Thread: Rv More Info For All

Originally Posted by wellwishes

.05 is nowhere near what I am looking for and I will not sell a single dinar at that price. However, it would be fantastic to see a significant move, and .05 would be a great start.

I'd patiently wait 10 years for 1:1 if I had to, though I believe we are close. Nothing would give a better return over that timeframe. It would still provide a super retirement.

My feelings as well.I think a lot of us feel this way.Its just a matter of time.

Thank goodness for the decent people on here. It would just be unbearable.

Originally Posted by ttree98

Thanks mewannapeg...

ttree98, Please change it to a nun or something cause it is killing me! Just a true complement. Please no offence taken.
Hillbilly

[QUOTE=mountaingirl;185519]

Originally Posted by shotgunsusie

the rv isnt based on one particular thing, but its rather obvious they want full debt reduction and they are attempting to get it BEFORE they revalue that dinar. do you think other countries will provide debt relief when they see how much money iraq is going to generate? its a big reason why they havent revalued as of yet among others.


I have to disagree with this part for the simple reason I think all contries that are still owed money can read and there have been an awful lot of statements in the media lately about all the oil and how wealthy Iraq is going to be.
If someone owed me money and I read that they were going to be really wealthy in a few years I sure would think twice about signing a debt forgiveness.
I guess what I am trying to say is there has to be something other than debt forgiveness holding our reval up. JMHO though.

Actually they are taking it out in trade, Saudi wants to develop Iraqi oil fields so it's not really forgiveness but without debt elimination they could lose out on much more than forgiveness and they know it. i think haggling is just a part of the Arab culture. Without going through this ritual they might feel deprived.

Originally Posted by DANNYDINAR

THANKS MEWANAPEG, HERE IT IS

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

The Central Bank of fixing the exchange rate until Thursday

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By Mohammed Dargham off

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Baghdad - (Voices of Iraq)

.
Proved to the Central Bank of Iraq in the dollar exchange rate for the day Tuesday and until next Thursday on the exchange rate yesterday, the first Sunday of 1272 dinars.

.
A source from the Central Bank in a statement to the News Agency (Voices of Iraq) Independent today that the auction will be held on a regular basis, and that the exchange rate will be fixed. " Noting that the dollar purchase price had been fixed at a rate per 1270 in the case of offers for the sale of the banks and their customers.

.
He said Mr. Sadiq Abdul Razzaq expert as far as the economic and industrial This fixing reference to reassure dealers with the Central Bank to ensure that there is no impact on exchange rates, which will help to stabilize the monetary market, and this action is the right and lead to a healthy and adventurous Ataadam surprise when buying large amounts.


Translated version of http://www.aswataliraq.info/modules.php?op=modload&name=News&file=article&sid= 36383&mode=thread&order=0&thold=0

__________________

Originally Posted by Hillbilly Deluxe

ttree98, Please change it to a nun or something cause it is killing me! Just a true complement. Please no offence taken.
Hillbilly

Yes, that is me in the flesh, no offence taken. And Thank You....

okay guys, I took the time to delete all of the off topic and argumentative posts... Please try to stay on topic from this point forward.

Thanks!

Originally Posted by shotgunsusie

the rv isnt based on one particular thing, but its rather obvious they want full debt reduction and they are attempting to get it BEFORE they revalue that dinar. do you think other countries will provide debt relief when they see how much money iraq is going to generate? its a big reason why they havent revalued as of yet among others.

Here's another BIG reason why it hasn't revalued yet....it ain't going to. As of now.....I am officially relegating my dinar to my retirement fund....hopefully I'll get an average return on my investement in the next 25 years or so but as for that magical morning when I wake up, scratch here and there, and check the internet to see a magical reval at 1:1.....I give up...it won't happen and the sooner I realize that I'll be a working stiff 'til the day i die the happier I'll be.

Originally Posted by ATMCSMD

Here's another BIG reason why it hasn't revalued yet....it ain't going to. As of now.....I am officially relegating my dinar to my retirement fund....hopefully I'll get an average return on my investement in the next 25 years or so but as for that magical morning when I wake up, scratch here and there, and check the internet to see a magical reval at 1:1.....I give up...it won't happen and the sooner I realize that I'll be a working stiff 'til the day i die the happier I'll be.

LOL, I am giving it a little better chance until the 1st of July, then I dump half my stash at market price and pack the remainder away until something happens down the road. I will also leave the dinar forums at that time. Maybe PIPS will be our saviour in the end!!

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