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Banks are packed with people. And employees colluding to sell dollar

TBomb

By TBomb,
in Iraq & Dinar Related News

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Denarius Maximus Newbie

Denarius Maximus

Posted
Posted

It would only be an RV if it is their program rate.  Which they can raise the rate anytime they want.  Just a thought, cause I am no economist, they could raise the program rate thereby the percentages between the street and program would narrow from the 20 percent.  Maybe, kind of I don't know just a thought.  They still have to figure out how to stop the high volume of selling it Iran and so forth.  I don't know how they can do that.

Program rate  :confused:

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Darin Newbie

Darin

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Posted

IF they were speculating on the value change of THEIR currency, wouldn't they be buying more Dinar??? Like WE did??? Huh.... things that make you go "What the $^@# ?!?!?!?!?!?!?!".... 

If the dollar started deteriorating to the effect that the dinar is... Wouldn't you safe-guard yourself to some other investment channel to safe-guard your wealth?

 

Also, if the dinar is deteriorating like they claim, would you believe less and less merchants are willing or accepting dinars as payment?

 

I'd also make a strong prediction that the deteriorating value is based on neighboring sanctioned regions (See Iran & Syria) in a high demand for dollars. Its not so much that the average Iraqi is likely losing wealth from chasing the dollar, if anything they may be exploiting the neighboring regions being in such high demand of it. Therefore, the average citizen in Iraq may take their dollars and trade with neighboring merchants as they are the benefactors of trade because what they are using to buy is in demand..... So neighboring merchants are willing to give more to receive those dollars.

 

Here is a scenario... Lets say a farmer in Iraq has chickens for sale and he sells them for about  50,000 dinars a chicken. (For the sake of this argument, lets say that the official rate is 1000:1). Therefore the value of his chicken is $50 that he is selling. Neighboring Iran has a farmer who is seeking to sell chickens for dollars, but he sells his chickens for $40 a chicken. Now the price of that good is more competitive. The customer, the buyer of said chicken, was able to buy from a neighbor for a cheaper price. The customer benefits from the cheaper price, but the Iraqi farmer loses out on a sale. It has its pros & cons, but if they're acquiring goods that are not easily attainable in Iraq, than many within Iraq benefit.

 

Why does the Iranian sell his chickens cheaper? Because he can not come by dollars with such ease & they must sell their goods more competitively. They will want their the USD so they can in turn go to other neighboring countries to use their dollars to buy other needed goods. To follow this example, maybe the Iranian needs to go to nearby Turkey to purchase grain seed to feed his animals, but needs dollars. 

 

How does one potentially fix this problem? Dollars are in demand - therefor those holding dollars stand to profit from the trading imbalance between the two parties.

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sandfly Newbie

sandfly

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THE DOLLAR IS HIGH, SO THEY GET PAYED IN DINAR. THEN CHANGE IT FOR DOLLAR. ALL THE DINAR THEY ALL HOLD THEY CHANGE FOR THE DOLLAR. THE ONLY REASON THEY DIDN'T RV, SO THEY CAN PULL ALL THEY CAN FROM THERE PEOPLE. LOOK AT THE PEOPLE IN THE U.S. HOW MANYOF THEM GOT TIRED OF WAITING ON IT. AND THEN SOLD OUT. THE ONES THAT WAIT THERE AND THE U.S. WHEN THE RV. WILL MAKE OUT. LOOK AT KUWAIT, THEY DON'T WONT ALL THERE PEOPLE RICH LIKE THEM. THEY WOULD LOOSE TO MUCH. FROM THE PEOPLE THERE AND ALL OVER THE WORLD THAT DOES HOLD IT.

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yota691 Grand Master

yota691

Posted
Posted

Thanks TBomb Great Article and with it seems the CBI plan is moving forward...this is Deja Vu.. ;) from last week :rolleyes:  Posted 26 May 2013 - 01:55 PM

Speaking of  High Exchange rate...are you aware that to get one $20 dollar bill US, it cost 45,000 IQD in Iraq..   :eyebrows: almost 2 to 1..That sucking in the IQD, and at the same time sacrificing the US Dollar...


Read more: http://dinarvets.com/forums/index.php?/topic/149671-central-bank-a-plan-to-raise-the-exchange-rate-of-the-iraqi-dinar/page-7#ixzz2UfbvQA3c

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yota691 Grand Master

yota691

Posted
Posted (edited)

From a Acquaintance of mine that lives in Iraq and he states with a Picture he sent ... While these folks are standing in Line these Folks are writing on the Currency 984067_3202754643870_219342861_n.jpgand the message is 

 

Baghdad residents expressed their rejection of sectarianism on the Iraqi currency ... a 

group of people they write for money phrases sectarian calls to renounce the most important of those phrases, the most prominent Enough violence, we want to live a message to anyone who kills innocent people ...

 

Baghdad residents expressed rejection to Sectarianism of Iraqi currency. 
A group of people write on money terms of the most important statements from Tehran and notably road Violence. We want to live Letter to kill innocent people

 

.............Translation a little off..But you get the Point...
Edited by yota691
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zigmeister Newbie

zigmeister

Posted
Posted

Interesting Yota.  Sending a message via dinar.  



If the dollar started deteriorating to the effect that the dinar is... Wouldn't you safe-guard yourself to some other investment channel to safe-guard your wealth?

 

Also, if the dinar is deteriorating like they claim, would you believe less and less merchants are willing or accepting dinars as payment?

 

I'd also make a strong prediction that the deteriorating value is based on neighboring sanctioned regions (See Iran & Syria) in a high demand for dollars. Its not so much that the average Iraqi is likely losing wealth from chasing the dollar, if anything they may be exploiting the neighboring regions being in such high demand of it. Therefore, the average citizen in Iraq may take their dollars and trade with neighboring merchants as they are the benefactors of trade because what they are using to buy is in demand..... So neighboring merchants are willing to give more to receive those dollars.

 

Here is a scenario... Lets say a farmer in Iraq has chickens for sale and he sells them for about  50,000 dinars a chicken. (For the sake of this argument, lets say that the official rate is 1000:1). Therefore the value of his chicken is $50 that he is selling. Neighboring Iran has a farmer who is seeking to sell chickens for dollars, but he sells his chickens for $40 a chicken. Now the price of that good is more competitive. The customer, the buyer of said chicken, was able to buy from a neighbor for a cheaper price. The customer benefits from the cheaper price, but the Iraqi farmer loses out on a sale. It has its pros & cons, but if they're acquiring goods that are not easily attainable in Iraq, than many within Iraq benefit.

 

Why does the Iranian sell his chickens cheaper? Because he can not come by dollars with such ease & they must sell their goods more competitively. They will want their the USD so they can in turn go to other neighboring countries to use their dollars to buy other needed goods. To follow this example, maybe the Iranian needs to go to nearby Turkey to purchase grain seed to feed his animals, but needs dollars. 

 

How does one potentially fix this problem? Dollars are in demand - therefor those holding dollars stand to profit from the trading imbalance between the two parties.

Well said.  Iraq does have a problem.  The people are edgy.  Now the question is how do they raise the dinar?  And will it only be in Iraq?  Can they do that?

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staunch Newbie

staunch

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Posted

From a Acquaintance of mine that lives in Iraq and he states with a Picture he sent ... While these folks are standing in Line these Folks are writing on the Currency 984067_3202754643870_219342861_n.jpgand the message is 

.............Translation a little off..But you get the Point...

I think that is a brilliant way to demonstrate peacefully. Currency reaches every level of society, so it is assured it will be seen. Might not change anything, but will be seen.

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Maggie123 Newbie

Maggie123

Posted
Posted (edited)

wow. great thread. so many brilliant minds....

 

Agree Supergirl :)

 

Thank You for all the great post... It sure has been making me think and I've been learning a lot.

 

Darin You Are Awesome... and Yeah Sandfly... So Good To Hear From You! I mean that in the best way.  :)

Edited by Maggie123
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