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New measures to curb manipulation in hard currency and the elimination of the monopoly speculators

wciappetta
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New measures to curb manipulation in hard currency and the elimination of the monopoly speculators - Page 2 Empty New measures to curb manipulation in hard currency and the elimination of the monopoly speculators

Post by wciappetta on Wed 16 Nov 2016, 1:09 pm

First topic message reminder :

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[size=14]November 14 2016 20:56 |  Number of views: 453[/size]
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[size=13]New measures to curb manipulation in hard currency and the elimination of the monopoly speculators .. adviser Abadi's "Zora": the central bank intends to reduce the price of the dollar and inflation is the lowest in half a century[/size]

Zora / Laith Jawad: 
Prime Minister for Financial Affairs Advisor to detect the appearance of Mohammed Saleh , the central bank 's determination to reduce the dollar exchange rate against the dinar by eliminating the monopoly of the dollar operations by some speculators, as explained that inflation in Iraq , not to exceed the 2 percent, the least since 50 years in the history of Iraq, stressed the economic expert Majid picture directed the bank to take new measures to rein in prices of speculative operations. Saleh said in an interview for «Zora»: The Bank operates in two directions, the first reduction of the dollar against the Iraqi dinar, the second direction to stabilize the exchange rate in the country, noting that the rise in the dollar exchange rate caused by speculation by the traders if the exchange rate difference between The bank market of 10 points. Saleh added: that the bank was able to eliminate the monopoly power in those Alasouk or has been able to penetrate through to meet the market needs of hard currency, stressing that the central bank sales and large meet the market 's needs. 
[size=14]Saleh pointed out that the Iraqi market is dependent on the dollar zones and of East Asian countries that suffer from depression and low prices, explaining that the amount of inflation in Iraq is at least 50 years ago , if a 2% which is very low compared with the countries of the world. Meanwhile , a economist Majid picture in an interview with«Zora»: 

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The general orientation of the central bank is working to restore the Iraqi dinar exchange rate against the dollar to its former glory in collaboration with government banks, indicating that the bank seeks to make way for government banks to carry out sale the dollar put pressure on speculators in the markets. 
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He explained the picture: that the dollar price depends on demand and supply process, which is always exploited by speculators to achieve personal benefits, noting that the bank start new measures to reduce the price of the dollar against the dinar,

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but this process may take time to reach the desired end. Image stressed that the success of this approach needs to be concerted all government institutions, particularly the border crossing points and in the efforts of all kinds throughout the country and carry out its required role and limit the operations of corruption in addition to the tax.
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He said economic experts, yesterday, the low price of the dollar against the Iraqi dinar after the central bank to take several measures in collaboration with some private banks, indicating that the decline occurred in the US dollar exchange rate against the Iraqi dinar by almost eight points. He explained: that this decline comes after the Central Bank of Iraq has taken several measures in collaboration with some private Iraqi banks Almltzmh.ahar to the US dollar in the Iraqi market is equal to 1290 Iraqi dinars.
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[You must be registered and logged in to see this link.] For I know the thoughts that I think toward you, saith the LORD, thoughts of peace, and not of evil, to give you an expected end. Then shall ye call upon me, and ye shall go and pray unto me, and I will hearken unto you. And ye shall seek me, and find me, when ye shall search for me with all your heart.
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Post by Screwball on Wed 16 Nov 2016, 4:07 pm

Dance banna2 banna3
weslin3
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Post by weslin3 on Wed 16 Nov 2016, 6:23 pm

duck                  Let's do the duck dance...


Last edited by weslin3 on Wed 16 Nov 2016, 6:25 pm; edited 1 time in total (Reason for editing : didn't put my picture in)
wciappetta
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Post by wciappetta on Thu 17 Nov 2016, 9:54 am

The official definition of what returning to the former glory means:

The stability of the exchange rate of the dinar against the dollar
4.8.2008

CAIRO - Muhammad Khalifa



Dr. Sinan Alshabibi Governor of the Central Bank exchange rate stability of the Iraqi dinar against the dollar, and that the bank encourages citizens to buy dinar and handling and keeping it



Where currencies began his confidence day by day and became keen on the conduct of the dollar and the dinar rather buy it as it saw Amian revealed dinar return to power, which led to the elimination of inflation, which we suffer from in the past.

