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  1. #1
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    Oct 2004

    World Bank restructure the Rafidain and Rasheed in order to raise the value of the Ir

    World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar

    BAGHDAD / obelisk: counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed "It's an important step was waiting for Iraq to raise the value of the dinar."

    Said Shukri for "obelisk", "The announcement of the World Bank to begin implementation of its plans to restructure the Rafidain Bank and Rasheed Bank government is an important step had been waiting Iraq," noting that "financial welcomed move the World Bank in this direction because this restructuring will ensure the country make the most of these institutions big human Bakdarathma and expertise accumulated by the cadres and joint coordination to guide these estimators. "

    He added that "the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan," explaining that "the banking sector is suffering in general laziness around to institutions consumer is active in the financial sector the most traffic The boom in the economy in general. "

    He pointed out that "the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything."

    Noteworthy that the second Gulf War led to a decline in the value of the Iraqi dinar in an unprecedented way to reach the Iraqi dinar to 0.144 U.S. dollars, which led to cripple the banking sector until the year
    Consensus is the absence of leadership-Margaret Thatcher
    Concentrated power has always been the enemy of liberty.
    Ronald Reagan

  2. #2
    Supporter and Investor! PennStateMtnMan's Avatar
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    Aug 2004
    Central Pennsylvania
    Please tell me this is not a tease.

  3. #3
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    May 2005
    Thailand, now in Mexico
    Hey Penn State, Dinarking here. I sure hope this is true!!!!! ARH777 usually finds some good articles.
    Success Comes In Cans...Not In Cannots.

  4. #4
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    Oct 2006
    I wouldn't put too much credence in this report; everyone is still waiting for political stability as mentioned in the last line. That won't happen in the current environment with Maliki running roughshod over everyone.
    "I have nothing to offer but blood, toil, tears and sweat." - Sir Winston Churchill

  5. #5
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    May 2006
    Thank you arh777, I always enjoy your posts.

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