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Local money changers stop selling and buying dollars in Iraq


6ly410
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12 hours ago, RJG said:

the sale and purchase of dollars in Iraqi local transactions had stopped.

Hmm...sounds too good to be true , but I amn't going to get excited yet. just wonder

1.) Could be a big jump?

2.) Could be a small increment?

3.) Could be nothing? Means just talk talk talk BS and never implement it for whatever excuses.

The best thing is just wait and see then.

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1 minute ago, rvmydinar said:

Hmm...sounds too good to be true , but I amn't going to get excited yet. just wonder

1.) Could be a big jump?

2.) Could be a small increment?

3.) Could be nothing? Means just talk talk talk BS and never implement it for whatever excuses.

The best thing is just wait and see then.

We are watching the central bank failures being exposed to the people globally. People wake up real quick when you take their hard earned money. Markets are about to crash, get prepared! 

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14 hours ago, 6ly410 said:

“The government can start by reducing the dollar exchange rate, but gradually to reach the old exchange rate, and the government can start with the proposed reduction of 1375. "

Does that mean that the Iraqi government will set a new rate of 1,375 as a starting new rate , and then increase gradually until reaching the old rate(?) For limited time ( may be one week or one month or one year )?

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1 hour ago, Mary B said:

1375. " is how much in usd

$1=1,375 IQD ( see my previous post ) What I mean is , For example , after the Iraqi government stop selling and buying the dollar, then the GOI set a starting new rate of $1=1,375 IQD. After that, from US1=1,375 IQD , the rate will increase gradually until reaching the old rate $1=....IQD(?) ( which we don't know the old rate it is going to be exactly ).

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'Exciting' rise in dollar exchange rates on the Iraqi stock exchange

'Exciting' rise in dollar exchange rates on the Iraqi stock exchange
li
 

  

Baghdad - Nas  

NAS publishes the dollar exchange rates on the local stock exchange on Thursday afternoon (December 8, 2022), according to the monitoring of specialists.  

  

  

 

  

  

Baghdad - Bursa Alkifah  

150,650  

......  

The price in most exchanges  

150,000  

151,000  

  

-------------  

Sulaymaniyah  

150.350  

  

This morning's exchange rates were as follows:  

  

Baghdad - Bursa Alkifah  

150,400    

--------------    

The price in most exchanges  

150,000    

150,750    

--------------    

Basra - Bursa  

150,200    

--------------    

Erbil - Bursa  

150,400    

--------------    

Sulaymaniyah - Bursa  

150,350    

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“the rise in dollar prices came as a result of the bank's recent measures to suspend 4 banks from entering the currency auction due to US sanctions and also to warnings to 14 other banks in Iraq suspected of dealing in money laundering activities."He added that "as a result, the sales of the Central Bank during the past weeks decreased by a large percentage of more than 50% from the rate of sales in the past months, and these measures led to the scarcity of dollars in the markets." from us, causing them to rise in the black markets by 2-3%.”

 

Go CBI

Go new monetary policy 

Go stronger dinar

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Iraq news now

After rising to 151 thousand. The Economist sets the date for the stability of the dollar exchange rate - urgent

158d8fbd-622f-437a-8bd7-046f3694170e-810

Baghdad Today - Baghdad

Economist Mustafa Hantoush revealed on Thursday the reasons for the significant rise in the dollar exchange rate, while pointing to its stability within ten days.

Hantoush said in an interview with (Baghdad Today) that "the US Federal Reserve imposed the ban on five large banks in dealing in dollars, and these banks have large businesses, and many traders deal with them."

"When these banks were banned from buying and selling dollars, traders bought dollars only from the budget market or banks that had surplus dollars, then there is an increase in demand for dollars," he said.

“The central bank has started good corrective measures and steps, including increasing ceilings for banks and companies, and within a week or 10 days the price will stabilize and return to 148,000 dinars,” he said.

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51 minutes ago, Laid Back said:

“the rise in dollar prices came as a result of the bank's recent measures to suspend 4 banks from entering the currency auction due to US sanctions and also to warnings to 14 other banks in Iraq suspected of dealing in money laundering activities."He added that "as a result, the sales of the Central Bank during the past weeks decreased by a large percentage of more than 50% from the rate of sales in the past months, and these measures led to the scarcity of dollars in the markets." from us, causing them to rise in the black markets by 2-3%.”

 

Go CBI

Go new monetary policy 

Go stronger dinar

Seems like they're super excited about something that's been happening for many years. Must be getting close to making a change of some sort 

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3 hours ago, utah rock said:

It’s going the wrong way ah!?

That’s what I thought initially; however, price fluctuations are temporary according to the articles. 
 

Our hope is this is leading up to a change in the exchange rate at the first of the year.
 

At the very least, this is evidence the US Treasury, IMF, etc are showing strong support in ridding the banks of corruption and money laundering. Good stuff. 

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1 hour ago, Fairways&Greens said:

Our hope is this is leading up to a change in the exchange rate at the first of the year.
 

At the very least, this is evidence the US Treasury, IMF, etc are showing strong support system" rel="">support in ridding the banks of corruption and money laundering. Good stuff. 

I am hoping and the articles are leading to this they also make mention of a "big jump"!

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22 hours ago, rvmydinar said:

Does " The first of next month " mean January 01, 2023?  We can only hope. January 01, 2023 equals to a new year means a new hope equals to a new found wealth means a new car , a new house, and a new wife?

I believe it refers to the 1st of Jan which coincide with what Shabibi saying Any RV/RI has to happen at the start of the financial year…give or take remember Iraq have never done anything on time!

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26 minutes ago, screwball said:

I believe it refers to the 1st of Jan which coincide with what Shabibi saying Any RV/RI has to happen at the start of the financial year…give or take remember Iraq have never done anything on time!

We can only hope, but I am still holding my breath.  And, let's just wait and see what happens on the first of jan 2023.

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1 minute ago, screwball said:

My view is a simple one, I will hold until the day die or cash out…

But you will hold them and wait until the first quarter of 2023. Or wait for another 10 years down the rocky road ( that will be 2033? ). Can't imagine how may dinar holders will be willing to wait that long ( until 2033 ).

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