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copper13
03-14-2013, 03:29 PM
CBI announces its intention to take decisions in order to achieve stability of the exchange rates of foreign currencies
Posted: March 14, 2013 in Iraqi Dinar/Politics
Tags: Board of Directors, Central bank, Central Bank Iraq, Currency, Economy of Iraq, exchange rate, Iraq, Iraqi dinar

Published on Thursday, March 14 / March 2013 12:48

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.

The bank said in a statement obtained by “obelisk”, a copy of which he was “closely following the changes in exchange rates in the domestic market and the high price of foreign currency in the secondary markets in Iraq regardless of the reasons for these changes and sources and intentions manipulated, the Bank remains is responsible for stability and commensurate with concern for the stability of the dinar exchange rate according to the data of the Iraqi economy. “

He Bank to as “the process of implementing a number of decisions taken by the Board of Directors, which aims to achieve this stability,” adding that resort to making these decisions comes “in order not exposed stakeholders real and legitimate business investors to damage can cause بنشاطهم economic by the expected change of prices for what is prevalent in the past few days. “

Experiencing the Iraqi market since the fluctuation in the exchange rate of the Iraqi dinar against the U.S. dollar, recording an increase on the price set by the Central Bank of Iraq, while Economists attributed the rise in the price of the dollar against the dinar to the increasing demand for it.

http://bit.ly/ZC5pdn

copper13
03-14-2013, 03:31 PM
CBI announces new decision to reduce exchange rate of foreign currency in Iraq
Posted: March 14, 2013 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Currency, exchange rate, Foreign exchange market, Iraq, Iraqi dinar, Monetary policy

CBI announces near new decisions to reduce the high rate of foreign currencies

Iraqi Central Bank announced on Thursday that it was taking a number of new decisions that will change the exchange rate of foreign currencies against the Iraqi dinar and thereby contributing to its stability in the currency market.

The bank said in a press statement received / Baghdadiya News / copy of “Central Bank and after follow-up floury to the high exchange rate of foreign currency in the secondary markets in Iraq, tends to take many new decisions to maintain the stability of the exchange rate of these currencies in the market.”

The bank said that “the announcement of the near making these decisions by the Bank comes to warn dealers to trade currency, investors and men for taking Ahitatathm to the Aatatroa this change in the exchange rate.” Adding that “the exchange rate change would be different from the current prevailing prices of foreign currency against the Iraqi dinar.”

The price of foreign currency, especially the dollar has witnessed over the past period a remarkable increase in secondary markets as a result of monetary policy the current government and economic instability in the country

http://bit.ly/13XNtkp

copper13
03-14-2013, 03:34 PM
Economist: CBI demands to ease the sale opf hard currency measures to suport the exchange rate of the dinar
Posted: March 14, 2013 in Iraqi Dinar/Politics
Tags: Basra, Central bank, Currency, exchange rate, Hard currency, Iraqi dinar, News agency, United States dollar

March 14, 2013 12:06 Last updated: 14 Mar 2013 12:06

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.

Alternate translation
Economists: Central Bank demands to ease the sale of hard currency to support the dinar exchange rate
14 March 2013 12: 06 pm Last update: 14 Mar 13 12: 06 pm

Return the Economist Salim Al-daini, the reasons for the increase in the dollar exchange rate for the dinar to the actions taken by the Central Bank in the process of selling hard currency, describing it as cumbersome and non-supportive of the Iraqi dinar.

He said Al-daini (News Agency): the Central Bank has a responsibility to reduce the Iraqi dinar exchange rate against the US dollar, due to the complex procedures for the sale of hard currency in Basra.

He added: we must reduce routine controls and procedures in the auction Bank to sell hard currency, to allow for the largest possible number of banks and companies purchase currencies and available in the market, and not restricted to a particular hand.

He noted: the new regulations issued by the Central Bank to prevent a lot of companies get hard currency banking leaving there is growing demand for buying the dollar on the market, leading to greater price.

http://bit.ly/15OjU2Q

Captain Kirk
03-14-2013, 06:25 PM
This whole ordeal has become like the little boy who cried wolf. No one takes this seriously. Thanks for the post though Copper!

