blonde_minx

Baghdad / NINA / Iraqi House of Representatives voted today on three posts of Vice President in one package . The Council voted on each of Adel Abdul Mahdi and Tariq al-Hashimi and Khudair Khuzaie. / http://www.ninanews.com/english/News_Details.asp?ar95_VQ=FGIIHK

Announcement No. (1895) The latest daily currency auction was held in the Central Bank of Iraq on the 12-MAY-2011. The results were as follows: Details Notes Number of banks 23 Auction price selling dinar / US$ 1170 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 251,339,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 251,339,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets :mellow:Hi Could you delete this from this subject i posted in the wrong place Sorry

Announcement No. (1895) The latest daily currency auction was held in the Central Bank of Iraq on the 12-MAY-2011. The results were as follows: Details Notes Number of banks 23 Auction price selling dinar / US$ 1170 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 251,339,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 251,339,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets Read more:

]Erbil, May 12 (AKnews) – After having been absent from the Iraqi business arena since the fall of the former regime in 2003, Russia is returning with large-scale plans to work once more in the country, said the Iraqi Prime Minister on Wednesday. Speaking at a press conference, Nouri al-Maliki said that recent developments in Iraq had renewed Russia’s confidence and raised its interest in a variety of economic sectors. this is a good step because they previously believed that Iraq lacked sovereignty and was a country of terrorism and sectarianism,” he said, “It is convinced now that Iraq is a stable country and perhaps one of the most stable countries in the region”. The Iraqi PM said that until now, Russia had participated only in oil licensing rounds and some electricity projects but were looking to return at a much greater capacity. “They’ve come back with big plans,” Maliki continued, “that include cultural, oil, gas, power plant construction and military projects.” Maliki said that all of Russia’s proposals were welcome, including their visions of military cooperation. “…this issue will be left to the Ministry of Defense and it will decide what it needs,” he said. “Russia played a role in the fields of industry and agriculture,” the PM continued, saying that all of these issues would be discussed at an imminent meeting between officials from the two countries in the Iraqi capital. “The joint supreme committees of both countries will meet in Baghdad along with a delegation of experts. Each (Russian) minister will speak with his Iraqi counterpart in order to set in motion Russia’s plans http://www.aknews.com/en/aknews/2/238934/

Hi TQueezy I dont think i have a snapshot either but you are right, when i checked this yesterday it was either the Swiss Franc or the Swedish Krone that was blank, so if the website hasnt been updated yet for todays auction why has this now changed Very strange Hi TQueezy I have just double checked the CBI site and they have updated the site today thats why it has changed, they just havent updated the Auctions yet, hope this helps

Thanks Kwg

This does look very interesting, though im only a newbie

11/05/2011 Under Patronage of Mr. Prime Minister, Committee of Advisors will hold a Conference on the economic situation in Iraq as seen by the donor community The Chief of Committee of Advisors Mr. Thamer Al-Ghadban said that Conference will be held under the slogan "The Situation in Iraq as Seen by the Donor Community" on Saturday, 14 / 5, in cooperation with the United Nations and other international donor organizations . Al-Ghadban added: The Conference will focus on mechanisms to develop the Iraqi economy, particularly in the areas of energy, services and institution-building, the conference will have four discussion topics concerning the prospects for the Iraqi economy in transition and the role of the private sector, public sector reform, and modernization of state-owned companies, and financial management in Iraq . The Chief of Committee of Advisors said that the Conference will be attended by Prime Minister Mr. Nuri al-Maliki and the Special Representative of the United Nations in Iraq Mr. Ed Milcard, and representatives of the Organization of the United Nations, the World Bank, and ambassadors of donor countries, and a number of officials in the Iraqi government . Mr. Al-Ghadban said the Conference will present assessment on the status of the Iraqi economy and will result in specific recommendations and will present the vision of Iraq on the short and medium run and on the relationship with the international community . http://www.nmc.gov.iq/ArticleShow.aspx?ID=961

