Mnt Goat says -- still hearing that the CBI plans to delete the zeros but these rumors and lies is slowing down the process...
Page 1 of 1
Mnt Goat says -- still hearing that the CBI plans to delete the zeros but these rumors and lies is slowing down the process...
by Ponee Sun Dec 20, 2020 10:37 pm
Mnt Goat
The exchange rates of the dollar against the Iraqi dinar in the markets of Baghdad and Kurdistan rose again after witnessing fluctuations during the past days. ...The Deputy Speaker of the Iraqi Parliament, Bashir Al-Haddad, denied, on Wednesday, what was circulated regarding the entry of the Iraqi government into negotiations with the International Monetary Fund to reduce the price of the Iraqi dinar against the US dollar or the secret printing of trillions of dinars by the CBI...
The CBI and the Finance Committee asserted that these rumors are just untrue...I am still hearing that the CBI plans to delete the zeros but these rumors and lies is slowing down the process...
...This speculation is essentially creating its own kind of FREE float using the program rate and not even on FOREX. This is dangerous and just the issues that economists and financial analysts warned us of. This is why the CBI cannot and will not put the dinar on a free float while on the program rate. ...The bottom line is this – the CBI needs to pull the trigger and complete the project to delete the zeros, then move to reinstate the dinar back on the global markets...The plan is being carried out and they fully intend to move ahead with the dinar and its currency reform...It must be done and they know it...the CBI is trying to do it and they plan to do it. This is the good news...
Article: "BAGHDAD THE INTERNATIONAL MONETARY FUND IS NEGOTIATING TO DETERMINE THE EXCHANGE RATE" ...this past week I have readers commenting to me that the exchange rate of the Iraqi dinar has been devalued. They are all upset. Really?...That’s news to the CBI and me. No, it has not been devalued...They are NOT going to devalue the dinar nor have they already...These other articles are just opinion and not policy.
Article: "WEIGHTS THAT THE 2021 BUDGET WILL NOT BE APPROVED UNTIL NEXT FEBRUARY" appears they do not want the public to know the rinstatement rate until after the event happens. They are holding it up until after the early part of January.
The exchange rates of the dollar against the Iraqi dinar in the markets of Baghdad and Kurdistan rose again after witnessing fluctuations during the past days. ...The Deputy Speaker of the Iraqi Parliament, Bashir Al-Haddad, denied, on Wednesday, what was circulated regarding the entry of the Iraqi government into negotiations with the International Monetary Fund to reduce the price of the Iraqi dinar against the US dollar or the secret printing of trillions of dinars by the CBI...
The CBI and the Finance Committee asserted that these rumors are just untrue...I am still hearing that the CBI plans to delete the zeros but these rumors and lies is slowing down the process...
...This speculation is essentially creating its own kind of FREE float using the program rate and not even on FOREX. This is dangerous and just the issues that economists and financial analysts warned us of. This is why the CBI cannot and will not put the dinar on a free float while on the program rate. ...The bottom line is this – the CBI needs to pull the trigger and complete the project to delete the zeros, then move to reinstate the dinar back on the global markets...The plan is being carried out and they fully intend to move ahead with the dinar and its currency reform...It must be done and they know it...the CBI is trying to do it and they plan to do it. This is the good news...
Article: "BAGHDAD THE INTERNATIONAL MONETARY FUND IS NEGOTIATING TO DETERMINE THE EXCHANGE RATE" ...this past week I have readers commenting to me that the exchange rate of the Iraqi dinar has been devalued. They are all upset. Really?...That’s news to the CBI and me. No, it has not been devalued...They are NOT going to devalue the dinar nor have they already...These other articles are just opinion and not policy.
Article: "WEIGHTS THAT THE 2021 BUDGET WILL NOT BE APPROVED UNTIL NEXT FEBRUARY" appears they do not want the public to know the rinstatement rate until after the event happens. They are holding it up until after the early part of January.
Ponee- Admin
- Posts : 38235
Join date : 2011-08-09 
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Frank26 says - They're talking on news Channel 1 saying it is time to open and adjust our exchange rate
» Kaperoni says - They want to bring it back to what it was just a year ago around 1170
» MarkZ says - Dr. Shabibi did say at one time Iraq could support a rate of 14.00 to $20.00 in 2012
» Walkingstick says - It's in print now
» Guru Vital Brad says - When it comes to rate I've heard numbers as high as $30
» Frank26 says - Article: "Economist: The Government has no justification to continue to raising the dollar exchange rate" Bada-bing-bada-boom
» MilitiaMan says - To open a bank branch in the UAE and or even in Saudi Arabia is to be international
» Frank26 says - meanwhile citizens are demanding more that the exchange be set back to previous rate
» Guru Vital Brad says - when Iraq fully seats their government and the Iraqi dinar is reinstated as a recognized currency on the International market/on the Forex market...it's going to be at a new rate. Similar to the Kuwaiti dinar
» MarkZ says - It is their understanding that this is the governments way of saying “thank you” by paying them in dinar right before they revalue the currency
» Frank26 says - Everybody wants a piece of Iraq now. That is the biggest telltale sign
» Frank26 says - The writing is on the wall...it is in print. It's not my opinion
» Judy says - the Iraqi Dinar’s new International Rate – was set to be announced on Sat. 15 Jan. and begin trading on Forex the next day, Sun. 16 Jan.
» Bruce says - the big screens are up – the celebrations are ongoing – the fireworks are cranked and they are excited
» MarkZ says - My banking contacts were saying it now looks like $6…and today they are all confused because bank screens are showing around $11.00
» The Islamic Dawa Party unanimously re-elects al-Maliki as Secretary-General
» International Energy: Electricity consumption is increasing in Iraq .. and solar energy will not contribute significantly
» Specialist: The necessity of discussing the 2022 budget as the first law of the House of Representatives
» Iraq surpassed Saudi Arabia in its oil exports to America last week
» USD/IQD went opposite ways in Baghdad and Erbil on Sunday
» CBI sales inched up today
» The Central Bank’s stimulating initiatives for the economy in 2021 and 2022 are a continuation of the reform approach
» Frank26 says - It's no longer a secret...as soon as the new seated government passes the budget laws, the budget, white papers and exchange rate will be exposed
» gurus
» An official reveals the fate of Iraq's 2022 budget
» Al-Maliki: Targeting the headquarters of political parties and diplomatic missions are desperate attempts to stir up sedition and destabilize the country's security.
» Alia Nassif: The events of last night are one of the repercussions of the state of fragmentation at the expense of the national interest
» Al-Abadi: Targeting diplomatic missions is an insult to the state, and a violation of its obligations, status and sovereignty
» The Central Bank of Iraq confirms that it will not grant a license to any encrypted digital currency
» Iraq and the World Bank discuss participation in development and economic projects to achieve economic growth
» A law clarifies the possibility of submitting the 2022 budget to Parliament this month
» Al-Rafidain Bank launches the second issue of construction bonds after the completion of the first phase
» UNAMI: Rockets targeting embassies is an attempt to destabilize the country
» C-RAM intercepts two rockets targeted the US Embassy in Baghdad
» USD closes lower in Baghdad's markets
» JP Morgan sees OPEC spare capacity falling through 2022
» International Development Bank opens a branch in the UAE
» Turkish lira weakens nearly 3%, giving up Wednesday's gains
» IRS and Restored Republic