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Economist: central bank rate to the dollar to about 1180 dinars Aitagaar DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Economist: central bank rate to the dollar to about 1180 dinars Aitagaar

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Economist: central bank rate to the dollar to about 1180 dinars Aitagaar Empty Economist: central bank rate to the dollar to about 1180 dinars Aitagaar

Post by Ponee Tue Nov 10, 2015 1:58 pm

Economist: central bank rate to the dollar to about 1180 dinars Aitagaar 7aaa7s7dd7
Special - scales News

Said economist Abdul Hassan al-Shammari, Monday, the central bank rate of foreign currency does not change from 1180 dinars to the dollar, while calling to make sound economic measures in order to eliminate the Iraqi budget for the 2016 deficit.

He said Abdul Hassan's / scales News /, that "there is no conflict of currencies in the currency auction because the central bank and one price is 1180 dinars to the dollar," stressing that "there is no auction for the sale of currencies in the true sense attributing the cause to high supply."

"The requests for the price of currencies which abound on the Central Bank of Iraq could reach 180 to 250 million dollars a day, a senior and a huge number," stressing that "there are no imports in Iraq this amount of hard currency and this is a waste of Iraqi funds and smuggled out of the country, leading to the suffering of the Iraqi citizen of economic conditions. "

He called for "making the price of the dollar at the current stage in 1500 dinars per dollar, because Iraq is passing through a difficult phase and may not be able to pay its employees' salaries in the next stage," and urged that "are taking sound economic measures to eliminate the Iraqi budget for 2016 a deficit."

11.10.2015

http://goo.gl/YCmmjd

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Economist: central bank rate to the dollar to about 1180 dinars Aitagaar Empty Re: Economist: central bank rate to the dollar to about 1180 dinars Aitagaar

Post by dwm007 Tue Nov 10, 2015 3:07 pm

Been several articles lately calling for a devaluation to 1500 to 1!

I have yet to see anything from official sources but apparently the economists are seeing this as the only way out of their current predicament so it may be officially considered before long. 1500 to 1 is not as bad as it first appears and should not be considered a disaster but it is very telling in that it's just the opposite solution that all the gurus have been calling for and is a true reflection on how these things REALLY work as opposed to the fantasy of mythical "RV"s.

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