k98nights Posted May 23, 2012 Report Share Posted May 23, 2012 Central: Open the windows of the Rafidain and Rasheed reduce the exchange rate of the dinar against the dollar to 4% Haider Ali Jawad - 23/05/2012 PM - 1:25 p.m. | Hits: 25 Reduced the open windows of selling the dollar in the Rafidain and Rasheed of the low exchange rate of the dinar against the dollar to 4 percent, compared to the exchange rate difference of about two weeks ago. He was a senior official at the Central Bank in the hope that the difference up to 2 percent on the price of the auction. The two banks will sell each citizen Aovernmaan 10 thousand dollars up to a maximum. The central bank announced yesterday, the largest direct banks in Iraq to sell one U.S. dollar for the citizens at 1189 dinars. In an extensive interview with the "world" on Tuesday, said the appearance of Mohammed Saleh, deputy central bank governor, said that "our procedures last to authorize a bank Rafidain and Rasheed to sell the dollar, the impact of a positive lower price. And the dinar fell about 7 percent in the previous days, and today (yesterday) arrived decline to 4 percent. " He expressed the hope that "up the difference between the auction and the market to 2 percent, a figure that is acceptable globally and natural differences in price." According to Saleh, "the central bank is looking forward in the coming months, to be equal to the 1000 dinars, one dollar, and we are coming to raise the dinar exchange rate in proportion to its strength." He explained that "the two banks of government Sasudan every citizen wants hard currency with 10 thousand dollars only, and this is one of the instructions and monitoring agency funds, which obliges the citizen not to carry cash of foreign currency more than 10 thousand dollars, and this is the case in all the world, as well as in airports , and for that to be increased by transfer or credit card. " Saleh said that "windows will sell and not in cash transfers, because transfers carried out by the auction." He pointed out that "the central bank provides about 50 per week with 250 thousand dollars for each bank, and 40 money transfer company with 75 thousand dollars each week, and 300 foreign exchange company with 75 thousand dollars a week as well." "We assume these to sell at auction to the citizens, a 1179 commission plus 10 dinars." Saleh expressed his deep regret about the "transformation of banks and remittance companies and banking from brokers to buyers end-of the auction, sellers end-to the customer, and they started to impose price monopoly, which represents the prices of the parallel market which have a role in, and remained the bubble price continues for the benefit of monopoly." He attributed the benefit of open windows to sell the dollar bankers in government to "create a market monopoly competition against our law is forbidden." He continued, "we have introduced the Rafidain and Rasheed, two of the largest banks in Iraq and Isthoman to 86 percent of the banking activity in Iraq, and their branches constitute 50 percent of bank branches in Iraq Adkhalnahma in the sale of foreign currency at the official rate of the Central Bank plus the commission is simple, for the benefit of the Iraqi citizen." Salih stressed, "We get the foreign currency more than we sell, and cash reserves at the central bank between $ 62 and $ 63 billion, the highest in the history of Iraq, monetary and financial." And on the developments of the project to delete the zeros of the Iraqi currency, Saleh said, "I suggested that healed with a decision of the Committee of the House of Representatives and the government and the central bank and decides to delete the zeros start date." He expressed the belief that "scientific and economic project, and all those concerned in the government support him, and who speaks against him question the Toukatadth, and the extent of its potential, and whether we are capable of it." However, "these questions objectively." He noted the benefit "if the Commission met at any time and any decision to proceed has decided to delete the zeros of work, we are ready to begin." He stressed that "the deletion of zeros as a project and infrastructure and create the foundations of incomplete and concepts, which is different from issuing a new class of currency, with the consequent deletion of three ranks of calculation from the accounts of the Republic of Iraq starting from the family budget and ending the public budget of the State". He cautioned that "such a project needs to be concerted efforts of both the central bank, parliament, government, and the approval of the last two on the project is important for its success." And returned in favor of the project's importance also to "reduce the computational reproduction, which has become a troublesome and tired, so there are operational risks because of the large numbers that are the product of an earlier stage." He believed that the "zeros currency of the three added 3 decades of economic decline in Iraq, and