Popular Post yota691 Posted September 30, 2012 Popular Post Report Share Posted September 30, 2012 (edited) Expert: the exchange rate of the dinar against the dollar will fall more in the coming days by the actions of the Central Bank of effective 30.9.2012 | (Voice of Iraq) - Add a comment - Baghdad (news) Chief Economist Majid picture, that the U.S. dollar in freefall and Sesawe Iraqi dinar exchange rate in the next few days, praising measures the central bank "successful" to reduce the dinar exchange rate against the dollar. said Suri (of the Agency news) today Sunday: One of the important factors for the high exchange rate of the dollar against the dinar in the summer months the past is the high demand and tight supply and exploitation of banking companies for citizens to raise the price of the dollar, prompting the central bank to increase supply in the currency auction. added: that the success of actions the central bank to reduce dollar against the dinar would make dollar equals Iraqi dinar per the next few days. confirmed the picture: the decline of the dollar was limited only to demand cash and not remittances, noting that the transfer obtained by the merchant through banks and banking companies circulated at the official rate, The cash demand by citizens through banking offices fell to its dependence on the supply and demand factor. Read more: http://www.sotaliraq.com/mobile-news.php?id=72841#ixzz27wuhAqCc Edited September 30, 2012 by yota691 54 1 Link to comment Share on other sites More sharing options...
Butifldrm Posted September 30, 2012 Report Share Posted September 30, 2012 GM yota, we can only pray for such to happen in the coming days. 4 1 Link to comment Share on other sites More sharing options...
tilak Posted September 30, 2012 Report Share Posted September 30, 2012 Nice find YOTA!!! Now we need Shabs to say it for the official rate change. 4 Link to comment Share on other sites More sharing options...
yota691 Posted September 30, 2012 Author Report Share Posted September 30, 2012 GM yota, we can only pray for such to happen in the coming days. GM Butifldrm and all of DV... Let Get-R-Done!! 1 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted September 30, 2012 Report Share Posted September 30, 2012 ***/// ... all the little signs of this happening seem to be falling into place. Conditions could be ripening in our favour... But we're afraid to even breath... perchance to dream... so many let downs in the past.--- Psychological warfare....arrrggghhhhh! 11 Link to comment Share on other sites More sharing options...
gregp Posted September 30, 2012 Report Share Posted September 30, 2012 Thanks Yota. I love the see saw effect. 1 Link to comment Share on other sites More sharing options...
yota691 Posted September 30, 2012 Author Report Share Posted September 30, 2012 and another Expert: dinar exchange rate against the dollar would drop more in the coming days by effective central bank actions Date: 2012-09-30 13: 09: 34 Sunday Baghdad (newsletter) ... The Economist said Majid, mock US dollar exchange rate is declining and the dinar will equal in the next few days, praising Central Bank actions "successful" reduce the dinar against the dollar. Mock said (News Agency news) on Sunday: that one important factor for the high dollar exchange rate dinar last summer months are high demand and low supply and exploitation of citizens banking companies to lift the dollar, prompting the Central Bank to increase the supply in the auction currency. He added: the success of Central Bank actions in reducing the dollar against the Iraqi dinar will make dollar Iraqi dinar per few days ahead. Mock said: the decline of the dollar merely demand cash and money orders, indicating that hawala dealer obtained through banks and banking companies circulated official price, cash demand by citizens through the exchange offices reduced to dependence on supply and demand./finished/21. d. o/ http://www.ikhnews.com/news.php?action=view&id=58035 9 Link to comment Share on other sites More sharing options...
supergirl Posted September 30, 2012 Report Share Posted September 30, 2012 Please, please, please let this be true. Thanks Yota. 3 Link to comment Share on other sites More sharing options...
go4profit Posted September 30, 2012 Report Share Posted September 30, 2012 Great find, Yota. Hoping that these boys get their stuff together and get this done. Time for this train to arrive at the station. GO RV!!!! 2 Link to comment Share on other sites More sharing options...
Neapolitan Posted September 30, 2012 Report Share Posted September 30, 2012 "The next few days" sounds much better than "coming days" or 2013. GO RV!!! 4 Link to comment Share on other sites More sharing options...
Luigi1 Posted September 30, 2012 Report Share Posted September 30, 2012 Finally some encoraging news. In the coming days can mean months or years in this part of the world. Lets only hope it is actually days away. 5 Link to comment Share on other sites More sharing options...
SocalDinar Posted September 30, 2012 Report Share Posted September 30, 2012 GM Yota We shall see in the coming days my friend! Wondering why they released this ? 2 Link to comment Share on other sites More sharing options...
jeepguy Posted September 30, 2012 Report Share Posted September 30, 2012 great job yota!!! hope this will be a international trade on the same day,, and we can cash these in anywhere ***/// ... all the little signs of this happening seem to be falling into place. Conditions could be ripening in our favour... But we're afraid to even breath... perchance to dream... so many let downs in the past.--- Psychological warfare....arrrggghhhhh! i hear ya sgt fury ,,,, ether psyhed ,,, or c.b.i pumping and watching the guru bunch go crazy time for the okie plane too have wheels on lift off 3 Link to comment Share on other sites More sharing options...
