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I came across this article from another site that Dinarbeleiver posted, After reading it, I feel it's worth posting it in DinarVets as well since he is a member here too DB has spent hours and hours doing his research and putting this article together with that I have some requests to all DV members Especially to the ones who like to bash.. please refrain from bashing DB about this article.. you might not like what he wrote below but give him the benefit of the doubt and appreciate the time he spent writing the article. Unless you can write a similar report with all the links like what he did to say otherwise, please don't bash him. The article is rather long about 9 pages but it's something that will save us time from reading and researching all articles.. to all of you who like to research and read.. this is your short cut Whatever you want to call yourself in this dinar world: lopsters, nay sayers, dreamers, bashers, investors in dinar... we are all here for one thing.. our interest in dinar and with so many of us.. yes I realize we all have different opinions on what, when, why, how, should, could have been done with dinar. Yet, most of us are still here, tell me something.. and that .. we are still interested in our dinar Therefore, please don't be in a hurry to pass judgement or bash another member especially in the same site like DV.. no matter what you want to call yourself.. you are still in the family learn to play nice with the family before the rv.. because after the rv.. you will miss them when we all run to our destinations Here is the article Why I believe The Iraqi Dinar will revalue or gain value over time by Dinarbeleiver The aim of this report is to produce a compelling argument to explore why the IQD (Iraqi Dinar) may sky rocket in value. I invested in the IQD around 2006 due to the following reasons; The oil that Iraq posses, the gas Iraq posses and the gold and rare earth minerals that Iraq posses. I have a good knowledge of Chemistry in particular Organic chemistry. Organic Chemistry is basically the study of long chain polymers derived from crude oil. Most household items have an oil based substance within them in fact Oil is used for plastics, clothes, cars pretty much everything you can think off. I would go on to say without oil you do not have an economy that you see today. It is my belief that Oil is important to our everyday activities and without it we would be still be in the stone age. This is also why I believe the USA and the UK decided to invade Iraq to gain a regime change and make the environment of Iraq more favourable to western powers. The Iraqi dinar itself before the second war was about to be pegged to the euro and Saddam was trying to take the dinar away from the petrodollar- again another reason to invade Iraq. The USA and the UK have spent trillions on this war and both countries' economies have gone downhill as a result. I believe that Iraq will have to pay back the cost of the war and the USA and UK will be set to profit hugely from this war in cheap er oil and gas. Some people speculate that the USA federal reserve hold billions of dollars worth of IQD and there is a documented currency exchange that took place between Iraq and the USA when they attempted to keep the Iraqi economy going. There is no documented evidence however that the federal reserve holds Dinar however. This part is purely speculation. Since Chapter 7 sanctions release last July there have been a number of articles by the Iraqi press that appears to suggest the following for the IQD. 1) The IQD will be an international currency 2) Value will be added to the currency itself 3) possible rates between a dollar and three dollars 4) 2014 budget will contain the new rate 5) Members of parliament on Al-iraqiya TV stating the IQD is grossly undervalued I will now list a comprehensive amount of articles from the Iraqi Press and I will also produce dates and statements from Al-Iraqiya TV that back the 5 points above. Experts: Get rid of the seventh item provides investment environment for foreign companies http://almadapaper.net/ar/news/446971/%D8%AE%D8%A8%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%AA%D8%AE%D9%84%D8%B5-%D9%85%D9%86-%D8%A7%D9%84%D8%A8%D9%86%D8%AF-%D8%A7%D9%84%D8%B3%D8%A7%D8%A8%D8%B9--%D9%8A%D9%88%D9%81%D8%B1-%D8%A8%D9%8A%D8%A6%D8%A9- Economic parliamentary confirms that the standard of living of citizens is not commensurate with the country's wealth http://www.alrayy.com/86384.htm 130 billion dollars in 2014 budget http://www.alsabaah.iq/ArticleShow.aspx?ID=49460 High timid in the value of the dinar is accompanied by a decrease in demand for the dollar http://almadapaper.net/ar/news/447086/%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%AE%D8%AC%D9%88%D9%84-%D9%81%D9%8A-%D9%82%D9%8A%D9%85%D8%A9-%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D9%8A%D8%B1%D8%A7%D9%81%D9%82%D9%87-%D8%A7%D9%86%D8%AE%D9%81%D8%A7 Demand for IQD rises, signs of international circulation post chapter 7 http://www.iraqhurr.org/content/article/25037867.html CBI governor: Iraq's economic future will surprise his friends; Since chapter7, Iraq is open to all competitors wanting to invest in Iraq http://bit.ly/17ZmvIG Member of the Economic Committee: the Central Bank set a new rate of the Iraqi dinar against the dollar