Central: No intention to amend the Iraqi dinar exchange rate

[yota691]

01/09/2016 19:42

Central: No intention to amend the Iraqi dinar exchange rate

 

 

 

Central: No intention to amend the Iraqi dinar exchange rate

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Central bank: no intention to amend the Iraqi dinar exchange rate

 

Saturday January 9, 2016 17:40

 

 

 

         

 

 

 

Alsumaria News / Baghdad

The Central Bank on Saturday, the lack of intent to amend the Iraqi dinar exchange rate, pointing out that the devaluation of the dinar would lead to damaging the purchasing power of citizens.

 

 

The bank said in a statement received by Alsumaria News, a copy of it, he was "no intention to amend the dinar exchange rate and that what is declared by the otherwise from any person or entity has not considered particularly after it has been installed price in the budget agreement with the Government and the International Monetary Fund."

 

 

The statement added that "the central bank is well aware that any reduction in the value of the dinar meant damaging the purchasing power of citizens because most of their needs are imported."

 

The prime minister Haider al-Abadi said earlier, that the Iraqi currency backed strongly there is no fear on the exchange rate of the dinar against the dollar, as he pointed to the existence of "manipulation and conspiracy" to influence the current situation.

[chinadawg]

great...no devalue....how about increase value ?

[Palmtree1970]

Lower it ,raise it do something with it please ...I'm getting tired of the waiting already

[unirod]

We should get excited when any country goes on record denying they are going to adjust their exchange rate.

[yota691]

Central bank: no intention to amend the Iraqi dinar exchange rate

Economy and Tenders

 Since 01/09/2016 18:39 pm (Baghdad time)

BAGHDAD - scales News

The Central Bank, on Saturday, the lack of intent to amend the Iraqi dinar exchange rate, pointing out that the devaluation of the dinar would lead to damaging the purchasing power of citizens.

The bank said in a statement received / scales News /, a copy of it, he was "no intention to amend the dinar exchange rate and that what is declared by the otherwise from any person or entity has no regard for, especially after it has been installed price in the budget agreement with the Government and the International Monetary Fund ".

The statement added that "the central bank is well aware that any reduction in the value of the dinar meant damaging the purchasing power of citizens because most of their imported" .anthy 29/33 h

[vomer]

 

[Laid Back]

Another article taking about the dinar exchange rate.

Looks like the are Informing the citizens.

The CBI don't want to devalue the dinar because it will damage the purchasing power of citizens

Change is coming.!

The promise more purchasing power to the people, To accomplish that they need to increase the exchange rate

Go Iraq

Go CBI

Go monetary reform

Go dinar

Go increase exchange rate

Go $1:1

Go 2016

[mrparrot]

Ok...so...place your bets.

Which guru is going to be the

first one to jump on this with:

OMG!!!

OMG!!!

WE'RE AT THE END!!!

KUWAIT DID THE SAME THING

JUST BEFORE THEY RV'D THEIR

CURRENCY!!!

THEY CAME OUT AND SAID THAT

THEY HAD NO INTENTIONS OF MAKING

ANY CHANGES TO THEIR CURRENCY,

AND THEN THEY DID!!!

Edited January 9, 2016 by mrparrot

[ixic]

Iraq might be taking a page out of other countries' playbook:

 

Today: "we are not changing the exchange rate of our currency's value"

 

Tomorrow: "our currency's exchange rate is now 1 dinar equals 10 cents to the dollar"

 

It could happen...i'm hoping.

[chinadawg]

I think the point of the article was stressing no devalue.....did not so they would not increase value.

[Synopsis]

Ok...so...place your bets.

Which guru is going to be the

first one to jump on this with:

OMG!!!

OMG!!!

WE'RE AT THE END!!!

KUWAIT DID THE SAME THING

JUST BEFORE THEY RV'D THEIR

CURRENCY!!!

THEY CAME OUT AND SAID THAT

THEY HAD NO INTENTIONS OF MAKING

ANY CHANGES TO THEIR CURRENCY,

AND THEN THEY DID!!!

