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Decline in the Iraqi currency raises concerns and the Central Bank says that the issue of temporary


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#21 yota691

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Posted 16 February 2012 - 11:53 AM

Maichea a method of undermining trust within a single cluster

about-iraq.com
Security sources and banking in Maysan denies the existence of the phenomenon of selling hard currency to the Iranian businessmen

Denied, security sources and banking in the province of Maysan, and the phenomenon of selling hard currency to businessmen Iranian port on the gray border, according to reports by some media.
Security sources indicate that he did not have any such case except for some cases involving fraud of some categories of the Iraqi currency. It added that the amount allowed was pulled from Iraq is not more than ten thousand dollars are not allowed to bring the more. So most of the managers said banking offices in the province ofMaysan, the lack of demand on the U.S. dollar by the citizens except for some cases that require purchase of the dollar or the Iranian currency for the purposes oftreatment outside of Iraq and the like. They noted that most customers prefer the Iraqi currency on the foreign, as saying. The media talked about the introduction of forged Iraqi currency from Iran to replace the dollar, and dollar smuggling to Syria

http://about-iraq.com/about-iraq-banking-system/

Mass citizen: no truth to the existence of new alliances and alignments and Maichea a method of undermining trust within a single clusterNEWS LITE January 22, 2012 Comments Off
MP denied on the mass of citizens Qasim al-Araji said there will be alliances Awastafavat new Iraqi political arena aimed at changing the current government or a majority government policy. “
Araji said today that the rumors of the existence of alliances and alignments for the purpose of switching or form a new government or early elections is a method of trying to destabilize the internal affairs of the political blocs and create a state of crisis of confidence between the cluster one by launching such a permit. “And the MP for the block citizens that “the National Alliance cohesive than ever before and continues in its meetings to discuss the political situation of the country and develop solutions to the problems witnessed in the political arena.” revealed al-Araji, “The National Alliance will hold an important meeting next Monday will be discussing the current political situation of the country and the necessary steps that will be taken in the next phase. “The MP for the coalition and the Iraqi List, Jumaili unit has confirmed the existence of a new political alignments stems from fear and Alkhifah of the approach taken by the government of Maliki in power and uniqueness of one-party control.” She told all of Iraq [where] the day that there are alignments many new with the Iraqi List, on the grounds that the Iraqi List is not only dealing with the approach to the Maliki government, but there is apprehension and a fear of all the political blocs, including the Kurdistan Alliance and the blocks Almnzawah of the National Alliance [Council supreme and independent, the Sadrists and the Badr Organization

http://about-iraq.com/mass-citizen-no-truth-to-the-existence-of-new-alliances-and-alignments-and-maichea-a-method-of-undermining-trust-within-a-single-cluster/

Edited by yota691, 16 February 2012 - 11:55 AM.

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#22 zigmeister

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Posted 16 February 2012 - 01:10 PM

AH HA! Now we know.
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#23 unirod

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Posted 16 February 2012 - 01:34 PM

With Master yota's guidance, Zig Strykes again!!!! Thanks guy's and lets keep rolling on this breakdown :)
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#24 Stryker365

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Posted 16 February 2012 - 07:16 PM

JustNTime here is Part II...

This reads to say the auctions are different now that the One Window System is being used, "We intervene in the market of foreign currency through the window of sale of foreign currency, which was called the auction of foreign currency earlier." So is what we see now on the CBI a real auction or a window transaction, I don’t think they operate the same. The window is a transaction not an auction, interesting. Now I could be wrong so I am going to research the Window System again but if someone knows please file us in on this.

See the World Back ask them to change these back after the WB & IMF Report was presented at the meeting with Dr. Shabibi in Washington DC back I think in November if I remember right…A new system to combat money laundering that is, this makes me wonder if they are using this as an excuse, the Iran & Syria problem that is.

I think they could have stopped the auction thinking that they were ready to make change in the rate and something came up, they couldn’t get it done. The Window is going on but they are showing it to look like an auction. This part is me thing that if there is very little IQD in Iraq and all the countries are wanting the USD, Iran and Syria’s currency is dropping like a rock the Iraqi’s thank their currency is dropping along with theirs and they have zero faith in the IQD it goes up over 2200 to 1 dollar, the economist start telling this to the media as we have read. Fingers are now pointing straight at the CBI that they have waited to long to make the change thus the articles that have stated that fact. Folks I really believe it is got to take place as they say, soon.



