yota691 Posted September 29, 2020 Report Share Posted September 29, 2020 09-29-2020 01:40 PM Abtan suggests that the Central Bank will resort to reducing the exchange rate of the dinar against the dollar Baghdad / Al-Akhbariya The former Minister of Youth and Sports, Abdul Hussein Abtan, suggested that the Central Bank would resort to reducing the price of the Iraqi dinar against the US dollar. Abtan said in a tweet on "Twitter", "I expect, unfortunately, forcing the Central Bank of Iraq, sooner or later, to reduce the exchange rate of the Iraqi dinar against the dollar." He explained that "the citizen will be the first victim." 2 5 Quote Link to comment Share on other sites More sharing options...
yota691 Posted September 29, 2020 Author Report Share Posted September 29, 2020 Abtan: The Central Bank will forcibly reduce the exchange rate of the dinar against the dollar Economie 2020-09-29 | 07:59 663 Views A former advisor to the prime minister, Abdul Hussein Abtan, suggested that the Central Bank would resort to reducing the price of the Iraqi dinar against the US dollar. Abtan said in a tweet on "Twitter", "I expect, unfortunately, forcing the Central Bank of Iraq, sooner or later, to reduce the exchange rate of the Iraqi dinar against the dollar." He explained that "the citizen will be the first victim." Unfortunately, I expect that the Iraqi Central Bank will, sooner or later, forcibly lower the exchange rate of the Iraqi dinar against the dollar, and the affected citizen will be the first.# Dinar_w _ Dollar pic.twitter.com/A5pBoYmCAp - Abdul-Hussein Abtan (@ abdulhssein11) September 29, 2020 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted September 29, 2020 Author Report Share Posted September 29, 2020 Abtan is forcing the central bank to reduce the exchange rate of the dinar against the dollar 14 minutes ago 398 A former advisor to the prime minister, Abdul Hussein Abtan, suggested today, Tuesday, that the Central Bank would resort to forcing a reduction in the price of the Iraqi dinar against the US dollar. "I expect, unfortunately, forcing the Central Bank of Iraq, sooner or later, to reduce the exchange rate of the Iraqi dinar against the dollar," Abtan said in a tweet on Twitter. He stressed, "The citizen will be the first victim." 4 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted September 29, 2020 Report Share Posted September 29, 2020 2 minutes ago, yota691 said: Abtan is forcing the central bank to reduce the exchange rate of the dinar against the dollar 14 minutes ago 398 A former advisor to the prime minister, Abdul Hussein Abtan, suggested today, Tuesday, that the Central Bank would resort to forcing a reduction in the price of the Iraqi dinar against the US dollar. "I expect, unfortunately, forcing the Central Bank of Iraq, sooner or later, to reduce the exchange rate of the Iraqi dinar against the dollar," Abtan said in a tweet on Twitter. He stressed, "The citizen will be the first victim." 🤞 Quote Link to comment Share on other sites More sharing options...
SONIA1 Posted September 29, 2020 Report Share Posted September 29, 2020 25 minutes ago, Jaygo said: 🤞 He is talking devalue here 2 Quote Link to comment Share on other sites More sharing options...
colts469 Posted September 29, 2020 Report Share Posted September 29, 2020 (edited) Misinformation campaign? Propaganda perhaps. Edited September 29, 2020 by colts469 7 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted September 29, 2020 Report Share Posted September 29, 2020 42 minutes ago, SONIA1 said: He is talking devalue here I did the 🤞because we want as much talk about exchange rate as we can get. The big players know what is going to go down. They can talk devalue all day, but they know what has to happen. 3 6 Quote Link to comment Share on other sites More sharing options...
southbeach Posted September 29, 2020 Report Share Posted September 29, 2020 (edited) That’s a fact JAYGO Edited September 29, 2020 by southbeach 1 3 Quote Link to comment Share on other sites More sharing options...
wciappetta Posted September 29, 2020 Report Share Posted September 29, 2020 51 minutes ago, SONIA1 said: He is talking devalue here Doesn't matter what he says, he is not a decision maker.... 4 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted September 29, 2020 Report Share Posted September 29, 2020 33 minutes ago, wciappetta said: Doesn't matter what he says, he is not a decision maker.... Word! 1 Quote Link to comment Share on other sites More sharing options...
kwg Posted September 29, 2020 Report Share Posted September 29, 2020 Smoke screen going to do the opposite IMHO 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted September 29, 2020 Report Share Posted September 29, 2020 This is either another smoke and mirrors again or a problem with translation. 2 Quote Link to comment Share on other sites More sharing options...
