Central Bank announces successful slide intruders and brokers selling the currency

[Wiljor]

77% of the money supply is in possession of the citizens, devalue the currency a bit, get people scared and run to the bank to change their chunky cash 

I mean, looks like they are getting ready for something big, I could be wrong, but many pieces of this puzzle conveniently seem to be falling into place.

 

[Synopsis]

Just now, Wiljor said:

77% of the money supply is in possession of the citizens, devalue the currency a bit, get people scared and run to the bank to change their chunky cash 

I mean, looks like they are getting ready for something big, I could be wrong, but many pieces of this puzzle conveniently seem to be falling into place.

 

I really agree with you, Wiljor!  Looks like the IQD/USD exchange rate available to the Iraqi citizen has been gradually slipping and articles supporting the viability of the banks has been increasing.  I am anticipating more levers used to "encourage" the Iraqi citizens to deposit their home stored dinars in the banks becoming visible soon.

[unirod]

On 9/16/2016 at 3:49 AM, DoD said:

When I see articles like these I have to ask myself why I have spent so much of my time investing in a nation of people that are so ignorant an crooked. Could someone on this site try to explain to me why anyone in their right mind would rather pay 1300 Dinars for one US dollar rather than 1200 Dinar for one US dollar. Yota has posted articles stating they can go to the bank an do the exchange for 1200 to 1 rather than the scalpers on the street....

The CBI is trying to get the exchange rate back to within the 2% like the IMF has suggested an the dumbass Iraqs still go an pay the extra 100 Dinars to the money exchangers on the street....that is just unbelievable to me 

Maybe because there are limited Banks and branches in Iraq to serve the people? Maybe because Banks insist that the people open an account before receiving exchange privileges? Maybe because Banks have limited cash liquidity? Scalpers always have USD 24/7, no bank holidays and probably a better reputation for not ripping off citizens? 

[Adam Montana]

 

SULAIMANI – The U.S. dollar to Iraqi dinar (IQD) exchange rate was stable in the Kurdistan Region’s money markets on Tuesday (October 4).

Broker Dana Mawlud told NRT that $100 USD was selling at 130,500 IQD early in the day, maintaining the same rate as the previous two days.

Mawlud also reported that 100 British pounds was at 167,000 IQD and the euro was at 100 to 145,000 IQD.

(NRT)

 

http://www.nrttv.com/en/Details.aspx?Jimare=10262

 

[SnowGlobe7]

DRIVE BY!!!!!

[yota691]

New rise in the dollar exchange rate in local markets

 

Thursday October 20 166 14:04

 

 

 

 

 

 

 

Alsumaria News / Baghdad rose Dollar exchange rates again in the local markets in the Stock Exchange on Thursday. The  dollar exchange rate against the Iraqi dinar today:  Bourse struggle - Baghdad 131.250 dinars, while the stock market recorded on Wednesday 130.500 dinars.  Buying and selling in shops Banking Rates:  sell the dollar = 131.750 dinars price.  purchase price of the dollar = 130.750 dinars.

[yota691]

New rise in the dollar exchange rate in local markets

 

 

Economy News / Baghdad ...     Dollar exchange rates rose again in the local markets in the Stock Exchange on Thursday.   The dollar exchange rate against the Iraqi dinar today:   Bourse struggle - Baghdad 131.250 dinars, while the stock market recorded on Wednesday 130.500 dinars.   Buying and selling in shops Banking Rates:    Dollar selling price = 131.750 dinars.    The purchase price of the dollar = 130.750 dinars.     mm
Views 63   Date Added 06/10/2016 - 14:08   Last updated 06/10/2016 - 15:22   No. Content 5306

[Wiljor]

Time to get the "chunky money" to the bank before it devalues more Iraq. 

[Synopsis]

6 minutes ago, Wiljor said:

Time to get the "chunky money" to the bank before it devalues more Iraq. 

I agree with you, Wiljor!  I am wondering what mechanism will be used in conjunction with the revaluing of the IQD to get the large denomination IQD out of the Iraqi citizen's hands before the revaluation of the IQD other than a slip of the street value of the IQD vs. USD for the Iraqi citizen.

