Serious Mention Of A Globally Traded Dinar

On a more positive note. Although this will most likely never happen, there is mention of the need for a globally traded Dinar. The key word in this article is STABILITY. I believe stability will be achieved with the new government.



Sale of crude oil in local currency!!

BAGHDAD – said researcher economic state fair: that of Iraq to sell crude oil in local currency depends on the stability of the general situation of the country as well as the stability of the Iraqi dinar exchange rate and recorded as currency global.

In a statement (morning) that the moment is appropriate to take such a step because stability currency linked to the stability of the economic situation and the country’s public, as well as that any fluctuation is happening in global oil prices will directly affect the value of the Iraqi dinar currency., and pointed out that the registration dinar currency global makes it vulnerable to speculation and subject to fluctuation between high and low price in the global markets as may be reflected in the value of true in the internal business dealings in particular, and he covered 80 billion dollars.

A member of the Economic Committee the Nora Albjara parliamentary suggested earlier sale of crude oil in Iraqi dinars instead of dollars, to support the local currency and increase its value against foreign currencies. The Bijari indicated that the central bank does not agree to the sale of oil in Iraqi dinars for fear of fraud in the local currency…

No problem Troyboy. Things are moving along, but at a snails pace. Patience is a virtue! The more talk of globally traded Dinar the better. They know they need to do it!

"The Bijari indicated that the central bank does not agree to the sale of oil in Iraqi dinars for fear of fraud in the local currency"

The standard CBI response fear of counterfeiting and fraud.

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