http://bit.ly/13CK76u The high value of the dinar 07/09/2013 12:00 AM 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. http://bit.ly/12U81bI I like the bit about a website in America trading the IQD since 2004 Exiting from chapter VII makes Iraqi dinar stronger Posted: July 10, 2013 in Iraqi Dinar/Politics Tags: Central bank, Central Bank Iraq, Chapter VII, Chapter VII of the United Nations Charter,Currency, Economic policy, Foreign exchange reserves, Iraq 09 Jul 2013 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 30 tons 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. http://bit.ly/18NsYcB Econ Commission Deputy: IQD has promising future, CBI is obliged to set a new rate Posted: July 12, 2013 in Iraqi Dinar/Politics Tags: Ali Salman, Central bank, Central Bank Iraq, Chapter VII, Chapter VII of the United Nations Charter, Iraq, Iraqi dinar, United States Senate Committee on Finance Citizen suffers from persistent volatility .. Economists: the central bank set a new price of the dinar against the dollar to maintain its strength Ali Salman – 07/11/2013 – 9:07 pm Observers expect in economic affairs that the Iraqi dinar has a promising future, especially after the exit from Chapter VII, so it requires the central bank to take bold steps to work on identifying a fixed price of the dinar against the dollar through the auction of currency to avoid volatility continued in the dinar exchange rate, as a student a member of the Economic Committee deputy parliamentary Mahma Khalil, the central bank set a new price of the Iraqi dinar against the dollar coin, there must be a real rate of the dinar. Khalil said: The political maintaining the currency and dinar Iraqi task of the central bank, and the signals that we observe globally and economically, that there is a future for dinars, adding: may not be the exchange rate of dinar against the dollar per (1300) or (1200) Iraqi dinars, because this Price is when the balance was $ 10 billion, and today the balance of Iraq’s sovereign (76) billion dollars. continued: political Central Bank to keep the bank is not correct, call the bank that there will be forces of Iraqi dinars, because what exists of the dinar, however, citizens of the Iraqi equivalent of the real price market, calling for the bank to invest the power of the dinar after the withdrawal of Iraq from Chapter VII, and today the central bank is obliged to be a new rate against the dollar. He pointed out: that, because all Aldaat entering Iraq in dollars, and must be no price true of the Iraqi dinar, because the strength of JD robust and powerful in terms of its total sovereign and economic strong addition to: that the Iraqi citizen suffers from the weakness of the Iraqi dinar against the dollar. Attributed the Finance Committee, the parliamentary fluctuating exchange rate of the Iraqi dinar against the dollar to influence brokers to buy and sell the dollar at the central bank auction, said the deputy in the Committee Abdul Hussein al-Yasiri said: «is supposed to be fixed price for the disposal of the local currency d si ب الاج ن ب ية etermined by the central bank through an auction sale of the currency. He pointed out: that «the rise in the exchange rate due to the presence markets first government and the other parallel is treated it through intermediaries had an impact in pulling dollar amounts sold to influence exchange rates». Wan «proper treatment will restore prices to the official price». That is a member of the Economic Committee in the Iraqi Parliament Abdul Salam al-Maliki, said earlier: that the Iraqi government direction to take urgent steps to strengthen the Iraqi dinar by turning the Iraqi market to a promising market. Even the Iraqi dinar is gaining force the Iraqi government will take urgent steps to transform the Iraqi market to a promising market », stressing: that« the Iraqi Central Bank is responsible for monetary policy and there is a tendency for the integration work between the Central Bank of Iraq and the Iraqi government. He added: »This approach is necessary after rid Iraq from Chapter VII, to be of the Iraqi dinar purchasing power big match dollar Azmat Economic Committee in the House of Representatives to raise this issue and will be appeals and communications to turn to state its presence in the international economic». Explained: « The plan central bank to raise zeros from the currency has existed for a long time has been discussed with officials at the bank several times with the Finance Committee in the Iraqi parliament has demanded the government to wait until you determine the right time ». between: that the time« come to start this project because of the withdrawal of Iraq from Chapter VII. witnessing the exchange rate of the Iraqi dinar against the U.S. dollar fluctuated from time to time depending on the political and economic conditions. http://bit.ly/15B8aBX Finance Committee Job Study Reveals an Future Exchange Rate Calculation Posted: July 13, 2013 in Iraqi Dinar/Politics Tags: Al-Bayati, al-Iraqiya, Finance Committee, Government, Iraqi dinar, Iraqi Media Network,Nouri al-Maliki, United States Senate Committee on Finance 70,000 jobs by 2014 13/7/13, 12: 00 am At the Finance Committee in the House of the number of jobs to be allocated in the budget for 2014 by 70 thousand degrees after adding 30,000 more, according to parliamentary sources for “News