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Shabibi Parliament undertakes to raise the value of the dinar

Sweetybird
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Sweetybird Newbie

Sweetybird

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Shabibi Parliament undertakes to raise the value of the dinar

Posted: May 7, 2012 in Iraqi Dinar/Politics

Tags: Baghdad, Central bank, Central Bank Iraq, Currency, Iraq, Iraqi dinar, Jordanian dinar, United States dollar

05/07/2012

Baghdad: As promised JD central bank governor and hosted during the day yesterday in the parliamentary Finance Committee raised the value of Iraqi dinar to better than it was before the start Ptzbzbh through the mechanics of solid and secure, the bank announced the auction on the sale of $ 190 million during the auction on Monday.

It was the opening of bids for the sale and purchase of dollar daily nineteenth and twenty-two thousand for buying and selling foreign currency at the Central Bank of Iraq day Monday, 7/5/2012, and the number of banks contribute to the auction 16, either the basic price, which landed him selling dinars / USD 1166, while the total amount sold by the Bank at the price advertised (000,153,190).

The amount purchased by the bank at the price advertised was zero, and the total purchase offers (USD) (000,153,190) and the bank confirmed that the price of the sale of remittances (1179) JD / dollar, including the central bank and a commission of $ (13) dinars per dollar.

The cash sales price (1179) JD / dollar, including the central bank and a commission of $ (13) dinars per dollar. While the quantity sold in cash of $ (12,210,000) dollars and quantity sold amount of remittances (000,943,177) dollars.

And the central bank earns a commission of (13) dinars per Dolarma discount (8) JD / dollar amounts for purchased ie, that: – the purchase price of the dollar cash = (sale price of the dollar cash – 8). And the Iraqi Central Bank continues to sell and buy the dollar and the price (1166) and receive the same commissions mentioned above.

For its part, showed a member of the parliamentary Finance Committee Najiba Najib’s (JD) Achtdavc that its central bank governor Sinan Shabibi to discuss several files concerning the work of the Bank, including money laundering mechanisms and the reasons for the low exchange rate of the dinar against the dollar, as well as deleting three zeros, and others.

And on the value of the dinar Najib stressed that Shabibi pledged to raise the value of the dinar, and again in a short period and across a very solid mechanics, attributed the reasons for minimize and, according to conservative interpretations of the external and internal factors.

http://bit.ly/ITs5km

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wpsmit Newbie

wpsmit

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Baghdad: As promised JD central bank governor and hosted during the day yesterday in the parliamentary Finance Committee raised the value of Iraqi dinar to better than it was before the start Ptzbzbh through the mechanics of solid and secure, the bank announced the auction on the sale of $ 190 million during the auction on Monday.

I sure am glad they are going to start the Ptzbzbh. I think we can all breathe a huge sigh of relief now!! :lol:

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uncirculd Newbie

uncirculd

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Shabibi pledged to raise the value of the dinar, and again in a short period and across a very solid mechanics,

GO SHABS!!!

yeah and what i really liked was: "the value of Iraqi dinar to better than it was before"

They surely know that 1166 is worthless. They are using the dollar.

Nice article SweetyBird. Now they are wanting to know more. I don't think the finance committee knows what the plan is. Either that or never understood it. Beyond their pay grade.

Edited by uncirculd
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yota691 Grand Master

yota691

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Shabibi Parliament undertakes to raise the value of the dinar

05/07/2012

ttttttoooooo.jpg

Baghdad: As promised JD central bank governor and hosted during the day yesterday in the parliamentary Finance Committee raised the value of Iraqi dinar to better than it was before the start Ptzbzbh through the mechanics of solid and secure, the bank announced the auction on the sale of $ 190 million during the auction on Monday. It was the opening of bids for the sale and purchase of dollar daily nineteenth and twenty-two thousand for buying and selling foreign currency at the Central Bank of Iraq day Monday, 7/5/2012, and the number of banks contribute to the auction 16, either the basic price, which landed him selling dinars / USD 1166, while the total amount sold by the Bank at the price advertised (000,153,190). The amount purchased by the bank at the price advertised was zero, and the total purchase offers (USD) (000,153,190) and the bank confirmed that the price of the sale of remittances (1179) JD / dollar, including the central bank and a commission of $ (13) dinars per dollar. The cash sales price (1179) JD / dollar, including the central bank and a commission of $ (13) dinars per dollar. While the quantity sold in cash of $ (12,210,000) dollars and quantity sold amount of remittances (000,943,177) dollars. And the central bank earns a commission of (13) dinars per Dolarma discount (8) JD / dollar amounts for purchased ie, that: - the purchase price of the dollar cash = (sale price of the dollar cash - 8). And the Iraqi Central Bank continues to sell and buy the dollar and the price (1166) and receive the same commissions mentioned above.

For its part, showed a member of the parliamentary Finance Committee Najiba Najib's (JD) Achtdavc that its central bank governor Sinan Shabibi to discuss several files concerning the work of the Bank, including money laundering mechanisms and the reasons for the low exchange rate of the dinar against the dollar, as well as deleting three zeros, and others.

And on the value of the dinar Najib stressed that Shabibi pledged to raise the value of the dinar, and again in a short period and across a very solid mechanics, attributed the reasons for minimize and, according to conservative interpretations of the external and internal factors.

http://www.dananernews.com/News_Details.php?ID=605

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leesburg Newbie

leesburg

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Maybe now with the added pressure on Maliki with the no confidence vote looming on May 17, he might push the button himself... Sure hope so!

cant rv without lower denominations ..

are lower denominations and coinage ready ?.. gots to be able to make change for that 50 dinar note .. if its to have any value

it takes awhile to print and stamp 4 trillion anything .. let alone a currency that would be hard to counterfit

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smee2 Newbie

smee2

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Seems to me we have heard this before ... that Shabibi is proclaiming an increase in the value of the dinar against the dollar, and the economy is ready for it, and the lower denominations are in country, shipped in by 787 or some such thing ... does not sound like new news, but a cheap way to try to reaffirm past news without making a big thing of it.

:)

smee2

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Doctor Smith Newbie

Doctor Smith

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IMO. The Dinar had fallen in Iraq only. Shabbibi has stabilized the Dinar against the Dollar (in Iraq) at the current exchange rate. Through the use of the auctions.

It's good to stabilize the currency but has nothing to do with any substantial rate increase.

IMO. The Dinar had fallen in Iraq only. Shabbibi has stabilized the Dinar against the Dollar (in Iraq) at the current exchange rate. Through the use of the auctions.

It's good to stabilize the currency but has nothing to do with any substantial rate increase.

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uncirculd Newbie

uncirculd

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Seems to me we have heard this before ... that Shabibi is proclaiming an increase in the value of the dinar against the dollar, and the economy is ready for it, and the lower denominations are in country, shipped in by 787 or some such thing ... does not sound like new news, but a cheap way to try to reaffirm past news without making a big thing of it.

:)

smee2

Yeah, :drool: we dare him.. come on :woot: do it :woot: come on :woot::excl:

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