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  1. #1
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    09-30-2013 dinar news 1:1 within the next 4 years???? Float....

    Iraq’s currency reserves and what it means for the life of the citizen; Stability and an increase in exchange rate

    Posted: September 29, 2013

    The Central Bank of Iraq, as in other countries of the world, the management of the national currency and maintain the value and size of rolling them.The central bank also oversees the commercial banking system. Unlike the Commercial Bank, the central bank has a monopoly to increase the money supply in the country or be reduced, which is that prints paper currency and metal coin.
    The central bank controls the quantity of money supply through mechanisms such as setting interest rates and be the last resort to support the banking sector in troubled times and financial crises.
    Among the most important functions of the central bank to maintain the value of the national currency and protect it from fluctuations.
    And kept the central bank to provide cover for the national currency to build up the country’s foreign exchange and gold, for example. indicated that the Iraqi Central Bank as an institution has succeeded generally in this task until he level of efficiency is almost to be an island in a sea of inefficiency compared with other institutions, service was or productivity.
    The central bank kept at this level, although he suffered tremors before the period and attempts to undermine its independence.
    The bank announced recently that the reserves of Iraq’s foreign exchange and gold amounted to about $ 80 billion, compared with approximately $ 74 billion in June.
    said the central bank governor Agency Abdul Basit Turki in an interview that this increase is due to the high price of oil on world markets expected to increase the reserve in the the coming months as well.
    Radio Free Iraq met a former adviser to the Central Bank of Iraq the appearance of Mohammed Saleh, what this means the size of the cash reserve explained that sovereign wealth offer strong protection for the Iraqi dinar as well as securing months import of approximately 12 months, compared with 6 months in the past, but this extreme importance if we know that Iraq imports almost everything. predicted a former adviser to the central bank that reflected such a cover strong that provided by foreign exchange reserves of the national currency in the high purchasing power of the Iraqi dinar.
    member of the Economic Commission parliamentary Mahma Khalil noted that the increase in the reserve by the Iraqi build basket foreign currency and gold as well as an investment portfolio of Iraqi assets in the financial centers task such as London, Paris and New York means the success of the monetary policy pursued by the central bank.
    predicted MP Mahmh Khalil to go up the value of the national currency accumulated balance of the sovereign so that the Iraqi dinar equivalent to the U.S. dollar within the next four years (where Iraq plans to increase its oil production to 8 million barrels per day by the year 1917, also said a member of the Economic Committee of Parliament.
    stressed Mahmh Khalil on the importance of retaining the CBI باستقلاليته in order to continue its monetary policy sound calling on the government to stop its attempts to interfere in Bank’s policy, especially as the Constitution itself guarantee him this independence.
    Financial expert Majid picture cautioned that the presence of large reserves of foreign exchange alone is not enough to maintain the value of the national currency affected by external factors such as the volatility of oil prices, which sells for Iraq and the prices of goods imported by, and another Interior in the forefront of the security situation and consumerism with the government and the private together at the expense synergies product.
    Regarding the living conditions of the citizens, the reserve big foreign exchange means what it’s supposed stability of consumer prices, but parasites exploit usually the deteriorating security situation and political instability and ignorance dealers dinar and the dollar to increase prices various pretexts), as noted financial expert Majid picture.
    expected and the U.S. Agency for International Development late last year that leads the Iraqi economy, the economies of other Arab countries in the next five years.

    http://bit.ly/1hcSIyA

  2. #2
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    All IMO...but if it's going to take 4 years to get to a dollar exchange rate.....then why have they been so worried...and putting out so many articles....about the purchasing power already needing to be above the dollar's value?...so if I were an Iraqi.....I would just keep using dollars, at least until the dinar caught up with it...(as who wants to haul a pile of dinars around anyway, as has'nt this been a problem as well)...and has'nt the lower exchnage rate of the dinar been a delimna all along anyway...as they always say..(make the dinar stronger against the dollar)....This plan in this article would defeat the purpose of everything monetarily that they have been saying that they needed to do!...

    Is this just a smokescreen for us to see?...lol....


    P.S...This IMO, would be like the forty niner's gold rush, when everything was booming and everyone was moving in...did gold tank, or go up?...What caused the rush?....What causes the rush for oil as well?...Think about this, it's not a hard one to figure out!...lol...



