auctions as well as the two statements out of Iraq by CBI officials today are extremely encouraging. However, the BofA thing is not conclusive. BofA could have simply changed their minds about their policy- and we don't have any real evidence that not selling until it was an internationally tradeable currency WAS the policy. It's good news that more banks are onboard - but I don't believe it points to a rv necessarily. I have a question for wm knowles if he is around - Why do you think at the CBI auction on Sunday that the amount of dollars purchased was so low? I know the trend is substatially up in the last 6-7 days - but how does Sunday's auction fit into the theory? Your comments and expertise are appreciated.

Were there two different articles released by CBI today....or two articles regarding the same statement? Thanx

Originally Posted by bigred52

asking Iran and Syria for help is like asking ted bundy for tips on finding serial killers.

Yes, but if they agree to help they would be an asset. However, they might just double-cross you too... it's like a high-stakes game of poker.

Originally Posted by webinvestor

anyhow.... on with the good news...

Yea, please take the pie throwing using PM or on some other site!
And post some good news please
Thanks

Would someone direct me to the second statement by the CBI, I know about the one on the 13th November but cant find details on the second one, I can't keep up sorry...