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Iraqi markets see demand for USD fall, Dinar Up; IQD expected to reach high value comparable to USD in the future


yota691
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Timid rise in the value of the dinar was accompanied by a decrease in demand for the dollar

 

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02/07/2013 (00:01 pm)   -  -  Issue (2833)

 
 
447086.jpg?width=400
 

BAGHDAD / tributary cactus 

Experiencing the local market at the present time high shy of the Iraqi dinar against the dollar amid expectations of a number of companies and shops owners banking increase in the value of the Iraqi dinar in the coming period because of the touched lack of demand for the dollar and keep the citizen because of belonging to the local currency.

Says the director of Al Anwar banking and financial transfer in the Harthiya Mohammed owner that "demand for the U.S. dollar fell to a remarkable", noting that the citizens preferred to keep the local currency reverse of what it was in the past.
He adds in his speech to the extent that "the decision to remove Iraq from Chapter VII of the impact on our business since the first day price of the dollar fell dramatically.
For his part, saw Muhammad retribution SAB replace banking in the Mansour district to the extent that "the increase in the value of the Iraqi dinar natural, so why is owned by Iraq of hard currency abroad, noting that it funds the sale of oil received by Iraq in U.S. dollars, and the abundance of this currency increases the drop height of the dinar.
And retribution expressed happiness increase the value of the Iraqi dinar, albeit a slight rise somewhat, but it is expected to reach a value to higher limits comparable to the U.S. dollar in the future.
And retribution student based on the economic side of the country, including the central bank to prepare for any sudden movement in the high or low value of the dinar on the grounds that the decision is still new and can not be known to the dollar fixed price at the present time.
Within likely Fadel Mayali, an Iraqi trader to rise more the value of the Iraqi dinar after the maximum speed which rose due to remove Iraq from Chapter VII, stressing that the Iraqi trade depends mainly on the dollar may not get upset at the outer level.
Mayali said to the extent that "the constant value of the Iraqi dinar previously is 118,000 dinars for $ category percent
And that the rise in previous periods was a result of the political conditions expected to return to that value.
Mayali stressed the need for the government bodies are ready for market movements and exchange rates against the dinar. 
In the meantime, expect the Ministry of Commerce and the Federation of Chambers of Commerce to see the Iraqi market in the coming months mobility qualitatively in the buying and selling, especially after the withdrawal of Iraq from Chapter VII. 
Khairallah says Hassan, Minister of Trade in a press statement: economically Iraq be the day after his release from Chapter VII economic free in dealing with many countries of the world
With adds Jaafar al-Hamdani president of the Federation of Chambers of Commerce: Yesterday was international companies fear many from entering Iraq and the capital was worried about a lot of Iraq, today believe they stage an opportunity for all Iraqis, especially the private sector in order to build a partnership project with the Iraqi government in the process of construction and investment.
In the meantime explained Mahmoud Laithi, the member of the Federation of Chambers of Commerce: we must unite and fight terrorism and fight corruption and the corrupt even stand up the Iraqi economy is good.
 
Edited by yota691
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This sounds like the tides turnin'...this just might be the crack in the damn that couses the flood...the momentum has to have a start and this's a good sign things are startin' to turn in Iraq's favor...kind of like someone has planned this...yea think ?????

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Coy in the dinar value rise accompanied by a drop in demand for the dollar

Baghdad/Bayou Eggplant

 

See the local market at present high shy of the Iraqi dinar against the dollar amid expectations the number of entrepreneurs and finance high value of the Iraqi dinar in the coming period to what touched the lack of demand for the dollar and citizen retains its local currency.

