DrDinar Posted January 6, 2011 Report Share Posted January 6, 2011 Were the sanctions that were put on Iraq by the UN the reason for the IQD to no longer be traded. If that is the case, when the sanctions were lifted why did it not become able to trade? I am guessing it has to due to the fact that the currency is worth next of nil and not very inviting for trade investors. 1 1 Link to comment Share on other sites More sharing options...
All-In-4-RV Posted January 6, 2011 Report Share Posted January 6, 2011 (edited) Were the sanctions that were put on Iraq by the UN the reason for the IQD to no longer be traded. If that is the case, when the sanctions were lifted why did it not become able to trade? I am guessing it has to due to the fact that the currency is worth next of nil and not very inviting for trade investors. It's waayyy more complex then just a portion of one sanction being lifted. .... Edited January 6, 2011 by All-In-4-RV Link to comment Share on other sites More sharing options...
DinarViper Posted January 6, 2011 Report Share Posted January 6, 2011 Were the sanctions that were put on Iraq by the UN the reason for the IQD to no longer be traded. If that is the case, when the sanctions were lifted why did it not become able to trade? I am guessing it has to due to the fact that the currency is worth next of nil and not very inviting for trade investors. interesting question, i bet it is complicated, but what changes the dinar to tradeable? just the RV , even at 1170 to 1 shouldn't it be on the 4x Link to comment Share on other sites More sharing options...
SkyGuy Posted January 6, 2011 Report Share Posted January 6, 2011 Your talking about Trading on the Forex, right? I could be wrong, but until Monday the 3rd of this month, the IQD wasn't trading on the Forex. But...as of Monday, it seems to be trading (even though it looks like blind trading at this point...waiting on the RV/RI to happen.) That being said, it's been up in value (percentage wise) all week: USD/IQD currently up at 21.25% Another DV poster had put up this link that takes you right to it: My link http://www.forex.tradingcharts.com/quotes/index.php?sym=usdiqd&Submit=Go&tz=GMT Think I posted that right.... Link to comment Share on other sites More sharing options...
DgreenFSU66 Posted January 6, 2011 Report Share Posted January 6, 2011 From what i understand, the IMF hasnt released the new rate from the GOI that is to replace the "program rate" of 1170 after the IQD was removed from being internationally recognized. Link to comment Share on other sites More sharing options...
USMC_2674 Posted January 6, 2011 Report Share Posted January 6, 2011 Wow why isn't this bigger news!?! First I've seen of it... I must be dumb 1 Link to comment Share on other sites More sharing options...
SkyGuy Posted January 6, 2011 Report Share Posted January 6, 2011 To: USMC_2674 - I was wondering the same thing you were..."why is this not bigger news?" IMO - it looks as though they are "priming the pump." Getting everything set-up on the Forex for the Dinar to be openly traded after an RI or RV. Seem's to make sense that they would need to have the Forex set-up and in place when the RV/RI hits, so the traders can buy and sell it just like any other currency Link to comment Share on other sites More sharing options...
USMC_2674 Posted January 7, 2011 Report Share Posted January 7, 2011 To: USMC_2674 - I was wondering the same thing you were..."why is this not bigger news?" IMO - it looks as though they are "priming the pump." Getting everything set-up on the Forex for the Dinar to be openly traded after an RI or RV. Seem's to make sense that they would need to have the Forex set-up and in place when the RV/RI hits, so the traders can buy and sell it just like any other currency Well that is part of the beauty of the RV. As the GOI is shelling out money to buy back our Dinar, they are also raking in money from people buying it... Obviously most of this is electronic, but the idea is the same. Semper Fidelis 1 Link to comment Share on other sites More sharing options...
cwtrimmer Posted January 7, 2011 Report Share Posted January 7, 2011 Were the sanctions that were put on Iraq by the UN the reason for the IQD to no longer be traded. If that is the case, when the sanctions were lifted why did it not become able to trade? Yes, because of the sanctions it has not been internationally traded. Some of the sanctions were lifted, but not all. Until the UN Security Council votes to lift the remaining ones, it will not be internationally traded. Link to comment Share on other sites More sharing options...
dnardreams Posted January 7, 2011 Report Share Posted January 7, 2011 This is the big reason everyone is talking about the GOI being fully seated. Until the goverment is fully seated it is not official. The UN voted to lift the sanctions but said that Iraq must create a fully seated official gov't before the sanctions could be fully lifted. Link to comment Share on other sites More sharing options...
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