NEWS!  WELL – THIS IS ENCOURAGING!!!!!

Happy “Taco” TUesday,

I just had to share this News from our friends at the IQD Team!

LINK:  

@TheIQDTeam: Between speculators and the central procedures dollar exchange rate up to the highest rate in two years http://t.co/MDquDP9d59/s/tbxc

FULL ARTICLE:

Between speculators and the central procedures dollar exchange rate up to the highest rate in two years

Tuesday 10 March 2015 12:50

Alsumaria News / Baghdad

Continuous rise in the price of the dinar against the dollar despite the central bank action to maintain stability, what is the secret of this rise after years of relative stability? And how they can be met, whether caused by a contraction of the dollar amounts of the market? 

During the past two months have seen the Iraqi market, a gradual rise in the dollar’s exchange rate against the dinar, currently up to 1228 dinars to the dollar, the highest rate up to the exchange rate during the past two years, and while specialists Financial considered that a bubble is due to appear for the speculators, that the experts confirmed This increase was the result of the budget law, which reduced the amount of dollar selling in the auction.

And confirms the Governor of the Central Bank on the relationship, “The rise in the dollar price in the market is slightly due to speculators,” explaining that “this increase came after the Bank has developed new mechanisms to sell the dollar at the auction.”

Illustrates the relationship in an interview with Alsumaria News for, “This rise is due to speculators in the dollar and some groups that were subsist on the bank auction before,” he said, adding that “the bank expected for such a rise in the dollar, which is unjustified and unreasonable and real at the same time “.

Keywords and pointed out that, “This rise is considered normal when you move from one stage to another or from one mechanism to a new mechanism to sell the currency.”

For his part, Economic Adviser to the Prime Minister says the appearance of Mohammed Saleh in an interview with Alsumaria News’s, “The rise experienced by the dollar in the market currently in front of the Iraqi dinar is just a bubble because there are some speculators and Translated in the market,” he said, adding that “the dinar is very strong and is covered by one and a half of hard currency. “

Saleh stresses that “the bank has enough to dispel these procedures bubble within a few hours of shut down and restart the situation to what it was previously.”

As a member of the Economic Committee Najiba Najib Afqatol in an interview with Alsumaria News’s, “The budget bill for the current year 2015 included a restriction or condition within one of its articles, which can not exceed the sale of the bank conducted by more than $ 75 million per day auction, indicating that” the new procedures to sell the currency imposes the existence of documents of any order to buy the dollar by the Bank to participate in the auction banks, and these amounts can be obtained only after 15 days. “

Najib confirms, that “the central bank introduced an appeal to the Federal Court to cancel this requirement in the budget, unexpected gain appeal there to be free to sell the dollar auction the bank, and therefore this will be reflected in the reduction of prices of the dollar.” 

He says economist Hilal Tahan said in an interview for the Sumerian News, “The budget bill for the current year reduced the central bank sales of $ 300 million to $ 75 million a day, causing a rise in the dollar markets.”

Miller adds, “The rise of the dollar against the euro prices worldwide and sterling was another reason for the rise locally, and that the dollar supply in the domestic market is very small, which led to a rise to 1228 dinars to the dollar.”

The dollar price in the local market before the Iraqi dinar gradually up to 1228 dinars to the dollar, compared to 1225 thousand dinars to the dollar over the past month and 1,200 dinars to the dollar through the end of last year 2014.  

~ Mr. IQD

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What’s UP with the CBI.iq being DOWN?

Happy Wednesday Dinarians,

Well, the CBI has not been posting new exchange rate figures on their website now since Sunday, which is the first Business Day of their week.

What's UP with the CBI.iq being DOWN?

What’s UP with the CBI.iq being DOWN?

Many Hack Gurus in this community may be trying to convince you that the rates are down because the “Whales” and the “Tier 1” people and other “Insiders” are finally cashing in!

It is my humble opinion that is just nonsense!  Why should you believe the Hack Gurus and their rhetoric?  After all, have they ever been correct once?  How many times have they gotten it “wrong” – how many lies have they told you?

Now, lets talk a little common sense please.

Today, I’m actually having difficulty even pulling up their website, half the time the browser times out, saying “This Webpage is not available”, but that may just be a local issue.

If you listened to Straight Talkin’ Mike on The IQD Team’s call last night, you have a better idea of what might be going on.

If you didn’t listen, then go to: 

https://www.freeconferencecallhd.com/playback/?n=IWdZU/jwsBs

Then, skip forward about 16 minutes to when Mike and LJ start talking about this situation with the CBI not showing the rates.

Furthermore, I asked Kaperoni with Dinar Alert what his opinion was about the CBI not showing the rates, the following is an excerpt from his excellent reply to my email:

The market price is the price on the street.  It must be Continue reading

What’s the deal on [Bank Currency Exchange] 800#’s?

Hello Dinarians,

Over the weekend we got this question in our Mail Bag from Tomas.  It reminds us that we have to continuously remind you to be diligent when listening to these “Hack” Gurus!

Anonymous Name / Handle: tomas
Comment: What’s the deal on 800#’s? Is there really an 800 # system that you call to determine Continue reading

URGENT – We Have Wells Fargo’s Toll Free Number for Currency Exchange…

Wells-Fargo_Foreign-Exchange_Toll-Free-NumberThis is from our Skype Room today (June 5, 2013) and was so important, I wanted to repost it straight away, instead of waiting for it to show up in the Archive later.