Back to the article; you know I have read this next part ten times, it is the most confusing crap I have ever read, No wonder these Iraq’s fight all the time they talk themselves into confusion which leads to insults. OK I think it is talking about how it works and the problems they had at first with the new window system which cause the rate to fall. He said bank adviser said, "This window provoke intervention down the exchange rate, but the result after our involvement in the sale to go the money in the foreign trade and the private sector who provide themselves with foreign currency from this window ",

They are having a lot of confusion over these justifying this intervention is for" the purpose of stabilizing the exchange rate of Iraqi dinar and the equation of the Iraqi dinar dollar down. "

I really think the rest of this is just to calm down the citizens and their fear that their currency is still strong and not to look at what these other countries are doing. and pointed out that "not to restrict the Central Bank of sales because of the freedom of foreign exchange preserved under the policies adopted by the Central Bank except for officer one is checking money laundering only led to the existence of transactions on the foreign exchange may hide behind economic crimes but our goal make it clear that the banking system embracing of money contaminated where we once in a while to develop instructions for the subject that will ensure the safety of the national economy from any negative impact, especially economic security of Iraq. " and noted the benefit that "some currency traders took advantage of the last period, Imagine that the center of the Central does not have the money he has lost the ability to control the purchase of the currency they started to step up the exchange rate, this speculation and clear to citizens and damaging the same time." and added that "the central bank is the force financial Strike can precautions Finance in Iraq and that more than sixty billion dollars, have the ability to absorb these requests as much as twenty times, "calling citizens all to" trust because it is just a matter of temporary and that the Iraqi economy is strong and the Central Bank is strong and foreign currency available and this is just the maneuvers of a market that are driven and beyond.



See here they are explaining what Iraqi’s were doing because of the conditions and what measures the CBI did.." This called for citizens all to "buy foreign currency according to the new conditions and assets the new education which include the payment of a certified check for each transaction to see Iraqi customer and the people economists who serve the country properly." For his part, member of the Economic Commission parliamentary deputy of the Virtue Hussein Almrobei what the central bank adviser said that



Man I really not sure what this part means but whatever it is they do not think the CBI was doing their job.. "the cause of the high price of the dollar against the Iraqi dinar, is to take the central bank procedures and new regulations for the circulation of foreign currency and the impact on the lack of pumping," noting that "the central bank was not working these controls previously What is the effect on the price of foreign currency . " and added that "the procedures followed by the central bank came at the wrong time and was supposed by the media the Economic Committee in the House the details of the procedures for discussion and knowledge of their impact on the economic situation in the country," he said

OK my wife has dinner ready so yota's part is next. Part III to follow...

I hope this all helps because this one folks was long......Posted Image
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#25 Carrello

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Posted 16 February 2012 - 07:43 PM

Great break down Stryker +1, and Zig +1
Thanks for your time and input

Cant wait till part II


Yota, Zig, Stryker, thank you boyz! B) You are all the cat's pajamas. Meow!

Edited by Carrello, 16 February 2012 - 07:47 PM.

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#26 Jeorge

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Posted 16 February 2012 - 10:55 PM

Stryker that made my head hurt
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#27 JustNTime

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Posted 16 February 2012 - 11:31 PM

Yota, Zig, Stryker, thank you boyz! B) You are all the cat's pajamas. Meow!




I agree Carrello!

That is why I like reading and bringing articles here.
Educated, grounded analogies! Posted Image +1's all around



Stryker365 Posted Image


This reads to say the auctions are different now that the One Window System is being used, "We intervene in the market of foreign currency through the window of sale of foreign currency, which was called the auction of foreign currency earlier." So is what we see now on the CBI a real auction or a window transaction, I don’t think they operate the same. The window is a transaction not an auction, interesting. Now I could be wrong so I am going to research the Window System again but if someone knows please file us in on this.

See the World Back ask them to change these back after the WB & IMF Report was presented at the meeting with Dr. Shabibi in Washington DC back I think in November if I remember right…A new system to combat money laundering that is, this makes me wonder if they are using this as an excuse, the Iran & Syria problem that is.

I think they could have stopped the auction thinking that they were ready to make change in the rate and something came up, they couldn’t get it done. The Window is going on but they are showing it to look like an auction. This part is me thing that if there is very little IQD in Iraq and all the countries are wanting the USD, Iran and Syria’s currency is dropping like a rock the Iraqi’s thank their currency is dropping along with theirs and they have zero faith in the IQD it goes up over 2200 to 1 dollar, the economist start telling this to the media as we have read. Fingers are now pointing straight at the CBI that they have waited to long to make the change thus the articles that have stated that fact. Folks I really believe it is got to take place as they say, soon.



Stryker, your input is astounding on this.

You piece this puzzle together so elementary for all of us DV students. Posted Image

waiting on Part III


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#28 Maggie123

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Posted 17 February 2012 - 12:10 AM

With Master yota's guidance, Zig Strykes again!!!! Thanks guy's and lets keep rolling on this breakdown Posted Image



I Salute You Guys For All That You Do For Us. Posted Image Thank You!

You Too Carrello, I appreciate your input everyday... so hats off to you too.

I love all the positive news coming out and being able to confirm it's importance with all of you!
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#29 JustNTime

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Posted 17 February 2012 - 08:15 AM

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