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Banks stocking up on Dinar


arborboss
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Found this on another web page. Maybe just maybe. Come on RV! Keep in mind this is just another GURU.

1-2-2013 Intel Guru Winalot CBI Article: "C 2012 auction No. 74/12 / approved the Central Bank of Iraq on 18 Central Bank transfers for (91) Ninety-one days of $ (200) billion Iraqi dinars (two hundred billion Iraqi dinars) have been sold (90) billion dinars (ninety Billion Iraqi dinars) issue of the amount as the price discount (5.30%) and the number of Participating banks (4) banks (four banks) won Basdaria. 2012/12 / Baghdad 30" there is the translation...they sold 200 billion dinar! not dollar! why would they be selling dinar to the banks??? looks like they are stocking the banks to trade dinar for dollar... i think it is excellent news... especially since they hid it! it is only on the arabic side...under announcements...not on the auction page.

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Why would people in Iraq be rushing to the banks to unload dollars after an RV when we would be rushing to the banks to unload Dinar? They would more likely be grouching about their worthless dollars and planning to hold them until they went back up! Which would be real soon after we flooded the market with trillions of dinar! :)

You've got to remember that if Iraqi's hold dollars after an RV, they just lost a poopload of money!

Edited by RVPleaseToday
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When the banks needs USD, they buy them through the auction from the CBI, and when the banks need dinar, they also can purchase them through the CBI....

Its a balancing act for the banks under the CBI.....

Thank you for ALWAYS reminding us about the "balancing act".

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http://cbi.iq/docume...030-12-2012.pdf

this is the link for Jannet's post.

_________________________________________________________________________________________

Arabic (news & announcements) side translated ;

Iraq's Central Bank approved on 12.18.2012 auction (C74) for the sale of central bank remittances for (91) days.

12/30/2012

Statement

For the sale of C 2012 auction No. 74/12 / approved the Central Bank of Iraq on 18

Central Bank transfers for (91) Ninety-one days of $ (200) billion

Iraqi dinars (two hundred billion Iraqi dinars) have been sold (90) billion dinars (ninety

Billion Iraqi dinars) issue of the amount as the price discount (5.30%) and the number of

Participating banks (4) banks (four banks) won Basdaria.

CBI

2012/12 / Baghdad 30

English Side under

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.

Cancel Announcement Number (C71)

Please note that the action of C.B.I Bills no (C71) date 06/11/2012 did not achieved .

Announcement Number (C74 ) 18-Dec-2012

The auction No. C74 for Central Bank of Iraq bills based on a uniform price auction for IQD 200'000'000'000 par value for the bills concluded on 18-12-2012.

The total public bidding is IQD 90'000'000'000 and the cut-off yield (the highest yield of the successful bidder) determined by the auction was 5.30%.

Details (amount in Iraqi Dinars) Notes

Securities Offered Discount

Total Offerings 200'000'000'000

Total Public Bidding 90'000'000'000

Pricing Uniform

Term of Security (days) 91

Settlement Date 19-12-2012

Maturity Date 20-03-2013

Competitive Bidders 4

Winning Bidder 4

Total Valid Competitive Bids 90'000'000'000

Total competitive Bids Awarded 90'000'000'000

Range of Yields for Valid Competitive Bids [4.10%-5.30%]

Cutoff Yield (%) 5.30

Bids Received as % of Amount Offered 45.00 http://www.cbi.iq/index.php?pid=CbiAuctions

Edited by Alexyn1006
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When the banks needs USD, they buy them through the auction from the CBI, and when the banks need dinar, they also can purchase them through the CBI....

Its a balancing act for the banks under the CBI.....

Hey Keep....I gave you a plus, and wish I could do more, but I, and a lot of members appreciate your input! While I do not always agree with you on somethings, you are a very important part of this site! Everyone's opinion here, and we all have one, are important, and you are a very knowledgeable source!

Soon, this will end....oppps.....Eventually, this will end, and we will all know who was on the right track, so until then, negging people for their opinions, is really not worthwhile.

Thanks Keep.....Go RV!!!

