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

Number of banks 6 -----
Auction price selling dinar / US $ 1325 -----
Auction price buying dinar / US $ 1323 -----
Amount sold at auction price (US $) 7.300.000 -----
Amount purchased at Auction price (US $) 995.000
Total offers for buying (US $) 7.300.000 -----
Total offers for selling (US $) 995.000 -----


Goooooooooooooood Morning RolClub


Wow, 13 points today. That is a nice one day drop, one more auction this week and the year should be over. I believe they will be on holiday until the 4th of Jan. after this. We are past a 10% increase in the value of the dinar since Nov 1st. Even with these significant point drops in the rate, the number of participating banks are not what they used to be. Remember, there are 26 banks authorized to participate in he auctions. Are we headed for the big reval on or near the 1st of the year? With so few banks exchanging dinars for dollars I wonder how long this piecemeal plan of the CBI's will continue? SGS PM'ed me not too long ago and said that her research team actually saw the first signs of the reval back in May. Then Michael16 did an additional study of the dinars v/s dollars daily exchange at the CBI and indicated the amount of dinars pulled from circulation could actually be closer to 5 trillion. The numbers I have are from October '06 to present. Sooner or later the CBI will have extracted all the dinars they can without hampering the economy. On top of this, Safe Dinar went from having all denoms for sale to no currency at all in just one day. Did a big investor come in and buy all they had at one time? So many things are happening, I'm going to go to Chase today to see if their position has changed since the last time we purchased, I'll fill you in when I have the news.



1. The dinar to the dollar is down 13 more points today from 1338 to 1325

2. A $6,305,000 (net) worth of dinars, (IQD - 8,354,125,000) out of circulation

3. 6 banks participating.

4. 53rd auction since the beginning of CBI's reval plan

5. 88 days into the CBI's reval plan.

6. 2,866,765,152,000 dinars pulled from circulation !!

7. 1,263,476,907 Dinars back into circulation today !!

8. 152 dinar change since Nov 1st (baseline was 1477) 10.291% increase in value of the dinar since beginning of reval plan.

9. 35 point reduction in the rate so far this week. Was at 1360 at the end of last week, 1325 this week.

10. 110 point drop so far in the month of Dec. Ended at 1435 in Nov, now stands at 1325

Originally Posted by Dinar Cha Ching

Let's go Socata, chop, chop!

I'm trying, it takes me a little while to get my thoughts together and keep everything in perspective. Along with the drop in points I think one of the main issues is the number of banks participating. This has been key since the CBI started this plan. The CBI keeps squeezing the system, and on average, fewer banks are participating from week to week. Remember, not too long ago, the CBI had an auction and no one showed up. To me that was a big sign of the transition that has happened in the willingness of the banks to part with their dinars, and they do so only when they absolutely have to. The mental shift of preferring dinars to dollars has occured within the banking community.

Originally Posted by Socata 850

I'm trying, it takes me a little while to get my thoughts together and keep everything in perspective. Along with the drop in points I think one of the main issues is the number of banks participating. This has been key since the CBI started this plan. The CBI keeps squeezing the system, and on average, fewer banks are participating from week to week. Remember, not too long ago, the CBI had an auction and no one showed up. To me that was a big sign of the transition that has happened in the willingness of the banks to part with their dinars, and they do so only when they absolutely have to. The mental shift of preferring dinars to dollars has occured within the banking community.

I meant it in a fun way. Sorry if it was misunderstood I appreciate all your hard work.

Originally Posted by Socata 850

I'm trying, it takes me a little while to get my thoughts together and keep everything in perspective. Along with the drop in points I think one of the main issues is the number of banks participating. This has been key since the CBI started this plan. The CBI keeps squeezing the system, and on average, fewer banks are participating from week to week. Remember, not too long ago, the CBI had an auction and no one showed up. To me that was a big sign of the transition that has happened in the willingness of the banks to part with their dinars, and they do so only when they absolutely have to. The mental shift of preferring dinars to dollars has occured within the banking community.

You're pushing to hard, You're pushing to hard on meeeee.
For you over 45 you will remember the song.Nice job 850.

Wow--this is GREAT!!! I've been feeling very detatched from this whole thing...interested but not excited, you know? My sweet husband's been picking up the slack, planning our retirement for this summer... Ahem...I do believe I found my excitement--it was on the other side of 10%!!! I have to say that slow and steady beats the heck out of a balistic rumor that fizzles out at the end...

NOW DANCE YOU BANANAS DANCE!!!

