yota691 Posted January 18, 2016 Report Share Posted January 18, 2016 The exchange rate and the parallel market noise 1/19/2016 0:00 Mohammed Sharif Abu Mayssam uproar provoked in parallel for buying and selling the dollar market last Wednesday, which resulted in the exchange rate appreciation in less than six hours to around 40 dinars to the dollar gives a very clear indication of the ability of speculators in the recruitment propaganda in order to prejudice the market movement and specifically the exchange rate , which indicates the fragility of the first monetary stability and to wasting in the body of the commercial selection in the market about the rumors and propaganda fluent employed speculators at any time in order to turn a profit or hurt the economy national. The central bank, quickly lied reports that break into the premises, and stop Operations sell the dollar, stressing the continuation of the currency sale to finance foreign trade and meet the market needs of the dollar, but the fluctuations in the exchange rate has remained between 1250 to 1290 dinars to the dollar, it has not seen the market stable even writing this article, refers to a set of facts that should be recognized them to put processors in particular, and we are embarking on a phase will see more changes in the commercial and financial and monetary reality, and the first of these facts is the case of non-monetary stability, despite the significant attrition in central bank reserves resulting from the sale of the dollar in large quantities every day are not commensurate with oil revenues, if we know The function of the central bank next to his direct supervision on the performance of government and private banks is to maintain monetary stability and by, in order to create a stable climate for local and foreign investments that rely feasibility where a fixed rate in the price of studies of exchange. It is clear that the beneficiaries of the support selling the dollar at the central auction by the import of goods at a subsidized price is estimated at 1182 dinars to the dollar, do not just huge profits they earn them and following them due to the difference between the subsidized price and the price of the parallel market for imported goods, as well as the value added to the profit margin, as taking advantage of their control and monopoly of the market and they make noise when what they want motives may be suspicious business or in order to damage the situation of stability of other motives leave it to the reader, and remained this case is prevailing since the start of the work of the Central auctions to this day, which means that the monetary stability practical sense will not be achieved as long as the country in a state of political and security confusion and as long as the traders who enter the auction Central are the speculators in order to reap more profits, which calls for the central to search for another way to intervene in the market and achieve monetary stability, if the government and private banks to adopt and more banking offices licensed to sell the currency mechanism Court included the sale of the designated quantity and at a specific price per day for those who have savings in dinars Iraqi banks to ensure not fall into the «dollarization of the market» and damage the banking system based on encouraging savings in local currency, along with the importance of the work of bank credits to ensure go remittances to finance foreign trade in order to stop the attrition in the central reserves, and as long as measures conducive always more noise in the markets as a result tattoo speculators, and the government as long as the past in its austerity and reform, the need for seriousness in the implementation of any measures will be an order of urgency. We propose here to open the door to volunteers of the Central staff of government and banks to work within a team oversees the application of strict mechanism generally speculators to ease the damage to the poor classes during the next phase, as will experience of the middle class to a decline in its revenues due to adjustments in staff salaries and raise tax collection rates and collection services next to deductions Social Security and withholding support for the displaced folk crowd, what necessarily mean lower demand for luxury goods and entertainment services and non-essential goods rates, along with the importance of pressure on the departments of specialized banks to launch the Central Bank loans amounting to about 5 trillion dinars electronic mechanisms reduce red tape and corruption, after the private banks began firing small business loans supported by the Central also estimated trillion and 200 billion dinars, which means the possibility of meeting some of the local demand for goods, and thus relieve demand for the currency difficult and employment, especially since the application of customs tariff law, will add support for these elements available towards accelerating in finding solutions, but the foot-dragging and lack of seriousness would create a climate of noise speculators and users in order to raise prices, which requires condensation media to guide public opinion of the importance of relying on local product to limit the flow of the dollar abroad and activating the role of the real sectors and sectors chock her which will be placed in the service of the people and the national economy at the same time, and thus can skip to adapt the least damage on condition activating the laws that regulate market relations stage and in the forefront of the competition law and antitrust and consumer protection law and the law of work. The current stage through which the Iraqi economy that are linked one way or another to the war on pivotal terrorism and corruption together, you need ideas and work hard to get out of the turn of the financial crisis and economic rent to the path leading to economic development as little as possible of losses that can be visited on the poor in favor of the class the bourgeoisie created by the scourge of corruption and financial mismanagement. 2 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted January 18, 2016 Report Share Posted January 18, 2016 "Limit the flow of the dollar abroad." Sounds like good news to me! Quote Link to comment Share on other sites More sharing options...
