cbi rate 1433

[emile]

why the big differances with other exchanges

[Mucho Dinaro]

:happy64: :happy64: :happy64:

At this rate I only have to work 4 more years......yeah!!!!:drunk:

[Arkie]

Announcement No.(817)

D.G. of Foreign Exchange Control

The 817 daily currency auction was held in the Central Bank of Iraq day Sunday 2006 / 12/ 3 so the results were as follows :
Details Notes
Number of banks 3 -----
Auction price selling dinar / US $ 1433 -----
Auction price buying dinar / US $ 1431 -----
Amount sold at auction price (US $) 7.000.000 -----
Amount purchased at Auction price (US $) 1.000.000
Total offers for buying (US $) 7.000.000 -----
Total offers for selling (US $) 1.000.000 -----

Arkie.

[Stout Hearted Man]

why the big differances with other exchanges

Skillet says the dinar "is" being traded in the Middle East but not elsewhere. I haven't been able to confirm or disprove that as yet.

[smokeyb111]

I think we are all missings omething that's in plain sight.

The amount of Banks, and the volume/amount of trades taking place, are becoming and staying consistently LOW.

I look at the exchange rate first thing in the morning like everyone else, but I think volume and amount of banks is something we need to pay attention to as well.


Just my opinion.

[tmorr37]

Voices of Iraq :-$ (economy)
Sunday, 03 December 2006-01 : 29 PM BT
The Iraqi Central sells seven million dollars and the American currency continues to decline
Dargham of Muhammad Ali
Baghdad - (Voices of Iraq)
The Central Bank of Iraq said it sold during the auction today, Sunday, seven million dollars against 330 million one hundred thousand dollars during the meeting last Wednesday as there were on Thursday, the sale and purchase.
He added in a statement that the bank offers three banks participating today ERA dropped to $ 1 million compared with $ 2 million a hearing last Wednesday.
The statement said that the purchase orders were covered today by the Central at 1433 IQD, down 2 dinars compared to the rate on Wednesday, also central to buy all the sales presentations at the 1431 dinars to 1433 dinars.
He said on one Yasiri dealers in the auction Central Bank News Agency (Voices of Iraq) Independent that the reason for the limited purchase requests that the dollar is the dollar exchange rate in the local market from the lowest price in the Central Bank, where the purchase price is the market in 1410 and the sale price dinars 1420 dinars.
He pointed out that the purchase of the Central restricted to the large volume of transactions and urgent that the market is unable to provide the liquidity necessary. U p


ÏæáÇÑ- (ÇÞÊÕÇÏ) :: Aswat al Iraq :: Aswat al Iraq (http://64.233.179.104/translate_c?hl=en&u=http://www.aswataliraq.info/modules.php%3Fop%3Dmodload%26name%3DNews%26file%3D article%26sid%3D32261%26mode%3Dthread%26order%3D0% 26thold%3D0)

[smokeyb111]

Voices of Iraq :-$ (economy)
Sunday, 03 December 2006-01 : 29 PM BT
The Iraqi Central sells seven million dollars and the American currency continues to decline
Dargham of Muhammad Ali
Baghdad - (Voices of Iraq)
The Central Bank of Iraq said it sold during the auction today, Sunday, seven million dollars against 330 million one hundred thousand dollars during the meeting last Wednesday as there were on Thursday, the sale and purchase.
He added in a statement that the bank offers three banks participating today ERA dropped to $ 1 million compared with $ 2 million a hearing last Wednesday.
The statement said that the purchase orders were covered today by the Central at 1433 IQD, down 2 dinars compared to the rate on Wednesday, also central to buy all the sales presentations at the 1431 dinars to 1433 dinars.
He said on one Yasiri dealers in the auction Central Bank News Agency (Voices of Iraq) Independent that the reason for the limited purchase requests that the dollar is the dollar exchange rate in the local market from the lowest price in the Central Bank, where the purchase price is the market in 1410 and the sale price dinars 1420 dinars.
He pointed out that the purchase of the Central restricted to the large volume of transactions and urgent that the market is unable to provide the liquidity necessary. U p


ÏæáÇÑ- (ÇÞÊÕÇÏ) :: Aswat al Iraq :: Aswat al Iraq (http://64.233.179.104/translate_c?hl=en&u=http://www.aswataliraq.info/modules.php%3Fop%3Dmodload%26name%3DNews%26file%3D article%26sid%3D32261%26mode%3Dthread%26order%3D0% 26thold%3D0)

I'm not going to pretend I understand that. Maybe it's because of the translation.

