Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Dinar Buddy

Members
  • Posts

    1,251
  • Joined

  • Last visited

Everything posted by Dinar Buddy

  1. Proof by the Iraqi Economists Network states the CBI Auctions are for OIL sales. The auctions has noting to do with pulling IQD's or USD's off the street. Central Bank’s foreign exchange auction Let us note, first, that in spite of what is termed ‘auction’, Iraq, like most oil exporting countries in the region, has been following fixed-exchange-rate arrangement (to US$) since the beginning of 2009. Furthermore, let us refer to auction rate of exchange as ‘official’ rate to distinguish it from ‘market’ rate; which is used by banks and money exchangers. Link: http://iraqieconomists.net/en/2013/02/24/foreign-exchange-auction-international-reserves-and-central-bank-independence-in-iraq-by-ali-merza/
  2. The Central Bank of Iraq "Auctions" are not buying USD's or IQD's off the street. These daily auctions are solely set up the sale so oil to surrounding countries that do not participate in the petro program through the UST department. Do not let the GURU give false info or hope that the auctions are for the removal of currency. Here is how the process works. Iraq sets a price for oil is barrels, but the term barrel is then purchased in tons. There are 13 barrels of oil in every ton of finished oil. Currently Iraq has a price of 6.24 per barrel... again they sell in tons. So 1 ton of oil is equal to 13 barrels, and at a price of $6.24 USD that equals $81.12 USD's for a single ton of oil (global use of the barrel is equal to 13 barrels, or one ton of finish product). The CBI everyday auction is required to receive only USD's for the oil, hence the daily auction, is actually an ENERGY AUCTION. Let do the math. For an example is the CBI traded today $150,000,000 USD's that means they received cash "USD's for oil sold. The oil sold for the day was 1.8 million barrels (tons) at $81.12. Do the math and will see that $81.12 divided into $150,000,000 USD's is 1.8 million barrels (tons) of oil. I am posting a link to show bits of the info you can reach to find the same solution. Link: http://oilprice.com/Energy/Crude-Oil/Carving-Up-Iraq-Barrel-by-Barrel.html Understand what the auction is, and how it works.
  3. The auction are tracking USD's received by local countries in the region that buy oil from Iraq. These countries do not participate in the petro dollar program managed by the US treasury for all oil purchases. The auction means zero to a possible RV... The gurus having us believe these are actual buying and selling of the dinar... Do you homework. Turn off you computer and come back in 30 days... Less stress and we will still be here.
  4. THIS BEATING WAS CRIME. 3 on 1 or 1 on 1 is not right. Assault and battery minimum for the thugs... this is our future.
  5. There is mis-leading information and understanding of the CBI daily auctions. There are two main purposes of the auction. One is personal transactions of individual government employees or groups within the government that need bills paid on behalf of the government... Travel, events, expenses. All less than 1/2 percent of the daily transactions. The rest of the auction process is 99.% around oil sales. Surrounding countries in the region that purchase oil outside the petro-dollar agreements are required to pay in USD's. All oil sales are tracked through the CBI under the heading AUCTION. So daily posting of the CBI auction really don't matter to as we are not selling or buying oil! Darn... I thought the auctions actually meant something : (
  6. Possum - Are you also known as Oakie Doakie... no wait TerryK, no wait Poppy3. You guys are becoming a funny circus.
  7. GURUS are focusing new IQD sales to NEWBIES that don't have a clue... The rest of that are here are already leveraged and can't back out.
  8. A Facebook proves nothing. Even the CBI is managed by a person or company in the US...interesting. Look at be website again and find zero phone number to call... Any business that deals in media would have a phone number. The phone number on file for the website places the company in Canada. Oneiraqidinar pumps dinar yes or no is the question.
  9. It there was a civil war or civil actions it would be a loud to grow, and fought by local police services. Once groups and leaders of groups could be targeted the military would be applied... Bring them in from all areas of the country. All of them would do their jobs as directed. That is how is goes now.
  10. Ok... To prove a point. This company is located in Canada. https://maps.gstatic.com/m/streetview/?panoid=kgnNTiA9bUv3N3hgPvyA5g&cbp=0,292.44275336825274,,0,0 Look at the location and tell us all it is a media / news company.... It is not!
  11. Bogus news... This is a guru site pump dinar! Not real news
  12. POPPY3 is a flat-out liar. Another GURU just pouring out crap. Criminal in his or her actions. We need to stop they GURU's as they making this whole thing feel like a scam!
  13. This criminal. People are being lied too... guru that pump the people for profit, and do not disclose that could be considered scam... I have had friend over buy IQD and had to final for bankruptcy. CRIMINAL!
  14. There is plenty of currency... our traders here in the US have a surplus of IQD's to prove it.
  15. This song is a sad one... We wait till 2015.
  16. The other sites are 100% professional... they pump and sell dinar for a living. They really don't care if this ever RV's. Do the math (for every 1 million IQD they make about $150 USD's. 600,000 speculators have bought IQD... over 10,000,000 in profits. OUCH!
  17. Everyone drop you huka... O'wait... never mind nothing happened.
  18. WOW... seems like nothing here. This happens all the time. Everyone relax
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.