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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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    Warning of a major financial collapse because of the hard currency at the central bank auction

    Rocky
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    Warning of a major financial collapse because of the hard currency at the central bank auction - Page 2 Empty Warning of a major financial collapse because of the hard currency at the central bank auction

    Post by Rocky Thu 03 Nov 2016, 7:32 am

    First topic message reminder :

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    03/11/2016

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    BAGHDAD / JD / .. charged with a number of specialists auction of foreign currency at the central bank as a gateway to smuggle money and bleached and Ihovernm corruption, stressing that the auction currency is limited to certain companies affiliated to political beneficiaries, while calling for the central bank to cancel the auction of the currency and improve its monetary policy to support the value of the Iraqi dinar .
    Says Nora Albjara committee member, said that "uncertainty dominates the work of the currency auction, there is talk of corruption and problems within his work."
    She Albjara Agency / KD / that "the central bank auction of depletion of foreign currency for it being a fake business, especially that of Jean economy, finance and integrity in Parliament in addition to the Integrity Commission did not discover any file corruption in his work and to reach those responsible for it, because reality shows that there are names it involved a major political and protector itself through political influence. "
    She pointed out that "the manipulation of the auction currency being in collaboration with some private banks, and if continued would lead to a major financial collapse", calling on the central bank to "take a number of measures for the import of essential things."
    For his part, criticized the economic and investment commission member of the parliamentary proof Mamouri, monetary policy pursued by the Central Bank of Iraq, which led to a huge waste of the financial reserves of the Central Bank.
    He said Mamouri told / KD / that "the central bank's policy of selling the currency led to a huge waste in a financial reserve of the bank after the dollar exchange rate in the domestic market reached more than 1,300 dinars to the dollar, while the official selling price of the bank rate does not exceed 1200 dinars per dollar. "
    The member of the economic and investment commission it "was supposed to be there is an increase in the reserve ratio of foreign currency at the central bank as shall receive a percentage of profits to sell the currency, but we see the opposite," calling on the bank to "pursue a new policy to sell the currency through the open window for sale direct to citizens and the rates prevailing in the market and achieve the benefit for the general budget of the state. "
    He noted a member of the economic and investment commission that "he will be hosting the central bank governor and directors of state banks in the coming days for clarification about the causes of decline of dollar reserves and its high price."
    For its part, the parliamentary finance committee confirmed that, if political and party quotas have embarrassed the work of government institutions, especially the economic ones, stressing "the need for the central bank is managed by professionals to the economy, money, and not according to quotas that destroyed Iraq's economy."
    Said committee member MP Magda Tamimi, that "the auction currency is increasing dramatically in spite of our appeals the many central bank's need to reduce the sales of hard currency, especially since such sales are sometimes covered from the reserve value of what adversely affects the quantity."
    She said "there is a great imbalance in the auction currency and central bank customers from the private sector are buying the dollar at the official rate to cover imports under the pretext of the state," arguing that "this step carrying imbalance intentional, the fact that selling the dollar at the official rate goes into the pockets of the corrupt."
    And was amazed Tamimi of the "insistence of the central bank to hold an auction of the currency," she wondered, "Is there an auction in the neighboring countries of the currency as it is in Iraq?", Claim to "cancel the auction of the currency at the central bank."
    Information published by the central bank on its website to indicate that the number of banks that handled the auction currency of 26 banks and 20 financial transfer company, and sold them from the third month of January and until the ninth of this month, $ 6.5 billion worth 1190 dinars to the dollar. ended / 8 /


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    duck2000
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    Warning of a major financial collapse because of the hard currency at the central bank auction - Page 2 Empty Re: Warning of a major financial collapse because of the hard currency at the central bank auction

    Post by duck2000 Thu 03 Nov 2016, 12:54 pm

    noced71 wrote:
    duck2000 wrote:tie this in with other article on small denoms and you have complete map!
    Is there a link? I did not see an article on small denoms today...
    lol .. never said it was from today !
    duck2000
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    Warning of a major financial collapse because of the hard currency at the central bank auction - Page 2 Empty Re: Warning of a major financial collapse because of the hard currency at the central bank auction

