Latest topics
Frank26 is claiming that they are moving from the RI to the RV...this is started...it is public...
4 posters
Page 1 of 1
Frank26 is claiming that they are moving from the RI to the RV...this is started...it is public...
Frank26
One thing the IMF told the CBI in order to be in compliance with Article 8 you must be 2% of your CBI rate within the market rate...commonly known as the street rate...so they brought the rate down...they brought the street rate down to make it Article 8 complaint with a 2% movement….look at 1166 what is 2%...23.32...add that to 1166...it comes out to 1189.32...what is the rate that the CBI put out today...1180 to 1182 up to 1214...1214 is the street value...1189 is the 2% compliance...they are moving from the RI to the RV...this is started...it is public...
...yesterday they decreased the street rate of 1214 to match within a 2% which is in Article 8 compliance...they are out of Article 8 but the rate must make it official before they tell you...
The IMF who tells all countries what to do with their currency..print, destroy...increase their rate, decrease...this I think is the last demand they had on the Iraqi currency...you have to be within 2% compliance of that street rate...we will help you but you have to be ready by the first quarter 2016 otherwise it does not work.
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Frank26 is claiming that they are moving from the RI to the RV...this is started...it is public...
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZz-
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Re: Frank26 is claiming that they are moving from the RI to the RV...this is started...it is public...
Wow, what a freakin idiot! They don't "set" the stinkin street rate! Lol!
The "street rate" is technically not even controlled by Iraqi officials, they can take steps to control factors that influence the street rate but they have no official control of it! For instance a few months ago when the street rate was climbing above 1300 to 1 they just about went into a panic, they couldn't just "set" it lower so they took drastic measures such as reducing the auction amounts and other tighter controls on the money, it took weeks to get the rate back down close to the official exchange rate and stabilized there! If Iraq had a way to just arbitrarily determine the street rate it would have been the same, or at least very close, to the official rate long ago and would not change!
Where do these idiots get this nonsense????
The "street rate" is technically not even controlled by Iraqi officials, they can take steps to control factors that influence the street rate but they have no official control of it! For instance a few months ago when the street rate was climbing above 1300 to 1 they just about went into a panic, they couldn't just "set" it lower so they took drastic measures such as reducing the auction amounts and other tighter controls on the money, it took weeks to get the rate back down close to the official exchange rate and stabilized there! If Iraq had a way to just arbitrarily determine the street rate it would have been the same, or at least very close, to the official rate long ago and would not change!
Where do these idiots get this nonsense????
Last edited by dwm007 on Thu Dec 03, 2015 5:36 pm; edited 1 time in total
dwm007- VIP Member
- Posts : 828
Join date : 2015-08-05
Re: Frank26 is claiming that they are moving from the RI to the RV...this is started...it is public...
Where do these idiots get this nonsense????
Idiots-R-Us
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Wed Mar 27, 2024 6:02 am by Ditartyn
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Mar 23, 2024 9:25 am by swizzlestick
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash