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loop : CBI is going to revalue the currency
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loop : CBI is going to revalue the currency
loop
Article: "Iraq: Calls to raise the value of the dinar" Quote: "Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq»." Very encouraging article, but keep in mind that the the main person quoted in this article, Essam Mahouelle, is an academic and not one of the major players in making these type of changes. I still think it has merit in that there is a growing number of economists who are echoing the same thing.
[CBI is who is going to revalue the currency.]
They are. Alak has telegraphed that as much as he can... IMO.
02.03.2017
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...when we first heard about KPMG being contracted to provide training last month, one of the main areas of focus was detection of illegal activity...
Now they sign a MoU with the UK to help with their measures to combat money laundering and financing of terrorism.
Remember that the US Treasury and Federal Reserve are also help in this regard with the World Watch database. This all points to one thing.
THEY ARE SERIOUS ABOUT STOPPING THE MONEY LAUNDERING AND TERRORIST FINANCING.
REMEMBER THIS IS PART OF THE IMF SBA. MORE PROGRESS.
Their actions over the last 18 months to reform their banking and financial sectors are indicating that they plan on moving to some degree of a market economy.
The most encouraging thing about this, IMO, is that the tempo in which they are getting things done is increasing all the time...
Which is a big indicator that this move will occur sooner rather than later.
02.02.2017
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Article: "BasNews Clarification on Exchange Rate Section 30 January 2017"
"ERBIL — BasNews Agency clarifies that the exchange rate occurring on BasNews website may not be accurate for the timbering due to some technical issues on our newly-designed website.
This section is under maintenance and the dysfunction will be fixed very soon.
The exchange rate in Erbil according to local stock markets on January 30th is:
$100 = 128,000 IQD
€100 = 138,000 IQD
£100 = 160,000 IQD
1-31-2017
Last edited by Ponee on Fri Feb 03, 2017 11:26 am; edited 3 times in total
Ponee- Admin
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Re: loop : CBI is going to revalue the currency
Funny the CBI has not changed it's rates, nor has the Forex rate changed....
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Kevind53- Super Moderator
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Get a life
Hey Kevin if you don't believe they will reinstate the dinar then leave. This site is for believers
Jd063068- Guest
Re: loop : CBI is going to revalue the currency
Jd063068 wrote:Hey Kevin if you don't believe they will reinstate the dinar then leave. This site is for believers
Iraq: Calls to raise the value of the dinar
February 3, 2017
Registration of the Iraqi economy, experts do not rule out a relatively rebound this year compared to 2016, «in the event of rising crude oil prices continued worldwide». They expected the government to take the initiative on economic reform «a broader dimension to the level of activation of the special efforts supported any productive sectors of industry, agriculture and services.» And approaching experts forecast a lot of calls to correct the value of the Iraqi dinar and the path, consistent with the exceptional economic situation in which the country is going through, with many believing that the official pricing of the dinar against the dollar is unrealistic in the current circumstances.
Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq». He stressed the need to «restrict foreign business dealings only in dollars.»
And ways to raise the price of the dinar, Mahouelle saw the need to «manage the country's affairs, economic mentality and look long-term, along with a quote economic experiences of states passed in conditions similar to those in which the passing of Iraq, as well as the reduction of trading the dollar in the domestic business transactions to support the national currency.» He stressed that the supervision of the Central Bank and coordination with economic authorities and relevant ministries «role in enhancing the value of the dinar by preventing the circulation of foreign currency in the local trade for whatever reason, and counted only foreign transactions». He stressed the importance that the «private and government banks take action to deal strengthens Iraqi dinars».
The dollar exchange rate against the dinar will fluctuate up and down, as he was about 4 thousand dinars in the nineties in the dollar, and scored a gradual decline after 2003 to continue to fall to 1200 dinars to the dollar in the last ten years. And it rose again after the adoption of the budget in 2015, and to require the central bank to determine its sales of foreign currency in accordance with Article 50 of that year's budget law.
Mahouelle He pointed out that «importers of goods were turning the dinar to the dollar when paying their price by banks, as the audience did not feel the importance of the US currency only when traveling abroad and are turning to banks, turned them dinar to the dollar in foreign currency and give them cash or instruments travelers after bank approval Central and under the foreign exchange law. »
He was an expert in the industrial sector Aqeel al-Saadi, said that the government's initiative to reform the economy «will take a wider range with the central bank's quest to launch industrial and agricultural loans, as well as legislation supporting the private sector laws and the transition to a market economy».
He said the financial expert Thamer al-Azzawi, «the new year will see a recovery in the capital market, with the trend to increase the foreign currency sale and provided outlets for citizens, as well as the central bank is keen to maintain the value of the Iraqi dinar and the dollar exchange rate». He explained that the new year «will see a greater reliance on technology in financial transactions, as well as to facilitate the transactions of the citizens in the banks.» He predicted that «Iraq Stock Exchange achieved a wider traded compared to last year, during which the record trillion traded shares of companies contributing to Iraq, because of the direction the state to move to a market economy».
He guessed expert Rahim al-Shammari, that «the sale of crude oil price increases in the world markets, because of« OPEC »and nations outside the Organization agreement means that the coming months will see a rise in prices». Did not rule out that the «estimated price of a barrel of crude oil between $ 55 to $ 65.»
https://www.dinardaily.net/t60932-iraq-calls-to-raise-the-value-of-the-dinar
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RamblerNash- GURU HUNTER
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Re: loop : CBI is going to revalue the currency
things are looking real good and the word on the street is it will come out high so get your papers ready as well as trusts because you will need it. say it could go as high as ten cents . so get ready
Jayzze- VIP Member
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Re: loop : CBI is going to revalue the currency
As long as the dollar is worth more than the dinar ,there will be no change, the dollar is still preferred today ,right now.
It's the same was in Asia, the dollar is preferred.
Now if the dinar were one to one to the dollar that would be a different story, or even 50¢ to a dollar,
It's the same was in Asia, the dollar is preferred.
Now if the dinar were one to one to the dollar that would be a different story, or even 50¢ to a dollar,
Chaz- VIP Member
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