(Thank you DS for emailing this to Recaps)
FLASHING ARTICLE AND ANALYSIS 2/25/2013 9:00PM EST
You must deal in Iraqi dinars in investment and business processes to support Baghdad (news) .. According to a member of the Finance Committee MP / coalition in Iraq / Hassan Auzmn Bayati, the importance of handling the national currency, the Iraqi dinar in the commercial and investment operations to support and promote confidence in foreign dealings.
Bayati said (of the Agency news): The most countries of the world to adopt a commercial and investment operations in its national currency, but Iraq is still dependent on the dollar, the value of the Iraqi dinar parked on the price of the U.S. dollar.
He added: direct the central bank to support the dinar investment will support the national currency and the Iraqi economy, calling to rely on all insider dinar and foreign to increase its value and enhance the confidence of the world and be a competitor of international currencies.
Read More Link on Right
The Central Bank of Iraq in search of the 16 of February with the current domestic and foreign banks, investment support mechanisms Iraqi dinar, pointing out that he was seeking to boost his tally including currency makes it controlled.
Hi good evening. the above article is very meaningful for us. as you can see the first paragraph is talking about the importance of handling the national currency in the commercial and investments operations. So what they are saying is that they will be replacing the us dollars for dinars.
On the other hand the most relevant paragraph is # 3 in which they stated : calling to rely on all insider dinar and foreign to increase its value and enhance the confidence of the world and be a competitor of international currencies. This means that they will increase the value of the dinar. Implicitly they are also saying it will become tradable and with a reasonable value, because that is the only way the dinar will become a competitor of international currencies and at the same time that will help to enhance the confidence of the world on it. So one more time let me tell you that everything is great. We are on the right track and we have made a wise decision investing our funds on this solid investment. Be blessed and take care . Love you all. PD Don t pay attention to the irrelevant things. Just follow the key drivers. remember that the buses need drivers. lol