Finance Committee exclude the high value of the dinar against the dollar

[trooper]

17/11/2011

Finance Committee exclude the high value of the dinar against the dollar

Baghdad/Iraq's future

The parliamentary Finance Committee member excluded the placeholders for the Kurdistan Alliance Risalat Najib increase Iraqi dinar to the US dollar over the next year because the economy remains dependent on oil revenues annually.

Najib said in a press release yesterday, "I expect during the year (2012) Iraqi dinar retained its price US dollar is not worth the fact that Iraq's economy is still dependent upon the unilateral oil annual income, adding Najib:

If the Federal Government and the State of Iraq that the Iraqi dinar makes strong direction of foreign currency, it should consider how to strengthen the Iraqi economy and diversity through the activation of all economic sectors in the country followed.

There are frequent meetings of the management of fiscal and monetary policies and some members of the parliamentary Finance Committee on how to strengthen the Iraqi dinar against foreign currencies, saying: now applied measures are not taken to this theme but keep the price will continue until next year.

http://www.microsofttranslator.com/BV.aspx?Ref=GButton&a=http%3a%2f%2fwww.almustakbalpaper.net%2fArticleShow.aspx%3fID%3d13118

[harleyrider1]

I just love these broken translations. Am I understanding that he expects the current rate to be in place until next year?

[nathan1606]

Thanks for the post +1

[bamagirl]

I think they don't even know what they're saying anymore...argh, the confusion is driving me nuts!!

[VanessaL4100]

I just love these broken translations. Am I understanding that he expects the current rate to be in place until next year?

That's my understanding of it. For the dinar's value to raise next year at some time.. Interesting.

[Dinarabot]

They are just asking rich individuals to buy up Iraq.....at 1170 to 1, a million u.s.d. could make a dent....

[OregonHopeful]

Smoke and mirrors... they are trying to deter speculation... GETTING CLOSE..... they said the same thing way back, then they RV'd within two weeks of saying it. :D

[ftruck7]

Everything they say is S&M

[Nelg]

Thought some might like this: