New CBI announcement 01/17/2016

[yota691]

News & Announcements

 

• To  / all licensed banks  and  licensed money transfer all companies  and  financial investment companies and  broker the buying and selling of foreign currencies approved all companies(foreign exchange rate) 
  01/17/2016

[WheresmyRV?]

I like the last three words!  This has to be a good one.

[Wiljor]

I like the last three words! This has to be a good one.

I'm with you my friend, lets hope this is the beginning of the what we all want to see.

Good morning Yota and as always, much appreciated sir.

Edited January 17, 2016 by Wiljor

[Boozer]

ok i give up. will someone tell my dumb azz what this means

[tigergorzow]

Yota Thanks, Please just RV your currency and give your citizens the purchasing they deserve. The opportunity is slipping away slowly but surely.

Keeping the faith!!

GO RV!!

[davis411]

Yota Thanks, Please just RV your currency and give your citizens the purchasing they deserve. The opportunity is slipping away slowly but surely.

Keeping the faith!!

GO RV!!

ahhhhhh come on  you made a typo

 

give davis the purchasing power he needs

[blueskyline]

Yeah . Those last 3 words . Full of Villa ownership dreams on one of those Islands named after a Saint and Trust funds and College tuition for loved ones 

[tigergorzow]

davis411, Rgr that....Pls give all of DV there fair share as well of the RV 1 to 1 or 2 to 1 would be extremely a Win Win!!

GO RV!!

[Officiallytook]

Bump

[Laid Back]

Foreign exchange rate is the conversion of one country's currency into that of another.

CBI is getting ready to go international.

Go CBI

Go monetary reform

Go dinar

Go increase exchange rate

Go $1:1

Go 2016

[betsy1949]

ok i give up. will someone tell my dumb azz what this means

Sorry, Boozer, but I am right there with you.  I could use a translator.

[Candy01]

Wiljor and tiger, I hope so TOO!!

 

[Officiallytook]

Donde es translay-tiòn. Lmfao

[jim1126]

Here is the translation of the PDF attached to this announcement:

 

It says according to the decision dated that the central bank of Iraq grants the international price which is the real equivalent rate for the foreign currencies.

(The CBI grants international price)

And in order to determine its value of trading of these currencies in the yearly report.

More over the yearly report should state clearly the above mentioned data that define the real value according to the international ratings.

Directed to the banks and financial institutes that deals with the money and foreign money moreover

And that is effective since the 1^st of January 2016

[calkid11]

Thank you

[Officiallytook]

Thanks a million...now that's interesting... Did they file this, so when they do change the rate it's like here look we told you so...also tags in to that voodoo economics they spoke about awhile back, all in all I like everything coming out of Iraq right now, tike for the reinstatement

[Freedomwish]

Here is the translation of the PDF attached to this announcement:

 

It says according to the decision dated that the central bank of Iraq grants the international price which is the real equivalent rate for the foreign currencies.

(The CBI grants international price)

And in order to determine its value of trading of these currencies in the yearly report.

More over the yearly report should state clearly the above mentioned data that define the real value according to the international ratings.

Directed to the banks and financial institutes that deals with the money and foreign money moreover

And that is effective since the 1^st of January 2016

 

Here's to hoping for at least 1 to 1!!  Keeping the faith!!! 

[SnowGlobe7]

hummmmm sounds pretty interesting

[Jaygo]

Very interesting

[Gypsygirl11]

Thanks Jim1126! Sounds promising. 

[djgabrielie1]

 

News & Announcements

 

• To  / all licensed banks  and  licensed money transfer all companies  and  financial investment companies and  broker the buying and selling of foreign currencies approved all companies(foreign exchange rate) 

  01/17/2016

 

Who is to say if the announcement is good or bad or just a statement that it will be 1180 until they actually publish the foreign exchange rate? Why didn't they do that? Sure is a nebulous announcement. We continue to hope for the best.

[yota691]

Thanks Jim..Here one article that states Real Rate....

The central bank plans to unify the exchange rate of the dollar sold in the auction and the market

01/14/2016

 
 
BAGHDAD / JD / .. revealed to the economic and investment commission in Parliament about the government's determination obliging the Central Bank of the consolidation of the dollar exchange rate in the auction sold the domestic market, likely raising the value of the dollar against the dinar in the shadow of the financial crisis in the country.
He said committee member Rep. Najiba Najib told / JD / that there is an urgent need for the government to reconsider the monetary policy of the country, the fact that there is a real rate of the dinar against the US dollar because of the current dinar price of 1,166 is the same as when it was sold for a barrel of oil for $ 111. She added that the financial crisis facing the country as a result of the drop in oil prices to unprecedented levels require the lifting of the dollar exchange rate against the dinar and will resort to it the government requiring the central bank in addition to the unification of the exchange rate at the central bank auction and in the local commercial market, where the dollar exchange rate at auction Central dinars in 1190, while the market in 1240 dinars. / end / 8 /

Read more: http://dinarvets.com/forums/index.php?/topic/214410-the-central-bank-plans-to-unify-the-exchange-rate-of-the-dollar-sold-in-the-auction-and-the-market/#ixzz3xYZEylbZ

[Jaygo]

Unification of the exchange rate.. Me likey!!

u·ni·fi·ca·tion

ˌyo͞onəfəˈkāSH(ə)n/

noun

the process of being united or made into a whole.

[TQueezy]

Real rate = what it is trading for compared to the US dollar in the public markets in Iraq. That's it. They've been saying they need to get to the market rate for stability before they can do much with their currency.

 

Sorry guys, I don't see how there's some magical underlying rate that's been hidden but kept alive since before Saddam's reign when it was around $2.50 or so per dinar. I don't think it works that way. No other country has ever done that. And please don't say Kuwait…

[MyLadiesDaddy]

And please don't say Kuwait…

 

Yes, please don't, I mean we wouldn't want something like facts to get in the way.

 

How about Germany, or Japan, or Great Briton, all countries that have been ravished by 

 

war and lost most of the value in their currency only to come back again.