    Post by duck2000 Thu 03 Nov 2016, 12:55 pm

    duck2000 wrote:
    noced71 wrote:
    duck2000 wrote:tie this in with other article on small denoms and you have complete map!
    Is there a link? I did not see an article on small denoms today...
    lol .. never said it was from today !
    [You must be registered and logged in to see this link.]
    duck2000
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    Warning of a major financial collapse because of the hard currency at the central bank auction - Page 2 Empty Re: Warning of a major financial collapse because of the hard currency at the central bank auction

    Post by duck2000 Thu 03 Nov 2016, 12:59 pm

    guess you two missed a good one .. lol
    duck2000
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    Warning of a major financial collapse because of the hard currency at the central bank auction - Page 2 Empty Re: Warning of a major financial collapse because of the hard currency at the central bank auction

    Post by duck2000 Thu 03 Nov 2016, 1:00 pm

    duck2000 wrote:guess you two missed a good one .. lol

    Iraqi[You must be registered and logged in to see this link.]

                      
    [ltr]Monday, October 31.2016
    Mohammed Riad HamzaIt is unacceptable to keep the Iraqi dinar exchange rate against the US dollar and the currencies of industrialized capitalist countries and neighboring Arab countries is in the thousands. Valencod Iraqi dinar paper of the highest categories opens with four zeros paper ... the fifty thousand to 250 dinars a minimum.  
    The reality of the dinar current trading segments of confusing disabled economic, commercial and service activities for all. For the Iraqi market , the level of the reality of the dinar in the evaluation of trade operations, and a single sentence, is far from accurate price, as well as in the evaluation of real estate , buying and selling and lease, and banking facilities, and any trading assesses currency. Any deal large amounts of both ends need to fill categories of dinar bags for exchange between the seller and the buyer .oimkn see scenes of people carrying bags of dinar entrants to the banks or exchange houses or coming out of it.  

