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

    Proven
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    Post by Proven 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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    Post by day dreamer 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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    Post by ron-man Fri 01 Mar 2013, 9:44 am

    This is real good stuff.
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    Stevethebrit
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    Post by Stevethebrit Fri 01 Mar 2013, 12:00 pm

    Thanks Proven, great find.
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    Post by weslin3 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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    Post by Proven Fri 01 Mar 2013, 12:18 pm

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

    Thanks Proven a good read.
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    Post by zimi31 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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    Post by Neno 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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    Post by mollie09 Fri 01 Mar 2013, 1:14 pm

    :cheers: :cheers: thanks proven and hkp1

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