each contract is zero, holding Iran-Iraq war has a zero, and the holding of the blockade has zero, and the events of 2003 have zero, and these three zeroes represent the pain of the Iraqi people, and delete it represents the hopes of the Iraqi people in progress, freedom and prosperity. " And the controversy that has occurred between the government and parliament on the central bank said the benefit that "there is a leap of faith from the government and parliament, the independence of the central bank, but there is a lack of understanding or a blur in the partnership." He stressed "I do not value the independence of the Central Bank unless a partner of the government, because the government is large in Iraq, and we are custodians of public funds." "What is the level of partnership?". And "We understand the partnership as our membership of the Committee on Economic Affairs, and it seems that the framework of the partnership is not enough." And showed his belief that "the partnership must take another framework, and the level of partnership with the government should grow up, does not mean government intervention in the Central Bank, because they do not want to interfere, but the government wants to know about the central bank a lot of things, and it seems to me that there is poor organization , and we need to continue to ring with the government or a point of understanding because we miss this. " He emphasized the benefit, "as we meet with the Economic Committee in Parliament, it must meet with the government on the part of a broader, and this strengthens us not weaken our independence is not an infringement of the government to the central bank, and there must be an atmosphere of mutual understanding in the public interest." On the high Altdhm in the country, Saleh said, "The inflation today, according to the month of April is 7.6 percent. This basis adopted by the Central Bank". "It is true there is inflation up to 8 percent, but it deleted some of the variables of emergency is not worrying." He explained that "there are two main factors behind inflation are the fluctuations that have occurred in the Iraqi dinar exchange rate against the dollar, and the housing sector." He added that "Housing is running almost 31 percent of the money in circulation, and this is a problem in Iraq, and that the high rents and electricity prices also impact on inflation." Salih stressed that "the main objective and the basis in the law of the central bank cut rates, and response of inflation, and one of the policies to address inflation, raising the dinar exchange rate to match the balance of payments surplus of Iraq, particularly in the current account." http://www.burathanews.com/news_article_157609.html 7 Link to comment Share on other sites More sharing options...
Butifldrm Posted May 23, 2012 Report Share Posted May 23, 2012 Bump Link to comment Share on other sites More sharing options...
Double R Posted May 23, 2012 Report Share Posted May 23, 2012 Ton of stuff in this article...as usual needs interpretation. Link to comment Share on other sites More sharing options...
Popular Post Stryker365 Posted May 23, 2012 Popular Post Report Share Posted May 23, 2012 I THOUGHT I'D DROP IN AND SAY HI AND BREAK ONE DOWN FOR THE GREAT FOLKS HERE..... *** Saleh said, "I suggested that healed with a decision of the Committee of the House of Representatives and the government and the central bank and decides to delete the zeros start date." *** whether we are capable of it *** "if the Commission met at any time and any decision to proceed has decided to delete the zeros of work, we are ready to begin."............we are ready to begin.......WOW, I REALLY LIKE THIS STATEMENT......we are ready to begin THIS NEXT ONE GETS BROKEN DOWN EVEN MORE; *** "the deletion of zeros as a project and infrastructure and create the foundations of incomplete and concepts, which is different from issuing a new class of currency, with the consequent deletion of three ranks of calculation from the accounts of the Republic of Iraq starting from the family budget and ending the public budget of the State". ........which is different from issuing a new class of currency.....DELETE THE 000's OFF THE MARKET AND NO 000's ON THE NEW CURRENCY IS DIFFERENT FROM EACH OTHER IMO... .......with the consequent deletion of three ranks of calculation from the accounts of the Republic of Iraq starting from the family budget and ending the public budget of the State........FAMILY BUDGET.....PUBLIC BUDGET...IS THIS WHY WE HAVEN'T SEEN THE BUDGET BECAUSE IT HAS INCREASED AND THEY CAN'T SHOW IT YET.....SOME WILL SAY THIS IS A LOP BUT...... ....FOLKS IF THEY LOP THE 000's AS SOME KEEP SAYING THE CITIZENS SAVINGS GO DOWN IN VALUE OR STAY THE SAME, DO WE REALLY THINK THAT THEY WILL TAX BY TARIFFS AND NOT INCREASE BUT MAYBE EVEN DECREASE THE PEOPLES WEALTH, AS LITTLE AS THEY HAVE?....I DON'T... GREAT ARTICLE k98nights!!!!!........LOTS OF INFO IN IT IMO 32 1 Link to comment Share on other sites More sharing options...
