Thread: "RollsRoyce ISX Tidbit!"

Originally Posted by MrFnHappy

I find the timing of the CBI adding the SDR rate curious. We know they were to have an Art IV meeting in mid-May, and Art IV is about exchange rate/par value. Does it mean anything?.....sure makes me go hmmmm.

Articles of Agreement: Article IV: Obligations Regarding Exchange Arrangements

Articles of Agreement: Schedule C - Par Values

The first thought that crossed my mind when I saw the SDR rate listed was that quite possibly the SDR is the basket of currencies that the IQD will tie to.

We know that Kuwait is planning to tie to a "basket of currencies" rather than a peg to the USD. It makes good sense for the neighboring oil producing countries to work on the same page. Kuwait just changed their weekend from Thursday and Friday to Friday and Saturday because it made more sense to be on the same work week as their neighboring oil producing countries.

We may have another match here.

Could someone give me the website for forex market? My old computer crashed with it saved under favorites and I can't find it via googling. thanks

Forex | Forex Trading | Forex Minis | Online Currency Trading

Originally Posted by bigjase1

hi all i am not the best for finding info out...but i was speaking to a guy that comes into my pub who does a bit of stocks and shares and others merchant banking bits and he said a back door way in to find out if these oil companies have contract in place for pumping oil out of them golden sands in iraq is to see if they have shares up for the production of oil from iraq and they will have there rates of purchase there for all to see..he is going to have look around to see but he seems to think they would have contracts already done so they can see were the eco will go rather then just guessing so to go on but i dont know were to find this info out so if anyone one knows ols have look hope this helps to find out best to all

just to you all know shares are going to be availible with a uk oil company as the new market opens my friend ben green is based at a canary whawf london merchant banking and he said new shares only come on the market when new big biz contracts open he is not a nid invester as he is stupidly rich with his own biz i have said to him we need to see a new exchange rate and for it to be exchangeable before we can be rich lol he said it wont be long then as the new market in london opens tomorrow he will ring me as soon as he notices anything new and he will speak with a friend of his who is dealing with part of hsbc banking in iraq he will try tonight if not he will speak with him tomorrow and tell me what he knows i hope this helps

Originally Posted by bigjase1

just to you all know shares are going to be availible with a uk oil company as the new market opens my friend ben green is based at a canary whawf london merchant banking and he said new shares only come on the market when new big biz contracts open he is not a nid invester as he is stupidly rich with his own biz i have said to him we need to see a new exchange rate and for it to be exchangeable before we can be rich lol he said it wont be long then as the new market in london opens tomorrow he will ring me as soon as he notices anything new and he will speak with a friend of his who is dealing with part of hsbc banking in iraq he will try tonight if not he will speak with him tomorrow and tell me what he knows i hope this helps

Thank you any tid bit is always welcome...i hope it developes into a major revelation.

Originally Posted by wciappetta

Thank you any tid bit is always welcome...i hope it developes into a major revelation.

cbi is also helped by the states and britain to organise there banking also cbi does not control all money that is auctioned daily there are the other banking section in iraq i.e private that offer iraqis exchange rates so the true figure of amounts sold is not always true daily there is much more taken out daily cbi only really get amounts that private banking carry over hope this helps

Originally Posted by bigjase1

cbi is also helped by the states and britain to organise there banking also cbi does not control all money that is auctioned daily there are the other banking section in iraq i.e private that offer iraqis exchange rates so the true figure of amounts sold is not always true daily there is much more taken out daily cbi only really get amounts that private banking carry over hope this helps

So, How much is left in Circulation?

Originally Posted by Bubba Dinar

So, How much is left in Circulation?

i dont really know all i can say at a guess is if u take into account all the banks that take part in the auction daily at cbi and then if u like devide it equaly then u get a average from each bank so if there are days were banks dont take part then you can work out on average the amount they hold back weekly so i guess a half of all weekly auctions there is probably half that amount again in circalation.dont forget the amounts uk and us banks hold and sell at cbi auction or there brokers sell or hold back because the more others have the harder it is on the cbi to draw monies in because the average jo cant by from the cbi nor can we brits by from the bank of england its all the big boys who are controling the monies...

Originally Posted by bigjase1

just to you all know shares are going to be availible with a uk oil company as the new market opens my friend ben green is based at a canary whawf london merchant banking and he said new shares only come on the market when new big biz contracts open he is not a nid invester as he is stupidly rich with his own biz i have said to him we need to see a new exchange rate and for it to be exchangeable before we can be rich lol he said it wont be long then as the new market in london opens tomorrow he will ring me as soon as he notices anything new and he will speak with a friend of his who is dealing with part of hsbc banking in iraq he will try tonight if not he will speak with him tomorrow and tell me what he knows i hope this helps

Very cool news, Jason thanks! I just checked one UK oil co who I know was an adviser to Iraq and can see that they bought a lot of shares back recently.

Originally Posted by inquisitive1

Very cool news, Jason thanks! I just checked one UK oil co who I know was an adviser to Iraq and can see that they bought a lot of shares back recently.

ooooh Inquisibaby why didn't ya tell us you understand all this jargon??