:D:D:D

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http://www.cbi.iq/do...nts/CBI2013.pdf

gregp: this is the announcement for: 2013/1 /2 list of applicants for the contract with the Central Bank of the interview on Monday, 14

T. Name

1 visions Ali Salman

2 Mohammed Abdali rich

3 prayer Anwar Kazim

4 Sھa Jaafar Kadhim

5 Mھamn Ali swore allegiance

6 Zainab ÚČćĎí grace

7 Isra Faisal Mھda

8 Reem sentenced Abdul

9 nights Karim Shaker

10 Muhammad Hamza Ali

11 Hھd beauty Abdalarza

12 Marwa sentenced Hamid

13 Nasrah Salem Abdul Karim

14 description ھaitham Ali

15 Sunshine Khazaal Ibraھam

16 facilitate Ghraib Khudair

17 Noor ھashim Jafar

Ammar Adel Ahmed 18

19 Mustafa ھashim Adnan

20 Issam Bilal Younis

21 Ghaith certain Uday

22 Hamza ھada Hrvh

23 Hossam Riad Abdul Razzaq

24 Muthana Zھar Sabri

25 Isra Raad Salman

26 Moneim Mustafa Abdel Moneim

Abbas Kadhim demanded 27

28 Ali Kazim Juhi

29 Mohammed Farhan Ahmed

30 Hھd Ali Nasr

2013/1 / list of applicants for the contract with the Central Bank of the interview on Sunday 13

T. Name

1 Abeer Hamid Rashid

2 Jinan Jassim Al-Sayed

3 Yusuf Akram Sabri

4 Hussam Rahim Hassoun

5 Sarah Kareem Raheem

6 Naھa Awad Globe

7 Ahmed Ali Mھda

8 Mھa Jamil Mohammed

9 Iman Jawad Kadhim

10 Nour Abdul-Karim Abbas

11 Samara Salim Khaled

12 Isra Ali Mohamed

13 Isra Karim Hamad

14 Noor morning Ibraھam

15 Nabil Ismail Ahmed

16 Hatem Hatem student

17 Ammar Mھnd Yassin

18 our behalf Hamid

19 Ahmed Qusai Hammoud

20 Yusuf glorious Happy

21 Khaldoun Hassan Abdel

22 Omar Ethel Adnan

23 Bassam Saeed Abbas

24 Saba Salam Hussein

25 Samir Fawzi charity

26 Ahmed Taleb Shani

Nisreen Mohammad Qasim 27

28 Visions Nabil Shaker

29 Mustafa Mohammed Abbas

30 Yasser Kassem Jaber

2013/1 / list of applicants for the contract with the Central Bank of the interview on Wednesday 16

T. Name

1 Npras Jassim Hassan

2 Joseph Jabar Abbas

3 Alia Yassin Fadel

4 Mھa Sebti Khudair

5 Rabab Hussein Majeed

6 Nour Khaled Khalil

7 Saja Razak Mutashar

8 Ahmed Rahman Karim

9 Mary Raad Jassim

10 Mazen spokesman Abdul Latif

11 Jafar Nabil Mohammed

12 visions Net Abdel God

13 Hussein Abdul Rashid Hussain

14 ÇÓĘČŃŢ Zaki Yahya

15 Marwa Mostafa Ahmed

16 Osama Zia Samir

17 Haider Zھrao Cnichl

18 Sama Saad Abdel

19 Salah Riad Saleh

20 Sahar Issa Hammoud

21 Dalia Munther Luxury

Ahmed Abdul Salam, 22, Hamid

Iman Ali Hussein 23

24 Hھd Thaer Ghalib

25 Abdulaziz Abbas Sabih

26 Walid Ismail Mahmoud

27 virgin Mohammed Zughayyar

28 Samar Salem Kcz

29 Blessed Ibraھam Net

30 Fatima Saad Jassam

31 Mھnd Adel Atta

2013/1 / list of applicants for the contract with the Central Bank of the interview on Wednesday 9

T. Name

1 Hassan Mھda Attia

2 Haidar Jassim Al Hammadi

3 Rھam Raad blocker

4 news Mohamed Fadel

5 charm Younis Ali

6 Israa Naji Abboud

7 Ali Salem Al Mahmoud

8 full Zainab Farooq

9 Reem Najm Abdullah

10 Mohammed عبدالحسن Mھda

11 Farah Ismail Jaber

12 Abbas Fadhil Abbas

13 Bader Merdas Jaber

14 Ahmed Qusai Ihsan

We have measured 15 Hakki

16 sacrificed Baqer Abdulnabi

17 Ali Khalid Hasan

18 Hanan Hussein Mohamed Ali

19 Mھnd Rashid Ghazi

20 Bashar Saad Black

21 Ibraھam Adel Tawfik

22 Mustafa Mohammed Saeed

23 Mustafa Abdul Sattar Abdul-Jabbar

24 Osman Abdul Rahman Ahmad

25 Mustafa Jamal Jalal

26 Saba Kamal Hamid

27 Hussein dun Jawad

28 ھbh Muwaffaq Osman

29 prayer Imad Abdul Qadir

30 Shaima Hossam Musleh

2013/1 / list of applicants for the contract with the Central Bank of the interview on Tuesday, 8

