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Posts posted by DetroittoAZ
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Get you some dinar Iran🤞😁
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If Iran keeps using the dinar it's value will go up. We want the demand for dinar💰💰💰
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8 hours ago, Butifldrm said:
Central Bank of "Nass": The value of the Iraqi dinar increased by 9% .. These are reasons for the stability of the exchange rate
Tuesday 20 November 2018
Baghdad - Nas
The Central Bank of Iraq announced on Monday the appreciation of the Iraqi dinar against foreign currencies and the stability of the exchange rate of the local currency against the dollar.
"The market, for the first time since 2004, is witnessing stability in the exchange rate of the Iraqi dinar against the dollar, due to the success of fiscal policy," said Mahmoud Dagher, director of financial operations and external debt, in an exclusive interview with NAS today (November 20, 2018). The Central Bank of 2017 and 2018, where the market gap between the official exchange rate and other exchange rates, which were up by 8%.
Dagher pointed out that the importance of the stability of the dollar exchange rate in a country like Iraq affects the purchasing power factor, noting that "while the currencies of neighboring countries have collapsed, the Iraqi currency has increased by 9% compared to previous years, Income of the Iraqi individual. "
"The main problem is how we can stimulate the two main sectors, agriculture and industry, which monetary policy can not achieve without coordination with fiscal policy," Dagher said.
Dagher spoke about the protection that the state must provide for Iraqi industry and agriculture and the border control with neighboring countries. He said that industrial loans face a problem that requires border control to protect loans and industrial projects because the imported goods compete with the local product and this is not because of the best quality, but the use of neighboring countries, Floating cash at a time when Iraq uses the fixed exchange rate of the dollar, which makes the imported product low price for national products.
Keywords:
https://www.alghad.tv/category/الشرق-الأوسط/
😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍
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4 minutes ago, moneysoon said:
Interesting....However, any deals with IRAN would not work in our favor especially if we are talking about an RV. Unless of course, our recent call for increased sanctions has been rescinded. We are still under the "PLAN" and we are currently not playing ball with Iran.
Imo I think iraq is ready for everyone to have and use iqd
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7 hours ago, 6ly410 said:
1000 dinar note in the background... not saying it means anything just noticed while watching this
Great Video thanks, And yeah I see that note.
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23 minutes ago, DetroittoAZ said:
Iraq to launch investigation into millions of dollars 'missing' from public bank
Central bank blames heavy rainfall for damaged bills, lawmakers request evidence
Ali Al Alaq, the Governor of the Central Bank of Iraq. (Photo: Antonie Robertson/The National)Iraq's parliament is expected to launch a probe to determine how $6 million worth of local currency stored in public bank coffers was damaged by heavy rain.
Central Bank Governor Ali Allaq appeared in front of lawmakers in parliament on Monday to answer questions on the case which dates back five years.
"At the end of 2013, the vaults of the Rafidain Bank were flooded because of huge rains at the time, damaging the bills that were stored there," Mr Allaq said, adding that they were worth around seven billion Iraqi dinars.
Lack of transparency and unreliable governance has been at the heart of Iraq's woes, made worse by the effects of a costly three-year war against ISIS that coincided with a dip in oil prices.
Mr Allaq said the central bank reprinted new bills to replace the soaked ones but, since the money had not been in circulation, the only real "loss" was the cost of printing.
His comments however did not reassure Iraqi politicians that attended the six-hour parliamentary session. A number of lawmakers requested evidence and data confirmation that the damaged was caused by water from heavy rainfall.
"The information that was presented to us indicates that the damaged currency is 12 billion Iraqi dinars, not seven billion," Ahmad Hama Rashid, a member of the Iraqi parliament's finance committee said.
Mr Rashid said during the next parliamentary session Mr Allaq will be questioned and will have to provide solid evidence to the cabinet.
Former politican, Hanan Al Fatlawi, called on Prime Minister Adel Abdul Mahdi to hold Mr Allaq accountable for the loss of funds.
"The Central Bank governor and director of Rafidain Bank need to be held accountable for negligence," Ms Al Fatlawi said on Twitter.
According to parliament, corruption, shell companies an "phantom" public employees who receive salaries but do not work have cost Iraq the equivalent of $228 billion dollars since 2003. The figure is more than Iraq's gross domestic product and nearly double the annual budget.
Iraq is ranked 169 out of 180 countries in Transparency International’s corruption perception index, with the lowest state being the most corrupt.
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4 minutes ago, 6ly410 said:
He wasn't concerned about the new restrictions on the dollar; deals could be made in Iraqi dinar, he said.
Yeah that's what I've been picking up over these Iraq, Iran articles we've been seeing. And the people of Iran using Iraqi Dinar also.
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Seems like the whole country of Iran will be using Iraqi Dinar soon.
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https://www.foxnews.com/world/iran-feeling-sanctions-bite-looks-for-outlet-in-iraq
Iran, feeling sanctions bite, looks for outlet in Iraq
By QASSIM ABDUL-ZAHRA and PHILIP ISSA | Associated PressBAGHDAD – At this year's Baghdad International Fair, Iranian businessmen displayed thick, colorful Persian rugs to impressed onlookers while others showcased the latest in Iranian manufacturing in power generators and industrial tools.
For Iranian companies, the annual Baghdad International Fair is a major event, as exporters in carpets, foodstuffs and heavy equipment look to score sales in Iraq's import-dependent economy.
But this year's edition, running this week, is an even bigger deal than usual: Iran, already feeling the bite of newly re-imposed unilateral U.S. sanctions, is turning to its neighbor to soak up its exports in agriculture, manufacturing and energy.
