yota691 Posted April 5, 2021 Report Share Posted April 5, 2021 The currency auction stops for a week as a result of banks ’fear of changing the dollar’s price 2021-04-05 06:26 Shafaq News / A government source revealed on Monday that the currency auction was suspended for a week due to banks ’fear of changing the dollar’s price. The source said in an interview with Shafaq News that "banks have stopped participating in the currency auction that the Central Bank conducts daily during the past week due to their fear of changing the dollar exchange rate in the budget that was approved last week." He added, "It is expected that banks will participate in the auction and submit their requests to the bank to buy the dollar, starting from the current week," noting that "these requests will be implemented during the end of the week or the beginning of next week." On Wednesday (March 31, 2021), the Iraqi parliament voted on the federal budget law for the fiscal year 2021, with a deficit of more than 28 trillion dinars, and a tug of war that lasted for months. The general budget revenues amounted to more than 101 trillion Iraqi dinars, while expenditures were estimated at 129 trillion dinars. And some political blocs had called for a reduction in the price of the dollar in the budget, which made the price of the dollar affected in the local markets between rise and fall. 4 4 4 Quote Link to comment Share on other sites More sharing options...
yota691 Posted April 5, 2021 Author Report Share Posted April 5, 2021 Monday, April 5, 2021 | 01:36 PM | Views: 186 The currency auction stops for a week as a result of banks ’fear of changing the dollar’s price On Monday, a government source revealed that the currency auction was suspended for a week due to banks ’fear of changing the dollar’s price . The source said that "banks stopped participating in the currency auction conducted by the Central Bank daily during the past week due to their fear of changing the exchange rate of the dollar in the budget that was approved last week ." He added, "It is expected that the banks will participate in the auction and submit their requests to the bank to buy the dollar, starting from the current week," noting that "these requests will be implemented during the end of the week or the beginning of next week ." 4 4 2 Quote Link to comment Share on other sites More sharing options...
Popular Post yota691 Posted April 5, 2021 Author Popular Post Report Share Posted April 5, 2021 Quote "It is expected that the banks will participate in the auction and submit their requests to the bank to buy the dollar, starting from the current week," noting that "these requests will be implemented during the end of the week or the beginning of next week ." GM DV 3 7 11 Quote Link to comment Share on other sites More sharing options...
gregp Posted April 5, 2021 Report Share Posted April 5, 2021 19 minutes ago, yota691 said: GM DV GM!!!!!!!! 3 1 Quote Link to comment Share on other sites More sharing options...
Rochester Posted April 5, 2021 Report Share Posted April 5, 2021 The Currencies, They Are A-Changin' Rob Dylan 🎵 🎸🎹 Come gather 'round DV people wherever you roam And admit that the currency waters around you have grown And accept it that soon your bank account'll be drenched to the bone And if your breath to you is worth savin' Then you better start GM smokin' or you'll sink like a stone For the times, they are a-changin' Come goat writers and Gurus who prophesize with your pen🦌💨 And keep your eyes wide, the chance won't come again 👀 And don't speak too soon for the RV wheel's still in spin And there's no tellin' where that it's landin' For the loser now will be later to win 'Cause the times, the currencies, they are a-changin' 4 1 5 Quote Link to comment Share on other sites More sharing options...
Fitxvz Posted April 5, 2021 Report Share Posted April 5, 2021 banks in Iraq ready for new exchange rate... wowwwww they can smell rv as i am 1 1 2 3 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted April 5, 2021 Report Share Posted April 5, 2021 6 minutes ago, Fitxvz said: banks in Iraq ready for new exchange rate... wowwwww they can smell rv as i am I hope that’s what’s they smell...and they have no word for fluffy: not that it has any bearing here, just thought I’d throw that in. 1 6 Quote Link to comment Share on other sites More sharing options...
Dog eat dog Posted April 5, 2021 Report Share Posted April 5, 2021 Yet another fiscal period with NO RV or RI. Maybe next year. But I doubt it. 4 2 3 4 Quote Link to comment Share on other sites More sharing options...
Flamtap Posted April 5, 2021 Report Share Posted April 5, 2021 5 minutes ago, Dog eat dog said: Yet another fiscal period with NO RV or RI. Maybe next year. But I doubt it. So we can expect to hear from you again....say, same time next year? 10 2 2 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted April 5, 2021 Report Share Posted April 5, 2021 8 minutes ago, Dog eat dog said: Yet another fiscal period with NO RV or RI. Maybe next year. But I doubt it. BYE!!! 👋 1 3 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted April 5, 2021 Report Share Posted April 5, 2021 3 hours ago, yota691 said: The currency auction stop for a week as a result of banks ’fear of changing the dollar’s price Hopefully, Currency auction stop means a rate change is coming s**n=smell rv at 3.22 usd? 3 1 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted April 5, 2021 Report Share Posted April 5, 2021 Sounds like nobody wants the USD over there! 😎 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted April 5, 2021 Report Share Posted April 5, 2021 28 minutes ago, Fitxvz said: banks in Iraq ready for new exchange rate... wowwwww they can smell rv as i am We can only hope. 2 3 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted April 5, 2021 Report Share Posted April 5, 2021 6 minutes ago, Longtimelurker said: Sounds like nobody wants the USD over there! 😎 Even better. 2 4 Quote Link to comment Share on other sites More sharing options...
Popular Post Laid Back Posted April 5, 2021 Popular Post Report Share Posted April 5, 2021 The last auction was on March 31 when they approved the budget. It was only $3.7 million dollars and not cash sales. “banks stopped participating in the currency auction conducted by the Central Bank daily during the past week due to their fear of changing the exchange rate of the dollar in the budget that was approved last week ." They are forcing the people to use their dinars. This could mean the end of MCP and moving to IMF Art 8 compliance. Go CBI Go end of MCP Go Art 8 compliance Go international Go RV Go 2021 6 3 10 5 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted April 5, 2021 Report Share Posted April 5, 2021 🙏🙏🙏 2 1 Quote Link to comment Share on other sites More sharing options...
WheresmyRV? Posted April 5, 2021 Report Share Posted April 5, 2021 Sounds like the banks might know something big is coming! 2 2 4 3 Quote Link to comment Share on other sites More sharing options...
GreedyDinar07 Posted April 5, 2021 Report Share Posted April 5, 2021 I don't think anything will happen until after the elections when Al-Khdemi is the official PM. (If it even happens year) I know food is expensive and the exchange rate is hurting the people but I don't think the CBI really gives a damn. It is all about how many dinars they can pull in at this rate. I know inflation is a factor as well. It seems like everyone is ready to invest and they are taking their time. I guess the Economic Reform takes time to go into effect but the question is how much more time. The New CBI building will be ready by 2022 which is exciting to me! I believe they will increase the exchange rate but we just don't know when. From the looks of things it should be sooner than later but this is Iraq we are dealing with. Just my opinion!! 1 1 4 2 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted April 5, 2021 Report Share Posted April 5, 2021 5 minutes ago, WheresmyRV? said: Sounds like the banks might know something big is coming! You might be right. 3 2 1 Quote Link to comment Share on other sites More sharing options...
Popular Post ChuckFinley Posted April 5, 2021 Popular Post Report Share Posted April 5, 2021 Interesting that one of the people I work with and check-in on about the Dinar told me last week that he was taking off from 02 April to 09 April. He is in the business sector but not in banking. This is like the 3rd or 4th Hmmmmm. I hope it is as we are all ready for this to go. 🙏 7 1 11 Quote Link to comment Share on other sites More sharing options...
Wheelman Posted April 5, 2021 Report Share Posted April 5, 2021 Master Card International, Ration Cards. They told us they wanted to stop using the USD and use the Dinar on the day the budget was voted on. 3 2 Quote Link to comment Share on other sites More sharing options...
Donziman Posted April 5, 2021 Report Share Posted April 5, 2021 People,people...The banks stopped buying dinar because just like the last time the newest exchange rate will DE value the dinar. It will take more and more dinar to buy the dinar. I'm guessing the rate about 1500 dinar = 1 dollar 1 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted April 5, 2021 Report Share Posted April 5, 2021 2 minutes ago, Wheelman said: to stop using the USD and use the Dinar on the day the budget was voted on. This is the sign of a rate change we all have been waiting for almost 18 years. 1 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted April 5, 2021 Report Share Posted April 5, 2021 3 minutes ago, Donziman said: I'm guessing the rate about 1500 dinar = 1 dollar What makes you think that it is going to devalue the dinar at 1500? Quote Link to comment Share on other sites More sharing options...
Donziman Posted April 5, 2021 Report Share Posted April 5, 2021 Economist know that to have a market economy they must have under valued money China is the best example. There under value has allowed them to sell world wide to the extent they now have the second biggest economy in the world.Iraq wants to stop importing everything and stop relying on oil 95% 1 Quote Link to comment Share on other sites More sharing options...
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