T. Name

1 Paper Diaa Eddin Abdel Moneim

2 light Saadoun Abdalzھrh

3 Zaid Saadi ھashim

4 Hussam Ali ھada

5 Ammar Muwaffaq Cassar

6 Raghad Nayef Abdullah

7 Fatima Shaker Jassem

8 Miss Dia Jawad

9 Marwa Abdel Qader Tayyip

10 ھbh Razak صكر

11 Jellalan Jawdat Faraj

12 Marwa Jawad Kadhim

13 names Bashir Hamza

14 Sarah Karim Abdul Ameer

15 Rasha Ghazi Hھab

16 Hھd Mansour behind

17 Dalia Moataz Subhi

Marwa Moataz Subhi 18

19 ھdy Asad Hassan

20 Mھnd David Salman

21 ھbh ھaitham Abdel Moneim

22 Sakina Ali thanked

23 Gull Bashar Abdul Muttalib

24 ھoida Radi Juma

25 Mohammed Ali Shaker

26 Ruba Naji ھada

27 Taha Hussein Hamid

28 Mھa gesture Akkar

29 Lamia Naji Khalil

30 sincerity Ghali Rchk

2013/1 / list of applicants for the contract with the Central Bank of the interview on Tuesday, 15

T. Name

1 ھbh Hussein Hamoudi

2 description on ăÔßćŃ

3 Yasser Hassoun Aziz

4 and Sam Rasoul Hassan

5 Ahmed Khalid Ismail

6 Sھar purity Saud

7 victory Jabr Khudair

8 ھashim Ibraھam Muzaffar

9 blink Amer Mustafa

10 Staff Ali Hassan

11 ھdy Mahmoud Hamza

12 Sarah Saleh Awad

13 Mohamed ھana Shaker

14 Mustafa Hafez Abdel Ilah

15 Ali Hamadi Hasnaoui

16 Marwa Mostafa Essam

17 Ahmed Loay Nazim

18 Caesar Raad Mھda

19 Sinan Samir Hussein

20 Mustafa Qahtan beefy

21 Zھra Maھr beauty

22 Ammar Ali Hussein

23 Ahmed Habib Zaھr

Ali Hussein, 24 Ibraھam

25 Mustafa winner Rafiq

26 Fadia Sami Jassim

27 shelving supporter Mustafa

Yousef Tariq Mahmood 28

29 Russell Haidar Abdel Wahed

30 Zھra Ali Jabbar

2013/1 / list of applicants for the contract with the Central Bank of the interview on Thursday 10

T. Name

1 Temara Qusay Abdul Fattah

Shining عبدالحسن 2 Abdo

3 Zainab Mutlaq Hamid

4 Zeinab Hussein Laibi

5 Dr. Mohamed Hassan

6 Super Hھd complete

7 Aaھab Said Jassem

8 Doaa Mohammed Salman

9 Munaf Saadi N

Harith al-Saadoun, 10 ھana

11 Farah Badri Vazaa

12 ھbh glorious Mھda

13 Jamal Nasser Daham

14 Leith Raad Aziz

15 Ahmed Askar غياض

16 Qais Sھal Hamid

17 Mustafa Thamer Younis

18 age Jassim Hassan

Saeb Nuri al-Fadel, 19

20 Tamara Thamer Abdulkareem

21 Npras ھashim Jafar

22 Saad Salem Aziz

23 Alaa Mohammed Jaber

24 full Faraj Faraj

25 Nora Majid Jawad

26 Salah Frھod Musharraf

27 Ghaith Ayad Hamid

28 Sarah Ali Taha

Bashar Mustafa Shakir 29

Taha �� 30 healing Mutasem Ba

2013/1 / list of applicants for the contract with the Central Bank of the interview on Thursday, 17

