Kaparoni - "As we Continue to Watch" - Dinar Alert News Discussion 3/14/18

by **Ssmith** Thu Mar 15, 2018 9:18 am

Dinar Alert

Kaperoni: Figures .. dollar exchange rate and the price of gold in Iraq on Monday 12/03/2018 09:32 Direction Press / Baghdad

Recorded dollar exchange rates, on Monday , a slight drop in the dinar against the local currency market " .

According to the figures in the "direction Press" the sale price of the dollar in Baghdad , recorded today 124 thousand and 500 dinars and the purchase price of 125 thousand dinars for $ percent, while yesterday scored 126 thousand 750 dinars and the purchase price of 125 thousand and 500 dinars for $ cent " .

In Basra Stock Exchange Saralabie Register today 122 thousand and 800 dinars, and the purchase price of 124 thousand and 750 dinars for $ cent and yesterday was 125 thousand and 950 dinars, and the purchase price of 123 thousand and 900 dinars for $ percent.

The sale of the dollar exchange rate in Arbil Register today 125 thousand and 250 dinars, the purchase price of 125 thousand and 200 dinars per dollar cent, while yesterday scored 125 thousand and 450 dinars, the purchase price of 125 thousand and 400 dinars for $ percent .

That fell to the price of Iraqi gold, on Monday, to 222 000 dinars per weight .

The price of gold from the weight of 21 - carat, today 221 thousand and 500 dinars, while yesterday 's record 221 thousand also .

It is noteworthy that the weight of one gold equals 5 grams " .

http://aletejahtv.org/permalink/208567.html

Sweetpea: 1228 ?

Mike: Bagdad-1250 Basra-1247 Arbil-1252

From these figures we can see the dollar is more available in Basra and not so much in Erbil.

Mcduff82: The exchange of the US dollar against the Iraq dinar fell on the stock market and domestic markets on Wednesday march 14

kifah stock exchange Baghdad 121.500. while the price on Tuesday was 1200 selling and buying price in banking.

The sale price of the dollar=122.000 dinars
The purchase price of the dollar = 121.000 dinars

Punisher: while the price on Tuesday was 1200 selling and buying price in banking.
The sale price of the dollar=122.000 dinars the purchase price of the dollar = 121.000 dinars

Mike: Thanks Mcduff82. It's a head scratcher for sure, Kifah Stock Exchange has the spread at 1220 while others have it as much as 30 dinars more. Bottom line, we need it at 1205 or lower. For 90 days.

Punisher: He said: " The official price target of $ is 1200 Dnyar for each one dollar , " pointing out that " the gap in the exchange market in the presence of a fixed price adopted by the central is contained in many economies , a change is acceptable.

http://dinaralert.webs.com/apps/forums/topics/show/13472620-the-high-value-of-the-dinar-enhances-international-confidence-in-the-iraqi-economy

Mike: The acceptable change is to get off the peg, unify the spread and official rate and move to Article VIII, that's what modern economies do when they want to engage the world an the open market economy.

Iraq's economists are looking at this from an intellectual standpoint, there hasn't been a true open market economy in Iraq in decades. Quit the socialist, centralized approach and engage the free, open market economies.

Mcduff82: Mike I wonder why there is such a disparity in the rates ,from different markets within Iraq

johnbob1: mike is it 1205 or 1213 like kap said there is so many numbers that are thrown around its hard to keep up with

Invinrv: I've been watching several different sites the past couple of weeks, and there is so much variation between them, that it's really hard to know which sets of numbers are correct and which ones are not, or which ones someone wants to believe, and not believe. They really are all over the place. Very different from what we were seeing on the original CBI site several months/a year ago. IMO

Mike: Mcduff82, the only thing I can think of is the geography of the country and how it impacts the availability of the dollar. For me, it makes sense that Baghdad and Basra would have high rates because there's more bidding and desire for the dollar.

We know Erbil is in a jam, they've been cut off from most access to the dollar so that would drive the price up as well. But then you throw in the Kifah Exchange, which I believe is in Baghdad, and it messes up the weak theory that I outlined above. Like I said, it's a head scratcher for sure.

Johnbob1, for sure, I think Kap's numbers are as accurate as anyone else's, none of it makes sense. The question I have is, why did the CBI stop publishing the official spread rates? Iraq is convoluted enough without pouring fuel on the fire.

Again, bottom line, we need the rate to get lower and hold for a minimum of 90 days to satisfy the minimum requirements of Article VIII, the rest is just stuff to wonder about.

Punisher: Mike you asked why did the CBI stop posting the numbers? Imagemaker said it best when he stated Iraq tells us what they want us to know, plain and simple.

Mike: Corruption and abject political and economic failure is why Iraq quit posting the numbers. Transparency is the foundation for a democracy; hedgemony, silence and secrets aren't.

Aloha Alex: Mike, were you talking about Iraq or the US? Laughing

Mike: lol, as I was typing that I just knew someone would bring up the US, good stuff AA.

I think comparing the US to Iraq is pretty easy, it's obvious where the differences are. Let's try to stay on the topic of the spread, we'll keep US politics out of it for now. Smile

Justwaiting: My 2 ¢ ~ It appears (to me) the figures we are looking at are stock exchange figures ~ trading of the dinar, (like forex) . Are those close to the real 'street' prices ???

I am beginning to wonder ~ not trying to diminish anything, but ~~ getting cornfuzzled as to such input??? I am NOT trying to start anything, just understand a bit better (if I can LOL)

Mcduff82: Thank you Mike

Punisher: mike , As we continue to watch in the coming days....

http://dinaralert.webs.com/apps/forums/topics/show/13473218-decline-in-the-dollar-exchange-rate-in-local-markets?page=last

http://dinaralert.webs.com/apps/forums/topics/show/13472906-figures-dollar-exchange-rate-and-the-price-of-gold-in-iraq-on-monday