Established in 2006 as a Community of Reality

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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.

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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


5 posters

    Financial expert: dollar sales increase in the central bank auction will affect the hard currency re

    Hkp1
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    • Post n°1

    Financial expert: dollar sales increase in the central bank auction will affect the hard currency re Empty Financial expert: dollar sales increase in the central bank auction will affect the hard currency re

    Post by Hkp1 Wed 02 Jan 2013, 12:02 pm

    Financial expert: dollar sales increase in the central bank auction will affect the hard currency reserves

    Date: 02/01/2013 11:37:34 Wednesday



    Baghdad (news) .. Financial expert warned Mohsen Ali, of increasing dollar amounts sold at auction the central bank because it will affect the size of the monetary reserves of hard currency located at the Central Bank.

    Ali said (of the Agency news): The current monetary policy pursued by the central bank is not built on the basis of cash or bank valid evidence it increases the offer to sell the U.S. dollar in the auction did not think the existing reservoir of hard currency has.

    He explained: that the source of hard currency "dollar" comes through the sale of oil and there is no other sources can be relied on to attract hard currency for the country, when increased amounts of dollar sold at auction the central bank will reduce the monetary reserves of foreign currency, thus affecting the value of the Iraqi dinar against other currencies international.

    This was the Iraqi Central Bank announced an increase sales of the dollar to reach more than $ 299 million in its daily auction, exchange rate was 1166 dinars for one dollar, and with the participation of up to 24 local banks. / End / 8. N. P     /


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    weslin3
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    • Post n°2

    Financial expert: dollar sales increase in the central bank auction will affect the hard currency re Empty Re: Financial expert: dollar sales increase in the central bank auction will affect the hard currency re

    Post by weslin3 Wed 02 Jan 2013, 12:35 pm

    So value the IQD..
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    Wayne Irby
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    • Post n°3

    Financial expert: dollar sales increase in the central bank auction will affect the hard currency re Empty Re: Financial expert: dollar sales increase in the central bank auction will affect the hard currency re

    Post by Wayne Irby Wed 02 Jan 2013, 1:00 pm

    weslin3 wrote:So value the IQD..
    DITTO!
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    Neno
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    • Post n°4

    Financial expert: dollar sales increase in the central bank auction will affect the hard currency re Empty Re: Financial expert: dollar sales increase in the central bank auction will affect the hard currency re

    Post by Neno Wed 02 Jan 2013, 2:25 pm

    He explained: that the source of hard currency "dollar" comes through the sale of oil and there is no other sources can be relied on to attract hard currency for the country, when increased amounts of dollar sold at auction the central bank will reduce the monetary reserves of foreign currency, thus affecting the value of the Iraqi dinar against other currencies international.
    Now this reminds of what Ali has always said with the HCL pertaining to the OIL, the more Oil they sell, the more their hard currency reserves add up. The more they add up the more they will have to give back (exchange with)for their own currency in return. <--That's my opinion. WE just want them to go GLOBALLY!.. ;)
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    weslin3
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    • Post n°5

    Financial expert: dollar sales increase in the central bank auction will affect the hard currency re Empty Re: Financial expert: dollar sales increase in the central bank auction will affect the hard currency re

    Post by weslin3 Wed 02 Jan 2013, 5:50 pm

    Yes..... I think that is what we are waiting for. :D
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    wciappetta
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    • Post n°6

    Financial expert: dollar sales increase in the central bank auction will affect the hard currency re Empty Re: Financial expert: dollar sales increase in the central bank auction will affect the hard currency re

    Post by wciappetta Thu 03 Jan 2013, 6:02 am

    Hkp1 wrote:Financial expert: dollar sales increase in the central bank auction will affect the hard currency reserves

    Date: 02/01/2013 11:37:34 Wednesday



    Baghdad (news) .. Financial expert warned Mohsen Ali, of increasing dollar amounts sold at auction the central bank because it will affect the size of the monetary reserves of hard currency located at the Central Bank.

    Ali said (of the Agency news): The current monetary policy pursued by the central bank is not built on the basis of cash or bank valid evidence it increases the offer to sell the U.S. dollar in the auction did not think the existing reservoir of hard currency has.

    He explained: that the source of hard currency "dollar" comes through the sale of oil and there is no other sources can be relied on to attract hard currency for the country, when increased amounts of dollar sold at auction the central bank will reduce the monetary reserves of foreign currency, thus affecting the value of the Iraqi dinar against other currencies international.

    This was the Iraqi Central Bank announced an increase sales of the dollar to reach more than $ 299 million in its daily auction, exchange rate was 1166 dinars for one dollar, and with the participation of up to 24 local banks. / End / 8. N. P     /


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    This is such a lack luster remark and I know this guy knows better or perhaps the reporter only wrote with a limited scope .... There is also the wealth value of all those hydrocarbon fuels [oil, gas] and just as Gold and other precious metals is a wealth preserver so too oil and gas reserves can be added to the GDP. [Didn't Iraq just purchase huge amounts of gold?] Similar to oil companies who book oil reserves of production sharing contracts as an on the books asset calculated in the companies true value, Iraq can do the same. Those assets currently are not being included, but they will....Just as soon as chapter VII lifts....

    This fellow reportedly said back in May last year Iraq is still shackled by Chapter VII of the UN and how that affected the work of Iraqi banks. He added that the withdrawal of Iraq from Chapter VII has become an
    urgent necessity at the present time, especially after the return of
    Iraqi relations with external countries with reservations about Iraq as a
    result of the policy of the former regime as a state of Kuwait, in
    order to give Iraq full freedom to act on his money and Iraqi bank
    transactions with the world.... Wow that's a mouthful ....


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    • Post n°7

    Financial expert: dollar sales increase in the central bank auction will affect the hard currency re Empty Re: Financial expert: dollar sales increase in the central bank auction will affect the hard currency re

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