yota691 Posted April 9, 2015 Report Share Posted April 9, 2015 Central Bank doubles the share of banking companies from the dollar to curb the rise Author: ASJ, HH Editor: AB, HH 04.09.2015 12:38 Number of Views: 150 Long-Presse / Baghdad Decided to CBI, on Thursday, doubling the share of banking companies of the dollar, while allowing banks Rafidain and Rasheed and Trade open windows to sell the dollar for banking companies and small importers to reduce the high rate of exchange in front of the Iraqi dinar. The central bank said, in a brief statement issued today, and received a (long-Presse), a copy of it, he "decided to double the share of banking companies of the dollar." He said the central bank, that "allowed the banks Rafidain and Rasheed and Trade open windows to sell dollars to banking companies and small importers." The past few days have seen a significant rise in the US dollar against the Iraqi dinar for up to 1,340. He was an economic adviser to the Iraqi Council of Ministers counting, in (30 March 2015), that the rise in the dollar's exchange rate against the dinar "serve" Iraq, through the creation of the phrase "positive" variables such as the provision of new jobs and stimulate different working local production sectors, indicating that the low price represents a "support" for foreign importer at the national account. Read more: http://dinarvets.com/forums/index.php?/topic/200455-the-continuing-decline-in-the-price-of-the-dinar-against-the-dollar-and-calls-for-the-central-banks-to-reconsider-recent/#ixzz3WoXmAQvr 9 Link to comment Share on other sites More sharing options...
skeetdog Posted April 9, 2015 Report Share Posted April 9, 2015 Thanks Yota.... 4 Link to comment Share on other sites More sharing options...
"Fred" Posted April 9, 2015 Report Share Posted April 9, 2015 Thanks Yota.... Morning yota morning dog and the rest of dv 1 4 Link to comment Share on other sites More sharing options...
Texstorm Posted April 9, 2015 Report Share Posted April 9, 2015 Good Morning all ! I'm ready for something of great substance, like an RV ! otherwise I'll just keep working 2 Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 9, 2015 Report Share Posted April 9, 2015 Thanks Yota. At least this group is doing something. 3 Link to comment Share on other sites More sharing options...
NeedRv Posted April 9, 2015 Report Share Posted April 9, 2015 Is this good news?? Iraq is talking about allowing more US dollars to be put on the streets?.... you would think they would RV and PUT DINAR on the streets instead of the dollar..... go figure... 3 steps forward and then 4 steps back.... 3 1 Link to comment Share on other sites More sharing options...
Wiljor Posted April 9, 2015 Report Share Posted April 9, 2015 I still believe they are trying to line up all their ducks before they make us all happy. HCA to HCL banking, security, training the military and so on. 2 Link to comment Share on other sites More sharing options...
CaptainBVI Posted April 9, 2015 Report Share Posted April 9, 2015 Makes sense in an optimistic kind of way. Utilize the multiple mechanisms in place to remove as much local currency as possible from the streets prior to making some kind of move. Link to comment Share on other sites More sharing options...
magawatt Posted April 9, 2015 Report Share Posted April 9, 2015 Every dollar on the street takes 1300+ dinars out of circulation. 4 Link to comment Share on other sites More sharing options...
Laid Back Posted April 9, 2015 Report Share Posted April 9, 2015 Flooding the streets with dollars will help to reduce the note count to 1 billion and help the dinar from loosing more value Go CBI Go dinar Go strong 1+ 5 Link to comment Share on other sites More sharing options...
Freedomwish Posted April 9, 2015 Report Share Posted April 9, 2015 Flooding the streets with dollars will help to reduce the note count to 1 billion and help the dinar from loosing more value Go CBI Go dinar Go strong 1+ Laidback, Where I'm slightly lost for the moment if this is the move - where would this scenario put us Dinar holders outside the county of Iraq? The collection of our notes is to come once the CBI hits that button, yes? Probably their continued "in-house" test like the clean up of the 50 Dinar note in a couple of weeks? 1 Link to comment Share on other sites More sharing options...
TQueezy Posted April 9, 2015 Report Share Posted April 9, 2015 Oh, this same old song and dance again? Flooding the streets with El Dinero in hopes people will bring in all the IQD notes to banks and they can secretly remove them from the active money supply and increase the exchange rate between IQD and USD? I don't buy it, no pun intended. This is not how things should be done. Not that I have the answer, but this process doesn't make any logical sense whatsoever to me. Go ahead Iraq, I'll just wait patiently with my paltry amount of dinar until I can exchange it for a nice USD payday down the road. Link to comment Share on other sites More sharing options...
millionaire in training Posted April 9, 2015 Report Share Posted April 9, 2015 Flooding the streets with dollars will help to reduce the note count to 1 billion and help the dinar from loosing more value I have also read that . They are trying to reduce the count to 1 billion. where would this scenario put us Dinar holders outside the county of Iraq? I've also heard that the dinar that we hold won't be going back to Iraq. The treasury will be holding on to it . The reduction of the notes is for in country not outside of Iraq. 2 Link to comment Share on other sites More sharing options...