KDuesing Posted September 29, 2020 Report Share Posted September 29, 2020 You don't expect them to come right out and say they are going to revalue the Dinar against the dollar do you? 🤣 1 2 Quote Link to comment Share on other sites More sharing options...
new york kevin Posted September 29, 2020 Report Share Posted September 29, 2020 1 minute ago, KDuesing said: You don't expect them to come right out and say they are going to revalue the Dinar against the dollar do you? 🤣 Well, eventually ... yes . 4 1 Quote Link to comment Share on other sites More sharing options...
JonnyV Posted September 29, 2020 Report Share Posted September 29, 2020 These people do nothing but lie. Lies, lies, lies. It's their culture. It seems acceptable practice to lie without any consequences. What a great way to live. 😕 1 Quote Link to comment Share on other sites More sharing options...
olivesman Posted September 29, 2020 Report Share Posted September 29, 2020 Smoke or lost in translation... 1 1 Quote Link to comment Share on other sites More sharing options...
Spartakus Posted September 29, 2020 Report Share Posted September 29, 2020 Even Allak didn't want to devalue the dinar. This action might be good short term for the government but detrimental to most of the citizens of Iraq. Quote Link to comment Share on other sites More sharing options...
gregp Posted September 29, 2020 Report Share Posted September 29, 2020 Wait for it.... 1 3 Quote Link to comment Share on other sites More sharing options...
southbeach Posted September 29, 2020 Report Share Posted September 29, 2020 49 minutes ago, gregp said: Wait for it.... Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted September 29, 2020 Report Share Posted September 29, 2020 3 minutes ago, southbeach said: Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted September 29, 2020 Report Share Posted September 29, 2020 6 hours ago, yota691 said: The former Minister of Youth and Sports, Abdul Hussein Abtan, Probably not the country’s leading authority on economics... 1 1 Quote Link to comment Share on other sites More sharing options...
KristiD Posted September 29, 2020 Report Share Posted September 29, 2020 I just want to point out that first of all, this is just one guy's opinion. Pretty much everyone in Iraq knows they are in trouble with the market/street value of IQD decreasing compared to the USD. In other words, the street rate of the IQD is less than its stated/pegged rate (that is published by the CB). This one guy thinks that the way to fix that is to adjust the the actual rate (stated/pegged rate set by the CBI) to make it match the market/street rate. Again this is only this one guy's opinion. Second of all, and most importantly, this guy is only a former Minister of Youth and Sports!!!! He's not even in the government anymore - and he was not even involved finance! IMO, his opinion isn't worth squat! 6 hours ago, yota691 said: The former Minister of Youth and Sports, Abdul Hussein Abtan, suggested that the Central Bank would resort to reducing the price of the Iraqi dinar against the US dollar. There will always be a huge number of articles that come out. But first I look and see if it is from a person who has authority to speak on the subject (this guy does not), and then I to look and see if it's just that guy's single opinion. I only pay attention to someone who is actually involved with making changes to the rate of the IQD - whether directly or even tangentially. If he/she is, then I'll read the article. But if he/she's just giving their opinon on what they thinks needs to be done, I pretty much dismiss it. I only pay attention to articles that first, come from a credible source (who's involved with or connected to the rate change) about action that is actually going to be taken, whether that be a vote, a meeting, or whatever. One guy's opinion is worthless to me unless that person has some kind of input/impact on the rate change. jmho 1 1 1 Quote Link to comment Share on other sites More sharing options...
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