Kurdistan region .. pay the salaries of employees in U.S. dollars instead of the dinar

[yota691]

Kurdistan region .. pay the salaries of employees in U.S. dollars instead of the dinar

12:21:22 / 07/2014

 

Khandan - decided the Kurdistan Regional Government to pay the salaries of the staff of the region in U.S. dollars instead of the dinar from next month. chairwoman green list in the Kurdistan Parliament Picard Talabani, that "the heads of the lists in the Kurdistan parliament gathered today with KRG President Barzani to discuss and debate the budget and the salaries of the staff of the region. " she said Picard Talabani, in a statement to the site (PUKmedia) "We asked the Prime Minister to make all efforts for the distribution of salaries of all employees of the region ahead of the Eid al-Fitr". " and explained that "Barzani said during the meeting that he does not have financial problems now it only in dollars and converted to the local currency will take time, so we decided to pay the salaries of the staff of the region in U.S. dollars instead of the dinar from next month. "

 

[RicknSaudi]

Why not ( The dollar IS king. Who needs those worthless deeenars anyways.

Go RV

GO Powerball :-/

[calkid11]

Thank you

[R Veyron]

Well, I like the sound of their intentions,,,,,,, ,and that perhaps they would prefer not to use dollars but that it "will take time" to figure out in dinar.... It may not mean anything really though..

[sandfly]

IF THEY DONT HAVE ANYMORE DINAR THANKS

[gregp]

This would help eliminate cashing in dinar in that region. It would reduce the payout. Sounds like he's on line with the CBI. Thanks.

[DinarDavo]

Sounds to me like Popeye's buddy Wimpy......."I will gladly pay you $1,000 USD today because your dinar will be worth $3,000 USD next week". LOL

[yota691]

Economist: Government to provide classes small cash if paid salaries in dollars

 

07/22/2014 13:33:00

 

 

 

 

 

 

      

Economist: Government to provide classes small cash if paid salaries in dollars

 

Government decided to Kurdistan Region, today Tuesday, 07/22/2014, the pay of employees in U.S. dollars instead of the Iraqi dinar as of next month. 
about this decision and assured Mr. Khaled Haidar said the decision, if not available with daily living requirements of the citizen would have a negative impact , and the government must provide the classes small cash to handle everyday citizens. 
added Dr. Khalid Haider, professor of economics at the University of Sulaymaniyah during a special permit for PUKmedia: If provided the Kurdistan Regional Government classes small cash for the citizens I do not think that there will be no problem, and if the distribution of salaries category of the U.S. dollar fall of the dollar against the Iraqi dinar. 
said Professor Khaled Haider: paying employees' salaries in dollars will increase the demand for the dinar and this will lead to a rise in the price of the dinar and the dollar's decline, and there are people in areas other Iraqi and even from neighboring countries will try to buy cheap dollar of the Kurdistan Region and was taken to their areas and sell it there at the price of the most expensive. 
said Dr. Khalid Haider said the Kurdistan Regional Government has been forced to make this decision after cutting financial allocations to them by the federal government, had to test another currency prevailed and now the dominant currency is the dollar, so she had forced to take this decision.PUKmedia special

[moneysoon]

sounds like a plan.

[Butifldrm]

 

