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The Governor of Central Bank: Shabibi Says Raise the Value of the Dinar


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(Iraqi Media Network) Said Dr. Shabibi central bank governor that this year’s budget an investment budget because it focused on the size of the investment Ziada.

Shabibi said that the role of the central bank is to address the imbalance that would result from the development process that will result from changes in economic structure are basic.

He pointed out that the central bank is to achieve development in a stable monetary environment through attention to all means and policies to achieve economic stability and moderation in the environment and the normal rate of inflation moderate.

He continued: our budget relating to the conservation of its resources, is done by combating inflation. Stressing that the bank had several measures including raising the dinar exchange rate.

He pointed out that the impact of this action on the budget through the impact on the purchasing power of government, will increase by addressing inflation.

Shabibi said: that this policy will increase the confidence in dinars, which will pull some of the money to the banking sector and the rationalization of government spending because of its impact on inflation.

He indicated that this action will lead to a reduction in prices of import goods such as private sector imports and the import of the government’s development that comes from converting the Iraqi dinar to the dollar.

He added that this policy at the time weakens the government’s ability to buy the dinar, it strengthens Aldenarabraghi which is owned by the government. He pointed out that the bank wants and means to affect the economic and monetary policy by making the dinar valuable and powerful.

http://www.imnsr.com/Economy.aspx

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Der,der now,why iz thiz in rumor section? Diz should have been in fact section.

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(Iraqi Media Network) Said Dr. Shabibi central bank governor that this year’s budget an investment budget because it focused on the size of the investment Ziada.

Shabibi said that . . . the bank had several measures including raising the dinar exchange rate.

. . . this policy will increase the confidence in dinars,

He pointed out that the bank wants and means to affect the economic and monetary policy by making the dinar valuable and powerful.

http://www.imnsr.com/Economy.aspx

Could not be clearer. NOTE: "raising" in this context does not mean "remove." :rolleyes: MAKE IT VALUABLE, SHABIBI! Getter done! Push the button! RV this thing! Go RV! - and all the other shouts.

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Manno you are looking in the wrong link. Check my first post in this thread and you will see the correct link translated.

@ dominowinner, dude you have to post links carefully make sure they point at the right article, or good info looks like bogus BS if you don't.

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Economist: Central Bank of tools to install the exchange rate raised the rate of inflation / study /

On: Saturday 08/20/2011 13:46

Baghdad (news) .. The economic expert Dargham Muhammad Ali that the causes of rising inflation in recent years caused by the tools used by the Iraqi Central Bank to stabilize the exchange rate with the lifting of the value of the dinar and maintain the stability of the market.

Ali said in a study sent by (of the Agency news) said on Thursday that the causes of rising inflation in recent years caused by the tools used by the Iraqi Central Bank to stabilize the exchange rate of Iraq and raise the value of the dinar and maintain the stability of the market in conjunction with government policies wrong in drawing tracks economic cross-rein inflationary shocks that raised the rates of inflation.

He explained that the rates of inflation growing, in recent months, something attributable to the reasons for non-cash, but for reasons of legislative and legal, by imposing some restrictions of imports and the imposition of customs on imported goods, leading to high rates of annual inflation to (6.5%) during the two months recently.

He added the rise is worrying signal needs to processors shared between the government and the central bank without the need to change interest rates current as at acceptable rates, where the group must be at the exchange rate if Matovrt flexibility to reduce the dollar exchange rate in conjunction with the imminent implementation of the policy to delete the zeros of by the Central Bank.

He noted that making the annual inflation rate ranges during the last year and beginning within the limits of (3 and 4%) which is internationally accepted depending on the dinar exchange rate stable and the relative stability of legislation and income levels.

The expert stressed the economic need to ensure increased support for basic food commodities through the ration card which factors as a whole will lead to the absorption rate of inflation in conjunction with the need to work on improving the country's energy as it adds a cost of local products and basic services, in addition to the need to pressure government expenditures is the basic in the operational side. / End / 12. t. M /

http://www.ikhnews.com/

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Manno you are looking in the wrong link. Check my first post in this thread and you will see the correct link translated.

@ dominowinner, dude you have to post links carefully make sure they point at the right article, or good info looks like bogus BS if you don't.

I agree!

It's always important to provide the right link.

Thanks.

Barboza

Edited by Barboza
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THEN WHY ISN'T SHABIBI PULLING THE TRIGGER,... I WILL TELL YOU WHY. #1 THE GOI IS NOT FULLY FORMED YES I KNOW ITS 99.8 PERCENT FORMED BUT ITS NOT 100%, AND THEN "M" HAS TO MAKE THE BIG ANNOUNCEMENT "THE GOI" IS FORMED. #2 HCL LAW IS NOT PASSED AGAIN ONCE IT IS PASSED "M" HAS TO MAKE THE BIG ANNOUCMENT "THE HCL HAS PASSED"..#3 THE ALMIGHTY CHAPTER 7 IS NOT COMPLETED CLEARED AND AGAIN THE BIG "M" HAS TO MAKE THE ANNOUNCEMENT.. "CHAPTER 7 IS CLEARED" ...THESE ARE THE THREE MAJOR ISSUES THAS HAS BEEN THE PROBLEM ALL ALONG AND CONTINUE TO BE THE PROBLEM...SO ONCE THESE ARTICLES ARE CLEARED UP, THEN WE WILL SEE THE RV... LET THE BASHING BEGIN.. :lol::lol::lol:

Edited by k98nights
fixed a spelling error
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