Bankers: high cash reserve enhances the value of the dinar

[Butifldrm]

Bankers: high cash reserve enhances the value of the dinar

 

 

09/25/2013 12:00 AM 

BAGHDAD - Farah pumice 
confirmed experts and specialists, bankers high cash reserves of the Central Bank is a cover of the Iraqi dinar, enhances the value and gives the amount supreme confidence in the Iraqi market by local investors or foreigners. 
comes a day after the Central Bank and the arrival of reserves of foreign currency and gold about $ 80 billion, expected to increase over the coming months. 
banking expert and executive director of the Association of private banks in Iraq, Abdul Aziz Hassoun said in a statement (morning): "The arrival of the cash reserve to figure this enhances the value of the Iraqi dinar and ensure that traders do and holders upon trust and power , as he is a cover of a real currency. "said Hassoun that" when you are in Iraq thus guarantees will be provided external actors to cooperate with this country and invest in it, "as it is considered an important indicator, and gives the amount of the top of the confidence in the Iraqi market for traders with dealers and contractors and equipped foreigners. called expert competent authorities to encourage citizens to save through awareness programs contribute to the definition of Iraqi citizens how to trade and save the dinar, to coincide with the increase in salaries and incomes that are not accompanied by an increase in savings through incentives rewarding urges to keep dinar and do not waste it random spending is not feasible. It is said that the central bank governor Agency Abdul Basit Turki said in a press statement that the reserves the central bank of foreign exchange and gold has reached about $ 80 billion, pointing out that the increase this financial reserve resulting from the increase in international prices of crude oil, especially that it was at about $ 74 billion in June, expected at the same time that increases the reserve during the next few months in order to increase oil prices, as it depends upon the country in its budget public. 
Iraq has the fourth largest oil reserves in the world and relies on 95 percent of its annual budget on oil exports , and currently produces about two million and 900 thousand barrels per day, while the issue up to 2.0002 million barrels per day. 
For his part, he saw a member of the Finance Committee parliamentary MP Abdul Hussein al-Yasiri This reserve impact positively on the national economy, which is important in tough times, returned him instrumental to raise the level of the economy, and noted that Iraq is moving toward the countries whose economies are robust. 
said Yasiri in a statement to the (morning) that "there is reassurance psychologically in this regard, as it indicates that the economic situation is reassuring, and thus trading and investment would be prudent, as well as that the country would be a good environment to attract investors. " 
said a member of the Commission that there are two factors encourage investment in Iraq, the first exit from Chapter VII, as she was the investment companies aggregated approximately 35-45 percent of the investment, which is called the cost of Iraq, as it was canceled after out of the pain of this chapter, either Group II, it is good assets in central banks in the country, making the arrival of the financial reserve to $ 80 billion, meaning that the Iraqi economy is healthy.

 

http://www.alsabaah.iq/ArticleShow.aspx?ID=55077

Edited September 25, 2013 by Butifldrm

[Shelley]

Thanks Butifldrm... Great article, I now like her and Najib !!!!

[Butifldrm]

Thanks Butifldrm... Great article, I now like her and Najib !!!!

 

Yea me too.  This statement especially caught my eye.

 

called expert competent authorities to encourage citizens to save through awareness programs contribute to the definition of Iraqi citizens how to trade and save the dinar, to coincide with the increase in salaries and incomes that are not accompanied by an increase in savings through incentives rewarding urges to keep dinar and do not waste it random spending is not feasible. 

Read more: http://dinarvets.com/forums/index.php?/topic/161742-bankers-high-cash-reserve-enhances-the-value-of-the-dinar/#ixzz2frLF7Gvz

[jeepguy]

  keep the dinar !!!  and be a laughing stock of Iraq !     I see that if she tells them to save all the dinar they can , that it will pay off --------> soon ,  and then the Iraqi folks will be tired of hearing soon

thanks for the post buterfldrm

[waterman13]

Go IRAQ! GO!

Wm13

[SocalDinar]

Sounds a bit like the end call for Shabs phase 2 plan

Crazy stuff Butifldrm

[Shelley]

Yea me too.  This statement especially caught my eye.

 

called expert competent authorities to encourage citizens to save through awareness programs contribute to the definition of Iraqi citizens how to trade and save the dinar, to coincide with the increase in salaries and incomes that are not accompanied by an increase in savings through incentives rewarding urges to keep dinar and do not waste it random spending is not feasible. 

Read more: http://dinarvets.com/forums/index.php?/topic/161742-bankers-high-cash-reserve-enhances-the-value-of-the-dinar/#ixzz2frLF7Gvz

I wonder if this a push to get the citizens more into the banks with that statement How to TRADE and SAVE the DINAR ??? 

[Butifldrm]

I wonder if this a push to get the citizens more into the banks with that statement How to TRADE and SAVE the DINAR ??? 

Very Good thought Shelley!  

[gregp]

Amazing!

[SnowGlobe7]

how many phases are there?

[waterman13]

how many phases are there?

Infinity x Infinity ???

Seams like it anyways.

Wm13

[justchecking123]

Lots of pundits here at the site, here's my question(s)...

