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U.S. Dollar Edged Up Against the Iraqi Dinar

VIZIOIRAQI
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VIZIOIRAQI Newbie

VIZIOIRAQI

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The U.S. Dollar Edged Up Against the Iraqi Dinar

13.05.2011

Ahmed al-Zubaidi

Seen speculation the U.S. dollar during the past few days, a rise not seen in the forex market in Iraq for more than two years, after the Iraqi Central Bank has taken a decision to reduce the volume of trading the U.S. dollar during the currency auction day to about quarter of a million dollars after the currency exceeded the amount raised in the previous period million.

Experts have warned economists said that such disturbances in the high dollar exchange rate which exceeded the 1200 dinar after it had been worth no more than 1180 dinars, may lead to increased wave of inflationary finance, especially in market speculation the current, which has long sought the central bank to make it stable during the Control rates daily circulation of the dollar in the market for Bids for currency.

The expert says economic Falah Hassan Alwan said there are consequences of the "dangerous" will be reflected on the Iraqi reality of the Economic and Social Council if it continues the current rise without taking the central bank re-introduced a measure by the dollar exchange rate to what it was.

To that between an economist at the CBI on behalf of Abdel Hadi that the causes of the rise came on the back of the bank was forced to take action through which the brokerage firms settling accounts on the tax, because most of those companies were evading payment of taxes owed Bzmtha, stressing at the same time that the This rise will be temporary and soon will return stability to the market, financial speculation, describing a bank as being accurate.

At a time after which this procedure on the market, financial speculation and his companies, but it was implications of a positive to some citizens who took advantage of this opportunity to make a quick profit, and stresses Auf Abdel Rahman is the owner of a money transfer companies and banking in Baghdad said there captivated the imagination of some people to convert their savings from dollars into the Iraqi currency thus taking advantage of currency exchange that has occurred What ?

http://www.iraqhurr.org/content/article/24107483.html

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NWGUY Grand Master

NWGUY

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I am hoping that this could push to button faster. If the value of the Dinar drops, they will have to do something to increase their value, otherwise, the cost of everything for their citizens will go up. Right now, is probably not a good time to tell their citizens that cost of living is going to go even higher!!! Anyone ever hear of "civil war"? lol.....Anyway, this would be a good sign to me! Go RV!! :D:lol::lol:

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dog53 Newbie

dog53

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Thanks for the great post, vizio! One more sign pointing in the right direction. And on Friday the 13th, no less! GO RV!

Ok. We are heading in the right direction cause the dinar is heading in the wrong direction. Now im really confused. Come on somebody throw this dog a bone and explain it to me.

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Darin Newbie

Darin

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Ok. We are heading in the right direction cause the dinar is heading in the wrong direction. Now im really confused. Come on somebody throw this dog a bone and explain it to me.

Risk of inflation is pushing this in the right direction.

Inflation is somewhat of a friend as a counter-measure is to increase the exchange rate....

Or so I have read and or been told.

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tjmunson Newbie

tjmunson

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Risk of inflation is pushing this in the right direction.

Inflation is somewhat of a friend as a counter-measure is to increase the exchange rate....

Or so I have read and or been told.

Correct....simply put....the stronger the USD, the greater the risk for higher inflation in Iraq. Since Shabs' biggest concern is high inflation we want the USD to get stronger as it will help make the need for a RV that much more inevitable.

Peace

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cashin Newbie

cashin

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I am hoping that this could push to button faster. If the value of the Dinar drops, they will have to do something to increase their value, otherwise, the cost of everything for their citizens will go up. Right now, is probably not a good time to tell their citizens that cost of living is going to go even higher!!! Anyone ever hear of "civil war"? lol.....Anyway, this would be a good sign to me! Go RV!! :D:lol::lol:

inflation, didnt anyone tell the Iraqis that the price of Oil has gone up :D:lol:

Dont we know it

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AK47 Newbie

AK47

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Correct....simply put....the stronger the USD, the greater the risk for higher inflation in Iraq. Since Shabs' biggest concern is high inflation we want the USD to get stronger as it will help make the need for a RV that much more inevitable.

Peace

I would think that a higher value on the USD would really make the RV stronger value wise. Pretty rare news when the USD GAINS value. Come on IQD...follow suit!

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