Thanks My Ladies for sending this to us today:
CENTRAL BANK TO RAISE THE PRICE OF THE DINAR AGAINST THE DOLLAR!!
MY LADIES: WOW!!! HOW EXCITING IS THAT HEADLINE?? THE END MUST BE NEAR, THE RIDE MUST BE CLOSE TO OVER.
THIS IS WHAT YOU ARE BEING LED TO BELIEVE AND THIS ARTICLE IS GETTING SO MUCH TRACTION IN THE DINAR ROOMS. BUT PLEASE BE VERY CAREFUL BECAUSE WE HAVE SEEN THIS BEFORE OVER AND OVER AGAIN AT LEAST ONCE A YEAR FOR THE LAST 5 YEARS.
FOR THOSE OF YOU THAT HAVE BEEN HERE FOR YEARS THIS HEADLINE SHOULD BE ROLLING OFF YOUR BACK LIKE WATER ON A DUCK.
FOR THOSE THAT ARE NEWLY IN HERE PLEASE DO NOT BUY THESE WOLF TICKETS. PLEASE DO NOT BUY CURRENCY, PLEASE DO NOT CREEP TO THE EDGE OF YOUR SEAT PLEASE DO NOT QUIT YOUR JOB IN THE EXPECTATION OF BEING A ZILLIONAIRE BECAUSE THIS ARTICLE IS NOT AT ALL WHAT IT SEEMS.
THIS WAS POSTED IN MY ROOM LAST NIGHT AND HERE IS MY RESPONSE
[10/23/2016 7:02:52 PM | Edited 7:11:26 PM] Txxx B: A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal source in a press statement singled out by all the news that the central bank decided to raise the value of the Iraqi dinar against the US dollar by financial mechanisms fall in its policies for indicating that these mechanisms are subject to the principle of supply and demand in the domestic market. The source , who preferred not to be named , said the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar.
[10/23/2016 7:18:42 PM] MY LADIES: YES AND IT WILL RAISE SIGNIFICANTLY
WHAT THE GURUS FAIL TO UNDERSTAND IS THAT RIGHT NOW THE BLACK MARKET IS AT 1300+ SO THEY WILL LIFT THE RATE TO CLOSE THAT GAP BT IT WILL STILL NEVER SEE THE POSITIVE SIDE OF A DOLLAR.....
ALSO WE WENT OVER THIS IN THE BEGINNING OF THE YEAR WITH THIS SITE. IT IS SOME SORT OF OPINION PIECE OF WHAT THEY THINK SHOULD BE DONE.
NOW THIS MORNING WE SEE WALKINGSTICK OF KTFA BEING THE VOICE OF REASON AND SAYING THE SAME THING AND POSTED HERE ON RECAPS
Walkingstick: My case and point, the article does not state a specific (adjustment) Hovering around 1300 in the domestic market, if.. through a series of measures, they were able to close the gap (Official / Market rate).. That in itself would be a considerable increase. It may not seem like much of an increase to us, but to the Iraqi.. (To whom the article speaks) It would be significant... Either way, this article was also tied to the lifting of Chapter VII
Unknown, myself.... I have yet to see an article/s... confirming. I do know, any such movement... likely, through an adjustment coupled with a series of PIPS .. That information, will come... directly from, the CBI... Myself, I continue to search.
I HAVE POSTED SO MANY ARTICLES EXPLAINING HOW EXCHANGE RATES WORK AND THEY DO NOT WORK LIKE SOME PEOPLE IN HERE THINK.
THE DINAR IS TIED TO THE DOLLAR IN WHAT IS CALLED A STABILIZED EXCHANGE RATE. IT CAN NOT MOVE LIKE THE FOLKS IN THESE ROOMS ARE TRYING TO CONVINCE YOU IT CAN.
FOR THOSE OF YOU THAT DON’T REMEMBER HERE IS A REFRESHER COURSE OF HOW PEGS WORK.
