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sadman

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Everything posted by sadman

  1. Sounds like pumping the dealers !!!
  2. So if there is no liguidity in Iraq then how the heck is there 100million IQD in one place at one time ???
  3. Not a Pat's fan but one simple question is that if the league checked and found 11 of 12 balls under inflated my question would be, didn't both teams play with the same 11 under inflated balls ???
  4. Well it coincides with both the CBI and Forex being down at the same time if the CBI does not open and hold auctions on Saturday or Sunday again. It also allows them to go into EID on Monday shut down ! JMO
  5. So does ANYONE ask why they did this? In the past 4 1/2 years I have never seen the post ADVANCED auctions one day ahead of time. Then on Thursday they post 2 ADVANCED auctions for 2 and 3 days ahead of time !!!!!!!!! Makes me go HHHHmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm !!!
  6. Since when is thursday a religous holiday for them. EID starts on 7/28 in the evening and goes for 3 days ! What religous holiday is 7/24 ???
  7. Not sure that I agree 100% with many things the liberal media is spouting off. A local bank branch in a secure country like the USA would carry at the most $100,000 - $150,000 USD CASH. With that said for ISIS to steal $400,000,000 USD or $480,000,000,000 IQD there would have to be 4,000 banks in Mosul to be stolen from! They don't have that many banks branches in all of Iraq. Also, when Iraq invaded Kuwait they went after the OIL !!!! You want to make a statement you go after their bread and butter and so far they have not destroyed any oil fields.
  8. So the question is: when a guru uses the code of IQN or VNN are they really talking about a current currency or are they talking about a made up currency that keeps them from getting sued ? If you are talking about a non-existing currency that will revalue soon then is it real or a conspiracy theory and since you are talking about something that does not currently exist then how can you be responsible for false information given on these web sites?
  9. I've known this as a Modified Endowment Contract or a MEC ! You can also use a VUL Variable Universal Life contract that can keep it from becoming a MEC and save you taxes.
  10. $87,000 to 1 (25k note) would be $3.49 which would be more palatable. Could that be the case ?
  11. According to the UN Operational Rates website in August 2013 over 150 countries adjusted their rates and again in September 2013 100 countries of which most of them had already adjusted their rates in August. This was unprecedented !!! Call it revalue, reset and/or adjustment, it looks like they are making adjustments most of which were very minor but it did happen.
  12. The announcement has not been a readable translation yet ! The auctions are daily saturday through thursday and today they posted the auction and somehow they went "back to the future" and posted an auction for Oct 17,2013. How can that be ?
  13. 15th October Eid Al-Adha Feast of Sacrifice 16th October Eid Al-Adha (2nd Day) 17th October Eid Al-Adha (3rd Day) What happens to the 15 and 16 of October then ?
  14. First time I have ever seen them report the existing days auction(2500) and then the on the same page report the next announcement (2501) as being the auction held for 17- Oct-2013 Currency Auctions Announcement No. (2500) The latest daily currency auction was held in the Central Bank of Iraq on the10-Oct-2013 . The results were as follows: DETAILS NOTES Number of banks 21 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 178,224,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 178,224,000 Total offers for selling (US$) ----- Announcement No. (2501) The latest daily currency auction was held in the Central Bank of Iraq on the17-Oct-2013 and who carried on 10-Oct-2013. The results were as follows: DETAILS NOTES Number of banks 13 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 115,900,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 115,900,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  15. Currency Auctions Announcement No. (2500) The latest daily currency auction was held in the Central Bank of Iraq on the10-Oct-2013 . The results were as follows: DETAILS NOTES Number of banks 21 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 178,224,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 178,224,000 Total offers for selling (US$) ----- First time of have ever seen them report the existing days auction(2500) and then the on the same page report the next announcement (2501) as being the auction held for 17- Oct-2013 Announcement No. (2501)The latest daily currency auction was held in the Central Bank of Iraq on the17-Oct-2013 and who carried on 10-Oct-2013. The results were as follows: DETAILS NOTES Number of banks 13 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 115,900,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 115,900,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets
  16. Keepm, I'm not on the guru's side and agree that the rates they are spouting are outrageous. You are missing the point in that many countries UN Operational rates had not changed for many years and then 100+ of them have changed twice in the past 2 months which is unheard of. Yes they change daily on the trading sites but not on the UN site!!! They guru's have spun that to their advantage. Also the following advises that the dinar devalued from sanctions over 2 decades prior to 2003 invasion.
