yota691 Posted May 25, 2013 Report Share Posted May 25, 2013 (edited) Central bank: a plan to raise the exchange rate of the Iraqi dinar Created on Saturday, 25 May 2013 11:59 | | 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. From the CBI announcement...Companies to broker the sale and purchase of foreign currencies (final accounts) 22/02/2013 Edited May 25, 2013 by yota691 10 Link to comment Share on other sites More sharing options...
fib1618 Posted May 25, 2013 Report Share Posted May 25, 2013 Many will think this is talking about an rv.... Sadly. 7 19 Link to comment Share on other sites More sharing options...
yota691 Posted May 25, 2013 Author Report Share Posted May 25, 2013 (edited) Many will think this is talking about an rv.... Sadly. It says EXCHANGE..... ... But its getting interesting.. Edited May 25, 2013 by yota691 7 Link to comment Share on other sites More sharing options...
jaman Posted May 25, 2013 Report Share Posted May 25, 2013 morning Yota the only word that's missing is SOON...lol Link to comment Share on other sites More sharing options...
sandfly Posted May 25, 2013 Report Share Posted May 25, 2013 THANKS 1 1 Link to comment Share on other sites More sharing options...
easyrider Posted May 25, 2013 Report Share Posted May 25, 2013 thanks for the post Yota 1 Link to comment Share on other sites More sharing options...
magawatt Posted May 25, 2013 Report Share Posted May 25, 2013 This member of the parliamentary committee must not have read the memo that any announcements should come from the CBI. 1 Link to comment Share on other sites More sharing options...
fib1618 Posted May 25, 2013 Report Share Posted May 25, 2013 Market rate 4 10 Link to comment Share on other sites More sharing options...
Bunk Posted May 25, 2013 Report Share Posted May 25, 2013 Link to comment Share on other sites More sharing options...
fib1618 Posted May 25, 2013 Report Share Posted May 25, 2013 Market rate. 4 12 Link to comment Share on other sites More sharing options...
yota691 Posted May 25, 2013 Author Report Share Posted May 25, 2013 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.... 18 1 Link to comment Share on other sites More sharing options...
Biker Posted May 25, 2013 Report Share Posted May 25, 2013 Good post yota, Now how many times have we herd this line of B/S befor lol. More talk no action . 1 1 Link to comment Share on other sites More sharing options...
JMULS31 Posted May 25, 2013 Report Share Posted May 25, 2013 It says "Next June".. that would mean 2014, no? 2 1 Link to comment Share on other sites More sharing options...
vomer Posted May 25, 2013 Report Share Posted May 25, 2013 Like we said in the '70s: ... soliiiiiiiiiiiiiid. 1 Link to comment Share on other sites More sharing options...
fib1618 Posted May 25, 2013 Report Share Posted May 25, 2013 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.... 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 3 15 Link to comment Share on other sites More sharing options...
Neapolitan Posted May 25, 2013 Report Share Posted May 25, 2013 It says "Next June".. that would mean 2014, no? Next June means this June. Weird but true. 6 Link to comment Share on other sites More sharing options...
fib1618 Posted May 25, 2013 Report Share Posted May 25, 2013 (edited) 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 May 25, 2013 by Markinsa 5 7 Link to comment Share on other sites More sharing options...
dontlop Posted May 25, 2013 Report Share Posted May 25, 2013 (edited) 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 May 25, 2013 by dontlop 5 1 Link to comment Share on other sites More sharing options...
jg1 Posted May 25, 2013 Report Share Posted May 25, 2013 Like we said in the '70s: ... soliiiiiiiiiiiiiid. When it says next june, that means this june, realy. It does. 2 Link to comment Share on other sites More sharing options...
staunch Posted May 25, 2013 Report Share Posted May 25, 2013 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 Link to comment Share on other sites More sharing options...
zigmeister Posted May 25, 2013 Report Share Posted May 25, 2013 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 Link to comment Share on other sites More sharing options...
stealthwarrior Posted May 25, 2013 Report Share Posted May 25, 2013 What they meant to say was :In the coming days: 1 Link to comment Share on other sites More sharing options...
tilak Posted May 25, 2013 Report Share Posted May 25, 2013 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 Link to comment Share on other sites More sharing options...
staunch Posted May 25, 2013 Report Share Posted May 25, 2013 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 Link to comment Share on other sites More sharing options...
dontlop Posted May 25, 2013 Report Share Posted May 25, 2013 (edited) 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 May 25, 2013 by dontlop Link to comment Share on other sites More sharing options...
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