New CBI Announcement 3/14/2013 Exchange Rates!!

[sportfisher]

http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&eotf=1&u=http%3A%2F%2Fwww.cbi.iq%2F%3Fpid%3DHome%26lang%3Dar&act=url

http://translate.googleusercontent.com/translate_c?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.cbi.iq/documents/press%2520for%252014-3-2013.pdf&usg=ALkJrhgLqCWgLKBNfEui_WW3c7SHbQZVxQ

[C.H.]

I understand the Manipulation going on..been scoping it out for some time...just waiting on it to come back to bite everybody!!! (I'm Refering to the $USD)JMO

Agree, a lot of different scenarios playing out in the currency markets recently another example is the Japanese Yen there is quite a bit of different currency changing hands.  In reference to an RV the clouds often cast their shadows before the event occurs.

[easyrider]

Agree, a lot of different scenarios playing out in the currency markets recently another example is the Japanese Yen there is quite a bit of different currency changing hands.  In reference to an RV the clouds often cast their shadows before the event occurs.

Not only that it will be no longer under debt management but asset management folks we are seeing a new financial system emerging Asset backed currencies.  Repeat the FIAT system is broken!!!!! and cant be fixed.  There will be baskets of currencies devaluing and revaluing pertaining to Assets a country holds.  

Edited March 14, 2013 by easyrider

[eburt]

I hope all this great information comes to pass.  I am ready from this TRAIN RIDE to come to end.  I truly need a vacation - RVVVVVVV Please!!!

[staunch]

http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&eotf=1&u=http://www.cbi.iq/?pid=Home〈=ar&act=url

http://translate.googleusercontent.com/translate_c?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.cbi.iq/documents/press for 14-3-2013.pdf&usg=ALkJrhgLqCWgLKBNfEui_WW3c7SHbQZVxQ

I don't necessarily know how to work translate, but what the heck is that?

[motox565]

If it is an exchange rate change of any significance, why would they give speculators a heads up?

Exactly, if it's going to happen you'd think it would be quick.

[TQueezy]

Wow, people are on short fuses, for both happiness AND anger. Chillax peeps.

Hopefully it means something more than just stabilizing back to 1166 from the outrageous market rate. Hopefully it means a great appreciation in value.

[stealthwarrior]

Soon, brothers of the hunt.

[Shabibilicious]

I would prefer to take a slow boat ride, loaded with BV and snackies, to my off shore bank........a fast plane and xanax is more likely.    

 

GO RV, then BV

[Nadita]

Yota,

 

Thanks for the info... the ride only needs to go one more loop of excitement and it will go to a stop.  Good to see you posting again

[blueskies]

Thanks so much, yota.

[BJinMontreal]

I hope all this great information comes to pass.  I am ready from this TRAIN RIDE to come to end.  I truly need a vacation - RVVVVVVV Please!!!

Ride ... o_O ?       ...

 

There are days it feels more like a train wreck ...

 

[Silverdinar]

Good find Yota...Think this could be it... Maybeeeeeeee....Go RV

[Capn Geech]

I appreciate all the effort and endless nights Yota does, but I'm just waiting for the inevitable, "This means nothing" post from Adam.

I mean, I like Adam, but after a few years I start to feel like a puppy who's promised steak and then they throw a piece of hotdog at me.

[zigmeister]

Why would they give a heads up?  Who would believe them!

[millionaire in training]

ON YOUR MARKS ...GET SET...GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO  

 

Great news to start the day!

[zul]

Am i on the wrong site.. when i go to cbi.iq there is nothing in news & announcements from all of 2013. What am i doing wrong?

 

From the main page, click the Arab version.../ it's there  

[drc85260]

Not to be a downer but I think all this article is doing is referencing actions to get the market rate of the dinar (1255 to 1) closer to the programmed rate (1166 to 1).  How can CBI do this- 1 way- by reducing the supply of dinars, by decreasing the amount of IQD;s out in the marketplace.

 

I hope I am wrong on just this market to rogrammed rate closure.

