DWS112 Posted November 26, 2020 Report Share Posted November 26, 2020 Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate 11/25/2020 Former Parliament Speaker Iyad al-Samarrai called for the restructuring of the central bank in line with the structures of international central banks, with the unification of the exchange rate in all banks. "The exchange rate is very important, and any major change in the exchange rate and the float will be a disaster for the economy and its consequences will be complex and the economy will not recover for decades, an example of this is what happened in Jordan, Egypt and many other countries," al-Samarrai said in an article. He pointed out that "gradual change is very important if it is necessary, as the local currency and its stability are among the most important tributaries of the economy's strength." He stressed that "it is necessary first to reform the central bank in line with the structures of global central banks and have a committee of experts who do not interfere in executive matters only and specialize in setting and monitoring policies, and it is not subject to the government and does not interfere in its policies." He also stressed that "the exchange rate must be the same in the banks, as for the black market and the cancellation of exchange companies specialized in taking hard currency from the central bank and selling it in the market and the resulting great corruption." He called for the price to be the same in the bank and at the cashier, "taking into account the sale and purchase commission, canceling the auction of currency sale and making it available to all banks and exchange companies and for legitimate dealings of import and export and the needs of citizens, and it is not a reason for smuggling money, especially the money of corrupt deals." 3 6 4 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted November 26, 2020 Author Report Share Posted November 26, 2020 15 minutes ago, DWS112 said: any major change in the exchange rate and the float will be a disaster for the economy Sorry...I meant to highlight this important statement! the float 2 3 3 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted November 26, 2020 Report Share Posted November 26, 2020 Sounds promising to me 😆 1 4 Quote Link to comment Share on other sites More sharing options...
Engine1 Posted November 26, 2020 Report Share Posted November 26, 2020 The exchange rate is very important, and any major change in the exchange rate and the float will be a disaster for the economy and its consequences will be complex and the economy will not recover for decades. this doesn't sound good to me, when they say " any major change in the exchange rate and the float will be a disaster " ya not good at all. Quote Link to comment Share on other sites More sharing options...
Floridian Posted November 26, 2020 Report Share Posted November 26, 2020 (edited) Oh no! Don't tell me Kaperoni was right about the float. I hope this doesn't mean it's going to float up from the present rate. I don't like "gradual change". That would take forever. We've waited long enough. "He pointed out that "gradual change is very important if it is necessary, as the local currency and its stability are among the most important tributaries of the economy's strength." Edited November 26, 2020 by Floridian 2 Quote Link to comment Share on other sites More sharing options...
whatsfordinar? Posted November 26, 2020 Report Share Posted November 26, 2020 Maybe this is the smoke we have been waiting for......don't look at the man over there behind the curtain, look over here.... 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted November 26, 2020 Report Share Posted November 26, 2020 don't pay too much attention to what they wrote because this can be a distraction and smoke screens to keep the dinar investors away from buying more and more dinars. just pay more attention to what they do. it is very very impossible for the goi and cbi to announce the rv to the public openly ahead of time because the dinar investors buy more and more dinar. the goi and cbi will announce the rv secretly suddenly and surprisingly and booms rv comes surprisingly on month....day.....year........ 1 1 1 Quote Link to comment Share on other sites More sharing options...
GreedyDinar07 Posted November 26, 2020 Report Share Posted November 26, 2020 Well at least they are talking about the exchange rate. I will be surprised if they stop the auctions. The dinars are getting a little more difficult to buy so therefore they are more attractive. If the currency auctions stop then they will have to do something eventually. 2 Quote Link to comment Share on other sites More sharing options...
Spartakus Posted November 26, 2020 Report Share Posted November 26, 2020 Have never seen so many articles calling out to cancel the currency auctions. 1 1 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted November 26, 2020 Report Share Posted November 26, 2020 6 hours ago, rvmydinar said: don't pay too much attention to what they wrote because this can be a distraction and smoke screens to keep the dinar investors away from buying more and more dinars. just pay more attention to what they do. it is very very impossible for the goi and cbi to announce the rv to the public openly ahead of time because the dinar investors buy more and more dinar. the goi and cbi will announce the rv secretly suddenly and surprisingly and booms rv comes surprisingly on month....day.....year........ Yep ignore or sell 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted November 26, 2020 Report Share Posted November 26, 2020 2 hours ago, Spartakus said: Have never seen so many articles calling out to cancel the currency auctions. Indicator if you ask me Quote Link to comment Share on other sites More sharing options...
Theseus Posted November 26, 2020 Report Share Posted November 26, 2020 (edited) As long as Iraq practices MCP, they will not be allowed to enter Art. 8. The daily auction has to go! A little more difficult to buy IQD? Try almost non-existant. SafeDinar - in transit for months. XchangeofAmerica - will sell you circulated IQD in a mystery bag of denominations, EBay has whittled down to selling 25K notes singularly. You want to buy buy IQD, you are better off buying a trip to the North Pole to visit Santa Claus (say Hi to Rudolf for us!). Edited November 26, 2020 by Theseus 3 3 Quote Link to comment Share on other sites More sharing options...
shixjr Posted November 26, 2020 Report Share Posted November 26, 2020 In the world of supply and demand, when an "thing" becomes scarce but still wanted and searched for, doesn't that make the value go up? If the dinar keeps getting harder and harder to get, shouldn't that make it's value increase? The fact that it is hard to get is a good sign, right? 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted November 26, 2020 Report Share Posted November 26, 2020 27 minutes ago, shixjr said: In the world of supply and demand, when an "thing" becomes scarce but still wanted and searched for, doesn't that make the value go up? If the dinar keeps getting harder and harder to get, shouldn't that make it's value increase? The fact that it is hard to get is a good sign, right? Yep. You are absolutely right. No question about it. But sometimes ebay is like a pamper because the price is double the profit eventhough the rate is still 1190 in the cbi official exchange rate. Quote Link to comment Share on other sites More sharing options...
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