Thread: Go crazy in here!!!

Originally Posted by motomachi

Kurds warn White House not to adopt Baker-Hamilton report

Iraq's President, Jalal Talabani, also a Kurd, expressed support for the statement by the Kurdish regional president and branded the report's recommendations as "dangerous". [/SIZE]

The ISG's 96-page report advises Bush to launch a New Diplomatic Offensive and engage Iraq's neighboring countries, including Iran and Syria and Turkey, to help the U.S. resolve Iraq's tense situation.

"Politically, Iran and Syria scored a victory over the U.S., and the report's recommendation to negotiate with them is an undeniable proof for that," Kamal Saadi, Head of Law Department in Arbil's Salahaddin University told the Globe.

"It is these neighboring countries that do not let Iraq administer itself. They disrupt the country's security and political situation and help terrorists infiltrate into Iraq and are settling their old scores with America on Iraq's soil."

Kurds fear the neighboring countries' involvement in Iraqi affairs will negatively affect their position in the country.

Too bad the US politicians don't see things as clearly as the Kurds! Thanks for the post motomachi

Originally Posted by adm

Only 282,200,000 Dinars back into circulation today...where did this figure come from?

Al

Socotas amount is a TOTAL not the amount for the day....

Originally Posted by rvalreadydang

"farticle"?

I stumped susie on this one, lol here's why i quoted it " all families have f article feeds " lol just so you all don't think i'm losing my mind

Originally Posted by Socata 850

Number of banks 15 -----
Auction price selling dinar / US $ 1411 -----
Auction price buying dinar / US $ 1409 -----
Amount sold at auction price (US $) 60.250.000 -----
Amount purchased at Auction price (US $) 200.000
Total offers for buying (US $) 60.250.000 -----
Total offers for selling (US $) 200.000

Goooooooooooooood Morning RolClub !!


I was thinking about the CBI's current reval plan and It bothered me that there is no exchange history posted on the CBI website for the month of October. I thought I wonder if this plan to remove dinars from circulation and to limit their liability has been going on for longer than we thought. I started to review all the posts in the history thread and I had to go all the way back to page 1017 which corresponds to Oct 1st. From there I was able to review every auction in October, and guess what. The CBI has been extracting dinars out of the economy alot faster than we thought. Duing the month of October the CBI recovered 1,428,874,130,000 from circulation. The amazing part is that not 1 dinar was put back into the economy NOT ONE ! Zero - Zilch - Nada !! In all the auctions not a single dinar was offered for sale back to the banks. There were 17 auctions in October. Another interesting point is that the amount of dollars being sold back to the banks has been in a steady decline. Previously an average day saw about 75 to 80 million dollars being sold where as lately the average has been around 15 to 18 million. This goes hand in hand with the theory that the bank has been drying up the supply chain. One thing I would like to add, this study would not have been possible if it had not been for the faithful and detailed posting by SGS of the CBI's daily activity and the archiving by Neno of all this valuable information, to both of you thank you very much.

So with that info I have updated the totals to include the month of October, with that we can get a clearer picture of where the CBI stands at this time in their efforts to recapture as many dinars as possible and reduce their liability before they RV the exchange rate.




1. The dinar to the dollar is down 3 more points today from 1414 to 1411

2. Another $60,050,000 (net) worth of dinars, (IQD 84,730,550,000) out of circulation

3. 15 banks participating.

4. 44th auction since the beginning of CBI's reval plan

5. 75 days into the CBI's reval plan.

6. 2,750,799,227,000 dinars pulled from circulation !!

7. Only 282,200,000 Dinars back into circulation today

8. 66 dinar change since Nov 1st (baseline was 1477) 4.468% increase in value of the dinar since beginning of reval plan

I got a question for anybody out there. There are over 1 million Iraqis that work for the government. The government gives them a check every month. So is not the Government putting back money in circulation through the payment of salaries? I mean just think of it! If the adv. salary is $500 USD a month, and I am sure they are paid in Dinar, so each person is paid 705,500.00 dinar a month. 705,500.00 X 1 million people is 705,500,000,000.00. So 705 billion dinar is put back in circulation every month. Am I wrong in this or is the amount taken out of circulation far less than some think?

Sounds like that

In that case YEEEHAAAA

Originally Posted by kiko

Big increase in the demand for dollar
Dargham of Muhammad Ali
Baghdad - (Voices of Iraq)

The demand for dollar in the auction the Central Bank of Iraq today, Thursday, recording 60 million and 250 thousand dollars, compared with 17 million and 125 thousand dollars yesterday.
Such requests for the purchase of 22 million and 750 thousand dollars in cash and 37 million and 500 thousand dollars in the form of remittances outside the bank full coverage of exchange rate amounted to 1411 dinars to the dollar, a decline of three dinars on the exchange rate yesterday.

Two of the 15 banks participating in the auction today, the largest number of banks involved in one meeting during the last two months, bids for the sale of $ 200 thousand for the bank bought full exchange rate reached 1409 dinars to the dollar, which is the first since the sale of four meetings.

He expected to Yasiri, a bank dealers with the auction in a statement to the News Agency (Voices of Iraq) Independent, to witness the auction, the return of normal circulation during the forthcoming meetings due to equal the official exchange rate with the rate of exchange in the local market.

ÏæáÇÑ- (ÅÞÊÕÇÏ) :: Aswat al Iraq :: Aswat al Iraq

Return to normal circulation with the official exchange rate!!

Are they saying that they stopped with withdrawing money and that the real exchange rate will be set for the next auction (sunday)?

Please can somebody explain this?

Originally Posted by opps50

Sounds like that

In that case YEEEHAAAA

In that case:


WWWWWWEEEEEEEEEAAAAAAAHHHHH

Originally Posted by Caddieman

I got a question for anybody out there. There are over 1 million Iraqis that work for the government. The government gives them a check every month. So is not the Government putting back money in circulation through the payment of salaries? I mean just think of it! If the adv. salary is $500 USD a month, and I am sure they are paid in Dinar, so each person is paid 705,500.00 dinar a month. 705,500.00 X 1 million people is 705,500,000,000.00. So 705 billion dinar is put back in circulation every month. Am I wrong in this or is the amount taken out of circulation far less than some think?

Hey Caddieman please dont say anything like that it would mean the million government workers would be on about 7 million a year after the REVAL ...or would they just pay them in USD after the reval

This tread is to keep the hype going till the reval

Wow! Wonder why Adster is posting on The IFF but not here.

Originally Posted by worf

Either these guys are lying to us or we are misunderstanding what is going on.

Me thinks it's the latter.

Originally Posted by SeaRayaWaitin'

Woohooo!!!! It's the 14th!!!! I'm going down to the bank right now to cash in my dinar now that I'm ri......oh wait....nevermind.

When you have something useful to say, then say it!

Otherwise keep your TROLL statements to yourself.

Maybe trading in your Dinar IS a good idea.....at least then you can stop checking in here and pissing on our Wheaties....

Go Away Troll!