Economist: Government to provide classes small cash if paid salaries in dollars

Tue Jul 22 2014 13:11 | (Voice of Iraq) - The Government of the Kurdistan Region, today Tuesday, 07/22/2014, the pay of employees in U.S. dollars instead of the Iraqi dinar as of next month. 
about this decision and assured Mr. Khalid Haider: This decision if it is not available with kits of daily living of the citizen will be a negative impact, and the government must provide the categories of small cash to deal everyday citizens. 
added Dr. Khalid Haider, professor of economics at the University of Sulaymaniyah during a special permit for PUKmedia: If provided the Kurdistan Regional Government classes small cash for the citizens I do not think that there will be no problem, and if the distribution of salaries category of the U.S. dollar will drop the price of the dollar against the Iraqi dinar. 
said Professor Khaled Haider: that pay salaries in dollars will increase the demand for the dinar and this will lead to a rise in the price of the dinar and the dollar's decline, and there are people in the Iraqi areas another and even from neighboring countries will try to buy cheap dollar of the Kurdistan Region and took him to their areas and sell it there at the price of the most expensive. 
said Dr. Khalid Haider said the Kurdistan Regional Government has been forced to make this decision after cutting financial allocations to them by the federal government, had to test another currency prevailed and now the dollar is the dominant currency, so it was forced to take this decision. PUKmedia special

Read more: http://www.sotaliraq.com/mobile2014.php?id=158784#ixzz38CZIBkVc

Edited July 22, 2014 by Butifldrm

[idplzr]

It's coming....

[zul]

Interesting.

 

With the dollar they have, the could have exchange them for dinar with CBI to pay for the salaries, but for whatever reason,  they decided to pay in dollar.

[DinarThug]

CNN. Broadcasting From Kurdistan With Greenbacks !

 

 

 

The province decides to pay the salaries of its employees in U.S. dollars instead of the dinar

BAGHDAD / News .. Baghdadi announced head of the list of green in the Kurdistan Parliament Picard Dilshad Talabani, on Tuesday, that the Kurdistan Regional Government decided to spent the salaries of its employees to the U.S. dollar instead of the Iraqi dinar.

Talabani said in an interview I followed / Baghdadi News / "The heads of the lists in the Kurdistan parliament gathered today with the President of the Kurdistan Regional Government Barzani to discuss and debate the budget and salaries of employees of the region."

She added: "We asked the Prime Minister in the province Bbbzl all efforts for the distribution of salaries of all employees of the region ahead of the Eid al-Fitr," adding, that "Barzani said during a meeting that does not have financial problems now but they are in dollars and converted to the local currency requires time so We decided to pay the salaries of the staff of the region in U.S. dollars instead of the dinar as of next month. "

The provincial government is witnessing a sharp dispute with the government in Baghdad as a result of the recent cut the salaries of employees in the region, but the Kurdistan oil exported and sold to European countries in order to pay the salaries of its employees. Ended 21 /

http://www.albaghdadianews.com/economy/item/56147-AkAjknL-njEE-ZHEJ-ENAbB-LNzJnm-BAkDNkAE-AkaLEnKn-BDkAً-Ll-AkDnlAE.html


Kurdistan region .. pay the salaries of employees in U.S. dollars instead of the dinar

Sweeteners | 22 يوليو 2014 13:08 | sa | 

Treasures Media - Arbil /

Kurdistan Regional Government has decided to pay the salaries of the staff of the region in U.S. dollars instead of the dinar from next month.

The head of the green list in the Parliament of Kurdistan, Talabani Picard, that "the heads of the lists in the Kurdistan parliament gathered today with KRG President Barzani to discuss and debate the budget and salaries of employees of the region."

Picard Talabani added in a press statement, "We asked the Prime Minister to make all efforts for the distribution of salaries of all employees of the region ahead of the Eid al-Fitr". "

She explained that "Barzani said during the meeting that he does not have financial problems now only a dollar and that they be converted into the local currency will take time, so we decided to pay the salaries of the staff of the region in U.S. dollars instead of the dinar from next month."

http://www.knoozmedia.net/?p=55733


Pay the salaries of the staff of the region in U.S. dollars instead of the dinar
Tuesday 22 July 2014

Green announced the head of the list in the Kurdistan Parliament Picard Dilshad Talabani, the heads of the lists in the Kurdistan Parliament gathered today with the President of the Kurdistan Regional Government Barzani to discuss and debate the budget and salaries of employees of the region. 