    And make sure that the reality of the Iraqi dinar and Dialh value segments purchasing a catalyst for the crimes of counterfeiting. In countries where equal their exchange rate with the Iraqi currency Mbtalat rigging the currency, and the counterfeit currency from the devastating effects on inter macroeconomic components of any State. 
    And the dinar Iraqi Rolling currently Bocefarh and Dialh value cashed important role in the rise of goods and services and rising inflation rates. As transactions in the wholesale exclude small - value segments of the dinar. The addition of a few thousand dinars to deal Consumer goods , or long - lived, and circulation of marketing to another port and into the hands of consumers, the price of the commodity Tuwalia ballooning number of marketing outlets. The reason is Dialh purchasing power of the categories of small dinar that are excluded when evaluating the price of any commodity.  
    On 27 August 2015 published (unit of economic studies links for Research and Strategic Studies Center) in his position on the Internet an important article included a reference to "that the Iraqi government may resort to editing dinar any (floated) something that will not solve the financial problem in the country, but would have a disastrous impact on the Iraqi citizen first class. on the other hand, the flotation is the port for speculators in the market to carry out money laundering and manipulation auction currency within the central bank. float currency Floating means Leave a currency floating rising exchange rate and declining reverse proportion to the cases of demand and supply in the market. and taking into account the level of emancipation of the national economy, and the adequacy of its performance, and flexibility of its production apparatus. It is the risk of this process as open the door to money laundering and diversion of corrupt money from the Iraqi dinar to currencies Free to smuggle them out. " the 
    survival of the purchasing power of the Iraqi dinar is weak seesaw at home and abroad are not supported with rampant financial corruption, the dinar conversion into other currencies smuggled abroad cause higher inflation. As to keep large amounts of Iraqi dinar in the market means inflation liquidity which makes it easier out more foreign currency from the country.
    The solution is not to delete zeros or dinar floated, but substituting new Iraqi dinars and to link the rate of exchange in US dollars. Be issued any new Iraqi dinars equivalent to the dollar in the exchange rate of the dinar .oatkon per hundred fils and groups: one dinar, five dinars and ten dinars, and twenty dinars, and fifty dinars, and one hundred dinars. Minting coins from fils and five fils, ten fils fils twenty, and fifty fils, and one hundred fils. Thereby ensuring the stability of the monetary system and the elimination of the imbalance in the current system , which has allowed widespread corruption.  
    As has been the abolition of the currency of the former regime after 2003 and replacing rolling dinar now, the current cancellation over a period of time and bring new dinar. 
    It is important that the Iraqi Central Bank assisted by experts from the "Council Federal reserve , " the US central bank in the Iraqi monetary system , the development of the currency enjoys the trust of the exchange of high locally and internationally
    Central banks play a major role in financial instruments control in all countries of the world, the most important tool in the hands of the Central Bank is the monetary policy, it is through an increase in cash flow (Liquidity) can stimulate the economy out of the state of economic crisis, or to help the economy grow by encouraging exports, reducing inflation 
    the currency peg of the Iraqi dinar in US dollars means installing currency dinar price of a fixed exchange rate (fixed exchange-rate) and much of the world this practice is based. There are 17 countries in the world have linked its currency to the US dollar. Including six Arab countries , namely Saudi Arabia, Jordan, Oman, the UAE, Bahrain and Qatar.  
    To link the Iraqi dinar to the dollar has several advantages the most important of the ease of exchange rate policy between the currency of the country and the rest of the world currencies all, where monetary authorities determine the rate specified for the disbursement of the dinar to the dollar, through which the determined relationship management the rest of the dinar currency, goes up for these currencies with the rising dollar and decreases with Ankhvadh.mn other hand, the dollar peg helps relatively protect the national economy from inflation as 
    well as help link in the case of oil -producing countries to stabilize their revenues in local currency when the devaluation of the dollar. Vpferd the stability of the oil price decline, the global value of the dollar does not lead to a decline in oil revenues of Iraq Dinars. 
    It will be issuing new Iraqi dinars a way to expose corruption as it requires replacement traded currency is the new currency. At that expose shelve those billions and billions of the current Iraqi dinar and act in the framework of the weak monetary system and politicized the farthest thing from transparency. As can be the Iraqi Central Bank and commercial banks had placed before the deal could expose any abuses , money laundering and smuggling of the Popular currency abroad.  
    The main reason behind the dollar peg is to maintain stability and increased confidence to deal with, and maintain a fixed exchange rate of the dinar rate would eliminate the so - called parallel market vowels (black market). This reinforces the confidence of investors and the stability of the monetary system and to maintain the purchasing power of consumers with limited income.
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    Lots of good stuff in this article.
    Thanks
    LIT
    duck2000
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    Warning of a major financial collapse because of the hard currency at the central bank auction - Page 2 Empty Re: Warning of a major financial collapse because of the hard currency at the central bank auction

    Post by duck2000 Thu 03 Nov 2016, 1:01 pm

    now just read da highlights no... go to link and soak it allllllllllllllllllllll in !
    avatar
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    Post by merrygoround Thu 03 Nov 2016, 1:28 pm

    ok, I will.  thanks duckie
    Rocky
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    Post by Rocky Thu 03 Nov 2016, 1:33 pm

    lit posted that one in oct 31st

    it was a good thread, look here


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    [You must be registered and logged in to see this image.] by [You must be registered and logged in to see this link.] on Mon Oct 31, 2016 11:37 pm

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    noced71
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    Warning of a major financial collapse because of the hard currency at the central bank auction - Page 2 Empty Re: Warning of a major financial collapse because of the hard currency at the central bank auction

    Post by noced71 Thu 03 Nov 2016, 1:36 pm

    duck2000 wrote:now just read da highlights no... go to link and soak it allllllllllllllllllllll in !
    SOAKING IT IN LIKE THE FLORIDA MIAMI SUN!!!!! SUWEET!!!! Dance Dance Dance Dance Dance Dance

    thanks QUACKERS!

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