Hi i think this is the link you need http://www.reuters.com/article/2011/05/10/us-financial-regulation-fdic-idUSTRE7485IC20110510?feedType=RSS&feedName=topNews (Reuters) - U.S. bank regulators would more strictly supervise banks' relationships with retail customers who speculate in the foreign exchange market, under a proposal issued on Tuesday. The Federal Deposit Insurance Corp plan would require retail customers who engage in foreign exchange transactions with a bank, that are not cleared through an exchange, to post a margin amount of 2 percent in the case of major currencies, such as the dollar and euro. The amount would rise to 5 percent of the notional value of the transaction for some other currencies. Banks also would have to keep more transaction records and give customers more information on things such as the fees they are being charged. The rule does not affect large companies involved in the derivatives and swaps markets and is instead aimed at protecting less-sophisticated individual investors. The proposal is similar to a final rule published in September by the Commodity Futures Trade Commission in response what it said was retail fraud in the currency trading area. It is also similar to a proposal released last month by the Office of the Comptroller of the Currency. The board of the FDIC voted to put the proposal out for 30 days of public comment. The FDIC only has a small part in policing this market. It said only one of the banks it regulates is involved in the retail foreign exchange business. It did not identify the bank. The rule is required by last year's Dodd-Frank financial oversight law. "It's really focused on the speculative activity that provides higher risk and for which additional consumer protections would seem justified," said FDIC Vice Chairman Martin Gruenberg said. Citigroup is among the largest banks that offer foreign exchange trading services to retail customers. Retail customers are often individuals trying to make money by speculating on currency fluctuations. The requirements will limit how much they can borrow when making bets. Under the rule, a retail customer is defined as someone who has less than $10 million in assets. In January, The CFTC sued 14 firms that it alleged illegally solicited investors to participate in foreign currency transactions. In all but two of the complaints, the CFTC alleged that defendants acted as retail foreign exchange dealer, offering to or taking the opposite side of a customer's forex transaction without being registered.

Your welcome , we all have to keep are chins up and wait , it will be worth it in the end

Subject has been read 158 times 11/05/2011 BAGHDAD - morning Department of Defense announced the payment of payment of emergency temporary "second session" for the months of March and April between the army recruits former military personnel "officers and rank", civil servants and Moeini war disabled with the exception of designated government departments all are permanent or contract and retiring. And select a ministry statement dates exchange starting from tomorrow Thursday, the twelfth of May, as it holds the branches of the Rasheed Bank for this purpose in the process of distribution throughout the country. And ordered the ministry covered the need to review the banks during the specified period up to the second of next June for the opportunity of late to receive their entitlements. The ministry said in a statement that the distribution of banks exclusively the province of Baghdad to the beneficiaries of the payments for temporary officers and rank and civilian personnel of the Karkh and Rusafa will be based on the letters of the alphabet. She Moeini exception of persons with disabilities to the province of Baghdad, in alphabetical organization, for humanitarian reasons, telling them to accompany the disabled identity of the body of fighters Qadisiyah dissolved or any Msthompsk another definition Bmain disabilities. The statement also pointed out that to be in the government departments on the permanent staffing, contract and temporary or retired employees of the former army bear legal liability and financial Upon receipt of payment and without entitlement from the date of commencement in the post or transmit to retire because it is contrary to the laws in force http://www.alsabaah.com/ArticleShow.aspx?ID=7362

[Differences of law and postpone the vote on the Iraqi security ministries candidates 5/11/2011 9:57:29 AM Baghdad Constitution Declared the Kurdistan Alliance, the House of Representatives decided to postpone the vote on the candidates, al-Maliki's security ministries after the weekend and the first legislative term, which ends mid-June because of differences between Iraq and the rule of law. The MP said the coalition Chuan Mohamed Taha: The Presidency of the Council decided to postpone the vote on the candidates of the security ministries after the end of the summer recess that will begin in 16 of the current month and for a period of one month. Taha said there is an initiative of the President of the Kurdistan region, Massoud Barzani, to hold a joint meeting in Erbil between al-Maliki, Allawi, to bring the views and reach agreement between them to resolve the issue, saying: that the U.S. Administration exerting a lot of pressure on the political blocs to reach a compromise formula to overcome the file luggage security long talk about it, he says. to the detection of a parliamentary source in the Kurdistan Alliance that the Alliance decided to vote on the candidates of the security ministries, who made their names by Prime Minister Nuri al-Maliki. The source said: Kurdistan held yesterday a meeting to discuss several issues, including biographies of the candidates the security ministries and the law of independent bodies, indicating that the alliance reached during the meeting to the conclusion that the absence of any reservation that has the names of candidates. http://www.daraddustour.com/شؤونعراقية/tabid/58/Default.aspx

