Parliamentary Finance: coming days will witness a decline in the dollar exchange rate

[yota691]

Saturday, March 14, 2015 11:07                                                                                                                                                                                     Parliamentary Finance: coming days will witness a decline in the dollar exchange rate

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BAGHDAD / Baghdadi News / ... attributed member of the Finance Committee parliamentary deputy Masood Haider, Saturday, stronger US dollar against the Iraqi dinar to the steps taken by the Central Bank of Iraq to stop money laundering and smuggling of foreign currency.

 

Haider said to the reporter / Baghdadi News / "The steps and decisions taken by the Central Bank of Iraq to stop money laundering and smuggling of hard currency is the main reason for the rise of the dollar against the Iraqi dinar."

Haider added that "tax insurance resolutions and reduce currency auctions raised from 400 million to US $ 70 million, the imposition of a state of anxiety among the bidders in the currency market, pushing up the exchange rate."

Haider pointed out that "the decision is excellent and will help stop the hard currency smuggling and money laundering in Iraq," adding that "the exchange rate will not rise from the end cap Al1280 dinar against the dollar," expected "to decline in the coming days after the stability of the market situation." Ended 21 / l

[sandfly]

WEL LETS HOW MUCH THANKS YOTA

[SgtFuryUSCZ]

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...growing pains....

[Wiljor]

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...growing pains....

Morning SGT, lets see how painful

[SgtFuryUSCZ]

Morning SGT, lets see how painful

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Mornin', WILJOR...!

 

Well, based on the articles HisYOTAness has been importing, it appears we're in another positive-sounding wave of activity!

 

CBI / GOI are once again releasing a plethora of statements regarding cementing in laws and systems which

will have them behaving like a 'normal' international entity any day now !

[Boozer]

the words we hate,,, In The Coming Days..... New Word for you.... NOW ! as in Today

[Big_J]

[Saintsfan]

Thank you

[skeetdog]

Thanks Yota....I thought Sgt was referin' to ''Sandfly'' construtin' a full sentence....

[Wiljor]

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Mornin', WILJOR...!

 

Well, based on the articles HisYOTAness has been importing, it appears we're in another positive-sounding wave of activity!

 

CBI / GOI are once again releasing a plethora of statements regarding cementing in laws and systems which

will have them behaving like a 'normal' international entity any day now !

Yep agreed SGt, Abadi is on a mission and he appears to have a good team with all moving in the same direction and same goal in mind. I like what I see and pray Iraq releases itself from the grip it is now under and its people free from war. And yes, that we also get our payday as well :-)

["Fred"]

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Mornin', WILJOR...!

Well, based on the articles HisYOTAness has been importing, it appears we're in another positive-sounding wave of activity!

CBI / GOI are once again releasing a plethora of statements regarding cementing in laws and systems which

will have them behaving like a 'normal' international entity any day now !

Sgt. - let's keep this train going,no more hold ups till the finish line. Happy Sunday everyone

[Reverse-Pumper]

Has anything in that country ever happened in "the coming days" before?

[SocalDinar]

Well he must be talking Market rate right?  The stopping of Iraqs currency auctions has had absolutely nothing to do with the rise of the USD. Last time I looked the CBI rate was still 1166.   So no auctions means less dollars available but the demand is still there so the market rate has been effected.  I do think that the amount it has dropped is fairly low and it will rebound back. When? well In the coming days and soon of course

Edited March 15, 2015 by SocalDinar

[10 YEARS LATER]

Pardon me if I don't jump up & down at the news that includes " in the coming days". . . we began listening to that tune on a regular basis back in early 2012. 

 

   ??????

Edited March 15, 2015 by 10 YEARS LATER

[Palmtree1970]

I'm tired of the same old crap out of Iraq hopefully this will be our last year in this .....

[Laid Back]

Day by day we are getting closer to the end of this ride.!

We patiently wait.!

Back to my hammock

[Calijim1]

Sounds to me the article is talking about things going back to normal ie 1166 to the dollar and nothing more. Hope I'm wrong.