Popular Post kennyw Posted January 26, 2011 Popular Post Report Share Posted January 26, 2011 PLANNING MINISTER AND CENTRAL BANK OF IRAQ GOVERNOR DISCUSS BOOSTING COOPERATION 1/26/2011 5:29 PM MEETING WAS ABOUT DEBT AND EXCHANGE RATE MECHANISM...... What Does Exchange Rate Mechanism - ERM Mean? An exchange rate mechanism is based on the concept of fixed currency exchange rate margins. However, there is variability of the currency exchange rates within the confines of the upper and lower end of the margins. This currency exchange rate mechanism is also commonly called a semi-pegged currency system. "The two officials discussed Iraq's debts and mechanisms to handle them," said the statement received by Aswat al-Iraq news agency. http://en.aswataliraq.info/Default1.aspx?page=article_page&id=140716&l=1 Old article below now very valid with this meeting today!!!!! HOPEFULLY TO ACTIVATE PLAN!!!!!!!!!!!!!!!!!! Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities. http://www.mop.gov.iq/mop/index.jsp?sid=1&id=308&pid=295&lng=en 20 Link to comment Share on other sites More sharing options...
Darin Posted January 26, 2011 Report Share Posted January 26, 2011 This sounds promising.... Wonder if we will hear or read about the results of the meeting in the near future? 3 1 Link to comment Share on other sites More sharing options...
tbush Posted January 27, 2011 Report Share Posted January 27, 2011 Kennyw good find 1 Link to comment Share on other sites More sharing options...
kennyw Posted January 27, 2011 Author Report Share Posted January 27, 2011 THIS WAS A KEY MEETING NEVER HAVE I SEEN CBI AND MOP DISCUSS RATE MECHANISM SO WE ARE VERY CLOSE.....READ THE ARTICLE (ALL) http://en.aswataliraq.info/Default1.aspx?page=article_page&id=140716&l=1 2 Link to comment Share on other sites More sharing options...
keepmwlknfny Posted January 27, 2011 Report Share Posted January 27, 2011 Now this is the kind of things we should be looking for and focused on.....not all the bs rumors and false facts getting passed around....you can't argue with these kinds of forward progress....especially when it involves the big boys.... 8 Link to comment Share on other sites More sharing options...
Bobbydee Posted January 27, 2011 Report Share Posted January 27, 2011 Very good now let's gittr done. Lol God Bless Semper Fi 3 Link to comment Share on other sites More sharing options...
Dogmatic1 Posted January 27, 2011 Report Share Posted January 27, 2011 Great find, Kenny! Love that you found that older article as well! 2 1 Link to comment Share on other sites More sharing options...
ronberta Posted January 27, 2011 Report Share Posted January 27, 2011 Great job Kenny,like keep said this is the stuff we can sink our teeth into,solid info.But would they not add 20% to bring it up to current? Thanks again for the RIGHT STUFF!!! Link to comment Share on other sites More sharing options...
The Original Spike Posted January 27, 2011 Report Share Posted January 27, 2011 Definitely a good post! Gave ya a +, good stuff. Link to comment Share on other sites More sharing options...
MovieMaker Posted January 27, 2011 Report Share Posted January 27, 2011 I like it! like it a lot! 1 Link to comment Share on other sites More sharing options...
Riverdawg Posted January 27, 2011 Report Share Posted January 27, 2011 Good Job, Good Find!... Thanks!!! rd Link to comment Share on other sites More sharing options...
Sky Posted January 27, 2011 Report Share Posted January 27, 2011 This is good news... I think that if they RV at about 1.13 (or something near) for 3 years, they gona be able to start building the country and still stimulate the speculation for an other 3 years... Because people who didn't benefit of this RV will want to do it the next time... So the dinar will still be in demand and they will do some money from selling it. Go on Malaki... do it... Yes you can!!! Link to comment Share on other sites More sharing options...
Mustmoto Posted January 27, 2011 Report Share Posted January 27, 2011 (edited) This is the part I found interesting. Is this a reference to the RV rate (official exchange rate)? 2. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports... etc. I dunno, I'm really bad at reading stuff like this... Edited January 27, 2011 by Mustmoto Link to comment Share on other sites More sharing options...
wildinar Posted January 27, 2011 Report Share Posted January 27, 2011 Great find thanks Link to comment Share on other sites More sharing options...
rsskelton Posted January 27, 2011 Report Share Posted January 27, 2011 Nice find. Thanks Link to comment Share on other sites More sharing options...
tevye02 Posted January 27, 2011 Report Share Posted January 27, 2011 Thanks Kennyw for great info. Liked how you put the two articles together! Link to comment Share on other sites More sharing options...
Josefus Posted January 27, 2011 Report Share Posted January 27, 2011 Hell of a find! Good job Link to comment Share on other sites More sharing options...
007 Posted January 27, 2011 Report Share Posted January 27, 2011 You did it kenny...nice! I love reading this stuff. JuST great! thanks Link to comment Share on other sites More sharing options...
keepmwlknfny Posted January 27, 2011 Report Share Posted January 27, 2011 Great job Kenny,like keep said this is the stuff we can sink our teeth into,solid info.But would they not add 20% to bring it up to current? Thanks again for the RIGHT STUFF!!! The whole 20% thing was made up I believe by KTFM.....unfortunately the IMF never stated that they can go 20% higher of anything to bring their currency up to date for the past years of being under sanctions........I wish it could work like that!! Link to comment Share on other sites More sharing options...
kennyw Posted January 27, 2011 Author Report Share Posted January 27, 2011 I MIGHT BE WRONG BUT I FEEL THERE IS A SENSE OF URGENCY BY THE CBI TO RV BEFORE MALIKI GETS HIS HANDS ON THE FUNDS OF THE BANK.....REMEMBER THEY ALREADY ASK THE CBI FOR MONEY A WHILE BACK AND CBI SAID NO. I AM NOT SURE IF THEY DID GET SOME EVENTUALLY BUT...SOMETHING IS UP WITH MALIKI BEING ABLE TO HAVE ACCESS TO EXTRA MONEY. I FEEL THE RV IS AROUND THE CORNER MORE THAN EVER. Link to comment Share on other sites More sharing options...
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