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Neno's Place Established in 2006 as a Community of Reality


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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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Mohammed Allawi: Iraqi dinar could collapse within two years

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Mohammed Allawi: Iraqi dinar could collapse within two years Empty Mohammed Allawi: Iraqi dinar could collapse within two years

Post by lonelyintexas Fri 23 Oct 2015, 1:48 pm

[size=33]Mohammed Allawi: Iraqi dinar could collapse within two years[/size]

 10/21/2015 8:41

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Baghdad - INA / MP and former minister Mohammed Allawi, on Wednesday, the possession of the Central Bank of Milarat dinars has not pumped into the local markets, while stressing the need to develop economic solutions to the crisis out of the current crisis, warned of the collapse of the Iraqi dinar in two years. 

Allawi said In a comment posted on his page on the social networking site (Facebook) that "the problem is not liquidity, central bank has billions of dinars printed and that have not inflicted to the market, and could have inflicted whenever he wants, but he can prints new dinars and inflicted to the market." 

He pointed out "The sole determinant in the available cash in the street is critical cover from the reserve to the dollar," pointing out that "in 2013 the reserve was more than 230% of the cash mass Dinars, which is a high percentage, but due to lack of reserve that percentage dropped to about 170%, which is also high but if the situation continues as it is now will reach to 100% under this rate we will enter in the caution zone

"said Allawi, a former Minister of Communications, that" if it reaches the cap of 60%, we will enter in the danger area ratio and hence the risk, where if we do not provide then the collapse of the dinar solutions where we can reach a point where the central bank is unable to provide the dinar against the dollar and we could get to this point with certainty within a period not exceeding two years. "

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Don't anyone panic we are still in the 170% zone.
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Mohammed Allawi: Iraqi dinar could collapse within two years Empty Re: Mohammed Allawi: Iraqi dinar could collapse within two years

Post by duck2000 Fri 23 Oct 2015, 1:51 pm

wait lit what are you saying? panic ..quick.. sell..sellll....sellllll
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Post by CITEX Fri 23 Oct 2015, 2:25 pm

and hence the risk, where if we do not provide then the collapse of the dinar solutions

HMMM I wonder what a solution could be.... sounds like they need to get it done within 2 years....
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Post by mochasmom Fri 23 Oct 2015, 5:30 pm

Now two years, gets better and better
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Post by duck2000 Fri 23 Oct 2015, 5:43 pm

mochasmom wrote:Now two years, gets better and better
even mocha says panic ..two more years!
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Post by Neno Fri 23 Oct 2015, 6:42 pm

duck2000 wrote:wait lit what are you saying? panic ..quick.. sell..sellll....sellllll
Hut-oh!
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Post by Neno Fri 23 Oct 2015, 6:44 pm

duck2000 wrote:
mochasmom wrote:Now two years, gets better and better
even mocha says panic ..two more years!
lol, everyone knows mochs readiness, all she looks for... drunk
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Post by dizzydee Fri 23 Oct 2015, 10:29 pm

IMF: Baghdad is not currently at risk of running out of liquidity





October 22, 2015


Baghdad/Iraq News Network-a senior official ruled out the International Monetary Fund shows Iraq in danger of running out of liquidity "الافلاس″," revealing the intention of the IMF loan big Iraq. "the Director of the Middle East and Central Asia Department of the IMF, Masood Ahmed said in a press statement:" Baghdad is not currently at risk of running out of liquidity, they can postpone investment projects relying on Central Bank financing if necessary."The Fund has granted Iraq a major loan in 2016 to help it achieve financial stability at a time when Baghdad because of falling oil prices and the war waged against daash." he noted Ahmed, "a team from the Fund would discuss with Iraqi officials early next month means placing a follow-up programme to monitor the Fund's experts in the framework of the economic policies of the country." We hope to build a record of the application.SAT is the basis for another funding program from the International Monetary Fund later in 2016 ", adding that" new Monetary Fund loan would weaken "the Fund approved emergency funding in July this year reached 1.24 billion dollars worth." but said that "the Government needs to develop a clear and comprehensive plan to reform the finances and the IMF program may help in that." said it "believes that the authorities wish to proceed Reforms but stressed that any policy changes must be "socially and politically sustainable" and thus would not seek to impose Monetary Fund options. "Iraqi Prime Minister Haidar Al-Abbadi, Finance Minister and Central Bank Governor to realize all they need to take tough decisions." substantial loan will come from the IMF in terms of economic policy, including steps taken by Baghdad to cut energy subsidies and reform of State-owned enterprises which may be politically difficult.

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Post by Screwball Fri 23 Oct 2015, 11:30 pm

duck2000 wrote:
mochasmom wrote:Now two years, gets better and better
even mocha says panic ..two more years!
Duck says two more years! You can just read the posts! Lol.....you know peeps are on the edge!
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Post by Stevethebrit Sat 24 Oct 2015, 4:21 am

Neno wrote:
duck2000 wrote:
mochasmom wrote:Now two years, gets better and better
even mocha says panic ..two more years!
lol, everyone knows mochs readiness, all she looks for... drunk
I'm with Mocha on that one, that's what I'm looking for too. Just a titbit that might slip out in the media. There does seem to be more of a sense of control right now so I don't expect there to be any major slip ups before the next phase. Looking good for early next year. The ducks (pardon the pun) are seriously falling into place now. The Endgame cometh.

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