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CBI Update


Gooserider67
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So. Humans are to conclude. This is the New IMF programmed Rate. The CBI is testing electronic systems. The IMF was seeking reaction to a subtle rate change. We continue to see increases randomly. Pick one. Or More. Or None.

At least we see they know how to raise the IQD; I was starting to believe they didn't know where the button was... Hit the RV button and let's get happy..

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Thanks 40oz tried for 10 minutes to do that... It may only be $4. but tomorrow may be down a $1000... pull out the rally caps and keep everything crossed, not sure how long it will take to get where we are going but at least it's moving....GO RV...

Thanks for posting. It actually was 1166 yesterday too but the indicative rate page wasnt updated for the 17th. Yesterday's auction was also at 1166. It's at least a change. Thanks again

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So. Humans are to conclude. This is the New IMF programmed Rate. The CBI is testing electronic systems. The IMF was seeking reaction to a subtle rate change. We continue to see increases randomly. Pick one. Or More. Or None.

Do you think this is a set rate or do you think they may let it ride the market value? I guess we will know the answer in the next few days.

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Do you think this is a set rate or do you think they may let it ride the market value? I guess we will know the answer in the next few days.

Its all about the "shake" of the market value. Picture a soda can...it shakes a little. Shake it a little more and eventually it will explode.

I understand that sometimes it takes years to see a change...3 years in fact. But times are different in Iraq. Its at the brink of something.

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Its all about the "shake" of the market value. Picture a soda can...it shakes a little. Shake it a little more and eventually it will explode.

I understand that sometimes it takes years to see a change...3 years in fact. But times are different in Iraq. Its at the brink of something.

Good morning my red headed friend from the north east........hey Redsand it is interesting that the Buy rate has not changed or has it?

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Good morning my red headed friend from the north east........hey Redsand it is interesting that the Buy rate has not changed or has it?

Good morning Stryker! Im thinking its not a glitch after atleast 10 hours from the auction results so its looking good. While its about $4 difference, its a FLOATING sign of something good to come. Unless its not a glitch of some sort, the buy rate has changed. Interesting indeed.

IRAQ HAS LEFT A FLOATER AND ITS STARTING TO SINK. (and stink) :lol:

Ill now be watching this more often since Im starting a landscaping business and I need to get my legal affairs in order with a lot of paperwork here in Connecticut. I've been reading a lot of you and everyone else's deciphering. Haven't been able to chime in much.

*** Everything is more difficult up here it seems trying to start a small business. But now I get to watch the computers a little more until the grass starts to grow.

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Good morning Stryker! Im thinking its not a glitch after atleast 10 hours from the auction results so its looking good. While its about $4 difference, its a FLOATING sign of something good to come. Unless its not a glitch of some sort, the buy rate has changed. Interesting indeed.

IRAQ HAS LEFT A FLOATER AND ITS STARTING TO SINK. (and stink) :lol:

Ill now be watching this more often since Im starting a landscaping business and I need to get my legal affairs in order with a lot of paperwork here in Connecticut. I've been reading a lot of you and everyone else's deciphering. Haven't been able to chime in much.

*** Everything is more difficult up here it seems trying to start a small business. But now I get to watch the computers a little more until the grass starts to grow.

I agree, if it was a glitch it would have been corrected by now. Good luck one your new endeavor, wish you all the best. I have several friends in that business, one is in Boston and during the winter they keep busy doing snow removal. I go there once a year for a week in the summer and we travel somewhere different every time and spend that week playing some of the nicest golf courses, places like Main, the Cape and Vermont. We have spent time at Mohican Sun casino and yes lost money but we had a good time doing it.

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I agree, if it was a glitch it would have been corrected by now. Good luck one your new endeavor, wish you all the best. I have several friends in that business, one is in Boston and during the winter they keep busy doing snow removal. I go there once a year for a week in the summer and we travel somewhere different every time and spend that week playing some of the nicest golf courses, places like Main, the Cape and Vermont. We have spent time at Mohican Sun casino and yes lost money but we had a good time doing it.

Next time you go, let me know! Im only 30 minutes away from Mohegan...we'll play with our RV money.

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Might be posted.

I don't know how to read this stuff. I

Must of missed that day of school, Not that i ever skipped school.

I Have not seen this update from 17/1/2012 on DV .

Whats the difference of this CBI auction with the Currency auctions.

