Thread: Cbi Mistake

i just called safe dinars telephone service and asking again about placing an order. the staff said their web site is down so i cant purchase through online

so i was asking about place an order through telephone . then he said they stoped selling dinar until their site is back. humm intresting.... he said call them back in evening and he will give the updates..?


friends just go and check your hidden dinars and make sure it is safe..! probably we may have to set an appoinment with BM soon..!

Just talked to Dinar Trade. Selling Dinar for 875.00 per million.

Originally Posted by whatmeworry

" Chase buy rate is .261 And the Sell rate is .283 "

does this mean ..

Chase will buy dinars from you at 0.261 and sell dinars to you at 0.293

or

If YOU want to BUY dinars then the rate is 0.261 and if YOU want to SELL dinars the rate is 0.283

????

how does Chase normally quote the BUY/SELL rate .. this is important >> its the LATER version we want !!!!

Chase will sell to you higher than they will buy back. They are speaking from their side of the fence...the lower rate will always be what they will buy them back for. They will never sell to you lower than what they will buy them back from you...they lose money that way and we all know banks are not in the business to lose money.

Hope this helps,

Patty

Originally Posted by neno

I will admit that I got alittle nervous. Actually I still am. lol

Handle it. Oh Yeah, might be nervous until I actually have it. But Handle it, I will get use to it.

I agree...my pucker factor went up 100% when I couldn't get on the CBI site, but I'll be able to handle it....for sure!!!

Originally Posted by duck2000

just went there rate is as stated by neno .00725

That is not the rate as stated by neno.

What kind of coincidence is it for both the safe dinar and CBI website to be "down" at the same time?

Just received word back from my bank (who buys thru BOA) that they are selling at .00088 for IQD. BOA is making a higher profit than Chase.

Originally Posted by Pegasus

Just received word back from my bank (who buys thru BOA) that they are selling at .00088 for IQD. BOA is making a higher profit than Chase.

Chase via the 800 number is the same...Updated at 6:30AM EST

FYI

Originally Posted by davzgirl

Chase will sell to you higher than they will buy back. They are speaking from their side of the fence...the lower rate will always be what they will buy them back for. They will never sell to you lower than what they will buy them back from you...they lose money that way and we all know banks are not in the business to lose money.

Hope this helps,

Patty

of course .. that's obvious ..
that's why i'm trying to figure out if they are quoting a IQDUSD rate or a USDIQD rate .. if .. USDIQD .. then .. it is still possible that the first guy that Neno was talking to was quoting USDKWD .. but if it was an IQDUSD rate .. then .. it's not likely he was talking about Kuwait dinar ...


to futher illustrate:

If this is a IQDUSD rate ... then:

1,000,000 dinars would cost you US$283,000 (0.283 the SELL rate) .. and you could sell it for US$261,000 (0.261 the BUY rate)

if it was a USDIQD rate .. then:

1,000,000 would cost you US$3,831,417 (0.261 the BUY rate) and you would get only US$3,533,568 for it (0.283 the SELL rate)

I say we should not be calling no one anymore today. Chances are that, even if they do have a new rate for IQD, it won't go into effect until it is made official by the CBI, and it will be anyway for tomorrow ( they gave a rate today, and the IQD is traded against the Euro at that rate.

Yes, I am aware that sometimes the announcements of revals were done at the 12pm time also ( in the middle of the trading day) , but based ont he time of the press conference at DC, I tend to believe the rate will kick in tomorrow.

I say, enjoy the little bit of ride ( few hours) that we have left...
On top of that, the 3pm announcement by Condi comes right at 12:00 Iraqi time. THEN the new rate will be in effect.
My guess.