VIPER51 Maliki & DINAR

[viper51]

In a news conference yesterday Maliki was asked about the revaluation of the dinar. Maliki said the process to revalue the dinar has to do with the economic condition of Iraq which has to be strengthened. Maliki said the dinar has every reason to grow stronger thanks to the increase in revenues and developement of the economy. Maliki said the GOI will not rush the RV of the dinar as to guarantee the measure a success. The CBI has been intrusted to draw up the plans for the coming RV of the Iraqi dinar and will present its finding soon. IMO the CBI has already done this and is ready to RV when given the go ahead. It gets better all the time. More later.

[fatbob]

Thanks Viper.

[ReturnToGod]

In a news conference yesterday Maliki was asked about the revaluation of the dinar. Maliki said the process to revalue the dinar has to do with the economic condition of Iraq which has to be strengthened. Maliki said the dinar has every reason to grow stronger thanks to the increase in revenues and developement of the economy. Maliki said the GOI will not rush the RV of the dinar as to guarantee the measure a success. The CBI has been intrusted to draw up the plans for the coming RV of the Iraqi dinar and will present its finding soon. IMO the CBI has already done this and is ready to RV when given the go ahead. It gets better all the time. More later.

Viper, thanks; this sounds good. I just hope that the RV route via the CBI is much shorter than the road to Iraqi leadership has been.

[Desert Medic]

thanks viper.. this could be very good.. but then again.. its Iraq.. my fingers are crossed!

[lost one]

In a news conference yesterday Maliki was asked about the revaluation of the dinar. Maliki said the process to revalue the dinar has to do with the economic condition of Iraq which has to be strengthened. Maliki said the dinar has every reason to grow stronger thanks to the increase in revenues and developement of the economy. Maliki said the GOI will not rush the RV of the dinar as to guarantee the measure a success. The CBI has been intrusted to draw up the plans for the coming RV of the Iraqi dinar and will present its finding soon. IMO the CBI has already done this and is ready to RV when given the go ahead. It gets better all the time. More later.

So are you saying that Maliki is the PM?...And he can make these decisions....Did the Kurds make their decision?

[ha ha]

Thanks Viper. That is what Maliki always say. That is not the first time he spoke just like that in the past.Thats a repeated quotation of Maliki.

[neuman]

Once again viper yo are on top of the situation! Appreciate all you do!

[Maynard57]

In a news conference yesterday Maliki was asked about the revaluation of the dinar. Maliki said the process to revalue the dinar has to do with the economic condition of Iraq which has to be strengthened. Maliki said the dinar has every reason to grow stronger thanks to the increase in revenues and developement of the economy. Maliki said the GOI will not rush the RV of the dinar as to guarantee the measure a success. The CBI has been intrusted to draw up the plans for the coming RV of the Iraqi dinar and will present its finding soon. IMO the CBI has already done this and is ready to RV when given the go ahead. It gets better all the time. More later.

Hey, Viper. Think you could get us a link to this? I wanna send it to my Dad.

Maynard

[oma]

What is the most commonly used word in Iraq? SOON

Viper - Thanks for keeping us abreast of the goings on in Iraq. Hope to hear from you again SOON.

[robo5288]

Thanx Viper; ya gotta love it when a plan comes together.

[jcav]

Don't forget that Maliki is going to say what you/we want to hear. He is a snake in the grass politician.

[Miles]

In a news conference yesterday Maliki was asked about the revaluation of the dinar. Maliki said the process to revalue the dinar has to do with the economic condition of Iraq which has to be strengthened. Maliki said the dinar has every reason to grow stronger thanks to the increase in revenues and developement of the economy. Maliki said the GOI will not rush the RV of the dinar as to guarantee the measure a success. The CBI has been intrusted to draw up the plans for the coming RV of the Iraqi dinar and will present its finding soon. IMO the CBI has already done this and is ready to RV when given the go ahead. It gets better all the time. More later.

I believe the above is a repost from March 1, 2010. Therefore, hopefully they have had plenty of time to study it.

Categorized | Banking & Finance

PM on Iraqi Dinar Re-evaluation

Posted on 01 March 2010. Tags: Banking & Finance

Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened.

“The Iraqi dinar has every reason to grow stronger thanks to an increase in revenues and development of the economy,” Maliki said in response to questions through the National Information Center.

“The government would not rush matters but would rather work on finding guarantees to render this measure a success. The Central Bank of Iraq (CBI) is currently entrusted with drawing up a study on the whole issue and would give its decision soon,” said the Iraqi premier.

The Iraqi dinar’s exchange rate is suffering from low value against foreign currencies as a result of decades of wars and economic embargo that brought the local currency’s exchange rate to the rock bottom from three dinars per dollar in the late 1970s and 1980s to 3,000 dinars per dollar after the 1990 invasion of Kuwait, followed by a 13-year crippling sanctions regime.

The exchange rate fell even more after 2003 to reach 1170 dinars per dollar due to the CBI’s policy of daily auction, in effect for more than five years now.

The policy was lambasted by several economists on the grounds that these auctions do not give the real value of the country’s local currency.

(Aswat Al Iraq)

[wmawhite]

I believe the above is a repost from March 1, 2010. Therefore, hopefully they have had plenty of time to study it.

Categorized | Banking & Finance

PM on Iraqi Dinar Re-evaluation

Posted on 01 March 2010. Tags: Banking & Finance

Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened.

“The Iraqi dinar has every reason to grow stronger thanks to an increase in revenues and development of the economy,” Maliki said in response to questions through the National Information Center.

“The government would not rush matters but would rather work on finding guarantees to render this measure a success. The Central Bank of Iraq (CBI) is currently entrusted with drawing up a study on the whole issue and would give its decision soon,” said the Iraqi premier.

The Iraqi dinar’s exchange rate is suffering from low value against foreign currencies as a result of decades of wars and economic embargo that brought the local currency’s exchange rate to the rock bottom from three dinars per dollar in the late 1970s and 1980s to 3,000 dinars per dollar after the 1990 invasion of Kuwait, followed by a 13-year crippling sanctions regime.

The exchange rate fell even more after 2003 to reach 1170 dinars per dollar due to the CBI’s policy of daily auction, in effect for more than five years now.

The policy was lambasted by several economists on the grounds that these auctions do not give the real value of the country’s local currency.

(Aswat Al Iraq)

Good catch!!!

[lechesuerte]

Thanks Viper! Great job keeping us updated! GO RV in 2010!!!

[BIRDDOG]

Don't forget that Maliki is going to say what you/we want to hear. He is a snake in the grass politician.

I agree, its hard to know what to believe about him after the article that pointed out how much of the media he owns or controls, then his visit to Cairo preceding Egypt saying he should be strung up for crimes.

Edited October 27, 2010 by BIRDDOG

[A. Zuccaro]

Great news! Thanks for all that your doing to keep us informed Viper! Ann

[neuman]

Good catch miles! Appreciate the post! See newbies have just as much to contribute as anyone else, some just need to do a little more homework than others.

[hspotman]

Good catch miles! Appreciate the post! See newbies have just as much to contribute as anyone else, some just need to do a little more homework than others.

Lol, I bet he's not a newbie, only the name he uses .

[MovieMaker]

Thanks all mighty vipey!

[chanele22]

Maliki said the GOI will not rush the RV of the dinar as to guarantee the measure a success.

This is the only statement that makes me nervous about even more of a delay. Sounds to me like they aren't in any rush to make this happen. Gawd I hope I'm wrong.

[viper51]

I believe the above is a repost from March 1, 2010. Therefore, hopefully they have had plenty of time to study it.

Categorized | Banking & Finance

PM on Iraqi Dinar Re-evaluation

Posted on 01 March 2010. Tags: Banking & Finance

Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened.

“The Iraqi dinar has every reason to grow stronger thanks to an increase in revenues and development of the economy,” Maliki said in response to questions through the National Information Center.

“The government would not rush matters but would rather work on finding guarantees to render this measure a success. The Central Bank of Iraq (CBI) is currently entrusted with drawing up a study on the whole issue and would give its decision soon,” said the Iraqi premier.

The Iraqi dinar’s exchange rate is suffering from low value against foreign currencies as a result of decades of wars and economic embargo that brought the local currency’s exchange rate to the rock bottom from three dinars per dollar in the late 1970s and 1980s to 3,000 dinars per dollar after the 1990 invasion of Kuwait, followed by a 13-year crippling sanctions regime.

The exchange rate fell even more after 2003 to reach 1170 dinars per dollar due to the CBI’s policy of daily auction, in effect for more than five years now.

The policy was lambasted by several economists on the grounds that these auctions do not give the real value of the country’s local currency.

(Aswat Al Iraq)

Its my understanding this was again his comment in a news interview yesterday 10-26-10. I was aware of the earlier release but thought this being brought up again was good news.

[Miles]

Good catch miles! Appreciate the post! See newbies have just as much to contribute as anyone else, some just need to do a little more homework than others.

Thank you.

[wmawhite]

Its my understanding this was again his comment in a news interview yesterday 10-26-10. I was aware of the earlier release but thought this being brought up again was good news.

It is good news for us..............

Thanks for your efforts!!!

[wouldchip]

I believe the above is a repost from March 1, 2010. Therefore, hopefully they have had plenty of time to study it.

Categorized | Banking & Finance

PM on Iraqi Dinar Re-evaluation

Posted on 01 March 2010. Tags: Banking & Finance

Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened.

“The Iraqi dinar has every reason to grow stronger thanks to an increase in revenues and development of the economy,” Maliki said in response to questions through the National Information Center.

“The government would not rush matters but would rather work on finding guarantees to render this measure a success. The Central Bank of Iraq (CBI) is currently entrusted with drawing up a study on the whole issue and would give its decision soon,” said the Iraqi premier.

The Iraqi dinar’s exchange rate is suffering from low value against foreign currencies as a result of decades of wars and economic embargo that brought the local currency’s exchange rate to the rock bottom from three dinars per dollar in the late 1970s and 1980s to 3,000 dinars per dollar after the 1990 invasion of Kuwait, followed by a 13-year crippling sanctions regime.

The exchange rate fell even more after 2003 to reach 1170 dinars per dollar due to the CBI’s policy of daily auction, in effect for more than five years now.

The policy was lambasted by several economists on the grounds that these auctions do not give the real value of the country’s local currency.

(Aswat Al Iraq)

You ROCK!! thanks for pointing that out!

[RICK C]

so the waiting game continues , maybe they'll get it into 2nd gear soon , I hope.