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  1. #1
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    June 2013: Secret procedures for recovery of the dinar against the dollar! RV!!!

    June 2013: Secret procedures for recovery of the dinar against the dollar.

    Posted: May 31, 2013 in Iraqi Dinar/Politics
    Tags: Central bank, Central Bank Iraq, exchange rate, Finance Committee, Iraq, Iraqi dinar, Letter of credit, United States Senate Committee on Finance

    Screen Shot 2013-02-16 at 12.22.47 PM30-05-2013

    With the continuing decline of the dinar against the dollar since the Central Bank sales and change management, informed sources said that the Central Bank will start next month with the opening of documentary credits in banks to the dollar exchange rate dinar to normal and prevent a recurrence of the situation of exchange rate volatility.

    He said economic expert close to the Bank’s future today (Wednesday 19 may 2013) “the Central Bank decided to start procedures to limit the dollar’s rise versus the dinar including opening documentary credits in Government and private banks», indicating that the Bank now refuses to disclose details of some procedures as will be confidential for fear of exploitation of some of the beneficiaries of an auction to sell the currency.

    The expert added that the Central Bank hopes to make the exchange rate under (120) DT through new procedures which will begin next month.

    And the value of the Iraqi dinar fell gradually during the past few weeks, bringing the price of the dollar to around 1290 DT was stable at 1210 and is the highest rate of exchange-rate mechanism for the last two years.

    Attorney Haytham said that the CBI informed the parliamentary Finance Committee that will begin next month with the new measures to reduce the high dollar against the Iraqi dinar.

    Al-jubouri said the parliamentary Finance Committee informed the Central Bank of Iraq to support its all in the high limit of the dollar against the Iraqi dinar.

    The parliamentary Finance Committee daift this month Central Bank Governor Abdel Basset Turki Agency and discussed the reasons for the high rate of the dollar against the Iraqi dinar without announcing details of what was achieved in this regard.

    http://bit.ly/Zy219t
    Last edited by copper13; 05-31-2013 at 08:48 PM.

  2. #2
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    CBI to implement plan in June to raise the exchange rate of the dinar against the dollar

    Posted: May 31, 2013 in Iraqi Dinar/Politics

    Tags: Abdel Basset Turki, Central bank, exchange rate, Finance Committee, Iraqi dinar, Monetary policy, United States dollar, United States Senate Committee on Finance

    2 articles

    Published on Saturday, 25 May 2013 20:25

    in the parliamentary Finance Committee that the central bank told us that it will implement a new plan to raise the value of the Iraqi dinar against the U.S. dollar.

    A member of the Committee Faleh Djiashi’s (IMN) said that «the central bank told the Finance Committee representative that an action plan will begin to apply early next June, will be capable of lifting Iraqi dinar exchange rate against the U.S. dollar«.,

    And added that «the central bank to work on reducing the number of Companies that deal with it and put the money in the auction, which will reduce the value of the dollar and reliance on monetary policy open without procedures and controls are complex and open wide field in front of the government banks «.

    announced that the Finance Committee for the formation of a small committee consisting of three deputies to monitor the exchange rate of the Iraqi dinar against the dollar, confirmed that the actions of the process carried out by the Central Bank last week led to address the problem gradually.

    The Parliament had guest this week and central bank governor Abdul Basit Turki agency and discussed with him the reasons for the high price of the dollar against the dinar.

    http://bit.ly/11sZB6b



    CBI begins next month, the application of measures to reduce exchange rate volatility

    Confirmed the parliamentary Finance Committee, Wednesday, the Central Bank of Iraq next month will begin implementation of a package of measures designed to restore the exchange rate of the dollar against the Iraqi dinar to normal to prevent a repeat of the case of exchange rate volatility.

    And plunged the value of the Iraqi dinar gradually over the past weeks to reach the price per dollar to about 1129 dinars after it had been stable for 1120, the highest rate up to the exchange rate during the past two years.

    Committee member said Haitham al-Jubouri’s “Twilight News” that “the CBI told the Finance Committee that will begin next month, the application of measures to curb the rise of the dollar against the Iraqi dinar, and some of these measures did not disclose the details they will be strictly confidential.”

    Jubouri explained that “one of the most prominent measures that the Iraqi Central Bank will begin to apply is to open letters of credit in the government and private banks,” noting that “the Finance Committee has informed the Iraqi Central Bank support for all procedures in reducing the rise in the dollar against the Iraqi dinar.”

    The Finance Committee has ضيفت this month and central bank governor Abdul Basit Turki agency and discussed with him the reasons for the high price of the dollar against the Iraqi dinar.

    http://bit.ly/11fVEGl

  3. #3
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    WoW! CBI announces they are going to change the rate possibly as soon as tomorrow, and no responses? tough crowd!

  4. #4
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    Quote Originally Posted by copper13 View Post
    WoW! CBI announces they are going to change the rate possibly as soon as tomorrow, and no responses? tough crowd!
    ok ok ,today is the first of June, anything happened ?

  5. #5
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    I would have gotten a lot more excited but, no where did I see the word "SOON" so without their definitive time line of "SOON" I think it may all just be hype!!

  6. #6
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    They don't know, it's a secret.
    "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

  7. #7
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    CBI to implement plan in June to raise the exchange rate of the dinar against the dollar

  8. #8
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    Quote Originally Posted by copper13 View Post
    CBI to implement plan in June to raise the exchange rate of the dinar against the dollar
    ahhhhhhhhhhhhhh but what June ?

  9. #9
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    First article said JUNE 2013......

  10. #10
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    Hey Copper, We only have 29 days to confirm or dispel the latest bizarre statement from the CBI. I think what's left of the 'ole timers' like us are numb to these third world crooks. Until someone whacks or forces Maliki and his top thugs out of office, nothing can or will happen for the good in Iraq. Once again, another international debacle compliments of Obummer & Company but what can one expect when Joe Biden is 'Our Man In Havana'?

    p.s. Good to see you on the forum....
    The POTUS, Barack Hussein Obama, (aka Barry Soetoro) continues to prove that he is now the MOTUS - Marxist of the USA with much more collateral damage yet to come.

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