Shabibi Says Raise the Value of the Dinar

[PhillyDinar]

* The Governor of Central Bank: Shabibi Says Raise the Value of the Dinar

December 21st, 2010 02:57 pm · Posted in NEWS

December 19th, 2010

(Iraqi Media Network) Said Dr. Shabibi central bank governor that this year’s budget an investment budget because it focused on the size of the investment Ziada.

Shabibi said that the role of the central bank is to address the imbalance that would result from the development process that will result from changes in economic structure are basic.

He pointed out that the central bank is to achieve development in a stable monetary environment through attention to all means and policies to achieve economic stability and moderation in the environment and the normal rate of inflation moderate.

He continued: our budget relating to the conservation of its resources, is done by combating inflation. Stressing that the bank had several measures including raising the dinar exchange rate.

He pointed out that the impact of this action on the budget through the impact on the purchasing power of government, will increase by addressing inflation.

Shabibi said: that this policy will increase the confidence in dinars, which will pull some of the money to the banking sector and the rationalization of government spending because of its impact on inflation.

He indicated that this action will lead to a reduction in prices of import goods such as private sector imports and the import of the government’s development that comes from converting the Iraqi dinar to the dollar.

He added that this policy at the time weakens the government’s ability to buy the dinar, it strengthens Aldenarabraghi which is owned by the government. He pointed out that the bank wants and means to affect the economic and monetary policy by making the dinar valuable and powerful.

http://translate.google.com/translate?hl=en&sl=ar&u=http://www.imnsr.com/Economy.aspx&ei=ljgRTbWZNsSBlAeWiJi3DA&sa=X&oi=translate&ct=result&resnum=1&ved=0CBoQ7gEwAA&prev=/search%3Fq%3Dhttp://www.imnsr.com/Economy.aspx%26hl%3Den%26safe%3Doff%26sa%3DG%26prmd%3Divns

[detroitjazzman]

I believe him. I was doing some research and found him to be extremely educated in economics and its effects on market conditions. He has done his homework!

[Soldiering4U]

I am glad to hear it, this soldier wants sandy beaches and palm trees for Christmas LOL Go RV!!!!

[tampa1000]

Good reading and thanks but I was not able to find this in your link provided, am I wrong?

[MPG350]

Isn't this the same guy thats also talks about dropping zeros and changes his tune every other week about the dinar.

[NeverLookin'Back]

Isn't this the same guy thats also talks about dropping zeros and changes his tune every other week about the dinar.

Not Shabs...it's the Saleh character that throws out all the conflicting info.

[xxxgator]

This is the most encouraging post since ive been involved with this investment.The man with the power to make the changes speaking about making the changes within 24hrs of the goi being announced.Shabibi has stated he will give the goi the new rate as soon as they are officially seated.Today they were seated and already he'stalking about the rv procedure and it's affects on the Iraqi economy.Carlablum posted this as well .I hope it's posted ten times over because this is the best new's this investment has seen to date ,barr none! Great post ! I hope the next few day's see Shabibi do that thing he long's to do! GO Rv. RI.

[honeybee]

Good reading and thanks but I was not able to find this in your link provided, am I wrong?

"He continued: our budget relating to the conservation of its resources, is done by combating inflation. Stressing that the bank had several measures including raising the dinar exchange rate.

Read more:

[sneakey]

This is exactly what I have been trying to tell him all along.

I wonder if he even opens my letters?

[Phillip]

FINALLY! I agree. This is the best post to date! Now we need the RV POST!!!!!!

[Rogue Knight]

So soon after the World Bank calls for action... Shabs is on board now.. Time to RV old chap? The world thinks so too...

[JJARNOLD]

This is an old article. Originally presented in February 2010.

[Az Joe]

This is good news..Can you see the light yet?

[marknet73]

Oldie but goodie. Hope this still holds true.

[pureau79]

Isn't this the same guy thats also talks about dropping zeros and changes his tune every other week about the dinar.

No. Shabibi is definitely on top of his game and the only change associated with his plan is for the GOI to get its' act together. I believe that is a done deal. Waiting now for the fat lady to sing her beautiful song of freedom. I love her and love to hear her sing...

[JCOUTEE]

Thanks for the post !!!!!! GO RV !!!

[MPG350]

No. Shabibi is definitely on top of his game and the only change associated with his plan is for the GOI to get its' act together. I believe that is a done deal. Waiting now for the fat lady to sing her beautiful song of freedom. I love her and love to hear her sing...

Thanks, thats good to know then.

[ronscarpa]

Thanks for the good post PhillyDinar...!

RON

[Carl Greenwell]

Yes, It was a good post, and Adam M. himself posted the same post, however when I went to the link, I could not find the same post anywhere and I looked through every tab on the site???? I'm not getting worked up over it, seems to me like another way to keep just us motivated.. I will believe it, when I see the $$ in my bank account.

[bamf1414]

I am glad to hear it, this soldier wants sandy beaches and palm trees for Christmas LOL Go RV!!!!

i agree, i would have given you +100 but they wont let me

[Moe485]

I pray everyday that this rv will happen soon. This sounds like very encouraging news. Thanks for the post

[Krash]

If we get this Christmas present I can be home and enjoy my family. Thank God that this is becoming real.

Please pray for me and everyone else that is in far away places!

CAN I GO HOME NOW? AFGHANISTAN SUCKS!

[aszone]

old news

Dr. Sinan Shabibi, Governor of the Central Bank - Speaks Out With Good News

22 January 2007

(Iraq Directory)

Dr. Sinan Shabibi, Governor of the Central Bank, said that this year's budget is an investment budget because it focused on increasing the size of investment.

Shabibi said that the Central Bank's role is to treat the imbalances resulting from the development process that will produce changes in the basic economic structure.

He pointed out that the task of the Central Bank is to achieve development in a stable monetary environment through utilizing all means and policies to achieve economic stability, intact environment and moderate inflation rate.

He continued: "Our relation to the budget is to preserve its resources, through fighting inflation".

Stressing that the Bank had made several measures including raising the exchange rate of the dinar, which had an impact on the budget through affecting the purchase capacity of the government; this impact will increase through dealing with inflation.

Shabibi added that: this policy will increase the confidence in the dinar, which will pull some of the money to the banking sector and rationalize the government spending because of its impact on inflation.

He indicated that this action will reduce the prices of imported goods such as the private sector imports and the government's imports for development that come from the conversion of the Iraqi dinar to the dollar.

He added that while this policy weakens the ability of the government to buy the dinar, it strengthens the Iraqi dinar owned by the government.

Pointing out that the bank wants a means to affect the economic and monetary policy by making the dinar valuable and powerful.

http://www.iraqupdates.com/p_articles.php/article/13713

[quadraph0nic]

http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=ar&tl=en&u=http://www.alitthad.com/paper.php%3Fname%3DNews%26file%3Darticle%26sid%3D23590

click printer friendly page. check date

[BamBam]

We see a real update from him soon! Go Shabbi, Go RV!!!