Dinar News NO PLANS TO MAKE IQD 100 = $1 - CBI (released today March 03)

[dinarded]

No plans to make ID1000 = $1 – CBI

March 3, 2010 - 05:01:06

BAGHDAD / Aswat al-Iraq: There are no plans to make the exchange rate of ID1,000 equal to $1, Central Bank of Iraq (CBI) said on Wednesday.

“Iraq’s currency policies are far from such decisions,” the CBI said in a release received by Aswat al-Iraq news agency.

The CBI said that the current exchange rate, ID1,170 = $1, is balanced, stable, and can be preserved through Iraq’s foreign currency reservoir of $43 billion.

http://en.aswataliraq.info/?p=127953

[jackdavis1364]

If I only read Arabic I might be able to see what this said. if you have an english or German version that would be good for me. Thanks

When I clicked on, it was in arabic. There is a box that says "translate" on mine. Look again and see if you have that box at the top.

[DmsC]

No plans to make ID1000 = $1 – CBI

March 3, 2010 - 05:01:06

BAGHDAD / Aswat al-Iraq: There are no plans to make the exchange rate of ID1,000 equal to $1, Central Bank of Iraq (CBI) said on Wednesday.

“Iraq’s currency policies are far from such decisions,” the CBI said in a release received by Aswat al-Iraq news agency.

The CBI said that the current exchange rate, ID1,170 = $1, is balanced, stable, and can be preserved through Iraq’s foreign currency reservoir of $43 billion.

MH (P)/SR

http://en.aswataliraq.info/

I could be wrong and if I am I'm sorry, but didn't Shabi or whatever his name just say this about 2 days ago? Just thinking it is nice to see the same article from 2 or 3 sources over and over like the one that says 3 zeros dropping from currency that likes to come up over and over.

Thanks for posting it though in English form on the thread

[igniteassoc]

Well then if the CBI denied it then it must be NOT happening.........I believe everything I read on the news. And if it WERE happening, you have a pea for a brain if you think they would confirm it.

[tzsbwn]

Didn't China put out something like this 2 days before they RV'd. I think we are really close.

[DmsC]

When I clicked on, it was in arabic. There is a box that says "translate" on mine. Look again and see if you have that box at the top.

Wasn't there but it is also on the DEBUNKED !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! thread and again it is says the same thing that was said a few days ago. So nothing really new on the info but this is the CBI insterad of the CBI governor shabi or what ever his name was that was on that article.

[jackdavis1364]

No plans to make ID1000 = $1 – CBI

March 3, 2010 - 05:01:06

BAGHDAD / Aswat al-Iraq: There are no plans to make the exchange rate of ID1,000 equal to $1, Central Bank of Iraq (CBI) said on Wednesday.

“Iraq’s currency policies are far from such decisions,” the CBI said in a release received by Aswat al-Iraq news agency.

The CBI said that the current exchange rate, ID1,170 = $1, is balanced, stable, and can be preserved through Iraq’s foreign currency reservoir of $43 billion.

http://en.aswataliraq.info/?p=127953

You left off this part: "making the dollar worth a thousand dinars in the month of June next year". That would be June 2011. He didn't say he wouldn't do it this year.

[DmsC]

Could be don't know since I wasn't watching China and haven't gone to pull press releases, might see if I can now though would be interesting to see for sure.

[tzsbwn]

I believe China put out something very similar to this 2 days before they rv'd.

[Rebel1]

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.baghdadtimes.net/Arabic/index.php?sid%3D58968&rurl=translate.google.com

Financial sources familiar with the "home" for the restoration of the Iraqi Central Bank to more than $ 10 billion and deposits from the former regime seized in international banks,

وهناك مساع لاستعادة أموالا اخرى من قيمة عقود وصفقات ابرمها نظام صدام حسين ولم يستكملها بعد حربه لغزو دولة الكويت عام 1990 . There are efforts to restore the funds other than the value of contracts and deals signed under Saddam Hussein's regime was supplemented after the war for the invasion of Kuwait in 1990.

وأشارت مصادر مالية مطلعة ل" الوطن" ان كتلة الائتلاف العراقي الموحد التي رشحت بيان جبر الزبيدي لرئاسة الوزارة المقبلة بعد الانتخابات ، تراهن على الكشف عن هذه المعلومات التي وصفتها بالقيمة لرفع رصيد الائتلاف الوطني العراقي الانتخابية، لاسيما مع تأكيدات البنك المركزي العراقي بدراسة رفع قيمة الدينار العراقي عن طريق حذف 3 اصفار من قيمته الاسمية الحالية، ومعادلة الدولار الأميركي بدينار عراقي واحد. The financial sources familiar with "Al-Watan that" the United Iraqi Alliance bloc that nominated Bayan Jabr Zubaidi the next prime minister after the election, betting on the disclosure of such information described terms to augment the Iraqi National Coalition election, especially with the assurances of the Iraqi Central Bank study revalue Iraqi by deleting the 3 zeros from the nominal value of the current, and the U.S. dollar equivalent of one Iraqi dinar.

واكد مظهر محمد صالح مستشار البنك المركزي ان مشروع رفع الاصفرار من العملة الذي روجت له الحكومة في 2007 " يطبخه البنك المركزي على نار هادئة" وتوقع أن تشهد نهاية 2010 او بداية 2011 تطورا بشأن المشروع". He said the appearance of Mohammed Salih, adviser to the central bank raising project yellowing of the currency promoted by the government in 2007, "Central Bank Itboukh on the backburner" and expected to see the end of 2010 or early 2011 on the development project. "

في غضون ذلك، يستمر البنك المركزي في سياسة تثبيت سعر صرف الدينار أمام الدولار، وعلمت " الوطن" ان البنك المركزي يسعى لرفع قيمة الدينار العراقي من 1180 دينار لكل دولار اميركي الى 1000 دينار لكل دولار اميركي، في حدود شهر يونيو المقبل، وحول مدى تعارض هذه السياسة مع سياسة الاصلاح الاقتصادي التي يتبعها العراق منذ 2003 ويعتبر التثبيت بموجبها خروجا عن مبادئ الرأسمالية القاضية بحرية تحرير أسعار الصرف، قال مستشار البنك المركزي ان " العراق يمر بمرحلة انتقالية نحو اقتصاد السوق ومن اهداف البنك المركزي التي عمل على تحقيقها استقرار سعر صرف الدينار بعدما كان تذبذبه يشكل هاجسا للمواطن". In the meantime, the central bank will continue the policy of stabilizing the exchange rate of the dinar against the dollar, "Al-Watan" that the central bank seeks to raise the value of the Iraqi dinar of 1180 dinars per U.S. dollar to 1000 dinars per U.S. dollars, within the month of June, and on the extent of conflict this policy with the policy of economic reform, followed by Iraq since 2003, under which the installation is a departure from the principles of capitalism Judge freely exchange rate liberalization, the central bank adviser said that "Iraq is in transition toward a market economy as it targets the central bank has worked to achieve the stability of the dinar exchange rate after The fluctuation is a concern for the citizen. "

وفي رده على اتهام المركزي بمسؤوليته عن ارتفاع التضخم على الرغم من سياسة التثبيت التي يتبعها،اشار صالح أن "المركزي ليس معنيا بتخفيض الاسعار في السوق بل هو مسؤول عن المستوى العام للأسعار، والتضخم انحسر في البلاد ودخل لاول مرة مرتبة عشرية واحدة وهي 6% بعدما كان 60% علما انه لا توجد في العالم سلسلة سعرية تعود الى الوراء لكن المهم ان تكون ارتفاعات الاسعار مسيطرا عليها". In response to the indictment of the central responsibility of rising inflation, despite the policy followed by the installation, Saleh said that "the Central is not interested in lower prices in the marketplace but is responsible for the overall level of prices, and inflation declined in the country and income for the first time arranged to one decimal place, a 6% after was 60% even though there is no price in the world series back to back, but important that the price hikes under control. "

