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19-11-2006, 12:08 PM #25171
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Last edited by PAn8tv; 19-11-2006 at 12:08 PM. Reason: spelling
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19-11-2006, 12:23 PM #25172
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i think so everytime when i see a phonenumber in a post here - or somewhere else.
NEVER post a phonenumber in a forum!
it's horrible fore the person who have to take the phone. what would u think if u see your number in internet??? even if it's at workplace.
and it's very impolite to the person who post some news and nobody believe them. why so many people need to ask the same question again and again?
if someone realy need to ask the same then he should call to the own next branch.
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19-11-2006, 12:23 PM #25173
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19-11-2006, 12:32 PM #25174
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Thanks for your explanation Wm. knowles.
Can we conclude that we are in the period of drying up because of the low amounts removed the last2 or 3 auctions?
I assume that when the drying up period is there they are in their final stage of removing money from circulation. If this is the case then the RV will be very close.
Correct me if I am wrong in this!
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19-11-2006, 12:37 PM #25175
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This is just a thought. If, as Wm Knowles has said, the CBI would want to buy as much as possible as cheap as possible. Then why would the exchange rate go down 2 with only 31,495,000 when it went down 2 on Nov. 7th with almost four times this amount: $109,105,000.00, 1470 to 1468. Then on Nov. 8th it went down 2 again with 3 times today's amount $97,010,000.00 1468 to 1466. Nov. 9th it went down only one with more than twice today's amount: 1466 to 1465 with $70,180,000.00..
On Nov. 12th & 13th there was no change in the rate even though the dollar difference between the two days is significant: $24,880,00.00 and $110,265,000.00 respectively. On Nov. 14 & 15th we saw consecutive drops of 5 in the $60 million range.
In terms of percentages the value increased more on the lower auction amounts than they did on the higher auction amounts. If WM's theory is correct, then more money coming out of circulation should actually cause the value to go up more than less currency coming out of circulation. But the opposite seems to be happening.
Could it be that the CBI is just setting the rate at what it wants when it wants? ? If so, that means they could RV it at whatever rate they choose when they want.Last edited by Dinar Cha Ching; 19-11-2006 at 12:41 PM.
Please, somebody shoot the messenger!
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19-11-2006, 12:51 PM #25176
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Yes I believe you are on the right track. The "tail end" of this process SHOULD be smaller numbers and fewer banks. We might need a couple additional auctions to confirm this. But it remains a very positive thing for us, that the more they take out the less supply there is in the economy. With the increased demand (expansion of business) and reduction in supply, we are just where we want to be. Thank you.
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19-11-2006, 12:58 PM #25177
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19-11-2006, 01:00 PM #25178
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Hi all
Trade Bank of Iraq (TBI) has updated updated rates. Their rates are far away the same as CBI.
Todays CBI rate=Selling price IQD 1454.000 Buying price IQD 1453.273
Todays TBI rate=Selling price IQD 1,385.80 Buying price IQD 1,510.50
I do not know what to make of it. TBI have in used to show approx. the same rate as CBI.
How come they are not any more?
Could Wm.Knowles or somebody tell what this could mean?
Thank you.R/V by end of Jan -07??
Take care.
owejac
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19-11-2006, 01:19 PM #25179
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This news mean then that Iraq is NOT ready to fully control oil revenue. Deposits will continue in New York......and not the Central Bank of Iraq.
They may review this decision by June............
UNSC set to extend MNF force next week until Dec 2007
POL-UN-COUNCIL-IRAQ
UNSC set to extend MNF force next week until Dec 2007
UNITED NATIONS, Nov 17 (KUNA) -- The UN Security Council is scheduled to extend the mandate of the Multinational Force (MNF) in Iraq next week until December 31st, 2007 and that in response to a request by Iraqi prime Minister Nouri Al-Maliki.
According to a draft resolution circulated among council members, the council would review the MNF mandate no later than June 2007 and declare that it will terminate its mandate earlier if the government wishes to.
The council would also extend until December 2007 the arrangements to deposit the proceeds from oil and natural gas export sales into the Development Fund for Iraq and the arrangements for the monitoring of the Fund by the International Advisory and Monitoring Board (IAMB).
These two kinds of arrangements would also be reviewed, at the Iraqi government's request, no later than June 2007.
The council would also ask the US to continue to report to the council, on behalf of the MNF, on the efforts and progress of this force on a quarterly basis. (more) sj.
Kuna site|Story page|UNSC set to extend MNF force next week until Dec 2...11/17/2006
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19-11-2006, 01:24 PM #25180
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Syrian foreign minister to talk to Iraqi leaders
BAGHDAD, Nov 19 (Reuters) - Syria's foreign minister was due to fly to Baghdad on Sunday for talks likely to focus on Iraqi and U.S. complaints that it is doing too little to prevent Islamist fighters from crossing its border into Iraq.
Iraqi Foreign Ministry officials confirmed the visit by minister Walid al-Moualem.
It will be the first time a Syrian minister has visited Iraq since the U.S.-led invasion in 2003 and comes amid increased talk of diplomatic efforts to involve both Syria and Iran in finding a solution to the crisis in Iraq.
It is a rare visit by an Arab minister, since many Arab governments have been wary of Prime Minister Nuri al-Maliki's Shi'ite-led administration's close ties to Washington and to non-Arab, Shi'ite Iran.
Iraqi Foreign Minister Hoshiyar Zebari told Reuters in October the visit by Moualem would be an "acid test" of neighbouring Sunni Arabs' states willingness to help Iraq's Shi'ite-led national unity government stabilise the country.
The New York Times said on Saturday that Moualem had met former U.S. Secretary of State James Baker, co-chairman of the bipartisan Iraq Study Group examining strategic options in Iraq.
http://today.reuters.com/news/Crises...ryId=COL935689
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