Thread: My Aussie Ceo

Originally Posted by mike brown

can you explain what you are saying, i'm completely lost, thanks

( 3.21619 )

the forex chart that was posted had a screen shot of the EUR/IQD pair of currencies and the USD/IQD pair. for several months the eur/iqd chart has been fluxuating showing trading on that pair. the usd/iqd however has remained a constant at 1.00.

it was discussed last year about that setting of 1.00 and the articles about them saying 1:1. many have speculated that is where they intended to start the price of the dinar.

now, a screen shot of that same constant line on the usd/iqd chart is posted, but its not stuck at 1.00 its on 3.21619! i was pointing that out to mrsck as it was extremely odd to me and intriguing.

Originally Posted by shotgunsusie

the forex chart that was posted had a screen shot of the EUR/IQD pair of currencies and the USD/IQD pair. for several months the eur/iqd chart has been fluxuating showing trading on that pair. the usd/iqd however has remained a constant at 1.00.

it was discussed last year about that setting of 1.00 and the articles about them saying 1:1. many have speculated that is where they intended to start the price of the dinar.

now, a screen shot of that same constant line on the usd/iqd chart is posted but its not stuck at 1.00 is on 3.21619. i was pointing that out to mrsck as it was extremely odd to me and intriguing.

I saw that, then I soiled myself by accident.

I think it says $ 3.22 all the way baby!!!!!!!!!!!!!!!!!!!!

Originally Posted by shotgunsusie

"In regard to the new policy pursued by the Central Bank of Iraq and to raise the value of the Iraqi dinar through the opening of the auction's daily buying and selling of foreign currencies minister explained that this policy aimed to raise the value of the Iraqi dinar against other currencies, especially the dollar through a fixed exchange rate of exchange and the value of '1260' dinars to the dollar with a financial policy for the Iraqi dinar to normalpointing out that the House did not approve a plan of implementation so far" NOT BEEN APPROVED??? HMMM IT'S IN THE BUDGET - RV IS IN THAT ONE LITTLE PARAGRAPH IN THE BUDGET.

I know people read into things what they want to, but when I read this statement the key words are TO NORMAL. It is thier intent ro raise the value of the dinar thru the daily auction to 1260 to the dollar, THEN with a FINANCIAL POLICY for the Iraqi Dinar TO NORMAL.


I just wonder what the Normal is to Central Bank of Iraq. 1.29 to 1 Maybe???
Dave

Originally Posted by im1vestr

I know people read into things what they want to, but when I read this statement the key words are TO NORMAL. It is thier intent ro raise the value of the dinar thru the daily auction to 1260 to the dollar, THEN with a FINANCIAL POLICY for the Iraqi Dinar TO NORMAL.


I just wonder what the Normal is to Central Bank of Iraq. 1.29 to 1 Maybe???
Dave

Yes, I found that word (NORMAL) very interesting! Well to return Iraq to normal would be about $ 3.22! It will end up in this neighborhood IMHO! That truly would be the normal value. However will it start there??????????

We sure have been seeing the word (NORMAL) a lot lately!

It's probably just a subliminal message!!!!!!!!!!!!!

Originally Posted by goldraker

I saw that, then I soiled myself by accident.

I think it says $ 3.22 all the way baby!!!!!!!!!!!!!!!!!!!!

It does say that but... who is x-rates . com? You know what i mean? For months and years people have been saying, "Hey look at the yahoo (or whoever, oanda, etc.) rates", but the CBI is the real source. So, who is x-rates and why is this so exciting? Don't get me wrong, i love the amount! But why are we excited about this companies incorrect figures?

Originally Posted by spinedaddy

...
Guys/Girls, I really enjoy your posts. I usually don't post much, just read to catch up. Can someone please explain the quote above regarding fixing the exchange rate to 1260:1? It sounds to me that they want to fix the rate at 1260. Why/Where do you get they want to reval to a higher rate of 1:1 or higher? Some are saying 1.29IQ to $1 US. I just don't get it. I know they have said on numerous occassions about restoring the currency to the previous levels, but it sounds to me that 1260 is where they are trying to get to and hold. Please prove me wrong, or atleast show me the err in my thinking.

Thanks,
Johnny

Actually Spiney,

Many are saying 1 IQD to $1.29 USD, as many have stated over and over, 1.29 IQD to $1 USD is about 77 cents for each dinar, not a true "moving the decimal point 3 places."

Dinarstars

Thanks for the reply DinarStars. Thanks for pointing out my typo regarding the 1IQD to $1.29. All I have read lately from official reports is moving the dinar to 1260. Where are people getting moving 3 decimal places to the left? I know that was speculated awhile back, but I don't remember anything official being reported especially recently. Don't get me wrong, I really love the rates being thrown around, but it's hard to get overly excited when I don't understand where these numbers are coming from.

