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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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fonz1951
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21 posters

    The Central Bank strengthens banks in local currencies of small groups

    Rocky
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    • Post n°1

    The Central Bank strengthens banks in local currencies of small groups - Page 4 Empty The Central Bank strengthens banks in local currencies of small groups

    Post by Rocky Tue 05 Dec 2017, 6:32 am

    First topic message reminder :

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    Baghdad / Al-Ghad Press: 
    The Central Bank of Iraq called for the need to preserve the local currency, pointing to the strengthening of local banks in local currencies of small groups. 
    A source from the Central Bank of "Al-Ghad Press", said on Tuesday that "the bank calls for the preservation of the local currency and the strengthening of banks with small groups of local currency," pointing out that "the printing of the Iraqi currency and replace them cost amounts," calling on citizens to maintain and maintain Bank notes when trading ".
    He revealed that "the Central Bank has announced a tender for the printing of new banknotes (small categories) at the international printing companies." 
    The source said that "the Central Bank to pay cash from small groups to government banks and private banks have been distributed amounts given to banks during the month of November last year of the current (554,000,000) dinars (one hundred and fifty-four million dinars) category 1000 dinars and the amount of (202,500,000) Dinars (two hundred and two million five hundred thousand dinars) category of 500 dinars, "adding that" the Central Bank of Iraq pays to the Rafidain and Rashid Bank an amount of not less than (200 million) dinars (two hundred million dinars to change) in almost every withdrawal of its own assets.


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    ron-man
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    • Post n°31

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    Post by ron-man Thu 07 Dec 2017, 5:40 pm

    Thanks all.
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    Early1
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    • Post n°32

    The Central Bank strengthens banks in local currencies of small groups - Page 4 Empty Re: The Central Bank strengthens banks in local currencies of small groups

    Post by Early1 Thu 07 Dec 2017, 6:48 pm

    mochasmom wrote:Duck said that would never happen, still trust what he said
    Mocha - I remember him saying that - 
    Here is my problem - if there has to be an immediate substantial change in value say an RV at $3.41    -  why on earth would you make the leed up to that so public and still let your currency be sold for a worthless value ?

    You see - to me - all these latest steps are far to public to support an RV at $3.41

    I think Duck is wrong.
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    Screwball
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    • Post n°33

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    Post by Screwball Thu 07 Dec 2017, 7:16 pm

    Early1 wrote:
    mochasmom wrote:Duck said that would never happen, still trust what he said
    Mocha - I remember him saying that - 
    Here is my problem - if there has to be an immediate substantial change in value say an RV at $3.41    -  why on earth would you make the leed up to that so public and still let your currency be sold for a worthless value ?

    You see - to me - all these latest steps are far to public to support an RV at $3.41

    I think Duck is wrong.
    The good thing is no one knows u til it happens, I have always believe that will exchnage at Varying rates, and put restrictions like Germany did...if they do that rate is irrelevant, what I do know is there is a plan and what we know about it is only the tip of the iceberg...
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    sassy
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    • Post n°34

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    Post by sassy Thu 07 Dec 2017, 10:52 pm

    mochasmom wrote:Duck said that would never happen, still trust what he said
    Agree with you about duck mocha  mocha, plus if the rate changes,  we won't be able to get dinar at a low rate anymore, we'll be paying what it's worth and that'll a whole lot more than what we been buying it for!
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    Stevethebrit
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    • Post n°35

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    Post by Stevethebrit Fri 08 Dec 2017, 12:31 am

    Early1 wrote:
    weslin3 wrote:
    Screwball wrote:This could be say more are coming is the way I read it...

    That's how I take it.
    Slow and Easy Gang - worst thing would be - lower denoms come out and no immediate substantial change in value to the dollar.

    If that happens - in MY opinion - we are in for a long slow increase in value - too often , in this investment, have we taken or expected , - one move to be the trigger

    Double sets of books give them many options to proceed ,- with little value change on the street - When we can't buy the Dinar anymore - GET EXCITED !!!
    If there' a long slow increase like you say then that's a green light for every speculator and investor in the world to jump in because  this is a sure thing and you can' lose. It would be chaos.

