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CNN. Broadcasting While Performing An Epileptic Rooster Strut Like Mick Jagger ! BondLady] I'd like to show you all an interesting article that Shaun sent me and ty Shaun Qatari Riyal ..Between the dollar peg or switching to a basket of curriences, global 16 June 2013 East Gate - achieving - Mohammed students: Confirmed the bankers and businessmen that the strength of the Qatari economy and growth rates enjoyed by large supports changing policy of linking the riyal to the U.S. dollar and tie a basket ofglobal currencies especially the euro and the Japanese yen and the pound sterling at a later stage the Chinese yuan .. They stressed that linking the riyal and the single currency is the dollar displays the local economy to the risk of instability in the dollar exchange rate, whether down or up in addition to inflation is unjustified and without real reasons for high prices .. ... He called experts Qatar Central Bank to change this policy unfair Qatari Riyals under revenue huge achieved by the Qatari economy, pointing out that the current time is appropriate to shift to linking the Qatari riyal a basket of major currencies to achieve balance, which contributes to more stability to the local economy and the stability of prices of goods and services whose price rises because of the dollar and not by supply and demand factors .. They stressed the possibility of disengagement between the riyal and the dollar gradually phased specific and Qatar on the verge of an expected increase in imports to meet the needs of future projects, the World Cup and the large projected increase in the number of arrivals to the implementation of these projects and what they need from goods and services in all sectors .. His Excellency Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper, but made clear that the bank is not currently considering any change. On the economic conditions that Qatar favorable to study change its own currency, said "In light of the increasing integration in international trade, services and asset markets may become a high degree of flexibility in the exchange rate more favorable to ensure external stability and competitiveness of our exports at the international level." "The addition of our financial markets will have to expand and further development in order to provide the appropriate tools to hedge risks within an environment more flexible exchange rates." LINK [bondLady] Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper, but made clear that the bank is not currently considering any change. [bondLady] so when iraq becomes less dependant on oil and they are doing that right now, then they will change the monetary policy too? [bondLady] ********Confirmed the bankers and businessmen that the strength of the Qatari economy and growth rates enjoyed by large supports changing policy of linking the riyal to the U.S. dollar and tie a basket ofglobal currencies especially the euro and the Japanese yen and the pound sterling at a later stage the Chinese yuan ******************* BondLady] Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper,************** [bondLady] a few years back when shabibi was talking remember I've told yall he said at some point he would peg the dinar to the yen and other currencies in that basket and he wanted to become a donar country when they deversified from just oil and built the private sector and economy ? [therealbubbie] BondLady yes [bondLady] remember all the things I've taught you through the last 4 plus years and what you all and us together have learned, this is what iraq is doing now [bondLady] Qatar is just now thinking bout it "qatar central bank.... "but made clear that the bank is not currently considering any change. [bondLady] but imo iraq is and soon, they already moved towards the free market and they are doing their own stuff too like cement, copper, phosphorus lots and lots, agriculture and dairy, livestock [shredd] marshes producing too [bondLady] yeppers and lets not forget their most valuable next to oil is their heritage and history and antiques, pilgrimages all through out the year to iraq. [shredd] all the underpinnings a strong emerging economy needs [bondLady] shabibi said the private sector and the economy is what would build a strong dinar rate, as strong as it already is removing them from chapter 7 brings out their party clothes [shredd] yes! and exports will pick up resulting in tax revenue. BondLady investment will pour in once chap 7 is removed totally CHAPTER VII: ACTION WITH RESPECT TO THREATS TO THE PEACE, BREACHES OF THE PEACE, AND ACTS OF AGGRESSION [bondLady] u betcha [shredd] that says to investors: they still have progress to be made before we invest but once that is gone, they are head and shoulders with peers [bondLady] and compete with anyone then [shredd] yes. "[iraq] would return to the international stature prestigious...and converts it to an active member of the United United will have the freedom to practice its activities in the world." [tlm724] imo removal from chapter 7, which I truly believe will happen on the 27th , this action in its self will open the flood gates for Iraq, their infrastructure will grow well beyond their aspirations with the influx of investors and the world as a whole will come in with guns loaded [shredd] tlm724 yes and as investent goes, it will pick up quick the faster they do the greater chance for gains and less competition [lightingcslt] tlm724 I beleive they doing that right now [tlm724] lightingcslt what we see now is the