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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


5 posters

    Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar

    day dreamer
    day dreamer
    Interacting Investor
    Interacting Investor


    Posts : 3197
    Join date : 2012-12-19

    Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar Empty Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar

    Post by day dreamer Tue 03 Feb 2015, 9:09 pm

    Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar



    [ltr][You must be registered and logged in to see this image.]
     [/ltr]


     


    [ltr]03/02/2015 12:41[/ltr]


    [ltr] Tomorrow Press / Baghdad: The Cabinet will discuss at its meeting on Tuesday, the reasons for decline of the dinar against the dollar at the forefront of trading this week.


    A source familiar with the Council of Ministers for "tomorrow Press" that "the central bank was wary of the consequences of entering the parliamentary finance committee in the dinar exchange rate under the pretext of controlling the exchange rate and quantity," adding that "Parliament intervention in this matter is the thing suspicious somewhat , especially since Parliament tasks recede legislation, oversight and not draw a certain fiscal policy. "


     "The Council of Ministers did not put in his agenda a discussion topic cause of the falling dinar, but the central bank to intercept some of the materials and the terms of the federal budget bill for fiscal year 2015 paid to think to discuss the subject at today's meeting."

    The dinar exchange rate against the Iraqi dollar fell the past two days.



    [You must be registered and logged in to see this link.][/ltr]
    Neno
    Neno
    Admin
    Admin


    Posts : 10948
    Join date : 2012-12-17
    Age : 61
    Location : Lone Star State

    Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar Empty Re: Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar

    Post by Neno Tue 03 Feb 2015, 9:29 pm

    That's what I thought, 2nd paragraph proves to early and the CBI knew it....
    fonz1951
    fonz1951
    Interacting Investor
    Interacting Investor


    Posts : 2666
    Join date : 2012-12-19

    Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar Empty Re: Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar

    Post by fonz1951 Wed 04 Feb 2015, 6:55 am

    so, what now?
    Neno
    Neno
    Admin
    Admin


    Posts : 10948
    Join date : 2012-12-17
    Age : 61
    Location : Lone Star State

    Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar Empty Re: Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar

    Post by Neno Wed 04 Feb 2015, 7:12 am

    Wait on correct proceedures I presume. It was nothing official anyways, was just a street rate movement, cbi never flinched.
    noced71
    noced71
    Cain't Let Go Investor
    Cain't Let Go Investor


    Posts : 360
    Join date : 2012-12-19

    Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar Empty Re: Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar

    Post by noced71 Wed 04 Feb 2015, 7:28 am

    So, let me get this straight. "Someone/Someportion" of folks over there are aware something is going to happen. Was looking at another thread, and the sudden buying up of dollars (capitalization?) was an indicator of some movement? So the street rate start to flux?  Am I correct?
    Neno
    Neno
    Admin
    Admin


    Posts : 10948
    Join date : 2012-12-17
    Age : 61
    Location : Lone Star State

    Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar Empty Re: Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar

    Post by Neno Wed 04 Feb 2015, 9:04 am

    I am going to say yes kinda, the street rate does weird things and can move the CBI but, I do not believe the CBI will move until the CBI moves it. So in this case if the street movement stayed the way it was going, it would lose dearly as the CBI never flinched. So the street will correct rather quickly unless people are just fools. Now, if the street rate would go to the better, then it could forced the CBI to move but it is to early for that. The democracy is just coming together. Of coarse this is my opinion.
    CITEX
    CITEX
    Insane Investor
    Insane Investor


    Posts : 889
    Join date : 2012-12-20
    Age : 56
    Location : Grapevine Texas

    Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar Empty Re: Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar

    Post by CITEX Fri 06 Feb 2015, 1:45 pm

    Now, if the street rate would go to the better, then it could forced the CBI to move but it is to early for that. The democracy is just coming together. Of coarse this is my opinion.

    My Opinion exactly, I would also add that if folks thought or knew something the street rate would be rising, since folks would be hanging on to the dinar and not exchanging them. this should by all accounts raise the exchange rate.

    Sponsored content


    Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar Empty Re: Cabinet discusses the reasons for the low exchange rate of the dinar against the dollar

    Post by Sponsored content


      Current date/time is Fri 13 Dec 2024, 6:53 pm