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bostonangler

IQD exchange rate soars against USD; Anticipates continues rise with confidence

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After Iraq emerged from provisions of CH VII, IQD exchange rate soars against USD; Anticipates continues rise with confidence

Posted: June 28, 2013 

 

screen-shot-2013-06-28-at-7-52-08-pm.png29-06-2013

Hours after Iraq concludes from the provisions of Chapter VII, the exchange rate of the Iraqi dinar soared against the dollar.

As a member of the Association of private banks Saif Al hilfi, “Iraqi dinar exchange rate against the dollar has seen a return to normal levels after Iraq output resolution of the provisions of Chapter VII.”

John said in an interview for (News Centre for the Iraqi media network): “the rate of the dinar against the dollar stabilized at 1210 dinars per dollar,” pointing out that the coming days would witness continuous rise of the Iraqi dinar value.

and John explained that override the provisions of Chapter VII a huge benefit, and that everyone has confidence in Iraqi dinar, Iraq has large financial reserves.

The next phase will witness a new investment trend is popular companies and investors and citizens to invest in the Iraqi dinar, stressing that the economic scene readings indicate a significant demand for the dinar will contribute to raising the price paid to foreign currencies.

 

article 2

After the disposal of the international provisions increase in the value of the Iraqi dinar

29-06-2013

Hours after rid Iraq of the provisions of Chapter VII of money, saw the exchange rate of the Iraqi dinar rise against the dollar.

According to a member of the Association of private banks Hilfi, the sword, “the Iraqi dinar exchange rate against the U.S. dollar saw a return to a normal pace after the decision to remove Iraq from the provisions of Chapter VII.”

Hilfi said in an interview (Center Brief for the Iraqi Media Network): “The rates of the dinar exchange rate against the dollar stabilized at 1210 dinars per dollar,” pointing out that the coming days will witness a rise continuously to the value of the Iraqi dinar. And ills Hilfi so that the bypass provisions of Chapter VII gain large, and everyone became confident in Iraqi dinars, especially in light of the large financial reserves of Iraq.

He added that the coming stage will witness a new investment-oriented is turnout companies and investors and citizens to invest in the Iraqi dinar, stressing that the economic landscape readings indicate the presence of a great demand for the dinar will contribute to raising the exchange rate against foreign currencies.

 

 

http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http://www.sotaliraq.com/iraq-news.php%3Fid%3D106239%23axzz2XYrtJGrt

 

 

B/A

 

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This is how it starts my friends... First the news... Then the outside world gets wind of it... Then people start to believe there may be something to this... Then the big boys move in and take all they can get... The only difference this time is that little folks like us got in from the beginning and will enjoy the fruits of their greed... GO RV!!!!!!

 

Baby steps are alright with me... This may take a minute but as you've just read, it is going up!!!

 

 

B/A

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The market rate is up from a recent low caused by bad policies.  We need more policy change to build more confidence and hopefully reduce the money supply.

Thanks Bostonangler.

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Its been 1166 for months now. Now drop the 000 at the end and we got News

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Nothing new , it was at 1166 at one time....

Agreed !, forgive me if I am wrong but it seams to be going the wrong way !

Just saying ! :shrug:

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Agreed !, forgive me if I am wrong but it seams to be going the wrong way !

Just saying ! :shrug:

I was waiting to post to see one person realize it wasn't going in the direction we wanted. 

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I was waiting to post to see one person realize it wasn't going in the direction we wanted. 

Thats because the rate they are discussing in the article is the street rate which I believe last week was being reported as 1345 or something .... so it is going in the right direction. 

 

The program rate is what we are waiting to see changed IMO I believe is being discussed here when he says, "readings indicate the presence of a great demand for the dinar will contribute to raising the exchange rate against foreign currencies."

 

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Thats because the rate they are discussing in the article is the street rate which I believe last week was being reported as 1345 or something .... so it is going in the right direction. 

 

The program rate is what we are waiting to see changed IMO I believe is being discussed here when he says, "readings indicate the presence of a great demand for the dinar will contribute to raising the exchange rate against foreign currencies."

 

 

Good catch supergirl.

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personally, i wouldn't call that "soaring."  when it goers under a thousand then i will

I agree, I won't be thrilled until the rate gets to below one thousand.

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"will witness a rise continuously to the value of the Iraqi dinar. And ills Hilfi so that the bypass provisions of Chapter VII gain large, and everyone became confident in Iraqi dinars, especially in light of the large financial reserves of Iraq."

This IS what we want  :bravo: 

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This is how it starts my friends... First the news... Then the outside world gets wind of it... Then people start to believe there may be something to this... Then the big boys move in and take all they can get... The only difference this time is that little folks like us got in from the beginning and will enjoy the fruits of their greed... GO RV!!!!!!

 

Baby steps are alright with me... This may take a minute but as you've just read, it is going up!!!

 

 

B/A

bostonangler, I'm with you, we are the cream that will rise to the top, when the big boy's decide this thing should happen!

 

WoodChopper

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we want 1 to 1 or 3 to one, right?

If it does .10 that is significant then you watch the insanity.  Stay grounded and watch as each day passes what will happen and listen to Adam.  He is the ultimate GURU.  Go RV

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Thats because the rate they are discussing in the article is the street rate which I believe last week was being reported as 1345 or something .... so it is going in the right direction. 

 

The program rate is what we are waiting to see changed IMO I believe is being discussed here when he says, "readings indicate the presence of a great demand for the dinar will contribute to raising the exchange rate against foreign currencies."

 

 

Very smart supergirl. I agree with you 100%. This is great news! You're my superhero! :wub:

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