Currency Auction CBI 5/3/2011

[zaborniake]

MM, IMO I don't think the CBI would manipulate the auctions as a diversion. These play a big role in thier fragile economy. JMHO.

[MarchMadnes]

MM, IMO I don't think the CBI would manipulate the auctions as a diversion. These play a big role in thier fragile economy. JMHO.

Can you give us more in depth to what I asked my friend?

[mort]

This is the lowest auction in the last 5 years.

[cgbrown]

Is it time to wake the POSSUM?

[HYDRANT]

THANKS SUNTIGER---I REALLY WOULD LIKE TO SEE DOC POST ON THIS---AND WHAT IS GOING ON

[HYDRANT]

THANKS MORT ALREADY READ--GOOD POST

[yanksrock]

Currency Auctions

Announcement No. (1888)

The latest daily currency auction was held in the Central Bank of Iraq on the 3-MAY-2011. The results were as follows:

DETAILS NOTES

Number of banks 6

Auction price selling dinar / US$ 1170

Auction price buying dinar / US$ -----

Amount sold at auction price (US$) 3,515,000

Amount purchased at Auction price (US$) -----

Total offers for buying (US$) 3,515,000

Total offers for selling (US$) -----

Exchange rates

Dollar's exchange rates / in Baghdad markets

[suntiger]

Big Money! No whammies!

[k98nights]

trust me this is great something is about to happen soon everyone be prepared for anything right about now. This aucton is way too low.

I agree...

[HYDRANT]

THANKS---I THINK THIS HAS BEEN POSTED TWO TIMES BUT THATS OK ITS GOOD

Edited May 3, 2011 by HYDRANT

[MK1964]

This is the lowest auction in the last 5 years.

It's very interesting. Yesterday was app. 28 mil USD, today 3,5 mil USD. I try to use my brain what does it mean. Is it possible that CBI auction show us that we are very close to RV. It is logical explanation. They don't want to buy more USD because they want to have more IQD when RV come. I hope Shab will "push the button" very soon, maybe this week

[Butifldrm]

Wow, great news this morning.

[fnbplanet]

Wow !!!! :blink:

This auction looks REALLY REALLY low !!!! Can't believe my eyes!! :blink:

I REALLY, REALLY CAN'T BELIEVE THOSE TEETH! Just kidding....

[krmayo]

I've never seen it this low either. It really looks like RV is immanent.

The latest daily currency auction was held in the Central Bank of Iraq on the 3-MAY-2011. The results were as follows:

Details Notes Number of banks 6 Auction price selling dinar / US$ 1170 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 3,515,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 3,515,000 Total offers for selling (US$)

[Doc31]

Is that the lowest yet?

No, but you'd have to go back to Dec 26, 2006 to find something lower. Unfortunately, the cash/wire portions being reported separately doesn't start until what 2009?

Let's see the function of the auction is to maintain liquidity ... yet "minuscule" isn't small enough to cover today's auction ... only 6 banks participating ... oh ... and did I say yet that it is ALL CASH!

I don't know folks, but ordinarily I would advise my friends to "hold onto your skivvies boys and girls" ... while we don't know what is going to happen (although there is enough speculation to fill an aircraft carrier) ... it looks as though SOMETHING is definitely up ... what do you say ... just this once ... that we ALL believe it's the value of the IQD going up!

I know ... I know ... expecting ALL of us to believe a single thing is asking a bit much ... give it a try though, won't you?!

Peace

Doc31

[firefloor]

Thanks for the reply Doc......I BELIEVE!!!!!!!!!!!!!!

[therentman]

Thanks for the post suntiger and thanks for the reply Doc31. It is time to believe!!!

Go RV!!!

[BJF]

I BELIEVE!!!!!!!

[dinar-racer]

Thank's Doc ....I believe..Go RV

[nowhammies]

Big Money! No whammies!

That's what I'm talking about.....No Whammies!

[Qman]

So when do we sing this song???

[ckh]

No, but you'd have to go back to Dec 26, 2006 to find something lower. Unfortunately, the cash/wire portions being reported separately doesn't start until what 2009?

Let's see the function of the auction is to maintain liquidity ... yet "minuscule" isn't small enough to cover today's auction ... only 6 banks participating ... oh ... and did I say yet that it is ALL CASH!

I don't know folks, but ordinarily I would advise my friends to "hold onto your skivvies boys and girls" ... while we don't know what is going to happen (although there is enough speculation to fill an aircraft carrier) ... it looks as though SOMETHING is definitely up ... what do you say ... just this once ... that we ALL believe it's the value of the IQD going up!

I know ... I know ... expecting ALL of us to believe a single thing is asking a bit much ... give it a try though, won't you?!

Peace

Doc31

Those are some pretty powerful words there Doc!

Let's all click our heels three times and say, "I believe!, I believe, I believe!"

[aferriss]

This is a very positive sign.

[Dogma]

So when do we sing this song???

Awesome! That's just crazy...

[AoK]

So when do we sing this song???

Hopefully sooner than later Qman!!!