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

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

First topic message reminder :

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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
noced71
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Post by noced71 on Thu 23 May 2019, 8:15 pm

[You must be registered and logged in to see this link.] wrote:Done.



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When is implementation?


Here is part of the actual law:

Article 53 This Law shall be published in the Official Gazette and shall enter into force from the financial year following its promulgation.



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From the financial year? What does that mean?
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Post by Proven on Fri 24 May 2019, 7:49 am

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Done.



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When is implementation?


Here is part of the actual law:

Article 53 This Law shall be published in the Official Gazette and shall enter into force from the financial year following its promulgation.



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From the financial year? What does that mean?

My question also.  


I was hoping to get other points of view.


If you read the law, it specifies responsibilities and financial procedures for various government ministries.  


Obviously, applied next year.  


I can not say for this year.   
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Post by azareus on Fri 24 May 2019, 7:56 am

Jan 1st
weslin3
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Post by weslin3 on Fri 24 May 2019, 12:33 pm

Before July, this year.....
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Post by azareus on Fri 24 May 2019, 1:56 pm

Not a chance weslin, sorry
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Post by Stevethebrit on Fri 24 May 2019, 5:09 pm

[You must be registered and logged in to see this link.] wrote:Not a chance weslin, sorry
ance weslin, sorry
Do you know something? If not, how can you be so sure? We all want this to be done and dusted and I admit that it's more likely that it won't based on the history of false dawns but I've never seen a more positive period of news coming out of Iraq. 
People here are pinning hopes that it's soon but I see from you that it's no, no chance, not this year, no way. How about looking at the plus side. We are all in this mate, all together for all these years. I feel like I'm visiting relatives when I come here and I'm screening for any sign that we've got there. So much work is done by Rocky especially with others contributing in such great ways dissemination info for us for which I'm so grateful. 

Sorry for the dig but if you have definite info that this is not happening till next year then I apologise.
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Post by Lobo on Fri 24 May 2019, 5:15 pm

Stevethebrit

 

I agree, well said, brovo.

hi hi
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Post by mochasmom on Fri 24 May 2019, 5:27 pm

Az didnt you sell all of your dinar?
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Post by weslin3 on Fri 24 May 2019, 6:07 pm

Thanks

Stevethebrit!!!

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Post by Screwball on Fri 24 May 2019, 6:12 pm

[You must be registered and logged in to see this link.] wrote:Not a chance weslin, sorry
Yeah az why so positive? As is,only hanging around to say I told you so! Has no dinar so hey claim?  Think personally the news is great and that we could see a rate change and auctions end very very soon! Especially with us,pressure to stop currency flows to Iran! You want your money and gold stop the auctions! Threat was plain and simple!

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