Thats funny...I didnt see you comment on any of these.....
BAGHDAD / 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." Ended
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Central Bank Governor promises bright future for IraqisBy Adel Kadhem
Azzaman, July 9, 2013
Iraq’s financial capabilities are stronger than any challenges the country might be facing, said Deputy Governor of the Iraqi Central Bank Abdulbasit Turki.
“The near future will be a surprise … our potentials are greater than any challenges we are going to face,” Turki said.
Turki made the remarks during a celebration marking the 10th founding anniversary or Iraq’s Commercial Bank.
Turki took over the Central Bank’s administration almost 10 months ago, following a period in which the bank’s former leadership was alleged to have pursued policies detrimental to the country’s economy and the exchange rate of its national currency, the dinar.
Iraqi Central Bank’s coffers are reported to be brimming with hard cash with reserves estimated at more than $70 billion.
Turki said the short period in which he has been at the helm of the country’s most influential financial institution has provide him with evidence that Iraq will overcome its economic difficulties with great leaps forward in the near future.
He did not elaborate, but hinted that his bank was negotiating with international banking institutions to open branches in the country and at the same time encourage foreign investment.
“We have met delegations from some of the world’s largest banks who are willing to start operating in Iraq,” he said.
Turki said his institution wants to turn Iraq into an arena for investment, particularly by foreign firms and entrepreneurs to rebuild its infrastructure.
“Iraq is open to all investors willing to invest in it and reconstruct its institutions,” he said.
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The high value of the dinar
07/09/2013 12:00 AM
Baghdad - Mostafa Hashemi said economic expert d. Peace Sumaisem: that the Iraqi dinar is witnessing a remarkable increase in value, especially in recent times, and after the withdrawal of Iraq from Chapter VII. Added Sumaisem told (morning): that there are several countries want to buy the dinar because it represents the currency of financial cover strongest in the region as well to being represents one of the aspects of investment for foreign investors, noting that there are expectations of higher value of the dinar
to rates close to the standard which makes it desirable in global markets. explained Sumaisem the global currency markets is going according to the principle of expectation of higher currency or decline, and on the dinar, there are projections indicate to increase the value of the dinar in the global markets, He Astdrki that the fluctuation in the exchange rate within the country significantly affect the value of the dinar abroad. It is worth mentioning that there is a website American trading buying and selling Iraqi dinar since 2004.
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After the exit of Chapter VII sanctions on Iraq, international banking organizations are looking to invest in Iraq. The Iraqi central bank has recently declared that presently Iraq possesses high volume of foreign reserves, which is around 76 billion dollars and in addition to that bank owes 30tons gold bullon.Treasury Adviser Helal Al Ta’an, stated that this reserve will help raise the value of the Iraqi currency, compared with foreign exchange and thus contribute to the reduction of prices of goods and commodities.
The currency reserves of the Central Bank is supporting the Iraqi currency in and out of Iraq, and increased oil imports might contribute directly to increasing the reserve and give more support to the Iraqi currency.
Economist Majid Al Souri remarked, “The investment of surplus reserve is a deliberate economic policy of the country.” the parliamentary Financial Committee member Ahmed Al Masari criticized laws and banking regulations followed in Iraq, confirmed that the Parliament is determined to enact laws regulating banking in the future.
The central bank declared that earlier the foreign reserves and gold were used to be managed in global banks. But after the exit of Chapter VII, the bank got more freedom and thus liberal decisions of the bank will bring future economic successes.
Read more: http://dinarvets.com/forums/index.php?/topic/153903-exiting-from-chapter-vii-makes-iraqi-dinar-stronger-09-jul-2013/#ixzz2Yem4scsM
Just admit your the biggest lopster around...they just let you swim free for some reason...