LMFAODABATHCTDB-

LMFAO-drinking a beer at the house checking the dinar board......lol your killin me with yur consistancy! Way to go.

Flip13, I may be wrong but I will say no, the closest comparison that all have used is Kuwait and when I was boots on the ground in Aug. 90 bad a s s saddam robbed the Kuwaiti bank of a bunch of their money and subsequently wasn't honored by serial number and street value fell to an astronomically low value of like .10 or .20 or something like that -cant remember as the mission was taking body count of republican guard and after all that, the kuwait dinar value came right back close to where it was. Not many if any had a chance to call that one within the time frame for investment purposes and make a ton.

Botat, if ya don't mind me buttin in, but "Though I agree there will be a LOP, but not to the degree that you believe." you said... and what would that be? Most do the number of zeros on their current currency..?? What degree of lop you think they would be into? Sooo... a 1 zero lop, 2 zero lop. If the CBI decides to lop the only lop that will happen (IMO) will be 3 zeros, how could any other decision help them if they go that route. I'm not saying or agreeing but really-a parcial lop, its silly don't you think.

LOL,yup....

was thinking same BA ?

RELM-.0016's hit, dont miss it!

.0016 hits nice, Vol. picking up suddenly

.0015 hits- .0016 up, could get moving here!

Very interesting, these arablish articles very difficult to understand-people come up with many different interpretations, but very interesting. "but what we need is the resources it takes to complete this command." that was the last sentence about deleting the zeros-......

Yes there are those 2 coins that we know of not in circulation yet. They have pictures of them on CBI website
You said "Do you think the 100 note and 50 note would get their zeroes removed also?" in your post #383...

And my reply was there are no 100 notes. I mean jeeze a note is a note and a coin is a coin

I agree, got to have an iron gut and staying power of a sugar ant! GL to you

Pretty pissed off and disgruntled huh? I'll tell you what to save you alot of heart ache and negative posting, and you won't have to deal with the stress, put yur chit on ebay - you can get 1000-1100 per million, I know you didn't pay that much, save us all from the drama. good luck

Clay your video charts are awesome-do you have a updated chart for ZVTK !
thx,
sp

I argue that point and been asking/researching that for months. You and me both, well all of us would like to know the true answer. BUT, CBI has the charts on line of what the money supply is and M2, M3 etc. this is old stuff, been thru the ringer many a day with these numbers. Very possible investors/speculators hold quite a bit of dinar, no one really or most likely will never know but there are alot of shoeboxes out there filled with dinar

botat, they been buying dinars for years, this nothing new, status quoe

cj-she's ready, look at the Vol. increase already from yest. and a nice little consolidation WHILE holding support. lookin good

Ya, your reading too deep into it, when a change comes as far as exchange rate, it will happen to all...ALL the currency. Saving accounts cd's etc etc.

CBI’s dollar sales surge to 251m
March 11, 2010 - 02:02:45

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq’s (CBI) dollar sales rose significantly to $251.565 million in its daily auction on Thursday, compared to $181 million in the previous session.

“The demand hit $11.990 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $239.575 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 19 banks that participated in today’s session offered to sell dollars.

The Central Bank of Iraq runs a daily auction from Sunday to Thursday.

sportfisher-that other link didn't have all the details like this one, it used to show cash and electron. transfers but here it makes more sense huh! 11.99 mil lets call it $12 mill. US worth of dinar was sold to the CBI from the 19 banks. And you can see the CBI makes 13 dinar off each dollar's worth they buy. So I was wrong and had it backwards-the banks got rid of dinar back to the central bank and got dollars in return.

See how misleading and hard to decipher this chit is from Iraq at times!








http://en.aswataliraq.info/?p=128402

I didn't check your math but yes those 19 banks bought $251,565,000 (US dollars worth) of dinar from the CBI.

Article from Aug 08- Just to show how contradictory all the STUFF thats put out by their leaders, advisors, nuckleheads etc.

Kurds say that the central bank told them that the Iraqi currency will change to add language to hit friendly

2009-08-17 8:10:36 AM 2009-08-17 8:10:36 AM



Party of Masoud Barzani said that Iraq's central bank governor told them that the Iraqi currency will change to be added to the Kurdish language


Kurdish media and disseminate the news today and said that according to the constitution, Iraq's two official languages, Arabic and Kurdish


The media said Walker de

Central Bank of Iraq announced its decision not to delete the zeros the Iraqi currency, and instead will change the shape of the Iraqi dinar currency to the new format and the use of hit-friendly language and Arab money.


