Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions

PM: Iraqi dinar re-evaluation has to do with economic conditions
February 28, 2010 - 04:36:11
BAGHDAD / Aswat al-Iraq: Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened.

“The Iraqi dinar has all the reasons to grow stronger thanks to an increase in revenues and development of the economy,” Maliki said in response to some questions through the National Information Center.

“The government would not rush matters but would rather work on finding all the guarantees to render this measure a success. The Central Bank of Iraq (CBI) is currently entrusted with drawing up a study on the whole issue and would give its decision soon,” said the Iraqi premier.

The Iraqi dinar’s exchange rate is suffering from low value against foreign currencies as a result of decades of wars and economic embargo that brought the local currency’s exchange rate to the rock bottom from three dinars per dollar in the late 1970s and 1980s to 3,000 dinars per dollar after the 1990 invasion of Kuwait, followed by a 13-year crippling sanctions regime.

The exchange rate fell even more after 2003 to reach 1170 dinars per dollar due to the CBI’s policy of daily auction, in effect for more than five years now.

The policy was lambasted by several economists on the grounds that these auctions do not give the real value of the country’s local currency.

AmR (S)/SR


http://en.aswataliraq.info/?p=127789

It's awesome to hear "Malaki" and "re-evaluation" in the same sentence

This news is from Aswat. If Aswat issues some news then no one can deny it or find other site to confirm it. Aswat is hard to issue any news except it is already confirm 100% to publish to public. I think this news is a significant order from PM to readers.

Now...

FIND 2 CLUES IN THAT MESSAGE.

I got it.


1. PM clearly said RV! RV means increase the value.

"Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened."



2. PM gives curios words with clear answer.

Curious words "Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened."

Clear answer “The Iraqi dinar has all the reasons to grow stronger thanks to an increase in revenues and development of the economy,” Maliki said in response to some questions through the National Information Center."


Conclusion = They are already done strengthen their economy! They are ready to RV.

Yep, this is looking good! How many times have you read an article that has Maliki being quoted about the 're-evaluate' of the iraq dinar in it!!

Of course this is just confirming all of my 'secret' sources...yep not surprised at all...LOL

the article is getting picked up on other newspapers today:


Maliki: re-evaluation of the Iraqi dinar is predetermined, and is linked to study the economic situation Subscribe to our newspaper daily news free
Aswat Al-Iraq - Arabic - Aswat Al-Iraq - Arabic -- 01/03/2010 01/03/2010


(MENAFN - Aswat Al-Iraq - Arabic) Prime Minister Nuri al-Maliki, Sunday, that the decision to re-evaluate the Iraqi dinar is linked to study the economic conditions that ensure that the process of strengthening, pointing out that the strengthening of a currency is settled to the presence of elements of the force increase revenues and the evolution of the economy.


This came during the response al-Maliki on a set of questions within his window the media at the National Center for Information, on the expectations of improved access or re-evaluation of the value of the Iraqi dinar in the future look like.


The al-Maliki, saying that "our study is linked to the economic conditions that guarantee that the process of strengthening the Iraqi dinar, but it discounts in order to strengthen the presence of elements of the force to increase revenues and the development of the economy."


But Maliki, at the same time pointed out that the government "will not be rushed and will work to find all the safeguards for this procedure in order to succeed, and the central bank in charge of the work of the study of the subject and will give his decision soon."


And suffering of the Iraqi dinar exchange rate of depreciation of the pound against foreign currencies due to decades of wars, economic blockade, which has fallen at a rate of three dollars for every dollar the late seventies and eighties of the last century, to three thousand dinars per dollar after after Iraq's invasion of Kuwait in the last century Tsainat and the United Nations imposed the embargo, which lasted for 13 years.


And the exchange rate after the year 2003 to reach today to 1170 dinars per dollar, thanks to central bank policy based on a daily auction to sell the dollar in more than five years, a policy criticized by many economists as it gives a value that is true of Iraqi currency.