1463?

[buck74]

I believe we use the third row down, since the CBI is selling USD, they would be buying IQD, and the rate would be 1463. Please correct me if I am looking at the wrong number, but I think this continues to be the slow rise many are predicting.

Exchange Rates (http://www.cbiraq.org/cbs6.htm)

[Crow]

Thats it buck74,in the future college papers will be written about this CBI move it's classic.

[buck74]

Looking at my calendar I count about 35 more auction dates between now and New Years Eve, so...if they want to get to 1530 by that date it would be about 3.9 dinars per day. So it would seem the rate of increase will need to accelerate unless there is a bigger drop (say 50 dinars) as a one time shot along the way.

[rags2riches99]

Hey Buck,
You keep posting 1530, is that what you really mean?

[buck74]

You are right (I'm bad) 1350 is the correct number. That is 113 dinars over about 35 CBI auction dates, or an average of about 3.2 dinars per day. So once again I think we will see a one larger drop, unless they just accelerate the gain per day.

[Crow]

You are right (I'm bad) 1350 is the correct number. That is 113 dinars over about 35 CBI auction dates, or an average of about 3.2 dinars per day. So once again I think we will see a one larger drop, unless they just accelerate the gain per day.

I feel up to a 20 dinar move is possible.

[Crow]

In one day.

[aqcroce2010]

If a big drop like that was to occur, wouldnt it have to happen because banks would be purchasing more IQD?

Thus, wouldnt there need to be a reason for the banks to heavily increase their buying of IQD?

[Crow]

Up to a 20 dinar move is no problem,this is a show,the CBI is bring up the value in a slow,even pace.People (foreign investors) will see that the CBI is conservative and the currency trend is up,as it moves up the Iraqi people will notice it too,over time it will add up.

[buck74]

I agree. Also it would not need to be 20, it could even be 10 dinars over five to ten days and we are there.

[buck74]

If a big drop like that was to occur, wouldnt it have to happen because banks would be purchasing more IQD?

Thus, wouldnt there need to be a reason for the banks to heavily increase their buying of IQD?

As the rate improves we will see more banks purchasing dinars, and unloading there dollars. This is what the CBI wants, and will be an outcome of their policy. We may be seeing some of this already.

[Jonny2Jags]

Also, not sure if it's been noticed, but if you scroll down on the exchange rate page of the CBI, they're now publishing figures for rates against other currencies.
-sorry if that's old news, I've only just noticed that.

[jpadrino]

I agree with everything that has been discussed on this thread, but once IQD is freely traded on the FOREX, does anyone doubt it will skyrocket in value? It just seems that the intrinsic value of the IQD is much higher than where it's been for the past 3 years.

[inquisitive]

Notice how low the volume is today. That is a good sign.

[kingdomfunding]

Who has a link to the article of CBI needing to be
at 1350 by year's end?

To get that low, we will need to see an increase or
acceleration in the rate drop.

I too, think we will see larger numbers dropping daily.

:happy64:


I feel up to a 20 dinar move is possible.

[oldskiier]

I wasn't thru with my "RV or 3 month wait" post !!!!!

and with all do respect...to Mods...unless there is rule infraction the closing of a thread should be requested by the one who posted it...:(

anyway here another look at it :) :

المبارك.Start-Rafidain Bank branch Babylon today regardless grant feast that had been endorsed by the Council of Ministers to grant citizens the occasion of the Eid al-Fitr holiday. اوضح ذلك حكيم حسين جبر مدير مصرف الرافدين /بابل قائلا: سيتم صرف هذه المنحة اعتبارا من اليوم ولمدة ثلاثة اشهر حسب الجدول المثبت فيه اسماء الوكلاء وتاريخ صرف المنحة للعوائل حتى يتسنى لكل المواطنين التسلم ويستمر الصرف لغاية 31/1/2007 مضيفا: ولغرض التخلص من عملية التزوير تم تنظيم قيود خاصة لكل عائلة، حسب كشف خاص بالمصرف.Hakim pointed out that Hussein Jabr director of Rafidain Bank / Babylon saying : this grant will be disbursed as of today for three months according to the area in which the names of the agents and the date of payment of the grant to the families so that all citizens of receipt and the exchange will continue until January 31, 2007, adding : For the purpose of getting rid of the fraud had been organized special restrictions for each family, according to detect particular spurred.