Dinar Index
03-14-2013, 06:45 PM
Thanks Copper!!! Your right Captain Kirk there was a time I would get excited after reading similar articles now I just think "get on with it".. whatever your going to do!!!

copper13
03-14-2013, 06:47 PM
UN urges Iraq to remove all obstacles to boundary project with Kuwait by end of the month
Posted: March 14, 2013 in Iraq: Chapter VII, Iraqi Dinar/Politics
Tags: Baghdad, Ban Ki-Moon, Government of Iraq, Iraq, Kurdistan Regional government, kuwait, United Nation, United Nations Security Council
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 boundary maintenance mechanism to take over the United Nations responsibility in line with Security Council resolution 833 of 1993,” Ban added.

He also urged the Government of Iraq to concur with the United Nations proposal to transfer the funds for the compensation of Iraqi private citizens pursuant to Security Council resolution 899 of 1994 as soon as possible.

In this regard, Ban said “the Government of Iraq announced on November 29 that it would update the list of recipients eligible for compensation. However, the Government has yet to respond to the proposal by the United Nations to transfer the funds for that purpose in the soonest possible manner”.

The UN formally launched the field maintenance work on January 14, in the presence of representatives from both countries.

“Both sides committed to take the necessary steps to ensure that the work is completed by the set deadline of 31 March. At the time of reporting, the work is on schedule and the Government of Iraq has started to remove the obstacles between boundary pillars, with the notable exception of the residential constructions in the Umm-Qasr area,” he said.

The report was apparently written before Monday’s incident in which a number of Iraqi demonstrators attacked border security personnel to hinder the work of the project.

The issue will be raised by the UN Special Envoy for Iraq Martin Kobler when he briefs the Security Council on March 21 in the afternoon.

Ban welcomed in his report the “continued progress” towards the full normalization of relations between Iraq and Kuwait. “I continue to believe that a historic opportunity is at hand in this regard. I call upon the Government of Iraq to fulfill all its outstanding obligations under Chapter VII without further delay”.

He also expressed hope that the recent “positive developments” in relations between Iraq and Kuwait would enable the issue of the return of Kuwaiti and third-country nationals and property to be resolved in a “timely manner,” and the Security Council to consider the exit by Iraq from its obligations under Chapter VII of the Charter of the United Nations.

On the crisis in Syria, Ban said it continues to have a “serious political, security and humanitarian impact” on Iraq, and thanked the Iraqi Government for its generosity and hospitality towards the 96,270 Syrian refugees who have been registered or are awaiting registration seeking protection in Iraq, calling on Member States to extend their financial commitment for an adequate response to the crisis.

Ban said he remains concerned by increased tensions in Iraq, in particular since the emergence of protests in western parts of the country.

“I urge the Government of Iraq to continue to exercise maximum restraint in dealing with the demonstrators, who in turn should continue to express their demands peacefully. I strongly encourage the Government of Iraq to promptly investigate allegations of human rights violations in a transparent manner,” he urged.

He said he remains equally concerned about the continued volatility in relations between the Government of Iraq and the Kurdistan Regional Government, urging them to resume dialogue, and reminding them that transparent and accountable power- and resource-sharing are essential for ensuring further political stability, economic growth, and prosperity for all.

“There is no alternative to peaceful coexistence in a united federal Iraq,” he insisted.

Ban noted that UNAMI and the UN Country Team continue to be “adversely affected” in their ability to undertake mandated activities due to the “continuing absence of a status-of-mission agreement,” appealing once again to the Government to take the steps necessary to ensure the agreement be brought into force without further delay.

http://bit.ly/15OSWYS

BatmaninIraq
03-14-2013, 08:14 PM
Fixing the issues with Al Warka Bank then I know the RV will come because they need AL WARKA for these....

JWing
03-15-2013, 03:02 AM
You realize that Maliki is opposed to any revaluation of the Dinar and that means there will be no revaluation.

copper13
03-15-2013, 04:42 AM
Its news articles.... take them for what they are worth? Better than guessing?

Borage
03-15-2013, 01:43 PM
You realize that Maliki is opposed to any revaluation of the Dinar and that means there will be no revaluation.

People were adamantly claiming for months that Warka was dead and all depositers and investors had lost their money...where are those people now?

Fishindinar
03-15-2013, 03:29 PM
JWing I'm sure Maliki wanted a higher dinar value.

Will-it-happen?
03-15-2013, 04:56 PM
People were adamantly claiming for months that Warka was dead and all depositers and investors had lost their money...where are those people now?

still here waiting for their cash and shares

BatmaninIraq
03-15-2013, 09:47 PM
still here waiting for their cash and shares


People were adamantly claiming for months that Warka was dead and all depositers and investors had lost their money...where are those people now?

