Zebra0101 Posted June 13, 2014 Report Share Posted June 13, 2014 Haven't seen it this low fir long time on XE.... Might just be a fluke... Picture of XE rate didn't load up. It was 1116.90. 2 Link to comment Share on other sites More sharing options...
The Machine Posted June 13, 2014 Report Share Posted June 13, 2014 Haven't seen it this low fir long time on XE.... Might just be a fluke... Picture of XE rate didn't load up. It was 1116.90. I see the same thing .... it's going the right direction but still a long way from where we need it to be. Link to rate page Link to chart IQD/USD seems to have happened around 19:40 UTC 3 Link to comment Share on other sites More sharing options...
dontlop Posted June 13, 2014 Report Share Posted June 13, 2014 I hope it does it again tommarro Just keep going Link to comment Share on other sites More sharing options...
arewethereyet777 Posted June 13, 2014 Report Share Posted June 13, 2014 Yes the XE app on my phone says the same thing 1116.90 It was at 1164 this morning, keep going that way! Link to comment Share on other sites More sharing options...
WheresmyRV? Posted June 13, 2014 Report Share Posted June 13, 2014 The IQD/USD rate goes up and down like that because of the rise and decline of the dollar. I wouldn't pay too much attention to this until the IQD becomes article 8 compliant. 2 Link to comment Share on other sites More sharing options...
dontlop Posted June 13, 2014 Report Share Posted June 13, 2014 if Iraq decides to accept the agreements under article 8 They may not ever want to Has Iraq ever agreed to article 8 Has the dinar ever been internationally acceptable or traded I don't think it has or was It has always been a local currency and they have always used the dollar for foriegn debts and trade I hope Iraq does accept the article 8 agreement of the IMF and moves to a market economy and the dinar is a tradable currency That will make it more valuable This 50 dinar movement is not something I've seen before Its held all Day too 1 Link to comment Share on other sites More sharing options...
The Machine Posted June 13, 2014 Report Share Posted June 13, 2014 if Iraq decides to accept the agreements under article 8 They may not ever want to Has Iraq ever agreed to article 8 Has the dinar ever been internationally acceptable or traded I don't think it has or was It has always been a local currency and they have always used the dollar for foriegn debts and trade I hope Iraq does accept the article 8 agreement of the IMF and moves to a market economy and the dinar is a tradable currency That will make it more valuable This 50 dinar movement is not something I've seen before Its held all Day too I do see your point but I would say it could be argued that the fact that the current dinar was bought and sold in banking institutions throughout the US and Europe that it has already been traded and accepted internationally. think about it, if they were to say that selling dinar through banks in the US and Europe didn't constitute a type of international trade and acceptance then why exactly did the banks sell it to us ......... they took our hard earned, legal, internationally acceptable cash (dollars/pounds/euros etc) and gave us what exactly..... toilet paper. No, I believe they gave us internationally acceptable currency ......... if they didn't, they could find themselves in court with a few million cases against them. 7 Link to comment Share on other sites More sharing options...
dontlop Posted June 13, 2014 Report Share Posted June 13, 2014 Makes sense to me machine Link to comment Share on other sites More sharing options...
Rayzur Posted June 14, 2014 Report Share Posted June 14, 2014 (edited) I do see your point but I would say it could be argued that the fact that the current dinar was bought and sold in banking institutions throughout the US and Europe that it has already been traded and accepted internationally. think about it, if they were to say that selling dinar through banks in the US and Europe didn't constitute a type of international trade and acceptance then why exactly did the banks sell it to us ......... they took our hard earned, legal, internationally acceptable cash (dollars/pounds/euros etc) and gave us what exactly..... toilet paper. No, I believe they gave us internationally acceptable currency ......... if they didn't, they could find themselves in court with a few million cases against them. Interesting point.... which leads me to wonder if those speaking about it being internationally traded in their own minds make the distinction of it being traded as on the XE, versus exchanged/traded at the local bank or exchange facility.... Indeed right now today you can exchange/ trade your dinar for other currencies all day long (at todays rate.. but you can exchange / trade it nonetheless)... hummmmmm...... thanks Machine!!. Edited June 14, 2014 by Rayzur 1 Link to comment Share on other sites More sharing options...
