Student Economist Salim Al-daini, the application of the draft Central Bank deleted three zeros from the currency early next year, to eliminate the forged currency in the local market.
22-03-2013 10:40 AM
Baghdad (news) .. Asked economist Salim al-Daini, the central bank applying the project to delete the three zeroes from the currency in early next year, to eliminate counterfeit currency in the local market. said Daini (of the Agency news): The project to delete the three zeroes from the currency will serve the Iraqi people in terms of reducing groups large and easily traded, as well as support the economy through the withdrawal of counterfeit currency, which is now prevalent in the market. added: you must apply the project after the appointment of managing efficient central bank, to be implemented early this year (2014), because he is one of the strategic projects large in the country. He noted: that the existing categories of the national currency easy damage which forced the state to print new currencies every three months and this constitutes an additional burden on the state in terms of exchange money for printing new currencies, noting that the new project will be issued currencies up old for more than (25) years. This The Council called for the prime minister in the previous administration earlier for the central bank to wait to draft deleted three zeros from the local currency, saying he was a big project and it needs enough time to apply. / end / 8. n. p /
ikhnews.com
The time on Friday, 15 March / March 2013 11:30
BAGHDAD / Nasir Ali
Reflected the deterioration of the security and political situation in Iraq, and the late adoption of the federal budget, negatively on the economy and monetary stability are facing a rapid decline in Iraqi dinar value.
The Iraqi Central Bank announced after the last session of the auction sale of currencies, a sharp increase in the demand for dollar whose value exceeded 1227 dinars after it had been less than a month ago at 1219 dinars.
And increased central bank sales of dollar to 131.2 million from 125.8 million recorded in the previous session. And distributes aggregate demand for the dollar by $ 24.6 million in cash and $ 106.5 million in the form of remittances external covered by the central bank at the exchange rate was 1179 dinars to the dollar. And regulates the CBI five weekly auctions to sell and buy foreign currencies.
Market traders complained “Shorja”, the largest capital markets, the impact of decline in the value of the dinar to the commercial sector where it is feared Importers and wholesalers dealing in the current situation pending the stability of the exchange rate. Said trader cute Mayahi: “Most citizens began storing large amounts of food for fear of worsening economic conditions,” adding that what you offer banking offices of the dollar is much less than the size of the request.
Expert predicted and the Iraqi Ministry of Finance, Arslan Salim Abbasi, the continuation of the event did not rule out volatility largest decline of the value of the dinar. He said: “delay the adoption of the budget causes the accumulation of applications on the dollar, both for the benefit of the public or private sector, what would cause a large crack in the value of the dinar when the government intends to buy what you need from currencies to finance their projects.” He called on the Central Bank to follow a deliberate plan to regain control of the currency market, and stay away from previous plans which proved to be a failure.
And invite some experts and lawmakers to followers how to open doors for banks to establish auctions along with the central bank, said Abbasi that “this will be more like an official invitation to the Mafia International laundering money in Iraq, will also be a golden opportunity for Iran to get what you need from the dollar.” He added: “Central Bank reserves exceeded $ 67 billion, a huge funds to enable them to take measures to control the exchange rates in local markets.”
And already showed Prime Iraqi National Congress, Ahmed Chalabi, for fear of paying Iraqi banks very large amounts of local currency sources to buy those quantities of dollar from the central bank. He explained in a statement that “the payment of Iraqi banks very large sums of money to buy the dollar raises fears of sources of local currency that was provided for the purchase of such quantities of the dollar from the central bank.” He added: “BSA and the Central Bank of Iraq are urged to check the accounts of customers who had bought large amounts of hard currency.
uragency.net
[Shredd] Central announces its intention to take decisions in order to achieve stability of the exchange rates of foreign currencies Published on Thursday, March 14 / March 2013 12:48. | Written by: OK-B. |BAGHDAD / obelisk:
CBI said, Thursday, he was in the process of implementing a number of decisions aimed at stabilizing the foreign currency exchange rates, stressing that responsible for maintaining this stability commensurate with concern for the stability of the dinar exchange rate according to data of the Iraqi economy.