من جانبها، قالت الخبيرة الاقتصادية الدكتورة سلام سميسم ل"الوطن" ان هذه المعلومات المسربة من مصادر قريبة من البنك المركزي العراقي يمكن ان تضع الامور في موازين مغايرة و مختلفة، واعتبرت قدرة البنك المركزي على استعادة هذه الاموال الكبيرة من البنوك الدولية، يضع كل المطالبين بالتدخل في السياسية النقدية ، التي تجدها حصرا من اختصاص البنك المركزي،لاسيما وان الكثير من المستشارين الاقتصاديين في الحكومة العراقية طالبوا بالاقتراض من ودائع العراق المالية في البنك المركزي لسد العجز في الموازنة العامة للحكومة ، وقالت سيمسيم لابد ان" تتوقف مثل هذه المطالبات عند حد معين دون التطاول على صلاحيات السلطات النقدية ". For its part, said an economic expert, Dr. Peace Smeisim for "home," said the leaked information from sources close to the Central Bank of Iraq can put things in different scales and different, and is considered central bank's ability to retrieve these funds from large international banks, each claimant to intervene in monetary policy, which it is exclusively the prerogative of the central bank, particularly because a lot of economic advisers in the Iraqi government demanded to borrow from Iraq's financial deposits at the central bank to cover the deficit in the general budget of the government, said Simasim must "stop such claims at a certain without encroachment on the powers of the monetary authorities. "

وشددت على اهمية بقاء" سيادة الدينار فوق كل شيء اذ ان وجود مثل هذه الكميات النقدية يتيح المجال للسلطات المعنية للاستعانة بهذه السيولة في معالجة نقص السيولة التي تجابه الموازنة العراقية و هي الحجة او الذريعة التي تذرع بها البعض في تلميحاته للمطالبة بالاستيلاء على الخزين الاحتياطي الموجود لدى البنك المركزي She stressed the importance of "keeping the rule of the dinar, above all, because the existence of such quantities of cash allows the authorities concerned to use this cash to address the liquidity shortage faced by the Iraqi budget and is the argument or excuse invoked by some in his allusions to demand the seizure of the existing stockpile of Central Bank

[charles21]

We must remember that other countries sent out reports like this the day before they revalued

I am no saying it will revalue tomorrow, I am saying we have not clue what this means.

[NotReallyTex]

When I clicked the link I got this...

_________________________________________________________________________

A Conscious / Central bank denies change the Iraqi dinar exchange rate to make the dollar worth a thousand dinars in the month of June next

Conscious / m. A

3/3/2010 5:20 pm

Skip to the CBI With great interest the remarks attributed to incorrect Massadrldi addressed to some newspapers and news agencies today to the effect that the central bank intends to change the Iraqi dinar exchange rate by making the dollar worth a thousand dinars in the month of June next year.

He said the central bank In a press statement received (News Agency, Iraqi Information / conscious) A copy of the non-validity of this report or other criteria and the stability of the Iraqi dinar exchange rate and the general signs of monetary policy is far from the news and other information is confused and incorrect, so necessary to note

__________________________________________________________________________________________

I have no idea what it means either

Edited March 3, 2010 by NoOneReally
Copy did not work

[avenger380]

In my opinion, the more we hear from the CBI that the currency is not going to go up, the more my gut tells me that it could happen any day. The Kuwaiti disseminated false information right before their currency revalued. I think that it is odd how quite the CBI has been as long as I have been involved in this (09/09), and, now they are putting information out there frequently now!

[NotReallyTex]

How is any of the rumor de-bunked and by whom?

[teamlilly]

Sounds like the CBI is wanting us to stop buying dinars and turn in what we have at the low rate they have now. Wonder why?

[armondtoth]

If you have been paying attention Aswat al-Iraq has been putting out conflicting stories for the past 4 months. Do you think someone is trying to confuse you.

[CrimsonGlory]

Itts all fubar

[LazySusan]

Well, i see this as a statement that a re-denomination may not be happening ... in other words, not removing three zeros. Does anyone else see that?

[LazySusan]

I need to comment that, while many of these articles may (or may not be) real, they may also be propaganda put out by political candidates. Remember how news reports are created ... one person gives an interview to a journalist. Who is the person? A candidate? For which party? They may be verified, but they may also be false. So then, if they are propaganda, you have to ask yourself ... why? Well, think about it, one political party might have an agenda against another and want to discredit their opponent. What better way to do it then news sources? Sound familiar? Wow, do we see that here in the U.S.? Yes, all the time. So when we see opposing articles, keep that in mind. I still believe, based on the amount of natural resources Iraq has that we will see an RV very soon.

[wolf5771]

I think they are trying to wear you down. There is not much real news to hear and only time will tell.Other places have put up smoke screens to slow speculators.The nay sayers compare the dinar to places like mexico, and other countrys where the money was never worth anything and they where not on a liquid gold mine that is both of quality and easy to get to.The threat of civilwar is holding back what we want to happen and Iraq as well .They owe some big bucks and would be in a better place if the currncy they have was worth the market value of the area.The currncy you hold is something they want back.Most of the folks that have had it for years will dump it at say .5 they know this .Heck .10 could get 50% of you to sell half. That would bring out the headge funders in a buying rush.They do not want that .look for numbers like 1.49 after the threat of civil war is gone. The people of Iraq want this much more than we could ever.So don't spen your bill money on it and don't let go of what you have in a yard sale.if you have waited 5 years or more you can deal with 1 week or 1 year.

[sammiePJ]

i guess thats it then...

[builderbob]

woooo! i second that

[JAMMING]

After you restore the $ 10 billion from the funds of the former regime

CBI cooking equality dinar dollar value of the U.S.

2010/03/03 09:20 ص

Thank you for voting Rating

Current Rating 5 / 0

(Alwatan)

BAGHDAD - Mazen owner:

Financial sources familiar with the "home" for the restoration of the Iraqi Central Bank for more than $ 10 billion and deposits of the former regime seized in international banks, and there are efforts to restore the funds other than the value of contracts and deals signed under Saddam Hussein's regime was supplemented after the war for the invasion of Kuwait in 1990.

The financial sources familiar with "Al-Watan that" the United Iraqi Alliance bloc that nominated Bayan Jabr Zubaidi the next prime minister after the election, betting on the disclosure of such information described terms to augment the Iraqi National Coalition election, especially with the assurances of the Iraqi Central Bank study revalue Iraqi by deleting the 3 zeros from the nominal value of the current, and the U.S. dollar equivalent of one Iraqi dinar.

He said the appearance of Mohammed Salih, adviser to the central bank raising project yellowing of the currency promoted by the government in 2007, "Central Bank Itboukh on the backburner" and expected to see the end of 2010 or early 2011 on the development project. "

In the meantime, the central bank will continue the policy of stabilizing the exchange rate of the dinar against the dollar, "Al-Watan" that the central bank seeks to raise the value of the Iraqi dinar of 1180 dinars per U.S. dollar to 1000 dinars per U.S. dollars, within the month of June, and on the extent of conflict this policy with the policy of economic reform, followed by Iraq since 2003, under which the installation is a departure from the principles of capitalism Judge freely exchange rate liberalization, the central bank adviser said that "Iraq is in transition toward a market economy as it targets the central bank has worked to achieve the stability of the dinar exchange rate after The fluctuation is a concern for the citizen. "

In response to the indictment of the central responsibility of rising inflation, despite the policy followed by the installation, Saleh said that "the Central is not interested in lower prices in the marketplace but is responsible for the overall level of prices, and inflation declined in the country and income for the first time arranged to one decimal place, a 6% after was 60% even though there is no price in the world series back to back, but important that the price hikes under control. "

For its part, said an economic expert, Dr. Peace Smeisim for "home," said the leaked information from sources close to the Central Bank of Iraq can put things in different scales and different, and is considered central bank's ability to retrieve these funds from large international banks, each claimant to intervene in monetary policy, which it is exclusively the prerogative of the central bank, particularly because a lot of economic advisers in the Iraqi government demanded to borrow from Iraq's financial deposits at the central bank to cover the deficit in the general budget of the government, said Simasim must "stop such claims at a certain without encroachment on the powers of the monetary authorities. "

She stressed the importance of "keeping the rule of the dinar, above all, because the existence of such quantities of cash allows the authorities concerned to use this cash to address the liquidity shortage faced by the Iraqi budget and is the argument or excuse invoked by some in his allusions to demand the seizure of the existing stockpile of The Central Bank "

http://www.alwatan.com.kw/ArticleDetails.aspx?Id=11140

[zoomzoom]

should I wallpaper the bathroom or the office? hmmmmmmm . . . . .

Why don't you colour copy, then you can use on walls and still have your dinar

[dinarlady]

I have a question. There was an article, about a month ago, that stated that the CBI wanted all of the larger denominations back by the end of the year. They want to incorporate the smaller denominations into circulation for "ease of transactions". If they do no reval, a $25 bill (instead of a $25,000) would be virtually worthless. The question is what do we believe-that they are going to utilize the smaller denoms and revl or keep the larger denoms and not reval.