vomer Posted June 14, 2014 Report Share Posted June 14, 2014 I've been checking it every day for 3 years and haven't seen it this way Currency Rates Base currency is IQD. Rates as of 2014-06-13 19:09:00 UTC (GMT). Top 10 Currencies By popularity Currency Unit IQD per Unit Units per IQD USD United States Dollars 1,116.9000000000 0.0008953353 EUR Euro 1,511.6667442752 0.0006615215 GBP United Kingdom Pounds 1,895.1930985398 0.0005276507 CAD Canada Dollars 1,028.7744475745 0.0009720304 AUD Australia Dollars 1,049.7084223787 0.0009526455 JPY Japan Yen 10.9475372922 0.0913447448 INR India Rupees 18.7070073334 0.0534559046 NZD New Zealand Dollars 967.6557521079 0.0010334254 CHF Switzerland Francs 1,240.4471708775 0.0008061609 ZAR South Africa Rand 104.5574800189 0.0095641173 1 Link to comment Share on other sites More sharing options...
vomer Posted June 14, 2014 Report Share Posted June 14, 2014 It's still reading 1164 or 1165 on other converters. Link to comment Share on other sites More sharing options...
skeetdog Posted June 14, 2014 Report Share Posted June 14, 2014 Thanks Zebra0101....Yep, I quit years ago trying to convey this very concept. Back in late 03' when I purchased mine in country, Dad, may he rest in peace, informed me he could purchase Iraqi dinar all day long. Dad dealt mostly in precious metals but checked into the IQD when I ask him for his advise. I was informed to run from the Saddem dinars and that at that time the new dinars were not suppose to be available, being at the right place at the right time has it's advantages. Back to the topic; Bush had not signed the e/o clearing us to purchase the dinar. Dad said he could legally purchase over there but it wasn't out at that time. He said and I stand to it, that there are IMF laws and rules for trading currency and that if the registered exchanges dealt and sold the IQD then it had to be legal to purchase it. With that being said, I related that, to my demise, to this forum later in years. They were on me worse than a duck on a Junebug... Maybe yall can come over better than I did, I'll throw something out there for information and if I get the response I did back then...end of discussion. Just thought I'd give yall the heads up on my experience on this angle...I really didn't want to write an article on it...now I got to make some more coffee...who needs a cup.... 4 Link to comment Share on other sites More sharing options...
dontlop Posted June 14, 2014 Report Share Posted June 14, 2014 You can trade horse manure too you just need a buyer To trade currency is on demand Funny we agree to pay a fee for dinar its so far away to go get it ourselves I was told to support the mission in Iraq we should buy their currency Because it gives the currency dollars to back it up and some day it would be worth more money and you could sell it back Well today it's worth more and I could sell it back and make a small profit But the person who told me this told me it would revalue itself in 2016 I'm thinking 11 years So I wasn't going to dump all my money into something that 11 years later would pay me back So I only bought a small amount to stick in my safety deposit box The guy didn't have dinars to sell me he didn't tell me to go to any dealer I went home later and a couple weeks later is when I decided to look it up on the internet and find a place to buy them I saw cheaper places to buy dinar but I didn't trust them Then I saw one and I guess I liked the way they presented themselves So I bought some No tony TNT or okie even existed yet Their were no chat rooms No fake screen names fights No people pretending they had more intel then the next guy My intel is better than your intel Look at how good my story is compared to yours He can't even spell he can't know anything The charactor assignations all over status It got to be so rediculous that no one could believe any of them I think some media outlets in Iraq and other places jumped on board These stories we have heard over the past few years are for the most part made up Get used to the idea that we are not going to be getting any where near a dollar for each dinar that we hold Nothing close to that I'd say if we were to get 1/3 of a penny per dinar I will sell Ye $3333.33 per million I'd be gone But I'm not out yet no matter what I will wait the next two years out possibly all the way thru 2016 to the beginning of 2017 if necessary So no matter how bad this looks you can think of that nut dontlop still holding on to his dinar 1 Link to comment Share on other sites More sharing options...
