humveee Posted October 16, 2014 Report Share Posted October 16, 2014 This is not how it is supposed to happen: http://www.iraq-businessnews.com/2014/10/16/time-to-bite-the-bullet/ Grrrr Link to comment Share on other sites More sharing options...
gregp Posted October 16, 2014 Report Share Posted October 16, 2014 One's opinion. Link to comment Share on other sites More sharing options...
SocalDinar Posted October 16, 2014 Report Share Posted October 16, 2014 Time to Bite the Bullet Posted on 16 October 2014 . If Iraq didn’t face enough challenges already, the slump in the price of crude oil is another unwelcome development for the new Abadi government to deal with. At a current price of $81.78, the benchmark West Texas Intermediate (WTI) crude is down nearly 25 percent from its June high, driven in part by a strong US dollar and weak Chinese demand. This comes at a time when Iraq needs all the funds it can get to bolster its defences and eventually eliminate the existential threat from the Islamic State. As difficult as it will be, Iraq’s parliament must finally agree a budget for this year based on the unpalatable reality that it is now facing. It must also bite the bullet and accept that in order to fund the war for its survival, public sector cuts will be needed in 2015, and that it may have to run a budget deficit. A devaluation of the Iraqi dinar is one possible consequence of a budget deficit, but this would also help the balance of payments and leave Iraq in a more competitive position. Ignoring the budget problem won’t make it go away. http://www.iraq-businessnews.com/2014/10/16/time-to-bite-the-bullet/ Link to comment Share on other sites More sharing options...
humveee Posted October 16, 2014 Author Report Share Posted October 16, 2014 He's talking about a DE-valuation Link to comment Share on other sites More sharing options...
SocalDinar Posted October 16, 2014 Report Share Posted October 16, 2014 WOW Dinar Vets censorship, Amazing 50 % of all News posting are really Op eds, Even Administrators post these but throw the word devaluation in there and it gets moved Probably not good for VIP sales, I get it OK I'll play along GO RV GO SHABS VIVA IRAQ!! This is not how it is supposed to happen: http://www.iraq-businessnews.com/2014/10/16/time-to-bite-the-bullet/ Grrrr We put our faith in a third world corrupt Government. Heck we don't trust our own government but we trusted these guys. Well at a minimum I have learned alot because of the dinar. That at least has some value 1 Link to comment Share on other sites More sharing options...
NeedRv Posted October 16, 2014 Report Share Posted October 16, 2014 DE-VALUE.......HAHA.....thats hilarious .... eventho it possibly COULD....how much more can it DE-VALUE before the dinar turns to dust..... 4 Link to comment Share on other sites More sharing options...
TrinityeXchange Posted October 16, 2014 Report Share Posted October 16, 2014 what amazes me is how believable a devaluation of currency is but when one begin talking about revaluation, all of a sudden it is shrouded in all kinds of theories. very interesting. 1 Link to comment Share on other sites More sharing options...
ReinMan Posted October 17, 2014 Report Share Posted October 17, 2014 It's a BLOG. It's not official. Don't believe anything til you see it. If it devalues significantly, hey maybe we buy a little more, it can only go up from there, right? PLUS, if enough people believe that little blurb there, watch the currency auctions to not have any more takers! I WILL LAUGH MY ASS OFF IF THAT HAPPENS!! Just sit back and watch. Nothing is real until you you see it with your own eyes. 2 Link to comment Share on other sites More sharing options...
easyrider Posted October 17, 2014 Report Share Posted October 17, 2014 (edited) this is the same site that said it rved as an april fools joke haha you decide. Yea lets devaule the dinar even more when its at 1/8th of a penny to the u.s dollar LOL give me a break. Edited October 17, 2014 by easyrider 2 Link to comment Share on other sites More sharing options...
gymrat76541 Posted October 17, 2014 Report Share Posted October 17, 2014 Time to Bite the Bullet Posted on 16 October 2014 . If Iraq didn’t face enough challenges already, the slump in the price of crude oil is another unwelcome development for the new Abadi government to deal with. At a current price of $81.78, the benchmark West Texas Intermediate (WTI) crude is down nearly 25 percent from its June high, driven in part by a strong US dollar and weak Chinese demand. This comes at a time when Iraq needs all the funds it can get to bolster its defences and eventually eliminate the existential threat from the Islamic State. As difficult as it will be, Iraq’s parliament must finally agree a budget for this year based on the unpalatable reality that it is now facing. It must also bite the bullet and accept that in order to fund the war for its survival, public sector cuts will be needed in 2015, and that it may have to run a budget deficit. A devaluation of the Iraqi dinar is one possible consequence of a budget deficit, but this would also help the balance of payments and leave Iraq in a more competitive position. Ignoring the budget problem won’t make it go away. http://www.iraq-businessnews.com/2014/10/16/time-to-bite-the-bullet/ Iraq is not spending a dime extra on DEFENSE! In case you have not watched the news - other countries are fighting & financing the war! Link to comment Share on other sites More sharing options...
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