Ambassador Iraj Masjedi promised Iran would grow its already flourishing trade with Iraq. The sanctions, he said, "will not affect the relations between the two countries."
President Donald Trump pulled the U.S. out of the 2015 nuclear deal that Iran struck with world powers in May. United Nations monitors say Iran still abides by the deal, in which it agreed to limit its uranium enrichment in return for the lifting of international sanctions.
Since then, Trump announced what he billed the "toughest ever" sanctions regime against Iran and the country has seen its oil exports crash and its currency lose more than half its value. The full brunt of the measures came into effect Nov. 5 when the U.S. re-imposed oil and banking sanctions.
However, other major economies including Europe, Russia and China have refused to take parallel measures, and Iran can still do business with the outside world.
Iraq is Iran's second largest export market. Since 2003, when the U.S. invasion plunged the country into civil war, Iraq has depended on Iran for everything from food to machinery, to electricity and natural gas.
Masjedi boasted that trade between the two countries was on track to reach $8.5 billion this year and said Iran's outlook is to reach $22 billion annually -- more than triple its $7 billion in volume in 2017. He did not give specifics.
Non-American companies are free to do business with Iran, so long as they do not also do business with the U.S., or through U.S. financial institutions.
"We will not tie ourselves to the dollar," said Masjedi.
More than 60 Iranian companies are represented at the Baghdad fair, which runs until Nov. 19.
Mir Zad, director of Hisam, which sells generators and other electrical equipment, said he was aiming to secure deals worth around $1 million at the fair. He wasn't concerned about the new restrictions on the dollar; deals could be made in Iraqi dinar, he said.
Still, a substantial portion of trade between the two nations is done in energy and cannot easily be structured outside the new sanctions regime.
It puts Iraq in a delicate position as a partner of both Washington and Tehran.
With its electricity sector in tatters, Iraq depends on Iranian gas and power generation to power its economy. A temporary electricity reduction last summer fueled unrest in Iraq's southern provinces.
The U.S. Embassy in Baghdad last Thursday announced it was granting Iraq a 45-day waiver to allow it to continue to purchase gas and electricity in Iraq.
It said the exception would give Iraq time to "take steps toward energy independence."
But it could take a year or longer to secure enough new power to make up for lost imports, said economist Bassim Jameel Antwan.
In the meantime, Iraq may have little choice but to continue to import from Iran. And Iran's deep entanglement in Iraq's political and military affairs further complicates the picture.
Iran has the ear of several of Iraq's top politicians and trains, finances and advises some of the largest militias in the country. While it is precisely this sort of influence the U.S. is aiming to curb, Iran can still play the role of spoiler in Iraqi politics.
"You plan for one thing, and the result might be something else," said Antwan.
Since May, Iran's currency the rial has sank in the black market from 60,000 to 140,000 to the dollar. Oil exports crashed from 2.5 million barrels per day in May to 1.85 billion in October and are expected to sink some more.
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Associated Press writer Amir Vahdat contributed from Tehran.
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Iraq to launch investigation into millions of dollars 'missing' from public bank
Central bank blames heavy rainfall for damaged bills, lawmakers request evidence
Ali Al Alaq, the Governor of the Central Bank of Iraq. (Photo: Antonie Robertson/The National)Iraq's parliament is expected to launch a probe to determine how $6 million worth of local currency stored in public bank coffers was damaged by heavy rain.
Central Bank Governor Ali Allaq appeared in front of lawmakers in parliament on Monday to answer questions on the case which dates back five years.
"At the end of 2013, the vaults of the Rafidain Bank were flooded because of huge rains at the time, damaging the bills that were stored there," Mr Allaq said, adding that they were worth around seven billion Iraqi dinars.
Lack of transparency and unreliable governance has been at the heart of Iraq's woes, made worse by the effects of a costly three-year war against ISIS that coincided with a dip in oil prices.
Mr Allaq said the central bank reprinted new bills to replace the soaked ones but, since the money had not been in circulation, the only real "loss" was the cost of printing.
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https://www.youtube.com/channel/UCPN4k9FS6723mxfP06S7KtA
Thought this page was pretty interesting, because if you look at all of the recent videos it's showing a bunch of clips of learning how to drive. Are they expecting a increase in people buying cars and driving 🤔
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Iraq's about to be filthy rich💰💵 And hopefully we will too🤞🏽
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5 minutes ago, DetroittoAZ said:
Would be amazing if they keep buying Iraqi Dinar🤞🏽
https://en.radiofarda.com/a/iran-iraqi-shoppers-tensions/29482163.html
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59 minutes ago, Butifldrm said:
A million visitors to the price of the Iraqi dinar against the Iranian currency
POSTED ON 2018-10-23 BY SOTALIRAQ
The huge number of Iranian visitors to Iraq has caused the exchange rate of the Iraqi dinar to rise within Iran.
Informed sources said that the Iranian banking markets adopted on Monday the price of 13 thousand Iranian Tummen for every thousand Iraqi dinars.
According to the new price, the difference between the two currencies exceeded 4 thousand Tumen, compared with the price of the Iranian currency against the Iraqi dinar markets of Kurdistan and the regions of the south and center, today recorded 8700 tomans per 1000 dinars.
About one million Iranian visitors will attend the 40th visit to Karbala next week.https://www.sotaliraq.com/2018/10/23/مليون-زائر-يلهبون-سعر-الدينار-العراقي/
Would be amazing if they keep buying Iraqi Dinar🤞🏽
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Wow that's massive😊
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Iranian official calls for negotiations with Washington in Iraq
in Iraq & Dinar Related News
Posted
Get that Dinar 🇮🇷 🤞