T. Name

1 Marwa Alaa El Din Abdel Almھda

2 Yasser Hamid Staff

3 Hura Ali Abbas

4 Sri Abdul Hussein Mھda

5 Bھa religion Fadel behind

6 Hussein Alaa Hussein

7 Sarah Nasser Mohammed

8 Noor Mohammad ibis

9 Sayf al-Din Amer Mohammed

10 Ghalib Mujibur Amin

11 Ali Abdul Hamid Hamid

12 Radwan ھaitham grace

13 Rod Khalid Mrھon

14 Ahmed Abdel Karim Crimsh

Iman Mustafa Ahmed 15

16 ھalh ھaitham Abdel Moneim

17 Abdel Khalek Ayad Abdul Khaliq

18 Iyad Mahmoud Abdul Khaliq

19 Ali Farouk Abdul Razzaq

20 Ali Rasheed State

21 Ahmed Hussein Amin

22 ھbh Jaafar Abdul-Jabbar

23 ھbh Ali student

24 Osama Hamid Staff

25 Areej Abbas Fadhil

26 ھcham Mazھr Fares

27 Ahmad Nizar Ibraھam

28 Yusuf Faisal Fadhil

29 Mھnd Karim Hussein

30 Ali Imad emeritus of religion

31 Ahmed Nadeem Hamid

32 Alaa Abdul Karim Abdul Aziz

33 Riad Ali Youssef

34 allow Ali Abdulkareem

Super 35 Mustafa Mustafa

36 Asad Muhammad Hasan

Obviously is a list of candidates for a post at the CBI ...hmmm.

Below is a partial list of the links/subjects listed on the "Announcements" (Arabic) page from the CBI. Some of the doc.'s are PDF's and cannot be copied/pasted and translated.

Home English

Contact benaarbiInformation on the Central Bank of Iraq on the Iraqi Central Bank cash payments system policy banknotes and coins banking laws Iraqi and foreign financial institutions international financial institutions jobs resources government debt currency auction results auction of Central Bank auction of Treasury financial statements statistics publications News & announcements News & announcementsNews & announcements-2013Interview applicants for hire (2/1/2013)

News & announcements-2012The Central Bank acknowledged on 2012/12/18 auction (C74) to sell Central Bank transfers to for 91 days.2012/12/30Ultimatum to the Warka Bank for investment and finance2012/12/23Press release on one channel but she took him on a decision of the Board of the Central Bank last on allowing some banks open documentary credits2012/12/18The Central Bank approved auction procedures for the sale of Central Bank transfers to for (91 days)2012/12/13

Press release about the Bank's Management Council adopted several resolutions under caution and the CBI has sought to develop tools in monetary policy and support the national market economy2012/12/11

The Iraqi Central Bank announces that it needs to contract with terms of reference (computer engineering, Bachelor of computer applications)2012/12/10

Official testimony2012-11-5

Press release about the foreign currency at the auction Wednesday 2012/10/24 Decliners continuation of monetary policy by the Central Bank of Iraq2012/10/24

Press release about the continuation of the Central Bank of Iraq in the usual practice of the Iraqi economy and optimal use of available financial resources2012/10/18Press release about the CBI informed the alleged reports refer to postpone implementation of the draft restructuring of the Iraqi currency and delete the three asavarmnha2012-10-7Press release about meeting the demands of citizens and pilgrims of the dollar2012/9/27Confirm press release about the stability, development and economic progress2012/8/28Press release on what the Bank would like reflected in the monetary policy followed by the reference to the publication in ur news agency under the title of economists2012/8/13The International Monetary Fund approves the extension of the standby credit accord with Iraq for ﺴﺒﻌﺔ months2012/8/03Press release about the Iraqi Central Bank informed that his publication of some news sources on the reception Mr. Iraqi Central Bank Governor Sinan Al-Shabibi Dr for a number of distinguished members of the parliamentary Finance Committee2012/7/22Dr. Sinan Al-Shabibi, Governor of the Central Bank of Iraq among the most powerful 500 2012 Arab-Arabian business magazine12/6/04Press release about the Iraqi dinar stable highly reflected in the sustained rise in the exchange rate of the Iraqi dinar against the dollar in the domestic market2012-5/29Legend press release about the frequent talk in recent days about the foreign currency Auction window mechanisms at the Central Bank without the knowledge of the actual and targets that come within the scope of the implementation of the country's monetary policy tasks2012/5/22Press release on the Rafidain Bank to sell US dollars cash to citizens at the price determined by the Central Bank of Iraq2012/5/20A press statement on the meeting Mr. Chairman and members of the Parliamentary Committee on integrity, Mr., Deputy Governor of the Central Bank of Iraq Dr. Mazhar Mohammed Saleh, Director-General of the anti-money laundering Office2012/4/22Press release about the Iraqi Central Bank denied categorically denied the rumors today not to accept certified Bank instruments for currency auction2012/4/18Classification table of civil banks under a CAMEL through its control for the years 2009 and 20102012/4/17Press release about monitoring by the Central Bank of Iraq weeks ago by some media about the existence of false papers in markets as Iraqi currency2012/2/27Press release about ensuring the Central Bank continued its work in selling foreign currency from the dollar to its customers2012/2/6Press release on the signing of the Iraqi Central Bank and Zaha Hadid architecture design Convention headquarters of the Central Bank of Iraq, which will be built on the banks of the Tigris in Baghdad2012/2/2Programme of FSVC in Iraq2012/1/2News & announcements-2011Press release on the foreign currency markets rises in the light of the precise circumstances of our country at the political level and with the withdrawal of foreign forces from Iraq2011/12/21Infrastructure development project for Iraqi retail payment systems2011/12/5To mediate in the sale and purchase of foreign currency (extension of the duration required for the capital increase)2011/01/22Video: interview with Dr. Sinan Al-Shabibi, Governor of the Central Bank2011/01/21A comprehensive assessment of Iraq's financial sector2011/9/24To mediate in the sale and purchase of foreign currency (capital increase)2011/9/18Tender No. (2011/3)2011/9/7Tender No. (2011/1)2011/9/6Dr. Sinan Al-Shabibi, Governor of the Central Bank of Iraq to attend the annual meeting, hosted by the Federal Reserve Bank of Kansas with global financial policy makers2011/8/26The Central Bank of Iraq authorizing Zaha Hadid to design the new headquarters building in Baghdad2011/6/9Video: Haifa al-Husseini met d Central Bank Governor Sinan Al-Shabibi2011/6/3Dr. Sinan Al-Shabibi, Governor of the Central Bank of Iraq among the most powerful 500 Arab figure for 2011-Arabian business magazine2011/3/27To mediate in the sale and purchase of foreign currency (capital increase)2011/2/23To the Ministry of commerce/business registration service/Office of the Director aHome English