[skinnymalone]

Re: rates....1431 or 1433...I am kind of new at this, so what does that mean. I other words if the rate is higher or lower, which way is it good for those of us who've purchased dinars?
I know I sound ignorant, I guess I went into this with a leap of faith and the opinions of people I trust.
Thanks in advance for forgiving my dumb question and helping me out anyway.

[tmorr37]

Does that mean the rate is lower but they can't defend it?

[smokeyb111]

Does that mean the rate is lower but they can't defend it?

I dunno. I figured you would know.....

[lglwzrd]

Re: rates....1431 or 1433...I am kind of new at this, so what does that mean. I other words if the rate is higher or lower, which way is it good for those of us who've purchased dinars?
I know I sound ignorant, I guess I went into this with a leap of faith and the opinions of people I trust.
Thanks in advance for forgiving my dumb question and helping me out anyway.

the lower the # of dinars per dollars=we win.. we want it to be 1:1

[J007m]

tmorr37

About the CBI, if this is troue about teh 1410-1420 at local market, the CBI seems to only have one option, to get faster to 1350... drop 5-7 every day until last December. I did on a other hand know, that it was nearly non left of this, " black market " delars.. because of the shortage of dinars in streets...

Great Earth

/////////////////////////////////////////////////////////////////////////
Lord Suffer me to catch a fish, so big that even i, in telling of it afterwards, shall have no need to lie.


Shortage of Dinar. Now thats what were looking for.

Supply goes down- Price goes up. :huge:

[Teslyn]

Re: rates....1431 or 1433...I am kind of new at this, so what does that mean. I other words if the rate is higher or lower, which way is it good for those of us who've purchased dinars?
I know I sound ignorant, I guess I went into this with a leap of faith and the opinions of people I trust.
Thanks in advance for forgiving my dumb question and helping me out anyway.

Look at it like at it this way.

The dinar (against the dollar) as of today is negative 1433 to 1.

As the rate NUMBER goes lower to say 1200 to 1, its better because it is coming closer to lining up, as 1:1 or one Iraqi dinar to one American dollar.

Thats a very simplistic way to look at it, but it works in explaining that lower is better. We want it to lower until it is 1:1.
Hope that helps.

[oldskiier]

What do we make of the fact that they are not showing , Transferes abroad....???

[Joel57]

Number of banks 3 -----
Auction price selling dinar / US $ 1433 -----
Auction price buying dinar / US $ 1431 -----
Amount sold at auction price (US $) 7.000.000 -----
Amount purchased at Auction price (US $) 1.000.000
Total offers for buying (US $) 7.000.000 -----
Total offers for selling (US $) 1.000.000




Shouldn''t the title of the thread read 1431 since that is their buy back rate?




And why is their buy better than their sell rate?

All banks have a spread on FX.
The CBI will give you only 1431 dinars for one dollar, but if you want to buy a dollar, you must give them 1433 dinars. The CBI makes 2 dinars per dollar on the transaction.

[tmorr37]

Voices of Iraq :-$ (economy)
Sunday, 03 December 2006-01 : 29 PM BT
The Iraqi Central sells seven million dollars and the American currency continues to decline
Dargham of Muhammad Ali
Baghdad - (Voices of Iraq)
The Central Bank of Iraq said it sold during the auction today, Sunday, seven million dollars against 330 million one hundred thousand dollars during the meeting last Wednesday as there were on Thursday, the sale and purchase.
He added in a statement that the bank offers three banks participating today ERA dropped to $ 1 million compared with $ 2 million a hearing last Wednesday.
The statement said that the purchase orders were covered today by the Central at 1433 IQD, down 2 dinars compared to the rate on Wednesday, also central to buy all the sales presentations at the 1431 dinars to 1433 dinars.
He said on one Yasiri dealers in the auction Central Bank News Agency (Voices of Iraq) Independent that the reason for the limited purchase requests that the dollar is the dollar exchange rate in the local market from the lowest price in the Central Bank, where the purchase price is the market in 1410 and the sale price dinars 1420 dinars.
He pointed out that the purchase of the Central restricted to the large volume of transactions and urgent that the market is unable to provide the liquidity necessary. U p


ÏæáÇÑ- (ÇÞÊÕÇÏ) :: Aswat al Iraq :: Aswat al Iraq (http://64.233.179.104/translate_c?hl=en&u=http://www.aswataliraq.info/modules.php%3Fop%3Dmodload%26name%3DNews%26file%3D article%26sid%3D32261%26mode%3Dthread%26order%3D0% 26thold%3D0)

He pointed out that the purchase of the Central restricted to the large volume of transactions and urgent that the market is unable to provide the liquidity necessary.
WHAT ABOUT THE LAST STATEMENT ?

[oldskiier]

What do we make of the fact that they are not showing , Transferes abroad....???


What do we make of the fact that they are not showing , Transferes abroad....?

[ISX_TIME]

What do we make of the fact that they are not showing , Transferes abroad....?

I guess that would encourage speculation if they had an M3 with the actual amount of dinar outside Iraq, (which probably amounts to more then in the hands of Iraqi citizens )

__________________________________________________ ___________

SIDE NOTE: Just to keep it in prospective

1 dinar is now equal to ONE MILLION FOUR HUNDRED THIRTY THREE THOUSAND ELECTRONIC FILS.

Thats
1 dinar eqauling $.0006978
1 fil equaling $.0000006978

[sgmunson]

I think you meant $1 = 1,433,000 fils ... 1 dinar will alway be = 1,000 fils.

Steve
(aka sgmunson)
:wave:

I guess that would encourage speculation if they had an M3 with the actual amount of dinar outside Iraq, (which probably amounts to more then in the hands of Iraqi citizens )

__________________________________________________ ___________

SIDE NOTE: Just to keep it in prospective

1 dinar is now equal to ONE MILLION FOUR HUNDRED THIRTY THREE THOUSAND ELECTRONIC FILS.

Thats
1 dinar eqauling $.0006978
1 fil equaling $.0000006978

[Secret Key]

He pointed out that the purchase of the Central restricted to the large volume of transactions and urgent that the market is unable to provide the liquidity necessary.
WHAT ABOUT THE LAST STATEMENT ?

Dinar shortage?:confused:

[RotaryRevn]

What happens when no banks want to participate anymore?:confused:

[ISX_TIME]

I think you meant $1 = 1,433,000 fils ... 1 dinar will alway be = 1,000 fils.

Steve
(aka sgmunson)
:wave:

Yes, You are correct, Dollar ? Dinar ? Potatoe ? Potahtoe ?

Tell em what he's won Johnnie ! :lmao:

[Secret Key]

The call for the establishment of a national high of the economy

Baghdad-Sabah

Montasser called the Principality, Chairman of the Federation of Iraqi parliamentarians, economic Azvalljenh in the previous National Assembly, government to : (creation and the establishment of a national high of the Iraqi economy). He said in a press statement : (This The Council must be the highest decision in the economic aspect that the Iraqi experience and expertise includes specialized of all Iraqi blocs and political movements and independents). He added : (must direct this project as soon as possible, to be with the Center for Studies of this strategy of specialists and technocrats, university professors and economic experts, whatever their views, the planning and counseling him). And between the Principality : (The deterioration of the Iraqi economy and the negative phenomena that have occurred in it due to the lack of centralized economic decision).

"He explained : "Iraq is losing all its present economic climate of health." The Principality : "The Iraqi economy, relying almost entirely on oil. This means that the economy has no clear methodology, but more than that, it depends on a chaotic, there is no free economy is not oriented economy is not, The reason for the economic problems due to this reason, in the President. " And : (The reason for reluctance to enter foreign investors back to Iraq for the same reasons and not for the reason of security, as some have claimed that many of the regions of Iraq are totally safe, however, has not lead investor). He called the Principality : (that includes experts from the ministries concerned with this subject. oil, electricity, industry and others. to be able to draw plans ambitious strategy for the advancement of vital life circles). He said : (The Iraqi economy has the expertise and competencies that qualify for the advancement of the fact crumbling But what is lacking in this area is good governance and bold decision). He explained : (these two points that fall within the jurisdiction of the Supreme National Council of the Iraqi economy, it carries a realistic and clear approach to the management of economic resources, as well as being an administrative center active and important role in economic decision-making). The Principality : (ideal policy to attract foreign capital to Iraq, the presence of catalysts higher than normal level of attractions found in other countries. The most important of these catalysts stable economic policy, because foreign investors will not risk investing in Iraq if there is no stability in the Iraqi economy).

Translated version of ÌÑíÏÉ ÇáÕÈÇÍ (http://www.alsabaah.com/)

[Crow]

I guess the "slow rise" might not work,the banks,speculators,and Iraqis are all anticipating the rise,and are holding on to their dinar.The market will push the price up on it's own,the CBI might have to try something else.Good I'm tired of the slow rise.

[Crow]

CBI bring it down to 1000 to 1 in one shot,might as well now.

[tmorr37]

maybe the CBI is at the best rate they can achieve at this point.
There are no certain answers to this investment.
Future is truly unknown by any of us.

[Craft8]

has anyone considered that the recent increase in the value of the dinar is related to the decrease in value of the dollar? If this has been discussed please disregard.

FT.com / MARKETS / Currencies - Dollar slides further on manufacturing data (http://www.ft.com/cms/s/6787cede-8128-11db-864e-0000779e2340,_i_rssPage=ff3cbaf6-3024-11da-ba9f-00000e2511c8.html)

[Fat Albert]

has anyone considered that the recent increase in the value of the dinar is related to the decrease in value of the dollar? If this has been discussed please disregard.

FT.com / MARKETS / Currencies - Dollar slides further on manufacturing data (http://www.ft.com/cms/s/6787cede-8128-11db-864e-0000779e2340,_i_rssPage=ff3cbaf6-3024-11da-ba9f-00000e2511c8.html)


As I have been saying for the past few weeks. I don't think the true value of the dinar has changed, it is just because of the free fall of the dollar. I have not seen the dinar worth so less to the Pound, as from today.

[taro patch]

The dollar has lost nearly 11% against the Euro from January. It has been a
fairly steady fall. I can't see that the change in the NID exchange rate is due to this; that would imply that the NID exchange rate is a free floating rate, which it is not.
Although the strength of the dallar is falling (11%); the dinar is appreciating
(2%), and unfortunately, the relative strength of our investment is declining against the Euro, the good news is that the CBI monetary policy is independant of this, and their policy is leaning towards increasing the strength of the Dinar, albeit very slowly.

[Gogovs]

As I have been saying for the past few weeks. I don't think the true value of the dinar has changed, it is just because of the free fall of the dollar. I have not seen the dinar worth so less to the Pound, as from today.


What I know from people I talk with is, the Dinar that is being sold by dealers is Dinar that is already out of Iraq into other countries. People entering into and leaving Iraq can only have a small bag so getting Dinar out has become harder. Once the supply outside drys up and I think it will at some point, the Dinar will increase on it's own.
I have no time frame as I do not know just how much is outside of Iraq.

[Joel57]

As I have been saying for the past few weeks. I don't think the true value of the dinar has changed, it is just because of the free fall of the dollar. I have not seen the dinar worth so less to the Pound, as from today.

I've said this before. There have been numerous articles clearly stating that Shabibi is intervening. The rate is being manually manipulated. These changes are not market driven.

Here's one example.

22 / 11 / 2006
Baghdad / long
في اجراء غير مسبوق قاد البنك المركزي العراقي حملة طموحاً لتعزيز سعر صرف الدينار العراقي وفق خطة تستهدف امتصاص السيولة والحد من معدلات التضخم المعبر عنها بارتفاعات واضحة على اسعار السلع والخدمات.In an unprecedented led the Central Bank of Iraq ambitious campaign to promote the exchange rate of the Iraqi dinar according to a plan designed to absorb liquidity and the reduction of inflation rates expressed at heights and clear on the prices of goods and services.

[sgmunson]

Gee Whiz though ...

