Parliamentary Finance demanding the central bank to intervene "urgently" to reduce the dollar exchan

 Parliamentary Finance Committee called on Monday, the Iraqi Central Bank, to immediately intervene to reduce the dinar exchange rate against the dollar,

The primary value of any company is its cash flows and earnings, which is dependent upon the quantity and quality of the product that it provides, and the sales price. Production is derived from reserves and the inventory of capital assets, production equipment, infrastructure, and acreage. Reserves lie below the surface and have not yet been produced but are economically and technically viable to extract. In North America, the United States Securities and Exchange Commission (SEC), the Ontario Security Commission (OSC), Toronto Stock Exchange (TSE), and Canadian Security Administration (CSA) provide guidelines on resource classifications and company requirements to list on their stock exchanges.

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The relative uncertainty of reserves is characterized by reference to deterministic categories – proved, P1 ("much more likely than not"); probable, P2 ("as likely than not"); and possible, P3 ("possible, but not likely") – or in probabilistic terms. If probabilistic methods are used, there should be at least a 90% probability that the quantities of proved reserves actually recovered will equal or exceed the estimate. For probable and possible reserves, the exceedance probabilities are 50% for probable and 10% for possible reserves.

jedi17 wrote:I kind of read this a little differently Ward.  I see this as good news as it means there are less American $ on the street, as the article stated "Market".  Not everyone can go into the bank now and get American $ unless they meet specific criteria.  If there is less American $ on the street then the dinar will start to rise as more Iraqis will be forced to use the dinar they have stuffed under their mattress, then this will take it out if circulation and we have read that more and more people are being paid on smart cards, these will only increase the value over time.

wciappetta wrote:

jedi17 wrote:I kind of read this a little differently Ward.  I see this as good news as it means there are less American $ on the street, as the article stated "Market".  Not everyone can go into the bank now and get American $ unless they meet specific criteria.  If there is less American $ on the street then the dinar will start to rise as more Iraqis will be forced to use the dinar they have stuffed under their mattress, then this will take it out if circulation and we have read that more and more people are being paid on smart cards, these will only increase the value over time.

Yeah I really wasn't going down that road, in fact my thoughts are kind of unrelated, I was simply thinking about this and realizing they haven't even touched the real assets; what it will mean and how they can accomplish it by simply employing the market formula already accepted on wall street. It's encouragement based on facts and accepted principles.