I suspect you are correct. If a person had the cash and did a little digging, you could probably buy 100M dinars. A billion? somehow I have a hard time at this point in time as seeing this as possible. Then again its JMHO.
Gloribee
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Sorry if already posted:
Wednesday, March 28, 2007
A large decrease in the demand for the dollar
Baghdad - (Voices of Iraq)
Decreased demand for dollar in an auction today, Wednesday, the Central Bank is very high, recording 33 million and 45 thousand dollars, compared with 60 million and 195 thousand dollars on Tuesday night.
The daily bulletin issued by the Central Bank, and received news agency (Voices of Iraq) independent copy of today, that the purchase orders were distributed at seven million and 795 thousand dollars in cash and 25 million and 250 thousand dollars in the form of remittances outside the country and the bank has full coverage at the exchange rate low for the third day in a respectively of 1273 dinars, down one dinar exchange rate of 1274 dinars yesterday.
It added that he did not submit any of the 11 banks participating in the auction, offers to sell the dollar to auction.
He said Mr. Ali Yasiri, one dealing with the auction told (the voices of Iraq) said the decline in demand was expected with the return of price policy for landing irregularly, which raises the concern of the state Alassirvein to buy large amounts of more than the daily need of circulation for fear of the price decline that the market decline more of the bank in the event of the reported decline in the exchange rate.
Cheers!
DayDream
does anyone know when that phone confrence starts? think it's 7:p not sure though, wonder when we might hear word on how it went.
Oh I see, good point!
Listen Gang. We have all kinds of threads. Heck feel free to start one if you need it. But this thread is getting off topic. A new News Thread will Start with Lunar last Post in a couple minutes. Keep this Thread on the Dinar/Iraq News info Please.
NEW Thread Here: http://www.rolclub.com/iraqi-dinar-d...hink-tank.html