Plan to increase the value of the dinar against the dollar

[earlygaudy]

Plan to increase the value of the dinar against the dollar and the deletion of three zeroes

اعدت وزارة المالية خطة لزيادة قيمة الدينار مقابل الدولار ومن ثم حذف ثلاثة اصفار من قيمة الدينار للاسهام في النهوض بواقع الاقتصاد العراقي خلال الفترة المقبلة فيما نفى البنك المركزي العراقي الشائعات الخاصة بجعل الدولار يساوي 1000 دينار وقال بيان صادر عن وزارة المالية : ان وزيرها باقر جبر اكد خلال زيارته الاخيرة الى العاصمة الاردنية عمان ان لدى البنك المركزي العراقي خزينا ماليا يقدر بـ22 مليار دولار وثلاثة اطنان من الذهب مخصصة لدعم الدينار العراقي. Finance Ministry has prepared a plan to increase the value of the dinar against the dollar and then delete the three zeroes from the dinar's value to contribute to the advancement of the Iraqi economy during the coming period with the Iraqi central bank denied the rumors making the dollar worth 1000 dinars and said in a statement issued by the Ministry of Finance:, the Minister Baqir Jabr said During his recent visit to the Jordanian capital Amman, said the CBI chagrin financially estimated $ 22 billion and three tons of gold intended to support the Iraqi dinar. واضاف ان السياسة المالية الناجحة المتبعة في العراق ساهمت في رفع قيمة الدينار العراقي مقابل الدولار منوها بان سعر صرف الدولار انخفض بشكل ملحوظ خلال العام الحالي ،مؤكدا ان كل الجهود ستصب لحذف ثلاثة اصفار من قيمة الدينار. He said that successful fiscal policy pursued in Iraq have contributed to increasing the value of the Iraqi dinar against the dollar, noting that the dollar exchange rate dropped significantly during the current year, stressing that all efforts will be channeled to the deletion of three zeros from the value of the dinar.

من جهة اخرى نفى مصدر مخول في البنك المركزي العراقي الشائعات الخاصة بجعل الدولار يساوي 1000 دينار او تغيير فئات العملة او رفع اصفار من العملة الحالية. On the other hand denied the authoritative source in the Iraqi Central Bank rumors making the dollar worth 1000 dinars, or a change denominations or raise zeros from the current currency.

واشار في تصريح صحفي الى ان البنك يتابع باهتمام بالغ ظاهرة انخفاض الطلب على الدولار في اسواق الصرف المحلية مؤكدا ان مثل هذه المعلومات او الشائعات المحيطة بها الهدف منها تحقيق مكاسب تجارية طارئة لبعض المنتفعين على حساب الجمهور. He said in a press statement that the bank has been following with great interest the phenomenon of low demand for the dollar in the local exchange markets, stressing that such information or rumors surrounding the aim of achieving commercial gain emergency for some users at the expense of the public.

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[kaperoni]

Right ON! Lets get'r done!

[jocko129]

:)Great news we are on our way to rv:bulb:

[wusObie]

Excellent find.

I found the following statement of interest:

"He said in a press statement that the bank has been following with great interest the phenomenon of low demand for the dollar in the local exchange markets, stressing that such information or rumors surrounding the aim of achieving commercial gain emergency for some users at the expense of the public. "

It seems to me that Iraq is laying foundation to be compared to Euro's value instead of USD. Plus, the demand for dollar is down bc recent laws requiring Dinars (not dollars) be used locally!

[bearfruit]

thanks a lot for the post

[whisky runner]

Iraqi Central Bank rumors making the dollar worth 1000 dinars ... i believe that is the best the dinar can do under chapter 7 ... under chapter 7 iraq had to stay between 5000 dinar and 1000 dinar to the dollar ... what th usa gov is doing to iraq is draging down the dinar along with it ... if you bought 3 years ago with canada money .. then you lost money ..

[joeintt]

imo ...the low demand for the USD is based on the fact that since the RV is now imminent it would now make no sense to spend 1170 dinars to buy 1 USD when all you have to do is wait for the RV and spend way less dinars to buy the same USD.

[azmag01]

thanks for the info

[tootygal]

Thanks for the post..

[Kent]

What a roller coaster... and this report has us back up again.

[Riley]

Thank you......

[Matt]

As far as Lopping the Iraqi Dinar, that has not been the plan. Gradual elimination of the larger notes has been the plan. Unlike Korea (communist country) Iraq has promised to its people a return to currency with the purchasing power of pre-war times. Remember, when the new currency was introduced, Iraqis lost all of their savings and purchasing power. It would only be fair to return the losses back to the people. Iraqis became poor overnight and they just may become wealthy overnight... sounds fair.

[sledar]

well anythign above 1$ and ill be happy!!!!