YOU NEED TO UNDERSTAND THERE IS A GAP BETWEEN THE OFFICIAL EXCHANGE RATE OF THE DINAR WHICH IS 1182 AND THE BLACK MARKET RATE WHICH IS 1300+ DINAR TO THE DOLLAR.
NOW IF IRAQ DOES WHAT IT NEEDS TO DO TO CLOSE THAT GAP THAT WILL BE RAISING THE “PRICE” DINAR AGAINST THE DOLLAR WHICH WILL MAKE THE OFFICIAL RATE CLOSER TO THE 1300 BLACK MARKET RATE.
DO YOU UNDERSTAND WHAT THAT MEANS? THAT MEANS THE EXCHANGE RATE IS GOING IN THE OPPOSITE DIRECTION OF ANYONE HOPING TO MAKE A PROFIT.
THE FOLKS THAT HAVE BEEN IN THIS LONG ENOUGH KNOW EXACTLY WHAT THAT MEANS WHEN THE CENTRAL SAYS THEY WILL RAISE THE “PRICE” OF THE DINAR AGAINST THE DOLLAR.
RAISE THE PRICE….RAISE THE PRICE…THAT MEANS IT IS A BUY/SELL TRANSACTION NOT A BID/ASK TRANSACTION, THAT MEANS IT IS NOT INTERNATIONAL LANGUAGE AND THAT MEANS JUST THAT THE PRICE TO BUY DINAR WILL BE NOW BE RAISED.
PLEASE STOP JUMPING AT EVERY LITTLE THING THIS IS NOT LANGUAGE OF AN RV…AND WHILE WE ARE ON THE SUBJECT PLEASE STOP USING THIS ACRONYM ‘RV” IT DOES NOT EXIST IN FINANCIAL LANGUAGE ANYWHERE. RV AND GCR ARE TERMS THAT HAVE BEEN COINED IN DINAR LAND ONLY!
IF YOU TAKE THE TIME TO STEP OUT AND LOOK AROUND THE WORLD YOU WILL SEE MANY ECONOMIES TRYING TO CLOSE THE GAPS IN THEIR CURRENCY MARKETS.
IRAN HAS A HUGE GAP AND THEY ARE GOING TO COME TO ONE PRICE IN 2017 DOES THAT MEAN THEY WILL REPRICE AND MAKE YOU A GAZILLIONAIRE???
NO NO NO IT DOES NOT. IT MEANS THAT THEY ARE GOING TO GET RID OF THE BLACK MARKET GAP. SO PLEASE STOP BUYING IRANIAN RIAL IT WAS NEVER 3+ DOLLARS EVER IN IT’S EXISTENCE HERE HAVE A LOOK FOR YOURSELF.
I GIVE YOU MY WORD THAT THE DINAR IS NOT GOING TO REPRICE ANYTIME SOON AND THAT THIS ARTICLE THAT IS CIRCULATING IS THE EQUIVALENT TO OUR NATIONAL ENQUIRER.
I KNOW I’M ALWAYS BRINGING THE BAD NEWS…I’M ALWAYS RUINING THE HIGH FOR EVERYONE…BUT FOLKS SOMEONE HAS TO TRY TO KEEP YOU GROUNDED.
TO MANY FOLKS GET SUCKED IN AND START ACTING IRRESPONSIBLY AND BUYING CURRENCY AND THEY SUFFER BUYERS REMORSE WHEN THE ELECTRIC COMPANY COMES AND CUTS OFF YOUR LIGHTS BECAUSE YOU USED THE BILL MONEY TO BUY DINAR THAT WAS GOING TO MAKE YOU RICH….
JUST STOP PLEASE AND BREATHE.
PLEASE STAY INFORMED AND STAY OUT OF THE WEEDS OUT THERE AND JUST SAY NO TO THE HYPE. #STOPTHEHYPE!
LOVE TO ALL…MY LADIES.