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  1. #1
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    Smile CBI has new plan to raise the exchange rate of the Iraqi dinar to start in early June

    Finance Committee Member: CBI has new plan to raise the exchange rate of the Iraqi dinar to start in early June

    Posted: May 25, 2013
    Created on Saturday, 25 May 2013 11:59 | |
    Baghdad / Orr News
    A member of the parliamentary Finance Committee that the central bank told us that he will implement a new plan to raise the value of the Iraqi dinar exchange either the U.S. dollar.
    A member of the Committee Faleh Djiashi, that “the central bank told the parliamentary Finance Committee that an action plan will begin to apply early next June, would be enough to raise the exchange rate of the Iraqi dinar against the U.S. dollar.”

    He added that “the central bank works to reduce the number of companies that deal with it and put the money in the auction which will lead to a reduction in the value of the dollar and reliance on monetary policy open without complicated procedures and controls and a wide open field in front of the government banks.”

    The Finance Committee has announced the formation of a small committee composed of three deputies to monitor Srvaldanar of Iraq against the dollar, stressing that the practical measures undertaken by the central bank last week led to address the problem gradually.

    The parliament may ضيفت week current governor of the Central Bank and the Agency Abdul Basit Turki and discussed with him the reasons for the high price of the dollar against the dinar.

  2. #2
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    so the dinar is going to trade freely on the FOREX ?

  3. #3
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    why would they advertise a rv????

  4. #4
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    Just by mentioning the intent to raise the value, even if it's a pip or two, dinar holders will continue to hold them. This will reduce the demand for foreign currency and slow the devaluation of the dinar.
    "There are plenty of reasons NOT to buy the Iraqi dinar this year, and plenty of great reasons to buy renminbi instead. So I say stick to the currencies that have value, and leave the dinar for the speculators who don’t know any better." Sean Hyman
    Editor, Currency Cross Trader

  5. #5
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    Quote Originally Posted by Will-it-happen? View Post
    so the dinar is going to trade freely on the FOREX ?
    Absolutely not!!!!!!!!!!
    Get a free first class world education here. http://www.khanacademy.org/

    We are all born ignorant, but one must work hard to remain stupid. - by Franklin, Benjamin.

  6. #6
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    Moving the PIP's would reduce the need to carry a wad of bills.
    "A man only learns in two ways, one by reading, and the other by
    association with smarter people." --Will Rogers

    "We're all ignorant, just on Different Subjects." --Will Rogers

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