ixic Posted January 5, 2017 Report Share Posted January 5, 2017 CBI Auctions still going. The buy/sell rate moved 2 dinars. Now 1184/1182. Announcement No. (3353) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 5/1/2017 and the results were as follows: DETAILS NOTES Number of banks 33 Number of remittance companies 17 Amount sold at auction price (US$) 158,915,838 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 158,915,838 Total offers for selling (US$) ----- Exchange rates from (06/04/2015) till the last date Exchange rates from the beginning of the auction until (19/2/2015) Australian Dollar AUD 856.506 856.077 Gold of 24 carat Gold 1,362,784.000 1,360,482.000 CURRENCY CODE SELL BUY US dollar USD 1184.000 1182.000 Euro EUR 1229.584 1228.969 British pound GBP 1455.018 1454.290 Canadian dollar CAD 881.083 880.643 Swiss franc CHF 1150.073 1149.498 Swedish krona SEK 129.489 129.425 Norwegian krone NOK 136.601 136.532 Danish krone DKK 165.398 165.315 Japanese yen JPY ----- ----- Special Drawing Rights SDR 1582.534 1581.743 Indicative rates - 04.01.2017 4 Quote Link to comment Share on other sites More sharing options...
SocalDinar Posted January 5, 2017 Report Share Posted January 5, 2017 Thanks IXIC Only 2 pips but 2 pips in the wrong direction. Market rate is not looking to good at 1303. 3 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted January 5, 2017 Report Share Posted January 5, 2017 Will this ever end???? Go RVvvvvvvvvvvvvvvvvvvvvvvvvvv B/A 3 Quote Link to comment Share on other sites More sharing options...
davis411 Posted January 5, 2017 Report Share Posted January 5, 2017 ron use to provide this all the time hope he is ok 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted January 5, 2017 Report Share Posted January 5, 2017 The Iraqi dinar is under exchange control pegged to the US dollar. The daily auctions bring in dinars for US dollars There is 2 exchange rates.... The official CBI rate and the street or black market rate. The difference between the 2 rates is more than 100 dinars per dollar The people who Buy from the CBI rate at 1184 dinar per $1, Then go on the street and sale $1 for 1303 dinar Profit of 119 dinar per $1 US dollar.... This means.....Corruption and depletion of foreigner currency reserves Time to stop the foreigner currency auctions and give real market value to the dinar. 10 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted January 5, 2017 Report Share Posted January 5, 2017 15 minutes ago, Laid Back said: The Iraqi dinar is under exchange control pegged to the US dollar. The daily auctions bring in dinars for US dollars There is 2 exchange rates.... The official CBI rate and the street or black market rate. The difference between the 2 rates is more than 100 dinars per dollar The people who Buy from the CBI rate at 1184 dinar per $1, Then go on the street and sale $1 for 1303 dinar Profit of 119 dinar per $1 US dollar.... This means.....Corruption and depletion of foreigner currency reserves Time to stop the foreigner currency auctions and give real market value to the dinar. Yep agreed brother Laid Back 5 Quote Link to comment Share on other sites More sharing options...
SocalDinar Posted January 5, 2017 Report Share Posted January 5, 2017 I don't think the market rate should be considered a" Black Market " rate. After the dinar is not an illegal item and not considered contraband. The Market rate or "going rate is the usual price charged and traded for the dinar in a free market . If demand goes up, The market rate will respond accordingly with a higher value. If demand goes down the value drops. I think the main reason in the discrepancy between the two is that The citizens of Iraq just do not have as much faith in the dinar as they do the almighty US dollar. I'm just a electrician and by no means am I an economist so these are just my opinions. LOL More than likely i am wrong here. 3 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted January 5, 2017 Report Share Posted January 5, 2017 2 hours ago, davis411 said: ron use to provide this all the time hope he is ok I thought about him the other day can someone update us on him? 3 Quote Link to comment Share on other sites More sharing options...
King Bean Posted January 5, 2017 Report Share Posted January 5, 2017 My understanding was they were supposed to be reducing the auction sales by another 25% in 2017. Going the wrong way. 1 Quote Link to comment Share on other sites More sharing options...
Golfnsr Posted January 5, 2017 Report Share Posted January 5, 2017 3 hours ago, bostonangler said: Will this ever end???? Go RVvvvvvvvvvvvvvvvvvvvvvvvvvv B/A I am really wondering more and more. However, at this point, all we can do is wait and try to have patience (not easy for me). 1 Quote Link to comment Share on other sites More sharing options...
WISKY291 Posted January 5, 2017 Report Share Posted January 5, 2017 19 minutes ago, SnowGlobe7 said: I thought about him the other day can someone update us on him? Also K98, Does anybody know what happened to him? 2 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted January 5, 2017 Report Share Posted January 5, 2017 ...and Razyor 2 Quote Link to comment Share on other sites More sharing options...
boosterbglee Posted January 6, 2017 Report Share Posted January 6, 2017 59 minutes ago, SocalDinar said: I don't think the market rate should be considered a" Black Market " rate. After the dinar is not an illegal item and not considered contraband. The Market rate or "going rate is the usual price charged and traded for the dinar in a free market . If demand goes up, The market rate will respond accordingly with a higher value. If demand goes down the value drops. I think the main reason in the discrepancy between the two is that The citizens of Iraq just do not have as much faith in the dinar as they do the almighty US dollar. I'm just a electrician and by no means am I an economist so these are just my opinions. LOL More than likely i am wrong here. SocalDinar.....don't worry, I know how careful electricians are and usually more right than wrong! We don't have a Sparky emoji! 4 Quote Link to comment Share on other sites More sharing options...