CBI Auctions

The Central Bank of Iraq issues CBI bills and has adopted a mechanism that will be applied periodically. The results will be announced at 11 am after the closing time of the auction which is at 10 am.

Announcement Number (C50) 17-Jan-2012

The auction No. C50 for Central Bank of Iraq bills based on a uniform price auction for IQD 150'000'000'000 par value was concluded on the 17-1-2012.

The total public bidding is IQD 184'500'000'000 and the cut-off yield (the highest yield of the successful bidder) determined by the auction was 5.90%.

Details (amount in Iraqi Dinars)

Notes

Securities Offered

Discount

Total Offerings

150'000'000'000

Total Public Bidding

184'500'000'000

Pricing

Uniform

Term of Security (days)

91

Settlement Date

18-1-2012

Maturity Date

18-4-2012

Competitive Bidders

7

Winning Bidder

6

Total Valid Competitive Bids

184'500'000'000

Total competitive Bids Awarded

150'020'000'000

Range of Yields for Valid Competitive Bids

[4.00%-7.50%]

Cutoff Yield (%)

5.90

Bids Received as % of Amount Offered

123.00

Details of the auctions

http://www.cbi.iq/index.php?pid=CbiAuctions

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Next time you go, let me know! Im only 30 minutes away from Mohegan...we'll play with our RV money.

I knew I spelt that wrong, you got it but I hope to see you in Vegas first to spend some of that RV dough..

Wow i need to go back to school...sorry..

Edited by Stryker365
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I think the IQD is just reflecting changes in the USD. Is this really significant?

JMHO

No. The dollar is spiking - up. Therefore, the IQD becomes more valuable When a change takes place, it will not be "gradual", it will hit like a tsunamai. An RV is exactly that: a revaluation. It is not a sliding rate, it is not growing into an RV.

Look for a tsunamai, and then hold on, because the rumble will knock you off your feet.

Damn thought I was doing my do diligents.. I wasn't up late last night like I will be for the next couple but hopefully It will begin to move in our favor...I checked the Emirates NBD bank currency exchange rate board and saw the IQD buying @ 1184.83 and selling @ 1158.35 to the USD... so things are happening...GO RV...

Thank you for your post and your due diligence. We are all very excited and looking for clues.

Edited by Carrello
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easyrider the reason for the small change in my opinion is because the U.S dollar is flooding the iraqi markets right now and its putting the dinar stability in jeopardy. This is just temperary folks nothing to be concerned about to counter what is going on with the recent action with the U.s dollar nothing more. Of course we wil all know the true rate when they actually implement the new budget.

Read more: http://dinarvets.com/forums/index.php?/topic/100764-cbi-website-update-180112-small-change/#ixzz1joxujG4j

If the dinar instability was in jeopardy, wouldn't it gone the other direction.

this is way the cbi can re buy back usd with iqd and put the dinar back on the streets with maybe the release of lower denoms.

Maybe?

Just thinking out loud..

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easyrider the reason for the small change in my opinion is because the U.S dollar is flooding the iraqi markets right now and its putting the dinar stability in jeopardy. This is just temperary folks nothing to be concerned about to counter what is going on with the recent action with the U.s dollar nothing more. Of course we wil all know the true rate when they actually implement the new budget.

Read more: http://dinarvets.com/forums/index.php?/topic/100764-cbi-website-update-180112-small-change/#ixzz1joxujG4j

If the dinar instability was in jeopardy, wouldn't it gone the other direction.

this is way the cbi can re buy back usd with iqd and put the dinar back on the streets with maybe the release of lower denoms.

Maybe?

Just thinking out loud..

Yes, it would go in the other direction. If anything becomes unstable, it does not become more valuable.

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The cbi website has been updated with small increase sell 1166 buy 1164.

why such a small change?

Bring on the true RV stop playing and get er done. http://www.cbi.iq/

I also saw this change at 5:30 AM in my time zone when I checked CBI site. I was not impressed and just exhaled. We are not there yet but things are changing. I know certainly that this will not be our revaluation exchange rate however someone over there is an expert in throwing up the veils of secrecy. I find it interesting that CBI is publicly teasing the world especially right now

God Bless America!. :huh:

Edited by Jac
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Do you think this is a set rate or do you think they may let it ride the market value? I guess we will know the answer in the next few days.

Seems more of a test then anything else. On more than one front. 4 Pips hardly worth while. Although significant in some ways. We wait. Then Pounce. Like Tigger. TTFN.

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