I agree, this is for the secondary markets only. If it said the CBI was to match the rate of the secondary market then that would be something to be excited about.This solidifies the 1166 rate...sorry

[ronscarpa]

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• Statement on what Tdolth some media judicial decision issued by the court of appeal the Rusafa as discriminatory under the chairmanship of Judge Jaffar Muhsin containing overturn the decision of the Court Financial Services 
  03/14/2013

• Tender No. (2013/9) 
  14/03/2013

• Tender No. (2013/8) 
  14/03/2013

• CBI continues closely and changes in exchange rates in the domestic market and the high price of foreign currency in the secondary markets in Iraq 
  03/14/2013

• Tender No. (2013/6) 
  03/12/2013

• Announcement of auctions results

• New website for the base of Iraqi legislation (Www.iraqld.com) 7.3.2013

• الايفادات official 
  06/03/2013

• Tender No. (2013/5) 
  27/02/2013

• Rafidain Bank / Director-General (rob Rafidain Bank / case of Maher Akram Naji) 
  26/02/2013

• North Bank / Managing Director (rob Rafidain Bank / case of Maher Akram Naji) 
  02/26/2013

• Bank of Baghdad / Managing Director (rob Rafidain Bank / case of Maher Akram Naji) 
  02/25/2013

• Economy Bank / Managing Director (rob Rafidain Bank / case of Maher Akram Naji) 
  02/25/2013

• Deliberated and some media and news agencies remarks occur MP Haider Mulla on Thursday, 02.21.2013 on the loss of $ 509 billion Iraqi dinars from the through currency auction

• To mediate selling companies and purchase of foreign currencies (final accounts) 
  22/02/2013

• Tender No. (2013/3) Returned 
  20/02/2013

• Approved by the Ministry of Finance on 18.2.2013 to hold a public auction HY49 auction for the sale of treasury remittances to the order (182) on 
  2/18/2013

• To licensed banks to exercise all banking (cash sale) 
  02/17/2013

• To all banks (transfer amount) 
  02/17/2013

• Tender No. (2013/4) 
  02/17/2013

• United Bank for Investment of the Central Bank of Iraq officially off to deal with a number of his customers 
  02/13/2013

• Centering companies sell and purchase of foreign currencies (wage-job) 
  02/13/2013

• United Bank for Investment / Mr. Managing Director (penalty) 
  02/10/2013

• To the Board of directors of banks authorized to exercise all banking (Insurance documentary credits and letters of guarantee) 
  10/02/2013

• To licensed banks to exercise all banking (Instructions paragraphs that are not covered by a window sale and purchase of foreign currency) 
  07/02/2013

• To mediate selling companies and purchase of foreign currencies (capital increase) 
  07/02/2013

• Iraq's Central Bank approved on 02.05.2013 to hold a public auction C77 auction for the sale of bank transfers to the order (91) on 
  06/02/2013

• Declares CBI results selves of applicants to work in this bank of graduates (Computer Engineering and Computer Science)
  05/02/2013

• Tender No. (2013/1) 
  04.02.2013

• Announcement about Matnaqlth and media for low gold reserves of the Central Bank of Iraq 
  01/31/2013

• The recommendations of the Forum Baghdad 
  01/12/2013

• Central Bank admitted on 22.1.2013 to hold a public auction auction (C76) for the sale of bank transfers to the order (91) on 
  1/23/2013

• Approved by the Ministry of Finance on 21.1.2013 to hold a public auction auction (HY48) for the sale of remittances to the treasury for (182) Days.
  01/22/2013

• Press release about the reception the Iraqi Central Bank Governor Dr Abdul Basit Turki Saeed today Wenesday 16/01/2013 Japanese Ambassador in Iraq 
  16/01/2013

• To the Iraqi Middle East Bank for Investment (penalty) 
  01/02/2013

• Iraq's Central Bank approved on 12.18.2012 auction (C74) for the sale of central bank remittances for (91) days. 
  12/30/2012

