Synopsis Posted April 20, 2018 Report Share Posted April 20, 2018 I am wondering what is going to happen when the market purchase rate hits or goes below the CBI purchase rate of 1,190 IQD = 1 USD or 119,000 IQD for 100 USD. The spread of (1195 - 1190) / 1190 x 100% = 0.42% now. That is awful tight to me. I am inclined to think a market rate lower than 119,000 IQD for 100 USD would drive a significant demand on the market to accelerate the rising value of the IQD vs. USD for the CBI currency auction non corrupt participants (getting more USD from the IQD in the market rather than CBI). The CBI currency auction corrupt participants will still participate in the CBI currency auctions since they are getting “free” money anyway. Maybe the market purchase price of IQD dropping below the CBI purchase price will weed out the non corrupt from the corrupt in the view of the public. Kinda close to elections for the public to see first hand who the corrupt CBI currency auction participants are. The market value of the IQD could have an extremely fast wind up once the current CBI currency auction participants switch to the market in an ever increasing manner. If the IQD is gaining in value, the general public may as well be inclined to exchange the CHUNKAE’ MONAE” for USD to get the higher denomination notes off the streets, too. Another way for the CBI to get the larger denomination notes off the streets through the public and private bank exchanges while detecting and eliminating the counterfeits as as been noted in the news. The CBI currency auctions are delayed a day except for the Thursday auctions occurring for the following Sunday. This could allow for the non corrupt current CBI currency auction participants to make the necessary exchanges electronically on the same time dependent time line as now so as not to disrupt international payments if they purchase USD from the market instead of CBI. Lookin’ Good!!! Just my thoughts, opinion, and In The Mean Time....................................... Go Moola Nova (YEAH AND YEE HAW, BABY!!!)!!! 2 2 4 Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 20, 2018 Report Share Posted April 20, 2018 4 hours ago, Wiljor said: Let’r rip boys !!!!!! You sure have my vote. 2 1 1 Link to comment Share on other sites More sharing options...
yota691 Posted April 20, 2018 Author Report Share Posted April 20, 2018 An unprecedented drop in the dollar in Iraq Date of release: 2018/4/20 11:56 • 1379 times read [Ayn-Baghdad] Foreign currency markets in Baghdad, on Friday morning, recorded an unprecedented drop in the dollar exchange rate against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1200 dinars per dollar, or 120 thousand dinars for one hundred dollars. The prices of selling and buying dollars in banking companies were: the sale price of one dollar 1250 dinars, or 120 thousand and 500 dinars, for one hundred dollars. The purchase price of the dollar is 1195 dinars, or 119 thousand and 500 dinars, for one hundred dollars, and this price is the lowest recorded by the currency markets for years in Iraq. Foreign Exchange Rates: EUR World Price: 100 Euro = 123.35 GBP The World Price: 100 Bounds = 140.44 $ The Turkish Lira The World Price: $ 100 = 407.80 Turkish Lira The price of the gold ounce [28 grams] worldwide = $ 1343.80. 3 Link to comment Share on other sites More sharing options...
jg1 Posted April 20, 2018 Report Share Posted April 20, 2018 (edited) Better exchange from the street than the CBI. Huuu. CBI purchase rate of 1,190 IQD = 1 USD ahhhh, ok. Got it Edited April 20, 2018 by jg1 1 Link to comment Share on other sites More sharing options...
yota691 Posted April 21, 2018 Author Report Share Posted April 21, 2018 Dollar exchange rates stabilize against the dinar in local markets From 2018-04-21 at 12:24 (Baghdad time) Baghdad Mawazine News The dollar exchange rate fell slightly on the Kifah stock exchange, while local markets stabilized on Saturday. Kifah Stock Exchange - Baghdad 120.050 dinars, while the prices for Thursday 120.100 dinars. Selling and buying prices in banking shops: The sale price of the dollar = 120,500 dinars. The price of buying the dollar = 119.500 dinars. 1 6 Link to comment Share on other sites More sharing options...
