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Finance Committee discussed proposals that will create balance between USD and IQD
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Finance Committee discussed proposals that will create balance between USD and IQD
by Guest Thu Apr 11, 2013 3:33 pm
Mutlaq: Finance Committee discussed proposals that will create balance between USD and IQD
Published in: 11:48 am, April 11, 2013 by ipa 2
BAGHDAD (Iba) .. A member of the parliamentary Finance Committee Ibrahim al-Mutlaq, the committee discussed several proposals to create a balance between the U.S. dollar exchange rate and the exchange rate of the Iraqi dinar, adding that proposals relating to tax Emark and civil and open banks in all provinces.
He Mutlaq told the independent press (Iba) “The recent period has seen a big rise in the exchange rate of the dollar against الدينارالعراقي a result of some action taken by the Central Bank مادفع Committee of Finance to submit several proposals at its recent creation of balance and equality between the dollar and the Iraqi dinar.”
And between al-Mutlaq said that “the most important proposals considered by the Finance Committee, which will be applied on the ground include some procedures related Emark and tax rates and other measures related to the Central Bank and the opening of banks civil and determine the interest rate in addition to the opening credits of banks civil and governmental significantly.”
He stressed that “the more credits today limited to the Bank of TBE government that determines remittances scope is too narrow, calling” to opening credits largest in all provinces and banks to expand the banking business, and to be transfers through credits and not through (Cache) or criticism, stressing that All of these important factors will help to stabilize the currency and equity between Ataralammeraki and the Iraqi dinar.
http://bit.ly/YpkYtB
Published in: 11:48 am, April 11, 2013 by ipa 2
BAGHDAD (Iba) .. A member of the parliamentary Finance Committee Ibrahim al-Mutlaq, the committee discussed several proposals to create a balance between the U.S. dollar exchange rate and the exchange rate of the Iraqi dinar, adding that proposals relating to tax Emark and civil and open banks in all provinces.
He Mutlaq told the independent press (Iba) “The recent period has seen a big rise in the exchange rate of the dollar against الدينارالعراقي a result of some action taken by the Central Bank مادفع Committee of Finance to submit several proposals at its recent creation of balance and equality between the dollar and the Iraqi dinar.”
And between al-Mutlaq said that “the most important proposals considered by the Finance Committee, which will be applied on the ground include some procedures related Emark and tax rates and other measures related to the Central Bank and the opening of banks civil and determine the interest rate in addition to the opening credits of banks civil and governmental significantly.”
He stressed that “the more credits today limited to the Bank of TBE government that determines remittances scope is too narrow, calling” to opening credits largest in all provinces and banks to expand the banking business, and to be transfers through credits and not through (Cache) or criticism, stressing that All of these important factors will help to stabilize the currency and equity between Ataralammeraki and the Iraqi dinar.
http://bit.ly/YpkYtB
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Re: Finance Committee discussed proposals that will create balance between USD and IQD
by SEBtopdog Thu Apr 11, 2013 6:48 pm
Does that sound like a possible 1-for-1 exchange rate?
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Re: Finance Committee discussed proposals that will create balance between USD and IQD
by Kevind53 Thu Apr 11, 2013 6:54 pm
Might be ... I would be OK with that ....
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Re: Finance Committee discussed proposals that will create balance between USD and IQD
by SEBtopdog Thu Apr 11, 2013 7:00 pm
Yes sir. Me too!
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Re: Finance Committee discussed proposals that will create balance between USD and IQD
by Guest Thu Apr 11, 2013 9:32 pm
Yes it does sound like 1to1 and in my opinion that is what they will do as a first hard currency RV to pull the large notes and USD out. It would be quite brilliant really, if they came out at 1.134 and the US Dollar being at 82 to 86. The exchange rate difference would make bankers money! AJ
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Re: Finance Committee discussed proposals that will create balance between USD and IQD
by Guest Fri Apr 12, 2013 1:38 am
AJ, that figure you mentioned sounds correct and good to me 
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