Said Picard Talabani: "We asked the Prime Minister to make all efforts for the distribution of salaries of all employees of the region ahead of the Eid al-Fitr," adding, that Barzani said during a meeting that does not have financial problems now, only it in dollars and converted to the local currency requires time so We decided to pay the salaries of the staff of the region in U.S. dollars instead of the dinar from next month.

http://translate.google.com/translate?sl=ar&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.alqurtasnews.com%2Fnews%2F17221%2F%D8%A7%D9%84%D8%AD%D9%8A%D8%A7%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%85%D8%AE%D8%A7%D9%88%D9%81-%D9%85%D9%86-%D8%B9%D8%AC%D8%B2-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9&edit-text=

[fishing]

This is very interesting, maybe they just let the cat out of the bag. We'll see.

[millionaire in training]

Pay the salaries of the staff of the region in U.S. dollars instead of the dinar

 

This is very interesting, maybe they just let the cat out of the bag. We'll see.

I dont understand why this would indicate an RV...........Can someone explain ?

 

Thanks M.I.T.

        

[TrinityeXchange]

reminds me of an article where the kurds was complaining about the lack of dinars in circulation.  i wonder if this is the root of the issue.

[dontlop]

Being cut out of the budget 7 months ago

I don't see many dinar flowing to the Kurds govt

[skeetdog]

Thanks DT...They could be dumping all the USD they can and holding on to all the IQD...this theory was indicate the increase value of the IQD. Then we really don't know what's in the budget and how it effects the different parties involved. There's a special gift the government gives the people at the end of Ramandan and it's mentioned here several times...that's what got my attention...

Thanks Yota...Sorry about that replace that ''DT'' for a ''Yota''....

[lost one]

They have had so many Ramadan's which the government has not given the people anything but trouble. So what make anybody think that this year is different.

Edited July 22, 2014 by lost one

[dontlop]

When ya go from 800 billion dinar a month from the central govt budget to zero dinar a month

And 7 months later your out of dinar

That's how math works

Could the central govt be collecting the dinar knowing they were hoarding it

Who knows

But if they made 7 months without dinars from the central govt before they started using dollars

Ya got to admit

They had quite a pile of dinar up there

Maybe it was the reason for a hold up in a rv

Back to who knows

This Iraq story is attracting all kinds of speculations

Again

Who knows

They are out of dinar or this is where they draw the line as to how many dinar they are going to hold for a rv

[gymrat76541]

You do NOT want to pay in dinar which might help make these employees rich down the road! Then you have no more employees!

 

I like the way this is heading!

[skeetdog]

Let's see Mr. lost one...why would anyone, are you referrin' to me, ''think'' In bold type (PLEASE), that this year is different... Maybe that Iraq is starting and or has a new government...it could be that this year is unusual that sooo many things are being done during Ramadan...or perhaps it could be the simple fact, that was stated in my initial comment...the mere fact that it was mentioned several times. I hope this answers your arrogant response...   

[Furbrain]

I saw no mention of gifts during Rahmadan in any of the articles.

I did see this quote which supports DontLop

Dr. Khalid Haider said the Kurdistan Regional Government has been forced to make this decision after cutting financial allocations to them by the federal government, had to test another currency prevailed and now the dominant currency is the dollar

[cooperwaits]

I thought I read something last year about gifts from Govt during Ramadan.

[Maggie123]

I saw no mention of gifts during Rahmadan in any of the articles.

I did see this quote which supports DontLop

Dr. Khalid Haider said the Kurdistan Regional Government has been forced to make this decision after cutting financial allocations to them by the federal government, had to test another currency prevailed and now the dominant currency is the dollar

 

 

Yep... I suspect that they are out of spare dinar too... and they are not dealing with the CBI right now.

 

They know there will be more US dollars in the future coming from oil sales...

 

As far as the dinar's exchange rate goes... the less out on the street... the higher the dinar rate will go for exchanges.

 

I don't see how this would mean an RV for them or us... Why would the Kurds want to be the only ones to pay us?