PARLIAMENT CONFERMS THEY SUPPORT NEW LARGE CURRENCY NOTES AND NOT READY TO DELETE THE ZEROS !!!!
Parliamentary Finance supports the issuance of large cash categories
August 23, 2015
Our economy / Baghdad
The parliamentary finance committee confirmed that it supports the issuance of new categories of cash to facilitate the process of carrying currency among citizens, indicating that the environment is not ready to replace the value of the currency or delete the zeros of them.
Said Finance Committee member Jabbar Abdul Khaliq in an exclusive interview with our economy, that the Finance Committee in the House of Representatives supports the issuance of a new class of categories (50 and 100) thousand, indicating that these groups are designed to facilitate the process of carrying currency among citizens.
IRAQ CONSIDERS THE POSSIBILITIES AND NEGITIVE EFFECT OF RAISING THE EXCHANGE RATE TO 1500 DINAR TO 1 USD.
Ali Mohsen Keywords
Governor of the Central Bank of Iraq
The financial crisis currently faced by Iraq, which can be extended to the next few years will inevitably require a serious and profound measures to spare the country a real risk has ridden the economic, social, security and services by circumstances, if it is not addressed articulated plans and successful solutions. The development of solutions and plans should not stems from one fact or one factor is the low price of oil source, because starting from that alone does not get us to the processors and attractive solutions touches the essence of the problem and the challenges of the immediate or future.
The state budget has been exporting large deficit even with revenue rising significantly (depending on the oil price rise), and spending, who met those revenues did not contribute to the development of the productive base and the infrastructure and services in proportion to the growing resources, but he was spending a reason to commit the state high fixed costs can not dislodge or reduced, especially in the massive recruitment is the product, and in the financing of self-financing bodies and public sector companies.
(Thank you George for emailing this to Dinar Recaps.)
UU6801 – “ Changing the IQD Exchange Rate? ” by Mnt Goat
If you are reading this news letter today for the very first time I welcome you. But I highly recommend you continue to read it ongoing since my news letters connect together many pieces of this continued saga of the Iraqi dinar revaluation story. I bring no hype or rumors. If I am giving you my personal opinion I will tell you so.
My news letters are usually very long, so print it off, grab a cup of hot coffee, get on your reading glasses, and sit down on a cozy chair. Today’s news is very long once again and there is so much of it to review with you.
I personally do not think that ANY event is “holding up” the revaluation process but simply Iraq it not yet ready. When will they be ready? WHEN EVERYTHING IS IN PLACE AND THEY (IRAQ, UN and USA) FEEL COMFORTABLE WITH THEIR SITUATION !
International Prayer Call Monday Night 7pm ET
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Some are so dug into this all emotions are directed to it, families are falling down lives are being ruined. You can lead them to the water but you cant make them drink it. If this is all your life and all your hope is on this nothing else you are in trouble. If you are saying this is all I have it don't happen I don't know what I will do. You are in trouble. Deferred hope is very dangerous.
aggiedad77 » August 31st, 2015,
Monday News Summaries and Commentaries
Jubouri threatens to cancel the membership of deputies
This has been a long time in coming.....Speaker Jubouri looks like he is finally going to get radical with members of Parliament who continually are missing from Parliament sessions......you don't come to meetings....you pay the piper.....in the form of dismissal from Parliament......I love this.....get those people to the plate or send them home hungry and with a fine.
Securities affected by the stresses of movement because of the economic downturn and pays tribute to the support of government and the private sector
Morning News Comments 08/31/2015
Central extend the period of the bond sale to finance and sell more than $ 212 million in auction
[tlm724] "The bank said it" will sell the bonds in Iraqi dinars at a price of 1095 dinars per dollar and payable by the Ministry Finance in the February 28, 2017 to be paid in dollars maturity.
[tlm724] interesting ! buy the bonds in dinar BUT get paid back in US dollars !!!!!!!!!! now that something to chew on, why pay in dollars ? Are the dinars gonna be worth much more by the time these bonds mature in 2017 ???????? just askin Wink
Iko Ward: So far everyone is minding their P's and Q's. Asia and Europe down just a little. Footsie closed today. ISX up a notch. Saudi's down a notch. Forex back to 1119.4 (As long as they polled down I'll take it) Conclusion? We're still on hold.
Fullofhope: IKO who do you think is really in charge of flipping the rv switch?
Martha: Are we all ready for a very interesting week?
JerseyBoys: Martha, just how interesting do you think this week will be? Can you elaborate?
Martha: okay we are about to see the death of the fiat currency