graml Posted May 3, 2011 Report Share Posted May 3, 2011 Hey Doc31 if you are out there we need some really knowledgeable insight please. Thanks for the post. Link to comment Share on other sites More sharing options...
kinglizzy99 Posted May 3, 2011 Report Share Posted May 3, 2011 Doc31 or whoever else, Would you mind providing a cliff notes version of why this is significant? I know you mentioned to "maintain liquidity" and that "only 6 banks participated" etc., but what are the whys behind this? (even a link to a prior discussion on this - I usually save nuggets of important info I read, but must not have saved anything re: auctions and the significance behind the numbers). We have 3 pages of people either commenting that this is good news or looking to you for your analysis...but only a very few can deconstruct the information... Thanks, 1 Link to comment Share on other sites More sharing options...
chilli24 Posted May 3, 2011 Report Share Posted May 3, 2011 Hey Doc31 if you are out there we need some really knowledgeable insight please. Thanks for the post. He already posted on here! Link to comment Share on other sites More sharing options...
Qman Posted May 3, 2011 Report Share Posted May 3, 2011 Or this song??? Link to comment Share on other sites More sharing options...
Darin Posted May 3, 2011 Report Share Posted May 3, 2011 So since the cash-portion began being logged in roughly, what? 2006? Have we ever had a day where the entire auction was cash exchange such as today? This will be a hot topic today, in my opinion, since last week the lowest we saw was 16m. Yesterday was 18m. And today we got as low as 3m. So the trend of low auctions continues and all we can do is speculate as to the reason(s) why. 2 Link to comment Share on other sites More sharing options...
graml Posted May 3, 2011 Report Share Posted May 3, 2011 Did not see Doc's notes on page 2, sorry. Thanks Doc. Link to comment Share on other sites More sharing options...
tjfoz Posted May 3, 2011 Report Share Posted May 3, 2011 (edited) I think this is significant. Iraqis are probably getting informed over there as we speak to hold their dinars. Banks holdn'. Lovn it ! Edited May 3, 2011 by tjfoz Link to comment Share on other sites More sharing options...
Teresa82 Posted May 3, 2011 Report Share Posted May 3, 2011 I believe! Link to comment Share on other sites More sharing options...
Ore Posted May 3, 2011 Report Share Posted May 3, 2011 Exciting times for sure. I just hope the low number are not due to the fact that the banks may know that the current IQD may be demonetized and redenominated ; hence, they dont want to buy large amounts if the currency is about to change (and hopefully RV as well). 1 Link to comment Share on other sites More sharing options...
debratzz Posted May 3, 2011 Report Share Posted May 3, 2011 GO RV :D :D Link to comment Share on other sites More sharing options...
Ateam Posted May 3, 2011 Report Share Posted May 3, 2011 RV - NUFF SAID !!!! LOL I hope this means something to! Link to comment Share on other sites More sharing options...
mort Posted May 3, 2011 Report Share Posted May 3, 2011 Lower demand for dollar on Tuesday BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) dollar sales dropped on Tuesday to $3.515 million at an exchange rate of 1170 Iraqi dinars per dollar, compared to the previous session’s $20.936 million. "The demand hit $3.515 million in cash today, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and no foreign transfers have been done outside the country," according to a CBI news bulletin received by Aswat al-Iraq news agency. None of the 6 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. http://en.aswataliraq.info/Default1.aspx?page=article_page&id=142333&l=1 Link to comment Share on other sites More sharing options...
ammo2001 Posted May 3, 2011 Report Share Posted May 3, 2011 There has to be a fat lady somewhere on this FOB that wants to sing for me! Ammo out 3 Link to comment Share on other sites More sharing options...
Darin Posted May 3, 2011 Report Share Posted May 3, 2011 Lower demand for dollar on Tuesday BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) dollar sales dropped on Tuesday to $3.515 million at an exchange rate of 1170 Iraqi dinars per dollar, compared to the previous session’s $20.936 million. "The demand hit $3.515 million in cash today, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and no foreign transfers have been done outside the country," according to a CBI news bulletin received by Aswat al-Iraq news agency. None of the 6 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. http://en.aswataliraq.info/Default1.aspx?page=article_page&id=142333&l=1 My favorite part... No foreign transfer have been done outside the country. And as for the cash portion - if you notice, the 1,183 is a lower value, therefore the bank is making the difference 13 per IQD. 0.000845-0.000854 = 0.000009. What was the average auctions in the past? 150M? Such a small spread. What's a normal Central Bank spread...? Anyone able to provide examples? Link to comment Share on other sites More sharing options...
sandyf Posted May 3, 2011 Report Share Posted May 3, 2011 Other articles would suggest it is something to do with new exchange regulations the CBI have introduced. May not be the indication you are looking for. Stay grounded and optimistic. 1 Link to comment Share on other sites More sharing options...
Tubbs Posted May 3, 2011 Report Share Posted May 3, 2011 I BELIEVE............. I can fly ...... to BELIZE ...... Come on ......RV !!!!!! 2 Link to comment Share on other sites More sharing options...
JohnnyZ Posted May 3, 2011 Report Share Posted May 3, 2011 I agree with you Ammo2001 I am looking for the fat lady warming up! Link to comment Share on other sites More sharing options...
mordiaky Posted May 3, 2011 Report Share Posted May 3, 2011 Other articles would suggest it is something to do with new exchange regulations the CBI have introduced. May not be the indication you are looking for. Stay grounded and optimistic. POOF you got smoke in your eyes 1 Link to comment Share on other sites More sharing options...
Ateam Posted May 3, 2011 Report Share Posted May 3, 2011 Excited but heard that this may not mean much. Link to comment Share on other sites More sharing options...
Brisco Posted May 3, 2011 Report Share Posted May 3, 2011 So when do we sing this song??? That's AWESOME. LURV IT!!!! haha GO RV BABY. Link to comment Share on other sites More sharing options...
matt77 Posted May 3, 2011 Report Share Posted May 3, 2011 Sounds good to me. Bring on the RV!!!!!!! Link to comment Share on other sites More sharing options...
kwg Posted May 3, 2011 Report Share Posted May 3, 2011 Holy crap!!!!!!!!!!!!!!!!!!.....I mean really............ Holy crap!!!!!!!!!!!!!!!!!..........it just fell off a cliff. Something is definitely going on............... this is our sign. Brace yourselves folks this is very very exciting!!!!!!!!!!!!!!!! OK I just wet myself 3 Link to comment Share on other sites More sharing options...
Blessed4ever Posted May 3, 2011 Report Share Posted May 3, 2011 QUOTE: "I hope this is significant, but if you look at the currency auctions you will see that they have gone 10 business days or longer with an auction of zero dollars. Not sure what the low amounts are about, but I hope it means good news for us." THIS IS NOT MINE... found this from another site and just wondered if anyone has any comments or insight on when that was or what that would mean. ?? Link to comment Share on other sites More sharing options...
OhYeah Posted May 3, 2011 Report Share Posted May 3, 2011 OH YEAH...........this is big!! Link to comment Share on other sites More sharing options...
FlyinEagle Posted May 3, 2011 Report Share Posted May 3, 2011 "Doc31, on 03 May 2011 - 06:28 AM, said: 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!" " Read more: http://dinarvets.com/forums/index.php?/topic/64880-currency-auction-cbi-532011/page__st__40#ixzz1LIsQbdlF How about ... "click the heels three timess and say, "This is a GREAT time for an RV, This is a GREAT time for an RV!!!!!!" Apparently I do not know how to add a quote to a reply ... I apologioze and credit both DOC31 and CKH in the above statement by myself ... Thank you 1 Link to comment Share on other sites More sharing options...
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