The parliamentary economy emphasizes access to Central Bank reserves to more than $ 80 billion to Iraqi dinar
2013/06/16
Ruled out the decision of the Commission on economy and investment mehma Khalil exceeded the Central Bank's cash reserve (80) billion dollars during the next month, he will give strength to the economy and avoid a global economic risks. Khalil said that sovereign balance of foreign currency at the Central Bank stood at more than 73 billion dollars before six months from now, and exists in various countries of the world in the form of a portfolio and investments.
He added that the Central Bank is required to issue monthly statements are correct and HD on the central reserve size and expectations for the amount of more than 80 billion dollars during the month of July next, locate one of the world's banks.
...
Read More Link On Right
Dear Recaps : A few hours ago I received the most extraordinary email from my GOI contact and have been desperately trying to reach him back to ask a few additional questions and most importantly whether I could share his email and little while back I received the green light.
Here's the jest of it with very little editing. ( This is a highly educated man who did his graduate/post graduate work at a premier US University).
"TD this has been the most extraordinary day of Iraqi politics of our new Republic. While it is no secret to anyone worldwide of the differences of factions, today at Parliament we were brothers in a common cause of building the foundation of a new Iraq for ALL of our people. MP's were all united in passing a majority of laws, drafts & provisions relative to structure building of our democratic state.
Many members of the GOI and other dignitaries were watching history in the making. I'm reporting this to you because as I write to you members are toasting of the news with their families, friends and neighbors.
News travels fast in our country. Probably Wednesday & Thursday you'll see various articles come out anyway.
....
Read More Link on Right
Tlar: I know this is off topic, but I have been IM'd this question a few times. I've removed the name of the person who IM'd me but feel this is a really good question. Anything I say is only my opinion.
" hope you don't mind answering a question that comes up for me from time to time. If the dinar is going to become an "asset based" currency, how are they going to deal with all the trillions of dinar outside the country?
I am under the impression that they want the total dinar in circulation to go from 30 trillion to 30 billion. If so, what happens to so called investors 1 to 2 trillion dinar?
I understand that supposedly it will become a "hard currency" of central banks, but it still would count toward the total dinar in circulation, would it not? I mean at some point some central bank is going to want to cash in. I am confused. Thank you for your help"
First here is a reason ally simple definition of "money" and allows us to look at specifics of money and fractional banking which is important to your question IMO.
...
Read More Link On Right
17/06/2013 12:00 AM Yasser incumbent
Revealed the central bank governor for the cash reserves of foreign currency to Iraq could reach 80 billion dollars in next July, what will give the power of new economic entice investors to look for investment opportunities in the country and is based in the desire of these on the availability of government guarantees to insure ensure their rights. FULL ARTICLE & LINK BELOW
Tlar: The conundrum
The CBI is on another collision course with the government over their immense reserves.
As these funds continue to grow they become burdensome on the Iraqi economy. The CBI does not build or create any product. It is intended to support the currency through monetary policy only.
...
Read More Link On Right
Greetings and Salutations,
Thank you for the wonderful reception given to ZAP's contributions over the past several weeks. We are extremely fortunate that ZAP has chosen this forum to share his knowledge and provide such valuable information to us all. Many of you have have asked us to pass along your questions for ZAP to respond. Below are a few questions and answers that you may be extremely interested in.
From ZAP..........HI ALL
I HAVE RECEIVED A FEW QUESTIONS FROM POOF’S OFFICE, AND ANSWER AS FOLLOWS:
Will we really be receiving enough funds from F&P to help make big changes in our society or will it be just enough to put an extra $20 or $30 in the offering plate on Sunday? How about the PP funding?
,,
Read More Link on Right
Sorry, post removed by request. The information was not for the public, only private.
Thursday, June 13, 2013
Baghdad / Baghdadi news / .. Iraqi Central Bank announced on Thursday, for receiving a formal letter from the Association of Banks commitment includes three banks as a first stage to sell the dollar to the public at a lower price than advertised. FULL ARTICLE & LINK BELOW
Tlar: This is the same as another thread. This assumes the street rate is a rate that is determined by how much the banks in Iraq sell USD for. It is not.
The street rate is determined by how much the currency is sold for "in the street". If all the banks sold at the program rate, Iran and Syria would still be there to buy what they could at a premium over the program rate. The steps are like this.
...
Read More Link On Right
(Thank you ZM for sending this to Recaps)
FROM KevinD53 from Dinar Daily
I thought I would take a few minutes and look back, try to put things in order. There has been a lot of news the last couple of weeks, most of it good, and all of it hyped. So just where are we?
First of all it is almost certain that we will see Iraq out of Chapter 7 by the end of the month. The implication is that we will see Iraq in Chapter 6, but that is a misunderstanding of what Chapter 6 is. Basically Chapter 6 sets out procedures for the UN to act in an advisory role in negotiations between two countries. However the important thing is that all sanctions will be removed, and for the first time in two decades they will be completely sovereign.
Second, it looks like Erbil, HCL and Article 140 are all done and signed off on. IMO, this is huge for us. It means that 90% of what Shabibi said was needed for the Dinar to change is done. The last item would be the full seating of the government. Perhaps that is done as well. If so, for once the guru's might be correct in saying this could break at any moment. I know, a scary concept, but sooner or later they had to at least hit close.
Read More Link on Right