From Wm. Knowles posted Dec. 4, 06
http://www.rolclub.com/iraqi-dinar-d...tml#post144518

Originally Posted by Wm. Knowles

I have reposted what I wrote yesterday. I think these comments apply today, and could give us an idea of what to expect over the next couple of days. Its all good for us. I noticed that the rise in dinar is getting attention in Saudi Arabia and elsewhere. Once I was told by an asute financial type that when the dinar rises 10%, there will be a world-wide feeding frenzy on the currency. I have always thought that he was right. A rise in value of a currency gives the people great feelings of confidence. This is harder to measure but just as important overall. So people will save and hesitate to get rid of their money, especialy when they think it will be more valuable. As I have said, we are still seeing a reduced supply along with an increasing demand. A classic situation for a rise in price..

10.291% Let the feeding frenzy begin!

Originally Posted by Socata 850

Number of banks 6 -----
Auction price selling dinar / US $ 1325 -----
Auction price buying dinar / US $ 1323 -----
Amount sold at auction price (US $) 7.300.000 -----
Amount purchased at Auction price (US $) 995.000
Total offers for buying (US $) 7.300.000 -----
Total offers for selling (US $) 995.000 -----


Goooooooooooooood Morning RolClub


Wow, 13 points today. That is a nice one day drop, one more auction this week and the year should be over. I believe they will be on holiday until the 4th of Jan. after this. We are past a 10% increase in the value of the dinar since Nov 1st. Even with these significant point drops in the rate, the number of participating banks are not what they used to be. Remember, there are 26 banks authorized to participate in he auctions. Are we headed for the big reval on or near the 1st of the year? With so few banks exchanging dinars for dollars I wonder how long this piecemeal plan of the CBI's will continue? SGS PM'ed me not too long ago and said that her research team actually saw the first signs of the reval back in May. Then Michael16 did an additional study of the dinars v/s dollars daily exchange at the CBI and indicated the amount of dinars pulled from circulation could actually be closer to 5 trillion. The numbers I have are from October '06 to present. Sooner or later the CBI will have extracted all the dinars they can without hampering the economy. On top of this, Safe Dinar went from having all denoms for sale to no currency at all in just one day. Did a big investor come in and buy all they had at one time? So many things are happening, I'm going to go to Chase today to see if their position has changed since the last time we purchased, I'll fill you in when I have the news.



1. The dinar to the dollar is down 13 more points today from 1338 to 1325

2. A $6,305,000 (net) worth of dinars, (IQD - 8,354,125,000) out of circulation

3. 6 banks participating.

4. 53rd auction since the beginning of CBI's reval plan

5. 88 days into the CBI's reval plan.

6. 2,866,765,152,000 dinars pulled from circulation !!

7. 1,263,476,907 Dinars back into circulation today !!

8. 152 dinar change since Nov 1st (baseline was 1477) 10.291% increase in value of the dinar since beginning of reval plan.

9. 35 point reduction in the rate so far this week. Was at 1360 at the end of last week, 1325 this week.

10. 110 point drop so far in the month of Dec. Ended at 1435 in Nov, now stands at 1325

If this doesn't deserve a woot I don't know what does.

Woot to you all.

Originally Posted by Dinar Cha Ching

I believe he was too. He did a good job under very tough circumstances and his wife has helped many people out of the prison of addiction.

Celebrity deaths usually come in 3s:

1. James Brown
2. Gerald Ford
3. ?

Could #3 be Saddam?

We can only hope so.

With regard to Gerald Ford, he was the right man at the time, and I believe our country needs more men like him. He will be missed.

Originally Posted by maxib

Seems to me Neno has had a reaaaaaaaalllly good Christmas or SGS is sharing with him. He seems to be relaxing the rules and rolling around everywhere laughing. Hey Neno - you know something we don't?? Great to see you having some fun and not having to keep pulling us into line.

And if we hit the 1318 before the Holiday, then I might do know something. That will be 3 for 3. Rules will Stay alittle relaxed aslong as it doesnt get out of hand AGAIN. BTW a Public saying to you. Thank You. Off to the Day Job.

Originally Posted by dorrel

My version of what this might be about.

Lets say they start with the 1465 rate less 13% equals 1274, and with the remaining time at 10 pips a day you are right on the mark.

The percentage refered to (13%) is what we have been wittnessing since the first of Nov. The CBI is on schedual to what this release is telling us. We get to this point then the RV 75% of real rate.
What say you........

So let me see if I follow your logic. It moves up to 1274 before year's end, r/vs to 75% of real rate around Jan 1 2007, then appreciates up 13% from there in early 2007? (13% of 1.20 = 1.356). Is this what you are saying. Sounds good to me even if that is not what you are saying.

worf