6ly410 Posted May 9, 2019 Report Share Posted May 9, 2019 Adnan Yousef: Some countries have to fix the exchange rate of their currencies for 10 years Chief Executive Officer of Albaraka Banking Group, Adnan Yousef. "Internet" Economy News Baghdad The Chairman of Albaraka Banking Group, Adnan Yousef, said that the Arab and Islamic markets have changed, and fluctuations in the exchange rates of their currencies scare businessmen. Youssef said in an interview with CNBC Arabiya, "Economic News", that fluctuations in foreign exchange rates in the Arab and Islamic markets " ate the capital of foreign investors." "Some countries have either fixed the exchange rate of their currencies to the foreign investor for 10 years, or stopped imposing the diversion of foreign investments to their local currencies," Youssef said. Views 117 Date Added 09/05/2019 http://economy-news.net/content.php?id=16578 2 3 1 10 Quote Link to comment Share on other sites More sharing options...
dinarin Posted May 10, 2019 Report Share Posted May 10, 2019 Ok iraqi economists ..follow this guy and make a change on the dinar : 1 = 1 usd 2 2 5 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted May 10, 2019 Report Share Posted May 10, 2019 11 hours ago, dinarin said: Ok iraqi economists ..follow this guy and make a change on the dinar : 1 = 1 usd I like it ! And don't sweat the .05 cents up and down swing in Flux rates ... 4 3 Quote Link to comment Share on other sites More sharing options...
normala rashid Posted May 10, 2019 Report Share Posted May 10, 2019 Good news 2 2 Quote Link to comment Share on other sites More sharing options...
Chabo1 Posted May 10, 2019 Report Share Posted May 10, 2019 Hasn't the official exchange rate stayed fixed already? 1190 seems like for as long as I have Been in this 71/2 years Quote Link to comment Share on other sites More sharing options...
jeepguy Posted May 10, 2019 Report Share Posted May 10, 2019 10 minutes ago, Chabo1 said: Hasn't the official exchange rate stayed fixed already? 1190 seems like for as long as I have Been in this 71/2 years It has crazy swings " 1800 to 1900 " even dropped to 1600 once , just movement against basket of currency... Quote Link to comment Share on other sites More sharing options...
jeepguy Posted May 10, 2019 Report Share Posted May 10, 2019 What I find goofy , they keep spending cash " dinars " and not getting a great return , but if the dinar value was 1 to 1 , what a return of value they could obtain ! 1 Quote Link to comment Share on other sites More sharing options...
jake21 Posted May 10, 2019 Report Share Posted May 10, 2019 C'mon people! We can see these articles over and over again, and still see no raise. Until they get rid of the auctions nothing will ever happen PERIOD!!! 1 7 2 Quote Link to comment Share on other sites More sharing options...
jcfrag Posted May 10, 2019 Report Share Posted May 10, 2019 I don’t see the auctions going away anytime soon. As long as Iran is getting USD from the auctions, the hemorrhaging will continue.... and we wait.... 😡 4 Quote Link to comment Share on other sites More sharing options...
jake21 Posted May 10, 2019 Report Share Posted May 10, 2019 100% agree jc 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted May 10, 2019 Report Share Posted May 10, 2019 Iraq is on a transition from a closed economy to an open market economy. For now they cannot change exchange rate till IMF Art.8 compliance and the government is fully seated. 2 4 Quote Link to comment Share on other sites More sharing options...
jake21 Posted May 10, 2019 Report Share Posted May 10, 2019 Good luck with that 1 1 2 Quote Link to comment Share on other sites More sharing options...
GreedyDinar07 Posted May 10, 2019 Report Share Posted May 10, 2019 So sad, and the GOI is responsible because if their economy was performing and the people were working and enjoying their wealth, violence would be less likely. 1 1 Quote Link to comment Share on other sites More sharing options...
jg1 Posted May 10, 2019 Report Share Posted May 10, 2019 27 minutes ago, Laid Back said: Iraq is on a transition from a closed economy to an open market economy. For now they cannot change exchange rate till IMF Art.8 compliance and the government is fully seated. Thanks laid back, when I see your name im sure to check out what you've said. 1 1 Quote Link to comment Share on other sites More sharing options...
Starrider Posted May 10, 2019 Report Share Posted May 10, 2019 They need to Shlt or get off the pot because there's other @sshoe's waiting LOL Starr 3 2 Quote Link to comment Share on other sites More sharing options...
Desertmedic2009 Posted May 10, 2019 Report Share Posted May 10, 2019 8 minutes ago, Starrider said: They need to Shlt or get off the pot because there's other @sshoe's waiting LOL Starr What you call me?!?! Jk. Morning star! 3 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted May 10, 2019 Report Share Posted May 10, 2019 3 hours ago, jg1 said: Thanks laid back, when I see your name im sure to check out what you've said. Thank you for your input my friend jg1, Iraq is moving in the right direction. A lot has been accomplished, but still some work to do. Go RV sooner than later Go $1:1 1 1 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 10, 2019 Report Share Posted May 10, 2019 2 minutes ago, Laid Back said: Thank you for your input my friend jg1, Iraq is moving in the right direction. A lot has been accomplished, but still some work to do. Go RV sooner than later Go $1:1 LB, i thought that ART VIII was sometime this summer. Just not sure when but i was thinking July or Aug time frame. Do you remember off hand? 1 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted May 10, 2019 Report Share Posted May 10, 2019 1 minute ago, ChuckFinley said: LB, i thought that ART VIII was sometime this summer. Just not sure when but i was thinking July or Aug time frame. Do you remember off hand? My friend ChuckF, Few days a posted this: The team will prepare a report that, subject to management approval, is tentatively scheduled to be considered by the IMF’s Executive Board in July 2019. Go Art 8 compliance Go new monetary policy Go RV Go $1:1 1 3 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 10, 2019 Report Share Posted May 10, 2019 Thanks man, I knew it was close. Well, I feel good about that one. Let's see how the seat Gov thing goes. This has to be the longest running show "How to get a fully Seated Gov" goes. 2 2 2 Quote Link to comment Share on other sites More sharing options...
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