Says Director lights for banking and financial transfer in Harithiya district, Mohammed the "demand for the u.s. dollar has fallen strikingly," Noting that thanks to keep the local currency as it was in the past.
Adds to the extent that "the decision to lift Iraq from Chapter VII impact on our first day, the dollar had fallen dramatically.
For his part saw Mohamed kassas SAB shop in the Al-Mansur area of the banking term "the high natural value of the Iraqi dinar to the Iraq of hard currency abroad, noting that the funds received by Iraq oil sales to the US dollar and the abundance of this currency increase falling height of the dinar.
And retribution was pleased with the high value of the Iraqi dinar, if somewhat slight rise but that he expected to reach as high as the u.s. dollar in the future.
And demanded retribution for the economic aspect in the country including the Central Bank to prepare for any sudden movement in high or low value of dinar on the grounds that the decision is still new and can not know a fixed rate to the dollar for the time being.
Within said Fadhil Al-mayali, an Iraqi trader to increase value of the Iraqi dinar after the increased top speed by lifting Iraq from Chapter VII, stressing that Iraqi trade depends mainly on the dollar and might not get upset at the external level.
He said mayali "term for the fixed value of the Iraqi dinar is 118.000 dinars for $ 100
And that rise in previous periods were a result of the political conditions expected to return that value.
Mayali said that the Government was ready to market movements and exchange rates versus the dinar.
In the meantime, the Ministry of Commerce and the Federation of Chambers of Commerce that the Iraqi market during the coming months move in sale and purchase operations, particularly after the departure of Iraq from Chapter VII.
Khairallah Hassan, says Minister of trade press: Iraq today is economically after leaving the chapter VII free in dealing with many countries of the world
Jaafar al-Hamdani, head of the adds the EFCC: yesterday the world many fear entering the Iraq capital was feared much of Iraq, today we think stage for all Iraqis, particularly the private sector to build a partnership with the Iraqi Government in the process of construction and investment.
In the meantime the Vishnu, a member of the Federation of Chambers of Commerce: we must unite and fight against terrorism and the fight against corruption and corrupt people to promote the Iraqi economy.
 
Edited by Markinsa
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I really think that if we want to see a significant RI or RV we'd want them to get the IQD off the street. Isn't their bank motivated to make the most money (greed) like the US banks? If the citizens are holding more IQD than $ it would seem that our desired increase in value would be delayed in this situation.

 

Just my own logic. What do you all think?

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I get your point, and thanks for responding. Just think it could float pretty slow  :confused2:

Actually, on the other hand, it does keep the "unbelievers" from investing which works good for us and Iraq. Anyway, they raise it will be good for us

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And retribution expressed happiness increase the value of the Iraqi dinar, albeit a slight rise somewhat, but it is expected to reach a value to higher limits comparable to the U.S. dollar in the future.


 
 

 

Yes now that CHAP VII is completed, will they continue the slow float or once they get everything in order will they make a major adjustment in the value.

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Ok,I know this has been addressed add neaseaum but either the answers weren't good enough or I just didn't get it. Either way--sorry for the repeat question....

WHY would Iraq be putting all this information out there letting the world know the value of their money is gonna go up causing a rush on buying dinar when that's the last thing they/we want,right?

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Ok,I know this has been addressed add neaseaum but either the answers weren't good enough or I just didn't get it. Either way--sorry for the repeat question....

WHY would Iraq be putting all this information out there letting the world know the value of their money is gonna go up causing a rush on buying dinar when that's the last thing they/we want,right?

I used to wonder this same thing!!! Someone posted something one time that made a lot of sense to me on this issue. I'll try my best to parrot it successfully...

The CBI knows how many notes they printed...they also have a pretty good idea how many have been removed from circulation...as well as how many are held outside of Iraq. Whether the notes are held by the currency dealers we order from or whether we hold them is irrelevant...they exist regardless of where they are or who holds them. Therefore, if 10,000 people put in orders they are all still getting a part of what has already been printed...they are not printing new notes when we make an order.

That make any sense at all?? It clicked for me but I feel I probably didn't explain it very well.

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Here is my two cents.  What have they said really?  As far as I can tell they said they have the reserves and can cover the dinar 2.5 times.  Which if you figure it out is not that the dinar will jump to 2.50 but just what they can cover now at the rate it is right now.  This is not speaking of an RV.  What is great about these articles for us, they state they will cover the dinar outside Iraqs borders.  

