G-Lin - Article Quote “They Do Not Want To Float The Currency” !

[DinarThug]

CNN. Broadcasting At 160 Percent To Try And Match The Iraqi Reserves !

 

 

1-20-2018   Newshound Guru G-Lin   Article: 

"Central Bank reserve adequacy ratio financial Iraq reached 160 percent."  

Quote: "The governor of the Central Bank of Iraq Ali Alalak revealed, on Tuesday (December 26, 2017),

that the bank reserves of foreign currency of 48 billion dollars,

noting that Iraq will not resort to floating the currency."  

Looks like IMF is happy and once again they do not want to float the currency. 

That's o.k. by me.

[new york kevin]

How about a managed float ? That would not be a straight float. Perhaps a RI or an RV at $1.14 per IQD ? How about that almighty DT ?

[DinarThug]

Here’s The Article ...

 

 

 

LINK

Alaq announces the opening of a new branch of the central bank in Najaf

 

20th January, 2018  
Iraq's central bank governor Ali al-Alak announced on Saturday, January 20, 2018, the imminent opening of a new branch of the central bank in the province of Najaf, while the new branch will provide services to the Middle Euphrates region. 

"We will open a new branch of the central bank soon in Najaf to provide services to the Euphrates," he said at a press conference held at the Rafidain Center for Dialogue in Najaf. 

"The relationship with the International Monetary Fund is a partnership relationship, and they have no conditions other than the development of the banking sector," adding that "the adequacy of foreign exchange reserves within international standards is 160%, which is a good indicator."

The governor of the Central Bank of Iraq Ali Alalak revealed, Tuesday, December 26, 2017, that the bank reserves of foreign currency of 48 billion dollars, pointing out that Iraq will not resort to floating the currency.

 

 

LINK

Central Bank: Iraq's financial reserves reached 160%

20th January, 2018

The governor of the Central Bank of Iraq Ali Alaq, Saturday, that the adequacy of the Iraqi reserve financial reached 160% according to the standards set by the International Monetary Fund, indicating that "the criteria and conditions set by the Fund in dealing with Iraq was an agreement between the parties and not dictates From one party to another. " 

 "The joint financial reform program with the IMF aims to improve financial management and fiscal discipline by controlling expenditures and increasing revenues, and we are keen to implement reforms in all our institutions and ministries," Al-Aalak told a news conference in Najaf. 

"We are working on the development of certain objectives and programs in agreement with the International Monetary Fund to improve the financial situation and prevent a financial crisis in the future." 

"There is a positive relationship between the improvement in oil prices and the financial situation of the country, and today this improvement was reflected directly on the revenues of the state." 

"However, this improvement does not mean a return to uncontrolled spending or financial actions that are not calculated far away, but that the increase will go to pay the result of Iraq's domestic debt, including towards investment projects." 

"We are keen and careful to monitor the level of reserve cash and with us the international organizations and the International Monetary Fund, so that the reserve does not fall below the required international standard or standard," he said. 

He added that "the Iraqi cash reserves did not fall and remained above the required rate and the reserve adequacy ratio in Iraq reached 160% according to international standards set by the International Monetary Fund, as reported by the latest bulletin of the Fund 

"The branch will serve as a branch of the Middle Euphrates region and will provide facilities and financial transactions that have been linked to the capital's center. The branch will also serve as a center for studies, training and rehabilitation of youth cadres from the province to prepare them for employment and work," he said

[DinarThug]

And Here’s The Pepperoni Pizza Boy To Try And Do Some Damage Control For For His Precious Float And His Last Two Remaining Float Cult Members ...

 

 

1-20-2018   Newshound Guru Kaperoni   Article: 

"Alaq announces the opening of a new branch of the central bank in Najaf "  

Quote: "The governor of the Central Bank of Iraq Ali Alalak revealed, on Tuesday (December 26, 2017), that the bank reserves of foreign currency of 48 billion dollars, pointing out that Iraq will not resort to floating the currency."  

Until they get in compliance with the IMF and reduce the spread to 2% or less, I would assume any such discussion is a "stable dinar". 

Eventually they will have to float to compensate for the pressure created by the influx of investment capital.

[NextYear]

At this point a float would be much better than being on the bottom of the ocean

[ScaryMary]

Turds float.

[DinarThug]

1-21-2018   Newshound Guru Kaperoni   Article: 

"Strengthen international confidence in Iraq's economic capabilities"  

IMO, there is no external confidence in Iraq's banking system until the CBI is in Article VIII and dinar transactions are accepted worldwide through the global banking system. 

They can talk about all they want,

but I don't think investors will come if they cannot get there profits out of Iraq. 

Iraq needs to understand this and begin currency reform.

[siberian_shaddow]

17 hours ago, ScaryMary said:

Turds float.

Some of us have sinkers right Thugs lol😀

[DinarThug]

1-21-2018   Newshound Guru Kaperoni   Article: 

"Officially .. the end of the "Daesh" militarily in Iraq"  

Quote: "Announced the Iraqi Interior Minister Qasim al-Araji, on Friday,

the end of the terrorist organization Daesh militarily in Iraq, after the liberation of the city of Rawah,

western Anbar province from the grip of the entire organization."  

This is big news. The Iraqi gov can now move forward with the economy.

[ranger173]

Mine make a clink when they hit bottom. Must have to much iron in my diet !

[WheresmyRV?]

Float or fixed, just please do something.  This has carried on far too long! 

[pokerplayer]

A Ruby Thug ? Pffffttt, got ya covered. I thought it was a good read myself.

 

pp

[pokerplayer]

10 minutes ago, WheresmyRV? said:

Float or fixed, just please do something.  This has carried on far too long! 

 

I am so with you on that one WMRV ! Too many years now for me as it is.

 

   pp

[Indraman]

Test

 

Indy

 

Wanted to see if I would get a red ruby like everyone else, for no apparent reason...LOL

[King Bean]

11 hours ago, Indraman said:

Wanted to see if I would get a red ruby like everyone else, for no apparent reason...LOL

 

I was tempted, just for laughs, but then I'd have one less ruby for Luigi. +1 for you instead. 

[new york kevin]

On 1/22/2018 at 8:02 PM, Indraman said:

Test

 

Indy

 

Wanted to see if I would get a red ruby like everyone else, for no apparent reason...LOL

I gave ya a ruby Indraman, BUT ONLY BECAUSE YOU ASKED TO GET ONE FOR NO APPARENT REASON.  likes you.