Governor of the Central Bank: the weakening of the dinar attempts failed and seven facts constitute a shield for our currency

[yota691]

Governor of the Central Bank: the weakening of the dinar attempts failed and seven facts constitute a shield for our currency

 

Friday June 19, 2015 13:43

 

 

 

 Alsumaria News / Baghdad 
announced the Governor of the Central Bank of Iraq, said Friday that attempts to weaken the dinar FD failed and will develop to fail at any time, and confirmed the existence of seven facts constitute a shield fortified local currency. He said on the Keywords in a statement received Alsumaria News , a copy of it, that "the facts the past few days has shown that attempts to weaken the dinar speculators and attempts to fool hard facts failed to failure and will develop at any time, "stressing that" there are seven facts constitute fortified shield domestic our currency. "
 

 

 

Keywords explained that these facts is that the "foreign currency reserves is twice the size of the Iraqi dinar in the market, providing a cover to respond to any request," adding at the same time to "Access inflation to less than 2%." Keywords and added that the third truth is "progressive increase in oil production and prices, "pointing at the same time to" low consumer government spending dramatically. " and the Governor of the Central Bank that "the indicators and the facts confirm the defeat of terrorism in the near future," adding "almost daily coordination between monetary and fiscal policy for the first time." . Keywords and pointed out that the seventh fact is "the existence of direct support from the International Monetary Fund and the World Bank and the Islamic Development Bank to overcome the oil price shock." The prime minister Haider al-Abadi stressed, on Thursday (June 18, 2015), the need to maintain the dinar exchange rate against the dollar in local markets and to prosecute any disturbance factors combined with objective conditions. agreed the crisis cell, headed by the Prime Minister on the proposal of the Central Bank delete 8%, which represents income tax and customs added cash remittances. He said Governor of the Central Bank, on Thursday, that the decision to cancel the duties and taxes will reduce the price dollar exchange dramatically, confirming the approval of a cell of the crisis on the bank's proposal to delete the custom duty and tax on the purchase of the dollar.

 

[MyLadiesDaddy]

WOW simply WOW.

sounds like an itinerary or roadmap for major change.

with the reserves hovering somewhere around 100 billion dollars it seems clear dinar in circulation then we were led to believe.

[sandfly]

THEN PUT SOME POWER TO THE DINAR

[yota691]

 

Governor of the Central Bank: the weakening of the dinar attempts failed

 

      Friday   19   June   2015 | 14:10

 

 

 

 

Indicators and the facts confirm the defeat of terrorism in the near future

 

 

Governor of the Central Bank announced that the attempts to weaken the dinar failed and will develop to fail at any time, and confirmed the existence of seven facts constitute a shield fortified local currency 
and said on the Keywords in a statement that the facts of the past few days have shown that attempts to weaken the dinar and the attempts by speculators fool hard facts have been unsuccessful and will develop a failure in any time, stressing that there are seven facts constitute a shield fortified local to our currency 
and explained Keywords that these facts is that the foreign currency reserves of twice the size of the Iraqi dinar in the market that provides cover to respond to any request, noting at the same time to the arrival of inflation to less than 2%, and added Keywords that the third fact is the progressive increase in oil production and prices, pointing at the same time to lower consumer government spending dramatically 
, adding the central bank governor that the indicators and the facts confirm the defeat of terrorism in the near future, referring to the almost daily coordination between monetary and fiscal policy for the first time

[TLHUBER]

How can you Weaken an already Worthless Currency ? Threaten to burn it all?

[Laid Back]

Step by step Iraq continues moving forward.

[Tirebiter]

Did he really just say "foreign currency reserves are twice the amount of dinar in the marketplace"???? Wow. Interesting math if true.

[skeetdog]

Thanks Yota...With the books open on the credit rating determination...These numbers will soon be justified if they're true...The CBI has a great trace record despite the Finance Committee sticking their nasty little noses where it doesn't belong...I'm inclined to lean toward the only organization that has shown credibility to their profession... 

[Freedomrules]

Awesome!. We may be looking at doubling our money!  Great News Yota, Thanks

[Boozer]

Did he really just say "foreign currency reserves are twice the amount of dinar in the marketplace"???? Wow. Interesting math if true.

Did they not say a few Months ago it was 1 1/2  now 2 times, I LIKE that.

[Officiallytook]

1-1

1-2

1-3

within a months timeframe after it kicks off initially...

[Integrativedoc]

If true they are down to roughly 39 Trillion dinar in circulation