 

I do think these articles are for the Iraqi people, telling them their dinar is going to be strong, not to worry they will have dinar worth something and they will be able to exchange internationally.  There are many ways they can do this, it doesn't always mean an RV.  So in essence they have not said anything to alert people enough to run and buy dinar.  For one not many people know about it in reality, and two those that do are a bit reluctant to go buy more because they know Iraq.

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This is no time to be timid........Step up Iraq!!    :mellow: 

 

GO RV, then BV

Exactly  Shab's.. :eyebrows: ... Step up and "Git-r-dun boyz"!!!   :D

 

Thanks for the wonderful news Yota... your just outdoing yourself buddy..

.. somebody's gonna need some beach time when this is through!!!   B)  

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Exactly  Shab's.. :eyebrows: ... Step up and "Git-r-dun boyz"!!!   :D

 

Thanks for the wonderful news Yota... your just outdoing yourself buddy..

.. somebody's gonna need some beach (woods) :D time when this is through!!!   B)  

Edited by yota691
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Posted: July 2, 2013 in Iraqi Dinar/Politics
Tags: Baghdad, Chapter VII, Chapter VII of the United Nations Charter, Economy of Iraq, Iraq, iraqi, Iraqi dinar, United States dollar

screen-shot-2013-06-28-at-7-52-08-pm.png02/07/2013 (00:01 pm)
Timid rise in the value of the dinar was accompanied by a decrease in demand for the dollar

Experiencing the local market at the present time high shy of the Iraqi dinar against the dollar amid expectations of a number of companies and shops owners banking increase in the value of the Iraqi dinar in the coming period because of the touched lack of demand for the dollar and keep the citizen because of belonging to the local currency.

Says the director of Al Anwar banking and financial transfer in the Harthiya Mohammed owner that “demand for the U.S. dollar fell to a remarkable”, noting that the citizens preferred to keep the local currency reverse of what it was in the past.

He adds in his speech to the extent that “the decision to remove Iraq from Chapter VII of the impact on our business since the first day price of the dollar fell dramatically.

For his part, saw Muhammad retribution SAB replace banking in the Mansour district to the extent that “the increase in the value of the Iraqi dinar natural, so why is owned by Iraq of hard currency abroad, noting that it funds the sale of oil received by Iraq in U.S. dollars, and the abundance of this currency increases the drop height of the dinar.

And retribution expressed happiness increase the value of the Iraqi dinar, albeit a slight rise somewhat, but it is expected to reach a value to higher limits comparable to the U.S. dollar in the future.

And retribution student based on the economic side of the country, including the central bank to prepare for any sudden movement in the high or low value of the dinar on the grounds that the decision is still new and can not be known to the dollar fixed price at the present time.

Within likely Fadel Mayali, an Iraqi trader to rise more the value of the Iraqi dinar after the maximum speed which rose due to remove Iraq from Chapter VII, stressing that the Iraqi trade depends mainly on the dollar may not get upset at the outer level.

Mayali said to the extent that “the constant value of the Iraqi dinar previously is 118,000 dinars for $ category percent

And that the rise in previous periods was a result of the political conditions expected to return to that value.
Mayali stressed the need for the government bodies are ready for market movements and exchange rates against the dinar.

In the meantime, expect the Ministry of Commerce and the Federation of Chambers of Commerce to see the Iraqi market in the coming months mobility qualitatively in the buying and selling, especially after the withdrawal of Iraq from Chapter VII.

Khairallah says Hassan, Minister of Trade in a press statement: economically Iraq be the day after his release from Chapter VII economic free in dealing with many countries of the world

With adds Jaafar al-Hamdani president of the Federation of Chambers of Commerce: Yesterday was international companies fear many from entering Iraq and the capital was worried about a lot of Iraq, today believe they stage an opportunity for all Iraqis, especially the private sector in order to build a partnership project with the Iraqi government in the process of construction and investment.

In the meantime explained Mahmoud Laithi, the member of the Federation of Chambers of Commerce: we must unite and fight terrorism and fight corruption and the corrupt even stand up the Iraqi economy is good.

http://bit.ly/16LLga5

 

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