Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by readytogo

Please, some verification why CBI is buying dinar and do they usually do this? Sorry if this is a stupid question.

Monica

One bank have sell more then 2 millions dollars to the central bank of Iraq in the daily auction.They exchange it for us dollars.The central bank have not ask to buy up this money,its another bank who have offer to sell this money to do this exchange.This bank can be locate in Iraq or from another country like jordan!!!

Originally Posted by pipshurricane

The central bank have buy back 2 millions dollars from the bank!!!

I found this on another forum... not sure if it is significant or not...maybe someone who has a better understanding can comment on it.. First quote is
from the person posting... and asking if it means anything.. the second quote is a response from a person giving their imput of it... here goes..

www.cbiraq.org/cbs6.htm

"Its changed...now has auction price buying dinar vs USD and has world currency chart below....has it entered the World Market..or is this prep for it?? Something is happening!!! "

(response)
"Great find H...., ...
I have checked the CBI's website on occassion and the chart that's there now below the auction chart was not there before.
I also agree this is significant!
As soon as the REVAL ocurrs, this second chart was added to automatically show the daily international currency rates similar to what the currency futures markets have that I use daily to buy and sell currency futures contracts.
My guess is they have done this to make their webpage ready for something big that is about to happen....why else would they have added this feature? This will be another webpage that I will bookmark and check daily....."


The second chart is was is new... and according to the second post... this
is significant...

Anyone?

ezcash,i sure hope that this is the beginning of something greeeeat!!!
lisa

Hi folks,

Being new here is the obvious since this is my first post. I have been more of a fly on the wall and trying to soak in as much as possible. I will say that this group seems to have a great grasp on things and displays an exemplary attitude as opposed to some other forums i frequent. I have a couple of questions that may have been addressed a while ago (i tried starting at page 1 but my brain hurts) but would like to see how you feel on the matters;

1.) The reasoning behind printing larger bills i.e. 25k, 10k and 5k. Disclaimer - I am not a "zero lop" theorist and wont join that wagon. Did they print these larger denominations to fascilitate ease in printing such a large amount of money and trying to get in distributed?

2.) Is the concensus that once the NID hits the market they will try and reel in the lagrer bills to eventually faze them out? I, as well as most of you, have seen the smaller denomination coins/bills, so it appears obvious that the need for those will be high once a RV occurs. This on the coat tails that most of the neghboring nations to Iraq do not have the larger currency bills. If they did then they were lopped (Turkey).

Again, i greatly appreciate the individuals here that try and help out their fellow investors with questions and constant news updates. Keep up the good work. May good fortune bless us all.

For those of you that like to see what other nation's banks are doing and if they even list the NID on their exchanges page, here is a list of every Central bank with associated links.
http://www.bis.org/cbanks.htm

Sassy... I hope I'm not sounding a false alarm .. and hope one of our guys will be able to tell us what it means ..if anything .. but the second persons remark sounded like he could know what he was talking about.... I'm tying to not hyperventilate!! But I am so ready!!

Originally Posted by ezcash

Sassy... I hope I'm not sounding a false alarm .. and hope one of our guys will be able to tell us what it means ..if anything .. but the second persons remark sounded like he could know what he was talking about.... I'm tying to not hyperventilate!! But I am so ready!!

EZ,

Every little bit of good and positive info is WONDERFUL! Great find EZ!

Monica

Originally Posted by ezcash

Sassy... I hope I'm not sounding a false alarm .. and hope one of our guys will be abl
e to tell us what it means ..if anything .. but the second persons remark sounded like he could know what he was talking about.... I'm tying to not hyperventilate!! But I am so ready!!

yes he did seem to know what he was talking about. don't feel alone, i've been hyperventilating for a while.
lisa

Monica.. tk u... ... feel like we'll all secret investigators ..I'm hoping its a piece of the puzzle

Originally Posted by readytogo

Please, some verification why CBI is buying dinar and do they usually do this? Sorry if this is a stupid question.

Monica

Where is this being gotten from? A article are what? Would like to see it my self.

Originally Posted by pipshurricane

Iraq-Currency
Iraq Cenbank gets first dollar selling offers in more than 45 days
By Dergham Mohammed Ali
Baghdad, Aug 1, (VOI) – The Iraqi central bank received on Tuesday the first selling offers for dollars in more than a month and a half.
The bank bought more than $2.150 million at 1,475 dinars rate.
Demand for dollars was higher in the daily central bank auction, reaching $44.165 million compared to about $39 million on Monday.
The bank said in its daily statement it covered all bids which were $33.405 million in cash and $10.760 million in foreign transfers.

IC Now.