Contact benaarbiInformation on the Central Bank of Iraq on the Iraqi Central Bank cash payments system policy banknotes and coins banking laws Iraqi and foreign financial institutions international financial institutions jobs resources government debt currency auction results auction of Central Bank auction of Treasury financial statements statistics publications News & announcements News & announcementsNews & announcements-2013Interview applicants for hire (2/1/2013)

News & announcements-2012The Central Bank acknowledged on 2012/12/18 auction (C74) to sell Central Bank transfers to for 91 days.2012/12/30Ultimatum to the Warka Bank for investment and finance2012/12/23Press release on one channel but she took him on a decision of the Board of the Central Bank last on allowing some banks open documentary credits2012/12/18The Central Bank approved auction procedures for the sale of Central Bank transfers to for (91 days)2012/12/13

Press release about the Bank's Management Council adopted several resolutions under caution and the CBI has sought to develop tools in monetary policy and support the national market economy2012/12/11

The Iraqi Central Bank announces that it needs to contract with terms of reference (computer engineering, Bachelor of computer applications)2012/12/10

Official testimony2012-11-5

Press release about the foreign currency at the auction Wednesday 2012/10/24 Decliners continuation of monetary policy by the Central Bank of Iraq2012/10/24

http://www.cbi.iq/index.php?pid=NewsAnnoucements〈=ar

Edited by Alexyn1006
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Thanks Alex for all your hard work. Don't know why someone is negging everyone today, but I got you a plus to even you out. You do a lot for us, and get us some very very good information. Keep up the great work, and we all, or almost all, really appreciate it.

Go RV!!!

:D:D:D

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I also gave Keep a plus one.

I appreciate his opinions.

Thanks for helping out. I don't know what's happening today, but I gave Alex a +, and he got another neg again. Just doesn't make any sense, that people are negging people for not only their opinions, but information they bring to the forum...... :blink:

If someone could help out Keep & Alex, that would be great. It is not necessary to neg people, unless maybe if it is Terry K or Okie.... :lol:

Just kidding!!! :lol:

Go RV!!!

:):):)

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Thanks Alex for all your hard work. Don't know why someone is negging everyone today, but I got you a plus to even you out. You do a lot for us, and get us some very very good information. Keep up the great work, and we all, or almost all, really appreciate it.

Go RV!!!

biggrin.gifbiggrin.gifbiggrin.gif

Thanks, NWGUY..I know how it feels to be a bit panicked and clueless at times about this investment and so I do my best to try to help others, so perhaps they may feel a little less helpless. The point system here is not of consequence to me, but again, thank you. I'm much more concerned about people on these threads who are determined to keep promoting negativity about this investment, because it makes people feel fearful. This is not good for them in any way (their mental nor their emtional health, nor is it good for promoting creation of wealth).