FDR via Executive Order 6102 took a pretty drastic measure to get the gold out of the American citizens' hands and into the US Government's (so to say) hands.  The value of gold then was $20.67 per troy ounce.  After the gold was taken in, the value of gold was raised to $35/troy ounce (section 2 of the link).

https://en.wikipedia.org/wiki/Executive_Order_6102

Hmmm........ seems like there could be some similarities here.  I am not sure if some Parliamentary, CBI, local economic, or other lever will be used to "encourage" the Iraqi citizen to part with their large denomination IQD either by direct deposit in a banking institution, IQD conversion to USD, IQD conversion to gold, other, and/or a combination of measures.  For the most part to quell any potential civil uprising, the large denomination IQD notes would appear to need to be acquired (out of the citizens' hands) by means seen as beneficial to the typical Iraqi citizen.

The link did have some EO 6102 exclusions as to how much gold and who could have the gold after the gold was taken in.  There may be some exclusion to the amount of large denomination IQD the Iraqi citizen is allowed to hold just before and then after the IQD revaluation.  Otherwise, I am afraid, the Iraqis (GOI included) would be taking far more vacations than they are now and far less would be accomplished!  

[yota691]

The stability of the dollar today at 1310 dinars

 

 

Economy News / Baghdad ...     Recorded foreign currency markets in Iraq, on Friday morning, a stable dollar exchange rate against the Iraqi dinar. And record the market price at the closing exchange struggle in Baghdad at ten in the morning in 1310 dinars per dollar, ie 131 000 dinars for one hundred dollars. The buying and selling of the dollar in the prices of banking companies were: The sale price of the dollar to 131.50 dinars, ie 131 thousand and 500 dinars for one hundred dollars. The purchase price of the dollar to 130.50 dinars, 130 thousand and 500 dinars for one hundred dollars. foreign currency: Euro Global Price: 1 euro = 1.1113 dollars Pound world price: 1 pound = 1.2438 USD Turkish Lira Global Price: $ 100 = 305.05 TL US $ 100 = 132.00 Australian dollars 100 US dollars = 132.40 Canadian dollars 100 US dollars = 103.95 yen
Views 25   Date Added 07/10/2016 - 10:29   Last updated 07/10/2016 - 13:27   No. Content 5309

[blueskyline]

Thank You and Good Morning Yota , DV's

[yota691]

Dollar rates fall to 1300 dinars in local markets

economy

 Since 10/10/2016 13:05 pm (Baghdad time)

Baghdad balances News

Dollar exchange rate declined against the Iraqi dinar, Monday, scored the market price of foreign currency closing exchange struggle in Baghdad in the ninth and 30 times a minute in 1300 dinars to the dollar, ie 130 000 dinars for one hundred dollars, having exceeded yesterday's 131,000 dinars for one hundred dollars.

The buying and selling of the dollar in the prices of banking companies were:

The sale price of the dollar to 130.50 dinars, ie 130 thousand and 500 dinars for one hundred dollars.

The purchase price of the dollar to 129.50 dinars, 129 thousand and 500 dinars for one hundred dollars.

foreign currency:

Euro Global Price: 1 euro = 1.1173 dollars

Pound world price: 1 pound = 1.2390 USD

Turkish Lira Global Price: $ 100 = 304.63 TL

100 US dollars = 131.60 Australian dollars

100 US dollars = 132.57 Canadian dollars

100 US dollars = 103.05 yen Iapana.anthy 29 / A 43

[yota691]

10-10-2016 11:37 AM

Foreign currency exchange rates in Iraq

 

 

 

Recorded foreign currency markets in Iraq, on Monday morning, decreased slightly for the price of the dollar against the Iraqi dinar.

