**No Change Rate still 1325**

[OliveOil]

What does this mean????:no:
1325


Olive

[Jetsa]

Means they had another auction today (Thursday) and the exchange rate remained at 1325.

[Hemimikec3]

They are off. Some holiday in the middle east until the 7th.

[OliveOil]

Means they had another auction today (Thursday) and the exchange rate remained at 1325.

Hey smarty that's obvious:drunk:

THE RATE HAS DROPPED EVERY AUCTION SINCE NOV 2nd.

Why has it stop today??

Does it have something to do with the CBI annoucement???:)

Olive

[Hemimikec3]

I didn't refresh my page, ops and I was showing the date of 12-27-06, but there is a holiday today or it starts tomorrow.

[singledad/sflnative]

What does this mean????:no:
1325


Olive

It means that we all got spoiled! Dammmm this stinks. I feel like I got punched in the face!


Personally, what I think that they have just done is to see how many people will cash out at this price.


Oh, but here comes the new year!!!!! :huge:

Go Dinar!!! :wave:

[Jetsa]

Well, I believe the article stated the the rate of yesterdays auction (1325) would remain constant until the Jan 7 auction after the holidays, which would make this the last auction until then. So they actually followed through on something. Hmm, methinks they have had a plan for a long time;)

[Oscar]

The rate did not change but the date did, it shows Thursday 28 and shows the 1325 rate, What a Bummer, :crying: LOL

[Teslyn]

Yep, time to expand what thread and sections you read around here folks.

There must be at least 3 threads that all mention the same article that stated the CBI rate won't change until the 7th or 8th of Januray due to their holiday. There were some guesses as to how to exact interpret the words, but it seems those who said it meant that there would still be auctions but no rate change were correct.

[OliveOil]

The rate did not change but the date did, it shows Thursday 28 and shows the 1325 rate, What a Bummer, :crying: LOL

Not only the date, but the number of banks participating (7) was 6 yesterday
and the dollar amount sold and purchased.

Olive

[dinar_dude]

I think there are going to be a lot of people on this site going through reval withdrawal in the next week. :lmao:

[Jetsa]

I think a lot of questions get answered before the next auction, barring there isnt one this Sunday night;)

[OliveOil]

Yep, time to expand what thread and sections you read around here folks.

There must be at least 3 threads that all mention the same article that stated the CBI rate won't change until the 7th or 8th of Januray due to their holiday. There were some guesses as to how to exact interpret the words, but it seems those who said it meant that there would still be auctions but no rate change were correct.

Thats what I'm talking about Teslyn..when I said "what does it mean".


We all have been examining the CBI annoucement and speculating on it's interpretation. Now that we are one day remove from it (The CBI Annoucement)and see that the Dinar rate has stop moving, what does it mean???...anyone!!!:confused:

Olive

[dukedunde]

Today is not over for another 2.5 hours

[dukedunde]

I thought I was the only one that was up all night.
Welcome to my playground.

[Teslyn]

Thats what I'm talking about Teslyn..when I said "what does it mean".


We all have been examining the CBI annoucement and speculating on it's interpretation. Now that we are one day remove from it (The CBI Annoucement)and see that the Dinar rate has stop moving, what does it mean???...anyone!!!:confused:

Olive

I'm not one to 'read between the lines' or believe 'its a sign' or 'the cat's out of the bag'. I see it for what it is. Face value. They may be handling auctions, to facilitate banks needs, but they are just not changing the rate during their holiday.

Who knows, maybe they just want to cut down on paperwork during their holiday so that they can get business done that much faster and go home to their families and prayers.

I honestly don't see what the concern is.

[dukedunde]

Jeeze,
Live for the action not the moment. It will happen,
duke

[dukedunde]

you know if I give more inputs Iwill be classifide as an invester.
Even though I have watched this fourm since it started.
I read, I watch.
D

[Crow]

Man, I jus t hope this is not their target level and it is going to stay here awhile,even if that is the case it will start to move again at some point,we will see on the 7th.

[Mucho Dinaro]

I'm not one to 'read between the lines' or believe 'its a sign' or 'the cat's out of the bag'. I see it for what it is. Face value. They may be handling auctions, to facilitate banks needs, but they are just not changing the rate during their holiday.

Who knows, maybe they just want to cut down on paperwork during their holiday so that they can get business done that much faster and go home to their families and prayers.

I honestly don't see what the concern is.

Agreed............I think that is why they said they will handle ANY volume at this level. Why? Because it has been widely broadcast that the rate they are shooting for is 1260 and they know any pause (like this one) may create a little rush on the dinar. They are just stating whatever rush they may have while on holiday they will be able to manage...........that's it......my opinion of course:wave:

[Teslyn]

Man, I jus t hope this is not their target level and it is going to stay here awhile,even if that is the case it will start to move again at some point,we will see on the 7th.