Center for Iraqi media network”. Committee member Hassan aozmn Al-Bayati: “budget next year will be a priority to install contracts, while there will be degrees of functional critical needs.” Prime Minister Nouri al-Maliki face that all Ministers installed in workers in ministries and State institutions and State owners give them priority appointment. Al-Bayati said in a statement with (News Centre for the Iraqi media network): the “budget revenues next year will be 83.63 trillion dinars, while the total expenditure will be 157.712 trillion dinars, will be 14 681 trillion dinar deficit as percentage of GDP, the deficit is estimated at 4.9 percent, while the price of crude oil source will be calculated on $ 90, with crude oil production volumes will be the source of 3.5 million barrels, while the dinar exchange rate against the dollar have calculated 1.16. in the meantime, the Committee expected Start-up of the federal public service Council next year. Committee member MP Faleh Sari Tariq confirmed to News Center “for the Iraqi media network:” If the composition of the Council is to vote on this year, it will start (the Council) the distribution of grades among applicants fairly. “ The names of the General Service Board lineup to Parliament by the Government recently. The Council aims to regulate public service and freed from politicization and vandalism, State institutions and building a foundation for its development work in government departments, and develop rules and proper foundations and securing justice, impartiality and efficiency standards in appointment and reappointment, promotion, and implementation of article 107 of the Constitution. http://bit.ly/14PWfiA == Alternate Translation: 70 thousand degrees and careers through 2014 13/07/2013 12:00 AM Estimates of the Finance Committee in the House of Representatives the number of grades that will be allocated within the budget of the year 2014 by 70 thousand degrees after the addition of 30 thousand degrees, according to parliamentary sources for “Center Brief for the Iraqi Media Network.” A member of the Committee Hassan Bayati Auzmn: “The budget next year will be the priority in which to install contracts, while there will be degrees of functional as important needs.” It is said that Prime Minister Nuri al-Maliki, the face of the need to minister’s commitment to all installed as contract workers in ministries and state institutions on the permanent state owners and give them priority appointment. He said al-Bayati said in a statement singled out by the (Center Brief for the Iraqi Media Network): “The total revenue budget next year would be 143.31 trillion dinars, while the total expenditures will be 157.712 trillion dinars, in what would be the amount of the deficit 14.681 trillion dinars The deficit ratio of GDP is estimated at by 4.9 percent, while the price of crude oil will be calculated on the source of $ 90, what would be the production quantities of crude oil exported 3.5 million barrels, while the exchange rate of the dinar against the dollar was calculated at 1.16. in the meantime, the Committee expected to start the work of the General Service Board Federal next year. Committee member Rep. Faleh Sari Djiashi, confirmed for “Center Brief for the Iraqi Media Network”: that “if the selection was voted on the Council this year, will start (the Board) the distribution of grades among applicants fairly.” It is said that the names of a Public Service Council and Parliament reached by the government recently. The Council aims to regulate the affairs of public office and freed from politicization and vandalism, and build a state of institutions and the formation of Foundation mission is the development of work in government departments, and the development of rules and principles of sound and secure justice and impartiality, and to ensure efficiency standards in recruitment and re-recruitment, promotion and application of Article 107 of the Constitution. http://bit.ly/10Tboz4 Economist criticizes CBI and its lack of confidence in it currency; Suggests monetary policy go to a modern market mechanism Posted: July 18, 2013 in Iraqi Dinar/Politics Tags: Abdel Basset Turki, Central bank, Central Bank Iraq, Currency, exchange rate, Iraq, Iraqi dinar, Khandan Economist: Central Bank’s lack of confidence leads to the fluctuation of the exchange rate of the dinar against foreign currency 04:59:18 / 07/2013 warned, an economist specializing in monetary policy and the development of the continued fluctuation of the Iraqi dinar against foreign currency Ntihh mistrust policies of the Central Bank of Iraq and the worsening political crisis in the country, as called for retrieval of trust between the banking sector and public sector. said Suri said in a statement singled out by the reporter, “Khandan”, said: “banker Rasheed and Rafidain government to Aimknhma control of the Iraqi dinar exchange rate against the U.S. dollar for many reasons,” adding that “the fluctuation of the exchange rate of the local currency is directly related to a lack of confidence and economic shocks suffered by Iraq recently, as well as local market need and private banks to foreign currency. “ and the figurehead that “the decline in rates stabilize the Iraqi dinar lies in the political interference in the political central bank and currency market as well as the political crisis