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Post by Guest on Wed Jul 18, 2012 9:33 pm


Date: Thursday, 07.19.2012 0:59



 Baghdad / term

economic analyst, said Abdul Latif Salem Ugaili, the ability of the central bank to devalue the dollar against the dinar during the coming period, expected to price stability (1189) dinars. He said Ugaili according to the Agency (news): The monetary policy in the country is facing major challenges by neighboring countries, particularly exposed to the economic blockade of an international like Syria and Iran, and the Central Bank has proved its success and its ability to preserve the value of national currency in light of these pressures. He pointed out that Syria and Iran have used various means, both legitimate


Or illegal to obtain hard currency "dollar" from Iraq, but thanks to the central bank monetary policy and plans dominated the process of growing clouds of the dollar and create a balance in the semi-volumetric supply and demand for the dollar in the market. He added that the central bank strives to reduce the value of the dollar against the dinar is more in the coming period, perhaps up to the price (1189), which aspires to a central, and maintain the stability of the dinar. and see the dollar exchange rate increased significantly against the dinar during recent times. has allowed the Bank Central's (25) private banks to sell the dollar according to certain controls, and gives each bank a week million and (250) thousand dollars at the (1179) and sold to citizens at (1189) that the ratio of profit for banks (10) dinars, to create a balance between the amount of currency offered and size of the growing demand to maintain the value of the dinar against the dollar, in time, which is still the exchange rate ranges between (1240 - 1250) dinars per dollar.


http://almadapaper.net/news.php?action=view&id=68350

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Post by Kevind53 on Wed Jul 18, 2012 9:53 pm

Hmmm .... seems to be an old article resurrected. I'm pretty sure I saw this virtually verbatim a month or two ago.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

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Post by Guest on Wed Jul 18, 2012 9:57 pm

Oh...

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Post by IQD4US on Thu Jul 19, 2012 10:34 am

almada is not a middle east NEWS paper - it is a a group IN the middle east that takes news articles and makes a page/website - like drudge report. When there is something brewing in the news they publish articles of relevence to the same topic (yes it is old - from Feb 2012). They have threads just like we do here at dinar daily.

With Ramadan starting at any moment now - perhaps they are trying to bring knowledge of exchange rate info - not the way I would have done it - but not my page/group. Who knows...

Man - I am going to have soooo much more room on my computer when this finally RV's - maybe I should save it long enough to write a book on this adventure in currency investment...anyone wanna be published???
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Post by Guest on Thu Jul 19, 2012 10:45 am

Write the book...i would probably buy it Smile

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Post by Terbo56 on Thu Jul 19, 2012 10:59 am

Paperback or 'Hard' cover?Smile
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Post by IQD4US on Thu Jul 19, 2012 5:31 pm

BOTH ! Hardcover for those who want to keep a piece of history about how they made their money, and paperback to keep it cheap enough for those who have to watch thier pennies but don't want to make mistakes like losing thier money on a "layaway" plan, or listening to "every hour / day / week " crud.

Then - after 5 years - another book on how to not "blow-it-all" - what the tax effect was, how money "truly" got spent. That one will have to be a joint effort - so everyone will have to watch for me to put out a "notice" asking for info for the book.

And since I will already have money and not need the royalty's - the money can go to a food bank.
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Post by Terbo56 on Thu Jul 19, 2012 7:29 pm

Agreed- I'll take two when you get them published-Very Happy :cheers: {Hard cover}-Smile
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