The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation

[BNAAGENT]

Many investors are taking a hard look at investing in Iraq. Iraq’s Parliament approved Prime Minister Nouri al-Maliki’s 42-member cabinet. Iraq’s growing stability, hard for many to imagine just a few years ago, now sets the stage for economic development and foreign investment.

As the security issues are slowly getting resolved, investors are getting closer to taking the next steps to setting up businesses in Iraq. The crude oil sector, building construction, and air transportation sectors are already making great strides, its only a matter of time until other business sectors move into the country.

There are other investors that will continue their investments from outside of Iraq. The Iraqi stock market investors can continue their investments in Iraq with out actually moving there.

The Iraqi dinar currency speculators will also be able to continue their type of investment from outside the country.

The currency speculators may have something good to look forward to in the near term, during the 2011 fiscal year, as a recent article was published either in error, or by accidental leaking of information pointing to a coming new exchange rate. The recent rate of exchange to the US Dollar has been 1170 dinars to one US Dollar.

Here is an excerpt from the recent Iraqi 2011 Budget article that gives possibility to a new exchange rate: “The Iraqi government has approved the draft federal budget law for fiscal year 2011, so inform the budget some 93 billion Iraqi dinars (79.6 billion dollars), when calculated per barrel to $ 73 U.S., and the rate of export of 2.25 million barrels per day.”

the recent Iraqi 2011 Budget article:http://iraqdailytimes.com/kurdistan-region-of-iraq-can-afford-ten-thousand-employees-for-their-province/

If you do the math, this indicted value of “93 billion Iraqi dinars (79.6 billion dollars)”, would be equivalent to 1.168 Iraqi Dinars to one US Dollar, or .855 Us Dollars to one Iraqi Dinar.

Later on in the Iraqi 2011 Budget article, two additional references to the speculative exchange rate are again mentioned, which suggests the same rate of exchange outcome.

Now that the budget draft has been approved, how much will this significant change in the exchange rate benefit the 2011 Iraqi Economy?

[Thor Hammerstein]

Looks good but this amount is for the Kurdistan share of the budget,

another excerpt from your article

The Undersecretary of the Ministry of Finance of the Government of Iraq, Federal Fadel, a prophet, had told (Rn) last Sunday, “The Kurdistan region could Taataien 25 000 employees in its official institutions, depending on its share of the financial budget for 2011, amounting to 17%.”

[youliveonce]

Nice post.Thx.

[fortytwo]

Looks good but this amount is for the Kurdistan share of the budget,

another excerpt from your article

The Undersecretary of the Ministry of Finance of the Government of Iraq, Federal Fadel, a prophet, had told (Rn) last Sunday, “The Kurdistan region could Taataien 25 000 employees in its official institutions, depending on its share of the financial budget for 2011, amounting to 17%.”

Hey, thor... Is there any significance that it is only for the kurdistan region on the exchange rate?

[Phantom 309]

Looks like 3 zeros have been deleted from current exchange rate.

[YorkiePower]

would that apply to us citizens

[Funky Cold Medinar]

WELCOME!

The prOOf is in the pudding and the details, nice find, thanks for posting. I think we are very close, and that would not be a bad rate at all. Take care. Countless blessings and endless peace to ALL....GO RV!

[Darin]

If you round that 0.855 up to two decimal points, you will see that it is $0.86. (Think of, "removing the 3 zeros") Could be a type-o (erorr), because as simple as it would be to just move a decimal point over 3 places, i think a R-V would not just simply remove 3 zeros.

[kix]

when and where did you read budget has been voted on approved any reliable sources out there ive been saying no budget no rv could this be ANOTHER RUMOR???

[Econman33]

I believe this was debunked before in December. If I remember correctly, the misprint was that one said billion and the other trillion. It was on DV site. That rate would be nice.

[c5tech]

Original source out of Baghdad, hosted out of Germany

Domain Name: swalefnalhelwa.com

Registrar: Name.com LLC

Expiration Date: 2011-06-27 14:56:42

Creation Date: 2009-06-27 14:56:42

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ns1.al-rafidain.net

ns2.al-rafidain.net

REGISTRANT CONTACT INFO

Al-Kureishi

Areeb Mohamed

Al-Qahira

Baghdad

Al-Qahira

00964

IQ

Phone: +964.9647901611249

Email Address: areeb.mohamed@gmail.com

ADMINISTRATIVE CONTACT INFO

Al-Kureishi

Areeb Mohamed

Al-Qahira

Baghdad

Al-Qahira

00964

IQ

Phone: +964.9647901611249

Email Address: areeb.mohamed@gmail.com

TECHNICAL CONTACT INFO

Al-Kureishi

Areeb Mohamed

Al-Qahira

Baghdad

Al-Qahira

00964

IQ

Phone: +964.7901611249

Email Address: areeb.mohamed@gmail.com

BILLING CONTACT INFO

Al-Kureishi

Areeb Mohamed

Al-Qahira

Baghdad

Al-Qahira

00964

IQ

Phone: +964.7901611249

Email Address: areeb.mohamed@gmail.com

[muffy]

already been discussed...its a typo.. sposed to be TRILLION dinars not billion..

[c5tech]

http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=auto&tl=en&u=www.swalefnalhelwa.com%2Fnews.php%3Faction%3Dview%26id%3D1002

original translated. was posted 1/7/2011

[Mojo]

already been discussed...its a typo.. sposed to be TRILLION dinars not billion..

Who is saying its a typo do you have a new link with this corrected info ??

[tjmunson]

Who is saying its a typo do you have a new link with this corrected info ??

Do the math again using trillion instead of billion.....what do you get? 1170? It's a typo