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20-11-2006, 12:08 PM #25401
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Last edited by shotgunsusie; 20-11-2006 at 12:21 PM.
JULY STILL AINT NO LIE!!!
franny, were almost there!!
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20-11-2006, 12:10 PM #25402
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20-11-2006, 12:20 PM #25403
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Hello everyone. Once again we see the CBI removing dinars from the economy. We have already discussed the importance of this and how it is relevant to us and the iraqi people. If my math is correct, they have removed over 1.1 Trillion dinar and apparently they have not finished their work. This is a strong confirmation that the CBI has a plan to deal with inflation as suggested by the SBA from the IMF. That agreement also suggested adjusting exchange rates. Since we know this removal process cannot last forever, we should see something different in the near term. If they continue this process until the end of the month, they could easily remove somewhere between 1.5 and 2 Trillion dinar. AND still have impressive currency reserves. Very few countries in the world are able to accomplish such an aggressive monetary intervention. Thank You
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20-11-2006, 12:28 PM #25404
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Very Optimistic................
As he said above. Not to judge your post at all, Original Spiderman but, it is all under way, the change will go alot quicker in these modern days. Remember it is accient Babylon. It will be the Riches Part of the World. It is Written, It shall be done.
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20-11-2006, 12:33 PM #25405
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Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.
Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.
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20-11-2006, 12:33 PM #25406
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20-11-2006, 12:37 PM #25407
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Not according to Forbes:
The country with the richest people and the majority of them is the USA.
Top 10
USA #1,#2 & #6 TOTAL= 3
SA: #8 TOTAL= 1
Out of the 200 richest people in the world:
USA= 62
SA= 6
Maybe some of us will be on the 2007 list!
The World's Richest People - Forbes.comPlease, somebody shoot the messenger!
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20-11-2006, 12:46 PM #25408
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High demand for the dollar in an auction Central
High demand for the dollar in an auction Central
Baghdad - (Voices of Iraq)
The demand for dollar in the auction the Central Bank of Iraq today, Monday, recording 56 million and 765 thousand dollars, compared with 31 million and 495 thousand dollars at yesterday's meeting Sunday.
The bulletin issued by the bank on the status of the auction, received news agency (Voices of Iraq) independent copy, that "demand distributed between 16 million and 965 thousand dollars in cash and 39 million 800 thousand dollars in the form of remittances outside the bank full coverage of exchange rate amounted to 1449 dinars to the dollar, down three dinars on the rate of exchange on yesterday, Sunday, which amounted to 1452 dinars to the dollar."
The bulletin pointed out that he "did not submit any of the 12 banks participating in the auction, offers to sell the dollar." Asked why the banks halted the sale of the dollar to the Central Bank said Sami Almfergi one dealing with the auction told (the voices of Iraq) that "the banks to sell some of the dollar amounts of the bank was for the purpose of speculation and reduce the price for some of the gains but the current price policy followed by the Central Bank through a sustained reduction of dollar automatically blocking speculators. "
دولار - (اقتصاد) :: Aswat al Iraq :: Aswat al Iraq
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20-11-2006, 12:50 PM #25409
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20-11-2006, 12:54 PM #25410
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I personally will be watching what transpires from the EU meetings. I still strongly believe that Iraq is out of time and December 11th or 12th is too late. Every morning I watch CNBC World Exchange and they discuss just about every currency movement and stock movements etc. You would think that with the accomplishments of the last 11 CBI auctions that it would be mentioned either positively or negatively amongst the currency exchange circles, and I have not heard it mentioned once. I have even heard the Yuan and the Dong mentioned today regarding slight movements. My point is we may value the movement of the CBI efforts and the slightest of movements as progress in our opinions, but many of those on the outside looking in have lost faith in Iraq and their ability to recover their economy. I believe they are on borrowed time and they need to make a very dramatic and positive economical move now or they may lose the support of their most influential backers. JMHO.
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