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

Originally Posted by Inscrutable

Maybe they have finally tightened up what leaves Iraq so they are not worried about further speculation, plus the fact that they are absorbing many dinars through the auctions.
Could be that what is being bought up here from the banks is circle jerk money where sellers are scared and getting out and others are buying in, nothing really leaving Iraq anymore just the circulation of whats already out.

On the 1:1 scenario I would think that even at $2.50 to 1 ID big investors would still buy in because there is still a large band of return. We may even be in for a big surprise and see a revaluation upward to $3.00

didnt they say they wanted to return it to the previous rate??? .31ID was that previous rate, BOB is there to remind us, lol.

Originally Posted by shotgunsusie

no, the equation .31ID to the dollar does indeed indicate $3.22. it means that approx. 1/3 of the dinar is worth a dollar in essence. with the output of oil they are getting and expecting it is INDEED possible for iraq to revalue at this rate.

Absolutely correct

Originally Posted by shotgunsusie

no, the equation .31ID to the dollar does indeed indicate $3.22. it means that approx. 1/3 of the dinar is worth a dollar in essence. with the output of oil they are getting and expecting it is INDEED possible for iraq to revalue at this rate.

You are right, but not with this much dinar in circulation. They are fixing that it looks like!

Originally Posted by lazyasL

Hey Y’all, I’um just a kountry boy at aint got much learnin’, but I do have sum smarts about me cuz I did gradjeate when I was 21 from the 6 grade, so I aint completely dumb, but I’um getting cornfused an I’um havin’ a hard time followin’ sum of ya……..sum ah y’all say they’s sellin’ dollars and sum ah ya say they’s sellin’ dinar……..now when I go to da CBI site its sez in black n white, “auction price sellin’ dinar / US $....1460”, balow ther its sez agin in black n white, “auction price buyin’ dinar / US $....------“, aint no dang numbers in nare…….so whu’s a buyin’ an whu’s a sellin’……pleeze anser this so’s I kin understand…….pretend like ya wuz tellin’ my dog so’s he kin tell me later……I’ll be able to understand at way……thanx fur yur help…..

Lazy

I had sum fun readin your post. "I gotts to know too."( Clint Eastwood movie Quote) Yur not from the valley of three forks are you? Seargent your area of the state of Tenn.


Fistfull of dollars

Does anyone have any ideas as to why 16 high ranking officials to the CBI are goig to Bahrain for a 5 day training seminar? I really don't think they are going there to learn about sexual harrassment prevention. Do you think it might be to learn how to handle an RV?

Originally Posted by hightide3016

Does anyone have any ideas as to why 16 high ranking officials to the CBI are goig to Bahrain for a 5 day training seminar? I really don't think they are going there to learn about sexual harrassment prevention. Do you think it might be to learn how to handle an RV?

It was mentioned in the last day or so that it was for some kind of advanced banking training.

Originally Posted by Fistfullofdolla

I had sum fun readin your post. "I gotts to know too."( Clint Eastwood movie Quote) Yur not from the valley of three forks are you? Seargent your area of the state of Tenn.


Fistfull of dollars

bornt a poar ber foot ridge runner frum West (by God) Virginia, springfield area......were both city limits signs is on tha same stick.......just outside of Romney....

Here is something from iif:
Rates

IQD = 1348:1 USD

Sorry didn't get it all:
IQD rate of 1348 at National Bank of Kuwait
Rates

Originally Posted by mrvgs

Sorry didn't get it all:
IQD rate of 1348 at National Bank of Kuwait
Rates

Has anyone seen this before? Has it always been that rate?