Translated version of http://www.alsabaah.com/Economic : Central Bank of Iraq is expected budget deficit in 2007
Baghdad-Sabah
An official at the Central Bank of Iraq in the budget deficit next year, by the process of pumping dollars into the local market, to preserve the stability of the dinar exchange rate
The announcement was made by Head of the Department of Statistics and Research at the "Central Bank" appearance Mohamed Saleh, and added : that the new budget will exchange allocations to the dollar, pointing out that the rise in the value of the dinar positively impacted by limiting expenditures, to reduce inflationary pressures in the Iraqi economy and reduce costs on prices.
He pointed out that : 95% of the revenue budget depends on oil revenues, as a basic resource for the country, pointing out that the future will be encouraging the conditions for lifting the value of the dinar against the dollar, but could not determine the rate of exchange to proceed only after the real budget.
So, the dinar has risen against the dollar in the dealings of the central and sign expert in the "Central" Majed picture, a marked improvement in the rate of the dinar, by the low dollar exchange rate, over the next couple of months. The latest rise in the rate of the Iraqi dinar against the dollar exchange rate in 1995, but the exchange rate stabilized after that between 1400 and 1700 dinars to the dollar.
He attributed the "central" reasons for the high rate of the dinar against the dollar, the stability in the sale of one dollar below the rate of real exchange rate. He explained that the picture of inflation suffered by the economy now is price inflation, and not monetary inflation, pointing out that the goal of "Central" is to limit the effects of inflation. The price inflation Vaspaph known, and among lower commodity presentations, and some greedy exploitation of the circumstances through which Iraq, and expected significant improvement in the rate of the dinar, and the drop in prices to this improvement.
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12-01-2007, 06:52 AM #37531
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12-01-2007, 02:53 PM #37532
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JULY STILL AINT NO LIE!!!
franny, were almost there!!
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12-01-2007, 04:57 PM #37533
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Rumor in AD...BY whynot
My contacts are telling me that they are under a DDos attack by the CBI, they are trying to block the news of how close the reval is. There is a certain poster on one of the sites that knows more than they should.
RC has up a bogus page that states they are securing your connection but it's just a meta refresh that goes in a circle.Central Bank of Iraq concluded many agreements with the World Bank and the International Monetary Fund and the Paris Club countries, which seeks to restore Aldenarlemkanth (THE DINAR) as it was in previous decades 3/13/2007
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12-01-2007, 05:01 PM #37534
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Hello everyone. Very interesting news out there on the net. All related to "drying" up of the currency. One report from anothr forum stated that a Chase employee said that there is a "world wide shortage of dinar". reports from other Chase banks and BOA states they can't get the currency. And there are many of these reports. So, lets see what happens. We know all of the "ingredients are the rights ones, now all we have to do is let the stew cook". Thank you.
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12-01-2007, 05:02 PM #37535
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run that by me in english again??onedaysoon??
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12-01-2007, 05:11 PM #37536
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someone on aboutdinar said that they heard the problems with RolClub is because of CBI flooding rolclubs server
I dont feel there is any truth to it. because even if someone here knew more then they should, it wouldnt matter to CBI they are not letting Dinar leave the bank anywayCentral Bank of Iraq concluded many agreements with the World Bank and the International Monetary Fund and the Paris Club countries, which seeks to restore Aldenarlemkanth (THE DINAR) as it was in previous decades 3/13/2007
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12-01-2007, 05:12 PM #37537
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I Am Getting This On My Home Computer!!!!
All,
I thought there was something wrong with my home computer or I had a virus or something!!!!
I am here at work logged into rolclub, but cannot get on the site from home. I keep getting blocked!!! I thought it was very strange. I can log into my home computer and post a screenshot from here at work. I get the same "securing connection" when I try to log on.
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12-01-2007, 05:20 PM #37538
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Central Bank of Iraq concluded many agreements with the World Bank and the International Monetary Fund and the Paris Club countries, which seeks to restore Aldenarlemkanth (THE DINAR) as it was in previous decades 3/13/2007
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12-01-2007, 05:20 PM #37539
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ook now i understand thanks!!
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12-01-2007, 05:31 PM #37540
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Beware
We too were having problems most of the day yesterday getting on the forum. We always were getting data base message so we refreshed the page last night and was able to pull up the forum. We also wanted to make people aware of emails. We received an email today put in our junk mail titled PIPS, DINAR and HYIP info. I checked it out in the junk slot and it was from gfforum so be careful of what you open. Hope you all have a great week-end and come on SUNDAY!!!
Last edited by papa02; 12-01-2007 at 05:37 PM.
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