Lack of liquidity raises the dollar in Kurdistan

[pricestar8]

Lack of liquidity raises the dollar in Kurdistan
Sulaymaniyah - WAP
Detection specialist in economic affairs that the cause of the high value of the dollar in the markets Kurdistan region due to lack of liquidity in the banks. As markets have experienced the Kurdistan region in recent significant increase in the value of the dollar, and specialists attribute the reasons for this rise to a lack of the Iraqi dinar in the banks, and increased demand on the dollar. Chief Economic Committee in the province of Sulaymaniyah Ahmed Rashid in a press statement on Sunday, said that «stability dollar in any country depends on the economy of that State, and Economy Kurdistan linked the Iraqi economy is well known that Iraq's economy is unstable due to the crises and conflicts in the country , and all of this affects the value of the dollar and the volatility in the Kurdistan region. as Rasheed attributed the reasons for the high dollar also to the lack of liquidity in the banks and the need for citizens to deal with the dollar and increased demand.

http://www.almutmar.com/index.php?id=201323836

[TQueezy]

The need for the citizens to deal with the dollar...

Can't they just boycott it and go back to using their own currency regardless of how many bills they have to carry? The they could RV and everything would be status quo.

[Darin]

The need for the citizens to deal with the dollar...

Can't they just boycott it and go back to using their own currency regardless of how many bills they have to carry? The they could RV and everything would be status quo.

What I don't get is how the CBI can say "We have 30T+ hard-cash & 72T+ M2 figures, but the banks can't maintain holding dinars.

I recall a similar issue in 2003 or 2004 prior to the new currency being introduced. The CBI started printing many 250 old dinars because the market was in demand for them and their lack of existence.

 

Demand in dollars due to little existence of dinar?

Seems rather odd.....

[dontlop]

specialists attribute the reasons for this rise to a lack of the Iraqi dinar in the banks

wheres  all the dinars?  we are told by the lopstera theres trillions of them floating around .

 

even though  one dollar removes 1166 of them .

 every billion dollars  means one trillion dinars gone..

 

 155 billion dollars surplus since 2005  in trade surplus in petro dollars  , means  83 billion dollars are circulating in iraq besides the 67 billion dollars in the foriegn reserves .. that would cover all the dinars except ours

i love it that the dinars are scarce

time to rv

best article of the decade

[Darin]

Humorous reasons why the demand for the dollar is higher than the dinar.

 

Kurds are mad at Baghdad and boycotting the IQD

Kurds are still upset that the value did peak at 300:1 to the old dinar, but had to settle for a 150:1 exchange

Kurds are holding & speculating on their IQD awaiting the R/V

Pumpers in an Ironic twist are pumping the USD as a speculative currency in that region

[katie45]

Great article. Remove them dinars.

[sandfly]

SHOOT THEY NEED TO RV

[zul]

What I don't get is how the CBI can say "We have 30T+ hard-cash & 72T+ M2 figures, but the banks can't maintain holding dinars.

I recall a similar issue in 2003 or 2004 prior to the new currency being introduced. The CBI started printing many 250 old dinars because the market was in demand for them and their lack of existence.

 

Demand in dollars due to little existence of dinar?

Seems rather odd.....

 

If i were to believe what the loppers have been saying, this is definitley odd.

72 trillion in M2 and Chief Economic Committee is saying "lack of Iraqi dinar in the banks"..??   

[dontlop]

who has them .. the cbi ?

 

they cant get them on the streets  because the banks dont have them .. so either they are all out of country ..or the cbi has collected them  and wil distribute them in electronic form   on smart cards

while they were asleep the cbi gathered them up .. i figured it  could be done inside of 6 months in  iraq .. thats all it would take thru auction process ... i noticed the auctions getting smaller and smaller  since february  selling dollars  ,,, it must be because they  dont have the dinars to buy them.. they hold dollars so whats the point of buying dollars with dollars at the auctions ..

 

i know for a fact that iraq has a surplus of dollars over and above the 68 billion cbi reserves at about 83 billion petro dollars ..circulating in iraq .

