AJ’s Intel April 7th, 2013

by Guest Sun Apr 07, 2013 9:04 am

AJ’s Intel April 7, 2013

Imports into Iraq from the US and elsewhere are settled through the bank of international trade in US dollars and not in Dinar. Until we see articles that put more monetary controls on the use of US dollars inside Iraq and Iraq's CBI allows the Dinar on a free float or does some kind of higher hard RV, the Iraq people will have no faith in the Dinar. Watch for these articles and watch the CBI and the sale of US dollars.

It’s called supply and velocity, causing goods and services to go up and down with more or less money flowing in the country the same way the value of a country’s currency goes up and down. The less US dollars used in a country will cause the country’s own currency to gain value. With the dinar, for that to happen it must be released from the monetary control of the IMF and CBI.

Today the CBI sale of US Dollars was up from last Friday, today at 172,777,000. The internal value of the US dollar is at 82.51, where last week when less US dollars were sold into Iraq's banks the US dollar was in the 83 range.

When US dollars are shorted in the Iraq economy by the CBI to other banks within Iraq, the US dollar will climb in internal value, watch kitco.com and you will see this happen, every time a country puts controls on the use of US dollars within a countries economy, which was the case here lately when the CBI put some monetary control on the sale of US dollars. This is what was meant in my opinion in the below article.

Parliamentary Finance: Obey the recommendations of the International Monetary Fund on the country's monetary policy

Baghdad (news) .. Deputy Finance Committee Chairman MP / coalition of Kurdish blocs / Ahmed Faizullah, the importance of commitment to recommend the International Monetary Fund to support and develop the monetary policy in the country. said Faizullah (of the Agency news): Iraq needs to experience banks international respect Balseesten financial and cash for the country, because the IMF has mental sophisticated and accumulated experience can be used to support the exchange rate of the national currency. added: that the International Monetary Fund issued reports seasonal confirming indicators positive and negative economies of developing countries, including Iraq, and poses a set of recommendations should adhere to the order promote financial and economic sectors in the country.

http://www.ikhnews.c...rticle&id=80278

Hang in there guys and gals you are in a great place once Iraq is cut loose.

Have a Blessed Day,

AJ