Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by kiko

You are right, but I think that Shabibi is teasing you.

He will announce it at 00:01 that's 1 december!!

As long as it is still November 30th EST time I will take it....so he has about an 8 hour window in the "D" word. As long as it is still November 30th where I live.....Hey, I think I am being pretty understanding here.....I gave him an 8 hour window....

Originally Posted by bob1940

ADAM I just got up Late sleeper today. what is verdict for the RV today?

Surprised you can sleep matey, I was awake at 5.00am and thought bout logging on, lol.

We need to keep an eye out for press conferences. I'm a believer the r/v will be announced with the fil and oil law, and yes I believe before xmas it will happen, even before the 15th it SHOULD happen. But this is Iraq, and it should have been done back in the summer as Susie will back me up on! But I do feel this is their last chance....

Am off to the docs and nurse, hopefully we'll have something from Voices of Iraq discussing the lack of auctions by the time I get back.

PS. For those not seen it, go take a look at the xmas 10k nationality thread for a bit of a crack/fun.

class=content style="DIRECTION: ltr; TEXT-ALIGN: left"Hossam Alsamuk
المركزية،The focus on this framework stemmed from eagerness supposed each governmental institutions to the various levels of responsibility in the adoption of the priorities allocated each of the central interests,

.In the midst of a tough campaign led by the Iraqi Central Bank to curb the inflationary situation escalating, With all our readings of the mechanisms involved, the campaign system, we have packed a series of observations that we believe are important to collaborate with and enhance the effectiveness of its campaign, and perhaps accelerate, or-at least-to facilitate delivery targets particularly as it would have to meet the interests and aspirations and wishes of all Iraqis in the recovery of our economy and activating the channels and rehabilitation broke them to regain our ambitions in life is to be renewed vision to nurture.
.The Asher statement issued by the Bank of the role of ministries and government institutions in several escalating inflation, we have dealt with this aspect, we focused on the policies of indiscriminate and deliberate action-market movement inflame and incite seminars in parasitic Tdaulath to escalate the situation, including inflationary make all efforts by the monetary authority to reduce those tragic situation and its confusing - effective at all.
.Therefore, the Central Bank as the monetary authority exclusively would have to commit different bodies, including the ministries concerned to coordinate economic affairs with the orientations of monetary policies, not to say that the reference prepared on the ratification of the procedures as it relates to monetary policy, Consequently, the monetary authority in any country are not strong any executive, regardless of stature to adopt orientations inconsistent with the policies on the lines of what the judicial authority of the Sultan example of the rule of law and policy mechanisms for the implementation of its clauses.
.The focus on this framework stemmed from eagerness supposed each governmental institutions to the various levels of responsibility in the adoption of the priorities allocated each of the central interests, In this field, the likelihood of recovering the adoption of the national economy, which has become the paper reliable in the face of suffocating crises besetting the lives of our people and the fulfillment of the requirements.
.Turning back to the responsibility of those bodies, In particular, including the Ministries of Planning, Trade and Finance, Labor and Social Affairs, Even the oil industry and housing. the priorities of the policies of the Central Bank sought to coordinate with each ministry so as to ensure the safety of any of its procedures in order to serve the policy of strengthening the exchange rate of the Iraqi dinar and the reduction of the flames of inflation, which has become a threat to our economy, first, and all workshops life rights of the Iraqi people and their legitimate aspirations to ensure the ability of suppliers to meet the needs of a for life and insurance requirements and achieve its continuance diverse aspirations.
http://www.iraqigovernment.org%2find...&hl=en&ie=UTF8

I love that phrase, no date on article, but liked that phrase

Originally Posted by CharmedPiper

As long as it is still November 30th EST time I will take it....so he has about an 8 hour window in the "D" word. As long as it is still November 30th where I live.....Hey, I think I am being pretty understanding here.....I gave him an 8 hour window....

Charmed, its okay, I dont mind if its December so long as it is in my Christmas stocking this year.

Hello all; just an update from Doha. The Dinar is costing around 767 USD for a mil. Out of 7 exchanges only one would sell and the others want to buy. I'll keep you posted.

The Iraqi Central Bank Governor Sinan Shabibi said that among the causes of inflation in Iraq is increasing cash in circulation, what required a new monetary policy aimed at improving the dollar's exchange rate towards reducing its price several points in the auction, organized by the Central Bank every day to encourage the demand for buying the dollar in order to withdraw money from circulation.
Shabibi said during a meeting at the headquarters of the World, It was attended by the Directors-General and officials of private banks, He dedicated for circulation in the monetary policy and the means of cooperation between the Central Bank and All banks, «The aim of the Central Bank is currently limited in the fight against inflation, which reached about 76% and reduce the height, through the provision of better conditions for economic development and improving the performance of the banking sector and providing stability ».

A banking source told «life» that the meeting dealt with numerous topics, the most important of the new policy by the Central Bank which, in addition to the daily reduction of the dollar rate of exchange, an increase in the interest rate paid to banks to invest night at the Central Bank, which amount to 15% for 14 days, and 16% for one month, as well as the auction, organized by the World Bank remittances, He pointed out that he also discussed with the issue of coordination with the World Bank and the Iraqi Ministry of Finance to make the correlation government banks like Central Bank sinks eligibility so as not to exceed their ministry and the administrative side only for the purpose of the ease of application of monetary policy set by the Central Bank.

He noted the source conferees to note the existence of some private banks faltering what impact negatively on the rest of the banks and the payment of the Central Bank to direct governmental banks to give 10% of the appropriations have on the implementation of reconstruction programs in Iraq to the eligibility of these banks to improve their performance level.

The source further stated that a policy of the Central Bank to increase the interest rate on the investment night and day auction remittances encouraged private banks to increase interest rates on deposits, citizens have the highest rates of interest paid by the government banks to reduce the gap between the interest rates paid by the Central Bank and A. Adh paid by the banks and to achieve a kind of reassuring to the citizens, This will lead to increase in the volume of deposits in banks and the Central Bank Aidha for investment purposes night and participate in the auction money and thus reduce the amount of money in circulation, which helps to reduce the rate of inflation.
Translated version of http://www.alzawraa.net/home/index.php?option=com_content&task=view&id=4695&Ite mid=73

Originally Posted by CharmedPiper

As long as it is still November 30th EST time I will take it....so he has about an 8 hour window in the "D" word. As long as it is still November 30th where I live.....Hey, I think I am being pretty understanding here.....I gave him an 8 hour window....

That long!

That's enough to enact the FIL and HCL also!

Originally Posted by Adster

Matey, the lower denoms IMO are already sitting and waiting in the banks for the big 'OK'.

I for the sake of me cannot believe that the entire re-value is waithing on small denoms. As bad as it sounds, I think that a low re-value in the .04 range will come out first to obtain as much out of country dinar as possible. As that dries then up the value again will rise and the lower denoms will appear

Originally Posted by kiko

That long!

That's enough to enact the FIL and HCL also!

I thought the same thing....so what's their problem?????

Originally Posted by $onedaysoon$

The Iraqi Central Bank Governor Sinan Shabibi said that among the causes of inflation in Iraq is increasing cash in circulation, what required a new monetary policy aimed at improving the dollar's exchange rate towards reducing its price several points in the auction, organized by the Central Bank every day to encourage the demand for buying the dollar in order to withdraw money from circulation.

RV it high enough Shabibi and you can have all of my dinars!