zigmeister Posted May 23, 2012 Report Share Posted May 23, 2012 There is ton of stuff in this article. Partly I think this is CBI PR guys trying to push the article this morning that CBI was accused of money laundering by the government. CBI is promoting their plan to delete zero's and so forth. Link to comment Share on other sites More sharing options...
shabbadude Posted May 23, 2012 Report Share Posted May 23, 2012 Agreed a ton of info, but the best piece I think was this: According to Saleh, "the central bank is looking forward in the coming months, to be equal to the 1000 dinars, one dollar, and we are coming to raise the dinar exchange rate in proportion to its strength." C'mon baby, daddy needs a new pair of shoes! (no, really.... I do need a new pair of boots) 3 Link to comment Share on other sites More sharing options...
rightsonword Posted May 23, 2012 Report Share Posted May 23, 2012 Agreed a ton of info, but the best piece I think was this: According to Saleh, "the central bank is looking forward in the coming months, to be equal to the 1000 dinars, one dollar, and we are coming to raise the dinar exchange rate in proportion to its strength." C'mon baby, daddy needs a new pair of shoes! (no, really.... I do need a new pair of boots) I like the sound of that, too. But the only thing that scare same about it is that it sets them up for an easy three zero lop if they choose to do so of the banknotes nominal value. 1 Link to comment Share on other sites More sharing options...
SPRAYERDUDE Posted May 23, 2012 Report Share Posted May 23, 2012 (edited) Agreed a ton of info, but the best piece I think was this: According to Saleh, "the central bank is looking forward in the coming months, to be equal to the 1000 dinars, one dollar, and we are coming to raise the dinar exchange rate in proportion to its strength." C'mon baby, daddy needs a new pair of shoes! (no, really.... I do need a new pair of boots) +1 We need some up beat comments for moral. Lots of undercover LOPSTERS with their opinions "and we know what opinions are like and most have one or are one" Edited May 23, 2012 by SPRAYERDUDE 2 1 Link to comment Share on other sites More sharing options...
leesburg Posted May 23, 2012 Report Share Posted May 23, 2012 ...i have said in the past they would bring the dinar up to 1000 per dollar before they drop the zeros and rd 1000 old for one new .. as well as make the new dinar worth 1 dollar ..i hope they make the old dinars internationally tradable as well as the new dinar .. i hate to pay a dealer to exchange my dinars in .. i also hope "if" they do lop they do rv at 3 or 4 dollars .. per dinar .. and make the old dinars exchangable ... a straight up rv at a dollar per dinar would of course be our best scenario...we all are hoping that happens .. but i havent read any news that says thats going to happen .. all that is speculation,,, its like a just in case they do .. buy your dinars and hold them theory ...a million dollars for a 1000 investment ,,, never heard of such a thing .. the arguement is .. "iraq is different "....lol but i bought into it ...we will see .. no ones opinion affects the way i feel about this investment .. its all on me when its all said and done name calling doesnt affect me either .. neither does negative ratings on my opinion .. its the same day in and day out .. i make my own bed .. and i sleep in it .. there are some smart people here and i appreciate their comments ,, then there are those who comment on someone elses comments .. lol 5 2 Link to comment Share on other sites More sharing options...
