Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

hammer911

Members
  • Posts

    846
  • Joined

  • Last visited

Everything posted by hammer911

  1. I cant remember who or ware, but I herd several years ago into this investment that the dollar and stock market would almost crash when it was ready to happen. This story (both of them) indicates the USA programing America for a reduction in stock's and the dollar. Not to mention the dinar going international which is the most important part of this story. India and Iraq have been trading for a while.. But pegged to the dollar. Now IMO... when they switch to using dinar, it will be recognized world wide at what ever rate and this will be key to the investment..... GO RV!!!~~~
  2. JMO, But I think this is the finance comity member slamming the CBI.... I dont think it means there are going to..it sounds to me like there just slamming the cbi in the media...JMO.... GO RV!!!~~~
  3. JMO, But I would think if they want an Iraqi to be president of OPEC, That everything should be on an International level!!!!!JMO... GO RV!!!~~~
  4. Posted on: 08/07/2013 19:24:15 For some reason, it will not post the article !!!! With: spokesman called white parliamentary bloc Kazem Al-Shammari to make an appointment to reset the Iraqi currency. Al-Shammari said in a press statement, received a "news the future," a copy of it, that "the high volume of reserves of Iraq from foreign currency to $ 76 billion in addition to the 30 tons of gold bullion, and out of Iraq from Chapter VII, make it necessary to set a date to reset the Iraqi currency . " "The investment of this reserve big help to raise the value of the Iraqi currency compared to foreign currencies, and thus will contribute to reduce the prices of goods and commodities, would be reflected on improving the living standards for the Iraqi people and thus contribute to the insurance community and reduce crime and the fight against terrorism." http://www.mustakbal.net/news.php?id=31530
  5. 01 August / August 2013 20:03 Did not bring the report of the International Monetary Fund recently released a new, could refer to the new features of evolution or a citizen of the defect, unknown in the body of the Iraqi economy, in spite of rumination with sentences and words. Annual report, which was prepared after several visits punctuated by the process of collecting data from inside the scene of the Iraqi economy, he pointed out the importance of diversifying revenue and not to rely on one side in the TTM fear of fluctuations in oil prices, along with the importance of the development of the private sector non-oil and liberalization of the foreign exchange market to encourage investment. . And the right to do so is to repeat and ruminate about what was said and reported daily in writings and تنظيرات the Iraqi economists in seminars and conferences. The report brought the same reasons that are repeated annually فتقف behind the failures of the ongoing economic (deteriorating security situation caused by continuing to wrestle political misuse of funds - calling for direct spending in public budgets, reduce waste and improve the quality of spending, «with regard to the electricity sector and spending on salaries by reducing the growth of employment in the public sector with the construction of public financial reserves can fortify spending declines in oil exports or in oil prices - but he praised the government's performance in maintaining macroeconomic stability in Iraq. International Monetary Fund which committed Iraq with the World Bank and the Paris Club Bmasmi economic reforms when settling the issue of debt without laws regulating market relations and movement of capital contributed in guiding monetary policy in Iraq over the past ten years, which led to what led to him after detection of the movement of the transfer of funds in the central auction, and was a trustee with the World Bank on public budgets annually makers in Iraq .. According to its annual report this year, said the reason for the transfer request «, which he called a project» on foreign currency parallel market are the measures the central bank last did not give the real deal for this dilemma did not reveal to us about the results of the economic reforms committed by Iraq, and the secret of instability in monetary policy despite the costs of high spent on work items that policy, which contributed to the set, only to demand liberalization of the foreign exchange market, praising »previous policies of the Central Bank which has achieved monetary stability over three years,» according to the report. On this, the follower of the history of the recommendations and claims that it was dictated by the Fund on the Central Bank of Iraq like a spiritual father, surprised by the fact that the provisions of the report in this regard, which only displays the reality (and leave the issue of non-verification of monetary stability despite the multiplicity of outlets selling the dollar dramatically) while ignoring the growing demand for the dollar by traders Iraq's neighboring countries in order to finance trade those states besieged, leaving this matter to his family like a not significant days this policy dealing with the results of the Central Bank current, at a time Amplify the reference rate of growth in the overall economy to the extent that the reader believe that 9% of this growth came from outside the oil exports! http://translate.google.com/translate?depth=1&hl=en&prev=/search%3Fq%3Dhttp://www.iraqicp.com/index.php/2013-03-22-11-04-13/2013-03-16-08-27-39/2646-2013-07-19-14-13-24%26biw%3D1088%26bih%3D479&rurl=translate.google.ca&sl=ar&u=http://www.iraqicp.com/index.php/2013-03-22-11-04-13/2013-03-16-08-27-39/3188-2013-08-01-20-03-48&sandbox=0&usg=ALkJrhhigmzD2XK4WCDPRwo3FLCckgqQXw http://www.iraqicp.com/index.php/2013-03-22-11-04-13/2013-03-16-08-27-39/3188-2013-08-01-20-03-48
  6. 26 Jul 2013 Sorry if this was posted before, But I have not seen it!!!!! Two Iraqi parliamentary committees monitoring fiscal policy in Iraq have held two contradictory positions on the Iraqi currency “reset” project, which would delete three zeros from the currency. Controversies were there regarding the feasibility of this project and some of the experts have opined that it will take a long to implement. The Parliamentary Economic Committee thinks that deleting zeros from the Iraqi currencies would lead to strengthening Iraqi economy. However, the Finance Committee is worried about the project aftermaths as it may bring a lot of counterfeit operations. Mudher Mohammad Saleh, former deputy governor of the Central Bank of Iraq, warned against the consequences of such a step if it is not implemented at the appropriate time. Abdul Abbas Shayya, a member of the Economic Committee in the Iraqi parliament, told, “Reforming the management of the Iraqi currency now requires the deletion of three zeros. This has been endorsed by the parliamentary Economy and Investment Committee." Shayya, an MP for the State of Law Coalition led by Iraqi Prime Minister, added that the Economic Committee "asked the government and the Central Bank to quickly replace the current Iraqi currency with another that is less [in value] by three zeros." "The Iraqi currency is weak, and the money supply has amounted to multi-trillions because of the existence of these useless zeros," he said. "The country will witness a significant increase in oil revenues, financial earnings and high budgets. Thus, we need to print new banknotes, as estimated by the Central Bank." "Iraq would need about 9 billion banknotes in the event of applying the deletion of zeros. Iraq today is dealing with 4 billion banknotes," he said. MP Nahida Daini agrees with Shayya, her colleague in the Economic Committee. In an interview with Al-Monitor, she stressed the need to implement the Iraqi currency “reset” project. However, she said that the government fears money laundering operations in the event of the project's implementation. She said, "The Economic Committee last week requested to implement the deletion of zeros from the currency, but the Council of Ministers asked to delay the process for fear of money laundering operations." Daini believes that the government's fears "are mere concerns." She said, "There are regulators in Iraq who can follow up and ensure the integrity of the project." Magda al-Tamimi, member of the parliamentary Finance Committee, told, The delay in deleting zeros from the currency was due to fears of possible fraud operations. The Finance Committee is currently focused on controlling the currency auction," which is carried out by the Central Bank to provide merchants with hard currency necessary for import!” The fiscal policy of Iraq has come under criticism recently due to the fluctuation of local currency exchange rates against global currencies. According to Tamimi, "Iraq is not ready to control the possible currency fraud that may result from the deletion of zeros." The Finance Committee, Tamimi added, "is now working toward controlling the Iraqi currency auction, which is witnessing a significant fluctuation in the exchange rate of the Iraqi dinar against the dollar." "Development is the gateway to strengthening the currency. Thus, raising the value of the dinar is more important than the deletion of zeros," she said. Saleh remarked, "The deletion of three zeros from the currency means deleting three grades from the calculation records of the Republic of Iraq. The decision to implement the deletion of zeros next year is very dangerous and risky. This issue must be done at the appropriate time." Saleh added, "We need to reform the currency management and accounting systems in the country in general. This can only be initiated in a new fiscal year." "There are many encouraging positive factors to reform the currency management system," he said, also noting that the deletion of zeros "does not only involve changing the design of the currency. It implies changing the economic system in the country in general." Updated 26 Jul 2013 | Soruce: Al Monitor | By S.Seal http://www.iraqdirectory.com/en/2013/07/26/24633/controversies-on-dinar-reform-amongst-the-iraqi-officials.aspx
  7. OK, I need a break down in English please... And thanks for the post!!! GO RV!!!~~~
  8. Good Morning Yota... Great post.....There are a lot of little thing that have to happen to make this work... This is one of them......And IMO, there have been a lot of them happening in the last month or so!!!! GO RV!!!~~~
  9. HUMM, is right!!! The policy's of the CBI are holding them back on the exchange rate as I read it. If peeps think back to the 80's in the U.S., Allen Greenspan single handedly kept George Bush Senior from being re-elected. They could have a motive as to why they are not pulling the trigger yet...... GO RV!!!~~
  10. Sounds like they or on the move to me!!!! This article is showing me there is some thing very big getting ready to happen!!!! Great find as usual Yota!!!!! GO RV!!!~~~
  11. HUMMM!!! Well, I gota think this is a typo on the decimal point..Possibly 1.180 Not saying it is..but how else would it significantly enhance the citizens if not...JMO.... But this is the second article I have seen about this,,, And the only way it would also reduce the speculation is to be worth more than the dollar.....GO RV!!!~~~
  12. "The final financial statements for the project, which was devoid of any Comments or reservations and this report reflects the good efforts of the Directors of the Central Bank of Iraq in this field." Sounds to me like they are set and passed all tests with no reservations from the world bank and the International Auditing Company!!!!GO RV!!!~~~ Thanks Yota!!!!
  13. Nice article Yota.. Very obvious what they want to do....Love this part!!!!!""The other point is the reduction of dollarization because when you delete the zeros will raise the value of the banknote, not currency because the latter means and not an objective," and continues that "it reduces the dollarization in business dealings" GO RV!!!!
  14. IMO... I still believe this is politics talking... It will happen and can surely be 1.16... I think this is pumping from the GOI-Central Bank to get the float starting faster...JMO...GO RV!!!~~~ Thanks for the great news and post Newbi!!!!!
  15. Yasiri stressed that "proper treatment would restore prices to the official price." This sounds like he is saying to R. I. the money to me...... Thanks Yota for the good posts!!! GO RV!!!~~~
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.