TBomb Posted June 13, 2013 Report Share Posted June 13, 2013 Three banks sell the dollar at a rate lower than the price statedAlsumaria News - 06/13/2013 - 7:26 pm | Hits: 2 Alsumaria News / Baghdadsaid the Iraqi Central Bank, on Thursday, on the sale of three banks for dollars at the lower Advertised price, considering that it came within the framework of supporting the Iraqi dinar exchange rate and the provision of foreign currencies is a facilitator for the citizens. , the bank said in a statement issued today, and received "Alsumaria News", a copy of "central bank governor received, today, a formal letter from the Association of Banks, includes a commitment to the announcement earlier initiative by three banks as a first stage to sell the dollar to the public at the price lower than the price advertised up to 1183 dinars to the dollar instead of 1189 for cash, and 1178 dinars to the dollar instead of 1184 for Documentary Credits. " He said the bank "that came within the framework of supporting the Iraqi dinar exchange rate and the provision of foreign currencies is a facilitator for the citizens," praising "This initiative represents a natural behavior that show by most banks the country." saw Iraqi market during the past few days, a gradual rise in the dollar exchange rates arrived to 1300 dinars to the dollar, after having stabilized the exchange rate from 1180 to 1200 dinars to the dollar for more than a year. noteworthy that the Iraqi Central Bank hold daily sessions for the sale and purchase of foreign currencies with banks The Iraqi merchants financed by the private sector, with the exception of public holidays in which the Bank stops for these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a certain commission. http://www.alrafedain.net/index.php?show=news&action=article&id=103599 3 Link to comment Share on other sites More sharing options...
zigmeister Posted June 13, 2013 Report Share Posted June 13, 2013 This is an interesting article, thank Tbomb! Link to comment Share on other sites More sharing options...
rocky808 Posted June 13, 2013 Report Share Posted June 13, 2013 Thanks if its a CBI adjusted rate then there is no loss to the bank just saying maybe the CBI can adjust it more aggressively Link to comment Share on other sites More sharing options...
ALBUNDY Posted June 14, 2013 Report Share Posted June 14, 2013 Central Bank: three banks sell the dollar at a lower price than the advertised price 13-06-2013 The Iraqi Central Bank announced the sale of three banks to the dollar at a lower price than the advertised price. The Bank said in a statement received (News Agency) a copy of: the Governor of the Central Bank received formal letter from the Association of banks, including its previously announced initiative three banks as the first stage of selling the dollar to the public at a lower price than advertised price up to 1183 dinars to the dollar instead of cash, and 1,189 1,190 dinars to the dollar rather than from 1184 to documentary credits '. Viewed: it came in support of the Iraqi dinar exchange rate and foreign exchange is accessible to citizens, praising the initiative, which is the normal behavior of most banks in the country Read more: http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.sotaliraq.com%2Fmobile-news.php%3Fid%3D104524 Link to comment Share on other sites More sharing options...
tilak Posted June 14, 2013 Report Share Posted June 14, 2013 YESSSSSSSSS.....promote the Dinar. GO RV. The dollar is truly worthless. 3 Link to comment Share on other sites More sharing options...
ALBUNDY Posted June 14, 2013 Report Share Posted June 14, 2013 Come on RV baby. Let's hope this roller coaster will end soon. Link to comment Share on other sites More sharing options...
sandfly Posted June 14, 2013 Report Share Posted June 14, 2013 I HOPE THIS MONTH Link to comment Share on other sites More sharing options...
Sweet baby dinar Posted June 14, 2013 Report Share Posted June 14, 2013 I wonder what keep thinks about this. 1 Link to comment Share on other sites More sharing options...
RAGARCIA62 Posted June 14, 2013 Report Share Posted June 14, 2013 I HOPE THIS MONTH I hope so too. Link to comment Share on other sites More sharing options...
jcfrag Posted June 14, 2013 Report Share Posted June 14, 2013 I wonder what keep thinks about this. I'm with you. Keep is always the perfect "devils advocate". Love to hear his response as it keeps my expectations in check, and after the past 3 years, it keeps me from stroking out after every disappointment..... : D 2 Link to comment Share on other sites More sharing options...