simon8957 Posted May 23, 2012 Report Share Posted May 23, 2012 I THOUGHT I'D DROP IN AND SAY HI AND BREAK ONE DOWN FOR THE GREAT FOLKS HERE..... *** Saleh said, "I suggested that healed with a decision of the Committee of the House of Representatives and the government and the central bank and decides to delete the zeros start date." *** whether we are capable of it *** "if the Commission met at any time and any decision to proceed has decided to delete the zeros of work, we are ready to begin."............we are ready to begin.......WOW, I REALLY LIKE THIS STATEMENT......we are ready to begin THIS NEXT ONE GETS BROKEN DOWN EVEN MORE; *** "the deletion of zeros as a project and infrastructure and create the foundations of incomplete and concepts, which is different from issuing a new class of currency, with the consequent deletion of three ranks of calculation from the accounts of the Republic of Iraq starting from the family budget and ending the public budget of the State". Holy Cow...theres Stryker...thaks for the break down...I for one have greatly missed you!!!!!! ........which is different from issuing a new class of currency.....DELETE THE 000's OFF THE MARKET AND NO 000's ON THE NEW CURRENCY IS DIFFERENT FROM EACH OTHER IMO... .......with the consequent deletion of three ranks of calculation from the accounts of the Republic of Iraq starting from the family budget and ending the public budget of the State........FAMILY BUDGET.....PUBLIC BUDGET...IS THIS WHY WE HAVEN'T SEEN THE BUDGET BECAUSE IT HAS INCREASED AND THEY CAN'T SHOW IT YET.....SOME WILL SAY THIS IS A LOP BUT...... ....FOLKS IF THEY LOP THE 000's AS SOME KEEP SAYING THE CITIZENS SAVINGS GO DOWN IN VALUE OR STAY THE SAME, DO WE REALLY THINK THAT THEY WILL TAX BY TARIFFS AND NOT INCREASE BUT MAYBE EVEN DECREASE THE PEOPLES WEALTH, AS LITTLE AS THEY HAVE?....I DON'T... GREAT ARTICLE k98nights!!!!!........LOTS OF INFO IN IT IMO 1 Link to comment Share on other sites More sharing options...
Niteflyer Posted May 23, 2012 Report Share Posted May 23, 2012 we'll see 1 1 Link to comment Share on other sites More sharing options...
cagedufc Posted May 23, 2012 Report Share Posted May 23, 2012 (edited) CBI’s Saleh: Dropping zeros from currency represents progress, freedom, and propserity Central: Open the windows of the Rafidain and Rasheed reduce the exchange rate of the dinar against the dollar to 4% 23/05/2012 PM Reduced the open windows of selling the dollar in the Rafidain and Rasheed of the low exchange rate of the dinar against the dollar to 4 percent, compared to the exchange rate difference of about two weeks ago. He was a senior official at the Central Bank in the hope that the difference up to 2 percent on the price of the auction. The two banks will sell each citizen Aovernmaan 10 thousand dollars up to a maximum. The central bank announced yesterday, the largest direct banks in Iraq to sell one U.S. dollar for the citizens at 1189 dinars. In an extensive interview with the “world” on Tuesday, said the appearance of Mohammed Saleh, deputy central bank governor, said that “our procedures last to authorize a bank Rafidain and Rasheed to sell the dollar, the impact of a positive lower price. And the dinar fell about 7 percent in the previous days, and today (yesterday) arrived decline to 4 percent. ” He expressed the hope that “up the difference between the auction and the market to 2 percent, a figure that is acceptable globally and natural differences in price.” According to Saleh, “the central bank is looking forward in the coming months, to be equal to the 1000 dinars, one dollar, and we are coming to raise the dinar exchange rate in proportion to its strength.” He explained that “the two banks of government Sasudan every citizen wants hard currency with 10 thousand dollars only, and this is one of the instructions and monitoring agency funds, which obliges the citizen not to carry cash of foreign currency more than 10 thousand dollars, and this is the case in all the world, as well as in airports , and for that to be increased by transfer or credit card. “ Saleh said that “windows will sell and not in cash transfers, because transfers carried out by the auction.” He pointed out that “the central bank provides about 50 per week with 250 thousand dollars for each bank, and 40 money transfer company with 75 thousand dollars each week, and 300 foreign exchange company with 75 thousand dollars a week as well.” “We assume these to sell at auction to the citizens, a 1179 commission plus 10 dinars.” Saleh expressed his deep regret about the “transformation of banks and remittance companies and banking from brokers to buyers end-of the auction, sellers end-to the customer, and they started to impose price monopoly, which represents the prices of the parallel market which have a role in, and remained the bubble price continues for the benefit of monopoly.” He attributed the benefit of open windows to sell the dollar bankers in government to “create a market