Thread: Rv More Info For All

Iraq want full debt reduction fine then all they have to do is rv so they can get their debt payed off

Today I found out there is no Dinars in Jordan, Dubai or Kuwait. per DannyDinar

I am sure there must be someone who has contacts in 1 of these countries that can verify this. Please

I have a question.

Looking at this article:

Voices of Iraq: Iraq-Currency
Posted by: saleem on Tuesday, April 10, 2007 - 03:05 PM
Iraq-Currency
Higher demand for dollar as exchange rate fixed till Thursday in auction
By Dergham Mohamed Ali
Baghdad, Apr 10, (VOI) – Demand for the dollar was down in the Iraqi Central Bank’s daily auction on Tuesday, reaching $ 59.505 million compared with $49.825 million on Sunday, as the Central Bank fixed the exchange rate at 1,272 dinars per dollar until Thursday.
In its daily statement, the bank said it had covered all bids, which included $9.485 million in cash and $50.020 million in foreign transfers, at an exchange rate of 1,272 dinars per dollar, unchanged from last week.
A source at the Iraqi Central bank told the independent news agency Voices of Iraq (VOI) "the exchange rate is fixed at 1,272 dinars per dollar until Thursday."
None of the 14 banks that participated in Tuesday's auction offered to sell dollars.
The auction did not convene on Monday as the Iraqi government imposed a curfew on Baghdad on the fourth anniversary of Baghdad's fall.
Abdul-Razzaq al-Abaiji, an economist, who praised the bank's decision to fix the exchange rate at 1272 dinars per dollar told VOI, "the fixed exchange rate has encouraged traders to make more bids in today's session."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday.

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

When they say "TRADERS" , do they mean the banks are the "traders"? How about the established private Currency Exchangers ( Dealers)? Do they have access to these currency auctions? Or they go through the other banks?...

Cause as far as I knew, the Central Bank works with banks only.

Now, if you look at the highlighted parts, they say that none of the banks offered to sell dollar, but then the traders made more bids...

I am confused...

danny, you said the tenth . so what next, the eleventh, or what?

revdan

Originally Posted by Jola

I have a question.

Looking at this article:

Voices of Iraq: Iraq-Currency
Posted by: saleem on Tuesday, April 10, 2007 - 03:05 PM
Iraq-Currency
Higher demand for dollar as exchange rate fixed till Thursday in auction
By Dergham Mohamed Ali
Baghdad, Apr 10, (VOI) – Demand for the dollar was down in the Iraqi Central Bank’s daily auction on Tuesday, reaching $ 59.505 million compared with $49.825 million on Sunday, as the Central Bank fixed the exchange rate at 1,272 dinars per dollar until Thursday.
In its daily statement, the bank said it had covered all bids, which included $9.485 million in cash and $50.020 million in foreign transfers, at an exchange rate of 1,272 dinars per dollar, unchanged from last week.
A source at the Iraqi Central bank told the independent news agency Voices of Iraq (VOI) "the exchange rate is fixed at 1,272 dinars per dollar until Thursday."
None of the 14 banks that participated in Tuesday's auction offered to sell dollars.
The auction did not convene on Monday as the Iraqi government imposed a curfew on Baghdad on the fourth anniversary of Baghdad's fall.
Abdul-Razzaq al-Abaiji, an economist, who praised the bank's decision to fix the exchange rate at 1272 dinars per dollar told VOI, "the fixed exchange rate has encouraged traders to make more bids in today's session."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday.

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

When they say "TRADERS" , do they mean the banks are the "traders"? How about the established private Currency Exchangers ( Dealers)? Do they have access to these currency auctions? Or they go through the other banks?...

Cause as far as I knew, the Central Bank works with banks only.

Now, if you look at the highlighted parts, they say that none of the banks offered to sell dollar, but then the traders made more bids...

I am confused...

Good point, I wonder if this is what I heard from last week that dealers were not allowed to get dinars until the new rate comes out. Great question

Originally Posted by Bubba Dinar

Dealers were allowed to take orders but nothing was supposed to be shipped until after the new rates were posted! Thats why all orders are on hold till next week!!

OK, Bubba, I'll bite. How do you know this?

Originally Posted by cigarman

OK, Bubba, I'll bite. How do you know this?

*crickets chirping* I suspect cigarman, you'll get the answer we both already expect we will here.

Gloribee

Originally Posted by Bubba Dinar

Dealers were allowed to take orders but nothing was supposed to be shipped until after the new rates were posted! Thats why all orders are on hold till next week!!

This is unreal. Why would you start such a stupid rumor? How about this, who gave the world wide order not to ship?? Unreal. Do you people not even try to make it believable any more?

Hey Now...
I think some need to take a breath and enjoy the ride it'll be over soon.
We need to enjoy life it's short enough......
Soon we will be richer than our wildest Dreams,this brass ring only comes around once..... Enjoy the Ride...
Let's go RV..................

Waymaker, you have hit the nail on the head. As much as I love rollercoasters, I am prepared for this one to pull into the platform.