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Read More Link On Right
Refer economist Salim al-Daini, reasons to increase the price of the dollar against the dinar to the measures taken by the central bank in the process of selling hard currency, calling it a complex procedure and is supportive of the Iraqi dinar.
said Daini (of the Agency news): The central bank is responsible for rate cut Iraqi dinar exchange against the U.S. dollar, because of its procedures complex sell hard currency in the auction.
added: should alleviate the checks and routine procedures in the bank auction specialist for the sale of hard currency, to allow for the greatest possible number of banks and companies buy currency and supplied in the market, and not restricted to hand certain other without.
pointed out: the new regulations issued by the central bank to prevent a lot of banking companies to obtain hard currency there ماجعل increasing demand to buy the dollar in the market, which led to increase its price.
static.mubasher.info
14-03-2013 11:37 AM
Baghdad (news) .. Refer economist Salim al-Daini, reasons to increase the price of the dollar against the Iraqi dinar to the measures taken by the central bank in the process of selling hard currency, calling it a complex procedure and is supportive of the Iraqi dinar. said Daini (of the Agency news): The central bank is responsible for rate cut Iraqi dinar exchange against the U.S. dollar, because of its procedures complex sell hard currency in the auction. added: should alleviate the checks and routine procedures in the bank auction specialist for the sale of hard currency, to allow for the greatest possible number of banks and companies buy currency and supplied in the market, and not restricted to hand certain other without. pointed out: the new regulations issued by the central bank to prevent a lot of banking companies to obtain hard currency there ماجعل increasing demand to buy the dollar in the market, which led to increase its price. / end / 8. n. p /
ikhnews.com
[redhead1] Good Morning – Are we ready for some money????? Let’s all plan to cash out today.
[blest40] Remember to call it CURRENCY EXCHANGE — not cash out. By the way, good morning! 
)
[redhead1] Fed will be leasing Round 2 of stress testing for banks – starts at 4:30 EST – First interview with Jack Lew this afternoon – at 4pm EST – Bloomberg –
[Papa Bear] redhead1 Lew interview could be interesting if he wants
[Papa Bear] Take yourself into readiness which u have already been told
[mailboxmoney] papa Bear what are your thought and feelings this fine morning
[Papa Bear] Need action not words at this time
[Papa Bear] Read TK and Okie
[sananddan24] Okrocks I am thinking rate will be effective on the 15th, friday, what are your thoughts?
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Read More Links on Right
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(highhopes) Did you all seer Deltas post on Recaps just now??
[cheifs0ne] Good Morning! Has Delta’s post been confirmed by anyone else?
[highhopes] freedom13 I liked seeing that first thing today!!!
freedom13] highhopes yes read that great news weeeeeeeeeeee rich soon
[freedom13] highhopes yes it was about 7 am for me weeeeeeeeeeeeeee
[leigh] there are articles saying pretty much the same exact thing cheifs0ne
[cheifs0ne] Leigh Thank you.
[cheifs0ne] I find it very interesting if it is on Iraqi television
[freedom13] i heard great news but cant put on chat or i willl have to kill myself lol yes news is great
[leigh] i believe one of the articles is on the cbi website itself, if i remember correctly I can’t scroll back up far enough to grab it
[goin4broke] highhopes thanks for sharing
[cheifs0ne] freedom13 don’t do that. It’s to early in the morning
[freedom13] cheifs0ne cant we rich soon just kidding ,my info from poeple weeeeeeeeeee just will say this be very happy
[highhopes] cheifs0ne I like that too..If its on TV…they would seriously risk angering a bunch of rioting, bomb blowing, iraqis who would be seriously PO’d if not true…imo
[leigh] yes on the cbi website also, there is a link in recaps to check it out
[cheifs0ne] highhopes, somehow I think you just hit the nail on the head.
[highhopes] cheifs0ne lol
[sisterbreen] leigh what is on cbi site plz
[cheifs0ne] So I am just thinki ng out loud, if it truly is announced on TV, wouldn’t they have to put the rate out today to stop a run on buying Dinar?
