Thread: when the cbi rate hits 1200 what does that mean to us

Announcement No.(1166)
D.G. of Foreign Exchange Control

The 1166 daily currency auction was held in the Central Bank of Iraq day Thuresday 2008/5/15 so the results were as follows :

Details Notes
Number of banks13-----
Auction price selling dinar / US $1199-----
Auction price buying dinar / US $----------
Amount sold at auction price (US $)47.210.000-----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $)47.210.000-----
Total offers for selling (US $)----------

Over the years we have watched this investment, seems that the passing of an HCl, Security for citizens and commerce were all needed to get the IQD off the mat. Well, like it or not, we are knocking on the door with all of the above and now at 1199... Any wonder why my hair is much grayer now than when I joined the RolClub??? My thought is that we see something soon,. If not by June, then I think we are in for a longer ride than I bargained for.. JMO.. Stay well Seaview thanks for keeping the home fires burning. Blessings all. Warrior

thank a soldier...

for doing the tought job in the world....

no matter what country you live in....

God bless
.

Morning wherbie, As a Viet Nam Vet, I always keep our troopers in my best thoughts and prayers. Your post says how and what we should all do. Our brave men and women are the best of the best in my opinion. Shake hands with a Military person and thank them for their service, you will see an expression that will last you a lifetime. Better yet, when you see some military types having a meal, pick up the tab. You will not forget the gratitude. As for the IQD, let's get this thing done.. RV any day now would be just fine. Blessings all, Warrior

Good morning to all. I have not been online here for quite awhile. Just watching the rates slowly tick away. Any one have any ideas or "rumors" as to when we may be looking at cashing in? I have been on this ride for 4 years now and took a break for awhile but I am really ready to get paid. Any info would be greatful. Have a nice one.

smcquiller1. while you have been gone, not much has changed. The names change, the people behind them are the same. Still a lot of pump and dump on the forums. We broke the magic 1200 number yet we still are waiting. I see us here for a good long time (JMO) wish that I felt a RV near, but alas till we see the HCL, a truly soverign Iraq with stronger security I fear slow grow it is. Just the thoughts of a tired old warrior. Don't be a stranger, dig in and stay a while. Need you back on the boards.

well I guess the 1200 was not the magical number. So I'm not sure what to think maybe there slow pips is there way of keeping inflation in check who knows. So much for my possible prediction of a bold adjustment at 1200. Maybe everything is riding on the hcl? I just hope it doesent just slowly keep growing at a snails pace. Once again we keep guessing.

Nothing major yet - Guess we can closed this out since we are below 1200.

i don't think anything is going to be done as long as this lazy corrupt government is in office..its apparent now and has been for a long time that this government is stealing billions of dollars from under the table...money which is unaccounted for..sent by us... US tax payers......they don't want to pass any laws because they are so scared the person next to them might steal more then they will get...they don't give a rats a** about their own people..its all about how much they can steal and stash away for when they get out of office....Mike[OSW] has always said this and I have to tend to agree with his assessment...theres a long time these laws could have....and should have been passed.....IMHO...Pat

well....it means....that if you have 1 Million DINARS, you will only need 1200 PIPS lower to make your 1 million DINARS worth 1 Million US DOLLARS!!.

Right now your 1 million DINARS are only worth $834.02 as the value is now at 1199.

Might be sooner then we all think....do not sell...you had your dinars for this long, time is on your side.