[BondLady] let me show ya'll key things in this article
[BondLady] Iraq officially
[BondLady] ends the opening of the market requirements
[BondLady] of Arbil Stock Exchange
[BondLady] the Securities Commission ended Legal requirements and technical to start a market Arbil Stock Exchange specifications international.
[BondLady] market Arbil Trading Financial will begin the actual work
[BondLady] which will actually few days."
[BondLady] meaning which will actually begin in a few days
[BondLady] and gave the Securities Commission of Iraq March / March, two licenses for the opening of the financial market in Erbil and Basra.
[BondLady] gave them to them in march
[BondLady] Iraq does not need to open more markets, electronic finance, because there is a tendency in the world to reduce market and integrate them."
[BondLady] and shifted from manual trading to the use of screens handle electronic in 2009 and opened for trading two hours a day five days a week.
[BondLady] The banking sector is the largest in the exchange, which also includes the shares of industrial companies, insurance companies, hotels and agricultural companies
[BondLady] did that help ya'll any?
Read More Link on Right
[BondLady] heres the other 1
[BondLady] Tayfur al-Maliki confirms that the express approval of the implementation of all agreements between the political blocs 29/09/2011 08:50 Second Deputy Speaker Arif Tayfur confirmed that Prime Minister Nuri al-Maliki expressed his approval of the implementation of all agreements between the political blocs . Tayfur expected to remain the question of the salaries of the Peshmerga forces by the central government and is the only point of contention between Baghdad and Erbil, indicating that al-Maliki expressed his agreement on the implementation of all the points of agreement between the political blocs in general and the Kurdish coalition and the rule of law, especially as he says http://imn.iq/news/view.7174/
[BondLady] key points of this 1
[BondLady] -Maliki confirms that the express approval
[BondLady] of the implementation
[BondLady] of the implementation
[BondLady] of all agreements
[BondLady] between the political blocs
[BondLady] Deputy Speaker Arif Tayfur confirmed
[BondLady] that Prime Minister Nuri al-Maliki expressed his approval
[BondLady] of the implementation of all agreements between the political blocs
[BondLady] Tayfur expected to remain the question of the salaries of the Peshmerga forces
[BondLady] by the central government
[BondLady] and is the only
[BondLady] and is the only
[BondLady] and is the only
[BondLady] point of contention
[BondLady] between Baghdad and Erbil,
[BondLady] indicating that
[BondLady] al-Maliki expressed his agreement
[BondLady] on the implementation of all the points
[BondLady] of agreement between the political blocs in general and the Kurdish coalition and the rule of law, especially as he says
[BondLady] hope that helped as well
[BondLady] do ya’ll have any idea when they released the new iqd we all hold?
[BondLady] dunno if it means any thing or not
[BondLady] but it was october 15th 2003
[BondLady] but that’s the day they released the new iqd we all hold
[BondLady] hold on let me show u 2 more things
[BondLady] Following the deposition of Saddam Hussein in the 2003 invasion of Iraq, the Iraqi Governing Council and the Office for Reconstruction and Humanitarian Assistance began printing more Saddam dinar notes as a stopgap measure to maintain the money supply until new currency could be introduced. Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed by De La Rue using modern anti-forgery techniques, to "create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives." Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar.
[BondLady] These new banknotes led to a new industry of selling the new Iraqi dinar to oversea investors who hoped to profit from Iraq's new currency when the economy improved. The provisional government of Iraq has made this legal, but the banknotes are exchanged at different rates by companies wanting to make profit. Due to the success of this program, though, Iraqi dinar has been widely counterfeited. However, there are six different security features on the 25,000 Iraqi dinar note that one can check for authenticity. Although the value of the dinar appreciated following the introduction of the new banknotes from 4,000 dinars per U.S. dollar, at the time of their introduction, to a high of 980 dinars per dollar, it is now held at a "program" exchange rate, as specified by the International Monetary Fund, of 1170 dinars per US dollar at the Central Bank of Iraq
[BondLady] These new banknotes led to a new industry of selling the new Iraqi dinar to oversea investors who hoped to profit from Iraq's new currency when the economy improved. The provisional government of Iraq has made this legal.
[BondLady] it is isnt it
[thecrow] Absolutely, thank you
[BondLady] now then next thing
[BondLady] i showed this earlier
[BondLady] trip down memory lane
[BondLady] so u can see from the past what today is an how far they have come in 4 yrs
[BondLady] Economic : Minister of Finance is expected to increase the Iraqi dinar exchange rate of 13% Baghdad / evidence the finance minister said the Iraqi government expects the exchange rate of the dinar by 13%. against the dollar by early 2007, after raising interest rates to curb the use of the dollar in the economy and curb inflation. told Baqir Jabr, the government aims to take the exchange rate to 1260 dinars to the dollar in the first three months of 2007 from the current level of 1500 dinars to the dollar and said the 2007 budget, amounting to $ 14 billion assume exchange rate at 1,260 dinars against the dollar, adding that the Cabinet would discuss the draft budget in the hope brought to parliament next week. He said in an interview that the budget will be based on the price of 1,260 dinars to the dollar and 5. dollars per barrel of oil with production of 7.1 million barrels a day.
[BondLady] He added that the central bank began raising interest rates from 12 percent to 16 percent now. Jabr said that there are no immediate plans to raise interest rates further. According to the site's central bank on the Internet has increased its key interest rate to 16% from 12% on the eighth of November. He said the aim of raising interest rates is to strengthen the dinar to fight dollarization and curb inflation and boost the confidence of Iraqis in the local currency. He said that any economy depends on the dollar is weak
[BondLady] He added that the Iraqis now use the dinar instead of the dollar and the increased value will help ease inflation, currently at 56%. The rate of inflation in Iraq, 76.6% in August. but sectarian violence is claiming the lives of more than 100 Iraqis a day and threatens to plunge the country in the civil war. The violence has scared off foreign investments in the oil-rich country. A report recently released by the United Nations that the rates of unemployment and poverty rising in Iraq. Corruption is rampant and the state-owned industries are inefficient. Oil is the main source of income but the sector suffers from years of mismanagement and violence.
[BondLady] He said there was also a psychological factor Iraqis need to trust in the currency when it is stable or high. The International Monetary Fund warned that Baghdad's support standby credit agreement, $ 685 million from that rising inflation could undermine the economy and hinder the goal of improving the living conditions of Iraqi citizens. as the government faces another problem is the high rate of unemployment, especially among the young. Officials say the unemployment rate between 30 and 4%. Jabr said he was not worried by possible negative consequences of the rise of the dinar because the Central Bank reserves sufficient to support the currency. and went on to say that the dinar is strong and that the Central Bank of Iraq of the best central banks in the region except the central banks in the Gulf and has reserves of 15 billion dollars of hard currency with gold, and it is only to support the dinar. http://www.al-bayyna.com/modules.php?name=News&file=article&sid=15536
[BondLady] see that.......The rate of inflation in Iraq, 76.6% in August. 2004
[BondLady] 4 yrs brought it down to 2.3% in jan 2011
[BondLady] thats how awesome shabibi is
[BondLady] now its buckin 10% even though they say 7 Something
[BondLady] and he brought interest rates down to i think 6% from 12% too
[BondLady] an he’s stabilized the dinar
[thecrow] as they say here,,,, very nice sah, very nice.
[BondLady] an made it grow
[BondLady] an built up the cbi reserves thru the auctions
[BondLady] to what it is now
[BondLady] hoped ya’ll enjoyed all that
[BondLady] drops the mic on br an walks off