Abdul Hussein al-Yasiri: Iraqi dinar has recovered and has become an internationally recognized

[rocketman2010]

Abdul Hussein al-Yasiri: Iraqi dinar has recovered and has become an internationally recognized

Abdul Hussein al-Yasiri: Iraqi dinar has recovered and has become an internationally recognized

On: Saturday 24/09/2011 13:10

Baghdad (news) .. According to a member of the Finance Committee and parliamentary deputy / National Alliance / Abdul Hussein al-Yasiri, that the Iraqi dinar at this time recovered from what it was in the past and began to deal in abroad, noting that the Central Bank of Iraq has up to (57) billion dollars, and this demonstrates the strength of Iraqi economy.

Yasiri said in a statement to the Agency (news) on Saturday: that the Iraqi dinar now began to recover almost what it was in the past and are treated in most countries of the world such as Syria, Jordan, Lebanon and the other could be to replace the dinar in any international currency, stressing that the Iraqi dinar is now currency has become internationally recognized as in the past, and raise the price of the dollar, indicating that the dinar exchange rate against the dollar was (3027) dinars, but now its price (1191) dinars, and this shows that the Iraqi dinar began to recover.

The Yasiri that the Iraqi Central Bank has to its credit limits (57) billion dollars, and this demonstrates the strength of the Iraqi economy, which all lead to the strengthening of the Iraqi dinar.

He was the Iraqi Central Bank announced on 22 June last, he decided to restructure the local currency in order to develop the payment system in the country. Also showed the International Monetary Fund in August last support of the Iraqi economy in the event of his number of economic measures, including the allocation of banks and raise three zeros from the local currency and the payment of debts and compensation is the responsibility of Iraq.

The main tasks of the Iraqi Central Bank to maintain price stability, monetary policy, including exchange rates, management of foreign currency reserves, issue currency and management, as well as to regulate the banking sector. / End / 8.'s. M / ..

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.ikhnews.com/news_view_19443.html

[Elixirbaby]

Go Go Go Go Go Go Go Go Rv

Rocketman. I think you need to add dinar has recovered and has become an internationally recognized in the subtext. This needs to be read by more.

Great art.

[Rome M]

Mods can u please move this to news forum? I believe it belongs there.

[UofIGuy]

Mods can u please move this to news forum? I believe it belongs there.

Could you not focus as much onto WHAT forum this belongs in? This is a great step in the recovery of the Iraqi dinar and you are concerned that the post is in the wrong forum. Priorities...people priorities. Yes, this is news...yes, they are saying that the IQD is internationally regognized as such. They are also saying that they are pleased that it is at 1,191 as opposed to what it once was at some 3,027. While this is great, it leads us to the question of.."Is Iraq going to be satisfied that their currency is now internationally recognized or are they looking to make it even stronger?" We shall see in a few months....

Edited September 24, 2011 by UofIGuy

[Laid Back]

Everything is falling in place.....RV is coming.

[Rome M]

Could you not focus as much onto WHAT forum this belongs in? This is a great step in the recovery of the Iraqi dinar and you are concerned that the post is in the wrong forum. Priorities...people priorities. Yes, this is news...yes, they are saying that the IQD is internationally regognized as such. They are also saying that they are pleased that it is at 1,191 as opposed to what it once was at some 3,027. While this is great, it leads us to the question of.."Is Iraq going to be satisfied that their currency is now internationally recognized or are they looking to make it even stronger?" We shall see in a few months....

You are quite right.

It is indeed trivial where this is posted. I was only thinking along the lines of more people being able to see it easier. I know I hardly look at the opinions forum much anymore (more just news and rumor lately), and if it weren't for me seeing it recently posted I would have missed this great news.

GO RV!!!!

[ozman2011]

Could you not focus as much onto WHAT forum this belongs in? This is a great step in the recovery of the Iraqi dinar and you are concerned that the post is in the wrong forum. Priorities...people priorities. Yes, this is news...yes, they are saying that the IQD is internationally regognized as such. They are also saying that they are pleased that it is at 1,191 as opposed to what it once was at some 3,027. While this is great, it leads us to the question of.."Is Iraq going to be satisfied that their currency is now internationally recognized or are they looking to make it even stronger?" We shall see in a few months....

_{"Is Iraq going to be satisfied that their currency is now internationally recognized or are they looking to make it even stronger?" We shall see in a few months....}

Reminder - CENTRAL BANK OF IRAQ - RIGHT FROM THE HORSES MOUTH !

Central Bank: The rise of foreign currency reserves to 58 billion dollars

BAGHDAD - Mostafa Hashemi

Confirmed the economic expert Dr. Sumaisem peace that there is an intention to change the exchange rate for the Iraqi dinar against the dollar through the adoption of the Central Bank policy of reducing the dollar value of cash against the dinar to the extent that it is now (1200 dinars per $ 1). As the committee said that Iraq's parliamentary Ghaderaly improve the status of the dinar and adopt it as part of international reserves, as Iraq has more than (80 to 90) billion dollars in central bank reserves and this is positive for the benefit of the Iraqi dinar.