just the tip of the iceburg [bondLady] agreed timmy [shredd] .....a stamp of approval of the UN saying Iraq has the freedom to practice its activities in the world like everyone else does [bondLady] the beginning of iraq getting their picture on the cover of the rollin stones with that lil bubbies, hit the big time [tlm724] we already know most of the sanctions were lifted from iraq and the UN chapter 6 allows Iraq to do their own negotiations whether it is internal or external with UN just watching instead of interceding [shredd] yes economic maturity and freedom [lightingcslt] tlm724 oh I agree I'm just saying they have been getting ready for this behind the scenes [tlm724] lightingcslt right ! [shredd ] I agree lighters, they'd have too, a big move, investment opportunity preparations too imo [player46] Qatar is the richest country in the world I believe [shredd] Qatar is a hot bed of investment now [player46] yes [shredd] heck, i'd take 28 cents! [player46] yes me too.. a very good start.. I think Iraq will by-pass Qatar in the future as far as wealth is concerned and nice company for Iraq to keep... they are like peas and carrots... [shredd] yes, they will be the strongest in the ME [bondLady] can someone please show the current exchange rate for Qatar and surrounding countries, like the GCC countries maybe [player46] Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates [player46] they all look close 1.00 BHD = 2.65182 USD Bahraini Dinar ↔ US Dollar 1 BHD = 2.65182 USD 1 USD = 0.377099 BHD Qatari Riyal ↔ US Dollar 1 QAR = 0.274620 USD 1 USD = 3.64140 QAR 1.00 KWD = 3.53108 USD Kuwaiti Dinar ↔ US Dollar 1 KWD = 3.53108 USD 1 USD = 0.283200 KWD 1.00 OMR = 2.59673 USD Omani Rial ↔ US Dollar 1 OMR = 2.59673 USD 1 USD = 0.385100 OMR 1.00 SAR = 0.266624 USD Saudi Arabian Riyal ↔ US Dollar 1 SAR = 0.266624 USD 1 USD = 3.75060 SAR 1.00 AED = 0.272253 USD Emirati Dirham ↔ US Dollar 1 AED = 0.272253 USD 1 USD = 3.67305 AED ok all you math peeps.. compare and report... [shredd] .37cents 3.64 .28 cents .38 cents 3.76 3.67 those are the dollar sides [player46] so Iraq needs to fit in there somewhere.. ty Shredd, so Qatar is .37 cents? [shredd] well, 37 cents is quite a bit away from 3.76 but yes, somewhere [shredd] Bahrain - 37 cents. Qatar 3.64 [player46] oh ok ty.. [shredd] so on... I did them in the order you have [player46] Qatar is the richest country in the world I believe [shredd] Qatar is a hot bed of investment now [player46] yes [shredd] heck, i'd take 28 cents! [player46] yes me too.. a very good start... I think Iraq will by-pass Qatar in the future as far as wealth is concerned, nice company for Iraq to keep... they are like peas and carrots... [shredd] yes, they will be the strongest in the ME [bondLady] Iraq launches a strategic economic plan [bondLady] Iraqi lawmakers have questioned and experts in the country's ability to implement a strategic economic plans implementation takes less than two decades, Aazin the reasons for the lack of political awareness, which will be in the way of continuing to implement the plan, if the current government changed. Iraq announced the launch of the National Strategic Plan for Integrated Energy (2013 -2030) will hopefully provide tens of thousands of jobs, and building ports to raise the country's export capacity to six million barrels of oil per day. Deputy Prime Minister for Energy, Hussain al-Shahristani «actually started the implementation of the national plan stages integrated national strategy, according to a schedule from 2013 to 2030 ... Iraq will shift in the next twenty years of dependence on oil to rely on the economy to raise the standard of living of citizens. He added: «can not rely solely on the production and export of oil must build an integrated plan for manufacturing instead of importing these products, and announced« giant sign contracts and memoranda of understanding with ten insurance companies to 15 thousand MW electricity. The ministries called «the implementation of the plan, both within its jurisdiction and timing, and pointed out that it would make the Iraqi industry sophisticated global level for the chemical industry ', and that' there are contracts to build new refineries and companies were invited to submit bids. New gas company It was announced that «Iraq also signed a contract to establish a new company for gas and committed the oil companies not to burn gas lieutenant to extract the oil, but investment», and pointed out that «Iraq has a plan to build new pipelines and construction of ports of export to be Iraqi ports able to export six million barrels of oil a day year next ». Shahristani said that «the four licensing rounds conducted by the Iraq earlier produced 12 oil contracts, stressing that« the fifth round of licenses to be held before the end of the year. In this area, the representative of 'World Bank' in Iraq, Simon Stolb, during a party the launch of the National Strategic Plan of integrated energy that «the World Bank will support Iraq to implement this strategy, which is ready to assist technically and financially. And saw oil expert government, Hamza Jeweler, on the sidelines of the ceremony in a statement to «life», that the three ministries «started preparing for this strategy since mid-2011, the oil and electricity industry, but its implementation and success require the support of other ministries, because the factors of success does not lie masterly in execution only, but what we need most is to increase political awareness. http://alhayat.com/Details/524306 [bondLady] thanks everyone , good chat