Thread: Iraq/Dinar News. before Febuary 2nd 2006

Originally Posted by papa02

Good Morning to our wonderful rolclub family. I missed Scottpayes reply today and see that Neno has removed it. I laid in bed last night after all the turmoil regarding Mrs. Ck's post IN THE RUMOR SECTION!!!!. I guess I have a hard time understanding how people can be so hateful and negative. We talk about the Iraqies fighting and we are doing it among ourselves over an investment which HOPEFULLY will come to fruitation. As I recall Mrs. Ck was begged to post what she had heard and then did post it in THE RUMOR SECTION. Rolclub members all have the option to read this info or ignore i. Why then are you(and you know who they are) cutting down Mrs. CK, SGS, NENO, Marek, etc? I was so excited after the post I called my wife on the cell and had her listen to the WOOT!!! I guess I just want to say THANK YOU to Mrs. CK, Gloribee, Neno, Marek, SGS, Wm Knowles, Socata and all the other researchers of the news because without you we would definitely be in the dark. My wife and I appreciate this forum and most of the great people who are on it but could do away with the naysayers and the cut throat crap. Thanks so much rolclub family!!! We look forward to meeting you.

Very well put and agree with you 110%.

Originally Posted by lndmn_01

Sorry but if you have

1 USD = 1290 dinar

and then you move the decimal point you have

1 USD = 1.290 dinar

or .77 USD = 1 dinar

THis is the correct math!

Originally Posted by lndmn_01

Sorry but if you have

1 USD = 1290 dinar

and then you move the decimal point you have

1 USD = 1.290 dinar

or .77 USD = 1 dinar

Originally Posted by SimplyD

Hopefully one NID will be worth $1.29 USD[/SIZE][/COLOR][/COLOR]

Indmn, I believe SimplyD was saying "one day" the "hope" of the NID will be worth $1.29.

Originally Posted by blackwulf

Indmn, I believe SimplyD was saying "one day" the "hope" of the NID will be worth $1.29.

As for moving the decimal point to make it 1 USD = 1.29 IQD, it just doesn't work that way... I think this is a pointless debate anyway as I believe the IQD will open at at least 1.5 Euros... SOON!!!

Originally Posted by draft138

In reading your posts, it brings up a question. If the CBI is raking in all the Dinar they can so that they do not have to pay out as much when the RV hits, then wouldn't it make some sense to make incremental jumps at (for arguments sake) .25 US. With the assumption that some would dump their dinar for the quick profit before they make the next jump. All the while continuing to rake in the dinar to stop its circulation until they get the RV up to 1 to 1. Granted, some would sell off portions and they buy even more dinar, but the profit margin would not be so high on that.

Just a thought
JD

Interesting,

but I believe it will cause more problems rather than solve them. If they incremented the rate, they are then announcing and allowing an ocean of speculators to enter in for the ride upward. Right now the speculator pool is as small as it will ever be. It makes more sense to raise the rate to over a buck; You'll still get investors but the cost itself will be so prohibitive it will prevent the bulk of investors that maybe could afford to get in at a lower rate from entering at all. Well that's my take for what its worth.

abc13.com: News from KTRK, around the world

Several killed as bomb strikes minibus in central Baghdad
(2/01/07 - BAGHDAD, Iraq) - At least nine people were killed in Baghdad Thursday as a bomb tore through a minibus in a predominantly Shiite commercial district and mortars hit a Sunni area, officials said.


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The bombing of the minibus killed at least six and wounded eight, police said. It struck at noon in the district of Karradah, which has been hit by several bombings in recent weeks as insurgents try to maximize the number of people killed before a planned U.S.-security crackdown.

A suicide car bombing devastated the area less than a week ago, killing some 30 people.

Mortar rounds slammed into a Sunni neighborhood in Baghdad for the third day in a row, killing at least three people and wounding 10, hospital officials said.

Five mortar rounds struck the streets of the northern area of Azamiyah on Thursday morning, according to officials who gave the casualty toll.

The Sunni area has been hit daily by mortar attacks since Tuesday, when at least five people were killed and 20 wounded in apparent retaliation for insurgent bombings against predominantly Shiite areas coinciding with the Shiite holy day of Ashoura.

Four people were killed in an afternoon mortar attack Wednesday in Azamiyah.

Elsewhere, the U.S. military said that a soldier died Thursday of wounds sustained in fighting in Anbar province.

The soldier assigned to Multi National Force -- West was killed after being wounded in fighting on Tuesday in the Sunni insurgent stronghold west of Baghdad, the military said in a statement.