She's Sumaisem (citizen) that he is supposed to drop the price to equal the dollar more than the Iraqi dinar after deleting three zeros from the currency and thus we have achieved two goals of this procedure, "FIRST" RAISE THE VALUE OF THE DINAR TO THE DOLLAR and "Second" is the restructuring of the Iraqi currency. Confirmed that the current exchange rate flexibility has to do with the market and the volume of loans and the volume of foreign remittances and bills of exchange rate discount in addition to the political orientation of the state.

And the effect on inflation this measure Sumaisem explained that this measure has to do with the reduction of inflation in Iraq, that if the improvement rate of the dinar and raised the zeros from the currency will be easy to absorb the inflation part of the restructuring of the economy as a whole in addition to the re-evaluation of the Iraqi dinar.

A member of the Committee of Economy and Investment parliamentary Abdul Hussein Abtan "It is certain that Iraq is able to adopt the dinar as part of international reserves, especially that he has a big supplier in the field of oil and more than (80 to 90) billion in Central Bank reserves and this affects positively on the Iraqi currency against the dollar and makes the dinar as its currency position as was previously the global currency. "

Alabtan called the Central Bank to improve the status of the dinar against the dollar, and (1200) dinars to the dollar is not the right thing.

For his part, said the central bank increase its reserves of hard currency to the $ 58 billion, attributing the increased demand for foreign currencies by the Iraqi banks and the lack of offers to rent the economy of Iraq.

The adviser said the Bank of the appearance of Mohammed Saleh for "Alsumaria News", the central bank's reserves of foreign currency amounted to $ 58 billion after the $ 50 billion at the end of last year, 2010, "noting that" the Bank was able during the last period of trade finance to the private sector and maintain market stability and curb high inflation that existed during the periods of years. " Saleh pointed out that "increased demand for foreign currencies by the Iraqi banks and the lack of offers for foreign currency in daily auction conducted by the Iraqi Central Bank of Iraq's economy back rent, which depends on oil imports in the general budget." Saleh said that "the State offers foreign currency to the Central Bank of Iraq to finance its expenditures in Iraqi dinars to the Central Bank, in turn, to meet the market need of foreign currency," noting that "the State is that supply of foreign currency, while the market is a student of foreign currency to cover the financing of foreign trade." Saleh pointed out that "Iraq does not receive external financial flows due to not send the Iraqi workers overseas savings of Finance to the country, in addition to the lack of investment companies large foreign workforce in Iraq." And said the central bank adviser earlier that the Iraqi dinar is not currency international reserve until it is handled in the outside, adding cash as a policy we aspire to be part of the Iraqi dinar and the precautions that needs to be a long time. The appearance of Mohammed Saleh said that the Iraqi dinar is the local currency convertible to other currencies, that is unlikely to deal in Iraqi dinars externally at present evidence is that the instructions do not allow the central bank to bring the Iraqi dinar, but the limits of (200) thousand dinars for the traveler. The central bank stressed the value of the dinar is not affected by high inflation rates in the country, denying the existence of any economic risks for the country as a result. The World Bank called Bank of Iraq and the Finance Ministry to take action to prevent increasing the persistence of high monthly inflation.

Saleh said that "fears of international financial institutions of high rates of inflation, monthly and annual amounts where it is under the control of the Central Bank of Iraq and there is no threat to cause deterioration of the value of the Iraqi dinar."

Iraq has seen a rise in inflation for the month of July in 2011 compared to the same month of 2010 by 7.1% after it was last year's 2.4% due to higher prices, housing rent allowances.

Saleh pointed out that the "dollar crisis and high prices, rents and higher wages for electricity and the main reasons behind the persistence of high inflation in the country." He explained that "the central bank adopts a policy of successful in reducing the rate of inflation and reduction in line with prices, demand and supply on the Iraq dinar and increase the monetary value."

Known that excessive inflation in the general level of prices and rising incomes in cash or a component of cash income such as wages or profits as well as high costs and over-the creation of cash balances. Fear and a number of economists from the continuing high rates of inflation in the country in the absence of mechanisms to limit the height of the government institutions involved in the management of the economy in the country.

[rocketman2010]

*GO rv Justsan

Edited September 24, 2011 by rocketman2010

[umbertino]

Quote

and has become an internationally recognized

End Quote

What? Dish? Book? Car? Movie Theater? Actor? Pop ( POOP) Dance?The curiosity is killing me.

[rope]

You are quite right.

