Central Bank recovered $ 10 billion, and implement a plan to equalize the Iraqi dinar in U.S. dollars

Sources: Central Bank recovered $ 10 billion, and implement a plan to equalize the Iraqi dinar in U.S. dollars



03/03/2010 Wednesday 18 - the first spring -1431


Financial sources familiar with the "home" for the restoration of the Iraqi Central Bank to more than $ 10 billion and deposits from the former regime seized in international banks, There are efforts to restore the funds other than the value of contracts and deals signed under Saddam Hussein's regime was supplemented after the war for the invasion of Kuwait in 1990.

The financial sources familiar with "Al-Watan that" the United Iraqi Alliance bloc that nominated Bayan Jabr Zubaidi the next prime minister after the election, betting on the disclosure of such information described terms to augment the Iraqi National Coalition election, especially with the assurances of the Iraqi Central Bank study revalue Iraqi by deleting the 3 zeros from the nominal value of the current, and the U.S. dollar equivalent of one Iraqi dinar.
Mudhir Mohammed Salih, adviser to the central bank raising project yellowing of the currency promoted by the government in 2007, "Central Bank Itboukh on the backburner" and expected to see the end of 2010 or early 2011 on the development project. "

In the meantime, the central bank will continue the policy of stabilizing the exchange rate dinar to the dollar, "Al-Watan" that the central bank seeks to raise the value of the Iraqi dinar of 1180 dinars per U.S. dollar to 1000 dinars per U.S. dollars, within the month of June, and on the extent of conflict this policy with the policy of economic reform, followed by Iraq since 2003, under which the installation is a departure from the principles of capitalism Judge freely exchange rate liberalization, the central bank adviser said that "Iraq is in transition toward a market economy as it targets the central bank has worked to achieve the stability of the dinar exchange rate after The fluctuation is a concern for the citizen. "

In response to the indictment of the central responsibility of rising inflation, despite the policy followed by the installation, Saleh said that "the Central is not interested in lower prices in the marketplace but is responsible for the overall level of prices, and inflation declined in the country and income for the first time arranged to one decimal place, a 6% after was 60% even though there is no price in the world series back to back, but important that the price hikes under control. "

For its part, said an economic expert, Dr. Salama Smeisim for "home," said the leaked information from sources close to the Central Bank of Iraq can put things in different scales and different, and is considered central bank's ability to retrieve these funds from large international banks
, each claimant to intervene in monetary policy, which it is exclusively the prerogative of the central bank, particularly because a lot of economic advisers in the Iraqi government demanded to borrow from Iraq's financial deposits at the central bank to cover the deficit in the general budget of the government, said Simasim must "stop such claims at a certain without encroachment on the powers of the monetary authorities. "
She stressed the importance of "keeping the rule of the dinar, above all, because the existence of such quantities of cash allows the authorities concerned to use this cash to address the liquidity shortage faced by the Iraqi budget and is the argument or excuse invoked by some in his allusions to demand the seizure of the existing stockpile of Central Bank


Editor: AlMarsad


http://www.baghdadtimes.net/Arabic/index.php?sid=58968


http://translate.google.com/translat...68&sl=ar&tl=en


This is the original story ( Al-Watan is a Kuwaiti newspaper ) :

http://www.alwatan.com.kw/ArticleDetails.aspx?Id=11140

http://translate.google.com/translat...40&sl=ar&tl=en

no comments?.....wow

lol pan..everytime i comment on something it seems to drag in the morons and smart asses...so can I opt out of commenting?

plus..im waiting on ck's expertise on the subject....lol...CK WHAT DO YOU THINK

Financial sources familiar with the "home" for the restoration of the Iraqi Central Bank to more than $ 10 billion and deposits from the former regime seized in international banks,

How much "more" is there? and when will it be returned to "home" aka CBI???

The financial sources familiar with "Al-Watan that" the United Iraqi Alliance bloc that nominated Bayan Jabr Zubaidi the next prime minister after the election, betting on the disclosure of such information described terms to augment the Iraqi National Coalition election, especially with the assurances of the Iraqi Central Bank study revalue Iraqi by deleting the 3 zeros from the nominal value of the current, and the U.S. dollar equivalent of one Iraqi dinar.

So is the UIA saying after the election the CBI will RV at .88 usd to 1 dinar????......I don't see zubaidi become prime minister, maliki will get re-elected.



Mudhir Mohammed Salih, adviser to the central bank raising project yellowing of the currency promoted by the government in 2007, "Central Bank Itboukh on the backburner" and expected to see the end of 2010 or early 2011 on the development project. "


I really thought this paragraph was very interesting with the wording of "yellowing". Yellowing means getting old...when you have a piece of paper, the older it gets the more yellowing it has. So if I understand Salih iraqi lingo right...he is stating that the 2007 raising project which is the 3 zero's plan is getting Old and needs to be changed now that Iraq no longer needs to be on the "back burner". Through my research of the world economy crisis the last few years..I have always stated the IMF told iraq in 2007 to park it on the back burner while the housing crisis took place across the globe. We have seen many articles from iraq stating that they were not effected by the housing crisis. Plus on April 1st 2007 is when the rate of $5.26 showed up with safedinar email.



"Al-Watan" that the central bank seeks to raise the value of the Iraqi dinar of 1180 dinars per U.S. dollar to 1000 dinars per U.S. dollars, within the month of June, and on the extent of conflict this policy with the policy of economic reform, followed by Iraq since 2003, under which the installation is a departure from the principles of capitalism Judge freely exchange rate liberalization, the central bank adviser said that "Iraq is in transition toward a market economy as it targets the central bank has worked to achieve the stability of the dinar exchange rate after The fluctuation is a concern for the citizen. "

CBI raising the dinar value at 1000 dinars to 1 USD in June......well they been saying the same dang thing the last 3 years...articles have stated they wanted to be 1000 to 1 by the end of 2007, 2008, 2009....it never happened.

With so many articles lately about the monitary change...the most possible time as I have stated the last 2 years is end of March. Per history Iraq made 3 monitary changed at the end of March since 1932....if they don't make one then the next possible time will be end of June, were Iraq has made 5 monitary changed since 1932. I hope with the world economy recovery and possible china is ready to go ahead...the IMF will allow total global currency change at the end of March or no later then April 2.....if not I wait for end of June.

Plus I feel when we see the CBI change the interest rate lower from 7%...we will be dang close! Iraq goes down on interest rate while the rest of the world goes back up.

Sorry Pan...I'm just now getting a chance to read this, didn't get a chance to come back to the computer last night.

LK...kiss my arse...LMAOOOOOOOOOOOO

oooooh bite me you chocolate eating crazy lady....lmaoooooooooooooooo now if it had been arabic i bet it wouldnt have taken you as long to decipher it...lol..