In a statement the central bank had been discussed delete the zeros of the Iraqi dinar by the Bank in Iraq, but that in the latter was reached to change the resolution and maintenance of the zeros of the Iraqi dinar.


In another section of the statement pointed out that instead of deleting zeros Iraqi money, money will then be work otherwise.

The statement also "will use both languages Walker friendly and Arabic in the new edition of the Iraqi money

http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.iraq-ina.com/showthis.php%3Ftype%3D1%26tnid%3D41288&prev=_t&rurl=translate.google.com

It goes both ways on whatever their needs are.

This is the way those auctions work-the local banks in the area need a supply of dinar to facilitate the daily needs of the citizens and business, they get their dinar from the central bank.
In retro spect, these 19 banks all bought dinar from the CBI by selling dollars to the CBI that were in their coffers. And you can see none of them needed dollars because those lines were zero.
In the past when a ton more dollars were out in the street being used, the auctions showed both dollars and dinar being bought and sold. Hope this helps

They have been trying to ween the internal of the country off the dollar and use dinar more so thats why most of the auctions in the past recent months show banks only buying dinar and very little sales of dollars if any at all.

Isn't the US greenback a foriegn currency to them!

No. of banks participating in CBI auctions usually are low to mid teens but have been higher in the past also, so 19 banks....prbably short on dinar supply from the long shutdown. Nothing out of the ordinary there on my take.

More oil found in Northern Iraq-Kirdish area-

Gulf Keystone, MOL test Iraqi oil fields

Published: March. 10, 2010 at 10:00 AM

ERBIL, Iraq, March 10 (UPI) -- Gulf Keystone Petroleum announced its subsidiary operating in the Kurdish region of Iraq examined the oil and gas potential at the Akri Bijeel block.

Kalegran Ltd., a subsidiary of Hungarian energy major MOL and Gulf Keystone, said it concluded a successful oil test at the Bijeel-1 exploration well north of Erbil.

Gulf Keystone, a London-listed company, said combined reserves in the region could bring the aggregate flow rate to about 24,000 barrels of oil equivalent per day.

Gulf Keystone said estimated reserves of crude oil from Iraqi Kurdistan are greater than even the most optimistic expectations.

In July, the Kurdistan Regional Government in Iraq awarded Gulf Keystone contracts to explore two other blocks, Sheik Adi and Ber Bahr, in Dahuk province.

Iraqi Kurdistan began post-invasion oil exports from its Taq Taq and Tawke oil fields June 1.

International analysts say Iraqi oil production could top 10 billion barrels per day, rivaling Saudi Arabia within the next 10 years.

http://www.upi.com/Science_News/Resource-Wars/2010/03/10/Gulf-Keystone-MOL-test-Iraqi-oil-fields/UPI-23411268233257/

Well they have been advertising the lower notes on tv there, or maybe that was rumor, but could be.

Yes, agree- 19 banks bought quite a bit of dinar to keep them going.

goofydog-thats the same question all are wondering, I or anyone else couldn't possibly have that answer for you. You have seen all the scenarios!
We know new currency is coming ie. lower denoms, we have to wait it out and see.

oh, thanks IRAQ1370 lol

Announcement No. (1607)The latest daily currency auction was held in the Central Bank of Iraq on the 11-MAR-2010. The results were as follows:

Details Notes
Number of banks 19
Auction price selling dinar / US $ 1170
Auction price buying dinar / US $ -----
Amount sold at auction price (US $) 251,565,000
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 251,565,000
Total offers for selling (US $) -----



Exchange rates




Dollar's exchange rates / in Baghdad markets

Copyright © 2010. Central Bank of Iraq. All rights reserved. Please read important disclaimer.

Donshub2 where/who keep selling dinars? I missed that in your post!

