Gypsygirl11 Posted February 19, 2018 Report Share Posted February 19, 2018 15 minutes ago, ChuckFinley said: Election year and honestly are two key words. Both are scary when these guys use them. I really like the word SOLUTION...that would be nice. 2 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 19, 2018 Author Report Share Posted February 19, 2018 On 2/18/2018 at 10:48 AM, DinarThug said: 2-17-2018 Newshound Guru chattels Article: "Baghdad News - The exchange rate of the dollar fell in the Iraqi market against the dinar, and the general trend on demand was moderate. The exchange rate of the dollar in the Stock Exchange Baghdad purchase price $ 100 = 122.750 Iraqi dinars Selling price $ 100 = 122.800 Iraqi dinars." The market rate is improving for the Dinar against the dollar in Iraq. It was as high as 1,300 within the past year as I recall. 2-19-2018 Newshound Guru chattels Difficult to know whether the "improvement" in the market rate for the dinar is the result of a decline in the value of the USD or betterment for the dinar? Likely the former some say. 1 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted February 19, 2018 Report Share Posted February 19, 2018 I'll be excited when the rate moves on Forex... B/A 2 Quote Link to comment Share on other sites More sharing options...
SupraRacer Posted February 20, 2018 Report Share Posted February 20, 2018 23 hours ago, Gypsygirl11 said: Yes, Supra....We are all here just waiting, so might as well enjoy the ride. This person can neg me all they want but when I saw Chuck (the nicest person on here) with negs, then we know we got a nut case (sorry). lol Nut case???? They belong in a padded room in a straight jacket with no light. That is how insane whoever they are is. But I digress. Today is the tomorrow from yesterday that we are one day closer to sipping umbrella drinks and our toes in the sand. SR 4 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted February 20, 2018 Report Share Posted February 20, 2018 3 hours ago, Gypsygirl11 said: I really like the word SOLUTION...that would be nice. Same here. I did see on a news site that the CBI has ruled out a float. 3 Quote Link to comment Share on other sites More sharing options...
SupraRacer Posted February 20, 2018 Report Share Posted February 20, 2018 3 hours ago, Gypsygirl11 said: I really like the word SOLUTION...that would be nice. I like the word DONE and we are living the good life. I got a drink in my hand and my toes in the sand SR 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted February 20, 2018 Report Share Posted February 20, 2018 2 hours ago, bostonangler said: I'll be excited when the rate moves on Forex... B/A That will be the driver for many of us. 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted February 20, 2018 Report Share Posted February 20, 2018 1 minute ago, SupraRacer said: I like the word DONE and we are living the good life. I got a drink in my hand and my toes in the sand SR Man, that sound good. 3 Quote Link to comment Share on other sites More sharing options...
Gypsygirl11 Posted February 20, 2018 Report Share Posted February 20, 2018 1 minute ago, SupraRacer said: I like the word DONE and we are living the good life. I got a drink in my hand and my toes in the sand SR I'm with you....ready for the R and R, that's for sure. I hope our dreams come true...such the dreamer. Gotta start somewhere. Quote 4 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 20, 2018 Author Report Share Posted February 20, 2018 2-19-2018 Newshound Guru Kaperoni Article: "Dollar rates: a slight rise in Baghdad, Erbil and stability in Basra" 1221 to $1. I believe the 2% goal is 1213 to $1 (1184 + 6 dinar CBI commission =1190 x .02 = 1213) 4 Quote Link to comment Share on other sites More sharing options...