Freedomwish Posted April 9, 2015 Report Share Posted April 9, 2015 I've also heard that the dinar that we hold won't be going back to Iraq. The treasury will be holding on to it . The reduction of the notes is for in country not outside of Iraq. Okie dokie, thanks MIT 1 Link to comment Share on other sites More sharing options...
gymrat76541 Posted April 9, 2015 Report Share Posted April 9, 2015 This switch allowing banks to sell dollars is making money going into someone's pockets! It ain't being changed to help the system or the people! You can bank on THAT! 1 Link to comment Share on other sites More sharing options...
deniscanada Posted April 9, 2015 Report Share Posted April 9, 2015 OCR Bing Translation CBI ت— doubling the share of banking serkat 0 0The CBI has so let lmsanf and rational and the aquatic trade by opening Windows to sell the dollar for sorbet alsinfah and small importers 0 0 Link to comment Share on other sites More sharing options...
uncirculd Posted April 9, 2015 Report Share Posted April 9, 2015 (edited) Is this good news?? Iraq is talking about allowing more US dollars to be put on the streets?.... you would think they would RV and PUT DINAR on the streets instead of the dollar..... go figure... 3 steps forward and then 4 steps back.... I don't see this as great at all. It just spreads the opportunity to sell the dollar with more facilities instead of daily auctions. Another way to keep the dinar strong. I don't mind if it keeps it value. I don't want them to lose value and not be able to increase the exchange rate. It just tells me, they need more investment and financial security laws, along with curbing laundering. So, the banks are making money with this option and that's not bad. We want them to make money, cause eventually we will. Edited April 9, 2015 by uncirculd 3 Link to comment Share on other sites More sharing options...
Laid Back Posted April 10, 2015 Report Share Posted April 10, 2015 Laidback, Where I'm slightly lost for the moment if this is the move - where would this scenario put us Dinar holders outside the county of Iraq? The collection of our notes is to come once the CBI hits that button, yes? Probably their continued "in-house" test like the clean up of the 50 Dinar note in a couple of weeks? Freeddomwish, The only thing I'm worry about is that iraq can continue using dinar at 1166 for long time..... Like China keeping the Yuan undervalued The collection of our notes will be when the CBI increase the exchange rate. Let's see what happens in April 30 when the 50 dinar note will be out of circulation 2 Link to comment Share on other sites More sharing options...
sandfly Posted April 10, 2015 Report Share Posted April 10, 2015 THANKS 2 2 Link to comment Share on other sites More sharing options...
wbuse984 Posted April 10, 2015 Report Share Posted April 10, 2015 (edited) Taking Dinar in country out of circulation by getting citizens to grab dollars...if the citizens do that, if it RV's, they would be losers on the exchange from Dollars back to Dinar...hmmmm...makes my head hurt...need beer :cheesehead: :cheesehead: Someone negged you Sandfly...so I evened you out...weird... Edited April 10, 2015 by wbuse984 Link to comment Share on other sites More sharing options...
drj Posted April 10, 2015 Report Share Posted April 10, 2015 Freeddomwish, The only thing I'm worry about is that iraq can continue using dinar at 1166 for long time..... Like China keeping the Yuan undervalued The collection of our notes will be when the CBI increase the exchange rate. Let's see what happens in April 30 when the 50 dinar note will be out of circulation I have to agree. It is quite possible that they could continue at 1166 forever no matter what the gurus say. Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted April 10, 2015 Report Share Posted April 10, 2015 FOREVER!!????????!!! 1 Link to comment Share on other sites More sharing options...
umbertino Posted April 10, 2015 Report Share Posted April 10, 2015 THANKS Tashakkur ( Thanks in Afghan) Link to comment Share on other sites More sharing options...
skeetdog Posted April 10, 2015 Report Share Posted April 10, 2015 The IMF for the past decade have been workin' to the point they're at now. To mandate every nation/country to value their currency to its' appropriate values...This's the under layin' continent that'll keep the ''China Centrum'' from happenin' again...I've viewed article on this forum that described this very process...The timin' is of great interest as it may be a factor that's causin' the stalling of purchasin' my Catamaran...The IMF wants every currency to reflect its' true value...China havin' to increase their currency forced them to the Iraqi table....to help or as a write off, either way the little slant eyes' are smart enough to know a win win situation when it appears...Iraq will not be allowed to pull another China-Deal and the international community are all over this.... Link to comment Share on other sites More sharing options...
Freedomwish Posted April 10, 2015 Report Share Posted April 10, 2015 Freeddomwish, Let's see what happens in April 30 when the 50 dinar note will be out of circulation Yep, my fuzzy feeling inside tells me April 30th is gonna' be a key date of things to happen....we shall see. Thanks LB. 1 Link to comment Share on other sites More sharing options...
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