monopoly competition against our law is forbidden.” He continued, “we have introduced the Rafidain and Rasheed, two of the largest banks in Iraq and Isthoman to 86 percent of the banking activity in Iraq, and their branches constitute 50 percent of bank branches in Iraq Adkhalnahma in the sale of foreign currency at the official rate of the Central Bank plus the commission is simple, for the benefit of the Iraqi citizen.” Salih stressed, “We get the foreign currency more than we sell, and cash reserves at the central bank between $ 62 and $ 63 billion, the highest in the history of Iraq, monetary and financial.” And on the developments of the project to delete the zeros of the Iraqi currency, Saleh said, “I suggested that healed with a decision of the Committee of the House of Representatives and the government and the central bank and decides to delete the zeros start date.” He expressed the belief that “scientific and economic project, and all those concerned in the government support him, and who speaks against him question the Toukatadth, and the extent of its potential, and whether we are capable of it.” However, “these questions objectively.” He noted the benefit “if the Commission met at any time and any decision to proceed has decided to delete the zeros of work, we are ready to begin.” He stressed that “the deletion of zeros as a project and infrastructure and create the foundations of incomplete and concepts, which is different from issuing a new class of currency, with the consequent deletion of three ranks of calculation from the accounts of the Republic of Iraq starting from the family budget and ending the public budget of the State”. He cautioned that “such a project needs to be concerted efforts of both the central bank, parliament, government, and the approval of the last two on the project is important for its success.” And returned in favor of the project’s importance also to “reduce the computational reproduction, which has become a troublesome and tired, so there are operational risks because of the large numbers that are the product of an earlier stage.” He believed that the “zeros currency of the three added 3 decades of economic decline in Iraq, and each contract is zero, holding Iran-Iraq war has a zero, and the holding of the blockade has zero, and the events of 2003 have zero, and these three zeroes represent the pain of the Iraqi people, and delete it represents the hopes of the Iraqi people in progress, freedom and prosperity. “ And the controversy that has occurred between the government and parliament on the central bank said the benefit that “there is a leap of faith from the government and parliament, the independence of the central bank, but there is a lack of understanding or a blur in the partnership.” He stressed “I do not value the independence of the Central Bank unless a partner of the government, because the government is large in Iraq, and we are custodians of public funds.” “What is the level of partnership?”. And “We understand the partnership as our membership of the Committee on Economic Affairs, and it seems that the framework of the partnership is not enough.” And showed his belief that “the partnership must take another framework, and the level of partnership with the government should grow up, does not mean government intervention in the Central Bank, because they do not want to interfere, but the government wants to know about the central bank a lot of things, and it seems to me that there is poor organization , and we need to continue to ring with the government or a point of understanding because we miss this. “ He emphasized the benefit, “as we meet with the Economic Committee in Parliament, it must meet with the government on the part of a broader, and this strengthens us not weaken our independence is not an infringement of the government to the central bank, and there must be an atmosphere of mutual understanding in the public interest.” On the high Altdhm in the country, Saleh said, “The inflation today, according to the month of April is 7.6 percent. This basis adopted by the Central Bank”. “It is true there is inflation up to 8 percent, but it deleted some of the variables of emergency is not worrying.” He explained that “there are two main factors behind inflation are the fluctuations that have occurred in the Iraqi dinar exchange rate against the dollar, and the housing sector.” He added that “Housing is running almost 31 percent of the money in circulation, and this is a problem in Iraq, and that the high rents and electricity prices also impact on inflation.” Salih stressed that “the main objective and the basis in the law of the central bank cut rates, and response of inflation, and one of the policies to address inflation, raising the dinar exchange rate to match the balance of payments surplus of Iraq, particularly in the current account.” burathanews Edited May 24, 2012 by Markinsa Merged Topics Link to comment Share on other sites More sharing options...
