• Announcements

    • Adam Montana

      NEW LOGIN PROCEDURE   03/18/2016

      As you can see, the site has gone through a few changes! One major change is how you login - your "username" is now your displayname. Please keep that in mind when logging in.
yota691

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

226 posts in this topic

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

 

 

 

126.jpg

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
10

Share this post


Link to post
Share on other sites
Many will think this is talking about an rv.... Sadly.
-12

Share this post


Link to post
Share on other sites

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

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

Edited by yota691
7

Share this post


Link to post
Share on other sites

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

0

Share this post


Link to post
Share on other sites
This member of the parliamentary committee must not have read the memo that any announcements should come from the CBI.
1

Share this post


Link to post
Share on other sites

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: 

17

Share this post


Link to post
Share on other sites
Good post yota, Now how many times have we herd this line of B/S befor lol. More talk no action .
0

Share this post


Link to post
Share on other sites

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

1

Share this post


Link to post
Share on other sites

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/documents/exchange_rates_chart..jpg
-12

Share this post


Link to post
Share on other sites

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


Next June means this June. Weird but true.
6

Share this post


Link to post
Share on other sites
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
-2

Share this post


Link to post
Share on other sites

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/forums/index.php?/topic/149671-central-bank-a-plan-to-raise-the-exchange-rate-of-the-iraqi-dinar/#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/forums/index.php?/topic/149671-central-bank-a-plan-to-raise-the-exchange-rate-of-the-iraqi-dinar/#ixzz2UJQQ51gj

Edited by dontlop
4

Share this post


Link to post
Share on other sites

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

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

2

Share this post


Link to post
Share on other sites
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?!?!
1

Share this post


Link to post
Share on other sites

Unfortunately they are talking about their problem with the dinar vs the dollar within the confines of their country, not the 1166 rate.  The 1166 is what we want to see rise.

2

Share this post


Link to post
Share on other sites

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

Next june is this next June.  When speaking Arab, when they say, "next", it means like the, "one", that is coming.  "Soon", in Arab means they will do it but doesn't mean the same as we mean it.

2

Share this post


Link to post
Share on other sites
What I don't get is how do you raise the market rate? Isn't the market rate based on what people are willing to pay for it? So how do you get people to WANT to carry the dinar without raising the official value of it?
Sorry if that's a dumb question, but I don't get it.
1

Share this post


Link to post
Share on other sites

He added that "the central bank works to reduce the number of companies that deal with it

Read more: http://dinarvets.com/forums/index.php?/topic/149671-central-bank-a-plan-to-raise-the-exchange-rate-of-the-iraqi-dinar/#ixzz2UJYJRa00

  sounds like some kinds of regulations coming  ..maybe only importers can use  dollars .. or maybe  everyone will be forced to use the dinar in the local markets ... and businesses that do import will be the only ones allowed to  buy dollars .. i hope they finally take control of their local currency and markets ..not that it would change anything . but it would keep the dinar from falling  like it has .. it would only get stronger with more demand ..

Edited by dontlop
0

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.