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Member of the Economic Commission: the deterioration of the Syrian pound to the U.S. dollar will lead to the depletion of foreign currency from Iraq


yota691
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Member of the Economic Commission: the deterioration of the Syrian pound to the U.S. dollar will lead to the depletion of foreign currency from Iraq

On: Wednesday 03/21/2012 12:33

Baghdad (news) .. Warned a member of the Economic Commission for MP / coalition in Iraq / Nora Albjara process of depletion of the hard currency of the country as a result of the deterioration of the Syrian pound against the dollar, will affect the exchange rate of the Iraqi dinar against international currencies.

The Albjara (of the Agency news) on Wednesday: The low exchange rate of the Syrian pound to the U.S. dollar will lead to the withdrawal of foreign currency from local markets in favor of Syria, as happened recently when the deterioration of Altoman Iran to the U.S. dollar, and this will affect the value of foreign currency in Iraqi markets and the low exchange rate of the dinar against the dollar.

It called for: the importance of taking necessary measures to prevent the occurrence of smuggling foreign currency out of the country through the control of Iraq's border with neighboring countries to reduce the appearance of such cases, in addition to the Central Bank to take a role in controlling the sale of the dollar Bmzadeh fact that the process will lead to increased demand to buy the U.S. dollar.

She Albjara: Can not make the deterioration of the currencies of the countries surrounding Iraq to receive negative impact on the Iraqi dinar, but we must work to increase the exchange rate of the Iraqi currency through the sale of crude oil in Iraqi dinars, as Iran is now selling some of its oil own currency, which saved Altoman Iranian deterioration of the Imam of hard currency.

The exchange rate of the Syrian pound has fallen significantly against the U.S. dollar as a result of political and security problems taking place in all regions of Syria, which has made the U.S. dollar is equivalent to (7.5) of SP. / Finished / 8. For. M /

http://translate.google.com/translate?hl=en&rurl=translate.google.com.pk&sl=ar&tl=en&u=http://www.ikhnews.com/news_view_36375.html

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3/21/2012 | (Voice of Iraq) - Add Comment - Baghdad (news) warned a member of the Economic Commission for MP / coalition in Iraq / Nora Albjara process of depletion of the hard currency of the country as a result of the deterioration of the Syrian pound against the dollar, what will affect the price exchange the Iraqi dinar against international currencies. said Albjara (of the Agency news) said on Wednesday: The low exchange rate of the Syrian pound to the U.S. dollar will lead to the withdrawal of foreign currency from local markets in favor of Syria, as happened recently when the deterioration of Altoman Iranian imam of the U.S. dollar, and this What will affect the value of hard currency in the markets of Iraq and the low exchange rate of the dinar against the dollar. and called for: the importance of taking necessary measures to prevent the occurrence of smuggling foreign currency out of the country through the control of Iraq's border with neighboring countries to reduce the appearance of such cases, in addition to the bank Central to take a role in controlling the sale of the dollar Bmzadeh fact that the process will lead to increased demand on the U.S. Dollar. She Albjara: Can not make the deterioration of the currencies of the countries surrounding Iraq to receive negative impact on the Iraqi dinar, but we must work to increase the exchange rate of the Iraqi currency through the sale of crude oil in Iraqi dinars, as Iran is now selling some of its oil in local currency, which saved Altoman Iranian deterioration of the Imam of hard currency. noteworthy that the exchange rate of the Syrian pound has fallen significantly against the U.S. dollar as a result of political and security problems taking place in all regions of Syria, which made ​​the U.S. dollar is equivalent to (7.5) for the SP.

Read more: http://www.sotaliraq.com/business.php?id=6200#ixzz1poQnTeXV

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"Can not make the deterioration of the currencies of the countries surrounding Iraq to receive negative impact on the Iraqi dinar, but we must work to increase the exchange rate of the Iraqi currency through the sale of crude oil in Iraqi dinars,"

Can you dig it? I can dig it! :P;)B):D

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"Can not make the deterioration of the currencies of the countries surrounding Iraq to receive negative impact on the Iraqi dinar, but we must work to increase the exchange rate of the Iraqi currency through the sale of crude oil in Iraqi dinars,"

Can you dig it? I can dig it! :P;)B):D

I think we struck oil! biggrin.gif

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I am so confused right now and frankley stessing out. I am not a "newbie" by length of time in this, but I never post, because fquite frankly I don't have anything to add as to knowledge of what is going in "Dinar-world". But today, after Adam's post, I am sort of "freaking out" because I don't really understand what is happening. (BTW - Alex - I did see you on TV - cool).

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I am so confused right now and frankley stessing out. I am not a "newbie" by length of time in this, but I never post, because fquite frankly I don't have anything to add as to knowledge of what is going in "Dinar-world". But today, after Adam's post, I am sort of "freaking out" because I don't really understand what is happening. (BTW - Alex - I did see you on TV - cool).