[OKCRN] cheifs0ne Too late!!
[cheifs0ne] OKCRN the rates out or the run on Dinar is on? haha
[OKCRN] cheifs0ne LOL…..the run is ON…..I had to fight it myself and I am SOOOO not into doing that….!
[highhopes] cheifs0ne I sure do hope so…..just a thought. Today at about 4PM EST is Iraqs Midnight…..Forex is closed in the US….and International Banks just got done talking to each other….hmmmmmmm
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[Sparkles] Can it be can it be? Praise the Lord !
[clubber3] won’t know until I walk out of the Bank
[Capt Ron] Sparkles well, what we DO know is that the rumors for today have a definite shorter term horizon that what they usually have…..
[Sparkles] Capt Ron Yes they do
[Capt Ron] …we’ll either be really happy or we will be disappointed again. Only in a really short period of time from now.
[14Titles] Dont drink that koolaid! consider the source. More entertainment though.
[Sparkles] I think we have learned how to handle the disapointment but not sure on long term excitement
[Sparkles] But am willing to find out lol
[Capt Ron] 14Titles again, all I’m saying is that the rumor horizon is shorter.
[Capt Ron] closer i mean.
[clubber3] capt ron all the reports I am seeing are showing positive actions taking place
[Papa Bear] Gm Dinar Family
[billuke] Papa Bear gm – you hearing good things?
[Capt Ron] clubber3 ok. in my case, all i have is the absence of bad news. nobody i talk to, the folks that have been more and more optimistic, has called back to say “nevermind”.
[Papa Bear] Yes call at 1AM last night
[clubber3] papabear spill it please
[Papa Bear] Take yourself into readiness as all already know. Lets see what Lew says in interveiw todayr
[Papa Bear] Need action
Elilali] Papa Bear who is Lew?
[hopeful2&2] Elilali new sec of treasure
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xyz] UN urges Iraq to remove all obstacles to boundary project with Kuwait Thursday, 14 March 2013 11:19 Baghdad (AIN) -The Secretary-General Ban Ki-moon on Wednesday urged Iraq to “immediately remove all obstacles” hindering the “timely completion” of the Iraq-Kuwait Boundary Maintenance Project (IKBMP) by the end of this month. In a written report to the Security Council on the work of the UN Assistance Mission in Iraq (UNAMI), Ban urged Iraq to fulfill “all” its outstanding obligations “without further delay,” and told both countries that a “historic opportunity” is at hand to fully normalize their relations. “It is important that the Government of Iraq immediately finalizes the removal of all the obstacles between boundary pillars, in order to enable a timely completion of the Iraq-Kuwait Boundary Maintenance Project (IKBMP),” he said. “I strongly encourage the Governments of Iraq and Kuwait to quickly establish a bilateral bo
http://www.alliraqnews.com/en/index.php?option=com_content&view=article&id=30202
[xyz] Maliki receives the ambassadors of permanent members in Baghdad. 14/03/2013 11:50:00 BAGHDAD / NINA / Prime Minister Nuri al-Maliki received the ambassadors of the permanent members of the UN Security Council to Iraq. A familiar source said that during the meeting they discussed the regional and international political situation. http://www.ninanews.com/english/News_Details.asp?ar95_VQ=GGJLKK
[xyz] Central Bank demands to ease the sale of hard currency measures to support the exchange rate of the dinar 14-03-2013 11:37 AM Baghdad (news) .. Refer economist Salim al-Daini, the reasons for increase in the exchange rate of the dollar against the dinar to the measures taken by the central bank in the sale of hard currency, describing it as a complex procedure and is supportive of the Iraqi dinar. Daini said (of the Agency news): The central bank is responsible for reducing the exchange rate of the Iraqi dinar against the U.S. dollar, because of the complex procedures for the sale of hard currency in the auction. He added: You must reduce checks and routine procedures in the specialized bank auction for the sale of hard currency, to allow for the greatest possible number of banks and companies buy currencies and available in the market, and not restricted to a specific destination without the other. He pointed out: the new regulations issued by the cent
http://www.ikhnews.com/
http://www.ikhnews.com/index.php?page=article&id=78009
[wanda] xyz wow! ty
[Plowboy] xyz not sure what all that means. It kind of hints at some kind of reval
[wanda] xyz gm and thanks for the posting wow!
