Financial Expert; Doubling the share of Money

by Guest Thu Apr 04, 2013 11:19 am

Another from my good friend Phil.

Bottom line, the CBI is doubling the number of foreign currency exchange locations in the coming days to help stabilize the dinar against the dollar. They are pulling as many dinars off the street as possible. The US dollar is the currency of choice in Iraq. By removing dinars from circulation, the CBI is removing liquidity from the market, ultimately making the dinar stronger. The article suggests that the CBI would like to see the dinar restored back to its natural price. IMO, the natural price would be somewhere in the price range of $3.22 - $3.86 to the dollar. As the CBI remove dinars from circulation, it going to make it easier to revalue the currency, because less dinars to exchange.

Phil

Financial expert: doubling the share of money transfer companies of foreign currency will increase the exchange rate of the dinar

Baghdad (news) .. Expected financial expert as Hadi al-Tamimi, increase the dollar exchange rate against the dinar during the coming period after the measures taken by the central bank on doubling the share of money transfer companies in hard currency. Timimi said (of the Agency news): The central bank will not remain silent in front of declines witnessed Iraqi dinar exchange rate, but he would take the necessary steps to return the price of natural. added: that the central bank's decision to increase the share of private companies to transfer foreign currency will contribute greatly increase and stabilize the value of the dinar condition monitoring operations so as not to occur money laundering or the like has indicated news to: that the central bank will double during the next two days, the share of money transfer companies and banking foreign currency. was the Iraqi market has seen in weeks a major upheaval in the price of the U.S. dollar against the Iraqi dinar as the price of selling one dollar to 1280 dinars. was the Iraqi Central Bank, issued Sunday the 24 March, new regulations for the sale and purchase of foreign currency, whereby the share weekly for the banks to sell cash dollar four million dollars is subject to increase and decrease, while the share of money transfer companies $ 150 thousand for companies that their capital 45 billion dinars, and 100 thousand dollars for companies less capital for it. showed FAQ regarding companies broker for buying and selling currencies that share the weekly 50 thousand dollars to companies with a capital of 500 million dollars, and 25 thousand dollars for companies less than that, and buying and selling a foreign currency for the money transfer companies and firms to broker a sale and purchase of foreign currency through authorized banks in Iraq.

http://www.ikhnews.c...rticle&id=80269

by Guest Thu Apr 04, 2013 12:04 pm

I like what your friend Phil has to say...oh I wish it were the natural price Smile

by **Kevind53** Thu Apr 04, 2013 12:18 pm

I'm all about natural ... bring it on! Financial Expert; Doubling the share of Money 2805820865

Financial Expert; Doubling the share of Money

Financial Expert; Doubling the share of Money

Re: Financial Expert; Doubling the share of Money

Re: Financial Expert; Doubling the share of Money