1414

[salvation1]

Announcement No.(825)
D.G. of Foreign Exchange Control
The 825 daily currency auction was held in the Central Bank of Iraq day Wednesday 2006 / 12/ 13 so the results were as follows :
Details NotesNumber of banks10-----Auction price selling dinar / US $1414-----Auction price buying dinar / US $-----------Amount sold at auction price (US $)17.125.000-----Amount purchased at Auction price (US $) ------ Total offers for buying (US $)17.125.000-----Total offers for selling (US $)-----------

[Ryan Express]

The value of the dinar has increased against the dinar 3.9% since early november, yet I can still buy the dinar at the same price as early november. Anyone know why this is? Why has the price not risen on the retail market on a consistent basis with the rise in the wholesale market? I assume the wholesale market in the states makes their purchases in dollars, not other currencies. Please note I will not disclose where I purchase, nor the purchase price, so please do not ask. I wish not to be accused of being a "dealer".

[icarusII]

The value of the dinar has increased against the dinar 3.9% since early november, yet I can still buy the dinar at the same price as early november. Anyone know why this is? Why has the price not risen on the retail market on a consistent basis with the rise in the wholesale market? I assume the wholesale market in the states makes their purchases in dollars, not other currencies. Please note I will not disclose where I purchase, nor the purchase price, so please do not ask. I wish not to be accused of being a "dealer".

Most dealers have purchased a large stock of dinar so have an abundance on hand. They aren't "gouging" you like the gas stations did recently. Dinar purchase prices here in Kuwait have not moved up but will soon.

All the best,
Icarus

[buck74]

1414 - and the beat goes on.

[misty]

It's like having a root canal at this speed. http://e.deviantart.com/emoticons/s/sarcasticclap.gif

No a root canal is less painful and they give you good drugs to make the time fly by faster. :lmao: :lmao:

[GClass]

No auction today 12/13/06? The 1416 was from Tuesday, 12/12/06.

Check again...1414

[wheelz]

The 825 daily currency auction was held in the Central Bank of Iraq day Wednesday 2006 / 12/ 13 so the results were as follows :
Details Notes
Number of banks 10 -----
Auction price selling dinar / US $ 1414 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 17.125.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 17.125.000 -----
Total offers for selling (US $) ------ -----

[jpadrino]

By my calculations the CBI has removed almost half-a-trillion dinar from circulation. Rock on!:happy64:

[sgmunson]

By my data, which I got from the CBI website, they've taken just over 11 TRILLION dinar since April 16th 2006. However, I sincerely doubt that the vast majority of it hasn't found another use. Besides, if you follow the data prior to 4/16/06, you soon discover that this rate of removal had persisted right back to the first auctions, thus suggesting that the total removal amount is greater than the total quantity they had printed to begin with. Obviously, that's not possible, so clearly the vast majority found it's way to another usage.

Steve
(aka sgmunson)

By my calculations the CBI has removed almost half-a-trillion dinar from circulation. Rock on!:happy64:

[lightrays-dinars]

Things are getting better and life is full of hope and excitement. Our futures are surely brighter now. I hope Iraqi People are doing well and return to their normal lifes and get new jobs.

[lightrays-dinars]

I noticed that Dinars are going up by 44 every month.

7th Nov 06 = 1468
7th Dec 06 = 1424 (difference is 44 dinars)
7th Jan 07 = 1380
7th Feb 07 = 1336
7th Mar 07 = 1292
7th Apr 07 = 1248
7th May 07 = 1204
7th June 07 = 1160
7th July 07 = etc

[JCsaves2]

in regards to taking dinar out of circulation, perhaps they are finding another use. I'm sure they are with much, however they certainly have the right tools in place to take out of circulation as much as they need for the appropriate valuation.

Have a great night all!

JCsaves

[Kalraq]

I noticed that Dinars are going up by 44 every month.

7th Nov 06 = 1468
7th Dec 06 = 1424 (difference is 44 dinars)
7th Jan 07 = 1380
7th Feb 07 = 1336
7th Mar 07 = 1292
7th Apr 07 = 1248
7th May 07 = 1204
7th June 07 = 1160
7th July 07 = etc

How did you come to this assumption without first witnessing a trend?

[Tenndinar]

Dont get me wrong, I love the idea of making money every morning when I wake up but JESUS!!

Its like they are teasing us, saying here's the money and all of your dreams but we are going to make you wait for it.

And we arent going to tell you how much we are going to give you and when.

I think this was less nerve racking when the rate stayed the same every freaking day. I get up , oh same old rate nothings changed.

But now, its like 2 here, 3 here what the $%@!

CMON, MAN show me the money already!!!!

Is anyone else as impatient as I am??????????????

:confused: :drunk: :eek:

[iamrealdreamer]

Is anyone else as impatient as I am??????????????

MMMMM! No, not that I have seen ;)

[Riceboi]

Another day, Another Dinar!

Read my signature for comfort!

[Mrtoomanydogs]

Ya know, has anyone considered that this may be the way they will get rid of all the speculators? We have all talked about the amount of dinars in circulation, but this may be how the CBI will weed everyone out. As the dinar continues to increase over time, (I'm not talking now this wouldn't be worth it to turn them in yet) but lets say in a few months maybe they will increase the value to 500-1 maybe that will clear a few million dinars that will be removed from circulation. Then as time goes by more and more are removed. Then in 2010 when Iraq joins the GCC, lets say its .10 - 1 all the speculators (us) will be gone and it will only be new investors.

[Wooly]

I am wanting this to speed up too but I can see progress and feel success with every point of movement. I am almost to the point of breaking even. ALL is good, and it will get better.... then we will look for the next rollercoster to catch a ride on.... JMO GL 2 all and merry Christmas

[Loop]

Dont get me wrong, I love the idea of making money every morning when I wake up but JESUS!!

Its like they are teasing us, saying here's the money and all of your dreams but we are going to make you wait for it.

And we arent going to tell you how much we are going to give you and when.

I think this was less nerve racking when the rate stayed the same every freaking day. I get up , oh same old rate nothings changed.

But now, its like 2 here, 3 here what the $%@!

CMON, MAN show me the F%#$@^! money already!!!!

Is anyone else as impatient as I am??????????????

:confused: :drunk: :eek:


It feels like I am looking at a picture of a Walmart and waiting for the doors to open.

[GRETNA1970]

Ya know, has anyone considered that this may be the way they will get rid of all the speculators? We have all talked about the amount of dinars in circulation, but this may be how the CBI will weed everyone out. As the dinar continues to increase over time, (I'm not talking now this wouldn't be worth it to turn them in yet) but lets say in a few months maybe they will increase the value to 500-1 maybe that will clear a few million dinars that will be removed from circulation. Then as time goes by more and more are removed. Then in 2010 when Iraq joins the GCC, lets say its .10 - 1 all the speculators (us) will be gone and it will only be new investors.

The only problem I see with this therory is a steady rise in value of the dinar over a period of time will attrack other investors, who will in turn buy up that dinar. UNLESS you are suggesting the CBI holds all or most of what they buy and does not release it, which in turn drives the value up even more. Dogs, I like your thinking....