10/5/2011 Prime Minister Nuri al-Maliki received,at his office this evening, a delegation from the U.S. Congress headed by Mr. John McCain . Maliki said that the prospects of cooperation between Iraq and the United States are wide, calling to initiate the application of the strategic framework agreement governing cooperation between the two countries . He stressed the need to expand cooperation between Iraq and the United States, including economic, industrial, commercial and scientific feilds . U.S. Congress delegation expressed their willingness to increase cooperation between the two countries within the framework of strategic cooperation agreement, confirming the convergence of the views of the two sides on the ongoing developments in the region http://www.nmc.gov.iq/ArticleShow.aspx?ID=954

Oh, what a shame, thought i had found it lol, thanks for your help

Hi I think this is the new CBI website, when you click on all the links they open the new look information, but when you click on the banknotes and coins it takes you to the website that they are using now, which makes me think that they havent yet put the new notes and coins on yet, seems interesting that the currency takes you to the site that we all go on, yet all the rest are new, i cant see a link for daily auctions so maybe its not yet finished, take a look, i am hoping i have found something here, fingers crossed http://www.cbi.iq/monetarypolicy.html

Can anyone tell me could this be the new website for the central bank of iraq, it doesnt seem to be up and running yet, but looks like they are getting ready for a new website, im new on here so may be wrong http://www.cb-iraq.org/

The establishment of the Independent Electoral Commission of Iraq, the Coalition Provisional Authority order No. 92 on 31/5/2004 to be exclusively, Iraq's only electoral authority, the Office of the independent non-partisan professional body self-administered and State but independent of the Executive, legislative and judicial powers, and have the absolute power of the law, the authority to declare and apply and implement the regulations and rules and procedures for elections during phase Transition, no Iraqi political forces involved in the selection of members of the Transitional Council Office, unlike the current Commission members chosen by the House. http://scooby-iraqdinarnews.blogspot.com/2011/05/monday-may-2nd-house-is-meeting-monday.html