newbieDA Posted February 20, 2018 Report Share Posted February 20, 2018 4 minutes ago, DinarThug said: 2-19-2018 Newshound Guru Kaperoni Article: "Dollar rates: a slight rise in Baghdad, Erbil and stability in Basra" 1221 to $1. I believe the 2% goal is 1213 to $1 (1184 + 6 dinar CBI commission =1190 x .02 = 1213) Thanks Thug! Once it hits 1213 IQD Street Rate, we will start counting down 90 days! 2 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 21, 2018 Author Report Share Posted February 21, 2018 (edited) 2-20-2018 Newshound Guru Kaperoni Article: "The recovery of the Iraqi dinar" ... Nasiri is giving props to the CBI for reducing the spread. The IMF continues to guide them towards the finish line ever so slowly... we all would love some sort of RV, but truthfully, it is just not possible. Both monetary policy wise and logistically. But I do agree, Iraq does need to raise the value soon and hopefully that will begin to occur this year. Edited February 21, 2018 by DinarThug 3 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 21, 2018 Author Report Share Posted February 21, 2018 2-21-2018 Intel/Newshound Guru sandyf ...it is almost odds on certainty that the IQD will never float. 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 22, 2018 Author Report Share Posted February 22, 2018 2-21-2018 Newshound Guru Kaperoni Article: "IFC is cooperating with the Iraqi Central Bank to strengthen corporate governance in the banking sector" Quote: "This initiative comes within the framework of IFC's strategy to stimulate private sector growth in Iraq..." ...the IFC is going to drive investment into Iraq and as a result capital through the CBI. Exactly what we want... 1 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 22, 2018 Author Report Share Posted February 22, 2018 21 minutes ago, Botzwana said: SandyF doesn´t even think it will RV. He is definitely ole Rockfish with another name. SandyF Doesn’t Even Sound Very Grateful - Definitely No Relation To SandyFly ... Quote Link to comment Share on other sites More sharing options...
King Bean Posted February 22, 2018 Report Share Posted February 22, 2018 10 hours ago, DinarThug said: SandyF Doesn’t Even Sound Very Grateful - Definitely No Relation To SandyFly ... Where is 'The Thankful One' anyway??? Elope with Snowglobe17 on their ZIM earnings??? 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 22, 2018 Author Report Share Posted February 22, 2018 On 2/21/2018 at 10:38 AM, DinarThug said: The dollar is blowing in Iraq 2018/2/21 10:14 Foreign exchange markets in Baghdad, on Wednesday morning, a significant decline in the exchange rate of the dollar against the Iraqi dinar. The market price in the Kifah Exchange in Baghdad was 1220 dinars per dollar, or 122 thousand dinars for one hundred dollars. The prices of selling and buying dollars in banking companies were: The selling price of one dollar 1225 dinars, or 122 thousand and 500 dinars, for one hundred dollars. And the purchase price of the dollar is 1215 dinars, or 121 thousand and 500 dinars, for one hundred dollars. Foreign Exchange Rates: EUR World Price: 100 Euro = 123.23 GBP The World Price: 100 Bounds = 139.85 $ The Turkish Lira The International Price: $ 100 = 379.15 Turkish Lira. 2-22-2018 Newshound/Intel Guru BGG Article: "URGENT The dollar is blowing in Iraq" Quotes "Foreign exchange markets in Baghdad, on Wednesday morning, a significant decline in the exchange rate of the dollar against the Iraqi dinar."; "The selling price of one dollar 1225 dinars, or 122 thousand and 500 dinars, for one hundred dollars. And the purchase price of the dollar is 1215 dinars, or 121 thousand and 500 dinars, for one hundred dollars." ...this is good news. The Dinar is getting stronger. It is harder to get (over here), the price is going up and the exchange rate is better over there (for us). None of this is bad. It is all good. 2 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 23, 2018 Author Report Share Posted February 23, 2018 2-22-2018 Newshound Guru Kaperoni [I read that the Official Rate is 1180.] ... the CBI auction post under CBI news states the price at 1182. ... market forces (interbank) are minimal at this point plus the CBI has pegged to the dollar. ... that is why the CBI cannot stay pegged once in compliance. The CBI needs to move to a different exchange rate regime (some type of float) which would allow flexibility to adjust the value of the dinar based on economic pressure (this is known as discovery) created by investment. ... I think its key to understand why they CBI must move off the peg before investment begins... "Adopting a flexible exchange rate before liberalizing the capital account enables a country to absorb capital account shocks at lower cost to the real economy than under a fixed exchange rate. By contrast, liberalizing the capital account first can help offset temporary current account shocks, expand the range of instruments available for risk management, and deepen the foreign exchange market." 1 Quote Link to comment Share on other sites More sharing options...
SupraRacer Posted February 23, 2018 Report Share Posted February 23, 2018 29 minutes ago, DinarThug said: liberalizing the capital account first Can you just RV already and liberalize my capital account first?? And liberalize the capital account for everyone here on dinarvets. SR Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.