• A warning to the Warka Bank for Investment and Finance 
  12/23/2012

• Contrarian (2012/2) 
  12/27/2012

• A press statement about the Matnolth one of the TV channels about the decision of the Council of Directors of the Central Bank last about allowing some Iraqi banks to open letters of credit 
  18/12/2012

• Iraq's Central Bank approved auction procedures for the sale of central bank remittances for (91) days 
  12/13/2012

• Press Release on the decision of the Board of Directors of this Bank of many decisions in the framework of the keenness and the pursuit of the Central Bank of Iraq in the development of his tools in the monetary policy and support the national economy stable market 
  11/12/2012

• Warka Bank for Investment and Finance / Mr. Saad Saadoun structure Esquire (meeting)

• Press Release about as experienced foreign currency auction in place on Wednesday, 10.24.2012 remarkable decline continuation of the monetary policy pursued by the Central Bank of Iraq 
  24/10/2012

• Press release about the continuation of the CBI in the real normal practice of the Iraqi economy and optimal utilization of available financial resources 
  10/18/2012

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The objectives of the Central Bank of Iraq

Issued the Law of the Central Bank of Iraq in March 6 / March 2004 and was among its objectives to achieve to maintain price stability, as well as the central bank supports the steady growth of the Iraqi economy.

More -

CURRENCY SYMBOL SALE BUYING U.S. dollar USD 1166.000 1164.000 Euro EUR 1513.585 1512.828 Sterling GBP 1745.502 1744.629 The Canadian dollar CAD 1135.014 1134.447 Swiss franc CHF 1230.737 1230.121 Swedish crown SEK 183.582 183.490 Norwegian krone NOK 203.356 203.254 Danish krone DKK 202.977 202.875 Japanese Yen JPY 12.171 12.165 SDRs SDR 1752.172 1751.295 Indicative prices - 03/14/2013

Economic data   

Interest rates (Iraqi Dinars) 6% Price policy: As of April 1, 2010 4% Deposits for 7 days 8% Interest on the initial credit Economic Indicators   On an annual basis in 2013 3.70% Inflation foundation: January 2.76% Inflation: January 4.58% Growth in money supply (m 2): January 2013     Expectations for 2012 10.2%  GDP growth 10.0% Adzalmoisna / GDP 0.3% The current account surplus / GDP M $ 67 billion Net foreign reserves

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[Goldiegirl]

Why would they give a heads up?  Who would believe them!

Good question Ziggie...   That makes 2 of us who think alike.

[Nelg]

"Experiencing the Iraqi market since the fluctuation in the exchange rate of the Iraqi dinar against the U.S. dollar, recording an increase on the price set by the Central Bank of Iraq, while Economists attributed the rise in the price of the dollar against the dinar to the increasing demand for it."

The demand for the USD is increasing because it has gained in value against the dinar.  It the dinar increases in value then the demand will switch back to the dinar.  If the CBI simply adjusts or corrects to 1122 the same senaro will prevale, the dollar will still be in demand.  If the dinar goes up to a value greater than the dollar then the deman will increase for the dinar and it will become a viable and more lucrative currency and thue "the increasing demand for it."

 

Would be a nice time to get a text or email from Adam! 

[DiveDeepSix]

I would prefer to take a slow boat ride, loaded with BV and snackies, to my off shore bank........a fast plane and xanax is more likely.    

 

GO RV, then BV

ROFL Cooler full of beer is all I need, start the motor!!!

[Shabibilicious]

Good question Ziggie...   That makes 2 of us who think alike.

 

Rational thought........what a buzz kill.    

 

GO RV, then BV

[Goldiegirl]

Rational thought........what a buzz kill.    

 

GO RV, then BV

Somebody has to stay sober... J/K....you gotta wonder right....???

 

Going to have to wait just a bit longer for that BV event...

 

[Shabibilicious]

Somebody has to stay sober... J/K....you gotta wonder right....???

 

Going to have to wait just a bit longer for that BV event...

 

 

Wow!!!....Just gorgeous!!!......She's alright too, I guess.    

 

GO RV, then BV