He said Alshabibi told the (morning) during his participation in the Arab banking conference in 2008, held in Cairo under the slogan (the role of banks in financing investment projects in Arabic) sponsored by the Arab League,
we aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar and other foreign currencies and we are endeavouring and serious in this regard, but added that this process is not easy and simple and depends on the supply and demand of Iraqi dinars.


And encourage the private sector in the transfer of capital between countries reported: that opportunities are open to all and free to move money to any country that wants alluding shortage of regulatory issues in this area because we are still suffering from a routine killer in most government departments, explaining that there Many banks have formed a civil relations with a wide Arab and international banks and well and bode well Annci and we were in isolation from the world banking over 30 years but at the same time we are moving very fast pace.

For his part, Associate Director of the Rafidain Bank Mohsen Abdel Hassan told (morning), which participated in the conference representatives from the banking Rafidain Bank came to participate in order to continue the banking interface between Iraq and Arab countries and return to the Arab ranks banking indicating that the participation of Iraqi banks in these conferences Arab and meetings are very positive because it is through the identification of the latest developments at the Arab Banking addition to agreements with various banks participating Conference.

He added that the Rafidain Bank has eight branches in the Arab countries two in Jordan and the other in Lebanon and Syria and Abu Dhabi, Cairo and Yemen, we have an ambitious plan to increase the number of bank branches to reach all the Arab countries, and provides services to these branches Iraqi community in the transfer of funds and other banking transactions addition to pay retirees of Iraqis who live in these countries.

He connected at the level of board chairman of the Union of Arab Banks Adnan Hamad Youssef told (morning): We have established strong relations with Iraqi banks as we work together to invest funds in the reconstruction of Iraq and through our union together, pointing out that we approached the Iraqi bank now to send a number of working in the Iraqi banks for training and rehabilitation in the Union and at the hands of expert professional bankers pointed out that we in the European aspire to attract bankers Iraqis through their support at all levels within and outside Iraq, explaining that the Federation began an ambitious plan establishment of several bank branches belonging Arab tent Union in Iraq After improvement of security.


Certified further in US State Dept document....


The future of Iraq Project
 
[url=http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB198/FOI Economy and Infrastructure.pdf][You must be registered and logged in to see this link.][/url]
 
Written in Dec 2002, declassified June 22 2005

page 14


"To sustain the likely positive impact of the new currency, it is essential to re-establish the base purchasing and foreign exchange value of the NID as it was in the 1970's" (the value is referenced in first sentence of page 14 of the doc at $ 3.30 USD)

footnote states: [See bottom of page footnote #one]

"The sensitivity of any suggested or anticipated value of the NID should be considered carefully and hence it is advisable that any suggestions in this regard must not be propagated."

[Shhhhh...don't tell anyone lol]


Last edited by wciappetta on Thu 17 Nov 2016, 8:04 pm; edited 1 time in total


_________________
[You must be registered and logged in to see this link.] For I know the thoughts that I think toward you, saith the LORD, thoughts of peace, and not of evil, to give you an expected end. Then shall ye call upon me, and ye shall go and pray unto me, and I will hearken unto you. And ye shall seek me, and find me, when ye shall search for me with all your heart.
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Post by Lobo on Thu 17 Nov 2016, 10:40 am

Thanks, Ward.  This is great news, hope we see the blessing very, very soon - thanks again for all you do.

Lobo
wciappetta
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Post by wciappetta on Thu 17 Nov 2016, 11:19 am

For the record todays' Kuwait dinar rate is $3.28 plus or minus a penny is the word soooo all of this fits the plan nicely....


_________________
[You must be registered and logged in to see this link.] For I know the thoughts that I think toward you, saith the LORD, thoughts of peace, and not of evil, to give you an expected end. Then shall ye call upon me, and ye shall go and pray unto me, and I will hearken unto you. And ye shall seek me, and find me, when ye shall search for me with all your heart.
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New measures to curb manipulation in hard currency and the elimination of the monopoly speculators - Page 2 Empty Re: New measures to curb manipulation in hard currency and the elimination of the monopoly speculators

Post by Stevethebrit on Thu 17 Nov 2016, 4:31 pm

Getting a real good vibe now, thanks Ward for the breakdown.
annieharbers
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Post by annieharbers on Thu 17 Nov 2016, 7:00 pm

Thanks   yes
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Post by Screwball on Thu 17 Nov 2016, 9:10 pm

[You must be registered and logged in to see this link.] wrote:For the record todays' Kuwait dinar rate is $3.28 plus or minus a penny is the word soooo all of this fits the plan nicely....

Thanks ward excellent recap...

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