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6 minutes ago, Laid Back said:

Ok, we understand you (CBI) can't float the dinar in this conditions... That means you have a different plan.!

 

Looks like the CBI is planning to remove exchange control in the near future.

 

Go CBI 

Go new monetary policy 

Go RV

Go 2018

 

I agree, Laid Back, Brother! Hope Your Christmas Season is Enjoyable!:tiphat:

 

With the recent talk of eliminating the daily currency auctions and their corruption, what else can they do but ReInstate/ReValue the IQD if they have said the float is not a preferred action?

 

Going to the “open economy” from the “closed economy” to go to an internationally traded IQD would eliminate the daily currency auctions with the associated corruption and rocket the reconstruction and economic development in Iraq!

 

Eliminating the daily currency auctions is projected to occur in the first quarter of 2018. I suspect their is international “encouragement” to not deploy the word “soon” here!

 

Lookin’ Good!

 

Go Moola Nova!

:pirateship:

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2 minutes ago, Synopsis said:

 

:twothumbs: DinarDavo, Brother! I trust Your Christmas Season with Your Family is enjoyable and memorable! :tiphat:

 

Go Moola Nova!

:pirateship:

 

Thanks Synopsis....Christmas was rather low-keyed for us.....all good though. Hoping for a very prosperous New Year for all Dinarians! Blessings to you and yours!

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On 12/24/2017 at 5:49 PM, DinarThug said:

Alalak": 48 billion dollars cash reserve current central Iraqi

"Alalak": 48 billion dollars cash reserve current central Iraqi
Governor of the Central Bank of Iraq on the links
 
 24 December 2017 04:58 PM
Mubasher : The governor of the Central Bank of Iraq, the cash reserve for Iraq is currently 48 billion US dollars (equivalent to 57.5 trillion Iraqi dinars).

Ali al-Alaq said in an interview with the newspaper "Arab African" Iraqi, that the Iraqi Central bought treasury bills worth 16 trillion dinars during 2015 and 2016, to provide liquidity to control the economic and financial performance in Iraq.

The bank, in cooperation with the Ministry of Finance and in direct coordination with the Prime Minister, has managed to reduce government spending and increase some domestic revenues, which contributed to reducing the deficit gap.

The Governor of the Central Iraqi, that in the past two years, the dollar revenues from Iraqi oil exports decreased by about 50%.

Al-Alak added, "This has put great pressure on monetary policy, with government spending not falling by the same percentage, which has put pressure on foreign currency to cover this difference."

He pointed out that the accumulated reserves of the bank for previous years, was able to absorb that shock, in addition to controlling the balance between the exchange rate and reserves and inflation, noting that the reserves of the bank began to rise gradually.

Iraq is mainly dependent on the management of its foreign currency resources on its oil exports.

It is worth mentioning that the dialogue of relations with the Iraqi newspaper , also discussed the talk of floating the Iraqi dinar, the procedures of the Iraqi Central to achieve financial and economic stability in the country, and Baghdad's efforts to achieve the concept of "financial inclusion" and its applications.

LINK

 

The dollar falls against the dinar on the Iraqi bourse

The dollar falls against the dinar on the Iraqi bourse

34 mins ago

 
The exchange rate of the dollar on Tuesday, a decrease against the dinar, in foreign currency market transactions in Iraq.

The price of selling the dollar in the Kifah Exchange in Baghdad today 124 thousand and 800 dinars and the purchase price 124 thousand and 700 dinars compared to $ 100, while yesterday scored 125 thousand and 200 dinars and the purchase price 125 thousand and 150 dinars compared to $ 100.

The price of the sale of the dollar on the Arbil Stock Exchange today 125 thousand and 300 dinars, the purchase price 125 thousand and 250 dinars compared to $ 100, while yesterday scored 125 thousand and 600 dinars, and the purchase price 125 thousand and 550 dinars to 100 dollars.

The sale price on the Basra Stock Exchange was 125 thousand and 100 dinars, and the purchase price 125 thousand and 50 dinars compared to 100 dollars, while yesterday recorded 125 thousand and 300 dinars, and the purchase price 125 thousand and 250 dinars to 100 dollars.

LINK

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33 minutes ago, Officiallytook said:

Would you guys classify this as Education to the people???

 

Perhaps so . . . on another note: If the population hasn't figured it all out by now after nearly 15 years, well, they might as well go back to bartering with Goats and whatever else they have on hand.

The Iraqi population at large is much more savvy than the mob of No Show, Inbred Mutant Screw Head, Hapless Sand Bagging Grafter Oxygen Thieves that occupy the Parliament building.

 

As with all governments, their cynical viewpoint towards the entire population is " stupid and clueless " -

 

Granted, there will always be a certain segment of any countries' population that is " dummer than a bag of burnt hair " - - - Things are what they are.

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It all sounds positive news and we have heard and believed such positive news many times over and spirits have been deflated by this knock or that setback and this time I feel it to be no different. There are many the world over  besides us here believethat  Iraq needs to have a viable international currency and that the people of Iraq need to have the dignity of proper goods and services and the ability to pay for those things in their own valued and viable currency, and they now have definite resources to back that currency but still the GOI and CBI and the IMF hold off..

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  • yota691 changed the title to Float currency

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