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Established in 2006 as a Community of Reality

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Economic adviser for "balance of News": Article 50 behind the rise in dollar prices

Proven
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Economic adviser for "balance of News": Article 50 behind the rise in dollar prices Empty Economic adviser for "balance of News": Article 50 behind the rise in dollar prices

Post by Proven on Sun 19 Apr 2015, 12:49 pm

Economic adviser for "balance of News": Article 50 behind the rise in dollar prices

Since 19/04/2015 15:36 pm (Baghdad time)

Special scales News

Alaguettsada adviser to Prime Minister revealed the appearance of Mohammed Saleh, Sunday, that one of the reasons for the high dollar prices back to Article 50 of the current budget, which identified the central bank to sell less than 75 million dollars a day in the auction law.

Saleh said L / scales News / "After identifying the auction of certain quantities of operations led dollar selling to the emergence of a new market for the sale of a parallel dollar auction a controlling operations selling currency based on false rumors to raise prices and make a speculation in the market," he said, adding that he "must The government must develop treatments for this article, which restricted the work of the Bank and led to the rise in dollar prices during the last term. "

Economic Adviser to the Prime Minister and the likely decline in the US dollar against the Iraqi dinar, stressing that "the government will take measures to address the situation in coordination with the Central Bank."

The "Prime Minister Haider al-Abadi called for the central bank to control the Iraqi dinar exchange rate against foreign currencies."

The "Economic Committee in the House of Representatives has attributed the rise in the dollar exchange rate to the total effects of the decisions taken by the Central Bank during the past few days to support economic development," .anthy 29 / d 25

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Post by Neno on Sun 19 Apr 2015, 12:57 pm

I like the order called... ;)

The "Prime Minister Haider al-Abadi called for the central bank to control the Iraqi dinar exchange rate against foreign currencies."
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Post by Proven on Sun 19 Apr 2015, 1:04 pm

Economic Adviser to the Prime Minister and the likely decline in the US dollar against the Iraqi dinar, stressing that "the government will take measures to address the situation in coordination with the Central Bank."


What measure could the Iraqi government take that would address the decline in the exchange rate and would need coordination with the Central Bank?  How about activating the investment law of 2006 with all amendments.  This would flood Iraq with investors.  The central bank would need to adjust the exchange rate for the influx of dollars buying up dinars and implement the delete the zeros project.  It would be the starting point of economic development.
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Post by duck2000 on Sun 19 Apr 2015, 5:39 pm

implemetation has started allready!>>>
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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 Tue Mar 03, 2015 6:10 am
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Tuesday 3 March 2015 12:47
 
 
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Alsumaria News / Baghdad 
announced the Governor of the Central Bank on the Keywords, on Monday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation, he stressed that this process will be preceded by the administrative and regulatory processes. 



Alak said in a press conference held at the bank building and attended by Alsumaria News , "The project to delete the zeros is based was put into practice, and we gave the green light to start with," noting that "The project needs a period of time may extend to two years or more."
 

He Keywords that "this process will be preceded by regulatory and administrative operations and form in which it will be starting out in walking," noting that "the bank began creating currency models and training of cadres on it." 



The Iraqi Central Bank announced in May 2012 that the process of deleting the zeros will be transferred Iraq from a country trillions to billions, noting that the currency replacing the process needs to be approved by parliament.



 He accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed to persecuting, blaming those actors responsible for exposing the financial interests of the country to danger. It is noteworthy that some economists say that Iraq is ready for the time being to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as stability of the economy.
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Post by gmc on Sun 19 Apr 2015, 5:41 pm

[You must be registered and logged in to see this link.] wrote:implemetation has started allready!
thanks duck thumbs
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Post by Proven on Sun 19 Apr 2015, 5:43 pm

Sorry Duck,  You are right.  I should have said finish.
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Post by Franky on Sun 19 Apr 2015, 5:45 pm

[You must be registered and logged in to see this link.] wrote:implemetation has started allready!>>>
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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 Tue Mar 03, 2015 6:10 am
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Tuesday 3 March 2015 12:47
 
 
[You must be registered and logged in to see this image.]

 
 
Alsumaria News / Baghdad 
announced the Governor of the Central Bank on the Keywords, on Monday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation, he stressed that this process will be preceded by the administrative and regulatory processes. 



Alak said in a press conference held at the bank building and attended by Alsumaria News , "The project to delete the zeros is based was put into practice, and we gave the green light to start with," noting that "The project needs a period of time may extend to two years or more."
 

He Keywords that "this process will be preceded by regulatory and administrative operations and form in which it will be starting out in walking," noting that "the bank began creating currency models and training of cadres on it." 



The Iraqi Central Bank announced in May 2012 that the process of deleting the zeros will be transferred Iraq from a country trillions to billions, noting that the currency replacing the process needs to be approved by parliament.



 He accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed to persecuting, blaming those actors responsible for exposing the financial interests of the country to danger. It is noteworthy that some economists say that Iraq is ready for the time being to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as stability of the economy.
thanks Duck!! I am so ready for this to be over!!!
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Post by duck2000 on Sun 19 Apr 2015, 5:48 pm

noting that "the bank began creating currency models and training of cadres on it
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Post by lonelyintexas on Sun 19 Apr 2015, 6:39 pm

[You must be registered and logged in to see this link.] wrote:noting that "the bank began creating currency models and training of cadres on it


We are making great progress, and I hope they are fast learners.
Thanks
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