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  1. #1
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    An Iraqi diplomat: Washington rejects zero dinar and companies the biggest loser

    An Iraqi diplomat: Washington rejects zero dinar and companies the biggest loser



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    Baghdad, Washington/Orr news

    An Iraqi diplomat in Washington revealed that the Administration strongly rejects the decision of Iraq to reset or turn off the currency, Forex daily auction organized by the Central Bank of Iraq.

    The Iraqi diplomat said that "the United States is the primary beneficiary of the auction currency in Iraq, and that the purchasing power of the Iraqi dinar is weak, compared to the rates of the currencies of the countries of the region, particularly the poor and suffering from significant economic problems as Egypt." and stated that "Iraqi currency, added to her zeros in time bygone regime, is no longer of any value, but the Americans impede efforts to damage their economy and beeping their companies."

    He specialized in Economic Affairs stressed that government endorsement of a Bill brought the currency would reduce the size of the money supply and confidence, for the presence of oil as a credit added to the balance of gold in international banking, according to a parliamentary Finance Committee that zeros out the local currency will contribute to restoring Iraqi dinar to his power, almost its previous purchasing power, which was exceeding three times the dollar, declined due to the imposition of sanctions under Chapter VII.


  2. #2
    Supporter and Investor! haggisbasher's Avatar
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    Is this statement saying that Washington DC controls the IQD value, and its future.

  3. #3
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    Monetary Water Boarding.
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    association with smarter people." --Will Rogers

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

  4. #4
    Supporter and Investor! millionairetobe71's Avatar
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    The US does not control the dinar, however, it does benefits from the auctions.....

    MTB71
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    may or may not occur." --Al Gore, VP :swear:

  5. #5
    Supporter and Investor! millionairetobe71's Avatar
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    The US does not control the dinar, however, it does benefits from the auctions.....

    MTB71
    "We are ready for an unforeseen event that
    may or may not occur." --Al Gore, VP :swear:

  6. #6
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    What these dumb Iraqi's in the CBI should have done is not to do the auction , let the Dinar ( worst than toiletpaper and pride of Iraq) drop and go where ever it wanted to settle and when the time was right cancel all the mllion zeros's.

  7. #7
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    I think this speaks to some Iraqis eagerness to continue to blame the US than themselves for the shape their government is in.
    "I have nothing to offer but blood, toil, tears and sweat." - Sir Winston Churchill

  8. #8
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    Quote Originally Posted by dinar_dude View Post
    I think this speaks to some Iraqis eagerness to continue to blame the US than themselves for the shape their government is in.
    I agree!!!
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  9. #9
    Supporter and Investor! haggisbasher's Avatar
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    SE whats your thoughts on the general elections in Iraq,will Maliki get his third term and if so will it be a the next step to a partitioned Iraq.

  10. #10
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    Quote Originally Posted by haggisbasher View Post
    SE whats your thoughts on the general elections in Iraq,will Maliki get his third term and if so will it be a the next step to a partitioned Iraq.
    Really haven't thought much about Maliki having a third term as don't think it makes much difference who is the PM of Iraq. My guess is that he will survive as a dictator. He may have brought the next election by promising a budget that will please most regardless of the 50 billion dollar budget. Also his strength has been increased with arms from Iran and the US. With purchased US air power he will soon dominate any opposing forces. In addition there are few foreign powers that are opposing his grab for power. Energy independence of many countries will soon put downward pressure on oil prices. The middle east turmoil cannot keep the rest of the world hostage forever. At least 10-15 dollars of the price for a barrel of oil is due to the irrational actions of ME countries and OPEC. If the price of oil drops to $70 Iraq will be a useless pit of sand and any oil reserves irrelevant as they have little other economy and they are too violent and corrupt to deal with otherwise.
    Last edited by Screaming Eagle; 03-01-2014 at 01:42 PM.
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