yota691 Posted April 21, 2018 Author Report Share Posted April 21, 2018 The dollar exchange rate against the Iraqi dinar continues to decline and these prices today 13:42 Last updated 01:48 PM 2037 Watch BAGHDAD (Reuters) - The dollar fell against the dinar on the Iraqi stock exchanges on Saturday. The price of selling the dollar in the stock market in Baghdad today 120 thousand dinars and the purchase price 119 thousand and 950 dinars to 100 dollars. While the sale price of the dollar on the Arbil Stock Exchange 120 thousand and 350 dinars and the purchase price 120 thousand and 300 dinars compared to $ 100, while the sale price yesterday 120 thousand and 700 dinars and the purchase price 120 thousand and 650 dinars to 100 dollars. The price of the sale today 120 thousand and 200 dinars, the purchase price 120 thousand and 150 dinars compared to $ 100, while yesterday recorded 120 thousand and 350 dinars, and the purchase price 120 thousand and 300 dinars compared to $ 100. The exchange rate of the dollar yesterday was 120 thousand and 500 dinars and the purchase price 120 thousand and 450 dinars to 100 dollars. 2 3 Link to comment Share on other sites More sharing options...
Flamtap Posted April 21, 2018 Report Share Posted April 21, 2018 At least it's headed in the right direction. Thanks Yota 2 Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted April 21, 2018 Report Share Posted April 21, 2018 Is it me or are the pictures of the denominations in that article a subliminal clue that maybe the denominations will begin to match the US dollar denominations? 4 Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted April 21, 2018 Report Share Posted April 21, 2018 8 minutes ago, NEPatriotsFan1 said: Is it me or are the pictures of the denominations in that article a subliminal clue that maybe the denominations will begin to match the US dollar denominations? Good catch! I didn’t even notice that .. Where did those low notes come from? 2 Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 21, 2018 Report Share Posted April 21, 2018 The way this thing has been moving up, it seems little a mini float. 1 2 Link to comment Share on other sites More sharing options...
climber7 Posted April 21, 2018 Report Share Posted April 21, 2018 41 minutes ago, ChuckFinley said: The way this thing has been moving up, it seems little a mini float. I'm becoming more convinced this is the float Kap talks about but may not be the way he envisioned it 2 3 Link to comment Share on other sites More sharing options...
Wiljor Posted April 22, 2018 Report Share Posted April 22, 2018 6 hours ago, ChuckFinley said: The way this thing has been moving up, it seems little a mini float. The calm before the storm Chuck 2 2 Link to comment Share on other sites More sharing options...
3n1 Posted April 22, 2018 Report Share Posted April 22, 2018 14 hours ago, Half Crazy Runner said: Good catch! I didn’t even notice that .. Where did those low notes come from? HCR , what are the low notes you are referencing .. 1 Link to comment Share on other sites More sharing options...
