Thread: My Turn With My Source. {Friend}

Originally Posted by Par77

I am confused Looks like Neno's "source" was already right...there it is....21.90 drop in the exchange rate. This may be what he/she was talking about. Seems like they may not be talking about the CBI but the market price. Neno, maybe you could clearify this for us. Looking Good

partial quote from neno
Anyways he said you will see the proven market on tommorrow's rate adjustment.
So, if you choose too hang with my Teachings, we will see more



I thought he was saying whatever we see on the market's rate is what we'll see on cbi's next day rate is why i'm thinking we'll see the 20 point drop tonight.
HELP US OUT NENO!!!!
PAR AND I ARE BEING DETECTIVES TOWARDS YOUR SOURCE

Originally Posted by day dreamer

partial quote from neno
Anyways he said you will see the proven market on tommorrow's rate adjustment.
So, if you choose too hang with my Teachings, we will see more



I thought he was saying whatever we see on the market's rate is what we'll see on cbi's next day rate is why i'm thinking we'll see the 20 point drop tonight.
HELP US OUT NENO!!!!
PAR AND I ARE BEING DETECTIVES TOWARDS YOUR SOURCE

Thanks, Day Dreamer. Gottcha! I guess we will just have to wait and see what the CBI rates are. I think Neno is sleeping....like we should be Either way we are going strong and things are looking

Announcement No.(830)

D.G. of Foreign Exchange Control

The 830 daily currency auction was held in the Central Bank of Iraq day Wednesday 2006 / 12/ 20 so the results were as follows :
Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1373 -----
Auction price buying dinar / US $ 1371 -----
Amount sold at auction price (US $) 22.230.000 -----
Amount purchased at Auction price (US $) 2.500.000
Total offers for buying (US $) 22.230.000 -----
Total offers for selling (US $) 2.500.000 -----

Originally Posted by postcon

Announcement No.(830)

D.G. of Foreign Exchange Control

The 830 daily currency auction was held in the Central Bank of Iraq day Wednesday 2006 / 12/ 20 so the results were as follows :
Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1373 -----
Auction price buying dinar / US $ 1371 -----
Amount sold at auction price (US $) 22.230.000 -----
Amount purchased at Auction price (US $) 2.500.000
Total offers for buying (US $) 22.230.000 -----
Total offers for selling (US $) 2.500.000 -----

I don't know, maybe my mirror is broken because I don't see the "proven market" rate (1364) reflected in today's rate of 1373.

Originally Posted by Dinar Cha Ching

I don't know, maybe my mirror is broken because I don't see the "proven market" rate (1364) reflected in today's rate of 1373.

Not having a dig at anyone so no offence meant. Just like to make a general statement that so far all so-called "sources" have been proved wrong, which only substantiates the fact that no one in the know will reveal any inside information. It's high time someone actually befriends the real "sources"!

Let me first say that I hope Neno's friend is right and it does drop 20 points overnight tonight...

My take on this difference is the fact that the Dinar is not "actively" traded on the Forex. There is a 'lag' between changes in the CBI rate and changes in the various banks' and exchanges' rates. I think the 20 point drop is more a matter of the exchange readjusting to the CBI. For example, I called Chase bank 2 or 3 weeks ago and the rate was $782.50 per million Dinar. On Monday I rechecked the rate and it had changed to $782.90; a change of only $0.40 USD even though the amount of change according to the CBI was greater than this. This shows there is a delay between the time the CBI changes the exchange rate to when the banks and or Forex exchanges update their rate. I would believe a bank would hold their rate if the Dinar weakened against the dollar so they could make some extra money off each purchase. However, I seriously doubt a bank would hold their lower selling rate when the Dinar strengthens against the dollar because that results in lower returns for the bank. Using this methodology it is apparent there is an adjustment delay between Iraq and the rest of the world.

Just my .02...

Everwiser

Originally Posted by Lakeway

I love you guys, but I will not be w___ting until that day gets here. Then I will W__T my ass off.

This is what it is meant to be in Control. Some have it and some dont. I just got here after along night. I am catching up to if this holds any ground. I have seen the 1373. To me that is AWSOME. Over 104 since Novemeber. Listening to Bush on the Presidential News Conference right now.

Originally Posted by day dreamer

I moved this info to here because it goes with what neno's source was saying
see there's a 21.90 point drop from 12/19's rates to 12/20's rates


Wednesday, December 20, 2006

1 Iraqi Dinar = 0.0007536 US Dollar
1 US Dollar (USD) = 1327.00 Iraqi Dinar (IQD)
Learn about the new Iraqi Dinar
Median price = 0.0006904 / 0.0007536...

Tuesday, December 19, 2006
1 Iraqi Dinar = 0.0007413 US Dollar
1 US Dollar (USD) = 1348.90 Iraqi Dinar (IQD)
Learn about the new Iraqi Dinar
Median price = 0.0006798 / 0.0007413...

Now see what neno's souRce says in RED above,
so maybe we'll see our 20 point drop tonight [/

I dont know if that is the Market that is talked about. Makes since but I dont really know yet. I have read down where everwiser stated that this example is from the weekend. Again I dont know. But I will say as of now 15 move in these two Days is Awsome. along with the 23 over the week-end. One thing I do know forsure is.....It is MOVING in everyones favor.

Originally Posted by Par77

I am confused Looks like Neno's "source" was already right...there it is....21.90 drop in the exchange rate. This may be what he/she was talking about. Seems like they may not be talking about the CBI but the market price. Neno, maybe you could clearify this for us. Looking Good

I havent talk to them yet and might not until tomorrow. I dont want to be a pest. But yes the market is what has to prove to the CBI for it to hold ground. Now, what I have always thought in the Investment was that the market had to Hold Ground to the CBI's Adjustment. So what I am trying to learn here is the Middle East ways of doing things. I do know they are not like us Westerners, that is forsure. But since us Westerners are teaching the Easterners Democracy for that Country, I would asume that it would be our way. Maybe, Maybe Not. We shall learn this all together. One thing for sure from this New Freind is he is right about it moving in a Possitive Way.

Originally Posted by day dreamer

partial quote from neno
Anyways he said you will see the proven market on tommorrow's rate adjustment.
So, if you choose too hang with my Teachings, we will see more



I thought he was saying whatever we see on the market's rate is what we'll see on cbi's next day rate is why i'm thinking we'll see the 20 point drop tonight.
HELP US OUT NENO!!!!
PAR AND I ARE BEING DETECTIVES TOWARDS YOUR SOURCE

OK, look at it this way from your example of the Market. It shows a gap from the day before. Ok that is great but how much of that gap proved to Hold Ground? To me that is what we have to find out how to determine. If we had away to know what held groud for the day, then we would now the adjustment to made for the next day. If this is even possible with out inside connections to the CBI. What I am seeing is if the market is a plus for the Day then the CBI will adjust accordingly. What do you think?

BTW, Glad to have the "Dinar Gals" back working with us.