Biker Posted September 30, 2012 Report Share Posted September 30, 2012 Dont get your panties all bunched up folks, like Lugui1 said couple of days to these folks means weeks, months, yrs, they speak with forked toungs. 10 2 Link to comment Share on other sites More sharing options...
uncirculd Posted September 30, 2012 Report Share Posted September 30, 2012 Dont get your panties all bunched up folks, like Lugui1 said couple of days to these folks means weeks, months, yrs, they speak with forked toungs. I hear ya Biker! We have heard this a few times before. It didn't happen. We have conflicting articles on the exchange all the time. I don't see them announcing this in the news either. Few days, could mean few years to decades the way they roll. 6 Link to comment Share on other sites More sharing options...
mrmcwhipit Posted September 30, 2012 Report Share Posted September 30, 2012 I think we have to see it to believe it anymore, im starting to think they are the ultimate pumpers. 3 Link to comment Share on other sites More sharing options...
zigmeister Posted September 30, 2012 Report Share Posted September 30, 2012 would make dollar equals Iraqi dinar per the next few days. Thanks Yota this is good news! I would like to point out "the next few days" seems to have more steam in it than coming days. Again depending how they mean "next" could mean "This", adding in few, this could mean very soon. Why would they advertise it? Well they do not say how they are going to do it, or when they are going to do it so its still a mystery. 3 Link to comment Share on other sites More sharing options...
Francie26 Posted September 30, 2012 Report Share Posted September 30, 2012 Thanks Yota this is good news! I would like to point out "the next few days" seems to have more steam in it than coming days. Again depending how they mean "next" could mean "This", adding in few, this could mean very soon. Why would they advertise it? Well they do not say how they are going to do it, or when they are going to do it so its still a mystery. You crack me up, Zig!! You are so funny!! At this rate, you would be the perfect guy to define what "is" is. haha And that, even after all this time, is also "still a mystery." haha 5 1 Link to comment Share on other sites More sharing options...
zigmeister Posted September 30, 2012 Report Share Posted September 30, 2012 You crack me up, Zig!! You are so funny!! At this rate, you would be the perfect guy to define what "is" is. haha And that, even after all this time, is also "still a mystery." haha There ya go Francie, Iraq is a mystery. 1 Link to comment Share on other sites More sharing options...
Shelley Posted September 30, 2012 Report Share Posted September 30, 2012 Thanks Yota..... Wish I could give you more than 1+ and 1 star for this one !!!! 1 Link to comment Share on other sites More sharing options...
Double R Posted September 30, 2012 Report Share Posted September 30, 2012 Sounds to me like they are saying since our dollar is in free fall with all the QE crap we've been doing, that it's necessary to jack up the rate. Link to comment Share on other sites More sharing options...
Popular Post i_musician77 Posted September 30, 2012 Popular Post Report Share Posted September 30, 2012 This is by far the most definitive statement to come out of Baghdad. Furthermore, I find it interesting that this article would come out on a Sunday. It will be interesting to see how markets react to this. Typically, in a standard market, this information would be forbidden by the FTC to avoid insider trading. It wouldn't make sense to disclose this prior to a fulfillment/completion of the objective. Pair this with the article of Ban Ki Moon and Iraq chapter 7 lift and you have a formula for success. I am not calling it, I'm simply observing the facts in place. Don't believe for a second that the PTB don't understand Global economics and currencies. This does not indicate a LOP, it doesn't indicate a float. It is explicit in indicating an REVALUATION of currency. Dollars and Dinars have been coming out of circulation in volume for some time in Iraq. The timing is right. I stand to be corrected, but am extremely encouraged by this news. :D :D 21 Link to comment Share on other sites More sharing options...
King Bean Posted September 30, 2012 Report Share Posted September 30, 2012 GM everyone, happy Sunday. I WANT to be positive and hope this is our week/month. I'm remembering back in July when a news article out of Iraq stated emphatically that "it would see huge change in rate and strengthing during Ramadan". Yet nothing happened. Let's all hope this is the start of events we want. I'm staying positive. Have a good week all ! 3 Link to comment Share on other sites More sharing options...
Francie26 Posted September 30, 2012 Report Share Posted September 30, 2012 GM everyone, happy Sunday. I WANT to be positive and hope this is our week/month. I'm remembering back in July when a news article out of Iraq stated emphatically that "it would see huge change in rate and strengthing during Ramadan". Yet nothing happened. Let's all hope this is the start of events we want. I'm staying positive. Have a good week all ! I didn't see that, but if I had, I would never have believed it since Adam says, nothing ever gets done during Ramadan. Link to comment Share on other sites More sharing options...
Double R Posted September 30, 2012 Report Share Posted September 30, 2012 It all makes sense. The dollar's purchasing power is down 30% since 2009. Even the Yuan is trading at an all-time high to the dollar now. For the people of Iraq that use the dollar, they can't buy what they did just a short time ago. Convenient time to make the case that they de-dollarize and make sure their people can still buy everyday goods and services. 2 Link to comment Share on other sites More sharing options...
Recommended Posts