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Parliamentary Finance Committee calls on the Government to impose investment companies trading in I

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Proven
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Parliamentary Finance Committee calls on the Government to impose investment companies trading in I

Post by Proven on Thu 28 Feb 2013, 11:06 pm

Parliamentary Finance Committee calls on the Government to impose investment companies trading in Iraqi dinars
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February 27, 2013, 9:40 am





Parliamentary
Finance Committee called on the government to impose the Iraqi dinar in
the dealings of investment companies operating in the country with a
view to supporting and strengthening of the local currency abroad.


A
member of the Commission and the Iraqi List MP Hassan al-Bayati said in
an interview transferred reporter "news agency, Iraqi," that: "directed
the Central Bank to support investment in dinars will support the
national currency and the Iraqi economy, and this prompts us to call to
rely on the dinar all insider and external to increase its value and
enhance confidence of the world and be a competitor of international
currencies. "


He
added that: "Most countries in the world depend commercial and
investment operations on its national currency, while Iraq still depends
on the dollar, mark the value of the Iraqi dinar parked on the price of
the U.S. dollar."



Author: (f. A.. Iraqi - Baghdad - a. T)
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day dreamer
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Re: Parliamentary Finance Committee calls on the Government to impose investment companies trading in I

Post by day dreamer on Fri 01 Mar 2013, 9:07 am

"directed
the Central Bank to support investment in dinars will support the
national currency and the Iraqi economy,
and this prompts us to call to
rely on the dinar all insider and external to increase its value and
enhance confidence of the world and be a competitor of international
currencies.
"



:)


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ron-man
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Re: Parliamentary Finance Committee calls on the Government to impose investment companies trading in I

Post by ron-man on Fri 01 Mar 2013, 9:44 am

This is real good stuff.

Stevethebrit
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Re: Parliamentary Finance Committee calls on the Government to impose investment companies trading in I

Post by Stevethebrit on Fri 01 Mar 2013, 12:00 pm

Thanks Proven, great find.
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weslin3
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Re: Parliamentary Finance Committee calls on the Government to impose investment companies trading in I

Post by weslin3 on Fri 01 Mar 2013, 12:10 pm

"this prompts us to call to
rely on the dinar all insider and external to increase its value and
enhance confidence of the world and be a competitor of international
currencies. "

Yep! They can be... just RV...
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Proven
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Re: Parliamentary Finance Committee calls on the Government to impose investment companies trading in I

Post by Proven on Fri 01 Mar 2013, 12:18 pm

[You must be registered and logged in to see this link.] wrote:Thanks Proven, great find.

Your welcome. They are showing the plan if you can see it. I'll put some of the pieces together. As investors flood into the country with money to invest, they will increase the demand for currency, and all oil related assets. According to Shabibi, investors will cause massive inflation trying to purchase everything not nailed to the ground. Additionally, the Iraqi government will spend significant dinars rebuilding with imported materials, adding to inflation. In order to put Iraqis on equal footing for investments, and reduce the cost of imported goods, they will revalue the currency. I just spotted another article with more details on the plan. I'll get it. It's in the US State Dept report on Iraq dated February 2013 posted in the International topic section.


Last edited by Proven on Fri 01 Mar 2013, 12:27 pm; edited 1 time in total (Reason for editing : Added details)
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ron-man
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Re: Parliamentary Finance Committee calls on the Government to impose investment companies trading in I

Post by ron-man on Fri 01 Mar 2013, 12:48 pm

Thanks Proven a good read.
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zimi31
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Re: Parliamentary Finance Committee calls on the Government to impose investment companies trading in I

Post by zimi31 on Fri 01 Mar 2013, 12:49 pm

Thanks for the post and the explanation Proven!!! All the arrows are pointing in the same direction...very nice!!! :D
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Neno
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Re: Parliamentary Finance Committee calls on the Government to impose investment companies trading in I

Post by Neno on Fri 01 Mar 2013, 1:10 pm

He
added that: "Most countries in the world depend commercial and
investment operations on its national currency, while Iraq still depends
on the dollar, mark the value of the Iraqi dinar parked on the price of
the U.S. dollar
."
I am taking this "parked: term to mean the program rate but, it could mean the pegging. The article as a whole tho is referring to raising the value, internationally and globally.


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mollie09
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Re: Parliamentary Finance Committee calls on the Government to impose investment companies trading in I

Post by mollie09 on Fri 01 Mar 2013, 1:14 pm

:cheers: :cheers: thanks proven and hkp1

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