The power of the cash reserve to support the value of the national currency
[Shredd] Why are the reserves a big deal? Well, carefully read through this article and it explains perfectly the effect it is and will have!
"In a time when cash reserves of some countries declines or great heights of a sudden, the cash reserves of the Iraqi paced a solid upward stable away from the fall or the sudden rise."
"stressing the need to speed up the move to re-evaluate the dinar to strengthen the foundations and pillars of the national economy"
[Shredd] Iraq is dedollarizing, updating their notes and are going to remove the zeros this year. The reserves have proven to provide stability. Soon we will see the monetary policy change and soon we will see a change in the valuation of the dinar. It's all connected and reliant upon it.
[lightingcslt] as Bondlady and I discussed this article this morning. take note of the basket of currencies that Shabbs had mentioned back in 2008-2009. and the dinar is in that basket. hold on to your hats everyone this is coming straight on heading right for us. and with all these articles about the revalue tells me it way sooner than later
[tlm724] The power of the cash reserve to support the value of the national currency
[tlm724] they have the power baby !
[tlm724] push towards strengthening and enhancing the value of the dinar
[tlm724] push it !
[tlm724] that the economy is affected by a factor of stability is totally reflected directly on the value of the currency as well as the presence of internal and external influences play a role in determining that value
[tlm724] stability is totally reflected directly on the value
[tlm724] that's exactly what Shabbi said !
[tlm724] The amount of cash reserve represents bumper biggest fluctuations in oil prices follows affect the fluctuation of the exchange rate where it not for the strength of the amount of the reserve sovereign to the value of the dinar
[tlm724] so IF they didn't have the huge reserves then the dinar would be unstable but that is NOT the case now !
[tlm724] more than 80 billion dollars paving the way to be because of the Iraqi currency purchasing power larger than it is now
[tlm724] Iraqi currency purchasing power larger than it is now
[rsp1] not to mention, all that gold
[tlm724] the value of the dinar is NOT reflecting it's true value YET
[tlm724] as well as that it will contribute significantly to raise its value against other foreign currencies
[rsp1] yes !!!!!!!!
[tlm724] it has been growing this whole time as BondLady has told us time and time again, just because we don't see it does NOT mean it isn't growing
[rsp1] Oh, I know...We just don't see it, like you said.
[tlm724] as the increased demand for goods and services lead to increased demand for the dollar
[tlm724] that economic development impact of the strengthening of trust and strengthening of the dinar itself
[tlm724] stressed that offers the possibility of parallel supply and demand for goods and services and local production within Iraq will lead to enhance the value of the dinar,
[therealbubbie] tlm724 how long can they keep the reserves at bay doing nothing with the dinar !
[tlm724] that is a free market economy, supply and demand and local production keeps the economy going !
[tlm724] will lead to enhance the value of the dinar
[tlm724] that the currencies of other countries as dollar and the euro, the yen and the yuan and other currencies derived its strength in the currency market of the power economy of their countries
[tlm724] so all these countries added value to their currencies via the currency market
[tlm724] as Iraq is doing !
[therealbubbie] tlm724 what I am saying is ... what the heck is the hold up !!!!!
[tlm724] obviously bubbies they are doing this
[tlm724] I don't think there is a hold up I think it is a plan and it is moving forward !
[tlm724] economist earlier called for those in charge of the economic sector in Iraq to re-evaluate the value of the currency after it enhances the cash reserve quantities of gold
[tlm724] so re-evaluate the dinar after they got their gold to a level they are comfortable with and they HAVE that level now !
[rsp1] well if they keep this up...buying gold the way they are...maybe when they do RV it'll be at the old rate...wishful thinking, but a possibility
[tlm724] he supposed After adding about 1.5 billion dollars to the Central Bank reserves to rise the value of the dinar to a higher level compared to its exchange rate against the dollar
[tlm724] the Central Bank reserves to rise the value of the dinar to a higher level compared to its exchange rate against the dollar
[tlm724] there you go raise it above the value of the USD
[tlm724] and the CBI has the reserves to cover that !
[rsp1] awesome article...
[tlm724] that is some great stuff right there !!! tyvm BondLady !!
[BondLady] shabs layed the basket of currency's out that the dinar would be in
[BondLady] shabs said it basically approx 5 yrs ago
[BondLady] and we're now seeing things coming to pass
[tlm724] yes we are !
BondLady] despite Iraqis fighting BS they still progress right on through the fog of BS
Central" excludes the reserves reach 100 billion dollars to feed the expansion of foreign trade
[tlm724] reserves increased by good compared to previous months what makes Iraq in a stable position financially
[tlm724] stable baby !
[tlm724] returned it contributes to the stability of the dinar could be a "source of pride" for the Iraqis
[tlm724] 74 billion dollars, saying that it represents "the highest rate "record in the history of Iraq
[tlm724] they beat that record and how !
Customs confirms its support for all investment companies
[tlm724] Customs Authority expressed its willingness to overcome all the obstacles faced by all investment companies wishing to operate in Iraq *hallelujah*
[tlm724] The Customs Authority is ready to provide all the facilities of the company and global investment firms discreet that you want to work in Iraq.
[tlm724] proceeded to put in place mechanisms to allow investment companies operating in Iraq ease the transfer of equipment and personnel
[tlm724] "the investment law exempted companies which deliberately implementation of investment projects in the country of the customs tariff and tax
[tlm724] that means they are making amendments to the investment law and doing whatever they need to do to fix the problem ! Keep your eyes out for more news of the WTO Wink