_BONDLADY CONFIRMATION what she said earlier is correct! Today at 3:55 pm
Sent to me by bondlady, THIS IS HUGE!!!
Azzaman, January 2, 2012
The Central Bank says it will not allow the Iraqi dinar to depreciate and has been selling hundreds of millions of dollars to keep the currency stable.
The Iraqi dinar weakened in December last year, prompting the bank to sell dollars in a bid to withdraw cash from Iraqi markets.
The bank did not say what brought the dinar to plummet to lows it had not seen for years, but officials privately say the plunge might have been due to political uncertainty in the region.
Mudher Saleh, Central Bank’s deputy governor, has said there were no sound economic reasons for the currency’s weakening.
The bank coffers are said to be brimming with hard cash from oil sales.
Read More Link on Right
_Saleh said the bank would not let the dinar fall and in one day in December last year it sold $200 million on the open market to squeeze liquidity.
“We withdrew in one single day about one quarter of a trillion dinars, thereby brining stability to the currency,” Saleh said.
One reason for the dinar’s fall, according to Saleh, might be the economic difficulties Iraq’s neighbors are facing, particularly Syria and Iran.
He said Iraqi traders and industrialists have turned into middlemen for these countries, the thing which has led to a substantial growth in demand for hard currency.
HER IM TO HER ADMINS:
[BondLady] gh u see that art dn showed eddie posted
[BondLady] i was freakin right about the auctions
[BondLady] fricken awsome
[BondLady] prompting the bank to sell dollars in a bid to withdraw cash from Iraqi markets.
[grashopa] and I just said that about you........
[BondLady] to withdraw cash (iqd) from iraqi markets
[grashopa] your freekin awesome..............
[BondLady] ty so much this is huge
[BondLady] i knew we would know soon if i was right
[BondLady] nothing if i wasnt [BondLady] but i was [BondLady] shabs tricked the people to make them let go the 000
[BondLady] he had to was no other way an without that would be no rv
[grashopa] .......they are usually about 24 - 48 hrs behind you.........
[BondLady] freakin huge im so glad [BondLady] that made my day
[grashopa] can I post this convo?
[BondLady] now i gotta finish this work i looked in just in time to see dn spam that an i was like whatttttttttttttt
[BondLady] yes u can [grashopa] YOU ROCK
[BondLady] i am so happy we got confirmation of my chat
[BondLady] freakin awsome
[BondLady] it had to happen to dry up the iqd on the street or we wouldnt see a rv at all any time soon [grashopa] BL BATS 1000............ LOL3
[BondLady] i dunno when itll happen but we did fig shabs strategic plan out long before any 1 else did we smoked this 1 yeahhhhhhhhhhhhhhhhhhhhh
[BondLady] im so happy about this, most times im pretty sure bout ev thing i post but this i wasnt 100% about and thankfully great news hounds that we have just confirmed it yeahhhhhhhhhhhhhh!!!!!!!! [BondLady]
[BondLady] ok bk to work keep spammin that too thru out the day this is so huge
[grashopa] ....RIGHT ON....
[BondLady] u can show them all what i had said
[grashopa] ..I will ....if you stop typin...
[BondLady] sry im done
THE LINK TO HER CHAT RE: THIS -- http://www.dinarrecaps.com/1/post/2011/12/bondladys-afternoon-chat-12272011-posted-by-dogsnova-at-blc.html