WowLewi Posted November 20, 2013 Report Share Posted November 20, 2013 From another site. Just bringing over the Rumor. 11-20-2013 Intel Guru Delta - The Arabic one (not English) the CBI has implemented a new policy that the banks in Iraq must be within 2% on all profit margins dealing with currency exchange. BASICALLY it means anyone selling their dollars to the bank for dinars would not get “fleeced”…why would they want to sell their dollars? because once Iraq gets put in to article 8 by the IMF, Iraq can only have 1 currency, (Dinar), article 8 means their currency is international!!! This new policy starts DEC 1st and JMO, after DEC 1st…Iraq feel free to raise the value if you like!!! Thoughts? 18 1 Link to comment Share on other sites More sharing options...
dontlop Posted November 20, 2013 Report Share Posted November 20, 2013 2 percent managed float 2 2 Link to comment Share on other sites More sharing options...
NWGUY Posted November 20, 2013 Report Share Posted November 20, 2013 Wow....thanks for the post!!! When Delta speaks.....some people listen!!! Like Adam said today, things are kind of quiet, and this time, right now, could be the calm, before the storm!!! Go RV or RI Soon!!! 10 1 Link to comment Share on other sites More sharing options...
mike5103 Posted November 20, 2013 Report Share Posted November 20, 2013 Please RV soon? 2 Link to comment Share on other sites More sharing options...
moose 57 Posted November 20, 2013 Report Share Posted November 20, 2013 Wow....thanks for the post!!! When Delta speaks.....some people listen!!! Like Adam said today, things are kind of quiet, and this time, right now, could be the calm, before the storm!!! Go RV or RI Soon!!! Glad you still have a positive attitude!!! 2 Link to comment Share on other sites More sharing options...
skitealwedrop Posted November 20, 2013 Report Share Posted November 20, 2013 Rumor? Is that what the members are deduced to? Why post? By the way it's snowing in Colorado, that is fact. Go snow!!! 3 20 Link to comment Share on other sites More sharing options...
zul Posted November 20, 2013 Report Share Posted November 20, 2013 (edited) Delta is referring to this announcement by CBI ~ http://cbi.iq/documents/Announcemen-A-13-11-2013.pdf ( To / approved banks exercise all banking / financial transfer companies approved all / exchange companies to bypass all (dollar selling prices) 11/13/2013 Beginning Dec. 1, 2013 all banking and financial transfer companies are directed to sell dollar at 1177 dinar per dollar. That is just 1% more of CBI price (#1166 dinar per dollar). If CBI were to maintain their commission of 13 dinar per dollar, we could possibly see a movement on CBI rate as well../ perhaps to 1164. Edited November 20, 2013 by zul 13 Link to comment Share on other sites More sharing options...
moultonn Posted November 20, 2013 Report Share Posted November 20, 2013 Delta is one of the few that have a clue and I am not sure he does, but I give him thank you for trying... Have a friend in Iraq that is not as excited as Delta... but who knows. Link to comment Share on other sites More sharing options...
outlawclg Posted November 20, 2013 Report Share Posted November 20, 2013 (edited) thanks Zul Edited November 20, 2013 by outlawclg 2 Link to comment Share on other sites More sharing options...
easyrider Posted November 21, 2013 Report Share Posted November 21, 2013 (edited) NO rumor this is FACT!!! this tells us they are ready to make a move whatever it may be. Edited November 21, 2013 by easyrider 14 3 Link to comment Share on other sites More sharing options...
fishing Posted November 21, 2013 Report Share Posted November 21, 2013 Thanks Easy! 1 Link to comment Share on other sites More sharing options...
katie45 Posted November 21, 2013 Report Share Posted November 21, 2013 (edited) LOL, multiple currency practice does not mean two currencies. Iraq will always have two currencies or more in country. Delta you should learn what that means before you make really outlandish stupid comments. You make my 6th grade class sound smart. http://www.imf.org/external/pubs/ft/sd/index.asp?decision=6790-(81/43) Donlop, this problem has nothing to do with the future plan (RV, or float) once the CBI meets the IMF conditons (2%) which is directly related to the in country official rate of the dinar and the market rate (black market). Edited November 21, 2013 by katie45 11 11 Link to comment Share on other sites More sharing options...
zul Posted November 21, 2013 Report Share Posted November 21, 2013 thanks Zul 1 Link to comment Share on other sites More sharing options...
