yota691 Posted March 10, 2015 Report Share Posted March 10, 2015 Between speculators and the central procedures dollar exchange rate up to the highest rate in two years Tuesday 10 March 2015 12:50 Alsumaria News / Baghdad Continuous rise in the price of the dinar against the dollar despite the central bank action to maintain stability, what is the secret of this rise after years of relative stability? And how they can be met, whether caused by a contraction of the dollar amounts of the market? During the past two months have seen the Iraqi market, a gradual rise in the dollar's exchange rate against the dinar, currently up to 1228 dinars to the dollar, the highest rate up to the exchange rate during the past two years, and while specialists Financial considered that a bubble is due to appear for the speculators, that the experts confirmed This increase was the result of the budget law, which reduced the amount of dollar selling in the auction. And confirms the Governor of the Central Bank on the relationship, "The rise in the dollar price in the market is slightly due to speculators," explaining that "this increase came after the Bank has developed new mechanisms to sell the dollar at the auction." Illustrates the relationship in an interview with Alsumaria News for, "This rise is due to speculators in the dollar and some groups that were subsist on the bank auction before," he said, adding that "the bank expected for such a rise in the dollar, which is unjustified and unreasonable and real at the same time ". Keywords and pointed out that, "This rise is considered normal when you move from one stage to another or from one mechanism to a new mechanism to sell the currency." For his part, Economic Adviser to the Prime Minister says the appearance of Mohammed Saleh in an interview with Alsumaria News's, "The rise experienced by the dollar in the market currently in front of the Iraqi dinar is just a bubble because there are some speculators and Translated in the market," he said, adding that "the dinar is very strong and is covered by one and a half of hard currency. " Saleh stresses that "the bank has enough to dispel these procedures bubble within a few hours of shut down and restart the situation to what it was previously." As a member of the Economic Committee Najiba Najib Afqatol in an interview with Alsumaria News's, "The budget bill for the current year 2015 included a restriction or condition within one of its articles, which can not exceed the sale of the bank conducted by more than $ 75 million per day auction, indicating that" the new procedures to sell the currency imposes the existence of documents of any order to buy the dollar by the Bank to participate in the auction banks, and these amounts can be obtained only after 15 days. " Najib confirms, that "the central bank introduced an appeal to the Federal Court to cancel this requirement in the budget, unexpected gain appeal there to be free to sell the dollar auction the bank, and therefore this will be reflected in the reduction of prices of the dollar." He says economist Hilal Tahan said in an interview for the Sumerian News, "The budget bill for the current year reduced the central bank sales of $ 300 million to $ 75 million a day, causing a rise in the dollar markets." Miller adds, "The rise of the dollar against the euro prices worldwide and sterling was another reason for the rise locally, and that the dollar supply in the domestic market is very small, which led to a rise to 1228 dinars to the dollar." The dollar price in the local market before the Iraqi dinar gradually up to 1228 dinars to the dollar, compared to 1225 thousand dinars to the dollar over the past month and 1,200 dinars to the dollar through the end of last year 2014. 1 Link to comment Share on other sites More sharing options...
Deborah Layne Posted March 10, 2015 Report Share Posted March 10, 2015 Saleh stresses that "the bank has enough to dispel these procedures bubble within a few hours of shut down and restart the situation to what it was previously." What does this mean? And good morning Yota Link to comment Share on other sites More sharing options...
eburt Posted March 10, 2015 Report Share Posted March 10, 2015 I am clueless to what this article means. . Link to comment Share on other sites More sharing options...
seks Posted March 10, 2015 Report Share Posted March 10, 2015 1228 dinars to the dollar is going the wrong way !! 1 Link to comment Share on other sites More sharing options...
yota691 Posted March 10, 2015 Author Report Share Posted March 10, 2015 Dollar exchange rate up to the highest rate in two yearsBy Mohammed Emad one nine 10/3/2015 | Views: 73Font Size: Brother - Baghdad Continuous rise in the price of the dinar against the dollar despite the central bank action to maintain stability, what is the secret of this rise after years of relative stability? And how they can be met, whether caused by a contraction of the dollar amounts of the market? During the past two months have seen the Iraqi market, a gradual rise in the dollar's exchange rate against the dinar, currently up to 1228 dinars to the dollar, the highest rate up to the exchange rate during the past two years, and while specialists Financial considered that a bubble is due to appear for the speculators, that the experts confirmed This increase was the result of the budget law, which reduced the amount of dollar selling in the auction. And confirms the Governor of the Central Bank on the relationship, "The rise in the dollar price in the market is slightly due to speculators," explaining that "this increase came after the Bank has developed new mechanisms to sell the dollar at the auction." Illustrates the relationship "This rise is due to speculators in the dollar and some groups that were subsist on the bank auction before," he said, adding that "the bank expected for such a rise in the dollar, which is unjustified and unreasonable and real at the same time." Keywords and pointed out that, "This rise is considered normal when you move from one stage to another or from one mechanism to a new mechanism to sell the currency." For his part, Economic Adviser to the Prime Minister says the appearance of Mohammed Saleh said that "the rise seen with the dollar in the market currently in front of the Iraqi dinar is just a bubble because there are some speculators and Translated in the market," he said, adding that "the dinar is very strong and is covered by one and a half of hard currency." Saleh stresses that "the bank has enough to dispel these procedures bubble within a few hours of shut down and restart the situation to what it was previously." As a member of the Economic Committee Najiba Najib Afqatol "The budget bill for the current year 2015 included a restriction or condition within one of its articles, which can not exceed the sale of the bank conducted by more than $ 75 million per day auction, indicating that" the new procedures for the sale of currency imposes the existence of documents for any an order to buy the dollar by the Bank to participate in the auction banks, and these amounts can be obtained only after 15 days. " Najib confirms, that "the central bank introduced an appeal to the Federal Court to cancel this requirement in the budget, unexpected gain appeal there to be free to sell the dollar auction the bank, and therefore this will be reflected in the reduction of prices of the dollar." He says economist Hilal Tahan "The budget bill for the current year reduced the central bank sales of $ 300 million to $ 75 million a day, causing a rise in the dollar markets." Miller adds, "The rise of the dollar against the euro prices worldwide and sterling was another reason for the rise locally, and that the dollar supply in the domestic market is very small, which led to a rise to 1228 dinars to the dollar." The dollar price in the local market before the Iraqi dinar gradually up to 1228 dinars to the dollar, compared to 1225 thousand dinars to the dollar over the past month and 1,200 dinars to the dollar through the end of last year 2014. Link to comment Share on other sites More sharing options...
