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Iraqi government criticized for failing to raise the value of the Iraqi dinar

gemini305

By gemini305,
in Iraq & Dinar Related News

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gemini305 Newbie

gemini305

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http://www.aknews.com/en/aknews/2/163759/

Iraqi government criticized for failing to raise the value of the Iraqi dinar

Wednesday, July 14th 2010 12:09 PM

Baghdad, July 14 (Aknews) – The departing Iraqi government has faced criticism from economists for failing to increase the value of the Iraqi dinar despite the rise in oil prices on the international market.

The dinar continues to suffer from it's significant difference in value from the hard currencies and this divide has been blamed on the lack of financial planning by Iraq's governmental economic institutions.

Iraqi economist, Taher Yasin said today that the appropriate governmental institutions need to look seriously at the activation of the necessary frameworks that would lead to the development of the position of the Iraqi dinar on the international market.

"The problem of the Iraqi currency remaining the same despite high oil prices is due to the lack of economic awareness in the country, as well as the arbitrary decisions taken previously by the Iraqi government." Yasin observed.

Yasin further commented that this would be all the more pertinent in light of the opening of Iraqi markets in the region.

It is Yasin's belief that Iraq's economic prosperity and the strengthening of the Iraqi dinar are being hampered by financial problems resulting from the government's past decisions and lack of financial planning.

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RICK C Newbie

RICK C

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Well at least someone has noticed the results of keeping the Dinar Down, Time to let someone else take over the helm and show them the way to Prosperity and get their country back on it's feet again. How else will they rebuild if their currency is worthless.

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Barboza Newbie

Barboza

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Well at least someone has noticed the results of keeping the Dinar Down, Time to let someone else take over the helm and show them the way to Prosperity and get their country back on it's feet again. How else will they rebuild if their currency is worthless.

Ditto. :D

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siouxperseven Newbie

siouxperseven

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I think this is a sign. ;) Either good things are coming or our positive RV thoughts have been caught by the media. Now we just gotta think them a couple thousand miles further. :lol: Thanks for sharing the post :)

What about this LOP that is talked about? I went to XE.com and it mentioned lopping by the Central Bank but the article was from 2-11-10....is this garbage, rumor or can it actually happen?

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LittleMissGrits Newbie

LittleMissGrits

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I don't mean for this to be a downer, but for months and months, actually a year now, we have been told that we are at the doorstep on the RV, that the rate is really settled, just not announced; that the rate is really contained in the budget, in the documents ... and then this guy comes along and makes it sound like ... "Ya know, we really ought to start giving the value of the dinar some thought". Either it has been in the works, or it hasn't. If it is where we have been lead to think it is ... ALL BUT AT THE BANK ... then this guy is way behind times. And if he is right, it sounds like the issue is hardly even on the table ... he says ... look at the necessary framework that would LEAD to the DEVELOPMENT of the position of the dinar .... WHAT IS THAT!!!!???? Feedback? Am I off base here? Anyone else sense this?

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joe-dinar Newbie

joe-dinar

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Great news to be posted in iraq news papers, even though it has been talked about alot in our dinar world, this is a first at least in a long time in iraq news.

Maybe they are just turning on the light bulb, but as many have said in order for iraq to develop in a way they are planning will require an RV.

Lets all just pray this is a good sign and we are getting even closer to an RV in the very near future.

Thanks for posting gemini305 - I am going to look at this as being very positive.

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