World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar

[yota691]

 World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar  

Published on Sunday, 24 March / March 2013 15:39 | Written by: MW / AR / N | | |

BAGHDAD / obelisk: counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed "It's an important step was waiting for Iraq to raise the value of the dinar."

 

Said Shukri for "obelisk", "The announcement of the World Bank to begin implementation of its plans to restructure the Rafidain Bank and Rasheed Bank government is an important step had been waiting Iraq," noting that "financial welcomed move the World Bank in this direction because this restructuring will ensure the country make the most of these institutions big human Bakdarathma and expertise accumulated by the cadres and joint coordination to guide these estimators. "

 

He added that "the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan," explaining that "the banking sector is suffering in general laziness around to institutions consumer is active in the financial sector the most traffic The boom in the economy in general. "

 

He pointed out that "the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything."

 

Noteworthy that the second Gulf War led to a decline in the value of the Iraqi dinar in an unprecedented way to reach the Iraqi dinar to 0.144 U.S. dollars, which led to cripple the banking sector until the year

[sandfly]

BRING IT ON

[bostonangler]

Big news coming out lately... Kerry arriving today. The Kuwaitis coming in April. Budget done and approved... IMF moving to Article 8... And now this story... It seems things are moving really fast toward some kind of an end.... Perhaps this investment will actually turn out to be "The Real Thing" 

 

 

B/A

[mcuman]

O M G !!!!

   

[dweave69]

.14 cents.  I'd take it.

[jeepguy]

i`m not sure where the .144 is comeing from , the way they state it ,  after the war the dinar went down too .144 <--- i believe it went to .3000 range then came back up to 1160 where it is now, --------> i am thinking the .144 might be what they are about to get it up to  { like dweave said to .14 } i will be right behind dweave , !!!    and yes indeed a lot of great things comeing out in the iraqi news fronts,,, let the fun begin next week .14  ,,,,   another great job from master yota ------> news ,to see , great find yota surely bring pages  of  { yota speak   }

[OZmosis]

Woo the Hoo.

Woops - I meant woo hoo - or woo to the hoo - which translates to things are looking up.  Seems like things are happening and we almost know "when" and we almost know "how much" and so soon the word soon will be history.

[rsskelton]

Ok yota, I'm getting really worn out telling you hundreds of times what a great find this is, what a great find that is!. From now on, when you see me post the word DING, you'll know you just got a+ 1 from me. Great job!   DING!

Edited March 24, 2013 by rsskelton

[RVPleaseToday]

I think it's a bad translation. I'm guessing they mean get it back to 1440 to the dollar.

[OZmosis]

I prefer to look on the brighter side of dots and digits.

[Kaduku]

More great news like the approval of the budget, and now being sent to the Gazzette!!! Awesome, just awesome!

[RVPleaseToday]

Well, yeah! But, the decimal point problem happens often with translations.

They are unlikely to announce an RV ahead of time.

[blueskyline]

I don't feel that a return to .144 would restore their value . Do to the gulf war the value declined to .144 which crippled the banking sector . I think we are moving to a far greater return than the amount that lead to a crippled banking sector. Either way . Yota you are priceless to us all

[zul]

Yota  . DING!

[Choppermike]

.14 cents.  I'd take it.

In a heart beat!!!

[easyrider]

Well... this sure brings a smile to my face!!! Bring it.  Great article.

Big news coming out lately... Kerry arriving today. The Kuwaitis coming in April. Budget done and approved... IMF moving to Article 8... And now this story... It seems things are moving really fast toward some kind of an end.... Perhaps this investment will actually turn out to be "The Real Thing" 

 

 

B/A

you got that right.  Iraq wants to play with the BIG boys now.

[RAGARCIA62]

Come on rv. So close ow. Woo hoo.

[SocalDinar]

Interesting article Yota. Thanks

 

Thinking the same thing as many of you that 14 cents would get me out of this game with no looking back.

[ChuckFinley]

Thinking closer to .10 with the spread, but that still buys a lot of beer. Sounds good to me. Thanks Yota.

[Alex38]

great article!

[unirod]

Scooter research did a very nice spread on the World Bank requirements for Iraqs State banks in restructuring their debt. I believe they may have indeed met the earmark requirements. Rasheed has begun loaning money again to consumers. Still waiting to see the London branch of the Rafadain Bank to open again. This will signal iraqs international Banking ambitions...IMO

Ding Yota!!

[onerighthand]

Woo Ding Hoo!

 

Hope this is good info

[Lutie]

Would you all be thinking .14 and then float up some?

[idplzr]

Would you all be thinking .14 and then float up some?

I would think it would have to float up. I would probably cash out enough to be dept free then ride the rest cashing some at incremental levels depending on the rate and if there is a time limit to cash old notes in.

Edited March 25, 2013 by idplzr

[rozman]

It is "VERY INTERESTING????"

 Seriously, things are looking very promising for when it will happen (soon). My question to Dinar Vets is where is there some hard evidence as to the rate? Seems to me that there is a lots of speculation that comes from subjective interpretations of the intel that is being propogated. Give us some good hard facts.