TQueezy Posted January 18, 2016 Report Share Posted January 18, 2016 The wording at the beginning made it seem like 40 dinars per dollar! darn… Quote Link to comment Share on other sites More sharing options...
jeepguy Posted January 18, 2016 Report Share Posted January 18, 2016 t queezy I think that is what it says alright ... they must have had speculators in the mix , pump up the dinar something big time , or this is a look at what might be in the near future ! 40 dinar too 1 dollar ! I don`t even know what that would be ? in dollars and cents ... Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted January 18, 2016 Report Share Posted January 18, 2016 not the cash in value we were told at the start...but I have enough that it is a decent return...better than anything else is performing at this time take your dinar amount that you hold and divide it by 40,,,that is how much in american dollars 25 thousand dollars per each million you have 1 Quote Link to comment Share on other sites More sharing options...
Shedagal Posted January 18, 2016 Report Share Posted January 18, 2016 Snowglobe, got that calculator out? Ha, you beat me to it. Quote Link to comment Share on other sites More sharing options...
Laid Back Posted January 18, 2016 Report Share Posted January 18, 2016 40 dinars to a dollar is the difference between 1250 - 1290 Another article taking about the dinar exchange rate.! - Government officials taking about dinar exchange rate - Economists taking about the dinar exchange rate - CBI taking about the dinar exchange rate Something is going on.! We patiently wait. 5 Quote Link to comment Share on other sites More sharing options...
yota691 Posted January 18, 2016 Author Report Share Posted January 18, 2016 It Appreciated 40 Dinars in less then six hours Why does a currency appreciate? A currency appreciates as a result of increased demand for that currency on world markets: its value in the world market increases. This increase in demand can occur for several reasons: When a country's exports are high, the buyers of these exports need its currency to pay for those exports. and the flip side... What does it mean when a currency depreciates? Currency depreciation is the loss of value of a country's currency with respect to one or more foreign reference currencies, typically in a floating exchange rate system. 2 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted January 18, 2016 Report Share Posted January 18, 2016 Snowglobe, got that calculator out? Ha, you beat me to it. WE ALL DO IT!!!!! 1 Quote Link to comment Share on other sites More sharing options...
calkid11 Posted January 19, 2016 Report Share Posted January 19, 2016 Thank you Yota Quote Link to comment Share on other sites More sharing options...
Jaygo Posted January 19, 2016 Report Share Posted January 19, 2016 not the cash in value we were told at the start...but I have enough that it is a decent return...better than anything else is performing at this time take your dinar amount that you hold and divide it by 40,,,that is how much in american dollars 25 thousand dollars per each million you have . If your numbers are correct we would be looking at .025 cents per dinar. No way they come out that low. 1 Quote Link to comment Share on other sites More sharing options...
Flash101 Posted January 19, 2016 Report Share Posted January 19, 2016 Even if its @ 40 sell 1/2 and sit on the rest remember there will be a lot of crap coming like the sucker rate FYI. 101 2 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted January 19, 2016 Report Share Posted January 19, 2016 Even if its @ 40 sell 1/2 and sit on the rest remember there will be a lot of crap coming like the sucker rate FYI 101 Yep! Still not selling half. I'll wait it out. Quote Link to comment Share on other sites More sharing options...
Freedomwish Posted January 19, 2016 Report Share Posted January 19, 2016 Yep! Still not selling half. I'll wait it out. I'm with Jaygo on this. I'll hold out while my whiskey drinks keeps me company. Quote Link to comment Share on other sites More sharing options...
