Central bank implements new policies aimed at making the dinar more competetive in foreign exchange??

[DinarNate]

Seems like a good article but i dunno, help me out knowledgeable people

Central Bank announces its intention to implement several resolutions aimed at stabilizing exchange rates wor

Baghdad / justice - 03/17/2013 - 2:26 am | Number of readers: 1

Iraqi Central Bank announced that it is implementing a number of decisions aimed at stabilizing exchange rates of foreign currencies, stressing that responsible for maintaining this stability commensurate with concern for the stability of the dinar exchange rate

According to data of the Iraqi economy., The bank said in a press statement received (justice) copy of it, he was "closely following the changes in exchange rates in the domestic market and the high price of foreign currency in the secondary markets in Iraq regardless of the reasons for these changes and sources and intentions manipulated, the Bank remains is responsible for stability and commensurate with ensuring the stability of the dinar exchange rate according to data of the Iraqi economy. "said Bank to as" the process of implementing a number of decisions taken by the Board of Directors, which aims to achieve this stability, "adding that his asylum to take this decisions comes "in order not exposed stakeholders real and legitimate business investors to damage can cause بنشاطهم economic result expected change prices for what is prevalent in the past few days." and witnessing the Iraqi market volatility since a period in the Iraqi dinar exchange rate against the U.S. dollar, recording an increase Price set by the Central Bank of Iraq, while Economists attributed the rise in the price of the dollar against the dinar to increase the demand for it

Source

Edited March 18, 2013 by Bumper64
Removed link to another dinar site

[thylocene]

My observation has been that the Iraqi Dinar is extremely stable.  The main concern (hangup) is the dipping American dollar.  As soon as they (Iraq) can start trusting their own currency then there should be no more worries in this area.  An RV would kick start this.  All we need is the lead domino to fall i.e. the HCL and then everything else will follow.

[sandfly]

YEP

[deniscanada]

Central Bank announces its intention to implement several resolutions aimed at stabilizing exchange rates wor

 Baghdad / justice - 03/17/2013 - 2:26 am | Hits: 42

Iraqi Central Bank announced that it is implementing a number of decisions aimed at stabilizing exchange rates of foreign currencies, stressing that responsible for maintaining this stability commensurate with concern for the stability of the dinar exchange rate

According to data of the Iraqi economy., The bank said in a press statement received (justice) copy of it, he was "closely following the changes in exchange rates in the domestic market and the high price of foreign currency in the secondary markets in Iraq regardless of the reasons for these changes and sources and intentions manipulated, the Bank remains is responsible for stability and commensurate with ensuring the stability of the dinar exchange rate according to data of the Iraqi economy. "said Bank to as" the process of implementing a number of decisions taken by the Board of Directors, which aims to achieve this stability, "adding that his asylum to take this decisions comes "in order not exposed stakeholders real and legitimate business investors to damage can cause economic result expected change prices for what is prevalent in the past few days." and witnessing the Iraqi market volatility since a period in the Iraqi dinar exchange rate against the U.S. dollar, recording an increase Price set by the Central Bank of Iraq, while Economists attributed the rise in the price of the dollar against the dinar to increase the demand for it

 

http://translate.google.ca/translate?hl=en&sl=ar&u=http://www.faceiraq.com/inews.php%3Fid%3D1506347&prev=/search%3Fq%3Dhttp://www.faceiraq.com/inews.php%253Fid%253D1506347%26hl%3Den%26biw%3D1306%26bih%3D575&sa=X&ei=xmpFUZ_RBcXLyQHk6IHoAg&sqi=2&ved=0CC8Q7gEwAA

 

 

[dontlop]

i got the dollar has been  rising in value  creating demand for the dollar over the dinar so the dinars demand  is falling  which is devaluing the dinar  so they are going to stablize that situation .they are  just letting everyone know that they see the problem and are working on it ..

[deniscanada]

Central Bank announces its intention to implement several resolutions aimed at stabilizing exchange rates wor

Baghdad / justice - 03/17/2013 - 2:26 am | Number of readers: 1
Iraqi Central Bank announced that it is implementing a number of decisions aimed at stabilizing exchange rates of foreign currencies, stressing that responsible for maintaining this stability commensurate with concern for the stability of the dinar exchange rate

According to data of the Iraqi economy., The bank said in a press statement received (justice) copy of it, he was "closely following the changes in exchange rates in the domestic market and the high price of foreign currency in the secondary markets in Iraq regardless of the reasons for these changes and sources and intentions manipulated, the Bank remains is responsible for stability and commensurate with ensuring the stability of the dinar exchange rate according to data of the Iraqi economy. "said Bank to as" the process of implementing a number of decisions taken by the Board of Directors, which aims to achieve this stability, "adding that his asylum to take this decisions comes "in order not exposed stakeholders real and legitimate business investors to damage can cause  economic result expected change prices for what is prevalent in the past few days." and witnessing the Iraqi market volatility since a period in the Iraqi dinar exchange rate against the U.S. dollar, recording an increase Price set by the Central Bank of Iraq, while Economists attributed the rise in the price of the dollar against the dinar to increase the demand for it

Edited March 17, 2013 by deniscanada

[dontlop]

they seem to be attributing the problem to the demand for the dollar .. thats what happens when the economy takes off .. the demand for the dollar takes off because the currencys are converted to dollars  for oil .. then they get converted to dinars ...  but everyone uses more oil during good economic times .. its only going to get better as the global economy gets better ..

[tilak]

LOL...1166 for how long.  It is as stable as it can be.

[hammer911]

IMO, The U. S. is making the dollar go up with the high stock market and recovery of the econemy (weather it's true or not)...to force Iraq dinar to go down to show them we can and will control the dinar. With this said, IMO, we are doing this to force them into RV... We are the only currency that has the opertunity to do this......   GO RV!!!~~~

[imgesing]

We aren't doing anything with the US dollar for the sake of the Dinar... We have a much bigger world wide reason than simply one small country. We don't need them and we basically have pegs in their future not the other way around... I think there is enough pressure on them in other ways than just our dollar trade. Yet oil is pegged to the dollar and might have an influence on an upward swing for them to profit more on sales.

[Frogee]

Question. I thought the dinar was pegged to the dollar, so when the dollar rises why doesn't the dinar?

[Nelson0528]

The dollar is not rising... don't let them fool you. The feds are still printing money and all that does is dilute the value of the existing dollars... this whole situation is more closely related to China and the trade imbalance and undervalued renmimbi (yuan)...

[Nelson0528]

... which means that the value of the Dinar is even lower, if it cannot maintain its peg against a declining dollar... so many variables...

 

i will be glad when this is finally over... I grow weary...

[sandyf]

Central banks sometimes intervene in the foreign exchange market in an attempt to influence the

price of its currency against that of a major trading partner, or a country that it “fixes” or “pegs” its

currency against. Intervention is the process of using foreign currency reserves to buy one’s own

currency in order to decrease its supply and thus increase its value in the foreign exchange market, or

alternatively, selling one’s own currency for foreign currency in order to increase its supply and lower its

price.

Read more: http://dinarvets.com/forums/index.php?/topic/143794-the-forex-saga/#ixzz2NsUwICgi

Edited March 18, 2013 by sandyf