GBD-post #20513 lays some of the time frames out. ->


I realize they want to pass laws etc etc, that is not my point. My point is that the talk about the dinar lopping pretty much started right after issue,lol We been listening to that crap 5-6 years now or mabey more!
No other countries himed and hawed about it for half a decade or more:
1. Lets start with Russia-massive turmoil in early 90's....Apr 1995 after new leadership in place passed new russian monetary policy and a revised law for the central bank. Didn't have any regular discussion about lops etc etc. Then Aug 97 passed the currency change law and executed it Jan 98
Pattern: decision to execution -a bit over a year.

2. Afghan currency- no information anywhere on years prior discussions- 2001 taliban get asswipped,pushed out of gov't, they have a believd nightmare of up to 7 diff. currency otu and new issue/lop 2002.
Pattern: decision to execution - a year

3. Turkey-presidential order Dec 2003-issue and lop Jan 2005- Find me some reports, articles, anything,96-97,2001,2002, where they discuss lopping to the public.
Pattern: decision to execution - 13 months

4. Iran-discuss lop 2001-no, how about 2004-no.....Sep2007 order to revalue, lopped Aug 2008.
Pattern: decision to execution-13 months

So whats going down? Nobody knows, my whole point is unrealistic duration of time that a few iraqi knuckleheads have talked about "lifting 3 zeroes" (everyone else drops them) for yeeeaaarrrs and the whole time massive improvements in all areas.
When they gonna pass the law.

So if they use peanuts of the amount outside of banks, where is it? Shoe boxes, safe deposit boxes? Also we know since 2003 all this mega dinar out there (tongue in cheek), I don't believe it.. do you know we print like some 900 mil a day US just to pull in and replace damaged / used up bills? Numbers could be wrong. Do we have any information on how much more was printed up or issued from dinar on hand to replace 7 yrs of damaged dinar. So if CBI charts are right in the 20's of trillions, They would have had to print at least 50 to 60 trillion dinar to handle/replace damaged bills etc. since 2003. I believ on average a bill lasts like what 2-3 years probably less! Seems just hard to agree with their astronomical numbers being put out

Aero-lets figure out how on gods earth this little chit stamp sized country can have little more than 20 million money using citizens UTILIZING 20+ TRILLION dinar. With a majority of their money intake in dollars which steers directly forward to budget and other..... Its just unfreaking unbelievable how they can possibly utilize this many dinar out in the streets/markets. Heck we'll even include a small country next door! Or better yet lets cut the amount of dinar out their in half to 10 trillion (just for chits and giggles) 20 mill folks couldn't possibly keep 10 trillion dinar flowing and working and circulating. These numbers just ain't workin for me. There has got to be a number or chart flaw somewhere in the information we all have and see. Do you realize how many pcs of paper that is. Its got to be tumble weeding down the streets in the sand storms, stuffed in garbage cans!!! I mean really, they have got to be misleading about how much dinar they got stacked up or palletized in their banks. Just doesn't make sense to me

Kinda don't know what u mean, the notes are going to change. Out with the old and in with the new currency. Its the only way its done-and it will be going on at the same time for the specified time given for the exchange period by CBI and gov't. 2 months-6 months, a year...no one knows.

So can they revalue out of the blue before a currency change? How could that even work without having the new notes to use. Its got to be done at the same time don't you think.

You need to read all the posts recently, I firmly beleive all the currency will be changed out for sure. Going to happen.

No, I have always thought slow grow and still in that frame of mind. It very well may lop and I have always been ready to accept that as the worst case scenario, thats the risk all have taken or should have been aware of, but in Iraqs situation-I still think there may be more in it than wack off the zeroes and stick a fork in it. Just my opinion.

Yea, third post here "screw iraq" . Get the h e l l outa here ya big dummy!

You are exactly correct, NOBODY knows what will happen. That is the risk you took on in the beginning like all of us.
Every single poster that has put out negative remarks is banking on past history results over the years of all the different countries that redenominated their currency. NONE of these countries were in the same postion as Iraq is now. When all the other countries decided to do their thing with the currency it was announced and put into law and pretty much done within a years time-check my prior posts as I laid that time frame comparison out with a bunch of countries. This situation with Iraq has been been decided years ago and then no. Year after year, They don't what they will do yet.
So you know the risk, do your DD, look at the facts and we wait it out. These other jokers just like to keep a negative flow going on for whatever reason. But the facts are-if you bought in some time ago, you at least break even probably plus. If the revalue takes a better shape a few grand is in order, and of course the possibility of the winfall. Nobody knows.