worsening and the control of mafias big in buying and selling the currency of the central bank auction,” adding that ” are closely related in Iraq between the capital market and political crises and the security situation. “ said Suri that “Iraq is living the political crisis stifling years ago, as well as the central bank is suffering from a lack of confidence in the currency market because of political interference and dismiss Shabibi bank governor and former suspicions of financial corruption raised time ago. “ and called Suri to “revive the confidence between the financial sector and public sectors, which is the only solution to stabilize the market, the local currency in Iraq, as well as go to market mechanisms money modern and opening up more to the private sector.” This has been attributed Finance Committee parliamentary fluctuation Iraqi dinar against the dollar to the influence of intermediaries on the operations of buying and selling the dollar in the central bank auction. witnessing the exchange rate of the Iraqi dinar against the U.S. dollar fluctuated from time to time by (3-6) degrees. was the Federal Council of Ministers decided on 16 of the month of October of the last year mandated Abdul Basit Turki for the management of the central bank rather than Shabibi that the Integrity Commission issued an order to arrest him, in addition to 16 other officials, including Deputy Governor appearance of Mohammed Saleh various charges. http://bit.ly/1aUAi7X Editorial critical of monetary policies; Says revive goal to bring IQD equal to USD, goal not far away Posted: July 21, 2013 in Iraqi Dinar/Politics Tags: Abdel Basset Turki, Central bank, Economy of Iraq, exchange rate, Iraq, Iraqi dinar, List of banks in Iraq, Private bank Editorial: Are prevail dinar currency Really? 07/21/2013 12:00 AM Yasser incumbent succeeded Association of Iraqi private banks in Iraq to pull the rug out from under those who tried to harm the reputation of banks Iraqi special purpose Aobdon inadvertently untapped opportunity crisis, the central bank and its repercussions, which dropped بتبعيتها the new administration culminated in creating a gap between them and the banks are confused reforms, the new and make it wandering in Aqrarart and swift action to be overlooked. were economic morning has dealt with the crisis contrived calmly and was keen to clear the atmosphere and make the path of reform and processors are going in full swing after that acknowledged the central bank governor Abdul Basit Turki at the time that a lot of votes that drew criticism of the monetary policy come from non-owners jurisdiction rendering the insult to injury and said we hear proposals from owners of expertise and competence of economists فاستثمرت economic morning this view and entered initiative called through central hear the opinion of private banks procedures before they are imposed or approval and knowledge of the possibility of implementation of whether or not that is dealing with the banks on the grounds that Shepherd has been the response of the central thankfully taking this proposal culminated things to bridge the gap and the return of the proper relationship what led to the successes recorded to a central processing bottleneck exchange market Iraqi Tzbzbath Here is the dollar fails due to inclusion. but new on the subject from my perspective as an observer that this developments managed bond investment to sit at the table working breakfast with the participation of all government and private banks and turned the meeting to assess a broad and large two policies of monetary and fiscal reach conferees to convictions of the importance of joint action and create partnerships targeted between the government and private banks were issued from the platform session proposals lead to a real contribution to the development and economic reform required. should be noted that the recent successes Association was the result the role played by a member of the Association Handal and arm Shirvan in to pick up the role of the Association in coordination with the President Chalabi and CEO Goldfinch Falt results to be corrected in the target. has managed these national efforts restore power to the Iraqi dinar to ي ت س يد currency and our hope large policy of the new administration of the Central Bank and in cooperation with banks to return to the chart that was drawn by the old administration in the delivery of the dollar exchange rate to 100 dinars, offset by $ 100 as a target gradually Aln crisis, which provoked the timely and regional conditions have prevented the goal wiping Atarepettzbzbat continuous deported to achieve goal, and now ترتسم front of me a clear picture to revive this goal through such constructive cooperation to become the value of the Iraqi dinar equivalent U.S. dollars and this goal is not far away if we let the owners of jurisdiction working together without confuse statements are not a competent by some. these dreams may seem difficult to achieve, but I tell if accompanied by our actions selfless This is not بالصعب We hope a large private banks and government to follow the procedures for the central bank and executed via discussed together and to other successes in order to achieve the target because the Iraqi economy is strong and pick it used to be Tiger’s seventh potential large in Iraq and that you need to manage a