Anbuge attacking us.....

[jupitergirl]

Central Bank: Anbuge attacking us since 5 years, which does not reflect governme

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Central Bank: Anbuge attacking us since 5 years, which does not reflect government policy and receive international acclaim

Haider Ali Jawad - 29/01/2012 AD - 10:01 AM | Hits: 152

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Iraqi Central Bank found itself in front of the recently criticized for his feet to raise the exchange rate of the dinar against the dollar, and invites him to raise a larger value. The Bank responded to the criticism of him, at the same time among the factors that prevent the appreciation of the dinar more than it is now.

And criticized Abdel Hussein Anbuge economic adviser in the prime minister, on Saturday, the policy of the Central Bank. He said in a statement "Alsumaria News" that "the Iraqi Central Bank to raise the dinar against the U.S. dollar at the present time is incorrect because it is a real increase," he continued to raise the price of the Iraqi dinar .. Will contribute to strengthening the economy by making imports cheaper rent, affecting the productive base and economic development in Iraq. He explained that "the Bank in this way serves to protect the foreign product at the expense of the local product."

In an interview with "the world" yesterday, said the appearance of Mohammed Salih, Deputy Governor of Central Bank of Iraq "have not received anything from the Government on our monetary policy." He said Anbuge "does not reflect the government's assessment of monetary policy, but his personal opinion, which attacks the central 5 years ago and really vain, and obsessed with hostility to him."

And previously criticized the plan Nbuge Central abolition of 3 zeros from the Iraqi currency and replace with new ones, to avoid the cost and corruption that can afflict the operations change the currency.

And Saleh stressed that "the monetary authority and the power of the dinar in Iraq, denominated in international institutions, and the last to talk about this director the International Monetary Fund Christine Lagarde in the visit of Prime Minister Nuri al-Maliki's recent visit to Washington .. It talked about the dinar is strong and the success of our monetary policy."

Saleh pointed out "We are with multiple sources of income, but not a shame that Iraq is a country depends on oil and export oil, Countries like Australia, Canada, one-sided and based on the export of raw material, two countries are successful economically."

"What the solution in the absence of an alternative oil, do you die people of hunger if you do not have is the oil to live of the proceeds, Is this what he wants Anbuge, do you believe that the dollar if it became a 5-thousand dinars then become commodities expensive and motivated Iraq." And added, "Iraq since the seventies is not enough wheat produced by .. What we have to live it, we do not have the structure of production basis?".

The central bank announced in the current January 19, raising the dinar exchange rate against the dollar by 3.4 per thousand, and by 4, JD took to sell the dollar to 1170 dinars to 1166 instead of in the daily auction.

The aim of the exchange-rate appreciation, "referring to the launch of the market and investors from the improved economic situation, and promote confidence in dinars as the savings of the Iraqi people rather than to escape to the dollar," says Saleh.

The Iraqi dinar has recently dominated the attention of companies selling foreign currencies, especially on the Internet, when you browse these companies often read phrases such as "buy dinars, the government will raise the current value of the currency, and will become rich."

On the other hand, he called Abdul-Hussein Abtan, a member of the Committee on the economy, investment and reconstruction in the House of Representatives of the Central Bank to raise the exchange rate of the dinar against the dollar.

Abtan said in a press statement, "the central bank to do a study to raise the proportion of the Iraqi dinar against the dollar and foreign currency in excess of $ 60 billion," referring to the size of the dollar reserves of Iraq.

He Ataban that "the Iraqi dinar at a standstill for 4 years, since the cash reserve was $ 20 billion so far." He believed that "raising the price of the dinar up to 1000 dinars to the dollar at the present time suitable for economic recovery and increases the reality of living of the individual and restore its distinguished position among the nations."

Expressed in favor of support for the call Abtan, describing it as "a national goal we hope to achieve but within the economic principles that govern the appreciation of the dinar," and that those principles are "the size of reserves, and the power of those reserves, and the presence of inflation or not, and the high real exchange rate for the nominal" . Saleh was told "the world" last Sunday, that "the Iraqi Central Bank reserves of foreign currency reached the highest number in the history of contemporary Iraq, more than $ 60 billion dollars, which of course enhances the power of the dinar."

And the reasons for the Central to adjust the exchange rate of the dinar, "After the exchange rate depreciates because of regional factors and internal, we have an amendment to the value of the exchange, on the grounds that the nominal value, estimated at 1170 dinars Iraqis against the U.S. dollar, is much lower than the real price, so felt that the central bank raising the dinar exchange rate, in order to fit with the real value ", in the past to say," We are waiting every opportunity favorable to raise the exchange rate, with no effect on maintaining the stability of the currency, as it reflects the entry of citizens, we are forced to support the form in which the benefit ".

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[SgtFuryUSCZ]

***//

..and BAM!, there it is.

(are these cats reading our DV posts...? )

Okay, kids, time to light up the boards...

What're y'all thinkin' 'bout this here brilliant article?

[jupitergirl]

Many articles lately saying the nominal rate of 1170 is MUCH lower than the real price.......

Edited January 29, 2012 by jupitergirl

[Butifldrm]

***//

..and BAM!, there it is.

(are these cats reading our DV posts...? )

Okay, kids, time to light up the boards...

What're y'all thinkin' 'bout this here brilliant article?

You are correct, great article, Maybe this week we will see 1000 IQD to 1 USD. A slow and steady increase of value, in the right direction. Thanks for the post jupitergirl.

[SgtFuryUSCZ]

***//

...atta girl, Jupi!

(If I find out you wrote this whilst sitting on the pot this mornin',

I'm gonna hunt you down and get Ted Nugent all over your hiney! )

[Stryker365]

This is one great article folks and here a few of my favorite quotes....

Iraqi Central Bank found itself in front of the recently criticized for his feet to raise the exchange rate of the dinar against the dollar, and invites him to raise a larger value.........yes just raise it to a larger value, not soon but now.....

"the Iraqi Central Bank to raise the dinar against the U.S. dollar at the present time is incorrect because it is a real increase," he continued to raise the price of the Iraqi dinar .. Will contribute to strengthening the economy by making imports cheaper rent, affecting the productive base and economic development in Iraq. ...............really...you think...

I like this one the most;................abolition of 3 zeros from the Iraqi currency and replace with new ones,

International Monetary Fund Christine Lagarde in the visit of Prime Minister Nuri al-Maliki's recent visit to Washington .. It talked about the dinar is strong and the success of our monetary policy."

The aim of the exchange-rate appreciation, "referring to the launch of the market and investors from the improved economic situation, and promote confidence in dinars as the savings of the Iraqi people rather than to escape to the dollar," says Saleh.

See I've been saying that they read what we write here, next quote:

The Iraqi dinar has recently dominated the attention of companies selling foreign currencies, especially on the Internet, when you browse these companies often read phrases such as "buy dinars, the government will raise the current value of the currency, and will become rich."

This guy is on the right side of the project.....just get it done;

On the other hand, he called Abdul-Hussein Abtan, a member of the Committee on the economy, investment and reconstruction in the House of Representatives of the Central Bank to raise the exchange rate of the dinar against the dollar.

"raising the price of the dinar up to 1000 dinars to the dollar at the present time suitable for economic recovery and increases the reality of living of the individual and restore its distinguished position among the nations."

," We are waiting every opportunity favorable to raise the exchange rate, with no effect on maintaining the stability of the currency, as it reflects the entry of citizens, we are forced to support the form in which the benefit "...................force yourself...go ahead...RV

I'm convinced......do it ......

Edited January 29, 2012 by Stryker365

[SgtFuryUSCZ]

***///

Love the breakdown STRYKER...

As always, your clarity is a welcome assist in rendering down these cryptically worded articles!

[Stryker365]

***///

Love the breakdown STRYKER...

As always, your clarity is a welcome assist in rendering down these cryptically worded articles!

Your more than welcome...its my pleasure....glad I can help...

Thank you jupitergirl for your time to find this great article...

Edited January 29, 2012 by Stryker365

[brbrlocke]

Thanks for sharing......

[RodandStaff]

Good find jupitergirl, thanks! I especially like this line...

"

abolition of 3 zeros from the Iraqi currency and replace with new ones"!

Now it can't get much plainer than that for the certain crabby group that lurks around the DV site!

Why would they abolish the notes with the 3 zero's and replace them with new ones if it was a bunny ear? No folks, they will remove them from circulation because no one will want to walk around with such a large valuable currency in their pocket. They will however probably save them for bank to bank transfers unless of course it ends up all going paperless. Come on boyz.... git-r-dun!!!

GO RV Already Baby!!!

[Crow]

Expressed in favor of support for the call Abtan, describing it as "a national goal we hope to achieve but within the economic principles that govern the appreciation of the dinar," and that those principles are "the size of reserves, and the power of those reserves, and the presence of inflation or not, and the high real exchange rate for the nominal" . Saleh was told "the world" last Sunday, that "the Iraqi Central Bank reserves of foreign currency reached the highest number in the history of contemporary Iraq, more than $ 60 billion dollars, which of course enhances the power of the dinar

Edited January 29, 2012 by Crow

[Tirebiter]

Thanks for the post! Excellent article. I like the fact that Saleh had to come out with a defense of the CBI policies and put more detail into what they are possibly looking at as a long range plan.

[zigmeister]

Good find jupitergirl, thanks! I especially like this line...

"

abolition of 3 zeros from the Iraqi currency and replace with new ones"!

Now it can't get much plainer than that for the certain crabby group that lurks around the DV site!

Why would they abolish the notes with the 3 zero's and replace them with new ones if it was a bunny ear? No folks, they will remove them from circulation because no one will want to walk around with such a large valuable currency in their pocket. They will however probably save them for bank to bank transfers unless of course it ends up all going paperless. Come on boyz.... git-r-dun!!!

GO RV Already Baby!!!

Rod this is what I suspected for a couple of weeks now. The zero's won't be thrown to the side of the road but pulled in with the replacement of new currency. Add to say, this article is as clear as I have ever read in their intentions. Its black and white for a change.

Thanks Jupiter Girl this is an awesome article. Stryker thanks for your break down always spot on.

Thanks for the post! Excellent article. I like the fact that Saleh had to come out with a defense of the CBI policies and put more detail into what they are possibly looking at as a long range plan.

He must have read where we were confused, baffled and needed clarification.

[lomeygoat]

Thanks for the post! Excellent article. I like the fact that Saleh had to come out with a defense of the CBI policies and put more detail into what they are possibly looking at as a long range plan.

A long range plan??? Thats all its been so far.

[Tirebiter]

A long range plan??? Thats all its been so far.

True, but the question is, when did it start and when will it end? I like the fact that in reading articles for the last 3 years this article and statements made by Saleh tend to tell us what the end game is. Then, we can look back at what has been happening in the last few years and get a better idea of where they are in implementation of it. Maybe I'm reading too much into it, but it seems to me they are slowly having to give credible hints as to what they are up to. From that, we can speculate as to where we are in this and possibly what to look for next in the process.

Keep in mind, this isn't about RV and done to them. It is to us. We're going to hopefully make some money and run. They have a country to run and need a far reaching economic plan to ensure the survival and growth of their country. jmo.

Edited January 29, 2012 by Tirebiter

[zigmeister]

True, but the question is, when did it start and when will it end? I like the fact that in reading articles for the last 3 years this article and statements made by Saleh tend to tell us what the end game is. Then, we can look back at what has been happening in the last few years and get a better idea of where they are in implementation of it. Maybe I'm reading too much into it, but it seems to me they are slowly having to give credible hints as to what they are up to. From that, we can speculate as to where we are in this and possibly what to look for next in the process.

Keep in mind, this isn't about RV and done to them. It is to us. We're going to hopefully make some money and run. They have a country to run and need a far reaching economic plan to ensure the survival and growth of their country. jmo.

Great input TB. +1 fer you.