  17. Been here for 3 plus years but have kept quiet. The BASHERS should start their own site and leave everyone else alone !
  18. Easy, I don't understand WHY negative people spend time hanging out where they don't want to be! He probably cashed in $250,000 IQD so he could buy a tank of gas for his moped !
  19. Since you know so much ! United Nations Treasury - The United Nations Operational Rates of Exchange DisclaimerThe Operational Rates of Exchange listed herein are intended only for the internal record-keeping of the United Nations. No warranty of accuracy can be given and the United Nations shall not assume any responsibility in connection with the present publication of these rates. Generally, the rates are updated monthly, based on market conditions. Adjustments are also made following official government devaluations or revaluations. The national currency of Cuba is Cuban Peso (CUP) and our system shows only CUP for Cuba. The convertible peso (CUC) is used by foreigners and tourists in Cuba. The operational rate of exchange for CUC is 0.99 since 1 Apr 2011. Schedule of UN Operational Rates of ExchangeThe Operational Rates of Exchange were last updated for the effective date of 01 Sep 2013 and thereafter until further notice. This is directly off the UN Operational rates site ! These are the official rates and just not the daily rate changes against other currencies ! I did not say that the currencies were going to RESET in any MAJOR way. I did say that according to this site over 100 currencies made minor adjustments that we have not seen in many years and as keepm would say DECADES ! Sorry keep you are wrong! These adjustments are internal record keeping and YES this is UN-ORDINARY since prior to the past two(2) months it would have been bi-monthly, monthly quarterly or even yearly to see even ONE (1) currency adjusted on the OFFICIAL site. Yes they make minor adjustments many times per day on the trading sites but NOT on the OFFICIAL site like we have seen the past 2 months. I do agree that the guru's are playing this up big as usual since they have nothing else to dish out. You must admit that since we have not seen even a portion of these OFFICIAL adjustments in decades that something is definitely up, whether minor or not there is adjustments being made on the OFFICIAL site !
  20. check the UN Operational rates of Exchange. For many years the POSTED rates of over 200 countries each moved once every 10-20 years on average some had not moved for 20 plus years(posted on the UN Operational Rates of Exchange). Then last month 150 of the 200+ countries posted NEW UN Operational Rates of Exchange with most of them being minor pipps and un-noticeable. Then again on Sept 1 2013 approx 100 of those very same currencies posted once again NEW UN Operational Rates of Exchange with once again MINOR adjustments(pipps) but yes there were still adjustments. You could say that this is the Global Reset of Currencies and that many currencies are adjusting even if it is minor adjustments. http://treasury.un.org/operationalrates/OperationalRates.aspx
  21. 1980 1982 It remained at this level until the outbreak of the Iran-Iraq War in 1980. appreciated to US$3.39. In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation despite mounting debt. 1988 In early 1988, the official dinar-dollar exchange rate was still Iraqi dinar (ID)1 to US$3.22; however, with estimates of the nation´s inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar´s real transaction value, or black market exchange rate, was far lower-only about half the 1986 official rate. 1986-2003 1986–2003 between .33 cents to 1.32 to a dollar. 2001 Oil-production: 2.452 million bbl/day (2001 est.); note — production was disrupted as a result of the March-April 2003 war (2001 est.) 2002 GDP: purchasing power parity — $58 billion (2002 est.) 2002 Exports–partners:US 40.9%, Canada 8.2%, France 8.2%, Jordan 7.5%, Netherlands 6.4%, Italy 5.4%, Morocco 4.7%, Spain 4.4% (2002) 2003 In october 2003, the official Dinar-dollar exchange rate was ID1 to US$0.00027. 2004-2005 August 2004 till 2005, the official dinar-dollar exchange rate is ID1 to US$0.00068. Population: 25,374,691 (July 2004 est.) 2006 As of Jan 1st 2006, the official Iraqi dinar-US dollar exchange rate is ID1 to US$$0.00067. Not sure that is decades Keepm !!!
  22. That is approx. $222 billion of gold according to your $7.5 million per ton. Supposedly they have 4 times more than that hidden away in the deep caves in Iraq.
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