Hi I havent got a clue what this means, hopefully someone can help

Hi, Thanks for your reply, lets hope it goes the right way

Unfortunately i dont know what they are really saying, as im very new to this, maybe someone could make this report clearer. Its a bit of a long read im afraid Forgive me if this has already been put on here, dont shout at me lol Citizen newspaper » News » Reports Raise zeros from the Iraqi currency ... between the robbery and yes / c 2 On: Wednesday 05/04/2011 16:34 Sadiq Tohma behind Raised the proposal to delete the zeros of the Iraqi currency, which was adopted by the CBI, a sensation with government agencies and economic development in Iraq regarding the extent of its implementation, and Alatharwalanekasat currency on the current Iraq under the circumstances faced by the Iraqi economy, in time, who raised the subject of deletion of zeros from the Iraqi currency sensation between the pros and cons about what can be consequent effects in the economic sector, especially the volume of currency in circulation in the Iraqi market estimated at up to 30 trillion dinars. Where he sees specialists in economic affairs that in the implementation of this proposal serious consequences begin to appear on the market that there would be changes in the hit and suffer the consumer Third requirement The central bank and monetary policy in the face of inflation : Left the price trends experienced by the Iraqi economy since the beginning of the nineties of the last century and until 2006 the average annual inflation amounted to approximately 50% to reflect there is a structural problem has become inherent in the components of the entrances to the macroeconomic in Iraq, which has also continued to suffer from the phenomenon of imbalance between the production sectors of commodity (excluding the oil sector now) and the services sectors and the distribution is still working for the benefit of service activities of marginal or low productivity. and inflation harmful effects on many aspects of economic and social development as it leads to lower standard of living for individuals especially those with limited income and to encourage speculative fixed assets and direct investments towards secondary activities with priorities and to reduce the surplus or deficits in balance of payments. For the purpose of addressing these effects and develop appropriate solutions to be standing on the causes of this phenomenon. And diagnosis of the reasons is in itself and it was a way to cope with inflation, the current is achieved through one of the constants derived from maximizing the purchasing power of the Iraqi dinar through a basket of oil revenues instead of Tautness to the current economic situation. And achieve economic stability desired must be done via component and a single stable and equal to the value of the Iraqi dinar in the cemented and building the value of monetary unit of Iraq over the foreign currency. as experience has shown exercised by monetary policy in the past few years in the use and means to achieve the stability that came to its success through a number of forms of auctions held by the Central Bank of Iraq is the circulation of various financial assets to control the levels of liquidity and achieve stability and reduce inflation. However, the auction of foreign currency, which comes on top of that auction, it is alone, has the efficiency and ability to absorb the cash block exported at a rate of one and a half during one year without affecting the international reserves of Iraq, which means that there is a strong control on the growth of cash flows and ease inflationary pressures through the activities of the exchange market and the central role in inflation targeting. - Inflation today arrived in less than 3% and this is a good sign for the Iraqi economy for the past when he was in previous years reached 34% and that Iraq today for the first time up to place the decimal one This is a success, where he and three decades after Iraq was living in a hyper-inflation and this, of course case confer stability on the value of Interior of the Iraqi dinar as the main objective of monetary policy is to maintain the value of internal and external of the Iraqi dinar and tackle inflation from the core goals by strengthening the Iraqi dinar exchange rate, after taking into account the fact that inflation and persistence in the long-term (regardless of its origins and its causes in the short term, particularly vibrations sector supply source at the end of growth and expansion of the cluster of cash and low inflation are not taken only by adjusting monetary phenomenon and the stability of rates of monetary growth so as to achieve economic stability which is the responsibility of the monetary policy also says Mmeltn Friedman. as well as that there are habits of saving and Aktnazip a variety of wealth comes in the forefront of the high level of hedging foreign currency, something which has reinforced the phenomenon of dollarization in various directions. In the face of this situation has to be policies that turned the precarious nature in the demand for money through the hedge of individuals in foreign currency, to trust in Iraqi currency, which meant be of high value by raising the value gradually, and delete the zeroes in the future. after the improvement of the level of the Iraqi economy and become at least provide part of the effective demand in the Iraqi market. Then that targeting inflation through targeting the exchange rate, even when part of the program is announced for policy cash means that the installed nominal currently approved within the monetary framework adopted by the Central Bank, which provided the variables or intermediate targets will change from one level to another