It seems to me that the handout will be "post dated" in effect.
Different groups will have different dates on which they will be allowed ( I like this ) EXCHANGE, and this will continue until Jan 31st.
We can speculate that this is being done to avoid huge crowds exchanging all at once thereby making security a little easier to manage (very likely).
We can further speculate that this gives time to the GoI and the CBI to RV (possible).

[Joel57]

I wasn't thru with my "RV or 3 month wait" post !!!!!

and with all do respect...to Mods...unless there is rule infraction the closing of a thread should be requested by the one who posted it...:(

anyway here another look at it :) :

المبارك.Start-Rafidain Bank branch Babylon today regardless grant feast that had been endorsed by the Council of Ministers to grant citizens the occasion of the Eid al-Fitr holiday. اوضح ذلك حكيم حسين جبر مدير مصرف الرافدين /بابل قائلا: سيتم صرف هذه المنحة اعتبارا من اليوم ولمدة ثلاثة اشهر حسب الجدول المثبت فيه اسماء الوكلاء وتاريخ صرف المنحة للعوائل حتى يتسنى لكل المواطنين التسلم ويستمر الصرف لغاية 31/1/2007 مضيفا: ولغرض التخلص من عملية التزوير تم تنظيم قيود خاصة لكل عائلة، حسب كشف خاص بالمصرف.Hakim pointed out that Hussein Jabr director of Rafidain Bank / Babylon saying : this grant will be disbursed as of today for three months according to the area in which the names of the agents and the date of payment of the grant to the families so that all citizens of receipt and the exchange will continue until January 31, 2007, adding : For the purpose of getting rid of the fraud had been organized special restrictions for each family, according to detect particular spurred.

It seems to me that the handout will be "post dated" in effect.
Different groups will have different dates on which they will be allowed ( I like this ) EXCHANGE, and this will continue until Jan 31st.
We can speculate that this is being done to avoid huge crowds exchanging all at once thereby making security a little easier to manage (very likely).
We can further speculate that this gives time to the GoI and the CBI to RV (possible).

Glad you liked that skiier. ;)

[ezfastquotes]

If you look at the CBI...

July 20, 2005 was the last time it was at 1465. It has gone up and down over the years. The best rate was 1350 on Jan 15, 2004.

I woundn't celebrate till it passes the 1350 mark. Untill then it's still in charted territory for the new dinar.

[Crow]

You don't need a PHD in economics to figure out that something is brewing at the CBI.That sucker is going to move!

[Teslyn]

Steady at 1465 the past few auctions. Hrm. Unless they plan on some leaps and bounds we have just settled on the next plateau down from the 1470 we were seeing on average.

[singledad/sflnative]

Notice how low the volume is today. That is a good sign.

Ya, but did you noticed how much was sold at the auction. 110,265,000 I believe this is a record. ;)

[jpadrino]

It looks like the CBI has repurchased another 161 Billion IQD in today's auction. They are pulling a lot of dinar off the market. RV? Oh yeah!:happy64:

[inquisitive]

[quote=singledad/sflnative;245883]Ya, but did you noticed how much was sold at the auction. 110,265,000 I believe this is a record. ;)[


The high volume is Monday Nov.13 2006...the low volume was Sun. Nov. 12,2006

[Crow]

I would think it could be possible that the next CBI auction could result in a bigger rise in value then the last couple of auctions,just my guess.

[grimly]

I just stumbled across this thread. --I was hoping someone else noticed the slight movement upward in the past week. November 13, 2006 -- Yahoo lists the IQD at 1461.400 :shhh:

G

[aqcroce2010]

I just stumbled across this thread. --I was hoping someone else noticed the slight movement upward in the past week. November 13, 2006 -- Yahoo lists the IQD at 1461.400 :shhh:

G



:happy64: woo!

[buck74]

It is a long and winding road, we will see what tomorrow brings.

[R1CH1Y]

She's picking up a bit of pace now...................wheeeeeeeeeeeee!:happy64: