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Official Central Bank of Iraq (CBI) Dinar Rate:
1166 IQD to 1 USD
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Dinar Gurus who feel Dinar will RV within days...
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Dinar Gurus who feel the Dinar will FLOAT "slowly" upward instead of RV...
12-22-2014 Newshound Guru sczin11 Press Release: "Iraqi judiciary decided, on Monday, the release of the former Central Bank Governor Sinan al-Shabibi and acquitted of the charges against him, as well as the release of the former Minister of Communications Mohammed Allawi." Dr. Shabibi IS FREE! This IS THE BEST OCCURRENCE IN RELATION TO THE CBI RELEASING A TRUE VALUE TO THEIR CURRENCY, I HAVE SEEN SINCE THE DOCTOR WAS RELIEVED OF HIS DUTIES AS GOVERNOR OF THE CBI SEVERAL YEARS AGO. it was HIS PLAN INITIALLY, HE HAS THE SMARTS! HE IS THE CONNECTION IRAQ HAS TO IMF! HE KNOWS ECONOMICS...HE WILL BE THE TRIGGER! IMHO.
12-22-2014 Intel/Newshound Guru tman23 [...U STILL THINKING BY THE JAN 1?] absolutely...and as stated a few weeks ago...Mahdi visted Shabibi in Switzerland...The NEW CBI is going to have a grand opening ribbon cutting ceremony...Shabibi " built this house"!
12-22-2014 Newshound Guru Millionday [i think you said that the reality rate is with the payment of the dfi funds...?] THEY STATED THAT THE DFI FUNDS WILL HAVE THE EXCHANGE RATE IN IT AS PLAIN AS DAY. THE FACT THAT THEY HAVE STATED THEY ARE WORKING AROUND THE CLOCK TO HAVE THE BUDGET IN PLACE BEFORE THE END OF THE YEAR-- WOULD SAY TO ME THAT IS THE ONLY THING OTHER THAN IMPLEMENTATION ACCORDING TO...A FORMAL DOCUMENT FROM THE IMF DIRECTLY. [post 2 of 2]
12-22-2014 Newshound Guru Millionday THE BUDGET IS ACTIVELY BEING DISCUSSED AND BEING COMPLETED. THEY ARE WORKING TO KEEP THEIR PROMISE/GOAL. THE BEST PART >>> It is said that the Deputy Prime Minister by Araji announced on Saturday (20-12-2014) that the general budget will be adopted, transmitted next Monday. SO...WE WILL SEE IF IT IS HANDED OVER. [are you still of the mind that the reality rate is with the 2015 budget?] ...THE REASON I SAID THAT WAS DUE TO A REPORT WE HAD THAT STATED THE THREE ZEROS WERE NOT PART OF THE 2015 BUDGET. [post 1 of 2....stay tuned]
12-22-2014 Intel Guru Frank26 [Is this something we should be concerned with? Being that they are now outside of the 2% IMF compliance spread between the market rate and the CBI rate?] IMO...No. Pressures of The Market causes the rate to fluctuate in a negative way. Besides, IMO, 2% will kick in once the RI/ RV has been permanently established. IMO, This 2% is among a long Conga line of things waiting for a new rate ...Just like You and I.
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12-21-2014 Newshound Guru sczin11 all this continued talk about FLOAT, MANAGED FLOAT...FIXED, VARIABLE, ETC...EVERY CURRENCY IN THE WORLD TRADES ON THE CURRENCY MARKET, AKA FOREX! just LIKE THE STOCK EXCHANGES, FOREX TRADES ARE BASED ON A BID /ASK OR BUY/SELL RATE...THE RATES CHANGE WITH EACH BUY ORDER AND SELL ORDER... THEY ARE CONSTANTLY GOING UP AND DOWN...ALL THE EXCHANGES HAVE AUTOMATIC HALT MECHANISMS THAT STOP TRADING ON A STOCK OR COMMODITY OR CURRENCY, IF DAILY CHANGE IS MORE THAN A CERTAIN PREDETERMINED per cent depending on the particular exchange rules. THE RATES FLOAT, NO MATTER HOW YOU LOOK AT IT...
12-21-2014 Newshound Guru Kaperoni [Market rate at 1217 today , Dec 21.] ...bad news. Guess Article VIII is a ways away. All we can do is wait and see what the CBI says during the month of January after parliament starts passing laws. A Market Rate of 1217 is way out of compliance to around 3.5%. So what that means is we lose compliance and the last 20 days. Clearly, until the CBI can hold within 2% as required under Article VIII no exit is coming. This is a setback no matter how you look at it. There is a real chance we are not going to see anything with the dinar for several months or longer. Sorry for the bad news.
12-21-2014 Newshound/Intel Guru BGG Iraq is showing a sense of urgency and being accountable to the "world powers" - IMF, WB, etc, etc... [THINGS MOVING FAST IN DINAR WORLD?] big time.
12-21-2014 Newshound Guru Millionday LET ME SAY SOMETHING... ABOUT THE RATES...THERE ARE RULES AND COMPLIANCE WITH THEM...IF THEY COME OUT AT A MANAGED FLOAT THEY ARE NOT ABLE TO MOVE MORE THAN 2% IN EITHER DIRECTION. THE PRICE OF THEIR CURRENCY IS AS A PRODUCT. IT HAS TO BE PRICED FAIRLY AND SOLD HONESTLY. A MANAGED FLOAT WOULD MAKE MORE SENSE WITH ENTRY TO THE GLOBE AS THEY ARE AND THE ENTRY TO THE GLOBE WILL BE AT A RATE OF VALUE THAT IS NOT IMPOSED BUT WILL BE A REALITY RATE...HOWEVER DUE TO THE MASSIVE CONTRACTS -- I CANT IMAGINE NOT HAVING IT AT A MANAGED FLOAT MEANING HELD BY 2% IN EITHER DIRECTION.
12-21-2014 Intel/Newshound Guru Poppy3 ...KUWAIT RAISED THEIR RATE TO JUST OVER $9.00 FOR 6 DAYS TO QUALIFY FOR THE LOAN...ONCE THE PAPERS WHERE SIGNED THEY DROPPED IT BACK TO $2.83 AND IT HAS NOW RISEN TO $3.58. THATS WHY I TELL PEEPS TO STAY VERY ALERT BECAUSE THE TIMING CAN BE VERY IMPORTANT. THEY MAY HAVE CHANGED LAWS SINCE THEN TO PREVENT THIS HAPPENING...ONLY TIME WILL TELL. [post 2 of 2]
12-21-2014 Intel/Newshound Guru Poppy3 ...UP UNTIL ABADI TOOK OVER AND ALL THE DISCOVERIES OF FRAUD, THEFT, MURDERS, ETC. AGAINST MALIKI, IRAQ WOULD HAVE NOT NEEDED A LOAN BUT THEY HAVE NOW PLACED THEMSELVES IN THE SAME POSITION AS KUWAIT AND NOW HAVING TO GET A LOAN MAY BE BENEFICIAL FOR US PERTAINING TO THEIR INTRO RATE. [post 1 of 2....stay tuned]
12-21-2014 Intel Guru Bulldog75 IMHO, WE SHALL SEE THE SWEETNESS OF LIFE AND HOW WONDERFUL LIFE IS, VERY SOON. THE NEW YEAR IS A NEW LEASE ON LIFE. NUMBERS ARE NOT REALLY IMPORTANT AT THIS POINT. BUT IF YOU REALLY MUST KNOW, 3.33-11.11 ARE PRETTY GOOD.
12-21-2014 Newshound Guru Kaperoni Article: "Central Bank: We support the private sector continuing to provide foreign exchange requirements" Quote: "He called on the International Monetary Fund and the Central Bank of Iraq to take measures towards the gradual liberalization of foreign exchange offer through auctions held by the Bank in order to ensure non-recurrence of turmoil experienced by the financial market in the past year." ...sure sounds to me that they are gearing up for Article VIII...CBI release.
12-21-2014 Newshound Guru sczin11 Iraq has NEVER STOPPED PUMPING OIL! Let us not mix up, quantity of oil pumped, with the strength and power Iraq is, in relation to the rest of the world! Oil is traded in petro dollars, NOT Dinar. We are seeing much news and blame on NO BUDGET, DUE TO WORLD OIL PRICES! I SAY, BS! DR SHABIBI STATED A LOT OF THINGS, MOST IMPORTANT IN MY MEMORY WAS OIL NOT CRUCIAL FOR OUR GLOBAL MARKET.
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