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

Wm.Knowles posted
...When that target is reached, better things WILL follow. We have one more auction this week, so lets watch what happens and then "Who Knows" what could happen over the weekend. It might be exciting!

AMEN

Originally Posted by texaslonghorns

http://uae4up.com/uploads/059270de38.gif

well, weve got both the ministry of finance sayin they need to raise the rate of the dinar last month, and the cbi sayin they gotta raise the rate of the dinar now. both the major players in the revalue have spoken.

long live the raising of the dinar!!!!!!!!!!!!!!!!!!!!!!!! (but hurry up!)

Originally Posted by Wm.Knowles

Ref: Two Questions

I wold like to respond to two questions that have been asked.

The first question is how long do I think the CBI can continue the trend of removing dinar from circulation. Very dificult to make that judgement. If it is true that they have 4.5 Trillion in circulation, and they are approaching removing a Trillion dinar within the last week or so, I would expect this process to be about done. They have been successful in removing the dinar at a lower rate. Can you imagine trying to remove that amount of dinar and what it would cost should they have had an R/V at .31 USD to the dinar? The cost would have been tragic. How much longer can this go on? Expect them to continue to remove dinar until they reach their target, which we can only sit on the sidelines and watch. But the "trend is our friend". So we'll see what happens this week. As I have said before this week is going to be very interesting.

The second question was, "What if they remove too much"? This is when things really get interesting should they (CBI) misjudge and remove too much dinar. This would be similiar to a very profitable stock company who has few outstanding shares of stock. The price of the outstanding stock becomes very expensive. So you could expect basic supply and demand to take over and elevate the price of the dinar to atmospheric levels. (I can hear the screams of joy from here and the encouragement for the CBI to do to good of a job). Everyone have a good day.

Sorry but I don't get the numbers. You are saying that the CBI has taken out 1 trillion in just one week of sales, and those sales totaled about 370,000.00 But we have had 806 auctions to date. If you take a very Conservative estimate of 25,000.00 a sale since inception you get 20,150,000.00 sold. That comes out by your numbers as 54 trillion taken out of circulation. Can you explain that? And before every one jumps on my case I am just asking a simple Question that I don't understand. Wm. Knowles is a much more learned man than I. The numbers just don't add up for me.

More than one billion dollars has been made available to Iraqi authorities for reconstruction projects over the coming months, a top US official said Tuesday.

Noozz.com | IRAQ

Originally Posted by Caddieman

Sorry but I don't get the numbers. You are saying that the CBI has taken out 1 trillion in just one week of sales, and those sales totaled about 370,000.00 But we have had 806 auctions to date. If you take a very Conservative estimate of 25,000.00 a sale since inception you get 20,150,000.00 sold. That comes out by your numbers as 54 trillion taken out of circulation. Can you explain that? And before every one jumps on my case I am just asking a simple Question that I don't understand. Wm. Knowles is a much more learned man than I. The numbers just don't add up for me.

The difference this time around is that they are not selling dinars. They are just buying them and effectively taking them out of circulation. In previous auctions, they sold and bought dinars so it basically evened out in the end. Hope I am right!

Originally Posted by shotgunsusie

well, weve got both the ministry of finance sayin they need to raise the rate of the dinar last month, and the cbi sayin they gotta raise the rate of the dinar now. both the major players in the revalue have spoken.

long live the raising of the dinar!!!!!!!!!!!!!!!!!!!!!!!! (but hurry up!)

Sus, not forgetting we have the World Bank, IMF and Paris Club giving their approval for a reval.

Originally Posted by Adster

Sus, not forgetting we have the World Bank, IMF and Paris Club giving their approval for a reval.

And lets not forget coming in line with GCC countries...ah yes nowhere but up my friends

Originally Posted by postcon

The difference this time around is that they are not selling dinars. They are just buying them and effectively taking them out of circulation. In previous auctions, they sold and bought dinars so it basically evened out in the end. Hope I am right!

The Cbi has hardly ever sold dinars in their auctions. And I hope I am wrong! And you are right!

Originally Posted by Adster

Sus, not forgetting we have the World Bank, IMF and Paris Club giving their approval for a reval.

yes BUT!!
THE MOF AND THE CBI RAISE THE RATE OF THE IRAQI DINAR!!! takes them two to make the decision and do the announcin etc.

my point bein if those are the two who decide apparently theyve done that part all they gotta do now is announce it. sounds like this is indeed our weekend!!!