sound and efficient This is not Besab Obaid of reach. http://bit.ly/1b4SYC3 Finance Committee Member: IQD exchange rate will see significant improvement against USD Posted: July 21, 2013 in Iraqi Dinar/Politics Tags: Baghdad, Central bank, Central Bank Iraq, Chapter VII of the United Nations Charter,exchange rate, Iraq, Iraqi dinar, News agency 21-07-2013 01:07 PM Baghdad (newsletter). Anticipating Financial Committee member MP/Kurdistan blocs Coalition/Jimmy, Iraqi dinar exchange rate improved significantly against the US dollar after the action taken by the Central Bank of Iraq and of the provisions of Chapter VII. He said capable (News Agency): that the Central Bank would take new procedures and controls which supports the stability of the Iraqi dinar exchange rate against the US dollar, which would be a correction of errors that occurred during the past period and the Bank that led to the relatively low price of the dinar. He added: the departure of Iraq from Chapter VII of the UN contribute significantly to support the dinar exchange rate because it will stimulate trade and economic movement of the country with various countries of the world so it will reflect positively on the dinar exchange rate against foreign currencies. The Central Bank announced its intention to adopt new procedures and controls for the sale of hard currency to support and stabilize the Iraqi dinar exchange rate against the US dollar. Saw the Iraqi dinar exchange rate sharply in the past months, born great confusion in the local market. http://bit.ly/19bGEhM New controls to stabilize exchange rate of IQD; CH VII lift will reflect positively on exchange rate Posted: July 22, 2013 in Iraqi Dinar/Politics Tags: Central bank, Chapter VII of the United Nations Charter, exchange rate, Iraq, Iraqi dinar,United Nation, United States dollar, United States Senate Committee on Finance | On 2013-07-22 A member of the Finance Committee predicted Dler capable of improving the Iraqi dinar exchange rate and significantly against the U.S. dollar after the necessary measures taken by the central bank and out of Iraq from the provisions of Chapter VII. He said: “The Central Bank will take new measures and controls which supports the stability of the exchange rate of the Iraqi dinar against the U.S. dollar, where the correction of the errors will be signed by the Bank during the past period and that led to the low price of the Iraqi dinar.” He added: “The withdrawal of Iraq from Chapter VII of the UN and will contribute significantly to support the exchange rate of the dinar because it would stimulate trade and economic movement of the country with various countries of the world and therefore will reflect positively on the exchange rate of the dinar against the hard currencies.” The central bank announced its intention to take measures and new regulations for the sale of hard currency to support and stabilize the exchange rate of the Iraqi dinar against the U.S. dollar. And witnessed the exchange rate of the Iraqi dinar declined severely over the past few months, generating a great upheaval in the local market. http://bit.ly/12HuoOR Economists anticipate USD to fall in Iraq; Hope for $3.30 exchange as it was, although difficult to achieve Posted: July 23, 2013 in Iraqi Dinar/Politics Tags: Central bank, Chapter VII, Chapter VII of the United Nations Charter, Currency, exchange rate, Iraq, iraqi, Iraqi dinar | on 07/23/2013 Expected number of experts, finance and economy collapse of the dollar is not at the global level because he is still master of the currencies in most countries of the world but at the level of the exchange rate in Iraqi dinars, we hope for the return of Iraqi dinar exchange rate against 3.3 dollars as it was, but this dream difficult to achieve and fetched it is can be achieved in the light of the global variables but can be achieved to get equal to the price of any one dollar against the dinar . There are expectations for the possibility of the return of the power of the Iraqi dinar offer hope to achieve this dream, but what can we explain the exchange rate so in the country of its wealth earth-shattering, these expectations were built on perceptions of experts that Iraq would emerge and salvation from the provisions of Chapter VII but ستؤول to achieve reform and economic stability and to achieve the goals, all in forefront of the return of Iraqi dinar to the real strength of this vision and perceptions must be accompanied by better performance of denial and efficient administrations . It is said that the stability of exchange rates one of the most important means of achieving economic stability, the central bank and banks the responsibility for achieving the goal of price stability and the return of the real value of the Iraqi dinar to the dollar collapses fact in front of our national currency. http://bit.ly/136P3eb The opening of international banks (Citibank and ASC) will have positive economic impact Posted: July 24, 2013 in Iraqi Dinar/Politics Tags: Bank of America, Central Bank Iraq, Citigroup, Economy of Iraq, Iraq, iraqi, Rasheed Bank, World Bank Experts: the opening of branches of international banks have a positive economic impact See financial experts and bankers that the poor efficiency of local banks and not keep abreast of developments witnessed by the banking sector in the world to make way for international