Iraq Balance of Trade Iraq recorded a trade surplus of 24478.10 USD Million in 2012. Balance of Trade in Iraq is reported by the Central Bank of Iraq. Historically, from 1988 until 2012, Iraq Balance of Trade averaged 8690.61 USD Million reaching an all time high of 39048 USD Million in December of 2011 and a record low of -3492.30 USD Million in December of 2004.

 

 

24,478 = 24.478 billion dollars trade surplus in 2012 .. http://www.tradingec...alance-of-trade

 

iraq is experiencing trade surpluses .. which means they are not importing more than they export

 

trade surpluses in 2011 and 2012 equal close to 70 billion so that extra money is circulating on iraqi streets and doesnt leave iraq ......its accumulated wealth for iraq

 

iraq has a 155 billion accumulated trade surplus of 155 billion dollars since 2005 . in 7 years .. thats over 20 billion a year average ..

 

its all on that link i posted

Read more: http://dinarvets.com/forums/index.php?/topic/144973-tlar-member-discussion-post-from-d-alert-03302013/#ixzz2PCIc7Cbt

if the foriegn reserves in iraq is 68 billion dollars . wheres the others 80 billion dollars iraq accumulated over the past  7 years ?

 

they had surpluss in dollars from exports  tottaling 155 billion dolars

 and if the 68 billion in reserves covers the 72 trillion in dinar circulating . theres still over 80 billion in dollars floating around iraqi streets .. and the dinars seem to be drying up

 

so if the cbi has collected all the dinars except for a few .. like the ones we have .. ....they are not liable for them .. they could rv .. and just burn the dinars they hold and put out new iraqi dinars in small denominations ... and rv them and sell the new dinar through the same auction process they used to sell the dollars . but this time they sell the dinar  for dollars .. add a few legal tender laws that say only dinars will be used in local markets after a certain day .. giving them time to exchange all dollars and old dinars ..thats us cashing in . and the few lucky ones in iraq that have dinars

Edited April 1, 2013 by dontlop

[dontlop]

specialists attribute the reasons for this rise to a lack of the Iraqi dinar in the banks

Read more: http://dinarvets.com/forums/index.php?/topic/145042-lack-of-liquidity-raises-the-dollar-in-kurdistan/#ixzz2PCTxQuFi

watch later today an article comes out saying how they shipped two train loads of dinars to the banks in kurdistan.. where ever that is , i guess northern iraq

[unirod]

If what this article is saying is true. Then the Banks in Iraq are bloated with USD. This is just another reason to buy Iraqi Bank stocks on the ISX....IMO

Thx pricestar

[Darin]

If i were to believe what the loppers have been saying, this is definitley odd.

72 trillion in M2 and Chief Economic Committee is saying "lack of Iraqi dinar in the banks"..??   

 

Definitely weird...

No demand for dinars, they're hoarded through speculation?

 

Maybe the theory no new notes have been printed since like 2010 or 2011 holds a little bit of truth as all hard cash has become soiled/damaged/etc.

[Belecosity]

I really feel as though these auctions to clean dinar off the streets are the best indication for us speculators that they will R.V. . Looks like the CBI has done it! They've made sure that the masses in Iraq will not become rich, and only the elite(minus the speculators) will profit.

 

Haha this is where you know this investment is getting good

[zigmeister]

I have always believed the printing stopped in 2010, no one has stated the dinar they have bought in the past date has a new date of 2011 or 12.  My notes are 2010 and I bought in the past two years off and on.  If the dinar is very  low and or non existent in Iraq, they have a very good idea as what is outside of Iraq.  As far as people who hold dinar here and other countries I am sure it is not a huge amount.  Not many people took a chance on the Iraqi dinar scam.  For those who did and got nervous selling what they held, there is less dinar holders.

[dontlop]

 this is just stating northern iraq . but its a good start .. when the lower denominations come out with kurdish writing on them .. those kurds will load up

Edited April 1, 2013 by dontlop

[sandstorm]

If there is huge demand for the dollar, what would the local banks buy? Dollars from the cbi, they purchased with dinar. If everyone coming in wants dollars, why would would the local bank be sitting on physical dinar?