And record the market price at the closing exchange struggle in Baghdad in the ninth hour and 30 minutes in 1300 dinars to the dollar, ie 130 000 dinars for one hundred dollars, having exceeded yesterday 's 131,000 dinars for one hundred dollars. 
The sale and purchase of the dollar in the banking companies the prices were:

The sale price of the dollar to 130.50 dinars, ie 130 thousand and 500 dinars, for a hundred dollars. 
The purchase price of the dollar to 129.50 dinars, 129 thousand and 500 dinars for one hundred dollars. 
Foreign currency:

Euro Global Price: 1 euro = 1.1173 dollars 
pound world price: 1 pound = 1.2390 USD 
Turkish Lira Global Price: $ 100 = 304.63 TL 
100 USD = 131.60 AUD $ 
100 US dollars = 132.57 CAD 
$ 100 USD = 103.05 yen

[yota691]

Stability of the dollar against the Iraqi dinar in 1300

57 minutes ago

 

 

(Independent) ... recorded a foreign currency markets in Iraq, on Tuesday morning, a stable dollar exchange rate against the Iraqi dinar.

And record the market price at the closing exchange struggle in Baghdad in the ninth hour and 30 minutes in 1300 dinars to the dollar, ie 130 000 dinars for one hundred dollars. 
The buying and selling prices of the dollar in the banking companies were: the 
sale price of the dollar to 130.0 dinars, ie 130 000 dinars, for a hundred dollars . 
The purchase price of the dollar to 129.0 dinars, ie 129 000 dinars, for ahundred dollars. 
foreign currency: the 
euro world price: 1 euro = 1.11295 dollars 
pound world price: 1 pound = 1.2320 USD 
Turkish Lira global Price: $ 100 = 308.47 TL 
$ 100 US = 132.620 AUD $ 
100 US dollars = 131.91 CAD 
$ 100 USD = 103.89 JPY

[yota691]

Depreciation of the dollar to 1298 dinars

economy

 Since 13/10/2016 12:00 (Baghdad time)

Baghdad balances News

Recorded foreign currency markets in Iraq, Thursday, decreased slightly for the price of the dollar against the Iraqi dinar.

And record the market price at the close fight in Baghdad Stock Exchange at 129.8 dinars to the dollar, ie, 129 thousand and 800 dinars for one hundred dollars.

The buying and selling of the dollar in the prices of banking companies were:

The sale price of the dollar to 130.25 dinars, ie 130 thousand and 250 dinars, for a hundred dollars.

The purchase price of the dollar to 129.25 dinars, ie 129 thousand and 250 dinars, for a hundred dollars.

foreign currency:

Euro Global Price: 1 euro = 1.1013 dollars

Pound world price: 1 pound = 1.2175 USD

Turkish Lira Global Price: $ 100 = 308.90 TL

US $ 100 = 132.67 Australian dollars

US $ 100 = 132.87 Canadian dollars

100 US dollars = 103.79 yen Iapana.anthy 29 / A 43

[blueskyline]

Thank You and Good Morning Yota , DV's

[yota691]

Impairment of new dollars in Iraq today

History of edits:: 10/14/2016 10:19 • 122 visits readable

[Oan- Baghdad] 
recorded a foreign currency markets in Iraq, on Friday morning, a new slightly decreased the price of the dollar against the Iraqi dinar.

And record the market price at the closing exchange struggle in Baghdad at 129.6 dinars to the dollar, ie , 129 thousand and 600 dinars for one hundred dollars, after hitting yesterday 129 thousand and 800 dinars for one hundred dollars. 
The buying and selling prices of the dollar in the banking companies were: the 
sale price of the dollar to 130.0 dinars , ie 130 000 dinars, dollars for a hundred. 
The purchase price of the dollar to 129.0 dinars, ie 129 000 dinars, dollars for a hundred. 
foreign currency: the 
euro world price: 1 euro = 1.1023 dollars 
pound world price: 1 pound = 1.2200 USD 
Turkish Lira global Price: $ 100 = 309.10 TL 
100 USD = 132.00 AUD $ 
100 USD = 132.07 CAD 
$ 100 USD = 104.09 yen

[yota691]

Depreciation of the dollar to 1298 dinars

economy

 Since 13/10/2016 12:00 (Baghdad time)

Baghdad balances News

Recorded foreign currency markets in Iraq, Thursday, decreased slightly for the price of the dollar against the Iraqi dinar.

