ALBUNDY Posted May 17, 2013 Report Share Posted May 17, 2013 (edited) 1 US = 1156 IQD. Does it mean the rate already begins to rise again? What do you think? You can see and check the exchange rate above. 1 USD = 1156.00 IQD 1 GBP = 1489.67 IQD 1 JPY = 11.29 IQD 1 AED = 314.75 IQD 1 KWD = 4040.83 IQD View More Currency Rates THE LINK : http://www.iraqdirectory.com/# Edited May 17, 2013 by ALBUNDY Link to comment Share on other sites More sharing options...
TLHUBER Posted May 17, 2013 Report Share Posted May 17, 2013 Wow. That's a sight for sore eyes. Now, I hope that's not no street rate. 1 Link to comment Share on other sites More sharing options...
The Machine Posted May 17, 2013 Report Share Posted May 17, 2013 Wow. That's a sight for sore eyes. Now, I hope that's not no street rate.Why would you hope that's not the street rate .... I hope it is.I'm on my phone here I don't have the time to check the link If that's the street rate which is unlikely then it would mean that the iqd is stronger in the local market than the CBI sell it for. 1 1 Link to comment Share on other sites More sharing options...
TLHUBER Posted May 17, 2013 Report Share Posted May 17, 2013 Why would you hope that's not the street rate .... I hope it is. I'm on my phone here I don't have the time to check the link If that's the street rate which is unlikely then it would mean that the iqd is stronger in the local market than the CBI sell it for. Hey, I'm learning. My bad. 2 Link to comment Share on other sites More sharing options...
Catluver67 Posted May 17, 2013 Report Share Posted May 17, 2013 That's just it fluctuating with the dollar. That's what my currency app currently shows and showed most of the day yesterday. If uou will watch it it will move all day everyday along with the dollar's fluctuations. Go RV! 1 Link to comment Share on other sites More sharing options...
TLHUBER Posted May 17, 2013 Report Share Posted May 17, 2013 That's just it fluctuating with the dollar. That's what my currency app currently shows and showed most of the day yesterday. If uou will watch it it will move all day everyday along with the dollar's fluctuations. Go RV! Never seen it fluctuate at 1,155 though. I always see the 1,166 rate. Link to comment Share on other sites More sharing options...
BigJake Posted May 17, 2013 Report Share Posted May 17, 2013 XE Currency has it at 1,153.9882 to 1. Just a result of the weakening dollar. Link to comment Share on other sites More sharing options...
Liljohn Posted May 17, 2013 Report Share Posted May 17, 2013 It does'nt fluctuate, it is pegged to the dollar. If its changing, its on purpose. GOD BLESS!!! LORD SEND THE RAIN!!! Link to comment Share on other sites More sharing options...
sandfly Posted May 17, 2013 Report Share Posted May 17, 2013 THANKS 2 Link to comment Share on other sites More sharing options...
BigJake Posted May 17, 2013 Report Share Posted May 17, 2013 If you will check XE Currency you will see it fluctuates several times during the day depending on the value of the dollar. CBI is not going to change the value several times during the day. 1 Link to comment Share on other sites More sharing options...
rockfl9 Posted May 17, 2013 Report Share Posted May 17, 2013 It is Only pegged for conversions to dinars at the CBI. MENA banks that make a market in dinar will use a conversion that takes in account for the fluctuations in the dollar, Euro, etc. Link to comment Share on other sites More sharing options...
TLHUBER Posted May 17, 2013 Report Share Posted May 17, 2013 So what happened to the 1,166 peg? I remember it being at 1170 then they changed it by 4 pips to 1166. So did it move around 10 pips as of today? Link to comment Share on other sites More sharing options...
gatoraces Posted May 17, 2013 Report Share Posted May 17, 2013 CBI hasn't changed at all Link to comment Share on other sites More sharing options...
TLHUBER Posted May 17, 2013 Report Share Posted May 17, 2013 Intersting. Link to comment Share on other sites More sharing options...
TLHUBER Posted May 17, 2013 Report Share Posted May 17, 2013 That's right the CBI should be closed today. Maybe they have not updated yet. Link to comment Share on other sites More sharing options...
Snatcher Posted May 17, 2013 Report Share Posted May 17, 2013 Dinar Trades ticker at the top of page has the Pound 1:1157iqd,Euro 1:1157iqd,Canadian Dollar 1:1157iqd and US trading at 1:1157.13iqd Link to comment Share on other sites More sharing options...
JMULS31 Posted May 17, 2013 Report Share Posted May 17, 2013 CBI sometimes forgets to update there site. Xe.com has .1154 Link to comment Share on other sites More sharing options...
stealthwarrior Posted May 17, 2013 Report Share Posted May 17, 2013 A pip here or a pip there does'nt get me excited about anything.when adam sends the word out then i will show just a little bit of excitement. 2 1 Link to comment Share on other sites More sharing options...
mrref Posted May 17, 2013 Report Share Posted May 17, 2013 Never seen it fluctuate at 1,155 though. I always see the 1,166 rate. Where have you been on OANDA.com it fluctuates every day. I've seen it go as low as 1143. Link to comment Share on other sites More sharing options...
The Machine Posted May 17, 2013 Report Share Posted May 17, 2013 Where have you been on OANDA.com it fluctuates every day. I've seen it go as low as 1143.That's only the indicative value relative to the dollar that's moving...... As its not an openly traded currency the CBI set the rate which is pegged to the dollar at 1166 Link to comment Share on other sites More sharing options...
dontlop Posted May 18, 2013 Report Share Posted May 18, 2013 (edited) the rate is managed by the cbi to maintain a 1166 to one dollar rate .. i wouldnt say its pegged ..its managed thru auctions the official exchange rate is the guarenteed exchange rate at the central bank of iraq .. thats what an official exchange rate is .. the one thats guarenteed at the central bank .. right now its 1166 . there are exchange rate differences , thru money changers ..dealers what ever .. but the official rate is 1166 . "official rate " <<< that terminology means something .. or they wouldnt use that terminology in the first place .. why say the word official unless it has meaning official rate is a "guarenteed" rate of exchange by the cbi its used in all their accounting practices .. for paying debts ..internal or external ...govt exchange rate .. un exchange rate ..imf exchange rate >>> 1166 Edited May 18, 2013 by dontlop Link to comment Share on other sites More sharing options...
ALBUNDY Posted May 18, 2013 Author Report Share Posted May 18, 2013 Is this stability of the exchange rate of the Dinar ( 1300-1270 ) a normal street rate or new CBI locked rate? cause when we see the CBI site, the rate is still 1166. I got confused and I need help here. Finance parliamentary: the start of the stability of the exchange rate of the dinar against the dollar gradually Friday, 17 May 2013 13:03 Parliamentary Finance Committee confirmed that the exchange rate of the dinar against the dollar began to gradually return to stability after a series of measures taken by the central bank recently. A member of the Committee Secretary Hadi said that "the exchange rate of the dinar against the dollar began to gradually return to the state of stability as the dollar fell against the dinar to 1270 dinars to the dollar after breaking 1300 dinars to the dollar during the past few days." Hadi explained that "the problem began to fade after a series of measures taken by the Central Bank of Iraq is pumping extra amounts of Almuammlh difficult to market," noting that "the foreign currency held by the central bank cover block twice as paper". He continued that "the problem was not with the central bank, but the banks and Chirfah companies, if the point during the last period failing to buy dollars from the central bank, which led to the high value of the dollar against the dinar." And Hadi and that "the Finance Committee and after the end of the holiday will add legislative and Minister of Finance and agency managers of all banks for the purpose of research topic and how to overcome the problems." The Finance Committee has ضيفت this week, and Central Bank Governor Abdul Basit Turki agency and discussed with him the reasons for the high price of the dollar against the dinar. THE LINK : http://www.uragency....-05-17-13-03-44 Link to comment Share on other sites More sharing options...
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