[12:59:05 PM] Kimberly: [..OKIEOILMAN] GOOD FRIDAY AFTERNOON AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. I HAVE BEEN REQUESTED AT THIS CRITICAL JUNCTURE TO CORRECT A MIS-CONCEPTION BEING BANTERED AROUND. THERE IS WORD CIRCULATING THAT SOME Continue reading

Skype Room Chat – Jan 31st, 2013

BE PART OF THE CONVERSATION – REQUEST TO BE A PART OF OUR ANTI “HACK” GURU SKYPE CHAT ROOM!!!

January 31st is today’s post. Well, Wednesday’s posts were “lite”, but it seems we let loose on Thursday, as there is just a TON of GREAT stuff and banter! Enjoy!

We will see rhetoric from the likes of several Hack Guru’s including: TerryK, OCrush, Poppy3 (featuring a “This Day in ‘RV’ History), BGG…

Also, don’t miss our poking fun at “Tier 1” folks up in RENO cashing out… LOL!!!

Note:  I tried to highlight all of MarcG’s comments in “Green” – hope I got them all.

THIS IS THE POST FROM OUR SKYPE ROOM CHAT ON JAN 31st:

[1/31/2013 10:45:39 AM] Mr. IQD: ************************
[1/31/2013 10:45:47 AM] Mr. IQD: HACK GURU ALERT….. LOL!!!
[1/31/2013 10:46:20 AM] Mr. IQD: HONESTLY I CAN’T EVEN BELIEVE THAT DINAR GURU WOULD REPOST SUCH RUBBISH…..  BUCKLE UP, HERE WE GO……
[1/31/2013 10:46:24 AM] Mr. IQD: ———————
[1/31/2013 10:46:29 AM] Mr. IQD: 1-31-2013  Intel Guru TerryK   LOOK AT THIS MESSAGE  “Terry, Just got a call and being told RV tonight at 11:59 PM at Continue reading

Dr. Shabibi – Video – US Chamber of Commerce in Washington DC – April 19, 2011

Hello Dinarians,

There are many people and gurus in the IQD “RV” community who talk about this speech from time to time, so here you can listen for yourself!

Just in case you have not had a chance to watch Dr. Shabibi give his “famous” speech at the U.S. Chamber of Commerce in Washington D.C. on April 19th 2011 – the following four YouTUBE videos will get you caught up.

This is where Dr. Shabibi is asked by an audience member about the revaluation of the IQD, and how soon will it happen (at end of Video #2 – Shabibi’s response start of Video #3).

He also takes an audience question about the “cut the 3 zeros” – Shababi addresses this and corrects the misinformation in the newspapers about this “myth”!!!

Among many things, Dr. Shabibi discusses their need to keep “reserves” and the need for a stabilized Continue reading

NEWS!!! The IMF has a very positive outlook on the CBI and IRAQ!!!

Happy Monday Dinarians,

Well there seems to be a lot of mixed-feelings flying around in our Dinarian community and there is just as much “mixed news” out there also!!!

Today we noticed two exciting things on the Central Bank of Iraq’s ( www.CBI.iq ) website that gives us two really GREAT things to be optimistic and positive about – we hope you agree and find peace and confidence also with these!

FIRST:  The CBI had a Currency Auction today (October 15, 2012 | Live | Screen-Shot) which sold over $294 Million in US Currency in Auction# 2235!  This is another huge sale of USD.  We are excited about this because we believe the CBI is intentionally making the IQD “scarce” and flooding the streets with USD which they will use as the “small currency” at the time of “RV”.

NEXT:  The IMF released a document which was linked on October 5, 2012 which is extremely positive on the future outlook for Iraq.  This is a short document and worth taking five minutes to read!  It will cheer you up about Iraq and hopefully help you better understand how the International Community looks at Iraq. 

HERE ARE SOME OF THE FIRST EXCERPTS FROM PAGE 1 OF THIS DOCUMENT:

In July 2012, the IMF’s Executive Board extended the SBA until February 2013 to allow more time for the authorities to implement structural measures envisaged in the program and address distortions in the foreign exchange market that have led to the widening of the spread between the official and market exchange rates.

Background

Iraq is estimated to have the world’s second-largest oil reserves, with reserves of 143 billion barrels. By the 1970s, Iraq’s oil resources had enabled the country to reach middle-income status, with a modern infrastructure, and good education and healthcare systems. Since then, however, the country has suffered through three devastating wars, a long period of economic and financial mismanagement, and international sanctions imposed during the 1990s. These events severely damaged political and economic institutions and undid earlier economic and social gains. By 2004, per capita GDP had fallen to less than US$800 from US$3400 in 1980, and the country suffered from a crippling debt burden.

The task of rebuilding the country after 2003 remains immense and is made harder by sectarian politics and prolonged violence. Iraq’s reconstruction requires not only the rebuilding of its infrastructure, but also of its economic and social institutions and the creation of a business environment that attracts capital and brings with it new technology and skills to modernize the economy. Iraq’s huge oil reserves could, in principle, provide the revenues needed to finance the reconstruction, but strong institutions and favorable business environment are needed to use these resources effectively.

NOW… Ask yourself….  Do you really think after reading this IMF document that the World Community will let a punk like Maliki screw it up for Iraq and also the entire free World Community?  Our opinion is, not likely!

Have a GREAT Day  🙂

~ Mr. IQD