Double R Posted May 23, 2012 Report Share Posted May 23, 2012 But it's a neutral event. Link to comment Share on other sites More sharing options...
hammer911 Posted May 23, 2012 Report Share Posted May 23, 2012 You go man!!!! I THOUGHT I'D DROP IN AND SAY HI AND BREAK ONE DOWN FOR THE GREAT FOLKS HERE..... *** Saleh said, "I suggested that healed with a decision of the Committee of the House of Representatives and the government and the central bank and decides to delete the zeros start date." *** whether we are capable of it *** "if the Commission met at any time and any decision to proceed has decided to delete the zeros of work, we are ready to begin."............we are ready to begin.......WOW, I REALLY LIKE THIS STATEMENT......we are ready to begin THIS NEXT ONE GETS BROKEN DOWN EVEN MORE; *** "the deletion of zeros as a project and infrastructure and create the foundations of incomplete and concepts, which is different from issuing a new class of currency, with the consequent deletion of three ranks of calculation from the accounts of the Republic of Iraq starting from the family budget and ending the public budget of the State". ........which is different from issuing a new class of currency.....DELETE THE 000's OFF THE MARKET AND NO 000's ON THE NEW CURRENCY IS DIFFERENT FROM EACH OTHER IMO... .......with the consequent deletion of three ranks of calculation from the accounts of the Republic of Iraq starting from the family budget and ending the public budget of the State........FAMILY BUDGET.....PUBLIC BUDGET...IS THIS WHY WE HAVEN'T SEEN THE BUDGET BECAUSE IT HAS INCREASED AND THEY CAN'T SHOW IT YET.....SOME WILL SAY THIS IS A LOP BUT...... ....FOLKS IF THEY LOP THE 000's AS SOME KEEP SAYING THE CITIZENS SAVINGS GO DOWN IN VALUE OR STAY THE SAME, DO WE REALLY THINK THAT THEY WILL TAX BY TARIFFS AND NOT INCREASE BUT MAYBE EVEN DECREASE THE PEOPLES WEALTH, AS LITTLE AS THEY HAVE?....I DON'T... GREAT ARTICLE k98nights!!!!!........LOTS OF INFO IN IT IMO 1 Link to comment Share on other sites More sharing options...
precious1 Posted May 23, 2012 Report Share Posted May 23, 2012 Thanks Stryker! I always look forward to reading your breakdowns! 1 Link to comment Share on other sites More sharing options...
Butifldrm Posted May 23, 2012 Report Share Posted May 23, 2012 Wow Stryker! So good to see you back! 4 Link to comment Share on other sites More sharing options...
Doctor Smith Posted May 24, 2012 Report Share Posted May 24, 2012 so there are operational risks because of the large numbers that are the product of an earlier stage." He believed that the "zeros currency of the three added 3 decades of economic decline in Iraq, and each contract is zero, holding Iran-Iraq war has a zero, and the holding of the blockade has zero, and the events of 2003 have zero, and these three zeroes represent the pain of the Iraqi people, and delete it represents the hopes of the Iraqi people in progress, freedom and prosperity. " And the controversy that has occurred between the government and parliament on the central bank said the benefit that "there is a leap of faith from the government and parliament, the independence of the central bank, but there is a lack of understanding or a blur in the partnership."Read more: http://dinarvets.com/forums/index.php?/topic/118020-central-open-the-windows-of-the-rafidain-and-rasheed-reduce-the-exchange-rate-of-the-dinar-against-the-dollar-to-4/#ixzz1vjxsiS8j Talking like they intend to return the value to the currency. Almost have me believing they won't lop. Could be selling camel dung sandwiches though. Link to comment Share on other sites More sharing options...
onerighthand Posted May 24, 2012 Report Share Posted May 24, 2012 Stryker, I hated to see you leave. Great to see you back and please stay a while. There is a large hole here that needed filling and it's not what you gutter brains are thinkin and I wasn't thinkin that either. 2 Link to comment Share on other sites More sharing options...