I agree here. I hope they don't choose this as a plateau point. I expect them (plateaus) but I expected it around the 1260 mark. Or the 1000 mark. After the movement they have been excersizing I expect the first 'flat line' to come a little higher in value.

[kev655]

What does this mean????:no:
1325


Olive

HAVE YOU READ ANYTHING ELSE ON THE FORUM? SPECIFICALLY THE POSTS ABOUT THE CBI HOLDING THE CURRENT RATE UNTIL CLOSE OF BUSINESS ON 7TH JAN 2007!

[Teslyn]

HAVE YOU READ ANYTHING ELSE ON THE FORUM? SPECIFICALLY THE POSTS ABOUT THE CBI HOLDING THE CURRENT RATE UNTIL CLOSE OF BUSINESS ON 7TH JAN 2007!

Overreact much? Or the caps lock get stuck and not notice?:rolleyes:

[Mucho Dinaro]

I agree here. I hope they don't choose this as a plateau point. I expect them (plateaus) but I expected it around the 1260 mark. Or the 1000 mark. After the movement they have been excersizing I expect the first 'flat line' to come a little higher in value.

completely agree with this too...........it will probably be a little higher than 1260 because the price of oil isn't near $50 barrel, but who knows.........I'm just an idiot trying to interpret this.:lmao: :drunk:

[sgmunson]

1.) This rate will stay through the end of business hours on Sunday, Jan 7th, 2007. This means no change until at least the auction on 1/8/07. This was directly stated on the CBI website. The interesting thing is that this statement only appears on the Arabic version and NOT the English version.

2.) The CBI will handle any/all volume at the current price throughout the period from now through the 7th of January. This means auctions WILL continue. Again, directly stated. The reason they might have to say that is to assure their customers (the other Iraqi banks) that even if there's a run on dinar, that the CBI can and will handle it. Although such a statement seems like it almost invites such a run, I would wonder whether the culture there is such that people would act that way? Here, no question... but in Iraq? Anyone? This statement may also be motivated by previous actions of the IMF, and may help them get to Article VIII acceptance.

Now, how does this impact an RV? Well, we now know it won't occur on 1/1/07 without the CBI having lied through their teeth. However, 1/8/07 is starting to look like the one candidate in January that may have merit. If at that point it starts another set of moves like we've had until now, then I'd say it could be May before a sizable move occurs. If instead they do something dramatic, I would expect a move to roughly 32 cents per dinar. Much more than that would be difficult to justify, and too much less than that wouldn't do enough good. Also, it would be the actual value the dinar had pre-war, despite official exchange rates (which only Saddam could take advantage of anyway), and thus might agree with statements made about getting back to "the real exchange rate". It's hard to imagine that phrase referring to anything that wasn't genuine fact for the people of Iraq as opposed to only for Saddam and his cronies. Well, that's my two dinars worth...

Steve
(aka sgmunson)
:happy64: :happy64: :happy64:

[iamrealdreamer]

Now, how does this impact an RV? Well, we now know it won't occur on 1/1/07 without the CBI having lied through their teeth. However, 1/8/07 is starting to look like the one candidate in January that may have merit.

Agreed!


And .32 sounds great but I have always thought just alittle lower to start, say .10 - I'll take either or more! :wave:

[wherbie]

Decafe.....Kev.......Decafe...


LMAO

.

[Secret Key]

The stability of the dollar exchange rate for the first time in two months

Exchange rate stabilized today, Thursday, the dollar against the Iraqi dinar at the conclusion of the meetings of the Central Bank Abravi for the current week, recording 1325 dinars, which is the same exchange rate yesterday, the first time that stabilize the exchange rate in more than two months.

And the volume of demand for the dollar, a slight volume of the recording hit six million and 665 thousand dollars against seven million and 300 thousand dollars yesterday.

Such purchase orders between five million and 925 thousand dollars in cash and 730 thousand dollars in the form of remittances outside the bank full coverage of exchange rate amounted to 1325 dinars.

For its part, made six banks participating today offers to sell the dollar hit 730 thousand dollars bought by the bank in full at the exchange rate reached 1323 dinars.

He described the economic expert and industrial Sadiq Abdul Razzaq as far in a statement to the News Agency (Voices of Iraq) independent of exchange rate stability today as a positive indication of the market will return to health and restoring damaged land and the frequent daily rates of exchange undone credibility of the transactions.

He pointed out that the holiday Abbaihi long inescapable auction for more than a week because of Eid Al-Adha will allow much of the smooth circulation without risks decline of the currency and settlement of a number of trade deals.

