Mohammed Allawi: Iraqi dinar could collapse within two years

by lonelyintexas Fri 23 Oct 2015, 1:48 pm

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Post n°1

Mohammed Allawi: Iraqi dinar could collapse within two years

by lonelyintexas Fri 23 Oct 2015, 1:48 pm

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[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.
Thanks
LIT
Dance

by **wciappetta** Sat 24 Oct 2015, 7:28 am

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Post n°11

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

by wciappetta Sat 24 Oct 2015, 7:28 am

LOL Geez there are absolutely no worries here... All this is based on the current price of oil. Anyone believe oil is staying this low much longer? Besides the fiscal climate is an accelerator to get things done. Just remember these words " returning to the Market economy within six months of 2016" All the rest of this is words to fill space.

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[You must be registered and logged in to see this link.]In the beginning was the Word, and the Word was with God, and the Word was God.... For from His fullness, we have all received and grace upon grace. For the Law was given through Moses; grace and truth came through Jesus Christ. No one has ever yet seen God. The only begotten God, the One being in the bosom of the Father, He has made Him known. - Berean Literal Bible

by **Neno** Sat 24 Oct 2015, 8:19 am

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Post n°12

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

by Neno Sat 24 Oct 2015, 8:19 am

Actually with in 8 months is the information set forth in the articles.

by **wciappetta** Sat 24 Oct 2015, 10:39 am

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Post n°13

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

by wciappetta Sat 24 Oct 2015, 10:39 am

You're skimming again I didn't say six months from today ....

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[You must be registered and logged in to see this link.]In the beginning was the Word, and the Word was with God, and the Word was God.... For from His fullness, we have all received and grace upon grace. For the Law was given through Moses; grace and truth came through Jesus Christ. No one has ever yet seen God. The only begotten God, the One being in the bosom of the Father, He has made Him known. - Berean Literal Bible

by sassy Sat 24 Oct 2015, 10:49 am

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Post n°14

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

by sassy Sat 24 Oct 2015, 10:49 am

He sure is ward, imagine that! lol

by **Neno** Sat 24 Oct 2015, 11:13 am

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Post n°15

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

by Neno Sat 24 Oct 2015, 11:13 am

Lol, skimming..... laugh

by Talon777 Mon 26 Oct 2015, 3:09 am

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Post n°16

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

by Talon777 Mon 26 Oct 2015, 3:09 am

Are we waiting on something specific now for the RV or whatever? Like a law or something? Or are we simply waiting for them to just do it? I seemed to have disconnected for the past year and do not know what we are waiting on anymore...been ten years already geez.

_Talon777