[Plowboy] wanda what did you get out of that that gives you a lift
[wanda] Plowboy sound like rv
[Plowboy] wanda hope so
[xyz] CBI continues closely and changes in exchange rates in the domestic market and the high price of foreign currency in the secondary markets in Iraq 03/14/2013 http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fwww.cbi.iq%2Findex.php%3Fpid%3DHome%26lang%3Dar
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KTFA: kgrace wrote on March 13th, 2013, 7:03 pm:First Post on First Page Question I know we are watching CBI for RV can it happen anytime or only during business hours for Iraq?
Hi Kgrace….We look for this change in value “more than likely” at the start of their business day in Iraq on the CBI site between 2 am and 4 am Eastern Time…. when this “does happen” this is where we will find the new rate: http://www.cbi.iq
Hope this helps! Purifiers
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[duffy] Are you all excited . Okie is up and waiting on final approach. TK says Rv in process going East to West at rate of $ 7.77. Says VND in first basket. He got screen shot frm his WF banker showing same. Woo Hoo.
Refer economist Salim al-Daini, reasons to increase the price of the dollar against the dinar to the measures taken by the central bank in the process of selling hard currency, calling it a complex procedure and is supportive of the Iraqi dinar.
Salim al: (Iraqi) government will collapse before the parliamentary elections
The time on Wednesday, 06 March / March 2013 09:15 | |
Baghdad / Orr News
Deputy senior Iraqi List, said the convictions of key leaders mixed on the withdrawal of its ministers from the government, revealing that the ministers of science and agriculture will be submitted resignations during the day, explaining that the incompatibility Najafi and al-Mutlaq and Allawi will lead to the disintegration of existing officially before the next parliamentary elections.
Said Saleem al-Jubouri, MP for the Iraqi List, “there is no conviction identical within the Iraqi List, Some supported return, and some of them supported the resignation, and others with the final withdrawal,” revealing that “the coming days will witness the resignation of a new two ministers are Minister of Science and Technology (Abdul Karim al-Samarrai) The Minister of Agriculture (Izz al-Din State). ”
He Jubouri “which dates back to the government and our ministers means leaving the Iraqi List, because it went without media list,” adding “From the beginning I was against the withdrawal is considered, because it may not lead to clear results, but coming back individual is a bigger problem.”
And between the Iraqi List MP said that “the list will change its map in the future according to new alliances, which gradually turn to a group of political formations opposing sometimes,” noting that “Najafi now has formed a political, and Saleh al-Mutlaq also has formed, and Iyad Allawi, like them, and difficult that blends these with a single project. ” He Jubouri said: “but will not announce the split now, has Asamadon within the general framework until after the local elections, but before the parliamentary elections will have something else.”
uragency.net
2-28-13 Arthur: Article quote: “Biden expressed his deep commitment of the United States and Permanent toward the United States partnership with Iraq under the Strategic Framework Agreement signed between them,
“IN LIGHT OF EVERYTHING ELSE WE HAVE SEEN IN THE LAST FEW DAYS, THAT THE UNITED STATES IS RENEWING THESE COMMITMENTS SIGNED IN 2009 AT THIS TIME IS INTERESTING AND NOTEWORTHY. …
THE AUTHORS OF THE PLAN [ARE] USING THE STRATEGIC FRAMEWORK AGREEMENT TO GUIDE IRAQ TO ITS PROSPEROUS DESTINY, THE IMPLEMENTATIONS OF WHICH MUST INCLUDE A STRONG, INTERNATIONALLY TRADED, REVALUED IRAQI DINAR.
