Washington refuses to reset the dinar and its biggest loser

Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser
 
February 26, 2014
 
Baghdad, Washington / Orr News
 
Revealed an Iraqi diplomat in Washington that the U.S. administration strongly rejects Iraq’s decision Ptsfir currency, or stop the daily auction of foreign currency, which is organized by the CBI.
 
The Iraqi diplomat said that "the United States is the primary beneficiary of the auction currency in Iraq, and the survival of the purchasing power of the Iraqi dinar is weak, compared to the price of currencies in the region, especially the poor ones, which are suffering from economic problems large like Egypt." And showed that "the Iraqi currency, have been added zeros at the time of the former regime, and now is no longer an existential value, but the Americans are blocking efforts to zeroing damaged their economy and their companies from that. "
 
The specialists in economic affairs confirmed that the government’s approval of a bill to reset the currency will reduce the size of the money supply and restore confidence globally, to the presence of oil as an asset added to the balance of gold in the international banks, according to the Finance Committee representative to reset the local currency will contribute to the restoration of the Iraqi dinar to its strength, including approximately Previous worth purchasing and which was more than three times the U.S. dollar, and declined by the imposition of Chapter VII sanctions.
 
 
http://www.uragency.net/economy/484-2014-02-25-18-36-25.html

according to the Finance Committee representative to reset the local currency will contribute to the restoration of the Iraqi dinar to its strength, including approximately Previous worth purchasing and which was more than three times the U.S. dollar, and declined by the imposition of Chapter VII sanctions.

Interesting ... and seems to be a direct contradiction to articles pointing toward a LOP. Food for thought.

nah - I think it keep resurfacing in "opinion sites".  It is also referring (the only "specific" I see) to USA losing out if Iraq no longer has to issue "currency auctions" .  The USA makes money on providing currency exchange, and or US dollars to be exchanged in the marketplace.

Same thing as everyone referring to "global reset" - every 5 years every country has the "value" of it money looked at by the IMF - to make sure that no 1 currency is picking up large or losing too quickly without a catalyst event that causes it (like war and sanctions).  This is specifically stated on the IMF site, but some people won't bother to read it.  But the USA is not the one who will determine the value of the IQD.

Thanks IQD4US !

Yea I felt it was an op-ed piece as well. Meant to mention that but forgot.

Kevind53 wrote:Yea I felt it was an op-ed piece as well. Meant to mention that but forgot.

 Exactly.  No name or source is given for the author.  Likely someone with an agenda trying to sound official.

Waco Kid wrote:

Kevind53 wrote:Yea I felt it was an op-ed piece as well. Meant to mention that but forgot.

 Exactly.  No name or source is given for the author.  Likely someone with an agenda trying to sound official.

 
 
Or my Haphazard copy pasting.....sorry 

oh Ponee, you gave a link.  it's just how far people are willing to go to search who put in at that link and why.  NOT You (or anyone else) has the time to check every single bit of information.

I , for one, am thankful you even thought to post it for people to comment on.  Something like this very post is what could be used by another site to misdirect people.  I say - GOOD JOB !!

Washington refuses to reset Iraqi dinars – US companies would be losing , says Iraqi diploma
 

 
 
Revealed an Iraqi diplomat in Washington that the U.S. administration strongly rejects Iraq’s decision to reset currency, or stop the daily auction of foreign currency, which is organized by the CBI.
The Iraqi diplomat said that “the United States is the primary beneficiary of the auction currency in Iraq, and the survival of the purchasing power of the Iraqi dinar is weak, compared to the price of currencies in the region, especially the poor ones, which are suffering from economic problems large like Egypt.” And showed that “the Iraqi currency, had been adding zeroes at the time of the former regime, and now is no longer an existential value, but the Americans are blocking efforts to zeroing damaged their economy and their companies from that. “
 
The specialists in economic affairs confirmed that the government’s approval of a bill to reset the currency will reduce the size of the money supply and restore confidence globally, to the presence of oil as an asset added to the balance of gold in the international banks.
 
The finance committee representative has stated to reset the local currency will contribute to the restoration of the Iraqi dinar to its strength, including approximately Previous worth purchasing and which was more than three times the U.S. dollar, and declined by the imposition of Chapter VII sanctions.
http://www.iraqdirectory.com/en/2014/03/10/26616/washington-refuses-to-reset-iraqi-dinars-us-companies-are-losing-for-that-says-iraqi-diplomat.aspx