Some people keep intending to promote negativity and fear based around this investment to the point where it seems as if they keep gaining enjoyment from it, by doing so. It's good to look at facts, and be real about them, but it's also good to remember that everyone analyzes and interprets info according to their own life experience and knowledge. So when people on these forums keep trying to force their agenda regarding this investment onto others, I believe it's very damaging.

Edited by Alexyn1006
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Thanks, NWGUY..I know how it feels to be a bit panicked and clueless at times about this investment and so I do my best to try to help others, so perhaps they may feel a little less helpless. The point system here is not of consequence to me, but again, thank you. I'm much more concerned about people on these threads who are determined to keep promoting negativity about this investment, because it makes people feel fearful. This is not good for them in any way (their mental nor their emtional health, nor is it good for promoting creation of wealth).

Some people keep intending to promote negativity and fear based around this investment to the point where it seems as if they keep gaining enjoyment from it, by doing so. It's good to look at facts, and be real about them, but it's also good to remember that everyone analyzes and interprets info according to their own life experience and knowledge. So when people on these forums keep trying to force their agenda regarding this investment onto others, I believe it's very damaging.

Thank you again. I, like a lot of people here really do appreciate the information that you bring us. Most of us here either do not have the time it takes to find this information, or in a lot of cases, the computer skills to bring it here. Eitherway, you are very much appreciated, as is everyone that contributes to this site. Keep up the great work, and I, like you, am very optimistic about this investment, and I do see a lot of positive signs, that we will make a profit, and hopefully, a great big profit!!!! :D

Go RV!!!

:D:D:D

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Found this on another web page. Maybe just maybe. Come on RV! Keep in mind this is just another GURU.

1-2-2013 Intel Guru Winalot CBI Article: "C 2012 auction No. 74/12 / approved the Central Bank of Iraq on 18 Central Bank transfers for (91) Ninety-one days of $ (200) billion Iraqi dinars (two hundred billion Iraqi dinars) have been sold (90) billion dinars (ninety Billion Iraqi dinars) issue of the amount as the price discount (5.30%) and the number of Participating banks (4) banks (four banks) won Basdaria. 2012/12 / Baghdad 30" there is the translation...they sold 200 billion dinar! not dollar! why would they be selling dinar to the banks??? looks like they are stocking the banks to trade dinar for dollar... i think it is excellent news... especially since they hid it! it is only on the arabic side...under announcements...not on the auction page.

ya if they do pass a law that the dinar is the only currency allowed for business in iraq .. the bank would need lots of dinars for exchange purposes...this is how they would remove the dollars off the streets and find out how many dolars would end up in the foriegn reserves.. i dont think they know how many dollars are on the streets in iraq .. they may have an idea . but no exact figures .. could be another 50 billion .. 100 billion ..who knows

look at the united states .. we use dollars ,, if someone comes to our country with their own currency from their country .. they must go to foriegn exchange to get dollars ,, they cant go to the store and buy a loaf of bread with pesos ..or rupies .. .. the same will be in iraq soon .. the dinar willl be the currency they use in trans actions .

i know the ez forex .. web site is for that purpose .. they sell currency to people who are planning trips to other countrys .... and they buy back the amount you didnt spend when you return home ..i just bought some vietnam currency from them .. i can sell it back anytime i want .... but you wont be seeing a mexican going to iraq and using pesos to buy lunch .. the currency will be exchanged to dinars through foreign exchange in iraq .. iraq will be on the exchange soon .. we should be able to go to banks soon to exchange our dinars ,, it doesnt mean they will rv .. it just means it will be exchangeable on the currency exchange .. a rv would be nice ,, but i think it might go on the exchange before it has any rv..

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Why would people in Iraq be rushing to the banks to unload dollars after an RV when we would be rushing to the banks to unload Dinar? They would more likely be grouching about their worthless dollars and planning to hold them until they went back up! Which would be real soon after we flooded the market with trillions of dinar! :)/>/>/>/>/>

You've got to remember that if Iraqi's hold dollars after an RV, they just lost a poopload of money!

VERY SIMPLE....

As an Iraqi If you had four hundred dollars and 10 25K dinar notes in your hand....what is worth more and what would you do.

I would get rid of the dollar.....

change the numbers around to 25 thousand dollars in hand and 10 25k notes.... i would still do the same if the rate is right.

Edited by tilak
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