Thread: Iraq/Dinar News up until March 28th 8PM CT.

Originally Posted by Felita

From CBI Arabic site:

"The Iraqi Central Bank announced the adoption of buying and selling rates for the dollar on Monday, March 19, 2007 until the end of office hours on Sunday, which falls on March 25, 2007. "

wow, an entire week? i think that's the first i've seen it be pre announced for that period of time, isn't it normally a couple days?

I did some fishing here on the CBI website. On the English side these two links don't show up - I don't know if they are new or old:

http://www.cbiraq.org/Exchange_1.pdf

and

http://www.cbiraq.org/Exchange.pdf

Did we see them before??
They are in Arabic, can't copy/paste to translator, so... I have no idea what's in there.

Originally Posted by Jola

I did some fishing here on the CBI website. On the English side these two links don't show up - I don't know if they are new or old:

http://www.cbiraq.org/Exchange_1.pdf

and

http://www.cbiraq.org/Exchange.pdf

Did we see them before??
They are in Arabic, can't copy/paste to translator, so... I have no idea what's in there.

hmmmmmmm, I don't think i've seen those, dang it, i can't copy it either

Originally Posted by Jola

We're f****ed.

??

Originally Posted by rvalreadydang

??

Yeah, I know!! LOL
Deleted it. I know kids read this too.

But now, thinking better about it: what was actually the move last week? Almost none. So there is not too big of a difference. I would've expected it to go to 1260 though if the budget is set up like that and they want to really keep the dinar down like this...And we don't have yet an official confirmation that they changed their monetary policy to a fixed exchange rate ....

Originally Posted by Felita

From CBI Arabic site:

"The Iraqi Central Bank announced the adoption of buying and selling rates for the dollar on Monday, March 19, 2007 until the end of office hours on Sunday, which falls on March 25, 2007. "

Is this stating that the exchange rate will remain the same all week, no changes until next Monday?

Originally Posted by Lr4bama

Is this stating that the exchange rate will remain the same all week, no changes until next Monday?

Yes.

Do you guys think this is part of the "speculators shaking"??

Originally Posted by Jola

Do you guys think this is part of the "speculators shaking"??

Hmm, maybe. But wouldnt you set a longer date in that case? I mean 1 week is nothing, if it would have said 25th of april, then it would be some serious shaking! IMO

like i sai nothing until end of month!!!