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Kanani: Give the banks, "currency exchange" contributes to lifting the economy


yota691
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Kanani: Give the banks, "currency exchange" contributes to lifting the economy

Economy and Tenders

 Since 02/07/2016 19:00 (Baghdad time)

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Special - balances News

He said the Investment Committee and member of the parliamentary Economy Ahmed Kanani, said on Sunday that granting civil and government banks the right to sell and exchange currency will contribute to raising the economy.

Said Kanani's / balances News /, that "the central bank has a mechanism to prepare plans for banks a new" government and private, "and the old and give them the right to sell and exchange currency."

 

He said a member of the Investment Committee and the parliamentary economy, "The commitment of these banks and the instructions of the Central Bank will contribute to raising the economy."

This "announced Misdemeanor Court of integrity, money laundering and economic crime in Baghdad for the start of private banks to pay what Bzmtha of fines and benefits Tojerih to the Central Bank of Iraq, pointing out that under the time limit expires early next year and by 10 billion dinars per month," .anthy 29/34 R.

 

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We are getting close.!

In my opinion the CBI is getting ready to stop the daily auction and give real value to the dinar.

Here is the currency auction information for today, you've probably already seen it. The auction was low today.

Currency Auctions

Announcement No. (3131)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 7/2/2016 and the results were as follows:

Details Notes

Number of banks 23

Number of remittance companies 21

Auction price selling dinar / US$ 1182

Auction price buying dinar / US$ -----

Amount sold at auction price (US$) 118,500,000

Amount purchased at Auction price (US$) -----

Total offers for buying (US$) 118,500,000

Total offers for selling (US$) -----

Some other significant things I am looking for before the revaluation are:

Dr. Shabibi to be announced as the non proxy CBI Governor signifying the CBI corruption is greatly reduced

Maliki and associates to be in custody with some really bad charges (hopefully by the ICC)

A significant portion of the embezzled funds are back in Iraqi custody

ISIS is dealt a crippling blow with near zero prospects of recovery

The foreign troops from Turkey, Iran, and other countries (other than coalition forces) are off Iraqi soil

The National Guard Law to be passed

The HCL to be passed (of course!)

 

These events seem to be on the horizon and approaching at hyper warp speed.

 

I agree the currency auctions will stop soon, real soon!

 

 

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