Gcc take on the iraqi dinar

[ICEMAN]

Finance Ministry to cooperate with Gulf banks

Tuesday, April 13th 2010 2:16 PM

Baghdad, April 13 (AKnews) - The Iraqi Finance Ministry is looking forward to combine the banks of the Iraqi government with the economically developed Gulf states", an official security source at the Finance Ministry said today.

"The economic ties with the developed Gulf states would support the Iraqi economy in the next stage, especially that Iraq has many economic problems," the Adviser of the Ministry, Zuhair Abbas, told the Independent National News agency of Kurdistan (AKnews).

He said the Ministry, in coordination with the Iraqi Central Bank and the Foriegn Ministry would hold continuous meetings to discuss the possible frameworks in the composition of combination with large banks in the Gulf States."

"The combination won't exceed banking and financial cooperation in addition to advices, and it is not considered a full combination, because the economic situation in Iraq differs from the economies of the other states."

Abbas said that "more than 6 Gulf banks expressed their wish to facilitate the process of combination to carry out money exchange between Iraq and those countries and the work of Gulf investors in Iraq."

"The most prominent problem in the subject is the difference in prices of Gulf currencies and the Iraqi currency, but serious attempts were exerted to resolve the problem as soon as possible," Abbas said.

Rn/SH (AKnews)

[carlablum]

Gotta love it!

Thank you ICEMAN

The most prominent problem in the subject is the difference in prices of Gulf currencies and the Iraqi currency, but serious attempts were exerted to resolve the problem as soon as possible," Abbas said.

[Brandon2230]

That sounds good.. Right.? I'm no expert but it sounds like they were going to resolve their under valued currency issue asap.

[Texxas777]

This looks positive. Bring it on!!!

[Deacon B]

Wahoooooooooo sounds like there is ample movement amoung Iraq's neighborhood to get this think mov'n fast!! I wonder how fast they can lay this foundation??!

[ddeesch]

but serious attempts were exerted to resolve the problem as soon as possible," Abbas said.

Why is it in past tense....just sayin

[ronscarpa]

Finance Ministry to cooperate with Gulf banks

Tuesday, April 13th 2010 2:16 PM

Baghdad, April 13 (AKnews) - The Iraqi Finance Ministry is looking forward to combine the banks of the Iraqi government with the economically developed Gulf states", an official security source at the Finance Ministry said today.

"The economic ties with the developed Gulf states would support the Iraqi economy in the next stage, especially that Iraq has many economic problems," the Adviser of the Ministry, Zuhair Abbas, told the Independent National News agency of Kurdistan (AKnews).

He said the Ministry, in coordination with the Iraqi Central Bank and the Foriegn Ministry would hold continuous meetings to discuss the possible frameworks in the composition of combination with large banks in the Gulf States."

"The combination won't exceed banking and financial cooperation in addition to advices, and it is not considered a full combination, because the economic situation in Iraq differs from the economies of the other states."

Abbas said that "more than 6 Gulf banks expressed their wish to facilitate the process of combination to carry out money exchange between Iraq and those countries and the work of Gulf investors in Iraq."

"The most prominent problem in the subject is the difference in prices of Gulf currencies and the Iraqi currency, but serious attempts were exerted to resolve the problem as soon as possible," Abbas said.

Rn/SH (AKnews)

Thanks Iceman This was already posted by Carla and me in two different versions.

Nevertheless, it's good to read again...! RON

Read more: http://dinarvets.com/forums/showthread.php?18213-Gcc-take-on-the-iraqi-dinar#ixzz0l1xBSZbh

[carlablum]

I'm sure it's becouse they are re-capping a meeting that had already taken place.

but serious attempts were exerted to resolve the problem as soon as possible," Abbas said.

Why is it in past tense....just sayin

[retirementafterrv]

thanks for the post....

[DidweRVyet]

but when is it going to happen

[Blessing7]

I love the positive direction we are going in.. Thanks

[Linduh2]

very good news

[krucialmix]

but when is it going to happen

It already did. We all cashed in.

[EagleEye]

thanks go RV !

[kmseeker]

Ron you are always so nice........I remember reading this before......

[hopeful1]

I hope it will happen soon. There seems to be alot of positive signs coming out of Iraq.

[ladwiss]

I like the sound of this post..Bring it on!!!

[mauser]

The four ME countries associated with the GCC, their currencies are all around $3.50 to one (a rough average)... so the outlook if Iraq joins??? Sounds like good news to me.....

[saphire]

They all want a piece of Iraq and all it's assets it's just real smart business on their behalf.

[SuperFlyJr]

The four ME countries associated with the GCC, their currencies are all around $3.50 to one (a rough average)... so the outlook if Iraq joins??? Sounds like good news to me.....

Which four are around $3.50? I know Kuwait is, but can't think of a single other ME currency over $3.

[wess144]

Thanks Iceman, lets get the RV party started.

[1XPlumber]

it is looking good thk for the info

[jpayan]

Thanks for the info go rv

[luckylucy]

I love your avatar .. that's cool!

I love the positive direction we are going in.. Thanks

[wbg]

Thanks. I am ready!!!