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Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system


dinareffic
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Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system

 

Date: 11:36 2017/02/27

Information / Baghdad ..

Economic Adviser to the Prime Minister counting the appearance of Mohammed Saleh, Sunday, cancellation of foreign exchange control department of the Central Bank of Iraq as a "need" a new political system based on a market economy, pointing out that the creation of the Department of laundering money for the alternative would be for them.

Saleh said in a statement / information /, that "a number of academics believe that the abolition of foreign exchange control department at the central bank are the reason behind the smuggling of hard currency and this is rightly believe".

He added that "totalitarian regimes based foreign exchange control departments in the monetary policy so as to restrict the movement of funds, either in the democratic systems that rely policy of market economy, it gives freedom of movement of money and after that the change that took place after 2003 from a socialist system to a market economy has to be for Iraq to free account the current account balance of payments, especially after he signed the resolution 1483, which comes to dealing with international organizations. "

Saleh pointed out that "Iraq passed the law (56) for the year 2004 relates to full liberalization of the balance of payments and thus became the foreign exchange control department is illegal and therefore issued a law to establish anti-corruption department twirl 93 of 2004 and amended by Law 39 for the year 2015 and this circuit has become a substitute for foreign exchange control department ".

It is said that economists believe that the most dangerous steps approved by the US civil administrator in Iraq Paul Bremer towards monetary policy in Iraq cancel foreign exchange control department. Finished / 25 m

http://almaalomah.info/2017/02/27/economic/134438

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"cancellation of foreign exchange control department of the Central Bank of Iraq as a "need" a new political system based on a market economy, pointing out that the creation of the Department of laundering money for the alternative would be for them"

 

dinareffic Thanks,  DV, Excellent article and yes it surely looks like currency auctions are coming to an end IMHO as well.  Come on "Liberation Of Mosul"

Keeping The Faith!!

GO RV / RI

Edited by tigergorzow
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Ok so how much Dinar is out in circulation ?  and if then make it 1 to 1 will that not put them in debt that amount ? or am I missing something , so if they have a Billion out then they need a billion to cover it...   Someone help me Understand .. PLEASE

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1 hour ago, Boozer said:

Ok so how much Dinar is out in circulation ?  and if then make it 1 to 1 will that not put them in debt that amount ? or am I missing something , so if they have a Billion out then they need a billion to cover it...   Someone help me Understand .. PLEASE

Just saw an article that states Iraq wants a billion dollars of their frozen funds released - that would cover it.

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17 minutes ago, Gypsygirl11 said:

Just saw an article that states Iraq wants a billion dollars of their frozen funds released - that would cover it.

A Billion is only enough for me.  What about the rest of you  I'm sure you'd like something for your Dinar!  But if you all want to be exceptionally nice, I'll take it.  I deserve it after my life.  And then I made a friend out of Davis411 or 911 or whatever.  Isn't that enough?  I kept him away from all of you as a gift.

 

You're Welcome:

 

DWOut

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3 hours ago, dinareffic said:

Saleh pointed out that "Iraq passed the law (56) for the year 2004 relates to full liberalization of the balance of payments and thus became the foreign exchange control department is illegal and therefore issued a law to establish anti-corruption department twirl 93 of 2004 and amended by Law 39 for the year 2015 and this circuit has become a substitute for foreign exchange control department ".

DV,  Timing of this article is a beautiful thing.....The plan is coming together per their timeline....:D:)

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13 minutes ago, DWitte said:

A Billion is only enough for me.  What about the rest of you  I'm sure you'd like something for your Dinar!  But if you all want to be exceptionally nice, I'll take it.  I deserve it after my life.  And then I made a friend out of Davis411 or 911 or whatever.  Isn't that enough?  I kept him away from all of you as a gift.

 

You're Welcome:

 

DWOut

Oh you are so good to us  you little monster . :lmao::lmao:

Edited by nannab
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10 minutes ago, Rmc10 said:

They have 4 trillion dinar in circulation according to Frank26. Not sure where he got that figure from.

Probably from under Economic and Statistics Data > Monetary Sector > Currency > Currency Outside Banks (http://cbiraq.org/SeriesChart.aspx?TseriesID=156) This shows roughly 42 Trillion. The graph under Currency CBI Issued shows roughly 45 Trillion.  Just hover your cursor over the dot to see the figure.

Edited by Theseus
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This is such great news, this may actually happen in Bravo 11 time frame of 3/15/17!!! I'm with you Rmc10, I'm going to buy some more dinar now!!! WOW, what great news! Its all lining up folks! I just hope and pray my liver hold up to this big party!!! :soon: PS. This brings an end to MCP!!! the Iraq  people can not use U.S. Dollars! this what we have been looking for, not HCL! JMHO

Edited by Artitech
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6 minutes ago, Theseus said:

Probably from under Economic and Statistics Data > Monetary Sector > Currency > Currency Outside Banks (http://cbiraq.org/SeriesChart.aspx?TseriesID=156) This shows roughly 42 Trillion. The graph under Currency CBI Issued shows roughly 45 Trillion.  Just hover your cursor over the dot to see the figure.

what does this mean? Not the sharpest tack in box!

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That is breadcrumb syntax. It means you first go to the CBI.iq website and follow the breadcrumbs along the path to get to your destination. In days of yore (before GPS), people would drop breadcrumbs so they would not lose their way. Or they would use string or whatever else they had on hand to not lose their way. It's the same concept

You could just skip it and just click on the link.

Edited by Theseus
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