yota691 Posted January 19, 2016 Author Report Share Posted January 19, 2016 The exchange rate and the parallel market noise 01/19/2016 Uproar provoked in parallel for buying and selling the dollar market last Wednesday, which resulted in the exchange rate appreciation in less than six hours to around 40 dinars to the dollar gives a very clear indication of the ability of speculators in the recruitment propaganda in order to prejudice the market movement and specifically the exchange rate, which indicates the fragility of monetary stability first and to wasting in the body of the commercial selection in the market about the rumors and propaganda fluent employed speculators at any time in order to turn a profit or hurt the economy national. The central bank, quickly lied reports that break into the premises, and stop selling the dollar operations, stressing the continuing sell the currency to finance foreign trade and meet the market needs of the dollar, but the fluctuations in the exchange rate has remained between 1250 to 1290 dinars to the dollar, it has not seen the market stable even writing this article, refers to a set of facts that should be recognized for the development of treatments especially We are embarking on a phase will see more changes in the commercial and financial and monetary reality, and the first of these facts is the case of non-monetary stability, despite the significant attrition in central bank reserves resulting from the sale of the dollar in large quantities every day are not commensurate with oil revenues, if we know that the function of the central bank next to his direct supervision on the performance of government and private banks is to maintain monetary stability and by, in order to create a stable climate for local and foreign investments that rely feasibility of the studies on the fixed rate in the rate of exchange. It is clear that the beneficiaries of the support selling the dollar at the central auction by the import of goods at a price Powered estimated 1182 dinars to the dollar, do not just huge profits they earn them and following them due to the difference between the subsidized price and the price of the parallel market for imported goods, as well as the value added to the profit margin, as taking advantage of their control and monopoly of the market and they make noise when what they want motives may be trademarks suspicious or in order to damage the situation of stability of other motives leave it to the reader, and remained this case is prevailing since the start of the work of the Central auctions to this day, which means that the monetary stability practical sense will not be achieved as long as the country in a state of political and security confusion and as long as the traders who enter the central auction are speculators in order to reap more profits, which calls for the central to search for another way to intervene in the market and achieve monetary stability, if the government and private banks to adopt and more banking offices licensed to sell the currency mechanism Court included the sale of the designated quantity and at a specific price per day for those who have savings in Iraqi dinars in banks to ensure not to fall in «dollarization of the market» and damage the banking system based on encouraging savings in local currency, along with the importance of the work of bank credits to ensure go remittances to finance foreign trade in order to stop the attrition in the central reserves, and as long as measures conducive always more noise in the markets by the tattoo speculators, and as long as The government continues to its austerity and reform, the need for seriousness in the implementation of any measures will be an order of urgency. We propose here to open the door to volunteers of the Central staff of government and banks to work within a team oversees the application of strict mechanism generally speculators to ease the damage to the poor classes during the next phase, as will experience of the middle class to a decline in its revenues due to adjustments in staff salaries and raise tax collection rates and collection services next to deductions Social Security and withholding support for the displaced folk crowd, what necessarily mean lower demand for luxury goods and entertainment services and commodity rates of non-core, next to the importance of pressure on the departments specialized to launch the central bank loans banks amounting to about 5 trillion dinars electronic mechanisms reduce red tape and corruption, after the private banks began firing small business loans supported by the Central also estimated trillion and 200 billion dinars, which means the possibility of meeting some of the local demand for goods, and thus ease the demand for hard currency and employment , especially since the application of customs tariff law, will add support for these elements available towards accelerating in finding solutions, but the foot-dragging and lack of seriousness would create a climate of noise speculators and users in order to raise prices, which requires condensation media to guide public opinion of the importance of relying on local product to limit the dollar flow to the abroad and activating the role of the real sectors and sectors chock her which will be placed in the service of the people and the national economy at the same time, and thus can skip the adjustment stage the least damage on condition activating the laws that regulate market relations, particularly the competition law and antitrust and consumer protection law and the law of work. The current phase experienced by the Iraqi economy that are linked one way or another to the war on pivotal terrorism and corruption together, we need ideas and work hard to get out of the turn of the financial crisis and economic rent to the path leading to economic development as little as possible of losses that can be visited on the poor in favor of the bourgeois class created by the scourge of corruption and financial mismanagement. Quote Link to comment Share on other sites More sharing options...
Carrello Posted January 19, 2016 Report Share Posted January 19, 2016 Yota, thanks for the news, and thanks for going the extra mile to provide aditional information and caveats along the way. Your effort and time is appreciated. 2 Quote Link to comment Share on other sites More sharing options...
