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Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange

rocky
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dinar - Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange  Empty Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange

Post by rocky on Wed 20 Mar 2019, 3:07 am

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Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate p


20-03-2019 08:06 AM 
Number of readings:


 
 
 
 
Agency of the orbit -



[rtl]Baghdad[/rtl]


 


[rtl]The member of the Finance Committee of Parliament Abdul Hadi al-Saadawi, on Wednesday, the intention of his committee to develop mechanisms to change the financial funds to raise the dinar exchange rate and maintain the stability of inflation.[/rtl]


 


[rtl]"The committee will move during the current legislative term to change the fiscal and monetary policy in the country in general," Saadawi said in a statement exclusive to the newspaper / Al-Sabah and the official / Al-Madar said that "the committee is meeting with officials of the Central Bank to discuss this change during Next stage '.   [/rtl]






[rtl]He added that 'the financial Parliament is keen  to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state', indicating that 'the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country '.  [/rtl]






[rtl]"The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment."[/rtl]


 


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Last edited by rocky on Wed 20 Mar 2019, 6:20 am; edited 1 time in total
Quietlight
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Post by Quietlight on Wed 20 Mar 2019, 4:47 am

Wonder what the last paragraph is saying?
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Post by Proven on Wed 20 Mar 2019, 5:08 am

Thanks Rocky.


Nice.


Traditional methods could be translated as usual or established methods....Synonyms.  


The reference is to currency auctions.  


"At the moment," looks to reference the next phase.  In effect, the traditional currency auctions will be no longer appropriate in the next phase.   


Raise the exchange rate to address inflation.  Very clear.  


The next phase is coming!
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Post by azareus on Wed 20 Mar 2019, 5:25 am

we can only hope Proven :)
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Post by rocky on Wed 20 Mar 2019, 6:54 am

[size=32]Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate[/size]


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[rtl]Continue[/rtl]













[rtl]The member of the Finance Committee of Parliament Abdul Hadi al-Saadawi, on Wednesday, the intention of his committee to develop mechanisms to change the financial funds to raise the dinar exchange rate and maintain the stability of inflation.[/rtl]













[rtl]"The committee will go through the current legislative term to change the fiscal and monetary policy in the country in general," Saadawi said in a statement exclusive to the official newspaper "Sabah" that "the committee is meeting with officials of the Central Bank to discuss this change during the next phase."[/rtl]













[rtl]He added that 'the financial Parliament is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state', indicating that 'the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country '.[/rtl]













[rtl]"The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment."[/rtl]









aletejahtv.com

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Last edited by rocky on Wed 20 Mar 2019, 3:40 pm; edited 3 times in total
annieharbers
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Post by annieharbers on Wed 20 Mar 2019, 9:55 am

Thanks Rocky
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Post by weslin3 on Wed 20 Mar 2019, 10:48 am

Wow! This is significant...!!!!  bounce
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Post by weslin3 on Wed 20 Mar 2019, 11:02 am

So now my BIG question is "When is the next phase?" ok
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Post by Lobo on Wed 20 Mar 2019, 12:48 pm

Thanks Rocky, I am wondering if the Basel lll deadline of March 29 and central banks to be gold backed - sovereign bonds = money, has anything to do with the speed up - just might be our "ticket" out of the waiting game.

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Post by Stevethebrit on Wed 20 Mar 2019, 1:23 pm

Love seeing these articles. They look like they have intention too. We'll see.

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