level and will have an impact works both ways: The first is that rational expectations of the audience will be affected immediately by the increasing degree of substitution of the dollar to the dinar, in order to avoid any losses fatalism potential and the other, the exchange rate regime would be a system more flexible than it is now and will work towards the gradual for the benefit of the Iraqi dinar. Thus, monetary policy is in Iraq at the crossroads strong influence on the levels of liquidity and that of these methods to be adopted by the central bank is entering a seller of bonds in the money market within the financial sector in order to control those levels of liquid and Mnasebha in addressing the phenomenon of inflationary Alnkadipaly therefore finds makers of monetary policy in the country that «the Bank has succeeded in his plans the ongoing development of the value of the Iraqi dinar with foreign currency, which was market-leading regional and local». stating that « the monetary value of the Iraqi dinar rose thanks to the plans and actions taken by the central bank continuously for the Liberation of Monetary Iraqi financial restrictions routine and administrative ». They expressed their hope that the« rate stability in the value of the Iraqi dinar to the descent global as well as to neighboring countries that have survived in the stability of national currency and bring in investments her Section II: Delete Asfarbin robbery, yes, and approaches of selected countries: much debate among specialists placed a proposal to raise zeros from the value of the national currency of Iraq between supporters and opponents of the proposal and everyone has interpreted the scientific and objective, so we will discuss in this section, this divergence of views with discernible approaches of selected countries in the experience to delete the zeros The first requirement: Deletion of zeros and approaches from the experiences of selected countries : When inflation takes off, increasing speed of trading Bmdiat higher becomes keep the money represents a loss for individuals motivated to replace their assets Cash assets of a real, leading to a sharp rise in prices more than the increase in the amount of money desired and therefore must be adapted to pay day and may be replaced by foreign currencies. As a result of this harsh inflation depends on the acceptance of individual currency and in the end we have to make a new currency and the withdrawal of old currency from circulation. Solution in Germany and then mark the place Alrajksmarck solution Aldug Mark misplaced. In 1924 Mark was Alrienten new equivalent trillion × 1210 of old brands. In Hungary Forint solution Alpinko place, and in Austria schilling solution replace the Crown. In many cases, be accompanied by provision of the new currency with a successful policy of economic stability, and more common way is to delete the zeros of the defunct currency. And apply the style to delete a number of zeros on all prices and wages and financial assets in the general economy. Despite the fact that such a move is basically a change cosmetic has no economic damage, but he is making some savings in costs (ink, paper, time) of computing and places and the like. Have been applied to Bolivia this technique in 1986 after several months of the beginning of the stabilization program by changing the national currency of the Bolivian peso to convert one million pesos from the old to the Bs and one of the new currency. It seems that the problem in this type of reform is not only critical, but deleting the zeros to provide a new currency, according to a special project to re-pay contracts in old currency. In this context, some countries (such as Argentina in 1985 and Brazil in 1986) designed a kind of currency reform more complicated, requires re-payment loans are long-term new currency, but the interest rate is adapted to a new format, on the whole, the countries which experienced hyperinflation was suffering from a level and very low international reserves, making it in the position of defending a weak exchange rate and stable prices, which pushed for the use of technical and financial assistance from international and regional organizations that enabled it to balance of payments support. Examples of this are many, such as Bolivia in the eighties and accepted by Austria and Hungary and Germany in the twenties of the last century, Poland and Yugoslavia in 1989 and 1990 and somewhat in the former Soviet Union, Bulgaria and Hungary during the transition from the socialist system to democratic pluralism and a market system. In the aftermath of the war and enjoy the Central Bank of Iraq real independence under the new law gave the goal of price stability and achieving low rates of inflation, the biggest weight in the strategy of monetary policy. It may be an auction of foreign exchange is a tool available and simple practical way under the current circumstances to control the rate of monetary expansion. Valambiet big oil and foreign aid are important sources of revenue for foreign exchange available to the Government, and provides auction an important channel to cover the costs of imports and help reduce the money supply and hence the effective coordination between fiscal and monetary policy is desirable to get rid of the increases surplus in the money supply. However, the objective of achieving monetary stability must be consistent with the goal of the level of foreign reserves so as to avoid impeding trade and account for external shocks and hence the use of a tool auction must be consistent with the minimum target for foreign reserves. And Kdhakguet this policy, in addition to activating the open-market operations, remarkable success in controlling monetary growth and