believing Posted December 26, 2010 Report Share Posted December 26, 2010 News About Iraqi DinarIraqi Dinar Exchange Rate * Finance: The process of recycling the funds will be made after the adoption of 2011 budget December 25, 2010 By Fred Wilson Revealed the Iraqi Finance Ministry, that the process of recycling the money will be made after the launch of the budget in 2011. The adviser said the ministry Zia Alckheon’s (Rn) The process of recycling of funds to the budget in 2010 will be implemented after the launch of the budget in 2011, when rated by the Council of Representatives. He said after that is the process of recycling the money will come out precise proportions of government institutions that fully exhausted their funds allocated to it in 2010. Prime Minister Nuri al-Maliki has asked the Ministry of Finance to submit a detailed report on the process of recycling funds for the year 2010. He pointed out that the Alckheon budget in 2010 benefited approximately 70 percent of their funds by ministries and government bodies and provincial councils, but it lacks the final accounts minutes. And postponed the second reading of the budget 2011 in the House of Representatives last week because of disagreements among Council members, on what the export of oil from the Kurdistan region, and do not include the current budget final accounts of the past year. It is noteworthy that the budget in 2011 amounted to more than 102 trillion Iraqi dinars, equivalent to U.S. $ 87 billion, accounting for a rate of 75 trillion Iraqi dinars operating budget and the remaining investment. http://bit.ly/h6CLmG http://iraqidinarnew...of-2011-budget/ Link to comment Share on other sites More sharing options...
TMills6864 Posted December 26, 2010 Report Share Posted December 26, 2010 OK, someone please help -- I have an extremely difficult time undertanding these articles -- does this imply that we won't see an R/V until after the 2011 budget has been implemented? Link to comment Share on other sites More sharing options...
Bigdad Posted December 26, 2010 Report Share Posted December 26, 2010 I heard that! When I read some of these articles Im like " what the hell did i just read?" Can anyone put this in dummy terms? 1 Link to comment Share on other sites More sharing options...
behaviorkat Posted December 26, 2010 Report Share Posted December 26, 2010 I think it is that the budget needs to be approved and put into place and then they will work on the financial issue such as RV. Paragraph 4 seems to indicate some clarity. Link to comment Share on other sites More sharing options...
believing Posted December 26, 2010 Author Report Share Posted December 26, 2010 RV may be after the launch of the budget in 2011. Or it may be understood to read that the RV will be after the announcement of the 2011 budget. Either WAY Go R.V. Link to comment Share on other sites More sharing options...
quadraph0nic Posted December 26, 2010 Report Share Posted December 26, 2010 recylcling funds....isnt this about the surplus from last years budget? 1 Link to comment Share on other sites More sharing options...
iqdheadlines Posted December 26, 2010 Report Share Posted December 26, 2010 RV may be after the launch of the budget in 2011. Or it may be understood to read that the RV will be after the announcement of the 2011 budget. Either WAY Go R.V. RV has to take place before they launch the 2011 budget because the 2011 budget will be based on the new value of the Iraqi Dinar. RV 26 DEC 2010 !!!! 1 Link to comment Share on other sites More sharing options...
pops Posted December 26, 2010 Report Share Posted December 26, 2010 This is my take on it. I;m sure someone will set me straight if I'm wrong. LOL If there is money left over in some areas of goverenment, Put it back in the pot to be recycled into the 2011 budget In other words after the 2011 budget is finished and announced, lets look and see whats left over from the 2010 budget. Whatever we have left will be recycled. 2 Link to comment Share on other sites More sharing options...
jaq Posted December 26, 2010 Report Share Posted December 26, 2010 Quad and Pops nailed it, this has nothing to do with the RV, but it is positive news as there was a surplus from last year due to oil prices being higher than expected and accounted for in 2010 budget. 1 Link to comment Share on other sites More sharing options...
believing Posted December 26, 2010 Author Report Share Posted December 26, 2010 Thanks it really does clear it up. I had hoped to get replies to help me understand what I really don't understand. Makes sense...well, if anything makes sense...it would be recycling the monies left over from 2010. Good point and well taken. Thanks again. Link to comment Share on other sites More sharing options...
xxxgator Posted December 26, 2010 Report Share Posted December 26, 2010 Any news that they are moving forward is a good thing.Go RV. 1 Link to comment Share on other sites More sharing options...
GaPeach Posted December 26, 2010 Report Share Posted December 26, 2010 RV has to take place before they launch the 2011 budget because the 2011 budget will be based on the new value of the Iraqi Dinar. RV 26 DEC 2010 !!!! Now this makes sense to me. How can they approve a budget without an RV so they know what they have to work with? Link to comment Share on other sites More sharing options...
DirtyMartian Posted December 26, 2010 Report Share Posted December 26, 2010 Here's what I wonder. Hopefully someone can help me out with this since I can't find the information. How many dinar are in print and circulated? How many dinar have these currency trading sites sold to the public outside of Iraq? I'd like to take these figures and see what we come up with for an amount in the projected post RV value. Link to comment Share on other sites More sharing options...
MovieMaker Posted December 26, 2010 Report Share Posted December 26, 2010 Thanks for your find, Time, & posting for us! Link to comment Share on other sites More sharing options...
BobbyBuns Posted December 26, 2010 Report Share Posted December 26, 2010 Someone actually posted it the other day and I guess they found it on the CBI website. People keep saying its around 27 trillion dinar but that was in 2008. The person who posted had it around 46 trillion and broke it down by how it is distributed worldwide. If I find it again I'll copy and paste it. 1 Link to comment Share on other sites More sharing options...
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