Stability of the exchange rate of the Iraqi dinar and some currencies at closing

[Floridian]

1 hour ago, cws said:

So,  it's early yet.  Still drinking my coffee. 

If my math is right...

$20,000 per million Dinar???

where can I exchange a mill?

 

 

https://www.xchangeofamerica.com/stores/index

[blueskyline]

There are conflicting articles. The other articles reads as in taking 5000 Dinar from the rate of 125.500 thousand Dinar to the dollar . This one reads like 5000 to 100 dollar ???

[vato96]

[vomer]

Is it unusual for the IQD to be unavailable on the forex exchange site?  Or maybe I just can't find it.

https://www.ofx.com/en-us/s/forex-rates/?cid=2033&gclid=Cj0KEQiAxeTFBRCGmIq_7rGt_r8BEiQANdPqUv23_6u2uKcOwx_8PCHCD_UglbyEGP-V2vYpUuzFXhYaAn6-8P8HAQ&gclsrc=aw.ds&dclid=CMHvz6zeutICFROCaQodx1kHIg

[bostonangler]

10 minutes ago, vomer said:

Is it unusual for the IQD to be unavailable on the forex exchange site?  Or maybe I just can't find it.

https://www.ofx.com/en-us/s/forex-rates/?cid=2033&gclid=Cj0KEQiAxeTFBRCGmIq_7rGt_r8BEiQANdPqUv23_6u2uKcOwx_8PCHCD_UglbyEGP-V2vYpUuzFXhYaAn6-8P8HAQ&gclsrc=aw.ds&dclid=CMHvz6zeutICFROCaQodx1kHIg

try this

http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=IQD

[mlay901]

2 minutes ago, bostonangler said:

try this

http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=IQD

Thanks bostonangler...Hate to say it, but until it is on a website like this, or this : http://www.cbi.iq/ , it is just another news article coming out on a Friday...(payday!)  Don't but more than you can afford to lose ya'll!!!

[Oilwizard]

Interesting that the link to the article with the rate of 5000 dinars to $100 does not pull up. Maybe it was inserted by someone that hoped for the rate at the end of the article and Yota re-posted it.

[notaguru]

52 minutes ago, mlay901 said:

Thanks bostonangler...Hate to say it, but until it is on a website like this, or this : http://www.cbi.iq/ , it is just another news article coming out on a Friday...(payday!)  Don't but more than you can afford to lose ya'll!!!

Agreed. Waiting for the confirmation on an "official" source before I begin to par-tay,...although this is nice to see.

[copper13]

Is it possible that the CBI just set the starting rate? Other countries Like Saudia Arabia could be exchanging Now? In a few days it could open live on the For Ex, and then the supply and demand side shoots the dinar value through the roof???🙏

[vomer]

I already know about the XE site.  Why is it not on the Forex site?  I'm looking for that yummy suspicious morsel of evidence.

[Jaygo]

Stop looking. There has been no RV. Until it is posted on cbi.iq the numbers don't matter. 

[DoD]

42 minutes ago, notaguru said:

Agreed. Waiting for the confirmation on an "official" source before I begin to par-tay,...although this is nice to see.

notaguru, here is your "official" source an results of the Dinar exchange rate as of today...it took me 45 seconds to find it. The 5000 Dinars that the article is referring to is the "SAVING" you got that day when you purchased a 100 US dollar. I can't help but laugh at how people somehow read an RV into that article.....LMAO

 

[Flamtap]

Thanks Yota.......What a ride this is......

I'll reserve until Adam chimes in.......

Go DV

Go RV

Go to the Bank and Cash In

Suddenly

[davis411]

i am drunk already

1.02 right

[yota691]

A significant decline in the dollar's exchange rate against the dinar

 

 