    This information in this link below.....reminded me of what is going right now in Iraq...I like looking at how history sometimes repeats itself...hypothetical of course, and a fun reading, but does'nt the entire western desert of Iraq contain gold, diamonds and platinum..(at least as per some of the reports we have seen).....we have heard many times that Iraq is full of gold...and that it just has'nt all been tapped yet?...Not to mention many other resources and minerals!..I guess we will see?....

    http://www.csun.edu/~sg4002/courses/.../gold_rush.pdf

  3. #3
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    Thanks for sharing your OPINION 4aPROFIT

    Quote Originally Posted by 4aprofit View Post
    All IMO...but if it's going to take 4 years to get to a dollar exchange rate.....then why have they been so worried...and putting out so many articles....about the purchasing power already needing to be above the dollar's value?...so if I were an Iraqi.....I would just keep using dollars, at least until the dinar caught up with it...(as who wants to haul a pile of dinars around anyway, as has'nt this been a problem as well)...and has'nt the lower exchnage rate of the dinar been a delimna all along anyway...as they always say..(make the dinar stronger against the dollar)....This plan in this article would defeat the purpose of everything monetarily that they have been saying that they needed to do!...

    Is this just a smokescreen for us to see?...lol....


    P.S...This IMO, would be like the forty niner's gold rush, when everything was booming and everyone was moving in...did gold tank, or go up?...What caused the rush?....What causes the rush for oil as well?...Think about this, it's not a hard one to figure out!...lol...



    This information in this link below.....reminded me of what is going right now in Iraq...I like looking at how history sometimes repeats itself...hypothetical of course, and a fun reading, but does'nt the entire western desert of Iraq contain gold, diamonds and platinum..(at least as per some of the reports we have seen).....we have heard many times that Iraq is full of gold...and that it just has'nt all been tapped yet?...Not to mention many other resources and minerals!..I guess we will see?....

    http://www.csun.edu/~sg4002/courses/.../gold_rush.pdf

  4. #4
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    Quote Originally Posted by BatmaninIraq View Post
    Iraq’s currency reserves and what it means for the life of the citizen; Stability and an increase in exchange rate

    Posted: September 29, 2013

    The Central Bank of Iraq, as in other countries of the world, the management of the national currency and maintain the value and size of rolling them.The central bank also oversees the commercial banking system. Unlike the Commercial Bank, the central bank has a monopoly to increase the money supply in the country or be reduced, which is that prints paper currency and metal coin.
    The central bank controls the quantity of money supply through mechanisms such as setting interest rates and be the last resort to support the banking sector in troubled times and financial crises.
    Among the most important functions of the central bank to maintain the value of the national currency and protect it from fluctuations.
    And kept the central bank to provide cover for the national currency to build up the country’s foreign exchange and gold, for example. indicated that the Iraqi Central Bank as an institution has succeeded generally in this task until he level of efficiency is almost to be an island in a sea of inefficiency compared with other institutions, service was or productivity.
    The central bank kept at this level, although he suffered tremors before the period and attempts to undermine its independence.
    The bank announced recently that the reserves of Iraq’s foreign exchange and gold amounted to about $ 80 billion, compared with approximately $ 74 billion in June.
    said the central bank governor Agency Abdul Basit Turki in an interview that this increase is due to the high price of oil on world markets expected to increase the reserve in the the coming months as well.
    Radio Free Iraq met a former adviser to the Central Bank of Iraq the appearance of Mohammed Saleh, what this means the size of the cash reserve explained that sovereign wealth offer strong protection for the Iraqi dinar as well as securing months import of approximately 12 months, compared with 6 months in the past, but this extreme importance if we know that Iraq imports almost everything. predicted a former adviser to the central bank that reflected such a cover strong that provided by foreign exchange reserves of the national currency in the high purchasing power of the Iraqi dinar.
    member of the Economic Commission parliamentary Mahma Khalil noted that the increase in the reserve by the Iraqi build basket foreign currency and gold as well as an investment portfolio of Iraqi assets in the financial centers task such as London, Paris and New York means the success of the monetary policy pursued by the central bank.
    predicted MP Mahmh Khalil to go up the value of the national currency accumulated balance of the sovereign so that the Iraqi dinar equivalent to the U.S. dollar within the next four years (where Iraq plans to increase its oil production to 8 million barrels per day by the year 1917, also said a member of the Economic Committee of Parliament.
    stressed Mahmh Khalil on the importance of retaining the CBI باستقلاليته in order to continue its monetary policy sound calling on the government to stop its attempts to interfere in Bank’s policy, especially as the Constitution itself guarantee him this independence.
    Financial expert Majid picture cautioned that the presence of large reserves of foreign exchange alone is not enough to maintain the value of the national currency affected by external factors such as the volatility of oil prices, which sells for Iraq and the prices of goods imported by, and another Interior in the forefront of the security situation and consumerism with the government and the private together at the expense synergies product.
    Regarding the living conditions of the citizens, the reserve big foreign exchange means what it’s supposed stability of consumer prices, but parasites exploit usually the deteriorating security situation and political instability and ignorance dealers dinar and the dollar to increase prices various pretexts), as noted financial expert Majid picture.
    expected and the U.S. Agency for International Development late last year that leads the Iraqi economy, the economies of other Arab countries in the next five years.

    http://bit.ly/1hcSIyA


    How they get their is the most important bit and that is not explained..................is lop and slowly increase 1 to 1 (and that does not make sense with the statement as a 3 000 lop would make the dinar above 1 to 1 guess they could increase rate to 1000 to 1 then lop, but that means lop would be 4 years in coming) or slowly from current rate to 1 to 1 guess we will have to wait and see how they achieve this!!