TheArtistFormallyKnownAs Posted May 24, 2012 Report Share Posted May 24, 2012 Hey Admin Sir Take away Strykers restrictions please ,He/She brings so much to the Forum and all the Forum thinks so, look at all the Greens. You got to love Democracy. 8 ) 2 Link to comment Share on other sites More sharing options...
yota691 Posted May 24, 2012 Report Share Posted May 24, 2012 I THOUGHT I'D DROP IN AND SAY HI AND BREAK ONE DOWN FOR THE GREAT FOLKS HERE..... *** Saleh said, "I suggested that healed with a decision of the Committee of the House of Representatives and the government and the central bank and decides to delete the zeros start date." *** whether we are capable of it *** "if the Commission met at any time and any decision to proceed has decided to delete the zeros of work, we are ready to begin."............we are ready to begin.......WOW, I REALLY LIKE THIS STATEMENT......we are ready to begin THIS NEXT ONE GETS BROKEN DOWN EVEN MORE; *** "the deletion of zeros as a project and infrastructure and create the foundations of incomplete and concepts, which is different from issuing a new class of currency, with the consequent deletion of three ranks of calculation from the accounts of the Republic of Iraq starting from the family budget and ending the public budget of the State". ........which is different from issuing a new class of currency.....DELETE THE 000's OFF THE MARKET AND NO 000's ON THE NEW CURRENCY IS DIFFERENT FROM EACH OTHER IMO... .......with the consequent deletion of three ranks of calculation from the accounts of the Republic of Iraq starting from the family budget and ending the public budget of the State........FAMILY BUDGET.....PUBLIC BUDGET...IS THIS WHY WE HAVEN'T SEEN THE BUDGET BECAUSE IT HAS INCREASED AND THEY CAN'T SHOW IT YET.....SOME WILL SAY THIS IS A LOP BUT...... ....FOLKS IF THEY LOP THE 000's AS SOME KEEP SAYING THE CITIZENS SAVINGS GO DOWN IN VALUE OR STAY THE SAME, DO WE REALLY THINK THAT THEY WILL TAX BY TARIFFS AND NOT INCREASE BUT MAYBE EVEN DECREASE THE PEOPLES WEALTH, AS LITTLE AS THEY HAVE?....I DON'T... GREAT ARTICLE k98nights!!!!!........LOTS OF INFO IN IT IMO KEEP IT UP This is Great Breakdown Bro!! Thanks for the post K98 3 Link to comment Share on other sites More sharing options...
GotSix Posted May 24, 2012 Report Share Posted May 24, 2012 Yea that was my thinking... They are going to raise the value to 1000:1 within the next few months. After this they basically have two options: 1) Keep increasing the value 2) LOP bringing the value exactly 1:1 with the Dollar. Nothing lost nothing gained, except for exchange fees and the premiums we paid for the currency of course. I'm confused ....cause when I first got on this sight you were soooo for option 1)...... now seeing all your current posts I'm not sooo sure so please which option do you really prefer....& no flip flopping please............. 2 1 Link to comment Share on other sites More sharing options...
yota691 Posted May 24, 2012 Report Share Posted May 24, 2012 Already posted Posted Today, 06:54 AM Central: Open the windows of the Rafidain and Rasheed reduce the exchange rate of the dinar against the dollar to 4% Haider Ali Jawad - 23/05/2012 PM - 1:25 p.m. | Hits: 25 Read more: 1 Link to comment Share on other sites More sharing options...
Lenape Posted May 24, 2012 Report Share Posted May 24, 2012 Just got home and one of the first things I see is Stryker365.......Great to hear from you Sir. ... Hope you and everyone are ok, be well and please do hang with us for this short duration :) 5 Link to comment Share on other sites More sharing options...
Frogee Posted May 24, 2012 Report Share Posted May 24, 2012 Great to have you back Stryker365. Hope you can hang for awhile. 4 Link to comment Share on other sites More sharing options...
Acepup Posted May 24, 2012 Report Share Posted May 24, 2012 Great to have you back Stryker365. Hope you can hang for awhile. Copy that! The Dude abides... 3 Link to comment Share on other sites More sharing options...
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