banks to open branches in the country, as revealed announcement bank Citigroup and American Standard Chartered, the British period, the last few years their intention to expand into the Iraqi market, what ت خ تزن ه Last of the great potential of the banking sector in this country, is that the experiences of some foreign banks in Iraq calls for caution to avoid some of the problems. A member of the Finance Committee in the House of Representatives Najiba Najib, said that “the country’s dependence on banks balance and with a global reputation, gives confidence to the big companies and paid for the work and investment, noting that after the withdrawal of Iraq from Chapter VII note there are a lot of companies and international banks seeking to have branches in Iraq to take advantage of the budget big country and they find themselves can achieve huge profits. said in her speech to the range, contrast, we need to support our sector banking entry through banks sober high reputation in terms of competence and experience to give it a motivation for investment companies to operate in the country better , “indicating that” it would strengthen the banking sector in Iraq and gives confidence to the major scientist to work and invest in the country. She explained, “We can not rely on our banks because they do not continue to suffer from delays and inefficiency of the country is need of development in all economic fields. For his part, banking expert Abdul Aziz Hassoun that the entry of these banks, investment market Iraqi impacts major economic plus it emphasizes the inefficiency of our banks. Said in a statement to the extent: that the local banks in Iraq are suffering from problems and disorders due to delays and inefficiency in some joints of its ” he said, adding “It was better during the last period that the development of its business and strengthen their financial and communications and beyond vulnerability and underdevelopment from which they suffer. And characterized the Iraqi market by low number of citizens who have bank accounts, allowing the banks a substantial margin to attract thousands of customers, particularly that the Iraqis are looking for a complete package of services ranging from current accounts to insurance services and mortgages, which are services not in the Iraqi market offers many them. However, the Iraqi banking sector suffers from obsolescence legislation governing him and the dominance of state-owned banks and poor infrastructure and a large number of obstacles that make the exercise of banking activity is not easy at all. He says a Western diplomat who asked not to be disclosed, “Iraq has the qualifications too large for the exercise of banking activity,” he said, refers مايانك owner branch manager of Citigroup in Jordan and Iraq that the bank sees in the Iraqi market a great opportunity, as it seeks to take advantage of the benefits issued foreign banks will enter into the country. The focus of Bank of America at the beginning of it to serve its customers browsing in Iraq, such as international oil companies operating in the oil sector south of the country, and in the long run will seek Citigroup to enter the field of commercial banking and retail (ie private individuals), but it did not announce a timetable for these steps . Citigroup economists expect that the volume of Iraq’s economy by 2050, two trillion dollars, which exceeds the current size of 15 times, roughly equivalent to the size of the Indian economy now And builds bank U.S. policy on upbeat outlook for Iraq, where he is expected economists they are working to become the number of Iraqis in 2050, some fifty million people and the economy of approximately size two trillion dollars, and the figure represents the last 15 times the value of the Iraqi economy now, and roughly equivalent to the size of the Indian economy at the moment. With the development of the banking sector in the future there is a need for all well-known banking services in Iraq, where the limited proportion of citizens have access to loans and insurance, credit cards, mortgages and other financial products. Despite the tone of optimism in an interview with the owner, there are major obstacles to the banking business in Iraq, before the announcement, Citigroup last month its intention to extend its activities to the country, the Bank of HSBC British had announced days earlier for selling its stake in Bank of Dar es Salaam in Iraq, The 70% share. And talks, diplomats and analysts for a number of major difficulties in the Iraqi banking sector, including the absence of modern legislation to pay Iraqis to confidence in the financial sector, and the banks are government Rasheed Bank and Rafidain banks dominate the field, which will reduce the incentive to innovate. According to estimates by the World Bank did not exceed the size of the loans sector in Iraq 10% of GDP in 2010, while the ratio stood at 55% in the rest of the Middle East http://bit.ly/18CrOBu The dollar is dying in Iraq Posted: July 25, 2013 in Iraqi Dinar/Politics Tags: Central bank, Chapter VII, Chapter VII of the United Nations Charter, exchange rate, Iraq,iraqi, Iraqi dinar, Private bank 23/07/2013 12:00 AM Yasser incumbent expectations of a number of experts, finance and economy collapse of the dollar is not at the global level because he is still master of the currencies in most