Thanks,

Johnny

Originally Posted by MrsCK

After Post 969 from Coolespirit this morning in the news thread AT RC. A major light bulb came on with me say "stupid stupid stupid while hitting my forehead"!!! this was around 5am Texas time this morning.
So after everybody grab some coffee this morning - two of our WONDERFUL Fx traders here in our RC family went and compared CBI rate to usd/eur rate. Here is what Coolespirit was talking about in post 969:

Black = CBI dinars
Red = Federal Reserve Bank usd/euro
16 16-Jan 1,320 1,308 1.2918
17 17-Jan 1,319 1,305 1.2926
18 18-Jan 1,319 1,300 1.2942
19 19-Jan NO AUCTION 1.2968
20 20-Jan NO AUCTION 0 0
21 21-Jan 1,314 1,300 50,755
22 22-Jan 1,310 1,298 1.2957
23 23-Jan 1,309 1,295 1.3025
24 24-Jan 1,308 1,295 1.2964
25 25-Jan 1,307 1,292 1.2980
26 26-Jan NO AUCTION 0 0
27 27-Jan NO AUCTION 0 0
28 28-Jan 1,306 1,292
29 29-Jan 1,292 1.2948

OK now I only had time to go back to Jan. 16th but I think y'all get the idea of what Coolespirit was saying. CBI "IS" RUNNING ALMOST SIDE BY SIDE TO THE DOLLAR. HMMMM

That is when I emailed my Aussie CEO because now it made sense what he was "trying" to explain to me the first of the month and all the news articles that say "dinar to the dollar". He replied back a few hours later.


"Thank you for your questions, I hope I can explain my answers for you. The CBI rate to the Dollar? - This is what I was explaining per our last chat. Iraq has stated many times that they want the dinar equal to the dollar. I can understand the confusion on your part thinking 1 for 1. But by your own research team you now have a clear understanding what they are truly saying." ( OK if it RV'd on Jan. 29th the CBI rate is 1292, usd/eur is $1.2948 = RV amount $1.29.)

"Our contracts with Iraq? - Yes our contracts are wrote, but the price has not been decided. We can not work a price since our contracts fall under the FIL. All FIL contracts are per dinar currency and that has not been finalized. I will be traveling to Iraq before Feb. 23 to finish the pricing for the work my crews will do. Our crews are still schedule to leave for Iraq in Feb." (With him traveling to Iraq would only be because it has rv'd and they can set the rate for the contracts.)

"My option? We have had new contracts since first of November but are still waiting. I believe your coolespirit is dead on and CBI is really starting to worry a little with the delays. I would think that is why we see "no auction during the week" for a few days so that CBI can stay with in their plan for the RV. I feel this can not continue or the CBI will be in bad shape at the time of rv, if it was at a much later date. As I warned you at our last talk, be careful getting to close many people are watching!" (FARMMMMMMMMMMMM JIGGGGGGGGGGGG)

Here is a bit of History how this all started: The crews were to leave in October because in Plan A the RV price was set - but they changed them. The bugger (in a good way) will not tell me what the first RV price WAS!! but his first contracts had the price in them, but was waiting on the FIL. So since they changed the RV amount in August - his contracts got deleted - Then they re-wrote contracts but no price this time.

Also he said he would try and let me know if his trip will be canceled - he said he will not go if it has not RV'd.

SO WITH EVERYTHING THE LAST 2 DAYS - RV AROUND THE CORNER!!!!!!!!!

F A R M JIGGGGGGGGGGGG
EVERYDAY TO THIS "ONCE" IN A LIFE TIME EVENT!

CHEER
CHRIS

Definitely one of the more interesting theories we've read. The good news about this theory is we will see how it pans out. Let's say the USD/EURO take a sharp turn upwards for a couple months (1400/1425) and the IQD continues a gradual increase (which in this case is a LOWER IQD to USD number) say 1260. 1260 was the next projected rate in line. This spread would be pretty close to telling us the theory is wrong. Or let's say over the course of 2007 the USD/EURO hovers around the 1290 levels and the IQD goes to 1100 levels (or higher say 900 IQD to 1 USD). Once again that would prove the theory as being incorrect. If this theory is correct, then we should see the IQD number stay pretty much on par with the USD until this extremely high re-val happens. Any large delta shows the theory can't hold. I like it. Easy to understand and easy to prove or disprove. We shall see.

Originally Posted by spinedaddy

Thanks for the reply DinarStars. Thanks for pointing out my typo regarding the 1IQD to $1.29. All I have read lately from official reports is moving the dinar to 1260. Where are people getting moving 3 decimal places to the left? I know that was speculated awhile back, but I don't remember anything official being reported especially recently. Don't get me wrong, I really love the rates being thrown around, but it's hard to get overly excited when I don't understand where these numbers are coming from.

Thanks,

Johnny

Nothing official has been reported spinedaddy. The excitement you observe here is just the pure joy that comes from dreams that may possibly come true based on VERY astute analysis by these perceptive folks. So join the party while we wait for this thread to be eventually moved to the news section.

Originally Posted by webinvestor

It does say that but... who is x-rates . com? You know what i mean? For months and years people have been saying, "Hey look at the yahoo (or whoever, oanda, etc.) rates", but the CBI is the real source. So, who is x-rates and why is this so exciting? Don't get me wrong, i love the amount! But why are we excited about this companies incorrect figures?

Well this is very interesting! I think that they, the market. First were quoting the dinar coming out a buck+. But now, with these new statements coming online. About returning the dinar returning to normal. Which has been 3+ bucks for eighty years. It could be that the markets are interpolating the real normal value!

OF $ 3.22