The soldier was not identified pending notification of relatives.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

Number of banks 16 -----
Auction price selling dinar / US $ 1290 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 86.490.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 86.490.000 -----
Total offers for selling (US $) ------ -----


Gooooooooooooood Morning RolClub

Well finally we get some movement in the rate of the dinar to the dollar. We are now 30 points away from the "1260" benchmark. If the rate is consistant with what we saw in Jan, we'll be at 1260 near the end of Feb. Personnaly I hope it doesn't take that long, but I've given up trying to figure out what the CBI is doing. A friend called me today and said the HCL has been agreed upon. I haven't read about it yet so I hope it is true. Maybe then we can get some insight into what they really plan on doing. With that, here are the numbers for today, 2/1/07

"The More They Take, The More We Make".


1. A 2 point change in the dinar today. Was 1292, now 1290

2. A (net) worth of dinars, IQD - 111,572,100,000 pulled out of circulation today, 2/1/07

3. 16 banks participating today

4. 73rd auction since the beginning of CBI's reval plan

5. 124 days into the CBI's reval plan.

6. 4,477,154,180,000 dinars pulled from circulation !!

7. 0 Dinars back into circulation today !!

8. 187 dinar change since Oct 1st (baseline was 1477) 12.660% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 2 point reduction in the rate so far this week. Was at 1292 at the end of last week, 1290 this week.

10. 2 point drop so far in the month of Feb. Ended at 1292 in Jan, now stands at 1290. In January we saw a 2.49% drop in the rate.

Originally Posted by lndmn_01

Sorry but if you have

1 USD = 1290 dinar

and then you move the decimal point you have

1 USD = 1.290 dinar

or .77 USD = 1 dinar

well not to rain on anybodies parade, but looks like the 1290 on todays figures on the English side of the CBI do not match the figures on the Arabic side of the CBI note: (check out the note on Arabic side)

1. علما ان :

سعر البيع للحوالات (1288 ) دينار / دولار .

سعر البيع النقدي (1301) دينار / دولار .

2. الكمية المباعة نقداً بمبلغ ( 28.540.000 ) دولار و حوالات بمبلغ ( 57.950.000 ) دولار .

3. يعلن البنك المركزي العراقي اعتماد اسعار بيع وشراء الدولار ليوم الخميس المصادف 1/2/2007 حتى نهاية وقت العمل الرسمي ليوم الاحد المصادف 4/2/2007 ويتعهد بتلبية الطلب على العمله الاجنبيه دون حدود ومهما كانت الكميات المطلوبه ولزبائنه كافه


TRANSLATED:

1. Note : The sale price of remittances dinars (1288) / $. The sale price cash dinars (1301) / $.

2. The quantity sold, the amount of cash (28.540.000) dollars and the amount of remittances (57.950.000) dollars.

3. The Iraqi Central Bank announced the adoption of buying and selling rates for the dollar on Thursday, February 1, 2007 until the end of office hours on Sunday, which falls on February 4, 2007 and pledged to meet the demand for foreign currency without limit and regardless of the quantities required and all clients

Originally Posted by lndmn_01

Sorry but if you have

1 USD = 1290 dinar

and then you move the decimal point you have

1 USD = 1.290 dinar

or .77 USD = 1 dinar

OK - thank you! I finally got what you are saying.....

Originally Posted by lazyasL

well not to rain on anybodies parade, but looks like the 1290 on todays figures on the English side of the CBI do not match the figures on the Arabic side of the CBI note: (check out the note on Arabic side)

1. علما ان :

سعر البيع للحوالات (1288 ) دينار / دولار .

سعر البيع النقدي (1301) دينار / دولار .

2. الكمية المباعة نقداً بمبلغ ( 28.540.000 ) دولار و حوالات بمبلغ ( 57.950.000 ) دولار .

3. يعلن البنك المركزي العراقي اعتماد اسعار بيع وشراء الدولار ليوم الخميس المصادف 1/2/2007 حتى نهاية وقت العمل الرسمي ليوم الاحد المصادف 4/2/2007 ويتعهد بتلبية الطلب على العمله الاجنبيه دون حدود ومهما كانت الكميات المطلوبه ولزبائنه كافه


TRANSLATED:

1. Note : The sale price of remittances dinars (1288) / $. The sale price cash dinars (1301) / $.

2. The quantity sold, the amount of cash (28.540.000) dollars and the amount of remittances (57.950.000) dollars.

3. The Iraqi Central Bank announced the adoption of buying and selling rates for the dollar on Thursday, February 1, 2007 until the end of office hours on Sunday, which falls on February 4, 2007 and pledged to meet the demand for foreign currency without limit and regardless of the quantities required and all clients

Why would they have different numbers? Doesn't make sense. But, not much has either.