futuredinarM

I'm actually confused.... Is it a good sign or bad sign..??? Could someone explain please.....

Announcement No. (1891) The latest daily currency auction was held in the Central Bank of Iraq on the 8-MAY-2011. The results were as follows: Details Notes Number of banks 12 Auction price selling dinar / US$ 1170 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 88,324,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 88,324,000 Total offers for selling (US$) ----- the auction goes up again over 50M.....

Yeah... I've missed that! Was is a good sign or bad sign????? I'm pretty sure it is so far...!

Wow !!!! :blink: This auction looks REALLY REALLY low !!!! Can't believe my eyes!! :blink:

My status just changed from Newbies to Member due to the excitement !!!

Hahahaha... yeah man. Wake that dude up! Really need to know what he will say about this! I also never post a topic in here but getting really excited when I open CBI website! Go RV !!!!

I'm no expert in this but maybe, just MAYBE.. CBI start cutting their supply of their money they sold to banks.. Which means it has start to actually stops auctioning the money & when that happen.. it will RV !!! The number of banks also had declined since yesterday..... Peace & Pray, man!!

Announcement No. (1884) The latest daily currency auction was held in the Central Bank of Iraq on the 26-APR-2011. The results were as follows: Details Notes Number of banks 6 Auction price selling dinar / US$ 1170 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 17,038,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 17,038,000 Total offers for selling (US$) ----- Normal??? Auction

Thanks, man. Hope they give us enough time to cash in... Peace! Really hope it was a good news!

Really, man?? Damn, I thought I have a strategy.. .If it works, than maybe I will fly to Iraq.. fully equipped! Ooowh... all denoms including the IQD50 that currently in circulation, right?? Ok... that seems bad. Though I really hope it will not LOP. One of my friends call his buddy in Iraq who works as Money changer. He tells him that most probably they will RV first, than they will change to lower denoms...can't verify the legitimate of the source though..

Hi everyone... If LOP is the case, should I exchange my IQD25K notes to lower notes, now?? And where should I do this??? Do I have to go to Iraq?? Or should I open an account in some banks & deposit all in it? And which bank (in Iraq / other places)???? And when the time come, all my deposit will be the same, right?? Let say I open an account with IQD2 million in it.. Or they just delete 3 zeros from my account too & suddenly my account balance is IQD2000?? Really confused right now... :blink:

Are you sure, man?? Coz some says that if they do RV, lower notes will be printed & larger will no longer can be used to exchange to dollars (maybe there will be a time period to eliminate those larger notes).. By logic, I think its quite true though. Let say they RV 1IQD=1USD, in their country, if someone wants to buy pencil worth IQD 0.50 & handover IQD25K, that seller needs quite a lot of change, man! One more thing, they delete the zeros from the currency right? Not the rates, right?? Correct me if I'm wrong...

Hi everyone... I'm like most people in this forum holds a few IQD notes. And all I have was the IQD25K notes.. There's a news telling that CBI processing to drop those 3 zeros & print out a lower denoms.. My question is... where can I find a place for me to exchange my IQD25K notes to lower notes?? Do I have to go to Iraq to do this?? Or should I open an account in some banks & deposit all in it? I really needed a return on this investment no matter it RV/RI high/low.... just a return with a little profit is enough. Could somebody in DV tells me what should I do? Really appreciate if you guys could give me some answer! The news source that I got..

Thanks a lot everyone! That's surely clear things up... its only a matter of 'time'.. Cheers!!

Hi everyone... newbies here. I just went to http://cbi.iq to look st the currency auction. Was it normal they didn't update the status since 31 March 2011? I know that Iraq public holiday was on Friday & Saturday..but is it normal or they are working something on..? Sorry to ask u guys this stupid question...hope u dont mind...