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

Mike / Phiberoptic / pm'd me the following . . .

Re: CB Iraq

Hey Doug,

is there anyway you could ask you wife to try and call the CBI's contact numbers and see if she can find out how much of there currency is in circulation. I'd try myself but i speak farsi not arabic.

thanks, Mike

____________________

She tried, got nowhere . . . They asked her who she was & from where was she calling . . . Then they wouldn't tell her anything / she yelled a bit / & hung up . . .

As of 9PM last night . . . still NO 10K! . . . that we could discover . . .

Best to all . . . RR . . .

Originally Posted by shotgunsusie

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.

For sure, raising the value is not in question, we know it will happen, just not how much or when! I'm still in the $1 to $1.48 range.

Originally Posted by RollsRoyce

Mike / Phiberoptic / pm'd me the following . . .

Re: CB Iraq

Hey Doug,

is there anyway you could ask you wife to try and call the CBI's contact numbers and see if she can find out how much of there currency is in circulation. I'd try myself but i speak farsi not arabic.

thanks, Mike

____________________

She tried, got nowhere . . . They asked her who she was & from where was she calling . . . Then they wouldn't tell her anything / she yelled a bit / & hung up . . .

As of 9PM last night . . . still NO 10K! . . . that we could discover . . .

Best to all . . . RR . . .

hey doug im gonna grab you AND indira up and kiss you both right on the face!!! woOt!!!
KURDS ROCK!!!!

Originally Posted by Adster

For sure, raising the value is not in question, we know it will happen, just not how much or when! I'm still in the $1 to $1.48 range.

Im going to start investing in Cayman realestate for when you all start your property portfolio's (Neno can have his for free due to me always straying from the path )

Originally Posted by Adster

For sure, raising the value is not in question, we know it will happen, just not how much or when! I'm still in the $1 to $1.48 range.

dont tell nobody but im up over a buck and a half in my thoughts at this point, two twenty wouldnt shock me. been readin too many oil reports.

Originally Posted by Caddieman

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

I posted this yesterday and it seemed to make sense to me hope it helps.

This is exactly what WM Knowles has been saying...looks like we could expect a reval any day....when they have expunged the amount of dinar from circulation that is targeted.

Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq

Iraq-Currency
Posted by: saleem on Tuesday, November 14, 2006 - 12:43 PM

Iraq-Currency
Dollar demand down amid central bank’s measures to decrease inflation
By Dergham Mohammed Ali
Baghdad, Nov 14, (VOI) – Demand for dollars was lower at the Iraqi Central Bank daily auction on Tuesday to $62.540 million from $110 million in Monday’s auction
.
The central bank said in its daily statement it covered all bids which were $32.910 million in cash and $29.630 million in foreign transfers.

The dollar exchange rate was 1,460 dinars , five ticks lower than Monday.

None of the 16 banks that participated in the auction offered to sell dollars.

Mr. Ali al-Yasseri, exchange company owner, told the independent news agency Voices of Iraq (VOI) “the central bank offered to sell dollar today with an exchange rate of 1,460 dinars, five ticks lower than Monday’s, in a bid to decrease the local liquidity amid a series of tough measures by the bank to bring down inflation.”

The Iraqi central bank, Mr. Yasseri said, “made every effort to ensure that banks participating in the central bank daily auction would not offer dollars for sell.”

“Banks’ offers to sell dollars mean letting more local currency to the market,” he added.

Originally Posted by shotgunsusie

hey doug im gonna grab you AND indira up and kiss you both right on the face!!! woOt!!!
KURDS ROCK!!!!

Really, your WOOTNESS, I thought you were the SHY / RESERVE type of GAL! . . . LOL . . .

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.

Before this week the CBI was buying and selling almost the same amount at auction. Now, they're buying back with very little or NO selling...

Originally Posted by Onenomad

Im going to start investing in Cayman realestate for when you all start your property portfolio's (Neno can have his for free due to me always straying from the path )

Portugal is the place, look at Vale do Lobo and Quinta do Lago. Where we're gonna buy. Hope a few of you millionaires out there will be our neighbours. Great weather, food, loadsa sun and cheap cold beer. Not forgetting the best golf courses around!

Checkitout folks.

Portugal Property For Sale - Algarve, Portugal - Search for Portugal Property For Sale

Great post, am in total agreement with the below posted elsewhere.

Oil is the key Having said all that their is a relationship between oil and interest rates. I have a relative that is a higher up in the finance world. Trust me they watch oil. Thats for another day. I have had the opportunity to organize two banks in the USA.

Look at your dinars in two ways. The Dinar is a stock certificate backed by the CBI which is backed by oil.

One- You have taken a position in a financial institution. How have the stocks of banking institutions done in America?

Two-You have taken a position in an Integrated oil company. Iraq has the capabilty to out perform all of the large oil companies of the world. The oil is owned by the people of Iraq whose currency is the Dinar. How have the Majors and refiners done in America? Exxon mobil, Valero, Shell?

Its a no brainer.

Good luck and do not sell out to early.