A government official's /: The government is facing a shortage of Iraqi dinars on the local market

[yota691]

A government official's / Republic News /: The government is facing a shortage of Iraqi dinars on the local market

 

 

Wed, 28 Sep 2016 09:41:15

 

 

 

 

 

 

 

 

 

 

A senior government official confirmed today, that the fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars on the local market, pointing out that the Ministry of Finance is selling 80% of dollar revenues to the central bank and then the latter to sell hard Eulma market gets to the Iraqi dinar.

 

The official, who declined to be identified for / Republic News that "there is out of hard currency out of Iraq because of the security and economic conditions experienced by the country, pointing out that the central bank gives the freedom of the individual to act in the funds, whether the currency abroad convert reasons to travel or investment outside of Iraq. "

And that "the Iraqi dinar is an internal expenses, government contracts and its imports are considered hard currency, pointing out that" fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars in the local market. "

 

And that "the Ministry of Finance get foreign exchange earnings increased by 100%, pointing out that the financial sell 80% of foreign currency to the central bank to be put up in the market to sell and get the Iraqi dinar is then cashed in the local market to be traded in terms of the payment of staff salaries ".

 

He pointed out that "the occurrence of financial crimes and thefts for some banks pay the central bank to intensify actions on the banks to protect the capital, stressing that the central bank has no any auction for the sale of hard currency in the whole of Iraq."

 

 

[ChuckFinley]

Thanks Yota,. A shortage of dinar. Hmmmmmm. Things could be getting interesting. 

[bostonangler]

They can have mine! Ahhh it'll only cost them $1 each

 

B/A

[EagleEye]

shortage of dinar....AND ...no auction in Iraq......ooooooo ME LIKEY !!!

[MyLadiesDaddy]

9 minutes ago, bostonangler said:

They can have mine! Ahhh it'll only cost them $1 each

 

B/A

I'm with you there B/A

[nannab]

14 minutes ago, bostonangler said:

They can have mine! Ahhh it'll only cost them $1 each

 

B/A

Mine too !!! 

[EagleEye]

4 minutes ago, ladyGrace'sDaddy said:

I'm with you there B/A

works for me too...and i'm available today !!

 

[Gypsygirl11]

23 minutes ago, bostonangler said:

They can have mine! Ahhh it'll only cost them $1 each

 

B/A

Shoot, they can have mine for .50 - just collecting dust over the last seven years. DO SOMETHING IRAQ  !!!!!!!!!!!!!!!!!!

[SnowGlobe7]

shortage? hummmmm

 

[Synopsis]

1 hour ago, SnowGlobe7 said:

shortage? hummmmm

 

Hmmm Hmmm Good, Hmmm Hmmm Good, that's what dinar shortages are, Hmmm Hmmm Good!

[blueskyline]

So can we assume that the 4 Billion Plus note count is far closer to 1 Billion ???

[MyLadiesDaddy]

2 minutes ago, blueskyline said:

So can we assume that the 4 Billion Plus note count is far closer to 1 Billion ???

Or less. Surely you didn't think they were telling us the truth? 

[blueskyline]

1 minute ago, ladyGrace'sDaddy said:

Or less. Surely you didn't think they were telling us the truth? 

My intentional gulliblness just makes this journey a little easier 

[King Bean]

3 hours ago, bostonangler said:

They can have mine! Ahhh it'll only cost them $1 each.

C'mon B/A.  $5 each. Go big, or go home. 

[steveh12]

Do I hear $7 ?

[Wiljor]

Good morning Yota 

 

This is the 2nd article I believe from our Jedi master about a shortage of dinar on the street. If memory serves me correctly the last one was about 2 months ago.

 

[ChuckFinley]

49 minutes ago, blueskyline said:

So can we assume that the 4 Billion Plus note count is far closer to 1 Billion ???

Would not trust them, but I do think something is up. We must be getting there. I would like to know what denominations are being brought in. That would tell us a lot.

Edited September 28, 2016 by ChuckFinley

[boosterbglee]

I've been waiting a long time for them to buy my Dinars from me!   For the right price..........sold!

[blueskyline]

.........stressing that the central bank has no any auction for the sale of hard currency in the whole of Iraq."

Edited September 28, 2016 by blueskyline

[calkid11]

Thank you 

[blueskyline]

Thank You Yota . Good Morning DV !

[TexasMike1958]

Not a dollar each.... a dollar for every dollar of dinar I possess.  That sounds fair doesn't it????

[Wiljor]

7 minutes ago, blueskyline said:

Thank You Yota . Good Morning DV !

[junnito]

RV and they can have my overage.

Go RV... 1+

[Laid Back]

This is good news for us.!

The CBI has been dollarizing the country for many years

The CBI has been reducing the note count from 4 billion notes to 1 billion notes

The Iraqi citizen keeping the chunky cash under the mattress 

The time is ripe to apply the new monetary policy

Stop currency auctions... Give real value to the dinar $1:1 or more... Roll out lower denomination notes

Dollarize... RV... Dedollarize