RVWITHME Posted June 29, 2013 Report Share Posted June 29, 2013 OK All, this is not the huge move yet, but any movement inthe rate indicates the RV may really be starting to move. Looks like maybe a float, but just bring it on... So hold on to those Dinars like a rope on a wild horse! After Iraq emerged from provisions of CH VII, IQD exchangerate soars against USD;Anticipates continues rise with confidencePosted: June 28, 2013 in Iraqi Dinar/Politics Tags: Chapter, Chapter VII, Chap29-06-2013Hours after Iraq concludes from the provisions of Chapter VII,the exchange rate of the Iraqi dinar soared against the dollar.As a member of the Association of private banks Saif Al hilfi,“Iraqi dinar exchange rate against the dollar has seen a return tonormal levels after Iraq output resolution of the provisions of Chapter VII.”John said in an interview for (News Centre for the Iraqi media network):“the rate of the dinar against the dollar stabilized at 1210 dinars per dollar,”pointing out that the coming days would witness continuous rise of the Iraqi dinar value.and John explained that override the provisions of Chapter VII a huge benefit,and that everyone has confidence in Iraqi dinar, Iraq has large financial reserves.The next phase will witness a new investment trend is popular companies andinvestors and citizens to invest in the Iraqi dinar, stressing that the economic scenereadings indicate a significant demand for the dinar will contribute to raising the pricepaid to foreign currencies. 9 Link to comment Share on other sites More sharing options...
saradise Posted June 29, 2013 Report Share Posted June 29, 2013 Sounds good to me!!! Let's do it!! Go RV!! Link to comment Share on other sites More sharing options...
noco Posted June 29, 2013 Report Share Posted June 29, 2013 Sure hope that's the case, but right now on the CBI it's still soaring at 1166/1164. 3 Link to comment Share on other sites More sharing options...
mr john Posted June 29, 2013 Report Share Posted June 29, 2013 Thats the kind of post I like to read over my morning cup of coffee. Link to comment Share on other sites More sharing options...
jon29 Posted June 29, 2013 Report Share Posted June 29, 2013 Did I miss something? 1200 dinar to 1 usd is not soaring, it's the usual. 3 Link to comment Share on other sites More sharing options...
RVWITHME Posted June 29, 2013 Author Report Share Posted June 29, 2013 Did I miss something? 1200 dinar to 1 usd is not soaring, it's the usual. The street rate was a lot higher (+/- 1275) vs the CBI rate. Confidence in the IQD is building in country and that's important. Link to comment Share on other sites More sharing options...
sandfly Posted June 29, 2013 Report Share Posted June 29, 2013 BRING IT 1 Link to comment Share on other sites More sharing options...
kenshin7 Posted June 29, 2013 Report Share Posted June 29, 2013 It is the 3rd paragraph that is compelling !!! That is the one I like Link to comment Share on other sites More sharing options...
Paitin Posted June 29, 2013 Report Share Posted June 29, 2013 Maybe I dont understand, but if the number of iqd per $ is higher, isn't that less value for the dinar? I mean if 1usd bought 1166 iqd and now you get 1200 for the same price . . . Maybe I'm not getting it. Someone help me please if I'm seeing it wrong. Thanks 5 Link to comment Share on other sites More sharing options...
dodah Posted June 29, 2013 Report Share Posted June 29, 2013 I agree, I like the 3rd paragraph as well. RV, Come to papa.. Link to comment Share on other sites More sharing options...
mrref Posted June 29, 2013 Report Share Posted June 29, 2013 Nothing changed..... 3 Link to comment Share on other sites More sharing options...
RVWITHME Posted June 29, 2013 Author Report Share Posted June 29, 2013 Maybe I dont understand, but if the number of iqd per $ is higher, isn't that less value for the dinar? I mean if 1usd bought 1166 iqd and now you get 1200 for the same price . . . Maybe I'm not getting it. Someone help me please if I'm seeing it wrong. Thanks The article was discussing the street rate (not the CBI rate). The street rate was a lot lower (IE: +/- 1275) now it has strengthened back to around 1200. This is a great sign as confidence return to the people who will only sell 1200 IQD's to get 1 USD whereas they were willing to give away 1275 IQD's to get 1 USD just a week ago. As Kinshin7 so kindly pointed out, it's that 3rd paragraph you should really be happy about. Hope that helps. 1 Link to comment Share on other sites More sharing options...
bamagirl Posted June 29, 2013 Report Share Posted June 29, 2013 Love it... Here we go!!! Link to comment Share on other sites More sharing options...
stealthwarrior Posted June 29, 2013 Report Share Posted June 29, 2013 No changes yet internationally Link to comment Share on other sites More sharing options...
