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Central bank: a plan to raise the exchange rate of the Iraqi dinar


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#1 yota691

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Posted 25 May 2013 - 06:38 AM

Central bank: a plan to raise the exchange rate of the Iraqi dinar

Created on Saturday, 25 May 2013 11:59 | printButton.png|emailButton.png

 

 

 

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Baghdad / Orr News

A member of the parliamentary Finance Committee that the central bank told us that he will implement a new plan to raise the value of the Iraqi dinar exchange either the U.S. dollar.

A member of the Committee Faleh Djiashi, that "the central bank told the parliamentary Finance Committee that an action plan will begin to apply early next June, would be enough to raise the exchange rate of the Iraqi dinar against the U.S. dollar."

He added that "the central bank works to reduce the number of companies that deal with it and put the money in the auction which will lead to a reduction in the value of the dollar and reliance on monetary policy open without complicated procedures and controls and a wide open field in front of the government banks."

The Finance Committee has announced the formation of a small committee composed of three deputies to monitor Srvaldanar of Iraq against the dollar, stressing that the practical measures undertaken by the central bank last week led to address the problem gradually. The parliament may ضيفت week current governor of the Central Bank and the Agency Abdul Basit Turki and discussed with him the reasons for the high price of the dollar against the dinar.


Edited by yota691, 25 May 2013 - 06:47 AM.

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#2 fib1618

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Posted 25 May 2013 - 06:46 AM

Many will think this is talking about an rv.... Sadly.
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#3 yota691

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Posted 25 May 2013 - 06:48 AM

Many will think this is talking about an rv.... Sadly.

It says EXCHANGE..... :blink:... But its getting interesting..


Edited by yota691, 25 May 2013 - 06:53 AM.

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#4 jaman

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Posted 25 May 2013 - 06:50 AM

morning Yota the only word that's missing is SOON...lol


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#5 sandfly

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Posted 25 May 2013 - 06:53 AM

THANKS


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#6 easyrider

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Posted 25 May 2013 - 06:54 AM

thanks for the post Yota :)


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#7 magawatt

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Posted 25 May 2013 - 06:54 AM

This member of the parliamentary committee must not have read the memo that any announcements should come from the CBI.
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#8 fib1618

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Posted 25 May 2013 - 07:00 AM

Market rate
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#9 Bunk

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Posted 25 May 2013 - 07:02 AM

:soon:  :shrug:


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#10 fib1618

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Posted 25 May 2013 - 07:05 AM

Market rate.
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#11 yota691

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Posted 25 May 2013 - 07:11 AM

Market rate.

And you don't think, it will have an effect on Value..cause if you don't, then you don't understand what actually is going on.... :lol: 


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#12 Biker

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Posted 25 May 2013 - 07:14 AM

Good post yota, Now how many times have we herd this line of B/S befor lol. More talk no action .
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#13 JMULS31

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Posted 25 May 2013 - 07:19 AM

It says "Next June".. that would mean 2014, no?


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#14 vomer

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Posted 25 May 2013 - 07:22 AM

Like we said in the '70s: ... soliiiiiiiiiiiiiid.


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#15 fib1618

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Posted 25 May 2013 - 07:30 AM

And you don't think, it will have an effect on Value..cause if you don't, then you don't understand what actually is going on.... :lol:


I'm not going to try to explain it to you cause this has been covered so many times before. YOU haven't been paying attention. Market rate.

http://www.cbi.iq/do...ates_chart..jpg
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#16 Neapolitan

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Posted 25 May 2013 - 07:30 AM

It says "Next June".. that would mean 2014, no?


Next June means this June. Weird but true.
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#17 fib1618

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Posted 25 May 2013 - 07:48 AM

No one will be "cashing in" in June.... . They are not talking about an rv. That chart I posted shows you the problem. They are taking steps to fix it.

Edited by Markinsa, 25 May 2013 - 09:03 AM.

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#18 dontlop

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Posted 25 May 2013 - 07:52 AM

Market rate

what was the market rate for the kuwait dinar diring the  iraq invasion ?

 

market rate is not an official guarantee by the central bank ...

 

the  kuwait govt  shut down its international exchange , they no longer guarenteed its rates at all ,, the market rate was in single digits .. a year later  it was over 3 bucks

 

kuwait wasnt under chapter 7 .. and its  full govt returned ..

 

iraq had to re-establish a completely new govt and financial system .

 

 

 

 

the cbi official rate of the iraqi dinar is still 1166 ..

 

the central bank told us that he will implement a new plan to raise the value of the Iraqi dinar exchange either the U.S. dollar.

Read more: http://dinarvets.com.../#ixzz2UJP6HX24

 do you think this means the central bank is going to raise the market exchange rate..

 

it might mean that .. but  its not explicitly saying  that  is what they are doing .. its very vague .



why wait till june .. ?

 

 "the central bank told the parliamentary Finance Committee that an action plan will begin to apply early next June, would be enough to raise the exchange rate of the Iraqi dinar against the U.S. dollar."

Read more: http://dinarvets.com.../#ixzz2UJQQ51gj


Edited by dontlop, 25 May 2013 - 07:54 AM.

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#19 jg1

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Posted 25 May 2013 - 08:01 AM

Like we said in the '70s: ... soliiiiiiiiiiiiiid.

When it says next june, that means this june, realy. It does. 


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#20 staunch

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Posted 25 May 2013 - 08:10 AM

What's sad is, like we all know..... they aren't going to announce a RV. Hopefully this is a precursor to it though, like a test run or something?!?!
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