Morning News Comments 04/25/2015 Part 2
[tlm724] the central bank can not lend to the government any money because the law does not allow it."
[therealbubbie] convince them to reduce the value of the Iraqi dinar
[tlm724] rejects devaluation whew
[tlm724] calling for the central bank to resume publication of demand for the dollar and the amount of data met, whatever the mechanism in place, because the central stopped publishing currency auction data Erpkina as analysts and reduced transparency.
[therealbubbie] calling for the central bank to resume publication of demand for the dollar and the amount of data met
[tlm724] yeah that part is per the Iraqi economists not the CBI
Economists: the central bank deliberately lifted the dollar to cope with the financial crisis
[tlm724] He says the economic and investment commission member of the parliamentary Majid Chenkali, that recent central bank measures for the sale of the dollar at auction helped raise the value of the dollar against the dinar
[tlm724] the central bank must take measures supportive of the Iraqi dinar and the fight against those who tamper with the security of the national economy, because the interest of the country above all else.
[tlm724] hail yes ! come on CBI do your thing !
[tlm724] calling for" legislation Investment Act helps to bring international companies to develop Iraq's infrastructure. "
[tlm724] hope that baby is on the agenda for the 28th !
[tlm724] that the committee "discussed with the Governor of the Central Bank on the Keywords main reasons for the decline in the dinar exchange solutions effective for the return of stability of the price," adding that "the central bank will take new measures to maintain the hard currency and the return of stability of the dinar against the dollar."
[tlm724] "the central bank will take new measures to maintain the hard currency and the return of stability of the dinar against the dollar.
[tlm724] "The measures will include open outlets to sell the US dollar after the lack of display in the local market and its high price will contribute to a decline of the dollar,
[tlm724] For his part, likely economist Dergham Mohammed Ali, the low dollar exchange rate in conjunction with the expectations of rising world oil prices over the next few days.
[therealbubbie] and the return of stability of the dinar against the dollar. that phrase bothers me !! always has ! 1166 is stable !
[tlm724] He added that the central bank made a mistake in the implementation of some of the measures, which led to the loss of control of the dollar exchange rate,
[tlm724] indicating that the central has now begun to correct mistakes by opening multiple outlets to sell the dollar in order to reduce the price
[tlm724] Observers believe that the high dollar prices in the Iraq crisis fabricated by some quarters. The Iraqi market is witnessing a remarkable rise in the US dollar against the dinar reached more than double the official rate in 1166 dinars to the dollar.
[tlm724] bring on the LD's dayum you !!!!!!!!
[therealbubbie] reached more than double the official rate in 1166 dinars to the dollar. see the dinar isn't stable it's above 1166
[tlm724] therealbubbie right !
[therealbubbie] bringing it back to 1166 will make the dinar stable ! in their minds ! thats the way they see it imo !
[tlm724] therealbubbie whatever it takes to make the CBI happy and secure, if it's close to 1166 then so be it ! Who cares, because once the CBI is comfortable then they can introduce the LD's ! Thats just my opinion...
[therealbubbie] how long has the dinar been at 1166 .. !! 5 years .. which means to me the cbi has been happy for 5 years and still no low denoms and still 1166 ! just my opinion !
Parliamentary Economic reveal a proposal to create a sovereign wealth fund to attract investment
[tlm724] revealed the economy and investment parliamentary Saturday, its intention to submit a proposal law establishing a sovereign wealth fund to attract investment in Iraq
[tlm724] while showed that this fund will be linked to the International Monetary Fund to give guarantees to investors
[tlm724] well now Wink
[tlm724] explaining that "this fund exists in neighboring countries and more than 100 countries, and works to attract investments into the country.
[tlm724] "the fund may be a common link between the Central Bank of Iraq and the Iraqi government, as well as have a link to the International Labour Fund."
[tlm724] "the purpose of linking the International Monetary Fund, is to give guarantees or immunity to foreign investors when he came to Iraq,
[tlm724] is to give guarantees or immunity to foreign investors !!!!!!!
[tlm724] "sovereign wealth" fund, is owned fund by the state consists of assets such as land or stocks, bonds or other investment device
[tlm724] a group of money is worth billions of dollars invested by states stocks and bond
[tlm724] billions of dollars !
[therealbubbie] were foreign investors... how about giving us a guarantee that you'll drop the dollar and use the dinar and start moving the price !!
[tlm724] yeah bubbies, put a lil sugar on it !
[tlm724] I don't care what anyone says , Iraq is booming on all fronts ! It may not be quick enough for us but for a country starting over they are doing pretty damn good considering what Maliki left them to work with !