4/3/2017 0:00  Central applied a new system to take foreign currency sale  BAGHDAD / Mustafa Hashimi  witnessing the markets these days , a decline in the dollar 's exchange rate against the dinar after it reached record levels during the past two years due to determine the year 's budget law of 2015 the central bank to sell the amount of dollars less than about one - third of the demand has led the high price of the dollar until the last of the month of February , which began experiencing significant declines week.  Economic academic Imad Rashid sees the need for a guarantee to be of the same coin value of close economic and acceptable in the official and free markets.  Rashid pointed out in his speech for the "morning" to be re - dinar exchange in the market price to the previous rates coincided with the intervention of the Central Bank of the enforcement of the monetary policy of devaluation of the dollar with the organization of the offer him tools, explaining that these actions of would achieve a balance in demand purchase of foreign currency.  The central bank said the decline in the US dollar exchange rate of the dinar in the local markets, came after the new system applied to window selling foreign currency, confirming its intention to take additional measures to reach the target price.  Rashid said coordination between the central bank and private banks , and added a significant role in maintaining the stability of the foreign currency exchange rate against the local, calling for greater between the two rates convergence (official market) by restoring control in the exchange rate represented the government supervises through the adoption of a deliberate mechanisms by the Central .  He pointed out that the stability of the currency exchange rates to protect against market risk volatility between decline or sudden and rapid rise in turn affect the general inflation rate.  Under Maishdh country, the intervention policy to adjust the exchange rate towards the achievement of stability helps to report the exchange rate equals the supply and demand for foreign currency, explaining the need to install the official exchange rate close to the level of equilibrium which would put maximum ranges and minimum exchange rate and be allowed to fluctuate between those limits and therefore reflected the stability of the markets.  The central bank said in a statement that " the implementation of the new system applied to a window sale of foreign currency led to a marked decline in the exchange rate of the dollar against the Iraqi dinar , " noting that " the new system removed the middlemen and hackers by changing requirements and actions toward simplification and transparency in selling foreign currency window operations, as the new system of window competition between banks believe on the basis of the extent of compliance with the rules to combat money laundering and terrorist financing. "  The bank added that " the success of the new system are encouraged to take additional measures that the legitimate demand for the dollar up to the target price by applying programs and new standards and rules to achieve a clear and transparent cover those operations."  The bank noted that "control over the exchange rates in light of the challenges of economic, financial and security situations are recorded monetary policy success in absorbing large shocks to Iraq , " stressing that " the improvement in oil prices and the elimination of the " Daesh "terrorist will be Mata significant impact in supporting the situation financial of the country, thus relieving the pressure on monetary policy and to allow them the opportunity to achieve greater monetary stability to this country. "  The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.

[Tonygrasso]

The article, as I see it, says the price of 100 US dollars has gone down 5000 dinars from 125000 to 124500.

[Gypsygirl11]

11 minutes ago, Tonygrasso said:

The article, as I see it, says the price of 100 US dollars has gone down 5000 dinars from 125000 to 124500.

Did you mean from 125000 to 120000?

[sandfly]

Come on.25

[Mask Phantom]

We're in the money. .....

Dah, dah, dah, daaaaa, dah

Dah, dah, daaaaa, daaaaa

Smiling. 

[King Bean]

12 hours ago, yota691 said:

The central bank said......confirming its intention to take additional measures to reach the target price. 

I can highly recommend a target price of 1:1. Clean, simple, to the point, easy on the eyes. What say you CBI ?? THAT'S what I call significant !! 

Edited March 4, 2017 by King Bean

[Gypsygirl11]

5 hours ago, sandfly said:

Come on.25

Think big SF....$1.20 darling.

[Freedomwish]

23 hours ago, Jaygo said:

Stop looking. There has been no RV. Until it is posted on cbi.iq the numbers don't matter. 

Or until I get over my hangover this morning  and wait until we receive big bro Adam's RV email/text message alert, I'll be having more drinks later tonight and continue to dreeeeeeam. Yup. 

[MyLadiesDaddy]

16 hours ago, Gypsygirl11 said:

Did you mean from 125000 to 120000?

I'm just a dumb a$$  Santa Truck driver but that is what I see also. And if that is the case then this is HUGE. Because that would put it around the 2% area that the IMF needed for international dealings. Not to forget the recent article that seemed to state something about going from 1200 to 1.2 

[boosterbglee]

Right on......Santa!

[Gypsygirl11]

40 minutes ago, ladyGrace'sDaddy said:

I'm just a dumb a$$  Santa Truck driver but that is what I see also. And if that is the case then this is HUGE. Because that would put it around the 2% area that the IMF needed for international dealings. Not to forget the recent article that seemed to state something about going from 1200 to 1.2 

Exactly !!!   Although don't they have to be in 2% compliance for a couple months?