improve the purchasing power of the Iraqi dinar. After that the dollar was equivalent to 1896 in 2003 became the equivalent of 1170 Dinaaumasal to that price even write these lines the month of March 2003 it is expected that the central bank's proposal to delete the zeros of the national currency of Iraq on the basis of reduction of levels of inflation, as indicated estimates of the Iraqi Central Bank that core inflation rate was 12% (excluding fuel prices and transportation) in August 2008. While current estimates of inflation of 3%, whether calculated rates of inflation by the central bank or the Ministry of Planning does not appear that there is a tendency to persistent elevations prices so that it develops to runaway inflation. Requires to stop inflation, a mix of policies relating to the exchange rate and money supply and the general budget in addition to the measures directly related to wages and prices. The policy of stability based on the exchange rate is the key to ease inflationary pressures, but this policy alone to turn out the desired stability unless a budget deficit and the issue of currency under control. As for the use of some of those countries to the method of deletion of zeros from their national currencies, whether in its simplest form or the complex has been shown that this method amounts in its benefits, as is the case in Brazil's experience and adapted a new format on prices, wages and benefits and financial assets would give such Mossep on inflation but does not addressing its root causes. For this reason and other reasons, those countries have taken steps within the program of stability to obtain loans for the balance of payments support or debt relief, helping the central bank to defend the exchange rate and strengthen confidence in the program. Indeed the monetary policy of central bank policy has been prudent over the past years, or after the change from 2003 to now, which is empowered veteran was able to fight inflation and this is the most important duties of central banks in the world and especially in Iraq and that inflation inherited from the previous regime where the Bank used policy tools Cash to curb inflation by raising interest rates, reaching this interest to 20% on time sucking up liquidity and worked at the same time banks to grant loans in the period the situation was serious and so does not help the business to borrow because of the deteriorating security situation, but now reflected policy to stabilize the security situation and the elimination of inflation, after the hard-line policy expansion has now cut interest rates to 4% for the central bank and this is one of the important factors which helped to stabilize the Iraqi dinar The second step is the cash reserves of the Bank and now have reached 40 billion $ this enhanced the value of the Iraqi dinar Kmalk helped the Central Bank International Monetary Fund with the support of fiscal policy in the Ministry of Finance of its allocation of experts and training in all kinds of support to the International Monetary Fund only in the world was in its reform required to reduce Iraqi dinar exchange rate, despite of the warriors of many officials and members of Parliament raised the value of the Iraqi dinar against the dollar, but nevertheless considered the Bank's policy wise, although that of Egypt's agricultural and industrial goods, because the truth of our industrial production stopped because of the policies of dumping and the lack of product, industrial and agricultural sectors of many factors, including high wages by a lack of fuel and energy of these factors influenced on Iraq's domestic product. In the meantime, cash Taadalcasp of the most important pillars of building stages of growth in light of the changes that have occurred and that Atekst heavily on the economy in all its aspects. However, the survival of the most important monetary policy going natural is the ideas and visions adopted by the proper officials and financial experts in Iraq, not as rumored then that the official occupation administration in Iraq, Bremer is one of the policy-making financial situation in the country . The second requirement: Negatives in the proposal to delete the zeros for the value of patriotism: Wonder here is that such a project is still in place it is possible to enter into force, even in the foreseeable future in light of political and economic circumstances experienced by Iraq and that the most likely answer is negative, The situation Aalaguetsadip is in a state of instability, and state revenues depend on the oil sector associated with the global economy and fluctuations in prices, Iraq has emerged from the crisis, the global loss due to lower oil prices as crisis has shaken inter joints of the economic life of Iraq and that on the one hand that the oil-funded President of the public budget and then the engine is President of the Iraqi economy as a whole, While the decision to raise zeros must be in a stable economic environment, and such a decision does not come originally only after experiencing the currency Thassanna and stable in value, and both commands is available in light of the continued economic conditions, and its implications Valmngirat economic is likely to continue is stable for quite some time, and as long as raise zeros from the dinar, as argued by promoters of the idea Basically, it has nothing to do with inflation and it's just the issue of psychological him in any action by the Central Bank in this regard in light of global conditions psychological shipped will not even lead to achieving the objective psychological alleged. From here, the Central Bank and Financial wait in the implementation of the proposal and postponed to another time, and accepted, we wonder whether the Iraqi economy