Millionday early morning 10-26-13
00:51 [millionday] The financial expert said the beautiful name, to Acoustica r Iraq recovers after a rise in the value of demand in the GCC banking markets, noting that the dinar increased in value either dirhams in Dubai banking market by (0, 26%) Evidence of the strength of the national economy.
Beautifully (News Agency) Friday: the currency is the face of the economy when the Iraqi dinar is supported by another currency and currency is ' dollar ' is there in return for pumping Iraqi crude oil and an increase in exports and a rise in oil prices in the world market, noting that almarbine in States experiencing avoid its economy accept to buy Iraqi dinar. -
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00:53 [millionday] They expect that the Iraqi dinar may occur when large spikes and increases its value and place in the Iraqi market, adding to a project often talk about deleting the three zeros from the Iraqi currency which might give the strength and momentum of the Iraqi dinar against foreign currencies, all of which contributed to global markets, speculators rush to buy Iraqi dinar.
He added: the report from Dubai banking market that the high value of the Iraqi dinar against the UAE Dirham (0.26%) Proves that the Iraqi dinar recovers and the national economy is strong as a result of its large reserves of natural resources as well as hard currency which are ghtaea to the dinar -
00:55 [millionday] The report said: relatively decreased movement and speculative currency exchange last week in Forex trading companies in UAE, coinciding with the beginning of the new academic year and the end of the holiday season, where decreases at this time of year liquidity in the Forex market, the Forex market, the Iraqi dinar rose against the dirham last week by 0.26%, registering 0.0032
00:55 [millionday] smile --
00:58 [millionday] The Commission warned the parliamentary economy and investment impact of depression in the Iraq market for securities on the Central Bank's monetary policy on the one hand low exchange rate of the Iraqi dinar against the US dollar.
The Rapporteur of the Committee, said MP mahma Khalil (News Agency): the recovery of the stock market needs a safe, stable and strong political system and large investments and a strong economy, transparent, they are systems that have links directly to the economy and monetary policy to the country.
He added that the low market movement Iraq stock exchange, especially after the withdrawal of the world kalankliset and American pedigree left a bad reputation for market and financial trading.
He continued: in addition to the current political situation were going astray on the other aspects of both security and economic as well as the movement of the stock market, both from local and foreign companies.
He noted: the continued recession in the Iraq market for securities would affect the Central Bank's monetary policy and thus affect the dinar exchange rate against the dollar
Rudie Super Moderator -- These are Papatom's comments that I captured in chat this morning and I'm sure Millionday will elaborate on the article tonight at news time also.
10:12 [Papatom] wow, that late night stuff is GOOD news. that last line is showing the people that the unsure political environment is not helping the exchange rate.....there's gonna be pressure....
and above that we see that the dinar is gaining .26% on the uae currency.....it's strong.....that's a large increase at once..... my opinion is it looks like it's setting up.....cus of the strong reserves along with spikes in growth... and the comment of going astray on economic and the stock market....
and the stock market's slow movement......both foreign and domestic....there's gonna be pressure from these thoughts....and remember the ISX ...the stock market is required to have a stable tradable currency to hit the world independently......... this is all setting up methinks....