CBI says IQD to improve

[idplzr]

Don't Just Sing It - Bring It !

Thx For The Post IQD !

Thug, if your excited then I am too! I won't need thuggies though. Sorry

[Markinsa]

Link please to keep it in the Dinar News forum.

 

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[keepmwlknfny]

1180 dinars instead of 1184...that's the improvement I think they are talking about.  Of course, I would love to be wrong here.

Yep....gotta fix.the market rate first.....

[R Veyron]

I guess I can hang out for a few more days......

[Kimjackie]

Sounds all well and good to me , but doesnt it seem strange they would tell us this in advance  so people would buy more dinar or people who dont have dinar would buy it.  I get a queasy feeling in my tummy when I start to wonder like this and I cannot be the only one thinking like that. Does not make sense.

Edited July 24, 2013 by Kimjackie

[zigmeister]

Sounds all well and good to me , but doesnt it seem strange they would tell us this in advance  so people would buy more dinar or people who dont have dinar would buy it.  I get a queasy feeling in my tummy when I start to wonder like this and I cannot be the only one thinking like that. Does not make sense.

This is market value, not the exchange rate we await.  They need to bring market and the official exchange rate closer.

[swartzkaulf]

Not to be a stickler, but if this is in the news then where is the link to this story. Otherwise shouldn't it be in the rumors section? Just saying!

[MiuraDude]

How exactly will going from 1184 to 1180 provide "great benefit to the citizen", as stated in the article?

[IQD1217]

http://translate.googleusercontent.com/translate_c?depth=2&ei=WokBTPOiJZX4Na-tsTs&hl=en&nv=1&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26hs%3Dbh9%26rls%3Dorg.mozilla:en-US:official&rurl=translate.google.com&sl=ar&u=http://www.almasalah.com/ar/NewsDetails.aspx%3FNewsID%3D14708&usg=ALkJrhhRAl8Bbhy46odvWTBO33GqBKFT_w

[Markinsa]

If the article you are posting is more than 24hrs old, to prevent duplication of the same article being posted more than once, please search for the article in this forum before posting.

 

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[rvhope]

IQD to witness biggest improvement over the next few days, says CBI and committee membersPosted: July 24, 2013 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Chapter VII of the United Nations Charter, exchange rate, Iraq, Iraqi Central Bank, Iraqi dinar, List of banks in Iraq

Banking sources: expectations down the dinar against the dollar in the coming days

Parliamentary sources confirmed the economic, Tuesday, that the price of the Iraqi dinar will rise against the dollar’s decline in the coming days in the light of the steps taken by the Central Bank of Iraq.

A source in the Iraqi Central Bank for “obelisk”, “The parliamentary officials and economists praised the decline witnessed by the exchange rate of the dollar and the high price of the Iraqi dinar in the light of the steps taken by the Iraqi Central Bank and banks in this area, which is reflected in this activity.”

The source added that “it is expected to continue this decline of the dollar and that the Iraqi witness Iraqi dinar biggest improvement over the next few days, according to the Central Bank and indicators of market movement.”

Recommended that a report by the International Monetary Fund (IMF), Tuesday, Iraq pace of structural reform to boost growth and job creation in the private sector, and the need to continue the good governance of foreign reserves at the Central Bank of Iraq and the Development Fund for Iraq.

The banking source familiar confirmed for “obelisk” in (19 of July of this), that the Association of Iraqi banks agreed with the Central Bank to reduce the dollar exchange rate cash to 1180 dinars instead of 1184 Iraqi dinars as of last Sunday, with the expectation that you responded to all banks For this initiative, he pointed out that this reduction will bring great benefit to the citizen.

http://bit.ly/19hGDsA

 

[mrref]

LOL give me a break

[itsu not me]

Mrref just wondering what's so funny about this article

[robboys33]

Mrref just wondering what's so funny about this article

Cant you see this is just more talk and nothing else..We are looking for meat and potatoes..not popcorn and candy 

[ezrapound]

yeah, me too

[teresa43]

CBI web site says 1166, and they want to reduce it down to 1180 instead of 1184? something don't sound right.

[ReVbo]

CBI web site says 1166, and they want to reduce it down to 1180 instead of 1184? something don't sound right.

 

He's talking about what the Iraqi independent banks charge for the exchange. The banks buy it from CBI for 1179, giving the CBI a profit of 13 dinars per dollar, and the banks usually sell it for closer to 1200, but this guy is saying it's been 1184 until today. The banks have agreed to sell at almost zero profit to themselves. In fact, some of them agreed to sell for 1179, or no profit at all. The street rate has been as low as 1350 recently, so at 1180, Iraqis are getting a much better deal than they have been getting. 

 

The interesting part is why are the banks agreeing to make no- or almost no profit on their primary means of making money, the daily currency exchange where Iraqis pay a premium for the dollar? And why is this guy claiming that a 4 pip adjustment is a "great benefit?" That's a third of a penny, for goodness sake. 

[2fast4u2c]

CBI web site says 1166, and they want to reduce it down to 1180 instead of 1184? something don't sound right.

He's talking about what the Iraqi independent banks charge for the exchange. The banks buy it from CBI for 1179, giving the CBI a profit of 13 dinars per dollar, and the banks usually sell it for closer to 1200, but this guy is saying it's been 1184 until today. The banks have agreed to sell at almost zero profit to themselves. In fact, some of them agreed to sell for 1179, or no profit at all. The street rate has been as low as 1350 recently, so at 1180, Iraqis are getting a much better deal than they have been getting. 

 

The interesting part is why are the banks agreeing to make no- or almost no profit on their primary means of making money, the daily currency exchange where Iraqis pay a premium for the dollar? And why is this guy claiming that a 4 pip adjustment is a "great benefit?" That's a third of a penny, for goodness sake. 

This is why mrref lol at this article. 

Edited July 24, 2013 by 2fast4u2c

[SgtFuryUSCZ]

***///

 

 not the REAL Central Bank of Iraq....?

...some complete different agency: Complete Bulls**t Intel network?

 

Insignificant rate change.....Boo.  Hiss.

Edited July 24, 2013 by SgtFuryUSCZ

[Psych]

He's talking about what the Iraqi independent banks charge for the exchange. The banks buy it from CBI for 1179, giving the CBI a profit of 13 dinars per dollar, and the banks usually sell it for closer to 1200, but this guy is saying it's been 1184 until today. The banks have agreed to sell at almost zero profit to themselves. In fact, some of them agreed to sell for 1179, or no profit at all. The street rate has been as low as 1350 recently, so at 1180, Iraqis are getting a much better deal than they have been getting. 

 

The interesting part is why are the banks agreeing to make no- or almost no profit on their primary means of making money, the daily currency exchange where Iraqis pay a premium for the dollar? And why is this guy claiming that a 4 pip adjustment is a "great benefit?" That's a third of a penny, for goodness sake.

Exactly!

[WISKY291]

***///

 

 not the REAL Central Bank of Iraq....?

...some complete different agency: Complete Bulls**t Intel network?

 

Insignificant rate change.....Boo.  Hiss.

Sgt, now that was funny.

[hame55]

 

IQD to witness biggest improvement over the next few days, says CBI and committee members Posted: July 24, 2013 in Iraqi Dinar/Politics

Tags: Central bank, Central Bank Iraq, Chapter VII of the United Nations Charter, exchange rate, Iraq, Iraqi Central Bank, Iraqi dinar, List of banks in Iraq

Banking sources: expectations down the dinar against the dollar in the coming days

Parliamentary sources confirmed the economic, Tuesday, that the price of the Iraqi dinar will rise against the dollar’s decline in the coming days in the light of the steps taken by the Central Bank of Iraq.

A source in the Iraqi Central Bank for “obelisk”, “The parliamentary officials and economists praised the decline witnessed by the exchange rate of the dollar and the high price of the Iraqi dinar in the light of the steps taken by the Iraqi Central Bank and banks in this area, which is reflected in this activity.”

The source added that “it is expected to continue this decline of the dollar and that the Iraqi witness Iraqi dinar biggest improvement over the next few days, according to the Central Bank and indicators of market movement.”

Recommended that a report by the International Monetary Fund (IMF), Tuesday, Iraq pace of structural reform to boost growth and job creation in the private sector, and the need to continue the good governance of foreign reserves at the Central Bank of Iraq and the Development Fund for Iraq.

The banking source familiar confirmed for “obelisk” in (19 of July of this), that the Association of Iraqi banks agreed with the Central Bank to reduce the dollar exchange rate cash to 1180 dinars instead of 1184 Iraqi dinars as of last Sunday, with the expectation that you responded to all banks For this initiative, he pointed out that this reduction will bring great benefit to the citizen.

http://bit.ly/19hGDsA

 

this is just minor in country adjustment

[k98nights]

1184 to 1180..... not gonna benefit the citizens one bit....  total ca ca

[Tubbs]

GO RV @ $3.33

WM13

 

You will all see what  mean in a few days.

What you talkin about Willis ? 

 

Go RI settle for RV   

[Boozer]

4 pips, waste of my time