easyrider Posted February 8, 2011 Report Share Posted February 8, 2011 (edited) This is an old article but I thought it would be worth sharing to the Dv family also to some of the newbies. This caught my interest with this came out because it came straight from the CBI. This has been posted a while back but is worth a read. Enjoy. http://www.edinarfinancial.net/news/?quer=&nm=&ny=&nn=622 December 07, 2010 The Chancellor and the economic expert for the appearance of Mohammed’s (morning): The budget deficit is similar to the deficit in the economic structure in general, what calls for attention to processes such as how things can reflect negatively on the economic process in Iraq completely, The Cabinet has recently approved the general budget for Iraq for next year 2011, amounting to $ 83 billion, depending on the value of export of oil amounting to 2.25 million barrels per day and at a price of $ 73 per barrel, but the experts and specialists in the economic forecast to suffer the next budget a deficit of $ 18 billion, which commented upon in favor by saying: not a question of negative to suffer the budget financial deficit, but to see the budget at the end of each year a financial surplus due to non-completion of many plans and projects, and also said: Every time you start the budget deficit , and ending with a surplus … In return, expect the benefit to see the Iraqi dinar remarkable rise against other currencies especially the dollar, explaining that the size of financial returns to the oil, which rose dramatically during the past period compared to past years, as well as the situation called for Palmtdeda [compared] to the dollar in world markets, which can be to contribute according to the Chancellor to raise the value of the Iraqi dinar against the dollar .. The central bank’s long been the deletion of three zeros from Iraqi dinar, in a move designed, according to those concerned to reduce the value of inflation in Iraq, to equality dinar to the dollar, as well as reducing the cluster enormous cash from the Iraqi currency to its lowest limit, however, observers have criticized the move by Galo it is not effective at this time, indicating that the deletion of three zeros from Iraqi dinar will not work to reduce prices or improve quality of life, but it is a switch of the currency only, can not see prices drop because of it as far as saying .. Saleh said the CBI has a lot of policies drawn through auctions currency held by the continuously at the moment, adding that the auction and a means of indirect monetary policy and seeks to achieve three important objectives is to control the levels of liquidity to the Iraqi dinar and also is a means to control the dinar exchange rate against the dollar, as well as being an incubator is important for the financing of private traders who rely on the support of their projects financially through these auctions .. and Abizaid valid reference to that post the most prominent of the currency auction is to achieve economic stability, particularly the reduction of inflation rates, indicating that in addition to for exchange rate stability achieved by the exchange auctions, it is an important means able to achieve substantial financial reserves of Iraq amounted to $ 50 billion.(Source) Currency News Edited February 8, 2011 by easyrider 3 Link to comment Share on other sites More sharing options...
Ateam Posted February 8, 2011 Report Share Posted February 8, 2011 i hope this is right but don't let this blind you because the web address is edinar. Link to comment Share on other sites More sharing options...
easyrider Posted February 8, 2011 Author Report Share Posted February 8, 2011 i hope this is right but don't let this blind you because the web address is edinar. yes i hear ya i believe there is another original link but i cannot seem to find it. If i do ill post it. thanks for the reply. Link to comment Share on other sites More sharing options...
Ateam Posted February 8, 2011 Report Share Posted February 8, 2011 Word Link to comment Share on other sites More sharing options...
easyrider Posted February 8, 2011 Author Report Share Posted February 8, 2011 i hope this is right but don't let this blind you because the web address is edinar. heres another link. http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://almadapaper.net/news.php%3Faction%3Dview%26id%3D31338&rurl=translate.google.com Link to comment Share on other sites More sharing options...
jimmey309 Posted February 8, 2011 Report Share Posted February 8, 2011 easy -- Oil prices on the rise, fractional banking, and the currency monetization policies of the IMF could help as well for CBI to move towards RV . Some of Adam's comments today important not to ignore. Link to comment Share on other sites More sharing options...
allinxpress Posted February 8, 2011 Report Share Posted February 8, 2011 Where do u see Adams comments today? Link to comment Share on other sites More sharing options...
youliveonce Posted February 9, 2011 Report Share Posted February 9, 2011 There will be an RV this year or my biggest fear,issuance of a new currency.The RV makes sense,but if a new currency is issued,Iwould not be surprised. Link to comment Share on other sites More sharing options...
powerpager Posted February 9, 2011 Report Share Posted February 9, 2011 Yes Yes !!! Link to comment Share on other sites More sharing options...
thatoneguy Posted February 9, 2011 Report Share Posted February 9, 2011 Nice post. Thanks for sharing. Link to comment Share on other sites More sharing options...
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