I could not believe this article is real at first since this is exactly what I have been looking for regarding misinformation from a major Iraqi news outlet.

Abadi could be giving actual information if the new international IQD rate has changed and is being rolled out soon.

There may be some more misinformation in the upcoming days from official Iraqi news outlets.

If I am not mistaken, some time ago, China made a large page announcement in the Wall Street Journal or New York Times or something that China would not be revaluing the yuan/renminbi anytime soon and then they revalued the very next day.

Hold on folks, I think 2016 is our year and this just may be our day sooner than we could hope or imagine!

[jcav]

great...no devalue....how about increase value ?

 

Yup.

Lower it ,raise it do something with it please ...I'm getting tired of the waiting already

 

Yup

 

We should get excited when any country goes on record denying they are going to adjust their exchange rate.

 

And, Yup again.  

[Jaygo]

I think the point of the article was stressing no devalue.....did not so they would not increase value.

Thank you!! Exactly what I was thinking!!!

[Officiallytook]

Devalue revalue reinstate don't care, it's all education to the people...

Soon enough...streets are just about cleaned up nice...

[Kraidle]

This is good news. No steps backward are always a good thing.

[TennesseeCherokee]

Ok...so...place your bets.

Which guru is going to be the

first one to jump on this with:

OMG!!!

OMG!!!

WE'RE AT THE END!!!

KUWAIT DID THE SAME THING

JUST BEFORE THEY RV'D THEIR

CURRENCY!!!

THEY CAME OUT AND SAID THAT

THEY HAD NO INTENTIONS OF MAKING

ANY CHANGES TO THEIR CURRENCY,

AND THEN THEY DID!!!

Frank and The Blue Couch Gang.....

[Boozer]

I see this as GOOD news if true.... Not saying tomorrow but the American meaning of SOON !!

[newbieDA]

Yup.

 

Yup

 

 

And, Yup again.  

 

Sandfly with hiccups

[Zcountess]

I agree, sink swim ,,, collapse or survive ...;. just do something IRAQ........The world is getting bored now >> with all your issues and complaints, and stalling ect ect ect ..!  

[docneedles]

Here's my take. Iraq has no economy except oil and they are freaking out about the falling price of oil.  They have borrowed from the IMF and the World Bank and they still have a deficit. They have been socializing the 2000 dinars to the dollar, and this article states they can make it without the severe devaluation. I am glad to read this. Hopefully 2016 will be a re building year and they can sorta land on their feet. They need to. They have been worn torn for far too long.

[climber7]

Iraq might be taking a page out of other countries' playbook:

 

Today: "we are not changing the exchange rate of our currency's value"

 

Tomorrow: "our currency's exchange rate is now 1 dinar equals 10 cents to the dollar"

 

It could happen...i'm hoping.

 

 

Just curious.....

 

What country did that and when? 

[magawatt]

Ya, well I guess that'a all she wrote. No RV Fer sure now for crying out loud.

[calkid11]

Thank you Yota

[Candy01]

I see it as good news too Boozer!

 

PRAYING!!

 

[yota691]

The central bank ruled out modifying the dinar exchange rate against the US dollar By Hussein Zangana 3 hours ago

Foreign currency

Roudao - Erbil

ruled the Central Bank, on Saturday, to be his intention to modify the dinar exchange rate against the US dollar, citing the adoption of the Iraqis to meet their needs on imported goods. The monetary policy committee at the central bank said in a statement, seen by Roudao network media , that "no intention of modifying the dinar exchange rate, and that what is declared by the otherwise from any person or entity has not considered especially after it has been installed price in the budget agreement with the Government and the International Monetary Fund." The statement added, "The central bank is well aware that any reduction in the value of the dinar meant hurting purchasing power of citizens because most of their needs are imported. "He explained," address the financial situation must be addressed to the advancement of the real sectors The Bank initiative to provide loans for the promotion of these sectors signal and an incentive for the promotion of these sectors. "He continued," The Board of Directors Bank is the only body authorized by law to determine the exchange rate and every statement in this regard does not issue him is confusion and confusion to the market. "