It is indeed trivial where this is posted. I was only thinking along the lines of more people being able to see it easier. I know I hardly look at the opinions forum much anymore (more just news and rumor lately), and if it weren't for me seeing it recently posted I would have missed this great news.

GO RV!!!!

Classy, very classy!

[countryroads]

Great post. The only thing they left out was "But We still Have A long Way To Go". GO RV

[br_dinar]

GO RV!

[MrDinarman]

lop

[Soledad]

Abdul Hussein al-Yasiri: Iraqi dinar has recovered and has become an internationally recognized

بتاريخ : السبت 24-09-2011 01:10 مساء On: Saturday 24/09/2011 13:10

بغداد(الاخبارية).. Baghdad (news) .. أكد عضو اللجنة المالية البرلمانية والنائب عن /التحالف الوطني/ عبد الحسين الياسري،ان الدينار العراقي في الوقت الحالي تعافى عمّا كان عليه في السابق وبدأ التعامل به في خارج، مشيراً الى أن البنك المركزي العراقي لديه بحدود(57)مليار دولار وهذا يدل على قوة الإقتصاد العراقي . According to a member of the Finance Committee and parliamentary deputy / National Alliance / Abdul Hussein al-Yasiri, that the Iraqi dinar at this time recovered from what it was in the past and began to deal in abroad, noting that the Central Bank of Iraq has up to (57) billion dollars, and this demonstrates the strength of Iraqi economy.

وقال الياسري في تصريح لمراسل(الوكالة الاخبارية للانباء)اليوم السبت: أن الدينار العراقي حالياً بدأ يتعافى تقريباً عما كان عليه في السابق ويتم التعامل به في أغلب دول العالم كسوريا والاردن ولبنان وغيرها وبالأمكان أن يستبدل الدينار بأي عملة دولية، مؤكداً على أن الدينار العراقي الأن أصبح عملة معترف بها دولياً كما كان في السابق ،ورفع سعره أما الدولار الأمريكي ، مبيناً أن سعر صرف الدينار امام الدولار كان(3027)دينار، أمّا الأن فقد أصبح سعره (1191)دينار، وهذا يدل على أن الدينار العراقي بدأ يتعافى . Yasiri said in a statement to the Agency (news) on Saturday: that the Iraqi dinar now began to recover almost what it was in the past and are treated in most countries of the world such as Syria, Jordan, Lebanon and the other could be to replace the dinar in any international currency, stressing that the Iraqi dinar is now currency has become internationally recognized as in the past, and raise the price of the dollar, indicating that the dinar exchange rate against the dollar was (3027) dinars, but now its price (1191) dinars, and this shows that the Iraqi dinar began to recover.

وأشار الياسري الى أن البنك المركزي العراقي لديه في رصيده بحدود(57)مليار دولار وهذا يدل على قوة الإقتصاد العراقي مما تؤدي هذه كلها الى تقوية الدينار العراقي. The Yasiri that the Iraqi Central Bank has to its credit limits (57) billion dollars, and this demonstrates the strength of the Iraqi economy, which all lead to the strengthening of the Iraqi dinar.

وكان قد أعلن البنك المركزي العراقي في 22 حزيران (يونيو) الماضي، أنه قرر إعادة هيكلة العملة المحلية بهدف تطوير نظام المدفوعات في البلاد. He was the Iraqi Central Bank announced on 22 June last, he decided to restructure the local currency in order to develop the payment system in the country. كما أبدى صندوق النقد الدولي في آب (اغسطس) الماضي دعمه للاقتصاد العراقي في حال قيامه بعدد من الإجراءات الاقتصادية، من ضمنها تخصيص المصارف ورفع الأصفار الثلاثة من العملة المحلية وتسديد الديون والتعويضات التي تقع على عاتق العراق. Also showed the International Monetary Fund in August last support of the Iraqi economy in the event of his number of economic measures, including the allocation of banks and raise three zeros from the local currency and the payment of debts and compensation is the responsibility of Iraq.

وتتلخص مهام البنك المركزي العراقي بالحفاظ على استقرار الأسعار، وتنفيذ السياسة النقدية التي تشمل أسعار الصرف، وإدارة الاحتياطات من العملة الأجنبية، وإصدار العملة وإدارتها، إضافة إلى تنظيم القطاع المصرفي. The main tasks of the Iraqi Central Bank to maintain price stability, monetary policy, including exchange rates, management of foreign currency reserves, issue currency and management, as well as to regulate the banking sector. /انتهى/8.ل.م/.. / End / 8.'s. M / ..

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[FrankenSLI]

Great news!! Sounds like they are off to a good start!! Thanks Soledad!

[Markinsa]

Merged Two Topics on Same Article:

-

[Aqua Dude]

_{"Is Iraq going to be satisfied that their currency is now internationally recognized or are they looking to make it even stronger?" We shall see in a few months....}

Reminder - CENTRAL BANK OF IRAQ - RIGHT FROM THE HORSES MOUTH !