 

I was told not to become "interested" in the dinar revaluation until 10 years after the war ended, but it all seems muddled, which makes sense if the bean counters don't want to play their hand.

 

Are the news articles out of Iraq legit?...Better/different info than last year? Can they be trusted? Is the GOI stable enough? Are the Kurds over it and wantin' to move on?

 

Shabibi seemed to be the point man, then he was ousted by Maliki, who obviously seems to be a tool of either The States or Iran.

 

Thanks.

[PrettyKitty]

Lots of pundits here at the site, here's my question(s)...

 

I was told not to become "interested" in the dinar revaluation until 10 years after the war ended, but it all seems muddled, which makes sense if the bean counters don't want to play their hand.

 

Are the news articles out of Iraq legit?...Better/different info than last year? Can they be trusted? Is the GOI stable enough? Are the Kurds over it and wantin' to move on?

 

Shabibi seemed to be the point man, then he was ousted by Maliki, who obviously seems to be a tool of either The States or Iran.

 

Thanks.

Hate to say this, but read read read...all you can get at on DV and become a VIP and you get much much more.... too many answers to too many questions...Go RV.

[Boozer]

Just more talk, come back next Sep 2014, and we will still be waiting, with the same thing , SOON

[yota691]

Bankers: high cash reserve enhances the value of the dinar

09/25/2013 08:08

 Said experts and specialists, bankers high cash reserves of the Central Bank is a cover of the Iraqi dinar, enhances the value and gives the amount supreme confidence in the Iraqi market by local investors or foreigners. comes a day after the Central Bank and the arrival of reserves of foreign currency and gold to about $ 80 billion , expected to increase over the coming months. banking expert and executive director of the Association of private banks in Iraq, Abdul Aziz Hassoun said that "the arrival of the cash reserve to figure this enhances the value of the Iraqi dinar and ensure traders do and holders upon trust and power, it is also a cover real currency." said Hassoun "When you are in Iraq thus guarantees will be provided external actors to cooperate with this country and invest in it," as it is considered an important indicator, and gives the amount of the top of the confidence in the Iraqi market for traders with dealers, contractors and equipped foreigners. called expert competent authorities to encourage citizen savings through awareness programs contribute to the definition of Iraqi citizens how to trade the dinar savings, coinciding with the increase salaries and incomes that are not accompanied by an increase in savings and by granting incentives rewarding urges to keep Dinars and not to waste it and spend randomly glory. It is said that the central bank governor Agency Abdul Basit Turki said in a press statement that the reserves the central bank of foreign exchange and gold has reached about $ 80 billion, pointing out that the increase this financial reserve resulting from the increase in international prices of crude oil, especially that it was at about $ 74 billion in June, expected at the same time that the reserve increases over the next few months in order to increase oil prices, as it depends upon the country in the general budget. 

[hammer911]

IMO,  I think they want the peeps to start using and spending the dinar to help jump start the supply and demand

 

theory....Just a thought!!! GO RV!!!~~~

[waterman13]

I find it interesting they went from 74 billion, to 80 billion in just a couple months.

Wm13

[Boozer]

and still no value on the IQD

[Kaduku]

Like I have been saying all the time...Iraq WILL RV at or beyond the Pre Saddam value. In other words they will either RV at $3.30 or more! Iraqis are TOO PROUD people, and they are willing to ensure that their currency is equal to or greater than Kuwait's.

 

 

 

"GOD BLESS AMERICA"!

[rockfl9]

I find it interesting they went from 74 billion, to 80 billion in just a couple months.

Wm13

Poor translation ... It took a year and a half to gain the $6Bn. Also added another 6T dinar to M2!

[sandstorm]

IMO,  I think they want the peeps to start using and spending the dinar to help jump start the supply and demand

 

theory....Just a thought!!! GO RV!!!~~~

agreed. They have to convince Iraqis to keep and use dinar over the dollar. Critical for the cbi to regain power over the money supply as well as supply and demand curve

IMO dinar will not be anywhere near 3.30. Even with a mega rv, that would be at the far end of the spectrum. The curve will determine an equilibrium point, and 3.30 or higher is overkill and would put to much pressure on the economy and would lead to huge economic problems.

I don't see war torn Iraq, with no economy, having the highest exchange rate in the world. There's no stability or confidence anywhere in sight or in forthcoming future, to bust out on top like that.

I'm a really prideful person, but my dollar keeps losing power. Pride is irrelevant to economics.

[bigwave]

Yea me too.  This statement especially caught my eye.

 

called expert competent authorities to encourage citizens to save through awareness programs contribute to the definition of Iraqi citizens how to trade and save the dinar, to coincide with the increase in salaries and incomes that are not accompanied by an increase in savings through incentives rewarding urges to keep dinar and do not waste it random spending is not feasible. 

Read more: http://dinarvets.com/forums/index.php?/topic/161742-bankers-high-cash-reserve-enhances-the-value-of-the-dinar/#ixzz2frLF7Gvz

They could have added the O comment from the other day "if you work hard enough you can work your way up to middle class!"