    EB
    A day without laughter is a day wasted: Charlie Chaplin. :cheeky-smiley-025: :yelrotflmao:

    NO RV TODAY! MAYBE TOMMOROW! :shhh:

  5. #5
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    You are so right Engish Bob...and a LOP is not out of the question either.....as they can do anything that they want to do.....and that is where the risk lies...it always has since day one....

    But I am in line moreso to think that wealth follows wealth..or should we say wealth usually brings more wealth...as does'nt it typically?....Especially when there are the means to back it up?...And what we are looking at here, are the reserves of cash, the gold and pile's of other various resources...and last but not least...the entire world moving in for what?....Is there more of all of this than we were told about?...lol...


    I like what this one guy say's...this is from a recent comment on the blogs...how true on the numbers, who knows?

    (Quote: The only thing that is going to occur is the Iraqi Dinar returning to at least it's 1990 value of $3.22. Iraq possesses 37% of the world's oil, 637 trillion cubic yards of natural gas, a mountain made of diamonds and the world's biggest vein of gold has been discovered under the streets of Baghdad; and only 40% of the country the size of France has been surveyed. Do you really think that the Dinar will remain a sheet of toilet paper.)

    But, like you said English Bob..we will have to wait and see?...The jury is still out is'nt it?....

  6. #6
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    This sounds somewhat realistic to me. A lop in early 2014 as they have already stated, then a gradual increase in the dinar rate over the next 4 years. Thoughts anyone?
    "I have nothing to offer but blood, toil, tears and sweat." - Sir Winston Churchill

  7. #7
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    Quote Originally Posted by dinar_dude View Post
    This sounds somewhat realistic to me. A lop in early 2014 as they have already stated, then a gradual increase in the dinar rate over the next 4 years. Thoughts anyone?
    LOP was buried alive since then hehehe, as you read an old article they're planning to reprint the small denoms, using same currencies means NO LOP... my friend

  8. #8
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    HHHUUUMMMMMMMMMM Dinar is going to be worth $1.00 in 4 years. Currently worth somewhere around .0008 That would make a lot of people rush out and buy Dinar.

    I'm of the old school. They can say lop all they want to no effect on the investors. To save a radical increase in 4 years... not so much. I believe lop and gradual increase is about all they can do or release it on Forex or suddenly revalue while people are looking the other way.
    GO GATORS!!!!!!

  9. #9
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    IMO..Can't they just do anything that they want to with their currency, the dinar?...or is it really Iraq who is in total control anyway?......

    IMO..The markets, at least eventually, will dictate what will happen to the rate of exchange with the dinar...or there would'nt be so much controversy over the rate as it is?....And if this were not so...then why are there so many studies, direct and indirect worries, parliamentary procedures, international entities involved with Iraq and it's currency, the U.S. dumping money into Iraq continually, all nations for the most part...even forgiving Iraq's debt, the reserves that they claim that is in their coffer's that can back up their currency very well, etc., etc., etc...Who else on this planet has all of this going for them?...Would'nt it seem more possible for Iraq to be able to have a powerful currency once again, (as it has been prior), moreso than any other country, especially with all of the things happening in Iraq?..Like I've always said, if Iraq can't make it with all of this going on....who can?...lol....

    IMO..What's all the fret with what the dinar will or won't do?...and all of the micro-managing as per all of the ways the dinar may turn out?....I mean we see what's happening with the U.S. Dollar through taxation and inflation alone...not to mention a deficit and a budget ceiling, along with the government shut down right now!.....Is Iraq doing any of this?...NO!...So IMO, it's ride it out until it's all over for better or worse...or put it back into your dollars and ride them to wherever they may end up!...lol....

    P.S...IMO..Don't most folks that own dinars, and/or other currencies...basically do this as a hedge against what is already happening to their own currency?...IMO..Some are worrying over a curreency like the dinar...while it has not manifested either way, as per the end result for the most part..for bad or good...while their own currency is already failing?..Seemingly retarded is'nt it?....

  10. #10
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    Quote Originally Posted by Dinarpartyof6 View Post
    HHHUUUMMMMMMMMMM Dinar is going to be worth $1.00 in 4 years. Currently worth somewhere around .0008 That would make a lot of people rush out and buy Dinar.

    I'm of the old school. They can say lop all they want to no effect on the investors. To save a radical increase in 4 years... not so much. I believe lop and gradual increase is about all they can do or release it on Forex or suddenly revalue while people are looking the other way.
    I vote option #2........
    :time:The "seed" of Democracy has been planted, we'll see how well it grows in the sand.:movie:

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