has arrived already to a crisis of runaway inflation or excessive so that the call for the deletion of zeros, say that the answer to that could come also negative, and our it is very simple and comes from the nature of the decision to raise three zeroes itself, I confirm (three) zeros, meaning that the value of the Iraqi dinar did not link to a serious degree of degradation, did not pass the Iraqi economy, varying from hyper-inflation or over, has also seen some states that did on this experience, like Turkey, which had been deleted (six) zeros from Turkish Lira to become every one million Turkish Lira is equal to one pound, but on the contrary, we find that inflation in the Iraqi economy began to take rates are very moderate, especially after the years 2005 and 2006, which saw the biggest waves of inflation. . Therefore, the Bank's policy to withdraw the surplus of the currency (the dinar) in the daily auctions imposed on him by the International Monetary Fund because most of the countries of the world (not all) does not have the daily auction to sell the currency, as Iraq is undergoing economic reform. So Eryalaguetsadion that the negative effects on the Iraqi economy than positive effects of the proposal to delete Alasfreetn national value, as follows: (1) Where to write Iraq off three zeros from the currency will be Iraq and the Iraqis will be the first because there is a difference between cancellation three zeros from the currency and re-evaluation process, because cancellation three zeros from the currency is changing and illusory to the value of the coins and currency, the current may contribute to the creation of a state of monetary illusion, but it will not change the value of purchasing real currency, not to mention the risk of leakage of foreign currency abroad after the approval of political freedom of exchange, as the auctions the central bank for the dollar contributed significantly to the exit of large amounts of foreign currency from the country. (2) re-evaluate the currency and increase its value by improving the exchange rate may not be in favor of the Iraqi economy. May be applied in practice lead to a loss. The central bank has about 20 trillion dinars Kciolp distributed between him and the citizens, and have about $ 25 billion. If the central bank to improve the exchange rate it will lose in several directions, the first instance, the value of the $ 25 billion owned by the Bank is now will be less value if they are to distribute a large portion of salaries for staff, for example (ie, that, instead of giving 3 billion payroll, will have to give 4.5 billion) and also lose if the government wants to buy any material from the local market as the central bank will be forced to give the government the largest amount to buy what you need in order to continue its work. There is a loss the other has also exposed the bank in case the request of many international banks to transfer the dinar to the dollar, which is owned it will come where the central bank dollar if it wants the banks to convert the dinar, which is owned to the dollar. (3) that the lifting of the zeroes will cost the state budget large sums of money, and will not be for this action impact on the level of inflation, to which the project to replace the currency after the lifting of the zeroes is probably open the door to corruption, as happened in the process of replacing the currency in 2004, and finds Supervisors management of the CBI that the process of deletion of zeros from the currency will cause an increase in expenditure which will allow in turn an increase of cases of waste of public money, in addition to not addressing the problem of inflation because the Iraqi market importer of all goods and services from abroad, which means a drain on hard currency. (4) as a result change the nominal value of the national currency, this may cause increased demand for goods and services means that the monetary union that the consumer gets against which the unit is one of the specific item before it gets to change the currency, ie, after deletion of zeros, and as a result of the psychological factor, which is generated when an individual consumer demand on goods and services resulting from that that the consumer will pay and two vouchers for the previous unit of the commodity and the reason for this increase in demand, as well as the change that occurs in the value of the national currency may cause the opposite effect a shift to keep foreign currency, which sees the individual that they have become cheap , here are generated pressure on the reserves of foreign currency available at the Central Bank, (5) back the Iraqi market to deal with any decline in the value of foreign currency in front of the national currency to convert this improvement to increase the dollar to Asarefi goods and services, and this will keep inflation at the same, and shall Another decline in the nominal value of the coin, will reduce the real value, any Mathsal by the monetary union of goods and services, for example, what happened from a drop in the value of the foreign (dollar) against the Iraqi dinar after the change Nisani 2003, especially in the used car market, which was suffer from recession in the European markets, ranging in price from $ 200 to $ 1000 but increased demand by the Iraqi market to make it rise to the weakening of prices, the initial, which led to the depletion of reserves, currency Alajnip, and here in spite of the rise in the value of the local currency of any value nominal but the real value fell and it Mathsal of goods Sorry forgot to add the link http://www.almowatennews.com/news_view_20146.html

Hi everyone, New on here, i had just noticed the low daily auction too, not many banks involved lets hope this continues