Catluver67

I used to wonder this same thing!!! Someone posted something one time that made a lot of sense to me on this issue. I'll try my best to parrot it successfully... The CBI knows how many notes they printed...they also have a pretty good idea how many have been removed from circulation...as well as how many are held outside of Iraq. Whether the notes are held by the currency dealers we order from or whether we hold them is irrelevant...they exist regardless of where they are or who holds them. Therefore, if 10,000 people put in orders they are all still getting a part of what has already been printed...they are not printing new notes when we make an order. That make any sense at all?? It clicked for me but I feel I probably didn't explain it very well.

"the Economic Committee in the House of Representatives and the executive branch are working on activating economic sectors in the field of industry, trade, agriculture and tourism to raise the strength of the dinar against the dollar." Well do it already!! : ) Nice article. Thanks Social!

Wonder what happen to the one that was supposed to happen at the beginning of the month?? : / Mulla said, "We expect to have a meeting of the country's political leaders beginning of the holy month of Ramadan for the purpose of signing the Charter of Honour". http://dinarvets.com/forums/index.php?/topic/151746-presidency-of-the-republic-of-iraq-launches-a-meeting-of-the-leaders-of-the-country-the-beginning-of-ramadan/

Agreed

Awesome!!! I'm gonna run to my WF branch and sit in the parking lot till it's live for us!!! So excited!!!

I don't see Shabs as ever coming back officially. I think he may consult and advise for afar but I think Turki will continue to run the show. Turki seems to have made a place and a name for himself and I don't see him going anywhere. Just wish whoever had the power to push the button would DO IT!! : )

Totally agree WM13! You nailed it!

I believe it starts the 9th...I have heard the 8th but my calendar shows the 9th...last about a month...

Haha! Mine too! ...should have seen my face when I read your post... : P

Lol! Nice one Zig! I figured you were being funny, but didn't want to leave ya hanging if not!!! I felt bad having to explain it like I was corrupting you or something!!!

You got all but the 'F'...little different F word : P

Lmfao...didn't mean to get you all riled up was just trying to spread some knowledge as I understand it. I'll drop the debate...it's def not worth our time. We clearly both have very different understandings of the auctions. Lets just hope none of it matters before to long! Go RV! : )

Might want to read here. People that have been in it much longer and are much more knowledgeable about the auctions than me have broken it down pretty good here. http://dinarvets.com/forums/index.php?/topic/78776-open-market-operations-aka-currency-auctions/

Interesting...

The CBI uses the auctions to suck up the dinar off the streets, thus removing it from circulation. Iraqis sell their dinar for USD. If there was confidence in the dinar or the expectation that it was going to dramatically appreciate Iraqis would be holding onto it not selling it to the banks to get USD. I expected them to hang onto it after chpt 7 in expectation of gaining more value. JMO

I totally expected these to plummet...I thought they would start to hoard their dinar after chpt 7 release...seemed like they did for the first couple days and now they are right back up there. Strange...not what I expected...

That's the last update I remember on them as well...

Me too!!! I'm feeling really good about this week! Lets hope it turns out to be our week! : )

They come back Tuesday the 2nd

I agree 100%...def talking official CBI rate and not market rate IMO

Awesome news!

Down for me too. Was back up for a little bit but now down again. They prob just take it down and sit over there and laugh at us...it's their Saturday night entertainment! Lol! I do think it's very interesting it's tonight tho...I don't check it often so not sure if its down a lot or not. Fingers crossed there's something to it!!

Wow that's much lower than it has been for a while now. I see these continuing to drop substantially. People are going to start hoarding it especially if they keep putting out articles like they did yesterday. I think this is good news for us.

I get that it's talking about the market rate on one hand, but also talking about the official rate on the other. "...raising the exchange rate against foreign currencies." That's official rate not market rate...IMO

Love it! You're awesome Yota! The best there is!