    Right now there is a "Will they, won't they" scenario holding them at bay. That alone scares most speculators off except the brave.

    I believe there MAY possibly be a shake out rate but it will be high enough to tempt people to exchange. Otherwise, it' straight to Kuwait's rate and not another program rate  which is their goal to setup their economy to create parity with trading partners and investment groups.
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    Screwball
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    • Post n°36

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    Post by Screwball Fri 08 Dec 2017, 1:32 am

    Stevethebrit wrote:
    Early1 wrote:
    weslin3 wrote:
    Screwball wrote:This could be say more are coming is the way I read it...

    That's how I take it.
    Slow and Easy Gang - worst thing would be - lower denoms come out and no immediate substantial change in value to the dollar.

    If that happens - in MY opinion - we are in for a long slow increase in value - too often , in this investment, have we taken or expected , - one move to be the trigger

    Double sets of books give them many options to proceed ,- with little value change on the street - When we can't buy the Dinar anymore - GET EXCITED !!!
    If there' a long slow increase like you say then that's a green light for every speculator and investor in the world to jump in because  this is a sure thing and you can' lose. It would be chaos.

    Right now there is a "Will they, won't they" scenario holding them at bay. That alone scares most speculators off except the brave.

    I believe there MAY possibly be a shake out rate but it will be high enough to tempt people to exchange. Otherwise, it' straight to Kuwait's rate and not another program rate  which is their goal to setup their economy to create parity with trading partners and investment groups.
    Yep agree
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    wciappetta
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    • Post n°37

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    Post by wciappetta Fri 08 Dec 2017, 5:51 am

    Early1 wrote:
    mochasmom wrote:Duck said that would never happen, still trust what he said
    Mocha - I remember him saying that - 
    Here is my problem - if there has to be an immediate substantial change in value say an RV at $3.41    -  why on earth would you make the leed up to that so public and still let your currency be sold for a worthless value ?

    You see - to me - all these latest steps are far to public to support an RV at $3.41

    I think Duck is wrong.


    Besides some late comers who the hell is buying this currency? I've been sitting on my last purchase since 2006...I see this report as  purposely ambiguous though careful reading reveals expectations. It's almost like how the IMF burys market sensitive news. Causal readers have always missed the details as many here have also missed a key piece recently posted in the last 3 weeks...but that's all I'm saying about it...it's only in this forum by the way...happy sleuthing...


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    weslin3
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    • Post n°38

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    Post by weslin3 Fri 08 Dec 2017, 8:42 am

    wciappetta wrote:
    Early1 wrote:
    mochasmom wrote:Duck said that would never happen, still trust what he said
    Mocha - I remember him saying that - 
    Here is my problem - if there has to be an immediate substantial change in value say an RV at $3.41    -  why on earth would you make the leed up to that so public and still let your currency be sold for a worthless value ?

    You see - to me - all these latest steps are far to public to support an RV at $3.41

    I think Duck is wrong.


    Besides some late comers who the hell is buying this currency? I've been sitting on my last purchase since 2006...I see this report as  purposely ambiguous though careful reading reveals expectations. It's almost like how the IMF burys market sensitive news. Causal readers have always missed the details as many here have also missed a key piece recently posted in the last 3 weeks...but that's all I'm saying about it...it's only in this forum by the way...happy sleuthing...

    Thanks ward.. I haven't bought any more since then also. Told all the ones that I wanted to tell before then so totally agree not many buying other than new ones and Screwball. laugh
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    mochasmom
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    • Post n°39

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    Post by mochasmom Fri 08 Dec 2017, 8:52 am

    Oh come on Ward.guve us a hint..so much info daily..we could gave and must have missed it
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    noced71
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    • Post n°40

    The Central Bank strengthens banks in local currencies of small groups - Page 4 Empty Re: The Central Bank strengthens banks in local currencies of small groups

    Post by noced71 Fri 08 Dec 2017, 9:08 am

    mochasmom wrote:Oh come on Ward.guve us a hint..so much info daily..we could gave and must have missed it
    .....just... .great............I just read Ward's post.  And now, because of my OCD. I am all messed up. Time to change my avatar back to the evil clown.
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    • Post n°41

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