Paitin Posted June 29, 2013 Report Share Posted June 29, 2013 Thanks RVWITHME! I see the difference. There really is a lot to know isn't there? Link to comment Share on other sites More sharing options...
Texas1 Posted June 29, 2013 Report Share Posted June 29, 2013 Street value is always going to differ from govt value. A kilo of pure..........never mind. go rv. 3 1 Link to comment Share on other sites More sharing options...
respectron Posted June 29, 2013 Report Share Posted June 29, 2013 (edited) Street value is always going to differ from govt value. A kilo of pure..........never mind. go rv. Haaa!!! Edited June 29, 2013 by respectron 1 Link to comment Share on other sites More sharing options...
pamelahart Posted June 29, 2013 Report Share Posted June 29, 2013 I am waiting for the news. praying There is a big bright GREEN LIGHT BY 11 AM TOMORROW. Link to comment Share on other sites More sharing options...
saradise Posted June 29, 2013 Report Share Posted June 29, 2013 I am waiting for the news. praying There is a big bright GREEN LIGHT BY 11 AM TOMORROW. Just curious....why 11am? That would be 6pm in Iraq on their Saturday evening when the bank is closed. I would think the earliest anything would happen would be our Saturday night (Iraq's Sunday). Link to comment Share on other sites More sharing options...
DinarThug Posted June 29, 2013 Report Share Posted June 29, 2013 Just curious....why 11am? That would be 6pm in Iraq on their Saturday evening when the bank is closed. I would think the earliest anything would happen would be our Saturday night (Iraq's Sunday). Ahh Don't Worry It Was A Newbie With Her First Post - She Probably Won't Even Be Up Before The Crack Of Noon ! 2 2 Link to comment Share on other sites More sharing options...
zigmeister Posted June 29, 2013 Report Share Posted June 29, 2013 Ahh Don't Worry It Was A Newbie With Her First Post - She Probably Won't Even Be Up Before The Crack Of Noon ! :D On a Saturday???? Well she might want to get a game of golf in by that time and some tequila sunrise's. 1 Link to comment Share on other sites More sharing options...
Texas1 Posted June 29, 2013 Report Share Posted June 29, 2013 Ahh Don't Worry It Was A Newbie With Her First Post - She Probably Won't Even Be Up Before The Crack Of Noon ! so the newbies on crack? I knew it 2 1 Link to comment Share on other sites More sharing options...
jordan1 Posted June 29, 2013 Report Share Posted June 29, 2013 OK All, this is not the huge move yet, but any movement in the rate indicates the RV may really be starting to move. Looks like maybe a float, but just bring it on... So hold on to those Dinars like a rope on a wild horse! After Iraq emerged from provisions of CH VII, IQD exchange rate soars against USD; Anticipates continues rise with confidence Posted: June 28, 2013 in Iraqi Dinar/Politics Tags: Chapter, Chapter VII, Chap 29-06-2013 Hours after Iraq concludes from the provisions of Chapter VII, the exchange rate of the Iraqi dinar soared against the dollar. As a member of the Association of private banks Saif Al hilfi, “Iraqi dinar exchange rate against the dollar has seen a return to normal levels after Iraq output resolution of the provisions of Chapter VII.” John said in an interview for (News Centre for the Iraqi media network): “the rate of the dinar against the dollar stabilized at 1210 dinars per dollar,” pointing out that the coming days would witness continuous rise of the Iraqi dinar value. and John explained that override the provisions of Chapter VII a huge benefit, and that everyone has confidence in Iraqi dinar, Iraq has large financial reserves. The next phase will witness a new investment trend is popular companies and investors and citizens to invest in the Iraqi dinar, stressing that the economic scene readings indicate a significant demand for the dinar will contribute to raising the price paid to foreign currencies. Just want to point out that at 1210 the dinar is soaring the wrong way ... it would be loosing value.....just saying 2 Link to comment Share on other sites More sharing options...
jon29 Posted June 29, 2013 Report Share Posted June 29, 2013 Just want to point out that at 1210 the dinar is soaring the wrong way ... it would be loosing value.....just saying Correct, that's why it makes no sense for people to say it is gaining value. If the dinar went from 1166 to say...1000 per 1 usd, then we would be getting more 'bang for our buck'. We'll wait and see what happens in the days to follow. 1 Link to comment Share on other sites More sharing options...
R2d2dc Posted June 29, 2013 Report Share Posted June 29, 2013 (edited) Is the newbie a plumber? Edited June 29, 2013 by R2d2dc 1 Link to comment Share on other sites More sharing options...
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