The local banks would be low on dinar...from the high demand for dollars

[sandstorm]

It doesnt neccessarily mean there are no dinar in the banks. pay attention to when the price of the dollar falls, because the supply of usd will be high, meaning their using dollars instead of dinar. as long as the citizens keep getting cycled dinar through salaries, in which the bi gives more dinar to mof or mop and the cycle continues.

The key is when the citizens have no dinar, not the local banks. as long as their selling more dollars t, they will continue to buy dollars in lieu of dinar

Edited April 1, 2013 by sandstorm

[sandstorm]

specialists attribute the reasons for this rise to a lack of the Iraqi dinar in the banks

Read more: http://dinarvets.com/forums/index.php?/topic/145042-lack-of-liquidity-raises-the-dollar-in-kurdistan/#ixzz2PCTxQuFi

watch later today an article comes out saying how they shipped two train loads of dinars to the banks in kurdistan.. where ever that is , i guess northern iraq

you just dont get it. there is high demand for the dollar!! The banks are spending all the dinar their collecting to buy more dollars from the cbi. You have to understand how the currency cycles back and forth between usd and dinar throughout the process with the mof in oil sales with the cbi, the goi paying salaries in dinar.to the daily auctions. you cant look at one small frame within a whole picture.

Think about it dontlop. if there were no dinar, why would people be complaining about the high price for the dollar. they woupdnt be worried about how much dinar it takes to buy a buck

Edited April 1, 2013 by sandstorm

[dontlop]

uh huh .. they just keep getting dinars . what are they doing with them .. holding them for a rv ?,,

 

get real .. they spend them .. where  would they end up ?

 the banks . but the banks dont have them all they got is trillions of digital dinars left .

 

 they just keep getting recycled dinars  through salaries .. what ..today is the first of the month .. so the govt checks will be out  on smart cards ..

 

 this is exactly what we want .. get the currency off the streets ..the govt can minipulate things better that way .

you just dont get it. there is high demand for the dollar!! The banks are spending all the dinar their collecting to buy more dollars from the cbi. You have to understand how the currency cycles back and forth between usd and dinar throughout the process with the mof in oil sales with the cbi, the goi paying salaries in dinar.to the daily auctions. you cant look at one small frame within a whole picture.

Think about it dontlop. if there were no dinar, why would people be complaining about the high price for the dollar. they woupdnt be worried about how much dinar it takes to buy a buck

i dont think you understand what a digital dinar is

 

 and please dont concern yourself  in what i get and dont get .. im concerned that you dont get it too .. i got enough problems in the lopster tank .

Edited April 1, 2013 by dontlop

[sandstorm]

Dontlop, the title of the article...should make it clear. high price of the dollar. now why are they worried about how much dinar it costs to buy a dollar? If they all had no dinar.....thusly they would have usd instead. so the more usd....the lower the price

[dontlop]

ok you stated your view ..

 

 we should  let the titles of articles  make clear what the articles  are about . thanks

ya gotta admit .. the auctions were over 200 million a day for a long time .. over 250 million a day for a long time .. then as the economy got stronger and bigger . the auctions dwindled in half .. down to 120 million a day .. and less .. if your holding dollars .. why buy dollars at the auctions .. buying dollars  with dollars is a losing battle .. your wasting time and energy ..

 

 as the dinars  are collected .. the auctions will be expected to  get smaller ..

 

but the title .. .. that darn title .. how can i get past this title of this article and understand  the process .

as oil production increases ...the more oil  petro dollars coming in .. the smaller the auctions .. hmm .

[sandstorm]

ok you stated your view ..

 

 we should  let the titles of articles  make clear what the articles  are about . thanks

rvrvrvrvr . no dinar at banks...yeehaw. bye now

[greenbeens56]

bye

[dontlop]

rvrvrvrvr . no dinar at banks...yeehaw. bye now

ok see ya back at the lopster tank

[gymrat76541]

If the Dinar is getting ready to RV. Why do they want more dinar in the hands of their people?

 

I imagine that they want their people to stay poor and still working right? If they start pushing everyone to use dinar instead of dollars they will be that much richer after the RV.

 

Just my take. The rich DO NOT WANT TO SHARE SQUAT. LOL