Francie26 Posted June 14, 2013 Report Share Posted June 14, 2013 YESSSSSSSSS.....promote the Dinar. GO RV. The dollar is truly worthless. LOL I wonder what keep thinks about this. haha Don't ask. (He'll tell you it doesn't amount to anything, just a small temporary adjustment). 1 Link to comment Share on other sites More sharing options...
waterman13 Posted June 14, 2013 Report Share Posted June 14, 2013 I'm with you. Keep is always the perfect "devils advocate". Love to hear his response as it keeps my expectations in check, and after the past 3 years, it keeps me from stroking out after every disappointment..... : D AhaaaHaaa. I knew it, keep IS the devil's lawyer! I just knew it! WM13 1 Link to comment Share on other sites More sharing options...
uncirculd Posted June 14, 2013 Report Share Posted June 14, 2013 They have done this before. The question I really am curious about is how much dinar has been pulled in? They have had quite a few high auctions lately. I know they were also trying to curb the inflation, but there is all the articles about new denominations, WTO, investments, et that are building up to a do or die. July could be some sort of message to this investment, and then again they could postpone new denoms, tariffs, etc etc. I guess it's like any other tidbit given to us, we can only wait and see. It's like Christ return, no one knows the day or hour, nor can they know. It will be a surprise like a thief in the night. I believe this dinar will do that to. So, why gurus out there think they can predict the dinar rv is beyond me, there have been numerous preachers/ministers predicting Christ return for centuries. All them look like fools after their predicted date comes and goes. Helloooooo ...................hence gurus are like ministers 2 Link to comment Share on other sites More sharing options...
DayTrader Posted June 14, 2013 Report Share Posted June 14, 2013 I wonder what keep thinks about this. Hmmm, didn't know mr keep really knew anything about this??? Is he an economist? Or a currency trader perhaps? Maybe he has a degree in banking? Probably not. I think he's a mechanic of sorts. When ever I have an important monetary question I always dash down to my local garage for some sound economic advice. Stop being sheep to a shepard who has never seen a sheep. So Says.........DayTrader 8 Link to comment Share on other sites More sharing options...
supergirl Posted June 14, 2013 Report Share Posted June 14, 2013 @daytrader - well done. 4 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted June 14, 2013 Report Share Posted June 14, 2013 ***/// Don't dis KEEP.... he's got skills. He offers us another point of view and allows for meaty debate. He is smart - he works on imports - those cars ain't easy to work on! Ya gotta almost be an engineer! He studies hard, works hard, banters well, takes a lot of guff around here and keeps puttin' out there for our consideration. He also appears to be a great Dad & husband and a Great American. We may not all agree with his points at times, but it does allow for healthy debate! and THAT's downright American, if ya ask us! 6 1 Link to comment Share on other sites More sharing options...
zigmeister Posted June 14, 2013 Report Share Posted June 14, 2013 I have seen some economists better fit for a bouncer at a titty bar. Link to comment Share on other sites More sharing options...
Boozer Posted June 14, 2013 Report Share Posted June 14, 2013 I love a titty bar with big bouncers 1 Link to comment Share on other sites More sharing options...
Sweet baby dinar Posted June 14, 2013 Report Share Posted June 14, 2013 Hmmm, didn't know mr keep really knew anything about this??? Is he an economist? Or a currency trader perhaps? Maybe he has a degree in banking? Probably not. I think he's a mechanic of sorts. When ever I have an important monetary question I always dash down to my local garage for some sound economic advice. Stop being sheep to a shepard who has never seen a sheep. So Says.........DayTrader He seems to have superior intelligence on the outcome of this investment. We should have keep teach us during a break out session. 1 Link to comment Share on other sites More sharing options...
Catluver67 Posted June 14, 2013 Report Share Posted June 14, 2013 I love a titty bar with big bouncers Lmao! I literally laughed out loud at work! Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted June 14, 2013 Report Share Posted June 14, 2013 ***/// Ya'll r' just a mess up in here...! Guess the afternoon heat is gettin' to ya'll...... ...big bouncers....... Link to comment Share on other sites More sharing options...
quadkidd1 Posted June 14, 2013 Report Share Posted June 14, 2013 As in a "pair " ............Me two~ er ah too! Link to comment Share on other sites More sharing options...
dillonsdinar Posted June 14, 2013 Report Share Posted June 14, 2013 ***/// Don't dis KEEP.... he's got skills. He offers us another point of view and allows for meaty debate. He is smart - he works on imports - those cars ain't easy to work on! Ya gotta almost be an engineer! He studies hard, works hard, banters well, takes a lot of guff around here and keeps puttin' out there for our consideration. He also appears to be a great Dad & husband and a Great American. We may not all agree with his points at times, but it does allow for healthy debate! and THAT's downright American, if ya ask us! I've always respected KEEP'S point of view, even if he's a pain in the arse sometimes, but that's just KEEPER whether you like him or not...he's alright in my book. 1 Link to comment Share on other sites More sharing options...
Recommended Posts