countries of the world but مايهمنا at the level of the exchange rate in Iraqi dinars,we hope for the return of Iraqi dinar exchange rate against 3.3 dollars as it was, but this dream difficult to achieve and reach It is not possible to achieve in light of global variables but achievable to get into a price equal any one dollar against the dinar. dream second can be achieved gradually, if we have a good deal this spirit of cooperation between the central bank and private banks, while led this cooperation to control the volatility that has plagued Sarsrv dollar these days. Frouhah joint action and application instructions and procedures aimed at the central bank by private banks contributed to this done and required perpetuate this deal with crises and work in a spirit of team work one to achieve the common goal Alaoho achieve stability in the exchange rate in order to Aaneks on the performance of the Iraqi market trends in inflationary For اتحمد consequences. response informed by private banks and support for the crackdown of the central bank contributed to the reduction of the dollar exchange rate against the dinar and return to prices prevailing before the crisis, the central and its repercussions were measures to reduce prices by banks to less than planned contribution to stop the fluctuation in the exchange rate and continued measures reduction at the expense of profits of banks that the price reached to 1180 dinars last Saturday but emerged this time is a healthy phenomenon by banks are competing in the reduction where informed Gulf Bank hour to prepare this column yesterday cut a new rate of tiger one so sold since this day by 1179 dinars. thus permission requires dealing with this vital and important, and administration was the old central bank is trying to deliver Sarabv during the current year to 1,000 dinars, but the circumstances that engulfed بالمركزي prevented achieved, we see the possibility that the new administration to achieve the target if the pace of handling and dealing with banks for this style Upscale by the central bank. and there are indications require access to this price, which is not the last but followed by a reduction of new progressive as I said until we achieve equal Aotsawi the real value of the Iraqi dinar due to ot pleh dna elbaredisnoc si laitnetop sti dna ymonoce iqarI eht fo snoitacifilauq eht dna seicnerruc rehto ي ت س يد reach the exchange rate against JD dollars in phases expected to experts determined three years, subject to increase and decrease, respectively on the circumstances. that expectations about the possibility of the return of the power of the Iraqi dinar but brings hope to achieve this dream, but what can we explain the exchange rate so in a country wealth humbling, these expectations were built on perceptions of experts from the exit Iraq and the salvation of the provisions of Chapter VII but س تؤول to achieve reform and economic stability and to achieve the goals, all in the forefront of the return of Iraqi dinar to its real power and this vision and perceptions must be accompanied by better performance and denial of departments efficient. believe that the stability of exchange rates one of the most important means of achieving economic stability and Central Bank and the banks responsibility for achieving the goal of price stability and the return of the real value of the Iraqi dinar to the dollar collapses fact in front of our national currency. http://bit.ly/13GYRQm Based on upcoming budgets, IQD exchange rate approx $1.16; Committee members calls for CBI study Posted: July 30, 2013 in Iraqi Dinar/Politics Tags: Chapter VII of the United Nations Charter, Committee, exchange rate, Finance Committee, Gross domestic product, Iraq, Iraqi dinar, Jordanian dinar Finance Committee: 2016 budget will exceed 188 trillion dinars 30/07/2013 BAGHDAD / JD / .. announced the Finance Committee in the House of Representatives that the 2016 budget will be more than 188 trillion dinars. Committee member said Magda al-Tamimi told the reporter / JD / within the Committee prepared for the budgets of Iraq strategy for the years 2014, 2015 and 2016 to be identified last year’s budget up to 188 trillion and 188 billion dinars. It showed that the total expenditure will be up to 178 trillion and 316 billion, noting that specified for the deficit in 2016 would be around 10 trillion and 567 billion dinars, or 3 percent of GDP. And hinted Tamimi, he was awarded a price of a barrel of oil in 2016 up to 90 dollars per barrel, while the estimated quantities of oil production by 4.65 million barrels per day, noting that the exchange rate of the dollar will be up to 1.16 dinars per dollar. The Finance Committee has announced that the 2015 budget will be increased by 157 trillion and 285 billion dinars Said committee member Magda Tamimi in an earlier statement to the reporter / JD / he was forming a committee to prepare a budget strategy for the coming years, including the budget 2015 will be the total revenues have increased by 157 trillion and 285 billion dinars, while it will be the total expenditure of $ 168 trillion and 837 billion. She added that the deficit in the budget year will be mentioned by 11 trillion and 552 billion, noting that he will be calculated per barrel of oil at $ 90 in quantities of oil source is estimated at 3.85 million barrels per day. And alerted