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Thread: Are there currency dinar really?

  1. #1
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    Are there currency dinar really?

    Are there currency dinar really?

    21/7/13, 12: 00 am
    Yasser Metwally


    The Association of private banks had succeeded in Iraq pulling the rug out from under those who tried to damage the reputation of the Iraqi private banks with the intention of taking advantage of an opportunity without or with view to the bank crisis and its repercussions and that dependence on the new administration, led to the creation of a gap between them and the banks what befuddled new reforms and make them wallow in resolutions and swift action not be useful.

    The economic crisis has dealt with morning contrived calmly and carefully to clear the air and make the reform process and processors going in full swing after the Central Bank Governor Abdel Basset Turki on time that much of the criticism sounds for monetary policy coming from non-professionals, insult and hear proposals from experienced and competent economists, invested this morning economic opinion and entered the initiative which called for central banks to view hearing proceedings prior to their imposition, approval And see the possibility of implementation and deal with banks on the basis that a sponsor has been the Central response to this laudable proposal led to closing the gap return correct relationship led to successes register for central processing throttling Iraqi exchange market and its further ups the dollar fails to include it.

    But our new theme from my perspective as an observer that these developments had League invested sit at a table working breakfast with the participation of all Government and private banks, the meeting turned into a broad assessment and Chief of the monetary and financial policies reached by the meeting to the convictions of the importance of joint action and create meaningful partnerships between Government and private banks and issued a platform meeting proposals lead to a real contribution to the economic development and reform.

    It should be noted that the Association's recent successes were the result of the role played by the bitter melon and arm Member sherwan in picking up the role of the Association in coordination with the Chairman and CEO of Chalabi goldfinch Falt results to the correction in the goal.

    These national efforts have managed to restore power to the Iraqi dinar currency predominated and we hope the new management policy for the Central Bank, in cooperation with the banks back to planning drawn up by the Department in the delivery of the dollar exchange rate to 100 dinars, offset by $100 as a progressive but the crisis provoked in time and circumstances have prevented the regional goal, lost aldolarbtzebzabat continuous distance goal, and now I clearly awaken to revive this goal through such constructive cooperation to become the value of the Iraqi dinar $ Offset this objective not far if we let specialists work together without their confusion is not a competence of the statements by the other.

    These dreams may seem difficult but achievable if our actions were accompanied by selflessness is not difficult and the hope of the Government and private banks to follow procedures and implementation across the Central Bank discussed together and to other successes to achieve the goal of the Iraqi economy robust and reliable to be Tiger VII to great potential in Iraq and requiring sound management and efficient and this is not difficult aubaid elusive.


  2. #2
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    $1 = 100 iqd . This's is the first time I've seen this figure from Iraq.
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  3. #3
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    I seen that,is it a 1 zero lopish.

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    Approximately so, at least that is how I interpret it.
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    "These national efforts have managed to restore power to the Iraqi dinar currency predominated and we hope the new management policy for the Central Bank, in cooperation with the banks back to planning drawn up by the Department in the delivery of the dollar exchange rate to 100 dinars, offset by $100 as a progressive but the crisis provoked in time and circumstances have prevented the regional goal, lost aldolarbtzebzabat continuous distance goal, and now I clearly awaken to revive this goal through such constructive cooperation to become the value of the Iraqi dinar $ Offset this objective not far if we let specialists work together without their confusion is not a competence of the statements by the other."

    ??????? 1 = $100 ???????
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  6. #6
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    No, eventually $1US = 100 dinars which will "offset" to $100. so Basically 1:1

  7. #7
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    offset?

    so are you saying a gradual or not so gradual appreciation to 100:1 and then a quick RV? Or perhaps instead of an RV at that point a lop of the remaining 2 zeros?
    Last edited by RoyalBeluga; 07-21-2013 at 09:17 PM.
    :thinking: what, no blini? :headbang:

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    Did someone say that they were going to Drop 3 O's from the EXCHANGE RATE.

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