Officiallytook Posted March 10, 2015 Report Share Posted March 10, 2015 This could be a good thing... Kind of like their forcing them to use the dinar 1 Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted March 10, 2015 Report Share Posted March 10, 2015 If we gotta get Ted Nugent to fly over there to put these guys into a " STRANGLEHOLD " to get them to use THEIR OWN CURRENCY . . . I'm all for it 1 Link to comment Share on other sites More sharing options...
429 Posted March 10, 2015 Report Share Posted March 10, 2015 Saleh stresses that "the bank has enough to dispel these procedures bubble within a few hours of shut down and restart the situation to what it was previously." I don't think the "previously" is 1166:1. This is an opinion piece but it's quoting Saleh and I believe it's referring to a really good exchange rate! Thank you yota and good morning, sir. 2 Link to comment Share on other sites More sharing options...
vomer Posted March 10, 2015 Report Share Posted March 10, 2015 This article lacks the confusing 'translation babble' that we see with articles coming from Iraq leading me to believe it may have been written by a guru. JMO. 4 4 Link to comment Share on other sites More sharing options...
Integrativedoc Posted March 10, 2015 Report Share Posted March 10, 2015 Saleh stresses that "the bank has enough to dispel these procedures bubble within a few hours of shut down and restart the situation to what it was previously." What does this mean? And good morning Yota They are trying to force the GOI to remove the 75M restriction on them placed in the budget. Then they will restart the auctions and eliminate the bubble. 2 1 Link to comment Share on other sites More sharing options...
sandfly Posted March 10, 2015 Report Share Posted March 10, 2015 THANKS 1 1 Link to comment Share on other sites More sharing options...
Saintsfan Posted March 10, 2015 Report Share Posted March 10, 2015 Thank you, Im not really understanding this article either,can someone clarify its meaning please ? Yota? TrinityX? Markinsa? Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted March 10, 2015 Report Share Posted March 10, 2015 What's with all the raspberries? Dang folks everyone is just trying to understand this mess. Deb, I think it means he can do nasty things to us, and we have to like it 2 1 Link to comment Share on other sites More sharing options...
Shelley Posted March 10, 2015 Report Share Posted March 10, 2015 I don't think Saleh has an attitude worth catching !!! Link to comment Share on other sites More sharing options...
Texstorm Posted March 10, 2015 Report Share Posted March 10, 2015 Thanks Yota ! If the CBI wins this one then we are back to square one, I kind of hope the GOI wins this one, I don't want it to go back where it previously was. Link to comment Share on other sites More sharing options...
davis411 Posted March 10, 2015 Report Share Posted March 10, 2015 ok this lost me at hello simple term to understand help me i am not that quick Link to comment Share on other sites More sharing options...
dog53 Posted March 10, 2015 Report Share Posted March 10, 2015 (edited) Pretty rough translation. What I hope it means is that if the dinar continues to fall. They can reset it back to where it was before. and where it was before can mean anything Edited March 10, 2015 by dog53 1 Link to comment Share on other sites More sharing options...
RV4CandyMan Posted March 10, 2015 Report Share Posted March 10, 2015 Good Morning DV! Enjoying the ride! 1 Link to comment Share on other sites More sharing options...
staunch Posted March 10, 2015 Report Share Posted March 10, 2015 (edited) Good Morning DV! Enjoying the ride! Morning candyman. Welcome to the forum. Edited March 10, 2015 by staunch Link to comment Share on other sites More sharing options...
Bunk Posted March 10, 2015 Report Share Posted March 10, 2015 Good Morning DV! Enjoying the ride! Good Morning! Enjoying the ride? Link to comment Share on other sites More sharing options...
boosterbglee Posted March 10, 2015 Report Share Posted March 10, 2015 Hold on with both hands.......because nobody really knows if we're going up or down, right or left...quite confusing! 2 Link to comment Share on other sites More sharing options...
Texstorm Posted March 10, 2015 Report Share Posted March 10, 2015 Hold on with both hands.......because nobody really knows if we're going up or down, right or left...quite confusing! Did you tell him about the tunnel ? 2 Link to comment Share on other sites More sharing options...
dog53 Posted March 10, 2015 Report Share Posted March 10, 2015 Good Morning DV! Enjoying the ride! After about 9 years im pretty much suffering from motion sickness. Welcome aboard candyman. 3 Link to comment Share on other sites More sharing options...
boosterbglee Posted March 10, 2015 Report Share Posted March 10, 2015 Waiting for Adam to tell me everything's going to be OK! 1 Link to comment Share on other sites More sharing options...
olivesman Posted March 10, 2015 Report Share Posted March 10, 2015 In certain professions they say, "ANY publicity is good publicity." I'm inclined to think ANY movement is good movement! 2 Link to comment Share on other sites More sharing options...
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