Tamimi that calculating the exchange rate of the dollar will be increased by 1.16 dinars, pointing out that the Commission had not received the report of a central location around the dinar exchange rate against the dollar, prompting the Commission to adopt the exchange rate on previous years and such a thing is not permitted at all. === Alternate translation: Baghdad/JD/…The Finance Committee in the Chamber of Deputies budget in 2016 will be more than 188 trillion dinars. The Committee Member said Majida Al-Tamimi told reporter/JD/that the Committee in preparing the budgets of Iraq strategy for years to 2014, 2015 and 2016 identified budget last year to be around 188 trillion and 188 billion dinars. The total expenditure would be around 178 trillion and 316 billion, referring to the deficit limit for 2016 will be around 10 trillion and 567 billion or 3 percent of GDP. Tamimi, indicated that the price of a barrel of oil was calculated for 2016, up to 90 dollars a barrel, while oil production quantities were estimated at 4 million and 650,000 barrels per day, noting that the exchange rate for the dollar would be around 1.16 Iraqi dinar to the dollar. The Finance Committee has announced that balance the 2015 would amount 157 trillion and 285 billion dinars The Committee Member said Majida Al-Tamimi told a former reporter/JD/Committee was formed for the preparation of the next strategic budgets including budget 2015 that total revenue would have increased by 157 trillion and 285 billion dinars, while the total expenditure would be increased by 168 trillion and 837 billion. She said the budget deficit would be 11 trillion and 552 billion, noting that it will be charged per barrel oil price of $ 90 oil quantities source estimated at 3 million 850 thousand barrels per day. Tamimi warned that calculating the exchange rate for the dollar would be increased by 1.16, noting that theCommittee had not received the report of the Central on the dinar exchange rate against the dollar, which hasprompted the Committee to adopt an exchange rate to previous years and such a thing is not at all. http://bit.ly/130jaFm Finance Committee Member: IQD will see significant improvement against international currencies during the coming period Posted: August 31, 2013 in Iraqi Dinar/Politics Tags: Baghdad, Central bank, Currency, exchange rate, Iraq, iraqi, Iraqi dinar, Money laundering Economic 31-08-2013 06:51 AM Baghdad (news) .. Said a member of the Finance Committee MP / coalition of Kurdish blocs / Dler able, for the assignment corporate banking and private banks accused of laundering money and smuggling currency over the past months to the judiciary for prosecution. Said is capable (of the Agency news): that the Iraqi dinar will see a significant improvement its price vs. international currencies, especially after the resort’s central bank to correct mistakes that occurred during the last period, which led to the low exchange rate of the dinar. Pointed to: that company mediates (banking) and private banks accused of laundering money and smuggling of foreign currency will be brought to justice for the purpose of trial and reduce repeat These phenomena, being harmful to the economy and the value of the dinar. said: that the central bank was able to over the last period of the rescue of the Iraqi dinar from degradation and to stabilize its price, stressing that the development of the dinar is much better than before and will see an improvement over the coming period. this Hkd saw the Iraqi dinar an unprecedented drop its price against the U.S. dollar during the past six months, as a result of the policy of the central bank at the time, and that on the track was the sacking of the central bank governor and his deputies, advisers and some general directors http://bit.ly/15swZMH Statements from Iraqi TV 6th august 2013 Analysts said the election of Iran's moderate president Hassan Rohani is likely to give a boost to the value of the Iraqi Dinar, in similar show of strength that the Iranian Riyal has witnessed recently. 9th August 2013 German companies are showing increased interest in participating in infrastructure projects in Iraq - A bloc of members of parliament is urging the ICB and the government to implement the IQD structuring project (elimination of 3 zeros) without delay; they expressed their strong belief that the Iraqi Dinar is extremely undervalued and that the Iraqi foreign currency reserves of $76 billion in addition to 30 tons of gold is a strong indicator. 19th August 2013 A member of the finance committee stated the Iraqi Dinar is undervalued and that the CBI is praised for its efforts in combatting money laundering-both factors are important in evaluating the Iraqi Dinar 1st October 2013 Members of the finance committee have stated tat the recent violence will not derail Iraqs recovery. They agree that the IQD is severely undervalued and once the violence subsides the CBI must take steps to re-evaluate the IQD. Conclusion I could add further statements from the broadcasts from Al-iraqiya TV station that suppot the idea that the IQD is grossly undervalued. Baghdad invest I hope you will do this report some justice. Dinarck, Networth, Imposter, Shaker I look forward to debating you guys on Baghdad invest References Dinar Alert Dinar vets Currency newshound Al-iraqiya TV Kurd sat TV Various Iraqi media sites