And record the market price at the close fight in Baghdad Stock Exchange at 129.8 dinars to the dollar, ie, 129 thousand and 800 dinars for one hundred dollars.

The buying and selling of the dollar in the prices of banking companies were:

The sale price of the dollar to 130.25 dinars, ie 130 thousand and 250 dinars, for a hundred dollars.

The purchase price of the dollar to 129.25 dinars, ie 129 thousand and 250 dinars, for a hundred dollars.

foreign currency:

Euro Global Price: 1 euro = 1.1013 dollars

Pound world price: 1 pound = 1.2175 USD

Turkish Lira Global Price: $ 100 = 308.90 TL

US $ 100 = 132.67 Australian dollars

US $ 100 = 132.87 Canadian dollars

100 US dollars = 103.79 yen Iapana.anthy 29 / A 43

[Flash101]

Thnx yota691 +1from 101

 

101

Edited October 14, 2016 by Flash101

[yota691]

Dollar rises, threatening a new economic crisis in the country

17/10/2016

 

 

BAGHDAD / JD / .. After continued high US dollar against the Iraqi dinar in local markets amid the absence of solutions and treatments by the central bank warned a number of specialists in the financial and economic affairs to continue rising dollar exchange rate, because it could lead to the collapse of the local currency and increased inflation rates in the market of Iraq, which will create a new economic crisis in the country.

The total US dollar exchange rate in the Iraqi market for 1310 dinars selling price while the purchase price of 1,300 dinars per one dollar.

He says economist Adel Mandalawi, said the continued rise of the dollar in the local market price foreshadowing a new economic crisis in the country through the lack of dealing dinar and increasing inflation rates in the market.

He Mandalawi Agency / KD / the central bank seems to have lost control over the price of the dollar after it was fixed at a price of 1240 dinars to the dollar, despite the presence of the auction to sell the dollar, but the demand has increased and a multiplier for the former, which indicates the presence of suspicion by some speculators and banking companies of manipulating the exchange rate and the purchase of large amounts of dollar monopoly.

He noted that "there are floundering monetary policy at the Central Bank, as the cash reserve fell dramatically from what it was in the past as well as today's dollar rises to unprecedented levels."

He said economic expert, said "the central bank shows that the reason for this dramatic rise in the dollar, warning of the arrival of its price to 1,500 or 2,000 dinars in case of failure to take the necessary measures and procedures."

For its part, the parliamentary finance committee Ezzat, the reason for soaring price of the dollar to the economic crisis that led to a lack of fiscal revenue in hard currency, as well as security conditions around the country.

The committee member said Ahmed Rashid told / KD / "The committee had an earlier meeting with the Governor of the Central Bank and a number of experts in the bank, and stressed that the central bank is controlled on the exchange rate does not exist any concerns about a significant rise in the price of the dollar.

He added that the central bank has promised the Finance Committee to put an end to this rise and will probably decline in the dollar rate against the dinar during the coming period.

Iraq has suffered from a major economic crisis since 2014 as a result of lower world oil prices, which led to a lack of financial revenues from Alassabh.anthy / 8 / currency 

 

[Jaygo]

Hmmmm I know something you could do to fix this problem. Give me a call and I will explain it to you. Dummies

[yota691]

A decline in the dollar exchange rate in local markets

 

Tuesday October 2016 18 10:52

 

 

 

 

Alsumaria News / Baghdad  fell dollar exchange rates in the domestic market in the Stock Exchange on Tuesday. The  dollar exchange rate against the Iraqi dinar today:  Bourse struggle - Baghdad 129.600 dinars, while the stock market for the day on Monday , 130.400.  Buying and selling in shops Banking Rates:  sell the dollar price = 130,000 dinars. the  purchase price of the dollar = 129,000 dinars.

[olivesman]

DOLLARIZE.

RV.

DE-DOLLARIZE.

FIXED.

[Wiljor]

Morning Yota 

 

Sucking in the "chunky money" and yes agreed olivesman   

[blueskyline]

Looks to me like volital daily dollar price swings and the CBI is fighting to maintain the dollar peg like every other currency ???