MARKED this that they will not AL WARKA's DOWN because a lot of Americans and other foreigner involved with this investment, SOMEONE helps them to win for a better returns

JWing
03-16-2013, 02:08 AM
No, he has consistently said that he is against raising the value. Maliki has said he's against it, his aides have repeated the point, and in April 2012 the cabinet issued an order to freeze any changes to the dinar. Later it was revealed that order came directly from Maliki and did not include the cabinet. It was a major point of contention with the CBI and might have played a role in the arrest warrant for the CBI head.

See:

http://musingsoniraq.blogspot.com/2012/10/surprise-charges-against-central-bank.html

Screaming Eagle
03-16-2013, 08:08 AM
CBI announces its intention to take decisions in order to achieve stability of the exchange rates of foreign currencies
Posted: March 14, 2013 in Iraqi Dinar/Politics
Tags: Board of Directors, Central bank, Central Bank Iraq, Currency, Economy of Iraq, exchange rate, Iraq, Iraqi dinar

Published on Thursday, March 14 / March 2013 12:48

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.

The bank said in a statement obtained by “obelisk”, a copy of which he was “closely following the changes in exchange rates in the domestic market and the high price of foreign currency in the secondary markets in Iraq regardless of the reasons for these changes and sources and intentions manipulated, the Bank remains is responsible for stability and commensurate with concern for the stability of the dinar exchange rate according to the data of the Iraqi economy. “

He Bank to as “the process of implementing a number of decisions taken by the Board of Directors, which aims to achieve this stability,” adding that resort to making these decisions comes “in order not exposed stakeholders real and legitimate business investors to damage can cause بنشاطهم economic by the expected change of prices for what is prevalent in the past few days. “

Experiencing the Iraqi market since the fluctuation in the exchange rate of the Iraqi dinar against the U.S. dollar, recording an increase on the price set by the Central Bank of Iraq, while Economists attributed the rise in the price of the dollar against the dinar to the increasing demand for it.

http://bit.ly/ZC5pdnThis article is referring to the increase in the market rate verses the pegged CBI rate of 1168. The market rate has slowly crept back up to 1255 and is unstable. The CBI trying to take steps to stabilize the dinar in the secondary markets where it is being devalued. If this is a RV its going the wrong way!!!!!!

English Bob
03-19-2013, 12:07 PM
People were adamantly claiming for months that Warka was dead and all depositers and investors had lost their money...where are those people now?


Borage...................until you can get your hands on your money Warka is still dead or might as well be JMHO

EB

JordanDinar
03-19-2013, 12:14 PM
Surely Iraq would rather their currency lose value rather than increase RV. That way their huge debts are reduced instead of heightened.

Pretty basic knowledge to be honest. I do think there is room for some money to be made but no where near the amounts some of these brokers are saying.

Honestly have a bigger chance in the currency being deemed worthless and they start from scratch to it's value rising to half a dollar (or penny) or more.

Sorry but that is how it is. Also I know I am new to this thread but most of the links people use on here for info is just poor. You can make a profit though, but this will take as long as Vietnam or longer (40+ years)

Ringworm
03-19-2013, 04:49 PM
Its a lop. I finally figured it out.

Fishindinar
03-19-2013, 05:08 PM
Jordan Dinar I said the same thing about the comparison of Vietnam and Iraq some time last year. The oil companies will keep pumping the oil regardless of what the country does.

JordanDinar
03-19-2013, 05:38 PM
Jordan Dinar I said the same thing about the comparison of Vietnam and Iraq some time last year. The oil companies will keep pumping the oil regardless of what the country does.

I agree with this, however that won't make a huge difference on an exchange rate. If they suffer from inflation which they do it will only get weaker. As for Vietnam they have far too many unemployed people to actually make their currency rise. Similar to Iraq however they have more concepts.

If there currency got reset say to 1-1 they would be in mass debt far greater than what they are in now. That is 100% truth. I work in a FOREX company myself so have been able to see first hand how currencies get RV and de appreciate over time. Right now the Euro market is the most wisest investment. Made a nice killing thanks to Cyprus and Spain.

However I still do believe in 10 or so years time the IQD will be worth more, just not this 900% I keep hearing from brokers.

@Fishindinar please send me a inbox sometime so we can discuss this further.

Thank you to those who read.

Fishindinar
03-20-2013, 12:59 PM
Iraq will only manipulate their currency if an extreme situation occurs, but with the oil flowing nothing will happen.