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Read More Link On Right
Also look at the precious metals. People are selling off and investing in the stocks, which accounts for the rise of the Dow and S&P. If what we heard in the past about the metals dropping is an indicator, all we need to know is at what point do they want it? Just some pondering information.
2-28-13 Mountainman: Finally some positive news about the HCL. It looks sometime between now and the next few months it will be resolved. It’s directly connected to the passing of the budget and should follow shortly after. Everything is falling into place. Most likely in the order of Budget, HCL, RV/RI/Float, Chapter VII then WTO.
“Oil and gas law will pass before the middle of this year. A member of the Committee on Energy and Oil parliamentary Furat al-Shara “The oil and gas law will pass before the middle of this year.”
“The approval of the federal budget of the state during the next few undoubtedly will usher in approving important projects, including oil and gas law,” noting that “out of the crisis the federal budget and Ashkalyatea will establish out of the crisis of the oil and gas.”
“It’s after the completion of the necessary budget will be the political blocs during the next few months serious and clear to approve oil and gas law, which establishes a common understanding and transparent between the central government and Iraqi Kurdistan and to the nature of the relationship between investment companies and local companies.
Our exit from the crisis that we live in Salim will be key to get out of other crises.” http://alrayy.com/75418.htm
2-28-13 Sherlock: We’ve been talking about what Iraq can become for years. Question is what are they now. What are they NOW. That’s the question. They are a country that has came a long way from 2002 pulling down saddams statues and so on. These people are sharp dont underestate them.
Of course they’re going to pump oil. What are they up to right now? I can say this, they’re up to something. What that is, is for them to know and for us to find out.
Dig a little deeper lets find the real reason they want to keep there currency at such a low value. OR do they want to run with the big dogs. The US, EUROPE, you know the countries that play by the rules.
Although the rules are created by them which is oh so convienent. Is that what they want? Play with the big dogs or do they want to stay on the porch. With let’s say Iran, Pakistan and a few others. It’s up to them.
It’s just when do they want to start playing with the big boys. We’ve been teaching them. Schooling them showing them helping them feeding them clothing them so what’s in it for us. The US.
Well that’s yet to be seen so I say come on Iraq put your dancing shoes on and lets dance. Not in the high school gym. Out on the worlds stage where all the hot lights are shining down on you. Come out of the darkness and into the light don’t be scared.
What’s the worst that can happen. You FAIL really. Look at us here in the US. Like we’ve never failed please. That’s cost of admission. That’s the chance you take you can’t win or lose until your in the game.
And right now Iraq is still on the bench. Waiting to get a chance to play. I say batter up come on batter batter batter come on batter batter batter SWING. Right now there in the on deck circle. They’ve got a big bat in their hand all they need to do is step up to the plate and connect. JMO
2-28-13 OutOfTheWoods: If they’re going to outlaw the sale of foreign currency (within most major banks) and the smart card allows international access, this would cause me to think more people would be reliant on the value of the dinar to pay for goods and services outside of Iraq (for Iraqi’s of course), and considering the present value, they wouldn’t be getting much…unless..
These smart cards will likely start in Iraq and make their way here to the U.S and Europe in the near future. Watch for them. Iraq is setting the stage for a new financial system being put in place.
This card is set to have the most sophisticated security and usage in the global financial system. Also if they want to use the dinar outside of Iraq 1166 just isn’t gonna cut it International is key, come on Iraq show us what you got. Stryker Blog – Comment
2-28-13 TrinityeXchange: I’ve always stated that this IS the hinge pin of our investment. I love it when we continue to confirm our commitment to the strategic framework agreement.
“Biden confirms the commitment of the United States Strategic Framework Agreement signed with Iraq. Biden expressed his deep commitment of the United States and Permanent toward the United States partnership with Iraq under the Strategic Framework Agreement signed between them.”
“The talks focused on the regional developments and common interest between the United States and Iraq in establishing peace and security in the region. This meeting is the latest in a series of periodic consultations and intense that take place between the two countries on all issues of common strategic importance.” Article/Comment http://www.ikhnews.com/