dontlop Posted June 14, 2014 Report Share Posted June 14, 2014 To trade a currency on demand is what article 8 of the IMF is all about They agree to this under article 8 https://www.imf.org/external/pubs/ft/sd/index.asp?decision=1034-(60/27) External exchange of their currency 1. Article VIII provides in Sections 2 and 3 that members shall not impose or engage in certain measures, namely restrictions on the making of payments and transfers for current international transactions, discriminatory currency arrangements, or multiple currency practices, without the approval of the Fund. The guiding principle in ascertaining whether a measure is a restriction on payments and transfers for current transactions under Article VIII, Section 2, is whether it involves a direct governmental limitation on the availability or use of exchange as such. Members in doubt as to whether any of their measures do or do not fall under Article VIII may wish to consult the Fund thereon. Link to comment Share on other sites More sharing options...
dontlop Posted June 14, 2014 Report Share Posted June 14, 2014 ARTICLES VIII AND XIV There has been in recent years a substantial improvement in the balance of payments and the reserve positions of a number of Fund members which has led to important and widespread moves to the external convertibility of many currencies. Most international transactions are now carried on with convertible currencies, and many countries have progressed far with the removal of restrictions on payments. In consequence of these developments, it seems likely that a number of members of the Fund either have reached or are nearing a position in which they can consider the feasibility of formally accepting the obligations of Article VIII, Sections 2, 3, and 4. Previous decisions taken by the Fund, such as those on multiple currency practices, bilateral arrangements, discriminatory restrictions maintained for balance of payments purposes, and payments restrictions for security reasons, indicate the Fund’s attitude on these matters. The present decision has been adopted as an additional guide to members in pursuance of the purposes of the Fund as set forth in Article I of the Articles of Agreement. Link to comment Share on other sites More sharing options...
vomer Posted June 14, 2014 Report Share Posted June 14, 2014 This doesn't look like a 'fluke' to me. 1 Link to comment Share on other sites More sharing options...
umbertino Posted June 15, 2014 Report Share Posted June 15, 2014 (edited) I do see your point but I would say it could be argued that the fact that the current dinar was bought and sold in banking institutions throughout the US and Europe that it has already been traded and accepted internationally. think about it, if they were to say that selling dinar through banks in the US and Europe didn't constitute a type of international trade and acceptance then why exactly did the banks sell it to us ......... they took our hard earned, legal, internationally acceptable cash (dollars/pounds/euros etc) and gave us what exactly..... toilet paper. No, I believe they gave us internationally acceptable currency ......... if they didn't, they could find themselves in court with a few million cases against them. In a perfect world...Yes....But banks did dirty deeds in the past already.....Not exactly Ethic champions....We'll see.... Edited June 15, 2014 by umbertino Link to comment Share on other sites More sharing options...
calkid11 Posted June 23, 2014 Report Share Posted June 23, 2014 Thank you Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted June 23, 2014 Report Share Posted June 23, 2014 forex is open I believe.....any changes? Link to comment Share on other sites More sharing options...
stealthwarrior Posted June 23, 2014 Report Share Posted June 23, 2014 The rate? $0.00. Link to comment Share on other sites More sharing options...
TexasMike1958 Posted June 24, 2014 Report Share Posted June 24, 2014 (edited) the rate changed today.....its back to 1164.82 wth happened??? Edited June 24, 2014 by TexasMike1958 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted June 24, 2014 Report Share Posted June 24, 2014 PSYCH!!!! Link to comment Share on other sites More sharing options...
WheresmyRV? Posted June 24, 2014 Report Share Posted June 24, 2014 Link to comment Share on other sites More sharing options...
adlon Posted June 26, 2014 Report Share Posted June 26, 2014 Sounds like I should cash out and buy Lotto tickets. What the hell, the odds seem even. 1 Link to comment Share on other sites More sharing options...
rulesforrebels Posted July 19, 2014 Report Share Posted July 19, 2014 These things get posted all the time. All sites have glitches from time to time xe, oanda, all of them. Until the CBI says something different its not even worth posting. Link to comment Share on other sites More sharing options...
Recommended Posts