yota691 Posted April 22, 2018 Author Report Share Posted April 22, 2018 Dollar and gold exchange rates in Iraq on Sunday Market Economy News _ Baghdad The exchange rate of the dollar, Sunday, stable against the dinar in the local currency market. According to the figures received by "Economy News", the price of selling the dollar in Baghdad today 120 thousand and the purchase price of 121 thousand dinars compared to $ 100. " On the Basra Stock Exchange, the sale price today 122 thousand and 800 dinars, the purchase price 123 thousand and 750 dinars compared to $ 100 "He said. While the price of selling the dollar on the Arbil Stock Exchange today 125 thousand and 250 dinars, the purchase price 125 thousand and 200 dinars compared to $ 100, while yesterday recorded 125 thousand 450 dinars, the purchase price 125 thousand and 400 dinars to $ 100. So slightly decreased the Iraqi price of gold today, when 220 thousand dinars per weight. " The price of gold from the weight of 21 - carat, today 220 thousand and 500 dinars, while yesterday 's record 221 thousand as well. Views 22 Date Added 22/04/2018 3 Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted April 22, 2018 Report Share Posted April 22, 2018 3 hours ago, 3n1 said: HCR , what are the low notes you are referencing .. The picture has a 50, 250, 500, and 1000 dinar note 1 2 Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 22, 2018 Report Share Posted April 22, 2018 15 hours ago, climber7 said: I'm becoming more convinced this is the float Kap talks about but may not be the way he envisioned it This maybe, if this is case I would have to say that the Dianr is in play here and once people start seeing strong steady jumps we are harding towards the end of this ride. 2 3 Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 22, 2018 Report Share Posted April 22, 2018 8 hours ago, Wiljor said: The calm before the storm Chuck I can feel the wind picking up Wiljor. 1 4 Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted April 22, 2018 Report Share Posted April 22, 2018 3 hours ago, ChuckFinley said: I can feel the wind picking up Wiljor. Hey, I’m ready to be blown away!! 🌬🌪 1 2 Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 22, 2018 Report Share Posted April 22, 2018 1 hour ago, Half Crazy Runner said: Hey, I’m ready to be blown away!! 🌬🌪 1 1 Link to comment Share on other sites More sharing options...
yota691 Posted April 23, 2018 Author Report Share Posted April 23, 2018 The stability of the dollar exchange rate on the stock exchange and local markets Monday, April 23 Alsumaria News / Baghdad stabilized the exchange rate of the dollar to exchange fight local markets on Monday (April 23, 2018). Kifah Stock Exchange - Baghdad 120,000, the same price for Sunday. Selling and buying prices in the banking shops: Selling price of the dollar = 120,500 dinars. The purchase price of the dollar = 119.500 dinars. 2 6 Link to comment Share on other sites More sharing options...
gregp Posted April 23, 2018 Report Share Posted April 23, 2018 3 hours ago, yota691 said: The stability of the dollar exchange rate on the stock exchange and local markets Monday, April 23 Alsumaria News / Baghdad stabilized the exchange rate of the dollar to exchange fight local markets on Monday (April 23, 2018). Kifah Stock Exchange - Baghdad 120,000, the same price for Sunday. Selling and buying prices in the banking shops: Selling price of the dollar = 120,500 dinars. The purchase price of the dollar = 119.500 dinars. 1.20 seems to be the mark. Thanks! 1 4 Link to comment Share on other sites More sharing options...
3n1 Posted April 23, 2018 Report Share Posted April 23, 2018 3 hours ago, gregp said: 1.20 seems to be the mark. Thanks! that'll put the Pow in Wow .....lets go 3 Link to comment Share on other sites More sharing options...
zul Posted April 23, 2018 Report Share Posted April 23, 2018 This may sound a little silly but I think the strengthening of the value of IQD vs USD ~ these are not an accident, they are there by design ~ to pull more dinar out of the street by selling 'cheaper' dollar. 2 5 Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 23, 2018 Report Share Posted April 23, 2018 14 minutes ago, zul said: This may sound a little silly but I think the strengthening of the value of IQD vs USD ~ these are not an accident, they are there by design ~ to pull more dinar out of the street by selling 'cheaper' dollar. Hey Zul, I feel the same way. I feel like this is a mini float to get to get Iraqis seeing that their currency is gaining strength ageanst the USD. All good my friend. 1 4 Link to comment Share on other sites More sharing options...
3n1 Posted April 23, 2018 Report Share Posted April 23, 2018 thanks zul , but strictly my opinion years ago when the cbi was more transparent about information to the citizens , cbi released articles about taking the currency from 4 million to 1 million notes in circulation the articles had the usual slightly translated differences , when iraq had a higher exchange rate the note count was around the 1 million target note count , with that said what we never get to know or see recorded unless someone has it , is when iqd is brought into the central bank how much is returned back into circulation ...... we wait 1 2 Link to comment Share on other sites More sharing options...
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