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

This is food for thought the investment law will not be signed until the dinar goes up in value so outsiders can not buy up Iraq pennys on the dollar. Could this be why they are moving on the reval now. They just lost a 100 billion dollar oil contract of China to Iran.

I don't know if anyone here ever followed "investindinars" posts over on iif, but he is very knowledgable with degrees in economics. His thoughts were r/v at .30 MINIMUM. The .04 is NOT gonna cut it! I for one refuse to turn loose of one single dinar for less than .60 and then it will only be a million, I'll be sitting on the rest till it reaches a level I'm comfortable with. HEAR THAT SHALIBI?!?! You gotta do alot better than that to get this spectator OUT!

Cheers!
DayDream

Originally Posted by Adster

The dinar is being exchanged now with certain banks. Once they kick start it, which IMO will be very soon, (within the month,) then more banks will be dealing with the dinar.

My bank at the moment wil pay out at whatever the rate is for that particular day. So say tomorrow, the CBI auction tells us the rate is say .30 then that is the official rate. Your banks will pay at that rate.

The fil, oil law, IC are what I believe we're waiting on. They're just limiting the damage by taking out excess dinars, letting the world know with articles discussing a reval and showing by strengthening the rate they are currently doing something.

Okay, Adster, but how is this different from what Bank of America says they're waiting on? BofA is quoted as saying they will exchange when it is "on the world market." Yet certain banks are already trading.

I'm trying to understand BofA's position, since it looks like I will be using them to exchange my dinar.

Whoever can clear this up for me, or try to, lol, will be appreciated!


Caroline

Originally Posted by DayDream

27 November 2006 (Al-Adala)

The Iraqi dinar (ID) kept the same exchange price of last Thursday of 1465 ID per one U.S. dollar in the first auction of this week.

The Central Bank of Iraq's (CBI) sales of U.S. dollars decreased to reach 24,880,000 whereas they totaled $70,180,000 last Thursday.

Only 10 banks participated in the Sunday auction whereas 14 banks participated in last Thursday's auction.

Iraqi dinar exchange price stable in CBI auction | Iraq Updates

Does anyone know whats wrong with this picture? Give up?
THERE WAS NO SUNDAY AUCTION ACCORDING TO THE CBI!!! (or was there? )

Cheers!
DayDream

There was a curfew - no one allowed out on Sunday.

Originally Posted by Caroline

Okay, Adster, but how is this different from what Bank of America says they're waiting on? BofA is quoted as saying they will exchange when it is "on the world market." Yet certain banks are already trading.

I'm trying to understand BofA's position, since it looks like I will be using them to exchange my dinar.

Whoever can clear this up for me, or try to, lol, will be appreciated!


Caroline

They mean trading on the Forex. I would imagine once it has a decent value it will be trading on the international markets.

Originally Posted by DayDream

I don't know if anyone here ever followed "investindinars" posts over on iif, but he is very knowledgable with degrees in economics. His thoughts were r/v at .30 MINIMUM. The .04 is NOT gonna cut it! I for one refuse to turn loose of one single dinar for less than .60 and then it will only be a million, I'll be sitting on the rest till it reaches a level I'm comfortable with. HEAR THAT SHALIBI?!?! You gotta do alot better than that to get this spectator OUT!

Cheers!
DayDream

I agree bout the initial rate. The one touting the 4 cents is Dr Cashflow, aka happily married on IIF. Don't know too much bout him myself but some on IDI have said he's 'credible'.......

Bring back the Franc and peg it to that!

My favorite Adster post of the day
.....from the other forum.

Originally Posted by DayDream

I don't know if anyone here ever followed "investindinars" posts over on iif, but he is very knowledgable with degrees in economics. His thoughts were r/v at .30 MINIMUM. The .04 is NOT gonna cut it! I for one refuse to turn loose of one single dinar for less than .60 and then it will only be a million, I'll be sitting on the rest till it reaches a level I'm comfortable with. HEAR THAT SHALIBI?!?! You gotta do alot better than that to get this spectator OUT!

Cheers!
DayDream

Fack me, he holds 200 million plus dinars! Good lad!! Would explain his 2-4 year timescale, you must have wrong person DD, saw no .30 reval in his recent posts.....

Originally Posted by DayDream

I don't know if anyone here ever followed "investindinars" posts over on iif, but he is very knowledgable with degrees in economics. His thoughts were r/v at .30 MINIMUM. The .04 is NOT gonna cut it! I for one refuse to turn loose of one single dinar for less than .60 and then it will only be a million, I'll be sitting on the rest till it reaches a level I'm comfortable with. HEAR THAT SHALIBI?!?! You gotta do alot better than that to get this spectator OUT!

Cheers!
DayDream

Did he say when he thought it would happen?

Originally Posted by panhead

Bring back the Franc and peg it to that!

My favorite Adster post of the day
.....from the other forum.

LOL, gotta love the French, NOT. Those hairy armpits and taches, and then there's their blokes!!!