Never did hear from Johnnie... How many dinar did you say I won ?
:happy64: :happy64:

Steve
(aka sgmunson)
:drunk:

Yes, You are correct, Dollar ? Dinar ? Potatoe ? Potahtoe ?

Tell em what he's won Johnnie ! :lmao:

[ISX_TIME]

Gee Whiz though ...

Never did hear from Johnnie... How many dinar did you say I won ?
:happy64: :happy64:

Steve
(aka sgmunson)


Good News and Bad News.

The Good news is You've won all the dinar you can call at one time :happy64:







The Bad news is that they are the Saddam Dinar :crying:

[KnightsCharger]

I've said this before. There have been numerous articles clearly stating that Shabibi is intervening. The rate is being manually manipulated. These changes are not market driven.

Here's one example.

22 / 11 / 2006
Baghdad / long
في اجراء غير مسبوق قاد البنك المركزي العراقي حملة طموحاً لتعزيز سعر صرف الدينار العراقي وفق خطة تستهدف امتصاص السيولة والحد من معدلات التضخم المعبر عنها بارتفاعات واضحة على اسعار السلع والخدمات.In an unprecedented led the Central Bank of Iraq ambitious campaign to promote the exchange rate of the Iraqi dinar according to a plan designed to absorb liquidity and the reduction of inflation rates expressed at heights and clear on the prices of goods and services.

Starting to sound like a scratched cd!:lmao: unfortunatly! a number of poster are trying to reinvent the wheel at all levels of the discussion!

[sgmunson]

I can call a TRILLION at one time, as I know them well from having 45 of the 10K denomination. Not sure if they're the Swiss Dinar version or not - I've never seen pictures of any of the old currency. They do have a silver security strip - which comes off rather easily, and they have Saddam's picture on them as well. The source of that bounty :lmao: was a bad E-Bay seller. Feel free to PM me for the address to send as many more as you wish... After all, when you win, you have to at least say thank you...

Steve
(aka sgmunson)
:happy64:

Good News and Bad News.

The Good news is You've won all the dinar you can call at one time :happy64:







The Bad news is that they are the Saddam Dinar :crying:

[ordinario]

Live mid-market rates (http://www.xe.com/faq.htm#midmarket) as of 2006.12.04 04:30:26 UTC.
More info (http://www.xe.com/iqd.htm)[/COLOR] 1.00 USD
United States Dollars = 1,424.20 IQD
Iraq Dinars 1 USD = 1,424.20 IQD
1 IQD = 0.000702149 USD

[oldskiier]

Live mid-market rates (http://www.xe.com/faq.htm#midmarket) as of 2006.12.04 04:30:26 UTC.
More info (http://www.xe.com/iqd.htm)[/color] 1.00 USD
United States Dollars = 1,424.20 IQD
Iraq Dinars 1 USD = 1,424.20 IQD
1 IQD = 0.000702149 USD

Why would ya put this site up.....It's goofy !!!


Here's somthing worth reading !!

Dated 12/04/06

The exchange rate of the dinar is a remarkable rise of the dollar against the American.


اعداد و تقديم: حسن راشد - بغداد
Preparation and submission : Rashid Hassan-Baghdad
شهد سعر صرف الدينار العراقي في بغداد ارتفاعا ملحوظا مقابل صرف الدولار الأمريكي, لمعرفة أسباب هذا الارتفاع التقى مراسل إذاعة العراق الحر حسن راشد بعدد من الخبراء الاقتصاديين رأوا بان رفع القيمة الشرائية للدينار العراقي سيعيد الثقة بالدينار العراقي وسيساعد على معالجة التضخم ..
The exchange rate of the Iraqi dinar in Baghdad, a remarkable increase of exchange against the dollar, to know the reasons for this rise met with Radio Free Iraq correspondent Hassan Rashid, a number of economists believed that lifting the purchasing value of the Iraqi dinar will restore confidence in Iraqi dinars and will help to address inflation.


Translated version of http://www.iraqhurr.org/ (http://www.google.com/translate?u=http%3A%2F%2Fwww.iraqhurr.org%2F&langpair=ar%7Cen&hl=en&ie=UTF8)

:wave:

[ordinario]

We'll see in a few more hours. The market is live and ongoing.

[dinaros]

1000 would be nice, for a big start.But I doubt it.