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Rate of exchange

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Proven
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Rate of exchange

Post by Proven on Tue 05 May 2015, 5:14 pm

Does anyone remember what was announced  at the beginning of March?   How about implementation of the delete the zeros project.

Rate of exchange

5/6/2015 0:00

BAGHDAD - Al-Sabah

said the economic academic Dr. Majid Baidhani that the dinar exchange rate against the dollar will soon return from rates over a short period due to the slow recovery of oil prices Alaalmih.oukal in an interview for the "morning" that the reasons for the high price of the dollar against the dinar known but the coming period will witness Back to the exchange is close to the previous rates price because of the checks on the scene of victories (Daash) terrorist and high Alinvt.wachar Baidhani rates that the central bank measures announced by the beginning of last March will also contribute to the stability of the exchange rate after taking the market enough time for the purpose of determine the real exchange rate.

http://alsabaah.iq/ArticleShow.aspx?ID=92428

CITEX
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Re: Rate of exchange

Post by CITEX on Tue 05 May 2015, 5:23 pm

It was the removal of the 50 Dinar notes and the change in the daily auctions. If memory serves me right...

Proven
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Re: Rate of exchange

Post by Proven on Tue 05 May 2015, 8:10 pm

@CITEX wrote:It was the removal of the 50 Dinar notes and the change in the daily auctions. If memory serves me right...

The removal of the 50 dinar note, reduced currency auctions, and implementation of electronic remittances were all initiated around the same time.  Additionally, the reduced currency auctions and electronic remittances are draining the money supply in accordance with the delete the zeros project.

These three events would not raise the value of the dinar against the dollar as specified in this article. In fact, they are helping reduce the value of the dinar relative to the dollar.  

However, once investors come into Iraq, these three events would lead in supporting the higher value of the dinar, in conjunction with the delete the zeros project.

How else could this author arrive at his conclusion?   They are pushing economic development forward.  

 

Screwball
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Re: Rate of exchange

Post by Screwball on Wed 06 May 2015, 3:25 am

It's coming baby! Break out that wish list!

fonz1951
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Re: Rate of exchange

Post by fonz1951 on Wed 06 May 2015, 12:08 pm

my wishlist is READY!

Proven
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Re: Rate of exchange

Post by Proven on Wed 06 May 2015, 12:18 pm

By the way, the removal of the 50 dinar note was in preparation for the delete the zeros project.  The plan is moving forward.  

http://nenosplace.forumotion.com/t33108p20-experts-50-dinars-born-dead-and-canceled-due-to-fraud-and-the-deletion-of-zeros

weslin3
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Re: Rate of exchange

Post by weslin3 on Wed 06 May 2015, 12:49 pm

As Captain Piccard on the Enterprise, "Engage."  

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dizzydee
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Rate of exchange

Post by dizzydee on Wed 06 May 2015, 8:14 pm

This was just sent to me and was wondering if anyone else has seen this.





Rate of exchange



5/6/2015 0:00


BAGHDAD - Al-Sabah
said the economic academic Dr. Majid Baidhani that the dinar exchange rate against the dollar will soon return from rates over a short period due to the slow recovery of oil prices Alaalmih.oukal in an interview for the "morning" that the reasons for the high price of the dollar against the dinar known but the coming period will witness Back to the exchange is close to the previous rates price because of the checks on the scene of victories (Daash) terrorist and high Alinvt.wachar Baidhani rates that the central bank measures announced by the beginning of last March will also contribute to the stability of the exchange rate after taking the market enough time for the purpose of determine the real exchange rate.

http://www.alsabaah.iq/ArticleShow.aspx?ID=92428

sassy
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Re: Rate of exchange

Post by sassy on Wed 06 May 2015, 10:02 pm

Good article dizzydee!  I like the wording { to determine the real exchange rate} yes

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