ÏæáÇÑ- (ÅÞÊÕÇÏ) :: Aswat al Iraq :: Aswat al Iraq (http://66.249.93.104/translate_c?hl=en&langpair=ar%7Cen&u=http://www.aswataliraq.info/modules.php%3Fop%3Dmodload%26name%3DNews%26file%3D article%26sid%3D34026%26mode%3Dthread%26order%3D0% 26thold%3D0)

[Gary0422]

Jetsa,

ROFLMAO "You're killin me"

That was just too funny

[oldsalt]

we are going to drive ourselves insane till the 7th:eek: :eek: we should all get together and get snotslinging drunk.:drunk:

[Iraqi Rich]

1.) This rate will stay through the end of business hours on Sunday, Jan 7th, 2007. This means no change until at least the auction on 1/8/07. This was directly stated on the CBI website. The interesting thing is that this statement only appears on the Arabic version and NOT the English version.

2.) The CBI will handle any/all volume at the current price throughout the period from now through the 7th of January. This means auctions WILL continue. Again, directly stated. The reason they might have to say that is to assure their customers (the other Iraqi banks) that even if there's a run on dinar, that the CBI can and will handle it. Although such a statement seems like it almost invites such a run, I would wonder whether the culture there is such that people would act that way? Here, no question... but in Iraq? Anyone? This statement may also be motivated by previous actions of the IMF, and may help them get to Article VIII acceptance.

Now, how does this impact an RV? Well, we now know it won't occur on 1/1/07 without the CBI having lied through their teeth. However, 1/8/07 is starting to look like the one candidate in January that may have merit. If at that point it starts another set of moves like we've had until now, then I'd say it could be May before a sizable move occurs. If instead they do something dramatic, I would expect a move to roughly 32 cents per dinar. Much more than that would be difficult to justify, and too much less than that wouldn't do enough good. Also, it would be the actual value the dinar had pre-war, despite official exchange rates (which only Saddam could take advantage of anyway), and thus might agree with statements made about getting back to "the real exchange rate". It's hard to imagine that phrase referring to anything that wasn't genuine fact for the people of Iraq as opposed to only for Saddam and his cronies. Well, that's my two dinars worth...

Steve
(aka sgmunson)
:happy64: :happy64: :happy64:

Well, see you all back here on the 7th. And on the 8th, hopefully, the big dance. I'm going on vacation. Lots of snow in Colorado. Gotta play.

[Pimpmaximus]

It would appear that 20 people are still waiting on their cupcakes........

[buck74]

Looks like the real target rate for the CBI for the end of the year was 1325, not to much diference from the 1345 that they had advertised. We will see what 2007 will bring. With the first day of trading for the ISX also happening on Janaury 8th it could make for an interesting day. I guess we have a week and a half to dream up all the possibilities. :D

[Copedawg]

Looks like the real target rate for the CBI for the end of the year was 1325, not to much diference from the 1345 that they had advertised. We will see what 2007 will bring. With the first day of trading for the ISX also happening on Janaury 8th it could make for an interesting day. I guess we have a week and a half to dream up all the possibilities. :D

9 and a wake up!

[mike623317]

Do you have the following symptoms?

Cold sweats, waking up in the middle of the night, shakes, bad nerves ....

It's called RV Withdrawal Syndrome (RWS).

Cure : Get a good nights sleep everynight for the next week and see what happens in early 2007.

[Crow]

1 year 2 months a long way to go yet,add 1 more month slow start,march 2008.But maybe Oldskiier is right!

[Crow]

March 2008--.31......and that come by way of the finest minds in investing.so at least they might be close.CROW PS and they are smart too.kinda in their own way.

[MJC]

I wonder about the level of intelligence as I read the comments posted about the dinar not rising today. It reminds me of tantrums and fits when daddy didn't bring candy home for the spoiled brats. Be about your business of reality and let the markets work as intended. Get on with your life or get a life, or a job, or something, unless your under age. Which might be the case based on some of the comments posted. :no: MJC

[Ialdoboath]

It seems to me that with
- an announced budget objective of 1240
- the order for the GoI to deal only in dinars
- USD declining on the world market
- the slow rise through Dec. that we saw

that this break until the 8th is designed to benefit smaller Iraqi banks that buy from teh CBI. This is their chance to make the move to dinar before they get caught with USD and lose out big on the exchange rate, even if it is only 1240.


If the local banks were to hold on the USD as the dinar increased they would stand to lose a LOT of money. This is likely the CBI's way of making sure the smaller banks are ok as the rate adjusts up or revals in January.

[oldsalt]

it will be a slow rise.they have to raise it, they are sitting on trillions of dollars worth of oil..and there money is worthless..noway, they are movin up to the big boys.:cool: