Applicable: The Central Bank has promised to reduce the value of the dollar and the potential to modify the pension law

[JustNTime]

Applicable: The Central Bank has promised to reduce the value of the dollar and the potential to modify the pension law

03/19/2012

BAGHDAD / not / A member of the parliamentary Finance Committee Faleh applicable, the registered companies in the Iraqi market for securities is the reason Riisa the high value of the U.S. dollar against the Iraqi dinar, indicating that the central bank has promised to reduce its value in the next few days. He said in effect, in a press statement received by the Agency "Secrets News / We are not" on Monday that "the central bank is responsible for fiscal policy and therefore obligated to take measures and controls to preserve the value of Iraqi dinar," adding that "measures the bank last did not work in raising the value of the dinar Iraqi and inquire about this thing called the Governor of the Central Bank and told me that the measures developed but not implemented by 100% and the promise of its application in the coming days which will then significantly decreased the value of U.S. dollar against the Iraqi dinar. " He said in effect that "the companies registered with the Iraqi market for securities is the main reason for this and that because it trades in its share of the dollar that you receive from the bank by selling instead of buying them as currency for goods and goods". He ruled out a member of the Finance Committee to decrease the value of the U.S. dollar significantly or return as it was. And the decline of the Iraqi currency exchange rate in a banner during the past few days against foreign currencies, particularly the U.S. dollar, raising fears among the citizens of the continuing decline. And Some attribute this decline to an asylum Central Bank of Iraq to implement more stringent measures in the recent past regarding its sales of hard currency, especially the dollar, which has led to a lack of circulation of U.S. currency in the markets and increase demand and thereby increase its value against the dinar, but others believe that currency's decline is due mainly to the withdrawal of America and the growing divide between politicians, threatening the stability of the country. On the other hand said a member of the Finance Committee Faleh force that his committee will form a small committee of its members to amend the retirement law is oppression and injustice raises for retirees. He said in effect that "the Finance Committee determined to amend the retirement law provides a rewarding salary can be retired from the face of the difficult conditions of life." He added that "the Finance Committee has taken its first steps to improve the conditions of pensioners increased by approving a financial amount of 50 000 Daina on pensions of less than 400 thousand dinars." The House of Representatives has approved a vote on the budget during the financial grant for the current year retirees who paid less than 400 thousand dinars, an increase of 50 000 financial Deyaar amendment of the law until retirement. He said in effect that "the amendment to the law of the forthcoming retirement would end the distinction between the salaries of retirees." Ended

http://translate.goo...3D876%26lang%3D

[zaborniake]

How do you decrease the value of the dollar versus the dinar? Raise the value of the dinar versus the dollar.

[Elixirbaby]

There's those 3 words again. "Next few days". Let's hope for real this time.

Go RV

[bamagirl]

I like 'in the next few days'....much better than the coming days or soon....Thanks JustN!!

[HisHands]

Great article JIT! I think this is the second time this has been mentoned in the news! I only know one way to make this happen.....GO RV!

[AkinNAUY]

I'm so ready to see the end of this! GOOD OR BAD just let me see it. JMO

[TimS]

What is significantly reducign value of dollar against dinar? I say 300% is very significant. So if they remove zeros and RV to $3 (ballpark of Kuwait dinar) that's a 300% value change. JMHO It's a possibility

[brbrlocke]

Which one did someone figure out was 2 weeks....in the comings days or in the next few days ? I hope it's both.

[Wassaap]

As I understand the definition of "few"...it means "about three". Almost always three...but with a fourth or fifth thrown in for rare occasions...this week maybe? Seven days would be a 1000-year "few". Dare we get even a little excited?

[leanonme]

I say heck yea we can get excited. These guys keep paving the way for the big RV to hit. It could be any day!!

[yota691]

yota691

Enjoy the Ride

Group:Members

Posts:4,429

Joined:04-August 11

Locationsc

Posted Today, 06:26 AM

Applicable: The Central Bank has promised to reduce the value of the dollar and the potential to modify the pension law

Read more:

[TLHUBER]

I just can't see Iraq revaluing before the summit. All the iraqi citizens would be scrambling about the streets changing their US money for Dinars, taking attention away from the Arab Summit. But, then again maybe thats what Iraq would like to do. I hope.

[shoegal1975]

Enough with the promises to do things already!! We're ready for some action!

[Stryker365]

The citizens would have no impact on the Arab Summit when the RV takes place before the Summit.

the summit is about countries , investors and companies building relationships thru trust.......

...what better way of showing the Arab Community to have trust in Iraq then a revaluation of the Iraq Dinar.....

...the citizens doing banking will not have any affect on what goes on in the summit.....

...that is why Shabibi says education will play a big part in the project....

[Soeharto]

What is the definition Coming days or Next Few days for Iraqis?

Coming days I think not more than one week or one month. still confusing about this sentence ???.....

[powerpager]

OR ►►the next few days after that !!!

[JustNTime]

The citizens would have no impact on the Arab Summit when the RV takes place before the Summit.

the summit is about countries , investors and companies building relationships thru trust.......

...what better way of showing the Arab Community to have trust in Iraq then a revaluation of the Iraq Dinar.....

...the citizens doing banking will not have any affect on what goes on in the summit.....

...that is why Shabibi says education will play a big part in the project....

Did your kid help ya get your Avitar up?

Is that you talking to Shabibi or the lopsters?

[Patriotic_mess]

I take it "coming days" in Iraq time is closer than "soon" and "next few days" is sooner then "coming days". Let's get this done!

[onerighthand]

Now they need an RV for a distraction after being called out on building rooms for spying on the Arab summit attendees. Oh look over there, an RV!

Go RV