dontlop Posted August 24, 2014 Report Share Posted August 24, 2014 How do we know it's not a typo Link to comment Share on other sites More sharing options...
gregp Posted August 24, 2014 Report Share Posted August 24, 2014 How do we know it's not a typo Call and ask. 1 3 Link to comment Share on other sites More sharing options...
dontlop Posted August 24, 2014 Report Share Posted August 24, 2014 Did ya ever wonder why Iraq backs its dinar 100% I wonder if they knew it would just be a matter of time after USA left Iraq before the Ba'ath party would attack Can you imagine the dinar value if it were in a free float on the forex the day Isis invaded and the story's came out that the soldiers threw away their weapons and ran away? Just look at Kuwaitis dinar on the market when saddam invaded Iraqs would of been way worse They must of known this was inevitable and intelligence sources told them So backing it keeps the dinar value stable so they can defend themselves When the country is stable then maybe after a couple years they can rv and float their currency With the Kurds threatening the Iraqi govt along with the Sunnis harboring terrorists ya might think about putting this rv thing way in the future I don't think the Arabs are going to give the Kurds their oil That's not going to happen I think it would be a good idea to have a two party government oil system in Iraq Maybe they can monitor each other to stop the corruption The central govt can monitor the Kurds and the Kurds can monitor the central govts Two seperate oil bank accounts is probably the best solution But not with closed books They can keep corruption down by watching each other 1 1 Link to comment Share on other sites More sharing options...
djgabrielie Posted August 24, 2014 Report Share Posted August 24, 2014 No, you do not see a 50 pips increase. What you see is a misprint of 1116 and a poorly written article to boot! REF: Currency Auctions: 2751/2752 24-Aug 1,212 1,166 309,143 92,005 217,138 http://www.cbi.iq/documents/CBI_FOREIGN_EXCHANGE_AUCTIONS.pdf 1 Link to comment Share on other sites More sharing options...
dontlop Posted August 24, 2014 Report Share Posted August 24, 2014 If the Kurds got their hands on trillions of dollars worth of oil they could finance wars They could take over parts of Syria , turkey , and Iran That's why none of those country's want the Kurds to have their own country It would just be matter if time before they got to their country one at a time It would be hard to stop 25 million Kurds that are willing to die for that cause So I believe if the Kurds push and end up in a war over claiming their own country their oil pipeline would be shut down in turkey their borders would be shut down And the Kurds only ally would be isis Sunni counterparts Or just give up that idea 1 1 Link to comment Share on other sites More sharing options...
dontlop Posted August 24, 2014 Report Share Posted August 24, 2014 Let's see if the Kurds broke away They then have trillions of dollars in assets They then become a sovereign nation They then can buy jets they can buy missles, tanks what ever How hard would it be to take over the areas in those neighboring country's It wouldn't happen but a lot of people would be killed trying It wouldn't happen over night but over 30 or 40 years with arms build ups It could get pretty ugly over there Or they can all just move to Iraq sell off their assets in Syria Iran and turkey and bring that wealth with them But first they got to get the Arabs to give up trillions of dollars in oil to them 1 1 Link to comment Share on other sites More sharing options...
Boozer Posted August 24, 2014 Report Share Posted August 24, 2014 www.cbi.iq showing 1166 1 Link to comment Share on other sites More sharing options...
jeepguy Posted August 24, 2014 Report Share Posted August 24, 2014 give it 2 weeks ------- and then we will know what is what ------ > oh oh 3.oo per dinar 4 Link to comment Share on other sites More sharing options...
yota691 Posted August 25, 2014 Author Report Share Posted August 25, 2014 Central Bank calls for banks to adhere to, regardless of the Iraqi dinar at the official rate 23/08/2014 09:38 | Number of readings: 1957 Font Size: BAGHDAD / Source News / .. called the Iraqi Central Bank and private banks to adhere to the special mechanisms of the Iraqi dinar exchange price set by the central bank. A statement by the Central Bank seen by Agency / Source News / "The central bank is required of all private banks at the exchange rate of the dinar selected by him." He added that "the banks to adhere to this pledge uncles to ensure market stability and liquidity in the money markets." The central bank sets the exchange rate of the Iraqi dinar to the dollar by 1116danara George Aluahd.anthy / 19 p 1 Link to comment Share on other sites More sharing options...
blueskyline Posted August 25, 2014 Report Share Posted August 25, 2014 So my question is ......If the official rate is 1166 . Is the CBI saying to ahere to what rate they give private banks regardless of what the official rate of 1166 is . This reads like some sort of smoke screen to me . You private banks follow what rate I give you regardless of what rate (1166) we post? Link to comment Share on other sites More sharing options...
dontlop Posted August 25, 2014 Report Share Posted August 25, 2014 They buy the dinar for 1166 from the central bank then lose money on every exchange selling them at 1116 until they are broke 12 dinar equals just over a penny So 1166 -1116 ________ 50 dinar loss on every dollar exchanged Or around 4% loss on every dollar ? Link to comment Share on other sites More sharing options...
blueskyline Posted August 25, 2014 Report Share Posted August 25, 2014 Thank you Link to comment Share on other sites More sharing options...
chinadawg Posted August 25, 2014 Report Share Posted August 25, 2014 who knows, maybe 2 sets of books. 1-real 1-cooked Link to comment Share on other sites More sharing options...
gregp Posted August 25, 2014 Report Share Posted August 25, 2014 It sounds like they are going to drive up the rate. Link to comment Share on other sites More sharing options...
Hawaii 50 Posted August 26, 2014 Report Share Posted August 26, 2014 Maybe we might see this # In the coming days! Link to comment Share on other sites More sharing options...
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