Baker Jaber AL Zubaidi: Iraqi Dinar Value should be Raised

[parlous]

LINK: http://www.iraqdirectory.com/DisplayNews.aspx?id=1593

ARTICLE:

Baker Jaber AL Zubaidi: Iraqi Dinar Value should be Raised

Al-Sabah - [6/29/2006]

The Ministry of Finance together with the Central Bank are studying a proposal to raise the value of the Iraqi dinar in order to return it to previous levels where one Iraqi dinar was valued at 3.33 US dollars. This was pre 1980 before Iraq became involved in three destructive wars that at one time led to the currency's value dropping to a level of 3,000 Iraqi dinars to one US dollar. The proposal has the support and approval of the World Bank.

A statement by B.J. AL Zubaidi, the Minister of Finance, in which he said that he had suggested to the Chairman of the Central Bank, Dr. Sinan AL Shibibi, that three zeros be taken from the Iraqi Dinar in order to raise its value so that one Dinar be equal to a Dollar. He explained that the financial authorities were set on holding a meeting next month to discuss the matter. The meeting is to be attended by experts and specialists from the Ministry of Finance, the Iraqi Central Bank and the Commercial Bank .

The new Minister confirmed that 2007 would see the preparation of a qualitative budget, the first of its kind in Iraq history, and that the new program would pinpoint economic indicators.

ME: Alright, DO IT!!!! GO RV!!!!!

[Desert Medic]

old news but good news.. thanks for the post.

[is it Monday yet]

am I the only who noticed the date on this articule is from Baker Jaber AL Zubaidi: Iraqi Dinar Value should be Raised

Al-Sabah - [6/29/2006]

hmmmmm

Goooo Rvvvvvv

[jopy]

2006 Old article...just goes to show you how everything looks promising for an RV...even back then...proposals just come and go.

....somethings gotta give...the tipping point has arrived.

[parlous]

Crud - I didn't even notice the date - oh well, we'll see... GO RV!!!

[mrref]

WHY ARE YOU POSTING NEWS THATS ALL MOST 4 YEARS OLD :angry:

Edited November 30, 2010 by k98nights

[bobby_cahill]

Personally i think it was posted because people are always asking "show me where they (iraq) want to revalue the IQD"

So there ya go. Nuff said

Thanks for the reminder

Semper Fi

[wmawhite]

.............GREAT...............I guess that they are still waiting on having their meeting in 2007????

Read the article before posting!!!!

[tim5400]

well......it looks like they are almost 4 years behind schedule for the RV ......which should put us REALLY CLOSE

[kamm]

Lets just hope that if 4 years ago they were in the 3 dollar range they will be there now. Steve