MP Kadhim Al Shammari: the government invest surplus cash reserves and harnessed in accordance with a well thought out economic policy 07.08.2013 | (Voice of Iraq) The MP said Kazem Al Shammari, spokesman bloc white that the high volume of reserves of Iraq from foreign currency to $ 76 billion in addition to the 30 tons of gold bullion, and out of Iraq from Chapter VII,
make it necessary to set a date to reset the Iraqi currency, adding Shammari that the investment of this Grand Reserve will raise the value of the Iraqi currency relative to foreign currencies and thus will contribute to reduce the prices of goods and commodities,
would be reflected on improving the situation of living of the Iraqi people and thus will contribute to securing the community and reduce crime and the fight against terrorism. http://www.sotaliraq.com/mobile-news.php?id=107449#ixzz2YYWH3M8n
[tlm724] so he is the spokesman for the white blockand he is saying hey we got all this dough and we have a plan right ? " a well thought out economic policy"
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[tlm724] so he's saying look at us , what a shame our currency doesn't match how rich we are !
[bullymomma] they sure are working on getting there ducks in a row
[tlm724] we have GRANDE reserves, our currency is going to MATCH other currencies " will raise the value of the Iraqi currency relative to foreign currencies " and " thus will contribute to reduce the prices of goods and commodities " by increasing the value of the dinar it also increases the purchasing power of the people thereby making it less expensive to buy goods "thus will contribute to securing the community and reduce crime and the fight against terrorism"
[tlm724] ^^^ thats the power that decent money buys, a better life for all ! Less corruption, less counterfeiting, more security , the list is endless !
[bullymomma] thats a great art
[tlm724] yes it is !
[bullymomma] Barzani and Maliki working together is also a good one
[tlm724] bullymomma yes that is a huge accomplishment
[bullymomma] with them being so vocal with telling everyone they are going to change there value
[tlm724] bullymomma we are in a beautiful spot right now for sure
[bullymomma] do you think it will be awhile before we see the change, not asking for a date/rate
[tlm724] and yes the word is out, the moment Citi opened their door in Baghdad the worlds head turned real fast to Iraq !
[tlm724] bullymomma we are seeing a change right now don't ya think ?
[bullymomma] OH yes....a major change for the positive
[tlm724] no dates or rates bmomma but NEVER has the atmosphire been more positive for a financial change ! Talk about an exciting time to be invested !
[bullymomma] oh yes defineatly
[tlm724] look let me just say this. We as investors took a chance when most people frowned upon us, we did it anyway and it is going to pay off imo, the atmosphire in Iraq is prime right now, we see positive movement everyday !
[bullymomma] Yes we did take a major chance....we went with our guts
[Shunshine] agree its been rocky at times.
dinardoe] yes, around here they all laugh at us because we bought into this...but who will have the last laugh...
[tlm724] I have only been in a little less then 2 years now but wow what a two years it's been ! I have watched the GOI go from not showing up for session after session to doing a majority vote on the budget no less ! I have seen laws snuck in that we didn't even know they were voting on !
I have witnessed the removal of all sanctions after many agonizing years of repression from a dictator who stole their lives and their freedoms and I watched that dictator get his just reward at the hands of those he oppressed, I didn't know then the significance of that moment, how that single moment in time would reflect on my personal future !
I have learned more about International organizations and high finance then I ever thought I would and I have watched and learned from some of the best people I have ever met too.
[bullymomma] amen to that
[Shunshine] yes ,and you have been a great teacher also.
[tlm724] This is OUR time and I am so happy to watch this history being made and to be a part of it ! You ALL are the absolute best and I will never forget you !
[bullymomma] I am so happy for the iraq people getting a better life
[tlm724] bullymomma indeed !
[Shunshine] And you to tlm724 you always make me smile.
[bullymomma] they will finally learn what freedom is all about
[tlm724] throws the mic to therealbubbie hit it
[tlm724] Shunshine ty !
[bullymomma] truth be told....I will miss our little family we have here.....
[tlm724] bullymomma me too, I think about that often
[bullymomma] we have all been through hell and back through the years
[Shunshine] I will miss all of you truly. We are a family here.
[bullymomma] tlm724....thanks for chatting with us...it was fun
[tlm724] my pleasure always !