IQD 1 = 2,5 US$? Wouw!

[ALBUNDY]

Parliamentary economy: central bank reserves increase to more than 80 billion dollars will enhance the stability of the Iraqi dinar
 

 

 

 

 

01-07-2013 11:38 AM
 
 
Baghdad (news) .. Rapporteur of the Commission stressed the economy and investment MP / coalition of Kurdish blocs / Khalil Mahma, that the increase in central bank reserves of hard currency will enhance the stability of the Iraqi dinar and develop the national economy.

 

Khalil said (of the Agency news): that the increase in monetary reserves of the Central Bank for more than 80 billion dollars, this means that ALL IRAQI DINARS located INSIDE or OUTSIDE IRAQ COVERED TWO DOLLARS and a HALF DOLLAR, because the size of the blocks cash of the Iraqi currency amounting to 33 trillion dinars.

 

He added: This increase will enhance the stability of the exchange rate of the Iraqi dinar against the U.S. dollar, the international currency because it would be a safe haven for him, plus he will promote the growth of the national economy.

 

The Iraqi Central Bank announced an increase in the cash reserves of hard currency to more than 80 billion dollars. / End / 8.'s. M /
 
 

THE LINK : http://www.4.hathalyoum.net/iraqnews.php?action=sit&cd=2&sid=242852

 

[OZmosis]

Thanks AL.  Reminder to myself.  Breathe.

[sandfly]

I HEAR U

[rightsonword]

Holy cow, I don't remember ever reading an article that indicated outside dinar would be honored.

If this is true, bye bye LOP.

[ALBUNDY]

I really can't believe my eyes.

[supergirl]

That's what scooter said. $2.50. Thanks Albundy. Go RV.

Edited July 1, 2013 by supergirl

[rightsonword]

[moneysoon]

Too Much Good News These Days!!!! Interesting though that anyone would let the cat out of the bag pre-RV. There are only a couple of reasons why a MP would do this but it sure is risky....

[jon29]

   

[jsilveira66]

Too Much Good News These Days!!!! Interesting though that anyone would let the cat out of the bag pre-RV. There are only a couple of reasons why a MP would do this but it sure is risky....

Bait?  To make a run on Dinars?

[Tuck]

Go RV

[DropItLikeItsHot]

I want to believe............. NAW.............. can't just yet

 

DropItLikeItsHot  GO RV

[RONIN II]

Wow is right!

[cashman54]

it's amazing how some people are afraid to believe good things, unbelievable, some people are just too weak and afraid of getting hurt

[pchester]

JUST DO IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[TotalNewb]

This, IMO, is referring to their reserves, not what the new exchange rate will be. But, if I am wrong, I would easily take 2.50!

[umbertino]

it's amazing how some people are afraid to believe good things, unbelievable, some people are just too weak and afraid of getting hurt

You find it unbelievable that people are skeptical? In Dinarland of all places?

[Captainron601]

Sounds interesting.

[jas428]

33 trillion dinars currently equals approx 25 billion dollars, thus they are simply saying they can maintain the current rate of exchange while backing with reserves.

this has nothing to do with an RV....its business as usual.

[vomer]

I'm mathematically disinclined.  So for every $2.50 = 1 dinar, right?  That's a sucky deal.

[Kaduku]

 

Parliamentary economy: central bank reserves increase to more than 80 billion dollars will enhance the stability of the Iraqi dinar

 

 

 

 

 

01-07-2013 11:38 AM

 

 

Baghdad (news) .. Rapporteur of the Commission stressed the economy and investment MP / coalition of Kurdish blocs / Khalil Mahma, that the increase in central bank reserves of hard currency will enhance the stability of the Iraqi dinar and develop the national economy.

 

Khalil said (of the Agency news): that the increase in monetary reserves of the Central Bank for more than 80 billion dollars, this means that ALL IRAQI DINARS located INSIDE or OUTSIDE IRAQ COVERED TWO DOLLARS and a HALF DOLLAR, because the size of the blocks cash of the Iraqi currency amounting to 33 trillion dinars.

 

He added: This increase will enhance the stability of the exchange rate of the Iraqi dinar against the U.S. dollar, the international currency because it would be a safe haven for him, plus he will promote the growth of the national economy.

 

The Iraqi Central Bank announced an increase in the cash reserves of hard currency to more than 80 billion dollars. / End / 8.'s. M /

 

 

THE LINK : http://www.4.hathalyoum.net/iraqnews.php?action=sit&cd=2&sid=242852

 

Not what they are saying...they mean that the 33 Trillion Dinars inside and out of Iraq can be covered with the 80 Billion usd, because 33 Trillion Dinars is equal to about $28 Billion and can be covered 2.5 times. So really Iraq can RV beyond $3.00 plus.

[The Machine]

This, IMO, is referring to their reserves, not what the new exchange rate will be. But, if I am wrong, I would easily take 2.50!

I agree with you, I'd also take $2.50 if it was on offer

[MillieChatham]

Whew. Believe it when Adam sends the RV message. In the meantime I think I will think of something else to calm down.

[hame55]

Holy cow, I don't remember ever reading an article that indicated outside dinar would be honored.

If this is true, bye bye LOP.

Not sure about that. They could lop all of it and go to a 2.50 rate and we make 2.5X our investment

[rightsonword]

Not sure about that. They could lop all of it and go to a 2.50 rate and we make 2.5X our investment

You are correct, though to be honest I'd be happy with 2.3 my investment.

Though, to know that they can easily support a higher rate is good to know.