Boozer Posted January 19, 2016 Report Share Posted January 19, 2016 (edited) I was on IMF and was reading and somthing about Iraq VIII by end of Feb 2016, and a peg to the Dollar By end of Feb 2016, and a decrease in IQD must be first. I wanted to bring it over but can not. maybe its just a hang over from last nights drink fest.. But this is it.. Page 13 , 14.. B 19 and 20 http://imf.org/external/pubs/ft/scr/2016/cr1611.pdf Page 14 # 20 is what caught my eye Edited January 19, 2016 by Boozer 2 Quote Link to comment Share on other sites More sharing options...
Freedomwish Posted January 19, 2016 Report Share Posted January 19, 2016 I was on IMF and was reading and somthing about Iraq VIII by end of Feb 2016, and a peg to the Dollar By end of Feb 2016, and a decrease in IQD must be first. I wanted to bring it over but can not. maybe its just a hang over from last nights drink fest.. But this is it.. Page 13 , 14.. B 19 and 20 http://imf.org/external/pubs/ft/scr/2016/cr1611.pdf Page 14 # 20 is what caught my eye Dude....should this thing pop off as it somewhat indicates here, you and I will have many hang over nights lol - the first few rounds would be on me, thanks! Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted January 19, 2016 Report Share Posted January 19, 2016 Yota Thanks, Boozer...Good catch!! I do believe IMHO we will see rate change sooner. It seems CBI, GOI & Parliament seem to have a since of urgency based on previous articles published concerning exchange rate, taxes & important laws, etc. Let's pray for immediate RV. Keeping the faith!! GO RV!! 1 Quote Link to comment Share on other sites More sharing options...
Zanria Posted January 19, 2016 Report Share Posted January 19, 2016 The wording at the beginning made it seem like 40 dinars per dollar! darn… That is the problem with relying on translations to support anything happening in Iraq and with the Dinar Quote Link to comment Share on other sites More sharing options...
BJinMontreal Posted January 19, 2016 Report Share Posted January 19, 2016 Good job Boozer Quote Link to comment Share on other sites More sharing options...
Zcountess Posted January 19, 2016 Report Share Posted January 19, 2016 if they are to remain pegged to the USA dollar they must know they need a much higher rate ..BECAUSE WE WILL BE EXSPERIENCING INFLATION ON OUR DOLLAR VERY SOON....Not to mention many countries around the world are talking of depegging from the USA DOLLAR TOO .....look at saudi arabia they mentioned it recntly.and vietnam ..I hope they go the basket.but from the imf repert it looks like they will hang with us.THAT COULD BE A DISATER FOR THEM IF NOT A HIGHER VALUE.FOR THEIR CURRENCY. BUT YES SOMETHINGS COMING FOR REAL..! What this is in CHRISTINE LA GARDE'S box/ IMF is yet to be seen ! C.B.I HAS THE KEY NOW ....GET READY ...IT'S ABOUT TO GET OPENED.! 1 Quote Link to comment Share on other sites More sharing options...
tommyboy Posted January 19, 2016 Report Share Posted January 19, 2016 It Appreciated 40 Dinars in less then six hours Why does a currency appreciate? A currency appreciates as a result of increased demand for that currency on world markets: its value in the world market increases. This increase in demand can occur for several reasons: When a country's exports are high, the buyers of these exports need its currency to pay for those exports. and the flip side... What does it mean when a currency depreciates? Currency depreciation is the loss of value of a country's currency with respect to one or more foreign reference currencies, typically in a floating exchange rate system. I wonder what happens when Iran gets their oil being pumped and sold on the world market? Supply and demand. Supply up, demand not really increasing, IMO. Quote Link to comment Share on other sites More sharing options...
drj Posted January 19, 2016 Report Share Posted January 19, 2016 I was on IMF and was reading and somthing about Iraq VIII by end of Feb 2016, and a peg to the Dollar By end of Feb 2016, and a decrease in IQD must be first. I wanted to bring it over but can not. maybe its just a hang over from last nights drink fest.. But this is it.. Page 13 , 14.. B 19 and 20 http://imf.org/external/pubs/ft/scr/2016/cr1611.pdf Page 14 # 20 is what caught my eye Nice find, Boozer, and many thanks again to Yota! 1 Quote Link to comment Share on other sites More sharing options...
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