Exchange rate of the dinar against the dollar 1.16

[TotalNewb]

70 Thousand degrees and careers through 2014.

July 13 2013

Baghdad, Omar Abdel-Latif Farah pumice
estimated the Finance Committee in the House of Representatives the number of grades that will be allocated within the budget of the year 2014 by 70 thousand degrees after the addition of 30 thousand degrees to her, according to parliamentary sources for "Center Brief for the Iraqi Media Network."
said committee member Hassan Auzmn Bayati: "The budget next year will be the priority in which to install contracts, while there will be degrees of functional as important needs."
It is said that Prime Minister Nuri al-Maliki face the need commitment Minister Mark install working as a contract in ministries and state institutions to the staffing of State Permanent and give them priority appointment.
and follow-Bayati said in a statement singled out (Center Brief for the Iraqi Media Network): "The total revenue budget next year would be 143.31 trillion dinars, while the total expenditures will be 157.712 trillion dinars, in what would be the amount of the deficit 14.681 trillion dinars The deficit ratio of GDP Local is estimated at 4.9 percent, while the price of crude oil exported will be calculated at $ 90, what would be the production quantities of crude oil exported 3.5 million barrels, while the exchange rate of the dinar against the dollar was calculated at 1.16. in the meantime, the Committee expected to start the work of the Council of Public Service Federal next year.
Committee member MP Faleh Al Sari Djiashi confirmed for "Center Brief for the Iraqi Media Network": that "in the event of voting on a board this year, will start (the Board) the distribution of grades among applicants fairly."
It is said that the names of a Public Service Council came to the Parliament by the government recently.
The Council aims to regulate the affairs of public office and freed from politicization and vandalism, and build a state of institutions and the formation of Foundation mission is the development of work in government departments, and the development of rules and principles of sound and secure justice and impartiality, and to ensure that standards of competence in the appointment and re-appointment promotion and application of Article 107 of the Constitution.

 

Edited July 13, 2013 by Markinsa
Added link to the Title

[RVNewbie]

Me like the rate!!! Now make it stick!!!!!!!

[Catluver67]

Wow...interesting...bring it on! Thanks Newb!

[RVNewbie]

Thanks for post!!!

[TotalNewb]

Yep. Interesting article. First one I have seen that actually mentioned a rate.

[Elixirbaby]

Hmmmmmmm

[Catluver67]

Yep. Interesting article. First one I have seen that actually mentioned a rate.

Me too...

[sandfly]

[TotalNewb]

So... If the removing of three zeros is moving the decimal three places, then this rate makes sense.

[AJC]

Very interesting post !!!

[Catluver67]

So... If the removing of three zeros is moving the decimal three places, then this rate makes sense.

Yep it's exactly .86...too coincidental if you ask me! Love it!!

[TotalNewb]

http://www.alsabaah.iq/ArticleShow.aspx?ID=50112

[Tripphood]

...so next year....

[TotalNewb]

...so next year....

Not necessarily... But it will be reflected in next years budget. But we are still waiting for them to officially open this years budget.... Aren't we?

[Psych]

I hate to ask, but is that New Dinar?  Bunny Ear? The old, 1,000 old Dinar equals 1 New Dinar trick??  I wish they said rate, $.76 or $1.99 or anything else.

At least the ride will be over...until they change their mind tomorrow.

I hate to be so pessimistic here...but I have learned.

Moving the rate from .00086 to .86 is $1.16...exactly what would happen with a Bunny Ear.

[Markinsa]

http://www.alsabaah.iq/ArticleShow.aspx?ID=50112

 

 

Thank you.

 

-

[Tripphood]

Not necessarily... But it will be reflected in next years budget. But we are still waiting for them to officially open this years budget.... Aren't we?

Yes we are. I saw a post today that implied that they opened the budget but from the replies, it looked to be a negative event. I'll try to find that for reference.

[Rayzur]

Thanks Markinsa and thanks Newb for the link....... that would make s considerable difference to be sure....

Great info Newb!!!!!, Nice moment of happy dance there... now to drill down on this relative to its credibility and relative to the zeros project....

Thanks!!!

Edited July 13, 2013 by Rayzur

[Markinsa]

I couldn't get it to link either Markinsa... that would make s considerable difference to be sure....

Thanks for the info Newb!!!!!, Nice moment of happy dance there... now to drill down on this relative to its credibility and relative to the zeros project....

Thanks!!!

 

I've got the link working now.  

[IQD1217]

2014 budget is supposed to brought to parliament in October I believe !!

[Alex38]

so... 2014... it's how I read it... and it fits with my mind...

[arewethereyet777]

Good find, sounds good to me!  

[Tripphood]

Hard to imagine how they could continue with worthless currency for another 5 1/2 months. Why did 3 major US Banks rush in and open branches within a week of release from Ch7 if there were no reason to do so? It just doesn't add up.

[Catluver67]

I just don't see them waiting that long...not with everyone calling for it NOW. Plus they haven't loaded the smart cards and I don't think they have opened the budget....and most importantly they ARE working during Ramadan...LOL we know they don't work unless they really need to get something done...IMO it's sooner rather than later

[tkeaton]

Solo hazlo!