Drunk_Viking64 Posted January 6, 2017 Report Share Posted January 6, 2017 9 minutes ago, SnowGlobe7 said: ...and Razyor 9 minutes ago, WISKY291 said: Also K98, Does anybody know what happened to him? 29 minutes ago, SnowGlobe7 said: I thought about him the other day can someone update us on him? As with any marathon it gets harder to stay in the race the longer the marathon is.....sometimes people just can't handle all the stress and drop out of the race. Beginning of the Race End of Race So stay tough because no matter the pain the satisfaction of sticking to the end is worth it!!! And this Dinar Race is a Double Blind Race so it can go on for another 3 feet or another 30 miles no one knows... 6 1 Quote Link to comment Share on other sites More sharing options...
Texstorm Posted January 6, 2017 Report Share Posted January 6, 2017 It really doesn't matter when you go all in..... That's where I'm at ! That's where I've been ! Hell I could say the very same thing about life ! If you ain't all in, I guess you could check out the alternatives. Go RV ! 5 Quote Link to comment Share on other sites More sharing options...
chinadawg Posted January 6, 2017 Report Share Posted January 6, 2017 I HEARD THAT THE 3 AMIGOES MENTIONED ABOVE MAY HAVE DONE AN EARLY EXCHANGE WITH RAY REN AND BROTHER TONY. 6 Quote Link to comment Share on other sites More sharing options...
chinadawg Posted January 6, 2017 Report Share Posted January 6, 2017 (edited) I would not lose alot of sleep over these auctions,,,JMO, but I believe these auctions will continue untill we see what we are looking for AND BEYOND, only difference will be later they will be selling in reverse, as the dinar over takes the value of the usd......these auctions are important for the CBI to make a profit.....just need to squash the corruptions within the auctions. Edited January 6, 2017 by chinadawg 5 Quote Link to comment Share on other sites More sharing options...
sandfly Posted January 6, 2017 Report Share Posted January 6, 2017 Thanks Quote Link to comment Share on other sites More sharing options...
yota691 Posted January 6, 2017 Report Share Posted January 6, 2017 11 hours ago, WISKY291 said: Also K98, Does anybody know what happened to him? Just keep him in Prayer and all of those mention, K98 hasn't drop out of any race as the Drunk V has assume and has no knowledge of... 4 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted January 6, 2017 Report Share Posted January 6, 2017 12 minutes ago, yota691 said: Just keep him in Prayer and all of those mention, K98 hasn't drop out of any race as the Drunk V has assume and has no knowledge of... Good morning Master Yota and all of DV. As Yota says K98 most certainly could use our prayers. Sometimes we seldom know the suffering and trials that are dearest friends go through. 7 Quote Link to comment Share on other sites More sharing options...
moneysoon Posted January 6, 2017 Report Share Posted January 6, 2017 Blessings My Friends, stay encouraged and see this through until the end... I know, I will. 4 Quote Link to comment Share on other sites More sharing options...
WISKY291 Posted January 6, 2017 Report Share Posted January 6, 2017 5 hours ago, yota691 said: Just keep him in Prayer and all of those mention, K98 hasn't drop out of any race as the Drunk V has assume and has no knowledge of... Thanks Yota, Will do... 2 Quote Link to comment Share on other sites More sharing options...
Drunk_Viking64 Posted January 6, 2017 Report Share Posted January 6, 2017 6 hours ago, yota691 said: Just keep him in Prayer and all of those mention, K98 hasn't drop out of any race as the Drunk V has assume and has no knowledge of... No assumption they are not here posting with us ...The Marathon is being on DV and interacting with all the members here to help everyone here get through these times of unknowing. These are tough times for everyone of us because we all decided to make a leap of faith and invest in Iraqi Dinar; and we keep believing in that faithful leap we took still today. I for one believe reading comments and seeing news hints and kicking Guru butts is a away for me and maybe even for all of us here to deal with the pressures of this situation. It is very hard to wake up and see "No RV today" and then see that no one in the world can give a straight answer to a straight question of "When?". When will HCL pass? When will CBI/IMF/ToothFairy raise rates? When..When..When.. . So my post was to show that we are in a marathon race and not a quick sprint and I believed everyone here who read it could transition the physical beating the mind and body takes in these two events and could then understand why some are here today reading and posting and supporting and some are not. So maybe you do or you do not understand that DV is a team of people working together to get to the finish line with the fewest casualties as possible and that everyone can make it across the line if more positive support is dished out and less negative derogatory comments are given to fellow DV members (Does not apply to Gurus they are fair and open season game). 3 2 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted January 6, 2017 Report Share Posted January 6, 2017 prayers up for Woody 3 Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted January 6, 2017 Report Share Posted January 6, 2017 While I will admit K98 is not my best bud, I wish him the very best with what ever turmoil is happening in his life at this point in time. pp 2 Quote Link to comment Share on other sites More sharing options...
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