Evening Session Buying and Selling Dollar from the CBI 05/08/2013

[zigmeister]

What does JD mean then?

[TQueezy]

What does JD mean then?

I think awhile back someone said it was a term related to the comparison to what it would be in dinar for a different country, maybe Jordan or Kuwait? I'm not sure...

[sandstorm]

If iraqis were being told of a rv.....like every guru says.....why do they continue to sell off dinar, so much so...they had two auctions. obvious high demand for some other countries currency. they dont want or trust the dinar.

personally....id like to see faith restored in the iqd...rather than an iraqis constant attempt to get rid of dinar.

jmo

Its illogical to think.....they have permanently removed large amounts of dinar. if so.....iraqis wouldnt have a high demand for the dollar. they would all have dollars because all the dinar is gone. They wouldnt be buying dollars with dollars. sounds like theres plenty of dinar in iraq.....just not enough dollars

Imo...if the cbi had planned to remove almost all dinar from iraq. theywouldve already had enough usd in country to be used since all dinar is off the streets. the high demand for the dollar.....proves theres ample amounts of dinar in iraq...and that they are still being paid in dinar

[JMULS31]

No Iraqi citizen trusts there govt.  Even if they are told that the Dinar will RV they dont believe it will happen because there govt constantly lies to the people.  My old interpreter told me that.  He always tells me never get your hopes up with this. 

If iraqis were being told of a rv.....like every guru says.....why do they continue to sell off dinar, so much so...they had two auctions. obvious high demand for some other countries currency. they dont want or trust the dinar.

personally....id like to see faith restored in the iqd...rather than an iraqis constant attempt to get rid of dinar.
jmo

Its illogical to think.....they have permanently removed large amounts of dinar. if so.....iraqis wouldnt have a high demand for the dollar. they would all have dollars because all the dinar is gone. They wouldnt be buying dollars with dollars. sounds like theres plenty of dinar in iraq.....just not enough dollars

Imo...if the cbi had planned to remove almost all dinar from iraq. theywouldve already had enough usd in country to be used since all dinar is off the streets. the high demand for the dollar.....proves theres ample amounts of dinar in iraq...and that they are still being paid in dinar

[zigmeister]

Personally I think the smart cards or credit cards might, might be the crumb that brings people to the banks, open accounts and take home a credit card.  No longer will carrying cash be an issue.  In that they bring in their dinar from the bottom of their mattress's.  

 

One thing that I do not get, it just does not square with these articles about the amount of dinar vs dollars.  Time and time again we have had people who have been to Iraq and I have stated over and over again the Iraqi people do not hold much dinar if any.  So where is it?  In covered wheelbarrows?

[JMULS31]

The Conspricacy that I'm hearing is that the $ will no longer be the worlds currency and inflation will be at an all time high. Hopefully the dinar does RV in case that does actually happen.