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

Sorry if already posted....

Baghdad-Life
Life back to normal in Baghdad

Baghdad, Nov 27, (VOI) – Life is back to normal in the Iraqi capital Baghdad after the curfew that was in effect as of Thursday was lifted off, an eyewitness said on Monday.
"Schools, universities and state institutions have opened their doors and traffic became active again on the street," the eyewitness told the independent news agency Voices of Iraq (VOI).
"Movement of students and employees for schools, universities and state departments was medium but some main streets were crowded," added the eyewitness.
Meanwhile, publication of newspapers was ceased for the fourth day running as a result of the curfew that continued until Sunday evening as journalists and media people were unable to reach their workplaces.

AE/

Originally Posted by PAn8tv

Just spoke to my branch and they buy for 635.90 per million, hope this helps.

http://www.chase.com/ccpmapp/individ...reign_currency

Originally Posted by wciappetta

Thanks for the info but I'm sticking with the professor @ 1.49

Me too.

Wasn't that the rumor of Shabibi and the guy that would have lunch with the State department!

Now it's 25 to 1 instead of 100 to 1, I think they bought him a good lunch.

Originally Posted by CharmedPiper

Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq

Iraq-Currency

Dollar demand up in Iraqi Cenbank daily auction
Baghdad, Nov 27,

(VOI) – Buying demand for U.S. dollars was higher in the Iraqi central bank daily auction on Monday, while the dollar rate continued its down trend dinars as the central bank moved on with the revaluation of the local currency.The Cenbank said in its daily statement the dollar demand reached $20.580 million compared to $5.330 million on Thursday.

The central bank covered all bids received from local banks which were $3.280 million in cash and $17.300 million in foreign transfers.

The exchange rate was at 1,439 dinars per dollar, two dinars down from Thursday’s session.

Last Thursday, Iraqi demand on dollars hit a new low for 2006 and the dollar rate was down three dinars amid expectations of lower demand for the U.S. currency.

Sure looks good ....are we on our way? Looks that way from the way it is worded....

Originally Posted by Adster

Same here Wardy. Imagine how many of us would offload our 'wads' at 4 cents?! I'd cash in a million, that's all to keep me going. On top of this how many of the bigger boys will jump on board at 4 cents in anticipation of a rise?!

Nah, mods, we need a bull*hit smilie/flag on here for sure.

At 4 cents I don't sell anything, I will only buying more knowing that the dinar will hit $3 by 2010.

One way or the other, we always win!

just a follow up from Fri. I received my phone call at 9:00 am to pick up my package. The package came from JP morgan/Chase on Park Ave in NYC-I received 200,000 in 25K notes. My receipt shows Sell IQD 200,000 at the rate of .00078250 Paid 156.50 USD. Pm me if you want to see receipt. Hope this helps. GO RV

Originally Posted by kiko

Me too.

Wasn't that the rumor of Shabibi and the guy that would have lunch with the State department!

Now it's 25 to 1 instead of 100 to 1, I think they bought him a good lunch.

I've always stuck with 1.48,but I won't get upset with 1.49....can't see
the 4 to 1 scenario at all.

Originally Posted by CharmedPiper

Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq

Iraq-Currency

Dollar demand up in Iraqi Cenbank daily auction
Baghdad, Nov 27,

(VOI) – Buying demand for U.S. dollars was higher in the Iraqi central bank daily auction on Monday, while the dollar rate continued its down trend dinars as the central bank moved on with the revaluation of the local currency.The Cenbank said in its daily statement the dollar demand reached $20.580 million compared to $5.330 million on Thursday.

The central bank covered all bids received from local banks which were $3.280 million in cash and $17.300 million in foreign transfers.

The exchange rate was at 1,439 dinars per dollar, two dinars down from Thursday’s session.

Last Thursday, Iraqi demand on dollars hit a new low for 2006 and the dollar rate was down three dinars amid expectations of lower demand for the U.S. currency.

Well it is the first time that I have seen that word "revaluation" in articles.

Only they have another definition of revaluation then we have, I think!!

They better bring it on quickly now, time is running out!

Originally Posted by worf

How does that tie into what Gloribee's source said about them not being able to sell large amounts of dinar from the bank and only selling enough to make change or daily operating expenses? (or something like that)

worf

those are dollars. the auction is selling dollars and thats what the country operates on or how they buy their imports. in other words the business people who require dollars have about a million dollars a day to operate on. soemthings gotta give.

Originally Posted by kiko

At 4 cents I don't sell anything, I will only buying more knowing that the dinar will hit $3 by 2010.

One way or the other, we always win!

Precisely...at .04 it only attracts large investors (the sharks and whales as Adster puts it). A r/v with a peg at that rate means your money is secure....you watch for a time and decide to let it ride or pull out.