Awesome! Oh - and as for not knowing what to say... just write things like "Go RV" and "Sounds good to me" and Get 'er done" and "That's what I always thought" and "Sweet" and "Crazy ride!"... all those work for me... ;)

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I am not so much for writing stuff for no reason. I am so tired of hoping and wondering if this will ever work out OK. I have a lot of "stuff" that needs to be taken care of (as I am sure all of you do as well) -- but I would LOVE to get my life on track and be done with this. This seems SO close - and I don't even care at this point if its a .10 rate - I am not greedy or stupid. I just really want it done. If its more - I plan on helping a lot more people. But I am afraid to get my hopes up too high. What about you?

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I am not so much for writing stuff for no reason. I am so tired of hoping and wondering if this will ever work out OK. I have a lot of "stuff" that needs to be taken care of (as I am sure all of you do as well) -- but I would LOVE to get my life on track and be done with this. This seems SO close - and I don't even care at this point if its a .10 rate - I am not greedy or stupid. I just really want it done. If its more - I plan on helping a lot more people. But I am afraid to get my hopes up too high. What about you?

Me? Make no mistake... I want millions. Just being honest. I can wait if need be ;)

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I am not so much for writing stuff for no reason. I am so tired of hoping and wondering if this will ever work out OK. I have a lot of "stuff" that needs to be taken care of (as I am sure all of you do as well) -- but I would LOVE to get my life on track and be done with this. This seems SO close - and I don't even care at this point if its a .10 rate - I am not greedy or stupid. I just really want it done. If its more - I plan on helping a lot more people. But I am afraid to get my hopes up too high. What about you?

I'm in that boat. Hoping they get it done soon. Pressures on though with Iran and Syria sanctions, I think this is in the end game stages. :)

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Awesome! Oh - and as for not knowing what to say... just write things like "Go RV" and "Sounds good to me" and Get 'er done" and "That's what I always thought" and "Sweet" and "Crazy ride!"... all those work for me... ;)

to quote alex sweeeeeeeeeeeeeeeet im trying to get to 100 posts peace dave

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I think we struck oil! biggrin.gif

I like that one.... Thanks PPG, nice article to help the morning java kick in, now this makes me greedy I want more and more good news :D

Good morning Everyone :wave: How dare my company want me to go to work at times like these :lmao:

Edited by Shelley
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I am not so much for writing stuff for no reason. I am so tired of hoping and wondering if this will ever work out OK. I have a lot of "stuff" that needs to be taken care of (as I am sure all of you do as well) -- but I would LOVE to get my life on track and be done with this. This seems SO close - and I don't even care at this point if its a .10 rate - I am not greedy or stupid. I just really want it done. If its more - I plan on helping a lot more people. But I am afraid to get my hopes up too high. What about you?

I agree w u 100% last time I checked it dosnt matter how many posts u or anyone else has made.That's not going to pay our bills or help anyone.Its all about putting our 2 cents in to help each other out as for the known facts that we can share w each other.Some people actually enjoy reading these sci-fi okie crap wannabe stories.I for one do Not, its miss leading to those who actually pray for the RV to happen for all man kind.That's the. Big picture God bless go RV

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"process of depletion of the hard currency of the country as a result of the deterioration of the Syrian pound against the dollar, what will affect the price exchange the Iraqi dinar against international currencies. said Albjara (of the Agency news) said on Wednesday: The low exchange rate of the Syrian pound to the U.S. dollar will lead to the withdrawal of foreign currency from local markets in favor of Syria, as happened recently when the deterioration of Altoman Iranian imam of the U.S. dollar, and this What will affect the value of hard currency in the markets of Iraq and the low exchange rate of the dinar against the dollar."

Yeah, we know that. The "hard currency out of the country" was the USD. According to estimates, the US Dollar was 40% of the cash in Iraq. With the price it's going for to Iranians and Syrians trying to protect any value they have left, I would sell mine too if I were an Iraqi.

What's next, now that all of the USD is gone? Dinars. It's the next currency of value that's available. Kuwait and Saudi Arabia don't have as porous borders as Iraq does. If the Shiite government in Iraq let's it slip to the (Shiite) Syrians and the (Shiite) Iranians that the Dinar is going to RV, they will suck up every dime available.

I believe this is already happening, and it will be a blessing and a big problem. Yes, it will speed up an RV. Iraq is a cash society, 80% of them don't even use a bank. They have to have money "in the street", they have to. An RV and subsequent release of lower denominations (old or new) would instantly fix this. The bad news is that the bad guys over there would have a LOT of dinars (they do now, anyway - but they would have more). This would prolong the unrest in the entire region, as it would fund Assad's genocidal crackdown and float the crumbling Central Bank of Iran almost indefinitely. Does anybody think, that if Darth Sadr knows there's going to be an RV, that he isn't telling his butt-buddies over the border about it? Also, if the RV is forced to happen before they plan to (there IS a plan!), it may be lower than they had originally set it for.

If I were them.............I would RV at the very end of the Summit on Thursday the 29th, and still have banking holiday time through Saturday, and Sunday could get tacked on to that holiday in a heartbeat if I needed the time. How much easier would a National Meeting go when you've just RV'd the currency? That would soften everyone up a bit!

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