Central Bank: The rise of foreign currency reserves to 58 billion dollars

BAGHDAD - Mostafa Hashemi

Confirmed the economic expert Dr. Sumaisem peace that there is an intention to change the exchange rate for the Iraqi dinar against the dollar through the adoption of the Central Bank policy of reducing the dollar value of cash against the dinar to the extent that it is now (1200 dinars per $ 1). As the committee said that Iraq's parliamentary Ghaderaly improve the status of the dinar and adopt it as part of international reserves, as Iraq has more than (80 to 90) billion dollars in central bank reserves and this is positive for the benefit of the Iraqi dinar.

She's Sumaisem (citizen) that he is supposed to drop the price to equal the dollar more than the Iraqi dinar after deleting three zeros from the currency and thus we have achieved two goals of this procedure, "FIRST" RAISE THE VALUE OF THE DINAR TO THE DOLLAR and "Second" is the restructuring of the Iraqi currency. Confirmed that the current exchange rate flexibility has to do with the market and the volume of loans and the volume of foreign remittances and bills of exchange rate discount in addition to the political orientation of the state.

And the effect on inflation this measure Sumaisem explained that this measure has to do with the reduction of inflation in Iraq, that if the improvement rate of the dinar and raised the zeros from the currency will be easy to absorb the inflation part of the restructuring of the economy as a whole in addition to the re-evaluation of the Iraqi dinar.

A member of the Committee of Economy and Investment parliamentary Abdul Hussein Abtan "It is certain that Iraq is able to adopt the dinar as part of international reserves, especially that he has a big supplier in the field of oil and more than (80 to 90) billion in Central Bank reserves and this affects positively on the Iraqi currency against the dollar and makes the dinar as its currency position as was previously the global currency. "

Alabtan called the Central Bank to improve the status of the dinar against the dollar, and (1200) dinars to the dollar is not the right thing.

For his part, said the central bank increase its reserves of hard currency to the $ 58 billion, attributing the increased demand for foreign currencies by the Iraqi banks and the lack of offers to rent the economy of Iraq.

The adviser said the Bank of the appearance of Mohammed Saleh for "Alsumaria News", the central bank's reserves of foreign currency amounted to $ 58 billion after the $ 50 billion at the end of last year, 2010, "noting that" the Bank was able during the last period of trade finance to the private sector and maintain market stability and curb high inflation that existed during the periods of years. " Saleh pointed out that "increased demand for foreign currencies by the Iraqi banks and the lack of offers for foreign currency in daily auction conducted by the Iraqi Central Bank of Iraq's economy back rent, which depends on oil imports in the general budget." Saleh said that "the State offers foreign currency to the Central Bank of Iraq to finance its expenditures in Iraqi dinars to the Central Bank, in turn, to meet the market need of foreign currency," noting that "the State is that supply of foreign currency, while the market is a student of foreign currency to cover the financing of foreign trade." Saleh pointed out that "Iraq does not receive external financial flows due to not send the Iraqi workers overseas savings of Finance to the country, in addition to the lack of investment companies large foreign workforce in Iraq." And said the central bank adviser earlier that the Iraqi dinar is not currency international reserve until it is handled in the outside, adding cash as a policy we aspire to be part of the Iraqi dinar and the precautions that needs to be a long time. The appearance of Mohammed Saleh said that the Iraqi dinar is the local currency convertible to other currencies, that is unlikely to deal in Iraqi dinars externally at present evidence is that the instructions do not allow the central bank to bring the Iraqi dinar, but the limits of (200) thousand dinars for the traveler. The central bank stressed the value of the dinar is not affected by high inflation rates in the country, denying the existence of any economic risks for the country as a result. The World Bank called Bank of Iraq and the Finance Ministry to take action to prevent increasing the persistence of high monthly inflation.

Saleh said that "fears of international financial institutions of high rates of inflation, monthly and annual amounts where it is under the control of the Central Bank of Iraq and there is no threat to cause deterioration of the value of the Iraqi dinar."

Iraq has seen a rise in inflation for the month of July in 2011 compared to the same month of 2010 by 7.1% after it was last year's 2.4% due to higher prices, housing rent allowances.

Saleh pointed out that the "dollar crisis and high prices, rents and higher wages for electricity and the main reasons behind the persistence of high inflation in the country." He explained that "the central bank adopts a policy of successful in reducing the rate of inflation and reduction in line with prices, demand and supply on the Iraq dinar and increase the monetary value."

Known that excessive inflation in the general level of prices and rising incomes in cash or a component of cash income such as wages or profits as well as high costs and over-the creation of cash balances. Fear and a number of economists from the continuing high rates of inflation in the country in the absence of mechanisms to limit the height of the government institutions involved in the management of the economy in the country.

u have a link for this???