WorkerBee Posted November 21, 2013 Report Share Posted November 21, 2013 NO rumor this is FACT!!! this tells us they are ready to make a move whatever it may be. I knew I would find you here. lol. 1 1 Link to comment Share on other sites More sharing options...
zul Posted November 21, 2013 Report Share Posted November 21, 2013 IMF MULTIPLE CURRENCY PRACTICES—POLICY "Action by a member or its fiscal agencies that of itself gives rise to a spread of more than 2 percent between buying and selling rates for spot exchange transactions between the member’s currency and any other member’s currency would be considered a multiple currency practice and would require the prior approval of the Fund." So, this new action by CBI & its fiscal agencies, to sell dollar within the spread of 2%, is equivalent to moving away from multiple currency practices and complying to IMF article 8 obligations. 8 1 Link to comment Share on other sites More sharing options...
easyrider Posted November 21, 2013 Report Share Posted November 21, 2013 (edited) the banks wont survive on a 2% spread without depositors. Well the only way to do that is make the value appealing to the citizens. hmm.. wonder how they will do that? by raising the value of their currency perhaps? at some point they have to start using their own currency instead of the U.s dollar. The show is over Iraq time to start showing your hand. Edited November 21, 2013 by easyrider 9 1 Link to comment Share on other sites More sharing options...
Texas1 Posted November 21, 2013 Report Share Posted November 21, 2013 the banks wont survive on a 2% spread without depositors. Well the only way to do that is make the value appealing to the citizens. hmm.. wonder how they will do that? by raising the value of their currency perhaps? at some point they have to start using their own currency instead of the U.s dollar. The show is over Iraq time to start showing your hand. And when the bombings die down, they can show us their hands........ 2 Link to comment Share on other sites More sharing options...
Boozer Posted November 21, 2013 Report Share Posted November 21, 2013 My stupid arss will wait till Dec 2nd and see what happens. 2 Link to comment Share on other sites More sharing options...
Texas1 Posted November 21, 2013 Report Share Posted November 21, 2013 My stupid arss will wait till Dec 2nd and see what happens. You're arss isn't stupid, big as a Disney cruise ship, but not stupid 2 1 Link to comment Share on other sites More sharing options...
DinarThug Posted November 21, 2013 Report Share Posted November 21, 2013 You're arss isn't stupid, big as a Disney cruise ship, but not stupid Okie's "Ship At Sea" Is Even Bigger ....... And Full Of Sea Men ....... 8 1 Link to comment Share on other sites More sharing options...
outlawclg Posted November 21, 2013 Report Share Posted November 21, 2013 If they are going to use one currency and not raise the value, we should invest in Iraqi wheelbarrows. 3 Link to comment Share on other sites More sharing options...
patb1 Posted November 21, 2013 Report Share Posted November 21, 2013 Okie's "Ship At Sea" Is Even Bigger ....... And Full Of Sea Men ....... :D OUCH Thats taking things a little to far out of hand 1 Link to comment Share on other sites More sharing options...
sandfly Posted November 21, 2013 Report Share Posted November 21, 2013 THANKS 1 Link to comment Share on other sites More sharing options...
hakunamatata80909 Posted November 21, 2013 Report Share Posted November 21, 2013 RV this year would be awesome. Been in this 10 years so far. I'm ready to be over it all. GO RV! 5 Link to comment Share on other sites More sharing options...
Shang Man Posted November 21, 2013 Report Share Posted November 21, 2013 NO rumor this is FACT!!! this tells us they are ready to make a move whatever it may be. Thanks!! 1 Link to comment Share on other sites More sharing options...
Recommended Posts